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  • #3,141
  • Feb 4, 2010 7:37pm Feb 4, 2010 7:37pm
I just read this in the EURCHF forum, no official word yet but it looks pretty promising that this is an intervention...
UBS:
EURCHF: looming interventions? (February 4, 2010, 5:48 PM)
EURCHF dropped to its lowest level since the intervention took place last Friday. The SNB committed to preventing any excessive appreciation of the CHF against the EUR. We expect the SNB to intervene again should the CHF continue to appreciate against the EUR in the coming days.

--NM
  • #3,142
  • Feb 4, 2010 7:44pm Feb 4, 2010 7:44pm
Quoting NightMoves
I just read this in the EURCHF forum, no official word yet but it looks pretty promising that this is an intervention...
UBS:
EURCHF: looming interventions? (February 4, 2010, 5:48 PM)
EURCHF dropped to its lowest level since the intervention took place last Friday. The SNB committed to preventing any excessive appreciation of the CHF against the EUR. We expect the SNB to intervene again should the CHF continue to appreciate against the EUR in the coming days.

--NM
hehehe. Like i said here, the best way to trade EUR/CHF is from the long side:
http://www.forexfactory.com/showpost...postcount=2779

At least, for now.

Nightmoves, true, BOJ may do the same thing. Today is a very serious beating in the forex market. Some serious beating.
  • #3,143
  • Feb 4, 2010 7:46pm Feb 4, 2010 7:46pm
Quoting EntropyLad
hehehe. Like i said here, the best way to trade EUR/CHF is from the long side:
http://www.forexfactory.com/showpost...postcount=2779

At least, for now.

Nightmoves, true, BOJ may do the same thing. Today is a very serious beating in the forex market. Some serious beating.
Yes I think so, you know I made a note of this level, because now we know where the pain threshold area is at....

--NM
  • #3,144
  • Feb 4, 2010 7:55pm Feb 4, 2010 7:55pm
Quoting EntropyLad
hehehe. Like i said here, the best way to trade EUR/CHF is from the long side:
http://www.forexfactory.com/showpost...postcount=2779

At least, for now.

Nightmoves, true, BOJ may do the same thing. Today is a very serious beating in the forex market. Some serious beating.
I am not sure how often they can do that, but this is 2 times in as many weeks, and it looks like the last internvention did not last long, as price fell right back down to around the same area again where this intervention took place. SO I say lets trade it back down to that level, and then go long with 25% of our account at risk and then lets get those beach houses....a Brazillian of them, and I will give you the vendor name where I got that guest bathroom...

--NM
  • #3,145
  • Feb 4, 2010 11:51pm Feb 4, 2010 11:51pm
Guys,

I am new metatrader user and have now tried everything to get a segment line on the platform but no luck.

Any suggestions how to do go about it, I have the MIG version of meta trader and it shows me all other line requirements but not a segment line.

I enjoy metatrader more than the charts provided by my broker, but no segment line makes it difficult.

If you can make any suggestions / offer any advise - please do.

Thanx
P
  • #3,146
  • Feb 4, 2010 11:59pm Feb 4, 2010 11:59pm
Quoting Paulette
Guys,

I am new metatrader user and have now tried everything to get a segment line on the platform but no luck.

Any suggestions how to do go about it, I have the MIG version of meta trader and it shows me all other line requirements but not a segment line.

I enjoy metatrader more than the charts provided by my broker, but no segment line makes it difficult.

If you can make any suggestions / offer any advise - please do.

Thanx
P
If you are talking about the day seperators...right click on the chart, go to properties, and put a check mark by separators and it should show up.

--NM
  • #3,147
  • Feb 5, 2010 12:01am Feb 5, 2010 12:01am
Quoting NightMoves
If you are talking about the day seperators...right click on the chart, go to properties, and put a check mark by separators and it should show up.

--NM
You will need to click on the common tab to find it, when in properties.

