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  • #6,401
  • Oct 14, 2014 1:21am Oct 14, 2014 1:21am
Quoting MrketSniper
I have been opening my long at 1.11950 and closed it around 1.12050. And short to 1.11950. If you look at yesterday how many times it has been going up and down around this range, it is really good profit.
Won't always be the case.
  • #6,402
  • Oct 14, 2014 1:55am Oct 14, 2014 1:55am
Quoting MrketSniper
I have been opening my long at 1.11950 and closed it around 1.12050. And short to 1.11950. If you look at yesterday how many times it has been going up and down around this range, it is really good profit.
if u talkin abt yesterday thn i would say yesterday there ws bank holiday in USA & Canada thats the reason price ws in range...
only my thought ..
  • #6,403
  • Oct 14, 2014 2:31am Oct 14, 2014 2:31am
Quoting mima
{quote} Thank you. Which bar on chart is EEB and which one is EFB specifically?
Please see my answer to your question in my journal.

The reason my answer is in there and not in here in this thread is::
...it is referring to a different pair than this thread is dedicated to and some participants here my take offence.
...additionally, my example is current meaning-the scenario of the referenced pair is currently playing out.
...the example is referring to the Daily and Weekly Charts so no rush.
  • #6,404
  • Oct 14, 2014 3:00am Oct 14, 2014 3:00am
Quoting H4-forex
{quote} hi sunshine... thx for ur words... well im already in trade from last week ...lookin for more 300pips up.... how abt u ?
hi H4,

are u still in that long trade ? i sincerely hope so.
and i think u may get your 300 pips, but why settle for so little when u can get double or triple that.

How to get 600 pips u may ask ? [u obviously know but i'm nonetheless answering myself]
i would suggest;

  1. not necessarily by holding longer but by having a multitude of stacked trades in the same direction.
  2. to enter on retracements or whenever you get a buy signal,
  3. keep trade size the same,
  4. enter from smaller intraday TF's. i find the 30mins quite helpful but maybe u prefer 15mins or 1hr chart pyramids.
  5. u can hold these trades the same as your original intended holding period for that 300 pips OR
  6. u may trade them intraday, should u have the time and inclination...meaning buying and closing when up 15, 20 or 30 pips, or any variation that pleases u. Thus smoothing your equity curve and and your feel-good emotions.

​Yesterday i made a HUGE mistake...i'm embarrassed to say that i forgot about the North American countries' bank holidays. I normally don't enter trades during those days because the PA will be just churning, instead of continuing trend or reversing trend.

  • #6,405
  • Oct 14, 2014 3:15am Oct 14, 2014 3:15am
Quoting sunshine
{quote} hi H4, are u still in that long trade ? i sincerely hope so. and i think u may get your 300 pips, but why settle for so little when u can get double or triple that. How to get 600 pips u may ask ? [u obviously know but i'm nonetheless answering myself] i would suggest; not necessarily by holding longer but by having a multitude of stacked trades in the same direction. to enter on retracements or whenever you get a buy signal, keep trade size the same, enter from smaller intraday TF's. i find the 30mins quite helpful but maybe u prefer...
Hi sunshine,
yes im still in trade its abt 2weeks ne i think ... Well i totally agree with u ... But my prob is whn i try to make more money or try to open more trade i lose money :/
but i ll try to follow u ....
u can chk my trades ...
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  • #6,406
  • Oct 14, 2014 3:32am Oct 14, 2014 3:32am
How much further can this guy go up
  • #6,407
  • Oct 14, 2014 3:39am Oct 14, 2014 3:39am
Mkt has executed my sell limit @ 1.1245.
  • #6,408
  • Oct 14, 2014 3:51am Oct 14, 2014 3:51am
Hi H4,

Excellent, u don't need my guidance, u obviously know what to do...Well Done.
  • #6,409
  • Oct 14, 2014 4:34am Oct 14, 2014 4:34am
H4,

this is what i do very monday morning as soon i get time to look at some open trades which is usually just after 6am and after i've made peculated coffee for my madam and i, we both down 2 cups every morning from the "best" roasted beans and that caffeine keeps me running till around 11 sometimes till 2pm.

