Go Griffinssoul !!
... LOL! Then when I saw lorbax had gone in that gave me extra confidence 
- #45,401
- Dec 1, 2014 6:38am Dec 1, 2014 6:38am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
... LOL! Then when I saw lorbax had gone in that gave me extra confidence 
UCad currently+45pips (a 30/60 SL/TP play) : bounce trade 1H/4H (4H looking great) ... trying a trailing-stop this time [as done by Lastingwell] but I'm terrible at exists/TP [still learning, usually very basic strategies] {image}
snap
My TP isn't deep though. d1 is up and might bounce of weekly pivot. I'm rubbish at exits too.
Intelligence is the ability to adapt to change. Stephen Hawking
- #45,404
- Dec 1, 2014 6:44am Dec 1, 2014 6:44am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
- #45,406
- Dec 1, 2014 6:52am Dec 1, 2014 6:52am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} my minimum 1:3
{quote} Thats really good because even if you lose a few trades you'll be way up in the end. My drawdown was a few pips... LOL... so I didn't need 30SL but its good to have a set play for each TF... with an exact R:R in your favour...
Intelligence is the ability to adapt to change. Stephen Hawking
- #45,408
- Dec 1, 2014 7:11am Dec 1, 2014 7:11am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} my sl was 10 but I stalked my entry using 5min tf. Draw back was 2 pips. Its tested weekly pivot a couple of times. Moved sl to be +5 and tp to 1.3310. Just gunna leave it now. check back in a couple hours.
- #45,409
- Dec 1, 2014 7:15am Dec 1, 2014 7:15am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
{quote} Chladek, Nice meeting you. I don't trade the e/a but just looking at it tells me it is retracing back into the guppy's or retrace back to value. So, I would let it retrace & then look to go long on a signal. {image}
You won't be disappointed, and you'll find half of the crap on your chart redundant soon 
- #45,413
- Dec 1, 2014 7:56am Dec 1, 2014 7:56am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
EU 1 hour - Quick scalp for 36 pips {image}
- #45,415
- Dec 1, 2014 8:04am Dec 1, 2014 8:04am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
short aud usd 1hr chart edt: (counter to usdcad so took profit there 20pips) {image}
{quote} Well done nods80! I'm out +35pips - hit trailing-stop... I think I made a mistake with the news, should have been out perhaps manually @ 56pips? Hard one to decide? But am very happy with the great start to the trading week...
Intelligence is the ability to adapt to change. Stephen Hawking
- #45,417
- Dec 1, 2014 8:08am Dec 1, 2014 8:08am
{quote} When you say stop hunt area, what do you base it on. I've always wondered about stop hunting, would really appreciate if you could hint me towards the right direction
Whatever people say or think about Stop hunting it is always there! I like to look at a chart and think like a MM would! If I was them, where would I think there are Stops to take out!?
On this chart there was 3 chances where a trader could have gone long, each time not going much below the low, so they are building up buyers and when they do this I look for that low to be broken normally by 10-20 pips and then for it to shoot the other way...
Once you change the way you look at the market and think this way, it will help you wait for better trades with the MM!
Give yourself a chance and trade it like it's layed out...
- #45,418
- Dec 1, 2014 8:11am Dec 1, 2014 8:11am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #45,419
- Dec 1, 2014 8:19am Dec 1, 2014 8:19am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
{quote} Hi mate, Whatever people say or think about Stop hunting it is always there! I like to look at a chart and think like a MM would! If I was them, where would I think there are Stops to take out!? On this chart there was 3 chances where a trader could have gone long, each time not going much below the low, so they are building up buyers and when they do this I look for that low to be broken normally by 10-20 pips and then for it to shoot the other way... Once you change the way you look at the market and think this way, it will help you wait...
Makes perfect sense actually! I'll watch out for that next time... Hopefully I can capitalize. One more question though, if you knew it was coming, why not drop to the m15 TF and take the first long signal backed by the HTF TDI (i.e step)?