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my trade

  • #281
  • Aug 26, 2009 5:36pm Aug 26, 2009 5:36pm
there you go 134.00 floor is cracking
  • #282
  • Aug 26, 2009 5:39pm Aug 26, 2009 5:39pm
how are you finding the rainbow charts ben?
  • #283
  • Aug 26, 2009 5:52pm Aug 26, 2009 5:52pm
this is the best, well at least for me and what i like the analogy(the mind set) behind this multiple moving average is excellent.
  • #284
  • Aug 26, 2009 6:03pm Aug 26, 2009 6:03pm
if the bear momentum to continue i could see eur/jpy drifting lower to 132.70 and 129.00 it is lil bit ambitious , so i'll expect eur/aud long break the 1.7300 upwards ! then what i do is ...looking the aud/jpy yen chart formation/reversal sign (going long in mind).
  • #285
  • Aug 27, 2009 5:36am Aug 27, 2009 5:36am
Quoting ben10
this is the best, well at least for me and what i like the analogy(the mind set) behind this multiple moving average is excellent.
I agree. You could probably trade strictly off moving averages and come out ahead.

Everyone always wonders when they should be exiting. But I think that depends on the TF. Take x amount of pips and be done with it. It doesn't matter how many you leave on the table, as long as it's not yours!
  • #286
  • Aug 27, 2009 7:18am Aug 27, 2009 7:18am
Quoting Magic Trader
I think that depends on the TF. Take x amount of pips and be done with it.
there you go Magic T you said it loud and clear ! the bigger the time trade you trade the bigger the dollar risk you are willing to commit, the key is consistency and the favourable outcome, more winning trades than the lose one
  • #287
  • Aug 27, 2009 7:22am Aug 27, 2009 7:22am
Quoting ben10
there you go Magic T you said it loud and clear ! the bigger the time trade you trade the bigger the dollar risk you are willing to commit, the key is consistency and the favourable outcome, more winning trades than the lose one
let have alook at one daily candle with in that 24 hours how many support and resistance it creates by using 1 minutes chart? many opportunities to trade right?
  • #288
  • Aug 27, 2009 7:49am Aug 27, 2009 7:49am
http://www.forexfactory.com/showpost...postcount=2336

click all the link on post 2337 and 2338
  • #289
  • Aug 27, 2009 6:58pm Aug 27, 2009 6:58pm
http://img40.imagefra.me/img/img40/2...jm_f2251a9.png

support and resistance + compression = take the risk
  • #290
  • Aug 28, 2009 8:00am Aug 28, 2009 8:00am
Quoting ben10
http://www.forexfactory.com/showpost...postcount=2336

click all the link on post 2337 and 2338
I read the post on Oandas boards. I think it was written by ByteJuggler too? Have you been finding success with it too? And are you using M1 to set S/R?
What are your TP?

I feel most comfortable trading off the M30. The levels there are quite strong usually.

Have a good weekend Ben!
  • #291
  • Aug 29, 2009 12:59am Aug 29, 2009 12:59am
Quoting Magic Trader
I read the post on Oandas boards. I think it was written by ByteJuggler too? Have you been finding success with it too? And are you using M1 to set S/R?
What are your TP?

I feel most comfortable trading off the M30. The levels there are quite strong usually.

Have a good weekend Ben!
I like the concept of synthetic also the guppy MMA but not rigid as I want to dance with the music of price action. The key here is flexibility and can this system or concept be duplicated and used in any time frames? Absolutely! The best indicator is your profit/loss statement in your live account , if it grew bigger then you know you are doing great and your system/concept too of course
  • #292
  • Aug 30, 2009 5:27pm Aug 30, 2009 5:27pm
let assume the aud/usd trending higher, what happen to the kiwi/dollar? it will trade higher too but i do not expect they move exactly the same pips!
Eg; aussie move from 0.84 to 0.85 so i expect the the kiwi move between 0.68 to 0.69 becouse markets not efficience i believe, therefore creates diffirent valuations on the aud/nzd crosses.

If I am trading the aud/nzd only, I would consider to use aud/usd and nzd/usd as indicator, why? becouse as they both trade higher aud/kiwi cross would trade lower:

0.8900 : 0.7350 = 1.2108
0.8900 : 0.7250 = 1.2275
0.8900 : 0.7150 = 1.2447

So i expect the aussie/kiwi cross trade above 1.2100 this week and hope the bus pick me ( limit long x1, x1, x4, x16)
  • #293
  • Aug 30, 2009 6:05pm Aug 30, 2009 6:05pm
post number 292 is tops or bottoms picker strategy, it is dangerious play as it trade against the trend but what about if .... it's range and the lady markets proved you are right? as if

Now break out/trend rider model, as i see from "the point and figure charting" she made triple tops formation @ 0.8450 I would make that my drawing line in the sand and for the kiwi @ 0.6900 should be the support resistance line!

Next i'll set limit orders sequence on the same size. Short or sell orders for aussie @8450, 8400, 8350, 8300, 8250, 8200, 8150, 8100, 8050, 8000, 7950, 7900 and kiwi long orders @6900, 6950, 7000, 7050, 7100, 7150, 7200, 7250, 7300, 7350, 7400, 7450.

whats next? just let the lady markets do her best job first
  • #294
  • Aug 30, 2009 6:29pm Aug 30, 2009 6:29pm
am i comfortable with the position ? i am , so add more position

http://img39.imagefra.me/img/img39/2...2m_7abce00.png
  • #295
  • Aug 30, 2009 6:40pm Aug 30, 2009 6:40pm
Hey Ben! If you haven't seen this before, here is the correlation table for all pairs: http://www.mataf.net/en/tools/correlation-table.

One way in which synthetic trading could help would be to get in to a particular pair at the best price. For example, if we wanted to go long on the AU at .8200 but price kept going down below that, we could hedge our positions using the related pairs
  • #296
  • Aug 30, 2009 6:47pm Aug 30, 2009 6:47pm
http://img38.imagefra.me/img/img38/2...6m_0051b77.png

average short 133.18
  • #297
  • Aug 30, 2009 6:50pm Aug 30, 2009 6:50pm
Quoting Magic Trader
Hey Ben! If you haven't seen this before, here is the correlation table for all pairs: http://www.mataf.net/en/tools/correlation-table.

One way in which synthetic trading could help would be to get in to a particular pair at the best price. For example, if we wanted to go long on the AU at .8200 but price kept going down below that, we could hedge our positions using the related pairs
Thank you Magic T, i'll look into it
  • #298
  • Aug 30, 2009 9:04pm Aug 30, 2009 9:04pm
what happen when eur/jpy and aud/jpy falling?

http://img39.imagefra.me/img/img39/2...em_196206e.png
  • #299
  • Aug 30, 2009 9:34pm Aug 30, 2009 9:34pm
http://img38.imagefra.me/img/img38/2...km_24fb07c.png
  • #300
  • Aug 31, 2009 5:30am Aug 31, 2009 5:30am
Quoting ben10
http://img38.imagefra.me/img/img38/2...km_24fb07c.png
The AU pairs loook pretty good. They're usually in that range.
I'm not sure what the kiwi looks like though. i've never traded it because of the spread.
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