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More simple is impossible

  • #1,401
  • Mar 25, 2015 11:23am Mar 25, 2015 11:23am
Completely unrelated to trading. Have you ever wondered how many airplanes are flying over your head at any minute of the day. Look at this, this updates every minute, it is a miracle that a few more do not fall out of the sky.
First 1 is USA, second 1 is Europe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Flightradar.png Size: 760 KB
Click to Enlarge Name: Flightradar2.png Size: 925 KB
Cut your Losers short and let your Winners run.
  • #1,402
  • Mar 26, 2015 4:57am Mar 26, 2015 4:57am
I am curious, which one did you trade and which one would you trade now?? and why??
These are 5 minute charts not Renko.
Attached Image (click to enlarge)
Click to Enlarge Name: which one.png Size: 65 KB
Attached Image
Cut your Losers short and let your Winners run.
  • #1,403
  • Mar 26, 2015 5:05am Mar 26, 2015 5:05am
Quoting dee50
I am curious, which one did you trade and which one would you trade now?? and why?? These are 5 minute charts not Renko. {image} {image}
I would trade USDCAD Long ... div MACD and low STOCH and 2 Green bars = Target 1.2450
and also USDJPY seems that goes UP ... but I would wait for next green bar...
  • #1,404
  • Mar 26, 2015 5:15am Mar 26, 2015 5:15am
Quoting Aeb82
{quote} I would trade USDCAD Long ... div MACD and low STOCH and 2 Green bars = Target 1.2450 and also USDJPY seems that goes UP ... but I would wait for next green bar...
OK I agree, that's one possible, there is also a HTF arguement. Look, and HTF Divergence on the 1hr and 4 hr.

Any others? Let's see if any one else answers
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4260315.png Size: 59 KB
Cut your Losers short and let your Winners run.
  • #1,405
  • Mar 26, 2015 5:35am Mar 26, 2015 5:35am
One thing more to consider on the USDCAD. How big have the pullbacks been, are your expectations realistic? Is this the reversal back into HTF Trend, is this the bottom of the HTF channel, is there a god, will Jupiter collide with Mars, will Men ever "really" listen to Women, are Politicians really necessary.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5260315.png Size: 56 KB
Cut your Losers short and let your Winners run.
  • #1,406
  • Mar 26, 2015 6:26am Mar 26, 2015 6:26am
HAH HAH HAH. You obviously thought it was a trick question, so you all rushed NOT to answer. Multiple choice trades, which one should I go for? there I was hoping for some guidance. And it seems no one traded the Open?
Thank you for your input Aeb82 it was much appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: which one2.png Size: 66 KB
Cut your Losers short and let your Winners run.
  • #1,407
  • Mar 26, 2015 6:42am Mar 26, 2015 6:42am
Quoting dee50
One thing more to consider on the USDCAD. How big have the pullbacks been, are your expectations realistic? Is this the reversal back into HTF Trend, is this the bottom of the HTF channel, is there a god, will Jupiter collide with Mars, will Men ever "really" listen to Women, are Politicians really necessary. {image}
I got problem with internet.
why Target 1.2450 ? ...it seems to me that BRN would be nice... I didnt mistaken much, it was 1.2444 ... :]
Looking at your charts I focused more on trades than targets ...

Please, do more such CHARTS-TESTs I like it and there is very educational for me, too.

You are welcome, Dee50
I thank U
  • #1,408
  • Mar 26, 2015 6:53am Mar 26, 2015 6:53am
Quoting dee50
HAH HAH HAH. You obviously thought it was a trick question, so you all rushed NOT to answer. Multiple choice trades, which one should I go for? there I was hoping for some guidance. And it seems no one traded the Open? Thank you for your input Aeb82 it was much appreciated {image}
Dee, sorry no time to analyse 6 charts as working today, normally would be happy to have a go at that. LO trade not overly impressive as messed up stop placement.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-26032015.png Size: 41 KB
Follow, don't anticipate.
  • #1,409
  • Mar 26, 2015 7:17am Mar 26, 2015 7:17am
Quoting Ian
{quote} Dee, sorry no time to analyse 6 charts as working today, normally would be happy to have a go at that. LO trade not overly impressive as messed up stop placement. {image}
I got taken out for a B/E on my first attempt, but second attempt was a bit better.

The day job can be a real pain, I understand, there was no way I would have had time to trade and run my business back in the day so I can see how difficult it is to combine the 2.
Cut your Losers short and let your Winners run.
  • #1,410
  • Mar 26, 2015 7:21am Mar 26, 2015 7:21am
EU +2. EU +56. First attempt today got taken out for B/E very quickly. 2nd attempt ran the distance. I did not take the reversal back down was not convinced it had legs, but now I am waiting to see if it turns back up at the 61.8% retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +2 +56 260315.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #1,411
  • Mar 26, 2015 7:53am Mar 26, 2015 7:53am
EU +38 + ongoing B/E +30. news trade. Took a few minutes for it to get going while the market decided if it was good, bad or indifferent. Think my trailing SL is about to get taken for +30.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +38 +ongoing 260315.png Size: 46 KB
Cut your Losers short and let your Winners run.
  • #1,412
  • Mar 26, 2015 10:26am Mar 26, 2015 10:26am
EU +13. EU +40. What can I say, Don't argue with the market, it wanted to go down so I went with it. i aimed for the confluence zone at 1.0900. Rising Trend line, BRN, 161.8% and S&R, pretty obvious. First trade I trailed too close and got hit for +13, 2nd trade I gave it more room and got +40.
Surely some of you took a slice of this pie??
Attached Image (click to enlarge)
Click to Enlarge Name: EU +13 EU +40 260315.png Size: 50 KB
Cut your Losers short and let your Winners run.
  • #1,413
  • Mar 26, 2015 10:28am Mar 26, 2015 10:28am
Hi Dee,

