my system of 20 pips | Page 47 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My Fix Plan: SL 20 pips & TP 5 pips 4 replies

Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies

Flappy Pips - How to keep your hard earn PIPS 7 replies

I lose 40 pips and win 6 to 10 pips... 17 replies

spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies

Attachments: my system of 20 pips
Exit Attachments

my system of 20 pips

  • #921
  • Oct 15, 2014 6:52am Oct 15, 2014 6:52am
AUDCHF at important level
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFDaily.png Size: 46 KB

On 1H PA is compressing. If it taps the lower tl at 0.83 wouldn't that be a 3 tap? FXAction is better to wait for the price to break out of triangle?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFH1.png Size: 48 KB
  • #922
  • Oct 15, 2014 7:24am Oct 15, 2014 7:24am
Quoting FXAction
{quote} Three tap has its rules. study Lawgirl

study what exactly?
  • #923
  • Oct 15, 2014 7:57am Oct 15, 2014 7:57am
[quote=ponchofx;7802160] On 1H PA is compressing. If it taps the lower tl at 0.83 wouldn't that be a 3 tap? FXAction is better to wait for the price to break out of triangle? {image}[/quote

defiitely that's a 3 tap, but we have to wait for pa's behavior whether it will break thru the ltl or bouce and go back up to enter sell or buy my 2cents.
  • #924
  • Oct 15, 2014 7:57am Oct 15, 2014 7:57am
Three tap is a chart pattern

http://www.forexfactory.com/showthread.php?t=257876
  • #925
  • Oct 15, 2014 8:06am Oct 15, 2014 8:06am
Quoting whydak
Possible setup on GBPUSD. Cate Rules + filling the gap. But important news comming soon.
I planned the trade, but still not feel comfortable with that method. I had TP at gap, but chickened out too early.

Still need to work on my patience (patient is a virtue ). At least day on plus.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 33 KB
  • #926
  • Oct 15, 2014 8:57am Oct 15, 2014 8:57am
Quoting FXAction
Picking pips becomes a stroll in the park. I will bull again if present level is broken {image}
THe market decided to change its mind on GJ LOL, failed GJ. NU, AU and GU made my day in grand style.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 10 KB
Attached Image
  • #927
  • Oct 15, 2014 9:18am Oct 15, 2014 9:18am
Quoting FXAction
{quote} THe market decided to change its mind on GJ LOL, failed GJ. NU, AU and GU made my day in grand style. {image} {image}

I notice you don't seem to have stop loss. At what point do you decide "the market changed its mind"?

Any rules?
  • #928
  • Edited 1:32pm Oct 15, 2014 9:24am | Edited 1:32pm
Quoting leeshindig
{quote} I notice you don't seem to have stop loss. At what point do you decide "the market changed its mind"? Any rules?
One of the people that I learned trading from are the Turtles and if you read their history you will understand that they do not use stop losses because of stop-hunting by brokers. So what I do is to have a mental SL so that when price breeches that level I will exit. If however I will be away from my PC, then I will surely place a SL.
  • #929
  • Oct 15, 2014 9:25am Oct 15, 2014 9:25am
Quoting leeshindig
{quote} I notice you don't seem to have stop loss. At what point do you decide "the market changed its mind"? Any rules?
The most recent swing low or swing high
  • #930
  • Edited 9:55am Oct 15, 2014 9:30am | Edited 9:55am
Quoting FXAction
{quote} THe market decided to change its mind on GJ LOL, failed GJ. NU, AU and GU made my day in grand style. {image} {image}
U re doing a nice work here my brother. I love what u are doing here. U brought live to psychology levels trading, price action and chart patterns. I give u this.

Thanks! God bless u.

The main thing that made u dare to me is that u resigned as a senior lecturer to devote time for fx full time. I m impressed

I m really learning from u only that we have parallel trading styles.

I m not also doing bad in my swing trading.

