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EURUSD

  • #105,761
  • Jun 4, 2009 3:15am Jun 4, 2009 3:15am
Quoting Pipko
What is BE?
break even.
  • #105,762
  • Jun 4, 2009 3:16am Jun 4, 2009 3:16am
Don't you think that it gonna be "head and shoulders" in the H1 timeframe? It seems, that the figure is forming at the moment...
  • #105,763
  • Jun 4, 2009 3:17am Jun 4, 2009 3:17am
Quoting TrooperCoope
break even.
Thanks, but what are you breaking even with. You had a bad trade and BE means you cover the loss?
  • #105,764
  • Jun 4, 2009 3:18am Jun 4, 2009 3:18am
Quoting GFSignals
Don't you think that it gonna be "head and shoulders" in the H1 timeframe? It seems, that the figure is forming at the moment...

It needs to complete first. I have forgotten the amount of times I have seen an apparent H&S fail to materialise but it has been many many times. Probably the same for us all.
  • #105,765
  • Jun 4, 2009 3:19am Jun 4, 2009 3:19am
Quoting macd
can you please post chart ???
here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB
  • #105,766
  • Jun 4, 2009 3:19am Jun 4, 2009 3:19am
Quoting Pipko
Thanks, but what are you breaking even with. You had a bad trade and BE means you cover the loss?
It means I have set my stop loss to my entry price, effectively eliminating all risk from that individual trade...
  • #105,767
  • Jun 4, 2009 3:20am Jun 4, 2009 3:20am
Quoting notch
I have placed a few GU tester trades and I'm surprised at how many pips can be made. If you get the direction right for 5 minutes it seems one is rewarded handsomely...I'll keep watching and learning.

The GJ spread is relatively wide. Does this impact your trading?
No, in relation to volatility the spread can almost be ignored.
I have traded GJ with 20 pip spread last quarter of 2008 when markets where crazy and that even didn't make a difference.
Only I played with smaller entries at that time.
I changed to EU just because I would like to get used to bigger lots. But now I'm trading all 3 of them, EU, GU and GJ.
Let me know how your testing turns out. Also on GJ.
Seems interesting.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #105,768
  • Jun 4, 2009 3:21am Jun 4, 2009 3:21am
Quoting TrooperCoope
It means I have set my stop loss to my entry price, effectively eliminating all risk from that individual trade...
Thanks, many pips to you sir for your kind reply.
  • #105,769
  • Jun 4, 2009 3:22am Jun 4, 2009 3:22am
Quoting KillerWhale
Let me know how your testing turns out. Also on GJ.
Seems interesting.
Definitely, trading them may actually liven up my trading day.
  • #105,770
  • Jun 4, 2009 3:23am Jun 4, 2009 3:23am
Quoting TrooperCoope
It means I have set my stop loss to my entry price, effectively eliminating all risk from that individual trade...
So would only certain brokers allow that?
  • #105,771
  • Jun 4, 2009 3:23am Jun 4, 2009 3:23am
I'd like to see price reaching 1.4250 before shorting the H&S...
I need more space otherwise price is running into support to fast before I can move SL to BE
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
  • #105,772
  • Jun 4, 2009 3:26am Jun 4, 2009 3:26am
Quoting notch
Definitely, trading them may actually liven up my trading day.
Do you want to spice up your day?
Try trading Gold.
Last night (starting 12 hours ago) if you went short you would have had 3000 pips in 12 hours.
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  • #105,773
  • Jun 4, 2009 3:28am Jun 4, 2009 3:28am
Quoting islandtrader
I'd like to see price reaching 1.4250 before shorting the H&S...
I need more space otherwise price is running into support to fast before I can move SL to BE
I think you may have missed the train on that one. If it gets to 1.4250 it would probably go much higher.
  • #105,774
  • Jun 4, 2009 3:29am Jun 4, 2009 3:29am
Quoting KillerWhale
That's great to hear.
And far better than your 0.1-0.5%
Yes Shamu. I used to get .05 or .1 minimum but upto 10% and once 14% as rainfall. But risk was great. Now I have balanced this to straight 1% to 2% with .75 to 1% max risk. This however requires more precision. It is not like old days i.e. enter anywhere and then manage position and r/r with balance lots in hand as market takes shape. Now I have to judge the moves and use technical tools, which I hate. But for the sake of risk managment....
The Thief of Wall Street
  • #105,775
  • Jun 4, 2009 3:29am Jun 4, 2009 3:29am
Quoting increase
So would only certain brokers allow that?
I dont think so,... nothing really special about it. Many traders who use stop losses are putting their SL to BE once they consider it as far enough from current price, whatever that means depending on their trading style.
  • #105,776
  • Jun 4, 2009 3:32am Jun 4, 2009 3:32am
Quoting Atlast
I think you may have missed the train on that one. If it gets to 1.4250 it would probably go much higher.
If I missed it's ok too, I wouldn't short it from current price... to risky for me....
  • #105,777
  • Jun 4, 2009 3:32am Jun 4, 2009 3:32am
Quoting TrooperCoope
I dont think so,... nothing really special about it. Many traders who use stop losses are putting their SL to BE once they consider it as far enough from current price, whatever that means depending on their trading style.
THanks just that I tried it with mine but could not modify the trade?
  • #105,778
  • Jun 4, 2009 3:34am Jun 4, 2009 3:34am
Quoting negro wolf

why u still demo ali if u can make profit
and how could you hold .. for not entering a true account
mestery hah ,,,

may be i am good yetbut u need to be best to open a real account loll

PS:I hold a real account.
  • #105,779
  • Jun 4, 2009 3:36am Jun 4, 2009 3:36am
THEY have understood that we have understood that this is an H&S pattern???
  • #105,780
  • Jun 4, 2009 3:36am Jun 4, 2009 3:36am
Quoting KillerWhale
Do you want to spice up your day?
Try trading Gold.
Last night (starting 12 hours ago) if you went short you would have had 3000 pips in 12 hours.

I was trading gold and oil with another company... Love it.. Easy to make pips if you get the trend right. I am waiting for FXCM to bring in commodities which I am told will be any day now.

Oil is a lot harder than gold I find and can change 400 pips in a matter of minutes. Ive made some good pips on it but taken a few good hits as well.
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