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  • #104,881
  • Jun 2, 2009 8:32pm Jun 2, 2009 8:32pm
Quoting 5abi
Howdy bro? Any bright ideas of late? what ya are upto now?

Yo dude, patched together various tricks I've learned over the years, found some nice range areas and setups which work nicely.

Check out this 1, 200SMA, Envelope 200sma 0.22% and another 200SMA 0.40%.

If the market moves to the lower 0.22% line and is showing support, go Long aim for 200sma, if taken out easy aim for higher 0.22% line.

If the 0.22% breaks, wait for the market to move back over, go long odds are back to sma200 or upper .22% or more.

Working well, same logic with the .40% line it rarely gets beyond that unless it's a Hugely powerful move.

Only been demo for a week or so, but looking good and the fog of war has lifted, back in live soon
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #104,882
  • Jun 2, 2009 8:32pm Jun 2, 2009 8:32pm
Quoting Turveyd
EJ is the baby these days, 30 pip+ Scalps sometimes 80 area.


There is a pic of whats happened, and my current setup.

I also view the market ( although not perfect ) as ranges based around SMA, which works well and stops you going long near a potential top.
Thanks Turveyd. I will try this pair with three different SMAs.
The Thief of Wall Street
  • #104,883
  • Jun 2, 2009 8:33pm Jun 2, 2009 8:33pm
Quoting Turveyd
The problem is though you need 2 sets of tools, if your playing for Chop
Turveyd, I looooove chop. Key is setting a tight TP after identifying probable range of same.

Do this if you is tired of being poor: Wait for the best time, EU or EJ, either one, its Frankfort to mid-London. Watch for runs of 5-pip candles on M1 & watch for visible up-down movement of candle body. Buy or sell within this oscillation range for small profit, TP of 3-4 pips. Watch it work over and over and increase the lot size as you gain confidence. Given right conditions 50 pip/hr is possible.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #104,884
  • Jun 2, 2009 8:40pm Jun 2, 2009 8:40pm
Quoting The Fool
Turveyd, I looooove chop. Key is setting a tight TP after identifying probable range of same.

Do this if you is tired of being poor: Wait for the best time, EU or EJ, either one, its Frankfort to mid-London. Watch for runs of 5-pip candles on M1 & watch for visible up-down movement of candle body. Buy or sell within this oscillation range for small profit, TP of 3-4 pips. Watch it work over and over and increase the lot size as you gain confidence. Given right conditions 50 pip/hr is possible.

I normally wait so long for the range to establish, 10 seconds after I get in as it's at the bottom and going down it normally falls through the support and costs me LOL

But I have no luck
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #104,885
  • Jun 2, 2009 8:43pm Jun 2, 2009 8:43pm
I know, I am a whore too....I take it either "side"

Quoting knuckledrag
Ok lets say your right. Your risking a stop loss of what 30-40 pips, ok sounds fine. Now lets do it the other way.

Say you had a trade in the green from some where like 1.3920 that you had taken profit out of to pay for your time but you were still holding, and maybe you were holding others that you had also taken profit out of. Maybe looking at a retrace would look different. Lets say instead of risking 30-40 pips on a stop you just took more profit hoping to buy again at 1.425-1.424 Going with the trend has nothing to do with tops/bottoms,...
  • #104,886
  • Jun 2, 2009 8:45pm Jun 2, 2009 8:45pm
Quoting Turveyd
I normally wait so long
Chop chop! Entry is key. Limit orders or buy orders either one may get slipped. But if there is enough raw movement (aka liquidity) your little TP is gonna get touched! That's nice....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #104,887
  • Jun 2, 2009 8:49pm Jun 2, 2009 8:49pm
Quoting The Fool
Chop chop! Entry is key. Limit orders or buy orders either one may get slipped. But if there is enough raw movement (aka liquidity) your little TP is gonna get touched! That's nice....
Try the template I attached on the previous page for EJ, the 1 dotted Envelope, EJ's been chopping nicely between the 2 lines for upto 40pips per chop.

