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  • #4,341
  • Aug 26, 2010 8:59am Aug 26, 2010 8:59am
If find any solution PLEASE, advice and explain it to me, if I do first I shall inform you, but I think its not eassy.

Thanks





Quoting forexclover
James, thats also my problem.
This pair sometimes need big SL..
I even traded with 300-400 pips sl's..

Currently I am trying to understand the reversal points..
If we can identify the reversal points, we only need to use some 15-25 pips sl..
  • #4,342
  • Aug 26, 2010 9:02am Aug 26, 2010 9:02am
Buying at 1,273X could be good bussines?

SL 1,2650????.

Thanks.

James






Quoting Petar_Serbia
EURUSD is very close to line and if see break we can ride UP

Reason is we have my formation+Price above Gann.WE broke diagonal trendline we need to break second line wich can be resistance and i expext ride UP...Tomorow is Friday i will take small very small position if i see break...



This is chart :



Cheers




Petar
  • #4,343
  • Aug 26, 2010 9:03am Aug 26, 2010 9:03am
Quoting James Pier
If find any solution PLEASE, advice and explain it to me, if I do first I shall inform you, but I think its not eassy.

Thanks

I will tell you guys,

Every pair work wich price action...I trades so many pairs and i was profitable on almost all...ALl you need for start is to learn about price action trading you can find many books about that..Second part otf trading is to learn to use strict Momey menagement and third part is to cut emotion when you trading i will add fouth also that is PLAN,in ever moment you must have plan and to stick with that plan...This is my advice for you...


Cheers


Petar
"Buy on fear, sell on greed !!!
  • #4,344
  • Aug 26, 2010 9:16am Aug 26, 2010 9:16am
Quoting Petar_Serbia
I will tell you guys,

Every pair work wich price action...I trades so many pairs and i was profitable on almost all...ALl you need for start is to learn about price action trading you can find many books about that..Second part otf trading is to learn to use strict Momey menagement and third part is to cut emotion when you trading i will add fouth also that is PLAN,in ever moment you must have plan and to stick with that plan...This is my advice for you...

Cheers
Petar
Yes, Peter. 100% right..
Seems like a plan for me..
totutu
  • #4,345
  • Aug 26, 2010 9:18am Aug 26, 2010 9:18am
Quoting James Pier
If find any solution PLEASE, advice and explain it to me, if I do first I shall inform you, but I think its not eassy.

Thanks

Sometimes I get good entry point using higher timeframe and lower timeframe.
I check 4 hour for main trend, then looks into the 5 minute or 15 minute chart for an entry.. Sometimes it works..
totutu
  • #4,346
  • Aug 26, 2010 9:21am Aug 26, 2010 9:21am
Quoting James Pier
Buying at 1,273X could be good bussines?

SL 1,2650????.

Thanks.

James

Tehnicly yes but as i said i wont take trade this week becouse tomorow is Friday i expext chopy market and today, today is almost fihished now will london close..For me trading is over for this week
"Buy on fear, sell on greed !!!
  • #4,347
  • Aug 26, 2010 9:22am Aug 26, 2010 9:22am
Thats thyen same for me and I use from 5m to 4h but the SL kills me to much times.

James



Quoting forexclover
Sometimes I get good entry point using higher timeframe and lower timeframe.
I check 4 hour for main trend, then looks into the 5 minute or 15 minute chart for an entry.. Sometimes it works..
  • #4,348
  • Aug 26, 2010 9:23am Aug 26, 2010 9:23am
Ok, thanks Petar.

J.
  • #4,349
  • Aug 26, 2010 10:16am Aug 26, 2010 10:16am
108 double top?
Use me as a contrarian indicator
  • #4,350
  • Aug 26, 2010 11:02am Aug 26, 2010 11:02am
EJ 4H
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 32 KB
  • #4,351
  • Aug 26, 2010 11:17am Aug 26, 2010 11:17am
Quoting bshcom
EJ 4H
Sorry, but what are you trying to show? Support at 107.20?

