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  • #15,981
  • Nov 27, 2012 8:27am Nov 27, 2012 8:27am
Quoting T@rantula
multiple closes over 2939, the price went to 2960. For me now, most comfortable trade would be to short it after a new HH has been made or long it around 2910 if we close below 2939.
Hi T i have a question regarding profit taking..

i don't trade full time and never intend to but i would like to know how a full time trader pays himself.. do you take a percentage of profits, a set amount.. do you sometimes never take profit and leave into your account to grow?
would be interesting to know... i personally want to grow my account to a certain amount then start to take 50-75% of profitable trades bear in mind trading is only part time for me
  • #15,982
  • Nov 27, 2012 9:21am Nov 27, 2012 9:21am
Quoting jaylovin
Hi T i have a question regarding profit taking..

i don't trade full time and never intend to but i would like to know how a full time trader pays himself.. do you take a percentage of profits, a set amount.. do you sometimes never take profit and leave into your account to grow?
would be interesting to know... i personally want to grow my account to a certain amount then start to take 50-75% of profitable trades bear in mind trading is only part time for me
Thats another story..I will review it soon, im glad u asked the question.

I personally earn from trading my personal account and being employed as a head trader in a firm.

For retails a sort of strategy is advised but mostly I never take off ALL the profits, we need to have some reserve cash. Ill cover that maybe during the weekend.
  • #15,983
  • Nov 27, 2012 10:36am Nov 27, 2012 10:36am
Quoting T@rantula
We are getting close to 2950..if 2950 is taken out 2939> 2910..that would be a major PB could give a potential 100 pip trade.
It was 2939>2915 actually. The price went to 2915 then it jumped as presumed. 2935 atm.
  • #15,984
  • Nov 27, 2012 11:50am Nov 27, 2012 11:50am
Quoting T@rantula
Thats another story..I will review it soon, im glad u asked the question.

I personally earn from trading my personal account and being employed as a head trader in a firm.

For retails a sort of strategy is advised but mostly I never take off ALL the profits, we need to have some reserve cash. Ill cover that maybe during the weekend.

cool nice one..
  • #15,985
  • Nov 28, 2012 1:59am Nov 28, 2012 1:59am
preferred scenario now:

first down towards 2905 to 2896

But we have to be aware, that a break of 2905 can quickly lead to an extended downside movement towards 2849

Then retest of the 2950 to 2970 area.
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  • #15,986
  • Nov 28, 2012 2:09am Nov 28, 2012 2:09am
Hi guys,

As we planned yesterday the move to 2912-15 is again buy the dip, at least we can drive it to 40-50 level probably and we could try to look for shorts somewhere around those levels.

As IN(Fini)tus said, 2950 is a good retest area where 2970 break or hold. The break of it will resume bullish channel.
  • #15,987
  • Nov 28, 2012 2:16am Nov 28, 2012 2:16am
Quoting T@rantula
Hi guys,

As we planned yesterday the move to 2912-15 is again buy the dip, at least we can drive it to 40-50 level probably and we could try to look for shorts somewhere around those levels.

As IN(Fini)tus said, 2950 is a good retest area where 2970 break or hold. The break of it will resume bullish channel.

Good morning T.,

all well? Hope so...... :-)

Yes, break of 2970 will definitively open 3122 to 3186
  • #15,988
  • Nov 28, 2012 2:36am Nov 28, 2012 2:36am
Quoting infinitus
Good morning T.,

all well? Hope so...... :-)

Yes, break of 2970 will definitively open 3122 to 3186
Yes mate, all well, thanks for asking. Hope ur good too. I missed some setups yesterday, had some resting orders ( missed by a mere 3 pip ), today I hope the price will be more obedient lol.

Yesterday I expected 3020 then a possible drop, but the price went to 2995 and start dropping. That was really unexpected. Now we are having a retracement on daily so lets see, would like to see 2905 and 2875.
  • #15,989
  • Nov 28, 2012 2:58am Nov 28, 2012 2:58am
Quoting T@rantula
Yes mate, all well, thanks for asking. Hope ur good too. I missed some setups yesterday, had some resting orders ( missed by a mere 3 pip ), today I hope the price will be more obedient lol.

Yesterday I expected 3020 then a possible drop, but the price went to 2995 and start dropping. That was really unexpected. Now we are having a retracement on daily so lets see, would like to see 2905 and 2875.


Haha, same here.

Yesterday morning I was in the bathroom, when I saw price starting to drop before it reached 3020. Lesson to learn: do not take a shower LOL
  • #15,990
  • Nov 28, 2012 11:53am Nov 28, 2012 11:53am
Quoting infinitus
Haha, same here.

