[quote=eyevoltage;8385536]
This means you're usually aiming for bigger than 1:1 profit taking right?
{quote} Yeah, that's how I see it, mate.
Psych Levels, Pivots, and Trendlines - Resurrected
- #10,342
- Jul 16, 2015 9:48am Jul 16, 2015 9:48am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
[quote=fuzz;8385579]
Aiming for whatever I can squeeze out of the trade, basically.
{quote} This means you're usually aiming for bigger than 1:1 profit taking right?
[quote=eyevoltage;8385613]
hahaha that's an awesome answer, I tend to worry to much about R:R, but it seems that R:R is an "after the fact" thing. And I guess where to TP comes with experience, thanks EV.
GU 15min: entered after Bearish engulfing + 50sma / m1 / psych level confluence. Exited after price start to retrace.
{quote} Aiming for whatever I can squeeze out of the trade, basically.
GU 15min: entered after Bearish engulfing + 50sma / m1 / psych level confluence. Exited after price start to retrace.
- #10,345
- Edited 11:34am Jul 17, 2015 10:33am | Edited 11:34am
GBPUSD long
m5 - bullish divergence near S1 ending with a big hammer.
dropped down to m1 to pick entry.
m1 - hammer + bullish engulfing pattern at S1 (blue ellipse).
entry - 1.5572 (as marked).
exit - 1.5625 (as marked near mR1 and RN xx25).
m5 - bullish divergence near S1 ending with a big hammer.
dropped down to m1 to pick entry.
m1 - hammer + bullish engulfing pattern at S1 (blue ellipse).
entry - 1.5572 (as marked).
exit - 1.5625 (as marked near mR1 and RN xx25).
- #10,347
- Jul 20, 2015 3:14am Jul 20, 2015 3:14am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Good morning friends EU: Price pretty much in a trading range, enry at Pivot Point 50sma and psych confluence using harami as trigger, entry and exit marked. {image}
- #10,348
- Jul 20, 2015 3:19am Jul 20, 2015 3:19am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
GBPUSD long m5 - bullish divergence near S1 ending with a big hammer. {image} dropped down to m1 to pick entry. m1 - hammer + bullish engulfing pattern at S1 (blue ellipse). {image} entry - 1.5572 (as marked). exit - 1.5625 (as marked near mR1 and RN xx25).
Hey, nice to see you again, pg!! Hope all is well with you and yours. A nice trade, my friend, and dropping a time frame to "zero in" is always a great idea!
- #10,350
- Jul 20, 2015 9:14am Jul 20, 2015 9:14am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Good Morning mates, UJ: Price retrace to the R1 triggering a nice bullish Piercing Pattern, I entered on next candle, and watch price almoust take me out, instead it formed a triangle and luckily it broke to the right side playing the odds correctly. Entry and exit as marked {image}
- #10,352
- Jul 20, 2015 9:59am Jul 20, 2015 9:59am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} I entered right after the Bullish piercing pattern (tweezers), so I didn't spotted the TL at the time. To me it looked like a simple pullback. Do you think I was to quick on the trigger?
- #10,353
- Jul 20, 2015 10:04am Jul 20, 2015 10:04am
{quote} Yes, I think so, mate. It would have been better to wait for the next complete candle, which as you can see was bearish. You live and learn, fuzz. Hope you see what I mean?
- #10,354
- Jul 20, 2015 10:06am Jul 20, 2015 10:06am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} Yes, you mean a candle to confirm the bounce right?
- #10,356
- Jul 20, 2015 10:12am Jul 20, 2015 10:12am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} Yes I do. Thanks mate, I'm here to learn and really appreciate your input.
- #10,357
- Jul 21, 2015 2:38am Jul 21, 2015 2:38am
Gday all!!!
I had a marathon trade this morning during the Asian session.
Entered short off the rejection of the triple top and bearish close from the AUD red news.
Finally hit my TP 20 pips!
I had to walk away from the computer several times to prevent me from closing this one early.
Happy pips to all
Cheers.
Coastie
I had a marathon trade this morning during the Asian session.
Entered short off the rejection of the triple top and bearish close from the AUD red news.
Finally hit my TP 20 pips!
I had to walk away from the computer several times to prevent me from closing this one early.
Happy pips to all
Cheers.
Coastie
- #10,358
- Jul 21, 2015 4:29am Jul 21, 2015 4:29am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
[quote=coastie;8391655]Gday all!!! I had a marathon trade this morning during the Asian session. Entered short off the rejection of the triple top and bearish close from the AUD red news. Finally hit my TP 20 pips! I had to walk away from the computer several times to prevent me from closing this one early. {image} Happy pips to all Cheers. Coastie
Entered short off the rejection of the triple top and bearish close from the AUD red news. Finally hit my TP 20 pips! I had to walk away from the computer several times to prevent me from closing this one early. {image} Happy pips to all Cheers. Coastie
Let Market Tell You
