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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

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EURUSD

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  • Post #4,461
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  • Feb 22, 2008 6:20am Feb 22, 2008 6:20am
  •  sooperthug
  • | Joined Oct 2007 | Status: Member | 109 Posts
Quoting TIckerShuffl
Disliked
I just closed my long. from last night...err...hours ago. Taking the money and running. She could roll over any minute - you never know.
Ignored
ill let my trailing stop decide. If i had closed out when i felt it was going pear shaped i would have left about 500 pips + on the table.

wish i was trading with full lots but at the moment im testing with 10p lots
 
 
  • Post #4,462
  • Quote
  • Feb 22, 2008 7:38am Feb 22, 2008 7:38am
  •  xxDavidxSxx
  • | Joined Sep 2005 | Status: Full Time Trader | 1,780 Posts
Quoting Subdude
Disliked
I don't view taking any position as suicidal, provided your money management is sound. For my part, I have a small short position from 1.4800, and will settle for 50 pips - a profit is a profit. Barring some catasrophic event for the dollar in the next 12 hours, I think this is highly achievable.
Ignored
And where is this position now that price has reaches to 1.4850? If you had short at 1.4800 and 50 pips was the target, and your position survived then your s/l is the same as or greater than your target. If your target was 50 a good MM plan would have had your s/l hit, thus short was suicide. But if your position is still in a sound MM plan doesn't have s/l greater than target, and no s/l....well....

I have seen so many accounts and so many traders fail because of your stradigy. Its the most popular failing stradigy there is.

You'd have got that 50 pips if you had gone long at 1.4800.

But if your not here to learn then why?
 
 
  • Post #4,463
  • Quote
  • Feb 22, 2008 10:11am Feb 22, 2008 10:11am
  •  TIckerShuffl
  • | Joined Nov 2007 | Status: Member | 2,903 Posts
Divergence on hourly...

Longs look out of gas?

http://www.keefermedia.com/content/EURUSDDIVERGENCE.jpg
 
 
  • Post #4,464
  • Quote
  • Edited 10:35am Feb 22, 2008 10:23am | Edited 10:35am
  •  TIckerShuffl
  • | Joined Nov 2007 | Status: Member | 2,903 Posts
Subdude...Payday coming?

I am short at 1.4831 , not sure how low it will go, but this could be a turning point, but I will take 1.477
Closed long scalped 25 pips

Alright two decent trades in a row...gonna quit while I am ahead, God bless America....and my forex account.
 
 
  • Post #4,465
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  • Feb 22, 2008 10:40am Feb 22, 2008 10:40am
  •  kharvell
  • Joined Dec 2006 | Status: call me Kevin | 1,263 Posts
Easy Breakout trading in the last 40ish minutes..

+7% today
Attached Image (click to enlarge)
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  • Post #4,466
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  • Feb 22, 2008 10:43am Feb 22, 2008 10:43am
  •  michael7
  • | Joined Sep 2007 | Status: Member | 46 Posts
Perhaps the time when the dollar bottoms is when people hate the dollar the most. People really hate the dollar right now.
 
 
  • Post #4,467
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  • Feb 22, 2008 11:16am Feb 22, 2008 11:16am
  •  TIckerShuffl
  • | Joined Nov 2007 | Status: Member | 2,903 Posts
Kevin.

How do you implement the STD deviation in your trading? never tried that.
 
 
  • Post #4,468
  • Quote
  • Feb 22, 2008 11:47am Feb 22, 2008 11:47am
  •  de123
  • Joined Sep 2006 | Status: Member | 2,331 Posts
where is jacob when u need him..:,...i wona try with short 2 so i am gona be short at 14795, with sl 45 pips targeting the devils....if we go down,...othrwise no trade...
its just money
 
 
  • Post #4,469
  • Quote
  • Feb 22, 2008 12:07pm Feb 22, 2008 12:07pm
  •  kharvell
  • Joined Dec 2006 | Status: call me Kevin | 1,263 Posts
Quoting TIckerShuffl
Disliked
Kevin.

