Just setup my charts to prepare my new trading season and included the dash.
Man, what a great work for a cost of only 4 standart pips, congrats.
Man, what a great work for a cost of only 4 standart pips, congrats.
- #561
- Jan 20, 2010 8:53pm Jan 20, 2010 8:53pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
- #565
- Jan 20, 2010 10:46pm Jan 20, 2010 10:46pm
- | Commercial User | Joined Jul 2009 | 1,436 Posts
Further to my post '338 My Typical Trading Day' ...
Here's some trading videos for my first trade today ... very full explanations
Video 01 Assess the market for likely trading opportunities
Video 02 Enter the trade (based on DP bounce / round number / divergence)
Video 03 Managing the trade (show how to 'average in')
Video 04 Exiting the trade
Made twice the target profit for the day with this trade
Here's some trading videos for my first trade today ... very full explanations
Video 01 Assess the market for likely trading opportunities
Video 02 Enter the trade (based on DP bounce / round number / divergence)
Video 03 Managing the trade (show how to 'average in')
Video 04 Exiting the trade
Made twice the target profit for the day with this trade
- #566
- Edited 10:58pm Jan 20, 2010 10:51pm | Edited 10:58pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
- #567
- Jan 20, 2010 10:56pm Jan 20, 2010 10:56pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
You are basicly right Zizoy, but you can't force me to take someone who claims that he makes constantly 1000 pips weekly for his clients as serious, sorry.
If someone could archive that, could hire Warren Buffet in some month as his secretary.
If someone could archive that, could hire Warren Buffet in some month as his secretary.
Hey Guys I don't want to insult any1 or i don't mean to offense any1 in fact i didn't want to comment on this yesterday but i can't just walk away..
Startman did Great job he done excellent work and what ever happened between him and Zax That happened between Him and ZAX none of you guys were there none of you have right to comment on this let them figured that out...!!! And if you don't know him in person then don't call him clown or JOKE i am not defending him i just don't like when the people leaving bad comment just...
- #568
- Jan 20, 2010 11:15pm Jan 20, 2010 11:15pm
You are basicly right Zizoy, but you can't force me to take someone who claims that he makes constantly 1000 pips weekly for his clients as serious, sorry.
If someone could archive that, could hire Warren Buffet in some month as his secretary.
But i didn't mean to offense any1 and i didn't comment on specific post i was Saying in General..
- #569
- Jan 21, 2010 12:47am Jan 21, 2010 12:47am
- | Commercial User | Joined Jul 2009 | 1,436 Posts
Here is GU on H4 ... notice how well respected the higher timeframe fibs are ... Green is Weekly Fib, Brown is Daily Fib.
Also added a couple of big round numbers 1.62000 and 1.63000. No other SR lines drawn ... Fibs and round numbers say it all.
Also note the head and shoulders. If it breaks immediately, the target is ... length of neckline to middle peak put below the neckline which coincides exactly with the Weekly 38.2% fib.
Another option is a better formed second shoulder peaking at daily 50% fib and then heading to the same target ie weekly 38.2% fib.
You might need to click on this to see the candle wicks better (in popup window)
Also added a couple of big round numbers 1.62000 and 1.63000. No other SR lines drawn ... Fibs and round numbers say it all.
Also note the head and shoulders. If it breaks immediately, the target is ... length of neckline to middle peak put below the neckline which coincides exactly with the Weekly 38.2% fib.
Another option is a better formed second shoulder peaking at daily 50% fib and then heading to the same target ie weekly 38.2% fib.
You might need to click on this to see the candle wicks better (in popup window)
- #576
- Jan 21, 2010 9:30pm Jan 21, 2010 9:30pm
- | Commercial User | Joined Jul 2009 | 1,436 Posts
I'm able to do the 20 pips target early in Asian session each day ... this is my only trade today (over 60 pips):
- #577
- Jan 21, 2010 11:24pm Jan 21, 2010 11:24pm
- Joined May 2009 | Status: step into liquid | 3,459 Posts
Great job and I plan on studying the videos in depth after I get some shut eye.
Thank you for the fine job you've been doing!
Thank you for the fine job you've been doing!
- #579
- Jan 22, 2010 3:16am Jan 22, 2010 3:16am
- | Commercial User | Joined Jul 2009 | 1,436 Posts
To profit in forex, price has to move ie we need volatility. We also need volume as well to give stability to that volatility.
During the asian session, both UK and US markets are closed. Institutional traders (banks) will be transacting less EU and GU ie lower volume. Retail traders need to be very cautious trading on low volume.
Because the yen is an asian currency, it can be traded with better confidence than EU/GU during the asian session.
EJ also moves well during US/UK sessions so is a very good currency to learn to trade all day long ... only issue is it usually has a larger spread than EU/GU.
During the asian session, both UK and US markets are closed. Institutional traders (banks) will be transacting less EU and GU ie lower volume. Retail traders need to be very cautious trading on low volume.
Because the yen is an asian currency, it can be traded with better confidence than EU/GU during the asian session.
EJ also moves well during US/UK sessions so is a very good currency to learn to trade all day long ... only issue is it usually has a larger spread than EU/GU.
Stratman, I have a question why do people like to trade EURJPY pair in the Asian session instead of trading EURUSD and GBPUSD pairs?Please advice.