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  • #321
  • Apr 19, 2010 6:17am Apr 19, 2010 6:17am
Quoting ogeid
Double bottom PBs on NZD/JPY
Not a pir I follow intraday...but had a look and nothing on my feed to trade off...can you post a chart?
  • #322
  • Apr 19, 2010 6:18am Apr 19, 2010 6:18am
I saw that the info on CADJPY is a bit wrong

I checked with my FxPro, modified it and it should work ok. Sorry about that.

That H1 BEOB on EG off of PPZ and 365, is it worth anything? (Maybe for closing the gap?)

Edit: Just saw your post. I guess it is worth it
Attached File(s)
File Type: mq4 Market-Value_GBP.mq4   4 KB | 193 downloads
  • #323
  • Apr 19, 2010 6:19am Apr 19, 2010 6:19am
Quoting ingmarforex
Hi Guys,

I am looking for a good round number indicator would be nice if someone could share it?

- I also had some questions have you been members of j16 private forum or you 2 just readed the thread.

-What kind of threads or books you will recomend more?

Thanks for help
I just read the thread and summaries especially. Never been to private forum.
.
Attached File(s)
File Type: mq4 SpacedLines .mq4   4 KB | 290 downloads
File Type: mq4 SweetSpotsGOLD.mq4   4 KB | 258 downloads
  • #324
  • Apr 19, 2010 6:21am Apr 19, 2010 6:21am
Quoting neutro
I saw that the info on CADJPY is a bit wrong

I checked with my FxPro, modified it and it should work ok. Sorry about that.

That H1 BEOB on EG off of PPZ and 365, is it worth anything? (Maybe for closing the gap?)

Edit: Just saw your post. I guess it is worth it
Yeah that did have me scratching my head when calculating the lot size for that trade lol.

Thanks for fixing
  • #325
  • Apr 19, 2010 6:22am Apr 19, 2010 6:22am
Oh yeah, and another question.

How do you keep up with so many pairs intraday? Because switching constantly between 10 pairs makes me lose focus. I mark the PPZ and stuff but there are things that you can miss when switching from pair to pair.
  • #326
  • Apr 19, 2010 6:26am Apr 19, 2010 6:26am
Quoting ingmarforex
Hi Guys,

I am looking for a good round number indicator would be nice if someone could share it?

- I also had some questions have you been members of j16 private forum or you 2 just readed the thread.

-What kind of threads or books you will recomend more?

Thanks for help
Yeah, I just read some of the summaries and then just followed the thread to understand and asked questions. Also I would recommend watching Jims rants video in the guest section on the PF website.

I was a member of the PF for 2 months a while back...PM me any specific questions you have in this regard.

Only trading book I've ever read (well got 30 pages to go...) is ROASO.

Other threads I would recommend are:

http://www.forexfactory.com/showthread.php?t=62141
http://www.forexfactory.com/showthread.php?t=206723
  • #327
  • Apr 19, 2010 6:26am Apr 19, 2010 6:26am
Quoting lovejoy80
Yeah that did have me scratching my head when calculating the lot size for that trade lol.

Thanks for fixing
Sure, no problem.
  • #328
  • Apr 19, 2010 6:26am Apr 19, 2010 6:26am
Quoting nasir.khan
I just read the thread and summaries especially. Never been to private forum.
.

Thank you My friend also Lovejoy thanks
  • #329
  • Apr 19, 2010 6:30am Apr 19, 2010 6:30am
Quoting neutro
Oh yeah, and another question.

How do you keep up with so many pairs intraday? Because switching constantly between 10 pairs makes me lose focus. I mark the PPZ and stuff but there are things that you can miss when switching from pair to pair.
lol...it can be tough at times...but the xxx/USD and xxx/JPY a large part of the time follow each other so it's like watching two pairs. Other than that I just set audible alerts at major areas where I want to watch price approach.

I miss trades too and find it hard to focus at times when a lot is going on, but the beauty of this business is that you don't need to take every possible trading setup in order to be succesful as there are so many opportunities.

I used to get very frustrated at seeing others take trades that soared that I missed but learnt to be relaxed about this as there are so many opportunities in this market.

