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Xandi mysterious Pyramid

  • #641
  • Jul 19, 2013 8:28pm Jul 19, 2013 8:28pm
Quoting Mr. Scott
{quote} Sure thing my friend, I have been thinking of building a pyramid of sorts on this one due to harmonic and potential, but tough to trade a monthly chart. Enjoy your vacation, looks beautiful.
itīs seems great! and also I mix price action on building the pyramid, so armonic can fit also!!! the most importat is, we become to have a plan...it takes back the stress on trading..at least, reduce a lot!!! once more, let me "salut" you: welcome!
http://www.hdwallpapersarena.com/wp-..._195113946.jpg
  • #642
  • Jul 19, 2013 10:52pm Jul 19, 2013 10:52pm
Quoting xandi
{quote} now you wait price drop near 30/50 pips from maximum and you buy again..that because we still are below Ich Cloud on daily!! ps: in this move, since itīs still not ended, I entered again in only a drop of 15/20 pips of previous maximum...letīs profit more!!!!!
Thanks for your hints!
I realized that I've learnt a very good money management strategy from you.
I will combine it with my entry strategy which is based on what I've learnt from 'Similarity' thread.
At least, I feel my trading plan is clearer now and I can't wait for next week to experiment

Have a nice vacation
  • #643
  • Edited 2:53pm Jul 21, 2013 9:40am | Edited 2:53pm
thank xixi!! itīs fair you use divergence to entry on trade, but take care to not break any Principal Rule, for example shorting AudUsd because you received an entry short term signal on your system...the Risk is prepared to be minimized on the Pyramid Rules...

Regarding trading, the W chart still valid on weekly, and cloud on daily is now very close (not so good for longs), so Iīm pointing 9320 at least this week...
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  • #644
  • Jul 21, 2013 1:41pm Jul 21, 2013 1:41pm
hey xandi,

this Asia session could be interesting! => JPY

weīll see!
just do it
  • #645
  • Edited 3:31pm Jul 21, 2013 3:20pm | Edited 3:31pm
AudNzd paying good!! take note itīs fullfill the requirements of approach to IchCloud...thanks Tomoney and PriceAction1
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  • #646
  • Jul 21, 2013 3:37pm Jul 21, 2013 3:37pm
Quoting xandi
AudNzd paying good!! take note itīs fullfill the requirements of approach to IchCloud...tanks Tomoney and PriceAction1 {image}
I am glad that you like it We should have our eyes opened and look for some other oportunities than audusd, but it is correct what you observed that moves on audusd are bigger than on audnzd.
  • #647
  • Jul 21, 2013 3:52pm Jul 21, 2013 3:52pm
you should study
AUD/CAD
AUD/CHF
AUD/JPY

all except A/CHF have better R&R than AUD/NZD
  • #648
  • Jul 21, 2013 4:00pm Jul 21, 2013 4:00pm
I had some trades on audcad but didn't look at audchf and audjpy last time. Thanks for call, I will check them
  • #649
  • Jul 21, 2013 4:08pm Jul 21, 2013 4:08pm
yap, still in love to Audusd, bought with TP 50 pips, after all, the previous maximum on friday was 9230, we are 50 pips below, and expecting approach to 9320, so perfect place to re-entry...
  • #650
  • Jul 21, 2013 4:14pm Jul 21, 2013 4:14pm
Quoting openyoureyes
you should study AUD/CAD AUD/CHF AUD/JPY all except A/CHF have better R&R than AUD/NZD
after a quick check, no-one of that pairs is so faraway from Ichcloud on daily/week than AudNZD..so just for start, today, audnzd is climbing up much more than any other Aud pair...and more volatily.
  • #651
  • Edited 4:42pm Jul 21, 2013 4:22pm | Edited 4:42pm

my broker thanks GOD it was demo!!(my SL was hit@ 1.1525)

http://charts.mql5.com/2/85/audnzd-m5-forextime-ltd.png
don't predict direction, but dance with flow of water
  • #652
  • Edited 5:24pm Jul 21, 2013 4:41pm | Edited 5:24pm
Quoting priceaction1
my broker thanks GOD it was demo!! {image}
you use SL!! in our case it would have worked with reinforcement!!

ps: going to pack the baggage, this week I will use reinforcements on 100 pips, 1st entrys TP 50 pips, I will reenter again 50 pips below previous max, and jump off Pyramid > BE on 25/50 pips.. enjoy!
  • #653
  • Jul 21, 2013 6:41pm Jul 21, 2013 6:41pm
Quoting xandi
yap, still in love to Audusd, bought with TP 50 pips, after all, the previous maximum on friday was 9230, we are 50 pips below, and expecting approach to 9320, so perfect place to re-entry...
got it? got the way of trading?
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  • #654
  • Jul 21, 2013 7:50pm Jul 21, 2013 7:50pm
Quoting xandi
{quote} got it? got the way of trading? {image}
AUDUSD TP hit...next, audnzd...
  • #655
  • Jul 22, 2013 2:15am Jul 22, 2013 2:15am
Great job xandi!
  • #656
  • Jul 22, 2013 4:07pm Jul 22, 2013 4:07pm
Anybody here? I still keep my trades on audnzd from last week. Built a two step pyramid and it doesn't want to make any bigger move to close it even on BE
  • #657
  • Jul 22, 2013 6:27pm Jul 22, 2013 6:27pm
Quoting Tomoney
Anybody here? I still keep my trades on audnzd from last week. Built a two step pyramid and it doesn't want to make any bigger move to close it even on BE
heyy brooo!!on vacation!! I warned you abouut neihbour curriencyes..itīs on first page...I didnīt put there by casuality!!good luck!
  • #658
  • Jul 22, 2013 7:44pm Jul 22, 2013 7:44pm
9320 and 9420 are the next step to audusd...
  • #659
  • Jul 24, 2013 5:50am Jul 24, 2013 5:50am
Quoting xandi
9320 and 9420 are the next step to audusd...
tp hit,+50 pips....reentered again...this tp was easy,look to daily chart..
Im on paradise algarve, hot&great beaches...
Where are you?im disapointing with your participation here...
  • #660
  • Jul 24, 2013 6:12am Jul 24, 2013 6:12am
Hey xandi,
I am preparing to my vacations this weekend but I still have my trades on audnzd in play. It looked good on charts, because it was far away from clouds but you were right with its bigest disadvantage: neigbour currencies like this gives small moves. They are so small in this case that it is difficult to close trades even on BE. I will keep them at the moment, but it is a good lesson for me and for other viewers not to make same mistake.

This night I made some money on our favourite currency - audusd I didn't post it because it is nothing special I think here. No pyramid, just a normal trade with profit I must think abput trade explorer after my free time

Besides this audnzd trades I reentered long audusd in the morning. Bought @ 92358 with standard TP of +30 pips. In bad case (what is in pyramid system a good case No.2) I have pending buy 90 pips lower, so let it go where it wants to be

Btw. what a sunny day in Poland
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