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High Reward to Risk Trading

  • #161
  • May 12, 2016 8:23am May 12, 2016 8:23am
Quoting nimbinsstone
geppy the same, data in; now for Carney to speak long @ 157.314 now positive SL hoping for 162+ to set up a long term short
Geppy is doing very well. Congrats.
No guts, no glory
  • #162
  • May 12, 2016 8:29am May 12, 2016 8:29am
Gold is on the move (have it on another account), targeting weekly open @ 1287-8.
No guts, no glory
  • #163
  • Edited 11:27am May 12, 2016 8:48am | Edited 11:27am
Quoting abokwaik
{quote} Good. I took UJ. Stop 109.415, Target 107.52.
Goog target !
And to add on 109 .... If it's possible

will be the moment ?

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYmicroM15.png Size: 46 KB
Learning
  • #164
  • May 12, 2016 9:11am May 12, 2016 9:11am
long in gold 1277,5
.... The stop... 1274
Learning
  • #165
  • May 12, 2016 11:15am May 12, 2016 11:15am
Maybe lets create some SKYPE group what do you think abokwaik ?
  • #166
  • May 12, 2016 11:42am May 12, 2016 11:42am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYmicroM1.png Size: 13 KB

Quoting troya7634
{quote} Goog target ! And to add on 109 .... If it's possible will be the moment ? {image}
lets fit the stops..... Bulls are here in 1M TF
Learning
  • #167
  • May 13, 2016 8:24am May 13, 2016 8:24am
hi abokwaik and everybody .
Was a difficult week ? For me, sure, .... Last night, my orders became a little crazies 😴😴😴😴😴 I will continue testing how the highest volume level can to make better my entries... Have a nice weekend and thanks for your sharing !!
Learning
  • #168
  • May 13, 2016 4:09pm May 13, 2016 4:09pm
Quoting troya7634
hi abokwaik and everybody . Was a difficult week ? For me, sure, .... Last night, my orders became a little crazies 😴😴😴😴😴 I will continue testing how the highest volume level can to make better my entries... Have a nice weekend and thanks for your sharing !!
Indeed my friend. It was very choppy on all the pairs I traded. More on this tomorrow. Good night and have a nice weekend.
No guts, no glory
  • #169
  • Edited 1:46am May 14, 2016 1:21am | Edited 1:46am
A tough start for HRR in the first week.

Week 1 in Numbers:

  1. RR 1:1.2
  2. WR 50%
  3. Big Winner UJ 6.4% by 7 entries
  4. Big Loser Gold -9.8% by 75 entries

​Gold was the breaker of last week.


Price was capped in a $30 range for the whole week and closed in the middle of the range.
These are the trades taken.
Most of them where stupid, even some winners.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM_wk1.png Size: 94 KB


Number of entries was huge which indicates:

  1. immature entry, early exit
  2. small stops (not suitable for gold)
  3. revenge entries

No guts, no glory
  • #170
  • May 14, 2016 2:11am May 14, 2016 2:11am
Gold is still near 2015 High, oscillating in a rising channel on the Daily.
It is also in a falling channel on the Hourly.
The week ended by an Outside Bar (Thu) followed by an Inside Bar (Fri).

I am neutral on Gold for next week.
I will try to avoid gold but a few trades on channels top/bottom.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 104 KB
No guts, no glory
  • #171
  • May 14, 2016 6:38am May 14, 2016 6:38am
Remember this GU chart from May 8th, post#68.
See how price closed the marked last nearby LVC.
Getting closer to Inverse H&S neckline (denoted in post 68).
I think this area would be a good place to go long.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1_03.png Size: 112 KB
No guts, no glory
  • #172
  • May 14, 2016 8:33am May 14, 2016 8:33am
Quoting abokwaik
Remember this GU chart from May 8th, post#68. See how price closed the marked last nearby LVC. Getting closer to Inverse H&S neckline (denoted in post 68). I think this area would be a good place to go long. {image}
Very good input about GU.
I'd like a lash to 1,430 - 1,432 to try a strong entry
Learning
  • #173
  • May 14, 2016 8:37am May 14, 2016 8:37am
Quoting abokwaik
Gold is still near 2015 High, oscillating in a rising channel on the Daily. It is also in a falling channel on the Hourly. The week ended by an Outside Bar (Thu) followed by an Inside Bar (Fri). I am neutral on Gold for next week. I will try to avoid gold but a few trades on channels top/bottom. {image}
What's there in your mind? A change of plans, parameters or any thing? Let's wait a little time
Learning
  • #174
  • May 14, 2016 8:58am May 14, 2016 8:58am
Quoting troya7634
{quote} Very good input about GU. I'd like a lash to 1,430 - 1,432 to try a strong entry
I might wait until it tests the neckline below 1.43 and enter long on close above 1.43. It depends on how it will react at H&S neckline.
No guts, no glory
  • #175
  • May 14, 2016 9:05am May 14, 2016 9:05am
Quoting abokwaik
{quote} I might wait until it tests the neckline below 1.43 and enter long on close above 1.43. It depends on how it will react at H&S neckline.
Mmmm ..... Yes, ok, i'm with you .....
Learning
  • #176
  • May 14, 2016 9:08am May 14, 2016 9:08am
Quoting troya7634
{quote} What's there in your mind? A change of plans, parameters or any thing? Let's wait a little time
My confidence is increasing in BBP as entry triggers at S/R (including closed LVCs), and open LVCs as targets.

My stops are in the right place for market to hit, in the wrong place for my trades to survive. So I have to work on that.

My confidence is also increasing in the buy low/sell high concept.

Last week bad performance (-7%) was mainly due to my bad implementation.

I suggest you guys have a look at DonPato thread about exhaustion areas, it is still new but I think he's at something, which is very much relevant to what we are trying to achieve here.
No guts, no glory
  • #177
  • May 14, 2016 11:26am May 14, 2016 11:26am
Quoting abokwaik
{quote} I might wait until it tests the neckline below 1.43 and enter long on close above 1.43. It depends on how it will react at H&S neckline.

with graphic front , I think these areas might be :

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH4.png Size: 40 KB



with graphic front , I think these areas might be .
Learning
  • #178
  • May 14, 2016 11:30am May 14, 2016 11:30am
Quoting troya7634
{quote} with graphic front , I think these areas might be : {image} with graphic front , I think these areas might be .
Great thread op

Troya- what is the indicator Histo that is on your charts -- and is that indicating increased volume and if so is it based on tick vol??

Thanks in advance.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #179
  • May 14, 2016 12:12pm May 14, 2016 12:12pm
Quoting iamsovereign
{quote} Great thread op Troya- what is the indicator Histo that is on your charts -- and is that indicating increased volume and if so is it based on tick vol?? Thanks in advance.
Hi iamsovereign,

It is a simple indicator about volume, based in ticks. In this chart ..... MarketProfile, with a weekly configuration
I have seen a lot of versions, this is the single one

Attached File(s)
File Type: ex4 MarketProfile.ex4   24 KB | 415 downloads
Learning
  • #180
  • May 14, 2016 12:20pm May 14, 2016 12:20pm
Quoting troya7634
{quote} with graphic front , I think these areas might be : {image} with graphic front , I think these areas might be .
If we look closely, the red bearish triangle indicates that its 133 target is..... the LVC mentioned by abokwaik
Lets see what happen

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH1.png Size: 21 KB
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