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EURUSD

  • #82,061
  • Apr 1, 2009 6:27am Apr 1, 2009 6:27am
  •  Arnaslt
  • | Joined Mar 2009 | Status: I love this GAME ----->EUR / USD ,] | 18 Posts
Quoting advfntrader
how can you be sucessful trading like this ?? are you ??

as I said everytime I add more indicators and lower the timeframes I lose.
I'm sticking to Daily from now on
if im trading in short trades i usually uses 1 , 5 and max 15 min charts ,]
and im trading sucsesufull ,] (till now tfu tfu tfu ) feel the power from candles ,]
  • #82,062
  • Apr 1, 2009 6:29am Apr 1, 2009 6:29am
Quoting advfntrader
how can you be sucessful trading like this ?? are you ??

as I said everytime I add more indicators and lower the timeframes I lose.
I'm sticking to Daily from now on
if you know how to draw trendlines, multiple fibs to spot fib convergences, and horizontal s/r then there is no reason why you can't trade lower timeframes. go through chris lori allstarfx course or get a mentor andrei pehar is mine. then you can learn more about trading. all forex is is geometry and fibs load my template on previous post and you will see why price is doing what it is i will add more details and repost tomorrow or friday. read also about fibonacci trading. i have a proprietary template that is why i can't show everything. read john murphy technical analysis of financial markets and study steve nison dvds that is my advice. in actuality the more indicators i have the less successful i become from previous experience. i make color coded trendlines fibs and horizontal s/r and that is what has helped me the most and also channels. i do not make my living on forex yet, but if 50 hours a week means full time then i am a full time trader.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #82,063
  • Apr 1, 2009 6:29am Apr 1, 2009 6:29am
Quoting F.x.
You guys have been posting some great charts in the last couple of hours. I especially like the channel lines I'm seeing.




This morning I opened a long at 1.322, which I just now closed at 1.3257.

Now I've opened a small position short. Just for fun, tight SL. My main plays will wait until after news hits, at which time I'll be looking for strong bounces.
I'm with you.

I'm short @ 1.3275, TP 1.3150, SL 1,3300

GT... I hope we don't need GL.
  • #82,064
  • Apr 1, 2009 6:30am Apr 1, 2009 6:30am
I prefer my channel system, works great for entrys and exits and it self draws.

1.3245 was the 24hour SMA, can't plot in a 1Min sadly
Attached Image (click to enlarge)
Click to Enlarge Name: Prefer my Channel System.jpg Size: 212 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82,065
  • Apr 1, 2009 6:31am Apr 1, 2009 6:31am
  •  Arnaslt
  • | Joined Mar 2009 | Status: I love this GAME ----->EUR / USD ,] | 18 Posts
yes . first bad news for $ USD
Challenger Job Cuts y/y
http://www.forexfactory.com/images/m...dar_detail.gif http://www.forexfactory.com/images/misc/progress.gif181.0%http://www.forexfactory.com/images/m...ol_refresh.gif
158.4%
  • #82,066
  • Apr 1, 2009 6:32am Apr 1, 2009 6:32am
e/u goes too steep. but stops at a location. will relax
  • #82,067
  • Apr 1, 2009 6:35am Apr 1, 2009 6:35am
everyone short and it still goes up.
  • #82,068
  • Apr 1, 2009 6:36am Apr 1, 2009 6:36am
is this for MT4 ? good success rate with it ?

Quoting Turveyd
I prefer my channel system, works great for entrys and exits and it self draws.

1.3245 was the 24hour SMA, can't plot in a 1Min sadly
  • #82,069
  • Apr 1, 2009 6:37am Apr 1, 2009 6:37am
Quoting advfntrader
everyone short and it still goes up.
i am long
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #82,070
  • Apr 1, 2009 6:42am Apr 1, 2009 6:42am
Quoting advfntrader
is this for MT4 ? good success rate with it ?

Success rate is through the roof, IF used correctly ofcourse, for trading with the current momentum or picking trend changes.

18wins 0 losses recent history, also as your buying near a SMA line after it's turned back up again, you exit on the line breaking which defines and keeps your losses small.

Sadly I've had a week off trading + and turned back into a worryier that can't push the damn button again, ARRGGGHHHHHHHHHHHHHHHHH!!.

Yes on MT4, there is a 5min chart same lines + 24hour, without the 60,20,5 SMA's.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82,071
  • Apr 1, 2009 6:42am Apr 1, 2009 6:42am
Quoting Turveyd
I prefer my channel system, works great for entrys and exits and it self draws.

1.3245 was the 24hour SMA, can't plot in a 1Min sadly
why not? add a moving average on m1 and change it to 1440
24X60 is 1440
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #82,072
  • Apr 1, 2009 6:44am Apr 1, 2009 6:44am
  •  Arnaslt
  • | Joined Mar 2009 | Status: I love this GAME ----->EUR / USD ,] | 18 Posts
Quoting eaglestar
i am long
agree . im too.
  • #82,073
  • Apr 1, 2009 6:47am Apr 1, 2009 6:47am
..loosing 40 pips so far, I have entered another short at 1.3263. I f this does not work, I can only assume that I am reading it incorrectly!!
Good Trading. (keep it simple).
  • #82,074
  • Apr 1, 2009 6:51am Apr 1, 2009 6:51am
Quoting eaglestar
why not? add a moving average on m1 and change it to 1440
24X60 is 1440

DUDE, Just realised I NEVER tried it on MT4, MT3 only allows upto 999 for a SMA assumed the same, Thanks.

Only recently went MT4.

Check attached with the 24hour!!

5M charts being removed for 2 big 1M charts GBP and EUR THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: With the 24hour.jpg Size: 221 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82,075
  • Apr 1, 2009 6:51am Apr 1, 2009 6:51am
Quoting Jasper
..loosing 40 pips so far, I have entered another short at 1.3263. I f this does not work, I can only assume that I am reading it incorrectly!!
hi...where is your stop??
  • #82,076
  • Apr 1, 2009 6:52am Apr 1, 2009 6:52am
Quoting Jasper
..loosing 40 pips so far, I have entered another short at 1.3263. I f this does not work, I can only assume that I am reading it incorrectly!!
and just when you think you want to give up, that is when it will go short
  • #82,077
  • Apr 1, 2009 6:53am Apr 1, 2009 6:53am
I am long at 1.3210 and again at 1.3230, I think we should be testing 1.3300.
  • #82,078
  • Apr 1, 2009 6:53am Apr 1, 2009 6:53am
Quoting fanabie
hi...where is your stop??
1.3302.
Good Trading. (keep it simple).
  • #82,079
  • Apr 1, 2009 6:53am Apr 1, 2009 6:53am
Quoting Jasper
..loosing 40 pips so far, I have entered another short at 1.3263. I f this does not work, I can only assume that I am reading it incorrectly!!
the volume is constantly decreasing on this upmove, thats not really good for the bulls but looking at 4h charts, i dont like to short it either... but there are news today maybe it will be more clear after that

edit: thats an indicator for placing mtf moving averages
Attached File(s)
File Type: mq4 AllAverages_v2.2.mq4   17 KB | 322 downloads
  • #82,080
  • Apr 1, 2009 6:54am Apr 1, 2009 6:54am
Comin' Down, comin' Down, comin' Down now
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