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  • #10,361
  • Feb 20, 2013 4:00am Feb 20, 2013 4:00am
Hmm I shouldnt had jump in to... when i zoom out the chart, the candle is small small only...
A BIG MISTAKE, I guess... Luckily didn't get burn.
Banker please return my pipins.
  • #10,362
  • Feb 20, 2013 4:24am Feb 20, 2013 4:24am
So, nothing to trade yesterday. 1Hr view. 15 min view. I saw at least 3 opportunities on the EU alone. What did you see?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Yesterday options 1hr.png Size: 27 KB
Click to Enlarge Name: Yesterday options 15min.png Size: 32 KB
Click to Enlarge Name: Overview.png Size: 39 KB
Cut your Losers short and let your Winners run.
  • #10,363
  • Feb 20, 2013 4:29am Feb 20, 2013 4:29am
Dee, what is all the extra stuff you are using. I see fibs and waves and stuff. I mean I understand the channels and trend lines of course, but are you adding some of your own harmonic pattern analysis to this method or something?
  • #10,364
  • Edited 5:07am Feb 20, 2013 4:41am | Edited 5:07am
As for now, I trade only H1 on EUR/USD and EUR/JPY.

Did not (probably do not) trade H1 EUR/USD because:
Raging market, long wicks both sides of bars, often change of colour.
Possible long excluded due to overbought market.
Possible short excluded due to yesterday's high, RN and EMA200. After breaking these, in my newbish opinion there is not enough room for profits.
Standalone TDI is not a signal, though it is very nice.

Did not (probably do not) trade H1 EUR/JPY -even though it gives better opportunities than EUR/USD- because:
Red, MBL, green are at level 50.
Long wicks on both ends of the bars.
Asian made a double top with day's high two days ago. Would hesitate gonig long with not much room to breathe. But let's see what happens in 2-3 hrs if price rejects EMA200.
Cannot go short, since EMA200 and 125 RN holds the price from collapsing.


Flat is also a good position

Ah, maybe the market will make a significant move in late US session just like yesterday.

Cannot wait your analyses of the market dee50!
Best luck (actually skills ),
M.
Remember I'm a newbie!
  • #10,365
  • Feb 20, 2013 6:26am Feb 20, 2013 6:26am
Quoting Babyboy
My first trading post. Have been studying the X-Men system ( Not finish the whole thread yet... too many pages).

Was shorting EU. after the opening London. Take my 1pip and runaway.
After entry, the prices been going sideways. Here's the chart.

Was wondering is my entry is correct. Any advise.

hello Babyboy, not saying whether the position was right or wrong but just dont see why you got out where you got out? you entered at london open and you get out few minutes later after position pulled back 10 pips?
personally i passed on this one because there was ema 200 in a way
  • #10,366
  • Feb 20, 2013 7:12am Feb 20, 2013 7:12am
+40 +100 +24. Multiple choice or all or nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: 20 02 +40 +100 +24.png Size: 43 KB
Cut your Losers short and let your Winners run.
  • #10,367
  • Feb 20, 2013 7:17am Feb 20, 2013 7:17am
nice trades Dee,

lol i am exactly opposite. the only position i have open is your `NO`. long eurjpy for over past 5 hours in hope that support will hold

Quoting dee50
+40 +100 +24. Multiple choice or all or nothing.
  • #10,368
  • Feb 20, 2013 7:29am Feb 20, 2013 7:29am
Quoting tonny47
hello Babyboy, not saying whether the position was right or wrong but just dont see why you got out where you got out? you entered at london open and you get out few minutes later after position pulled back 10 pips?
personally i passed on this one because there was ema 200 in a way
Actually, I holding the short position for about 46+ mins. I zoom into 5min monitoring and is was not favourable, as it's looks going sideway.
I drop out when the bearish slightly stronger and get a pip out. Hmm about the 200ema, I didnt have it in place.
Banker please return my pipins.
  • #10,369
  • Feb 20, 2013 7:32am Feb 20, 2013 7:32am
so you entries are based on 1 hour charts but exits on 5 min chart?

Quoting Babyboy
Actually, I holding the short position for about 46+ mins. I zoom into 5min monitoring and is was not favourable, as it's looks going sideway.
I drop out when the bearish slightly stronger and get a pip out. Hmm about the 200ema, I didnt have it in place.
  • #10,370
  • Feb 20, 2013 7:47am Feb 20, 2013 7:47am
Quoting tonny47
so you entries are based on 1 hour charts but exits on 5 min chart?
My plan only 25pips - 30pips. My intially SL was 15pips nothing more.

