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  • #341
  • Mar 21, 2013 5:57am Mar 21, 2013 5:57am
Quoting keroro0o0o
Update on 1D trade: AUDUSD

Price finally hit FTA and pulled back quite violently. FTA proved to be quite a tough area to breakthrough. Should've taken some profits here.

Attachment
Update on 1D trade: AUDUSD

Patience is virtue . TP hit for a good 2R profit.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 212 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #342
  • Mar 21, 2013 5:59am Mar 21, 2013 5:59am
Quoting keroro0o0o
New Pending 1D trade: EURAUD

Sell limit @ 1.2425
SL @ 1.2505
TP @ 1.2303

Reasons:
1. PBT&CB D LCS level.
2. Trading into space

*I'm bearish EURUSD & bullish AUDUSD, so it would make perfect sense to be bearish EURAUD. However, this would put me in a higher risk position, but I'll take it as the chart tells me. Since all my trades are limit orders, let's see if I'll miss all and I'll get all of them

Attachment
Update on 1D trade: EURAUD

Price finally made it to the FTA, and found some demand there. Moved SL to BE as the 2 previous daily lows can act as R.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 199 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #343
  • Mar 21, 2013 8:17am Mar 21, 2013 8:17am
Quoting keroro0o0o
Update on 1D trade: EURAUD

Price finally made it to the FTA, and found some demand there. Moved SL to BE as the 2 previous daily lows can act as R.

Attachment
Update on 1D trade: EURAUD

2nd FTA hit. Will let the trade run with SL at BE.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 190 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #344
  • Mar 21, 2013 8:45am Mar 21, 2013 8:45am
Quoting keroro0o0o
Update on 1D trade: EURUSD

Price made it back to my first entry at D + W LCS level, and formed 2x 1H signatures + 4H signature of level as S.

This made me tightened SL to above 1H PPZ level.

Attachment
Update on 1D trade: EURUSD

All 3 positions stopped out after the 1H bullish PB + signature of S off D + W LCS level. Overall loss 0.2R from all the trades, which was OK.

After the 1H bullish PB formed, I was busy reading other threads, and systems, and didn't react to the bullish PB formed. I was "hoping" for price to go further down, when it showed me that a bullish movement is coming.

Price may continue to go lower from here, and my SL was probably too close to the PPZ level (coz I simply didn't want to lose more). The supply area may work well to put back to the lows.

Anyway, I'll learn from these lessons, and get better

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 212 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #345
  • Mar 21, 2013 3:37pm Mar 21, 2013 3:37pm
Quoting keroro0o0o
Update on 1D trade: EURUSD

All 3 positions stopped out after the 1H bullish PB + signature of S off D + W LCS level. Overall loss 0.2R from all the trades, which was OK.

After the 1H bullish PB formed, I was busy reading other threads, and systems, and didn't react to the bullish PB formed. I was "hoping" for price to go further down, when it showed me that a bullish movement is coming.

Price may continue to go lower from here, and my SL was probably too close to the PPZ level (coz I simply didn't want to lose more). The supply...
Follow up: EURUSD

Price really made it back to the D + W LCS level after stopping me out. However, with a DCC of S, I wouldn't go short now even the PA seemed bearish.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 199 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #346
  • Mar 21, 2013 3:46pm Mar 21, 2013 3:46pm
Quoting keroro0o0o
Update on 1D trade: EURAUD

2nd FTA hit. Will let the trade run with SL at BE.

Attachment
Update on 1D trade: EURAUD

EURUSD & AUDUSD both formed DCC of S & R respectively at LCS/HCR levels. This signifies weakness in EURAUD bearishness. Decided to take partial profits, and SL remains at BE.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 188 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #347
  • Mar 21, 2013 4:19pm Mar 21, 2013 4:19pm
New Pending 1D trade: AUDUSD

Buy limit @ 1.0403
SL @ 1.0362
TP @ 1.0453

Reasons:
1. PBT&CA strong D + W HCR/LCS combo
2. Trading into space + with the trend
3. Also a valid 1H RR

1D chart:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 238 KB


1H chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-03-06_23-22.jpg Size: 161 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #348
  • Mar 22, 2013 4:25am Mar 22, 2013 4:25am
Quoting keroro0o0o
Update on 1D trade: EURAUD

EURUSD & AUDUSD both formed DCC of S & R respectively at LCS/HCR levels. This signifies weakness in EURAUD bearishness. Decided to take partial profits, and SL remains at BE.

