Also, Is this a good setup?
Thank you
Thank you
- #22,903
- Aug 9, 2013 12:53am Aug 9, 2013 12:53am
i am the lord that giveth thee power to create wealth.
- #22,904
- Aug 9, 2013 1:25am Aug 9, 2013 1:25am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,089 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #22,905
- Aug 9, 2013 1:40am Aug 9, 2013 1:40am
I'm in on EJ & UJ currently. EJ - +56 UJ - +43 Not looking to close yet since both just passed the prev day low {image} {image}
Hey just noticed this and thought id let you know.. EJ and UJ are pretty highly correlated pairs, meaning they tend to do the same thing (you can see from your charts yourself).. Might be easier just to choose one of those pairs and trade that instead of essentially doubling your risk on each trade.. (if one losses the other one most likely will too).. Of course if one wins the other should too, but i guess it would just be easier to trade one of the pairs to make sure your not putting too much risk on.. just a thought trying to help out
josh
nollej is power..
- #22,909
- Aug 9, 2013 3:54am Aug 9, 2013 3:54am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Made 6 trade this week
All H charts , except one 4h, and one D
5 loosers
1 winner
Followed the rules...
Luckily I was risking (literally) 1 Euro per trade..
Obviously it takes much more than a signal...though i did consider aspects like trendline, SR, etc...Never ever made it to BE on the loosers...
Flipping a coin would have done better...
Don´t want to bombard the thread, just posting my experience.
All the best...
All H charts , except one 4h, and one D
5 loosers
1 winner
Followed the rules...
Luckily I was risking (literally) 1 Euro per trade..
Obviously it takes much more than a signal...though i did consider aspects like trendline, SR, etc...Never ever made it to BE on the loosers...
Flipping a coin would have done better...
Don´t want to bombard the thread, just posting my experience.
All the best...
- #22,911
- Aug 9, 2013 4:23am Aug 9, 2013 4:23am
Made 6 trade this week All H charts , except one 4h, and one D 5 loosers 1 winner Followed the rules... Luckily I was risking (literally) 1 Euro per trade..
Don’t ever let someone tell you that you can’t do something.
- #22,912
- Aug 9, 2013 5:24am Aug 9, 2013 5:24am
Someone had the evil project to become a clone of Phx62 .. Wasn't a bad idea, if you have the choice to become like one of the traders here why not the best ? I like the 4H trading, but is somethimes to slow, so why not open my 4H trades and meanwhile concentrate on E/J 1H.
First attempt today. Opened a long 1 hour before LO. Felt the momentum was gone so closed for + 1,5 - 2 pips. Went away to study a bit. Came back to see a little short opportunity presented itself but was allready to far from good entry price
At the moment of writing would have been +20 so stop would have been at BE. Would have, could have, should have. :nerd:
Happy trading
I like the 4H trading, but is somethimes to slow, so why not open my 4H trades and meanwhile concentrate on E/J 1H.First attempt today. Opened a long 1 hour before LO. Felt the momentum was gone so closed for + 1,5 - 2 pips. Went away to study a bit. Came back to see a little short opportunity presented itself but was allready to far from good entry price
At the moment of writing would have been +20 so stop would have been at BE. Would have, could have, should have. :nerd:Happy trading
Don’t ever let someone tell you that you can’t do something.
- #22,913
- Aug 9, 2013 5:51am Aug 9, 2013 5:51am
Armacom, I've not taken the long trade that you posted in EJ because the price can not pass through the last H4 high, that is just a little above the yesterday's high. In fact I placed a pending order there that obv has not trigered. You can see it in the graf, it's the little green horizontal line that i have drawn.
Now, i have not entered the short trade that seems good because I was out
. The price can not go above the yesterday's high and now it's going down.... but I have one question about this trade, which do you think is the right point to enter this short trade? Maybe just after the close of the first red candle? Maybe after the price drops below the low of the current london session (orange box)? too late perhaps?? I'm sure phx is able to find an agressive entry but i don't know how....
In the graf there are some indicators and line that are not part of this system. sorry if it is a little bit confusing....
Now, i have not entered the short trade that seems good because I was out
. The price can not go above the yesterday's high and now it's going down.... but I have one question about this trade, which do you think is the right point to enter this short trade? Maybe just after the close of the first red candle? Maybe after the price drops below the low of the current london session (orange box)? too late perhaps?? I'm sure phx is able to find an agressive entry but i don't know how....In the graf there are some indicators and line that are not part of this system. sorry if it is a little bit confusing....
- #22,916
- Aug 9, 2013 7:13am Aug 9, 2013 7:13am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
Made 6 trade this week All H charts , except one 4h, and one D 5 loosers 1 winner Followed the rules... Luckily I was risking (literally) 1 Euro per trade..
