Is it just me, or there is really nothing out there as per setups?
Anyone has any advancement this week?
Cheers
Anyone has any advancement this week?
Cheers
Horizontal Lines on Round/Major Numbers? 28 replies
execution time for major broker, major pairs 3 replies
Trading With Speed Resistance Lines 12 replies
Trading With Median Lines book 1 reply
DislikedIs it just me, or there is really nothing out there as per setups?
Anyone has any advancement this week?
CheersIgnored
DislikedThat spike down to 81.14 today almost took my live position out today on USD/JPY. In case anyone is wondering, I'd have been stopped out if my position was even BE +1. This is why we put our stop loss at BE.
That being said, I'm sure that position will be gone-ski soon enough. We'll see what the market decides.
P.S. USD/JPY is driving me bonkers. Almost 2 weeks of indecision just to spike down like that and just barely take me out? It's like the market is TRYING to mess with my emotions.Ignored
DislikedHas anyone tried this approach with a tweak in order to have more frequent trades? Can you please elaborate?
CheersIgnored
DislikedCan I ask you this: Why do you feel you need to trade more frequent? Trades come and go why not just wait on the best ones, have a high success rate, and make good bank on each trade?
You don't have to answer this to the thread but just for you to think about. I can tell you this personally, when I cut my trades to a third of what they use to be, my profits have never been higher.
simpleIgnored
DislikedCan I ask you this: Why do you feel you need to trade more frequent? Trades come and go why not just wait on the best ones, have a high success rate, and make good bank on each trade?
You don't have to answer this to the thread but just for you to think about. I can tell you this personally, when I cut my trades to a third of what they use to be, my profits have never been higher.
simpleIgnored
DislikedSimple and Jason,
Thanks for your comments. Although I agree with you, I was thinking of a way to "scalp" the market with 30-50 pip trades while our long term setup arises. Think it this way... if we can accumulate some pips by short term trading, then we can risk all or part of those same profits to build a more leveraged entry on the long term, by still risking 10 - 15 pips.
i.e. if get 60 pips by scalping, then on your long term setup you can risk your 15 or so pips at double size, meaning you're risking 30 pips of your scalping profit, without...Ignored
DislikedIndeed, my week entry NZDCAD is still alive, now almost reaching 200 pips!
My first big one, man
Thanks Nomask for teaching us your amazing method !!Ignored
Disliked(I only trade the USD pairs and the JPY pairs..)
Hindsight telling me reasonably clearly to look for opportunities to short the dollar next week.
JPY pairs look a bit iffy or consolidation-y so gonna stay away from them unless and until I see something solid and clear in the H4 timeframe.Ignored
Dislikedgss,
Iwonder why you keep your hindsight short for EU? Last week is a bullish pinbar from the 1.4 level (mayor line). I've my chart marked long waiting for momentum bar on H4 probably tomorrow or Wednesday.
I have market to short USDCHF though.
Comments appreciated.
BTW, no I havent read graems (pipeasy) thread. Do you have the name of the thread or the link to it?
CheersIgnored