Firstly,
Monday morning is housekeeping for all my open trades,

i assess the Daily Chart for continued follow thru on ALL my trades on that specific platform.
should i sense from last weeks PA that a deep retrace may happen, i will close some of them or all of them.
one or 2 trades may even be in small losses, those i also close, but if i sense no deep retrace or reversal of direction than i will keep them open because as far as my trading direction is concerned, all is well.

i will open new trades should i have entry signals, no signals no new trade. (incidentally, i'm reviewing an android trading platform from oanda on demo on my S4 mobile fone, and the largest TF it has is daily. at first i thought that that would be a drawback because i use Weekly for trading direction on most of my accounts, but i found on the contrary. necessity has forced me to develop and accept the daily direction of price for my new trades on the mobile...and i'm happy to report that after 4 weeks i'm up like +_15% and the monday housekeeping steadily adds equity. i dont like their low 50:1 trade leverage, i'm used to and prefer 100:1 because i enter multiple trades during the course of the trading week. i document some of those trades over on my journal, i think i should take a screenshot every monday after housekeeping and post it in my journal for reference.)

Can u tell me why u are losing money on your additional trades as u mentioned, specifically what timeframes are u looking at when u get an entry signal, maybe i or other traders here can be of assistance.
  • #6,410
  • Oct 14, 2014 5:39am Oct 14, 2014 5:39am
Hi guys what about to sell at 1.1262?
  • #6,411
  • Oct 14, 2014 1:12pm Oct 14, 2014 1:12pm
Quoting sunshine
Hi H4, Excellent, u don't need my guidance, u obviously know what to do...Well Done.
thanks you very much ...

well only when i try grab some extra pips n always go opposite direction of trend
thn i lose my trade .. i knw no one can help me abt this stupid habit ... but im tryin to avoid check my account every time...
whenever i try to check my account i always do something wrong
btw thx for your detailed answer abt trading ....
  • #6,412
  • Oct 15, 2014 3:38am Oct 15, 2014 3:38am
Cannot believe this run up and no signs of abating.
  • #6,413
  • Oct 15, 2014 3:44am Oct 15, 2014 3:44am
Quoting duderoo1
Cannot believe this run up and no signs of abating.
Just spill off from the massive crushing in OIL prices. If we get some negative data from US today might see a pullback but long term this only going higher
All posts are my personal opinion
  • #6,414
  • Oct 15, 2014 3:44am Oct 15, 2014 3:44am
Quoting duderoo1
Cannot believe this run up and no signs of abating.
it gonna touch 1.5xxx
  • #6,415
  • Oct 15, 2014 3:52am Oct 15, 2014 3:52am
Quoting H4-forex
{quote} it gonna touch 1.5xxx
no. maybe 1.15-1.19
All posts are my personal opinion
  • #6,416
  • Oct 15, 2014 4:02am Oct 15, 2014 4:02am
Quoting Rtm
{quote} no. maybe 1.15-1.19
Oops !
im sorry ... Yes 1.15xxxx
  • #6,417
  • Oct 15, 2014 4:12am Oct 15, 2014 4:12am
Quoting H4-forex
{quote} Oops ! im sorry ... Yes 1.15xxxx
All posts are my personal opinion
  • #6,418
  • Oct 15, 2014 8:30am Oct 15, 2014 8:30am
Quoting Rtm
{quote}
not sure now - what a bummer on this pair, it does not look good
  • #6,419
  • Edited 9:25am Oct 15, 2014 9:05am | Edited 9:25am
Quoting Compulsive
{quote} not sure now - what a bummer on this pair, it does not look good
I was short before news. Got out minutes before.. Sell the rallies. Crude hitting deep support, UCAD leading already today with the drop.
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All posts are my personal opinion
  • #6,420
  • Oct 15, 2014 9:06am Oct 15, 2014 9:06am
One serious correction.
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