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Total newbie in forex - just a month live trading

  • #41
  • Jan 19, 2013 11:21am Jan 19, 2013 11:21am
Same on audjpy & chfjpy ...post 34
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Click to Enlarge Name: chfjpy swing trade 18 jan tp hit.gif Size: 30 KB
  • #42
  • Jan 19, 2013 12:15pm Jan 19, 2013 12:15pm
Time to clean up all the chart for top down analysis trade next week.

Monthly t/frame down to 15 minute -- identify any potential candles pattern , price action & the key price level (kpl)

as usuall swing trade on h1 .

Scalping on 15 minute.

Got to improved my trading disiplined by " knowing when not to trade " ???

1. Unspecific candles chart pattern & unfavourable market condition.

2. Alert on high impact expected news release timing likes nfp,ecb president speaks,euro group meetings,interest rate announcement, monetary policy statement and others.

Better stay at side lines....high risks

follow the tradings rules and stay focused.

All the best.
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  • #43
  • Jan 22, 2013 1:44am Jan 22, 2013 1:44am
since US BANK holiday , market liquidity low , took a few trade..

eur/usd stuck in the tokyo channel...

yen pairs looks ok.

do more scalping mode on m15 , catch a few pip
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Click to Enlarge Name: eurusd scalping mode m5.gif Size: 34 KB
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  • #44
  • Jan 22, 2013 1:46am Jan 22, 2013 1:46am
aud/usd , nzd/usd -correlate pairs
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  • #45
  • Jan 22, 2013 1:50am Jan 22, 2013 1:50am
my losing trade , price reverse
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  • #46
  • Jan 22, 2013 1:53am Jan 22, 2013 1:53am
others yen pair positive
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy short h1.gif Size: 28 KB
Click to Enlarge Name: audjpy trade .gif Size: 29 KB
Click to Enlarge Name: cadjpy short h1.gif Size: 28 KB
Click to Enlarge Name: cadjpy trade .gif Size: 32 KB
  • #47
  • Jan 22, 2013 1:56am Jan 22, 2013 1:56am
yen pair again - most pair correlate each others-refer to forexticket.com before took the trade
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  • #48
  • Jan 22, 2013 1:57am Jan 22, 2013 1:57am
next trade..
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Click to Enlarge Name: usdjpy TRADE .gif Size: 27 KB
  • #49
  • Jan 22, 2013 2:07am Jan 22, 2013 2:07am
Gbp/usd , eur/usd - breakout strategy --pending order both side

scalping on m15

im notice ... Price love stay in tokyo channel...i don't know why ? Japanese girl maybe...noisy

once its breakout price go away uptrend or down trend , then comeback to kiss the tokyo channel ...love the japanese girl i guess

aggresive on bed....
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  • #50
  • Jan 22, 2013 2:43am Jan 22, 2013 2:43am
Love tokyo

if price looks stuck in side the channel , normally i took scalping mode on m5 and m15 , target top & lower channel , so far ok ...catch a few pip with tight sl ... In the same time set my pending order abv/below the channel , once hit close the another...and look at potential next swing. My target now alway to rn or brn that confluence with the previous key price level s/r ...old resistance always becoming new support , so im always aware abt it....

My trade frame h1 ... Alway looks wat happend on h4 , d1 every 1 hour...if there is potential lets stay , if anything happend on h4 , readjust back on h1...look at 30m & 15m for early entry...so far so good

need more practice futhers.

On chart my guide are the tdi cross and my dma 3x3 ...price movement prediction- likes leading indicator.

My trend indicator , 89 ema color change it self once the trend change. 89 so far the best for me as one of fib.ratio number.

Im alway apply fib retracement tool to spot the price movement confluence with harmonic pattern abcd or others pattern.
Attached Image(s) (click to enlarge)
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  • #51
  • Jan 23, 2013 2:03am Jan 23, 2013 2:03am
yen pair short still running - trailing stop on , looks all pair in OB area below 32 line
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Click to Enlarge Name: cadjpy short h1.gif Size: 31 KB
Click to Enlarge Name: chfjpy short h1.gif Size: 33 KB
Click to Enlarge Name: eurjpy short h1.gif Size: 34 KB
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Click to Enlarge Name: usdjpy short h1.gif Size: 31 KB
  • #52
  • Jan 23, 2013 2:43am Jan 23, 2013 2:43am
since all yen pair started to retrace , whille my trailing stop already on , do scalping mode on my another set m15 .

