EURUSD | Page 4947 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #98,921
  • May 21, 2009 12:16pm May 21, 2009 12:16pm
You draw your horizontal lines of res. and support on either side and take smaller profits. Sometimes if the E/U is quiet, I sit out and watch everyone try to guess and get slaughtered. If you take your entries close enough to the SMA, the stopouts are negligable. For instance, I took over 1000 pips this week and I can ride out a few days of consolodation and I can stomach some small losses. Bottom line, if you dont get greedy and take your profits at recent highs and lows, you will be fine. On the other hand, if you are the greedy type, like the 80 % they say don't make it in Forex, you will be completely destroyed.

MK

Quoting notch
Dude, ya one hell of a trader. Please explain how well that SMA technique works in a non-trending market, does it cause alot of whip-lash losses?
  • #98,922
  • May 21, 2009 12:17pm May 21, 2009 12:17pm
2 bearish pattern seen now in H4 chart,

fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu72.gif Size: 16 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #98,923
  • May 21, 2009 12:18pm May 21, 2009 12:18pm
Hello all. After yesterday's strong start and abysmal end I am duly humbled and scared that I don't know what the **** I'm doing.

Here's what I'm looking at on the M15. Looks to me like we're shaping up a large channel. If it confirms, we could be headed back down today.
Attached Image (click to enlarge)
Click to Enlarge Name: 0521.gif Size: 33 KB
  • #98,924
  • May 21, 2009 12:18pm May 21, 2009 12:18pm
Quoting FXexpress
You draw your horizontal lines of res....
what is lot size you are takin on trade? what is risk on trade?
  • #98,925
  • May 21, 2009 12:20pm May 21, 2009 12:20pm
Notch, But if you trade the large charts like I do and then trade the small in between, you must be prepared to have your stops at least 100 pips back. I use the 100 SMA on the 15 min for most stops if I am going to leave a trade on. Just keep your stop on the other side of this and you should be fine. Works for me.

MK

Quoting FXexpress
You draw your horizontal lines of res. and support on either side and take smaller profits. Sometimes if the E/U is quiet, I sit out and watch everyone try to guess and get slaughtered. If you take your entries close enough to the SMA, the stopouts are negligable. For instance, I took over 1000 pips this week and I can ride out a few days of consolodation and I can stomach some small losses. Bottom line, if you dont get greedy and take your profits at recent highs and lows, you will be fine. On the other hand, if you are the greedy type, like the...
  • #98,926
  • May 21, 2009 12:21pm May 21, 2009 12:21pm
Quoting gammase1
Got a feeling he will eventually elaborate and share, but probably for a fee.

For a fee...don't make me laugh. I don't do it like that. I'd much prefer to help folk since it keeps me occupied while waiting for the next position. That in itself is it's own reward.

But if you have contacts on a desk somewhere you may want to give them a heads up about me.

Since there appears to be an interest:

I'll continue to post my AI projections.
Monthly: 1st day of the month.
Weekly: Sunday before market open.
EOD: 11:30pm GMT
4 Hourly: every four hour but may be ad-hoc.

Where possible I'll high-light areas of built-up supply or demand which coincide with the relevent level. I'll also include where the 'Notch Cycle' is and other bits and pieces of this unconventional method. All I ask for in return is that you provide feedback to the forum about how you're using the information (assuming that you use it).
  • #98,927
  • May 21, 2009 12:22pm May 21, 2009 12:22pm
I want to make 10 % per week on my account. I trade 2 lots and pull 1/2 of it at the most recent high. That way, I am always in profit, besides, when it pulls back to the 100 SMA, like it does all the time, I can add more on.

MK

Quoting MuddBugg
what is lot size you are takin on trade? what is risk on trade?
  • #98,928
  • May 21, 2009 12:22pm May 21, 2009 12:22pm
Quoting FXexpress
Notch, But if you trade the large charts like I do and then trade the small in between, you must be prepared to have your stops at least 100 pips back. I use the 100 SMA on the 15 min for most stops if I am going to leave a trade on. Just keep your stop on the other side of this and you should be fine. Works for me.

MK

Ya ya...you mentioned that in your initial post last week.
  • #98,929
  • May 21, 2009 12:23pm May 21, 2009 12:23pm
One last thought before I leave. This pair has got to be exausted, be carefull.

MK
  • #98,930
  • May 21, 2009 12:27pm May 21, 2009 12:27pm
Quoting bagoomba
Hello all. After yesterday's strong start and abysmal end I am duly humbled and scared that I don't know what the **** I'm doing.

Here's what I'm looking at on the M15. Looks to me like we're shaping up a large channel. If it confirms, we could be headed back down today.

...Well at least you have taken the first step toward recovery, acknowledgment

Just never go back to the well for a drink and continue your lifetime membership of the other forex factory website... Forex Anonymous and get yourself a recovering trader as a strong support.

