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  • #12,481
  • Jul 5, 2009 2:38pm Jul 5, 2009 2:38pm
Quoting BillyRayValentine
Spike base caused by the SNB Intervention
Now that we're back down in the 1.518 area again... Anyone here planning to trade this?
  • #12,482
  • Jul 5, 2009 4:03pm Jul 5, 2009 4:03pm
Quoting Geppyg
Brov have to be honest.....Look at........the momentum this is falling with....
A break out could be severe...short term totally different ball game...

a bounce and trend are 2 totally different ball games...

I would like to see the test which I am expecting of 158.10

Lets see good luck
Steve
Yep I agree - but I'm always a bit wary of this pair - could go either way altho I think the longer term trend(up) will prevail.

It seems to have stopped dead at 157-ish (PPZ) so I think it'll go up from here.
  • #12,483
  • Jul 5, 2009 4:53pm Jul 5, 2009 4:53pm
Quoting stewrigh
Anyone looking at Geppy.

H4 looks good for a long - appreciate your thoughts.
thats my view
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  • #12,484
  • Jul 6, 2009 4:36am Jul 6, 2009 4:36am
Nice video on support and resistance, found it on twitter.

http://fxcommander.com/2009/07/01/support-resistance/
  • #12,485
  • Jul 6, 2009 4:55am Jul 6, 2009 4:55am
Quoting hanover
For a list of many MT4 brokers, see here. I think it's reasonably up to date.
Sir David,
Thanks! my list was more about the brokers i have tried & those of which i know the timezones of vis-a-vis GMT.
Thank for sharing that here.


Quoting ghous
All valid points...
Besides why would you need a diff color to show you a supp or res level? If price is above it the level it will hold as support and if price is below it the level will hold as resistance.
ghous,
why so strict? LOL
color is a personal thing.
if sunnytrader trades better with those colors, no problem with that.
Glad to see u post here!
  • #12,486
  • Jul 6, 2009 8:56am Jul 6, 2009 8:56am
my next setups
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  • #12,487
  • Jul 6, 2009 9:07am Jul 6, 2009 9:07am
GU no brainer comin up
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  • #12,488
  • Jul 6, 2009 9:18am Jul 6, 2009 9:18am
Hallo this is my first post on this thread.I am learning a lot from you thanks to everybody.
Now i need your help once again.....i have the attached EA to manage my position.Setted like now it opens two positions with a stop loss of 40 pips and first target at 20 pips.Once the first TP is reached it brings the stop loss to BE and 2nd lot must be closed manually.
I'd like to modify this EA in the BRV style.....i mean i want it brings the stop loss to BE once i am 10 pips profit,close the first lot at 20 pips profit and have a trailing stop for the 2nd lot.

I hope i have been clear enough......

Of course i hope that everybody can find this EA useful apart from the result.
Attached File(s)
File Type: mq4 SonicStriker_EA_v2.2.mq4   12 KB | 383 downloads
Patience is essential
  • #12,489
  • Jul 6, 2009 9:55am Jul 6, 2009 9:55am
Quoting jack.canadia
GU no brainer comin up
Watching this too Jack, would be nice to see it a little higher to work with a E/U 1.395 short.
  • #12,490
  • Jul 6, 2009 2:19pm Jul 6, 2009 2:19pm
Quoting sam0182
Watching this too Jack, would be nice to see it a little higher to work with a E/U 1.395 short.
No market confluence with my 1.395.

1.40 next for a short EUR/USD, also 38% fib of the recent move down.
  • #12,491
  • Jul 6, 2009 4:52pm Jul 6, 2009 4:52pm
Just a note I made to myself that I thought I would share.

Every significant reversal today was off a 4hr level except 2 and they were a daily and a weekly level. It has been a long time since I have seen this.

I am one of the biggest fans of the 1hour TF due to it's global versatility but despite the variances in timezones that affect 4hr and daily closes, it always worth trying to see your 1hr levels in higher TFs to give them more validity.

