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  • #5,301
  • Jul 15, 2013 5:48am Jul 15, 2013 5:48am
Quoting Balhana
Bought GA @ 1.6551 and closed 2/3 @ 1.6596 for +90 pips. {image}
The remainder got stopped out @ 1.6606 for +55 pips (+145 pips).
  • #5,302
  • Jul 16, 2013 3:17am Jul 16, 2013 3:17am
Sold GJ @ 150.95 and closed all positions @ 150.50 for +135 pips. Wanted to close 2/3 but closed all by mistake.
Attached Image (click to enlarge)
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  • #5,303
  • Jul 16, 2013 3:22am Jul 16, 2013 3:22am
Sold GU @ 1.5122 and closed 2/3 @ 1.5080 for +64 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 0716GU15M01.png Size: 24 KB
  • #5,304
  • Jul 16, 2013 11:29am Jul 16, 2013 11:29am
Sold EJ @ 130.56
Attached Image (click to enlarge)
Click to Enlarge Name: 0716EJ5M01.png Size: 29 KB
  • #5,305
  • Jul 16, 2013 11:46am Jul 16, 2013 11:46am
Quoting Balhana
Sold EJ @ 130.56 {image}
Closed 2/3 @ 130.36 for +40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 0716EJ5M02.png Size: 29 KB
  • #5,306
  • Jul 16, 2013 12:23pm Jul 16, 2013 12:23pm
Sold NJ @ 78.355 and closed 2/3 for +40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 0716NJ5M01.png Size: 30 KB
  • #5,307
  • Jul 16, 2013 12:57pm Jul 16, 2013 12:57pm
Quoting Balhana
{quote} Closed 2/3 @ 130.36 for +40 pips. {image}
Closed the remainder of EJ @ 130.32 for +24 pips (+64 pips in total).
Attached Image (click to enlarge)
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  • #5,308
  • Jul 16, 2013 1:01pm Jul 16, 2013 1:01pm
Quoting Balhana
{quote} Closed the remainder of EJ @ 130.32 for +24 pips (+64 pips in total). {image}


Balhana,

In these cases where you have a bull trap, sometimes you wait for a retrace, other times you don't, could you please clarify why? What determines entry when there is no retrace?
  • #5,309
  • Jul 16, 2013 1:01pm Jul 16, 2013 1:01pm
Quoting Balhana
Sold NJ @ 78.355 and closed 2/3 for +40 pips. {image}
Closed the remainder of NJ for +15 pips (+55 pips in total). Calling it a day.
Attached Image (click to enlarge)
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  • #5,310
  • Jul 16, 2013 1:21pm Jul 16, 2013 1:21pm
Quoting 4Xfactor
{quote} Balhana, In these cases where you have a bull trap, sometimes you wait for a retrace, other times you don't, could you please clarify why? What determines entry when there is no retrace?
It depends on how price approaches bull trap. If there is a strong RBR demand on the way, then I wait and see how price approaches the RBR demand after touching the bull trap and then how it retraces. If price drops to RBR with strong momentum after touching bull trap and then retraces with weak momentum, then I enter short. If you think it is subjective, I agree.

In this case, the small RBR demand did not look strong to me, so I entered short as soon as price touched the bull trap.

EDIT: I wait for a retrace but no retrace? How could I enter in this case? I just miss it.
  • #5,311
  • Jul 16, 2013 1:26pm Jul 16, 2013 1:26pm
Quoting Balhana
{quote} It depends on how price approaches bull trap. If there is a strong RBR demand on the way, then I wait and see how price approaches the RBR demand after touching the bull trap and then how it retraces. If price drops to RBR with strong momentum after touching bull trap and then retraces with weak momentum, then I enter short. If you think it is subjective, I agree. In this case, the small RBR demand did not look strong to me, so I entered short as soon as price touched the bull trap.

Without wishing to request too much more of you, could you please elaborate on the next few charts, say the next 3 or 4 charts?

With thanks!
  • #5,312
  • Jul 16, 2013 10:17pm Jul 16, 2013 10:17pm
Balhana, are you using methods which are there in LJ's website or something more than that.

Thanks
  • #5,313
  • Jul 17, 2013 9:51pm Jul 17, 2013 9:51pm
Quoting ananthhh
Balhana, are you using methods which are there in LJ's website or something more than that. Thanks
LJ and I are S/D traders, so somewhat similar. Every trader is different even if you use the same set of rules, so somewhat different. You should try to see the good in each trader and to find what works for you.

My trading plan has been changed since I started, and I know (hope) it will always be evolving and improving.
  • #5,314
  • Jul 17, 2013 10:39pm Jul 17, 2013 10:39pm
Sold GU @ 1.5240 and closed 2/3 @ 1.5195 for +90 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 0718GU15M01.png Size: 41 KB
  • #5,315
  • Jul 17, 2013 11:29pm Jul 17, 2013 11:29pm
Quoting 4Xfactor
{quote} Without wishing to request too much more of you, could you please elaborate on the next few charts, say the next 3 or 4 charts? With thanks!
Watching EJ for a possible short.
Attached Image (click to enlarge)
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  • #5,316
  • Jul 18, 2013 3:31am Jul 18, 2013 3:31am
Quoting Balhana
Sold GU @ 1.5240 and closed 2/3 @ 1.5195 for +90 pips. {image}
The remainder got stopped out @ 1.5190 for +50 pips (+140 pips in total).
  • #5,317
  • Jul 18, 2013 4:44am Jul 18, 2013 4:44am
Quoting Balhana
{quote} The remainder got stopped out @ 1.5190 for +50 pips (+140 pips in total).
Thanks for the extra notes on your charts!
  • #5,318
  • Jul 18, 2013 7:59am Jul 18, 2013 7:59am
Sold GA @ 1.6590
Attached Image (click to enlarge)
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  • #5,319
  • Jul 18, 2013 8:14am Jul 18, 2013 8:14am
bal the color of your chart is very nice and clear , would you please share the sheme color or the template .
  • #5,320
  • Jul 18, 2013 8:28am Jul 18, 2013 8:28am
Quoting extremerrage
bal the color of your chart is very nice and clear , would you please share the sheme color or the template .
If it's not a joke.....
Attached Image (click to enlarge)
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