I watched all of Oliver’s London seminar. I don’t think i will watch Aiysha’a because of the whole small pips big spread thing. I’m going to read this thread from the beginning today.
ok good well done
just like clock work and the 200 holds and tiny foot steps tonight in the ausi session and asian to move this cad long under the radar
if you know what your doing with this its fast money and deadly. Short is danger. Long is less risky but your sl is the play, look only for entry on 200 and after that any entry after a red candle , looking to buy the dips. The market looks balanced now so long with the normal fibo retracements in play…market made its money on sl and so on. Remember my trade i posted on open earlier on in the day had my entry on the 4th red candle to the left long and the 2nd red candle to the left could never break that price of the 4th red candle low. Thats a perfect entry ,as thATS billion dollor brick wall.
IF ANYONE IS INTERESTED IN PROGRESSING YOU MUST WATCH THIS VIDEO ITS A MUST Using Moving Averages to Find Winning Stocks - YouTube
THIS VID IS VERY IMPORTANT AS EMPHASIS IN ALL OF THIS IS MA’S IMPORTANT TO UNDERSTAND THE CONCEPT
Using Moving Averages to Find Winning Stocks - YouTube
Thanks Dennis I watched those video’s ^
Thanks for all your help, i will be following this thread
On an elephant bull bar under the 200 sma, when you buy a few minutes before the bar closes, the SL is under that bar, but where do you take profit? What is your minimum R:R that you personally use?
Also what is the timeframe you use the most?
And what session do you trade?
Thanks.
there you go, best time to move is over night asian session, less buyers trucks moved up the hill . Unfortunalty i only made 25 pips i went to bed and left a tp. I thought i left the trade open with no tp so i was expecting gold i got only 25 pips i am pissed....i stayed up so late to get the entry on the 200 as this trade is going to be above 200 for at least 5 days, i blew it for 25 pips proftit.............anyway prrof is in the pudding if you read the cad what i have posted liveHi Christina , thanks for your questions, if I do not answer any of your questions properly please ask me to clarify again because your questions are solid, and sometimes i do not give the most comprehensable answer.
On an elephant bull bar under the 200 sma, when you buy a few minutes before the bar closes, the SL is under that bar, but where do you take profit? Answer: Depending on the distance from the 200, if the 200 is within aprrox 10 to 40pips of the entry you may expect a bounce back once price hits the 200. However if price has momentum when it hits the 200 you would expect a pass through.
If price bounced of the 200 and the 200 showed as resistance then , i would take half profit at the 200 and hold the other half for the longer term, hours or days if i see the following . Price bounced of the 200 as resistance but is continuesly testing the 200 almost consolidating around it. hit the 200, 10 pips back 10 pips forward and so on. Why? because your entry way below the 200 maybe worth more then the profit thats on the table. If nothing happans it just cant breakthrough then at that point I would be thinking that the market will short so then take profit and sell at the 200SMA.
If price eventually holds above the 200 like in the chart below. (200 is the white line) I wil buy another entry and hold it like gold for as many days i can. Cos if it only gave you 200 pips you would soon be pisst. 200 entry is gold.
Now the problem is scanning charts for a 200 Entry, its a lot of work sifting chart to chart, dont worry i have an indicator that code master made. its an alert bell on any currency when price gets near the 200.
What is your minimum R:R that you personally use: Depending on what type of trade set-up. On the elephant, the SL is deep, so lot sizing is scary, if I made 500USD yesterday, I would be prepared to risk 250 of it on a bullEle. That would determine my spread size in calculation to the SL. On a 200 support or restance trade, nice clear confirmation, 1 lot entry SL under the 200 by a few pips 3 or 5. Take half profit of one lot at 11 to 20 pips to cover the cost of the trade. Expect a re test of the 200 if its first bounce of. Hold the original half as price can go anywhere like a rocket. if price test the 200 on pullback, buy another lot. Do the same thing as the first entry, take half profit. Balance half plus half running. Price takes of, keep buying the dips…take some profit of the table and continue. When your at the start of a trend which the 200 in most cases is you got to milk it for everything it has.
if its a 20period entry remember the snap back is take profit. the ditance is from the last snap back. if last bounce from 20 period was 30 pips expect the next one to be about the same. Remember price snaps back to the 20period.
I use 1 hour as confirmation, i take where the MAs are on the 1 hour as concrete. if i look at a 15 minute, i dont trust the MA’s. On a regular day i want minimum 60 pip trades.! So the one hour chart is prevalant to my trading plan. I trade mostly london as there open is 10 15 here in Bahrain, so I dont have to get up to early. However last night, i was up late as the CAD charts you can see was the opportunity traders did not sleep on. When there is an epic fight like last night on the 200, you cant miss that for anything. Price on USD CAD will be up and down but do not expect the price to hit the 200 for days or weeks or years its that important…its the trade of trades hehe. Example EUR JPY running 140 pips from 200 SMA GBP AUD running 160 pips from 200 SMA. Sometimes you will see 2500 pips from 200. thats how it sticks its GOLD.
