I didn't know until I just tuned in to catch up. Enjoy!
- #8,121
- Mar 13, 2009 3:08am Mar 13, 2009 3:08am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #8,125
- Mar 13, 2009 5:37am Mar 13, 2009 5:37am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
Hi All:
Anyone of the opinion that we have seen an intraday top for the pairs at the moment? Take care.
Have a good one
Jeff
While I'm seeing EU dropping like a rock, Cable just like heavy train that wouldn't move at all. MR2 plays very good this time. 4-5 times it is tested but still doesn't break yet.
And the bad side is: I'm trading GU this last hour
No loss, but got only minor profit 
.
Manage your risk accordingly and you're half done your home work.
- #8,126
- Edited 6:47am Mar 13, 2009 5:47am | Edited 6:47am
Yes, price actions to the upside of Gbp/Usd has been halted by my 60-min Median line. As with Gbp/Usd, I surmise it will take a bit more time before we can make a decisive directional bias of the pair (As of now, I am still short bias on Gbp/Usd). Eur/Usd's upside has also been 'slowed' by the 60-min Median Line as well. Thank you for your input on the queries. Trade well & be well
Have a good one
Jeff
Have a good one
Jeff
Guess you're right for EU Jeff. But for Cable, hmm...
While I'm seeing EU dropping like a rock, Cable just like heavy train that wouldn't move at all. MR2 plays very good this time. 4-5 times it is tested but still doesn't break yet.
And the bad side is: I'm trading GU this last hour
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~*~You are only one trade away from humility~*~
- #8,127
- Mar 13, 2009 6:10am Mar 13, 2009 6:10am
- Joined May 2006 | Status: Still here. | 2,602 Posts
I'm not good in making a cake. But for one of the finest lady in FF, let me try...
Happy Birthday to you CC. I'm Hoping the best for your health, family and trading career.
Attachment
PS: Don't know how it tastes. Just blow the candles before it reverse!
Thanks to everyone for the congrats and enjoy the party!
- #8,128
- Mar 13, 2009 7:57am Mar 13, 2009 7:57am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Good morning all,
Here's a trade that set up beautifully. I got a text msg alert for bullish divergence on both M15 and M5. Since I was already looking at the charts, I was ready for this one. Trusting the divergence signals, I went long at 1.2895: SL=1.2870, TP=1.2940, Trailing Stop (TSL)=15. Uh oh, then I looked up and realized I'd made this trade 13 minutes before the 1230gmt USD news! I watched carefully and as soon as my trade got to +7, I went ahead and set SL to breakeven (2895). Son of a gun, divergence followed through with little to no news impact, and we even got an M15 Trix cross thrown in.
Price got to about +37 before it eventually fell back and dumped me out at +22 (1.2917). I could have closed the trade at +37, +35, +30 or anywhere better than +22, but I did not want to miss a possible ride to the daily high (2957) or the double top (2991), and I chose not to be greedy.
I have found divergence signals on M5 and higher to be very reliable. Here's my chart, and I hope it's helpful to someone new. On the other hand, there are so many good THV traders on here now, this probably looks too simple.
Here's a trade that set up beautifully. I got a text msg alert for bullish divergence on both M15 and M5. Since I was already looking at the charts, I was ready for this one. Trusting the divergence signals, I went long at 1.2895: SL=1.2870, TP=1.2940, Trailing Stop (TSL)=15. Uh oh, then I looked up and realized I'd made this trade 13 minutes before the 1230gmt USD news! I watched carefully and as soon as my trade got to +7, I went ahead and set SL to breakeven (2895). Son of a gun, divergence followed through with little to no news impact, and we even got an M15 Trix cross thrown in.
Price got to about +37 before it eventually fell back and dumped me out at +22 (1.2917). I could have closed the trade at +37, +35, +30 or anywhere better than +22, but I did not want to miss a possible ride to the daily high (2957) or the double top (2991), and I chose not to be greedy.
I have found divergence signals on M5 and higher to be very reliable. Here's my chart, and I hope it's helpful to someone new. On the other hand, there are so many good THV traders on here now, this probably looks too simple.
Up or down, gimme a ticket
doblece, - #8,131
- Mar 13, 2009 8:34am Mar 13, 2009 8:34am
"this probably looks too simple".
Why did I highlight the above...cause trading can be as simple as what you've shown there..many traders drown in an overflow of signals and indicators whilst the best trades are made upon entering with the right signal..as simple as that..
Just for your info...I use NO indicator whatsoever...draw the correct (avg, fib, gann, channel) lines, know the correct pivot & resistance levels and most important try to understand what "drives" the market, fundamentals & correlations and trading suddenly can become a lot more simple...
Just my 2 cents...
- #8,132
- Mar 13, 2009 9:12am Mar 13, 2009 9:12am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Nice trade and well explained ED...
Why did I highlight the above...cause trading can be as simple as what you've shown there..many traders drown in an overflow of signals and indicators whilst the best trades are made upon entering with the right signal..as simple as that..
Just for your info...I use NO indicator whatsoever...draw the correct (avg, fib, gann, channel) lines, know the correct pivot & resistance levels and most important try to understand what "drives" the market, fundamentals & correlations and trading suddenly can...
Up or down, gimme a ticket
- #8,133
- Mar 13, 2009 9:45am Mar 13, 2009 9:45am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
- #8,136
- Mar 13, 2009 10:22am Mar 13, 2009 10:22am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Up or down, gimme a ticket
- #8,137
- Mar 13, 2009 10:34am Mar 13, 2009 10:34am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
Have a good weekend everyone.
I've just begin to open my second session trade. And, just look at those last bear candles. Aren't they so tempting to be passed?
Manage your risk accordingly and you're half done your home work.
- #8,138
- Mar 13, 2009 11:30am Mar 13, 2009 11:30am
- Joined May 2006 | Status: Still here. | 2,602 Posts
- #8,140
- Edited 12:23pm Mar 13, 2009 12:02pm | Edited 12:23pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts