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  • #5,361
  • Jul 30, 2013 10:20am Jul 30, 2013 10:20am
Quoting keroro0o0o
{quote} Superb trade Balhana. I took a short, but was a pre-emptive strike, and got stopped out by the bull trap. {image} Just a note for you (since u're holding). DX is at a clean SR flip and supply level. Maybe see some dollar's weakness here. {image}
Thanks for the note. Just moved SL to BE+12 (above WE).

Take a look at the chart below to see how/why I entered this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 0730EU30M03.png Size: 68 KB
  • #5,362
  • Jul 30, 2013 10:26am Jul 30, 2013 10:26am
Quoting Balhana
{quote} Thanks for the note. Just moved SL to BE+12 (above WE). Take a look at the chart below to see how/why I entered this trade. {image}
Hi Balhana,


Thanks alot for the notes. Makes perfect sense to wait for lower time frames PA/engulfs before taking a trade off that level since it was pretty much an exhausted supply. Good trade!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #5,363
  • Edited 8:44pm Jul 30, 2013 8:17pm | Edited 8:44pm
Attachment
Quoting Balhana
{quote} Closed the remainder for +110 pips (+305 pips in total). The second chart was my plan before this trade. {image} {image}
Bought GN and closed 2/3 for +150 pips. GN has been moving so far exactly as I expected, but didn't fully get profits from its move.

Don't feel comfortable with mobile trading....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0731GN1H01.png Size: 54 KB
Click to Enlarge Name: 0728GN1H01.png Size: 30 KB
  • #5,364
  • Jul 30, 2013 9:06pm Jul 30, 2013 9:06pm
Quoting Balhana
1243834 {quote} Bought GN and closed 2/3 for +150 pips. GN has been moving so far exactly as I expected, but didn't fully get profits from its move. Don't feel comfortable with mobile trading.... {image} {image}
Good job Balhana. Only screen time + proper knowledge in PA & SD trading is capable giving the edge like you have.

Keep it up!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #5,365
  • Jul 30, 2013 9:56pm Jul 30, 2013 9:56pm
Great job Balhana! I wish I had the ability to see it as quickly as you do on so many pairs...my pee sized brain sticks to just the USD pairs/majors. Congrats to the hard work and success!

Keroro0o0o Ill catch up with ya later....
DM if you have any questions
  • #5,366
  • Jul 31, 2013 12:41am Jul 31, 2013 12:41am
Quoting keroro0o0o
{quote} Superb trade Balhana. I took a short, but was a pre-emptive strike, and got stopped out by the bull trap. {image} Just a note for you (since u're holding). DX is at a clean SR flip and supply level. Maybe see some dollar's weakness here. {image}
Really should have expected price to hit the 1.3300 area before any drop there. In fact the BO to 1.3300 was a trade opportunity within itself before the FB reversal.
  • #5,367
  • Jul 31, 2013 12:51am Jul 31, 2013 12:51am
Quoting lovejoy80
{quote} Really should have expected price to hit the 1.3300 area before any drop there. In fact the BO to 1.3300 was a trade opportunity within itself before the FB reversal.
I hear you LJ. In fact my SL was 1.3302, and it was hit to the pip. Well, was a good lesson, and learnt to give price alil more breathing room. just a little.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #5,368
  • Jul 31, 2013 7:26am Jul 31, 2013 7:26am
Quoting Balhana
1243834 {quote} Bought GN and closed 2/3 for +150 pips. GN has been moving so far exactly as I expected, but didn't fully get profits from its move. Don't feel comfortable with mobile trading.... {image} {image}
The remainder got stopped out @ BE, but re-entered long and closed 2/3 for +126 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0731GN1H01.png Size: 33 KB
Click to Enlarge Name: 0731GN15M01.png Size: 30 KB
  • #5,369
  • Jul 31, 2013 7:55am Jul 31, 2013 7:55am
Quoting Balhana
{quote} The remainder got stopped out @ BE, but re-entered long and closed 2/3 for +126 pips. {image} {image}
Very difficult to read PA at the moment....
Attached Image (click to enlarge)
Click to Enlarge Name: 0731GN15M02.png Size: 25 KB
  • #5,370
  • Jul 31, 2013 10:27am Jul 31, 2013 10:27am
Quoting Balhana
{quote} Very difficult to read PA at the moment.... {image}
Not yet moved SL to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 0731GN1H02.png Size: 26 KB
  • #5,371
  • Jul 31, 2013 6:36pm Jul 31, 2013 6:36pm
Quoting Balhana
{quote} Not yet moved SL to BE. {image}
Hit TP2 for +110 pips. (+236 pips in total).
Attached Image (click to enlarge)
Click to Enlarge Name: 0801GN15M01.png Size: 30 KB
  • #5,372
  • Aug 1, 2013 6:45am Aug 1, 2013 6:45am
Quoting Balhana
{quote} Hit TP2 for +110 pips. (+236 pips in total). {image}
GN shot up while I was wavering because of rather big stop. In the last longest step of my expectation...
Attached Image (click to enlarge)
Click to Enlarge Name: 0831GN1H01.png Size: 50 KB
  • #5,373
  • Aug 1, 2013 8:06am Aug 1, 2013 8:06am
Sold AU and closed 2/3 for +70 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0801AU15M01.png Size: 19 KB
Click to Enlarge Name: 0801AU15M02.png Size: 17 KB
  • #5,374
  • Aug 1, 2013 8:35am Aug 1, 2013 8:35am
Quoting Balhana
Sold AU and closed 2/3 for +70 pips. {image} {image}
Brilliant trading as always. Learned a lot from your charts.

