are you still using fibs in your trading? nice thread jinhar.

Nice D setup On the euro i was bit aggressive on this trade but risk was very small so it was fine today was quick day as price was moving beautifully this trade was after the news ..

adrian 

are you still using fibs in your trading? nice thread jinhar.

Yes i still use them not in scalping that much but over all to see what market is doing fib is important part... In day trading again fib plays an imp part but thats something for later date .. for now lets concentrate on scalping .. ...

jinhar
Attached are my trades for today. They are in sim as I am still getting used to this and I have recently switched brokers and charting platforms. The third trade, I reduced my profit targets since it appeared the down move was getting weaker. Took some heat but it was profitable.
Papa15

papa15 

jinhar Attached are my trades for today. They are in sim as I am still getting used to this and I have recently switched brokers and charting platforms. The third trade, I reduced my profit targets since it appeared the down move was getting weaker. Took some heat but it was profitable. Papa15

Your 1st and 2nd trade were excellent Your thinkin about the 3rd trade was right but what i would suggest when you are taking such trade is that take the next pullback which was closer to the ma the area you entered that time ur ma was still lagging behind price went down and that time ma had caught up you got a bounce of them .. Try to take such trades if you need example look at your second trade perfect bounce when you get such trades you can use smaller stops thats all .. or else excellent trades .. again .. Great trading ..

Best Regards
Jinhar

jinhar 

Your 1st and 2nd trade were excellent Your thinkin about the 3rd trade was right but what i would suggest when you are taking such trade is that take the next pullback which was closer to the ma the area you entered that time ur ma was still lagging behind price went down and that time ma had caught up you got a bounce of them .. Try to take such trades if you need example look at your second trade perfect bounce when you get such trades you can use smaller stops thats all .. or else excellent trades .. again .. Great trading .. Best Regards Jinhar

Jihhar
I discuss the third trade in more detail on my thread. It was taken for training purposes only. But thanks for the feedback. This is the only method I am using now.
Papa15

papa15 

Jihhar I discuss the third trade in more detail on my thread. It was taken for training purposes only. But thanks for the feedback. This is the only method I am using now. Papa15

Yes i read that but my observations were mainly on ur entry and not where the price was in the overall trend .. Just the entry .. Anyways .. They all were beautiful trades .. ..

Best Regards
Jinhar

Is there a benefit to range type charts over Time charts, in your opinion?

tia

tderrick 

Is there a benefit to range type charts over Time charts, in your opinion? tia

See time charts specially for futures in fast moment will lag your tick charts or range charts out of the three i personally go for Tick charts they capture your fast moments and has characteristics of time charts ... Time charts have there own advantages if fast moment is not your concern and you are going for day or swing trades .. your entries and reversals will improve .. range charts are smooth charts and for scalping they are nice compared to time as you can go for quick moves .. Overall its upto you trend works on all its just wad are eyes are used to see hope it helps..

Pretty straight trending day started with A setup short .. Then Reversed to long and Fired 3 nice A setups long .. Nothing to complain about if you get such Setups .. ..