So you have to DEMO DEMO DEMO on your entries on Bull Elephants, 200 SMA 20 period. It takes time to master. But its worth the effort. And learn to split profit like i mentioned.
Anything not clear please ask. Study all the USD CAD charts live i posted see how you can predict the market like I did its very relevent. Thanks C for taking interest…
Read more: 301 Moved Permanently
i just went long on cad big pullback in progress 846 london time post chart later …
great trade opportunites london time 8 51 eur jpy usd jpy nzd usd eur nzd 200 sma trades
i am long on usd cad long on usd jpy short on eur jpy 8 59 am london time
902 am i am up 29 pips minus 4 on usd jpy......post later
cahrts im looking for more entries bizzy
Build yourMoney management around this on all trades…
ABOUNT TAKING PROFITS AND MANAGING TRADES
This is the story of Mr Green and Mr. Red
Mr . Green looks at Mr. Reds Long position “ You got 30 pips Long! Take it’’
Mr. Red “No as I think the market will pull to 50”
Mr. Green “What if the market pulls to 10?’’
Mr. Red ‘’oh then I am stuffed”
Mr Green “ Take half your lot now at 30 keep half at your SL at Zero then Add a half lot if it pulls back to 10………………………………. now your covered on both sides of the trade are you not Mr. Red?
Mr. Red “are you saying take what the market will give you?
Mr. Green “Yes as if you do not take it the market will”
I cant emphasis how important it is to understand on any trade what the market sentiment is. Now the general cnbc stuff will say that the market is bullish, bearish or sentiment, however there is more to it then that. Just because the market is in the bear zone which is known generally below water with the 200 as the deviding line. Specifically there are zones below water that are no longer bearish and not even bullish. This chart shows the breakdown of what we must see before entering any trade as we need to know what we are getting ourselves into. Reading the market is as simple as the chart. But everything takes tons of pratice to put it to good use.
For example, lets say you see the market going short. So you go short, you maybe shorting a stong bull market without knowing and its only going short now as traders are taking profit and re-filling long positions for the next 40 pip profit. In this instance you maybe see 20 pip profit go to a sl in a secound and you mist the trade long. Whats the point in going against the trend?
The point is 90% of traders do, as they do not know when a uptrend has ended. An up trend only ends when the 200 sma is in a thumb length of price and there both pointing towards each other. That’s why we use faster ma.s to see the pattern. I call it a sandwiche otheres a wedge or a squeez .
It is liberating when you can read the market and do what they say you cant do…just review the cad charts i posted and review this chart for how i was anaylising the cad, i was bullish the whole day and now still bullish on every pull back.
NOTE: THERE ARE NO BEAR MARKETS ABOVE THE 200 SMA, DOWNTRENDS ABOVE THE 200 ARE SIMPLY RETRACEMENTS BASED UPON SIMPLE MATH. TAKING PROFIT BALANCING THE BOOKS TAKING OUT SL ON LATE ENTRY BULLS. A RETRACEMENT FROM A GOOD UPTREND IN A BULL MARKET IS SIMPLY BECUASE ITS OVERBOUGHT FEW SELLERS. THE TREND UP MUST CONTINUE AFTER RETRACEMENT OR CONSOLIDATE OR EVEN MOVE DOWN IF ITS EXTREMELY OVERBOUGHT.
Hi Dennis,
I don’t quite understand this statement…what do you mean by “thumb length of price”? And what are pointing towards each other?
Thanks 
that maybe better explained in this chart , about a thumbs length is about the lenght of a predictive trend lines when you look for a price squeezed between the 200 50 or 20 sma. A sandwiche …the back lines on the chart will show
Thanks Dennis for the reply I really appreciate it, Im following and learning how you trade
GOOD QUESTION, I MEAN THE SMA 20 AND 200 POINTING TOWARDS EACH OTHER AS A PROJECTION OF THE MARKET SHORT TERM WITH PRICE ON TOP OR BELOW THE FASTER MOVING AVERAGE. DEPENDENT OF BULL OR BEAR MKT AND WHAT TYPE OF MARKET YOUR IN AS THE ABOVE CHART DETAILS . WHEN PRICE IS FIRST NOTICED THAT IT IS APPROACHING THE SENTIMENT 200 SMA bULL BEAR FIGHT ZONE THEN THE FAST AND SLOW MOVING AVERAGES ARE ABOUT THE LENGTH OF YOUR THUMB DISTANCE FROM EACH OTHER AT THE POINT YOU FIRST PROJECT THAT YOUR GOING INTO A SQUEEZ BEFORE YOU GET TO THE SQUEEZ , THAT ULITMATLEY SHOULD LEAD TO THE 200 sma BATTLE . NOT SCIENTIFIC. THE DISTANCE. ITS JUST HOW YOU READ THE CHART ATTACHED THE BLACK LINE PROJECTION PUTS THAT CHART ON YOUR WATCH LIST FOR A TRADE SET-UP.<img src="//babypips-discourse-media-production.s3.amazonaws.com/original/3X/7/a/7aee0298948b5c00f6e877e954c92e1ba3733709.jpg" width="690" height="234"><br/>