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August 15, 2014
EurJPY105 pips and 2.5:1 RR. I think this has much further to drop based on daily projections. I got out at mid point of my projected target, but looking to reenter short if it sets up** Register Here for Free Membership to see this image/link **
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January 18, 2015
nice EJ trade, it looks to be setting up a buy trigger now though, so not sure about the sell unless it pulls back a bit first.
Â
closed the gold sell as it's setting up a brown buy trigger. might just be a trickout buy trigger, but i prefer to be safe with already earned profits lol.
hey you! remember to follow your bloody rules!
VIP Members
August 15, 2014
Rob S said
Gj8668 said
GOod morning all. I was wondering if anyone is using smaller setting on the M3, and what setting seems to work best. I am happy with the auto generated one but have noticed as I mess around with them some gave gbetter defined patterns. Hope everyone has a great weekend. I happen to be in florida and we are expecting either a hurricane or tropical storm. 🙁Gj:
When looking for a market open trade or trigger in general, I generally use a M3 median renko setting of 20. Â However, if the pattern is developing I will jump down to a value of 10 for a potential tighter entry. Â I never go lower than 10 and only use this low value during key market times.
Batten down the hatches, that storm looks pretty intense!
Thanks Rob appreciate the help. Â Been picking up a lot of pointers from your post and charts, and learned tons. Â The storm just fizzled and died but with El Nino this year, we expect lots of bad weather.
Â
Cheers 🙂
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August 15, 2014
WeeMee said
nice EJ trade, it looks to be setting up a buy trigger now though, so not sure about the sell unless it pulls back a bit first.Â
closed the gold sell as it's setting up a brown buy trigger. might just be a trickout buy trigger, but i prefer to be safe with already earned profits lol.
Always nice to have profits in hand than on the screen. Â I'm gonna keep my eye on that EJ. Trying not to be biased on EJ...
Just so hard to trade against that bearish daily structure
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March 1, 2011
Gj8668 said
EurJPY105 pips and 2.5:1 RR. I think this has much further to drop based on daily projections. I got out at mid point of my projected target, but looking to reenter short if it sets up** Register Here for Free Membership to see this image/link **
Nice One!
There was a 1-1 trade on SP at market close USA. Â Missed it. Â Also several nice EU trades, but didn't like the M8 PA so stayed out.
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May 27, 2014
Gj8668 said
EurJPY105 pips and 2.5:1 RR. I think this has much further to drop based on daily projections. I got out at mid point of my projected target, but looking to reenter short if it sets up** Register Here for Free Membership to see this image/link **
thanks for the tip GJ 😉 short on the EJ
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next.
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May 27, 2014
usd/cad countertrend trade tp whas spot onÂ
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lets see if my EU trade will go to TP.... i guess not!
Â
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January 18, 2015
nice trades everyone, very educational seeing what kind of trades people are taking. only got 1 good trade today and 1 loss and 1 BE. i missed the trade of the day which would have been the London close buy trade on the nasdaq, s&p or the dow, posted it in the appropriate section. i missed the trigger by a couple of minutes, was bummed out 🙂
Â
this December it will have been 1 year since i started my mission to learn to trade profitably. some times i really wonder if i will ever get to be consistently profitable. the markets seem to be made to take your money. although i think we are on to some thing with the time specific trades. i do notice that the more i trade the more often i understand whats happening and trade correctly. situations do seem to repeat endlessly
Â
one of my main battles is still, not taking trades that don't follow the rules. for some reason i still catch myself taking trades because i think i know what will happen rather then waiting to let the market show me the opportunity. i am getting better, but it's been a slow process. i some times wonder if i'm taking the more risky trades because it's not really money? would i be more careful if it was a live account? on the other hand if you can't make a consistent profit in demo i guess there is no hope for doing it live...
hey you! remember to follow your bloody rules!
I've been doing this for a decade and I still take the odd trade outside of my rules... it's human nature that you are trying to overcome so it does take time and you can still have an off day ever after 10 years.... main point is.... win more than 50% of your trades with a 1:2 RR minimum or higher.... OR... win more than 60%-70% of your trades with a 1:1 minimum but usually higher... and you make money... losses don't matter once you accept that you will NEVER win them all and make them part of the job ... you can train yourself to get better slow and steady if you have the drive.... and finally if your winning % is below the 65% area then you must force yourself to stick to 1:2 RR trades or higher until your ratio and skills are up... keep it logical and keep it simple
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August 15, 2014
koeart said
Gj8668 said
EurJPY105 pips and 2.5:1 RR. I think this has much further to drop based on daily projections. I got out at mid point of my projected target, but looking to reenter short if it sets up** Register Here for Free Membership to see this image/link **thanks for the tip GJ 😉 short on the EJ
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next.
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Great trading Koeart
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August 15, 2014
Second half of the EURJPY trade 3:5-1 RR almost identical set up form halfway of the projected move** Register Here for Free Membership to see this image/link **
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August 15, 2014
AUCHF Stopped me out before turning around and heading to TP. Â Not the best setup initially but, better one did set up later** Register Here for Free Membership to see this image/link **
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March 1, 2011
Gj8668 said
AUCHF Stopped me out before turning around and heading to TP. Â Not the best setup initially but, better one did set up later** Register Here for Free Membership to see this image/link **
Rats...Got in ont he next spike and walked PA up for +24. Â You had the right idea though
Â
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March 1, 2011
Initially my idea was to, hold these PUTS for at least a week, but with Red news pre-market tomorrow and Draghi talkling QE, I took the money and ran.  I will bet you that USA has already spoken to the Eurozone and Japan, telling them to juice things with another round of QE because if the USA does it, the Fed will lose face.
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Â
Â
VIP Members
January 18, 2015
well it seems the US is having a bank holiday, you can tell the volumes are totally lame, instead of the burst of volatility around US open we have the market just flat, ranging inside a few pip range. if i was a hedge fund trying to move the market, now would be the cheapest time to do so, not much volume needed at all, to push it either way, it seems to me.
Â
i see Theo didnt bother with the outlook today after all, i guess it's time to enjoy the day and forget the markets till tomorrow.
hey you! remember to follow your bloody rules!
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March 1, 2011
This mornings trade. Â 1-1 EU short
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March 1, 2011
Took this pattern long
Got out +15
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Took the same trade on my smaller value account, walked the SL to +10 then got take out. Â Was hoping for a pop long.
Free Members
May 27, 2014
nice rob!
i didn't have time to trade the last 2 days.... but still got a BE on the EU yesterday and now a win on the EJ at frankfurt closeÂ
Â
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and the continuation up on the EJ
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and a buy on the GU 🙂
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January 18, 2015
had a terrible day today. the one good trigger i took was a nas buy at us open, but like a fool i closed it early when it started looking weak, but it was only taking a break before it pushed on to my tp and beyond. some days its so easy, while days like today seem made to lose money. fresh start tomorrow.
hey you! remember to follow your bloody rules!
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