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Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

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Trade what you see NOT what you expect

  • #9,201
  • Apr 21, 2009 2:54pm Apr 21, 2009 2:54pm
Quoting cisco
Subtract 4471 from 5070=599x.618=370+4470=4841. HTH
You're measuring 61.8% from different ends of the downtrend.
  • #9,202
  • Apr 21, 2009 2:56pm Apr 21, 2009 2:56pm
Off topic, but, anyone catch the Liverpool Arsenal game?

4-4!

End to end stuff, like watching a basketball match, but without the baskets, or the basketball court, and more players on the pitch, oh ok, it was nothing like a basketball match other than it was end to end. Great game!
  • #9,203
  • Apr 21, 2009 3:07pm Apr 21, 2009 3:07pm
Quoting daffy
Off topic, but, anyone catch the Liverpool Arsenal game?

4-4!

End to end stuff, like watching a basketball match, but without the baskets, or the basketball court, and more players on the pitch, oh ok, it was nothing like a basketball match other than it was end to end. Great game!
A classic!!!!
Patience + Discipline - Greed = Success
  • #9,204
  • Apr 21, 2009 3:27pm Apr 21, 2009 3:27pm
Quoting daffy
You're measuring 61.8% from different ends of the downtrend.
I'm not sure I understand what you're saying.

If price fell from 5070 to 4471, that's a 599 pip fall. A 61.8 retracement of that fall would be a rise to 4841.
Hi, my name is Barry and you can keep your doctor...
  • #9,205
  • Apr 21, 2009 4:20pm Apr 21, 2009 4:20pm
pippin OL'e you long the mistress?
Good Trading To All ; Ken Lee
  • #9,206
  • Apr 21, 2009 4:22pm Apr 21, 2009 4:22pm
Quoting KENNETH lEE
pippin OL'e you long the mistress?
Yes, I have taken 20 pips and I'm BE. Are you?
  • #9,207
  • Apr 21, 2009 4:23pm Apr 21, 2009 4:23pm
Quoting PippiNole
Yes, I have taken 20 pips and I'm BE. Are you?
how you get 20 I got 16 .. seeing if it will break now...Pendant or a flag whichever you prefer both can be drawn.. came off the 50 ema
Good Trading To All ; Ken Lee
  • #9,208
  • Apr 21, 2009 4:30pm Apr 21, 2009 4:30pm
Quoting KENNETH lEE
how you get 20 I got 16 .. seeing if it will break now...Pendant or a flag whichever you prefer both can be drawn.. came off the 50 ema
MB Trading is how. I'm demoing tonight in order to get used to their platform. I am trying to trade it as though it were live so that I won't have to deal with Oanda's high rates.
  • #9,209
  • Apr 21, 2009 4:33pm Apr 21, 2009 4:33pm
Quoting PippiNole
MB Trading is how. I'm demoing tonight in order to get used to their platform. I am trying to trade it as though it were live so that I won't have to deal with Oanda's high rates.
About time LOL.... Great ,It tried to break. Has it going so far ? don't answer I am sure your busy trying to figure it all out. Think I will just look for longs at the moment... Should break up. according to the odds.
Good Trading To All ; Ken Lee
  • #9,210
  • Apr 21, 2009 4:37pm Apr 21, 2009 4:37pm
Quoting KENNETH lEE
About time LOL.... Great ,It tried to break. Has it going so far ? don't answer I am sure your busy trying to figure it all out. Think I will just look for longs at the moment... Should break up. according to the odds.

What's up gang...nice trades.

Or it might break down, like yesterday and then I can look for longs.

Have you notice how both pairs have been running in the same direction...at least these last two weeks that I have looked at them.

HOLLA
  • #9,211
  • Apr 21, 2009 4:41pm Apr 21, 2009 4:41pm
Quoting Turtle
What's up gang...nice trades.

Or it might break down, like yesterday and then I can look for longs.

Have you notice how both pairs have been running in the same direction...at least these last two weeks that I have looked at them.

HOLLA

yep that's why we trade them both similar but not. Bigger moves on E/J though but triggers the same. It might run back down first. Even when or if it breaks up 128.00 been holding pretty good and also r/s at 128.30 area and the 61.8 fib . So let PA lead.
Good Trading To All ; Ken Lee
  • #9,212
  • Apr 21, 2009 4:44pm Apr 21, 2009 4:44pm
Quoting KENNETH lEE
yep that's why we trade them both similar but not. Bigger moves on E/J though but triggers the same. It might run back down first. Even when or if it breaks up 128.00 been holding pretty god and also r/s at 128.30 area and the 61.8 fib . So let PA lead.
Question, how long have you been trading both??

And has both pairs always run similar or are there times when they go opposite?

HOLLA
  • #9,213
  • Apr 21, 2009 4:44pm Apr 21, 2009 4:44pm
Quoting KENNETH lEE
About time LOL.... Great ,It tried to break. Has it going so far ? don't answer I am sure your busy trying to figure it all out. Think I will just look for longs at the moment... Should break up. according to the odds.
This may take a little getting used to but eventually I think it will be good. I need to have a second broker so I can avoid those wide spreads that Oanda seems to keep on until 30 minutes into the Asian session. Tonight it was only 5 pips.

I may have to take a trade or two with Oanda now, they are down to 3 pips.
  • #9,214
  • Apr 21, 2009 4:47pm Apr 21, 2009 4:47pm
Quoting PippiNole
This may take a little getting used to but eventually I think it will be good. I need to have a second broker so I can avoid those wide spreads that Oanda seems to keep on until 30 minutes into the Asian session. Tonight it was only 5 pips.

I may have to take a trade or two with Oanda now, they are down to 3 pips.
I have FX Solutions, spreads are fixed..GU 5 pips...EJ 4 pips.

HOLLA
  • #9,215
  • Apr 21, 2009 4:53pm Apr 21, 2009 4:53pm
Quoting Turtle
I have FX Solutions, spreads are fixed..GU 5 pips...EJ 4 pips.

HOLLA
Oanda typically has good spreads but after the close of the US session they widen them and usually don't bring them back until 30 minutes or so into the Asian session and sometimes it is the same for the London session.
  • #9,216
  • Apr 21, 2009 4:54pm Apr 21, 2009 4:54pm
Quoting Turtle
Question, how long have you been trading both??

And has both pairs always run similar or are there times when they go opposite?

HOLLA

almost all the time it isn't like the GBP/JPY which requires massive stops. You can get away with regular stops here.You will see it follows closelly but also follows the JPY pairs at night adn eur at times..I think it is smoother at times than the cable. If it is not good to trade one day you will see and just leave it..
Good Trading To All ; Ken Lee
  • #9,217
  • Apr 21, 2009 4:57pm Apr 21, 2009 4:57pm
Quoting KENNETH lEE
almost all the time it isn't like the GBP/JPY which requires massive stops. You can get away with regular stops here.You will see it follows closelly but also follows the JPY pairs at night adn eur at times..I think it is smoother at times than the cable. If it is not good to trade one day you will see and just leave it..

Yeah, like the 1HR 62ema, which it seems to respect, unlike the GU did today.

HOLLA
  • #9,218
  • Apr 21, 2009 4:58pm Apr 21, 2009 4:58pm
Did you guys take the EJ short? I took it off the body of the IB.
  • #9,219
  • Apr 21, 2009 5:00pm Apr 21, 2009 5:00pm
Could be a 35/50 rev.
  • #9,220
  • Apr 21, 2009 5:07pm Apr 21, 2009 5:07pm
EO... are you still short?
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