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Trading for a living. Are we forex-ready?

  • #21
  • Oct 23, 2010 3:58pm Oct 23, 2010 3:58pm
Thank You guys for a nice evening. I have to go to sleep, tomorrow is Sunday so I spend the whole day with the family.
Have a great Sunday and see You at the battle field on monday

Peter
Jesus Christ is my only Lord !
  • #22
  • Oct 25, 2010 12:53am Oct 25, 2010 12:53am
And we are opening a new week, what it will bring to us ?

I have to add that we will be trading 2% risk. To establish the needed size of our position we use the position size calculator.

Have a great week everyone!


Peter
Jesus Christ is my only Lord !
  • #23
  • Oct 25, 2010 2:49am Oct 25, 2010 2:49am
And one more important thing - we are trading only: eur/usd, gbp/usd, usd/jpy, usd/cad, usd/chf, aud/usd, nzd/usd.

Peter
Jesus Christ is my only Lord !
  • #24
  • Oct 25, 2010 7:39am Oct 25, 2010 7:39am
We are watching two pairs at the moment nzd/usd for short and usd/cad for long.

Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad 25.10.2010.gif Size: 14 KB
Click to Enlarge Name: nzdusd 25.10.2010.gif Size: 16 KB
Jesus Christ is my only Lord !
  • #25
  • Oct 25, 2010 7:58am Oct 25, 2010 7:58am
Ucd/cad is after a weekly pin going back to the upper box that is why we are looking for a possibilty of h4 long entrance...


Peter
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 25.10.2010 base 1w.gif Size: 19 KB
Jesus Christ is my only Lord !
  • #26
  • Oct 25, 2010 8:00am Oct 25, 2010 8:00am
a better chart _ I hope

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 25.10.2010 base 1w.gif Size: 23 KB
Jesus Christ is my only Lord !
  • #27
  • Oct 25, 2010 8:07am Oct 25, 2010 8:07am
Ready for the first trade:

Buy limit usd/cad 1,0174 SL1,0159 TP 1,0238


Peter
Jesus Christ is my only Lord !
  • #28
  • Oct 25, 2010 8:10am Oct 25, 2010 8:10am
Quoting hipcio
Ready for the first trade:

Buy limit usd/cad 1,0174 SL1,0159 TP 1,0238


Peter
Buy limit usd/cad 1,0178 SL1,0159 TP 1,0238

made a mistake four pips too low


Peter
Jesus Christ is my only Lord !
  • #29
  • Oct 25, 2010 8:12am Oct 25, 2010 8:12am
Quoting hipcio
As far as I know the minimum salery is $6000 per year and average about 14-15 thousand usd a year.

Peter
Lol, bet that's more than what people earn here.
  • #30
  • Oct 25, 2010 8:14am Oct 25, 2010 8:14am
Quoting Jcpfx
Yes, I hear you. I seem to go into self-destruction mode with small live accounts. Maybe due to the frustration and greed of trying to grow the small account faster than I am able too.
haha, happens to most.
  • #31
  • Oct 25, 2010 8:27am Oct 25, 2010 8:27am
Quoting fxvoilaaa
Lol, bet that's more than what people earn here.
Hi,

here You mean forex or ... where ?

Peter
Jesus Christ is my only Lord !
  • #32
  • Oct 25, 2010 9:38am Oct 25, 2010 9:38am
Quoting hipcio
Buy limit usd/cad 1,0178 SL1,0159 TP 1,0238

made a mistake four pips too low


Peter
hard battle

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 25.10.2010 base 2.gif Size: 18 KB
Jesus Christ is my only Lord !
  • #33
  • Oct 25, 2010 11:21am Oct 25, 2010 11:21am
Quoting hipcio
Buy limit usd/cad 1,0178 SL1,0159 TP 1,0238

made a mistake four pips too low


Peter

Not so quickly, but anyway we do not touch it

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: x.gif Size: 29 KB
Jesus Christ is my only Lord !
  • #34
  • Oct 26, 2010 12:32am Oct 26, 2010 12:32am
Hey,
new day has started - good trading everyone!

usd/cad still fighting, watching eeur/usd


Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.gif Size: 15 KB
Click to Enlarge Name: xx.gif Size: 17 KB
Jesus Christ is my only Lord !
  • #35
  • Oct 26, 2010 12:45am Oct 26, 2010 12:45am
Quoting hipcio
Hey,
new day has started - good trading everyone!
Looks like your day begins just as mine ends, I'm off to sleep. Good luck and good trading!

JCP
  • #36
  • Oct 26, 2010 12:49am Oct 26, 2010 12:49am
Quoting Jcpfx
Looks like your day begins just as mine ends, I'm off to sleep. Good luck and good trading!

JCP
Yes mate, have a good sleep

Peter
Jesus Christ is my only Lord !
  • #37
  • Oct 26, 2010 1:59am Oct 26, 2010 1:59am
Quoting hipcio
Hey,
new day has started - good trading everyone!

usd/cad still fighting, watching eeur/usd


Peter
We decided to not to take eur/usd 4hr pin

Peter
Jesus Christ is my only Lord !
  • #38
  • Oct 26, 2010 2:21am Oct 26, 2010 2:21am
Quoting hipcio
We decided to not to take eur/usd 4hr pin

Peter
Why so?
on a chart below it looks like a pin pointing to parhaps only, confirm the break down of the TL, and mostly because it is against a pin on daily.

Peter
Jesus Christ is my only Lord !
  • #39
  • Oct 26, 2010 2:58am Oct 26, 2010 2:58am
Quoting hipcio
Hey,
new day has started - good trading everyone!

usd/cad still fighting, watching eeur/usd


Peter

usd/cad move SL to neerly BE (+3)

cool the first trade is not lost that is good for us psychologicaly,

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 25.10.2010 base 3.gif Size: 21 KB
Jesus Christ is my only Lord !
  • #40
  • Oct 26, 2010 3:58am Oct 26, 2010 3:58am
If we were not in the long position already, Iwould love this entrance here on 15 min chart shown below.
Why?
Because of quite nice confluance
Pa- pin
fibo - 61%
confirming TL
breaking up the box and confirming upper side
a flag supported by sma 50

not enough ?

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 25.10.2010 base 4.gif Size: 23 KB
Jesus Christ is my only Lord !
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