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EURUSD

  • #105,561
  • Jun 3, 2009 7:35pm Jun 3, 2009 7:35pm
Quoting Elghoz
yes i use indisc
What type of indicator?
Gambling with PA
  • #105,562
  • Jun 3, 2009 7:39pm Jun 3, 2009 7:39pm
Quoting candlesticks
EUR-USD held 1.4100 area and got a push higher. The volume in overnight trading is low. Should pick up when European/London markets open.

Attached is a 4 HOUR chart of EUR-USD. The next resistance level is at 1.4246 and then Tuesday's High 1.4338.

IF 1.4100 area is broken to the down side, sellers will enter the market moving it to 1.4050 area and lower.
1.41 is very key right now.
I see your using MACD with Phillip Nel strategy, his technique is very profitable if you able to spot the patterns whithin it.
  • #105,563
  • Jun 3, 2009 7:42pm Jun 3, 2009 7:42pm
Just wanna share tip for scalpers like myself. They are some movement opportunities every 5 min ,15 min ,30 min ,1 hour by using the MACD indi. I made my scalp 10 pips for non news movements and max 50 pip for important news movement. Just sharing my style.
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  • #105,564
  • Edited 7:50pm Jun 3, 2009 7:44pm | Edited 7:50pm
Quoting Chicky
[..]
Since you are in, I would appreciate some hint on how to find better odds in a situation like this, that is, when 1H is ranging and Daily shows two equal bars parallel to each other. This is an honest question in order to learn from you.
I don't pursue the role of a teacher, even more when I assume that i'm a learner throughout my life, but I can tell you my approach right now, this isn't permanent method, I use several methods depending on volatility, news days, vacation days... so right now what i'm doing in EURUSD is...

.1 - Not trading asian sessions..
.2 - Catching an entry around 7-9am GMT

How I define odds? If i believe trend is up, i'll look for a significant retrace from a previous move (support level) that coincides with other historic support/resistance levels, psych levels, EW count, murray math. The more the levels match, most probable it is, and odds are best around there... then i'll wait and see how price behaves around those levels (pinbars, engulfing bars.. etc) to determine the entry... I do this intraday.

I also use what is described at James thread, always looking for pinbars on dailys at previously known resistance/support levels...

EDIT: With a very strict Money Management, always 2-3% independent of Stop loss distance, so lot size is variable.

And a few more... but it's 3:40 am here, and it is a lot more to write, maybe another day on a more appropriate place instead of this thread...

Sorry about the off-topic.
Traders are smartasses
  • #105,565
  • Jun 3, 2009 7:45pm Jun 3, 2009 7:45pm
Quoting TrooperCoope
Good morning all!

Entered long at 1.41673 with SL at BE already.

Good pippin yall!
why long ?
  • #105,566
  • Jun 3, 2009 7:47pm Jun 3, 2009 7:47pm
guys iam in sell 4160 any sugestion ?????????????????????
  • #105,567
  • Edited 7:50pm Jun 3, 2009 7:50pm | Edited 7:50pm
Quoting Spsantos
I don't pursue the role of a teacher, even more when I assume that i'm a learner throughout my life, but I can tell you my approach right now, this isn't permanent method, I use several methods depending on volatility, news days, vacation days... so right now what i'm doing in EURUSD is...

.1 - Not trading asian sessions..
.2 - Catching an entry around 7-9am GMT

How I define odds? If i believe trend is up, i'll look for a significant retrace from a previous move (support level) that coincides with other historic support/resistance levels, psych...
Spsantos, Thanks a lot. I got the main idea. Thanks for writing more than your usual one liners to help me.
The Thief of Wall Street
  • #105,568
  • Jun 3, 2009 7:50pm Jun 3, 2009 7:50pm
Quoting Elghoz
guys iam in sell 4160 any sugestion ?????????????????????
Yes. Stay with your own system. You don't even understand proper english.
Gambling with PA
  • #105,569
  • Jun 3, 2009 8:01pm Jun 3, 2009 8:01pm
hi anyone do sell and where is top loose
  • #105,570
  • Jun 3, 2009 8:02pm Jun 3, 2009 8:02pm
Quoting Chicky
Spsantos, Thanks a lot. I got the main idea. Thanks for writing more than your usual one liners to help me.
No problem chicky, i'm sorry if sometimes I sound harsh, but that's not my intent nor nature. I do like to take some time to learn the most that I can, so i'm usually more into learning and absorving information...

