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Author Topic: TA Forex Trading  (Read 16098 times)

Heavyweight

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Re: TA Forex Trading
« Reply #3270 on: July 18, 2017, 08:33:47 am »
UCAD @ 1.2550 roughly was the call

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Heavyweight

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Re: TA Forex Trading
« Reply #3271 on: July 18, 2017, 08:36:10 am »
I think AU news tonight around 9 est so that may be the catalyst to get things moving

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Pennies2007

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Re: TA Forex Trading
« Reply #3272 on: July 18, 2017, 08:43:17 am »
UCAD @ 1.2550 roughly was the call

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It dropped to 1.2580...that's close enough for me...LOL!

Pennies2007

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Re: TA Forex Trading
« Reply #3273 on: July 18, 2017, 09:15:10 am »
Out of the UCAD long flipper at 1.2625 for another 90 bucks profit.

Pennies2007

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Re: TA Forex Trading
« Reply #3274 on: July 18, 2017, 09:18:04 am »
Come on NU...damn all this dragging around in consolidation...pop or drop already...geez....

Pennies2007

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Re: TA Forex Trading
« Reply #3275 on: July 18, 2017, 09:28:00 am »
Dog gone it...I knew UCAD was about to pop harder. I left a lot of money on the table. I blame Heavy completely...ROFL!

Heavyweight

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Re: TA Forex Trading
« Reply #3276 on: July 18, 2017, 10:37:28 am »
Out of the UCAD long flipper at 1.2625 for another 90 bucks profit.
Lol you missed 12 pips pennies? Haha. Still hasn't broken new high yet. I'm not convinced.... yet

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Heavyweight

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Re: TA Forex Trading
« Reply #3277 on: July 18, 2017, 10:44:48 am »
Come on NU...damn all this dragging around in consolidation...pop or drop already...geez....
I'm long NU @ 7368 pennies... crazy right?

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Pennies2007

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Re: TA Forex Trading
« Reply #3278 on: July 18, 2017, 11:24:37 am »
Come on NU...damn all this dragging around in consolidation...pop or drop already...geez....
I'm long NU @ 7368 pennies... crazy right?

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Maybe not Heavy. My EA took a long at exactly the same price...LOL!

I wouldn't have taken it but the EA, so far, has picked up almost 1 % fpr the week so who knows with no losses so we'll see how it goes.

Heavyweight

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Re: TA Forex Trading
« Reply #3279 on: July 18, 2017, 11:27:28 am »
Come on NU...damn all this dragging around in consolidation...pop or drop already...geez....
I'm long NU @ 7368 pennies... crazy right?

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Maybe not Heavy. My EA took a long at exactly the same price...LOL!

I wouldn't have taken it but the EA, so far, has picked up almost 1 % fpr the week so who knows with no losses so we'll see how it goes.

I reverse traded short at the double rejection @ 7371 on the 15 min

Heavyweight

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Re: TA Forex Trading
« Reply #3280 on: July 18, 2017, 11:32:27 am »
Mini "W" pattern on NJ 30 min. Gonna try a long here @ 8240

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Pennies2007

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Re: TA Forex Trading
« Reply #3281 on: July 18, 2017, 11:39:22 am »
Come on NU...damn all this dragging around in consolidation...pop or drop already...geez....
I'm long NU @ 7368 pennies... crazy right?

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Maybe not Heavy. My EA took a long at exactly the same price...LOL!

I wouldn't have taken it but the EA, so far, has picked up almost 1 % fpr the week so who knows with no losses so we'll see how it goes.

I reverse traded short at the double rejection @ 7371 on the 15 min

The EA has a similar process in the core engine that drives it. On the daily chart, it starts off with a 100 pip stop loss at 2% margin entry. But if it sees enough drawdown, it'll reverse and set up an alternate trade to make up the loss. It also has a trailing stop set up once a trade goes sufficiently green.

I can't take credit for all of it by any means. Part of the core is a complex algorithm that I borrowed from another EA. The advanced stuff is above my pay grade...LOL! All I did was modify the code to suit my needs.

Considering the thing only showed a maximum 6% drawdown on any pair I tested for 10 years worth of tick data, it's smarter than I am at trading for sure...LOL!


Pennies2007

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Re: TA Forex Trading
« Reply #3282 on: July 18, 2017, 11:47:30 am »
NU 1 Minute Chart

Potential bearish setup forming now on NU. Shade has flipped but the MA's haven't crossed over yet and this is only the first push down. Have to wait for a recovery bounce later and then evaluate it to see if the setup still looks good after a low is put in place.

This is Step 1 in the 3 step process to trade this setup.

Pennies2007

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Re: TA Forex Trading
« Reply #3283 on: July 18, 2017, 11:54:28 am »
One thing I've also found with the MA shade trading setup is to watch the TDI for indications of a pattern break either up or down depending on which way the shade flip goes.

In this case, the TDI broke down below the TDI support line. That's a pretty good indication that the 15 minute chart is going to set up for a nice short later on. We still have to wait on the confirmation from the shade flip, of course. The TDI is just another way to confirm it if/when it happens.

NU 15 minute chart...


Heavyweight

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Re: TA Forex Trading
« Reply #3284 on: July 18, 2017, 02:14:05 pm »
Just watching paint dry >:( >:( >:(

 

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TA Forex Trading by Heavyweight
September 30, 2018, 11:48:51 pm