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  • #110,541
  • Jun 15, 2009 8:59am Jun 15, 2009 8:59am
M1 60sma capped the move up perfectly Bad news for all us Dumb ass longs hey

Bottoms firming up, return to test 200sma M1 1.3820 ( by then no doubt ) is 70% likely from past experience.


Patience is key, EJ takes out the 60sma just so far, needs some conviction, good sign for EU.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,542
  • Jun 15, 2009 9:00am Jun 15, 2009 9:00am
Quoting Adwin
he he

http://i523.photobucket.com/albums/w...2009-06-15.jpg

More ...

I don't care what anyone esle think but that is one pretty chart!
  • #110,543
  • Jun 15, 2009 9:01am Jun 15, 2009 9:01am
Since the last high in the 5min time frame ... possible retraces with fibonacci.
Attached Image
"I will walk before they make me run" K.Richards
  • #110,544
  • Jun 15, 2009 9:02am Jun 15, 2009 9:02am
Quoting vinesh2
Turveyd sounds like you are trying to long this pair. I highly recommend not to as this pair is in downtrend and we will need to wait at least till Wed for a definite direction. At the rate we are going right now we may easily see this pair go down to 1.37 and lower at my previous recomendation of 1.36 area

Thanks, but I have a Range system, although today is too strong to really be playing it today, I have very high odds of success and a SL Position I can vaguely live with, Very vaguely I'll add LOL

I'm scalping not holding for the long term, I'm +60pips on previous trades playing this today, so if SL's hit then I'm Break even on the day, no biggy.


I've tried sensible with trend trades and I just can't do it, so sadly got to do this the hard way, dunno why but FAIL FAIL FAIL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,545
  • Jun 15, 2009 9:12am Jun 15, 2009 9:12am
Quoting Turveyd
Thanks, but I have a Range system, although today is too strong to really be playing it today, I have very high odds of success and a SL Position I can vaguely live with, Very vaguely I'll add LOL

I'm scalping not holding for the long term, I'm +60pips on previous trades playing this today, so if SL's hit then I'm Break even on the day, no biggy.


I've tried sensible with trend trades and I just can't do it, so sadly got to do this the hard way, dunno why but FAIL FAIL FAIL
Most people like to trade reversal. I started with trading reversal and I really feel good everytime I got it correct. However as time goes by, I find the probability of getting correct on reversal dropping.

I then try to go with trend but everytime I enter a trend I keep getting the urge to get out fast. Thats because I am not use to trending. I believe in buy low sell high not buy high sell higher kinda mentality. But slowly as I keep winning in trending, I start to rely more heavily on it.
  • #110,546
  • Jun 15, 2009 9:15am Jun 15, 2009 9:15am
Quoting trading801
unloaded in the green is ALWAYS better than risk
70 pips in the bank is 70 pips in the bank. anything i short above my exit is more pips of the move.. thats how on a 1oo pip move you can double or tripple the move..
those who can, do. those who cant, talk about those who can
  • #110,547
  • Jun 15, 2009 9:17am Jun 15, 2009 9:17am
Quoting notch
I don't care what anyone esle think but that is one pretty chart!
If you want, maybe convert data to Amibroker.
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  • #110,548
  • Jun 15, 2009 9:19am Jun 15, 2009 9:19am
Quoting Beacon
Most people like to trade reversal. I started with trading reversal and I really feel good everytime I got it correct. However as time goes by, I find the probability of getting correct on reversal dropping.

I then try to go with trend but everytime I enter a trend I keep getting the urge to get out fast. Thats because I am not use to trending. I believe in buy low sell high not buy high sell higher kinda mentality. But slowly as I keep winning in trending, I start to rely more heavily on it.

Every time I seem to enter with the trend it the trend changes on me, I racked up a stack of losses in a row and although I 100% agree it's safer and more logical there is just some mental weird thingy making me cock it up.

Been trying for YEARS aswell.

So I've devised a Range / Trend system mixed, I use the Trend SMA's to exit off and I average in as it's hard to get a useable bottom of a range at times.

I expect a 80% win rate and the 20% to HURT, so I need 20% to make a killing ie as much as the HURT to cancel it out, then I have 3 winning trades and all is well and 2 cancelling each other out.

Tis a cunning plan
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,549
  • Jun 15, 2009 9:20am Jun 15, 2009 9:20am
hey gatorinla, with your unload and reload, what sl do you use? or do you change it by situation?
  • #110,550
  • Jun 15, 2009 9:21am Jun 15, 2009 9:21am
http://www.forexfactory.com/showpost...stcount=181898
  • #110,551
  • Jun 15, 2009 9:25am Jun 15, 2009 9:25am
Quoting Turveyd
Every time I seem to enter with the trend it the trend changes on me, I racked up a stack of losses in a row and although I 100% agree it's safer and more logical there is just some mental weird thingy making me cock it up.

Been trying for YEARS aswell.

