Not about how much you win, but how much you loose
- | Membership Revoked | Joined Nov 2012 | 3,392 Posts
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
- | Membership Revoked | Joined Nov 2012 | 3,392 Posts
example of many signals for counter trend
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
- | Membership Revoked | Joined Nov 2012 | 3,392 Posts
{quote} ok, I put a Limit order at 0.79535 which just fired, let's see where it leads me to :nerd:
hi
my signals are showing to sell, and the swap of short is +ve so i will do a sell trade like you too.
i have opened one sell trade e/g of 0.01 lot and the profit is the bottom line of the i-reg
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
Interesting thread, makes a nice change from the my trade is bigger than yours kind of stuff!
Am I thinking too simple here? most breakouts are false, something I learned many years ago and never got to grips with until now. Breakouts fool us into thinking where the price is going. Poor retailers jump on the short term trend and get hit!
Most of my trades are done against the short term trend when a breakout occurs. Not always the best entries but getting about 70% positive trades. Eur/Gbp broken out above the 0.7900 level and will likely fade back into the range. Thats what I might do. Don't trade this pair normally but my extra bias is I am generally a bear and like a short trade
Am I thinking too simple here? most breakouts are false, something I learned many years ago and never got to grips with until now. Breakouts fool us into thinking where the price is going. Poor retailers jump on the short term trend and get hit!
Most of my trades are done against the short term trend when a breakout occurs. Not always the best entries but getting about 70% positive trades. Eur/Gbp broken out above the 0.7900 level and will likely fade back into the range. Thats what I might do. Don't trade this pair normally but my extra bias is I am generally a bear and like a short trade
Short Euro and remaining that way. That's just the way it is !
{quote} Any additional levels down there? {image}
But I think it will hit 0.7963 before turning downwards - since this is an old uncleared area... and I have a 118.7+ pips trade going on and it's soon to be hit
Did you get some nice pips from EUR/USD besides the stop hunts?
Because you were totally correct.
{quote} I can't spot other besides 0.7869 - which hasn't been cleared as Ullen called. But I think it will hit 0.7963 before turning downwards - since this is an old uncleared area... and I have a 118.7+ pips trade going on and it's soon to be hit
{quote} Keep your eye on it.... It's monitored. PS. A massive chance to profit, whoever is into money flow.
Also, 0.7963 is a very old area. The problem having areas remaining open for that long is massive potential dd, if you have the math right levels will be hit fairly soon.
{quote} I don't have any levels down there except for big tf's which I don't trade, just like to see for knowing. I have more immediate levels, one was bullish and one @ 0.79403. {quote} Yea added a few positons to two of my accounts. Also, 0.7963 is a very old area. The problem having areas remaining open for that long is massive potential dd, if you have the math right levels will be hit fairly soon.
I'm experiencing too many DD-situations unfortunately... but so far on 62 consecutive wins although I have a negative float.
What do you think about USD/CHF? - Just added a small short so far... dunno about its outcome!
And what do you mean by ''doing the math right and then the levels will be hit fairly soon''? Is it your way of timing good entries with potential low DD?
{quote} Cool with the EUR/USD-trade - I regret I did not take some shorts on that one...
It's the secret to a part of the method, not gonna divulge it here.
CT trade.. If you short USD/JPY now you'll get about 20pips...
Now let me throw in my idea to the strategy. Delete my post if you feel it reveals anything.
We are looking at the 15m chart.
Trigger for a trade is an unusually big move consisting of 1-5 candles with little to no wick.
We dont know what caused this move, it may be news or just big players stop hunting, but its not relevant.
As soon as we see price is not going any further, we buy or sell in the opposite direction of the big move.
It will take some time for price to get back to its "real" price, so entries are sometimes possible hours later.
Here is my sample:
Is this somewhat correct or am I way off?
Cheers.