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SpecTrade
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Posts posted by SpecTrade
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Euro long closed, total 98pips
EurAud long closed at loss -59pips
EurAud short half closed@ 1.2523, half still in, so far stops to b/e, will move stop on Mon.
Previous order on Gold not filled, new one filled today.
Long @ 1,7044 stops 1,683.
PB sitting on ema150 & retrace to primary zone of last swing. I think it is still bull on long term,
but previous large horizontal terminal pattern (double top) suggests change in trend. Below 1,600 I would assume serious bearishness. Silver still looks fine, kind of accumulation pattern.
But short term if Gold gives bearish entry I would also trade short, off course.
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EURUSD half closed @ TPO1.3084, half stops@ 1.3009
EURAUD half closed@ TPO 1.2497 half stop@ 1.2464
New trades:
EURAUD short@ 1.2477 initial stops@ 1.2549, today half moved to 1.2524 due to PB developing in the opposite direction. Trade reason: PB at RN and Kumo.
EURAUD order long@ 1.2524 stops@ 1.2464, TPO 1.3000. In case of this pair I try to use next RN as TPO, i.e.: 1.2500, 1.3000, 1.3500, etc. It can be wild, so it's worth it.
Reason for this trade: opposite PB at RN. Also, right on Ichimoku cloud (Kumo).
Gold order long@ 1,711.4 stops@ 1,689. quite large stops, so very small position.TPO: 1,737.0
Reason: good separation, could even say PB @ sma120, RN, and 706 retrace.
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Euro is messing around at PIZ.
On Monday I set straddle: long @1.2986, lost -75pips, short @1.2937, closed BE.
Today I'm putting again long order @1.2963 stops1.2867, first TPO 1.3080
PB at PIZ (ema 356 on Oanda chart, ema 275 on FXDD chart)
EURAUD long order @1.2388 stops 1.2323 1st TPO 1.2500
PB at PIZ (200sma)
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CONTINUE TRADES/SETUPS FROM MARKET ENERGY THREADGold: small PB off ema21: @1,733.4 stops@1,719.1 / 1,709.0. Now both to BE. I hope to take some profit @ 1,770-80.
Still in
EURUSD @ 1.2782 after initial stop of half of trade I'm still in and locked profits @1.2867. Price went from 200sma to 365ema.
Still in
Gold stopped out at BE+12. I can't help but...wtf is it with Gold!!?
Euro 2nd part +105. Total (first part lost) = 33 pips.
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As described TitleI want a strategic win at least 90%
And are not an old thought And be simple and easy and uncomplicated
awaited your responses:helloooo:
At least 90%? Of the time or 90% profit per...what? Year? Month? Week? 5 years?
helloooo :crap:
And I want a platinum Xmas tree from a scarlet Santa. And under the tree i want 3 gifts: Porsche, Merc, and Jaguar. And each gift wrapped in thick golden (physical) paper. And in each car i want 2 hot chicks singing not necessarily carols ("and are not too old though"). And with these chicks all at once I want nice relationships ("simple and easy and uncomplicated"). And each chick must be holding 10million dollars on a sliver (physical) plate. oh, oh, and I "awaited" no "responses" from tax dpt.
Yes, I am a sarcastic bastard when it comes to sarcastic (or stupid) requests from kids. :helloooo:
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Good idea for a bounce trade, but for me too late for it now, and I mainly trade Gold and Euro. Loonie can be good, but from what I've seen year after year, it's better to just do it on bounce (touch trade, where we use limit orders) than bar triggers.
With bounce however, there are questions: where to put SL? how to manage right after entry day? too big a SL too small profits ratio, too small SL too many loosers, but winners can be huge.
I'll be back to touch trading after I find some answers to these questions. A few years from now, perhaps...
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CONTINUE TRADES/SETUPS FROM MARKET ENERGY THREAD
Gold: small PB off ema21: @1,733.4 stops@1,719.1 / 1,709.0. Now both to BE. I hope to take some profit @ 1,770-80.
Still in
GBPJPY I got short as the price entered sell-zone (yellow on chart) and broke PB to the downside. I'm still in, but this one seems to be a loosing trade. Price went sharply up, but didn't break the PB high, yet.
Loss -146pips
EURAUD I put short order but price never went there. being where we are at nice point 200sma, as I see it, I will also put long order on Mon on the breakout of inside NB.
Setup cancelled
EURUSD @ 1.2782 after initial stop of half of trade I'm still in and locked profits @1.2867. Price went from 200sma to 365ema.
