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  • #4,261
  • Aug 19, 2010 2:16pm Aug 19, 2010 2:16pm
I believe its headed to 108.5 im with Petar on that. i just went to my account summary to back test myself opened mini account on 8-1-2010 31 trades, 21 winning 10 losses. Not to bad for a Newbie in transition to becomming a pro! Not bragging just after 2 years of demos and 2 "busted accounts" good to see progress! only month 1 got a long way to go, good pips to you guys!!!!!!!
"Pippin aint easy"
  • #4,262
  • Aug 19, 2010 5:44pm Aug 19, 2010 5:44pm
Quoting Fxmastersclb
Quote:
Originally Posted by forexclover http://cdn.forexfactory.com/images/buttons/viewpost.gif
Whats the point? No help for us..
Post a chart, post your analysis, give guidance..



Like I said... Who cares...
I use to post my trades, but if you're trading off what's being posted... I feel 4U.

I will share with u this time a pdf of trades, and it may be after the fact but more importantly it's in my account. You may see that...

No sl,scalping,some martingale trades. Also your RR isn't very good if you take a 20-40 pip DD only to scalp from 5-10 pips. I'm glad your on a roll but I can set no sl and scalp 5-10 pips at a time and claim 95% winners. The key is 10 winners with 10 pips will be equalized by 1 looser for 100sl. I have seen alot of professional traders they all carry stops period. Hope you keep up the run with the winners good trading to you
  • #4,263
  • Aug 19, 2010 7:46pm Aug 19, 2010 7:46pm
Quoting turboguru
No sl,scalping,some martingale trades. Also your RR isn't very good if you take a 20-40 pip DD only to scalp from 5-10 pips. I'm glad your on a roll but I can set no sl and scalp 5-10 pips at a time and claim 95% winners. The key is 10 winners with 10 pips will be equalized by 1 looser for 100sl. I have seen alot of professional traders they all carry stops period. Hope you keep up the run with the winners good trading to you
What Key???? The key is to put food on the table. and if I can manage to do that with 2 pips Im ahead of the game. If you can hit 5 - 10 and claim 95%, you should try it, your account at the end of the month will be crazy. Thanks for all the feed back, and remember do what works for you.
Make money or go broke... its the Forex way.
  • #4,264
  • Aug 19, 2010 8:03pm Aug 19, 2010 8:03pm
Quoting tongkatali
hi, just newbie..

EJ still down trend..possible to 108.8++ next week..

-trade what u see, not u feel-


Quoting Buitragojl
I believe its headed to 108.5 im with Petar on that. i just went to my account summary to back test myself opened mini account on 8-1-2010 31 trades, 21 winning 10 losses. Not to bad for a Newbie in transition to becomming a pro! Not bragging just after 2 years of demos and 2 "busted accounts" good to see progress! only month 1 got a long way to go, good pips to you guys!!!!!!!




hi all,
opinion from newbie..
be ready whenever EJ reach 108.8 - 108.5 zone, the trend will be chance to up trend.


- trade what u see, not u feel -
  • #4,265
  • Aug 19, 2010 9:12pm Aug 19, 2010 9:12pm
Quoting Fxmastersclb
What Key???? The key is to put food on the table. and if I can manage to do that with 2 pips Im ahead of the game. If you can hit 5 - 10 and claim 95%, you should try it, your account at the end of the month will be crazy. Thanks for all the feed back, and remember do what works for you.

All depends on sl you can have a 95% hit rate and still be net negative.
  • #4,266
  • Aug 19, 2010 9:41pm Aug 19, 2010 9:41pm
Hey guys....this debate gets us nowhere...they guy who makes consistent profits wins, period....and there are many many ways to get to that point.

Now let's get back to some trading ideas.

I need to zoom out to daily to get some perspective on EJ at the moment. No trades here for me in the past week....but watching for a downside break.

Cheers
CanuckCT

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  • #4,267
  • Aug 19, 2010 10:06pm Aug 19, 2010 10:06pm
Quoting tongkatali
hi all,
opinion from newbie..
be ready whenever EJ reach 108.8 - 108.5 zone, the trend will be chance to up trend.


