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Criticize/Approve My Trade Set-up With Your Trading Analysis

  • #1
  • First Post: Aug 14, 2013 12:30pm Aug 14, 2013 12:30pm
This thread would serve for trader who want to share their Trade Set-up ( Pending Orders ONLY! ) for other trader to criticized/approved or provide different view regarding the trade.
Trader should criticize or provide different view in focus of Technical aspect.
Set-up should be from H1 and above time frame no scalping set-up!
For Traders post your chart showing your trade set-up
Provide your ENTRY LEVEL, STOP LOSS, TAKE PROFIT levels and let other trade CRITICIZED/APPROVED YOUR SET-UP!


This is my Trade Set-up (EUR/USD)

Attached Image (click to enlarge)
Click to Enlarge Name: trade1.png Size: 28 KB


PENDING BUY ENTRY: 1.3280
STOP LOSS : 1.3228
TAKE PROFIT : 1.34
"I made money every time you place your Stop loss too close to ME"
  • #2
  • Aug 14, 2013 3:45pm Aug 14, 2013 3:45pm
Quoting Masterm1nd
This thread would serve for trader who want to share their Trade Set-up ( Pending Orders ONLY! ) for other trader to criticized/ This is my Trade Set-up (EUR/USD) PENDING BUY ENTRY: 1.3280 STOP LOSS : 1.3228 TAKE PROFIT : 1.34
//-----

far be it from me to criticize anyone trades....... your trade above might be right...... and mine might be wrong......

to hit your profit target, the eurusd must break a double top on the daily chart..... with the daily macd, awesome, stoch and more falling, not to mention being under the psar, 10 & 20 ma's, you might get your chance to buy at 1.328.....

so this would appear to be a trade against the daily trend......h
to trade and code, keep both simple... no call to impress....h
  • #3
  • Aug 14, 2013 4:46pm Aug 14, 2013 4:46pm
Buy entry @3280 or @3180?? or you mean to say buy stop @ 3280?
When Scalpers win, I lose and Vice varsa...
  • #4
  • Aug 14, 2013 6:24pm Aug 14, 2013 6:24pm
What's your reasoning to long the Euro against the Usd? Do you think Fed tapering will be less significant than the market hopes for? Or data stating that the EU is out of the 'recession'?
  • #5
  • Aug 14, 2013 7:28pm Aug 14, 2013 7:28pm
I'm afraid I'm going to rain on your parade. The idea of basically asking for approval for your trades is not the best. It clearly sounds like your are looking for something in this business that does not exist. Certainty. If enough people approve of your trade set up, does that mean it will work? Likewise if enough people disapprove of your set up does that mean it will not work?

No one will be correct all of the time, nor will they be wrong all of the time. Your set up is YOUR set up. The only thing that polling will do is confuse your more and make you think you are doing something wrong. If you want a mass opinion on whether to trade long the EUR/USD look at the "Positions/Live Accounts" on the home page.

It would serve you far more to identify and define your "set up" then gather data on that same set up over several years and work out the probability of success. If you have a high probability of success using this set up, then, WHO CARES what anyone else thinks. You have a data that shows a greater chance of success then failure. Further, just because your set up presents as you have defined it, does not mean it will work out every time. After the fact you can find a ton of reasons why, but in the moment you must always rely on your set up rules and execution criteria. Many people put these things all together and call them a "trading plan".

Trading by popular polling will not work...but I will follow this thread for awhile...If I see what I imagine I will, I'll use to for a fade entry.
  • #6
  • Aug 14, 2013 8:35pm Aug 14, 2013 8:35pm
Quoting gspajon
The idea of basically asking for approval for your trades is not the best. It clearly sounds like your are looking for something in this business that does not exist. If enough people approve of your trade set up, does that mean it will work? Likewise if enough people disapprove of your set up does that mean it will not work? No one will be correct all of the time, nor will they be wrong all of the time.T[highlight=#f4f6f9][color=#000000][font=Verdana]he only thing that polling will do is confuse your more and make you think you are doing something...
Asking for approval for my trade is not the best? YES!
It clearly sounds like your are looking for something in this business that does not exist? We all are and that makes as Traders!
If enough people approve of your trade set up, does that mean it will work? NO!
No one will be correct all of the time, nor will they be wrong all of the time. Yes!But not everyone can be right and wrong at the same time .
The only thing that polling will do is confuse you more and make you think you are doing something wrong.
Maybe/ yes but it can do something right to!

I will follow this thread for awhile...If I see what I imagine I will, I'll use to for a fade entry.
Thank you for following I want to hear more from you .
"I made money every time you place your Stop loss too close to ME"
  • #7
  • Aug 14, 2013 8:35pm Aug 14, 2013 8:35pm
Quoting hayseed
{quote} to hit your profit target, the eurusd must break a double top on the daily chart..... with the daily macd, awesome, stoch and more falling, not to mention being under the psar, 10 & 20 ma's, you might get your chance to buy at 1.328..... so this would appear to be a trade against the daily trend......h
Yes you seems right with regard with the trade against the daily trend. By the way thanks for the insight!

Quoting Goldflake
Buy entry @3280 or @3180?? or you mean to say buy stop @ 3280?

Buy Stop!


Quoting EmeraldEyes
What's your reasoning to long the Euro against the Usd? Do you think Fed tapering will be less significant than the market hopes for? Or data stating that the EU is out of the 'recession'?

