Lets see if it works
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Thread: Lets see if it works

  1. #1
    Hi,
    Here's some piece of my thought. Not a mastertrader however [need 1 trade more to 1KT ]

    Here's something I examine now so to not to get lazy I will upgrade results, so that I could see myself trading, not coming late to the screen swearing it was such a nice opportunity I've only miss.

    So. In general I wait for daily fad then enter on 1H chart in trend direction with Entry Order.
    For Entry level I use pliers or top prior to retracements and also for SL size of retracement. No hint yet for TP. Almost all of trades will be automated, but sometimes it's possible to view sth's incorrect, if so I will post my excuse.
    If you want to post and comment, I'm here around full hours to find out what's on.

    Later on I will post results in first post, and maybe if pick so - will attempt wander off my rules to find out if intestine may be better than rules [might be or may be not - Gann is supposed to use stars for his indior...].

    So If you follow - you will strt to find out what can I do exactly.

    EDIT: Title shifted

  2. #2
    I am a man struggling with his or her subconscious.
    Today I am one hour , so instead of 24 pips I could shut at 7:00 GMT I've just closed 9 of these at 8:00 [BTW it was just 3 pips out of my goal when it reversed]. Eurotrades I've skipped would give me reduction if I exchanged them despite observable gain of 70 pips on EJ that I probabily would not take it even if needed position started.

    For today see no opportunities for entry on some pair.
    Perfect situation on Euro pairs would be crossing up on MA and then signal down [with no signs of downmove on UJ].
    For UJ I see hard times - maybe not really cool however This pair today resembles going down, what is suspicious for me. If it moved over it's past highs @ 110.65, I'd believe in uptrend. As for downtrend it is too weak for me...


  3. #3
    Quite hard time to make decision for me.
    Price went quite fast and reverse just before my entry.
    This not looks like nice price action I have used to, so I canceled my order. Other issue is wide SL I would need to use if it was opened. Further declining is possible, but I will await a different trade.
    Following is a movie if you like to view it

  4. #4
    Situation the same as yesterday exept 10/20 MA cross down on UJ daily. I have set UJ brief EO @ 108.95. Today won't be able to see chart again, and have to leave it just like this. SL somevhere over past five hour range region and TP on underside of past month range [108.16]. I'll be back today at nighttime, so no more updates until midnight GMT.
    Over 110.30 I would believe uptrend, but will not update today.

    Here's the chart:

  5. #5
    Nicely...
    First pleasant profit - 65pips [SL 26]
    I've only opened sunday night my charts and saw profits closed UJ @ 108.26 now it trades @52 therefore it was quite good choice for short term.

    For today I see some down trend on yen pairs [EJ and UJ] flat EU.

    Level for UJ 108.13 is still legitimate [under it I'm gonna look for quick trades]

    EJ needs to be observed closely - potential shorts. It trades below a week range, momentum still on cross up, but price doesn't care

    EU is at a middle of range. Yen crosses provides much clearer situations for trend, so I'm gonna reside this pair for the time being. No transactions in any way.

    Therefore:
    UJ - brief below 108.13
    EJ - look closely [5am. GMT feels like good hour for putting orders - so expect new comments that time]
    EU now quite dull.

    Here's a movie:




    EDIT: UJ could open it's close friday price - Yes I was blessed:gt;

  6. #6
    Not too much change immediately. Euro trades under 159.20, what seems like downtrend indiion - however I have no cross on momentum nevertheless:


    My first thought was to enter brief @ 158.39, but today after consideratin I am thinking of leave it till 9:30 GMT [GB manufacturing PMI] sadly I'm not here now...:/
    Finally I'll leave brief order till 9:35 - will see...
    What's quite important - it's not a legitimate sign yet - so it's similar to pricewatching idea. It is because EJ was in downtrend - momentum showed reversion, but price did not what ussually works as divergence and yet another kick down is rather possible.
    Additionally price was in my own area twice today, so if it will break that level - it must be for good. [notice that it's after 7:45, when price occasionally bounce around S/R levels - so when it did alredy - It is not gonna be back]

    Now. The absolute most crucial thing - I cross my hands and need to go

    See you day.

  7. #7
    Whoa!
    I'm alredy at EJ trae with 80 pips in and!
    Regret to not to make some tradeplan to get UJ pair - which was a mistake brought on by little account and thinking I can't afford two positions yet...

    EDIT: closed @157.87

  8. #8
    Here is what's for now.

    EU
    Alredy chose down leadership by breaking below 1.4572
    I have set yesterday night EO @1.4582 with 36 pips SL. It was a little bit of gut trading, but tech behind was price bouncing from 10 pips above resistance point makes it more likely to be broken in close future. Additionally price was supposed to revers [as mentioned two days ago] and it didnt yet, what made me more comfortable with downtrading. Fundamentally it seems to be dollar occasions now, so it is very good to have it . My SL on EU is about BE that is fantastic thing. When I'll see some new brief sign - will allow [you?] know.

    UJ
    is still downtrending, but because of brief EU I'll step aside. What I expect on daily now is few times of jealousy and then...
    will see has been that end of strong dollar for the time being, or another up move. I enjoy this pair because of it is moves, but now seems to be silent here [at last till US session rather not tradable]

    EJ
    Daily on pleasant strong downward movement. I'd wait for retracement and if occure - I'll place short trigger on last resistance. Let us know if happend [propabily in next two hours if not - will see]



  9. #9
    Ok. I've closed EU @ 1.4536 what I find quite stupid or unlucky or anything. I regret in reality.
    I set short EO for EU @ 1.4514 but when price will hit 1.4536 I will shut it and will find out what's on US session

  10. #10
    Quote Originally Posted by ;
    Okay. I have closed EU @ 1.4536 what I find quite dumb or unlucky or whatever. I regret in reality.
    I place short EO for EU @ 1.4514 but if price will hit 1.4536 I will shut it and will see what's on US session
    This one alredy near @ 1.4506. I'm leaving for now till US session

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