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  • #313,341
  • Oct 25, 2010 11:41am Oct 25, 2010 11:41am
Quoting chadandsand
yup. i just closed my short too. i will take my 22 pips and wait for the next move.
Cheers closed my long +9 pips

+60 for the day, I have recovered almost half my loss from my short on friday.
Know when to hold em, Know when to fold em!
  • #313,342
  • Oct 25, 2010 11:44am Oct 25, 2010 11:44am
Quoting vinesh2
Monday and Tuesdays are worst days to trade. Take a hike and read up on some material
monday and tuesday are worst days to trade .and the friday seems bad to trade, too.so which day is the best day to trade? . lol. so ,i think just trade the good chance .no matter which day it is .
A chart helps those who can read it.
  • #313,343
  • Oct 25, 2010 11:44am Oct 25, 2010 11:44am
Hi All
Just back from my work
Seems like it's been interesting day and i think it will b more interesting next few days
  • #313,344
  • Oct 25, 2010 11:46am Oct 25, 2010 11:46am
Quoting wormboy
i booked my profit yuan. flat atm, previous day hi barriers short. look for longs when it pops back above 4035.

later. good luck
is it possible pops back zbove 4035??? or maybe it will go short 1.39 straight. i do not know .
A chart helps those who can read it.
  • #313,345
  • Oct 25, 2010 11:48am Oct 25, 2010 11:48am
how are the volumes at this time of day ?
  • #313,346
  • Oct 25, 2010 11:48am Oct 25, 2010 11:48am
Quoting geniusztc
i do not know .
me neither. that's the reason i'm flat atm
Thank You
  • #313,347
  • Oct 25, 2010 11:50am Oct 25, 2010 11:50am
My 60min/15min and 1min all point lower. I think 3991/93 looks like resistance; still think 3944/46 has a chance of being tested...
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Look Sharp/Trade Tight
  • #313,348
  • Oct 25, 2010 11:51am Oct 25, 2010 11:51am
Quoting Leche Mocha
Seems like it. Dollar coming off bottom. Oil and Gold selling off. I guess the big boys used the Tokyo session to run some stops above 1.400 like I thought would happen with everyone and their dog bragging about being short over the G20 weekend and all. Now maybe the downleg begins...
It not ime yet. EURUSD have not shown usual signs of top, to much bull strenght left. The top today was 10 hours ago and we're only still 100 pips from the top. It has been a choppy downmove, not a sign of selloff.. I'm not really bull but accept the fact that we will most probably go higher, but not much higher
  • #313,349
  • Oct 25, 2010 11:52am Oct 25, 2010 11:52am
Quoting DrLobo
how are the volumes at this time of day ?

generally speaking, bad......unless there is something to drive ny traders to push more. Best time to trade is 5a-11a est.
  • #313,350
  • Oct 25, 2010 11:54am Oct 25, 2010 11:54am
equities really looking toppy on weekly and daily
  • #313,351
  • Oct 25, 2010 11:54am Oct 25, 2010 11:54am
now i am stuck in a stupid long trade PA sucks

Quoting mfoste1
generally speaking, bad......unless there is something to drive ny traders to push more. Best time to trade is 5a-11a est.
  • #313,352
  • Oct 25, 2010 11:54am Oct 25, 2010 11:54am
alright, nap time.
cu in asia, though i suspect it will be a considerably calm session.

edit: right now, the first short i took last night went into profit.
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  • #313,353
  • Oct 25, 2010 11:56am Oct 25, 2010 11:56am
Quoting DrLobo
now i am stuck in a stupid long trade PA sucks

yea i usually only enter or exit trades on my system in 5a or 11a 6h bar.....if you look at some of my charts ive posted you will see that those two bars are where 98% of the big moves (>100 pips) will start......

I was going to start a thread with my system, but unfortunately i cannot now due to a conflict of interest. Ill keep posting charts here so if people can figure it out then they can figure it out . But its not that easy, it has taken me a few months to perfect it. If one doesnt know how to read the system they will have losers. Ive done a bit of back testing on it the past two weeks and its almost producing 9:1 w/l ratio from the data that has been tested. So far it has proven successful in all sorts of market conditions.

Its only for very patient traders since it only works on 6h tf. A trader may only get 2-3 trades per week, however they are more than often big winners. I would really like to automate it, but it will take a very talented programmer to do so. So if I can make some cash, I will hire someone.
  • #313,354
  • Oct 25, 2010 12:01pm Oct 25, 2010 12:01pm
interesting ... what do you mean by 5a and 11a ? (is that 5AM GMT and 11AM GMT ???)


Quoting mfoste1
yea i usually only enter or exit trades on my system in 5a or 11a 6h bar.....if you look at some of my charts ive posted you will see that those two bars are where 98% of the big moves (>100 pips) will start......
  • #313,355
  • Oct 25, 2010 12:02pm Oct 25, 2010 12:02pm
another 30 pips, and the asian session is completely obsolete.
  • #313,356
  • Oct 25, 2010 12:03pm Oct 25, 2010 12:03pm
Let the dollar go for it, please.
  • #313,357
  • Oct 25, 2010 12:10pm Oct 25, 2010 12:10pm
Quoting DrLobo
interesting ... what do you mean by 5a and 11a ? (is that 5AM GMT and 11AM GMT ???)

5a and 11a bars est(ny) the nylon overlap.......
  • #313,358
  • Oct 25, 2010 12:15pm Oct 25, 2010 12:15pm
i was predicting it was going to continue going down but decided to take my profits and sit back and watch...

my indicators still show downtrend to continue but we will see.
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Rise and rise again until the Lambs become LIONS!!!
  • #313,359
  • Oct 25, 2010 12:22pm Oct 25, 2010 12:22pm
We should touch 393x
  • #313,360
  • Oct 25, 2010 12:24pm Oct 25, 2010 12:24pm
Quoting chadandsand
i was predicting it was going to continue going down but decided to take my profits and sit back and watch...

my indicators still show downtrend to continue but we will see.
Took another long at 1.3964 10 min ago now have a be sl on it. 1h/4h TL Respect.

Seems that price was all built in prior to news. Home sales news seem to have faded, and momentum has continued to halt.
Know when to hold em, Know when to fold em!
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