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S&R short term bounces

  • #261
  • Mar 28, 2013 11:15am Mar 28, 2013 11:15am
Quoting sam0182
Nice

This the only trade of yours that I didn't like so much, wish the level was cleaner. Nice take on it though.
alsolutely agree! today my finger was pretty close at the trigger... I guess I´m gonna stop for now.
  • #262
  • Mar 28, 2013 11:26am Mar 28, 2013 11:26am
Quoting Findus
hey JoeyTTU,

I just pay attention to EU / GU and sometimes AU cos those are the low spread pairs for me. and in the past I was struggling with
too many pairs and messed everything up, because I was jumping between too many pairs and forgot about stops and
entries.... and got a little confused with all that. and I think every pair is reacting in a different way, so the best way I
think is to start with just one or two pairs, backtest them and see how they react at those levels. as Sam said, you might
need a wider stop at some pairs. some...
Thanks!,

And I think that was one of my problems is I was maybe trying to focus on too many pairs at one time. Everyone tells me to backtest and I think I have,b ut I'm not sure what exactly that means? Also, what is your logic of why your SL is 2x as high as your TP?
To maximize your gains you must minimize your losses
  • #263
  • Mar 28, 2013 11:37am Mar 28, 2013 11:37am
quick peek @ Aud/jpy! long opportunity... what do yall think of that?
To maximize your gains you must minimize your losses
  • #264
  • Edited 12:14pm Mar 28, 2013 11:46am | Edited 12:14pm
I went long on it; TP:13 SL:22........well that was a trade gone bad; I should've seen that it was probably going to drop a level, but at the same time I was thinking that it would be a pivot point. :/
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To maximize your gains you must minimize your losses
  • #265
  • Mar 28, 2013 1:04pm Mar 28, 2013 1:04pm
That level is a range Joey (97.75-97.9). Enter where you like but I'd keep wider stops.
  • #266
  • Mar 28, 2013 1:05pm Mar 28, 2013 1:05pm
Nice trading Finuds.
  • #267
  • Edited 2:14pm Mar 28, 2013 2:01pm | Edited 2:14pm
Quoting JoeyTTU
Thanks!,

And I think that was one of my problems is I was maybe trying to focus on too many pairs at one time. Everyone tells me to backtest and I think I have,b ut I'm not sure what exactly that means? Also, what is your logic of why your SL is 2x as high as your TP?
JoeyTTU,

read these posts, it might explain you what my thinking behind my RiskReward and this method is. but if you have any further questions, don´t hesitate to ask.

http://www.forexfactory.com/showthre...00#post6445000

http://www.forexfactory.com/showthre...57#post6448357
  • #268
  • Mar 28, 2013 2:19pm Mar 28, 2013 2:19pm
my last trade today

trade #52

gbp/usd - short at resistance and RN

TP 13
SL 26
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  • #269
  • Mar 28, 2013 3:31pm Mar 28, 2013 3:31pm
/ hang in there, looks like your payday is coming Nice trade.
  • #270
  • Mar 28, 2013 3:44pm Mar 28, 2013 3:44pm
Quoting sam0182
/ hang in there, looks like your payday is coming Nice trade.
if that trade´s a winner, I´ll be breakeven today. had too losses today (my timezone). so, it´s ok. it definitely could be worse! how is your trading today?
  • #271
  • Mar 28, 2013 4:26pm Mar 28, 2013 4:26pm
OK, sounds good.

No trading today, I was awake for the first couple hours of London but it was dead. Looks like things got going just before NYC opened up which is when I head to work. Today's Japanese/Aussie session (early evening yesterday for me) was solid with the two aussie trades I posted.

The week is basically over though with the holiday...will be nice to take a break.
  • #272
  • Mar 29, 2013 1:20am Mar 29, 2013 1:20am
trade # 52

+13

woke up this morning and the trade just hit profit....
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  • #273
  • Mar 30, 2013 10:45am Mar 30, 2013 10:45am
+100 mate! congrats!
  • #274
  • Mar 31, 2013 1:24am Mar 31, 2013 1:24am
Quoting FX Alex
+100 mate! congrats!
yeah Alex! thanks mate!
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  • #275
  • Apr 2, 2013 4:15am Apr 2, 2013 4:15am
trade # 53

gbp/usd - long

TP 13
SL 26
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  • #276
  • Apr 2, 2013 4:20am Apr 2, 2013 4:20am
Quoting Findus
trade # 53 gbp/usd - long TP 13 SL 26 {image}
puh, right after posting price went straight down for about 20 pips in two minutes.... did I miss anything?...
looks like it´s going to be a looser....
  • #277
  • Apr 2, 2013 12:47pm Apr 2, 2013 12:47pm
trade #54

gbp/usd - long

TP 13
SL 26




trade# 53

-26
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  • #278
  • Apr 2, 2013 2:35pm Apr 2, 2013 2:35pm
Quoting Findus
puh, right after posting price went straight down for about 20 pips in two minutes.... did I miss anything?... looks like it´s going to be a looser....
I was trying to look for a way into that rip today, I was waiting up at yesterdays low (your red level), it never looked back.

Going to buy 1.5075, if that fails I'll look for the short retest of that level.

I had a down day too.
  • #279
  • Apr 2, 2013 4:03pm Apr 2, 2013 4:03pm
Quoting FX Alex
I was trying to look for a way into that rip today, I was waiting up at yesterdays low (your red level), it never looked back. Going to buy 1.5075, if that fails I'll look for the short retest of that level. I had a down day too.
I agree. next level is somewhere around 1.5075. I´m still in the trade of the level above and won´t do anything until I´m out. still hoping price will move up a bit after just going down the whole day without looking back...
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  • #280
  • Apr 2, 2013 11:56pm Apr 2, 2013 11:56pm
trade # 54

-26
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