to catch 30 - 40 pip depends on pairs ADR...price might go down back , wait for the signal , cos price still under the market base line (MBL) , Bias to go short again agreement with the 10 EMA day & 89 EMA STILL above the price...trending down ..I'LL KEEPS THE RULES by confirm it on H4 & D1 Time frame.
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Click to Enlarge Name: audjpy scalping m15 .gif Size: 23 KB
Click to Enlarge Name: cadjpy scalping m15 .gif Size: 21 KB
Click to Enlarge Name: chfjpy scalping m15 .gif Size: 24 KB
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  • #53
  • Jan 23, 2013 3:26am Jan 23, 2013 3:26am
how ever i got to wait whats happend to the market once TOKYO close and LONDON RUN THE SHOW...anything can happend ..just wait and see

there is a impact to yen pair i guess.. once tokyo close
Attached Image(s) (click to enlarge)
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  • #54
  • Jan 23, 2013 6:51am Jan 23, 2013 6:51am
Quoting ramlanne
MY JOURNAL.

" FOR NEWBIE ONLY "

It is important to understand that to me the one criteria for removing a position is because it has not been proven correct.I at no time use as criteria for removing a position the fact that the market proved the position incorrect.

My Finding……

“There is a big difference here as to how we treat all positions from what most traders use. If the market does not prove the position correct, it is still possible the market has not proven the position wrong. If I’ll wait until the market proves...

please give credit to to the various sources of your posting. The least you can respect someone else ideas for using its content or cut and paste
http://www.anirudhsethireport.com/ta...ect-positions/
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #55
  • Jan 23, 2013 7:05am Jan 23, 2013 7:05am
Quoting ramlanne
MY JOURNAL.


Most traders think the important element in success is knowledge. In my trading career I have found that correct knowledge and the ability to change behavior are the most important parts of successful trading. Correct knowledge without behavior modification projects improper execution of an otherwise perfect trading plan.

Give the original author the credit, At least they wont' sue you for damages for copyright. Or you can come out with your orginal ideas ?

http://www.webtrading.com/phantom/forward.htm
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #56
  • Jan 23, 2013 7:17am Jan 23, 2013 7:17am
Quoting pat chiko
give the original author the credit, at least they wont' sue you for damages for copyright. Or you can come out with your orginal ideas ?

http://www.webtrading.com/phantom/forward.htm
hello pat ,

happy see u here....i'm not best copy king like you man .... Since i'm not really good in written english or express the real thing i tought so you're are right ,thats not my words ....but all the statements are true and facts similar whats im thinking by the experience.....that the point here..

so whats your point ? is the statements wrong ? ? ?

By the way thanks for the good comment...

Welcome to my poor journal.

"you & you alone are the responsibilities party"

all the best, trade well & follow the rules , stay focused.
  • #57
  • Jan 23, 2013 7:25am Jan 23, 2013 7:25am
Quoting Pat Chiko
Give the original author the credit, At least they wont' sue you for damages for copyright. Or you can come out with your orginal ideas ?

http://www.webtrading.com/phantom/forward.htm
pat ,

have you read opening sentence.... here below or go back to post 1 please.

" FOR NEWBIE ONLY "

Here are my finding and my thought “ONLY” after reading about 300 pages of this thread .With combination from Arjun loveevery1 ”Another simple system on 15m TIME frame “ trading strategy and my others reading on trading systems dean marlone,POP,BABYPIPS,FOREXPEACEARMY ,CANDLESTICKS,PROTRADER, AND OTHERS I buiid-up the trading plan and journal , just for my guidance on my latest trading strategy and future…..

tq.
  • #58
  • Jan 23, 2013 11:40pm Jan 23, 2013 11:40pm
Usd/cad breakout after 2 day stuck in tokyo channel.

Forming bullish divergence on h1 and going to form butterfly on daily frame

breaks daily trendline and price goes up to kiss nov s/r & confluence with rn 1.0000

target hit.
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  • #59
  • Jan 24, 2013 12:29am Jan 24, 2013 12:29am
Gbp/usd counter trend set up

hope its work on double bottom.
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Click to Enlarge Name: gbpusd pending buy h4.gif Size: 34 KB
Click to Enlarge Name: gbpusd pending buy d1.gif Size: 38 KB
  • #60
  • Jan 24, 2013 12:50am Jan 24, 2013 12:50am
Eur/usd long

hope its break up the trend line
Attached Image (click to enlarge)
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