So I've devised a Range / Trend system mixed, I use the Trend SMA's to exit off and I average in as it's hard to get a useable bottom of a range at times.

I expect a 80% win rate and the 20% to HURT, so I need 20% to make a killing ie as much as the HURT to cancel it out, then I have 3 winning...
Thats great! As long as the plan works for you, nothing else matter. Different plans work for different people anyway just like when people see a chart, they all have different perspectives.
  • #110,552
  • Jun 15, 2009 9:33am Jun 15, 2009 9:33am
Quoting kimchikim
hey gatorinla, with your unload and reload, what sl do you use? or do you change it by situation?
yes it does.. im a long term trader.. so i am breaking the rules doing what im doing.. i have a short on another account that all i do is move sl down.. and tp lower.. what im doing and posting is a feeling (with evidence) where at the beginng of a longer trend.. so i can use a wider sl but i enter more positions at each level posted it goes up... about .2% so if and when trend begans im sooner in the green.. it brings down ca... i dont recomend entering a short untill it pulls back.. it will limit the size of sl..and put you in the green sooner..i posted some numbers.. these are entry levels also.. and tp levels for those scalping long.. dont enter short without a pullback to enter on..3831 should be good resistance.. nothing written in stone.. we may not go that high..
those who can, do. those who cant, talk about those who can
  • #110,553
  • Jun 15, 2009 9:35am Jun 15, 2009 9:35am
Quoting Beacon
Thats great! As long as the plan works for you, nothing else matter. Different plans work for different people anyway just like when people see a chart, they all have different perspectives.

Find out, IF the plan works over the next month or so, my account is lasting longer then previous systems I've devised which has got to be a good thing.

Averaged down, my second position just, Stop moved to 30 from average.


Just need some Short profit taking, or buying confidence to kick in and this might be the 20% which compensates for the really bad 20%, be good to get that first LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,554
  • Jun 15, 2009 9:37am Jun 15, 2009 9:37am
took a short here in yellow wondering if 250 pips is enough to prove this indicator works.
original post here
http://www.forexfactory.com/showpost...stcount=110091

should have been short all day according to this.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd061509-3.gif Size: 30 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #110,555
  • Jun 15, 2009 9:40am Jun 15, 2009 9:40am
Quoting notch
Well if it takes out 3769 with conviction then forget about it! Price will fall like a hoodlum in a lake!
can you hear me now? *L*
those who can, do. those who cant, talk about those who can
  • #110,556
  • Jun 15, 2009 9:40am Jun 15, 2009 9:40am
TU, you cant get anywhere with range trade unless you know where the tops and bottoms are. Scalping imo is very risky cause you have to expouse yourself too many times. Why take the stress of looking at charts every second of the day and expouse your margin several times? With trend trading you dont need to look at the charts every two seconds you can place your trades on the top or at the bottom and forget about it. Instead of gaining 60 pips a day and killing yourself staying awake and stressing out you can gain 100-200 pips in a week without looking at charts. All you need is a plan and a strategy. Ihave no access to my platform at work but I am not worried cause I have placed my trade on the top and I know where price is going to stop or consolidate and thats where my tp is. I have banked 200pips on EU in two days and have looked at the chart only once. I know the trend is down and I am satying with the trend. No point fighting the trend for a mere 10, 20 pips
  • #110,557
  • Jun 15, 2009 9:48am Jun 15, 2009 9:48am
Quoting gatorinla
can you hear me now? *L*

Mate, There's no conviction in that. Anyway, I've been stopped out ;(.
  • #110,558
  • Jun 15, 2009 9:50am Jun 15, 2009 9:50am
1.3727 seems to be the next big number form what I see...

H4 chart

http://img20.imageshack.us/img20/4563/downv.jpg

Dont get confused by all those scalp lines. But 1.3727 seems pretty obvious...
  • #110,559
  • Jun 15, 2009 9:51am Jun 15, 2009 9:51am
Quoting vinesh2
TU, you cant get anywhere with range trade unless you know where the tops and bottoms are. Scalping imo is very risky cause you have to expouse yourself too many times. Why take the stress of looking at charts every second of the day and expouse your margin several times? With trend trading you dont need to look at the charts every two seconds you can place your trades on the top or at the bottom and forget about it. Instead of gaining 60 pips a day and killing yourself staying awake and stressing out you can gain 100-200 pips in a week without...

Longer term trades, do not work for me, I've looked but unable to find a system which works which I'll trust, and a serously limited account size makes it kinda tricky.

Okay, Today is a bad day to be playing range, my system gives me the ranges, obviously not perfect which is the averaging down requirement ( for Longs )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,560
  • Jun 15, 2009 10:02am Jun 15, 2009 10:02am
Quoting TrooperCoope
1.3727 seems to be the next big number form what I see...

H4 chart



Dont get confused by all those scalp lines. But 1.3727 seems pretty obvious...

Seems pretty obvious? I'm almost tempted to fade you.
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