High probability price action by Dr Cornelius

[oilfxpro]

Quote from cornixforex:

By "keep an eye" do you mean that you would exit for a small loss manually?

yes

 

[cornix]

Quote from oilfxpro:

yes

Oh, that's different story then. When I was referring to "tight stops" I meant the principle of cutting the trades going against you quickly, doesn't matter with use of "hard stop" or manually.

 

[oilfxpro]

Quote from oilfxpro:

It would not have made any difference if I place stops 100 pips away, cause we keep an eye ....there is no benefit IMHO.I listen to you guys , and one or two tips from Ammo and No Doji and others have helped , but I still enjoy the argument.

Here is something I learned from three people , it helped in this set up.

Thanks Guys.

This is why I give to the community , I am being grateful.

One other indication was the momentum on 1 minute was strong,if I had put in a stop of less than 15 I would have been taken out of a good trade. 20 pip works well for me.

 

[oilfxpro]

We now have a double bottom and long at 1.3148 stop 20.When price retraces to previous support ,it is a confirmed support.

 

[oilfxpro]

Dr Cornelius want to go long at 1.3160 because there are a lot of short stops above the price and we want to get them running and buying

 

[oilfxpro]

A cup and handle formation on Euro /usd



http://www.investopedia.com/terms/c/cupandhandle.asp#axzz1kUA1UiuP

 

[clightmarathon]

Quote from oilfxpro:

A cup and handle formation on Euro /usd



http://www.investopedia.com/terms/c/cupandhandle.asp#axzz1kUA1UiuP

Nice one. But did you short the handle?

 

[oilfxpro]

Quote from clightmarathon:

Nice one. But did you short the handle?

This is a high probability thread.No.

You do that on other threads.

 

[zedDoubleNaught]

For these 2 posts, I had a question:
...
01-26-12 04:02 AM

We now have a double bottom and long at 1.3148 stop 20.When price retraces to previous support ,it is a confirmed support.

01-26-12 04:43 AM

Dr Cornelius want to go long at 1.3160 because there are a lot of short stops above the price and we want to get them running and buying
...

Did you go long at 1.3148 or 1.3160? Or both? It looks they were both would have worked out, and what was the exit?

thanks

 

[oilfxpro]

Quote from zedDoubleNaught:

For these 2 posts, I had a question:
...
01-26-12 04:02 AM

We now have a double bottom and long at 1.3148 stop 20.When price retraces to previous support ,it is a confirmed support.

01-26-12 04:43 AM

Dr Cornelius want to go long at 1.3160 because there are a lot of short stops above the price and we want to get them running and buying
...

Did you go long at 1.3148 or 1.3160? Or both? It looks they were both would have worked out, and what was the exit?

thanks

I went long on both and came out at 80 on one for+ 32, second at b/e or 1.3160 b/e.

First exit was a mechanical target of 30/stop 20.