So I took off that GBP/CHF trade prior to the "stress test" -- I don't need the headline risk / headache risk.
Have a great weekend everyone!
Have a great weekend everyone!
Silent room 2 replies
Silent Success of Patience 10 replies
My silent journal 4 replies
bo7a method... method for GBP/JPY 205 replies
Seeing Through the Silent Crash 4 replies
DislikedPick a number between 3 and 400, put that MA on a chart and I bet you will find that it acts as s/r, whatever the number.Ignored
DislikedThe problem with MA's for s/r is that they aren't as reliable as they first appear.Ignored
DislikedNot knocking what you're doing, just expressing my opinion, if it works for you then why not use it?Ignored
DislikedDepends how you use them.
I have 100,200 and 365 on all my charts but I use the mainly for trend following.
What I look for is PA around any of my MA's - For example in the USDCHF down trend of the last few weeks I look for price to pull back and touch the MA. If it fails at 100 I add to the position if not I don't - then I watch the 200 then the 365.
If the 100 gets me in I use the 200 as a stop.
Its not quite that cut and dried - much more discretion but thats the gist.Ignored
DislikedYes that is true.
I believe that this is the case with all indicators. You have to learn how to use them properly.
I disagree with this statement. I have found the MA's to be very useful over the years.
I think the MA's, the way I use them are going to be a perfect addition to the tools I have learned here.
When I look at the information that the MA on this chart is giving me, I see nothing but useful information.Ignored
DislikedYes that is true.
I believe that this is the case with all indicators. You have to learn how to use them properly.
I disagree with this statement. I have found the MA's to be very useful over the years.
I think the MA's, the way I use them are going to be a perfect addition to the tools I have learned here.
When I look at the information that the MA on this chart is giving me, I see nothing but useful information.Ignored
DislikedI think what he is getting at is this: Do you need the EMA to tell you it's in a downtrend?Ignored
DislikedNo.
But I don't use the MA's to determine trend. I use them as SR.Ignored
DislikedThe EUR/USD is forming a doji for the week....as I write this, we are up 26 pips.
With everything that has been happening, and this little changed - shows me we are still dikering around with summer blahs.
Of course, let's see what happens during the European and Asian session Sunday night/Monday night.Ignored
DislikedJust heard a brilliant observation on CNBC. (I am cleaning the office.)
"The individual investor has been M.I.A., I think that will continue until we see jobs being created."
Give that froggy-voice little troll a Nobel Prize!
lolIgnored
DislikedHi
Just a question if u don't mind about e/u
What price if u seen u might change u r mind and start to think buy e/u?
Happy weekendIgnored
DislikedHi
Just a question if u don't mind about e/u
What price if u seen u might change u r mind and start to think buy e/u?
Happy weekendIgnored
DislikedI understand that as well. I used to use them, found them to be to arbitrary. But like the man said - if it works.....might as well.Ignored
DislikedHave you entered or are you waiting for a break of the low?
I am waiting for a break of the low.Ignored
DislikedNo, I'm in already. I can see why you might want to wait for the break of the low but I think it will go down next week so why not get in now and have the extra pips? Of course if it just goes up next week then I will look silly but I've long since worried about that.Ignored
DislikedMy strategy now is to take lots of small losses in the region of 100 to 500 pips and when I catch a big weekly trend with judicious add ons I'll be banking 1000 to 5000 pip trades.Ignored