Yes... it really has taken me 7 years for my first post.

ssam

Active member
148 5
Maybe I'm missing something but it would appear that you are buying into supply which would seem to be the opposite of what one should be doing?
Thanks - on the USDCAD trade, I placed the trade on the strong stochastics and placed the open above the supply zone, so it broke the previous supply zone and closed above the previous high.

On the USDEUR trade I held this trade for 3 days, I entered as it broke a previous resistance, I place my trades on orders, so I acknowledge this is not the most efficient way of triggering trades. I did not anticipate holding this trade as long as I had to.

Maybe I should post up a few more trades and we can talk them over?

I appreciate your interest and help
 

ssam

Active member
148 5
hey Sam ....welcome to the light !

ive posted a bit now over the years and ........yes i remember some trepidation back in 2004 i think on first posts

I had been trading a prety successful forex strategy for a few years and wanted to share ideas and get some input ......its really helped me over the last 15 years alongside being on other forums , websites and groups ive worked with ......invaluble contacts, programmers and mentors were found over those years

generally a great bunch at T2win ...we dont bite (well most of the time !)

share a little more .......happy to help

Extremely kind, thank you for the welcome. Great to hear you're consistent and successful, that is the goal for me.. but all in good time!
Eventually
I would like to get the the stage where I am able to bounce ideas and concepts etc off the forum / mentors and take advantage of the resource here.





N
agreed - overtrading is something we all do at times until we realise how self defeating it is ....

step back at times .......or widen stops ......on sit on hands .....or do those extra trades on demo instead .....you make a lot more money missing good trades than taking bad ones
Agree - this is the best thing to do! I will try to bring more of this into my life.

N
just a thought ...if you are only hitting the 8-9am slot i would personally get more on the euro and gbp pairs (poss swissie if its moving) ....perhaps lining them up with usd and or Yen as secondary currencies....

at that time you have Aud and NZD moving into closing business and technically usd and Cad also non bus hours ....

my forex scalping technique is to watch initial period in market 6-8am then go with the flow/trends....sure i am mindful of price action and T/a , support resistance etc etc .........but generally im very CURRENCY (index) focused looking for the main movers ........

i have been pretty ok last few years on Cable especially due to brexit ......cable is deader at moment ....ut watch it warm up as october deadline approaches ...........

My limitations here at the 8-9am London session are my office hours, I am in the office for 7:00/7:30am .. 1.30hrs ahead of the rest of my team and prep any trades I need to refine from Sunday night/over night sessions. Also doing any reading I need to on the train in.



N
i find that the us open is pretty hot as well........i will trade that session post 2pm GMT if i have time or mornign session has not been that profitable ............rare for both sessions to be lightweight .....
Maybe a good idea for a little lunchtime research!

I appreciate all of your input and feedback NVP, thank you.
 

NVP

Legendary member
36,537 1,843
Thanks - on the USDCAD trade, I placed the trade on the strong stochastics and placed the open above the supply zone, so it broke the previous supply zone and closed above the previous high.

On the USDEUR trade I held this trade for 3 days, I entered as it broke a previous resistance, I place my trades on orders, so I acknowledge this is not the most efficient way of triggering trades. I did not anticipate holding this trade as long as I had to.

Maybe I should post up a few more trades and we can talk them over?

I appreciate your interest and help
one of the components of my short term trading systems is about timing and the trade doing what i want pretty quickly .............im not saying that holding and waiting after entering is wrong............just saying that sitting in market when its slow/freezing can be painful in the long term.....relatively speaking for TF being traded ...........naturally 1 min TF is totally different dynamics to daily for eaxmple ......but as an example .....if im scalping 1 mins and i enter .......if that pair hasnt done what i want inside 5 mins im out .......so similarly that would equate to perhaps a week on a daily chart .......trading is generally about seeing momentum ......any delays or freezing has changed the dynamics and eroded / removed the traders edge

N
 

Bloodhound

Senior member
3,445 1,299
Thanks - on the USDCAD trade, I placed the trade on the strong stochastics and placed the open above the supply zone, so it broke the previous supply zone and closed above the previous high.

On the USDEUR trade I held this trade for 3 days, I entered as it broke a previous resistance, I place my trades on orders, so I acknowledge this is not the most efficient way of triggering trades. I did not anticipate holding this trade as long as I had to.

Maybe I should post up a few more trades and we can talk them over?

I appreciate your interest and help
Very happy to look at any charts that you post.