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Trading from an Experienced and Successful FULL TIME Trader

  • #321
  • Nov 14, 2013 9:55am Nov 14, 2013 9:55am
Quoting IenDzi
{quote} I am long EURUSD
yes stilll riding the trend still looking good
  • #322
  • Nov 14, 2013 10:00am Nov 14, 2013 10:00am
Quoting gulayetty
{quote} yes stilll riding the trend still looking good

Why did you take that Long?

Can post picture please

It wasnt really at a major support the first time

Wanna understand what your intention was

Thanks
  • #323
  • Nov 14, 2013 10:15am Nov 14, 2013 10:15am
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
I took a short on Eur/Usd. It's almost a 1:1 risk/reward. Worth a shot. The 30min is right at the Coral too, and as red. Looking at the higher timeframes, it sure looks like a good spot for resistance, but if it flips to a floor, then I'm sure it won't be too long until a nice signal comes the other way.
Hopefully this chart shows okay, it's been really long time since I've posted one.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15.png Size: 42 KB
  • #324
  • Nov 14, 2013 10:20am Nov 14, 2013 10:20am
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
This one turned out well. I think it followed his method nicely. 30 min aud/jpy showed as a long around 8:30 this morning. Just hit the target.
It's now 11am now my time. This one and the euro were my attempts for the day. Tomorrow is another day!
Attached Image (click to enlarge)
Click to Enlarge Name: 30min_audjpy.png Size: 43 KB
  • #325
  • Nov 14, 2013 10:39am Nov 14, 2013 10:39am
Hey Oak,


It didn't stop at major support incase of E/U but at daily support wich was 1.3418 and then news US came out ,wasn't good and then you have the rally,i guess

Greetings
  • #326
  • Nov 14, 2013 10:49am Nov 14, 2013 10:49am
Quoting Oakwoodinc
{quote} Why did you take that Long? Can post picture please It wasnt really at a major support the first time Wanna understand what your intention was Thanks

The trade wasn't based on this system, it based on harmonics.
TREND is up, higher highs, higher lows, trendline, divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 64 KB
  • #327
  • Nov 14, 2013 9:26pm Nov 14, 2013 9:26pm
still in the NZDUSD trade, almost tp
http://charts.mql5.com/3/65/nzdusd-h...services-2.png
USDSGD trade, not really good, about to close with few pips
http://charts.mql5.com/3/65/usdsgd-h...l-services.png

potential set up on EURCFH
http://charts.mql5.com/3/65/eurchf-h...l-services.png

closed trade on GBPAUD and EURUSD with all win, thanks DC, very nice method
  • #328
  • Nov 15, 2013 12:19am Nov 15, 2013 12:19am
Quoting doriotcapita
{quote} Hey Vegan the CORAL IS ACTUALLY A 60 PERIOD COLORED MOVING AVERAGE!!!!
Doriotcapita, can you be more specific, please ? 60 period what kind of MA ?
  • #329
  • Nov 15, 2013 1:10am Nov 15, 2013 1:10am
GBPCAD trading in progress, 1 hour set up. entry on 30min TF, not good time to trade on Friday, hope it works.
http://charts.mql5.com/3/65/gbpcad-h...l-services.png
http://charts.mql5.com/3/65/gbpcad-m...l-services.png
  • #330
  • Nov 15, 2013 1:34am Nov 15, 2013 1:34am
hi Doriotcapita
thank you for starting this thread. your logic behind taking trades looks sound to me

just curious whether you would take the two trades below yesterday.
eurusd 15 min long was probably earlier than you would want to be trading but still curious
audjpy 30 min short seemed like a good setup

can you clarify when does arrow appear in THV Trix window?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.m15.png Size: 69 KB
Click to Enlarge Name: audjpy.m30.png Size: 75 KB
  • #331
  • Nov 15, 2013 2:21am Nov 15, 2013 2:21am
Quoting ForexRen
GBPCAD trading in progress, 1 hour set up. entry on 30min TF, not good time to trade on Friday, hope it works. {image} {image}

Problem I see with GBPCAD, is it is almost 90% correlated with: GBPUSD which in turn is also very correlated to GBPCHF, and GBPAUD...
IN the end, why not just trade cable, less time spent analyzing 4pairs instead of one, plus the spread is usually smaller.If you take trades on 2 at the same time, youré mostly doubling your risk...
Here´s some correlation tables...

http://www.forexticket.com/en/tools/...relation:nerd:
  • #332
  • Nov 15, 2013 2:24am Nov 15, 2013 2:24am
Also beware of the CAD news today in a few hours!
  • #333
  • Nov 15, 2013 2:28am Nov 15, 2013 2:28am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting cuchuflito
IN the end, why not just trade cable, less time spent analyzing 4pairs instead of one
Studying the 4 pairs will give you more infos about the market. Then trade only the one which give you the clearest signal.
MT4/MT5 EAs/Indicators/Alerts coder
  • #334
  • Nov 15, 2013 2:44am Nov 15, 2013 2:44am
Quoting cuchuflito
{quote} Problem I see with GBPCAD, is it is almost 90% correlated with: GBPUSD which in turn is also very correlated to GBPCHF, and GBPAUD... IN the end, why not just trade cable, less time spent analyzing 4pairs instead of one, plus the spread is usually smaller.If you take trades on 2 at the same time, youré mostly doubling your risk... Here´s some correlation tables... http://www.forexticket.com/en/tools/...relation:nerd:
i will take your advice, thanks, as newbie i am still got lots to learn
  • #335
  • Nov 15, 2013 2:46am Nov 15, 2013 2:46am
Quoting forexvegan
{quote} Can you post an indicator that works. I have tried a few, but none work with coral indicator.
I am using a commercial version and it works fine with every other indicator.
Tim
  • #336
  • Nov 15, 2013 6:33am Nov 15, 2013 6:33am
Quoting FerruFx
{quote} Studying the 4 pairs will give you more infos about the market. Then trade only the one which give you the clearest signal.

Agree
that´s really sharpening your pencil...great if you have the time...I stick to just a collection of 7 pairs, fairly uncorrelated....try to keep it simple, I figured if I can´t make with with those...
  • #337
  • Nov 15, 2013 4:22pm Nov 15, 2013 4:22pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
This one was entered around 10:30am eastern time. Going to continue this next week and see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy-m15.png Size: 34 KB
  • #338
  • Nov 16, 2013 12:20am Nov 16, 2013 12:20am
Quoting ForexRen
GBPCAD trading in progress, 1 hour set up. entry on 30min TF, not good time to trade on Friday, hope it works. {image} {image}
GBPCAD just hits my tp and start to reversal, lucky on me
http://charts.mql5.com/3/76/gbpcad-h...l-services.png
  • #339
  • Nov 17, 2013 7:46pm Nov 17, 2013 7:46pm
Hey Doriot,

Great thread you have here. I'm eagerly following all your posts and am digesting everything that you are throwing in to the ring.

Keep it coming and long may it continue. Full of common sense, and more importantly - It works, and works great!!

Much appreciated. MP.
"Never interrupt your enemy when he is making a mistake" Napoleon Bonaparte
  • #340
  • Nov 19, 2013 9:30am Nov 19, 2013 9:30am
doriotcapita, it is been many months (if not years) since last time I feel so educated and enlightened reading methodology/system threads on FF.

the understanding/observation to S/R really can always be improved ---- i just realised.

Thank you very much! Wish you have a great vacation and come back teaching soon.
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