Oil Chart for you Davit. I hope this is correct
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- #3,342
- Sep 29, 2016 7:49pm Sep 29, 2016 7:49pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Oil Chart for you Davit. I hope this is correct {image}
and you got the right template
thank you
That clears lot of things for me.Won't surprise me correction to 38R 46 which should push UC back to 32 and another opportunity to unload
Love to see EU below 12 which should push EA below 47 for reload longs
make sure you download news indicator. its a great tool to know always what is going on
as a trader you can not effort not to know the news.Example I talked about Oil deal several times and it paid rather handsomely by Shorting UC and EC.
While technical part of trading is necessary one can not rule out fundamentals and news
In trading, you have to be defensive and aggressive at the same time
- #3,344
- Edited 8:41pm Sep 29, 2016 8:18pm | Edited 8:41pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
This is my 1st share here and I cannot thankyou Davit enough for giving people an opportunity to turn over a new leaf in their trading journey. AU H4 Sell {image} Best regards
awesome trade and welcomeLove having you here!
You will build your account to higher level without stress or worry
In trading, you have to be defensive and aggressive at the same time
- #3,345
- Edited 8:37pm Sep 29, 2016 8:27pm | Edited 8:37pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Not much going on but have been watching EG and PA is turning south and I am in 4positions
Don't think it will break WP and my aim is short 30pip distance x4
not the best trade ATM but I could get out with minor gains.
Still watching EA to break below 47 and create opportunity on long side for reload
4656 38S where I am looking for correction
Crude most likely will go into correction and happens a lot on Fridays.That's great for CAD bulls like me
46 is likely and even 45.5
Don't think it will break WP and my aim is short 30pip distance x4
not the best trade ATM but I could get out with minor gains.
Still watching EA to break below 47 and create opportunity on long side for reload
4656 38S where I am looking for correction
Crude most likely will go into correction and happens a lot on Fridays.That's great for CAD bulls like me
46 is likely and even 45.5
In trading, you have to be defensive and aggressive at the same time
- #3,347
- Sep 29, 2016 9:22pm Sep 29, 2016 9:22pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
hi all..hi davit jus wanna say thnx again,,my results after 2 weeks on demo,,ddnt realize it cuz was focused on trades,,,results speak for themselves {image} {image}
I have missed feelings about demo results.Its psychologically easy to press buy and sell standard lot but its totally different mind game when doing the same with your hard earned cash.
If you are doing it to convince yourself that my system truly has an Edge then I think you have proven that to yourself
Good job there.Now I suggest you open live account and trade mini lots so you can train psychological aspect of trading as well.This is the harder part.Watch Mark Douglas videos and please read "Trading in the Zone" Need to have both technical skill and psychology of trading come together for successful trading.
Cheers and good start
by the way in real live trading 7k account should never trade with 1standard lot.That's too much exposure. 100pip loss will put you in -1k that's about 13% account loss on single trade recipe for disaster not even touching upon heart attack stress and panics.
You should be trading .10-.5 mini lots until you have what it takes both skill,metal and account size to trade standard lot.
In trading, you have to be defensive and aggressive at the same time
- #3,348
- Sep 29, 2016 11:40pm Sep 29, 2016 11:40pm
{quote} Hi Gomab I have missed feelings about demo results.Its psychologically easy to press buy and sell standard lot but its totally different mind game when doing the same with your hard earned cash. If you are doing it to convince yourself that my system truly has an Edge then I think you have proven that to yourself
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
- #3,349
- Edited 1:10am Sep 30, 2016 12:57am | Edited 1:10am
Follow up on AUD based trades this week.
ACAD +1200 pips
ACHF +250 pips
Just looking at this trade though - you can see the power of pivot levels and the S/R zones. Even though price had traded earlier in the week at and around the weekly pivot, once the move had been made to the upside of R61-R78, probability then stacked for a move lower. With hindsight, I exited too early as there was a strong downward move in the wake of the news around oil supply levels - but green pips are always welcomed and we move onto the next trade opportunity.
AU +150 pips and another batch still open at +224
I was in drawdown for a while with ACHF and AC, however my positions were small and I added at better levels (higher 61-100) range. Again no emotion around these trades as playing with small lot sizes and probability was stacked on my side. once in the 61-100 zone.
As Davit spotted - EA was another was to play the AUD this week - it bounced twice off S61 and is heading towards WP.
ACAD +1200 pips
ACHF +250 pips
Just looking at this trade though - you can see the power of pivot levels and the S/R zones. Even though price had traded earlier in the week at and around the weekly pivot, once the move had been made to the upside of R61-R78, probability then stacked for a move lower. With hindsight, I exited too early as there was a strong downward move in the wake of the news around oil supply levels - but green pips are always welcomed and we move onto the next trade opportunity.
