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Mastering the Art of Trading

  • #1,321
  • Mar 11, 2014 12:36pm Mar 11, 2014 12:36pm
Quoting Neytiri
{image}
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  • #1,322
  • Mar 11, 2014 3:29pm Mar 11, 2014 3:29pm
Quoting noobistrader
{quote} Hi FXEmpire. I was watching this very closely to see how it pans out. It seems like a nice setup to me till the next FTA below. However when I zoom out, EU seem to have a uptrend starting from last year, do we take this into account? Any views from the regulars?

up trend down trend whatever trend the fact is it never moves in a straight line.. I am not necessarily pin point a reversal.. just taking a shot at reaction to a valid level for a gain..
trends could end in at will and take off at will.. this is no prediction game but rather a probability game going for takeout setup at solid levels.
Passion, Persist, Patience, Protect
  • #1,323
  • Mar 13, 2014 10:40am Mar 13, 2014 10:40am
.
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  • #1,324
  • Mar 14, 2014 1:32am Mar 14, 2014 1:32am
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  • #1,325
  • Mar 14, 2014 11:15am Mar 14, 2014 11:15am
false break off brn 4200
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  • #1,326
  • Mar 16, 2014 7:17am Mar 16, 2014 7:17am
Quoting FXEmpire
eu short on HHR with nice looking binbar.. anyone else in this?? {image}

sorry for the loss bro.
I see 1.400, then lower maybe
Hero calls followed by margin calls...
  • #1,327
  • Mar 16, 2014 11:59pm Mar 16, 2014 11:59pm
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  • #1,328
  • Mar 17, 2014 2:05am Mar 17, 2014 2:05am
Quoting PhAnTi'
{quote} sorry for the loss bro. I see 1.400, then lower maybe
There was a small loss, my hard sl was not hit gratefully.

Who knows with all the bs going on in Ukraine/eu.. all we can do is to go after it from somewhat important levels. I took a shot a late dec level reaction bounce. I don't see much of a significant recent level above it, so no bias on eu for me atm.
Passion, Persist, Patience, Protect
  • #1,329
  • Mar 17, 2014 11:32am Mar 17, 2014 11:32am
Quoting Neytiri
false break off brn 4200 {image}
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  • #1,330
  • Mar 17, 2014 8:04pm Mar 17, 2014 8:04pm
Quoting Neytiri
{image}
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  • #1,331
  • Mar 18, 2014 2:04am Mar 18, 2014 2:04am
Quoting Neytiri
{quote} {image}
Could you add some more comments please, like thought process?
Posting Demo charts, mirroring some of them live.
  • #1,332
  • Mar 18, 2014 3:21am Mar 18, 2014 3:21am
Quoting forexpiet
{quote} Could you add some more comments please, like thought process?
Sure
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  • #1,333
  • Mar 18, 2014 9:37am Mar 18, 2014 9:37am
Quoting Neytiri
{quote} Sure
TY!!!
Posting Demo charts, mirroring some of them live.
  • #1,334
  • Mar 21, 2014 2:00am Mar 21, 2014 2:00am
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  • #1,335
  • Mar 21, 2014 11:11am Mar 21, 2014 11:11am
Hello!
Excuse for a silly question, but you couldn't explain where we partially close and we translate in without a loss?
Thanks for understanding and answer.
  • #1,336
  • Mar 21, 2014 8:55pm Mar 21, 2014 8:55pm
Quoting amksp
Hello! Excuse for a silly question, but you couldn't explain where we partially close and we translate in without a loss? Thanks for understanding and answer.
If I were to use a 2 lot strategy, I would close the first lot when price hits 143 and then move the stop loss for the 2nd lot to breakeven.

N
  • #1,337
  • Mar 22, 2014 11:52pm Mar 22, 2014 11:52pm
Hello! Whether prompt correctly the analysis on an entrance is carried out?
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  • #1,338
  • Mar 23, 2014 12:31pm Mar 23, 2014 12:31pm
Quoting amksp
Hello! Whether prompt correctly the analysis on an entrance is carried out? {image}
.
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  • #1,339
  • Mar 24, 2014 10:39am Mar 24, 2014 10:39am
Neytiri, thanks for answers. if you can explain please the principle of setting goals.
  • #1,340
  • Mar 25, 2014 8:08am Mar 25, 2014 8:08am
Quoting amksp
Neytiri, thanks for answers. if you can explain please the principle of setting goals.
Generally speaking, I exit the trade at the first trouble area. Why? Because emperically, it has been observed that price hits trouble areas and turns in the opposite direction.
If you are brand new to trading, I would suggest you to go over the james16 chart thread first and then when the concepts are clear you may want to try advanced fakeout methods described in this thread.

N
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