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  • #1,027,941
  • Sep 23, 2015 4:33pm Sep 23, 2015 4:33pm
Quoting Sayy29
{quote} Do you usually move your sl as soon as you're in profit? or do you have a different technique?
sorry that i am answering question not posted to me, but i usually move SL to breakeven after small profit so i can lock "free" trade if market goes against. Then i am moving stoploss for example when price break resistance for 200 pips, i move SL little bit under support (previous resistance) and in this way i am trailing profit.
  • #1,027,942
  • Sep 23, 2015 4:35pm Sep 23, 2015 4:35pm
Quoting jaxx80
{quote} Gator, in this example which do you call a norm - it is a/b or it is c? Thanks
Looking at your last example with 1.0963, it seems that the norm is a/b. 1.0963 is the norm of the move 0461/1459.
However if we are looking at the larger move 0461/1712 its norm (1086) was already hit and may be we are now in a bullish setup so the norm 0963 will never be hit?
If we go below 1086 now, does this invalidate the bullish setup?

Thanks
  • #1,027,943
  • Sep 23, 2015 4:38pm Sep 23, 2015 4:38pm
last one hit be, +-0.

long @1.11849 sl -20 tp +60
fortis fortuna adiuvat
  • #1,027,944
  • Sep 23, 2015 4:38pm Sep 23, 2015 4:38pm
Quoting Ken A
{quote} If have doubt it might go against me then move the stop to prevent loss
Thanks
Demo? What's A Demo?
  • #1,027,945
  • Sep 23, 2015 4:40pm Sep 23, 2015 4:40pm
Quoting DrakeFX
{quote} sorry that i am answering question not posted to me, but i usually move SL to breakeven after small profit so i can lock "free" trade if market goes against. Then i am moving stoploss for example when price break resistance for 200 pips, i move SL little bit under support (previous resistance) and in this way i am trailing profit.
Makes sense. I promise everytime I try it I get taken out for BE When I couldve been up +50 pips. It's frustrating lol
Demo? What's A Demo?
  • #1,027,946
  • Sep 23, 2015 4:41pm Sep 23, 2015 4:41pm
Quoting gatorinla
{quote} example may be developing at 1158. that's if and only if its bullish.. some support may be provided at 1154.6 area.. i am not saying its bullish. 1209 held atm. no close above
day close and London roll, was higher than yesterday and London. 1209 has a very good shot at being tested. if it holds the high at 1212.x and doesn't close above 1209. it will probably be rejected near the current high. even if it does break that high, it has a decent chance of coming back to 1158 min.. odds are bearish or bullish, it will come back to 1158 before 1321.. break that high and 1320 has a shot if it can close above 1209.

if one trades that b/o. with a long.. be prepared to have a 1158 drawdown
those who can, do. those who cant, talk about those who can
  • #1,027,947
  • Sep 23, 2015 4:41pm Sep 23, 2015 4:41pm
Quoting Sayy29
{quote} Makes sense. I promise everytime I try it I get taken out for BE When I couldve been up +50 pips. It's frustrating lol
If you are taken at BE after +50 pips you are a) either wrong when it retraces back for 50 pips, b) move stoploss at lease +10 pips from open price, so BE is small profit. Even small profits counts to your basket
  • #1,027,948
  • Sep 23, 2015 4:46pm Sep 23, 2015 4:46pm
Quoting filostro
{quote} I forgot. The greed to put the profit in the pocket was supported by the fact that: We reached 0.236 of the Whole SwingDown (green) and the 0.382 of the midswing (red) Plus it is the 0.382 of the previous Swing High (blue). A cluster of resistences. I think it will retrace 0,618 or 0.786.or maybe 100% or even making a new low as stop washing for the longs. If the resistence will be broken without retracement... well I think it will fly like a rocket to the next target. But I would quote it 1 to 7. {image} {image}
Thanks for your precious effort buddy. Nice food for brain you shared. Let's just don't go too far yet. We will patiently watch what happens at retrace level 50% to 61.8% (1.1155 to 1.1145) zone. Step by step

Happy Trades
Focus only on what truly matters!
  • #1,027,949
  • Sep 23, 2015 4:46pm Sep 23, 2015 4:46pm
Quoting DrakeFX
{quote} If you are taken at BE after +50 pips you are a) either wrong when it retraces back for 50 pips, b) move stoploss at lease +10 pips from open price, so BE is small profit. Even small profits counts to your basket
Well yea BE+1 is usually what I do.. This only happens when I try to hold a trade for several days. I've been trying to work on my long term trading for a couple weeks now.. haven't had much "Real" success with it yet though. lol Im not the best at entering trades, but I still get reasonable prices. My Biggest thing is SL & when to TP
Demo? What's A Demo?
  • #1,027,950
  • Sep 23, 2015 4:51pm Sep 23, 2015 4:51pm
Quoting Ata-Turkoglu
{quote} Thanks for your precious effort buddy. Nice food for brain you shared. Let's just don't go too far yet. We will patiently watch what happens at retrace level 50% to 61.8% (1.1155 to 1.1145) zone. Step by step Happy Trades
hi ata,

