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Defensive Trading the Force Continued

  • #121
  • Jan 13, 2016 7:09pm Jan 13, 2016 7:09pm
Attached File(s)
File Type: ex4 PinBar2.0.ex4   11 KB | 394 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: rsi.png Size: 41 KB
Attached File(s)
File Type: mq4 RSI_Mtr.mq4   30 KB | 429 downloads
  • #122
  • Jan 13, 2016 7:11pm Jan 13, 2016 7:11pm
be ready for partial profits.
Stacking pips since 2002
  • #123
  • Jan 13, 2016 7:22pm Jan 13, 2016 7:22pm
The Asian session is sooo slow!!!
  • #124
  • Jan 13, 2016 8:10pm Jan 13, 2016 8:10pm
I will continue to hold this position. Same stop.
Stacking pips since 2002
  • #125
  • Jan 13, 2016 8:47pm Jan 13, 2016 8:47pm
The support line below the PA is holding nicely. I'm going to hold this position unless the price closed below it. If the price doesn't hit the support above it on the next candle I will reasses and adjust if necessary.
Stacking pips since 2002
  • #126
  • Jan 13, 2016 9:00pm Jan 13, 2016 9:00pm
A 16 pip range for 4 hours is worse than watching paint dry!

At least the candle closed bullish above TL and support
  • #127
  • Jan 13, 2016 9:17pm Jan 13, 2016 9:17pm
Quoting fxforfun
A 16 pip range for 4 hours is worse than watching paint dry! At least the candle closed bullish above TL and support
Yes very boring I agree. The trick is to have many charts. I have about ten.
Stacking pips since 2002
  • #128
  • Jan 13, 2016 9:19pm Jan 13, 2016 9:19pm
Quoting forexjedi
{quote} Ive subscribed to your profile so I can keep an eye on you. You have potential.
likewise as you already have it ..
  • #129
  • Jan 13, 2016 9:23pm Jan 13, 2016 9:23pm
EUR USD,

The price is trying to break the support line as you can see from the chart below. Ive back my stop off slightly to allow for some volatile movement in case the price goes for the second support. All that matter right now is that the price closes above the support line. For now I will wait for the top of the hour.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 80 KB
Stacking pips since 2002
  • #130
  • Jan 13, 2016 9:24pm Jan 13, 2016 9:24pm
Quoting forexjedi
{quote} Yes very boring I agree. The trick is to have many charts. I have about ten.
I went ahead and closed position for -10 pips. Got to go to bed and work a real job
  • #131
  • Jan 13, 2016 9:27pm Jan 13, 2016 9:27pm
Quoting fxforfun
{quote} I went ahead and closed position for -10 pips. Got to go to bed and work a real job
Let me know when your on tmrw then. I owe you 10 pips. Im going to hold this trade.
Stacking pips since 2002
  • #132
  • Jan 13, 2016 9:59pm Jan 13, 2016 9:59pm
EUR USD,

My stop has been moved back to its original position as the price has closed back above the resistance line. Im going to continue to hold this position because theres no reason why I shouldn't. The bears tried and failed. Maybe they'll try again or maybe they wont.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 81 KB
Stacking pips since 2002
  • #133
  • Jan 13, 2016 10:43pm Jan 13, 2016 10:43pm
When the price hits the resistance line ill take partial profit and move my stop to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 81 KB
Stacking pips since 2002
  • #134
  • Jan 14, 2016 5:53am Jan 14, 2016 5:53am
Quoting forexjedi
{quote} Let me know when your on tmrw then. I owe you 10 pips. Im going to hold this trade.
No worries my friend. I see the trade worked out with about 30-35 pip draw down. That is not bad for H1 time frame. If I can't handle a 10 pip loss I got no business trading, lol
  • #135
  • Edited 7:05am Jan 14, 2016 6:31am | Edited 7:05am
Euro Trade was 109.200 Sell as per chart..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-oanda-division11.png Size: 121 KB
  • #136
  • Jan 14, 2016 10:56am Jan 14, 2016 10:56am
Quoting fxforfun
{quote} No worries my friend. I see the trade worked out with about 30-35 pip draw down. That is not bad for H1 time frame. If I can't handle a 10 pip loss I got no business trading, lol
Indeed it was a eventually a loosing trade. I called it as risky before we started but even though it was risky all the logic was there for a good trade. Its failure to clear the resistance line then the volume of the london open drove the price down as traders could see the multiple failures to clear the resistance. At the moment the price seems lost and we have just over 24 hours to make some solid pips from this pair.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 78 KB
Stacking pips since 2002
  • #137
  • Jan 14, 2016 11:56am Jan 14, 2016 11:56am
Euro trade 62 pips and closed on the pivot line.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-oanda-division11.png Size: 96 KB
  • #138
  • Jan 14, 2016 1:58pm Jan 14, 2016 1:58pm
Pound Dollar opened buy at 143 800 uk am time letting this run till tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m30-oanda-division11.png Size: 118 KB
  • #139
  • Jan 14, 2016 8:32pm Jan 14, 2016 8:32pm
Just closed pound dollar trade at 35 pips.

Weeks trading looks like 40 - 40 - 60 - 35 totals 175 pips for the first week.
Nice System.
  • #140
  • Jan 14, 2016 8:39pm Jan 14, 2016 8:39pm
Quoting dean1star
Just closed pound dollar trade at 35 pips. Weeks trading looks like 40 - 40 - 60 - 35 totals 175 pips for the first week. Nice System.
Awesome!! Sorry about my absence its been a busy day on the personal side. Lets make some pips.
Stacking pips since 2002
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