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Markets & price are very efficient - makes it easier to profit?

  • #21
  • Jul 29, 2015 9:32pm Jul 29, 2015 9:32pm
Quoting SunSaltwater
{quote} 100% agreed, do not risk 100 pips to make 33 pips. Also, it could start trending and not be visited for years never mind 24 - 48 hours Lets watch these play out as I post them and see if YOU can make profit.
Cool mate
  • #22
  • Jul 30, 2015 7:21am Jul 30, 2015 7:21am
For anyone that cares or is keeping track, trying to capture this TZ area has cost me 34 pips so far and I am current flat on this trade. I am, however, looking to get back in as that 1.0999 area could be in the cards by end of day.
  • #23
  • Jul 30, 2015 8:43am Jul 30, 2015 8:43am
Quoting SunSaltwater
For anyone that cares or is keeping track, trying to capture this TZ area has cost me 34 pips so far and I am current flat on this trade. I am, however, looking to get back in as that 1.0999 area could be in the cards by end of day.
In my opinion we have moved too far away from this area now so I will move on to looking for other areas. So, as we can see, no 300 point drawdown here
  • #24
  • Jul 30, 2015 8:51am Jul 30, 2015 8:51am
E/J looking interesting on H1.
  • #25
  • Jul 30, 2015 10:37am Jul 30, 2015 10:37am
Quoting SunSaltwater
E/J looking interesting on H1.
Probably buy E/J on a break below low day (maybe 10 - 20 pips below current low of day), with a target of 136.00. Stop will be in the 20 - 30 pip range I would imagine but will be adjusted depending on price action.
  • #26
  • Jul 30, 2015 10:59am Jul 30, 2015 10:59am
Quoting SunSaltwater
{quote} Probably buy E/J on a break below low day (maybe 10 - 20 pips below current low of day), with a target of 136.00. Stop will be in the 20 - 30 pip range I would imagine but will be adjusted depending on price action.
In. We shall see - don't worry, 300 pip draw down is not in the cards
  • #27
  • Jul 30, 2015 12:23pm Jul 30, 2015 12:23pm
I use to trade a similar way, called it filling the void. However, as mentioned by someone earlier, its too difficult to predict when the market will fill that area. Instead maybe go with the flow of the market. Euro is clearly the weakest right now. E/J imho, should be sold on rallies down to that filling the void area on the 1 hr chart around 135.25. It will keep your losses small while targeting decent profit. Not telling you how to trade, just giving you my opinion.
  • #28
  • Jul 30, 2015 12:38pm Jul 30, 2015 12:38pm
Quoting TheDirtySerb
I use to trade a similar way, called it filling the void. However, as mentioned by someone earlier, its too difficult to predict when the market will fill that area. Instead maybe go with the flow of the market. Euro is clearly the weakest right now. E/J imho, should be sold on rallies down to that filling the void area on the 1 hr chart around 135.25. It will keep your losses small while targeting decent profit. Not telling you how to trade, just giving you my opinion.
Thank you. All constructive comments welcome.
  • #29
  • Jul 30, 2015 2:45pm Jul 30, 2015 2:45pm
Update: Another H1 TZ area that formed has been filled. Originally targeted one above still looming.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 127 KB
  • #30
  • Edited 1:49am Jul 31, 2015 12:54am | Edited 1:49am
Quoting SunSaltwater
{quote} Probably buy E/J on a break below low day (maybe 10 - 20 pips below current low of day), with a target of 136.00. Stop will be in the 20 - 30 pip range I would imagine but will be adjusted depending on price action.