Yesterday morning I was in the bathroom, when I saw price starting to drop before it reached 3020. Lesson to learn: do not take a shower LOL
and to add to this: do not go to business meeting when price is around bottom LOL


set PO long at 2876 and missed it so by a mere 1-2 pips
  • #15,991
  • Nov 28, 2012 6:08pm Nov 28, 2012 6:08pm
Quoting T@rantula
We are getting close to 2950..if 2950 is taken out 2939> 2910..that would be a major PB could give a potential 100 pip trade.
Quoting T@rantula
Hi guys,

As we planned yesterday the move to 2912-15 is again buy the dip, at least we can drive it to 40-50 level probably and we could try to look for shorts somewhere around those levels.

As IN(Fini)tus said, 2950 is a good retest area where 2970 break or hold. The break of it will resume bullish channel.


Quoting T@rantula
Now we are having a retracement on daily so lets see, would like to see 2905 and 2875.
Step by step and as our morning analysis suggested ( look also at the blog under the signature) 2875 proved a great opportunity to go long. It is clear that we are in uptrend and daily retracement got us to 2875, remember THE BIGGER THE MOVE IS THE BIGGER THE RETRACEMENT.

I also write for FX street, under the Platinum name so you can check under the signature. Its a pure blog spot. Ofcourse all of my friends, traders, and newbie traders will always have help on our great Forex Factory website and our thread.
  • #15,992
  • Nov 28, 2012 6:09pm Nov 28, 2012 6:09pm
Quoting infinitus
and to add to this: do not go to business meeting when price is around bottom LOL


set PO long at 2876 and missed it so by a mere 1-2 pips
Yep and I hate when that happens.
  • #15,993
  • Nov 29, 2012 12:19am Nov 29, 2012 12:19am
Quoting infinitus
and to add to this: do not go to business meeting when price is around bottom LOL


set PO long at 2876 and missed it so by a mere 1-2 pips
i also miss this by 1 pips. ops.
Trend Is Friend
  • #15,994
  • Nov 29, 2012 1:49am Nov 29, 2012 1:49am
As we noticed yesterday, the price has perfectly respected the analysis and it was a great opportunity to make good profits.
Today we are getting close to a crucial intraday resistance zone 2960-70. There are 2 ways this can be traded. Either short it around 2955 with 15 point stop or wait if 2970 would be broken then long it on retest with stops around 2950.
Only a sustained break above 2970 will accelerate bullish wave towards 3020-30. If 2960 is rejected only below 2930 sellers will gain more momentum towards 2912 and 2905.
  • #15,995
  • Nov 29, 2012 1:59am Nov 29, 2012 1:59am
Ofcourse needless to say, the best option is to scale out, trail it or put stops to BE for all who have kept the longs since yesterday.
  • #15,996
  • Nov 29, 2012 1:59am Nov 29, 2012 1:59am
Quoting polatok
i also miss this by 1 pips. ops.
That sux...i know..and I hate it when it happens.
  • #15,997
  • Nov 29, 2012 2:58am Nov 29, 2012 2:58am
Quoting T@rantula
As we noticed yesterday, the price has perfectly respected the analysis and it was a great opportunity to make good profits.
Today we are getting close to a crucial intraday resistance zone 2960-70. There are 2 ways this can be traded. Either short it around 2955 with 15 point stop or wait if 2970 would be broken then long it on retest with stops around 2950.
Only a sustained break above 2970 will accelerate bullish wave towards 3020-30. If 2960 is rejected only below 2930 sellers will gain more momentum towards 2912 and 2905.
I personally went on 65 retest, scaled out some, leaving the rest on BE.

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  • #15,998
  • Nov 29, 2012 3:48am Nov 29, 2012 3:48am
Quoting T@rantula
We are getting close to 2950..if 2950 is taken out 2939> 2910..that would be a major PB could give a potential 100 pip trade.
Indeed 100 pips trade for those who trade it intraweek.
  • #15,999
  • Nov 29, 2012 4:03am Nov 29, 2012 4:03am
Quoting T@rantula
I personally went on 65 retest, scaled out some, leaving the rest on BE.

Attachment
Closed it for +20.

We are bullish, the price can get to 3040 today, looking to short it around 3030 if we get there today.
  • #16,000
  • Nov 29, 2012 4:47am Nov 29, 2012 4:47am
Quarterly Up Fractal in progress resolving divergence.. looks like 1.35 is just a hiccup on the way to 1.50 again..

EURUSD Quarterly:
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