DislikedThanks, keeping an eye on this chart, lets see where it goes, fundamentals on Eur seem pretty dim at the moment.Ignored
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DislikedThanks, keeping an eye on this chart, lets see where it goes, fundamentals on Eur seem pretty dim at the moment.Ignored
Dislikedu either need to trade fundamentals or technicals...if u try and trade both, u will remain stuck and not go anywhere....Ignored
DislikedI totally agree with you on that, I'm too cautious I guess and that sometimes leads to my downfall.
Anyhow, do you reckon we'll hit 1.3250 today?Ignored
DislikedI totally agree with you on that, I'm too cautious I guess and that sometimes leads to my downfall.
Anyhow, do you reckon we'll hit 1.3250 today?Ignored
Dislikedindeed.....lets see what happens....if it falls i will add one more position....Ignored
DislikedAre you basically buying at support in the direction of the indicated trend? I used to trade daily charts exclusively and I can see the logic of your method but looking at the higher timeframes I'd rather be short eurusd at the moment if I was going to hold it long term.Ignored
Dislikedyes...all that i do is determine the trend...if up, i buy at supports, sell some of them at resistances...then load again at supports...i keep doing this over and over again....boring but i make money....
not sure which timeframes u r talking abt...it would be better if u can post a chart and explain....my daily system shows the trend is up, so i will stick to it until i am proved wrong, which will happen when 1.3000 is broken....Ignored
DislikedMy weekly chart shows that 1.30, although a large round number hasn't really acted as strong s/r historically, only recently. The momentum is down on the stochs and I like the look of the fibonacci study on the daily. That's a 200 ema too. Adding it all up I feel more bearish than bullish. Of course I could be completely wrong.
Like I said before I can see the logic in your method and I believe it is a money making system, I just won't be following it on this leg of the trend.Ignored
Dislikedtrue but recently 1.3030 has acted as a very good resistance on the way up and support on the way down...so for me, that will be key....i dont know whats there but whatever is there is holding it up very well...maybe there is a DNT option at 1.30 which is huge....really dont know...but thats key for me...
i do understand your point about the weekly and yes, we can say that the weekly overrides the daily....but then i switch to the monthly and what do i see? a pin bar in january...a dip down into the top of the bar in march which has been met by...Ignored
DislikedYou're right to stick to the plan, when you get it right you will make good money and the times when it doesn't work out will be minimal.
For anyone reading this, this is a good method and it is worthy of study.Ignored
DislikedYou're right to stick to the plan, when you get it right you will make good money and the times when it doesn't work out will be minimal.
For anyone reading this, this is a good method and it is worthy of study.Ignored
Dislikedand thanks for the endorsement and nice to meet u...havent been around here much over the past year and so i guess i havent seen much of u...:-)....Ignored
Dislikedpicking up long here...with SL at 1.3000....again MM is the key thing here....even if its goes down, i lose only 0.5%....Ignored
DislikedDear Karthik
I like ur plan I too a long term trader and a big fan of moving ave. I too took long trade today at1.3085/and 1.3075 with target 600 pips and sl 300 pips. Hope my sl will not hit and as u said if sl hit also I will follow my plan. As you said market is not our hand but we can plan our trade.
Anyway thanks a lot, ur plan gav me more confidence. Kindly continue update.
PradeepIgnored
Dislikedthats great...its very difficult for someone, especially a new trader to stick to longer timeframes as they tend to want pips very quickly rather than wait for 2-3 weeks to get 600 pips.....they want 20-30 pips very quickly but they actually end up losing 40-50 pips.....but i am very happy that u trade longer timeframes...lets see what happens...:-)Ignored