I Have Learned to Take Some Losses to Make Profits
- #9,102
- Edited 5:53am Oct 15, 2015 5:22am | Edited 5:53am
Here is a hit me baby one more time (follow up) trade on GJ
. Usually when price drops this fast, it retraces to or near 10 EMA and then falls again. You may wait for a rejection candle near or at 10 EMA and then get in or do what I call a Touch (anticipation of the bounce) trade. Presence of 10 EMA, 200 EMA and RN 183.50 gave me more confidence to do a Touch trade without confirmation.
. Usually when price drops this fast, it retraces to or near 10 EMA and then falls again. You may wait for a rejection candle near or at 10 EMA and then get in or do what I call a Touch (anticipation of the bounce) trade. Presence of 10 EMA, 200 EMA and RN 183.50 gave me more confidence to do a Touch trade without confirmation.
Trading can't be taught but it can be learned
- #9,103
- Oct 15, 2015 5:43am Oct 15, 2015 5:43am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} nice bag buddy. D is gonna knock at your door to share the greenies
...shameless news slam - TL break - covered BE play
- #9,105
- Oct 15, 2015 5:51am Oct 15, 2015 5:51am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Here is a hit me baby one more time (follow up) trade on GJ
... Divergence GBPUSD 30m. {image}
... gr8 trading guys - #9,106
- Oct 15, 2015 5:56am Oct 15, 2015 5:56am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #9,107
- Oct 15, 2015 5:58am Oct 15, 2015 5:58am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Closed my AC shorts 6 positions +180 pips notice the pivot bounce {image}
...9466 was my guess but to 
... superb trading buddy and gr8 calls 
- #9,108
- Oct 15, 2015 6:00am Oct 15, 2015 6:00am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote}
In trading, you have to be defensive and aggressive at the same time
- #9,109
- Oct 15, 2015 6:07am Oct 15, 2015 6:07am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #9,111
- Oct 15, 2015 6:15am Oct 15, 2015 6:15am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
I like to share something that may be controversial the way you trade but its just my opinion and you are free to dismiss. About MA's or EMA's There is lot of talk about bounce from this EMA or another.Most relevancy of EMA is on daily Weekly TF and most important 200 because its institutional barometer.On lower TF its relevancy is pure coincidence.Price did not "bounce" from 10EMA Price action happened to hit that MA and same true on all EMA's on lower TF. Throw a Guppy "rainbow" MA on the chart and I can guarantee price will hit 1 or several on...
- its only like a marker - we all say like PA bounced off 200ema so we are on the same page etc ... hey, OS ignores it all the time - #9,112
- Oct 15, 2015 6:21am Oct 15, 2015 6:21am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} price makes MAs in the first place so saying that MAs act as S&R is no big ting - the only way for price to always avoid its own MA [any TF/ period] is to keep diving or keep rocketing
Example on EG but just about every pair
R/S 61 100 rules
In trading, you have to be defensive and aggressive at the same time
- #9,113
- Oct 15, 2015 6:24am Oct 15, 2015 6:24am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
AC and so on. Two very powerful tools TDI and fib pivots makes trading fun and $$ at least to me
In trading, you have to be defensive and aggressive at the same time
- #9,114
- Oct 15, 2015 6:25am Oct 15, 2015 6:25am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} I cleaned my chart from all MA's figuring TDI is enough after all it has 3 MA's in it.I like seeing fib pivot better and price action on pivot is staggeringly effective.It often blows my brain how accurately PA acts upon it. Example on EG but just about every pair R/S 618 rules {image}
fibs are natural to PA - after a while you can start to see it in PA without even measuring anyting - powerful stuff - #9,115
- Oct 15, 2015 6:30am Oct 15, 2015 6:30am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote}
Waiting for UC at least 2990-1.30 and you are correct eyeballing you can already tell its 618 of the swing.
In trading, you have to be defensive and aggressive at the same time
- #9,117
- Oct 15, 2015 6:42am Oct 15, 2015 6:42am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Officially hit my monthly goal of 20% today
got 2 weeks to build upon it.
Notice guys that I took 16 losses but there were all small hence equity gain only on 40 trades at 71%
This % of losses and profits is irrelevant as long as your RR is great.
got 2 weeks to build upon it.Notice guys that I took 16 losses but there were all small hence equity gain only on 40 trades at 71%
This % of losses and profits is irrelevant as long as your RR is great.
In trading, you have to be defensive and aggressive at the same time
- #9,118
- Oct 15, 2015 6:44am Oct 15, 2015 6:44am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #9,119
- Oct 15, 2015 6:52am Oct 15, 2015 6:52am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Officially hit my monthly goal of 20% today
...amazing consistencey bro - #9,120
- Oct 15, 2015 6:54am Oct 15, 2015 6:54am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,093 Posts
Closed my AC shorts 6 positions +180 pips notice the pivot bounce {image}
Simplicity is the ultimate sophistication - Leonardo da Vinci