Discovering An Edge | Page 47 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

An Edge for an Edge (System Development) 116 replies

What do you mean by "Trader's Edge"? 17 replies

Trading edge or following the crowd? 9 replies

Discovering pattern recognition 2 replies

Interbank FX Webinar: Discovering The Optimum FIFO Solution Together 5 replies

Attachments: Discovering An Edge
Exit Attachments

Discovering An Edge

  • #921
  • Aug 4, 2015 2:05pm Aug 4, 2015 2:05pm
Quoting vlady1974
{quote} Hey Tash, that's awesome - I know you were eyeing AUD and have to applaud your ability to sense the prevailing trend! Thanks for the heads up on GBPJPY. Using my method, I can't see a signal so would love to know if you can shed some clues?!
thanks Vlady, every dog has its day and there are times when luck is on my side regarding the direction.

your right with the geppy, there is no buy or sell signal at the moment. but i am speculating soon there will be, a violent breakout to either side (maybe i am being influenced by my bunch of longs since 185.65 ). 193.78 is actually what i am waiting for on daily chart (NY open) and i would feel very comfortable with buying at pullbacks. i am used to anticipate to movements early so please disregard this opinion because indeed there is currently no signal on this pair.
Attached Image
As Above, So Below
  • #922
  • Aug 4, 2015 2:27pm Aug 4, 2015 2:27pm
Quoting tashkent
{quote} thanks Vlady, every dog has its day and there are times when luck is on my side regarding the direction. your right with the geppy, there is no buy or sell signal at the moment. but i am speculating soon there will be, a violent breakout to either side (maybe i am being influenced by my bunch of longs since 185.65 ). 193.78 is actually what i am waiting for on daily chart (NY open) and i would feel very...
As always, great to have your opinion. Just looking at your impressive trades, I have a question on your 186 longs. Since these are daily NYC opens, did you take the long after the high was printed? That is, did price retreat to open after high then you entered when price went above 50% of the range?
A pip is only worth it if you know how much you risked to earn it
  • #923
  • Edited 5:25pm Aug 4, 2015 4:48pm | Edited 5:25pm
Quoting vlady1974
{quote} As always, great to have your opinion. Just looking at your impressive trades, I have a question on your 186 longs. Since these are daily NYC opens, did you take the long after the high was printed? That is, did price retreat to open after high then you entered when price went above 50% of the range?
for these specific entries i used the adr/atr. first entry was after a green 4h candle and the second one after a retracement. the screenshot gives some clarification.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture.png Size: 18 KB
technically the first entry was not the best entry because it was an early anticipation. the second was one ok. but the golden entry would be around 187.50 with very low risk and i do not know how i missed it. to build legs with thousands of pips definitely one needs to sacrifice some pips. sometimes i sacrifice up to hundred pips to position myself in a good trend which afterwards pays off very generously. with geppy however luck was on my side and it just took off after the entries. but hey, people have different trading styles and ones method may not be suitable for another. my entries are usually based on the concept that the price is unpredictable most of the time and anything can happen at any moment. the whole trading method sits around this preposition. therefore sometimes people may found my entries illogical and i think my geppy entries may also be considered as such because there really were not much reasons for entry at those points given the condition how scary the pair was falling. i do not think my rumblings would be of any help but at least i can say i tried
As Above, So Below
  • #924
  • Edited 5:09am Aug 5, 2015 2:58am | Edited 5:09am
Quoting vlady1974
I have opened longs on GBPCAD @ 20479 GBPAUD @ 21053 EURUSD @ 10956/10975 and a short on AUDUSD @ 7417
GCAD got stopped for +32
I loaded another. I didn't reload on GA after it got stopped for +10
AUDUSD stopped for +66
I have open GCAD and GN longs
A pip is only worth it if you know how much you risked to earn it
  • #925
  • Aug 5, 2015 3:55am Aug 5, 2015 3:55am
Quoting tashkent
{quote} for these specific entries i used the adr/atr. first entry was after a green 4h candle and the second one after a retracement. the screenshot gives some clarification. {image} technically the first entry was not the best entry because it was an early anticipation. the second was one ok. but the golden entry would be around 187.50 with very low risk and i do not know how i missed it. to build legs with thousands of pips definitely one needs to sacrifice some pips. sometimes i sacrifice up to hundred pips to position myself in a good trend...
That's very helpful and insightful - thank you.
The 2nd trade is actually how I imagined it - but you're also right in that I would have also come in on the sweet spot of 187.5 on the break of the swing high.
But equally, from what I've learned on the Transient Zone stuff.... at this timeframe... that 3rd bar to the right the last Bear Candle Low is confirmation of 8 hours of non return to that low... so your timing is great even if no signal.
A pip is only worth it if you know how much you risked to earn it
  • #926
  • Aug 5, 2015 5:10am Aug 5, 2015 5:10am
Quoting vlady1974
{quote} GCAD got stopped for +32 I loaded another. I didn't reload on GA after it got stopped for +10 AUDUSD stopped for +66 I have open GCAD and GN longs
Moved stops to BE as I was going into a meeting. SL for +1.
Then all moved back up. Aaaarrggh!!
A pip is only worth it if you know how much you risked to earn it
  • #927
  • Aug 5, 2015 5:29am Aug 5, 2015 5:29am
Quoting vlady1974
{quote} Moved stops to BE as I was going into a meeting. SL for +1. Then all moved back up. Aaaarrggh!!