How do you implement the STD deviation in your trading? never tried that.
Ignored
Tickershuffl,

Standard deviation is not unlike having bollinger bands up on your chart. In fact, this is what bollinger bands are based off. Standard deviation is best used in lower timeframes to help you determine volatility. Generally, I will wait for low volatility, which usually translates to mean consolidation or a lot of support and resistance. Usually a good time to straddle and trade breakouts.

I have no set rules about how to use it. I just like to see how strong trends are relatively speaking.

Regards,

Kevin
 
 
  • Post #4,470
  • Quote
  • Feb 22, 2008 12:42pm Feb 22, 2008 12:42pm
  •  acidguy
  • | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
beware!!!!, this could be the run for 1.50 and above, omg ....

(also coincide with news in monday about the housing sector.
usa economy is crumbling. )
 
 
  • Post #4,471
  • Quote
  • Edited 1:34pm Feb 22, 2008 1:22pm | Edited 1:34pm
  •  Subdude
  • | Joined Aug 2007 | Status: If it walks like a duck... | 1,148 Posts
Quoting xxDavidxSxx
Disliked
And where is this position now that price has reaches to 1.4850? If you had short at 1.4800 and 50 pips was the target, and your position survived then your s/l is the same as or greater than your target. If your target was 50 a good MM plan would have had your s/l hit, thus short was suicide. But if your position is still in a sound MM plan doesn't have s/l greater than target, and no s/l....well....

I have seen so many accounts and so many traders fail because of your stradigy. Its the most popular failing stradigy there is.

You'd have got that 50 pips if you had gone long at 1.4800.

But if your not here to learn then why?
Ignored
I view this board as little more than a poll of opinions, not as a learning tool - for that I have a trading account.

Now, allow me to address your rebuttal. You can call me crazy, but I have decided not to use stops. The only thing a stop guarantees is that you lose money. Instead, I do my analysis and open a small enough position that allows me to average down in case my entry point was a little wrong. And yes, position size management is of paramount importance when employing this approach. Just because I didn't use s/l doesn't mean my MM is not sound.

In this case, I missed the entry by around 50 pips - no big deal, as I will now target 100 pip T/P instead. All this does is increase the lifespan of my position; I can wait a few days to make a few hundred $.

BTW, I have seen much worse predictions on this board than targeting a 50 pip drop; just last week jacobtrader predicted an imminent multi-hundred pip drop from around 1.4500... and he's a 1KT trader.

Oh, and another thing - it's strategy, not stradigy.
 
 
  • Post #4,472
  • Quote
  • Feb 22, 2008 2:53pm Feb 22, 2008 2:53pm
  •  xxDavidxSxx
  • | Joined Sep 2005 | Status: Full Time Trader | 1,780 Posts
Quoting acidguy
Disliked
beware!!!!, this could be the run for 1.50 and above, omg ....

(also coincide with news in monday about the housing sector.
usa economy is crumbling. )
Ignored
Notice how the majority is looking short.

There is a reason the majority of traders lose....

Stay in the minority and stay on the winning side.

150+ pips today/yesterday, and almost 500 for the month
 
 
  • Post #4,473
  • Quote
  • Feb 22, 2008 3:00pm Feb 22, 2008 3:00pm
  •  BoredToLoose
  • | Joined Apr 2007 | Status: Member | 2,303 Posts
Today was a 70 pip day, we can say a neutral day.

I will not predicting next Monday a nice drop, but for my trades 1.4770 it is enough.

My open trades, all shorts:
2 tiny at 1.4745 will close at 1.4770 with other trade, will be profitable.
- 1.4840 TP 1.4786
- 1.4837 this one SL at 1.4857, I already know that it will reach my SL, but for a possible bounce without see again 1.4855
- 1.4815 TP 1.4770

let's see if I am crazy to contradict this trend or maybe we will see a nice surprise

Have a nice weekend guys!
 
 
  • Post #4,474
  • Quote
  • Feb 22, 2008 3:06pm Feb 22, 2008 3:06pm
  •  de123
  • Joined Sep 2006 | Status: Member | 2,331 Posts
Quoting xxDavidxSxx
Disliked
Notice how the majority is looking short.

There is a reason the majority of traders lose....

Stay in the minority and stay on the winning side.

