Best Thread Live Trading and General Chat Lounge

[BeginnerJoe]

There is a divergence for eur/usd on 15 min tf (good for a short), but I wouldn't touch it because of the FOMC series of reports starting at 17:00

Plenty of time. My trade would be done before that.

To avoid future bickering. All my stops are 10 pips and target 150 pips. That means my call out price -10 pips and call out price + 150 pips.

 

[Walter Mitty]

Plenty of time. My trade would be done before that.

To avoid future bickering. All my stops are 10 pips and target 150 pips. That means my call out price -10 pips and call out price + 150 pips.

And I thought my R/R targets were a tad ambitious. Go Joe.

 

[Dinos]

Plenty of time. My trade would be done before that.

To avoid future bickering. All my stops are 10 pips and target 150 pips. That means my call out price -10 pips and call out price + 150 pips.

Wow, thats some R&R, what time frame have you got that permutation off?

 

[BeginnerJoe]

Short EUR 1.27131 stop 10.

Out +10.3. Don't like the sharp reversal moves.

And I thought my R/R targets were a tad ambitious. Go Joe.

If you don't like my ambition and wanna bicker, you can always start a trade contest thread to challenge me.

Wow, thats some R&R, what time frame have you got that permutation off?

As you can see my trade, my time frame is very short.

 

[Dinos]

Plenty of time. My trade would be done before that.

To avoid future bickering. All my stops are 10 pips and target 150 pips. That means my call out price -10 pips and call out price + 150 pips.

What time frame have you got that permutation off?

With such a reward, the risk would need to be bigger IMHO

But good luck

 

[Walter Mitty]

If you don't like my ambition and wanna bicker, you can always start a trade contest thread to challenge me.

Don't really want to bicker Joe dear but I will glady engage in a duel if you so wish. I'll let you start it. I will expect to see some of those lofty targets of yours hit.

 

[BeginnerJoe]

What time frame have you got that permutation off?

With such a reward, the risk would need to be bigger IMHO

But good luck

My risk tolerance is low. As you saw with my first trade, I was out at -5.3 pips. I wanted 5 but it over shot my manually executed stop.

 

[ZEN archer]

Can you recomend a good utube video?

 

[Walter Mitty]

Real life trader - Paul Holmes - YouTube

 

[BeginnerJoe]

Long EUR 1.27028 stop 10.

 

[ZEN archer]

Thanks WM
Is it from BJ's collection of utube videos?

 

[BeginnerJoe]

Long EUR 1.27028 stop 10.

Stop at BE.

Can you recomend a good utube video?

Watching video on the job will cause you to miss out deals.

 

[ZEN archer]

Watching video on the job will cause you to miss out deals.

I wanted to improve my trading skills

 

[Dinos]

My risk tolerance is low. As you saw with my first trade, I was out at -5.3 pips. I wanted 5 but it over shot my manually executed stop.

OK, Joe, I trade the 5 minute chart only, such a R&R on a short time frame is impractical IMO.

I use a 10 PIP stop and a 10 PIP limit, whilst the R&R is only 1:1, however, accuracy and trend entry are paramount.

I have made just 2 trades today, both on the CAC, with the above principals, both came in. Whilst I haven't entered a live call on these, I have posted charts on the S&P and Indexes thread, where we duscuss set up, rather than making live calls. if you look, you will see both trades had the exact mirror image conditions and where time specific: ie 1st Trade that met the trading conditions after 9 am and 2.30 am.

Try an be realistic with your reward mate.

Please take this in the manner I intended, as advice rather than having a go.

Good luck, (its hard in the beginning, we've all being there)

 

[splashy]

Out +10.3. Don't like the sharp reversal moves.

As you can see my trade, my time frame is very short.

i think you have to expect sharp reversal moves when you're trading within such a narrow channel...
and obviously the reward you mentioned was sarcasm, right?

 

[splashy]

Can you recomend a good utube video?

I can show you one of me on 'come dine with me' but thats not what you mean, is it...

 

[BeginnerJoe]

Long EUR 1.27028 stop 10.

Out at +ve BE.

Try an be realistic with your reward mate.

Please take this in the manner I intended, as advice rather than having a go.

Feel free to have a go. It goes in one ear and out the other. See, I have my own plan where R:R doesn't apply. The number I gave was for the benefit of the people here.

 

[Walter Mitty]

Thanks WM
Is it from BJ's collection of utube videos?

Definitely.

 

[ZEN archer]

I can show you one of me on 'come dine with me' but thats not what you mean, is it...

I liked that programme - yes please


BTW I was interested in good trading videos - I think BJ collected few of them

 

[BeginnerJoe]

Long EUR 1.27043 with a small bet. Can't stand the deadness.