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  #31 (permalink)  
Old 25th October 2011, 22:24
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Default Because im bored

Placed a demo trade EURCAD daily. Its a engulfing bar that im going to enter on a pullback(IF it pulles back). Instead of my normal entry place. A riskier entry, the next bar could very well just create a 'failed' outside bar and just tank on me...If I do get triggered in and the 1.41 holds price will most likely hit the target price before the stop price....

I was staring at my screen and just noticing how the pinbars(yellow smiley) and the engulfing bars(purple arrows) nail almost every move. A few failed but would'nt have ever triggered a trade. These things are deadly coupled with price S/R to manage the trade. Even the inside4 bars(boxes) at extreme highs/lows are viable.


A much bigger pull back than expected....wow!. But I'll let it play out, thats what demo is all about.I need to get back above the 1.41 highs. This is not a trade I would put cash on, dont want anyone to get confused with what I interprit as a high probability set-up.
Attached Images
File Type: gif eucad.gif (33.7 KB, 7 views)
File Type: gif eucad1.gif (32.1 KB, 8 views)

Last edited by Easy Trader; 26th October 2011 at 20:19.
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  #32 (permalink)  
Old 26th October 2011, 10:48
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Nice trade. Will be following it. What are intermediate targets before take-profit? Are they for stop-loss trailing even or for position volume increasing?
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  #33 (permalink)  
Old 26th October 2011, 20:34
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The blue boxes are just s/r areas where price could turn back on me. Normally I would make a move with my stop at these areas. I just placed an order and SL/TP and let it play out. It broke the stacked up highs at 1.41 and figured they would hold as support. I pretty much had been tired of just staring at charts doing nothing so to combat my desire to 'trade!trade!trade' I took this on demo. But the way this thing pulled back today just gives me a sense of relief that I am picky and normally dont get caught in this kinda mess. Im up 1.85-ish% return for October but its ok I might have a 20% return in November I also only made 2 trades on the 1hr london this whole month.
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  #34 (permalink)  
Old 30th November 2011, 03:45
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Default Late night trade 1H

I've had alot going on but I'm going to make a effort to post more trades.I usually don't snap pics of my 1H trades because of the speed of price but here is one I took tonight during the slower sessions.
S/L 17 pips @ 2% risk
T/P was 41 pips, manually closed trade at 37 pips.
4% return.
Attached Images
File Type: gif audusdh1.gif (19.6 KB, 10 views)
File Type: gif audusdh1be.gif (19.6 KB, 10 views)
File Type: gif audusdh12.gif (19.6 KB, 9 views)
File Type: gif audusdh13.gif (19.6 KB, 10 views)
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  #35 (permalink)  
Old 9th December 2011, 02:33
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Default PRICE ACTION/DBHLC set-up

Attachment 1872A double bar high with a lower close PA setup (DBHLC). They don't pop up to often but are reliable and pretty much the same play as an outside bar. I consider the set-uAttachment 1872p valid if the two highs are within 2-3 pips of each other on a daily chart. Its in a good spot lets see what happens. Will update trade pics to this post so trade is easier to follow
Attached Images
File Type: gif nzddbhlcpre.gif (24.2 KB, 12 views)
File Type: gif nzddbhlc1.gif (27.6 KB, 7 views)
File Type: gif nzddhlc4.gif (25.3 KB, 8 views)
File Type: gif nzddbhlc5.gif (25.1 KB, 6 views)
File Type: gif nzddbhlc6.gif (25.5 KB, 5 views)

Last edited by Easy Trader; 14th December 2011 at 15:26.
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  #36 (permalink)  
Old 14th December 2011, 00:02
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EURAUD4H trade, this is technically not a pinbar but the over all setup is good. Double bottom at a major low support area which is the HUGE 1.3000RN. 2% risk as usual. Will update the trade pics here on this post so it can be viewed all the way through in the future. Happy trading everyone______tried to place a trade managment EA prior to going to sleep last night and set the paramiters wrong and instantly stopped myself out at BE all in all I read the market correctly though
Attached Images
File Type: gif euaupinopen.gif (25.3 KB, 10 views)
File Type: gif euaupin1.gif (25.3 KB, 11 views)
File Type: gif euaupin post.gif (24.4 KB, 8 views)

Last edited by Easy Trader; 14th December 2011 at 15:08.
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