Got a bit of it but not as much as you, however a profit is a profit, thanks for all the posting

Cheers...Des
  • #1,414
  • Mar 26, 2015 10:39am Mar 26, 2015 10:39am
Quoting des_b
Hi Dee, Got a bit of it but not as much as you, however a profit is a profit, thanks for all the posting Cheers...Des
Glad to hear it and you are right Profit is profit.

I have not forgotten about you and the TTIndy, to be honest I have not been using it that much as my comfort blanket, the EU has been providing for me quite well, i have been looking at it only when things have gone quiet, it saves me opening charts. I will come back to you, hopefully with some thing meaning full.
Cut your Losers short and let your Winners run.
  • #1,415
  • Mar 26, 2015 11:41am Mar 26, 2015 11:41am
Quoting dee50
EU +13. EU +40. What can I say, Don't argue with the market, it wanted to go down so I went with it. i aimed for the confluence zone at 1.0900. Rising Trend line, BRN, 161.8% and S&R, pretty obvious. First trade I trailed too close and got hit for +13, 2nd trade I gave it more room and got +40. Surely some of you took a slice of this pie?? {image}
Dee,
You keep 12 pips SL for EU? Thanks again for all your help.
  • #1,416
  • Mar 26, 2015 12:48pm Mar 26, 2015 12:48pm
Quoting dee50
EU +13. EU +40. What can I say, Don't argue with the market, it wanted to go down so I went with it. i aimed for the confluence zone at 1.0900. Rising Trend line, BRN, 161.8% and S&R, pretty obvious. First trade I trailed too close and got hit for +13, 2nd trade I gave it more room and got +40. Surely some of you took a slice of this pie?? {image}
Hmm, room for improvement, need more than half an eye on the chart..

My ultimate target was just above 5day ADR at 1.0865, I probably would have closed at Y's low (1.8997) if price had stalled there at this time of day. However when we failed to make a new low and there was another bounce at 1.9005 that was the reason for the premature exit.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-26032015-1.png Size: 36 KB
Follow, don't anticipate.
  • #1,417
  • Mar 26, 2015 1:06pm Mar 26, 2015 1:06pm
Quoting Ian
{quote} Hmm, room for improvement, need more than half an eye on the chart.. My ultimate target was just above 5day ADR at 1.0865, I probably would have closed at Y's low (1.8997) if price had stalled there at this time of day. However when we failed to make a new low and there was another bounce at 1.9005 that was the reason for the premature exit. {image}
Your last trade was almost the same as mine ... now some UP maybe 1.0900 again we will see and than
I expect 1.0630 ...from Big ABCD formation 1.1048 - 420pips = 1.0630
  • #1,418
  • Mar 26, 2015 1:10pm Mar 26, 2015 1:10pm
Quoting Aeb82
{quote} Your last trade was almost the same as mine ... now some UP maybe 1.0900 again we will see and than I expect 1.0630 ...from Big ABCD formation 1.1048 - 420pips = 1.0630
Thanks, you made me feel better..
Follow, don't anticipate.
  • #1,419
  • Mar 26, 2015 1:29pm Mar 26, 2015 1:29pm
Quoting bluejack
{quote} Dee, You keep 12 pips SL for EU? Thanks again for all your help.
Not that simple!!! I take it you got that number from the image of the OCT.

I tend to put my SL behind the last swing/pullback, but it really is just a safety measure, because I "generally" move to B/E fairly quickly there is usually very little chance that the stop loss will get hit, only if I suffer a bout of momentary madness and go short when I mean to go long would there be much danger of my SL being hit.

The swing is often no more than 12 - 15 pips away because I like to enter as early as possible after the reversal. if I have waited to enter and the swing is more than 20 pips away I will limit the SL to 20 but start trailing it in as the trade moves in to profit, but again the object is to get to B/E quickly.
Cut your Losers short and let your Winners run.
  • #1,420
  • Mar 26, 2015 4:49pm Mar 26, 2015 4:49pm
Quoting dee50
{quote} Not that simple!!! I take it you got that number from the image of the OCT. I tend to put my SL behind the last swing/pullback, but it really is just a safety measure, because I "generally" move to B/E fairly quickly there is usually very little chance that the stop loss will get hit, only if I suffer a bout of momentary madness and go short when I mean to go long would there be much danger of my SL being hit. The swing is often no more than 12 - 15 pips away because I like to enter as early as possible after the reversal. if I have waited...
Thank You.
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