Some expectations for the coming week, Greetings
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Ratios & Harmonics: a Different Way to Trade
- #13,424
- Mar 23, 2015 3:32am Mar 23, 2015 3:32am
{quote} Super! Seems I will need to find time and go on testing the old fashionated waySo far The trader's gym by Tradeinterceptor seems to do the job nicely...only problem you have to be online to access data...doesn't seem to work offline. Another question related to my time for trading Vs. dayjob. I live currently in Germany, nice for normal dayworking activity, deadly for daytrading style activity...I wake up everyday at 5 am to study and practice, start working at 7:30 or so and finish around 5:30pm... By the time I am finished, the party...
the beauty of trading (other then try and make money)is that you can make it "fit to suit" around your social/work/family commitments etc,,,, and any strategy you master should work well on any time frame you choose to trade however the difference lies in the amount of pips, so you'll need to adjust your money management.
so may be a Daily or 8 hours time frame is suitable for your life style now, which means the risk is going to be higher, so in that case reduce the stake, ie; if your M/M allows you to lose for example 50 Euro on a trade and your risk is 50 pips on a 15mn T/F or 200 pips on a daily T/F, then just do the math ,, 200pips/50eur =0,25eur stake,, or 50pips/50eur= 1 eur stake.
the opportunities on a higher time frame may be less but the amount of pips is much greater which it balances itself nicely at the end.
whatever strategy you choose to go for whether testing the 61.8% or any other to that matter, just make sure you back test it at least 200 times, and you'll soon realise what works and what doesn't. it involves a bit of hard work and screen time but the end result is worth it.
happy trading
- #13,430
- Mar 31, 2015 7:02am Mar 31, 2015 7:02am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
EURJPY [M15 chart] - opportunity for those who want it!
Good Trading,
Masterrmind.............
Good Trading,
Masterrmind.............
Master your Mind then Master your Trades
- #13,431
- Mar 31, 2015 7:18am Mar 31, 2015 7:18am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
EURJPY [M15 chart] - opportunity for those who want it! {image} Good Trading, Masterrmind.............
Evolving opportunity.........
Observe it, time it, execute it!
or
Reject it!
Masterrmind........... :nerd:
Master your Mind then Master your Trades
- #13,432
- Mar 31, 2015 7:26am Mar 31, 2015 7:26am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
USDJPY [M15 chart]
recent trades by 2 (+23 pips)
Masterrmind............
recent trades by 2 (+23 pips)
Masterrmind............
Master your Mind then Master your Trades
- #13,434
- Mar 31, 2015 8:43am Mar 31, 2015 8:43am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
AUDCAD [M15 chart]
[+10 pips on a couple of short scalps waiting for PRZ]
Looking at eventually going long subject to conditions being met
Should be obvious what I'm looking at on the chart!
Masterrmind.........
[+10 pips on a couple of short scalps waiting for PRZ]
Looking at eventually going long subject to conditions being met
Should be obvious what I'm looking at on the chart!
Masterrmind.........
Master your Mind then Master your Trades
- #13,436
- Mar 31, 2015 8:53am Mar 31, 2015 8:53am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
GBPJPY - short opportunity?
Masterrmind..........
Masterrmind..........
Master your Mind then Master your Trades
- #13,437
- Mar 31, 2015 8:59am Mar 31, 2015 8:59am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Hi Mastermind: If you also I see bullish, we will see GET WITH IT, trust go long with a close up of 129.070, candlestick patterns TT, tell us that there are many sellers in that area, although they have already been worn, still retain power. We like structure, DZ, Daily and W solid, therefore, I have expectations that will go up. However it would have to wait for the right time, for the RR topic. Greetings and keep in touch. {image} {image}
However EJ is very much range bound at the moment and there is no momentum for that currency pair.
Aggressive long is possible BUT not my style for this pair at this time.
No trade for me on that one....and perhaps not today as I will rest very soon.
Perhaps another trader can capture it if it moves with momentum to the upside
Masterrmind...........
Master your Mind then Master your Trades
- #13,438
- Mar 31, 2015 9:12am Mar 31, 2015 9:12am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
USDJPY [M15 chart]
shorting opportunity in action now
then a long possible if price drives deep enough to get into my PRZ zone
be careful though and watch the momentum and time it right.
Im out ...time to sleep
Masterrmind...........
shorting opportunity in action now
then a long possible if price drives deep enough to get into my PRZ zone
be careful though and watch the momentum and time it right.
Im out ...time to sleep
Masterrmind...........
Master your Mind then Master your Trades
- #13,439
- Mar 31, 2015 10:07am Mar 31, 2015 10:07am
- Joined Nov 2014 | Status: Trader | 1,300 Posts
Good to see a little more life returning to the thread!
This week has picked up a bit more for me... the past few weeks have been so dire on EURUSD that I had to break my long term habit and branch out into other symbols
This week has picked up a bit more for me... the past few weeks have been so dire on EURUSD that I had to break my long term habit and branch out into other symbols
- #13,440
- Apr 1, 2015 3:56am Apr 1, 2015 3:56am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Master your Mind then Master your Trades