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  • #832,341
  • Sep 4, 2013 8:33am Sep 4, 2013 8:33am
Quoting fardeen20
Whts should be the Stop loss for GPB/USD i have a short at 1.5613.
just let you know that 5700 was my original target. next resistance 5664. I had a long since last friday at 5496 with target 5700, stopped out at 5540.
  • #832,342
  • Sep 4, 2013 8:37am Sep 4, 2013 8:37am
Quoting fardeen20
Whts should be the Stop loss for GPB/USD i have a short at 1.5613.
soooo, you took an entry and didn't know where to put your stop?

how do you calculate your RR then? how can you justify the trade without knowing your RR?

did you trade a pattern? if so, you should know exactly when and where to close the trade, or else you're just trading randomness..

your're missing very basic knowledge ...
Patience is a virtue...
  • #832,343
  • Sep 4, 2013 8:38am Sep 4, 2013 8:38am
Quoting DemoAntares
{quote} Would you be a seller at 1,3223


my sell will start from 1.3300 when i see daily candle close below, that will be my first sign of weakness, it can rebound to 1.3350 but it wont hurt me because my first entry will be small contract until i see a supply candle fight back i will feel safe to enter my main contract size.....now todays candle need to close back inside those horizontal line demand line and all buyers will kick in again..
MY OPINION NOT FINANCIAL ADVISE
  • #832,344
  • Sep 4, 2013 8:40am Sep 4, 2013 8:40am
Quoting hadox
{quote} soooo, you took an entry and didn't know where to put your stop? how do you calculate your RR then? how can you justify the trade without knowing your RR? did you trade a pattern? if so, you should know exactly when and where to close the trade, or else you're just trading randomness.. your're missing very basic knowledge ...
To be honest I am just new to this I am trying to learn things...
  • #832,345
  • Sep 4, 2013 8:40am Sep 4, 2013 8:40am
Quoting donfriday
{quote} my sell will start from 1.3300 when i see daily candle close below, that will be my first sign of weakness, it can rebound to 1.3350 but it wont hurt me because my first entry will be small contract until i see a supply candle fight back i will feel safe to enter my main contract size.....now todays candle need to close back inside those horizontal line demand line and all buyers will kick in again..
Ah i c, a bit longer tf u have, k, much appreciated info
  • #832,346
  • Sep 4, 2013 8:41am Sep 4, 2013 8:41am
thanks usd-bear.
mathgb, you wanted to long yesterday already, good if you are in

R is now from 3213 up to 3220, as H1 candle made a kumo breakout
  • #832,347
  • Sep 4, 2013 8:44am Sep 4, 2013 8:44am
Quoting fardeen20
{quote} To be honest I am just new to this I am trying to learn things...
And also can u please explain wht does RR mean . Sorry to be dumb i am just trying to figure out things
  • #832,348
  • Sep 4, 2013 8:45am Sep 4, 2013 8:45am
Quoting fardeen20
{quote} To be honest I am just new to this I am trying to learn things...
well at least you're honest.. you shouldn't waste your time here, to much noise..

instead try learning basics stuff like rr, money management, support and resistance, higher timeframes etc... there is no holy grail, well actually there is, is called risk reward and money management..

at any rate gl with your trade
Patience is a virtue...
  • #832,349
  • Sep 4, 2013 8:45am Sep 4, 2013 8:45am
Quoting fardeen20
{quote} To be honest I am just new to this I am trying to learn things...
Then watch, learn and dont trade real money but paper (if u already havent)
  • #832,350
  • Sep 4, 2013 8:46am Sep 4, 2013 8:46am
Quoting DemoAntares
{quote} Ah i c, a bit longer tf u have, k, much appreciated info

my best tf is daily i stop using lower tf as it doesnt work for me...sometime i use 4hrs but nothing is better than higher tf, bigger picture
MY OPINION NOT FINANCIAL ADVISE
  • #832,351
  • Sep 4, 2013 8:47am Sep 4, 2013 8:47am
Quoting fardeen20
Whts should be the Stop loss for GPB/USD i have a short at 1.5613.
hope my chart is not messy to you. there are a lot of laser lights in my chart,

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-h2.cht Sierra Chart 1019 SC Forex Data (F 2013-09-04 11:44:45 Wed [SIM] Con:10718956_0.png Size: 59 KB
  • #832,352
  • Sep 4, 2013 8:48am Sep 4, 2013 8:48am
Quoting donfriday
{quote} my best tf is daily i stop using lower tf as it doesnt work for me...sometime i use 4hrs but nothing is better than higher tf, bigger picture
Agree, as soon as i lower my tf below 8h i know im in overtrade
  • #832,353
  • Sep 4, 2013 8:53am Sep 4, 2013 8:53am
Quoting fardeen20
{quote} And also can u please explain wht does RR mean . Sorry to be dumb i am just trying to figure out things
www.babypips.com

complete their course, its free
  • #832,354
  • Sep 4, 2013 8:54am Sep 4, 2013 8:54am
Quoting Pharm0r
{quote} www.babypips.com complete their course, its free
Thanks
I shall do it ....
  • #832,355
  • Sep 4, 2013 8:55am Sep 4, 2013 8:55am
Quoting phoebus
{quote} hope my chart is not messy to you. there are a lot of laser lights in my chart, {image}

the only person that post chart like this is ffleo..
MY OPINION NOT FINANCIAL ADVISE
  • #832,356
  • Sep 4, 2013 8:55am Sep 4, 2013 8:55am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 180 KB

Short term daily projection. september 9th is the first date.
  • #832,357
  • Sep 4, 2013 8:59am Sep 4, 2013 8:59am
Quoting 2046
thanks usd-bear. mathgb, you wanted to long yesterday already, good if you are in R is now from 3213 up to 3220, as H1 candle made a kumo breakout
Yes mate still in from yesterday, patience paid off this time
Breakout was sweet indeed. Still watching 1.3180 as the immediate support...?
  • #832,358
  • Sep 4, 2013 8:59am Sep 4, 2013 8:59am
Quoting donfriday
{quote} the only person that post chart like this is ffleo..
you remember that dude. he is my brother. he gave me a free copy of his software
  • #832,359
  • Sep 4, 2013 9:02am Sep 4, 2013 9:02am
Quoting Magix
{quote} The problem with a house evenly divided is that, Most of these Motherfuckers are waiting to say, "I told you so", half of them will be right...and that's a lot of motherfuckers! {image}

Enter the Bullish M'er F'er's...

"I told you so"!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #832,360
  • Sep 4, 2013 9:03am Sep 4, 2013 9:03am
Quoting phoebus
{quote} you remember that dude. he is my brother

Nobody cares.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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