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Trading from an Experienced and Successful FULL TIME Trader

  • #481
  • Jan 3, 2014 9:55am Jan 3, 2014 9:55am
A setup from yesterday:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchfh1.png Size: 44 KB
Click to Enlarge Name: usdchfm15.png Size: 42 KB
  • #482
  • Jan 3, 2014 10:10am Jan 3, 2014 10:10am
Quoting judgemegod
I'll share some setups I took today: GPBUSD: Ryano mentioned it earlier... +40 USDCHF: Breakout -> pullback to support -> divergence -> uptrend It wasnt an A setup but I did give a shot for that, risked 20 for 40, 2:1. +40pips XAUUSD: Breakout -> pullback to support level and BB 200(strong support)-> uptrend at 1H+4H. +60 pips atm Feel free to comment :o {image} {image} {image}
Congrates on your +140PIPs profit in a day! Here's my 2 cents worth:

1) Based on your 1 Hr chart, there was no confirmation on the THVTrix dotted line (with red arrow) for this case. However, there was a signal on the 30 mins chart and the 1 Hr chart had the red coral line for confirmation. Beautiful setup.

2) I was looking at this chart too but did not take the trade as the 4Hr chart's coral line was still red, so no confirmation for the structure to head up.

3) Did not noticed any signal here but I guess you had your other indicators working for you.

Happy and safe trading always!
  • #483
  • Jan 3, 2014 10:41am Jan 3, 2014 10:41am
I am a noob for forex about 3 months.
Can I kindly expess my idea?
It seems this methodology is based on breakout and retest.
And I have observed my charts, I think maybe the MA is a better R/S, though the horizontal can be a good TP？
So,DC, would my mind goes wrong or right?
If it is right，or it is can be used(I know in forex,wo couldn't say something is definite unless it has happened) with your methodlogy,then your method would be much more easier for us to use?
  • #484
  • Jan 3, 2014 10:41am Jan 3, 2014 10:41am
Quoting Milfortra
{quote} Congrates on your +140PIPs profit in a day! Here's my 2 cents worth: 1) Based on your 1 Hr chart, there was no confirmation on the THVTrix dotted line (with red arrow) for this case. However, there was a signal on the 30 mins chart and the 1 Hr chart had the red coral line for confirmation. Beautiful setup. 2) I was looking at this chart too but did not take the trade as the 4Hr chart's coral line was still red, so no confirmation for the structure to head up. 3) Did not noticed any signal here but I guess you had your other indicators working...
thank you for the comments,
the second one didn't have confirmation on the 4h I did decide to take it anyway ,
the third trade had a pullback to a support area + there was bands 200 there, up trend on 1H and 4H and divergence on 15min... by the way it did reach the tp (+80)
  • #485
  • Edited Jan 6, 2014 1:58pm Jan 5, 2014 8:21pm | Edited Jan 6, 2014 1:58pm
DC. I see the double bottom on AUDUSD is in. You had listed that support level on the list you put here on 12/14. I have ideas, but I am wondering how someone that seems to have more patience than I ever did would play it.

Edited to AUDUSD from CADUSD sorry for any confusion.
  • #486
  • Jan 6, 2014 7:09am Jan 6, 2014 7:09am
EUR/AUD 4H
Attached Image (click to enlarge)
Click to Enlarge Name: 140106 EURAUD.png Size: 39 KB
  • #487
  • Jan 7, 2014 4:20am Jan 7, 2014 4:20am
USD/CAD

A break of the 1.0672 resistance area and a retest showing on the h1 and 30min , I don't have the indicator but the trend looked good to go long,
only just seen it (too late ), but a nice setup , Did anyone catch it ?
  • #488
  • Jan 7, 2014 6:50am Jan 7, 2014 6:50am
Looking at AUDUSD now.

Waiting for price to hit 0.8938 to 0.8943 area as this area has been tested about 8 times on the 1 hour chart. Coral for all the 15 mins, 30 mins and 1 hour chart has turned red, so confirmation for downtrend is affirmed. Waiting for a signal for the 15 mins or 30 mins chart to show but the only concern now is the US news at 9.30pm/am.

