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- 89 Results (1 Threads, 88 Replies)
- beam replied Jan 9, 2011
The "System" — When I started with my EU1H "System", it was all aimed towards trending markets. There was no boundary between ranges and trends. Therefore, I suffered 5 consecutive losses. Totally unnecessary. Remember my post where ...
- beam replied Nov 29, 2010
When I get rich I'm gonna have my own heated pool... image
- beam replied Nov 22, 2010
EU1H System Summary — Hi *, I've finally got time to explain the "system" I follow on the 1H. Not in great detail... but anyway... This is better than nothing, I guess. The blue line is a 24MA and the brown one is a 48MA. On the first chart ...
- beam replied Jun 3, 2010
image Since the 24th of May, the market has been quiet and dull. Especially this week has been disappointing with absolutely no trading at all. I am a bit surprised that I'm not frustrated. That's good! I know I've got a system that works and ...
- beam replied Jun 1, 2010
No new opportunity around this corner... The market is really ranging now. No good deal for a trend trader... Have a look at this daily chart. It's consolidating against the horizontal support @ 1.22. image
- beam replied May 31, 2010
Sidelines — The market movements are so small in its sideway direction. I'll stay out and will not enter unless a clear direction can be spotted. Taking on a trade now would be nothing else but gambling. image
- beam replied May 30, 2010
Possible trade and I'll probably be asleep... 11:28 pm here... Possible entry at 1.2254. SL unkown so far. image
- beam replied May 25, 2010
Trade 20: Evaluation — Well, 126 pips is an awful lot of pips to earn for not following the exit rules... image
- beam replied May 25, 2010
First Break — The first break down through the MA's seems to offer far more momentum and safety. I have looked back several months, but will do more research before I use it as an entry. image
- beam replied May 25, 2010
Trade 20: Active — I am waiting a new lower high to lower my risk. image
- beam replied May 24, 2010
Trade 20: Started — Trade opened manually at 1.23615. Initial stop @ 1.2415. image
- beam replied May 19, 2010
Trade 20: Pending — Sell stop @ 1.2142. Initial stop loss @ 1.2223. image
- beam replied May 18, 2010
Too tired. The time is 11.53 here in Sweden. Hope I don't miss the trade during the night. beam image
- beam replied May 18, 2010
Man, it's going down! Fast! You would have to go down to a 5min chart to spot a retrace in this move. I'm waiting for a retrace on the 1H. beam image
- beam replied May 12, 2010
Trade 17: Changed — SL moved to 1.2663 (previous high). 59 pips profit locked in. This is the best part of trading. Profit locked in, but the trade is still active. I come to think of the last minute of the movie "The Perfect Storm" when you ...
- beam replied May 11, 2010
Trade 17: Active — I didn't move the stop down to 1.2746 earlier today. Figured it was going into a consolidation and the risk was less than 0.5% (1% when the trade started). So... the trade is still on, but was only 9 pips from getting ...
- beam replied May 10, 2010
Trade 17: Pending — A minute ago I placed my orders. The market has broken below the MA's (= trend is down on 1H), has retraced during Sydney and Tokyo sessions and has now resumed the trend down. Sell stop entry at 1.2722 with initial SL at ...
- beam replied May 10, 2010
image It might break below soon. I'm there... Patiently waiting... beam
- beam replied May 7, 2010
Hmm, I think I see where we're going... Below is a EURUSD 1H chart with two moving averages. Blue is 24 hours and green is 48 hours. When the price is below the moving averages the trend is down, and vice versa. In between theres no clear direction. ...
- Trend trading is simple?
Earlier today I posted this in my journal thread Watch the rise (or fall) of a trader gone naked. I ...