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Phil
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Postby Phil » Wed Jul 07, 2010 7:52 pm

Thank you Chappy and Flinux,

I´m absorbing the given pointers right now. Letting it process, meanwhile watching worldcup soccer hoping we will play against Germany to get our revanche for ´74. (Can you sense the trauma i´ve had as a 1,5 year old?? :oops: ) Just kidding. But since we´ve reached the finals we might as well win it, otherwise it´s all been for nothing!

Anyway, I´ve got to look out for fractals in a trend to enter, set my BE as soon as possible (do you mostly set your positions to BE when you´re 9 pips into profit Flinux?), not overtrading, and more to read in the posts.
And i´ve got to read into bollinger bands before i can use them. Otherwise it makes no sense to use something i don´t understand :lol:

And no, allthough i had some tough days i´m not going to give up, i´m so close...

Have a nice evening you all!
Phil

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Phil
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Postby Phil » Wed Jul 07, 2010 8:08 pm

flinux wrote:Image

SWINGING MARKET


Flinux,
Do you use the standard settings for the Bollinger Bands?
I understand most of them but the last one.
Look at the last sema 3 from the right. What i should do when i saw this live was that i would enter at the open of the third bar since the previous bar was white and agreed on close with the white cci box... I just want to know, was that a valid entry if i took it? I´m asking because i see that your green buy arrow is another couple of bars away and when i see the sema 3 so far i´m not sure if it´s ok to enter.
I hope you understand my question :lol:

And also, are you using the BB instead of the regression channel or because for another reason?

Phil

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tmanbone
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Postby tmanbone » Wed Jul 07, 2010 10:57 pm

Phil,

This E Book will help you figure out when to increase your posistion size:

http://www.longcandleforextrading.com/T ... pril10.pdf

I also noticed that you take long trades on a decending LRC channel. I believe that you could increase your odds by selling price at the top of a decending channel and selling at the bottom on an ascending channel. Note Chappy's trades, he seldom goes against the trend of the regression channel, if he does he mentions that they are of higher risk. Hope this helps.

EDIT: The E Book was donated to the site by Procharged.

Cheers,
Last edited by tmanbone on Thu Jul 08, 2010 2:32 am, edited 2 times in total.
"The simplicity of the markets is it's greatest disguise"

T

Humble
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Postby Humble » Thu Jul 08, 2010 2:04 am

To follow up on Mr T's post.

Whilst I see you are looking at new indi, why not revisit the one you have been using. In your last chart you took a trade against a 3 Sema and against the regression channel!

IMHO the odds are against you if you do this and it somewhat defeats the purpose of having these indi's on your chart.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Phil
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Postby Phil » Thu Jul 08, 2010 5:28 am

Humble wrote:To follow up on Mr T's post.

Whilst I see you are looking at new indi, why not revisit the one you have been using. In your last chart you took a trade against a 3 Sema and against the regression channel!

IMHO the odds are against you if you do this and it somewhat defeats the purpose of having these indi's on your chart.


Thanks Mr T and Humble,
I am going to use my spare time in the holidays to read and study this thread and any your welcomed remarks.
For sure i made many mistakes, but let´s learn from it. Perhaps i thought it was too easy and i could allready take my sidewheels off...

Regards, Phil

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Phil
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Postby Phil » Thu Jul 08, 2010 8:46 am

Entry and break even in place.
@everyone, how do you see this trade? This is not against the trade is it?
The channel is up, sema 2 in place. Or am i mistaken?

Take care


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flinux
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Postby flinux » Thu Jul 08, 2010 4:51 pm

This is a good trade and isn't against the trend.
I hope you let profits run!
So faith, hope, love remain, these three; but the greatest of these is love. - 1 Corinthians 13:13

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Phil
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Postby Phil » Thu Jul 08, 2010 6:07 pm

flinux wrote:This is a good trade and isn't against the trend.
I hope you let profits run!


Thanks Flinux,

Yes i did let it run a bit but took my profit when price was stalling, and eventually it went down but my profit was allready in my pocket.

Well, this is my last visit for a couple of weeks. Tomorrow morning i´m off on vacation!

I wish you all the best and see you when i´ll get back, trade well and God bless you all.

Regards, Phil

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Postby dchappy » Thu Jul 15, 2010 6:47 pm

Many divergence opportunities ..I only see 1 reverse divergence ..

Do you see it ?

Trade well...
Attachments
$GBPUSD  7_15_2010 (20 Range).jpg
$GBPUSD 7_15_2010 (20 Range).jpg (105.56 KiB) Viewed 231 times

dchappy
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Postby dchappy » Thu Jul 22, 2010 5:14 pm

Divergence entry @ London open

( Hope this helps )

Trade Well...
Attachments
$AUDUSD  7_22_2010 (20 Range).jpg
$AUDUSD 7_22_2010 (20 Range).jpg (85.27 KiB) Viewed 197 times

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