Best Thread Potential setups
- Thread starter trader_dante
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lol,Daily gold pin on Oanda charts off 914.00 ... cant remember why I had these levels marked in as they dont look like much to me now, it has bounced off one of them though
1pipped with respect do you actually make any money trading??!!no seriously though if you cant remember why they are there you have about 10 times too many instruments on your radars. i dont think anyone would argue that 3 pairs is plenty.
1Pipped
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lol,
no seriously though if you cant remember why they are there you have about 10 times too many instruments on your radars. i dont think anyone would argue that 3 pairs is plenty.
lol, no not lately! I didnt touch that gold pin because `luckily` Ive got my 2% max tied up in a couple of long yen trades at the mo
I dont think Ide trade it anyway really....... hmmm, supposed to be cleaning my charts up at weekend was I???!
trader_dante
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is anyone else short oil? got in the break of an IB
just hittin res,will c if it holds or not??
Love the inside bars
iv noticed from you postsLove the inside bars
still getting to know them,tell me T_D do you ever open possitions on the break of the actual ib,or wait for the previous bars low to be taken out??p.s. closed half for +loads(demo) gonna let the other half run (honest)stop be
grimweasel
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There seems to be merit in counter-trading breaks from pattern formations. I've gleened quite a few pips lately by waiting for a breakout on an acsending triangle etc and then going against the b/o back into the mid of the pattern and then taking the profits. You can sometimes hold on and wait for the second b/o that often confirms the first as being a 'test' to shake-out the dumb money in the weak hands!
Has anyone else had great success with this? I have noticed a few pin bars recently that have had their highs/lows violated (where people put there stops) only for a 'test' and then the price to go in the direction of the expected pin trade? Could this method be getting too popular and now the mm's and big boys have gone 'gunning for stops'. After all we can't all be right as there would be no-one on the other side of the transaction??
Grim
Has anyone else had great success with this? I have noticed a few pin bars recently that have had their highs/lows violated (where people put there stops) only for a 'test' and then the price to go in the direction of the expected pin trade? Could this method be getting too popular and now the mm's and big boys have gone 'gunning for stops'. After all we can't all be right as there would be no-one on the other side of the transaction??
Grim
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superspurs
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superspurs
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Pin bar test
Hi Grim,
Don't know about others, but I haven't noticed this where the price has gone beyond the high/low and then gone in anticipated direction.
What I have noticed is that recently there seems to be a lot less of these opportunities. Maybe they will become more frequent again soon, just need to be patient. I imagine there are millions (anyone care to give an accurate figure?!) of forex traders and my guess is only a small percentage would use this method.
Panache
Hi Grim,
Don't know about others, but I haven't noticed this where the price has gone beyond the high/low and then gone in anticipated direction.
What I have noticed is that recently there seems to be a lot less of these opportunities. Maybe they will become more frequent again soon, just need to be patient. I imagine there are millions (anyone care to give an accurate figure?!) of forex traders and my guess is only a small percentage would use this method.
Panache
superspurs
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ftse100
Hey spurs,
Thanks, I might just do that as I was trading 15 pairs on the forex market and gold. I was thinking of specialising in forex, but in the last weeks I have only found on average 1 trade per day as I'm really sticking to the rules of T_D's method and trying to be disciplined!
Cheers
Panache
Hey spurs,
Thanks, I might just do that as I was trading 15 pairs on the forex market and gold. I was thinking of specialising in forex, but in the last weeks I have only found on average 1 trade per day as I'm really sticking to the rules of T_D's method and trying to be disciplined!
Cheers
Panache
1Pipped
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grimweasel said:
No one seems to know what to do with the $ recently if news and message boards are anything to go by, and its a lot more up-and-downish. As a pin is just a bit of up-and-downishness maybe theres been some fake pins showing up on the radar? ...or if they are 'real' pins, the choppiness chould explain them getting stopped out.
I think Ive noticed a lack of decent setups like panache said. Ive still traded some rubbish (Fresh Air Dangler's [SIZE="-1"](c)2008 Omni[/SIZE]) though
hi grim,are you talking about trading the shakeouts??if so iv come to take them almost as trading signals to trade in the opposite direction to the false break,especially the intraday patterns.i trade short tf patterns regularly and i think youlle find youlle get stung playing these that way as they mostly break nice n clean and fast!!
my experience with the longer term patterns is that they rarley give out what they promise,and are much more likely to ret into the pattern,wether they eventually break or not.
hope this helps
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