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Daily candle chart

  • #861
  • May 26, 2008 9:31am May 26, 2008 9:31am
Hi,

This is my take on the EURUSD. I waiting for break of previous days low and a close, then I am short - in the side lines until then.

Regards,
Guess
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  • #862
  • May 26, 2008 9:32am May 26, 2008 9:32am
by the way hussain... great thread, keep it going.
  • #863
  • May 26, 2008 9:35am May 26, 2008 9:35am
don't want to go off topic on this thread, what are using for market close, I am using 5pm EST time, as I see some charts are slightly different.
  • #864
  • May 26, 2008 9:42am May 26, 2008 9:42am
Quoting guess121
Hi,

This is my take on the EURUSD. I waiting for break of previous days low and a close, then I am short - in the side lines until then.

Regards,
Guess
hi guess
thanks .what is your tp ??
  • #865
  • May 26, 2008 9:44am May 26, 2008 9:44am
Quoting hussin naiji
hi guess
thanks .what is your tp ??
below 1.55 or below 1.54
  • #866
  • May 26, 2008 9:47am May 26, 2008 9:47am
this is me... as I like to take pips off the table... you never know...

3 mini lots - first lot tp 50, second lot tp 100 and then let the third lot run until I see a reverse (though keep a TP of 400 pips - I'll be happy with that)

Also move SL to break even once +100 pips.

Quoting hussin naiji
hi guess
thanks .what is your tp ??
  • #867
  • May 26, 2008 9:51am May 26, 2008 9:51am
Quoting guess121
this is me... as I like to take pips off the table... you never know...

3 mini lots - first lot tp 50, second lot tp 100 and then let the third lot run until I see a reverse (though keep a TP of 400 pips - I'll be happy with that)

Also move SL to break even once +100 pips.
very good
what is your consideration from mini lot because my broker have not this service ?
1 mini = $$$??
  • #868
  • May 26, 2008 9:51am May 26, 2008 9:51am
some people are good at price projection... this I will have to learn, though me, I always like to take pips of the table, this reduces your losses in the long run, as we know in this game there are always losses..

for me forex is very simple... MM.

... ohh SL would be just a few pips above previous days high.

Quoting guess121
this is me... as I like to take pips off the table... you never know...

3 mini lots - first lot tp 50, second lot tp 100 and then let the third lot run until I see a reverse (though keep a TP of 400 pips - I'll be happy with that)

Also move SL to break even once +100 pips.
  • #869
  • May 26, 2008 9:52am May 26, 2008 9:52am
mini lot = £1/$1

look at 15 min chart - reversal occuring

Quoting hussin naiji
very good
what is your consideration from mini lot because my broker have not this service ?
1 mini = $$$??
  • #870
  • May 26, 2008 9:57am May 26, 2008 9:57am
Quoting guess121
some people are good at price projection... this I will have to learn, though me, I always like to take pips of the table, this reduces your losses in the long run, as we know in this game there are always losses..

for me forex is very simple... MM.

... ohh SL would be just a few pips above previous days high.
but guess im not agree with u about "this (forex)is game"
forex is a business, forex is buy capital with risk but game have difference with business.
  • #871
  • May 26, 2008 9:58am May 26, 2008 9:58am
Quoting hussin naiji
but guess im not agree with u about "this (forex)is game"
forex is a business, forex is buy capital with risk but game have difference with business.
some have a point of view similar forex=gambling
im not agree with this
  • #872
  • May 26, 2008 10:01am May 26, 2008 10:01am
"we know in this game there are always losses" - this is just an expression.

sorry, with all due respect - I think this is a language/country barrier thing - in this case 'game' = business



Quoting hussin naiji
but guess im not agree with u about "this (forex)is game"
forex is a business, forex is buy capital with risk but game have difference with business.
  • #873
  • May 26, 2008 10:04am May 26, 2008 10:04am
Quoting hussin naiji
some have a point of view similar forex=gambling
im not agree with this
we see forign exchange is collection from field economic in university
  • #874
  • May 26, 2008 10:06am May 26, 2008 10:06am
Quoting guess121
"we know in this game there are always losses" - this is just an expression.

sorry, with all due respect - I think this is a language/country barrier thing - in this case 'game' = business

ok
  • #875
  • May 26, 2008 10:11am May 26, 2008 10:11am
yes for sure, we use candle patterns, trendlines, etc ... for economic release or other news to wipe out everything that we thought was going to happen.

therefore we have to have good MM, SL and TP, and we can have winners wipe out our losers.

Quoting hussin naiji
we see forign exchange is collection from field economic in university
  • #876
  • May 26, 2008 10:14am May 26, 2008 10:14am
Quoting hussin naiji
ok
i did pay attention what you said
thanks
my difficult is my bad the English language
  • #877
  • May 26, 2008 10:24am May 26, 2008 10:24am
Quoting hussin naiji
i did pay attention what you said
thanks
my difficult is my bad the English language
As long as YOU LET THE Candlesticks Do the talking for you,than that is the Best language for us Traders,

keep us Teaching.
take care

baz
  • #878
  • May 26, 2008 10:34am May 26, 2008 10:34am
Quoting baz
As long as YOU LET THE Candlesticks Do the talking for you,than that is the Best language for us Traders,

keep us Teaching.
take care

baz
hi my good friend baz
im happy that again see you here
best regards
hussin
  • #879
  • May 26, 2008 10:40am May 26, 2008 10:40am
Quoting hussin naiji
hi my good friend baz
im happy that again see you here
best regards
hussin
salam hussin
i am never far from the " Masters Thread "
khuda hafiz

baz
  • #880
  • May 26, 2008 11:45am May 26, 2008 11:45am
UCAD....update....
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