"All good things come to those who wait"
The purpose of knowledge is action, not knowledge
  • #5,375
  • Aug 1, 2013 8:41am Aug 1, 2013 8:41am
Quoting Balhana
Sold AU and closed 2/3 for +70 pips. {image} {image}
Was I too greedy? I can't check LTF data (history) left. Anyone who can help?
Attached Image (click to enlarge)
Click to Enlarge Name: 0801AU15M03.png Size: 23 KB
  • #5,376
  • Aug 1, 2013 9:03am Aug 1, 2013 9:03am
Quoting Balhana
{quote} Was I too greedy? I can't check LTF data (history) left. Anyone who can help? {image}
How can I increase this number?
Attached Image
  • #5,377
  • Aug 1, 2013 9:08am Aug 1, 2013 9:08am
Quoting Balhana
{quote} How can I increase this number? {image}

Tools -> History center -> Select pair, and download history data.


Some brokers have the data, some not. Hope urs has.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #5,378
  • Aug 1, 2013 9:21am Aug 1, 2013 9:21am
Quoting keroro0o0o
{quote} Tools -> History center -> Select pair, and download history data. Some brokers have the data, some not. Hope urs has.
Thanks a lot, Keroro!! Let me try later.
  • #5,379
  • Aug 1, 2013 9:44am Aug 1, 2013 9:44am
Quoting Balhana
{quote} Thanks a lot, Keroro!! Let me try later.
My broker has no data.

Closed the remainder for +50 pips. (+120 pips in total)
Attached Image (click to enlarge)
Click to Enlarge Name: 0801AU15M05.png Size: 18 KB
  • #5,380
  • Aug 1, 2013 9:50am Aug 1, 2013 9:50am
Quoting Balhana
Sold AU and closed 2/3 for +70 pips. {image} {image}
Hi Balhana, I've been a silent observer of your trades for some time and have been really impressed at the high degree of accuracy and precise timing of your trades. If you don't mind could I start asking you questions as there are so many of your trades which I can't really understand and I feel there is a lot I can learn from you.

Regarding your AU trade, I'm guessing you're trading it as a bearish engulfing bar in the zone with compression leading up to it. However, the bar was not closed yet and it could have closed higher up and thus not be a bearish engulfing bar. Price could also have continued to compress upwards deeper into the zone even if we get a bearish engulfing bar, considering the zone has already been tested once on a prior spike. In fact I noticed you were shorting into a M15 minor demand zone, albeit a weak one. Given those factors, what gave you the confidence that price will drop from where you shorted?

Oh and congrats on the great trade
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