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Trading Price Levels

  • #61
  • Mar 20, 2013 9:42pm Mar 20, 2013 9:42pm
eu and gu pendings are activated,gj and uj almost reached theyr 'destination'
placed a pending sell ej @124.38 with [email protected] because of last weeks sell option,it has higher rr now
chart ej
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 20 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #62
  • Mar 20, 2013 9:44pm Mar 20, 2013 9:44pm
Quoting freakout
Eur/jpy - sell @123.71, sl @124.51, tp @122.91
gbp/usd - sell @1.5133, sl @1.5203, tp @1.5063

could you please post your chart?
Money is made by sitting, not trading. Jesse L. Livermore
  • #63
  • Mar 20, 2013 10:42pm Mar 20, 2013 10:42pm
yes, of course I'm not entering directly on the lines btw
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 33 KB
Click to Enlarge Name: gbpusdh1.png Size: 31 KB
Trade or not to trade - that is the question...
  • #64
  • Mar 21, 2013 5:20am Mar 21, 2013 5:20am
Quoting sam69
eu and gu pendings are activated,gj and uj almost reached theyr 'destination'
placed a pending sell ej @124.38 with [email protected] because of last weeks sell option,it has higher rr now
chart ej
bastards...failed by 1 pip
Money is made by sitting, not trading. Jesse L. Livermore
  • #65
  • Mar 21, 2013 5:23am Mar 21, 2013 5:23am
Quoting freakout
yes, of course I'm not entering directly on the lines btw
,your ej tp is hit,looking at your charts it seems your gu levels are a bit different as mine,whats your broker?
Money is made by sitting, not trading. Jesse L. Livermore
  • #66
  • Mar 21, 2013 10:04am Mar 21, 2013 10:04am
my broker is Armada Markets
Trade or not to trade - that is the question...
  • #67
  • Mar 21, 2013 3:04pm Mar 21, 2013 3:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-ibfx.png Size: 121 KB
,

Sam69,

Thank you very much for your strategy.

Could you please let me know if my calculation of 470 pips of profit is correct for the above 2 months between 2012.12.07 and 2013.02.01.

Thank you.

Alfa99
  • #68
  • Mar 21, 2013 11:27pm Mar 21, 2013 11:27pm
Quoting alfa99
Attachment ,

Sam69,

Thank you very much for your strategy.

Could you please let me know if my calculation of 470 pips of profit is correct for the above 2 months between 2012.12.07 and 2013.02.01.

Thank you.

Alfa99
hi alfa99,
this is very good question,its where our discretion or experience comes to play,so i cut your mentioned timespan in 3 pieces to have better view
1. its the theory of this method,where you assume we trade from level to level after candle close with pending orders, please look at those 3 charts below
there we have as described on charts calculation as follows:
1.sell,won 120pips
2.buy,won 120pips
3.sell,lost 120pips
4.sell,lost 120pips
5.sell,won 120pips
6.buy,won 120pips
7.buy,lost 120pips
8.buy,lost 120pips
9.sell,lost 120pips
10.buy,won 120pips
11.buy,won 120pips
12.buy,won 120pips
13.buy,won 120pips
14.sell,won 120pips
=total +480pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: part1.png Size: 54 KB
Click to Enlarge Name: part2.png Size: 59 KB
Click to Enlarge Name: part3.png Size: 54 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #69
  • Mar 21, 2013 11:30pm Mar 21, 2013 11:30pm
2.but if we pay attention to price action and use our discretion it would like this...
please see these pictures...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pract1.png Size: 110 KB
Click to Enlarge Name: pract2.png Size: 60 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #70
  • Mar 22, 2013 1:06am Mar 22, 2013 1:06am
Quoting sam69
placed pending orders
eu [email protected],[email protected],[email protected]
gu [email protected],[email protected],[email protected]
should have done it on monday but this week is a crazy one,i guess its because of all this fundamental news about cyprus,i dont know
...finally we go...or not...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.png Size: 15 KB
Click to Enlarge Name: gu.png Size: 15 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #71
  • Mar 22, 2013 4:36am Mar 22, 2013 4:36am
Great thread!
Thank you for sharing.
Subscribed!
Pursue the best and share to others!
  • #72
  • Mar 22, 2013 4:40am Mar 22, 2013 4:40am
Quoting kawangkoan
Great thread!
Thank you for sharing.
Subscribed!
hey there,just got to pc,very choppy still.whole week nothing happened,closed gu and leave eu,lets see how next week will be,thanks!
Money is made by sitting, not trading. Jesse L. Livermore
  • #73
  • Mar 22, 2013 4:41am Mar 22, 2013 4:41am
hehe,gu shot up,just after i closed,damn!
edit. wrong decision again
Money is made by sitting, not trading. Jesse L. Livermore
  • #74
  • Mar 22, 2013 4:54am Mar 22, 2013 4:54am
ok,i must leave again,markets are crazy,lets see if eu makes huge gap again,then i have either + or -120pips,good weekend all!
Money is made by sitting, not trading. Jesse L. Livermore
  • #75
  • Mar 24, 2013 9:35pm Mar 24, 2013 9:35pm
Quoting sam69
ok,i must leave again,markets are crazy,lets see if eu makes huge gap again,then i have either + or -120pips,good weekend all!
sl hit,-120,set pending [email protected],[email protected],[email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 23 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #76
  • Mar 25, 2013 7:07am Mar 25, 2013 7:07am
Quoting sam69
sl hit,-120,set pending [email protected],[email protected],[email protected]
trade is on the half way down,anybody else trading it?
Money is made by sitting, not trading. Jesse L. Livermore
  • #77
  • Mar 25, 2013 8:38pm Mar 25, 2013 8:38pm
Quoting sam69
trade is on the half way down,anybody else trading it?
tp hit,pending buy ej @120.38...
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 23 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #78
  • Mar 25, 2013 10:09pm Mar 25, 2013 10:09pm
you're trading only on H4 timeframe or on H1 too? still don't know which to choose, because H1 gives sometimes false signals and on H4 we lose many pips opening trade too late...
Trade or not to trade - that is the question...
  • #79
  • Mar 25, 2013 11:42pm Mar 25, 2013 11:42pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting freakout
on H4 we lose many pips opening trade too late...
If SL and TP are set correctly, doesn't matter where is your entry, you will still get about 1:1 RR.
MT4/MT5 EAs/Indicators/Alerts coder
  • #80
  • Mar 25, 2013 11:49pm Mar 25, 2013 11:49pm
my R:R is always 1:1, but due to late entry SL more often get hit than the TP level...
Trade or not to trade - that is the question...
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