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The Swamp

  • #4,701
  • May 4, 2016 7:16am May 4, 2016 7:16am
Quoting Ken A
There's only one secret; Don't change direction every 1 hour Stay with Daily chart
current, previous or both dailys? thanks
less is more
  • #4,702
  • May 4, 2016 7:24am May 4, 2016 7:24am
Quoting Marco-Kanto
DAX looking to close the gap from 13th April. Going to start looking to bid at 9825.
This was a great short when I posted. Possible 9800 and if 9800 taken out we could be looking at 9300
  • #4,703
  • May 4, 2016 8:36am May 4, 2016 8:36am
usdcad rising with oil at same time ? one of em is wrong ... shorted usdcad wider stops lower lev. trading over daily

usdjpy dealing with .64 H4 closed below
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  • #4,704
  • May 4, 2016 8:40am May 4, 2016 8:40am
Quoting Ken A
{quote} Not sure I understand the question

I read this article yesterday Ken. Some of the mistakes mentioned have been performed by me as well over and over again:


http://www.tradeciety.com/stop-over-trading/

 

  1. Watching trades tick for tick
  2. Moving to lower time frames once in a trade
  3. Looking for outside confirmation (social media, forums, news sites that have usually nothing to do with your system)
  4. Constantly moving around stop loss and profit orders
  5. Adding to trades and/or partially closing trades (usually without a plan)
  6. Checking your trades on the phone while youre gone


I guess it is worth reading when someone has a few minutes to kill.

  • #4,705
  • May 4, 2016 8:45am May 4, 2016 8:45am
Quoting Connors
{quote} I read this article yesterday Ken. Some of the mistakes mentioned have been performed by me as well over and over again: http://www.tradeciety.com/stop-over-trading/ Watching trades tick for tick Moving to lower time frames once in a trade Looking for outside confirmation (social media, forums, news sites that have usually nothing to do with your system) Constantly moving around stop loss and profit orders Adding to trades and/or partially closing trades (usually without a plan) Checking your trades on the phone while youre gone...
Yeah if I trade hourly chart my success rate is very low with tight stop 10-20 pips
  • #4,706
  • May 4, 2016 9:13am May 4, 2016 9:13am
Quoting Connors
{quote} I read this article yesterday Ken. Some of the mistakes mentioned have been performed by me as well over and over again: http://www.tradeciety.com/stop-over-trading/ Watching trades tick for tick Moving to lower time frames once in a trade Looking for outside confirmation (social media, forums, news sites that have usually nothing to do with your system) Constantly moving around stop loss and profit orders Adding to trades and/or partially closing trades (usually without a plan) Checking your trades on the phone while youre gone...
OMG
So true
(newbie checklist)
don't get in love with pairs ... up or down is the same pip value
  • #4,707
  • May 4, 2016 9:24am May 4, 2016 9:24am
Quoting Connors
{quote} I read this article yesterday Ken. Some of the mistakes mentioned have been performed by me as well over and over again: http://www.tradeciety.com/stop-over-trading/ Watching trades tick for tick Moving to lower time frames once in a trade Looking for outside confirmation (social media, forums, news sites that have usually nothing to do with your system) Constantly moving around stop loss and profit orders Adding to trades and/or partially closing trades (usually...
Looks like a good read. I'm going to check it out soon but right now too busy refreshing the 5m on my phone every 30 seconds.
  • #4,708
  • May 4, 2016 9:39am May 4, 2016 9:39am
Quoting goosebone
{quote} Looks like a good read. I'm going to check it out soon but right now too busy refreshing the 5m on my phone every 30 seconds.

Ya and Im on FF "the Swamp thread" looking for confirmation for my good/bad trade decisions
LOL
So true
don't get in love with pairs ... up or down is the same pip value
  • #4,709
  • May 4, 2016 9:43am May 4, 2016 9:43am
EJ reversal patter on daily?, looked so good from 121.90, stopped b.e once and +70 second time, I may add smaller ones if get lower
  • #4,710
  • May 4, 2016 9:54am May 4, 2016 9:54am
Quoting Ken A
Main reason why I am reluctant to post entry
on EJ?

ohhhhhh because you didn't get in at 121.xx???
  • #4,711
  • May 4, 2016 10:01am May 4, 2016 10:01am
Quoting edyraper
usdcad rising with oil at same time ? one of em is wrong ... shorted usdcad wider stops lower lev. trading over daily usdjpy dealing with .64 H4 closed below {image}
s/o on usdcad ... sh't happens , it's up 179 pips or so will look for consolidation for possible shorts , 187x gimme , monthly closed above 2537 (part of 187x) a bit bullish seems likely we are heading toward 3280 ish , I'll wait for pull back for longs if come back down , and shorts around these levels atm 2862 , 2908 possible R ... let's see
edit : I'll be much happier to see 328x on ucad shorts over there looks safer
  • #4,712
  • May 4, 2016 10:04am May 4, 2016 10:04am
Quoting Don96
{quote} on EJ? ohhhhhh because you didn't get in at 121.xx???
I did but already closed 90%

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  • #4,713
  • May 4, 2016 10:08am May 4, 2016 10:08am
Quoting Ken A
{quote} I did but already closed 90% {image}
:0 why, looks set for me, I'm not in atm, ill add some small positions if we get lower... ready for at least 124
  • #4,714
  • May 4, 2016 10:08am May 4, 2016 10:08am
Quoting edyraper
{quote} s/o on usdcad ... sh't happens , it's up 179 pips or so will look for consolidation for possible shorts , 187x gimme , monthly closed above 2537 (part of 187x) a bit bullish seems likely we are heading toward 3280 ish , I'll wait for pull back for longs if come back down , and shorts around these levels atm 2862 , 2908 possible R ... let's see
AU down and Crude down - caleful sholting UCAD
  • #4,715
  • May 4, 2016 10:12am May 4, 2016 10:12am
Quoting Ken A
{quote} AU down and Crude down - caleful sholting UCAD
thanks , yep alleady s/o ... waiting fol this getting slow, if oil and aussie keep moving this way will wait till sub 30 (32 ish) ... what are youl impoltant levels on ucad ?
  • #4,716
  • May 4, 2016 10:16am May 4, 2016 10:16am
hmm... i thought 1.29 was a good spot to try shorts as well....
  • #4,717
  • May 4, 2016 10:19am May 4, 2016 10:19am
Quoting Ken A
{quote} Round #
okay thanks
  • #4,718
  • May 4, 2016 10:26am May 4, 2016 10:26am
Pending SHORT for a few
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A good trader follows his rules, but great trader knows when to break them
  • #4,719
  • Edited 10:55am May 4, 2016 10:31am | Edited 10:55am
Quoting edyraper
{quote} s/o on usdcad ... sh't happens , it's up 179 pips or so will look for consolidation for possible shorts , 187x gimme , monthly closed above 2537 (part of 187x) a bit bullish seems likely we are heading toward 3280 ish , I'll wait for pull back for longs if come back down , and shorts around these levels atm 2862 , 2908 possible R ... let's see edit : I'll be much happier to see 328x on ucad shorts over there looks safer
1.3280 would be great for me
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  • #4,720
  • May 4, 2016 10:31am May 4, 2016 10:31am
Has anybody noticed the Turkish lira..ET is just flying (not a joke)
Any views.. ???
don't get in love with pairs ... up or down is the same pip value
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