Page 26 of 27 FirstFirst ... 1624252627 LastLast
Results 251 to 260 of 266
  1. #251
    Senior Member Mick's Avatar
    Quote Originally Posted by Annovdbos View Post
    So, today I got home from school around 14:30 and started trading at around 14:45. I traded one hour long and made 9 trades, ended 7 ITM and 2 OTM.

    I'll explain some of the trades hereunder. 8 of these trades were on EURUSD and one on USDJPY.

    First I'll show you my target on EURUSD which I had drawn on H4. (When I started trading price hadn't reached the target yet, this picture was taken after the trading session, so price had already reached it).
    Attachment 7109

    You can see how the trendline and S/R intercepted right at the point where price might touch it. Therefore I knew it was a strong target and a strong resistance point.

    So, the first trade I took was a minor pullback in it's strong bullish move towards the target. Also news on the CPI had just been released, actual was worse than forecast, so that was bad for US Dollar. Thanks to milos for pointing that out in the skype group!
    So, when I saw the buyers were exhausting (see the pinbar) I took a 2 minute and 15 seconds put. It ended ITM nicely, also stoch was overbought.
    http://prntscr.com/f73mrd / http://prntscr.com/f73mwh

    The second trade I took was a call after that bearish movement. I saw in the previous pullback that after 3 bear candles sellers came in again. So, I traded towards the small white horizontal line. 2 minutes expiry. Stoch was oversold as well.
    http://prntscr.com/f73nvh / http://prntscr.com/f73o00

    Then I thought that white line would break and price would head towards the target, so I traded it with 3 mins expiry. I was wrong and the trade ended OTM all the way..
    http://prntscr.com/f73onh / http://prntscr.com/f73or1

    After that EURUSD laid low for awhile, so I started looking at other pairs. I saw USDJPY was trying to break the 113.379 level, but failed the first 4 minutes or so. After that it broke pretty hard and I figured it would be the break. So I took a 3 min put. It was close because of the late entry, but it was ITM. (I do experienced now that breakouts are a lot harder to trade, cause it's much harder to find good entries and good expiries).
    http://prntscr.com/f73q46 / http://prntscr.com/f73q6y

    Then after a while the target was finally reached. After the touch of the trendline (I hadn't drawn the S/R line here yet) I took a 5 minute put. 5 minutes because it also took approximately 5 minutes form the target towards the trendline, so I figured it would take 5 minutes to go from the trendline to the target as well. Also the stoch was overbought here.
    http://prntscr.com/f73rkm / http://prntscr.com/f73rqt

    For the next trade I spotted the S/R line on the M30, which of course made the trendline stronger, cause they intercepted. You can see here that there are two nice high volume bearish candles at the blue line:

    Attachment 7110

    So, for this trade I did pretty much the same as the previous, only difference is that I entered at the blue line now instead of the trendline. If I wouldn't have drawn this S/R line then I would have missed this one, cause it never came up to the trendline. I took a 3 minute put here, because if you look at the previous history, the exact same thing happened: price touched the line, went down one candle, came up one candle again and then dropped all the way to the target with 3 candles. Stoch was also overbought.
    http://prntscr.com/f73u4g / http://prntscr.com/f73u9d

    For the next trade we should take a look at the H4 again first:

    Attachment 7111

    Notice how price attempted to do the same thing. It started the bullish move with a pin bar and then two bullish candles before the break. So, I expected price wouldn't break, at least not until the current H4 candle closed. And that would not be for at least two hours. So, when we look at the trade then:

    Price came back up to the S/R and trendline. As soon as it had hit the S/R line I took a put for the remaining of that 5 minute candle. I figured it would be enough, cause it was enough for the previous candles that touched the level as well. Also the stoch was overbought here. And I think this one was the nicest one, ITM the entire trade. A good trade to close the day with a nice profit!
    http://prntscr.com/f73x5r / http://prntscr.com/f73xc7

    Have great weekend and see you all next week!
    Well done Anno!!!

  2. #252
    Legendry Member milos's Avatar
    Anno you like short term time frame expiry.

  3. #253
    Senior Member Annovdbos's Avatar
    @ Ingmar and Mick: Thanks guys!!

    @ Milos: Yes, at the moment I do. I'm still experimenting with them, but they seem to have lots of advantages. If you don't have much time to trade on one day, short term expiry trades can still give you lots of trades in a small amount of time. That's one of the things I like about them. Also you don't get bored watching the charts because every move price makes is interesting.

    Nevertheless I still trade longer expiries as well. It depends on how the markets move and how much time I have to trade.
    "You think I ain't worth a dollar, but I feel like a millionaire!" - Queens of the stone Age

  4. #254
    Active Member JpBO3Attempt's Avatar
    Hi anno.! Learning a lot from your diary.

  5. #255
    Legendry Member Okane's Avatar
    Quote Originally Posted by JpBO3Attempt View Post
    Hi anno.! Learning a lot from your diary.
    It's really a good diary. No wonder he also won the "TOM".
    But what I really like about Anno is that he worked hard on his own too and really made a good effort.
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  6. #256
    Senior Member Annovdbos's Avatar
    Quote Originally Posted by JpBO3Attempt View Post
    Hi anno.! Learning a lot from your diary.
    Hey man! Great to hear that! It's what the diary is for!

    Quote Originally Posted by Okane View Post
    It's really a good diary. No wonder he also won the "TOM".
    But what I really like about Anno is that he worked hard on his own too and really made a good effort.
    Thanks Okane! Really awesome to hear that from you.
    "You think I ain't worth a dollar, but I feel like a millionaire!" - Queens of the stone Age

  7. Thanks Okane thanked this post
  8. #257
    Legendry Member Okane's Avatar
    You are very welcome.
    Good to see you in the Skype Group today. At least we got to check those trades together and see how those could have been executed better.
    Still the effort was good from your side
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  9. #258
    Senior Member Annovdbos's Avatar
    Quote Originally Posted by Okane View Post
    You are very welcome.
    Good to see you in the Skype Group today. At least we got to check those trades together and see how those could have been executed better.
    Still the effort was good from your side
    Yeah, it was a good session today in the skype group eventhough my face blocked your charts for a minute, lol. I'll be online more often when I have more time. Still very busy with school for the next 3 to 4 weeks. After that I'll have lots more time for trading.
    "You think I ain't worth a dollar, but I feel like a millionaire!" - Queens of the stone Age

  10. #259
    Senior Member Ingmar's Avatar
    Quote Originally Posted by Annovdbos View Post
    Yeah, it was a good session today in the skype group eventhough my face blocked your charts for a minute, lol. I'll be online more often when I have more time. Still very busy with school for the next 3 to 4 weeks. After that I'll have lots more time for trading.
    Ghe ghe, that was funny. It was good to see you trading in the group today. Have a nice weekend Anno.
    “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor.”

  11. #260
    Senior Member Mick's Avatar
    Well done guys!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3