Forex trading live calls and set ups

[wackypete2]

exit 1/2 1.2227 +10 stop to be

 

[wackypete2]

2nd half stopped for be...grr. as soon as I moved stop to be it was like a bullseye.

Peter

 

[Shikamaroo]

wacky wats your strat

 

[wackypete2]

EURUSD has been directionless for past few hours. Todays range ahs been about 100 pips, which is closer to the histrical norm, but certainly a smaller range than we've been used to since the whole Greece fiasco started. 100ma is flat on 5m chart.

Peter

 

[wackypete2]

wacky wats your strat

Hi Shikamaroo.
I posted this earlier in this thread somewhere! Gets lost fast.

I have several setups I like. Everything is extremely simple, stops are small, reentry is common. A lot of my methods are similar to LordFlasheart's but I generally use lower timeframes. My preference is to trade breakouts and false breakouts of consolidation patterns. I also like to see 2 specific candle patterns at or near trendlines.
Thats all for now. I'll try to post a bit more info about each trade as they happen. Feel free to ask questions.

I'd like to add, I also love to see quick "pops" up or down, followed by reversal moves. The pops are usually either stop running or low liquidity with a large order passing through. Either way price will usually revert back to near where it was prior to the "pop".

Peter

 

[wackypete2]

here's a pic of what I did on my last trade.

 

[Lord Flasheart]

@ Flash- you could take a print screen. then open "paint" if you're using windows. paste your print screen in paint. edit out sensitive data with eraser tool. and finally save as a gif image.

i havent got windows thats the problem. The screenshot is in esignal which wont allow me to edit and I dont have windows,only open office. Anyway who really cares the chart was posted. I will try and post more charts before i take trades with indications where i might get in

 

[wackypete2]

i havent got windows thats the problem. The screenshot is in esignal which wont allow me to edit and I dont have windows,only open office. Anyway who really cares the chart was posted. I will try and post more charts before i take trades with indications where i might get in

Posting charts is tough. It takes away concentration from your trading. I would love to post more of them but I get all f**cked up when I try to do too much!

Peter

 

[matrader]

i havent got windows thats the problem. The screenshot is in esignal which wont allow me to edit and I dont have windows,only open office. Anyway who really cares the chart was posted. I will try and post more charts before i take trades with indications where i might get in

I agree m'lord - no one needs to see your (or anyone elses ) sb statements.
You posted a trade - it either worked or it didnt...thats enough imho.
Matt

 

[Lord Flasheart]

talking of trades short eur at 1.2261 sl 8

 

[wackypete2]

eurusd broke out above a resistance line and is nearing the high of the day, so I'm looking for a false breakout. The high would be another resistance that may hold. I would like to see price move back below the breakout resistance line to get short, around 1.2250 area.

Peter

 

[Lord Flasheart]

break of line and puillback,one of my favorites,easy to sell right on the line. % min chart so should be good for at least 20

 

[wackypete2]

nice entry, Flash

 

[wackypete2]

we are looking at same eurusd, different timeframe, different lines, but still come up with nearly the same trade plan. This stuff works and it's simple!

Peter

 

[Lord Flasheart]

we are looking at same eurusd, different timeframe, different lines, but still come up with nearly the same trade plan. This stuff works and it's simple!


Peter

yep, the first thing we learn about as traders is trendlines, we then re invent the wheel.Luckily I found my original wheel in the shed

 

[Lord Flasheart]

talking of trades short eur at 1.2261 sl 8

1/2 off at +15 rest to b/e

 

[leovirgo]

I've been posting my pips the same way as you, and not double counting when I add up for the day. Naturally to get the true pips won or lost when doing 1/2 exits just add both parts and divide by 2. The number of pips won/lost is not relevant anyway sine we don't post the exact lots we traded. As long as we can consistently show live trades and continue to have nice winners what does it matter how many pips? Hopefully some people are getting some benefit from the live calls here, either learning or following. Anyone watching don't be afraid to ask questions!

Thats my 2 pips on the subject
(was 4 pips, but I got stopped out for -2)

Peter

whats the matter guys. I got 70pips this morning and stated that they were 100% pips, no 1/2 exits. thats the simple fact. hope you don't get offended.

good trading to you all

 

[Lord Flasheart]

only I was slightly offended but theres nothing like a few good pips to cheer you up

out for + 25 pips on eur, call them 1/4,1/2 1/8 whatever,but flash has done it again

hooray lord flash where have you been?

"where havent I been"

 

[wackypete2]

whats the matter guys. I got 70pips this morning and stated that they were 100% pips, no 1/2 exits. thats the simple fact. hope you don't get offended.

good trading to you all

No offense here at all, Leo! :smart:

Peter

 

[bedsit]

WOW – lots of pips. Maybe you should charge for the access to the thread.