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  • #19,521
  • Jun 25, 2014 4:15am Jun 25, 2014 4:15am
Hi T, can you explain me how u using Trailing stops? You set it up when u open trade or when it make some "progress" or how? And how you calculate size of it. Thank you for all
  • #19,522
  • Jun 25, 2014 6:09am Jun 25, 2014 6:09am
Quoting FX MiG
{quote} Nice as always!!! Can you tell me what's your trigger to enter the trade? First price touch of POC?
Thanks! Yes the price needs to enter the zone within 8-10 pips of the POC for market orders and POC exact level + spread on pending buy orders.
  • #19,523
  • Jun 25, 2014 6:12am Jun 25, 2014 6:12am
Quoting x46x
Hi T, can you explain me how u using Trailing stops? You set it up when u open trade or when it make some "progress" or how? And how you calculate size of it. Thank you for all
Thats something I teach with camarilla method. But for other "general" knowledge it could be trailed after 12-20 pips depending on price momentum.
  • #19,524
  • Jun 25, 2014 6:34am Jun 25, 2014 6:34am
Quoting T@rantula
{quote} Thanks! Yes the price needs to enter the zone within 8-10 pips of the POC for market orders and POC exact level + spread on pending buy orders.
Thanks and what about size of it(size of trailing stop). You set it same as a stoploss you have or same as actual price to POC, so it will be 8-10 pips as you say. I hope you understand, it no explained well..
  • #19,525
  • Jun 25, 2014 7:39am Jun 25, 2014 7:39am
Quoting T@rantula
{quote} +18 pips, use trailing stop.
And we're off! Fasten your seatbelts

T's second name is eagle-eye!
  • #19,526
  • Jun 25, 2014 7:41am Jun 25, 2014 7:41am
Quoting x46x
{quote} Thanks and what about size of it(size of trailing stop). You set it same as a stoploss you have or same as actual price to POC, so it will be 8-10 pips as you say. I hope you understand, it no explained well..
Market orders should be filled at POC or maximum 10 pips within it. After the trade is in profit you need to TRAIL the stop.
  • #19,527
  • Jun 25, 2014 7:42am Jun 25, 2014 7:42am
Quoting RickyRicardo
{quote} And we're off! Fasten your seatbelts T's second name is eagle-eye!
Hehe + 50 pips from POC.
  • #19,528
  • Jun 25, 2014 8:18am Jun 25, 2014 8:18am
AUD pairs are showing potentials for nice shorts into rallies especially AUDCHF and AUDCAD. Both AUD weakness vs CAD and CHF can be reflected on charts.
AUDCAD can also be good for shorting around 1.0095. As we can see a nice zig zag and strong H4 CAM and 50.0 fib confluence. MACD also shows a retracement while the first target -1.0047 need to break for the next level 1.0032 and 1.0005.

Attached Image (click to enlarge)
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  • #19,529
  • Jun 25, 2014 8:20am Jun 25, 2014 8:20am
Quoting T@rantula
EURCAD is showing some range bound action but we might see a possible retracement to 4625 where opportunities for shorts could be spotted. EURCAD has also shown HIDDEN BEARISH DIVERGENCE around POC level and hidden divergence is a sign of CONTINUATION. Also there is H4 and 38.2 fib confluence at the level. We can also see a near term historical double top mini swing at POC point so 4625 might be a good to look for bearish continuation to 4560 and 4530 respectively. {image}
i missed the 1st entry, on retest today, i made an entry
  • #19,530
  • Jun 25, 2014 8:44am Jun 25, 2014 8:44am
Quoting bolehbah69
{quote} i missed the 1st entry, on retest today, i made an entry
Today is even better. You've saved yourself the further movement upwards since yesterday.
  • #19,531
  • Jun 25, 2014 8:47am Jun 25, 2014 8:47am
Quoting T@rantula
AUD pairs are showing potentials for nice shorts into rallies especially AUDCHF and AUDCAD. Both AUD weakness vs CAD and CHF can be reflected on charts. AUDCAD can also be good for shorting around 1.0095. As we can see a nice zig zag and strong H4 CAM and 50.0 fib confluence. MACD also shows a retracement while the first target -1.0047 need to break for the next level 1.0032 and 1.0005. {image}
Hopefully these won't drag down the AUDUSD with them. I'm in long since it touched .9370 yesterday.
  • #19,532
  • Jun 25, 2014 9:06am Jun 25, 2014 9:06am
Lets see if we get the price on AUD pairs.
  • #19,533
  • Jun 25, 2014 10:24am Jun 25, 2014 10:24am
Quoting T@rantula
{quote} Market orders should be filled at POC or maximum 10 pips within it. After the trade is in profit you need to TRAIL the stop.
Thank you! You don't using automaticaly trailing stops? Somewhere I read you trailing the stops for every +12 pip you trail the stops +10 it is right?
  • #19,534
  • Jun 26, 2014 3:26am Jun 26, 2014 3:26am
Hi
I see a trade R:R >> 1:10
Very interesting
  • #19,535
  • Jun 26, 2014 3:43am Jun 26, 2014 3:43am
Quoting x46x
{quote} Thank you! You don't using automaticaly trailing stops? Somewhere I read you trailing the stops for every +12 pip you trail the stops +10 it is right?
Trailing stop is put after 12-20 pips of profit , either to BE or securing it to BE+X
  • #19,536
  • Jun 26, 2014 3:47am Jun 26, 2014 3:47am
EURUSD is currently in a bearish squeeze and it looks like 3650-55 is selling zone. We were selling all week 3620 zone now its a switch to 3655 due to a bearish squeeze. If 3675 is not broken 3575 could b achieved intraday while profit taking tomorrow may lead to 3515-10. If 3515 fails 3485 is the target, Bearish squeeze is traded as Sell Into Rallies.

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  • #19,537
  • Jun 26, 2014 4:58am Jun 26, 2014 4:58am
Quoting T@rantula
AUDCHF is in a retracement mode after the inner trendline has been broken. Now the zig zag might give us a potential trade entry around 8400. The first target is 8360-8350 zone where there is a cluster of near term buyers. Below 8350 AUDCHF is targeting 8330 and 8300. As we can see on the chart, Trendline, 38.2 fib, DPP and H3 are making POC zone. {image}
the down trend line broken, its going up now?
  • #19,538
  • Jun 26, 2014 7:11am Jun 26, 2014 7:11am
Quoting bolehbah69
{quote} the down trend line broken, its going up now?
I would like to see it close to 3655 again to sell
  • #19,539
  • Jun 26, 2014 8:46am Jun 26, 2014 8:46am
EURUSD is dropping nicely now!!
  • #19,540
  • Jun 27, 2014 3:06am Jun 27, 2014 3:06am
Quoting T@rantula
EURCAD is showing some range bound action but we might see a possible retracement to 4625 where opportunities for shorts could be spotted. EURCAD has also shown HIDDEN BEARISH DIVERGENCE around POC level and hidden divergence is a sign of CONTINUATION. Also there is H4 and 38.2 fib confluence at the level. We can also see a near term historical double top mini swing at POC point so 4625 might be a good to look for bearish continuation to 4560 and 4530 respectively. {image}
The final target has been hit!
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