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  • #581
  • Apr 21, 2010 9:30am Apr 21, 2010 9:30am
Quoting lovejoy80
Yeah I think it is merely delaying the inevitable...there really is nothing stopping the dow at the moment...it has retraced all off last Friday's drop...very strong buyers at the moment. I reckon the reaction down will be short lived and it will pick up more buyers and soar through...I'm gonna put pending orders on some xxx/jpy to go long if it does...I reckon if it breaks above 11000 it will soar up quite quickly dragging xxx/jpy with it.

E/G and G/CHF has saved me today so far...trend trades getting me out of my CT mess.

When I was shorting...
You need to take a Breath LJ.

You'r rushing to much.
.
  • #582
  • Apr 21, 2010 9:35am Apr 21, 2010 9:35am
Quoting nasir.khan
You need to take a Breath LJ.

You'r rushing to much.
.
Yeah I know

Well that nice little Dow scare meant I got better entries to add to my AJ,GJ,GU shorts
  • #583
  • Apr 21, 2010 9:43am Apr 21, 2010 9:43am
double bottom (look @ 4HR) and divergence...I wanted to wait for a break of the consolidation.
Attached Image (click to enlarge)
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  • #584
  • Apr 21, 2010 9:49am Apr 21, 2010 9:49am
winding up for a breakout I reckon...sellers rejected the PPZ but cant push it further down with the trend...each time it approaches the PPZ it will get stronger and stronger and buyers will overcome the sellers...well thats how I look at situations like this...
Attached Image (click to enlarge)
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  • #585
  • Apr 21, 2010 10:42am Apr 21, 2010 10:42am
Summary of current trades...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj.gif Size: 17 KB
Click to Enlarge Name: au.gif Size: 17 KB
Click to Enlarge Name: cj.gif Size: 17 KB
Click to Enlarge Name: ea.gif Size: 14 KB
Click to Enlarge Name: eu.gif Size: 18 KB
Click to Enlarge Name: gj.gif Size: 17 KB
Click to Enlarge Name: gu.gif Size: 18 KB
  • #586
  • Apr 21, 2010 10:42am Apr 21, 2010 10:42am
...
Attached Image (click to enlarge)
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  • #587
  • Apr 21, 2010 10:52am Apr 21, 2010 10:52am
I spotted this head and shoulder in a strong uptrend neckline in confluence with trendline


http://i41.tinypic.com/2w32a1u.jpg
  • #588
  • Apr 21, 2010 10:55am Apr 21, 2010 10:55am
Quoting ingmarforex
I spotted this head and shoulder in a strong uptrend neckline in confluence with trendline


http://i41.tinypic.com/2w32a1u.jpg
Is that FTSE futures?

Well spotted...I'm rubbish at spotting these patterns and playing them.
  • #589
  • Apr 21, 2010 10:56am Apr 21, 2010 10:56am
Not keen on holding my shorts for too long unless dow futures can break the first PPZ level...if we can break both levesl marked these should turn into runners....if it cant I'll be banking what profit I can.
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 17 KB
  • #590
  • Apr 21, 2010 11:01am Apr 21, 2010 11:01am
I go and hit the gym and all hell brakes loose.

You're overtrading LJ, try and stay calm. One good trade is better then 3 bad ones.
  • #591
  • Apr 21, 2010 11:02am Apr 21, 2010 11:02am
Quoting lovejoy80
Is that FTSE futures?

Well spotted...I'm rubbish at spotting these patterns and playing them.

Hi lovejoy,

Yes it is the ftse
  • #592
  • Apr 21, 2010 11:32am Apr 21, 2010 11:32am
One of my stupid questions.

Yesterday I reviewed all my alerts on FxPro and this morning when I opened the platform no one was there

Any suggestion?

Tx
  • #593
  • Apr 21, 2010 11:34am Apr 21, 2010 11:34am
Quoting ogeid
One of my stupid questions.