--NM
  • #3,148
  • Feb 5, 2010 1:13am Feb 5, 2010 1:13am
Quoting NightMoves
Thats a good point, learn to trade each session, learn what currencies offer the best opportunities in each session and you will bring home the pips. Its all a learning curve, but keeping a method simple and learning the sessions, will make you a happy camper.

I also trade all the sessions, I do have another job, but honestly I keeep my computer on the bench or at my desk and I am always looking for trades to get into.

Plenty of action trading in here for sure. But it takes time to learn you do not want to jump in with real money until you...
Hi NM & the rest of the guys,

NM - on your advise I have now reviewed my journal, split it into a sheet / currency for the pattern breakouts and swings - allowing me to not only keep notes on chart, but also very specifically to the rules for each posibility. A schlep maybe, but as the trade sets up, I can now review it against the rules as the setup unfolds and know what it needs to do next.

For LOB I have setup a seperate sheet as it reviews very morning on the same set of rules.

As for trading Asian session as well, if I now see a good setup developing, then I sacrifice the nite's shut-eye to see things unfolding... As a rule I trade London and NY.

A lot of clarity has stepped into my trading - thanks again for all the knowledge and support shared on this thread.
  • #3,149
  • Feb 5, 2010 3:37am Feb 5, 2010 3:37am
anyone here going to trade the NFP?
  • #3,150
  • Feb 5, 2010 3:45am Feb 5, 2010 3:45am
Quoting NightMoves
Here is the chart for us Pip Dawg seeing as how we have a brazillian beach houses...

--NM
I hope it's not too late for this reply but I just saw this.

I'm loving the errors and mistakes chart but I believe there are some pitfalls you may want to add if you are trading from the Brazilian beach house.

#11 Too many bikini girls on my lap at one time -limit 2.
#12 Speedo too tight during London Open Breakout.
#13 Bikini hanging on my monitor looked amazingly like a triangle breakout.

I hope this helps.
  • #3,151
  • Feb 5, 2010 5:23am Feb 5, 2010 5:23am
Quoting piyeree
anyone here going to trade the NFP?
I avoid the news like the plague, not for only for the reason it is impossible to know which way it is going to go, but the biggy is, there is no garrantee that your SL will be triggered where you want it triggered. It could shoot right past them and not trigger them.

And most brokers will tell you the same thing, no warranty at all, you know the hazards when you bought the ticket. It may get triggered or it may not get triggered, thats the chance you take...and it works the same way with the TP it may not trigger...

So I stay way from the news.
  • #3,152
  • Edited 6:00am Feb 5, 2010 5:55am | Edited 6:00am
Quoting NightMoves
I avoid the news like the plague, not for only for the reason it is impossible to know which way it is going to go, but the biggy is, there is no garrantee that your SL will be triggered where you want it triggered. It could shoot right past them and not trigger them.

And most brokers will tell you the same thing, no warranty at all, you know the hazards when you bought the ticket. It may get triggered or it may not get triggered, thats the chance you take...and it works the same way with the TP it may not trigger...

So I stay way from the...
thanks for the advice just to clarify do you avoid all news? or just the NFP? the reason why i am asking is because there are a lot of news with different degrees going around throughout the day
  • #3,153
  • Feb 5, 2010 6:38am Feb 5, 2010 6:38am
Aheup folks.

Just another quick question...

Do you guys have some kind of structure or procedure for when you trade?

What i mean with this if anyone here applies some kind of structure behind hours per day "worked", start and finishing time, entry pre-requisites, news procedures if they appear, in-trade procedure, post-trade procedure....

It might sound daft this question but im curious as to how you guys set yourselfs x time per day to trade since i imagine most have jobs here as me included...

cheers.

Pip
  • #3,154
  • Feb 5, 2010 6:48am Feb 5, 2010 6:48am
Quoting piyeree
thanks for the advice just to clarify do you avoid all news? or just the NFP? the reason why i am asking is because there are a lot of news with different degrees going around throughout the day
I avoid the Red and Orange flagged news the rest of the new does not seem to matter too much and the market does seem as vulnerable to the other news.