Good luck
  • #98,931
  • May 21, 2009 12:27pm May 21, 2009 12:27pm
Quoting FXexpress
I want to make 10 % per week on my account. I trade 2 lots and pull 1/2 of it at the most recent high. That way, I am always in profit, besides, when it pulls back to the 100 SMA, like it does all the time, I can add more on.

MK
cheers
  • #98,932
  • May 21, 2009 12:29pm May 21, 2009 12:29pm
Daily target hit from posted chart yesterday

If you refer back to yesterday's zoomed out chart by clicking on the link, note the convergence with the current longterm 3900 S/R level from a'rd December 08, and the 62% fib level at the upper left corner of the chart. The fib anchors for that fib are 4867 high and 2334 low.

Bingo...

Additionally, altho not shown, my secondary fib in the middle of yesterdays posted chart with anchors of 3737 high and 2456 Low has a 114% extension at 3924... almost bingo.

That gold bar is an S/R Zone and has been on my charts for weeks now and 3900 is a psych level in the middle of it. Almost a no brainer...

Them's my reasons for drawing that green circle yesterday where I did. Will re-evaluate next week after the Final Sessions end of week book settling is done. I have no idea what might happen next.

Careful trades all... gotta mow the lawn followed by... Ice Cream.
Attached Image
FUBAR...
  • #98,933
  • May 21, 2009 12:30pm May 21, 2009 12:30pm
Quoting gammase1
No worries, Arthur. It is pointless, you are right.

Have positions on now, but only FTSE futures, thankfully short. Case of missed opportunities in FX today.
Jeez, arthur is on ignore but unfortunately I still get to read his garbage in the quote box...today's technology!

Oh so I guess you won't be needing that analysis afterall but you might be interested to know that I can predict the FTSE futures like a young Beckham placing the ball in the back of the net.
  • #98,934
  • May 21, 2009 12:32pm May 21, 2009 12:32pm
Question on carrying trades over weekend...

I have never held my positions over the weekend partly because I have been trading shorter term time frames but this week I began a longer term strategy but I never really thought about what to do at the end of the week.

Any advice?

I have a long from 3443 thats still running, I am anticipating 4200-4300 next week with the possibility of a top between 4404 -4464.

Do I close my trade then reenter on pull back, or just pay the interest and hold?

Peace
  • #98,935
  • May 21, 2009 12:36pm May 21, 2009 12:36pm
Time to take first profit out = 265 pips, Chances for pull back. Next target should be level 5
Attached Image (click to enlarge)
Click to Enlarge Name: EUDUSD21MAY09.png Size: 78 KB
  • #98,936
  • May 21, 2009 12:39pm May 21, 2009 12:39pm
Quoting GrnEydGuy
Question on carrying trades over weekend...

I have never held my positions over the weekend partly because I have been trading shorter term time frames but this week I began a longer term strategy but I never really thought about what to do at the end of the week.

Any advice?

I have a long from 3443 thats still running, I am anticipating 4200-4300 next week with the possibility of a top between 4404 -4464.

Do I close my trade then reenter on pull back, or just pay the interest and hold?

Peace
hope this helps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot-11.png Size: 89 KB
Click to Enlarge Name: Screenshot-12.png Size: 101 KB
Click to Enlarge Name: Screenshot-13.png Size: 101 KB
  • #98,937
  • May 21, 2009 12:41pm May 21, 2009 12:41pm
I can see 1.4192 on my H4 chart ,fibonacci 261.8 as a next move ,any comments?
{Promotion Removed}
  • #98,938
  • May 21, 2009 12:41pm May 21, 2009 12:41pm
On the small term TF, the market may set up a pattern top. I am short off 1.3880 with unusually large SL at today's high.
Incidentally, for anyone looking for setup for reversal counter trend trades, I would recommend Vic's 2B sell, which I use. It may well not quite make the TP if it works out to 1.3810 in my opinion, but has clear SL placement and usually it is small.
For this particular reversal in the market I recommend keying off a move below R1.
  • #98,939
  • May 21, 2009 12:43pm May 21, 2009 12:43pm
Quoting notch
Oh good. I have an interest in your field but I'm finding Wilmotts Quant Finance 3 vol tomb a real challenge. Have you read his books?
Notch,

Thanks for the reference to Wilmott. Ordered the briefer (cheaper) "...Introduces Quantitative Finance" on AmZn. Check back with you in a month or 2 if we're still here.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #98,940
  • May 21, 2009 12:46pm May 21, 2009 12:46pm
Quoting hariusa72
Time to take first profit out = 265 pips, Chances for pull back. Next target should be level 5
how far of a pull back are you thinking?
1,037 traders viewing now