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| 10.4/10.5 trades only https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2137 |
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| Author: | cmeade2 [ Tue Jun 04, 2013 1:18 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
I can see the NU short since it is at the WP. What was your trigger on the other two?
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| Author: | art [ Tue Jun 04, 2013 1:19 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
thanks jemook, for giving us a look at your method, just one question, ive just taken a short on the nzdusd, of off the one hour chart, but the 4 hour is still showing the golden rod, do you wait for the 4 hour to go red, or just use the 1 hour chart, rsi is pinned to the top on the 4 hour |
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| Author: | Jemook [ Tue Jun 04, 2013 1:21 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
Hey there, It really depends.. sometimes I don't even close it and see what happens if it's near a pivot. But if the trade looks like it could swing against me then I'll just shut .. I don't think about it too much. I'm not sure if it was just the last few weeks but there are so many good setups available that I'm never afraid to cut one short.. Tonight I closed a bunch of profits before it reached my TP. The rules are there but you have to go with your gut and use whatever else you've learned in FX to hold 'em or fold 'em. J |
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| Author: | Gertje [ Tue Jun 04, 2013 1:23 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
Pinned RSI and info-page H1 CSS.
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| Author: | Jemook [ Tue Jun 04, 2013 1:24 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
I went short NZDUSD earlier this session from .8079 or just under WR1. I took it just before goldenrod on H1 because I could see the lines were converging so I took it a bit earlier. I don't use the H4 CSS at all anymore. But... If the H4 CSS goes red while you are in a trade then you might want to hold for a longer ride down.. J |
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| Author: | fahedksa [ Tue Jun 04, 2013 2:51 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
Jemook, From your trades I saw that all of your trades within Sydney , Tokyo sessions .Is just coincidence or depends on market moving? |
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| Author: | nicoacademia [ Tue Jun 04, 2013 3:11 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
GBPCAD hit ur TP don't think of your overall loss. think of executing as best as you can stacking 10.4 probabilities as much in your favour. im quite a sportsperson so in the sports world its like stacking as much weight as possible in the gym while stacking repetitions to maximise muscle gain. just think. that's 50 pips right there. and this is only for this pair. so many other pairs also set up NZDUSD NZDJPY (shorts) GBPUSD(long). but i'm just too lazy to post. i think i've put enough reptition out there for a repeatable routine into a repeatable framework that Bob has also repeated to us about 10.4. and once you hit TP. take a breather. just like our heart rests in between beats. it doesn't keep on hammering. its a good time to calm the emotions down and refocus on the core principles as well as re-self-emphasize the proper technique. |
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| Author: | art [ Tue Jun 04, 2013 3:49 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
hi guys not sure how to upload my chart, but if this comes through, my chart looks different to fahedskas chart, i seem to have quite a few lines missing |
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| Author: | sixdogtrader [ Tue Jun 04, 2013 4:10 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
Art - I think you are using the H1 chart whereas he is using the H4 chart. |
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| Author: | art [ Tue Jun 04, 2013 4:15 pm ] |
| Post subject: | Re: 10.4/10.5 trades only |
no its the 4 hour chart, different pair, but it looks like that on allpairs |
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