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Still Basketting

  • #5,381
  • Sep 3, 2013 10:01am Sep 3, 2013 10:01am
weak USD coming up...also a strong candle reversal pattern on the UJ...weak USD will push the EU, GU up....but a weak USD wld also drop the UJ, pushing the yen pairs down....sticking to the USD pairs for now..
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It is possible to make large sums trading, small losses, large wins
  • #5,382
  • Sep 3, 2013 10:13am Sep 3, 2013 10:13am
Closed my Long and entered short on 4hr TF around 4 hours back. Still at work and cannot access my platform anymore as too many people in my office. Still an hour to go before I can reach home.
I should never do this again
Faith with Action
  • #5,383
  • Sep 3, 2013 10:46am Sep 3, 2013 10:46am
Trading is a probability business.
Even you put tons of hours for a set up and it still can turn sour..
You can win and you can lose too.
It is your job to minimize your loss and maximize your win.
You will follow set of rules that will help you on the winning sides most of the time.
cut your losses short and let your profit run
  • #5,384
  • Sep 3, 2013 10:52am Sep 3, 2013 10:52am
Quoting nisha4x
gosh..i hope I have not hijacked this thread..where is KOS.

Nope, you are cool.

am here!!
for the week so far: I have closed the LONG @+850 pips and now SHORT from the red arrow and still holding it.

as omadivi has pointed out in his analysis, if the USDJPY Daily bar closes as it is standing now. Am going to add to my SHORT

Pls, dont follow me.



kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #5,385
  • Sep 3, 2013 10:54am Sep 3, 2013 10:54am
Quoting hinnavaru
Closed my Long and entered short on 4hr TF around 4 hours back. Still at work and cannot access my platform anymore as too many people in my office. Still an hour to go before I can reach home. I should never do this again
Hinna!

Your SHORT should be fine by the time you get home


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #5,386
  • Sep 3, 2013 10:56am Sep 3, 2013 10:56am
well, my pips are almost same except that i had 2 baskets , resistance ar 163 was solid, i will check tomm and enter any trade. i have one short alreàdy open, will add once i see confirmation in morñing.

Quoting Kosomolate
{quote} Nope, you are cool. am here!! for the week so far: I have closed the LONG @+850 pips and now SHORT from the red arrow and still holding it. as omadivi has pointed out in his analysis, if the USDJPY Daily bar closes as it is standing now. Am going to add to my SHORT Pls, dont follow me. kos {image} {image}
Trend is your friend...
  • #5,387
  • Sep 3, 2013 12:02pm Sep 3, 2013 12:02pm
Quoting Kosomolate
{quote} Hinna! Your SHORT should be fine by the time you get home kos

yeppity yep. I am ok. Thanks for watching it over.
Now please tell the price(s) to dive.
Faith with Action
  • #5,388
  • Sep 3, 2013 1:54pm Sep 3, 2013 1:54pm
what to do? in moments like this...
Faith with Action
  • #5,389
  • Sep 3, 2013 2:19pm Sep 3, 2013 2:19pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting hinnavaru
what to do? in moments like this...
Get up from your chair, head to the kitchen and make a cuppa....

if you can't see the trade, don't trade it, just because someone else has doesn't mean there right.

review the issue later and see if you missed something or they messed up = plenty more trades out there, so avoid the stress.
  • #5,390
  • Sep 3, 2013 3:53pm Sep 3, 2013 3:53pm
Quoting MPP
{quote} Get up from your chair, head to the kitchen and make a cuppa.... if you can't see the trade, don't trade it, just because someone else has doesn't mean there right. review the issue later and see if you missed something or they messed up = plenty more trades out there, so avoid the stress.
Did that mate.
Closed the trade for a small loss. And am going to bed. Pretty late in London right now. One burnt toast per day is enough.
Will do the same all over again tomorrow.
Thanks for the adv.
Faith with Action
  • #5,391
  • Sep 3, 2013 8:14pm Sep 3, 2013 8:14pm
Miss the first long. Closed second long. Followed daily trend and held on.
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  • #5,392
  • Sep 3, 2013 8:24pm Sep 3, 2013 8:24pm
Quoting howa61
{quote} Hi speedcash here you go: 35 85 123 for M15 92.50 123 492 for H1 But please test it.And let me know. And if somebody can give the setting for H4 and D1...Thanks in advance {file} {file}
Great! Thank you for it.
  • #5,393
  • Sep 3, 2013 9:20pm Sep 3, 2013 9:20pm
Quoting speedcash
Miss the first long. Closed second long. Followed daily trend and held on. {image}
was it with the new EA that was designed for this system?
cut your losses short and let your profit run
  • #5,394
  • Sep 3, 2013 9:57pm Sep 3, 2013 9:57pm
Quoting bleeze
{quote} was it with the new EA that was designed for this system?
nope. use it to open manually becos my scripts cant be used.
  • #5,395
  • Edited 11:05pm Sep 3, 2013 10:43pm | Edited 11:05pm
daily trend following is safe and healthy...my SL got hit on the short, but my daily is still going on strong...

The advantage of adding HAS also on the screen , see the bounces off it...and daily still going strong...upside resistance is at 169 area



Quoting speedcash
Miss the first long. Closed second long. Followed daily trend and held on. {image}
Attached Image (click to enlarge)
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Trend is your friend...
  • #5,396
  • Edited 1:01am Sep 4, 2013 12:49am | Edited 1:01am
Quoting nisha4x
..and daily still going strong...upside resistance is at 169 area {quote} {image}
May I ask how you calculate the 169 area as resistance
  • #5,397
  • Sep 4, 2013 1:14am Sep 4, 2013 1:14am
Quoting eisebatti
{quote} May I ask how you calculate the 169 area as resistance
One good way is to look at the daily chart. See pic

http://i41.tinypic.com/wirb5u.png
  • #5,398
  • Sep 4, 2013 1:23am Sep 4, 2013 1:23am
Quoting Red1324
{quote} One good way is to look at the daily chart. See pic {image}
Thanks Red1324 then I got it, (also because of your earlier posts)
i looked at the last high and for me it was in this 167 area, I was questioning my self if the 2 more are possible or if I should take my pips right now!?
  • #5,399
  • Sep 4, 2013 1:50am Sep 4, 2013 1:50am
Quoting eisebatti
{quote} Thanks Red1324 then I got it, (also because of your earlier posts) i looked at the last high and for me it was in this 167 area, I was questioning my self if the 2 more are possible or if I should take my pips right now!?
I only use the S/R levels clearly visible on the daily charts, I don't like the intraday S/R levels at all. I am still holding my longs until we hit 169 or I see clear divergence on MACD or CCI.
  • #5,400
  • Sep 4, 2013 1:56am Sep 4, 2013 1:56am
well said, since we are taking the daily trend, we can expect price to reach closer to the 169 resistance and if resistance holds, we go down, till then the trade is on

Quoting Red1324
{quote} I only use the S/R levels clearly visible on the daily charts, I don't like the intraday S/R levels at all. I am still holding my longs until we hit 169 or I see clear divergence on MACD or CCI.
Trend is your friend...
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