Let's see how this setup works out.....
  • #489
  • Jan 8, 2014 8:38am Jan 8, 2014 8:38am
Now waiting for Euro, USDCHF and AUDUSD for 15 min signal. All prices have hit their respective shelves.

Dunno how I missed a beautiful trade setup in NZDJPY. Anybody caught that one?
  • #490
  • Jan 8, 2014 8:42am Jan 8, 2014 8:42am
AUDUSD'S coral has begin to turn green so I guess this trade setup has just turned bad.

Will have to keep an eye on the euro and USDCHF now.
  • #491
  • Jan 8, 2014 11:08am Jan 8, 2014 11:08am
Trade closed for Euro with +20PIPs!
  • #492
  • Jan 8, 2014 11:28am Jan 8, 2014 11:28am
Milfortra, the s/r level was not strong enough for my liking in the setups on EU, UCH and AU. I took the trade on NJ.
  • #493
  • Jan 8, 2014 11:35am Jan 8, 2014 11:35am
Quoting Curtis_S
Milfortra, the s/r level was not strong enough for my liking in the setups on EU, UCH and AU. I took the trade on NJ.

Thanks Curtis S for your comments. Will be more careful in the next trade.

Happy and safe trading always!
  • #494
  • Jan 8, 2014 11:35am Jan 8, 2014 11:35am
Quoting Milfortra
AUDUSD'S coral has begin to turn green so I guess this trade setup has just turned bad. Will have to keep an eye on the euro and USDCHF now.
True that.
I did take the usdchf trade,had divergence on the 15 as enter signal :o
  • #495
  • Jan 8, 2014 8:35pm Jan 8, 2014 8:35pm
I took nzdjpy trade.
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Click to Enlarge Name: nzdjpy-1h-09-01-14.png Size: 86 KB
  • #496
  • Jan 8, 2014 8:38pm Jan 8, 2014 8:38pm
Quoting johnnyboom
I took nzdjpy trade. {image} {image}

Nice one there Johnnyboom!
  • #497
  • Jan 8, 2014 8:47pm Jan 8, 2014 8:47pm
Quoting judgemegod
What do you think about this trade? 1. I've entered at a strong support level 2. Coral is green(up trend) 3. Up arrow at Trix + Divergence Im up to 120pips now.. {image}
Great job! I will say its not typically a trade I take but I will tell u this...if you get sideways action after a huge run like that and it comes back to the moving average (green line and especially with that many arrows) the result is often a contiuation move! I would wonder where u placed your stop loss on this? Sometimes with euphoric moves its hard to pick a stop because theres really no swings just a constant move up or down. Just remember the stop loss!
  • #498
  • Jan 8, 2014 8:49pm Jan 8, 2014 8:49pm
Quoting FXAction
{quote} Ok thanks. Just wondering. Such an indicator would be splendid. I know we have renouned coders in the house. Pls., do something
There is no indicator as good as eye.mq4 LOL. In case youre wondering that doesnt exist, its those two things on your head! I would say learn to spot obvious areas on the 1 hour or even 4 hour for your trade set ups...after a while you will be a pro!
  • #499
  • Jan 8, 2014 8:49pm Jan 8, 2014 8:49pm
Quoting new_trade
{quote} Ok Old Trader, thanks for your "lesson".
LOL.
  • #500
  • Jan 8, 2014 8:51pm Jan 8, 2014 8:51pm
Quoting Milfortra
Would like to express my gratitude to Doriotcapita on this wonderful thread. Have been learning tons of stuff(and gold nuggets) from just these 24 pages. Looking forward to every post you are making daily. Your explanations are very, very detailed and precise. Just found out something new today, which I thought it would be good to share: Apparently different MT4 platforms from different companies gives out different signals. I use both Axitrader and IBFX which are both Australia based. The cable trade setup shared by Ryano earlier today had a signal...
So glad to hear this!!! Yes some feeds will give different arrows; it wont really effect your performance but if you run both you may find more trading opportunities.
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