Thats the kinda chop I'm after, 2x's my SL

Greedy yes, I not only want to make profits, I want to master every aspect of this game it's my personal challenge
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #104,888
  • Jun 2, 2009 8:52pm Jun 2, 2009 8:52pm
Quoting Turveyd
Greedy yes,
Greed kills. But good luck, amigo.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #104,889
  • Jun 2, 2009 8:54pm Jun 2, 2009 8:54pm
took a gamble !!!

short at 10cent per pip SL 100


i somehow feel it should retrace LOL
  • #104,890
  • Jun 2, 2009 8:59pm Jun 2, 2009 8:59pm
Quoting The Fool
Greed kills. But good luck, amigo.
It surely does do, but if I'm not 1 step ahead of the game I SUCK so sadly I've got to master it no easy cheats for me

Shorted EJ 200sma 0.22 Envelope and 34ema's 0.15 called a top so far +15 back to 60sma so caution.

* Only Demo need 1 day demo I hate demo bored me *

EU reversed against off the 200sma perfectly to.

Buyers out +13!! Had +20 as easy as but typing
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #104,891
  • Jun 2, 2009 9:30pm Jun 2, 2009 9:30pm
euro wedge traded her might see upside to 1.43
  • #104,892
  • Jun 2, 2009 9:43pm Jun 2, 2009 9:43pm
i think Today the main trend is decline ..but before it decline it have a potential to go again 1.4325-4375 area.. I suggest better to sit back cool n relax..n watch the sure point to load shorts,

Thats my opinion..
  • #104,893
  • Jun 2, 2009 9:44pm Jun 2, 2009 9:44pm
EUR-USD made another high Tuesday. (See Previous post).

Looking at DAILY Chart it seems that we can go UP further. See DAILY Chart. Looking at WEEKLY chart we see the down trendline and wave C-D objective come around the same area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd1.gif Size: 12 KB
Click to Enlarge Name: eur-usd2.gif Size: 18 KB
  • #104,894
  • Jun 2, 2009 10:20pm Jun 2, 2009 10:20pm
here is my trade levels

http://4.bp.blogspot.com/_Xhqd2VXH_X...600/forex3.gif

_________________________

support resistance

.
  • #104,895
  • Jun 2, 2009 10:26pm Jun 2, 2009 10:26pm
I'm a bit confused. Everyone seems to mention NFP. NFP = Non Farm Payroll am I right. So when is this NFP will be coming. this week or next week or when? I don't see NFP in the calendar this week.
Gambling with PA
  • #104,896
  • Jun 2, 2009 10:36pm Jun 2, 2009 10:36pm
Fri

Jun 5





GMT

12:30 PM

http://www.dailyfx.com/export/sites/...co-cal-USD.gif USD Change in Non-farm Payrolls (MAY) http://www.dailyfx.com/export/sites/...o-cal-High.gif
-521K -539K http://www.dailyfx.com/export/sites/...o-cal-plus.gif
  • #104,897
  • Jun 2, 2009 10:39pm Jun 2, 2009 10:39pm
Quoting gurangax
I'm a bit confused. Everyone seems to mention NFP. NFP = Non Farm Payroll am I right. So when is this NFP will be coming. this week or next week or when? I don't see NFP in the calendar this week.

every first working friday of the month crazy PA may happen during such .. like a 100 pip in 1 min
  • #104,898
  • Jun 2, 2009 10:41pm Jun 2, 2009 10:41pm
Quoting TrooperCoope
Fri

Jun 5





GMT

12:30 PM...

Thanks FF use Non-Farm Employment Change which makes me confused
Gambling with PA
  • #104,899
  • Jun 2, 2009 10:46pm Jun 2, 2009 10:46pm
I enjoyed the nice moves Euro made over the past few days, but now I think it will hit resistance, and consolodate/retrace for a bit...
Attached Image (click to enlarge)
Click to Enlarge Name: Jun0209 - Euro Resistance.JPG Size: 184 KB
  • #104,900
  • Jun 2, 2009 11:03pm Jun 2, 2009 11:03pm
looks like we are heading to new long rally, at least to test top fibs
"Do or do not... there is no try" Master Yoda
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