Trading from an Experienced and Successful FULL TIME Trader

+22 pips. Closing half position. SL still @ BE

TVH4 doesn't have it. But you can look into the parameters of TVH3 if you can turn it off. Haven't checked though.

Didn't take it but would have been a great one. Looks like EURUSD heading south while GBPUSD up.

+ 20 pips. Moving SL to BE

+45 pips. Trailing SL some more

Just stopped out at BE on USDCAD. Re-evaluating if I should get back in

Be careful with shorting USDCAD. Downward momentum is weakening and price showing signs of exhaustion. Unless some catalysis (news data or otherwise) invites more short sellers, I'd hold off from shorting at the moment (or just until 1.1120 has been successfully breached).

Yeah. seems bulls are in control.

Awesome. I can certainly learn something from you.

I have to go to work, back tomorrow morning!

See you tomorrow!

This caught my attention, but I like to trade the H4 charts, so I pulled up a few pairs to see how it would have done. Now you would not get as many trades and would need to be patient but from what I have seen it does very well. Plus you would not be glued to your screen. The only clear loser was on the GBPUSD, but since that was on a Friday and the coral was flat, I likely would have passed anyways.

((Ignore the spreads. I did this over the weekend and the spreads always shoot up right before Friday close)

Hi Dewey, this si a splendid review you have made. Clear and lucid. W hat tool do tou you use for support and resistance. I like it. Please post it.

Here it is, but I use this more for quick visual back-testing as above than when I trade live.

For live trading I like to draw my own lines then go to the news board at orderflowtrading or Oanda's site to see where the big banks have placed their bids and offers, stops etc.

The trades shown were not ones I took personally, just what I was able to see from pulling up some H4 charts and looking for the signals. I am hoping the THV trix' colors and arrows don't repaint. I will start trying this on demo first and then add it my live trades if it looks as good going forward.

I want to thank those of you that are keeping this thread going. I am looking forward to learning and trading here. I want to thank justin7 for telling me about this thread.
For anyone interested in live interaction, we have a small skype group where we share trade set ups. If anyone is interested, pm me.

I have been a bit tied up lately and couldn't post the last couple of days.

Just watching EURUSD and wanted to share what I am thinking. Despite lower than expected Eurozone CPI, EURUSD continues to strengthen although one would think this data confirms deflationary pressure which should prompt ECB to ease. Expectations the ECB will ease should lead to a weakening of the pair. Obviously, there is something going on here. The strong hands have decided that the pair must go north, then north will it go. For the small fragile retail trader, there are 2 possible attitudes I am seeing. Please feel free to comment/agree/disagree.

1. You stay away from EUR until Draghi and Co do their magic on Thursday.

2. You decide to play the strong hands' game and go LONG when you see a good support confirmed (maybe 1.37880) and other technicals align. But do we know what their real game is? Will they decide to turn bearish at some point and if yes when? Or are they intentionally going against the fundamentals to force ECB's hands to ease and then they dump the pair and make a killing? Personally, I think they want to force ECB's hand but I might be wrong. Please remember all the board member who came out of the woods last week to sing the "EUR is too strong and we are ready to act if needed" song.

I am doing 1. If someone wants to do 2, I would say this: you can make a killing if the pair continues to strengthen but make sure you have a strong SL in place because if/when it turns, it might be painful.

Elsewhere, a LONG would make sense on USDJPY but as always, wait for a strong good signal if you did not enter around 102.830. 103.150 seems to be worth considering but 103.000 would be better. Just not sure PA will come back there.

If you feel you need to try your luck LONGing EUR, maybe you want to look at EURJPY provided you are convinced EURUSD and USDJPY are both going up (as always, technicals must align). That way you hedge yourself a little bit against the EUR turning back on you. But I would be cautious: if both pairs start going down, you should get out as quickly as possible.

CAUTION: If I were to LONG EURJPY, I would wait to get the technicals right approximately at the same time on the 3 pairs (EURUSD, USDJPY and EURJPY). Not easy but it increases the probability to enter at the right level otherwise you might be right but at the wrong time which in trading means being wrong.

I took this trade on demo, though I might have thought twice if this were live since the support is not a strong one, but here is a trade opportunity that came up on the AUDNZD H4 chart. Let's see how it works out.

GBPUSD TRADE

REASAON FOR ENTRY

CORAL GREEN ON 30 1HR

GOT SIGNAL

PA WAS AT NICE SL LEVEL

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I got stopped out at my trailing stop, if I did not have one I would still be in this trade, which i dont noe yet if it is a
good thing or a bad thing.

Here is a trade from this morning. I like trading off of the 15 minute chart. I was looking at the THV Trix lines. I noticed that often when they cross after a signal arrow, and they are the same color, a trend soon follows.

Resistance at 1.0695 so closed it there for a small profit.