EURUSD

Sorry, I don't know either. Very new. Appreciate you explaining if you would. Thanks.

very nice rainbows
I like them for scalping

search for linuxtroll posts for more info

AAD, nice tsr indicator...
can you explain the risk to reward ratio in that indicator? thanks

No. I must be completely new to trading

lol
me too then

I love your signature.. I have it in front of me on the wall always

Stolen from a great book

Neuroshell....is a professional program based whit neural......is automatic.

All day the program automatized the loss and the gain.....for exemple....if today the gain is 6%........the program automatized for tomorrow for a new gain ............if today loss.....the programm automatized for switch this loss in gain.......

EA is different.....enter always at the signal......Neuroshell.....study the market, the error and good trading and switch the strategy.....

By entering a risk to reward ratio (default is 3) it will re-calculate the stop loss amount, though I never use it I'm more interested in the day ranges.

Here's some more info on it from it's original creator "PipeLine a.k.a. Ogeima":

Let's look at what it does:
It computes yesterday's range, the previous 5, 10 and 20 days ranges. And it calculates the "Average Day Range" of these four ranges (yesterday's+ Prev 5 Day Range + Prev 10 Day Range + Prev 20 Day Range)/4.

So, if yesterday's Day Range was 80, the Previous 5 Day Range was 110, the Previous 10 Day Range was 90 and the Previous 20 Day Range was 120, then the Average Day Range would be 100.

Then there's "Room Up" and "Room Down".
Let's imagine today's low is (so far) 1000 and today's high is (so far) 1050. At this moment the price is 1020.

So we're 1020-1000= 20 pips above the low, there is therefore 100-20=80 pips "left" up. For a risk-to-reward ratio of (say) 3, if a long trade was to be entered now, the stop loss should be no more than 80/3=26pips away, that is at 1020-26=994. So, if all conditions are met, we ll look for a "bottom" no lower than 994.

Same thing for a short trade: we are 1050-1020= 30 pips below the high, there is therefore 100-30=70 pips "left" down. For a risk-to-reward ratio of 3, if a short trade was to be entered now, the stop loss should be no more than 70/3=23pips away, that is at 1020+23=1043. So, if all conditions are met, we ll look for a "top" no higher than 1043.

As you can see, this indicator doesn't tell us whether or not we have a set up to trade. What it does is, considering some past day ranges, and for a given Risk to Reward ratio, it tells us how far away we can put a stop loss.

Hope this helps,

Ogeima.

P.S.: I used H-L (High-Low) to compute the Ranges. They are thus a bit different from mataf.net data, which computes what is known as the "True" Ranges (= Max(High for the period less the Low for the period,High for the period less the Close for the previous period,Close for the previous period and the Low for the current period)).

PS2: occasionally, as someone apparently pointed out in the chat room, RoomUp/RoomDown (and the indicative stop losses) will have negative values. For example, let's imagine that the Average Day Range is 100, today's High is 1150, today's low is 1000 and the current price is 1040.
Price has traveled 1150-1040 = 110 pips down from the High, that's 10 pips more than the 100 pips of the Average Day Range, so the RoomDown will be -10 pips (and the stoploss will be -10/Risk_to_Reward_ratio).

(And price has traveled 1040-1000= 40 pips from the Low so the RoomUp will be positive (=100-40=60), nothing special here.)

From the pre-news action, I think the news will be better than expected, maybe -60k & 5.1% hold. It seems to be loading up for a down strike. Maybe 1.53?
Just my 2 pips, I wouldn't use it to trade, I'm not.

come on baby

Bets are open for today bottom!

My is 1.5316!
Let me hear yours, guys!

1.5350 for today at 11:00am

As was mentioned on Wednesday, after positive advance employment report earlier this week, a positive NFP report would be a nail in the coffin for the bulls with this pair. Very sharp 80 - 90 point drop. Expected short term (5M chart) buyback, then the imminent slaughter. Dow futures up around 130 points, S&P up over 13 points (Yen carry trades positive). This pair will be fortunate to be left above 1.5300 by days end. Not to mention the Fed screws around with a huge increase in auction funds in a release just before NFP report. That my friends is NO coincidence. Once again, a potential seven hundred (700) point decline on the daily chart is one heck of a pullback to be buying into. There are very few members here that trade on a monthly basis, so this is quite significant. Have a safe and prosperous day. Best of fortune to all.

Guess for bottom, 1.53039 (S2)
Interesting thing noticed, oil has gone up Current $113.75, high $114.09, low $111.78 current secession.

I couldn't resist putting a short trade in my demo, +62 & +67 SL'd out.

thanks
it is always interesting because I think for a long success rate it is very important to manage the risk / reward ratios.

thanks and regards 100% agree w you ..

Is anybody basing their guess for the euro bottom today according to the chart or just pulling numbers out of thin air?

Scyang,

Think about what you're asking here.

"Is anybody basing their GUESS on a chart or pulling #'s out of thin air?"

Either way it is a guess and should not be taken seriously.

I honestly do not get the fascination with calling numbers sometimes. All you have to do is watch and react. Not predict and react.

Regards,

Kevin

Let loose the dogs of war. Strong battle being waged at the 1.5400 area. Bears clawing Bulls to pieces. U.S. market (dollar bulls) sitting in reserve and will be committed to action in approx. 20 minutes. Great time to short, sell calls and purchase short term puts. A rebounding U.S. dollar is formidable indeed. Perhaps (as Yamamoto said back in WWII) a sleeping giant is being awaken.

Very stressing day, I was some shorts opened 1 minute before NEWS.

Whooopi!!