Forex trading live calls and set ups

[bedsit]

Maybe possible H&S pattern. Price has to break the yellow line no confirm it.

 

[kingpip]

yipes. there's major support at 111.60 though. is that where you'll take profits? i might go long at that level haha.

sorry for the late reply but i wait for my signals to get out. I'm still in currently -18pips

 

[wackypete2]

wackypete: how do you decide whether its worth trading the asian overnight session?

Well, it wasn't last night! I posted both trades I took and ended up losing all of yesterday's gains... Chit happens.

Generally, that time period is a lull in my daily life so I have more time to pay attention to the markets then (It's early evening here in the US when I am trading the Asian session). In addition to watching the charts I have 2 ea's set to ring bells and whistles when they spot several set-ups that I like. They won't trade, just alert me when anything worthwhile is going on. Most sessions are a bit calmer and slower action than the London and US, but I find that a trend will usually grind along without much "noise".

Peter

 

[kingpip]

sh gbp/cad @ 1.6133 stop @ 1.6193

 

[Dinos]

dinos are you stalking eur/usd for long after the big boys start buying

"Stalking" - watching all the time, just wait for them to decide, as it moves, and I get a signal (always lagging) I get on board, I never takes a leading option.

Generally take a higher tick chart as signal and a lower tick chart to continually enter trades back into the signal move if that makes sense

 

[be-positive]

Generally take a higher tick chart as signal and a lower tick chart to continually enter trades back into the signal move if that makes sense

ok thanks understand - just you took a trade yesterday against the trend of higher time frame

 

[Dinos]

ok thanks understand - just you took a trade yesterday against the trend of higher time frame

Hi BP, think it depends on what higher t/f you use, sometimes as you know one says long and one says short, depends on wot combination you use I guess, I use tick charts though not time frame charts, they are more reative and accurate than time based charts imho

 

[be-positive]

Hi BP, think it depends on what higher t/f you use, sometimes as you know one says long and one says short, depends on wot combination you use I guess, I use tick charts though not time frame charts, they are more reative and accurate than time based charts imho

ok must have picked you up wrong but I was sure you mentioned 10min for trend and then down to tick for entry

 

[bedsit]

H&S patternQUOTE]

 

[wackypete2]

H&S pattern

Where are the pitchforks I was getting used to seeing?

Peter

 

[bedsit]

H&S patternQUOTE]

IMO It's always good to close a part of the position instead of waiting for the full target. Already made a big profit (compared to the risk)

 

[bedsit]

Where are the pitchforks I was getting used to seeing?

Peter

That's only a part of the tools I'm using. H&S is my favourite.

 

[redart]

man, what a sweet move! Bit more like it. Yesterday was brutally boring

 

[wackypete2]

b 1/2 position gbpusd @ 1.6050 stop 1.6020
targeting 1.6120 area. This is a longer term trade so I'm taking a smaller position.

Peter

 

[wackypete2]

Sorry, late posting chart...phone call.

Peter

 

[wackypete2]

Gold did not break 1425 on 2 attempts today. High 1424.10. Looking to short into this afternoon.

Peter

 

[wackypete2]

sh gold 1422.05 stop 1425.55

Peter

 

[wackypete2]

So far my stops in both trades have held. Must be due to my lucky underwear I'm wearing.

Peter

 

[wackypete2]

exit 1/2 gold 1419.62 +2.43 stop to be

 

[wackypete2]

exit 2nd half gold 1416.05 +6

made my whole week... yipee!!!