Tuesday, 26 April 2011

EU Strategy

Hi

Firstly I hope everyone had a fare share of fun during this lovely weekend that is gone.
Secondly THANK YOU VERY MUCH FOR SHARING YOUR THOUGHTS ABOUT THE VIDEO. I HAVE RECEIVED MANY EMAILS OF APPRECIATIONS FOR WHICH I THANK YOU FROM THE BOTTOM OF MY HEART. I WOULD SAY THIS TO IT.
I knew nothing, before YOUR desire for knowing more was created. It is YOU who wanted and hence it manifested in my mind delivered through this video. So I thank you for wanting to know so now I know as well thanks to you.

I turned a long weekend a bit longer by deciding not to trade today as well despite the fact that I love Tuesdays. But I had an hr spare so I utilised it towards NY Open.

Following is an example of collecting quick pips in little time. I say this because trading the shorter time frame is exactly like trading any other time frame the only difference is you live life in a "Fast Track". compared to a D1 chart within one hour you've done 2 months of trading. I leave the rest to your imagination.
What I mean is not that you can do it when ever YOU want to do it, but if you just trade 2 hrs a day, that is London Open and New York Open / or Asian open any combination, you'd be able to collect 10 pips per session at least. and with experience I can guarantee you that you would make much much more such as 90 pip trades etc.

Also = Answers to your questions emailed to me.
Raj: Your question was how did I time my exit so perfectly. and that I mention M1 in some of my post. Its our EUR/USD Strategy. We used two charts to time our entries and exits. It could be Lord of Chaos' Mercy for my timing that day, LOL with a little bit of wave counting. Click here please.

Since I was not trading this day but had an hour to spare I sat at NY open and saw a possible 3rd wave to the left, ie. London Session, I targeted getting into the 5th wave of M5 using First bar of AO setup on M5 and timing it with 1-2 situation on M1. I did MM, (money management) and Trade Management on M1. (Consecutive candles trail. ) The result 1:1. not bad. You can see the advantage of 2 fractal trail on the m1 chart.

I hope you enjoy the rest of the day.




Edited: 14.44

While answering questions and updating blog (yes i have this bad habit of updating my journal and blog during trading hours) I saw a perfect saddle point. M1 trade.