Looked like a reasonable TC.. Nice job not loosing any pips. Euro/usd having trouble as well getting over 1.5015 area as well... usd could be ready for a move? who knows....

will do.... Thanks....

Risk — Hello, Would anyone happen to have a trade log to calculate the units (in Oanda) based on the specific pair and the stop size (risk)??? I would like to risk a set amount on each trade, so the unit size will vary with the size of the ...

yes quote=roy;1917816]Are the US markets open on Monday? roy[/quote]

Simple. Just get into MT4 and insert/fibs/retracement Then right click on a bottom (or top) of a candle and drag the mouse up (or down) the the top (or bottom) of the high or low. Then you can change the defaults and change the numbers to words, ...

Hi Eric, I would really appreciate you pointing me to where I can learn how to draw Fibs in MT4? Regards InForTheHaul[/quote]

Yours did show that nice tail. My 800 candle that day was simply a large down bar, followed by an up bar. Didn't see a lot of entry points and the pair was "dancing" about the 21.... However, it this case after the green candle broke the 21, a ...

Fibs and TL's are two different topics. There is a Forex Factory thread on Fibs: url Also read Maxter's post on this thread. MT4 will draw them. You can draw them off high's and low's once you establish the market has turned. Do this on multiple ...

Been a member of this thread since November and I can probably count on one hand the number of U/J trades Phil has made. Phil's rules are not absolutes on the MA's. Markets will do what ever the $$@#$ they want to. Just b/c a market breaks the 21 ...

I was hoping to hop on this one myself. Waiting for a a-b-c correction off the Sunday low. Got the A, but now "B" looks to be a full retrace and now a 4HR PB off the low (maybe the "C")???Expected a retrace of the "A", but not that big... Euro's ...

Written copy of 3/19/07 Daily Wrap up — Written copy of 3/19/07 Daily Wrap up

Ira, Nice chart. There was a support resistance line around 1.9950. That's probably why the market bounced higher there. That 1hr pb (1400) was a great entry on break below that s/r line.... Maybe we'll get a another shot, well see what happens at ...

Thanks, makes sense...

Thanks demoing already in the 4hr and 1day. Don't trade on with big news pending.... Where can I read these rules (35%, etc)... Thanks, Eric

Can't comment on the hung trade, but all spreads were high last night due to the events of the night... I watched the open and spreads were around 10 (USD pairs) even 1.5 hours after 6:30pm est...

Looks like a nice daily PB on the Eur/Usd.... Afraid to take it on, ahead of the FMOC meeting tomorrow...

Maybe support now on the 150ema or there is support/resistance around 1.9950....

Thanks Phil for running this. Also I wonder what the ROI would be if one continuously added to positions. Still stay at 1%, but for example on my broker I can trade Units, which can be adjusted daily, based on account balance.... In your example you ...

Best thing is to study the logs that Phil post at the end of the month (I know they are not real time), but he post the entry times so then you can get a feel by "back testing with the f12 key on first a 4hr chart, and then on the 1hr entries what ...

Fundies — Good article on Fundies (US Treasuries/Yen/Dollar and Commodities).... url