Thanks,
Use me as a contrarian indicator
  • #4,352
  • Aug 26, 2010 12:42pm Aug 26, 2010 12:42pm
Gentleman, EUR/JPY is correlated very much with equity markets. Equity markets in US/Europe down => EUR/JPY down. Equity markets up - usually the pair is also up. Often, EUR/JPY movements indicate movements in equity markets beforehand.

If you have the possibility to draw intermarket charts, you will see the congruency - very obvious.

Now, that said, I have re-arranged Petarīs FIBO chart that he posted early in the morning.
http://a.imageshack.us/img823/4382/eurjpy8h.jpg
________________________________ Errare humanum est
  • #4,353
  • Aug 26, 2010 12:49pm Aug 26, 2010 12:49pm
And here is the FIBO that the market defends ( 107.33 ) :

http://a.imageshack.us/img828/2191/e...0820101947.jpg
________________________________ Errare humanum est
  • #4,354
  • Aug 26, 2010 12:54pm Aug 26, 2010 12:54pm
Looks like the Bulls are either running out of steam or else planning a stealth attack. Im flat for now.
  • #4,355
  • Aug 26, 2010 1:30pm Aug 26, 2010 1:30pm
Quoting Cod
Looks like the Bulls are either running out of steam or else planning a stealth attack. Im flat for now.
A bunch of economic data about Japan to be released at 23:30 GMT.
Use me as a contrarian indicator
  • #4,356
  • Aug 26, 2010 1:33pm Aug 26, 2010 1:33pm
Yes Cod, I think that the bulls stampeded and are not to be found for a bit.

This pair is having lower highs, and respecting a descending trendline.
It is currently at a support 107.34 and should make for a nice short with TP at the next support which is 107.07 and the last swing low.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 28 KB
  • #4,357
  • Aug 26, 2010 1:58pm Aug 26, 2010 1:58pm
Quoting Petar_Serbia
Heh yea but reason why we dont have many contributions is charts my friend,

Charts speak more than any word,i hate threads when we have more than 200,300,600 online on thread,that is totalz unusefull.Thread where posters post any seconds is totayz unusefull that is i want to have good traders wich will post simple chart will litle explanation and thats it.That is the best for thread...

For me charts are hard as I use fibs on 5/15 to see entrys and hard to post before entrys. I have no bias long/short just trade what I see.
  • #4,358
  • Aug 26, 2010 2:01pm Aug 26, 2010 2:01pm
I enjoy hearing peoples sentiments more myself. I have my own charts and really my charts mean more to me than someone else's. Maybe a few people like Scrat have charts I pour over but most of us are not talented enough charters for it to matter.
  • #4,359
  • Aug 26, 2010 2:21pm Aug 26, 2010 2:21pm
This is actually pretty simple it happens daily usually and good for a nice trade.The problem its after the fact charts just scroll back through as far as you want and put fibs up.You do have to understand PA a little. This trade was a new swing low pullback I prefer a 61 pull best but with other factor 50's are good here the EU was hitting a 61 fib at same time they correlate well.Its important to fib obvious swings if your spot your looking at is in question it will be to everyone else. The game here is patients let the trade come to you if it doesn't hit your mark let it go sl is over the 78 fib or swing top which usually has sl's under 30 pips unless the range has gotten crazy. Yes you will say it can't be this easy but just demo it and your win rate will be 80% or better. Make sure you have H1 and H4 fibs drawn as well it will kinda give you some direction. Best to trade fibs with trend. Hope this helps just my 2 cents.
Attached Image (click to enlarge)
Click to Enlarge Name: ej5.gif Size: 25 KB
  • #4,360
  • Aug 26, 2010 8:16pm Aug 26, 2010 8:16pm
Pretty much same chart and setup just later in the day. I was late on this trade a little.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 5m.gif Size: 16 KB
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