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EURUSD

  • #124,881
  • Jul 23, 2009 4:39pm Jul 23, 2009 4:39pm
Quoting essenza
you got it right buddy, 10-20 pips usually the better pips range. I've been consistent with these lately. After second thought it's easier to get 50 pips or more by opening 5 or more positions then waiting for one position for several hours even a whole day. But my weakness is I most of the time playing this high risky trading 20-30% of the balance for a position so each time " i have to be right"..which of course not always. I really need to increase my account later so i can strict with the MM rule but with the same profit approach as I play...
You may like to try what I do. Atleast two winners out of every three trades. Kindly note it doesn't mean 2/3 winning ratio or 20 out of 30 or 33.33 out of 100. It means every two out of every three. Now if I can do that, I can earn 30% a day. But since it is not possible to get two out of every three, I risk 1% on each trade. If my winners are not consistent and at times I incur consecutive losses on sets of three, can still win on balance i.e. 20 out of 30. One percent a day, 365 days in a year, probably 180 trading days is 180% a year. Less 80% provision for loss / tax, etc. You still have 100% a year. Worst scenario 50% a year. Extreme disaster 0% a year. Is there anything like trading? Only a fool can lose if strict discipline and patience is excercised.
The Thief of Wall Street
  • #124,882
  • Edited Jul 24, 2009 4:48pm Jul 23, 2009 4:57pm | Edited Jul 24, 2009 4:48pm
Quoting Log4n
hahahahhahahahhaha a pro guy
Hi Log4n..

I am not a pro ..

But I like to make money ..


  • #124,883
  • Jul 23, 2009 5:30pm Jul 23, 2009 5:30pm
Quoting hellkkas
Hi Log4n..

I am not a pro ..

But I like to make money ..

I have nothing to prove yourself, but I show you my positions

Attachment

how did you manage for the T/P to be lower then the entry price on a buy?
  • #124,884
  • Jul 23, 2009 5:33pm Jul 23, 2009 5:33pm
Quoting leckefex
how did you manage for the T/P to be lower then the entry price on a buy?
haha...ooops! must of used microsoft paint to take out the negative symbols but forgot to change tp!
  • #124,885
  • Jul 23, 2009 6:01pm Jul 23, 2009 6:01pm
Well...I kept saying the bear is on its way yesterday...and it did. What a wild retest @ the upper TL (see ellipse) before the price finally gave up and go below PW 1.4190 and 21EMA.

The temporary TL (see arrow) and 50SMA are holding the price right now.

I'm still bias to the downside...yeaarrghhhhh...!!!! Bearrrrrrrrr....!!!! Roooaarrr...!!!!!!!!!!


Note: PW is Price Wave
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 53 KB
  • #124,886
  • Jul 23, 2009 6:05pm Jul 23, 2009 6:05pm
Quoting orangeRANGE
Well...I kept saying the bear is on its way yesterday...and it did. What a wild retest @ the upper TL (see ellipse) before the price finally gave up and go below PW 1.4190 and 21EMA.

The temporary TL (see arrow) and 50SMA are holding the price right now.

I'm still bias to the downside...yeaarrghhhhh...!!!! Bearrrrrrrrr....!!!! Roooaarrr...!!!!!!!!!!


[i]Note: PW is...
Here is the oversimplified version of my chart....
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 45 KB
  • #124,887
  • Jul 23, 2009 6:13pm Jul 23, 2009 6:13pm
indeed looks like we're going down...

will look for the next high before shorting.

happy trading, peeps.
  • #124,888
  • Jul 23, 2009 6:27pm Jul 23, 2009 6:27pm
EUR-USD fell in the last few hours of trading on Thursday. On DAILY chart we had 2 doji (indecision) candles that told us that the market was not able to decide on a direction. Now we have a 'evening star' formation. Which if holds should move prices further down. See Chart.

Also attached is a USD-CHF DAILY chart which shows a clearer inverted image.