My biggest frustrating moment (which still hurts) was closing my U/C trade last week which had a 7 pip SL (as per my posts at weekend) ...but you learn to move on with a fresh mindset as there are lots of opportunities through the course of the week and if you do take too many trades you can lose focus and mis-manage the ones you do take - that's what Iwas guilty off towards the end of last week.
  • #330
  • Apr 19, 2010 6:40am Apr 19, 2010 6:40am
Here another 1 of oil lets see how it goes


http://i44.tinypic.com/219vw94.jpg
  • #331
  • Apr 19, 2010 6:43am Apr 19, 2010 6:43am
oil Hmmm pinbar forming
  • #332
  • Apr 19, 2010 6:47am Apr 19, 2010 6:47am
Quoting ingmarforex
Here another 1 of oil lets see how it goes


http://i44.tinypic.com/219vw94.jpg
Perfectly good reason for an entry...strong down trend though, that would be my concern. I did consider a touch trade @ 82.00 but decided not to and of course have a short trade on the go.

There were a few touch trades that would have worked out this morning.
  • #333
  • Apr 19, 2010 7:13am Apr 19, 2010 7:13am
Quoting lovejoy80
BEOB on E/G with divergence @ PPZ

Short @ 0.8818 SL @ 0.8844 - 2%
You shorted G/U this morning and you added later a E/G short. Unless Euro falls apart, is it not a kind of conflict?

Do not take me wrong, I d like to understand your thoughts.

Cheers
  • #334
  • Apr 19, 2010 7:18am Apr 19, 2010 7:18am
Here were my entries on GJ and EJ:

GJ long @ 139.93, SL @ 139.30 - 0.5%
EJ long @ 123.55, SL @ 123.10 - 0.5%

Exited EJ @ 123.48 and GJ @ 140.09 - both failed to break above their 1HR resistance and retraced...was looking for quick sharp break...

Really should have waited for Oil to break 82.00 before going short CJ.

There were nice touch trade setups on EJ,GJ,Oil, E/G and G/CHF to name a few this morning.

Will add another position on EG on a break of 8800 and will take some profit @ 8785.
  • #335
  • Apr 19, 2010 7:20am Apr 19, 2010 7:20am
Quoting ogeid
You shorted G/U this morning and you added later a E/G short. Unless Euro falls apart, is it not a kind of conflict?

Do not take me wrong, I d like to understand your thoughts.

Cheers
Not really...as whats stopping Euro falling quicker the GBP? Didnt take a EU short as the setup was better on GU.

They are both falling so I took GU as clear valley and peaks compared to EU and BEOB on E/G indicates that EU will fall faster than GU.
  • #336
  • Apr 19, 2010 7:23am Apr 19, 2010 7:23am
Quoting lovejoy80
Not really...as whats stopping Euro falling quicker the GBP? Didnt take a EU short as the setup was better on GU.

They are both falling so I took GU as clear valley and peaks compared to EU and BEOB on E/G indicates that EU will fall faster than GU.
I agree with you I am also in this trade from .8820. I also think you do not want to see your currency falling apart before the elections. LOL!!
  • #337
  • Apr 19, 2010 7:29am Apr 19, 2010 7:29am
Quoting ogeid
I agree with you I am also in this trade from .8820. I also think you do not want to see your currency falling apart before the elections. LOL!!
The Euro is fundamentally weaker than the GBP over the medium / long term IMO...it is in serious trouble and I expect to see parity by end of the year. GBP is being weighed fundamentally at the moment due to possibility of a hung parliment which is a strong possibility as all three parties are quite close...with the knock on affect that a hung parliment might not make decisions quck enough in order to cut our budget deficit.

I have most of my savings in USD and am in the process of converting all my trading funds into USD too...only thing that affects me personally is my holiday next year will be expensive if GBP continues to weaken (Off to Hong Kong and Malaysia).
  • #338
  • Apr 19, 2010 7:34am Apr 19, 2010 7:34am
lol i don't need a currency to fall apart for my lousy 60 pips.

Half closed and Stop near BE now anyway.
  • #339
  • Apr 19, 2010 7:41am Apr 19, 2010 7:41am
Quoting lovejoy80
The Euro is fundamentally weaker than the GBP over the medium / long term IMO...it is in serious trouble and I expect to see parity by end of the year. GBP is being weighed fundamentally at the moment due to possibility of a hung parliment which is a strong possibility as all three parties are quite close...with the knock on affect that a hung parliment might not make decisions quck enough in order to cut our budget deficit.

I have most of my savings in USD and am in the process of converting all my trading funds into USD too...only thing that...
In Fact I would like to open another USD Broker account asap, before I pay too much.

It would be nice if it closes the gap !
  • #340
  • Apr 19, 2010 7:43am Apr 19, 2010 7:43am
EG pending short is @ 0.8897 with SL @ 0.8823 - 1%

Hmmm look at G/CHF now...that touch trade and Oil would have been great.

Exited G/J too soon looking at price now...looks like a retrace is occuring prior to US open. GBP has had a surge and looking like both GU shorts will hit SL and CJ is close too. Not the best start to the week!
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