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withnail
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Postby withnail » Thu Dec 29, 2011 4:47 pm

3 Trades today. Sticking to the trading plan. Already some new thoughts for improving the plan. I am interested in if time of day could be a important factor. I have noticed just after 10 am gmt and 1 pm gmt there can be some nice opportunities anyone else take time of day in to consideration? Lessons learnt today daily pivots can be a sticky point so don't short right into a S1 like I did. Also based on the EURJPY trade from yesterday and the trades today (bigish moves after I got out with a couple of pips). 1M s/d can be laser accurate so it is brilliant entry technique but if I open multiple lots I can take profit on one at 2:1, 3:1 what ever and let the other run for free with stop on break even to try and make some big pips. I though about just taking a few pips with bigger lot size but that is something for later I think.

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Better to wait until after 10 and beware of pivot just above my target.

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And is it time to buy Euros yet? I am watching EURAUD to breakout of the Stan Weinstein Phase 1 Base it has been laying down. Might be a long wait (But fun to watch).

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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 » Thu Dec 29, 2011 4:58 pm

Don't long EUR yet. I agree.

Time of the day matters :

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Postby withnail » Thu Dec 29, 2011 5:08 pm

Relativity wrote:Don't long EUR yet. I agree.

Time of the day matters :


Thanks Rel, Nice stats, how do you use them? hope you don't me asking. Also I know Dr. S. Sivaraman talks about a sessions, gap times between sessions and times of day. Every looked into any of his stuff?
Cheers Withnail
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

Relativity
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Postby Relativity » Thu Dec 29, 2011 5:18 pm

withnail wrote:
Relativity wrote:Don't long EUR yet. I agree.

Time of the day matters :


Thanks Rel, Nice stats, how do you use them? hope you don't me asking. Also I know Dr. S. Sivaraman talks about a sessions, gap times between sessions and times of day. Every looked into any of his stuff?
Cheers Withnail


I just use the no brainer approach : the higher the range for the hour, the better the opportunity to grab pips. It also reminds me when should I be more or less tighter with stops. That's all.

Yeah I am aware of his work. Unfortunately I still can't see the edge. But I do like the way he trades off extremes + is very realistic with his target profits.

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Postby withnail » Thu Dec 29, 2011 5:25 pm

Relativity wrote:
withnail wrote:
Relativity wrote:Don't long EUR yet. I agree.

Time of the day matters :


Thanks Rel, Nice stats, how do you use them? hope you don't me asking. Also I know Dr. S. Sivaraman talks about a sessions, gap times between sessions and times of day. Every looked into any of his stuff?
Cheers Withnail


I just use the no brainer approach : the higher the range for the hour, the better the opportunity to grab pips. It also reminds me when should I be more or less tighter with stops. That's all.

Yeah I am aware of his work. Unfortunately I still can't see the edge. But I do like the way he trades off extremes + is very realistic with his target profits.


Thanks Rel. I am interested in his work too I would like to find more written material from him as I find him a bit difficult to understand in his webinars. Day off tomorrow so have a good new year Relitivity. Cheers Withnail.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby Relativity » Fri Dec 30, 2011 2:03 am

Have a good year mate =>

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Postby withnail » Tue Jan 03, 2012 12:35 pm

AUDUSD Back at this supply. Interesting to see what happens.

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Cheers Withnail.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby TygerKrane » Tue Jan 03, 2012 4:16 pm

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**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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Postby withnail » Tue Jan 03, 2012 8:59 pm

Thanks Tyger :D Not much happening. Just checked Sp500 and VIX to see if that aligns.

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Wait and see I suppose (boring).
Cheers Withnail
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby withnail » Wed Jan 04, 2012 2:52 pm

Lesson learned was so focused on AUDUSD did't do my usual routine marking up different pairs and using alerter. As a result I missed this.

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And I managed to delete all my AUSUSD position by accident. :( Not all bad least they were positive when I deleted them, live and learn as they say. Off to gym to clear my head.
Cheers Withnail.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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