Attachment
Update on 1D trade: EURAUD

Stopped out at BE. No complaints here

It's Friday.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 184 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #349
  • Edited 4:05pm Mar 24, 2013 3:46pm | Edited 4:05pm
New Pending 1D trade: GBPUSD

Buy limit @ 1.5165
SL @ 1.5096
TP @ 1.5264

Reasons:
1. PBT&CA D HCR level which aligned with multibar highs
2. 1H & 4H signatures of D HCR as S

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 90 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #350
  • Mar 24, 2013 3:54pm Mar 24, 2013 3:54pm
New Pending 1D trade: USDCHF

Sell limit @ 0.9425
SL @ 0.9477
TP @ 9352

Reasons:
1. PBT&CB D HCR/LCS level with TL confluence
2. Trading into space

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 101 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #351
  • Mar 24, 2013 3:56pm Mar 24, 2013 3:56pm
good luck keroro0o0o

visit my thread & read the 1st Page to the end ( only 1st page )
you will find usefull information & links for your jurney

walker.

http://www.forexfactory.com/showthread.php?t=388399


Quoting keroro0o0o
New Pending 1D trade: USDCHF

Sell limit @ 0.9425
SL @ 0.9477
TP @ 9352

Reasons:
1. PBT&CB D HCR/LCS level with TL confluence
2. Trading into space

Attachment
  • #352
  • Mar 24, 2013 4:08pm Mar 24, 2013 4:08pm
Quoting stevewalker
good luck keroro0o0o

visit my thread & read the 1st Page to the end ( only 1st page )
you will find usefull information & links for your jurney

walker.

http://www.forexfactory.com/showthread.php?t=388399
Hi Steve,

Thanks for dropping by. Will sure follow your thread when time permits
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #353
  • Mar 24, 2013 4:13pm Mar 24, 2013 4:13pm
no no
not necessery following the thread

you get me wrong.

read 1st page
thats enough


may help

Quoting keroro0o0o
Hi Steve,

Thanks for dropping by. Will sure follow your thread when time permits
  • #354
  • Mar 24, 2013 4:16pm Mar 24, 2013 4:16pm
Quoting stevewalker
no no
not necessery following the thread

you get me wrong.

read 1st page
thats enough


may help
Oh, alrighty
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #355
  • Mar 24, 2013 5:40pm Mar 24, 2013 5:40pm
Quoting stevewalker
no no
not necessery following the thread

you get me wrong.

read 1st page
thats enough


may help
Hi Steve, Read through the first post of the thread, one key thing that I noticed was about the market order vs the limit order.

Well, I agree with most of the points, but the thing is, I'm not able to be in front of my screen as I trade, therefore, I chose to trade the longer time frame (Daily), and use Limit orders and buy/sell on pullbacks of breakout trades, that's the summary of my strategy (learnt from Jarroo in J16).

Anyhow, I'm still finding the most appropriate strategy for myself, and will tweak and trial as I see fit. Will not start live till I'm comfortable and confident with the trading style.

Anyhow, thanks for your insightful thread. definitely learnt a whole lot!!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #356
  • Mar 24, 2013 5:52pm Mar 24, 2013 5:52pm
Quoting keroro0o0o
New Pending 1D trade: USDCHF

Sell limit @ 0.9425
SL @ 0.9477
TP @ 9352

Reasons:
1. PBT&CB D HCR/LCS level with TL confluence
2. Trading into space

Attachment
Update: price spiked through the FTA's straight towards my TP, and retraced back up.

Cancelled the limit order.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB

Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #357
  • Mar 24, 2013 5:59pm Mar 24, 2013 5:59pm
Quoting keroro0o0o
New Pending 1D trade: GBPUSD

Buy limit @ 1.5165
SL @ 1.5096
TP @ 1.5264

Reasons:
1. PBT&CA D HCR level which aligned with multibar highs
2. 1H & 4H signatures of D HCR as S

Attachment
Update: Price hit my TP shortly without pulling back.

Cancelled limit order.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 15 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #358
  • Mar 24, 2013 7:04pm Mar 24, 2013 7:04pm
smart desecion trading demo until feel confident
you can also try with micro/mini accpunts after some demo

good luck
&
trade well


Quoting keroro0o0o
Hi Steve, Read through the first post of the thread, one key thing that I noticed was about the market order vs the limit order.

Well, I agree with most of the points, but the thing is, I'm not able to be in front of my screen as I trade, therefore, I chose to trade the longer time frame (Daily), and use Limit orders and buy/sell on pullbacks of breakout trades, that's the summary of my strategy (learnt from Jarroo in J16).

Anyhow, I'm still finding the most appropriate strategy for myself, and will tweak and trial as I see fit. Will not...
  • #359
  • Mar 24, 2013 7:12pm Mar 24, 2013 7:12pm
Quoting stevewalker
smart desecion trading demo until feel confident
you can also try with micro/mini accpunts after some demo

good luck
&
trade well
Definitely. Will start with small accounts, and only once I'm consistent, I'll move up from there.

Edit: Just noticed the vouch. Thanks
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #360
  • Mar 24, 2013 7:52pm Mar 24, 2013 7:52pm
good luck

Quoting keroro0o0o
Definitely. Will start with small accounts, and only once I'm consistent, I'll move up from there.

Edit: Just noticed the vouch. Thanks
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