Hmm... never looked at this cross before. I just trade EUR/USD long and USD/CAD short atm.
- #166,621
- Nov 27, 2009 12:11pm Nov 27, 2009 12:11pm
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
- #166,622
- Nov 27, 2009 12:13pm Nov 27, 2009 12:13pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
Hmm... never looked at this cross before. I just trade EUR/USD long and USD/CAD short atm.
When life gives you lemons, make lemonade
- #166,623
- Nov 27, 2009 12:15pm Nov 27, 2009 12:15pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
even for the yen my calculations are at 138.55 
When life gives you lemons, make lemonade
- #166,624
- Nov 27, 2009 12:16pm Nov 27, 2009 12:16pm
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
- #166,625
- Nov 27, 2009 12:18pm Nov 27, 2009 12:18pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
When life gives you lemons, make lemonade
- #166,626
- Nov 27, 2009 12:22pm Nov 27, 2009 12:22pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
When life gives you lemons, make lemonade
- #166,627
- Nov 27, 2009 12:26pm Nov 27, 2009 12:26pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
When life gives you lemons, make lemonade
- #166,628
- Nov 27, 2009 12:29pm Nov 27, 2009 12:29pm
- Joined May 2009 | Status: Re-member | 6,497 Posts
just afraid that EJ going to get pulled down again, the correlation this week is very high. I am waiting to see how it goes later before buying, or maybe next week, we will be looking to hold this beast for a while - month maybe more.But first it needs to hit the bottom for the weekly - whatever that's going to be. or show some sign of upward move. be careful as it's ranging weekly for a long while, it may break out to the down side - you never know. Check the weekly and you can see the last breakout. (wishing it will break out to the upside in...
And +6% later here we stand again agian...
It seems like you are over complicating things
In my opinion, and that's why we are all here? to give and take... widening our horizon... We all have the same goal in the end.
This is how I read a chart, I don't need anything else than a good probability trade and then trail that stop... I don't use auto trailing because thats going to give you fake resistance points... because we are all looking at the same chart and same levels (most of the time)....
On EJ I use either SMA, Parabolic to see the trend.. enter at end of bar where HH-Higher Lows is showing.... see chart...
I also enter the different crosses at set times... Backtested times...
Seriously the money doesn't come from fancy indicators or stuff like that, I can make money using SMA for entry and just trail that stop. This is going to give me small losses and small wins with huge winnings in between.
Here is a chart from what I did last night.... and please don't take me as an ass, I just feel that I can be corrected on and help others which is one step closer to more winning.
- #166,629
- Nov 27, 2009 12:36pm Nov 27, 2009 12:36pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
And +6% later here we stand again agian...
It seems like you are over complicating things
In my opinion, and that's why we are all here? to give and take... widening our horizon......
the way i see it EURJPY can go either ways from here, i looked at the charts again and closed my shorts because i saw something i didnt see before opening the trade...
all moving averages are not precise, what is precise is Fibonacci's if you know how to chose the trends
When life gives you lemons, make lemonade
hey dude,
the way i see it EURJPY can go either ways from here, i looked at the charts again and closed my shorts because i saw something i didnt see before opening the trade...
all moving averages are not precise, what is precise is Fibonacci's if you know how to chose the trends
- #166,631
- Nov 27, 2009 1:53pm Nov 27, 2009 1:53pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
Ya know micho, I've been trading for years and always thought the fibs were a bunch of crap, but since I was so bored I decided to check out a fib retracement chart of the past couple days on an H1. Looks like it might be a decent tool for scalping a few pips here and there. I'm going to have to reconsider my stance on fibs...
When life gives you lemons, make lemonade
fibs are not crap but the way people use it is crap... fibs is how the price reacts naturally, pure math
P.S. - nice late pop on the euro, helps my long a little
- #166,633
- Nov 27, 2009 2:00pm Nov 27, 2009 2:00pm
- Joined Jan 2008 | Status: I'll Take Your Pips | 1,338 Posts
- #166,634
- Nov 27, 2009 2:07pm Nov 27, 2009 2:07pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
I'm a scientist in my day job, so tend to be skeptical, but I took a closer look at them because you seem to be a decent trader and obviously have a good reason to use them. Mind if I ask what timeframe you use? Also, do you use the retracements, fans, timezone, etc?
P.S. - nice late pop on the euro, helps my long a little
no fans, rarely timezones
When life gives you lemons, make lemonade
- #166,636
- Edited 3:08pm Nov 27, 2009 2:40pm | Edited 3:08pm
And +6% later here we stand again agian...
It seems like you are over complicating things
In my opinion, and that's why we are all here? to give and take... widening our horizon......
no, absolutely not
I appreaciate different views, as long that we can make money
I saw the entry for both the 1h long on my chart. but am very hesitant because the bear move from EU is not over, if it tanks EJ gets dragged with it. Their moves are very similar when there is a huge EU move. I use the MA for rebounce. reentry. I am playing it cautious. EJ has a lot more upside move, so I am not worried to get in at later entry. Every sign tells me that to buy EJ but I am waiting it out more
I am both right and wrong, what's important is the amount of $$$ in my bank
- #166,640
- Nov 27, 2009 3:59pm Nov 27, 2009 3:59pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
USDJPY next target 85.5x (possible gap down)
EURCAD next target 1.590x (possible gap up)
EURUSD and GPBUSD not so clear (possible gap up)
GPBJPY next target 140.3x (possible gap down)
EURCAD next target 1.590x (possible gap up)
EURUSD and GPBUSD not so clear (possible gap up)
GPBJPY next target 140.3x (possible gap down)
When life gives you lemons, make lemonade