- trade what u see, not u feel -
Heres a E/U chart 4hr I use pretty naked charts theres 4 pin bar rejections and the MACD cross. In E/J i agree with what Canucks chart shows i just have a TP at 108.5 to be on the safer side and watch things out because its in a huge consolidation right now. . so good MM ! and Green Pips Everyone !
"Pippin aint easy"
  • #4,268
  • Aug 19, 2010 10:57pm Aug 19, 2010 10:57pm
Quoting witsnpips
apparently eur/usd is due for a sell soon - how will this affect e.j do u guys think?
Dont believe that correlation thing..
Mostly EJ follows UJ..
I got burned when I was selling EJ. EU also was going down.. For my surprize, UJ shoot up and EJ also went high...
So my assumption is, when EU goes down, UJ goes up and EJ also goes up many times..
totutu
  • #4,269
  • Aug 19, 2010 11:01pm Aug 19, 2010 11:01pm
I am selling from 109.50, SL 109.71 (21 pips).. TP mostly 108.50 area.. or may close any time..
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totutu
  • #4,270
  • Aug 20, 2010 12:33am Aug 20, 2010 12:33am
Quoting forexclover
Dont believe that correlation thing..
Mostly EJ follows UJ..
I got burned when I was selling EJ. EU also was going down.. For my surprize, UJ shoot up and EJ also went high...
So my assumption is, when EU goes down, UJ goes up and EJ also goes up many times..
Hmm not sure i agree with you on this one Forexclover..if you pull you chart your will see Eur/jpy follow Eur/$ most of the time,not always but most of the time but i also stand to be corrected..i would like to know what someone else think about this.
  • #4,271
  • Aug 20, 2010 3:09am Aug 20, 2010 3:09am
Quoting stunna29
Hmm not sure i agree with you on this one Forexclover..if you pull you chart your will see Eur/jpy follow Eur/$ most of the time,not always but most of the time but i also stand to be corrected..i would like to know what someone else think about this.
I tried many pairs and got burned on many.. EJ is good for me, thats why I am sticking with EJ. Yersterday when my EJ trades was on a loss I done a GU trade for 25 pips to cover losses..

The thing is, I do not follow other pairs, so I am not sure about the correlation thing. But from my experience EJ mostly follows UJ. Somewhere on this thread I told about my UJ/EJ correlation.

I was selling EJ.. News released... Till news release, EJ was following EU.. The news was bad for Euro.. So I was relaxed to get some good pips on EJ.. To my surprize, EU went down, UJ went up and EJ also went up.. The last high on Daily chart.. 134.00 something..

From that point, I changed my correlation thingy with EU/EJ..
I know the thing is EU and GU have good correlation.. but dont know about EU and EJ correlation..
totutu
  • #4,272
  • Aug 20, 2010 3:48am Aug 20, 2010 3:48am
Reversal may be.. short closed and have a long now.
totutu
  • #4,273
  • Edited 4:14am Aug 20, 2010 4:03am | Edited 4:14am
Quoting forexclover
Reversal may be.. short closed and have a long now.

Gl - nice if you rode it on the way down, ... although I fancy gravity taking over once more. Im thinking 105.98-106.85 before the day is out.


Edit: 105.98-106.85 seems rather extreme....
  • #4,274
  • Aug 20, 2010 4:59am Aug 20, 2010 4:59am
Quoting Warwick
Gl - nice if you rode it on the way down, ... although I fancy gravity taking over once more. Im thinking 105.98-106.85 before the day is out.
Edit: 105.98-106.85 seems rather extreme....
Running on loss now.. May be it will go to 108.00 areas...
totutu
  • #4,275
  • Aug 20, 2010 6:20am Aug 20, 2010 6:20am
Quoting turboguru
All depends on sl you can have a 95% hit rate and still be net negative.
True for someone else, but my marginal success has me all the way to the bank.

I see Forex as a formidable concept and the road to the money is an extremely ambiguous step. The key is finding what works for you; we’re all looking at the same information, we're merely interpreting it differently. This tree called Forex has many branches and even more leaves. Some people just look at tree; others climb the tree and fall off; some make it to a supporting branch; and others make it to the top. Once you're in the tree you have to find the leaf that's just right for you and they are all different; but lets keep in mind that they all came from the same tree. So, if you have a leaf and it's the right one for you, hold on to it; and no matter how much people talk about how different your leaf is or looks, hold on to it.

Happy trading my friend!
Make money or go broke... its the Forex way.
  • #4,276
  • Aug 20, 2010 6:25am Aug 20, 2010 6:25am
Hey Petar..what is this indicator I see you using on the right side of your MT4 window?? How can I get this? example51
  • #4,277
  • Aug 20, 2010 6:33am Aug 20, 2010 6:33am
Quoting aponte219
Hey Petar..what is this indicator I see you using on the right side of your MT4 window?? How can I get this? example51
Morning guys,

I see price went down to 108.50 good ,how your trading ?


Wich one aponte ?

"Buy on fear, sell on greed !!!
  • #4,278
  • Aug 20, 2010 6:43am Aug 20, 2010 6:43am
hi Petar! thanks for your post it has really helped me i made close to 700 pips in the last two months on your analysis thanks
  • #4,279
  • Aug 20, 2010 6:52am Aug 20, 2010 6:52am
Quoting Popularhelen
hi Petar! thanks for your post it has really helped me i made close to 700 pips in the last two months on your analysis thanks
Huh my friend i am glad i colud help !


We are here to earn pips and i am happy when the others are happy




Cheers


Petar
"Buy on fear, sell on greed !!!
  • #4,280
  • Aug 20, 2010 6:53am Aug 20, 2010 6:53am
Quoting Popularhelen
hi Petar! thanks for your post it has really helped me i made close to 700 pips in the last two months on your analysis thanks
pip pip haray!
Make money or go broke... its the Forex way.
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