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TMS for M30 charts

  • #9,521
  • Oct 28, 2015 7:58am Oct 28, 2015 7:58am
Quoting Davit
Good Evening guys Thinning out my herd.Have too much going... Closed my AC shorts +172pips total from 5 positions. Yes folks I did not add from the top and please don't ask why. Still patiently waiting for major correction after the FEds on UC and UJ {image}

Hello Davit,

I have checked some of your screen shots either here or in other forums and seen that you pay extra care about 61% and 100% lines and many of your trades are taken there. Would you please explain a little bit abut it?? I appreciate. What else you consider for your setups?
  • #9,522
  • Oct 28, 2015 8:35am Oct 28, 2015 8:35am
Long on Euro. have a few positions on EU. Took profit on EG early.
Attached Image (click to enlarge)
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  • #9,523
  • Oct 28, 2015 8:42am Oct 28, 2015 8:42am
open positions on EU.
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  • #9,524
  • Oct 28, 2015 9:22am Oct 28, 2015 9:22am
AUDCAD Davit style +40+29 pips.
Attached Image (click to enlarge)
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Trading can't be taught but it can be learned
  • #9,525
  • Edited 9:36am Oct 28, 2015 9:22am | Edited 9:36am
Quoting arioaza
{quote} Hello Davit, I have checked some of your screen shots either here or in other forums and seen that you pay extra care about 61% and 100% lines and many of your trades are taken there. Would you please explain a little bit abut it?? I appreciate. What else you consider for your setups?
Hi Arioaza
They are major Fibonacci numbers.Price tends to act strongly on key numbers 38, 61.8 or just 61 and 100%.100 is not a fib number but its 100% retraced numbers from previous swing which fib indicator measured from.
I also follow fundamentals.Price action such as spiky candles suggesting rejection and and momentum.
There are lots of nuances in trading which is hard to convey.In time you will understands better.I tend to simplify my trading.Often ask to yourself what is price doing and watch like 30min and you'll see what is going on.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #9,526
  • Oct 28, 2015 9:23am Oct 28, 2015 9:23am
Quoting Pipsninja
AUDCAD Davit style +40+29 pips. {image}
Great job!
I got out little too soon but have about 16trades going now...
In trading, you have to be defensive and aggressive at the same time
  • #9,527
  • Edited 11:34am Oct 28, 2015 9:26am | Edited 11:34am
Quoting Davit
{quote} Great job! I got out little too soon but have about 16trades going now...
Thanks Davit, talking about getting out too soon, I got out too soon on my UC short trades today. Adding to your winning trades sounds easy in theory but in real trading is a major hurdle for me. The reduced trading size is giving me the confidence to add to my winners.
Trading can't be taught but it can be learned
  • #9,528
  • Oct 28, 2015 9:28am Oct 28, 2015 9:28am
Quoting awcharts
open positions on EU. {image}
Hi A
Once Feds reiterate IR unchanged the Euro will go up.I think today Yellen will talk down the USD strongly.They simply can't afford high USD
while ECB and others are in cut mode.Recent numbers on US economy has been all red including consumer confidence.Last thing they want is destroy that confidence even more by IR hike.
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #9,529
  • Oct 28, 2015 9:30am Oct 28, 2015 9:30am
Quoting Pipsninja
{quote} Thanks Davit, talking about getting out too soon, I got out too soon on my UC short trade today. Adding to your winning trades sounds easy in theory but in real trading is a major hurdle for me. The reduced trading size is giving the confidence to add to my winners.
its not late on UC
It has potential to go all the way to 29 in few weeks or less.My TP is 1.30
USD will deflate sharply after FEds meeting.
Yesterday's oil plunge was classic case of taking "your money" by market makers.I had to sit back drink wine and wait for opportunities.
In trading, you have to be defensive and aggressive at the same time
  • #9,530
  • Oct 28, 2015 9:36am Oct 28, 2015 9:36am
Quoting Davit
{quote} its not late on UC It has potential to go all the way to 29 in few weeks or less.My TP is 1.30 USD will deflate sharply after FEds meeting. Yesterday's oil plunge was classic case of taking "your money" by market makers.I had to sit back drink wine and wait for opportunities.
Thanks, heading to the pivot.
Trading can't be taught but it can be learned
  • #9,531
  • Oct 28, 2015 9:42am Oct 28, 2015 9:42am
Quoting Davit
{quote} its not late on UC It has potential to go all the way to 29 in few weeks or less.My TP is 1.30 USD will deflate sharply after FEds meeting. Yesterday's oil plunge was classic case of taking "your money" by market makers.I had to sit back drink wine and wait for opportunities.

I have a USD/CAD long that is already 160 pips in profit, would you close it now? do you expect a big decline today?
  • #9,532
  • Oct 28, 2015 9:42am Oct 28, 2015 9:42am
UJ is at important support at 2025 but I don't think it will hold.
My TP is 119.75-70 38% pivot
if it drops too fast I may hold lower
notice how exactly price turned at 38 fib
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #9,533
  • Oct 28, 2015 9:47am Oct 28, 2015 9:47am
Quoting arioaza
{quote} I have a USD/CAD long that is already 160 pips in profit, would you close it now? do you expect a big decline today?
Watch OIl
Is it going up or down? It hit yesterday 42.50 and now its at 45
Personally you should of taken your TP way earlier...Take your money before the FEds meeting.It will only get worse for you
Warning that's what I would do but its your trade and its your decision and I could be wrong as well.
What I mean is Bear momentum on UC is very strong and not likely to change very soon.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #9,534
  • Oct 28, 2015 9:51am Oct 28, 2015 9:51am
After price make HH and PCRF , correct if i'm wrong likica ^^
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  • #9,535
  • Oct 28, 2015 10:11am Oct 28, 2015 10:11am
Quoting arioaza
{quote} I have a USD/CAD long that is already 160 pips in profit, would you close it now? do you expect a big decline today?
R u still in? still dropping strong...
In trading, you have to be defensive and aggressive at the same time
  • #9,536
  • Oct 28, 2015 10:15am Oct 28, 2015 10:15am
Quoting Davit
{quote} Watch OIl Is it going up or down? It hit yesterday 42.50 and now its at 45 Personally you should of taken your TP way earlier...Take your money before the FEds meeting.It will only get worse for you Warning that's what I would do but its your trade and its your decision and I could be wrong as well. What I mean is Bear momentum on UC is very strong and not likely to change very soon. {image}
Thanks for advice. I did it. I was kinda hoping that to hit above 1.3.
  • #9,537
  • Oct 28, 2015 10:19am Oct 28, 2015 10:19am
I am riding it down with 4 positions, Davit.
Attached Image (click to enlarge)
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Trading can't be taught but it can be learned
  • #9,538
  • Oct 28, 2015 10:22am Oct 28, 2015 10:22am
Quoting Pipsninja
I am riding it down with 4 positions, Davit. {image}
Nice you already got almost all in profit in short time
You can move stops to BE earliest 3 so you have 3 free trades.
In trading, you have to be defensive and aggressive at the same time
  • #9,539
  • Oct 28, 2015 10:27am Oct 28, 2015 10:27am
Quoting Davit
{quote} Nice you already got almost all in profit in short time You can move stops to BE earliest 3 so you have 3 free trades.
Thanks, I was thinking of the same thing, since we might get some funny price wacking before FOMC.
Trading can't be taught but it can be learned
  • #9,540
  • Oct 28, 2015 10:28am Oct 28, 2015 10:28am
USDJPY-W1

Just the price

Couple of interesting RN numbers
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
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