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[Pat494]

Good morning

I use different set ups depending on price moves.

If it's ranging pa, I try to catch tops/bottoms. In trending markets I try to go with the trend (sometimes I enter on pull backs, sometimes on break outs - depending on momentum). Also I try to trade price overreacting to news & reports. I am aware of few oscillators (momentum, stoch or rsi) and if there is divergence there. Most of it is based on 15 min charts (entries & exits) and I try to check what's happening with hourly charts as well (not beyond that really unless I'm trying to find important levels). When trading overreactions I use smallest time frames (and for fine tuned entries and exits). All the time I'm aware of important levels ( support, resistance and that kind of things)

I also follow the calendar (important events, reports, speakers etc.)
I use few mas as well to get an idea about direction (it helps me if price is too jumpy to cut the noise)

What about you Pat - what kind of set ups do you trade?

Much the same as you. Bollingers I find useful to set TP and SL. Thanks for sharing.

 

[Pat494]

Much the same as you. Bollingers I find useful to set TP and SL

How about you bp ?
Care to enlighten us ?

 

[Pat494]

starting well

 

[be-positive]

Pat all I will say is find your own edge ( the simpler the better ) mine was my old paper chart on wall which I threw darts at every day and if dart landed in up candle then long /short if on down candle --- but after a while my skills vanished and ffs look at me now

:cheesy::cheesy::cheesy:

 

[Pat494]

Pat all I will say is find your own edge ( the simpler the better ) mine was my old paper chart on wall which I threw darts at every day and if dart landed in up candle then long /short if on down candle --- but after a while my skills vanished and ffs look at me now

:cheesy::cheesy::cheesy:

Not quite ready for the 2014 London marathon yet imho

 

[Pat494]

Talking of betting . You can get 1000/1 odds on the Royal baby being called Sharon - fancy that ?

 

[Pat494]

Talking of betting . You can 1000/1 odds on the Royal baby being called Sharon - fancy that ?

Probably double those odds if it's a boy



Remember those paparazzi photos of Kate & Wills in France 9 months ago ?
Might have made in France stamped on it's bum !!

 

[ZEN archer]

I'll try eur/usd short: sell at 1.3107 stop at 1.3124

 

[ZEN archer]

I'll try eur/usd short: sell at 1.3107 stop at 1.3124

 

[Pat494]

long
Chf/Jpy

 

[Pat494]

long
Chf/Jpy

closed with a profit

 

[ZEN archer]

I'll try eur/usd short: sell at 1.3107 stop at 1.3124

close 1/2 at 1.3086 +21 stop to 1.3107 b/e

 

[be-positive]

close 1/2 at 1.3086 +21 stop to 1.3107 b/e

w/d :clap:archie ------ that puts you to No 1 trader on this thread ------- do you need an assistant to count the cash :cheesy:

 

[ZEN archer]

w/d :clap:archie ------ that puts you to No 1 trader on this thread ------- do you need an assistant to count the cash :cheesy:

Thanks for the offer BP, but I can still manage on my own - all that losing trades make it easier for me to count it:whistling

 

[ZEN archer]

close 1/2 at 1.3086 +21 stop to 1.3107 b/e

it became too jumpy

out at 1.3084 +23

 

[Dinos]

Removed

 

[Pat494]

it became too jumpy

out at 1.3084 +23

Good one Zen but like me, out a bit early I fancy.

 

[Pat494]

Watching the OPEN on telly. Nice to see the golden oldies back for another year and some are actually playing !!

Gary Player 79 and going strong

 

[be-positive]

Thanks for the offer BP, but I can still manage on my own - all that losing trades make it easier for me to count it:whistling

well nothing ventured ------ your getting tighter than his lordship

 

[ZEN archer]

Good one Zen but like me, out a bit early I fancy.

I'm not a big fan of 'profit running' especially before important events Pat - if I'm not mistaken, Bernanke is speaking/testifying again after 15:00. Also on smaller time frames I could see price becoming a bit twitchy (more than usual anyway)

Also I've managed round 1.3 r/r with this one which is good enough for me