Just to be clear 1 hour is still my core TF but I pay a great deal of attention to the levels that appear in my 1hr from a higher TF.
  • #12,492
  • Jul 6, 2009 8:38pm Jul 6, 2009 8:38pm
RedCabbage,
for your 900th post ,
can u expound on what u just said?
a chart or two would also greatly help.
Thanks
  • #12,493
  • Jul 7, 2009 2:38am Jul 7, 2009 2:38am
Quoting supremeChaos
RedCabbage,
for your 900th post ,
can u expound on what u just said?
a chart or two would also greatly help.
Thanks
There's no need to expand on this really.

The key message is this: -

1hr is the universal timeframe but levels from higher timeframes will almost always carry more significance.

My charts are updated in order from the highest TF to the lowest i.e. weekly-daily-4hour-1hour. Then I look to see if any of the most interesting 1hour levels can be seen in a higher TF and upgrade them (lines are colour coded and weighted according to TF), in case I missed it on the way down the TFs.
  • #12,494
  • Jul 7, 2009 3:38am Jul 7, 2009 3:38am
Hi guys

How many pairs do you all watch?

I focus on weekly, daily levels only at the moment (+ fibs) and am watching 38 markets but it seems to generate very few trades for a lot of work.

I am thinking of moving to maybe 5-6 major pairs and using 4hr levels in addition to my daily and weekly.

How does this compare with the number of pairs you guys are watching?

Thanks




Roy
  • #12,495
  • Jul 7, 2009 3:44am Jul 7, 2009 3:44am
Quoting rooster
Hi guys

How many pairs do you all watch?

I focus on weekly, daily levels only at the moment (+ fibs) and am watching 38 markets but it seems to generate very few trades for a lot of work.

I am thinking of moving to maybe 5-6 major pairs and using 4hr levels in addition to my daily and weekly.

How does this compare with the number of pairs you guys are watching?

Thanks






Roy
12

But some of those are 'barometer pairs', I use them to monitor the conditions in others.
  • #12,496
  • Jul 7, 2009 3:51am Jul 7, 2009 3:51am
Quote
The key message is this: -
1hr is the universal timeframe but levels from higher timeframes will almost always carry more significance.
My charts are updated in order from the highest TF to the lowest i.e. weekly-daily-4hour-1hour.....

RedCabbage,
Oh, i see. I thought it was about something else. lol
Thanks for clarifying.
  • #12,497
  • Jul 7, 2009 6:06am Jul 7, 2009 6:06am
Looking to short (demo)Aud/Usd at 0,8022,confluence with 50% fib.

What do you think??
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Patience is essential
  • #12,498
  • Jul 7, 2009 7:33am Jul 7, 2009 7:33am
Phew, finally started holding myself in trade with real money.
3 trades today. 1 overnight from limit order 2 manual. all wins. 25 pips taken.
Now looking for 10-12 pips per trade. will gradually increase it to 15-20 pips. It is hard to force myself to stay. I keep repeating Mantra that closing trade with less than 10 pips is ruining my returns.
BRW method is crude , simple and reliable like AK-47. After mastering this method the most important thing left is trader's psychology.
Ok, let's roll!
I see as good opportunities to short Eur/Jpy at around 1.3435. 1.3455 it is few pips and bigger one is 1.3480-1.3486

what others opinion?

http://img29.imageshack.us/img29/7884/planv.th.png
  • #12,499
  • Jul 7, 2009 8:01am Jul 7, 2009 8:01am
Butterfly pattern spotted by none other than Seattlerust in the room today - for interest..EURO 15 min chart
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  • #12,500
  • Jul 7, 2009 8:13am Jul 7, 2009 8:13am
Here's a perfect setup for a live trade on the 15 min $/JPY.

Bottom of the bucket right around 95. In at 95 max drawdown 5 pips. I set my TP on this to just +15 and a tight stop at -10 as I was catchin up on some sleep but +40 was possible.

Thanks once again Billy Ray. These patterns do happen all the time and become very easy to spot with very little screen time.
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