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  • #98,721
  • May 21, 2009 6:11am May 21, 2009 6:11am
Quoting gatorinla
Quote:
Originally Posted by knuckledrag http://www.forexfactory.com/images/buttons/viewpost.gif
Historic range Up is as likely as down. It's Bemac's work I'm still looking for real world trade apps. Later dude nap time


posted this last night before you left.

You know, I think people are hiding stops up there
I'm still playing with Bemac's fib setup. What do you think?
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  • #98,722
  • May 21, 2009 6:13am May 21, 2009 6:13am
Quoting TheFisherman
... and again until everyone understands. Trading EUR/USD vs USD/YEN = trading EUR/YEN. That clear, or need more details?

Exactly, and it will be close to equal out each other and then you have to "know" the direction of the strongest one anyway... easier with a smaller lot and one currency..
  • #98,723
  • May 21, 2009 6:17am May 21, 2009 6:17am
Quoting Larseg
Sarcasm?

I meant it. I have read the article and just attempting to devise a number of experiments to run. I tested a similar type of strategy a few years ago but didn't get very far. Maybe now I have more experience I can find an edge.
  • #98,724
  • May 21, 2009 6:19am May 21, 2009 6:19am
Quoting Larseg
Exactly, and it will be close to equal out each other and then you have to "know" the direction of the strongest one anyway... easier with a smaller lot and one currency..

Yes, there are obvious elements about it but I still think it is worth revisiting. Maybe run an experiment for a few hours. See what I come up with. From my perspective it is just important to have new areas to explore or even old areas to reexplore in a different way.
  • #98,725
  • May 21, 2009 6:21am May 21, 2009 6:21am
Quoting knuckledrag
You know, I think people are hiding stops up there
I'm still playing with Bemac's fib setup. What do you think?
i know im the minority but i wanna short it..check out #98709 . if we get worse employment news equitys may fall also.. its a crap shoot..i may short above 3800 since dp is 3730. whats your thought?
those who can, do. those who cant, talk about those who can
  • #98,726
  • May 21, 2009 6:21am May 21, 2009 6:21am
kinda bearish on the pair this am
  • #98,727
  • May 21, 2009 6:24am May 21, 2009 6:24am
Quoting nAVIN2007
Panic isn't the issue, it's not willing to risk losing a setup so taking stupid setups.

M1 is FINE couldn't and wouldn't trade any other way.
u have identified exactly the problem, and to expand on it , yur seeing to many setup because its a 1 minute chart..i know if u tried a higher time frame, yur trading would change..its more reliable and will cure the over trading..u shoud give it a go.[/quote]


NOPE indeedy, M1 merely provides a level of detail I require, if I could afford expensive chart package I'd likely be running 10S seriously!!

The amount of trades placed with this detail is irrelevant.

You can not spot S/R short term and Supply / Demand on a M5 or higher chart, which is whats working at the moment, some times exiting for +6 others getting lucky and getting 20+.

Work I guess
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #98,728
  • May 21, 2009 6:26am May 21, 2009 6:26am
My initial TP 1.3759
  • #98,729
  • May 21, 2009 6:26am May 21, 2009 6:26am
Quoting notch
Yes, there are obvious elements about it but I still think it is worth revisiting. Maybe run an experiment for a few hours. See what I come up with. From my perspective it is just important to have new areas to explore or even old areas to reexplore in a different way.

As long as back testing is fine... you're ok

I agree that having different currency's and different systems on them is a good spread and often works good since they are moving opposite... In other words one will reach SL while the other hit TP 1:3... etc..
  • #98,730
  • May 21, 2009 6:30am May 21, 2009 6:30am
Quoting gatorinla
i know im the minority but i wanna short it..check out #98709 . if we get worse employment news equitys may fall also.. its a crap shoot..i may short above 3800 since dp is 3730. whats your thought?
With you
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  • #98,731
  • May 21, 2009 6:30am May 21, 2009 6:30am
Quoting TIckerShuffl
kinda bearish on the pair this am
im kicking myself in the ass for not shorting last night.. i was busy shorting gy... did very well..ridding it up and down yesterday several times.
those who can, do. those who cant, talk about those who can
  • #98,732
  • May 21, 2009 6:31am May 21, 2009 6:31am
notch

arbitrage is what you want...
http://www.thebull.com.au/articles_detail.php?id=2827

here you go...
  • #98,733
  • May 21, 2009 6:33am May 21, 2009 6:33am
Quoting Turveyd

You can not spot S/R short term and Supply / Demand on a M5 or higher chart, which is whats working at the moment, some times exiting for +6 others getting lucky and getting 20+.

Work I guess
I have traded the 1 min and know it works. The problem is trader fatigue for me. I would recommend stick to what works for you.
  • #98,734
  • May 21, 2009 6:40am May 21, 2009 6:40am
Quoting welshguy2000
I have taken a long on EUR/USD. I entered on a pull back to the 8EMA on the 1H, the reasons for the trade are as follows:

1) 4H closed above the bearish engulfing candle on the 15-05-2009 (16:00).
2) Belt holding signal candle close on the 4H chart which has found support off the 8EMA.
3) Price action placed a higher high on the 1H (by 2 pips) .
4) Hammer formation on the 1D which has found support on the 21EMA showing momentum to the upside.

Entry @ 1.3635
TP: 1.3737 (Just below 100% fib retracement line)
Sl: 1.3425

I will be posting...
I have just uploaded the video review of my long trade yesterday which netted me +92. Please contact me if you have any questions:

Inserted Video


I will be uploading the next lesson hopefully tomorrow so subscrive to the channel to receive email updates.

Cheers WG
  • #98,735
  • May 21, 2009 6:40am May 21, 2009 6:40am
It just me or you guys feel the same? -- I can see the people accessing EU thread in FF is become smaller which can be either of these two: some gave up forex or got a real heart attack after several losses or margin call
  • #98,736
  • May 21, 2009 6:40am May 21, 2009 6:40am
Quoting knuckledrag
With you
the number you speak of may be 3843 area. its up there somewhere.. hey if so were building the head day on the hs now..its only 1200 pips *L*
those who can, do. those who cant, talk about those who can
  • #98,737
  • May 21, 2009 6:41am May 21, 2009 6:41am
USD
Unemployment Claims

coming up.

may be crazy elevator.. so i reduced my positions..

hopping on after it settles again
  • #98,738
  • May 21, 2009 6:46am May 21, 2009 6:46am
Quoting gatorinla
the number you speak of may be 3843 area. its up there somewhere..
I was thinking 3847ish 3850ish and the climb maybe back on. Until then I'm taking shorts
  • #98,739
  • May 21, 2009 6:48am May 21, 2009 6:48am
closed out my short for pips
  • #98,740
  • May 21, 2009 6:48am May 21, 2009 6:48am
Quoting knuckledrag
I was thinking 3847ish 3850ish and the climb maybe back on. Until then I'm taking shorts
close enough lets build this head on the hs its only 1200 pips to bottom..
those who can, do. those who cant, talk about those who can
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