Still in
Finally, best trade, USDJPY still long from 79.58, 2nd part of trade locked@82.00
Closed for total +165 pips with risk 65pips
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Since I have simplified my strategies, I'm starting a new thread with updates of my trades.
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As my trading strategies have been simplified, I'm opening a new thread with updates of my trades. ALL TRADES ARE ON LIVE ACCOUNT
Attached images represent these simplified ways.
Chart setup (use FXDD or Alpari MT4 demo time zone charts, I prefer FXDD):
EMA CHART:
1. EMA's - 365 (high, low, middle, representing rather large potential interest zone PIZ), 275, 150, 21 (high, low, middle, as a band, used primarily for adding into existing trades when the trend took off, sometimes for new trades if original ones have been stopped out by trailing)
2. Koharmonics indicator - simply, I don't trade harmonics very much, and want to just keep an eye on them, hence the use of this convenient indicator)
3. Swings (zigzag set to 10, 5, 3) - often I use these swings to put Fibs retracements
4. Fibs: all standard, add in 70.6, and 87.5 & 12.5 - these are price zones where the trend can reverse without giving 100% double top or double bottom. I'm most interested in 50%
Basically what I'm looking for is PIZ (potential interest zone) marked dark-yellow on the chart. When price approaches PIZ I'm watching for the development of the following TRIGGERS:
1. PB - Pin Bar
2. IPB - Inside Pin Bar
3. IB - Inside Bar (the smaller the better, the best when IBs get smaller one inside the other)
4. NB - Neutral Bar aka Doji
On Oanda charts I use the same as before: 200 SMA and 120 SMA I add EMA 21 (H,L,M).
Either I will trade on the open or on the breakout of the bar high in an uptrend (or low in a downtrend).
I like when the PIZ is confirmed with specific retacement, especially 50% retrace. Put it another way: I like 50% retrace confirmed with an area supported by one or more of the EMAs.
ICHIMOKU CHART
My recent interest in revisiting Ichi gave me some new insight. Very simple and basic:
1. "Ichi" - Ichimoku Kinkyo-Ho standard settings
2. RN - Round Numbers
Here I especially like to use cloud as Support/Resistance zones, the Chinko span which is very helpful with identifying future PPZ (Price Pivot Zones). I will not trade on RN alone, seldom on Ichi alone, but if the 2 converge and one of the trigger bars developed, I will look into it and decide.
RISK
About 1-3% on each trade. But I use fixed $ amount, for example on account of USD4,000, I would risk between USD55 to USD150 on each trade. If a loss, I will not decrease the amount risked, until there is USD1000 loss. I will not increase the amount risked until I've made at least 50% profit.
I look at the charts once a day. I live in East Asia now, so for me it will be at 5am (if previous night the price was approaching PIZ) and 1pm (depends on summer time savings change). That's all.
TRADE MANAGEMENT:
Stops are below the entry bar. I divide the trade into 2 parts. So it can be for example 2 mini lots, or 20 microlots, or amount, i.e.: if my excel sheet calculates risk of 2700 units of EUR (I trade with Oanda hence the units, not lots) I will enter 2 orders each 1350 units.
First half of the trade is closed at a specific target, usually 2:1 or better.
Second half I trail with ATR-EMA Stops set to 2,2,2.
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Most important that although long not filled after last Fri PB, I got another chance: small PB off ema21: @1,733.4 stops@1,719.1 / 1,709.0. Now both to BE. I hope to take some profit @ 1,770-80.
GBPJPY I got short as the price entered sell-zone (yellow on chart) and broke PB to the downside. I'm still in, but this one seems to be a loosing trade. Price went sharply up, but didn't break the PB high, yet.
EURAUD I put short order but price never went there. being where we are at nice point 200sma, as I see it, I will also put long order on Mon on the breakout of inside NB.
EURUSD @ 1.2782 after initial stop of half of trade I'm still in and locked profits @1.2867. Price went from 200sma to 365ema.
Finally, best trade, USDJPY still long from 79.58, 2nd part of trade locked@82.00
Overall, good week, late week though. I trade small now because after quite deep DD I've had I simply need to get more wins to "repair my guts". Even after many years I still didn't learn how to control my fear factor. On tests I always perform well, but that's due to keeping fixed risk ratio in $, so the DDs come back pretty fast. In reality I find it very hard to keep fixed ratio after prolonged DDs.
