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  • #1,003,621
  • Jun 23, 2015 4:33pm Jun 23, 2015 4:33pm
Quoting DarrylX6
{quote} Quite a risk
10 pips only..
Focus only on what truly matters!
  • #1,003,622
  • Jun 23, 2015 4:36pm Jun 23, 2015 4:36pm
Quoting Ata-Turkoglu
{quote} My idea is only to scalp some pips from a possible small up move but who knows maybe the wave gets bigger (I am risking little, around 10 pips max) Happy Trades
I have also taken long. Ideally 1140 should be the stop.

Most of the days, the low will be taken out only European session, not in Asia.
Intraday only.
  • #1,003,623
  • Jun 23, 2015 4:38pm Jun 23, 2015 4:38pm
Quoting Ata-Turkoglu
{quote} 10 pips only..
yeah I have to convince all for taking long.

But Barry is correct, the PA has been very bearish today.
Intraday only.
  • #1,003,624
  • Jun 23, 2015 4:48pm Jun 23, 2015 4:48pm
Quoting Ata-Turkoglu
Fib 61.8 tested 3 times so far.. could be triple bottom on 5m... so I risked a long at 1.1155 Happy Trades
SL at BE now..
Focus only on what truly matters!
  • #1,003,625
  • Jun 23, 2015 4:50pm Jun 23, 2015 4:50pm
Quoting navk
{quote} yeah I have to convince all for taking long. But Barry is correct, the PA has been very bearish today.
so that we will be in the same mess as you a few hours ago - but well done, at the end. i prefer less nerve wrecking trading.
  • #1,003,626
  • Jun 23, 2015 4:54pm Jun 23, 2015 4:54pm
Quoting Ata-Turkoglu
{quote} SL at BE now..
Price did nice 20 pips waves lately. good for scalping but spread is wide
  • #1,003,627
  • Jun 23, 2015 4:56pm Jun 23, 2015 4:56pm
Quoting verified
{quote} Price did nice 20 pips waves lately. good for scalping but spread is wide
Focus only on what truly matters!
  • #1,003,628
  • Jun 23, 2015 4:57pm Jun 23, 2015 4:57pm
Quoting verified
{quote} Price did nice 20 pips waves lately. good for scalping but spread is wide
Yeah I took a quick short for 20 pips from 1.1176.
The trader IS the holy grail.
  • #1,003,629
  • Jun 23, 2015 4:59pm Jun 23, 2015 4:59pm
Quoting verified
{quote} so that we will be in the same mess as you a few hours ago - but well done, at the end. i prefer less nerve wrecking trading.
yeah I was in a mess, but I knew I will come out safe.

But bear in mind, a strategy which works one day, other day it does not work.

Usually, with ADR, and averaging method, I have been successful , but today I went into mess, overall, beilive it or not a handsome profit ( almost10 % ) for today. Last two days awesome results for me.

This profit is not in the messy trade alone, but overall. Had nice entries in GU short yesterday in Asia. + Some scalps here and there.
Intraday only.
  • #1,003,630
  • Jun 23, 2015 5:07pm Jun 23, 2015 5:07pm
Quoting navk
{quote} yeah I was in a mess, but I knew I will come out safe. But bear in mind, a strategy which works one day, other day it does not work. Usually, with ADR, and averaging method, I have been successful , but today I went into mess, overall, beilive it or not a handsome profit ( almost10 % ) for today. Last two days awesome results for me. This profit is not in the messy trade alone, but overall. Had nice entries in GU short yesterday in Asia. + Some scalps here and there.
yeah, i know, making profit with such trades is possible. i sometimes need to trade like this as well. i start to dislike when i am more focused on the free margin than on the price / profit
  • #1,003,631
  • Jun 23, 2015 5:10pm Jun 23, 2015 5:10pm
Quoting verified
{quote} yeah, i know, making profit with such trades is possible. i sometimes need to trade like this as well. i start to dislike when i am more focused on the free margin than on the price / profit
I allow free margin upto 600 %. Then stop taking new trades.

I have three accounts with various Brokers.

One is currently having 1500 % +, other one 950 % +, the third one 640 % +
Intraday only.
  • #1,003,632
  • Jun 23, 2015 5:14pm Jun 23, 2015 5:14pm
Quoting verified
{quote} yeah, i know, making profit with such trades is possible. i sometimes need to trade like this as well. i start to dislike when i am more focused on the free margin than on the price / profit
If you look at your free margin, then the fear comes in.

