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TygerKrane
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Postby TygerKrane » Sun Dec 11, 2011 8:49 pm

puh-lease, never mind all that, supply gets BROKEN THROUGH this week :!: :smt066 :smt031

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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withnail
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Postby withnail » Wed Dec 14, 2011 10:42 pm

Thought I would spend half an hour on my trading plan for the new year today --- got a bit carried away 5 hours later..... I thought I would put a few charts to illustrate my thinking. Any ideas thoughts are appreciated.

Euro Index near Demand :-

Image
Image

Looking to buy euros sell ?
Image

If euro index is cheap I want to sell what is the most overpriced. (I think this is what relative strength tells me).

Image
My idea is to open positions at smaller time frame demand levels within the weekly demand level. Scalping some pips and also opening buy and hold positions in a sort of pipeasy style the ones that don't get stopped out hold them for all their worth. I am also interested in a possible Weinstein basing stage 1 breakout setup.
Cheers Withnail.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

Relativity
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Postby Relativity » Wed Dec 14, 2011 11:09 pm

WithNail, where did u get that RecentStrength indi? Looks so cool lol coz my Sentiment Reader is an offshoot of this. I never really like about the way it constructs the values. Does it really work?

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withnail
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Postby withnail » Wed Dec 14, 2011 11:19 pm

Relativity wrote:WithNail, where did u get that RecentStrength indi? Looks so cool lol coz my Sentiment Reader is an offshoot of this. I never really like about the way it constructs the values. Does it really work?

Hi Relativity, You just caught me. It's one of Hanovers from ff (Recent Strength) he also has a Recent Price. It compiled so I can't look inside to see what it actually does, but it seems to give the right idea.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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withnail
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Postby withnail » Fri Dec 16, 2011 3:00 pm

High time frame set-ups are part of my new trading plan. Any constructive criticism, comments or different idea on this or my previous post would be great. I think pictures explain better than words. But as usual S&D is the basis.
Image
Now it's time to forget trading and get drunk :D back in the new year.
Cheers Withnail.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Relativity
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Postby Relativity » Fri Dec 16, 2011 3:08 pm

withnail wrote:High time frame set-ups are part of my new trading plan. Any constructive criticism, comments or on this or my previous post would be great. I think pictures explain better than words. But as usual S&D is the basis.
Image
Now it's time to forget trading and get drunk :D back in the new year.
Cheers Withnail.


Looks sound. I think downside is limited since price gonna stuck in a constricting range 1st, then a strong down break is probable when 'there is no more space left'

Nice... my indicator is plotting the SD zones nicely so far when compared to your work.
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AUDUSD.PNG
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withnail
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Postby withnail » Wed Dec 28, 2011 11:36 am

Created 2 trading plans over the holidays one for scalps and one for higher time frame trades. Used the Scalp plan today. I have defined objectively a set of rules for selecting a level to trade and where to take profit. I did a set and forget, was difficult but it worked out.
EURJPY 1M
Image
Cheers Withnail.
Last edited by withnail on Wed Dec 28, 2011 1:58 pm, edited 1 time in total.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

Relativity
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Postby Relativity » Wed Dec 28, 2011 11:38 am

Nice =>

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withnail
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Postby withnail » Wed Dec 28, 2011 11:41 am

Relativity wrote:
withnail wrote:High time frame set-ups are part of my new trading plan. Any constructive criticism, comments or on this or my previous post would be great. I think pictures explain better than words. But as usual S&D is the basis.
Image
Now it's time to forget trading and get drunk :D back in the new year.
Cheers Withnail.


Looks sound. I think downside is limited since price gonna stuck in a constricting range 1st, then a strong down break is probable when 'there is no more space left'

Nice... my indicator is plotting the SD zones nicely so far when compared to your work.


Thanks Rel, but I guess what I was trying to ask was is anyone else trading higher time frames? And their experiences with it. Rather than this particular setup. The chart shows some things I would be looking for in a higher time frame trade. Cheers Withnail.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

Relativity
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Postby Relativity » Wed Dec 28, 2011 11:44 am

Hmmm... MO? I can't be sure if he sees what you see, since he uses CC thou.

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