This is a very good setup. Target would likely be hit. But 135.52 needs to act as strong support till london open .if it gives way before london open the trades setup probability of success will be reduced. I wouldnt take this trade because its not a good enough setup based on my system. I only take high probability high pippage trades
  • #31
  • Jul 31, 2015 1:50am Jul 31, 2015 1:50am
Quoting ephisi
{quote} This is a very good setup. Target would likely be hit. But 135.52 needs to act as strong support till london open .if it gives way before london open the trades setup probability of success will be reduced. I wouldnt take this trade because its not a good enough setup based on my system. I only take high probability high pippage trades
Sunsaltwaters target is hit. 137 will be hit also
  • #32
  • Jul 31, 2015 5:36am Jul 31, 2015 5:36am
Eurusd target being hit. Eurjpy head towards called 137. Exactly why I said you would need a 100 to 300 pip stop to make this work. Or No stop at all. But then the risk reward will work against you.Even with that it's still very difficult. Profit in the long run is not guaranteed.
  • #33
  • Jul 31, 2015 7:17am Jul 31, 2015 7:17am
Target hit. Risk was never anywhere near 100 - 300 pips as discussed above.
Attached Image (click to enlarge)
Click to Enlarge Name: TZ.jpg Size: 115 KB
  • #34
  • Jul 31, 2015 7:41am Jul 31, 2015 7:41am
Quoting SunSaltwater
Target hit. Risk was never anywhere near 100 - 300 pips as discussed above. {image}
I called it a great trade from the start. Why dont you open a trade explorer. It would help you guage profitability in real time
  • #35
  • Jul 31, 2015 7:43am Jul 31, 2015 7:43am
Quoting ephisi
{quote} This is a very good setup. Target would likely be hit. But 135.52 needs to act as strong support till london open .if it gives way before london open the trades setup probability of success will be reduced. I wouldnt take this trade because its not a good enough setup based on my system. I only take high probability high pippage trades
Here. . Lets just see how it goes
  • #36
  • Jul 31, 2015 7:48am Jul 31, 2015 7:48am
Quoting SunSaltwater
Target hit. Risk was never anywhere near 100 - 300 pips as discussed above. {image}
I know you risk about 30pips. Im only saying price could deviate 100 to 300pips before coming back to hit target. I said this based on eurusd which has hit targets but after deviating about 70pips from proposed entry.
  • #37
  • Jul 31, 2015 7:54am Jul 31, 2015 7:54am
Quoting ephisi
{quote} Sunsaltwaters target is hit. 137 will be hit also
I called 137 on eurjpy. Target hit. Pls sun dont be offended. I have traded this way for some time thats why I am saying all im saying. I know what im talking about. You can build a strategy around it but stand alone it will fraustrate those trying to apply it. Maybe you have found your way. I have found mind. Its just one out of many tools I use that forms my whole methodology. Try out a trade explorer and you would see what im talking about. Was nice postin here. Im out ciao.
  • #38
  • Jul 31, 2015 7:58am Jul 31, 2015 7:58am
Quoting ephisi
{quote} I called it a great trade from the start. Why dont you open a trade explorer. It would help you guage profitability in real time
Zero interest in trade explorer or proving my profitability. Will do some play by play, real time trades like I have been doing here and leave it at that. Not trying to prove anything, just hoping to shed a little light on how one can use these areas to profit from.
  • #39
  • Jul 31, 2015 8:00am Jul 31, 2015 8:00am
Quoting ephisi
{quote} I know you risk about 30pips. Im only saying price could deviate 100 to 300pips before coming back to hit target. I said this based on eurusd which has hit targets but after deviating about 70pips from proposed entry.
But isn't that any trade? You can enter based on price going somewhere to profitability but it may never hit that profit area so you have a stop, you don't let it go 100 - 300 pips away from you.
  • #40
  • Jul 31, 2015 8:01am Jul 31, 2015 8:01am
Quoting ephisi
{quote} I called 137 on eurjpy. Target hit. Pls sun dont be offended. I have traded this way for some time thats why I am saying all im saying. I know what im talking about. You can build a strategy around it but stand alone it will fraustrate those trying to apply it. Maybe you have found your way. I have found mind. Its just one out of many tools I use that forms my whole methodology. Try out a trade explorer and you would see what im talking about. Was nice postin here. Im out ciao.
Not offended at all, again, all constructive comments welcome.
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