IMO, EU h4 trend is upward, but because holiday is coming, market momentum is very low. So avoid trading maybe a good idea.
Another simple system - Time-Frame 15
- #14,724
- Nov 19, 2012 9:00am Nov 19, 2012 9:00am
Potential CT trade..
Setup NU H1 TF.
ADR high breached, waiting for PA to be rejected from BRN 0.8200 , short entry on return, confirmation PA below 10 EMA M5 TF.
Ciara
Setup NU H1 TF.
ADR high breached, waiting for PA to be rejected from BRN 0.8200 , short entry on return, confirmation PA below 10 EMA M5 TF.
Ciara
Ideas shape the course of history
Ciara
- #14,727
- Nov 19, 2012 9:19am Nov 19, 2012 9:19am
closed the eu for +23.
Following the basic setup gives more than enough pips. Remember, what master said, we only need 10-15pips a day and we would be on our way.
AU, EU, EJ and Usdcad all gave good setups today. All we need do is wait for the setup to happen and we take them. Patience Practice Patience.
Following the basic setup gives more than enough pips. Remember, what master said, we only need 10-15pips a day and we would be on our way.
AU, EU, EJ and Usdcad all gave good setups today. All we need do is wait for the setup to happen and we take them. Patience Practice Patience.
Let your plan trade for you, not your emotion!!!
- #14,729
- Edited 9:32am Nov 19, 2012 9:31am | Edited 9:32am
UC$ short. 1-2-3 scallops..Note the small stop. RR = 1:3.
M15 chart below.
TP below ADRL, where there wilkl be also a CT potential from RN (see the NU post above, mirror situation here).
Ciara
M15 chart below.
TP below ADRL, where there wilkl be also a CT potential from RN (see the NU post above, mirror situation here).
Ciara
Ideas shape the course of history
- #14,732
- Nov 19, 2012 9:53am Nov 19, 2012 9:53am
Mourning this trade.
Thought i moved to BE, but it was BE +.7. Initial stop was just 3 pips and i was not willing to give that to the market.
I am always looking to enter in places where my stop risk is very minimal and profit high. If it had worked out would have been 1:12R now.
Trading is the only business that you can do this. For every trade, i always think of the risk first, before the profit potential. Trading 1 lot, $30 would have brought $360 in 2 hours. Guess that's why some folks call it gambling.
I agree its gambling, but only in the profit part. The risk associated with conventional gambling, we have the power to control and manipulate it.
Thought i moved to BE, but it was BE +.7. Initial stop was just 3 pips and i was not willing to give that to the market.
I am always looking to enter in places where my stop risk is very minimal and profit high. If it had worked out would have been 1:12R now.
Trading is the only business that you can do this. For every trade, i always think of the risk first, before the profit potential. Trading 1 lot, $30 would have brought $360 in 2 hours. Guess that's why some folks call it gambling.
I agree its gambling, but only in the profit part. The risk associated with conventional gambling, we have the power to control and manipulate it.
Let your plan trade for you, not your emotion!!!
Ciara
- #14,738
- Nov 19, 2012 10:28am Nov 19, 2012 10:28am
- Joined Feb 2012 | Status: Trader | 3,108 Posts
Let all the living things live blissfully
- #14,740
- Nov 19, 2012 10:29am Nov 19, 2012 10:29am
AU scalping. Long at RN 1.04000.
3 pips stop, moved to BE+2 already.
TP ADRhigh, RR (risk reward) ratio 3:14
Just as an example of scalloping around 10 EMA and the power of RN.
Done for today +62 and this position open.
Ciara
3 pips stop, moved to BE+2 already.
TP ADRhigh, RR (risk reward) ratio 3:14
Just as an example of scalloping around 10 EMA and the power of RN.
Done for today +62 and this position open.
Ciara
Ideas shape the course of history