It's very difficult to me to share because my "system" is highly selective, it isn't has a usuall system should be... (like very well explained in this historic post from Merlin: http://www.forexfactory.com/showthread.php?t=4446 ) Basicly what i do is identify the fundamental position were in, and use the system I find appropriate for that situation...

Maybe when i feel what I know maybe usefull to someone else, i'll evolve... but no yet!

And above all, i'm a happy person, I react very positively to almost everything, so i take this "trading stuff" with a smile and I don't give it the importance of a life and death situation

So if any of you think i'm being harsh, i'm sorry, not my intent! I rarely use the sarcastic smiley!
Traders are smartasses
  • #105,571
  • Jun 3, 2009 8:04pm Jun 3, 2009 8:04pm
hi plz some one tell me what isthe trend up or down plz iam in margin fewpips i will loose my accont
just want to know iam in up trend or down trend now
  • #105,572
  • Jun 3, 2009 8:06pm Jun 3, 2009 8:06pm
Quoting Elghoz
hi plz some one tell me what isthe trend up or down plz iam in margin fewpips i will loose my accont
just want to know iam in up trend or down trend now
Congratz
Gambling with PA
  • #105,573
  • Jun 3, 2009 8:11pm Jun 3, 2009 8:11pm
Quoting Elghoz
hi plz some one tell me what isthe trend up or down plz iam in margin fewpips i will loose my accont
just want to know iam in up trend or down trend now
Up trend but that might change within 24 hours.
You have just taken too much risk, no s/l or so?
Maybe if you get a real margin call that will be a great lesson.

Some people really do need margin calls before they learn.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #105,574
  • Jun 3, 2009 8:12pm Jun 3, 2009 8:12pm
Persistent fellow...

like I said earlier, dont have poeple making your own decisions thats is going to hurt your account even worse.

advices like these are ok I guess

Quoting Elghoz
hi plz some one tell me what isthe trend up or down plz iam in margin fewpips i will loose my accont
just want to know iam in up trend or down trend now
"Do or do not... there is no try" Master Yoda
  • #105,575
  • Edited 8:13pm Jun 3, 2009 8:13pm | Edited 8:13pm
Quoting Spsantos
No problem chicky, i'm sorry if sometimes I sound harsh, but that's not my intent nor nature. I do like to take some time to learn the most that I can, so i'm usually more into learning and absorving information...

It's very difficult to me to share because my "system" is highly selective, it isn't has a usuall system should be... (like very well explained in this historic post from Merlin: http://www.forexfactory.com/showthread.php?t=4446 ) Basicly what i do is identify the fundamental position were in, and use the system I find...
No man, I felt your response no way sarcastic. You are one of the few people on this forum I have great respect for. Today you showed me something which I never knew before and very very important for my system, that is 1) how to check odds, 2) looking also into the future. I am really grateful for that. Thanks for the link. I am going to re-read your these posts several times over. Thanks again.
The Thief of Wall Street
  • #105,576
  • Jun 3, 2009 8:13pm Jun 3, 2009 8:13pm
hi plz i just want a idea what i do
iam doing sell
from 4160
what i do
is that posiblem go down and what if go up more?
where i should put my stop loose plz
  • #105,577
  • Jun 3, 2009 8:15pm Jun 3, 2009 8:15pm
I currently have a long open, with s/l at be, but I'll close it maybe soon.
Actually we might go down quite a bit more.
I have a limit short open "Jacko Style" @ 1.4065 that expires a month from now.
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #105,578
  • Jun 3, 2009 8:15pm Jun 3, 2009 8:15pm
Quoting Elghoz
hi plz i just want a idea what i do
iam doing sell
from 4160
what i do
is that posiblem go down and what if go up more?
where i should put my stop loose plz
I suggest you ask this question in another arabic trading forum.
Gambling with PA
  • #105,579
  • Jun 3, 2009 8:19pm Jun 3, 2009 8:19pm
Quoting Elghoz
hi plz i just want a idea what i do
iam doing sell
from 4160
what i do
is that posiblem go down and what if go up more?
where i should put my stop loose plz
How many pips have you left that you can lose? 10? or more?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #105,580
  • Jun 3, 2009 8:20pm Jun 3, 2009 8:20pm
here is my trade levels

http://1.bp.blogspot.com/_Xhqd2VXH_X...600/forex3.gif

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support resistance

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