--NM
  • #3,155
  • Feb 5, 2010 6:54am Feb 5, 2010 6:54am
Quoting Pipalicious
Aheup folks.

Just another quick question...

Do you guys have some kind of structure or procedure for when you trade?

What i mean with this if anyone here applies some kind of structure behind hours per day "worked", start and finishing time, entry pre-requisites, news procedures if they appear, in-trade procedure, post-trade procedure....

It might sound daft this question but im curious as to how you guys set yourselfs x time per day to trade since i imagine most have jobs here as me included...

cheers.

Pip
Hi Pip,
and the answer to that question is Yes absolutely, I have a sheet that has all the criteria that I need to be inplace before I pull the trigger, it has a complete out line of news period blackout time meaning No trades during that time, along with many other critierias I need.

Post trade, is all done in the trade journal, including images of the chart and then i mark those charts up so I can see exactly what made me enter the trade, then Ihyper link to that image in the trade journal.

Anything that had to do with that trade, is all in the journal, graphs, entries, exits, how many lots, which I also have on my pre-entry conditions sheet. The session traded, the time of day, Win/loss, mistakes...etc

I may have more information than most traders keep but it absolutely helps down the road when your trying to review what happened, good bad or indifferent.

--NM
  • #3,156
  • Feb 5, 2010 6:56am Feb 5, 2010 6:56am
HEY, did you re-enter short again at reversal candle confirmation at 2.000 for EUR/NZD? Since you mentioned the major importance of it as a S/R level. And i agree, of course



Quoting Chris P
Hey EntropLad,

Here's a bare chart on another 4h close which helps to explain my entry. The 2.0000 level was the key reaction point that we'd indentified from the swings, fib retraces etc, etc. Sometimes if I get the right price action I'll take a position right from here, but if not I wait for more confirmation. We did get an initial Bearish Outside Bar off that level (1st arrow), but the close wasn't low enough to get me interested.

After a few more bars of consolidation we then had a go at retesting that area, and price was again rejected,...
  • #3,157
  • Feb 5, 2010 7:00am Feb 5, 2010 7:00am
Quoting NightMoves
Hi Pip,
and the answer to that question is Yes absolutely, I have a sheet that has all the criteria that I need to be inplace before I pull the trigger, it has a complete out line of news period blackout time meaning No trades during that time, along with many other critierias I need.

Post trade, is all done in the trade journal, including images of the chart and then i mark those charts up so I can see exactly what made me enter the trade, then Ihyper link to that image in the trade journal.

Anything that had to do with that trade, is all in...
I do exactly the same thing too. I use excel though. And i have folder for each week's traded charts. I think there is also one you can download from hector as part of the old course.
  • #3,158
  • Feb 5, 2010 7:09am Feb 5, 2010 7:09am
Quoting EntropyLad
I do exactly the same thing too. I use excel though. And i have folder for each week's traded charts. I think there is also one you can download from hector as part of the old course.
I use excel for the journal but I only use the pre entry sheet as a guide, I dont write on that. I also use another sheet that I print out so I can wirte down all the details on the trade, then it makes it easier when inputting the data into the journal.
I have kept a journal since I started trading some years ago. I have folders for each currency pair and in those folders are weekly folders that have the trades for that week. I back everything up every other day, or so.

--NM
  • #3,159
  • Feb 5, 2010 7:21am Feb 5, 2010 7:21am
Quoting EntropyLad
I do exactly the same thing too. I use excel though. And i have folder for each week's traded charts. I think there is also one you can download from hector as part of the old course.
Does he have anything like with his new course? Or he has gotten away from all that?

--NM
  • #3,160
  • Feb 5, 2010 7:25am Feb 5, 2010 7:25am
Quoting EntropyLad
I do exactly the same thing too. I use excel though. And i have folder for each week's traded charts. I think there is also one you can download from hector as part of the old course.
This is the sheet that I print out, this is the one I use now to write all the trade detials on to make it easier to enter into the journal.

--NM
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