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Nov 13 I went long on gold @1,733.70, stopped out @1,7189/61. But I still had short from 1,724.5On the 15th I went short @1,719.5 with stops@1,735.0. Now all short stops moved to break even.
Gold bounced off bearish 50% retracement and PPZ fooling with one bullish bar then another bearish NB (neutral bar) at which breakdown I went short. Also, it was nice looking setup based on support off Ichimoku (7,22,44 settings).
USDJPY did well for me, I'm still long half, half out@80.50. I will trail it.
Now Gold looks confusing. Bull? looking at the new swing forming there is bounce yesterday off 50%, support 1,708 and Kijunsen.
Depending if it breaks on Monday, I might be long on the breakout of this PB (Pin Bar) if it forms as such.
Gold shorts all stopped out. From 1,733.7 for a -162 points, from 1,724.5 for a loss -46 p, from 1,719.5 for break-even.
Long signal was on Fri, acceptable pin bar, but the market opened above it with price that I didn't accept. I cancelled the order after bearish price movement yesterday. Waiting for a new signal.
USDJPY still long stop trailed to 81.08.
I entered long EURUSD @1.2781, first stop triggered @1.2742, I will not do anything for now with the 2nd part of this trade. Price bounced off 200sma forming a pin bar. I often think that maybe just using limit orders at specific areas (i.e. slightly above 200sma) could be more profitable?
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Nov 13 I went long on gold @1,733.70, stopped out @1,7189/61. But I still had short from 1,724.5
On the 15th I went short @1,719.5 with stops@1,735.0. Now all short stops moved to break even.
Gold bounced off bearish 50% retracement and PPZ fooling with one bullish bar then another bearish NB (neutral bar) at which breakdown I went short. Also, it was nice looking setup based on support off Ichimoku (7,22,44 settings).
USDJPY did well for me, I'm still long half, half out@80.50. I will trail it.
Now Gold looks confusing. Bull? looking at the new swing forming there is bounce yesterday off 50%, support 1,708 and Kijunsen.
Depending if it breaks on Monday, I might be long on the breakout of this PB (Pin Bar) if it forms as such.
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I'm long some Gold at 1687.00, now trailing profits, first target 1752.50. About 50% retrace, PPZ, SMA 120.I've added @1727.60, now SL=BE, half @1715.20. Bounce off EMA21 high.
1727.60 stopped at BE.
1687.00 Half out @1724.90
Short now filled @1724.50 stops@1740.
JPY filled. depends on today close, maybe stop&reverse or just keep long & open new short. Critical area of major ma's & retracement confluence
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I've added @1727.60, now SL=BE, half @1715.20. Bounce off EMA21 high.
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Almost as soon as I posted, price washed my 1st stop, break-even. 2nd stop moved to 1725. Gold doesn't look very bullish for now. Either deeper retrace after bullish move or maybe it will still shoot to 1750 resistance.
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It's been awhile since my last post here. Some due to baby-son, some simply because stress or taking a break from trading, but mainly because taking a continuing education for a degree in psychology and life-coaching.
For a couple of years now I've observed that whipsaws due to change-in-trend, washout, sideways-chop, all occur at almost the same in many what we view as "diverse" markets. After long testing (by hand, I never use software besides excel sheet), I came to a conclusion that "diversification" doesn't work for me, unless I diversify into various futures (ahh, no, not even then) and include some stocks portfolio.
Such correlation in whipsaws all condensed into particular time period, can cause quite damaging drawdowns (as massive as 30-40%) trading as little as 4-6 fx markets
So I decided to try to dismiss all setups (not successful with this - I still get very tempted to take some juicy-looking ones and they cost me when I refuse to bring SL=BE a.s.a.p.) and switch to XAUUSD (spot Gold).
It's easier for me to develop multiple strategies of retracement levels, MA's, add-on's, etc, then try to look for specific few setups on 1-3 strategies in 4-5 markets.
But I'm stubborn, hence the chart of USDJPY first. Very nice retest of 50% level, retest of bearish pitchfork after exit, convergence of multiple long-term MA's and good Pin-bar. But I will trade it on breakout only, 79.60 buy, stops below: 79.00.
I'm long some Gold at 1687.00, now trailing profits, first target 1752.50. About 50% retrace, PPZ, SMA 120.
I've added @1727.60, now SL=BE, half @1715.20. Bounce off EMA21 high.
Hope I can keep up with updating my thread more regularly.
