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  • #21
  • Nov 18, 2009 6:06am Nov 18, 2009 6:06am
Im looking for a sell eurusd around 5000
consistency wins
  • #22
  • Nov 18, 2009 6:09am Nov 18, 2009 6:09am
..... Just observe what happens around the White dash horizontal lines, which are levels I have taken from Daily and 3 hourly charts.
Attached Image (click to enlarge)
Click to Enlarge Name: Reaction to Horizontal Lines Nov 18th.png Size: 198 KB
Good Trading. (keep it simple).
  • #23
  • Nov 18, 2009 6:09am Nov 18, 2009 6:09am
hi , iT

maybe you can share us some details about your trading.

I'm 31 years old too. I start trading at 2007 with $550(just RMB 4000).

after 6 month I quit, because I got totally failure.

Recently, I started to learn trading again.

I can't type anymore , just for my pool english
Try to understand English Try to understand Forex
  • #24
  • Nov 18, 2009 7:13am Nov 18, 2009 7:13am
Quoting Activer
hi , iT

maybe you can share us some details about your trading.

I'm 31 years old too. I start trading at 2007 with $550(just RMB 4000).

after 6 month I quit, because I got totally failure.

Recently, I started to learn trading again.

I can't type anymore , just for my pool english
Hi Activer,

I know what you are going through, i had the same phase as you did.

Its important to really watch the price movement. if its too fast let it go , dont trade volatile markets - whipsaws will kill you, also dont trade when there are news movements let the market calm down, i will give you an example by what i mean. I let the market make a trend ... till it really gets overbought, and then i measure the movement, whats going on in the markets ? is there a big reason for this movement (like rate change or some kind of big news) if there is a big reason i'll be more careful.

Just a example on how i see the chart.

Really dont trade if there are big news. we are only retail traders. we know that we dont know anything.

we must be happy with the pips the market gives us.

i tried all my life to catch the big trends and movements. i always lost.
i understood i can only take so much as the market wants to give me.

Also watch RSI on hourly for divergences -> this are powerful weapons and help you enter trades. but a divergence alone is not enough... always see the circumstances try to get the bigger picture and never really never get greedy. be happy when you get ur 20 pips never become greedy. you will lose. and listen to your feeling. the feeling of an experienced trader is the best indicator.
Attached Image(s) (click to enlarge)
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consistency wins
  • #25
  • Nov 18, 2009 7:17am Nov 18, 2009 7:17am
Quoting iTrader
Hi Activer,

I know what you are going through, i had the same phase as you did.

Its important to really watch the price movement. if its too fast let it go , dont trade volatile markets - whipsaws will kill you, also dont trade when there are news movements let the market calm down, i will give you an example by what i mean. I let the market make a trend ... till it really gets overbought, and then i measure the movement, whats going on in the markets ? is there a big reason for this movement (like rate change or some kind of big news) if...
I like your journal here alot. I will be actively following
Dr. C
  • #26
  • Nov 18, 2009 7:19am Nov 18, 2009 7:19am
Here one more example from tonight.

Opportunities are always given you have to be patient.
consistency wins
  • #27
  • Nov 18, 2009 7:22am Nov 18, 2009 7:22am
Sorry had some troubles posting the pics
Attached Image(s) (click to enlarge)
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consistency wins
  • #28
  • Nov 18, 2009 7:25am Nov 18, 2009 7:25am
Quoting cvcamper
I like your journal here alot. I will be actively following
Thank you

I would like to sacrifice more time to this journal to make better explanations etc., but i also want to stay focused with the markets etc.

I will show more charts maybe in the weekend when i find some free time
consistency wins
  • #29
  • Nov 18, 2009 8:52am Nov 18, 2009 8:52am
EURJPY - SELL - 133.50

Lets see where this will go.
consistency wins
  • #30
  • Nov 18, 2009 9:05am Nov 18, 2009 9:05am
Quoting iTrader
EURJPY - SELL - 133.50

Lets see where this will go.
I'm out +18
consistency wins
  • #31
  • Nov 18, 2009 9:11am Nov 18, 2009 9:11am
First pic 15min.
Second one 1h.

on both charts a divergence.

i also monitored dow it was going down this gave me some confidence too that the jpy pairs will go down.
Attached Image (click to enlarge)
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Attached Image
consistency wins
  • #32
  • Nov 18, 2009 9:15am Nov 18, 2009 9:15am
Volatile Market right now, i dont like to take too much pips.
Take what he gives u dont become greedy.

Lets see if there will be another good situation today.
Attached Image (click to enlarge)
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consistency wins
  • #33
  • Nov 18, 2009 9:35am Nov 18, 2009 9:35am
Further to my last few posts,see image!!
Attached Image (click to enlarge)
Click to Enlarge Name: Reactions to horizontal S&R Nov 18th.png Size: 167 KB
Good Trading. (keep it simple).
  • #34
  • Nov 18, 2009 9:40am Nov 18, 2009 9:40am
Quoting Jasper
Further to my last few posts,see image!!
yes very good lines Jasper.

market is respecting them.
consistency wins
  • #35
  • Nov 18, 2009 10:06am Nov 18, 2009 10:06am
EURJPY SELL 133.70 - Will add this position if it goes toward 134.00
consistency wins
  • #36
  • Nov 18, 2009 11:43am Nov 18, 2009 11:43am
Just taken another long, off 1min chart at 1.4971. It looks good to me on P/A, but, we all know how the market can behave!
Attached Image (click to enlarge)
Click to Enlarge Name: 1 min entry Nov 18th.png Size: 145 KB
Good Trading. (keep it simple).
  • #37
  • Nov 18, 2009 12:07pm Nov 18, 2009 12:07pm
Quoting iTrader
EURJPY SELL 133.70 - Will add this position if it goes toward 134.00
I added my position at 133.95 and now im out closed the lower position at BE and the other one +30

if it breaks to 134.25 im planing a short again
consistency wins
  • #38
  • Nov 18, 2009 12:08pm Nov 18, 2009 12:08pm
Quoting Jasper
Just taken another long, off 1min chart at 1.4971. It looks good to me on P/A, but, we all know how the market can behave!

looks good to me Jasper.

good luck.
consistency wins
  • #39
  • Nov 18, 2009 12:21pm Nov 18, 2009 12:21pm
Quoting iTrader
looks good to me Jasper.

good luck.
It's come back further than I expected, have taken 1 lot off at 1.4976, 3 lots still on, S/L at 1.4931, hoping it will go up from 1.4945 area. Although I have not lost faith, "it don't look too promising".

Good luck to you.
Good Trading. (keep it simple).
  • #40
  • Nov 18, 2009 12:41pm Nov 18, 2009 12:41pm
..... Looking much better now, still not out of the mire though!!
Attached Image (click to enlarge)
Click to Enlarge Name: State of Play Nov 18th.png Size: 203 KB
Good Trading. (keep it simple).
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