Beside the news we still could trade the counter parts which are GBPJPY & EURJPY.
nasap
nasap
The little nut in your head is called brain. Use it!
As simple as possible: 00 level trading
- #29,242
- Apr 6, 2015 9:41am Apr 6, 2015 9:41am
- Joined Jan 2015 | Status: Error 404: LuXing not found | 1,586 Posts
Wisdom begins in wonder
- #29,243
- Apr 6, 2015 9:50am Apr 6, 2015 9:50am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Today only demo trades, to get back into the rhythm. #1: GBPJPY TP Did 4 more trades and all reached TP, but not on core pairs, therefore will not post these. LuXing P.S: Nice to see you around MM ! {image}
Masterrmind..........
Master your Mind then Master your Trades
- #29,245
- Apr 6, 2015 10:09am Apr 6, 2015 10:09am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
why trade for 5 pips when you can for 50 pip skype: unimakFF
15 pips in less than an hour and yes I actually did have a pending set for that final push UP but deleted (3 trades is enough in that situation)
I also trade TP's up to and greater than 50 pips.
But when you can read a chart correctly without using lagging indicators then you are well on your way!
ps. Yes it's not to be followed and against the rules...........don't follow this GJ trade it is simply to show what is possible by reading the chart.
Masterrmind............ :nerd:
Master your Mind then Master your Trades
{quote} GJ (3 of to TP) 15 pips in less than an hour and yes I actually did have a pending set for that final push UP but deleted (3 trades is enough in that situation) {image} I also trade TP's up to and greater than 50 pips. But when you can read a chart correctly without using lagging indicators then you are well on your way! ps. Yes it's not to be followed and against the rules...........don't follow this GJ trade it is simply to show what is possible by reading the chart. Masterrmind............ :nerd:
Blindly following others will make you blind!
- #29,249
- Edited 2:29pm Apr 6, 2015 1:49pm | Edited 2:29pm
- Joined Nov 2009 | Status: Trader | 953 Posts
{quote} GJ (3 of to TP) 15 pips in less than an hour and yes I actually did have a pending set for that final push UP but deleted (3 trades is enough in that situation) {image} I also trade TP's up to and greater than 50 pips. But when you can read a chart correctly without using lagging indicators then you are well on your way! ps. Yes it's not to be followed and against the rules...........don't follow this GJ trade it is simply to show what is possible by reading the chart. Masterrmind............ :nerd:
Blindly following others will make you blind!
- #29,250
- Apr 6, 2015 4:13pm Apr 6, 2015 4:13pm
{quote} @Mastermind - So what do you read out of the chart? I looks a bit risky to me with two tails (read rejection) before the last trade up
edit: could also be that big engulf candle before the tail candles.
- #29,251
- Apr 6, 2015 4:23pm Apr 6, 2015 4:23pm
- Joined Sep 2004 | Status: Trader | 1,464 Posts
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
- #29,253
- Apr 6, 2015 9:34pm Apr 6, 2015 9:34pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} So what do you read out of the market? I looks a bit risky to me with two tails before the last trade
What do you see?
The answer to this offers me only 1 reason to enter long and there are a few more reasons to consider!
Note that timing and momentum are also important and sometimes I wait and do not always enter as the candle starts forming (I wait and I observe)
This is the case for my 1st entry I observed that price has been pushing up and then retracing, pushing up and then retracing.
If you follow the price action you will clearly see that on this particular candle price started to retrace almost back to the BRN and was quickly rejected.
This is what I'm looking for.....rejection from going lower followed by a bullish intent = enter long
The momentum of price at the time (plenty of momentum = likely entry for a 5 pip TP) can also form a valid argument for entry.
But as in all things to do with trading it is very wise to stack the odds in your favor!
Have a look at the other 2 entries! What do you see?
Good trading,
Masterrmind............... :nerd:
Master your Mind then Master your Trades
- #29,257
- Apr 6, 2015 11:50pm Apr 6, 2015 11:50pm
I only saw it now (because of the news and a big move on AUD) there was another trade this early morning.{image} {image} cu @LO nasap
There was a signal now on GU/GJ and pairs were in Sync... but it would have gone to SL. Did you take this trade? and if not what stopped you from taking it?
Thanks!
Vlad
- #29,259
- Apr 6, 2015 11:55pm Apr 6, 2015 11:55pm
{quote} Hi nasap, There was a signal now on GU/GJ and pairs were in Sync... but it would have gone to SL. Did you take this trade? and if not what stopped you from taking it? Thanks! Vlad
nasap
Edit: Jibala correct me! She said there was signal on GBPJPY but
The little nut in your head is called brain. Use it!