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EURUSD

  • #52,161
  • Dec 23, 2008 2:11am Dec 23, 2008 2:11am
Quoting gatorinla
aud rate cut 300bp and little movement... *amazed*
which rate cut are you referring to, did something just happen?
  • #52,162
  • Dec 23, 2008 2:35am Dec 23, 2008 2:35am
hi is there a TIC equvilent for EURO?
  • #52,163
  • Dec 23, 2008 3:28am Dec 23, 2008 3:28am
Quoting grillz
which rate cut are you referring to, did something just happen?
sorry so late geting back.. just something i read on my softwares streamer. i was scalping after writing that post and out trade at the moment..but soon will re-enter..

not sure how accurate it is..u might want to check news somewhere else. i have not seen ant movement that i would think rate cut would cause.
those who can, do. those who cant, talk about those who can
  • #52,164
  • Dec 23, 2008 5:59am Dec 23, 2008 5:59am
+327 and counting

nice day today....
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  • #52,165
  • Dec 23, 2008 6:07am Dec 23, 2008 6:07am
Quoting junglelion
+327 and counting

nice day today....
pretty good considering the market has only moved about 70 -80 pips
  • #52,166
  • Dec 23, 2008 6:13am Dec 23, 2008 6:13am
Dasnali, it has moved much more than that...

Risky, but tradeable for those with either courage or crazyness, OR just demoing...
Traders are smartasses
  • #52,167
  • Dec 23, 2008 6:20am Dec 23, 2008 6:20am
Quoting Spsantos
Dasnali, it has moved much more than that...

Risky, but tradeable for those with either courage or crazyness, OR just demoing...
not at all risky if you have the strictest MM policy

one more long there
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  • #52,168
  • Dec 23, 2008 6:21am Dec 23, 2008 6:21am
Quoting junglelion
+327 and counting

nice day today....
I guess your the man
  • #52,169
  • Dec 23, 2008 6:35am Dec 23, 2008 6:35am

  1. Open a trade with the lowest lot size
  2. Keep SL at BE when it has moved 3 pips
  3. Follow it to the next fib sequence level.
  4. If SL is hit, try again later.

Just keep collecting 1,2,3, or whatever comes.

  • #52,170
  • Dec 23, 2008 6:53am Dec 23, 2008 6:53am
damn good
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  • #52,171
  • Dec 23, 2008 7:58am Dec 23, 2008 7:58am
New Update:

EUR/USD Sell near 1.4123
GBP/USD Sell near 1.4903
AUD/USD Buy near 0.6763
NZD/USD Buy near 0.5693

USD/CAD Sell near 1.2311
USD/CHF Buy near 1.0753
USD/JPY Buy near 89.63
{Promotion Removed}
  • #52,172
  • Dec 23, 2008 7:59am Dec 23, 2008 7:59am
Quoting junglelion

  1. Open a trade with the lowest lot size
  2. Keep SL at BE when it has moved 3 pips
  3. Follow it to the next fib sequence level.
  4. If SL is hit, try again later.

Just keep collecting 1,2,3, or whatever comes.


can u pls explain in detail what this means
  • #52,173
  • Dec 23, 2008 8:09am Dec 23, 2008 8:09am
Quoting trading801
can u pls explain in detail what this means
in ranging market conditions it is always advisable to open lowest lot size positions

and with this kind of setup, i just can't stop myself from collecting tits.
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  • #52,174
  • Dec 23, 2008 8:15am Dec 23, 2008 8:15am
Scalping mode: on
Begin to collect pips by pips....
1.3950 - 1.4020 range
Manage your risk accordingly and you're half done your home work.
  • #52,175
  • Dec 23, 2008 8:21am Dec 23, 2008 8:21am
Quoting junglelion

  1. Open a trade with the lowest lot size
  2. Keep SL at BE when it has moved 3 pips
  3. Follow it to the next fib sequence level.
  4. If SL is hit, try again later.

Just keep collecting 1,2,3, or whatever comes.

Still confused...
How to now if buy or sell?
Isn't SL of just 3 pips hit very often?
So, you start the day drawing fibo-pips in a chart, and then?
Your help will be really appreciated!
Trading: the skill of avoiding trades
  • #52,176
  • Dec 23, 2008 8:27am Dec 23, 2008 8:27am
like here in this case i know i will get these 4 pips in the current trade
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  • #52,177
  • Dec 23, 2008 8:29am Dec 23, 2008 8:29am
Quoting eswap0
Still confused...
How to now if buy or sell?
Isn't SL of just 3 pips hit very often?
So, you start the day drawing fibo-pips in a chart, and then?
Your help will be really appreciated!
SL should be always in + never in -

so if i have a short at 1.3989 and price goes to 1.3984, my SL becomes 1.3989
  • #52,178
  • Dec 23, 2008 8:33am Dec 23, 2008 8:33am
Quoting junglelion
Provided you follow this strictly:

  1. 0.1% margin trades.
  2. 10 pip trades with SL at previous day close.
  3. previous day close +/- fib sequence of 0 1 2 3 5 8 13 21 34 55 89 144 ......
  4. works in both trending and ranging market conditions.

i'm not doing it right

those sequence are .1, .2, .3 and so on? or put it in as is?
also where do i draw the fib? hi/low of previous day? or close to hi/low?

thanks for your help
  • #52,179
  • Dec 23, 2008 8:34am Dec 23, 2008 8:34am
Quoting junglelion
like here in this case i know i will get these 4 pips in the current trade
got it
  • #52,180
  • Dec 23, 2008 8:38am Dec 23, 2008 8:38am
Fib Sequence:

Each next number is a sum of the previous two numbers

Like 01 1 2 3

0+1 = 1
1+1 = 2
1+2 = 3
2+3 = 5
3+5 = 8

0 1 1 2 3 5 8 13 21 34 55 89 144 233 377 610 987 1597 ....

consider these as pips and add or minus them from previous day close to get your trade levels.

as an indicator this code can give you the previous day close

iClose(Symbol(),PERIOD_D1,1);

Then just do the math or write it as an indicator to get lines on chart automatically.

The yellow line is my previous day close.
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