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Defensive Trading the Force Continued

  • #161
  • Jan 17, 2016 9:26am Jan 17, 2016 9:26am
​Hi Jedi! I saw and took this sell ( White line ). Tp1 on s1 and tp2 on s2
Attached Image (click to enlarge)
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  • #162
  • Jan 17, 2016 4:53pm Jan 17, 2016 4:53pm
Quoting AlZhuk
​Hi Jedi! I saw and took this sell ( White line ). Tp1 on s1 and tp2 on s2 {image}
Although this trade worked out its not an official signal. If you look at the yellow support trend line which would have been the lower support TL at the time and add the purple support lines I would have considered this a high risk trade. I didn't make this trade for for demonstration purposes I would have taken a low risk positiion at either of the green circles with a stop at the red line due to the solid resistance looking for a break of the massive support below the price.



Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 62 KB
Stacking pips since 2002
  • #163
  • Jan 17, 2016 5:01pm Jan 17, 2016 5:01pm
Quoting sylbolid
{quote} Hi forexjedi, did you trade it? If yes, may I see your entry, stop loss and take profit where they are?If you didn't trade it, please can you show me where would you enter, where would you put the sl and tp?I really like this strategy, but I find a little bit difficult to understand exactly the setup, some chart with entry, sl and tp would be a great help!Thanks and have a good weekend!Syl
I hope this helps. I dont have an open position as my TP was hit risk at one percent and reward at three percent. It was a flawless trade. Wait for the MA cross, wait for a for a solid movement, wait for the retracement then open the position on continuation.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 59 KB
Stacking pips since 2002
  • #164
  • Jan 17, 2016 6:17pm Jan 17, 2016 6:17pm
Thanks for all your valuable info! I'll give it a go with me favorite pair.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDiH1.png Size: 62 KB
Trade with confidence, trade without fear.
  • #165
  • Jan 17, 2016 6:29pm Jan 17, 2016 6:29pm
Quoting Cryptosurf
Thanks for all your valuable info! I'll give it a go with me favorite pair. {image}
Remember to make skilled decisions and let the trade come to you and please share your results and post any questions.
Stacking pips since 2002
  • #166
  • Jan 17, 2016 9:08pm Jan 17, 2016 9:08pm
Buy on Pound Dollar 142 600 into first one hour candle after the open.
Post the chart later on.

Target 143 300
  • #167
  • Jan 17, 2016 11:56pm Jan 17, 2016 11:56pm
Quoting forexjedi
{quote} I hope this helps. I dont have an open position as my TP was hit risk at one percent and reward at three percent. It was a flawless trade. Wait for the MA cross, wait for a for a solid movement, wait for the retracement then open the position on continuation. {image}
Hi, yes thanks, it helps me. Do you usually open a position also at the bounce to a solid trend line, or you always wait for a bounce to it followed by a retracement then you open a position on continuation? Cheers Syl
  • #168
  • Jan 18, 2016 3:37am Jan 18, 2016 3:37am
Quoting forexjedi
{quote} Remember to make skilled decisions and let the trade come to you and please share your results and post any questions.
I didn't take the trade but made a clean bounce off support line.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDiH1b.png Size: 65 KB
Trade with confidence, trade without fear.
  • #169
  • Jan 19, 2016 1:35am Jan 19, 2016 1:35am
70 pips on GBP closed trade target reached .

143 300 closed.
  • #170
  • Jan 19, 2016 3:44am Jan 19, 2016 3:44am
Quoting dean1star
70 pips on GBP closed trade target reached . 143 300 closed.
Hi Dean, very nice! Can you share your chat and your setup please?Good luck!Syl
  • #171
  • Jan 19, 2016 7:34am Jan 19, 2016 7:34am
Quoting sylbolid
{quote} Hi Dean, very nice! Can you share your chat and your setup please?Good luck!Syl
Here you are .. SYL

You can see the up position with the arrow and the down when trade closed.

The third arrow marks my buy in zone again for the next trade which i have not placed yet.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-oanda-division11.png Size: 109 KB
  • #172
  • Jan 19, 2016 9:55am Jan 19, 2016 9:55am
Buy Pound Dollar at 141 650.
  • #173
  • Jan 19, 2016 6:08pm Jan 19, 2016 6:08pm
Quoting dean1star
{quote} Here you are .. SYL You can see the up position with the arrow and the down when trade closed. The third arrow marks my buy in zone again for the next trade which i have not placed yet. {image}
Ok, thanks!
  • #174
  • Jan 19, 2016 6:50pm Jan 19, 2016 6:50pm
Quoting dean1star
Buy Pound Dollar at 141 650.
Hi Dean, why you buy since the trend is clearly bearish? What is your setup? I am not criticising you, I want just to understand, thanks!Syl
  • #175
  • Jan 20, 2016 12:05am Jan 20, 2016 12:05am
[quote=sylbolid;8699572]{quote} Hi Dean, why you buy since the trend is clearly bearish? What is your setup? I am not criticising you, I want just to understand, thanks!
Hey SYL - because currencies are dependant on money flow so if one seller sells you will find another buys them back for the most part.
Interesting how people like to quote bears and bulls - i just like to follow the system knowing if i trade every set up the ratio for pips is in my favour, yes we all have lossess part of the gig but you can make a fortune on 10 pips a day - i aim for 100 per week, anyone can make pips its just the few who can keep them ..

and that takes screen time and a couple of years to understand.
  • #176
  • Jan 20, 2016 12:33am Jan 20, 2016 12:33am
Ok thanks!
  • #177
  • Jan 21, 2016 12:50pm Jan 21, 2016 12:50pm
Quoting sylbolid
{quote} Ok, thanks!
75 pips closed on Target Pound Dollar - 141 650 - 142 400
  • #178
  • Jan 21, 2016 5:52pm Jan 21, 2016 5:52pm
Quoting dean1star
{quote} 75 pips closed on Target Pound Dollar - 141 650 - 142 400
Hi Dean, very good performance! Could you please share also your chart with the entry, sl, tp, and the setup? I still find difficulties to understand your setup, thanks in advance! Syl
  • #179
  • Jan 21, 2016 6:12pm Jan 21, 2016 6:12pm
My first trade EURUSD ...
Attached Image (click to enlarge)
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  • #180
  • Edited 12:45am Jan 22, 2016 12:34am | Edited 12:45am
Quoting sylbolid
{quote} Hi Dean, very good performance! Could you please share also your chart with the entry, sl, tp, and the setup? I still find difficulties to understand your setup, thanks in advance! Syl
Hey Syl - ok here is the chart - try and look at the marked arrows and see where the stochastic and macd are in relation to eachother and how the support lines add strength esp the daily support lines.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-oanda-division11.png Size: 136 KB
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