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Trading from an Experienced and Successful FULL TIME Trader

  • #681
  • Edited 12:05pm Mar 6, 2014 11:46am | Edited 12:05pm
Quoting kagbe
Closed half the position @ 0.90500 (380 pips) and locked in locked in 270 pips for the other half by moving sl to 0.90390. Hopefully it will get to the next resistance @ 0.90690. I will be moving the sl frequently. The nzdusd position is also running. tp @ 0.84950. Have you taken any position?

No I didn't, I was looking at it about 2 hours later and wasn't sure if I should jump in. Now I regret not doing it. I only started reading this thread two weeks ago and am trying to get more confident.

I want to know though: did you put in your trade as a result of the green arrow? I know this must sound like an open door but I want to go live with this and need some reassurance
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Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #682
  • Mar 6, 2014 4:32pm Mar 6, 2014 4:32pm
Hi Pipsel - The green arrow is a confirmation necessary but please note that there are many many other conditions that need to be met. Also, it is sometimes good to know if the underlying fundamentals of the pair justify the position. There are tons of instances when the arrows (only) are false signals. Also please if I may, test this on a demo account for some time to get confident before going live.

Please note that I haven't used this for that long so my views are definitely no expert view. Doriot and others are more authorized "voices" on this
  • #683
  • Mar 6, 2014 6:37pm Mar 6, 2014 6:37pm
Hey Kagbe great trade on the AUDUSD that news defiantly helped out that pair. Just one thing, the pips you made were not 270 but 27pips. Just FYI

I haven't been that active this week Kagbe, been sick not feeling well..



I did 2 trades.
GBPUSD


usdjpy only got 15 pips on the first one,that second entry would have been A+.
I have an open position that is up 65 pips but I honestly cant remember why i entered that one so Im not counting it.
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  • #684
  • Mar 6, 2014 9:08pm Mar 6, 2014 9:08pm
Hey num90 - you are right: 38 pips and 27 pips. I should have let this trade run ...

The second entry on usdjpy would have been really great. Unfortunately, I haven't looked at usdjpy yesterday. Sad.
On the gbpusd trade, I am always tempted to stay aside when there is a big news ahead (BoE rate and Asset Purchase) so I have missed that too.

Anything for today?

Due to inflation figures in the UK, Employment numbers in Canada, NFP in the US (this is a big one), I am being particularly cautious today.

Prior to NFP, I will be looking at crosses like EURJPY which currently seems to be confirming 142.620 as a new support for a LONG, GBPNZD for a SHORT after a good retracement if UK inflation reinforces the trend and AUDJPY for a LONG. I am waiting to get fully confident on all the criteria for a trade before entering any of these.

Post NFP, USDCAD can be interesting if NFP disappoints and Canada Employment is better than expected or vice versa.

Cheers
  • #685
  • Mar 7, 2014 2:38am Mar 7, 2014 2:38am
Quoting kagbe
Hi Pipsel - The green arrow is a confirmation necessary but please note that there are many many other conditions that need to be met. Also, it is sometimes good to know if the underlying fundamentals of the pair justify the position. There are tons of instances when the arrows (only) are false signals. Also please if I may, test this on a demo account for some time to get confident before going live. Please note that I haven't used this for that long so my views are definitely no expert view. Doriot and others are more authorized "voices" on this...
Thanks for you feed back! I have been demo'ing for a while now and I'm looking at your posts because you and MUN90 seem to be the only ones to post at this time. That is really the reason I was looking over your shoulder.
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #686
  • Mar 7, 2014 2:56am Mar 7, 2014 2:56am
Quoting pipsel
{quote} Thanks for you feed back! I have been demo'ing for a while now and I'm looking at your posts because you and MUN90 seem to be the only ones to post at this time. That is really the reason I was looking over your shoulder.
Hey Pipsel - Anytime. No problem at all "looking over my shoulder". Let's hope I get it right
  • #687
  • Mar 7, 2014 6:25am Mar 7, 2014 6:25am
Does anyone feel like EURCHF is a short @ 1.22100? I am thinking NFP should'NT have such an impact on a cross like this. JPY crosses maybe because JPY tend to "exaggerate" every USD news but EURCHF?
  • #688
  • Mar 7, 2014 6:47am Mar 7, 2014 6:47am
Ok. So I went short on eurchf @ 1.22100 with tp @ 20 pips as that pairs doesn't move that much and sl @ 10 pips.
Btw, the eurjpy trade I mentioned earlier this morning hit tp a couple of minutes ago. Didn't take the gbpnzd and the audjpy. The audjpy would have been a great one
  • #689
  • Mar 7, 2014 6:55am Mar 7, 2014 6:55am
Quoting kagbe
Ok. So I went short on eurchf @ 1.22100 with tp @ 20 pips as that pairs doesn't move that much and sl @ 10 pips. ...
Wow Just closed the eurchf trade with 19 pips (1 pip shy of the tp as price was hesitating). Not much but it's eurchf... The spike in this pair post nfp was really weird.
  • #690
  • Mar 7, 2014 12:21pm Mar 7, 2014 12:21pm
Quoting FerruFx
In my opinion, your last pic doesn't show a great example. Your entry signal is about 30 candles (15 hours) before the price start going in your favor. Just a note ... not a critisism
Am sure he just been honest, but that is still fine to a degree and shows some promises.
  • #691
  • Mar 10, 2014 10:20am Mar 10, 2014 10:20am
Here is a sample set up of one of my many trades
NB system set up not shown
A live trade is shown now for more info on my trades i have about 10 pairs running now live can be seen atthis link

