Dear Davit, As per your method, i entered SHORT in GOLD. Kindly mention if something is wrong.{image}
Funnily enough I just did the same.
It's all about bucks, kid. The rest is conversation.
- #781
- May 19, 2014 1:17am May 19, 2014 1:17am
- Joined Apr 2014 | Status: Trader | 2,417 Posts
Funnily enough I just did the same.
- #783
- Edited 8:08am May 19, 2014 7:54am | Edited 8:08am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi Davit, are you tracking ECHF by chance? It seems to be entering a good sell zone, if I've not missed something{image}
2250 limit short is good spot which will allow rsi to be fully in sell zone.
I am going to place limit short at 2250.Good catch although I am aware it might dived down without even hitting 2240.
So many pairs so there is reason to force trades.
You should use my ADR indicator.It gives you battle zone movements.
Regards
In trading, you have to be defensive and aggressive at the same time
- #784
- May 19, 2014 8:02am May 19, 2014 8:02am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
{quote} keep in mind it moved 20pips ADR in 20days
)? In that case it could hit a lower (than 2250) sell limit order, thereby coming in too early?Sorry for the annoying Q, but its a slow day, good time to learn and I cant find a good article on it on the interwebs right now on ADR...
Thanks!
- #786
- May 19, 2014 8:29am May 19, 2014 8:29am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Hey Davit, thanks for the response - sorry for the noob question, but in terms of low ADR (that's what I guess you mean), it should start a large move soon (due to pent up potential energy
Its quick visual how the pairs moves.you'll see majority of times it moves around 20pips.
There is advantage to this though!You can place multiple orders to overcome distance....
another thing when trading crosses you must be aware how majors are doing. EU dominate, E/CHF subordinate just always be aware major relationship to crosses.
Some crosses travel huge like GBP/JPY ...be careful its a beast to trade.Questions are fine.
In trading, you have to be defensive and aggressive at the same time
- #787
- May 19, 2014 8:33am May 19, 2014 8:33am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} You should use my template.Change colors if you don't like it.I have daily price line set at NY close (yellow dotted line) Its quick visual how the pairs moves.you'll see majority of times it moves around 20pips. There is advantage to this though!You can place multiple orders to overcome distance.... another thing when trading crosses you must be aware how majors are doing. EU dominate, E/CHF subordinate just always be aware major relationship to crosses. Some crosses travel huge like GBP/JPY ...be careful its a beast to trade.Questions...
..... 
Ghost Rider - WWTBMD?
{quote} You should use my template.Change colors if you don't like it.I have daily price line set at NY close (yellow dotted line) Its quick visual how the pairs moves.you'll see majority of times it moves around 20pips. There is advantage to this though!You can place multiple orders to overcome distance.... another thing when trading crosses you must be aware how majors are doing. EU dominate, E/CHF subordinate just always be aware major relationship to crosses. Some crosses travel huge like GBP/JPY ...be careful its a beast to trade.Questions...
), but I like it overall anyway, nice and clear! The ones I believe that arent working for me are your Fibs and the yellow line FYI.No worries regarding being mindful of the majors influence on the minors - I make sure to double check them beforehand
Although EU is still on the up trend imho, Im just waiting for it to break out to the south at some stage in the 'near' future because of all the fundamentals talked about (my only concern with all that is Count Draghi or other ECB heads will see the recent moves think they wont need to take action and then say something in the next days to hint at that much and that will cause the market to think they wont do anything and it'll shoot back up again lol! the old good news causes bad news thing the market does sometimes! but i'm sure that's an unlikely scenario. Anyway, I'm sure ECHF will be able to reach up some more in the next days to ~2250 before any plummet happens, if it doesn't reach that high I'll still take care with adding extra any positions for myself for the moment - until I'm more comfortable with the system anyway
I dont want to over expose myself unless I get more confidence (sounds like a love relationship lol).And yes I've been burned by the 'geppy dragon' a couple of times last week, I'm currently not allowing myself to trade that one for a while
Thanks again for the feedback and the assists!
- #789
- May 20, 2014 10:06pm May 20, 2014 10:06pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #791
- May 21, 2014 1:04am May 21, 2014 1:04am
- Joined Apr 2014 | Status: Trader | 2,417 Posts
Short GU 6840 4x Price failed to break 50%fib Possible tp 67 {image}
It's all about bucks, kid. The rest is conversation.
- #792
- May 21, 2014 1:16am May 21, 2014 1:16am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Good morning Davit, well it is in Spain where the sun shines every day except today when one of my hounds chewed through the internet cable. Dog house for that beast. Good luck with those shorts. I'd like to join you but would like price to enter the box on my chart. {image}
Trading GU requires patience.
Good luck
In trading, you have to be defensive and aggressive at the same time
- #793
- May 21, 2014 1:18am May 21, 2014 1:18am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #794
- May 21, 2014 1:22am May 21, 2014 1:22am
- Joined Apr 2014 | Status: Trader | 2,417 Posts
{quote} added more shorts in your box
It's all about bucks, kid. The rest is conversation.
- #795
- May 21, 2014 1:26am May 21, 2014 1:26am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #796
- May 21, 2014 1:49am May 21, 2014 1:49am
- Joined Apr 2014 | Status: Trader | 2,417 Posts
It's all about bucks, kid. The rest is conversation.
- #797
- May 21, 2014 2:15am May 21, 2014 2:15am
Hi David, thank you for this fresh way of trading here on FF. Combination of Tech & Fund is awesome 
Reading the Ray Dalio principles
Just a question if you don't mind. Your GBP/USD basket for example .. do you have a mental stop loss or not ?
Have a great day
Reading the Ray Dalio principles
Just a question if you don't mind. Your GBP/USD basket for example .. do you have a mental stop loss or not ?
Have a great day
Don’t ever let someone tell you that you can’t do something.
- #798
- May 21, 2014 2:53am May 21, 2014 2:53am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} Consider EW scenario Wave 3 is the longest assuming price resumes downtrend {image} {image}
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
Hi Davit,
are you watching D1 of GBPNZD and NZDJPY? The are technically coming into a nice zone (however I didnt check any fundi aspects of this and the majors may not lend themselves to trades right now, but just wanted to get your take on them as they approach the BB RSI trade window combination).
sorry cant post pics right now...
cheers
are you watching D1 of GBPNZD and NZDJPY? The are technically coming into a nice zone (however I didnt check any fundi aspects of this and the majors may not lend themselves to trades right now, but just wanted to get your take on them as they approach the BB RSI trade window combination).
sorry cant post pics right now...
cheers
- #800
- May 21, 2014 10:42am May 21, 2014 10:42am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi David, thank you for this fresh way of trading here on FF. Combination of Tech & Fund is awesome
Thanks for visiting here.I have posted extensively on this and will give you comprehensive answer by tomorrow.Just short on time today.Short answer I do have stop loss.
Regards
In trading, you have to be defensive and aggressive at the same time