Dislikedand there appears to be a new trendline resistance shaping up.
Very interesting.
50% retracement puts us around 1.50 mark...new number to oscillate around?Ignored
Attached Image (click to enlarge)
- #4,861
- Feb 29, 2008 8:21am Feb 29, 2008 8:21am
- Joined Dec 2006 | Status: call me Kevin | 1,263 Posts
- #4,862
- Feb 29, 2008 8:26am Feb 29, 2008 8:26am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
Well guys,
It's about that time to enjoy the weekend. Nice trading this week. I'm up about 8% this week.
Enjoy the weekend.
On the path to Enrichment.
- #4,863
- Feb 29, 2008 8:32am Feb 29, 2008 8:32am
- Joined Dec 2006 | Status: call me Kevin | 1,263 Posts
What's your average week Kharvell, if you don't mind me asking of course ?
Enjoy the weekend.
. tdion and I had a discussion once a long while back and he threw out what was in my opinion an awesome idea for money management.
Basically, you have your account balance. You think of the MAX you would want to lose in a short time period. So for instance, if I have a $1000 account, what's the MAX I would want to lose next week? For me it's 10%. I then take this 10% and make a sub account and trade it very aggressively. In my mind, it is already 10% I have lost, so I can trade it however I want with very little psychology affecting me.
So, with this being said, 1-15% a week. Depends on the week and if there is a super trend slapping me in the face or not like this week
Cheers,
Kevin H.
- #4,864
- Edited 8:46am Feb 29, 2008 8:34am | Edited 8:46am
- | Joined Nov 2007 | Status: Trader | 2,903 Posts
- #4,865
- Feb 29, 2008 8:40am Feb 29, 2008 8:40am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #4,866
- Feb 29, 2008 8:46am Feb 29, 2008 8:46am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
did all of us get to realize that the pair is looking to diverge from the oscilators...price is regularly showing higher highs but the macd won't agree......take a look:
end of the the uptrend...
http://i81.photobucket.com/albums/j209/ghous/gu-3.gif
...take a look:end of the the uptrend...
http://i81.photobucket.com/albums/j209/ghous/gu-3.gif
I believe . . .
- #4,868
- Feb 29, 2008 8:51am Feb 29, 2008 8:51am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
Well... my average week is somewhat impressive because I trade how they tell you not to
tdion and I had a discussion once a long while back and he threw out what was in my opinion an awesome idea for money management.
Basically, you have your account balance. You think of the MAX you would want to lose in a short time period. So for instance, if I have a $1000 account, what's the MAX I would want to lose next week? For me it's 10%. I then take this 10% and make a sub account and trade it very aggressively. In my mind, it is already 10% I have lost, so I can trade it however I want with very little psychology affecting me.
I abviously started demo trading with large leverage, like most people I think
but then gradually reduced it and of course now I make better decisions regarding trades and have my rules more or less set on how to trade. I believe there's a balance at some point between the leverage you use and the long term profit you get from your trading - that is, if the leverage is too high and you risk too much then a few unsuccesfull trades in a row can cause you real damage. On the other hand, if your leverage is too low then you'll be making less profit than you could have. So if I can tune in to my balance - which is of course subjective based on how well you trade, I can get the best results.
On the path to Enrichment.
- #4,869
- Feb 29, 2008 9:11am Feb 29, 2008 9:11am
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
and the silence of european politics continue....
probably they loving how the usd get smashed.
bet Trichet and companies who want to give euro the wolrd reserve status and partyng with wine and champaigne this big success.
probably they loving how the usd get smashed.
bet Trichet and companies who want to give euro the wolrd reserve status and partyng with wine and champaigne this big success.
- #4,871
- Feb 29, 2008 9:21am Feb 29, 2008 9:21am
- Joined Dec 2006 | Status: call me Kevin | 1,263 Posts
- #4,872
- Feb 29, 2008 9:26am Feb 29, 2008 9:26am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
I sold!
- #4,874
- Feb 29, 2008 9:39am Feb 29, 2008 9:39am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
I sold!
You broke eu's back and it fell
Did you sell a billion dollar worth of eu ?
- #4,876
- Feb 29, 2008 9:43am Feb 29, 2008 9:43am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
See what you have done !!!
You broke eu's back and it fell
Did you sell a billion dollar worth of eu ?
I've closed my pos. +15 pips (modest profit)
good job!Anyway, i guess for today will not reach new lows or new high, the max it can touch is 1.5140 or 1.5135, that's because i closed my short pos, don't think it will drop much more (it have already done 100 pips for today, that's more then the average for eur-usd).. (i may be wrong!)
P.s.
Aud-usd look better
and eur-jpy too!
- #4,877
- Feb 29, 2008 9:46am Feb 29, 2008 9:46am
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
4:30am CHF http://www.forexfactory.com/images/m...act_medium.gif SVME PMI
4:55am EUR http://www.forexfactory.com/images/m...act_medium.gif German Manufacturing PMI
this ones can be bad...
probably this could skyrocket the pair donwside as much of the usd pressure coming from swissy also.
and now, cross fingers then hope we close below 1.5150 today.
4:55am EUR http://www.forexfactory.com/images/m...act_medium.gif German Manufacturing PMI
this ones can be bad...
probably this could skyrocket the pair donwside as much of the usd pressure coming from swissy also.
and now, cross fingers then hope we close below 1.5150 today.
- #4,879
- Feb 29, 2008 9:48am Feb 29, 2008 9:48am
- | Joined Nov 2007 | Status: Trader | 2,903 Posts
man this pair is torture
It keep probing new lows, but these bounces are frustrating.
When I close my positions the trade keeps moving in my favor. When I am in the money and I try to ride it out, it back against me. It never fails
It keep probing new lows, but these bounces are frustrating.
When I close my positions the trade keeps moving in my favor. When I am in the money and I try to ride it out, it back against me. It never fails
4:30am CHF http://www.forexfactory.com/images/m...act_medium.gif SVME PMI
4:55am EUR http://www.forexfactory.com/images/m...act_medium.gif German Manufacturing PMI
this ones can be bad...
probably this could skyrocket the pair donwside as much of the usd pressure coming from swissy also.
and now, cross fingers then hope we close below 1.5150 today.