- Search Forex Factory
- 173 Results
- maxster replied May 19, 2008
Current EUR trade — I am noticing some are trading short term timeframes - I on the other hand have started planning trades mainly from the daily chart because I am no longer able to sit in front of the PC - nor do I want to in the future. I ...
- maxster replied May 18, 2008
In terms of current condition before entry it was very simple - we were in a triangle - I wanted to enter near the extreme of the lower range. I used the following to pinpoint the price where the lower extreme may be. 1. The 138% Ext of the previous ...
- maxster replied May 16, 2008
At which circle hint would you say price is about to range? For me I was expecting price to range on the daily chart after the first red circle between 1.5550 and 1.5340. Just watching the S/R levels and price will indicate this.
- maxster replied May 16, 2008
Ira, I sent you a PM so I don't confuse the newcomers. But I couldn't attach the chart so here it is.
- maxster replied May 16, 2008
No trades for 4H MACD due to lag. But how about understanding what price is doing therefore entering a long trade at the lower triangle extreme? Long from 1.5430 - positioned at BE for an upside breakout. Maybe the cow comes alive today and go long ...
- maxster replied May 16, 2008
In order to trade successfully in the long run you must be able to see what price is doing and be in sync with it. When price is coiling in and ranging you can pretty much throw the MAs away because they will be flat and meaningless. Look at my ...
- maxster replied May 15, 2008
4H EUR — If you need pips trade the lower timeframes. But taking trades on the 4H MACD right now is like trying to milk a dead cow - wait for the breakout.
- maxster replied May 13, 2008
I get confused looking at your chart because there are so many fibs. I still have the Intraday from a couple of days ago in play as the support levels are still respected. If price closes above the intraday long again & bouncing from the last swing ...
- maxster replied May 9, 2008
I will be more selective as to which trades I will post in the future as the new ones will be confused. And the trade is very indeed against the 4H movement in terms of the MAs but in tuned with the 1H MAs. I mainly elected to show this trade ...
- maxster replied May 9, 2008
EUR Trade — Again EUR had a bullish move within a correction of the last 4H price drop from a couple of days ago. This is again a smaller timeframe 1H trending move so I was very conservative with my profit target. If I was watching the market ...
- maxster replied May 8, 2008
Through actual recent personal experience I can say that once you truly understand price rhythm/movement/flow your trading and understanding will skyrocket. Without this understanding there is sometimes doubt and confidence issues - where negative ...
- maxster replied May 7, 2008
Todays EUR was a very good example of using a short term strategy while waiting for the 4H to line up. I was watching the swings also expecting price to turn need the 365 MA but it never did but while watching I also did two short scalps that made ...
- maxster replied May 6, 2008
Out of tune today — Boy I am out of tune with the market movement today - good thing I didn't put on any trades. From now on I am not trading if I am not feeling well - I even overlooked the thing I look for day in day out - price bouncing ...
- maxster replied May 6, 2008
Price just went down 80pips then up 80 pips that is risky ranging movement I would wait for clarity ..... You can't just look at the MACD and use R:R to filter signals - watch price itself and its movement and rhythm then use MACD as trigger with ...
- maxster replied May 6, 2008
GBP Early Entry — I have done extensive backtesting with 1H early MACD entries and have concluded that it is too unreliable. What I look for is beautiful rounding of price movement during the pullback. And enter when the 15MIN swings shift ...
- maxster replied May 6, 2008
It is really not about fibs - it is about understanding the price movement and how price flows. I have included my daily chart below. If you can clearly see this movement of price going from trending to corrective where to draw the fibs is very very ...
- maxster replied May 5, 2008
GBP Trade — I was eyeing the 1.9700 price level since late Friday and today I was ready to take a quick breakout short trade if the opportunity arises. I was not comfortable taking trades above this support level as TC but waited for level to ...
- maxster replied May 2, 2008
I didn't enter any trades today due to NFP. The above post was just some info regarding the GBP short that people took and how I was following the price and why I would not even consider a short. I usually like to see pullbacks more steady and ...
- maxster replied May 2, 2008
Wow above statement just shows how traders view the market 180 degrees from one another. The fibs are telling me the following - 1. Very clear bounce on the 62% show 1H/4H price swing momentum is still to the upside. This should flag a warning about ...
- maxster replied May 1, 2008
EUR Question — Bo, Yesterday I shorted the EUR on the break of the intraday low but it failed to reach its T1 and I was able to get out at BE after a few hours. After yesterday's rally I was thinking price was going to range and a low may be ...