Decided to close out my trade, as price kept being rejected in the 93.00
area, and short term looks very "toppy".
Final stats on the trade that was initiated 9 days ago:
Profit Total of 522 pips on 3 entries:
1st Entry, profit of 242 pips
2nd entry, profit of 189 pips
3rd entry, profit of 91 pips
Average entry netted a profit of 174 pips, as printed on the chart.
Simple as 1-2-3
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- RicG
- rank: 150+ posts
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A couple of holiday scalps today.
Chart on the left shows a CCI Trendline Break short.
Took 15 pips profit right before it hit the round number
of .85000 and because the trendline break occurred
so low.
Chart on the right was simply a pure price action short
setup good for about 22 pips.
Hope everyone has a great Thanksgiving!
(click on charts pic twice for clearest/full size view)
Chart on the left shows a CCI Trendline Break short.
Took 15 pips profit right before it hit the round number
of .85000 and because the trendline break occurred
so low.
Chart on the right was simply a pure price action short
setup good for about 22 pips.
Hope everyone has a great Thanksgiving!
(click on charts pic twice for clearest/full size view)
- Attachments
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- 2_scalps.gif (65.33 KiB) Viewed 4728 times
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)
- RicG
- rank: 150+ posts
- Posts: 274
- Joined: Tue Jul 24, 2007 11:44 pm
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Re: Simple as 1-2-3
A very basic EUR/CAD CCI TLB scalp good for 47 pips. As dchappy teaches in this thread, "keep it simple".
download/file.php?mode=view&id=9225
download/file.php?mode=view&id=9225
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)
- RicG
- rank: 150+ posts
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Re: Simple as 1-2-3
Obviously, they're not all winners. But at a 70%-80% win rate, and about a 3 to 1 reward to risk ratio - I'll happily take the small hit and move on to the next trade. This loss only about 12 pips:
download/file.php?mode=view&id=9228
download/file.php?mode=view&id=9228
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)
- RicG
- rank: 150+ posts
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Re: Simple as 1-2-3
After the small 12 pip loss shown above - the next trade a winner! This one on the AUD/USD and good for 40 pips:
download/file.php?mode=view&id=9229
download/file.php?mode=view&id=9229
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)
- Captain Pugwash
- rank: 500+ posts
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Re: Simple as 1-2-3
Hiya Ric
was your stop a bit bigger than your usual on that one? Or did you enter on the retrace?
Nice trading as usual
was your stop a bit bigger than your usual on that one? Or did you enter on the retrace?
Nice trading as usual
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
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