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  • #3,081
  • Nov 28, 2007 3:15pm Nov 28, 2007 3:15pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting th_ngue21
eeuuhhmm..

RM = Risk Management (stoploss, lots size, volatility, expected loss etc.)
MM = Money Management (Compounding, Managed Accounts, expected return etc.)

Fa = Fundamental Analyses (FED, ECB, Interest, Inflation etc.)

Convert these three things and you have a trading system like me.
This works great with me.
to much like hard work for me, all that reading, fundimaentals do my head in. trend trading is key for me.
  • #3,082
  • Nov 28, 2007 3:16pm Nov 28, 2007 3:16pm
Quoting Schminner
Looks like it's heading back down again ...
All the big boys are now in bed. I dont think you see any big moves up or down now. If it does, then it is likely panic market.
Trainee at UBS Investment Banking
  • #3,083
  • Nov 28, 2007 3:17pm Nov 28, 2007 3:17pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Schminner
Looks like it's heading back down again ...
put a 5sma close on your chart, the pair will either retrace to touch it or sit around and wait for it to catch up, if it passes by in a lower TF i.e. 1h look to the 4H and so on.
  • #3,084
  • Nov 28, 2007 5:22pm Nov 28, 2007 5:22pm
Quoting th_ngue21
All the big boys are now in bed. I dont think you see any big moves up or down now. If it does, then it is likely panic market.
I take it that we're not one of the big boys ???
  • #3,085
  • Nov 28, 2007 6:16pm Nov 28, 2007 6:16pm
To th_ngue21
Quoting th_ngue21
eeuuhhmm..

RM = Risk Management (stoploss, lots size, volatility, expected loss etc.)
MM = Money Management (Compounding, Managed Accounts, expected return etc.)

Fa = Fundamental Analyses (FED, ECB, Interest, Inflation etc.)

Convert these three things and you have a trading system like me.
This works great with me.
I dream for a very long time to see how these principles doing in details... Say in the concrete situation and real numbers etc. Would you mind to try to arrange some further details - how it works? (in real life i mean)
  • #3,086
  • Nov 29, 2007 1:24am Nov 29, 2007 1:24am
i see the gold at resistence, dollar index at suport and yield rising, so until now my (mental)position on the market is short. After london open i'll decide what i want to do
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #3,087
  • Edited 6:21am Nov 29, 2007 5:44am | Edited 6:21am
untill now, my vision was right*. let's see now if we prepare for a double bottom or a suport breakout. Usually new-york session has the habit of turning everything, before them, around.

*actually my vision + thelfb.com trading plan
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #3,088
  • Nov 29, 2007 9:16am Nov 29, 2007 9:16am

Long Term
UP Topside target 1.4668 achieved, Focus now on 1.4934 flag target (HIT) and 1.5268.
Medium Term
Upside resolution of 1.4521 – 1.4751 range. TDMA1 no longer on chart. TD Sequential suggests exiting longs, attempting tactical short.
Short Term
ABC Target hit. Favour exiting longs, perhaps attempt small tactical short

What does TDMA1 mean?What does TD Sequential mean?
  • #3,089
  • Nov 29, 2007 9:32am Nov 29, 2007 9:32am
Sorry i'm new.

What is it mean "short term" - ABC target hit

The price now moving to 1.4800 Does my reading right or you have another view.

TQ
  • #3,090
  • Nov 29, 2007 2:37pm Nov 29, 2007 2:37pm
The closer we get to 1.5 the better the chance it will be hit, however there is also a good chance of some major reversals coming. I am currently trading down on swings up until the 4hr down TL breaks back to the upside. Should have said something last night, but made 150 on the dip this morning.

I will begin scaling in longer term positions for a move down, but short term trades will be killed and reversed once that 4hr TL breaks back up. Even with liberal stops above 1.5 for the moment on long term positions, the risk to reward trading toward daily fib levels are still very good. 250 pip stops with 400 pips to the .618 and 580 pips to the .50. With a 250 stop however, make sure you use good MM and scale into any short entries.
The basis of a democratic state is liberty. ~ Aristotle
  • #3,091
  • Nov 29, 2007 2:51pm Nov 29, 2007 2:51pm
Quoting rbforex
What is it mean "short term" - ABC target hit
The line between Points A-B is the distance of line C-D. This creates a target once point C is formed.
http://img510.imageshack.us/img510/456/eu112907dh0.gif
The basis of a democratic state is liberty. ~ Aristotle
  • #3,092
  • Nov 29, 2007 5:05pm Nov 29, 2007 5:05pm
Quoting Vensik
The closer we get to 1.5 the better the chance it will be hit, however there is also a good chance of some major reversals coming. I am currently trading down on swings up until the 4hr down TL breaks back to the upside. Should have said something last night, but made 150 on the dip this morning.

