Whats going on with the EURO/USD? I have a short in at 1.3009. But I don't feel comfortable with this one.
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I just got home and saw the replies about an Eur going upwards and when I had a look I could not believe what I have written. I must have had the UsdYen in mind as that was the one we were taken out. The strategy clearly shows a round top as well as a double top off resistance so it was very obvious that a downmove was on the cards. My mind was definitely not by what I was doing. It won't happen again.
I am going to stick to only the EurUsd and the GbpUsd as they are the ones I have tested. I am not going to give signals on the other.Ignored
DislikedWhats going on with the EURO/USD? I have a short in at 1.3009. But I don't feel comfortable with this one.Ignored
DislikedA wealthy old lady decides to go on a photo safari in Africa, taking her faithful, elderly poodle named Cuddles, along for the company.
One day the old poodle starts chasing butterflies and before long, Cuddles discovers that he's lost. Wandering about, he notices a leopard heading rapidly in his direction with the intention of having lunch.
The old poodle thinks, "Oh, oh! I'm in deep doo-doo now!" Noticing some bones on the ground close by, he immediately settles down to chew on the bones with his back to the approaching cat. Just as the leopard is about to leap the old poodle exclaims loudly, "Boy, that was one delicious leopard! I wonder if there are any more around here?"
Hearing this, the young leopard halts his attack in mid-strike, a look of terror comes over him and he slinks away into the trees. "Whew!", says the leopard, "That was close! That old poodle nearly had me!"
Meanwhile, a monkey who had been watching the whole scene from a nearby tree, figures he can put this knowledge to good use and trade it for protection from the leopard. So off he goes, but the old poodle sees him heading after the leopard with great speed, and figures that something must be up.
The monkey soon catches up with the leopard, spills the beans and strikes a deal for himself with the leopard.
The young leopard is furious at being made a fool of and says, "Here, monkey, hop on my back and see what's going to happen to that conniving canine!
Now, the old poodle sees the leopard coming with the monkey on his back and thinks, "What am I going to do now?", but instead of running, the dog sits down with his back to his attackers, pretending he hasn't seen them yet, and just when they get close enough to hear, the old poodle says...
"Where's that @##### monkey? I sent him off an hour ago to bring me another leopard!
Moral of this story....
Don't mess with old f @ rts...age and skill will always overcome youth and treachery! Bullsh # t and brilliance only come with age and experience.Ignored
DislikedIt shows 1.2990 on my chart (NF) at this time and bumping against 365sma maybe its time to take half profits and move sl to break even. It may go down to 89maIgnored
DislikedGood Morning Phillip,
As I was watching gbpusd last night, I didn't have a good feeling about the round bottom it was forming. This looked more like a flag formation ( a continuation pattern) especially as it bounced against 8ema. So I stayed out.
Could you comment on flag formation psychology as a small sidewyas movement slightly against the trend before the next big move. Actually it happens quite often in a trendning market.Ignored
DislikedHello Philip,
WOW - what an outstanding method you've provided. And you teach it very well.
Now I must add my questions
I walked and worked through your pdf-files you attached earlier this thread where you explained trade by trade why you entered, where to put s/l etc.
What I recognized was that you add 8ma and 21ma to the charts but never refer to them.
Your decisions of trade entry and money management don't need those MA's? Or do I have overlooked somewhere something?
Once again, WELL DONE - since you opened this thread I followed and papertraded, and soon this will become my no.1
At the and of that pdf you asked if it is good for teaching others.
YES, IT IS !Ignored
DislikedHi Phillip & all,
If I set MACD signal period to 3 it giving me more confidence when round top/bottom and other patterns formed.
Please take a look and share ur opinionIgnored
DislikedHi Phillip & all,
If I set MACD signal period to 3 it giving me more confidence when round top/bottom and other patterns formed.
Please take a look and share ur opinionIgnored