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Buy sell line trading

  • #2,181
  • Dec 16, 2012 10:39pm Dec 16, 2012 10:39pm
Quoting 60minuteman
im not going to answer the question, in the long run you would be better answering the question for yourself...

its not difficult, but it will take some of your time and some effort.....
Yes,my answer is like California said before ''Even if everything had set up perfectly, some trades will not be winners. "That's trading."
  • #2,182
  • Dec 17, 2012 6:02am Dec 17, 2012 6:02am
Hi Guy,

I have been demoing this system for quiet a while now and some backtesting as well.
I quiet like to prospect and the higher time frames means I can do this along side my day job.

I would like to thank all the kind people here for sharing their ideas and getting this to us.

I think what would really help is if the experience traders posted some trades as they took them. It helps to discuss trades during live trading rather than in the future as it is always easy to see trends and why your trades went right later.

I am not trying to get people to post trades so that I can copy them, I think it will give a more practical notion to a theory that we have now.

Finally, it would even be better if people post trades they have lost. This gives us more sense as to what not to do.

I hope I am not asking for too much. Many very successful threads on FF follow this trend of posting trades as they happen.

Thanks,
K
  • #2,183
  • Dec 17, 2012 7:15am Dec 17, 2012 7:15am
Here you go, AUD M15.

Quoting kashTrader
Hi Guy,

I have been demoing this system for quiet a while now and some backtesting as well.
I quiet like to prospect and the higher time frames means I can do this along side my day job.

I would like to thank all the kind people here for sharing their ideas and getting this to us.

I think what would really help is if the experience traders posted some trades as they took them. It helps to discuss trades during live trading rather than in the future as it is always easy to see trends and why your trades went right later.

I am not trying...
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 18 KB
  • #2,184
  • Dec 17, 2012 8:28am Dec 17, 2012 8:28am
Quoting nige1
Here you go, AUD M15.
Great Nige1.
  • #2,185
  • Dec 17, 2012 9:32am Dec 17, 2012 9:32am
Quoting nige1
Here you go, AUD M15.
AUD/USD was pretty much ranging...better trade trending pairs. For consistent profits and high win rates stay with H1 and H4 time frame.
I will post some charts later...I am up +70 pips today.

And always take a look at daily (and weekly/monthly) s/r lines to take high probality trades with enough room to the next line.
  • #2,186
  • Dec 17, 2012 9:34am Dec 17, 2012 9:34am
Thanks... I am sticking to 1H Charts. This is what I meant. If everyone practicing the system starts posting then we all can work together and improve our trading. Also, it is possible that we will get more coverage of the pairs and find out which ones are working best.

By the Olarion, I appreciate you saying that you will post some charts but, please do try and post them as you take the trades rather than past trades.
Hope you understand.

Thanks,
K

Quoting Olarion1975
AUD/USD was pretty much ranging...better trade trending pairs. For consistent profits and high win rates stay with H1 and H4 time frame.
I will post some charts later...
  • #2,187
  • Dec 17, 2012 9:47am Dec 17, 2012 9:47am
Let's see this picture:

Entry 1: I saw a possible entry+hanging man,but It was fail!

Entry 2: Don't know how it will go but I got some pips from this trade!
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-17_224360min.png Size: 16 KB
  • #2,188
  • Dec 17, 2012 9:49am Dec 17, 2012 9:49am
Quoting kaka_ht
Let's see this picture:

Entry 1: I saw a possible entry+hanging man,but It was fail!

Entry 2: Don't know how it will go but I got some pips from this trade!
IMHO, EU is ranging at the moment, trying to decide whether to shoot "up" or "down". As such your traded didn't work out as planned. Lets see what happens next ....
  • #2,189
  • Dec 17, 2012 9:57am Dec 17, 2012 9:57am
Quoting kashTrader
IMHO, EU is ranging at the moment, trying to decide whether to shoot "up" or "down". As such your traded didn't work out as planned. Lets see what happens next ....
Yes,I only trade on my demo acc now!Today the market make me sick!
  • #2,190
  • Edited 9:40pm Dec 17, 2012 9:25pm | Edited 9:40pm
Quoting 60minuteman
here's a brief explanation of the commando entry for M15.,,,,
60minuteman very nice simple sytem.

Could you please post the zig zag indicator plotting those tiny arrows on your charts ?

Are the marked entries correct as per your system on 15 mins ?
Attached Image (click to enlarge)
Click to Enlarge Name: comandos.jpg Size: 71 KB
  • #2,191
  • Dec 18, 2012 4:09am Dec 18, 2012 4:09am
Quoting snail69
60minuteman very nice simple sytem.

Could you please post the zig zag indicator plotting those tiny arrows on your charts ?

Are the marked entries correct as per your system on 15 mins ?
the indi was built by Lio on here, its posted on the thread somewhere..... search attachments....
tradewith60
  • #2,192
  • Dec 18, 2012 11:48am Dec 18, 2012 11:48am
My trade of the day...type 2 entry on Gold, H4 time frame (screenshots attached).

SL above last swing high = 30 pips.
Take profit at daily s/r line for +266 pips
Risk/reward =1:9 !!