Yesterday I reviewed all my alerts on FxPro and this morning when I opened the platform no one was there

Any suggestion?

Tx
Maybe they were triggered and they expired. I don't know how alerts work if the conditions are met when the platform is closed.
  • #594
  • Apr 21, 2010 11:41am Apr 21, 2010 11:41am
Quoting neutro
Maybe they were triggered and they expired. I don't know how alerts work if the conditions are met when the platform is closed.
Unfortunately they were not triggered it was more than 20 pairs.
I really do not understand it, first time happened.
I now save the profile in MT4 and see what it will be tomorrow
  • #595
  • Apr 21, 2010 11:58am Apr 21, 2010 11:58am
Quoting ogeid
Unfortunately they were not triggered it was more than 20 pairs.
I really do not understand it, first time happened.
I now save the profile in MT4 and see what it will be tomorrow

I've never had this happen to me and ant think what could cause it. From my experience MT4 is quiter unstable at times and if your MT4 gets shut down suddenly e.g. your computer crashes then thing slike this could get deleted. I've had my templates and prfile deleted randomly at times...always back them up now.
  • #596
  • Apr 21, 2010 12:10pm Apr 21, 2010 12:10pm
Quoting ogeid
Unfortunately they were not triggered it was more than 20 pairs.
I really do not understand it, first time happened.
I now save the profile in MT4 and see what it will be tomorrow
If your system crashes before you close your mt4, it won't save. If you want to avoid the problem, after doing any amount of work, close and reopen mt4 and it'll be saved.
  • #597
  • Apr 21, 2010 12:10pm Apr 21, 2010 12:10pm
Quoting lovejoy80
I've never had this happen to me and ant think what could cause it. From my experience MT4 is quiter unstable at times and if your MT4 gets shut down suddenly e.g. your computer crashes then thing slike this could get deleted. I've had my templates and prfile deleted randomly at times...always back them up now.
I agree MT4 is really unstable. I like it because it is user friendly but I do not like when I lose all my work and that happened a few times.

I think Tradestation is one of the best especially as far as charting is concerned. I used tradestation in the past and I think is great. It is the same that Mike and James are using, I believe with MB Trading.
  • #598
  • Apr 21, 2010 12:12pm Apr 21, 2010 12:12pm
Quoting ogeid
I agree MT4 is really unstable. I like it because it is user friendly but I do not like when I lose all my work and that happened a few times.

I think Tradestation is one of the best especially as far as charting is concerned. I used tradestation in the past and I think is great. It is the same that Mike and James are using, I believe with MB Trading.
I've never used tradestation...dont you have to pay for it?

I used to use purely Oanda and it's own charts...so MT4 was great compared to this
  • #599
  • Apr 21, 2010 12:21pm Apr 21, 2010 12:21pm
Probably going to curse my trades...but feeling good about my shorts...just need dow to oblige now and they'll drop like a stone.

We had price action with divergence and most pairs are at PPZ (and round nubmer in some cases) which is also near swing highs (particularly for AJ and AU) thus path of least resistance is down.

Gold had a breakout but AU still going down....hmmm could be a false breakout on gold then.

Added another UC long on retracement back to PPZ, Another EJ short @ round number.

Looking for 1.4500 on EUR/AUD as first target. AUD has more room to the downside than EUR in terms of major PPZ

Will update later.
  • #600
  • Apr 21, 2010 12:26pm Apr 21, 2010 12:26pm
Quoting lovejoy80
I've never used tradestation...dont you have to pay for it?

I used to use purely Oanda and it's own charts...so MT4 was great compared to this
I downloaded a few days ago from MB, it is one of their platform options. I do not think you have to pay for it.
If you never used it at the beginning it looks quite different but after a couple of days you ll be fine.

It was easy for me because I used it in the past. It is an historical platform for trading. It goes against Metastock from Reuters but much better.
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