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Trading the middle TZ's

  • #121
  • Mar 9, 2015 11:43am Mar 9, 2015 11:43am
Quoting Albertdkpllh
{quote} I should have taken this last trade for the day. Anyway, I hope you see this would have hit my target real quick. {image}
yep thanks, it's clear now.

I am also interested in this what singha asked.
And how many pairs do you watch ?
  • #122
  • Mar 9, 2015 11:53am Mar 9, 2015 11:53am
Quoting Singha83
I have a question. How do you scan for these? Do you check specific currencies every hour? Do you have an alert? I am trying to follow along but how simple it is, is there a way you can anticipate an entry tz therefore put it in a "watchlist" for closer observation. Thanks!
I have about six markets opened. I check 5min to every hour for a porential break out like this.
My help is in the name of the Lord who made heaven and earth.
  • #123
  • Mar 9, 2015 11:54am Mar 9, 2015 11:54am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 61 KB
My help is in the name of the Lord who made heaven and earth.
  • #124
  • Mar 9, 2015 11:56am Mar 9, 2015 11:56am
Quoting Albertdkpllh
{image}
if that candle closes above the line, yep.
My help is in the name of the Lord who made heaven and earth.
  • #125
  • Mar 9, 2015 11:57am Mar 9, 2015 11:57am
Quoting Albertdkpllh
{quote} if that candle closes above the line, yep.
1min to go for that candle
My help is in the name of the Lord who made heaven and earth.
  • #126
  • Mar 9, 2015 12:00pm Mar 9, 2015 12:00pm
Quoting Albertdkpllh
{quote} 1min to go for that candle
I should have taken this trade. spread too big
My help is in the name of the Lord who made heaven and earth.
  • #127
  • Mar 9, 2015 12:01pm Mar 9, 2015 12:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 61 KB
My help is in the name of the Lord who made heaven and earth.
  • #128
  • Mar 9, 2015 12:09pm Mar 9, 2015 12:09pm
Quoting Albertdkpllh
{quote} I should have taken this last trade for the day. Anyway, I hope you see this would have hit my target real quick. {image}
Wooow you remember this chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 63 KB
My help is in the name of the Lord who made heaven and earth.
  • #129
  • Mar 9, 2015 12:32pm Mar 9, 2015 12:32pm
Potential MTZ in the making. it bean entry opportunity only when it closes above the line. The further away it is closes from the line the higher the potential MTZ will be the better my chances of taking 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 58 KB
My help is in the name of the Lord who made heaven and earth.
  • #130
  • Mar 9, 2015 1:02pm Mar 9, 2015 1:02pm
NO trade, right?

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.jpg Size: 234 KB
  • #131
  • Mar 9, 2015 5:31pm Mar 9, 2015 5:31pm
Quoting Hoffi4201
NO trade, right? {image}
Its a good trade. Perfect entry, the type i look for. The zone has a height of about 18 pips. Then you manage it the best possible way.

. I see its struggling though.
My help is in the name of the Lord who made heaven and earth.
  • #132
  • Mar 9, 2015 6:37pm Mar 9, 2015 6:37pm
last for the day
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 49 KB
My help is in the name of the Lord who made heaven and earth.
  • #133
  • Mar 9, 2015 7:47pm Mar 9, 2015 7:47pm
Do you mind giving your settings for the %B channel? The one provided on the template doesn't match up to your charts.
I love forex. One day it will love me back.
  • #134
  • Mar 9, 2015 8:54pm Mar 9, 2015 8:54pm
Quoting Singha83
Do you mind giving your settings for the %B channel? The one provided on the template doesn't match up to your charts.
Attached Images
My help is in the name of the Lord who made heaven and earth.
  • #135
  • Mar 9, 2015 9:12pm Mar 9, 2015 9:12pm
Thank you! I have not traded yet with your strategy but I have been paying attention to this thread and will give it a shot in a day or two. I actually been taking "mental trades" and I think U/J fits the criteria right now. Seeing how it goes.
I love forex. One day it will love me back.
  • #136
  • Mar 9, 2015 9:12pm Mar 9, 2015 9:12pm
Quoting Albertdkpllh
last for the day {image}
Sorry pal but over a 5:1 risk:reward will set you back severely sooner or later. A single loss wipes 5 (or more) days of trading. Some of your other screenshots I've seen have an even worse risk to reward. If your strategy is working, why not tweak it to get more out of the trade to even your risk/reward up.

As it stands, not only will a few losses in a row damage the account, but it will screw with your psychology and mindset which is just as important, if not more, when trading (I know I'd be all over the place if I just lost 2 trades in a row setting me back 10 days of trading, which is why I don't put myself in that position).
  • #137
  • Mar 9, 2015 11:09pm Mar 9, 2015 11:09pm
Goodmorning
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 59 KB
My help is in the name of the Lord who made heaven and earth.
  • #138
  • Mar 9, 2015 11:33pm Mar 9, 2015 11:33pm
Quoting Albertdkpllh
Goodmorning {image}
GM! and also same situation in EurGbp.
  • #139
  • Mar 9, 2015 11:53pm Mar 9, 2015 11:53pm
Possible MZ in AudJpy ?
  • #140
  • Mar 10, 2015 12:13am Mar 10, 2015 12:13am
Quoting Albertdkpllh
Goodmorning {image}
I think its better to wait for London open.
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