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Not meant to be slick. Some people are quicker on the uptake than others. And some are more dedicated than others. But what with replay, one can pack years of experience into six months. So, if he has the will, yes, he can learn what he needs to learn in six months.Db
Absolutely! If only one could just trade the way he learn, the way he designed his plan and MM. That would bring many to success.
But no, after some successful trading we start to wonder:
- that free stuff works, but I wonder how much better would work that paid stuff!
- my free plan is ok, but maybe it sucks against some pro charging $$$ for his plan.
- my MM isn't stupid, but hey, the one for 2500$ seems to be really sophisticated and "tailored" just for me maybe, that would bring me edge.
- and hey, all these people talk about edge - maybe just maybe I need to educate myself further while I'm trading my way.
And so it goes. Vendors with shitty strategies, indis, crazy or too simple MM system, mechanical systems, grid traders, trend followers, reversal seekers, and the holy grail hidden perhaps somewhere between Gann, Elliot and Harmonic Patters, etc, etc. - all this starts to slowly screw the new trader's head to the point that he himself develops various systems and strategies which not only perform much worse than his original, but some actually prevent him from entering trade where he supposed to, because this+that+these 2 indis don't agree = no trade. And then bang,:haha: trend breaks loose, and it goes and goes. "Ah, catch it next time". The next time comes, and the next time one enters various orders based on various strategies and (god prohibit) multiplying it on various markets "so just to diversify" (big BS). then bammm! range, range, range, wild markets, losses. :angry:And then...ah I need to review my strategies, what's going on? I need a week off, clear my mind. Come back to see that again there was simple maybe single entry in a single market and trend goes for 500-800 pips. :doh:OK, ok, be good boy now. Fck the others, I will do what I did originally. And all is fine and peaceful and probably profitable, until ... another idea from another guru or just a guy comes to our mind and plays tricks on us.:helloooo:
So yeah, the best strategies come early on, they could be sharpen. but often people just abandon them.... and pay heavily for this.:crap:
But we all want you forex intraday guys to be successful, you know? Especially if we are your brokers, you know? :rofl:
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GBPJPY strategy 1
long@125.13 SL@124.10/00 ITPO@127.17
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This trade i wasn't able to update in time, but anyway it was a loss
EURUSD short@1.2442 SL@1.2535 ITPO@1.2250
Loss= -93pips
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GBPJPY new long @12431 SL@12355 ITPO@ 12620Strategy 2: PB on 8-21 ema
closed for a loss= -96pips
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Strategy 2: PB at 150emashort GBPJPY@125.11 SL@125.93 ITPO@123.40
Strategy 3: PB at channel
short GBPJPY if breaks below124.50 SL@126.18
1st trade closed for +114 pips
2nd trade closed for +3 pips
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Strategy 3short EURUSD if breaks below 1.2513 SL staggered @1.2680/2755
Don't like this one. The bearish bar is too large. But I have a trigger on this strategy so I must trade.
Out all, result= -5 pips
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another long just before weekendGBPJPY long@123.32 SL@121.90 halfTPO@126.00
Closed +32 pips only. However, even a free ride is a successful trade.
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Strategy 2: PB at 150emashort GBPJPY@125.11 SL@125.93 ITPO@123.40
Strategy 3: PB at channel
short GBPJPY if breaks below124.50 SL@126.18
both trades: half out@124.45
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GBPJPY new long @12431 SL@12355 ITPO@ 12620
Strategy 2: PB on 8-21 ema
Market Energy P2: Simplified
in Swing Trading and Position Trading
Posted
I'm getting lost in my own posts, so to clarify:
EURAUD long order @1.2388 stops 1.2323 1st TPO 1.2500
Closed for +93pips total
EURAUD short@ 1.2477 initial stops@ 1.2549, today half moved to 1.2524 due to PB developing in the opposite direction. Trade reason: PB at RN and Kumo.
Closed for +27pips total
EURAUD order long@ 1.2524 stops@ 1.2464, TPO 1.3000.
Closed for -60 pips
I also went short EURAUD yesterday at sma200 @1.2335 stopped completely @1.2395 for -61pips
Gold long@ 1,704.4 stopped at BE +4
Gold long @1,715.1 stopped out @1,701.6/703.8 for -126pips
Only open trade is today:
Gold short @1,704.5 (order from Dec 11) SL@ 1,718.8. Let's see how it develops.
Basically out of the hole into another hole. Can't get out of DD. Maybe just trade Gold, forget all other pairs? After doing 5-6 pairs for many years that is hard to do. Should shut down all charts besides XAUUSD. That's hard to do.