But the I was curious what's going on so decided to zoom into 5mins... and... choppy.
Then said to myself... Hell a day... got pip and out.
Banker please return my pipins.
  • #10,371
  • Feb 20, 2013 7:56am Feb 20, 2013 7:56am
haha ok

Quoting Babyboy
My plan only 25pips - 30pips. My intially SL was 15pips nothing more.

But the I was curious what's going on so decided to zoom into 5mins... and... choppy.
Then said to myself... Hell a day... got pip and out.
  • #10,372
  • Edited 8:50am Feb 20, 2013 8:06am | Edited 8:50am
Currently CT on the EU. First target for +21 been hit and stop to B/E

Update.
Stop to B/E +10

Final Update. Closed last contract for +16. Will wait to see what our american cousins are going to do
Attached Image (click to enlarge)
Click to Enlarge Name: 25 02++.png Size: 107 KB
Cut your Losers short and let your Winners run.
  • #10,373
  • Feb 20, 2013 8:15am Feb 20, 2013 8:15am
still holding long eurjpy for the past 6 hours or so but finally moved stop to BE. took other two long eujpy trade (more or less the same position - one for about 37 and the other for 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 20 feb eurjy.gif Size: 28 KB
  • #10,374
  • Feb 20, 2013 11:12am Feb 20, 2013 11:12am
Only 1 trade yesterday.....took a EU trade. 3 trades today....EU closed for +50.....GU closed for +100 and my AU trade is still open with 53 pips locked in.....all trades are H1 trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013.2.20 eu h1.gif Size: 41 KB
Click to Enlarge Name: 2013.2.20 gu h1.gif Size: 31 KB
  • #10,375
  • Feb 20, 2013 11:28am Feb 20, 2013 11:28am
any reason you wouldnt consider longs on eujpy this morning?

Quoting dee50
+40 +100 +24. Multiple choice or all or nothing.
  • #10,376
  • Edited 12:20pm Feb 20, 2013 12:03pm | Edited 12:20pm
Hi Phx,

Great trades as always. I wonder do you ever lose pips ?

Also what made you hold out for 50 pips after the price stalled and retraced to the 200 line on EUR/USD, Dee seemed to take this as a counter trade?

Thanks for the posts they are an education.
We're all just one trade away from humility.
  • #10,377
  • Feb 20, 2013 12:56pm Feb 20, 2013 12:56pm
Quoting Phx62
Only 1 trade yesterday.....took a EU trade. 3 trades today....EU closed for +50.....GU closed for +100 and my AU trade is still open with 53 pips locked in.....all trades are H1 trades.
very good , lool same order for me i used today big lot hahahahahaha
Attached Image (click to enlarge)
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  • #10,378
  • Feb 20, 2013 1:10pm Feb 20, 2013 1:10pm
The AU trade just hit the +100 TP.....a very good day.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.2.20 au h1.gif Size: 32 KB
  • #10,379
  • Feb 20, 2013 1:15pm Feb 20, 2013 1:15pm
Quoting Phx62
The AU trade just hit the +100 TP.....a very good day.....
phx62 you are the killer hahahahah congratulation the big trader
  • #10,380
  • Edited 2:34pm Feb 20, 2013 1:24pm | Edited 2:34pm
Quoting Drewas
Hi Phx,

Great trades as always. I wonder do you ever lose pips ?

Also what made you hold out for 50 pips after the price stalled and retraced to the 200 line on EUR/USD, Dee seemed to take this as a counter trade?

Thanks for the posts they are an education.
Yes, I do have some losing trades but I seldom let them run to my SL.....when I misread a setup and price goes against me within the first 20 pips or so of a trade, I will exit with a small loss.....some of my trades end at break even......on the EU pair, when price reached +21 pips my EA will move the SL to BE if I am not monitoring the trade, so sometimes I get nothing on a trade but that is better than a loss.....as I learn to only take the best setups, my losses become less and less frequent.....
RE: Your question on the 50 pip trade today.....I was monitoring the trade and had moved my SL to BE.....there was no change in color of the candles (none that closed blue) so I did not exit on the pullback.....I expected the 200 to reject the retest and continue the downtrend.......if a H1 candle had closed blue, I would have exited with a small profit......
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