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  • #17,421
  • Apr 12, 2013 2:21am Apr 12, 2013 2:21am
Quoting emmanuel7788
EU 12 April TOK_5H breakout trade: Here is my trade taken ealrier took TP1 +20pips and BE trade for TP2. be prepared for reversal back UP... CONTINUATION trade. {image}
Becouse S/R at 1.30800 ??
JacekPreserve Precious Capital
  • #17,422
  • Apr 12, 2013 2:24am Apr 12, 2013 2:24am
Quoting thomi
emmanuel: managing trade? {image}

manage using APB...

note London was bullish last 4 days. Today is correction then market decide if EU will continue Upward.
If continue Upwards, it will re-enter Asian traded range and then break Asian high, that is where I look at PA for BUY later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,423
  • Apr 12, 2013 2:28am Apr 12, 2013 2:28am
Quoting emmanuel7788
EU 12 April TOK_5H breakout trade: Here is my trade taken ealrier took TP1 +20pips and BE trade for TP2. be prepared for reversal back UP... CONTINUATION trade. {image}
Hi, emmanuel .
I have also entered EU , I see that whenever the 8:00 4HR candle(which includes the london session) changes color , the whole day usually follows the same direction.I will also try to manage it , with what you said. Prepared for reversal . Thank you.
  • #17,424
  • Apr 12, 2013 2:28am Apr 12, 2013 2:28am
I TP in support S1 (1.3055)
Attached Image (click to enlarge)
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  • #17,425
  • Apr 12, 2013 2:35am Apr 12, 2013 2:35am
Thanks emmanuel ,
how to choose your stop on the trade?
I put my stop on the highest h4 35 pip and why you put 20 pip?
So TP is different
  • #17,426
  • Apr 12, 2013 2:45am Apr 12, 2013 2:45am
Quoting emmanuel7788
EU 12 April TOK_5H breakout trade: Here is my trade taken ealrier took TP1 +20pips and BE trade for TP2. be prepared for reversal back UP... CONTINUATION trade. {image}
It looks like you entry was taken watching M15 TF, isn't it..?? it gave you an extra 7 pips , changed SL from 22 pips to 15 pips, offering better possible R;R in trade...
JacekPreserve Precious Capital
  • #17,427
  • Apr 12, 2013 2:46am Apr 12, 2013 2:46am
Got my TP2, nice trade Thanks Emmanuel...
JacekPreserve Precious Capital
  • #17,428
  • Apr 12, 2013 2:58am Apr 12, 2013 2:58am
At the advice of emmanuel jackub and eel rules, decided to adjust my trade today instead of letting it hit stop. SL BE at 1.31 TP 1.304
  • #17,429
  • Apr 12, 2013 3:13am Apr 12, 2013 3:13am
Quoting emmanuel7788
EU 12 April TOK_5H breakout trade: Here is my trade taken ealrier took TP1 +20pips and BE trade for TP2. be prepared for reversal back UP... CONTINUATION trade.

http://www.forexfactory.com/attachme...7&d=1365750802

Hello Emmanuel,

I'm already in trade, enter after break out TOK 5H box.. I'm still confuse, can you show me what is the main reason you decide to take in trade too soon?

Thanks you,
Attached Image (click to enlarge)
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  • #17,430
  • Apr 12, 2013 3:23am Apr 12, 2013 3:23am
Quoting emmanuel7788
EU 12 April GMT0655: Frankie open candle pull back minutes before LO ... are you worried if you have open position?
I was looking at this trade earlier, thought id give you my thoughts...

Support around the 1.30500 level also help me make my decision not to sell, (also, im not too keen going against this weekly trend)
Attached Image (click to enlarge)
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Attached Image
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #17,431
  • Apr 12, 2013 3:31am Apr 12, 2013 3:31am
Quoting Downunder
I was looking at this trade earlier, thought id give you my thoughts... Support around the 1.30500 level also help me make my decision not to sell, (also, im not too keen going against this weekly trend) {image}
Your point of view is absolutely right for me , but as Emmanuel said many times you have to decide what type of trader you are.. scalper, intraday, swing, posision... and this decribe your approach to the market..
JacekPreserve Precious Capital
  • #17,432
  • Apr 12, 2013 3:36am Apr 12, 2013 3:36am
Hi all,

trying to understand this system, GPBUSD looks good to short, all conditions are met:
green croos red, last candle is red and looks quite big.
Do you think it's a good setup ?


  • #17,433
  • Apr 12, 2013 3:38am Apr 12, 2013 3:38am
Soory, forgot the graph...
Attached Image (click to enlarge)
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  • #17,434
  • Apr 12, 2013 3:39am Apr 12, 2013 3:39am
Quoting raster
Hi all, trying to understand this system, GPBUSD looks good to short, all conditions are met: green croos red, last candle is red and looks quite big. Do you think it's a good setup ? {image} {image}
your picture can not be opened, system say to large file....
JacekPreserve Precious Capital
  • #17,435
  • Apr 12, 2013 3:44am Apr 12, 2013 3:44am
Tried scalping with futures and stocks, now i perfer sitting back and for looking for set ups for swing trades, this is best as i work full time. I try and set up trades for intraday (this works well for me after i finish work for a few hrs, before i get ear ache from the wife) with BE and trailing stops and occasionally they run for a few days.
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #17,436
  • Apr 12, 2013 3:47am Apr 12, 2013 3:47am
Quoting raster
Soory, forgot the graph...{image}
This signal looks good for me , there is even bearish divergency on Stochastic, it might work
JacekPreserve Precious Capital
  • #17,437
  • Apr 12, 2013 3:50am Apr 12, 2013 3:50am
Quoting Downunder
Tried scalping with futures and stocks, now i perfer sitting back and for looking for set ups for swing trades, this is best as i work full time. I try and set up trades for intraday (this works well for me after i finish work for a few hrs, before i get ear ache from the wife) with BE and trailing stops and occasionally they run for a few days.
Sounds great, nice plan...
JacekPreserve Precious Capital
  • #17,438
  • Apr 12, 2013 3:52am Apr 12, 2013 3:52am
Quoting Pervis
Hello Emmanuel, I'm already in trade, enter after break out TOK 5H box.. I'm still confuse, can you show me what is the main reason you decide to take in trade too soon? Thanks you, {image}
Hello Pervis,

IMHO I think that Emmanuel did bounce trade. So As you can see he just took the trade at the candle that bounced. So it was not that quickly.
BTW: Emmanuel trusts this method so he knows than if this one does not go right, next 5 trades will.

Just my opinion.
Regards,
Philip
  • #17,439
  • Apr 12, 2013 4:01am Apr 12, 2013 4:01am
Quoting Jackub
This signal looks good for me , there is even bearish divergency on Stochastic, it might work
Thanks for your answer. Even if i'm trading on a demo account, i'm always having doubts...
  • #17,440
  • Apr 12, 2013 4:06am Apr 12, 2013 4:06am
Quoting raster
Thanks for your answer. Even if i'm trading on a demo account, i'm always having doubts...
eliminate doubts, emotions are the harder parts of traiding for me, I am still not free of them....
JacekPreserve Precious Capital
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