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Simple Setups To Trade

  • #201
  • Jun 5, 2013 2:39am Jun 5, 2013 2:39am
choppy action on the gb/nz!!

still in thanx to them lows providing support. moved my stop up as i dont see the point in trying to get lucky if price breaks down again...i need that 1.9100 to hold up to still want to be in. if not there will be other chances...
jon

EDIT: stopped out on the NZ/CAD. free trade so no probs.
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PATIENCE... DISCIPLINE
  • #202
  • Jun 5, 2013 2:43am Jun 5, 2013 2:43am
Quoting Winston Reed
UJ looks interesting {image}
I had my TL like this (see chart) and i think this is one of the would have been loosers. good example.


jon
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  • #203
  • Jun 5, 2013 5:03am Jun 5, 2013 5:03am
Quoting g_j_hook@yah
choppy action on the gb/nz!! still in thanx to them lows providing support. moved my stop up as i dont see the point in trying to get lucky if price breaks down again...i need that 1.9100 to hold up to still want to be in. if not there will be other chances... jon EDIT: stopped out on the NZ/CAD. free trade so no probs. {image}
just hit +200, not bad for a 40pip SL. Hope this continues to run....
PATIENCE... DISCIPLINE
  • #204
  • Jun 5, 2013 12:10pm Jun 5, 2013 12:10pm
There was a chance to add to my possition today but was away from my comp. Price breaks through res. and retraced back. As offten happens it became sup. and a nice strong break would have had me in. Watching the 1.9300 level now for suport if price comes back down?? Got my stop well away now. with 100+ locked and profits already taken i am treating my SL as a longer term trade management. This is one of the benifits of this setup, your gonna catch a runner now and again(with carefull management) and when you do it will give you great R:R and the patience to wait for the the best ones.

jon
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  • #205
  • Jun 6, 2013 3:45am Jun 6, 2013 3:45am
added to my possition last night. took a touch trade on the retest of 1.9300. This is something i am currently looking into, it is basically a copy of Wizards method. i would recomend anyone to read his thread. I will post my ideas in a little while. All is needed is a decent understanding of PPZ.....


lets see if this level holds out today. SL at BE as not willing to give pips away on this style of entries jus yet....


happy hunting

jon
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  • #206
  • Jun 6, 2013 6:27am Jun 6, 2013 6:27am
After no suprises from the gb news felt id try and ride the current momentun. i maybe entered a little early..lets see.


GB/NZ....SL moved to under the 1.9300 level locking in +220, thats an R:R of over 5:1 with the full position.

jon
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  • #207
  • Jun 6, 2013 6:31am Jun 6, 2013 6:31am
Two retest touch trades i am trying.....I will go into this later..
lets see wot happens?...


jon
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  • #208
  • Jun 6, 2013 6:34am Jun 6, 2013 6:34am
1 to watch...


jon
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  • #209
  • Jun 6, 2013 6:42am Jun 6, 2013 6:42am
Quoting g_j_hook@yah
After no suprises from the gb news felt id try and ride the current momentun. i maybe entered a little early..lets see. GB/NZ....SL moved to under the 1.9300 level locking in +220, thats an R:R of over 5:1 with the full position. jon {image} {image}
With half decent trade,money and risk management coupled with a decent understanding of PPC and maybe a little experience on your charts this method is proving very profitable. Try and look at how the price is retracing, is it a quick retrace or is it price exhaustion. where as price come from and where is it headed. Is it in a trend or ranging. is it likely to run or is it better to take full profits at the FTA.... These factor are prooving to be the most important for me in making this work.

my account is floating + 17% for the week, maybe 8-10% locked in..

jon
PATIENCE... DISCIPLINE
  • #210
  • Jun 6, 2013 6:42am Jun 6, 2013 6:42am
Hi...
Simple and effective....often forgotten
Don't worry...I',m in
i worshipped... Momentum
  • #211
  • Jun 6, 2013 6:44am Jun 6, 2013 6:44am
Quoting rockrobb
Hi... Simple and effective....often forgotten Don't worry...I',m in

PATIENCE... DISCIPLINE
  • #212
  • Jun 6, 2013 4:43pm Jun 6, 2013 4:43pm
Quoting g_j_hook@yah
After no suprises from the gb news felt id try and ride the current momentun. i maybe entered a little early..lets see. jon {image} {image}
got out with a small win (maybe the spread price lol), could see the lack of momentum and bad timing

jon
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  • #213
  • Jun 6, 2013 4:48pm Jun 6, 2013 4:48pm
Quoting g_j_hook@yah
Two retest touch trades i am trying.....I will go into this later.. lets see wot happens?... jon {image} {image}
jumped out of both cos of lack of momentum. small loss and smaller win. its typical that on the au/yen trade price did go my way but i still think i made the best decision...?



jon
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  • #214
  • Jun 6, 2013 4:52pm Jun 6, 2013 4:52pm
new high on gb/nz, hopefully a good omen...1.9300 looks pretty good for now anyway


jon
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  • #215
  • Jun 6, 2013 4:58pm Jun 6, 2013 4:58pm
Quoting g_j_hook@yah
1 to watch... jon {image}

Hit the FTA so should av been a BE trade or small profit....

jon
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  • #216
  • Edited 5:26pm Jun 6, 2013 5:01pm | Edited 5:26pm
Notice in almost all my charts that once price breakes a high it becomes res. ,or the res. forms at the break price. this is easy to see but very hard to be confident about with real money and real decisions. check out your charts.....get rid of the indicators TLS and everyting else untill you see it is about PPZs !! They can have there place but i firmly believe they come second. if a TL has significance i would bet it is at a PPZ (or are defining a patern).....etc. Round Numbers (RN) and Big Round Numbers (150, 160 etc) (( BRN)) also play a big part in the PPZs...Yoiu only have to check out the eu/gb chart to see that.
mine is not to wonder why but figure out how to capitalize on it!


jon


EDIT: maybe i should rename the thread jus Simple Trading ?? Jus found out it is too late to do so .....
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  • #217
  • Jun 6, 2013 5:39pm Jun 6, 2013 5:39pm
I would like to enforce a point i have made earlier......


jon
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  • #218
  • Jun 6, 2013 11:39pm Jun 6, 2013 11:39pm
A little break-retest i scalped this mornin that worked out well. price didnt go against me at all, not 1 pip. wish this was so always lol, no stop trading, now theres a good RR



jon
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  • #219
  • Jun 6, 2013 11:47pm Jun 6, 2013 11:47pm
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  • #220
  • Jun 6, 2013 11:52pm Jun 6, 2013 11:52pm
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