any open positions?
fortis fortuna adiuvat
  • #1,027,951
  • Sep 23, 2015 4:54pm Sep 23, 2015 4:54pm
Quoting Sayy29
{quote} Well yea BE+1 is usually what I do.. This only happens when I try to hold a trade for several days. I've been trying to work on my long term trading for a couple weeks now.. haven't had much "Real" success with it yet though. lol Im not the best at entering trades, but I still get reasonable prices. My Biggest thing is SL & when to TP
It happens to me a lot of times, but when i angry that i end up with +1 profit from +50 when i was starting to trady i put new same order when my BE were hit. But 9 from 10 times it continues against me , so learn one thing if you hit BE , 9 from 10 times it has reason, and there is strong probability for retrace to continue. Usually after BE hit i watch couple hours/days and enter new trade later, but never change buy to sell and vice versa after BE. It means your opinion was wrong, take a break a enter on very different level than your initial trade.
  • #1,027,952
  • Sep 23, 2015 4:59pm Sep 23, 2015 4:59pm
Quoting jaxx80
{quote} Looking at your last example with 1.0963, it seems that the norm is a/b. 1.0963 is the norm of the move 0461/1459. However if we are looking at the larger move 0461/1712 its norm (1086) was already hit and may be we are now in a bullish setup so the norm 0963 will never be hit? If we go below 1086 now, does this invalidate the bullish setup? Thanks
correct.
no
i gave basics.. some more advanced setups i left out. i just gave when to wait for a trade depending on what you want to gain. many will be against larger setups.. so u will have to find your personnel twist..some are better than others.. i just gave one.. near 1212 w/o going over, may get u stopped out on a short. but with the closes indicating those highs have a good shot of being tested. you can set up something on a small scalp like tf.. you have to be willing to take the small loss in hopes of the larger gain. once a hh is made.. u may wait for 1320 before shorting again. or look for a long if it tires after making that hh near 1158..or lower.. w/o a LL.. 0964 is a norm..between 0963x and 14xx high you mentioned is 1208/09... before this they are on a 7 year old chart long before this year made 1209 anything most see now as well as 0964..
those who can, do. those who cant, talk about those who can
  • #1,027,953
  • Sep 23, 2015 5:04pm Sep 23, 2015 5:04pm
Quoting jaxx80
{quote} Gator, in this example which do you call a norm - it is a/b or it is c? Thanks
a/b a retrace.. c a possible target on b/o.. past b.. after wait for a/b once again before entering or less up to a w/o passing it. if you use indies.. try to get agreement..
those who can, do. those who cant, talk about those who can
  • #1,027,954
  • Sep 23, 2015 5:05pm Sep 23, 2015 5:05pm
Quoting DrakeFX
{quote} It happens to me a lot of times, but when i angry that i end up with +1 profit from +50 when i was starting to trady i put new same order when my BE were hit. But 9 from 10 times it continues against me , so learn one thing if you hit BE , 9 from 10 times it has reason, and there is strong probability for retrace to continue. Usually after BE hit i watch couple hours/days and enter new trade later, but never change buy to sell and vice versa after BE. It means your opinion was wrong, take a break a enter on very different level than your...
Yea I learned that the hard way. lol I can intraday trade with no problem for the most part. I'm just trying to get into the real money! Thanks for your insight
Demo? What's A Demo?
  • #1,027,955
  • Sep 23, 2015 5:16pm Sep 23, 2015 5:16pm
Open: BUY 1.1185
S/L: 1.1104
TP1: 1.1440
TP2: 1.1640
Visit my Drumming & Percussion Blog - DrumsCult com
  • #1,027,956
  • Sep 23, 2015 5:51pm Sep 23, 2015 5:51pm
Quoting Ken A
{quote} Protecting the margin and to avoid winning trade to losing trade before hit target. No, not suggesting anything as we all do things differently. For example; this trade below is on monthly chart - it will take months to years before reaching target - while waiting, there's no guarantee it will not come back against me resulting in loss if no stop is placed. {image}
did you long EA yesterday?
  • #1,027,957
  • Sep 23, 2015 5:59pm Sep 23, 2015 5:59pm
Quoting Ken A
{quote} Bid {image} {quote} Nope
ok, you must be busy with other EURxxx and DAX that you missed EA
  • #1,027,958
  • Sep 23, 2015 6:29pm Sep 23, 2015 6:29pm
Quoting DrakeFX
{quote} It happens to me a lot of times, but when i angry that i end up with +1 profit from +50 when i was starting to....
Dude, just a suggestion; Its time to withdraw your profits before you blow your account with over-leveraging. 150% profit on your first day of trading new account is nothing less than hitting a jackpot.
  • #1,027,959
  • Sep 23, 2015 6:37pm Sep 23, 2015 6:37pm
after long weekend Tokyo coming in ...
  • #1,027,960
  • Sep 23, 2015 6:37pm Sep 23, 2015 6:37pm
Quoting Ken A
{quote} Bid {image} {quote} Nope

Can go more down brother . 43.40
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