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jmiyake · 98 · 15012

jmiyake

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on: Jan 28, 2012, 02:44 PM
Feel free to share, comment, learn, etc...

Post Merge: Jan 28, 2012, 03:01 PM
This is a sample of the AUDJPY carry trade



Entry 1 is the primary position while Entry 2 is for intra-day trading. Once the 2nd position settles, you can make another secondary position.

No need to close the primary trade until TP or SL is hit. Earn the swaps and gain the TP along the way...
« Last Edit: Jan 28, 2012, 03:01 PM by jmiyake »


ferrariEverest

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Reply #1 on: Jan 29, 2012, 04:53 AM
Sir,
fib & MA lang ang ginagamit mo na indicator?
yung initial SL mo, static ba yan regardless kung ano mangyari?

good to see another thread :D


jmiyake

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Reply #2 on: Jan 29, 2012, 08:27 AM
Sir,
fib & MA lang ang ginagamit mo na indicator?
yung initial SL mo, static ba yan regardless kung ano mangyari?

good to see another thread :D

Yes, Fib and MA ang constant, sometimes RSI or MACD depending on the urge to do intra-day trading...hehehe

The initial SL is static, that is why I do sub-trades to take advantage of the market movements. This takes a lot of patience because you can only take one position which BUY/LONG
« Last Edit: Jan 29, 2012, 08:31 AM by jmiyake »


Lightwind_99

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Reply #3 on: Jan 29, 2012, 12:40 PM
join ako sa topic :D ask ko lang what are the conditions if you have a signal to buy or sell. though nakikita ko na kung paano pero its best you elaborate it with us pra din sa mga baguhan :)


jmiyake

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Reply #4 on: Jan 29, 2012, 03:06 PM
join ako sa topic :D ask ko lang what are the conditions if you have a signal to buy or sell. though nakikita ko na kung paano pero its best you elaborate it with us pra din sa mga baguhan :)

As a rule of thumb, You buy/sell "near" the S and R level, para in case the market goes against you konti lang ang aabutin para ma trigger yung SL mo. For the secondary entry point, the signal to Buy was the cross(star) following the red candle with no tail. Meaning the selling power was already exhausted..

and looking at the right most part of the chart, you can see that a shooting star has formed, followed by a red candle...It would retrace back to the 200-sma (80.xx) and try to go back up again trying to break the 1.618(da Vinci :D) level.
« Last Edit: Jan 29, 2012, 03:26 PM by jmiyake »


Lightwind_99

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Reply #5 on: Jan 29, 2012, 06:05 PM
karaniwan what timeframe do you use?


jmiyake

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Reply #6 on: Jan 29, 2012, 06:37 PM
karaniwan what timeframe do you use?
From daily down to 15-min. Daily for trending analysis. 4hr, 1hr for confirmation, 15 min for intra-day trading


Lightwind_99

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Reply #7 on: Jan 29, 2012, 06:57 PM
i see, magandang approach yan MTF din style ko with lower TF as entries and exits. this coming week lets do some paper trading para masanay din ako sa carry trades, di ko kasi forte yan :D

lets do some analysis and trade, what pair should we focus on?


jmiyake

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Reply #8 on: Jan 30, 2012, 07:16 AM
i see, magandang approach yan MTF din style ko with lower TF as entries and exits. this coming week lets do some paper trading para masanay din ako sa carry trades, di ko kasi forte yan :D

lets do some analysis and trade, what pair should we focus on?

feel free to share your trading style.

Anything under the sun...lols


Lightwind_99

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Reply #9 on: Jan 30, 2012, 11:29 AM
ok thanks :D

I'll post later if may nakita akong potential trade and analyse natin kung pwede tayo mag buy or sell..consequently kung maganda yung trend lets do carry trade. in the event of major reversal paki guide din the proper approach for minimal loss and perhaps re-entry kapag bumalik yung market sa trend.

Maganda pag aralan yung trading style mo para maka-add din ng ibang strategy sa system ko. i will also share my trading style in the process. Thanks again


jmiyake

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Reply #10 on: Jan 30, 2012, 12:36 PM
ok thanks :D

I'll post later if may nakita akong potential trade and analyse natin kung pwede tayo mag buy or sell..consequently kung maganda yung trend lets do carry trade. in the event of major reversal paki guide din the proper approach for minimal loss and perhaps re-entry kapag bumalik yung market sa trend.

Maganda pag aralan yung trading style mo para maka-add din ng ibang strategy sa system ko. i will also share my trading style in the process. Thanks again

Actually that is a very good question. 90% of traders fail because of this.
Yung feeling na tama naman ang TA mo kaso bakit parang bumaliktad yung market sayo. Isang sagot dyan is "SPECULATION".


About naman dun sa "What would be the proper SL and re-entry points in case the market corrects itself".

-SL would be the Highest high(if selling)/Lowest low(if buying) on the Daily time frame readily visible on your chart. Be careful of your available margin, it might not be able to handle the floating loss.

-re-entry must be with the trend. Generally it would be on the "correction stage"


krissy

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Reply #11 on: Jan 30, 2012, 01:15 PM
anybody who has attended Forex Orientation "How to Navigate the Forex Platform" by ForexClubAsia?
« Last Edit: Jan 31, 2012, 01:41 PM by FutureGizmo »


Lightwind_99

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Reply #12 on: Jan 30, 2012, 01:30 PM
Do you resume trade only when price is above or below the 200 sma? i'm not a fan of MA's but i heard most traders use the 200 sma as a filter.


jmiyake

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Reply #13 on: Jan 30, 2012, 02:15 PM
Do you resume trade only when price is above or below the 200 sma? i'm not a fan of MA's but i heard most traders use the 200 sma as a filter.
Actually, dati I trade using only MA's as my indicator yan ang pinaka-una kong natutunan. The only disadvantage of MA is that it is a "lagging" indicator but a very good and accurate one.


About your question, as you may have noticed the 200-SMA and the candle are almost always apart from each other and converge at a certain point. If you have patience, antayin mo yung convergence/divergence point and by following the trend (if UP trend buy above; if Down trend sell below) the 200-SMA


ferrariEverest

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Reply #14 on: Jan 30, 2012, 06:17 PM
anybody who has attended Forex Orientation "How to Navigate the Forex Platform" by ForexClubAsia?
that's an unnecessary waste of money.
pwede naman pag-aralan ang trading platform on your own.
u can ask me/us for FREE, lalo na kung tungkol sa metatrader 4 platform

saka lahat ng platform ay may USER GUIDE


Post Merge: Jan 30, 2012, 06:20 PM
Quote
Actually, dati I trade using only MA's as my indicator yan ang pinaka-una kong natutunan. The only disadvantage of MA is that it is a "lagging" indicator but a very good and accurate one.
pwedeng lagging or leading ang MA, depende sa paggamit at pananaw nyo.

btw, natural lang na mag-lag ang MA (& lahat ng price-based indicators) dahil derivative lang sya ng price.
« Last Edit: Jan 30, 2012, 06:21 PM by ferrariEverest »


 


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