EDIT: Forget this. Stupid me!
- #22,422
- Aug 21, 2008 3:19pm Aug 21, 2008 3:19pm
this is how good advice plays out
I was looking at the Keltner chanell and the only option I see to set is the period.
Is there another Keltner chanell and could you share your setting for each time frame?
Looking at it right now on the 4H, 20 period and it looks like there should have been a pull back a long time ago, so pretty sure someting is not set right.
Thanks in advance!!!!!!
- #22,423
- Aug 21, 2008 3:19pm Aug 21, 2008 3:19pm
- | Commercial User | Joined Dec 2007 | 1,927 Posts
These guys who talk about 200% returns on their account have not mentioned how many times they have blown up an account. I have a buddy who talks llike this one day I found out his real losses were 350 k ......305 k .. sure he can run an account up .... but in one trade he kills this whole account
The right thing to do is 2% risk on account per trade and build the trade over time
- #22,424
- Aug 21, 2008 3:20pm Aug 21, 2008 3:20pm
I posted b4 that was one of my subaccount purposing gamble
I have other account when i play more secure because of bigger money there is.
I have sacrificed 200$ to the gamble (which was actually 5% of bigger subacout - 5% i can make easly in one week) from primary account
so i risk nothing only time and effort.
now my primary account grow for another 20 % in only one weak.
As i said thats tha way to make money on FX market.
Good for you!
- #22,425
- Aug 21, 2008 3:36pm Aug 21, 2008 3:36pm
- Joined Aug 2007 | Status: If it walks like a duck... | 1,477 Posts
- #22,430
- Aug 21, 2008 3:59pm Aug 21, 2008 3:59pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
great work mate 
mostly we are agree each other regarding price move direction but we have different system to calculate pivot points and target points. That is amazing.
mostly we are agree each other regarding price move direction but we have different system to calculate pivot points and target points. That is amazing.
- #22,431
- Aug 21, 2008 4:00pm Aug 21, 2008 4:00pm
- Joined Aug 2007 | Status: If it walks like a duck... | 1,477 Posts
I'm also short Oct gold from 840 - believe it or not, got filled @ day's high 
. This is all a temporary flareup; as cooler heads prevail, bears will have their day again.
. This is all a temporary flareup; as cooler heads prevail, bears will have their day again.
- #22,433
- Aug 21, 2008 4:27pm Aug 21, 2008 4:27pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
hmm.. hard to find a pullback at this moment..
I see you Malcolmb..hehehe..what do youthink of eu?
- #22,434
- Aug 21, 2008 4:31pm Aug 21, 2008 4:31pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
once the price breaks the top of the flag and the rsi break 60 she was a long for a few pips.... this time of day volume dies off ( I use tick volume for forex ... analysis of up ticks versus down ticks) so you rarely get a really good break out , but if you see this set in euro or earely us session it is a great set up to trade
ps I like the Keltner channel for swing trades ....I use a 50 with a 1.5 deviation
Attachment
This turned out to be not a bad little day trade with entry 870 and close 900
Now I will wait and see what happens in Asia.
Blogging daily now at www.volume.zone
- #22,436
- Aug 21, 2008 4:38pm Aug 21, 2008 4:38pm
Im thinking above 4910 will take eu to 4950
I see you Malcolmb..hehehe..what do youthink of eu?
btw.. what do you mean with "i see you malcolmb.." ? sorry.. just curious..
- #22,437
- Aug 21, 2008 4:39pm Aug 21, 2008 4:39pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Im thinking above 4910 will take eu to 4950
I see you Malcolmb..hehehe..what do youthink of eu?
Hi Pipchick
Been lurking in here as have been trading eu with oil on the move.
I think we see higher ....
we may get a little retracement into 1.4890 zone , but unless oil drops ( unlikely till things settle down in Russia) we will see 1.4975 / 1.5000 / 1.5350 ( last target would tie in nicely with the support zone that we dropped through without re-testing yet)
I am playing this one for day trades in the US session as that seems to be the time that oil starts to move. I missed the big move up this morning .. made a few pips but was not focused enough as I was messing around with some new volume spread analysis software ( by the way that gave an awesome buy signal on GJ three bars off the low this morning but i did not know what I was looking at so did not trade it ...lol). I only scored 25 , 20 and 30 today in EU.
Not sure if you trade futures but I see 124 and up oil. I have been long since mid 113. ....almost 800 pips overnight.
Blogging daily now at www.volume.zone
- #22,438
- Aug 21, 2008 4:40pm Aug 21, 2008 4:40pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
i'm no idea, seeing this pair continuously build up bullish candle on m15 timeframe.. i believe that it really need retracement.. perhaps it starting right now..
btw.. what do you mean with "i see you malcolmb.." ? sorry.. just curious..
I am in another thread with pipchick
Blogging daily now at www.volume.zone