strategy to trade future.

Quote from pismo10:

Not sure what to do with the info on this thread. Entries only leaves me with many too many variables. Any suggestions?

Thanks
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charle

Registered: May 2006
Posts: 891



03-17-09 01:32 AM
Quote from chicagobuy:

charle,

Could you tell us whether it is a 15 min chart you are looking at or a 1hr time frame chart. Since they both have different support and resistance. Since it will also help me to put proper stops and targets.

Thanks,
Chicagobuy


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I mean EURO will long tens to handred PIP or more when I post long EURO/USD , if my expectation's right or vice versa then factors you have to discuss are your account size , trading size , affordable loss , these factors should optimize to time frame of trading chart which may be 5-15-30-60 or 240 Mins time frame.

Everone have their own destiny.
 
Thai Trader

Sun Apr5 2009_2355 NYT =Short EURO/USD


Open position / Take profit /Stop loss levels set by yourself base on beside resistance/support zone.
 
Quote from charle:

Thai Trader

Sun Apr5 2009_2355 NYT =Short EURO/USD


Open position / Take profit /Stop loss levels set by yourself base on beside resistance/support zone.
More...

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Result 15-Min Period.
 

Attachments

Quote from musclext:

Charle,I think you misplaced the red dot on your chart!?
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I correct , it 's around 1.3570 A little pips error in red dot if it had . My goal tens to a hundred pip or more.
 
Quote from charle:

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I correct , it 's around 1.3570 A little pips error in red dot if it had . My goal tens to a hundred pip or more.
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Charle, your stop , how many pips away from the enter do you place it?
 
Quote from charle:

Thai Trader

Sun Apr5 2009_2355 NYT =Short EURO/USD


Open position / Take profit /Stop loss levels set by yourself base on beside resistance/support zone.
More...

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Result Another Result.
 

Attachments

Thai Trader

Mon Apr6 2009_1300 NYT =Long EURO/USD


Open position / Take profit /Stop loss levels set by yourself base on beside resistance/support zone.
 
Quote from musclext:

Charle, your stop , how many pips away from the enter do you place it?
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I intend to post my expectation of long or short of EURO/USD , if I right , so as to easy for you all to open , set stoploss or set take profit positions which better than you don't know which ways it will be but I can't make everyone rich because they have their own destiny then I suggest you to discuss these factors to process in trading by yourself.

1)Your Acc size
2)trading size
3)Affordable lost

And select the proper time frame , may be 5-15-30-60 mins period of charts , draw many lines of R/S then wait to open long at supprort level and and take profit at resistance level or vice versa but I recomment you to take profit at the adequte amount of pips which show that you have no greed will better. If you do that you will nearly earn every time you trade.
 
It has been a long time since I've looked over here at elite trader.

Nice to see the best trader on the site still hard at work!

What the Thai Trader is doing is so simple, you'll get sick once you see it. Trade after trade he is telling you the "secret". Support and Resistance, and taking trades off of these areas when it is sensible to do so. With smallish stop losses to I'd guess. You won't win every trade, but as you notice, you will win the large majority of them! And it works on multiple time frames too.

So - what makes a S/R weak or strong? That is what you'll need to learn.
 
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