I will begin scaling in longer term positions for a move down, but short term trades will be killed and reversed once that 4hr TL breaks back up. Even with liberal stops above 1.5 for the moment on long term positions, the risk to reward trading toward daily fib levels are still very good. 250 pip stops with 400 pips to the .618 and 580 pips to the .50. With a 250 stop however, make sure you use good MM and scale into any short entries.
Nice trades. Good Job

I am still bullish for the Euro, however maybe tomorrow I change my mind. We need more data to confirm the downtrend!
Trainee at UBS Investment Banking
  • #3,093
  • Nov 29, 2007 5:10pm Nov 29, 2007 5:10pm
Quoting th_ngue21
I am still bullish for the Euro, however maybe tomorrow I change my mind. We need more data to confirm the downtrend!
I'm not opposed to trading up, however I have specific trades entered for a long term move down. I will trade up if the current 4hr TL breaks to the upside, but at the same time I will be holding my shorts. Effectively hedging myself between my long term and short term trades.
The basis of a democratic state is liberty. ~ Aristotle
  • #3,094
  • Nov 30, 2007 9:51am Nov 30, 2007 9:51am
Quoting Vensik
I am currently trading down on swings up until the 4hr down TL breaks back to the upside.

I will begin scaling in longer term positions for a move down, but short term trades will be killed and reversed once that 4hr TL breaks back up. Even with liberal stops above 1.5 for the moment on long term positions, the risk to reward trading toward daily fib levels are still very good. 250 pip stops with 400 pips to the .618 and 580 pips to the .50. With a 250 stop however, make sure you use good MM and scale into any short entries.

Mmm... short term and long term trades all very profitable. Nice end to the week. The break of the channel to the downside confirms more downward momentum. My short term is still to continue selling on breaks until the 4hr down TL breaks up. Long term trades still in toward daily fib levels at 1.4353 minimum.
The basis of a democratic state is liberty. ~ Aristotle
  • #3,095
  • Nov 30, 2007 5:45pm Nov 30, 2007 5:45pm
Do you guys think its a good time to short EUR/USD??? I am thinking about getting in on this trade on sunday, but as of right now I am kind of doubting myself because of a possible retracement that might occur to the 1.5000 margin... but then again, there was little retracement made when this pair breeched 1.4000. Thoughts anyone???
"Don't work for your money, but let money work for you."
  • #3,096
  • Nov 30, 2007 5:49pm Nov 30, 2007 5:49pm
Quoting chady250
Do you guys think its a good time to short EUR/USD??? I am thinking about getting in on this trade on sunday, but as of right now I am kind of doubting myself because of a possible retracement that might occur to the 1.5000 margin... but then again, there was little retracement made when this pair breeched 1.4000. Thoughts anyone???
Will load up on longs ...
  • #3,097
  • Nov 30, 2007 5:54pm Nov 30, 2007 5:54pm
Quoting Schminner
Will load up on longs ...
Are you sure about that ????
  • #3,098
  • Dec 1, 2007 12:57am Dec 1, 2007 12:57am
Quoting chady250
Do you guys think its a good time to short EUR/USD??? I am thinking about getting in on this trade on sunday, but as of right now I am kind of doubting myself because of a possible retracement that might occur to the 1.5000 margin... but then again, there was little retracement made when this pair breeched 1.4000. Thoughts anyone???
I'm going to short the eurusd, this is the best short set up I've seen since 9 Aug, just before it dropped 300 pips. Limit order at 1.4620, s/l 1.4790, t/p 1.4280. The only thing I'm not sure about is that it's close to this now and there might be some randomness when the market opens. So I might wait until just before the Monday London open.

See what happens
  • #3,099
  • Dec 1, 2007 1:07am Dec 1, 2007 1:07am
I've developed the perfect trading system. It will allow you to buy lots at a within 30 minutes of a 3 month high and low. It goes like this:

Ask me what I'd do. Then do the opposite.

I have a lot to learn yet. I mean, man, when that Euro got so close to 1.50...I'm still so surprised it ran away from it so quickly. Crap
  • #3,100
  • Dec 1, 2007 12:53pm Dec 1, 2007 12:53pm
Quoting Marrethiel
I'm going to short the eurusd, this is the best short set up I've seen since 9 Aug, just before it dropped 300 pips. Limit order at 1.4620, s/l 1.4790, t/p 1.4280. The only thing I'm not sure about is that it's close to this now and there might be some randomness when the market opens. So I might wait until just before the Monday London open.

See what happens
Your plan is almost exactly what I was thinking of doing. First thing on the london open I was going to also short this pair. I also agree with your hypothesis that there might be some randomness, so maybe I might set a short order a 1.4650.

Order at 1.4650
SL:1.4850
PT:1.4150
Move SL as it creates new lows.

We'll see if our plans work out.
"Don't work for your money, but let money work for you."
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