Did you anybody catch the EUR/JPY? Im still in it, 40 Pips sofar
- #62,910
- Nov 10, 2015 8:47am Nov 10, 2015 8:47am
I messed up completely yesterday and lost 20 pips , but better today with +50 - except for one stoopid error , I had recently raised my position size from .01 to .05
and had put it back to .01 today for a little counter trend trade - then forgot to go back to .05 for this +50 , best pips I got for ages DOH!!!
and had put it back to .01 today for a little counter trend trade - then forgot to go back to .05 for this +50 , best pips I got for ages DOH!!!
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I messed up completely yesterday and lost 20 pips , but better today with +50 - except for one stoopid error , I had recently raised my position size from .01 to .05 and had put it back to .01 today for a little counter trend trade - then forgot to go back to .05 for this +50 , best pips I got for ages DOH!!!
First of all, Congrat's on your trade
I have only 1 comment. As you progress
through trading, your charts look pretty cluttered
to me. I have found the cleaner/simpler the better.
You might want to say what can I remove to declutter
my charts.
Other than that...it was perfect!
sj
- #62,913
- Nov 10, 2015 9:22am Nov 10, 2015 9:22am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #62,914
- Nov 10, 2015 9:44am Nov 10, 2015 9:44am
{quote} Robuk, First of all, Congrat's on your trade
Anyway thanks for the advice , I am gradually de- cluttering my charts , they looked like a Christmas tree before !
It has taken me a long time but I seem to be making some progress now , just mostly trading H4 and taking very conservative profits , today was a bit different , I went to H1 'cos this morning the market was so slow - and it worked out OK .
- #62,915
- Nov 10, 2015 9:50am Nov 10, 2015 9:50am
EURGBP H1
Sell bias based on HTF (Plan A). Also a bearish bias on EURUSD and GBPUSD which are the prime drivers of EURGBP. Entry was a question of patience and waiting for price to break below support at DOL and YL with enough momentum to break below BRN (0.7100). TP1 set for 25 pips and TP2 set for 40 which was the next support zone down but ADR was in between. Eventually closed second position on exit signal on M15 (APB color change).
Sell bias based on HTF (Plan A). Also a bearish bias on EURUSD and GBPUSD which are the prime drivers of EURGBP. Entry was a question of patience and waiting for price to break below support at DOL and YL with enough momentum to break below BRN (0.7100). TP1 set for 25 pips and TP2 set for 40 which was the next support zone down but ADR was in between. Eventually closed second position on exit signal on M15 (APB color change).
Never argue with a fool; onlookers may not be able to tell the difference.
- #62,916
- Nov 10, 2015 9:52am Nov 10, 2015 9:52am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
Ok...I'm back, for a second. If you put in the Synergy Average Daily Range Calculator, it will show us our levels. Our levels are the Synergy SDC & Synergy ADR. Our levels give us our targets where price might go. They give us something to "aim" for. Our entry is the Apb's turning blue & the Tdi crossover. Our levels are our targets. I do this on every chart that I look at. Then I pick the chart with the most potential! I need room to make a profit. I'm not looking for a 15 pip move...I'm looking for a 50-100 pip move. sj {image}
I cannot help but notice the following two things on your charts:
1. I do not see the indicator for MN/W1/D1 highs/lows. Do you take these levels into consideration when trading the TMS?
2.I see no stochastics on your chart. Big E used it, Big Emm advised us to use it... What made you remove it and I'd ask how trading is going without it, but I know it is going great, so I won't ask.
But I am still curious why you chose to discard it.Thanks in advance for answering!
- #62,917
- Nov 10, 2015 10:08am Nov 10, 2015 10:08am
- Joined Jul 2013 | Status: Trader | 1,045 Posts
EURGBP H1 Sell bias based on HTF (Plan A). Also a bearish bias on EURUSD and GBPUSD which are the prime drivers of EURGBP. Entry was a question of patience and waiting for price to break below support at DOL and YL with enough momentum to break below BRN (0.7100). TP1 set for 25 pips and TP2 set for 40 which was the next support zone down but ADR was in between. Eventually closed second position on exit signal on M15 (APB color change). {image}
I did not take EG, but I took another GBP pair, GA, H1, long, and same as you, I waited for APB to get passed the DOL. When APB closed above DOL and above PAC with a decent sized candle, and TDI crossing with good angle, I aimed for 50 pips and I got them.
