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 ..
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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 .. ...
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Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 527 since Sep 2009
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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
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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
The following 2 users say Thank You to jinhar for this post:
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 527 since Sep 2009
Thanks: 583 given,
1,246
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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
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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
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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..
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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 .. ..
The following 3 users say Thank You to jinhar for this post:
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