Just digging in the trenches like everyone else!
Cable Update (GBPUSD)
- #116,661
- Jan 30, 2009 11:06am Jan 30, 2009 11:06am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
- #116,662
- Jan 30, 2009 11:07am Jan 30, 2009 11:07am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #116,664
- Jan 30, 2009 11:09am Jan 30, 2009 11:09am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #116,665
- Jan 30, 2009 11:11am Jan 30, 2009 11:11am
- | Joined Jun 2007 | Status: full-time trader wannabe | 975 Posts
Yes... I decided not to publish my entrys here because some people here got mad with my posts... I don't know why?
But It has been an excellent month for us and all of the people that followed my entrys....
today we completed 18 trades in this month and the Entrys won 17 times (+120 pips each) and only 1 Trade lost (-178 pips) {WAF Config.}
Really It has been an excellent and Amazing Month... My best month so far!!!
oh how i feel you ! was an excellent month for me too
Twitter: @forexpokerpro
- #116,666
- Jan 30, 2009 11:13am Jan 30, 2009 11:13am
- | Membership Revoked | Joined Jan 2009 | 266 Posts
Very interesting analysis and proven now !
I attache my chart - stoch 5,5,5.
1. What is the blue and ride line ?
2. What is 10 sma pivot 90% ?
Thanx !
The blue line represents the current market price and the red line is 5 day moving average price using the 5,5,5 pks parameters.
In simple terms, George Lane's stochastic oscillator measures the current currency price compared to its historical price for a given time period. This study is one of the most commonly followed indicators in the FX market. It measures the degree by which a currency is overbought or oversold. The scale for the indicator is 0 to 100. Readings above 80 indicate overbought conditions and reflect the fact that the currency is strong and the price is closing near the high of the trading range. Readings below 20 indicate oversold conditions and reflect the fact that the currency is weak and is closing near the low of the trading range.
Trade Signal: When the two lines cross over 80 or under 20, which is best identifiable with daily charts for trend and reversal. There must be a clear break out, and the further the distance between current price and moving average price, the greater the momentum.
Stochastics are most useful in measuring the strength of a trend or as a coming reversal in prices. Many traders find that the best trading opportunity comes when their stochastic indicator is flattening out or moving in the opposite direction of prices. When these divergences occur, it's time to book profits and/or to establish a position in the opposite direction of the prior trend.
10 day sma (Simple Moving Average
This gives equal weight to each price point over the specified period. The user defines whether the high, low or close is used and these price points are added together and averaged. This average price point is then added to the existing string and a line is formed. With the addition of each new price point the sample set drops off the oldest point. The simple moving average is probably the most widely used moving average. It's best to recognize trends on a 10-day moving average on daily charts, when breaks normally reverses trend. One should enter this market on short with a stop above on long on break with a stop below
- #116,669
- Edited 11:38am Jan 30, 2009 11:24am | Edited 11:38am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #116,671
- Jan 30, 2009 11:34am Jan 30, 2009 11:34am
Took a small long @1.4219 with a large s/l in the early hours of this morning GMT. Closed trade @ 1.4428 just after I got in from work. Nice to come home and close some green pips just b4 the week end. S/l was 200
just after I got in from work. Nice to come home and close some green pips just b4 the week end. S/l was 200
- #116,674
- Jan 30, 2009 11:44am Jan 30, 2009 11:44am
- Trader#4F60
- | Status: Unregistered Trader
traders... beware of the shorts...
if this holds above 1.4440 then next week it will continue to rise to around 1.5000 or more...
until Monday, has been great reading your posts.
FX trading is like a regular job. figure out what your daily amount is u wish to earn, and go for it. intraday trading combined with intraday trading can be profitable, and it can keep you out of trouble...
may you all have a safe and enjoyable weekend.
GO CARDINALS
http://www.forexfactory.com/showthread.php?t=37111
if this holds above 1.4440 then next week it will continue to rise to around 1.5000 or more...
until Monday, has been great reading your posts.
FX trading is like a regular job. figure out what your daily amount is u wish to earn, and go for it. intraday trading combined with intraday trading can be profitable, and it can keep you out of trouble...
may you all have a safe and enjoyable weekend.
GO CARDINALS
http://www.forexfactory.com/showthread.php?t=37111
- #116,675
- Jan 30, 2009 11:45am Jan 30, 2009 11:45am
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
- #116,680
- Jan 30, 2009 12:14pm Jan 30, 2009 12:14pm
- | Commercial User | Joined Mar 2007 | 2,287 Posts