http://www.forexfactory.com/watchtradefx/86 or copy n paste in your URL
  • #692
  • Mar 10, 2014 10:22am Mar 10, 2014 10:22am
sample set up live action
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  • #693
  • Mar 10, 2014 12:30pm Mar 10, 2014 12:30pm
Hello just wondering if anyone would care to start a skype group for me from this thread? Msg me, Justin
  • #694
  • Mar 10, 2014 3:41pm Mar 10, 2014 3:41pm
All right, I have my account all set up and I spent pretty much all Sunday reading through this thread. I think I understand the basics and got up in time this morning to go over a few pairs but didn't find a lot. I noticed EUR/CHF had a nice set up but I was too late at that time. For now, my plan is to open up all the templates DC mentioned before and check the time in the morning and evening (although evening would be late, on the other hand: it could show the pair going into a nice set up.



You guys any input?
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #695
  • Mar 10, 2014 8:44pm Mar 10, 2014 8:44pm
Hey guys still sick not feeling well, god dam ear infection...
anyways I just wanted to post 4 trades I took Thursday night preNFP news and what worked and what didn't work.

usdjpy - was the best trade, nice uptrend good r to r 3:1

gbpusd - was ok trade

Those two trades were profitable
than I took two trades that were equal non profitable so I ended up break even.

The funny thing is I felt that the 2 losing trades weren't HIGH QUALITY and they didnt work.

One thing that I sometimes do is take COUNTERTREND trades which dont workout. For example look at AUDUSD
I thought it cant possibly go higher but it did.

AUDUSD I wanted to short

usdcad had all the signs but ignored the obvious support
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  • #696
  • Mar 11, 2014 6:08am Mar 11, 2014 6:08am
Mun90, what do you think of this setup?

EU
coral red on M15-H1

I'm thinking the candles are a bit too aggressive but would like to get your take on it.

top chart is H1. Bottom chart is M15
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  • #697
  • Mar 11, 2014 6:12am Mar 11, 2014 6:12am
I specified Mun90 on that post but please, anyone is welcome to reply.

Good day.
  • #698
  • Mar 11, 2014 7:47am Mar 11, 2014 7:47am
So this is the current M15 EU chart. I did not take the trade for two reasons:

1. the candles that were retesting the S/R were very aggressive
2. The candle at which I received the arrow signal was green.

As you can see, the pair continued north.
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  • #699
  • Mar 11, 2014 8:07am Mar 11, 2014 8:07am
Hey Kscarch just woke up, its 8 am here.

Yea I dont like the spiked pa to the left.
  • #700
  • Mar 11, 2014 9:37am Mar 11, 2014 9:37am
Any SHORT taker on AUDUSD? Just broke 0.90100 and seems to be confirming it as a new resistance. If 103.100 holds for USDJPY, then there is a SHORT there too. In case both confirm their new resistance, AUDJPY will be an excellent choice for a SHORT at 92.800.

Quick note: All commodity currencies are in the red.
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