150+ pips today/yesterday, and almost 500 for the month
Ignored
acidguy and jacobtrade were calling short at 14500,..if jacob comes and calls for long, i swear ill short for my life,...
its just money
 
 
  • Post #4,475
  • Quote
  • Feb 22, 2008 3:10pm Feb 22, 2008 3:10pm
  •  Ash
  • | Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Quoting de123
Disliked
acidguy and jacobtrade were calling short at 14500,..if jacob comes and calls for long, i swear ill short for my life,...
Ignored

Humble Lifetime Member
 
 
  • Post #4,476
  • Quote
  • Feb 22, 2008 4:11pm Feb 22, 2008 4:11pm
  •  fayz0r
  • | Joined Mar 2007 | Status: UberFay: Lebanese FTW!!! | 156 Posts
Quoting de123
Disliked
acidguy and jacobtrade were calling short at 14500,..if jacob comes and calls for long, i swear ill short for my life,...
Ignored
hehe
Fay All Time Return: -98.7%
 
 
  • Post #4,477
  • Quote
  • Feb 22, 2008 5:01pm Feb 22, 2008 5:01pm
  •  Schminner
  • | Joined Jun 2007 | Status: Member | 939 Posts
Quoting de123
Disliked
acidguy and jacobtrade were calling short at 14500,..if jacob comes and calls for long, i swear ill short for my life,...
Ignored
 
 
  • Post #4,478
  • Quote
  • Feb 22, 2008 5:27pm Feb 22, 2008 5:27pm
  •  orbito
  • | Joined Aug 2007 | Status: Member | 21 Posts | Online Now
hello at all,
iám new here in forum for the last weeks.
what do you think about EURUSD? came it back to 1,4700 or 1.47500?
i have made i misstake and short them yesterday first at 1.4720 an than more after that going up.
with my new strategy for the last 3 weeks (chaos ao osc. indicatort - divergences with pivot support und resistence) i have wondered my self. that was no losses over 3 weeks and i have made from $2800 $7300 in 10 days with this strategy.

but my only problem is that i can not close at wrong trade. i try to make a profit trade from this.

if have found a great opportunity for my strategy at the AUDUSD für next week. big divergence with double topp on weekly bases!

if anyone interessted, tray to build small positions at the short side!

Thank you for your attention and sorry for my english, iám from german and my english ist not so good!

Greetings

Stefan
 
 
  • Post #4,479
  • Quote
  • Feb 22, 2008 5:47pm Feb 22, 2008 5:47pm
  •  charlinks
  • | Joined Jul 2007 | Status: Neural Network Trainer | 389 Posts
Quoting orbito
Disliked
hello at all,
iám new here in forum for the last weeks.
what do you think about EURUSD? came it back to 1,4700 or 1.47500?
i have made i misstake and short them yesterday first at 1.4720 an than more after that going up.
with my new strategy for the last 3 weeks (chaos ao osc. indicatort - divergences with pivot support und resistence) i have wondered my self. that was no losses over 3 weeks and i have made from $2800 $7300 in 10 days with this strategy.

but my only problem is that i can not close at wrong trade. i try to make a profit trade from this.

if have found a great opportunity for my strategy at the AUDUSD für next week. big divergence with double topp on weekly bases!

if anyone interessted, tray to build small positions at the short side!

Thank you for your attention and sorry for my english, iám from german and my english ist not so good!

Greetings

Stefan
Ignored
Stefan take it from me... take your money out and only play with $1K-$2K. you can get wiped like no other. From the sound of it you get happy with winning trades and close them for profit but when they are losing you stay in trying to turn it around.

MONEY & RISK MANAGEMENT IS THE NAME OF THIS GAME! NEVER RISK MORE THAN 3% OF YOUR ACCOUNT BALANCE!

Believe me you can easily lose it all before you know it if you don't know what you are doing.
 
 
  • Post #4,480
  • Quote
  • Feb 22, 2008 6:05pm Feb 22, 2008 6:05pm
  •  orbito
  • | Joined Aug 2007 | Status: Member | 21 Posts | Online Now
your are right but i think i can turn it to prifit trade at the EURUSD. i have risk and money management and trade only 10% * leverage from my money that i can take many lots if one trade get wrong.

thank you for writing
stefan
 
 
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