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Constant Range Bars and ideas!

  • #141
  • Jul 10, 2014 2:07am Jul 10, 2014 2:07am
TRADE 13 AUD/USD +18 pips and 0.74% on account!

This trade was 3rd agressive trade on Aussie which i leaved overnight and my profit was taken ,great isn't it?

Regards!

So I am currently at gbp/jpy sell and need recovery trade second stage on EUR/USD....

Regards!
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  • #142
  • Jul 10, 2014 2:28am Jul 10, 2014 2:28am
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  • #143
  • Jul 10, 2014 2:30am Jul 10, 2014 2:30am
Come on traders,join me in this beautifull journey......
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  • #144
  • Jul 10, 2014 2:32am Jul 10, 2014 2:32am
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  • #145
  • Jul 10, 2014 2:32am Jul 10, 2014 2:32am
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  • #146
  • Jul 10, 2014 3:41am Jul 10, 2014 3:41am
TRADE 14 GBP/JPY +10 pips and 0.36% on account!

EUR/JPY still active currently +7 pips

Regards!
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Click to Enlarge Name: GBPJPYM8.png Size: 56 KB
  • #147
  • Jul 10, 2014 3:53am Jul 10, 2014 3:53am
TRADE 15 EUR/JPY +10.8 pips and 0.39% on account!
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  • #148
  • Jul 10, 2014 2:30pm Jul 10, 2014 2:30pm
TRADE 16 GBP/USD SL hit -15 pips and -0.60% on account!

This thrade will be recovered in future....So now in waiting zone for recovery when opportunity arrive is EUR/USD and GBP/USD!

Regards!
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Click to Enlarge Name: GBPUSDM8.png Size: 57 KB
  • #149
  • Jul 11, 2014 3:13am Jul 11, 2014 3:13am
TRADE 17 GBP/JPY +11.6 pips and 0.4% on account!
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  • #150
  • Jul 11, 2014 3:30am Jul 11, 2014 3:30am
TRADE 18 GBP/USD -15 pips second stage of RECOVERY -1.16 % on account!

Second stage of recovery phase was unsuccessful and now I have to look for 3rd stage.In this cycle now I am down 1858 usd or -1.85% on account I have few directions now what I can do:

1. Take 15 pips,recover whole cycle and start again
2. Take 10 pips to recover second stage only and wait new opportunities to enter again with stage 2
3. Take more than 15 pips to close whole this cycle for a profit
4. Or as it is last day of the week and if you have your weekly target just start from stage 1 in next week,why risk if not necessary

This depends what market will do next week,I need to adopt to it...

Do it as you like but be wise and do it clever......

Regards!
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  • #151
  • Jul 11, 2014 3:39am Jul 11, 2014 3:39am
HINT: You saw from the last 2 posts I enter GBP/JPY buy and GBP/USD sell and it is negative correlation,high probabilities that one pair would go to profit other will hit stop loss.Market was in middle so both directions was possible and i took both directions to take some of profit as other trade will recover in future...So in this idea is to recover only with small amount of pips,not to look for profit because i profited with this correlations trade!!

And don't do it in later stages of recovery as you can stuck,don't be greedy and trade safe!

REGARDS!
  • #152
  • Jul 11, 2014 3:52am Jul 11, 2014 3:52am
PATIENCE!!

It is important to sharp this ability,market rewards you to be patince....picture tells us more than thousand words!!
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  • #153
  • Jul 11, 2014 6:10am Jul 11, 2014 6:10am
TRADE 17 EUR/USD -15 pips RECOVERY trade stage 2 was fail, -1.18%!

Ok once again market won the battle and I am done for this week...will take trade only if I see something really good but doubt it will happen

Regards!
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Click to Enlarge Name: EURUSDM8.png Size: 58 KB
  • #154
  • Jul 11, 2014 7:31am Jul 11, 2014 7:31am
TRADE 18 GBP/USD +12.4 pips RECOVERY stage 3 +1.37% on account!

So with this trade i recovered 2nd stage and now will only enter in stage 2 again to recover stage 1 and need only 7-8 pips again!

Regards!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM8.png Size: 58 KB
  • #155
  • Jul 11, 2014 7:39am Jul 11, 2014 7:39am
REVIEW OF THE WEEK 1!

Guess i miss to post some trades as my trading journal said different and i will follow data of journal and one trade had few positions close because of broker close it on parts so that why there is 26 trades not 18 like I wrote.....this things will happen so not much worry about it!

TRADES TAKEN: 26
Pips taken: 157.1
% on account: 4.32%
Draw Down: 2.53%
Win Rate: 73%

TRADES NEED TO BE RECOVERED: EUR/USD stage 3 (potentially around 1.8%), GBP/USD stage 2 (potentially around 0.6%)

So you see that effective result from first week is 4.32% but 2.4% need to be recovered and my goal is 5% so all good for now (will be 6.72% which is very good, basically 2 year if you put money in bank )

We will see how it is gonna to work next week!

Regards!
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  • #156
  • Jul 14, 2014 2:30am Jul 14, 2014 2:30am
New week started,are we ready to kick some pips?

GBP/JPY +12.8 pips and 0.47% on account!
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  • #157
  • Jul 14, 2014 2:37am Jul 14, 2014 2:37am
GBP/USD -15 pips RECOVERY trade stage 2....So again we have to wait for market and enter with stage 3...

You see this situation on cable,it is rangy and it is quite obvious,but need to move somwhere and have breakout,the questions is WHEN??

No one knows that so our PLAN gives us to be more aggressive and try to predict when signal occur,it will happen but when happens could be strong move and we may miss it so thats why I am more aggressive because my plan permits this kind of trading and it is still stress free....

Next stage will be stage stage 3 and need only 15-16 pips to recover whole cycle...

Regards!
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  • #158
  • Jul 14, 2014 2:51am Jul 14, 2014 2:51am
EUR/USD +12.2 pips RECOVERY stage 3.....Recovered stage 2 so only 7-8 pips needed to close this cycle althought I was undisciplined this time cos should leave this for more pips to close whole cycle but no one is perfect and this things will happen,EMOTIONS ARE OUR ENEMY in trading!

Let's move forward...

Regards!
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  • #159
  • Jul 14, 2014 3:02am Jul 14, 2014 3:02am
EMOTIONS!!

Put them aside when you are trading....
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  • #160
  • Jul 14, 2014 3:07am Jul 14, 2014 3:07am
EUR/USD need stage 2 to recover full..... (7-8pips)

GBP/USD need stage 3 to recover full..... (15-16 pips)

All other trades are flat for now.....

Regards!
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