Just have in mind, upto what lot size, you can go with.
Intraday only.
  • #1,003,633
  • Jun 23, 2015 5:21pm Jun 23, 2015 5:21pm
Quoting navk
{quote} If you look at your free margin, then the fear comes in. Just have in mind, upto what lot size, you can go with.
it can happen at the 5th, 6th, 7th ... recovery trade for the position. i changed my recovery trading style to recover first time after -20 pips min. works much better for me. recovering too early is dangerous.
  • #1,003,634
  • Edited 5:36pm Jun 23, 2015 5:26pm | Edited 5:36pm
Quoting verified
{quote} it can happen at the 5th, 6th, 7th ... recovery trade for the position. i changed my recovery trading style to recover first time after -20 pips min. works much better for me.
Recovery trade -20 pips. ? If it works, it is good.

I consider recovery trade up to -50 pips. It will work, It all depends how you open the lot size. But today, I allowed up to - 65 pips. This is very rare. I allowed this just because the Daily ADR was finished much before.

After - 25 pips ( even - 30 pips ) , you must start the recovery trade.
Intraday only.
  • #1,003,635
  • Jun 23, 2015 5:41pm Jun 23, 2015 5:41pm
Quoting navk
{quote} Recovery trade -20 pips. ? If it works, it is good. I consider recovery trade up to -50 pips. It will work, It all depends how you open the lot size. But today, I allowed up to - 65 pips. This is very rare. I allowed this just because the Daily ADR was finished much before. After - 25 pips ( even - 30 pips ) , you must start the recovery trade.
Hello navk, what do you mean by recovery trade?
  • #1,003,636
  • Jun 23, 2015 5:43pm Jun 23, 2015 5:43pm
Quoting navk
{quote} Recovery trade -20 pips. ? If it works, it is good. I consider recovery trade up to -50 pips. It will work, It all depends how you open the lot size. But today, I allowed up to - 65 pips. This is very rare. I allowed this just because the Daily ADR was finished much before. After - 25 pips ( even - 30 pips ) , you must start the recovery trade.
completely offtopic but it's a silent time.

you use 3 brokers ... i have only one. do you see any different Price Action when you monitor the same pair on different broker platforms ? especially spikes ( stop loss hunting ). i have no issues with my broker, just curious.
  • #1,003,637
  • Jun 23, 2015 5:43pm Jun 23, 2015 5:43pm
Quoting gatorinla
{quote} i caught this after post..looking to try 1293
sold from 1.1288, sl above last high : ) hopefully move sl to be shortly.
Patience, Emotion Control and Discipline.
  • #1,003,638
  • Jun 23, 2015 5:44pm Jun 23, 2015 5:44pm
Quoting bizzbastian
{quote} Hello navk, what do you mean by recovery trade?
When you open a position say long at 1.1140. You will aim for stop loss - 30 pips. If the trade goes against you more than let us say - 30 pips, then you have to recover the first opened trade with additional lots so that you recover the whole bunch of trades into green.
Intraday only.
  • #1,003,639
  • Jun 23, 2015 5:49pm Jun 23, 2015 5:49pm
Quoting verified
{quote} completely offtopic but it's a silent time. you use 3 brokers ... i have only one. do you see any different Price Action when you monitor the same pair on different broker platforms ? especially spikes ( stop loss hunting ). i have no issues with my broker, just curious.
Some price difference. May be 1 pip maximum at normal times.

There is no such stop loss hunting, as this is what I want to believe.

At support/resistance levels, the buyers and sellers will have fight and most of times, the support or resistance give up. This we call stop hunting. As such there is no stop hunting if you use NDD brokers. I can't guarantee with Market maker broker though.

The spread varies a lot during news event with all the brokers, because, the LP's can not offer liquidity to all at the same time. So the price differs.
Intraday only.
  • #1,003,640
  • Jun 23, 2015 5:51pm Jun 23, 2015 5:51pm
Quoting navk
{quote} Some price difference. May be 1 pip maximum at normal times. There is no such stop loss hunting, as this is what I want to believe. At support/resistance levels, the buyers and sellers will have fight and most of times, the support or resistance give up. This we call stop hunting. As such there is no stop hunting if you use NDD brokers. I can't guarantee with Market maker broker though. The spread varies a lot during news event with all the brokers, because, the LP's can not offer liquidity to all at the same time. So the price differs.
thank you
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