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  • #581
  • Oct 16, 2009 9:15am Oct 16, 2009 9:15am
crazy week closed


(http://www.rentasignal.com/signal/view/21501)
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  • #582
  • Oct 16, 2009 9:19am Oct 16, 2009 9:19am
looks like GU really wants to kiss that red trendline there
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  • #583
  • Oct 16, 2009 9:20am Oct 16, 2009 9:20am
DISCLAIMER:
I have blown accounts, so do not approach me for managed accounts unless you are willing to take the risk involved.
  • #584
  • Oct 16, 2009 9:40am Oct 16, 2009 9:40am
looking back, 4 hour did not leave the end target of 1.6347

which means GU is still not ready to tank,and the way its stuck to this level shows us, that the up move is also stalled here

next week

if GU does not manage to go up further,

and, it does manage to get to that trendline, and bounces

chances of a major fall do not exist.

so next week should be a badly ranging market, almost boring. !!!
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  • #585
  • Oct 16, 2009 10:50am Oct 16, 2009 10:50am
Quoting Bene
pray for my health is all i ask for : i will promess

start with a small $500 demo account [ virtual ] and follow my thread to start with, ask questions where you have doubts.
where i can find your threat, i saw some with the gbp but do you have a personal one.

Thank you so much for your answer, i appreciated a lot

bene[/quote]

start with FE levels

on your chart,

Insert > fibonacci > expansion

start playing with this tool, on every swing on every time frame.
  • #586
  • Oct 16, 2009 11:15am Oct 16, 2009 11:15am
i will, thanks a lot

bene
  • #587
  • Oct 16, 2009 2:02pm Oct 16, 2009 2:02pm
i am trying to do a plan, of course we are friday it is just to practice ...

gbp usd

- monthly up: just retraced at 38.2 fibo
- Weekly short : we still short but retracement long, still into down chanel
- Daily up : with cross forexlion tails above 0
- 1h ranging between 1.6400 and 1.6240

*if i understand we will be in ranging until we will brake the support or resistance correct ?
*And we will be more attractif by a long until 1.6450 next trend line

-If we stay in this range, we can scalpe , but if it break up try to stay in the trade until the trend line

Please let me know if that is correct, thank you very much
and have a woderfull week end

Benny
  • #588
  • Oct 16, 2009 2:08pm Oct 16, 2009 2:08pm
http://img194.imageshack.us/img194/2994/gu16102009.png (http://img194.imageshack.us/i/gu16102009.png/)

no salaamnamaste
  • #589
  • Oct 16, 2009 2:17pm Oct 16, 2009 2:17pm
http://img39.imageshack.us/img39/567...102009mine.png (http://img39.imageshack.us/i/gu16102009mine.png/)

this is my chart I'm practising with, the same period as the chart above, that's why I like the tail so much, it's easier and clearer as the PCI I am using
  • #590
  • Oct 16, 2009 2:19pm Oct 16, 2009 2:19pm
thanks

bene
  • #591
  • Oct 16, 2009 2:29pm Oct 16, 2009 2:29pm
Quoting forexlion
pm your skype id for a voice chat
soes not matter if you do not have a mic, i can speak and you type
lets solve this problem

and then, post your solution here for others
Thanks Forexlion, I certainly will in the near future
  • #592
  • Oct 16, 2009 2:42pm Oct 16, 2009 2:42pm
How do you konw to exit ?
thanks

bene
  • #593
  • Oct 16, 2009 11:05pm Oct 16, 2009 11:05pm
in forex trading

NEVER GET MARRIED TO THE DIRECTION

on another thread, people took maximum losses because they got married to the direction and kept shorting the visible uptrend.

Always:
Go with 1 hour charts, because these are the best for intra day trading.

And
Always keep experiementing with different setups, you never know. Well atleast, I know, I keep changing my charts all the time.
  • #594
  • Oct 17, 2009 1:59am Oct 17, 2009 1:59am
Forexlion is it right to say that :

- if H1 and M5 are long to trade every long entry the Tail is given on the M1 chart

- if H1 and M5 are short to trade every short entry the Tail is given on the M1 chart

AND always use a SL (and never change this, be prepared to take the loss if the trade goes against you)

Thanks
  • #595
  • Oct 17, 2009 2:07am Oct 17, 2009 2:07am
Quoting huskyboy
Forexlion is it right to say that :

- if H1 and M5 are long to trade every long entry the Tail is given on the M1 chart

- if H1 and M5 are short to trade every short entry the Tail is given on the M1 chart

AND always use a SL (and never change this, be prepared to take the loss if the trade goes against you)

Thanks
I never use SL

but,

I make sure my entry is correct,

never trade every move.
  • #596
  • Oct 17, 2009 2:13am Oct 17, 2009 2:13am
Quoting Bene
i am trying to do a plan, of course we are friday it is just to practice ...

gbp usd

- monthly up: just retraced at 38.2 fibo
- Weekly short : we still short but retracement long, still into down chanel
- Daily up : with cross forexlion tails above 0
- 1h ranging between 1.6400 and 1.6240

*if i understand we will be in ranging until we will brake the support or resistance...
The current range limits are defined by

 

  1. weekly xpma
  2. daily xpma

so between these 2 levels, we will play ping pong [ table tennis ]

1 hour can give wrong impression at times, so we have to be very careful

Most importantly:

  1. Plan each trade, and look into every aspect on why it should succeed, before taking it.
  2. Never enter a trade, just to trade.

  • #597
  • Oct 17, 2009 2:28am Oct 17, 2009 2:28am
Quoting huskyboy
http://img194.imageshack.us/img194/2994/gu16102009.png (http://img194.imageshack.us/i/gu16102009.png/)

no salaamnamaste

Quoting forexlion
u need to download it 2700 times for it to work correctly

but if you have t3ma from post #1 then it might work the first time itself
i told you specifically that you need t3ma for it to work
  • #598
  • Oct 17, 2009 3:10am Oct 17, 2009 3:10am
Forexlion, sorry, but what is t3ma??? If it's in post 1 which i've donwloaded several times why ins't it working for me?

Thanks
  • #599
  • Oct 17, 2009 4:53am Oct 17, 2009 4:53am
Quoting forexlion
that is because my FE levels are fully automated

for example, for getting this chart

all i do is make these settings
Thanks a lot for your reply.
can you please pose the indicator for your FE here?

Thnanks
  • #600
  • Oct 17, 2009 5:44am Oct 17, 2009 5:44am
[quote=forexlion;3032872]i just follow 1 min chart and the tail, watching other time frames confuses the decision

so i just go by 1 min charts, and i am very careful not to enter a fresh trade near the 0 line, i try to enter on the extremes

this is what I meant, trade the extremes on the M1, guidance by M5.
Right ?
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