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: swing trading.JPG Size: 111 KB
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #931
  • Oct 15, 2014 10:09am Oct 15, 2014 10:09am
FXAction,
I would like to ask you about the psychological aspect of trading. Being so accurate and almost a 100% profitable on your trades you could trade multiple lots. Does the position size affect your judgement and trading decisions in some way and how do you deal with the pressure?
  • #932
  • Oct 15, 2014 10:09am Oct 15, 2014 10:09am
Quoting Opemipo
{quote} U re doing a nice work here my brother. I love what u are doing here. U brought live to psychology levels trading, price action and chart patterns. I give u this. Thanks! God bless u. The main thing that made u dare to me is that u resigned as a senior lecturer to devote time for fx full time. I m impressed I m really learning from u only that we have parallel trading styles. I m not also doing bad in my swing trading. Thanks! {image}
Thank you very much my brother Phemmy. I am very conversant with your pedigree and reputation. We from this clime are great traders. I believe we will meet someday. Ogun is a stonethrow from Lagos. Concerning our trading style, I believe there is nothing parallel, there must be a convergence somewhere when the market is put to scrutiny. Wish you all the best. More GreenPips To Your Elbow.
  • #933
  • Oct 15, 2014 10:15am Oct 15, 2014 10:15am
Quoting ponchofx
FXAction, I would like to ask you about the psychological aspect of trading. Being so accurate and almost a 100% profitable on your trades you could trade multiple lots. Does the position size affect your judgement and trading decisions in some way and how do you deal with the pressure?
I must confess, this is an area which I have a problem and must find a solution to. You see, there are setups I will see and fire from all cylinders but this of course is unprofessional. I hope my maker will soon bring a solution soonest. More GreenPips To Your Elbow.
  • #934
  • Oct 15, 2014 10:19am Oct 15, 2014 10:19am
Quoting FXAction
{quote} Thank you very much my brother Phemmy. I am very conversant with your pedigree and reputation. We from this clime are great traders. I believe we will meet someday. Ogun is a stonethrow from Lagos. Concerning our trading style, I believe there is nothing parallel, there must be a convergence somewhere when the market is put to scrutiny. Wish you all the best. More GreenPips To Your Elbow.
Thanks so much!

Few years ago, I was introduced to this psychology trading but it was poorly taught.

But yours is clear enough to understand.

I am learning really learning.

Check ur pm.

Thanks!

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #935
  • Oct 15, 2014 7:48pm Oct 15, 2014 7:48pm
Hi Opemipo, everything is ok with you?
I wish good luck to your system under test now.
I will place a trade of mine - GBP / JPY - M15
greetings,
JVBS

Attached Image
Work very hard until you get there (excuse my english)
  • #936
  • Oct 16, 2014 12:27am Oct 16, 2014 12:27am
Quoting jvbs
Hi Opemipo, everything is ok with you? I wish good luck to your system under test now. I will place a trade of mine - GBP / JPY - M15 greetings, JVBS {image}
Long time my brother!

More pips to u.
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #937
  • Oct 16, 2014 1:59am Oct 16, 2014 1:59am
Good morning Folks. First strike this morning. I intend that GJ will vomit the entire loss I made from it yesterday. More GreenPips To Your Elbow.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 10 KB
  • #938
  • Oct 16, 2014 2:22am Oct 16, 2014 2:22am
FXAction,
Look at the V-shaped bottom of EURGBP and classic hook. Have I marked the demand zone correctly(although it may go down a little more to the D tl)
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 38 KB
  • #939
  • Oct 16, 2014 2:31am Oct 16, 2014 2:31am
Hi FXAction,

I think this is a buy set up. Am I right?
Attached Image (click to enlarge)
Click to Enlarge Name: my FXaction1.jpg Size: 74 KB
  • #940
  • Oct 16, 2014 2:34am Oct 16, 2014 2:34am
Hi FxAction,

It looks like a breakout trade right??
0 traders viewing now