Making Money Trading

[jonj]

Pronounced Dollar weakness across the board and Cable can't move higher?

This is a bad sign.

i agree,
this is what it looks like on my chart,this looks like a continuation pattern to me NOT a trend change.the stochs are starting to diverge also,will be short if it breaks.
p.s. had a buy stop order triggered at 9480 only to be stopped out on the next hourly candle!!

 

[cako]

Look at the EUR - this is pricing in todays US news

 

[jonj]

went short at 9449 a little early really and added 1 more lot at 9443,
first target 9400
next (which i will close if it gets there)at 9370
only a demo folks so lets see what happens

 

[superspurs]

nasdaq anyone,not much else other than fib

 

[jonj]

DONT DO THIS AT HOME!!
i have just cleaned up my charts and realized that imo i should have shorted the break below the 23%fib (from the last hourly swing high) which was the overnite(my time)low !!also had my trends lines slightly wrong which caused me to enter too early,even more so than i thought.!!
well we live and learn(i hope)
mabye get lucky yet though

 

[1an]

MP6140 banned

http://www.trade2win.com/boards/433275-post14.html

Just doing my infrequent catch-up on this thread and noticed the banned status under MP6140's handle.

My only experience of him was through this thread but it seems he gets around a bit!

Whilst I usually regarded his posts to be a little too off-topic for my liking, I often found them interesting - sometimes agreed, sometimes disagreed. Anyway, the 'landlord' (TD) didn't seem to mind, which made it OK by me.

Just wondering what thoughts others may have?

ATB,
Ian..

 

[zishor]

Oil today

Just wondered if TD had taken this trade.

To me it looked like a good setup. Just the fact that the fibo and the sr pivot were'tn in congruence. One pro was the upper downtrendchannel (which made my final decision to enter)

Setup was not too greedy too:
Entrance on 123,35
Stop 124,91
Stop BE 123,5
Trailing Stop from then

Was there something that I missed or is this one of the trades that just seem to be perfect but are the unavoidable loosers? Thx in advance

 

[superspurs]

stopped out on the ej -67,back to the higher TF for me,

 

[tightstops]

http://www.trade2win.com/boards/433275-post14.html

Just doing my infrequent catch-up on this thread and noticed the banned status under MP6140's handle.

My only experience of him was through this thread but it seems he gets around a bit!

Whilst I usually regarded his posts to be a little too off-topic for my liking, I often found them interesting - sometimes agreed, sometimes disagreed. Anyway, the 'landlord' (TD) didn't seem to mind, which made it OK by me.

Just wondering what thoughts others may have?

ATB,
Ian..

how do you get an american to talk a lot?
give him a topic he knows nothing about

 

[trader_dante]

Just wondered if TD had taken this trade.

To me it looked like a good setup. Just the fact that the fibo and the sr pivot were'tn in congruence. One pro was the upper downtrendchannel (which made my final decision to enter)

Setup was not too greedy too:
Entrance on 123,35
Stop 124,91
Stop BE 123,5
Trailing Stop from then

Was there something that I missed or is this one of the trades that just seem to be perfect but are the unavoidable loosers? Thx in advance

I didn't take that trade but in my opinion it was a good opportunity and was one of those trades that didn't work.

 

[zishor]

I didn't take that trade but in my opinion it was a good opportunity and was one of those trades that don't work.

Thanks for your reply, I still need to build some confindence in my interpretation of the pin bar trading.

May I ask you (It is totally OK if you don't answer) what kind of average reward / win ratio do you have for a trade? (like the last 100 Trades for example) Mine is after about 20 papertrade at -0,16 R/R which is mostly due to the fact that I strangle my winning trades way to early.

Regards, Frank

P.S. and again awesome thread!

 

[tightstops]

a bit harsh on americans and i cant remember where i heard it but i remember thinking it after a couple of his posts.
im begining to think we might get a hammer off 16165

 

[omni]

Hey Zishor,
TD has commented before on hit rate........ as i remember, it is around the 90% mark.
Hope that helps.

 

[trader_dante]

Wheat

You could not have drawn this bar at a better level.

 

[jonj]

You could not have drawn this bar at a better level.

hi T_D,funny you should post this chart 5 mins (literaly) after i downloaded the first platform iv used with wheat as an option !!
i was wondering what is the spread on wheat on your platform(if you dont mind saying)i have 2 points with marketindex
p.s. paper trading the pin,currently +0.1

 

[rawrschach]

Which platform would that be? I have no commodities on mine =(.

 

[jonj]

Which platform would that be? I have no commodities on mine =(.

http://www.abnamromarketindex.com/en/index.php5
it the new abn amro platform in conjunction with oanda.its got tons a stuff to play with

 

[trader_dante]

hi T_D,funny you should post this chart 5 mins (literaly) after i downloaded the first platform iv used with wheat as an option !!
i was wondering what is the spread on wheat on your platform(if you dont mind saying)i have 2 points with marketindex
p.s. paper trading the pin,currently +0.1

A 2 point spread on Wheat is actually 8 ticks as Wheat is traded in quarter points.

 

[Ljr]

Anybody looking at the Pin at 13h00 GMT +1 on AUDUSD. Body is a bit long and hasn't quite reached the high on 23/04 but it sticks out very nicely.

Any thoughts?

 

[jonj]

A 2 point spread on Wheat is actually 8 ticks as Wheat is traded in quarter points.

thanks,comods are all new to me.
whats your opinion off the pin now?,i have a take profit set at 7.794,target 8.23