I am not really good at Fundamental but my answer would be YES/YES
"I made money every time you place your Stop loss too close to ME"
  • #8
  • Aug 14, 2013 9:44pm Aug 14, 2013 9:44pm
Chart Update!

Attached Image (click to enlarge)
Click to Enlarge Name: trade2.png Size: 27 KB



What do you think? give your opinion!
"I made money every time you place your Stop loss too close to ME"
  • #9
  • Aug 14, 2013 10:41pm Aug 14, 2013 10:41pm
I think 1.33 will cap the upside and 1.32 the downside. May see a break of the range if US unemployment and CPI numbers are far from forecast.
  • #10
  • Aug 15, 2013 2:54am Aug 15, 2013 2:54am
Quoting EmeraldEyes
I think 1.33 will cap the upside and 1.32 the downside. May see a break of the range if US unemployment and CPI numbers are far from forecast.
1.33 level is really significant I would close the trade if losing or break even before the news event. F**k my Broker gave me a 3 spread for EUR/USD for my ENTRY...
"I made money every time you place your Stop loss too close to ME"
  • #11
  • Aug 15, 2013 3:02am Aug 15, 2013 3:02am
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.png Size: 34 KB


I am currently looking so short EUR/JPY what do you think guys? ANY Entry level you have in mind?
"I made money every time you place your Stop loss too close to ME"
  • #12
  • Aug 15, 2013 3:36am Aug 15, 2013 3:36am


Attached Image (click to enlarge)
Click to Enlarge Name: trade4.png Size: 33 KB
"I made money every time you place your Stop loss too close to ME"
  • #13
  • Aug 15, 2013 5:36am Aug 15, 2013 5:36am
Quoting Masterm1nd
What do you think? give your opinion!
//----

we'll know more in a couple of hours...... some potential market moving numbers due out then......h
to trade and code, keep both simple... no call to impress....h
  • #14
  • Aug 15, 2013 6:43am Aug 15, 2013 6:43am
Quoting hayseed
{quote} //---- we'll know more in a couple of hours...... some potential market moving numbers due out then......h
Then your opinion would be based on the outcome of the set-up!!. I would really love to hear traders with contradicting/same views with the set-up before it materialize. But then again opinion based on the outcome of the set-up wouldn't be too bad .
"I made money every time you place your Stop loss too close to ME"
  • #15
  • Aug 15, 2013 9:03am Aug 15, 2013 9:03am
my opinion of your post 8, "will market retest this level", was limited due to the data to be released.... in reaility it was a 50 50 shot......

my opinion, which could very well be wrong, of the eurusd is based on the daily trend......

and so are my open trades......h
//----
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 8 15.png Size: 53 KB
to trade and code, keep both simple... no call to impress....h
  • #16
  • Aug 15, 2013 9:16am Aug 15, 2013 9:16am
Quoting hayseed
my opinion of your post 8, "will market retest this level", was limited due to the data to be released.... in reaility it was a 50 50 shot...... my opinion, which could very well be wrong, of the eurusd is based on the daily trend...... and so are my open trades.....
I was lucky to go out with the trade with Break even . I really hate news , but then again that how market works.. So it did retest the level for EUR/USD and market news went out and market goes downward forever .


Trade Set update!
Eur/JPY (Head and Shoulder pattern) is still intact. From my point of view!
GBP/AUD : It went up,up,up and away it did not even wait for me. I really hate it especially when it gives 200+pips .
"I made money every time you place your Stop loss too close to ME"
  • #17
  • Aug 15, 2013 12:53pm Aug 15, 2013 12:53pm
Do you know why Gbp rallied earlier today? You'll have to follow the market and how traders are positioned to know where price is going to go.
  • #18
  • Aug 15, 2013 1:03pm Aug 15, 2013 1:03pm
Quoting EmeraldEyes
Do you know why Gbp rallied earlier today? You'll have to follow the market and how traders are positioned to know where price is going to go.
No! I am a technical trader I really am not much of the fundamental, I always stay away from it especially when news comes out.
You'll have to follow the market and how traders are positioned to know where price is going to go. Yes! That what we do as a trader however my trading style/system does not provide me any reasonable entry so I stick to my Trading Plan.
"I made money every time you place your Stop loss too close to ME"
  • #19
  • Aug 15, 2013 1:22pm Aug 15, 2013 1:22pm
The UK's retail sales numbers beat expectations with a jump of 1.1% compared to the priced in .7% as that was the only major Gbp news today.

I've never actually heard of a successful trader that doesn't have time to follow the market but draws lines on historic price charts. Good luck!
  • #20
  • Last Post: Aug 16, 2013 10:10am Aug 16, 2013 10:10am
Quoting Masterm1nd
This thread would serve for trader who want to share their Trade Set-up ( Pending Orders ONLY! ) for other trader to criticized/approved or provide different view regarding the trade. Trader should criticize or provide different view in focus of Technical aspect. Set-up should be from H1 and above time frame no scalping set-up! For Traders post your chart showing your trade set-up Provide your ENTRY LEVEL, STOP LOSS, TAKE PROFIT levels and let other trade CRITICIZED/APPROVED YOUR SET-UP! This is my Trade Set-up (EUR/USD) {image} PENDING BUY ENTRY:...
Dude, you told me you know the "secret" of the market and yet you're still using trendlines?
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