I have the same question, and besides why did you trade all of this pairs prior to news release?
I have the same question, and besides why did you trade all of this pairs prior to news release?
Hey grillbritt,
Please see Yen's comment about all-stars, and recall that everyone's chart appears different. One thing seems pretty clear: and that is JPY is headed down for the time being. In all honesty, any JPY cross you brief appears to be profitable. Apparently, China awakened up some stuff by releasing some stock market results. US's wasn't to great either; we lost 3-4% I'm not much of a fan of the shares although
News shmooze. I'm a specialized trader, and I'm visiting SHORT. Why complie it by incorporating NEWS
Hi Kevin,
I discovered to didn't trade USD/JPY now though it's still pointing in the ideal path on the cornflower chart. Would you mind explaining ?
Thanks
I really did read from article 313 onwards and I noticed that you're employing a shorter time-frame now but more time-frames suits me better, plus I believe there is less sound than in shorter time-frames.
Good luck Kevin
I will attempt to get to a query after work today bundubill.
I'm off to work so that I don't have a lot of time. I exited EUR/CHF for -2 pips with disperse since I saw a flat 15-min chart.
Here are my trades for this morning:
EDIT:
LONG GBP/JPY @ 244.79
S/L = 244.28
I was up around 50 on my additional lot so I went for it. (Not shown under ).
Wow, what a nice trade today kevin ... I have a positions too today, however a little bit different with u, I hope I can make a lot of pips like u kevin...
Still learning , learning and learning out of u'r journal trades...
Thx Kevin, keep up a good work
Good question. Let us look at the USD/JPY 15-min chart in the time I had been trading(11:20PM CST Sunday). It is attached as 15minJPY.png. An individual can look at this chart and see many things. What we need is to only have the ability to state it belongs in a direction that is specific. For clarifiion I have shown what that looks like in my file attached as 15minGBPJPY.
So to sum it up, The USD/JPY chart is indecisively up if not level. What we need is a picture such as GBP/JPY today in which it quite clearly looks like an uptrend. It could be preferrable that all 3 timeframes of this pair you trade seem that good, but largely the 15-min and 30-min.
Good fortune,
Kevin
[quote=kharvell;1466030]I am afraid you may have misinterpreted how I'm currently trading:
I utilize the 30-min, 15-min, and 5-min charts. If of the trends are down or up, I look at the chart to enter.
I use the specific same Cornflower entries that I was using earlier on the 1 hour to the 5-min.
When the transaction is put, I examine my 15-min chart to determine when to depart (if it is horizontal or opposite my leadership ).
Good fortune
Kharvell:
So if I understand you properly, you're not concerned with all the daily and 3 hour tendencies with your altered approach and appear just at 30-min, 15-min and 5-min? So if the daily and 3 trends are contrary to the briefer term fad you will still trade in the direction of the short-term tendencies based on Cornflower pullbacks?
Hey guys and gals,
You must excuse my absence lately as I've been somewhat busy enjoying my summer and wanting to consider my trading objectively.
The fact is I had a lousy last week. I lost about 8.7%. I understand that I can do better than that, while I'd won 15 before last.
With this being said, I thought it's best to analyze what I had been missing. The long-term tendency was excluded by me from the equation. At the moment, I plan on utilizing the 3-hour, 1-hour, 30-min, and 15-min charts to demone confirmation of a fad and jump in at the 5-min utilizing cornflower or the 15-min.
I will also now utilize the 30-min charts to determine if I exit(if it is flat or reverse my place ). This longer timeframe turned them into big gains and then would have removed several of my losses a week.
One Final thing. I will continue to keep my transactions available over the weekend since the 30-min time frame is somewhat longer.
Here are my current transactions; best of fortune