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Thread: Interactive Trading Setups Disscussion

  1. #491
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    reached the entry levels on EURUSD

  2. #492
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    Hi kor, i ve seen this 121 yesterday, but i was already long on the 121 in gbpusd, wich is already in profit , also i'm long in audusd, i ve entered short 2 days ago and took the retracement wich is now at 50 fib level, i hope it will rise again

  3. #493
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    well done, kidrock, i do the same usually, if long on EU no point to be also long on AU and opposite. Anyway prefere to be long on AU (positive swap = retirement trade).
    just remember, the Exit is more important than the Entry.

  4. #494
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    Yes Kor, i know, still i have some difficults in exit strategy, i mean, with harmonic trading i have a good idea of exit points and TP, with the system that i'm trying is more difficult, sometime i reach 120 pips but instead of closing the position i wait and price drop and i get only 60, 50 pips! frustrating XD

  5. #495
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    Yes Kor, i know, still i have some difficults in exit strategy, i mean, with harmonic trading i have a good idea of exit points and TP
    When you say "with harmonic trading i have a good idea of exit points and TP", try to think differently than books and crowd. The obvious may not be the best :-)

    with the system that i'm trying is more difficult, sometime i reach 120 pips but instead of closing the position i wait and price drop and i get only 60, 50 pips! frustrating XD
    Everyone has the same issue. I was there and I think there is not THE BEST solution here. I can be +170p during the day and over the night whole profit is taken back and position closed on +1p or -1p. Frustrating. Therefore I balance now the approach and in sometimes close faster and sometimes keep the trade as much as makes still sense (SL or big TP).

  6. #496
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    But when you trade a 121 you set TP at the previous High/Low? or when trade a gartley you take in consideration where TP1 and TP2 are, right?

  7. #497
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    Actually regarading my TP all depends on the strenght of the move, and time of the day, and overall profit/loss on given day. Many parameters taken into account. Psyche rarely helps. Yes, as i trade 121 as running correction, I try to locate it around the 121 C point price level.

    Regarding SL, instead the obvious price levels, I am trying to apply the price x time based SLs. When you enter at D you expect a strong move, when I see no price action as expected there, I think there is something wrong and may close the trade.

  8. #498
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    ok, so now you are long on eurusd 121? did the currencie move in the way you were expecting?

  9. #499
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    yes, i am long on EURUSD and my SL will be on the last Low. Depending on the price action behavior I consider reverting the position to Short.
    Interactive Trading Setups Disscussion-121-bullish-gartley-bullish-eurusd-h1-entry-2012-06-22-11-06-24.png

  10. #500
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    ok , thx for the hints Kor

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