Great stuff lately, lets keep it going
Money never sleeps...
My Trading General following Davit Pivot Strategy 2 replies
Bollinger Band Confluence Trading 16 replies
Confluence Trading Adventures 0 replies
Trading based on Confluence 20 replies
Confluence Trading 30 replies
DislikedLooking forward for August. My july is over 20% gain so looking to get the momentum to next month Goal is to get over 100k in 3yrs with 5k account with low leverage and small lots. What is going on with my positions.A lot actually.I went back to my favorite currency Canadian dollar. Shorting heavy on EC from 3640-60 now with 6positions however I would not mind for PA to go high to trigger my bigger shorts from 37-3750 Funny that my mind thinks totally different them most.I actually welcome being in the red at least temporarily. I may change TP to...Ignored
Disliked{quote} nothing better than having all your trades triggered, excitement building as they one by one step into the frey and become active. Great stuff lately, lets keep it goingIgnored
Disliked{quote} I'm studying your chart here Davit...Looks like you're pretty much trading the range here and have layered in your sell limits with the larger orders towards the upper end of the range? Do all of the orders have that same TP near 1.36 ?Ignored
Disliked{quote} Hey Davit...Cool. Also saw you went to Otis. I went to SCI_Arc. Here was a 'buy limit' I placed on Friday on the E/G...though this one was not filled by a pip or two, it was a good setup. I usually look for set ups with the trend but if I get a nice rejection off my weekly s/r I will look for an entry...like with this one. The dark blue lines indicate weekly s/r taken from the OHLC of recent weekly bars...( I picked this up from the 60minuteman, fantastic trader) So here, there was the nice pinbar off support followed by two nice bullish...Ignored
Disliked{quote} Stephan nice to see you buddy. I hope you got out of Oil shorts with good profit.I can't trade myself but I see it as great opportunity as well.Current spike up is caused by Egypt riots but that wont last long. RegardsIgnored
Disliked{quote} Yes thanks, got in and out twice but might have been better served just holding them instead of looking to close and add again. Its something im always caught undecided with. I have some more pending above 105 all the way to 108. i think it has already peaked on this one though.Ignored
Disliked{quote} Yes I love range trading.It has negative incantation at FF but I see range as opportunity since price is "boxed in" Present live orders 36 but higher once not triggered yet I have no TP yet.Usually I like to let my biggest legs run the longest.You have to watch PA.Sometimes all it takes one bad data. If you have website for your Artwork it would great to see it. regardsIgnored
Disliked{quote} Ah...ok. Yeah a range can be alright with limit orders...for me, too. So I am studying your chart here a bit further...still from your post 199. Rather than particular limit order placement, at a certain price...it looks more like you have laid out a 'field' of sell limits towards the upper end of the range. In the anticipation that price will fill all of those orders and find resistance towards the upper end of the range and then eventually return to support placing all of those 'sell limits' in profit...and quite possibly continue down...Ignored
DislikedClosed all my EC shorts +60pips at 3620 Very strong resistance plus we are in range so I will stack my limit shorts again for another roller coaster ride. Price is between those two green boxes. Placed my limit shorts again.If we can do it again then I will reach my goal without going anywhere price wise. {image}Ignored
DislikedPA hit my original TP had I waited 1hr more Patience!Still learning about Patience I am basically done for July profit +20.5% Looking forward for August {image}Ignored
Disliked{quote} Yeah...I saw that it kept breaking short for 25 pips or so. Great setup though. What are the little blue dashed line segments on your chart ? is that in indicator or do you place those yourself ?Ignored
Disliked{quote} You are correct and I do fibs as well but that's not the primary decision making. With my style of trading there will be times when you are simply wrong.Then I take a loss.I did take in June couple $200 losses on Aussie and Kiwi as you know it kept dropping.So I don't hold on irrationally allowing massive drawdown. It is very different then saying my SL is 50pips or 100pips.For me its rather has fundamental reasons of the trades change? if yes then all trade are closed no matter what that could be as little as 20pips as I did recently on...Ignored
Disliked{quote} That is an indicator for NY close price.I live in Boston so I set Eastern time zone-7 but you can set any time you like. For me and lot of traders true FX day starts 5pm NY close.So having those lines show is quick way to know which way is the day bias start and close from previous day. Looking for possible Kiwi long.But Waiting to see if 80 holds or breaks.Love to get positive swap on pairs while waiting. {file}Ignored
Disliked{quote} I see...and yes, the book. This is what I was thinking about. I have not finished the entire book yet but I see how he discusses order placement not as picking one particular price but more as a zone or range...like you have done here on these EC short trades. For these trades, the ones you closed today...did you use all 'sell limits'? or did you sell at market or place sell stops as well ? kind of like a combo ?Ignored