When Price is UP, buy; when Price is Down, sell short... | Page 14 | Forex Factory

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Attachments: When Price is UP, buy; when Price is Down, sell short...
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When Price is UP, buy; when Price is Down, sell short...

  • #261
  • Nov 2, 2015 12:13am Nov 2, 2015 12:13am
for those of u that my be interested but may be too shy to ask i am posting the three entry charts.
and as reference i included the ZAR, or USDZAR.

so what happens now ? either the trades end up profitable or they get stopped out for a loss..either way, it's a probability game in which we as traders try to put the odds in our favour.
i'm stepping out now, have to do some errands for the missus.

Attached Image (click to enlarge)
Click to Enlarge Name: 3x longs Mon 02Nov 2015.png Size: 39 KB
  • #262
  • Nov 2, 2015 5:50am Nov 2, 2015 5:50am
ok, here we are after 5hrs ...

 

  1. NZDUSD ....stopped-out for a loss
  2. AUDUSD....not doing much better either, currently in a loss BUT the lower tf are still saying stay long.
  3. GBPJPY...the star of the day, currently +80 pips for the day, thus putting us ahead in terms of gains.

​

Attached Image (click to enlarge)
Click to Enlarge Name: 3x longs Mon after 5hrs 02Nov 2015.png Size: 29 KB
  • #263
  • Nov 2, 2015 5:56am Nov 2, 2015 5:56am
here is the Ozzie trade showing 4hr chart...if current 4hrs close red i will definitely exit this trade, but that is in 2hrs.
Attached Image (click to enlarge)
Click to Enlarge Name: 2x longs Mon 02Nov 2015.png Size: 22 KB
  • #264
  • Nov 2, 2015 6:00am Nov 2, 2015 6:00am
the same applies to the Geppy current 4hr close, i will exit if cls red.

still toying with the idea whether i should cls the Ozzie trade if this current 1hr cls red for a small loss
Attached Image (click to enlarge)
Click to Enlarge Name: 2x longs 2Mon 02Nov 2015.png Size: 23 KB
  • #265
  • Nov 2, 2015 6:07am Nov 2, 2015 6:07am
still monitoring the KIWI 30mins for longs...this is my intention should it cls up in about 26mins from now...the green x shows my intended direction
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  • #266
  • Nov 2, 2015 6:14am Nov 2, 2015 6:14am
it appears the intrday tf of the Geppy is running out of steam [upward momentum], so may close any time now

on the other hand, the OZZIE and the KIWI signalling longs...got to wait for the bars to close before takiing any action bcz they may not cls green.
Attached Image (click to enlarge)
Click to Enlarge Name: 3trades monitoring.png Size: 30 KB
  • #267
  • Nov 2, 2015 6:24am Nov 2, 2015 6:24am
this chart shows is the exact entry and exit. i switched to the bar chart format so that the entry and exit can be seen better.
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  • #268
  • Nov 2, 2015 6:33am Nov 2, 2015 6:33am
here are all the trades for today. the 3 charts below show the exact entries and exits

Result;

  1. 2 losses and
  2. 1 win
  3. overall came out ahead with +50 pips for the day

Attached Image (click to enlarge)
Click to Enlarge Name: 2x losses & 1x win Mon 02Nov 2015.png Size: 28 KB
  • #269
  • Nov 2, 2015 7:10am Nov 2, 2015 7:10am
possible new 1hr long trade setup CADJPY
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  • #270
  • Nov 2, 2015 7:17am Nov 2, 2015 7:17am
have to wait and see if the bar closes up..if it does then it signals that bullish sentiment has resumed, if not...then i stay flat [on the sidelines]
  • #271
  • Nov 2, 2015 11:44pm Nov 2, 2015 11:44pm
the far eastern pairs such as the AUDUSD & NZDUSD & EURAUD, etc. start their best moves when their markets open...obviously. and as can be seen from the charts below, that is when most of the MT4 trading platforms start their day.
even if i took that respective buy and sell trades, my positions would have been stopped-out by that spike.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD & NZD pairs start movin in Asian.png Size: 21 KB
  • #272
  • Nov 3, 2015 12:05am Nov 3, 2015 12:05am
looking for a long signal ... intraday
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  • #273
  • Edited 12:51am Nov 3, 2015 12:16am | Edited 12:51am
look at this very bearish 4hr bar that just closed.. extremely bearish...so shorting rules.
the next 4hr bar will close in just under 4hrs...

