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EUR/USD, GBP/USD, NZD/USD, USD/JPY, AUD/USD

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Daily candle chart

  • #381
  • May 5, 2008 6:05pm May 5, 2008 6:05pm
Quoting hussin naiji
thanks dear TradeStar
i dont use from SL ,because SL isnot need
for information , i have traded since Date :2007.12.05 till 2008.05.04(six months)as follows:
total my positions 1253
total my positions with green pips +1170
total my positions with red pips -93
total net.profit $ 42648.57
only i have used with SL in 8 postion since past six months
Very impressive Hussin Naiji I wish I was you, he he. keep up the teachings bud...
  • #382
  • May 5, 2008 7:05pm May 5, 2008 7:05pm
Hello Hussin.

I'd Like To Know Your Opinion On Eur/gbp Pair. Where Do You Think Its Heading
Thank You So Much For All The Teaching
  • #383
  • May 6, 2008 12:20am May 6, 2008 12:20am
Quoting MPP
Hi tradstart
i would suggest you minimise your trade size until you understand the candles, i Believe hussin closes his trades based purely on candle formation. you open a trade based on a good setup, when the chart tells us that the move is up or reversing we close.

if you have limited funds, try a demo account and then trade micro lots and work up from there as your confidence grows, trading from candles is more dynamic than using Ma's stock's MACD etc. position size then becomes flexable, but once yuo get into it you can build up you trade sizes until you have your own lot size sorted and comfortable, try basin everthing on either 300 or 500 pips as a WTF get out clause, this should allow you to see the direction change without geting closed out for 50pips to then watch price run away in you original direction.

If you must place a stop then you need to first learn about support and resistance areas - look for zoopy he's running a line chart class about S&R at the moment, this will help you find the areas to place stops (last few page of his thread).

hope this helps

MPP
Thanks MPP. That makes sense.

Only issue I have is, to play it safe with daily candle patterns you got to be prepared to play out for the total size of the signal candle in order to give a fair chance for the trade to go your way. Like you said this could be 200 or 300 pips. Yes, micro lots would be the answer, which is what I do.

Now with these trades. even if you make 200 to 300 pips your Risk to reward is still around 1:1 given the SL distance. That is why I was seeing whether he is doing anything different.

Thanks for taking time to respond. I will check out Zoopy as well.

Thanks
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #384
  • May 6, 2008 2:35am May 6, 2008 2:35am
good time traders
  • #385
  • May 6, 2008 4:42am May 6, 2008 4:42am
Quoting Happy68
Hallo Hussin,

I'd like to know only, what happened with your posotions in AUD/USD and NZD/USD. Nothing more.
It is easy to trade candels, yes, but the first is not the methodology, it is the MM. Therefore it is very important for the trader to know and to be prepared, where to close the losing position. The first in the trading is "Keep your money!".
hi Happy68
you can say to me "MM" ??
but about NZDUSD and AUDUSD
in the my post no:2 i have distinction wrong a long legged doji
also happy68 attention most movements AUDUSD is similar NZDUSD ,therefore you can see in the my psot no:3 a other worng in distinction a long legged doji
dear Happy68 , my analysis candlestick wrong is as follows:
my post no:2-3-4-5-7-22-27-28-40-41-42-47-57-76-90-98-127-
  • #386
  • May 6, 2008 4:43am May 6, 2008 4:43am
Quoting metatsock
UsdCad Daily Signal -> SELL
regards
thanks dear metatscock
  • #387
  • May 6, 2008 4:45am May 6, 2008 4:45am
Quoting Aad
Very impressive Hussin Naiji I wish I was you, he he. keep up the teachings bud...
thanks Aad
i think that you are a good trader
  • #388
  • May 6, 2008 4:46am May 6, 2008 4:46am
Quoting r2star
Hello Hussin.

I'd Like To Know Your Opinion On Eur/gbp Pair. Where Do You Think Its Heading
Thank You So Much For All The Teaching
ok
i will try today 4 u
  • #389
  • May 6, 2008 6:18am May 6, 2008 6:18am
on the weekly candle chart below we see a identical 3 crows bearish .this pattern is with high reliability . i think that we will see GBPUSD below 1.95 in the next weeks
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #390
  • May 6, 2008 6:34am May 6, 2008 6:34am
on the daily candle chart below we see a diminishing power of the longs(attention to white points)of course , we have seen a long legged dojithat show to us a doubt between bears and bulls .
but now (today) we see that sellers are aggressive
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
  • #391
  • May 6, 2008 6:46am May 6, 2008 6:46am
on the weekly candle chart below we see atweezer top &red of bozu .
i see USDYEN below 11 in the next weeks
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #392
  • May 6, 2008 6:54am May 6, 2008 6:54am
on the daily candle chart below we see a bearish harami pattern (attention we are watching a bearish harami in the top )
now we see a bearish engulfing pattern . i think with a daily close below 104.30 , this pattern give to us a good bearish engulfing pattern
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #393
  • May 6, 2008 6:59am May 6, 2008 6:59am
chart is clear
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
  • #394
  • May 6, 2008 7:02am May 6, 2008 7:02am
in the weekly candle chart GJ , I see bullish power is diminishing and the bears are able to take price down but i can not see candlestick pattern on weekly candle chart in this time
  • #395
  • May 6, 2008 7:06am May 6, 2008 7:06am
on the weekly candle chart below we see a bearish harami pattern
with this pattern we must see fall 4 USDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 12 KB
  • #396
  • May 6, 2008 7:14am May 6, 2008 7:14am
NOW SEE CME
DATE ---------OPEN--------HIGH--------LOW-----LAST------CHANGE
CASH ------1.9709------1.9709-------1.9709----1.9709----0.0006
JUN2008---1.9626------1.9670------1.9595-----1.9659-----0.0024
SEP2008--1.9700----?????----------1.9570-----1.9532------0.0024
DEC2008---2.000----2.000--------1.9940----1.9399--------0.0024
  • #397
  • May 6, 2008 7:19am May 6, 2008 7:19am
NOW SEE NYBOT
DATE ---------OPEN--------HIGH--------LOW-----LAST------CHANGE
JUN2008---204.90------204.90------204.90-----205.42-----1.09
SEP2008--203.074----203.07-------203.07-----203.07------1.06
DEC2008---200.905-- 200.905-----200.905----200.905-------1.060
  • #398
  • May 6, 2008 7:37am May 6, 2008 7:37am
Quoting r2star
Hello Hussin.

I'd Like To Know Your Opinion On Eur/gbp Pair. Where Do You Think Its Heading
Thank You So Much For All The Teaching
dear r2star
i see fall on EG
  • #399
  • May 6, 2008 8:02am May 6, 2008 8:02am
hi dear shahroodi
  • #400
  • May 6, 2008 8:04am May 6, 2008 8:04am
hi dear MPP
yours sincerely
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