Attachments: EURUSD

EURUSD

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#224,681
Apr 13, 2010 3:28am Apr 13, 2010 3:28am

Icannaesee
| Joined Jan 2010 | Status: The Losses Wizard | 503 Posts

Quoting Trading Cat

Disliked

Is a trading condition I am not good in. Very good in break outs or trending markets but ranging I am sh#*t. Should anyone have a good book to read for ranging market pls let me know as I need to change this.
Thanks in advance
TCat

Ignored

TBH I use 2 indicators for ranging, nonlagdot and gut instinct, oh and a damn tight stop loss. I'm right about 70% of the time, so I'm ahead. It's the breakouts I mess up with.

I operate with clear definite rules, if I break them I lose BIG!

#224,682
Apr 13, 2010 3:29am Apr 13, 2010 3:29am

T.E.Lawrence
| Joined Jan 2009 | Status: Trader | 3,071 Posts

Quoting enterfx

Disliked

We had a triangle fake breake down and my idea is UJ will break to the upside.

Ignored

if it's true, that's a helluva fakeout

#224,683
Apr 13, 2010 3:30am Apr 13, 2010 3:30am

proletary
| Joined Mar 2010 | Status: Trader | 129 Posts

Quoting T.E.Lawrence

Disliked

i had an oanda account few months ago and I could hegde. Get their demo and check for yourself. I think in Europe (I mean with european brokers) you can hedge. For instance - I couldn't hedge with FXCM US account but was able using FXCM UK account.

Ignored

I think it is more about the brokers sales strategy rather than actual state regulations or laws in the given country. I have two broker accounts one with a Polish broker and the second with FXPro (Cyprus). Both in the EU obviously, but only the cypriot allows me to hedge.

Best Regards

"Put your shoulder to the wheel!"

#224,684
Apr 13, 2010 3:30am Apr 13, 2010 3:30am

thelws
| Joined Nov 2008 | Status: Trader | 2,055 Posts

Quoting Icannaesee

Disliked

TBH I use 2 indicators for ranging, nonlagdot and gut instinct, oh and a damn tight stop loss. I'm right about 70% of the time, so I'm ahead. It's the breakouts I mess up with.

Ignored

Please do teach. I'm much like trading cat. trending I can do... Sideways I cannot.

At the very least I'd like to know how to determine what is sideways so I can at least stay out...

#224,685
Apr 13, 2010 3:31am Apr 13, 2010 3:31am

lolygagv2
| Joined Feb 2010 | Status: Trader | 427 Posts

Quoting Icannaesee

Disliked

TBH I use 2 indicators for ranging, nonlagdot and gut instinct, oh and a damn tight stop loss. I'm right about 70% of the time, so I'm ahead. It's the breakouts I mess up with.

Ignored

Yeah I'll second that....if you're a trend trader/swing trader, which is actually where the big longer position bets come in, you'll suck it up in choppy markets and get eaten alive. (If you're wrong, you'll get taken out quick, but if you're right you'll only make a small profit before it reverses again lose/small win).

But like my buddy who runs a hedge fund, if you figure out your own algos, indicators or whatever, you can look at a 5 minute chart and scalp all day as it chops along. It's more work.......but you can be right a lot.....and you'll be ahead.

#224,686
Apr 13, 2010 3:32am Apr 13, 2010 3:32am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

Quoting thelws

Disliked

Please do teach. I'm much like trading cat. trending I can do... Sideways I cannot.

At the very least I'd like to know how to determine what is sideways so I can at least stay out...

Ignored

hahaha the sideway is no problem to determine just would like to get some more info on how to trade it better, as I am normally sidelined in those conditions....

Trade on your own risk Plan your trade&trade your plan dont be a

#224,687
Apr 13, 2010 3:33am Apr 13, 2010 3:33am

T.E.Lawrence
| Joined Jan 2009 | Status: Trader | 3,071 Posts

Quoting Trading Cat

Disliked

Is a trading condition I am not good in. Very good in break outs or trending markets but ranging I am sh#*t. Should anyone have a good book to read for ranging market pls let me know as I need to change this.
Thanks in advance
TCat

Ignored

Attached Image

Cheers.

#224,688
Apr 13, 2010 3:33am Apr 13, 2010 3:33am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Looks like we'll have to wait Greek auction to get a direction

COT: The precious data ignored

#224,689
Apr 13, 2010 3:33am Apr 13, 2010 3:33am

Driver55
Joined Apr 2007 | Status: Trader | 3,055 Posts

Morning

The best thing that can happen to you is to find out where you're wrong.

#224,690
Apr 13, 2010 3:34am Apr 13, 2010 3:34am

realjumper
Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts

Quoting enterfx

Disliked

We had a triangle fake breake down and my idea is UJ will break to the upside.

Ignored

Yeah it might, but the stochastic doesn't support that at the moment. Also it's got to get above the DP, and the Weekly pivot and R1 are right next to each other only abut 25 pips north of the DP. If it does go north, it might be another strong burst lke we saw earlier on.....

Doing what you like is Freedom. Liking what you do is Happiness.

#224,691
Apr 13, 2010 3:35am Apr 13, 2010 3:35am

scurt
| Joined Jun 2009 | Status: Trader | 622 Posts

1/3 closed at +30pips, already BE, will add more shorts when it breaks 3565.
target1 - 1.3530

Quoting scurt

Disliked

entered short with tight sl at DP

Ignored

#224,692
Apr 13, 2010 3:36am Apr 13, 2010 3:36am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

love it thanks mate

Quoting T.E.Lawrence

Disliked

Attachment

Cheers.

Ignored

Trade on your own risk Plan your trade&trade your plan dont be a

#224,693
Apr 13, 2010 3:36am Apr 13, 2010 3:36am

uraceulose
Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts

Quoting Driver55

Disliked

Morning

Ignored

good morning sir

#224,694
Apr 13, 2010 3:38am Apr 13, 2010 3:38am

marcus1rex
| Membership Revoked | Joined Jan 2010 | 98 Posts

Quoting T.E.Lawrence

Disliked

Attachment

Cheers.

Ignored

lol classic

#224,695
Apr 13, 2010 3:39am Apr 13, 2010 3:39am

T.E.Lawrence
| Joined Jan 2009 | Status: Trader | 3,071 Posts

gu starts climbing after the news

#224,696
Apr 13, 2010 3:40am Apr 13, 2010 3:40am

Brb-Fraudin
| Joined Jan 2009 | Status: 10K a day. | 502 Posts

Added Sell Stop order at 1.3560 TP 50 pips and SL 25 pips

#224,697
Apr 13, 2010 3:41am Apr 13, 2010 3:41am

Brb-Fraudin
| Joined Jan 2009 | Status: 10K a day. | 502 Posts

Quoting T.E.Lawrence

Disliked

gu starts climbing after the news

Ignored

Yeah I was long since yesterday , what news ??

#224,698
Apr 13, 2010 3:43am Apr 13, 2010 3:43am

Iplus3
| Membership Revoked | Joined Feb 2010 | 285 Posts

Quoting andreypu

Disliked

Thanks everybody for the info on oanda

Ignored

I have been using them for about 2 years now and I am very happy with them.. I have never felt that they were stop hunting me or that my money was not safe. I only planned on using them for a short time. After about 6 months I decided that they were just fine and I stayed with them.. Tried others but was not happy..