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  • #3,321
  • Mar 8, 2013 2:44am Mar 8, 2013 2:44am
The EJ buy trade I took this morning. Already closed 90% of my lot at +30 pips
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  • #3,322
  • Mar 8, 2013 3:17am Mar 8, 2013 3:17am
Morning all,

NFP day.

lets roll..
  • #3,323
  • Edited 3:30am Mar 8, 2013 3:18am | Edited 3:30am
Quoting kester
The EJ buy trade I took this morning. Already closed 90% of my lot at +30 pips
good sbpt trade.
there was a good setup on gj too.

kester.. can post your spread indicator for me please. Thx
.. or anyone else who got a good one that just is a single spread showing indi. thanks in advance
  • #3,324
  • Mar 8, 2013 3:35am Mar 8, 2013 3:35am
Hi, P.Dean, i can only say to you, TY. For your system, for your help,for your nice mind.No system is 100% exact and we make sames time faults bat that is in we know wer we are, in forex.This morning i made 12 pips, i closed early but that is my firth problem, i becomme doubs and prefer no lost my small winns.A question abaut, do you stay always in your trade till take profit or lost,or quit same times with small benefits?
Regards and TY.
  • #3,325
  • Mar 8, 2013 3:37am Mar 8, 2013 3:37am
Quoting P.Dean
good sbpt trade.
there was a good setup on gj too.

kester.. can post your spread indicator for me please. Thx
.. or anyone else who got a good one that just is a single spread showing indi. thanks in advance
Here is the spread indicator I use
Attached File(s)
File Type: ex4 Spread(1).ex4   3 KB | 247 downloads
  • #3,326
  • Mar 8, 2013 3:39am Mar 8, 2013 3:39am
Quoting kester
Here is the spread indicator I use
Thanks brother.
  • #3,327
  • Mar 8, 2013 3:57am Mar 8, 2013 3:57am
Quoting mel3
Hi, P.Dean, i can only say to you, TY. For your system, for your help,for your nice mind.No system is 100% exact and we make sames time faults bat that is in we know wer we are, in forex.This morning i made 12 pips, i closed early but that is my firth problem, i becomme doubs and prefer no lost my small winns.A question abaut, do you stay always in your trade till take profit or lost,or quit same times with small benefits?
Regards and TY.
i have a plan.. and my plan says different things on each setups but RR must be at least 1:1 before i even get in regardless of the setup.
on SBPT..i go for +30 profit.. my long term success with this setup depends on hitting that avg win.. so I stay in the trade for that profit target to happen.. so its either profit hit or sl hit.

on NBT/SBCT.. i aim the opposite band and maybe catch a breakout if the band gets crushed.
  • #3,328
  • Mar 8, 2013 7:04am Mar 8, 2013 7:04am
Gu short SBCT..
This is prior to NFP so i got my tp set further than normal 1rr incase we get a major drop, who knows. the risk on this trade is reasonable.. will see what happens..
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  • #3,329
  • Mar 8, 2013 7:48am Mar 8, 2013 7:48am
my target was +120 on this.. but i made it wider after that awesome NFP numbers for usd.. so keeping it for more profit..

remains to be seen.. it could eat all my profit.. but willing to risk that.. as a trader we live and die with our decisions.. but this has a good chance to drop further or at least not to bounce throughway back.
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  • #3,330
  • Mar 8, 2013 9:14am Mar 8, 2013 9:14am
Quoting P.Dean
my target was +120 on this.. but i made it wider after that awesome NFP numbers for usd.. so keeping it for more profit..

remains to be seen.. it could eat all my profit.. but willing to risk that.. as a trader we live and die with our decisions.. but this has a good chance to drop further or at least not to bounce throughway back.

out for +88... finishing the week on a good note at least.
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  • #3,331
  • Mar 9, 2013 2:32am Mar 9, 2013 2:32am
Quoting P.Dean
out for +88... finishing the week on a good note at least.
Hey bro. Nice NFP trading. Was out drinking huhuh so i couldnt take it.
Is this how you usually trade it? Like, find a cheap entry and then just hope it goes your way?
Cheers
  • #3,332
  • Mar 11, 2013 1:54am Mar 11, 2013 1:54am
Morning all,

Another 1st day of trading week and 2nd week of the month of march with all the heavy weight news behind us which normal and more settled movement could be expected.. I wish everyone a successful week ahead.

Chart update:
Well after the big NFP its normal to have some sideways/corrections sorts of movements.. so waiting for London open to see whats its early intention is a must to get a better grip.

ok let's roll..
  • #3,333
  • Edited 2:47am Mar 11, 2013 2:32am | Edited 2:47am
Quoting baccarat
Hey bro. Nice NFP trading. Was out drinking huhuh so i couldnt take it.
Is this how you usually trade it? Like, find a cheap entry and then just hope it goes your way?
Cheers
I don't necessarirly trade the NFP for NFP sake or news trading.. i just trade my setup at low risk and keep my tp open in case of a favorable move. I pick the one best setup between all the pairs under my radar. News are 50/50 IMO but if you could get in with a small risk setup then favorable RR is more likely due to big movement.
I did the same with with the rate changes the day before on eu.. but the spike got me for -6 pips.

all this was for short term (5m).. for long term i can care or less about any news, if I have floating I let it be since its a wider scale.
  • #3,334
  • Mar 11, 2013 8:27am Mar 11, 2013 8:27am
Ok good to know. Makes sense . Market today is crazily low vol...relaxing from friday
  • #3,335
  • Mar 12, 2013 4:01am Mar 12, 2013 4:01am
Morning all,
Gunning on JPY pairs due to bearish swing out post London open.. I got my fib plotted on most of them lets see if presents some good setups..
game plan..
A) counter if presents 3b for a sbct setup aming opposite band or more if it breaks away.
B) Pullback for continuation with mac bar confirmation for SBPT setup aiming lower band +30 or if it breaks away.

..remains to be seen, for now only being alerted to get prepared for possibilities.
  • #3,336
  • Mar 12, 2013 7:16am Mar 12, 2013 7:16am
Didnt see a good trade yet today except for the GBPUSD. Watching like an eagle..
  • #3,337
  • Mar 12, 2013 11:15am Mar 12, 2013 11:15am
was busy dealing with this two trades (gu/nbt & au/sbct).. closed the gu nicely and not so good the au.. should have waited for the lower band touch, profit margin on that one was not so good to begin with, anyways not bad.
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  • #3,338
  • Mar 12, 2013 11:25am Mar 12, 2013 11:25am
GU is inisde a wide early neutral band atm, good one to take a shot at again for a short play this time if 3T pops up.. watching it..
you can watch with me
  • #3,339
  • Mar 13, 2013 10:54am Mar 13, 2013 10:54am
Hi, long gu, after double bottom... let's see
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  • #3,340
  • Mar 13, 2013 11:38am Mar 13, 2013 11:38am
this is a bit "too" risky for me. seemingly there's a resistance right above your entry?

this is a counter-trend trade, i'd rather wait for the pull back fully developed.




btw, Mr.Dean, nice comeback! what's your insights for the recent losing streak?

Quoting torbarxa
Hi, long gu, after double bottom... let's see
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