Charts Only

[Vaco]

As the title suggests

 

[Vaco]

trade 1

 

[Vaco]

trade 1 exit +11 trade 2 entry

 

[Vaco]

trade 2 so -15

 

[Vaco]

trade 3 short

 

[Vaco]

plan is to hold out for another 40 to complete the days range but will i hold my nerve...

 

[Vaco]

btw i swear i did not rate my own thread, that would be so sad

 

[Black Swan]

Like it buddy.

 

[Vaco]

the scary bit...

 

[Vaco]

trade 3 exit BE

total for day -4

late post due to sleep requirements.

 

[Vaco]

day 2 trade 1

 

[Vaco]

so - 36

 

[Black Swan]

Vaco 2 quick questions, dont wan't to alter the thread's core value/direction; thoughts on Alpari and what are you using for your decision making , PA?

 

[Vaco]

trade 2

 

[Vaco]

Vaco 2 quick questions, dont wan't to alter the thread's core value/direction; thoughts on Alpari and what are you using for your decision making , PA?

Hi Black Swan

no worries

Alpari - many re-quotes on micro account when just hitting buy/sell fine on limit/stop orders, cant speak for their newly updated pro account.

money transfer in/out very prompt no probs

decision making - price action around sniper stops (part of a system I bought a while ago, I have stripped everything away apart from this indicator.)

primary tf is 15m chart

for longs wait for price to break through sniper stop and make it flip from red to blue. on close of candle place order just above candles high and stop just below candles low.

Alternative entry - draw line at sniper stop from 4h 1h 30m tf for shorts if price touches but closes below enter short with stop above candles high.

target for all entries is completion of 90% of days range, no of points depends where in the range i've entered.

1st trade today was a break above 15m sniper stop but it touched and closed under 30m stop which should have been my cue to tighten the stop or get out or reverse trade.

2nd trade is a reverse off the 15m stop

the line at the bottom of my chart tht price bounced off of is the 1h stop.

nothing here that cant be done better with PA alone but i am a simple soul trying to keep disciplined and with PA alone i have a tendency to over trade.

Only change I may be making in the future is a directional filter so i only take trades in one direction.

hope thats clear, feel free to ask if its not.

 

[Black Swan]

Hi Black Swan

no worries

Alpari - many re-quotes on micro account when just hitting buy/sell fine on limit/stop orders, cant speak for their newly updated pro account.

money transfer in/out very prompt no probs

decision making - price action around sniper stops (part of a system I bought a while ago, I have stripped everything away apart from this indicator.)

primary tf is 15m chart

for longs wait for price to break through sniper stop and make it flip from red to blue. on close of candle place order just above candles high and stop just below candles low.

Alternative entry - draw line at sniper stop from 4h 1h 30m tf for shorts if price touches but closes below enter short with stop above candles high.

target for all entries is completion of 90% of days range, no of points depends where in the range i've entered.

1st trade today was a break above 15m sniper stop but it touched and closed under 30m stop which should have been my cue to tighten the stop or get out or reverse trade.

2nd trade is a reverse off the 15m stop

the line at the bottom of my chart tht price bounced off of is the 1h stop.

nothing here that cant be done better with PA alone but i am a simple soul trying to keep disciplined and with PA alone i have a tendency to over trade.

Only change I may be making in the future is a directional filter so i only take trades in one direction.

hope thats clear, feel free to ask if its not.

Thanks for this bud, appreciated, the highlighted part was the bit that confused me when looking at the trade vis a vis my decision making....but "shoulda, coulda" would have made us all trillionaires by now right?

 

[neil]

so - 36

Vaco- why did you take a trade when that candle was hitting resistance.Might have been a Thought to have put a sell stop under resistance?

 

[Vaco]

Vaco- why did you take a trade when that candle was hitting resistance.Might have been a Thought to have put a sell stop under resistance?

Because it was part of my set up.

As far as i'm concerned taking the trade was not the issue it was not pulling it when it failed to punch through.

 

[Vaco]

trade 2 +10

 

[Black Swan]

trade 2 +10

then go long at 11:45?