Forex trading live calls and set ups

[Lord Flasheart]

this is a lot clearer,the labeled bar gives the high,less a 1 pip spread

 

[Lord Flasheart]

got to go out for a couple of hrs.
Target for eur/usd is 1.2372(near bottom of line posted earlier) stop is at b/e at 1.2435. Its a free trade

 

[Lord Flasheart]

got to go out for a couple of hrs.
Target for eur/usd is 1.2372(near bottom of line posted earlier) stop is at b/e at 1.2435. Its a free trade

change of plan settled for + 18, no trades going back later

 

[price777999]

you still long eurgbp flash ? ....... im sitting at -5 at the mo with a stop at 8561.

 

[price777999]

im long usdjpy 9260......... stop at 9240

 

[price777999]

and long eurjpy 11453 stop at 11411

 

[price777999]

stopped on all three , just getting nailed lately .

 

[Black Swan]

stopped on all three , just getting nailed lately .

r u working off any particular TF?

 

[price777999]

entering on 5min at the moment and look at 1hour ........... was going against the trend one the 1 hour now i look at it i duno ?

 

[price777999]

you reckon lower time frames are a wast of time Black Swan ?

 

[Lord Flasheart]

you still long eurgbp flash ? ....... im sitting at -5 at the mo with a stop at 8561.

no out agaes ago as posted. Im furious for not leaving in my eur/usd trade,I took it of as i was going out. Still make good money today so cant really moan

 

[Lord Flasheart]

you reckon lower time frames are a wast of time Black Swan ?

How can anyone say lower timeframes are a waste of time. Even traders that use daily charts should use 1 min for entry. Some traders uven tick data etc.Black swan has his ways and says lower timeframes are noise. To someone trading monthly charts,im sure they consider daily charts noise

 

[wackypete2]

Still make good money today so cant really moan

Thats all that counts. No crying over spilled pips!

 

[Lord Flasheart]

Thats all that counts. No crying over spilled pips!

thanks Pete but if you look at post 3175 youll see what I mean,the lines were drawn,which is why I got that good entry and then it came down to the bottom line and broke that as well.I took it off for no good reason and should have left in for my original target.Its hard enough picking winners without jumping of them.I feel like a jockey jumping off a horse a lenght from the line with a 10 lenght lead.

 

[wackypete2]

entering on 5min at the moment and look at 1hour ........... was going against the trend one the 1 hour now i look at it i duno ?

That doesn't help.
Nothing wrong with the lower timeframes, but today has been rough. It happens. If you are going against the trend keep your stops and exits smaller.

Peter

 

[Lord Flasheart]

long eur/gbp at 8534 s/l 12

has broken line I wrote about earlier and pulled back to it,and also close to bottom line. May have to cosider a short if either breaks

 

[wackypete2]

thanks Pete but if you look at post 3175 youll see what I mean,the lines were drawn,which is why I got that good entry and then it came down to the bottom line and broke that as well.I took it off for no good reason and should have left in for my original target.Its hard enough picking winners without jumping of them.I feel like a jockey jumping off a horse a lenght from the line with a 10 lenght lead.

I see what you mean. ouch.
Just trying to be supportive

Peter

 

[Black Swan]

you reckon lower time frames are a wast of time Black Swan ?

No no..not at all mate, depends how you trade 'em though. Just puzzled how you got the wrong side of those trades. Been some 'kin brilliant short term action over (across all the main pairs) the past couple of weeks. However and IMHO I would trade off 10-15 min TFs and not go lower than that. In that way you should be able to consistently trade all the set ups you get with your edge throughout the day on at least the most traded 4-5 pairs with the lowest spread...

 

[wackypete2]

b eurusd 1.2266 stop 2250

 

[Black Swan]

How can anyone say lower timeframes are a waste of time. Even traders that use daily charts should use 1 min for entry. Some traders uven tick data etc.Black swan has his ways and says lower timeframes are noise. To someone trading monthly charts,im sure they consider daily charts noise

Julian I don't think specifically trading off short term TFs is *noise trading*, I can imagine there's guys (and gals) that could in theory hold a trade a few days by entering and exiting off short TFs. I know I could hold trades for 24hr + when working off 15 min. My noise trading view comes from watching guys nip and out of trades; taking 20 pips, having ten pip stop loss etc., when there's so many more pips on the table for them if they altered their mindset and views on risk.