Now this is the thing... pay attention please... if the current 4hr close up, then confidently enter buys.
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  • #274
  • Nov 3, 2015 1:20am Nov 3, 2015 1:20am
the same can be said of the current GBPJPY 4hr bar/candle as the GBPAUD above.
for intraday traders a cls of the 1hr around current levels, 186.19, will permit longs.
still more than 30mins before bar close.
  • #275
  • Nov 3, 2015 1:26am Nov 3, 2015 1:26am
note red news for the GBP expected today in about 2hrs...just a heads up
  • #276
  • Nov 3, 2015 6:26am Nov 3, 2015 6:26am
nice job sunshine...i sold gu though.......
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 34 KB
  • #277
  • Nov 3, 2015 10:18am Nov 3, 2015 10:18am
Quoting carbonado
nice job sunshine...i sold gu though....... {image}
excellent trades carbonado, weldone

i just went long the same pair, GBPUSD a few minutes ago, as u can see from the below charts.

my long Geppy stopped out for loss, basically bcz my entry was all wrong due to my stupid mistake....now its taking off in my trade direction but without me. i switched to bar format on the Geppy chart so u can more clearly see where i was stopped out.

CADJPY entry was also wrong but atleast my SL was wide enough to give me some gains.

i missed some optimal entries bcz i only returned to my trading station now. but i'm not moaning.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Geppy+CADJPY longs Tues 3Nov.png Size: 29 KB
  • #278
  • Nov 3, 2015 10:26am Nov 3, 2015 10:26am
"
Quoting sunshine
{quote} excellent trades carbonado, weldone i just went long the same pair, GBPUSD a few minutes ago, as u can see from the below charts. my long Geppy stopped out for loss, basically bcz my entry was all wrong due to my stupid mistake....now its taking off in my trade direction but without me. CADJPY entry was also wrong but atleast my SL was wide enough to give me some gains. i missed some optimal entries bcz i only returned to my trading station now. but i'm not moaning. {image}
"

may i ask why you bought gu .....if you use yesterdays candle to determine where to trade......by that i mean if yesterday closes as a bullish candle ,you look for a buy.....am just curious........
  • #279
  • Nov 3, 2015 9:54pm Nov 3, 2015 9:54pm
for those traders that wants to know how those two trades turned out i provide the 2 charts below. the screenshot was taken a few minutes ago just before i closed that 2 trades for gains.

 

  1. GBPUSD: +16 pips
  2. CADJPY : +60 pips
  3. not spectacular results BUT i feel good that i followed my strategy, especially in the GBPUSD longtrade because when i saw the trade setup, i then immediately bought without any hesitation, however, i am not happy with the CADJPY long trade... why is that ? because i 2nd guessed myself and that resulted in me entering late after i won the time wasting argument against myself.

​

Attached Image (click to enlarge)
Click to Enlarge Name: Cable+CADJPY longs Clsd Wed 4Nov.png Size: 23 KB
  • #280
  • Edited 10:27pm Nov 3, 2015 10:14pm | Edited 10:27pm
Quoting carbonado
"{quote}" may i ask why you bought gu .....if you use yesterdays candle to determine where to trade......by that i mean if yesterday closes as a bullish candle ,you look for a buy.....am just curious........
hello carbonado

my apologies for only replying now because a friend and some relatives came to visit yesterday evening.

and yes u may ask. i zoomed in to show that the previous Daily candle was down, the down arrow points to the Daily bar in question. Was your Daily candle UP ? post a chart so we can see pls.

 

  1. i did not use yesterday's candle to buy...infact....yesterday's candle was red so if i used that strategy i should have sold like u did earlier.
  2. neither did i use the previous 4hr candle which closed also down,
  3. i used the close of the 1hr candle AND they way in which that closed happened...it erased the high of the previous 3 down bars AND close above the previous 2 down bars,
  4. lastly, i followed my trading plan for the month of November. Please note: the month of November may close Up or it may close down...at this stage it doesn't bothers me bcz i intend closing winning trades on a daily basis based on their internals...meaning...lower tf's. i may let a trade ride for several more days and even weeks if i am happy that momentum will follow thru, should i be uncertain or get my feeling of dread then i will close out immediately.

​

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