I am long GChf and GN
  • #928
  • Aug 5, 2015 6:07am Aug 5, 2015 6:07am
I'm trying to get back into GCAD or GN but getting frustrated by interuptions which isn't giving me the best entry options.
A pip is only worth it if you know how much you risked to earn it
  • #929
  • Edited 6:29am Aug 5, 2015 6:10am | Edited 6:29am
Long GN 23880

Edit: tp 23980
A pip is only worth it if you know how much you risked to earn it
  • #930
  • Aug 5, 2015 6:27am Aug 5, 2015 6:27am
Long GCAD 20603

Edit: tp 20641 (posted previously)
A pip is only worth it if you know how much you risked to earn it
  • #931
  • Aug 5, 2015 6:31am Aug 5, 2015 6:31am
Quoting vlady1974
Long GN, targets long range: 23919, 24323
One done. There is an interim target 23980 before the 24323.
I would like to reload once a retrace has occurred from 23980
A pip is only worth it if you know how much you risked to earn it
  • #932
  • Aug 5, 2015 6:45am Aug 5, 2015 6:45am
GBPCAD Analysis Month Timeframe
Projections from the Trendline Breakout are 24673 and 26079
Seemingly quite unbelievable but these projections have proved to be quite reliable targets once price action confirms the moves toward them.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD-1MTH.JPG Size: 162 KB
A pip is only worth it if you know how much you risked to earn it
  • #933
  • Aug 5, 2015 7:10am Aug 5, 2015 7:10am
Hi Vlad and the gang. Im sure you are pipping. Just wanted to pop in and say hi.
  • #934
  • Aug 5, 2015 7:25am Aug 5, 2015 7:25am
L eu 1.0903
l au .7383
  • #935
  • Aug 5, 2015 7:41am Aug 5, 2015 7:41am
Quoting tashkent
{quote} ...193.78 is actually what i am waiting for on daily chart (NY open) and i would feel very comfortable with buying at pullbacks. {image}
anybody with me? i hope 194 on daily will hold. this would be good news for bulls
Attached Image
As Above, So Below
  • #936
  • Aug 5, 2015 7:57am Aug 5, 2015 7:57am
Stopped out of GN and GC (thankfully)
I am long on GJ though! Thanks Tashkent!
A pip is only worth it if you know how much you risked to earn it
  • #937
  • Aug 5, 2015 8:07am Aug 5, 2015 8:07am
also went long cadchf....
  • #938
  • Aug 5, 2015 8:17am Aug 5, 2015 8:17am
added to GN
Attached Image
and GC longs
Attached Image


but now i am worried because too much reliance on gbp...

USDMXN? anyone?
Attached Image
As Above, So Below
  • #939
  • Aug 5, 2015 9:07am Aug 5, 2015 9:07am
Quoting vlady1974
Stopped out of GN and GC (thankfully) I am long on GJ though! Thanks Tashkent!
isn't it lovely when price moves your way
Attached Image
As Above, So Below
  • #940
  • Aug 5, 2015 9:12am Aug 5, 2015 9:12am
Quoting tashkent
{quote} isn't it lovely when price moves your way {image}
It's bloody awesome!
A pip is only worth it if you know how much you risked to earn it
3 traders viewing now