AU +150 pips and another batch still open at +224
I was in drawdown for a while with ACHF and AC, however my positions were small and I added at better levels (higher 61-100) range. Again no emotion around these trades as playing with small lot sizes and probability was stacked on my side. once in the 61-100 zone.
As Davit spotted - EA was another was to play the AUD this week - it bounced twice off S61 and is heading towards WP.
- #3,351
- Edited 4:09am Sep 30, 2016 2:26am | Edited 4:09am
Update on AU - profit target of WP achieved. Closed+350 pips on AU this week. Exited two thirds of this final batch of positions and will let the rest run.
7600 is the first barrier to break, so we might bounce back towards daily open, however still only at 68% of average ADR, so there could be more of a move down.
7600 is the first barrier to break, so we might bounce back towards daily open, however still only at 68% of average ADR, so there could be more of a move down.
Update on AU - profit target of WP achieved. Closed+350 pips on AU this week. Exited two thirds of this final batch of positions and will let the rest run. 7600 is the first barrier to break, so we might bounce back towards daily open, however still only at 68% of average ADR, so there could be more of a move down. {image}
That being said. I was planning to let my EF and GF trades go, as long as needed. But something made them pop up and hit my TPs. Not sure what was the cause though? Oh well, I'll take it! +88 on EF and +312 on GF
(My original TP for EF was WP as well but ADR was already hitting red numbers so lowered it to to S38, just to be sure, but price shot through it and is now on ADR 202%!)
- #3,355
- Sep 30, 2016 3:18am Sep 30, 2016 3:18am
- Joined Mar 2016 | Status: Full Trader | 1,378 Posts
[Quote = ThirdConfig; 9170992] {quote} increíble. Como he sido un (a tiempo parcial) transacciones de la jornada durante un par de años ahora se me hace difícil de aferrarse a los oficios. En otras palabras, el comercio de swing. Incluso cuando todas las señales siguen ahí me hace sentir ansioso por dejar un comercio correr durante la noche. Sin embargo, mediante la recopilación de todas las pepitas de sabiduría que, pescante y algunos otros están dejando atrás lo estoy logrando. (Creo). Una vez dicho esto. Yo tenía la intención de dejar que mis EF y GF operaciones van, siempre y cuando sea necesario. Pero algo hizo pop-up y golpeó mis TP. No está seguro de cuál era la causa sin embargo? Oh, bueno, me lo llevo! 88 en EF y 312 en GF (Mi TP original para EF fue WP también, pero ADR ya estaba golpeando números rojos por lo que bajaron a al S38, sólo para estar seguro, pero el disparo de precios a través de él y ahora está en ADR 202% !) {image} {image} [/ quote]
INCREDIBLE. This system
INCREDIBLE
. This system - #3,357
- Sep 30, 2016 4:07am Sep 30, 2016 4:07am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
my EG hit TP
+145pips
This might be my last trade for Sept
48% gain of equity in Sept.Not even going to counts pips earned
Congrats to many of you for spectacular gains as well!
+145pips
This might be my last trade for Sept
48% gain of equity in Sept.Not even going to counts pips earned
Congrats to many of you for spectacular gains as well!
In trading, you have to be defensive and aggressive at the same time
- #3,358
- Sep 30, 2016 4:14am Sep 30, 2016 4:14am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Follow up on AUD based trades this week. ACAD +1200 pips {image} ACHF +250 pips {image} Just looking at this trade though - you can see the power of pivot levels and the S/R zones. Even though price had traded earlier in the week at and around the weekly pivot, once the move had been made to the upside of R61-R78, probability then stacked for a move lower. With hindsight, I exited too early as there was a strong downward move in the wake of the news around oil supply levels - but green pips are always welcomed and we move onto the next trade opportunity....
awesome job you must of hit real good % this monthKeep hammering those pips
In trading, you have to be defensive and aggressive at the same time
- #3,359
- Sep 30, 2016 4:15am Sep 30, 2016 4:15am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
[Quote = ThirdConfig; 9170992] {quote} increble. Como he sido un (a tiempo parcial) transacciones de la jornada durante un par de aos ahora se me hace difcil de aferrarse a los oficios. En otras palabras, el comercio de swing. Incluso cuando todas las seales siguen ah me hace sentir ansioso por dejar un comercio correr durante la noche. Sin embargo, mediante la recopilacin de todas las pepitas de sabidura que, pescante y algunos otros estn dejando atrs lo estoy logrando. (Creo). Una vez dicho esto. Yo tena la intencin de dejar que mis EF y GF operaciones...
keep going strong
In trading, you have to be defensive and aggressive at the same time
- #3,360
- Sep 30, 2016 4:17am Sep 30, 2016 4:17am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time