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  • #156,421
  • Oct 28, 2009 5:32am Oct 28, 2009 5:32am
Quoting Larseg
I had 1 pip from winning, ending up as a loosing trade last week... and guess what, it almost happened twice!! (next day that is)...


I reckon it just depends on what king of trader you are...
I don't like to be babysitting the markets so I have to do it mechanically.

The good thing is by trading mechanically you can easily backtest your way of trading...

With discretionary trading; backtesting can be done but will never be the same as in real life...

The only big negative thing about mechanical system is that they fail, its just a matter...
Thanks Larseg,

I thought mechanical means some sort of EA, etc.

I dont use smas, etc. but before each session mark certain points on charts where to enter and where to exit. Then looking at the pa's strength execute those trades. At the end of a sesson (or day/week/before news, etc.) either liquidate shorter term trades or re-adjust their tps/sls.

Leaving an entry order has a chnce of pre-maturely getting hit. I am not sure even an EA can manage that.

I will check more what this EA thing actually is.

Thanks again.
The Thief of Wall Street
  • #156,422
  • Oct 28, 2009 5:33am Oct 28, 2009 5:33am
Soneone have looked at daily chart?
When should be long? - I feel today or tomorrow we should be long.
I want to buy PATIENCE
  • #156,423
  • Oct 28, 2009 5:42am Oct 28, 2009 5:42am
another rudimentary look at VSA. The volume climax down bars followed by low volume yellow bars (ie. lack of supply), suggest a bullish reversal in keeping with the daily trend. What I am still unsure of is the relevance of low volume bars during quiet Asian sessions and how much green neutral bars are allowed. Perhaps MalcolmB can chime in.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 30 KB
TRADE FOR SWAP
  • #156,424
  • Oct 28, 2009 5:48am Oct 28, 2009 5:48am
Quoting Tom81
Falling Three Methods pattern has formed on 4h TF. If we see break of 50% fibo we go further down. First target weekly S1 at 1.4730.
Tom put that chart up if you can..
  • #156,425
  • Oct 28, 2009 5:54am Oct 28, 2009 5:54am
1.4670 HUGE mark for eur/usd...
  • #156,426
  • Oct 28, 2009 5:54am Oct 28, 2009 5:54am
Quoting cgldsmth
another rudimentary look at VSA. The volume climax down bars followed by low volume yellow bars (ie. lack of supply), suggest a bullish reversal in keeping with the daily trend. What I am still unsure of is the relevance of low volume bars during quiet Asian sessions and how much green neutral bars are allowed. Perhaps MalcolmB can chime in.
imho if we dont break 4769 which is 50 fib all your buy orders will turn in profit.. time will tell, right now we have a double bottom.. it can be a reversal sign or it could be nothing and we ll just go further down..
Pation is the Holy Grail
  • #156,427
  • Oct 28, 2009 5:59am Oct 28, 2009 5:59am
little action, relative to other pairs.
  • #156,428
  • Oct 28, 2009 6:07am Oct 28, 2009 6:07am
Quoting CzechTrade
imho if we dont break 4769 which is 50 fib all your buy orders will turn in profit.. time will tell, right now we have a double bottom.. it can be a reversal sign or it could be nothing and we ll just go further down..
i think you are wright and i am ready to go long for now just this last short from 4790 to test that 4770 and i am on
  • #156,429
  • Oct 28, 2009 6:17am Oct 28, 2009 6:17am
Quoting "expert"
i think you are wright and i am ready to go long for now just this last short from 4790 to test that 4770 and i am on
oh another 16 pips.75 in total.long live dollar.now let the market to decide
  • #156,430
  • Oct 28, 2009 6:24am Oct 28, 2009 6:24am
eur/gbp looks like it's ready to jump like a chicken on a hot stove!
"Timing Is Everything. Really I Swear It Is"
  • #156,431
  • Oct 28, 2009 6:25am Oct 28, 2009 6:25am
Quoting matheszabi
Soneone have looked at daily chart?
When should be long? - I feel today or tomorrow we should be long.
Negative macd divergence on daily chart - fiber is preparing for deep-sea diving.
  • #156,432
  • Oct 28, 2009 6:30am Oct 28, 2009 6:30am
Quoting rebelheart
Tom put that chart up if you can..
Here you go...
Attached Image (click to enlarge)
Click to Enlarge Name: thv v4 4h.gif Size: 24 KB
  • #156,433
  • Oct 28, 2009 6:34am Oct 28, 2009 6:34am
Quoting CzechTrade
imho if we dont break 4769 which is 50 fib all your buy orders will turn in profit.. time will tell, right now we have a double bottom.. it can be a reversal sign or it could be nothing and we ll just go further down..
doesnt look good at all..
Pation is the Holy Grail
  • #156,434
  • Oct 28, 2009 6:37am Oct 28, 2009 6:37am
1D - bearish divergence*
1H - hidden bearish divergence*
30m - hidden bearish divergence*

I've gone short @ 4762

*MACD
  • #156,435
  • Oct 28, 2009 6:45am Oct 28, 2009 6:45am
Let's see how this one develops.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 25 KB
  • #156,436
  • Oct 28, 2009 6:56am Oct 28, 2009 6:56am
Quoting T.E.Lawrence
1D - bearish divergence*
1H - hidden bearish divergence*
30m - hidden bearish divergence*

I've gone short @ 4762

*MACD
we're almost abutting a major daily upward trendline. Unless your short is a scalp it seems a bit of a risky trade to me.
TRADE FOR SWAP
  • #156,437
  • Oct 28, 2009 6:59am Oct 28, 2009 6:59am
Quoting T.E.Lawrence
1D - bearish divergence*
1H - hidden bearish divergence*
30m - hidden bearish divergence*

I've gone short @ 4762

*MACD
can you post chart with that 1 hr hidden bearish divergence and make linmes that shows that on macd or what do you use.Please!!! and thanks
  • #156,438
  • Oct 28, 2009 7:05am Oct 28, 2009 7:05am
Quoting "expert"
can you post chart with that 1 hr hidden bearish divergence and make linmes that shows that on macd or what do you use.Please!!! and thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 11 KB
  • #156,439
  • Oct 28, 2009 7:05am Oct 28, 2009 7:05am
we r at 50% fib retracement, may bounce or break
  • #156,440
  • Oct 28, 2009 7:10am Oct 28, 2009 7:10am
http://www.forexfactory.com/showpost...stcount=156417

that is only that i see on 1 hr as divergrnce and i am long.But that is the market. i even check with indi fx divergance is the name i think and he doesnt show hedden divergence just bulish clasic.

but as i say that is the market.This almost 70 pips a made from this morning i will keep them for Sl and at that daily trend line will add more longs.

That is the thinking for now


going out see ya in US
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