Thread: Trading Against Yourself Stragegy TAYS

inside this pic I drew yellowish trendines with a white arrow showing the diver in advance that's highly likely to generate a long to the upper channel in the pic.

Although trading against yourself I believe has merrit, there are a number of setups that just work most of the time. This is.

As this is a diary of trading I would not chance this trade .

Okay I'm pretty certain this one should be a loser but let's see.

SHORT GBPUSD
1.50240
SL 1.51160
TP 1.48000

I am afraid I may have chosen a TP too much off but encounter win or lose I will leave it this moment.

Originally Posted by ;

Ok I am pretty sure this one should be a loser but let's see.

SHORT GBPUSD
1.50240
SL 1.51160
TP 1.48000

A moments reflection from As a man thinketh by James Allen

Mind is the Master power that moulds and makes,
And Man is Mind, and evermore he takes
The tool of Thought, and, shaping what he wills,
Brings forth a thousand joys, a thousand ills:-
He thinks in secret, and it comes to pass:
Environment is but his looking-glass.

CHANGING SL TO BE A FEW
TP 1.50150

Since this trade is nicely into profit, I do not want it to become a loss therefore reseting SL to BE 1 or two pips.

Since this trade is in profit and may return up at anytime I chose to quantify fe on last fractal and from that point I'm giving the trade 10 pips and spread =14 pips over that fe line. This wll still leave a decent profit on the transaction should it not complete the original trade TP whilst still giving it room to breath; the dashed line indies the new SL degree.

My stress is that should price go over the incline line there is a good chance it will continue maybe strongly.

On another note, if I just happened onto this chart I would say to myself... hmmmm that looks like it is going long for me personally... so then I'd brief it directly So if that is the case then that may very well complete the original profit goal.... Lets watch.

Ideas anybody?

Setting TP to 1.48990 (not shown in the pic below )

Now is not this a treat! I was so darn sure that this eurusd chart would go up in price I didn't even wager against it ha ha ha. Look at what actually happened up to now. If I had stuck to the program I'd have been in nice profits on this particular trade Trading AGAINST Myself! Notice the little white up-arrow revealing where I called price would continue higher based on the diver only preceeding it.

Originally Posted by ;

In this pic I drew yellow trendines using a white arrow revealing the diver in progress that's quite likely to generate a near the top station in the pic.

Though trading I think has merrit, there are a number of setups that just work most of the time. This is one of them I think.

As this is a diary of trading against myself I wouldn't chance this trade .

I am currently checking out USDJPY here.

The 4hr reveals:
HA.... Long
Slope.... Long
Stochastic Long
Snake....Long
MACD isn't commited though. Hmmm better wait a little.

ok we touched the BE SL and shut in a decent profit on this trade.

two for 2 so far and one I took before beginning this thread.

Okay I'll be looking out for the next potential trade.

(sorry, had to delete the last message because I posted the wrong jpg)

okay let's try this one.
Stochastic is hooking down the shi lines are down however, the snake is upward. Not sure I like how the slopes are up but what the hay anyway.

LONG USDJPY 93.054
SL 92.065 (FE 61.8 4) 92.105 (spread 1)
TP 94.860 (FE 100.0 -4) 94.820

LONG EURUSD 1.26340
TP 1.28000
SL 1.25900

according to:
stochastic hooking down
macd hooking down
shi down
snake down