taseerraza

@HalcyonTrader Hi, Been following you for quite a while now. I must say excellent work you have. I was wondering what your terms mean such as 'v' and 'rr' and 'dp'

HalcyonTrader
HalcyonTrader Jan 31, 17 11:09 PM

DP = daily pivot point. RR = Role Reversal (you can google that one, basically support becomes resistance and vice versa). V = Something I made up but basically is the origin of a strong move, preferable looks like a V for long and a ^ for short (I call both a V)

taseerraza
taseerraza Feb 05, 17 2:50 AM

ah okay. Very nice. Thank you

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HalcyonTrader

@Fatbeetrader Congrats on $1M profits on profit.ly! :) You have been a big inspiration to me over the past couple of years and hopefully many more to come. Big congrats!!

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maxherehello

@HalcyonTrader Hey, this 1R 2R 3R Entry Stop-Thing. Is it a modified Fibonacci-Tool? I don't yet understand how you use it. How does it work?

maxherehello
maxherehello Apr 04, 16 3:22 AM

Okay, Fibonacci at itself i do understand. It seems, as you use it in a special way, like on one candle only, is it right? And for price projection. I know how to use it for retracements so far.

HalcyonTrader
2
HalcyonTrader Apr 04, 16 4:30 AM

no i don't use it as the fib tool at all - its just a series of lines that are equal distance from each other. thats all, nothing else.

maxherehello
maxherehello Apr 04, 16 4:36 AM

Ahh i found it, thanks! So its Fibonacci Expansion

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taseerraza

@HalcyonTrader Also how do you know when to take 1r, 2r, or 3,4 r profit? Since you are doing this on a lower time frame and the volatility involved when you you bring stops to be?

HalcyonTrader
1
HalcyonTrader Feb 12, 16 7:11 AM

I look for any excuse to TP. A pivot or support or resistance. I know the 15M very well - for me its not all that volatile but I don't recommend it for newbies. You have to get feel for how far you can push it.

taseerraza
taseerraza Feb 12, 16 1:01 PM

Hmm sounds good. And how many pips into profit do you bring stops to BE?

HalcyonTrader
HalcyonTrader Feb 15, 16 5:31 AM

not a fixed amount of pips - once the market has moved away from my entry and it shouldn't come back. This one is play by ear.

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taseerraza

@HalcyonTrader What is your entry setup?

HalcyonTrader
1
HalcyonTrader Feb 08, 16 4:50 AM

Thanks, but i feel like I still have a way to go with discipline - been trading fx for 2 1/2 years; trading stocks b4 for many years.

Fatbeetrader
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Fatbeetrader Feb 09, 16 2:59 AM

cheers mate, glad your taking advantage of it and more importantly putting it to use with your own style!

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