FOR FRIDAY:
1. We have EUR 'German Ifo Business Climate', GBP 'Prelim GDP q/q' and US 'Revised UoM Consumer Sentiment' which should move the markets.

2. Also US Fed Chairman Bernanke will testify. This being his 3rd time testifying THIS WEEK I'm not very sure how much of an impact he will have.

We have seen US equties rise over the last few days. Now they are in Over-Bought territory on DAILY chart. See DAILY chart for SPX. So I suspect that we should see some decline in US equties on profit taking soon.
Attached Images
  • #124,889
  • Jul 23, 2009 6:41pm Jul 23, 2009 6:41pm
fwswing buddy u have not explained to me about your 2 chart about 2003 and now...
  • #124,890
  • Jul 23, 2009 6:44pm Jul 23, 2009 6:44pm
opti buddy did you follow koala on this? it had the perfect signal before dropping to now
  • #124,891
  • Jul 23, 2009 6:48pm Jul 23, 2009 6:48pm
Before you start jay
Attached Image
  • #124,892
  • Jul 23, 2009 7:16pm Jul 23, 2009 7:16pm
Prepare for euro deluge which takes several months.
  • #124,893
  • Jul 23, 2009 7:35pm Jul 23, 2009 7:35pm
Quoting 5ysfx
Prepare for euro deluge which takes several months.
hows the track record on these?
those who can, do. those who cant, talk about those who can
  • #124,894
  • Jul 23, 2009 7:39pm Jul 23, 2009 7:39pm
Quoting trading801
Before you start jay
I am no Jay, but today I hate all kind of bears. One of them ran away with my hat this morning. If I find that one, going to BBQ his ribs, Koala or no Koala, cute or ugly, harmless or harmful, black or white, no discrimination of any kind....................
The Thief of Wall Street
  • #124,895
  • Jul 23, 2009 7:49pm Jul 23, 2009 7:49pm
http://farm4.static.flickr.com/3164/...9cb6f2fe11.jpg

http://adventuresoutdoors.org/Ricks_..._bear_2005.jpg

What Does Bear Meat Taste Like?

I wish I could answer that question, but I can’t exactly. I can say, unequivocally, that it doesn’t taste anything like “Chicken”! We grilled our first bear steaks last night and I wasn’t sure what to expect. We had some adventurous company over. I’ve had bear before and it was good, but this particular bear of which we would be partaking was a 15 year old boar black bear. I wasn’t expecting too much. However, I was in for a big suprise...(more)

But in all seriousness, I'm short.
Not all sins are created equal
  • #124,896
  • Jul 23, 2009 8:04pm Jul 23, 2009 8:04pm
Quoting Chicky
Hi Egkid,

I am doing ok.

Is it possible to make some non-trational papyrus e.g. a daily EUR/USD chart we will sell it to Jay Walker for his office wall.

And also Gator's numbers arranged like ancient Egyptian round calander, or trading system allegdly founded by Horas, etc.
Reposting. Jay is online.
The Thief of Wall Street
  • #124,897
  • Jul 23, 2009 8:10pm Jul 23, 2009 8:10pm
Quoting gatorinla
hows the track record on these?
what is your point ?
  • #124,898
  • Jul 23, 2009 8:12pm Jul 23, 2009 8:12pm
i locked in 35 green on gu i told you about earlier..hoping it runs for a year or so.. *L*
those who can, do. those who cant, talk about those who can
  • #124,899
  • Jul 23, 2009 8:17pm Jul 23, 2009 8:17pm
Quoting 5ysfx
what is your point ?
no point just wondered if there yours or someone else.. and if some one else did they have past positive results with long term calls...or in other words do you trust these calls? i have a bearish sediment also..on gu and eu..
those who can, do. those who cant, talk about those who can
  • #124,900
  • Jul 23, 2009 8:25pm Jul 23, 2009 8:25pm
Quoting Chicky
Reposting. Jay is online.
I'd love some papyrus!

Gimme gimme gimme!
Not all sins are created equal
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