- Search Metals Mine
- dr mongolia replied Oct 19, 2010
Yeah, in regards to the other thread, another thing I've considered is that the number of pips they are discussing is usually the MOST that they took off of a trade that they entered. So if they enter a move with 20 pips equal to 1% account size and ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 19, 2010
Yeah I think someone would have to be really fluent with the HTFs before pulling that off. That's my main weakness right now, so it's definitely not a style for me. I'm at a strange crossroads with my trading. I'm profitable but I'm struggling to ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 19, 2010
If anyone is trading right now might want to take a peek at AUD/CAD, it's retesting the parity level right now which is a huge S/R area on the daily. It's also the touch of a TL on the 4H and the 50MA. If it breaks, it'll probably run down pretty ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 19, 2010
Thanks, yeah if it breaks the trendline I'm bailing. I took the trade with a reduced lot size so I'm not too worried about it. At first I thought it was a double top but then I figured that since the August price had been exceeded on oct 15th (~100 ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 19, 2010
Awesome post, thanks Ken. I'm going to reread those again, might have some more detailed comments after that. Here's my daily on the GU which is why I'm taking the long here -- we've got a sturdy TL intersecting with the daily 35 and the daily 50. I ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 19, 2010
Another question for Ken -- I thought of this after attempting the GU reversal: Do you have any insight as to how Pippinole from EO/Infinity's thread trades? I get the impression that most of his pips come from trades like this GU reversal -- use a ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 19, 2010
I'm interested in hearing Ken's response to the above question as well.. In regards to GU I'm taking a long here -- It's a risky trade but the risk:reward is very favorable
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 18, 2010
Yeah I absolutely agree. I love that last line by the way, so true: "If you aim at nothing, you will hit it." My problem is that I'm a far cry from being "fluent" at mixing the HTFs with the 15M. But I'll get there, slowly, with more screen time. A ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 18, 2010
I didn't look far enough to the left on the daily and I missed that price was retesting sept 24 low. Plus you can see a lot of other traffic at that price, like the upper wicks on sept 16th and 20th. Solid S/R on the daily.. I definitely would ...Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 18, 2010
The funny thing about trading these hours is that they FORCE you to look at the HTFs for opportunities, since the 15M charts aren't moving fast enough. I've found that some of my biggest trades are entered after the London close either during or ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 18, 2010
I got the E/J, missed the GBP. On the E/J the 1H 62/50 were both lined up in between the 61.8 and 50% fib levels so I had to take that one. It'll be interesting to see how the E/J daily closes. I saw the long opportunity off of the daily 50 and ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 18, 2010
Yeah I've been guilty of making a lot of errors on both sides of that coin -- I have had days where I find myself taking profit much too early, and days where I find myself taking profit much too late. I came from equity trading where I tended to ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 18, 2010
I haven't been able to get more than 20 pips on any pair this morning. It has been frustrating, but I guess I need to learn when to close the trade after 10-20 pips instead of waiting for a 50 pip move that won't happen.
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 17, 2010
Being a
, I closed out on Friday (at around BE or -1/-2 I think).. But today's open will be interesting.. If we gap below the 1.5960-70 area I think I'll pass, but if we open around where we're at then I think we'll see at least a retest of ...Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 15, 2010
Here's the trade setup I'm talking about.. Price is approaching the bottom of the range/rectangle in pink on the 15M (first chart). The bottom of that range is also the daily low, and the GMT close of yesterday. It's also forming a hammer as I type, ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 15, 2010
I plotted the line on my 1HR zoomed out a bit so that we can have a visual (first chart) and also put it on my 15M. As I said before I don't think the trade was a bad trade at all, but here's my full take on it (I went back and reread my response ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 15, 2010
If you're trying to scalp for a few quick pips, I don't think it was a bad entry because there's the pin and it does have some PPA to the left. But if you're trying to catch a bigger move, wait for a key level -- the top of the trading range, a ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 15, 2010
Yeah, that's the same thing that was happening to me. I also noticed the prices on the feed were way off at some ponts, so I got afraid of being spiked out and just closed everything. For a few minutes I noticed that the CJF/JPY bid was 15 points ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 15, 2010
Thanks, thats great to hear because I was actually doing some google searches to try and figure out if this was normal for them. I haven't been using them for long but I've been very impressed with them for order execution so far. I like Oanda for ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Oct 15, 2010
Whoa! I had to close out all my trades. I've been using Oanda lately and something crazy is going on with their feed. It's very laggy and prices are way off from prorealtime.com and other feeds. I can't find any big time news so I'm not sure what ...
Ken's Continuing Successes with EO's system