Overall result today with H1 and H4 entries = +313 pips = +28% account increase!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD,H4_2012-12-18_18-09-02.jpg Size: 63 KB
Click to Enlarge Name: XAUUSD,H1_2012-12-18_18-12-52.jpg Size: 58 KB
  • #2,193
  • Dec 18, 2012 12:24pm Dec 18, 2012 12:24pm
Quoting Olarion1975
My trade of the day...type 2 entry on Gold, H4 time frame (screenshots attached).

SL above last swing high = 30 pips.
Take profit at daily s/r line for +266 pips
Risk/reward =1:9 !!

Overall result today with H1 and H4 entries = +313 pips = +28% account increase!!
Sweet Lord of trading. 9R!!!
That is some trade. Well done for catching it.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #2,194
  • Dec 18, 2012 1:38pm Dec 18, 2012 1:38pm
Quoting Olarion1975
My trade of the day...type 2 entry on Gold, H4 time frame (screenshots attached).

SL above last swing high = 30 pips.
Take profit at daily s/r line for +266 pips
Risk/reward =1:9 !!

Overall result today with H1 and H4 entries = +313 pips = +28% account increase!!
Nice trade!!

How do you folks know which pairs to watch for a big juicy move?

I am pretty good at spotting a good set up, but I need to figure out how to choose which pairs to watch.
I am guessing you just need to quickly look through a bunch of different pairs looking for a nice set up?

(just thinking out loud) Maybe if one looked the night before on the daily charts and marked down which ones might look good for a potential move and then choose 3 or 4 to keep your eye on?

Thanks

PGPB
  • #2,195
  • Dec 18, 2012 1:55pm Dec 18, 2012 1:55pm
Quoting pgpb
Nice trade!!

How do you folks know which pairs to watch for a big juicy move?

I am pretty good at spotting a good set up, but I need to figure out how to choose which pairs to watch.
I am guessing you just need to quickly look through a bunch of different pairs looking for a nice set up?

(just thinking out loud) Maybe if one looked the night before on the daily charts and marked down which ones might look good for a potential move and then choose 3 or 4 to keep your eye on?

Thanks

PGPB
Hi PGPB,

I trade beside my daily job in the office. In general I look through the charts every new hour for spotting setups on the H1 and H4. If I see a setup (engulfing, type 2 or inside bar) I quickly look at the higher time frame trend and the daily/weekly/monthly s+r line to make my decision. If I am comfortable with the risk and the reward (enough room to the next level of possible turning), I pull the trigger.

But I avoid pairs that have been ranging on the Daily for a few days (50sma is flat and price bouncing between 2 levels). In that case I wait for price making a new high or low before even thinking of an entry.

For money management I move my stop to BE at r/r of 1:1 and/or trail my SL behind the last closed H1 candles into the direction of the trend.

I hope this helps.

Have a nice evening,
Olarion
  • #2,196
  • Dec 18, 2012 2:47pm Dec 18, 2012 2:47pm
Very well done dude



Quoting Olarion1975
My trade of the day...type 2 entry on Gold, H4 time frame (screenshots attached).

SL above last swing high = 30 pips.
Take profit at daily s/r line for +266 pips
Risk/reward =1:9 !!

Overall result today with H1 and H4 entries = +313 pips = +28% account increase!!
  • #2,197
  • Dec 18, 2012 3:14pm Dec 18, 2012 3:14pm
Quoting Olarion1975
My trade of the day...type 2 entry on Gold, H4 time frame (screenshots attached).

SL above last swing high = 30 pips.
Take profit at daily s/r line for +266 pips
Risk/reward =1:9 !!

Overall result today with H1 and H4 entries = +313 pips = +28% account increase!!
bravo mate... awesome stuff
tradewith60
  • #2,198
  • Dec 18, 2012 5:39pm Dec 18, 2012 5:39pm
First of all congratulation .. Very well done

But, how is this TYPE 2?

Quoting Olarion1975
My trade of the day...type 2 entry on Gold, H4 time frame (screenshots attached).

SL above last swing high = 30 pips.
Take profit at daily s/r line for +266 pips
Risk/reward =1:9 !!

Overall result today with H1 and H4 entries = +313 pips = +28% account increase!!
  • #2,199
  • Dec 18, 2012 6:24pm Dec 18, 2012 6:24pm
Quoting kashtrader
first of all congratulation .. Very well done

but, how is this type 2?
COPIED FROM PAGE 1 ENTRY RULES

alternate signal candle

the engulfing set up will not catch all moves back into a trend so we have an alternate signal candle that is just as successful.

This is just an alternative to the engulfing price action and all other rules remain unchanged.

1. For shorts the signal candle must close in the bottom 25% of its range and its high or the previous candles high must be the highest high of the last 5 candles.
tradewith60
  • #2,200
  • Dec 18, 2012 6:27pm Dec 18, 2012 6:27pm
Quoting 60minuteman
COPIED FROM PAGE 1 ENTRY RULES

alternate signal candle

the engulfing set up will not catch all moves back into a trend so we have an alternate signal candle that is just as successful.

This is just an alternative to the engulfing price action and all other rules remain unchanged.

1. For shorts the signal candle must close in the bottom 25% of its range and its high or the previous candles high must be the highest high of the last 5 candles.
Thanks 60... I realise this rule and have read it before. I was just finding it hard how this rule actually was applied to the entry. I guess there was a bit of discretion.
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