Ok folks i kiss defeat after a very long time. I am sorry if there are those affected. Ofcourse this is not a holy grail set up and it remained few pips to take profit when all pairs were turned back by the channel. The fear of higher tf channel is the beginning of trading, this I know but was careless to check it out until i started seeing abnormal price behavior. I apologize profusely as I take responsibility. I just want your opinion on this, should I stop all this my postings as one has failed or do I continue? More GreenPips To Your Elbows.
- #782
- Oct 9, 2014 10:29am Oct 9, 2014 10:29am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Ok folks i kiss defeat after a very long time. I am sorry if there are those affected. Ofcourse this is not a holy grail set up and it remained few pips to take profit when all pairs were turned back by the channel. The fear of higher tf channel is the beginning of trading, this I know but was careless to check it out until i started seeing abnormal price behavior. I apologize profusely as I take responsibility. I just want your opinion on this, should I stop all this my postings as one has failed or do I continue? More GreenPips To Your Elbows....
You have nothing to apologise for. Trading is an individual's responsibility not anyone else's. Your posts are very educational and have excellent quality. You've also answered people's private messages to you (including mine) and you've been quite generous with what you've given.
So please keep posting as your contribution is valued.
Vlad
A pip is only worth it if you know how much you risked to earn it
- #784
- Oct 9, 2014 10:40am Oct 9, 2014 10:40am
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
- #785
- Oct 9, 2014 10:58am Oct 9, 2014 10:58am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Ok folks i kiss defeat after a very long time. I am sorry if there are those affected. Ofcourse this is not a holy grail set up and it remained few pips to take profit when all pairs were turned back by the channel. The fear of higher tf channel is the beginning of trading, this I know but was careless to check it out until i started seeing abnormal price behavior. I apologize profusely as I take responsibility. I just want your opinion on this, should I stop all this my postings as one has failed or do I continue? More GreenPips To Your Elbows....
Loosen up man.
Don't be so hard on yourself. Let others take responsibility for "their actions". Anyway, 1 from 136 means you still can get it wrong another 67 times and we should still all breakeven.
Cut your Losers short and let your Winners run.
{quote} As long as you needUPD: I will give you a little clue. At some pictures Cate showed us a chart from July 2013 and asked to find the similarity. Another time that was yerterday's chart. And sometimes that was just one chart. Think about it.. UPD2: Take a look at post # 201 (http://www.forexfactory.com/showthread.php?p=7761724#post7761724). And the answer why Cate took that trade is at the picture below: {image} Artem
I edit the picture from artem's post to show what I think is another trade. Did I get it right?
I want more brain power!
and have a look at this!!! when i have time to stay in front of the computer to monitor my trade, i cover all the losses plus with some nice 70 pips profit.. my previous profit was 0.09 usd and now it jump to 0.16 usd nice right? follow the trade on - 18/9/2014 (thursday) the market move 120 pip. and i capture all 120 pips. that how good the loophole is. - 19/9/2014 (friday) i only make 20 pips. as i don't like to trade on Friday. but, it does comply with 20 pip per day right? {image} {image}
you buy .01 lot
then put about .03 lot sell stop
then if nedded:
you put about .06 lot buy stop
and so on.
- #793
- Oct 9, 2014 11:32pm Oct 9, 2014 11:32pm
- | Joined Apr 2008 | Status: Trader | 1,040 Posts
Ok folks i kiss defeat after a very long time. I am sorry if there are those affected. ~~More GreenPips To Your Elbows.
How you can post live trading charts without impacting on your own trading is beyond me, let alone answering a bucket lot of PMs every day. That's why I have not sent you one! - until now
Good Trading
- #799
- Oct 10, 2014 4:49am Oct 10, 2014 4:49am
FXACTION,
Nice to see some higher TF charts from you. I've been also watching GBPCAD and have similar outlook but may be it's not safe yet to short it because we don't have higher TF confirmation. Markets dynamics are a little complex on this pair- we've had a W within a M range market in the past months.On M chart P has been in a RM defined by the H and L of 1 candle(control bar/ master candle). We don't have a M close below that RM. On W and D chart things look better but still it''s safer to wait for the break on M chart and then wait for confirmation (retest of broken level + bearish PA) on lower TF (W and D).
Nice to see some higher TF charts from you. I've been also watching GBPCAD and have similar outlook but may be it's not safe yet to short it because we don't have higher TF confirmation. Markets dynamics are a little complex on this pair- we've had a W within a M range market in the past months.On M chart P has been in a RM defined by the H and L of 1 candle(control bar/ master candle). We don't have a M close below that RM. On W and D chart things look better but still it''s safer to wait for the break on M chart and then wait for confirmation (retest of broken level + bearish PA) on lower TF (W and D).