- #344,082
- Dec 10, 2010 7:14pm Dec 10, 2010 7:14pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
i withdrew most of my money out of my accounts today so that i cant trade this bs pa. I learned my lesson in aug-sept that trading during choppy pa is risky and extremely difficult to ride a trend when there is none. Markets are very thin, patterns are screwed up, ive been noticing higher than normal spreads as well. Leaving money in my account is too tempting to trade it, so i just took it out that way it is impossible for me to loose. I cant trade this type of pa, some ppl can but i cant.
From wed til close today i had 8 losers(10%) It wasnt...
Doing what you like is Freedom. Liking what you do is Happiness.
- #344,083
- Dec 10, 2010 7:17pm Dec 10, 2010 7:17pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
- #344,084
- Dec 10, 2010 7:39pm Dec 10, 2010 7:39pm
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #344,085
- Dec 10, 2010 8:05pm Dec 10, 2010 8:05pm
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #344,087
- Dec 10, 2010 8:26pm Dec 10, 2010 8:26pm
- | Joined Dec 2010 | Status: Trader | 1,581 Posts
After i noticed that i made a print screen at Dec.04 the second today.
Its a 4H TF. Usually i trade in 1-15 min time frames, but that was a must.
And very educational. Followed it the whole week.
Trading stocks few years, now switching to Forex, and this week proved me i had done the right decision.
Was a interesting week. Nothing better than a Fibonacci and a trend line that fits.
It seems the 4H TF becomes my favourite TF for the bigger view..
Last week
Today
Its a 4H TF. Usually i trade in 1-15 min time frames, but that was a must.
And very educational. Followed it the whole week.
Trading stocks few years, now switching to Forex, and this week proved me i had done the right decision.
Was a interesting week. Nothing better than a Fibonacci and a trend line that fits.
It seems the 4H TF becomes my favourite TF for the bigger view..
Last week
Today
How to opt out annoying user signatures ??
- #344,091
- Edited 7:03am Dec 11, 2010 3:53am | Edited 7:03am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #344,092
- Edited 7:54am Dec 11, 2010 7:44am | Edited 7:54am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
My name is Shane,
I am a junior member,
I give my respects to FF - by far the best site on net for FX!!
I have been following FX for 2-3 yrs. I am not a super trader.
I use 5 minute charts and approx 10 pip profit/ 9 pip loss. No indicators. Price action only. Basic. Patient.
I would like to open my trades to others re mainly EUR/USD. I follow a very simple strategy. I aim for 1 more winner a week than loser. I set stop loss at approx 1.5% of capital.
Every trade I take will be posted in real time. Let's see what happens.......
I'm not a real big fan of live trade posts. The reason is simple, if your successful others will want to take the same trades. The problem with that is FF is not real time, and anyone (noobs, lurkers) trying to catch a move on a five minute chart will be left holding a bad entry.
Its much better to layout your game plan and then show the results.
A for instance...............
I'm not saying this is your plan or should be (and the pivots will look different on open)..............
"The trend is down so I'm shorting at pivot, R1, and 76% fib, using five minute candle patterns as conformation"
This way you'll show what your intending to do, and you can just trade. At the end of the day you can post your trades and how they worked out. If some "noob" likes your results they can adopt your trading plan.
- #344,095
- Dec 11, 2010 11:19am Dec 11, 2010 11:19am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Here's my take for next week. Take a look at the chart below. We are currently in an up move:
- the last candle is aqua(means up in my world, lol)
- the yellow line in the second panel and the red line in the third one point up.
This up move can continue for a little while or it can reverse Sunday or Monday.
The overall trend is still down however (the aqua line in the third panel will have to bottom before any significant move back up).
Also, very important. The price hit the two channels (aqua and red) up there around 3420. The lower of these two channels intersect around 3100. Guess where the bottom of this move will be? I would say 3100...
GL
- the last candle is aqua(means up in my world, lol)
- the yellow line in the second panel and the red line in the third one point up.
This up move can continue for a little while or it can reverse Sunday or Monday.
The overall trend is still down however (the aqua line in the third panel will have to bottom before any significant move back up).
Also, very important. The price hit the two channels (aqua and red) up there around 3420. The lower of these two channels intersect around 3100. Guess where the bottom of this move will be? I would say 3100...
GL
- #344,096
- Dec 11, 2010 11:39am Dec 11, 2010 11:39am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Here's my take for next week. Take a look at the chart below. We are currently in an up move:
- the last candle is aqua(means up in my world, lol)
- the yellow line in the second panel and the red line in the third one point up.
This up move can continue for a little while or it can reverse Sunday or Monday.
The overall trend is still down however (the aqua line in the third panel will have to bottom before any significant move back up).
Also, very important. The price hit the two channels (aqua and red) up there around 3420. The lower...
let's take another point of view of possible EU action on monday-tuesday (forecast of more than 2 days is just scarry in my opinion).
as we see, the top Trendline got tested 5 times and still holds.We won't see any uptrend before this TL isn't be broken.
the key is 1.3180 - 1.3185 lvl, when PA kills it we'll see a drop to 3100.
monday/tuesday of course.
time will tell.
have a nice weekend !
Hero calls followed by margin calls...
- #344,097
- Dec 11, 2010 11:44am Dec 11, 2010 11:44am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #344,099
- Dec 11, 2010 12:12pm Dec 11, 2010 12:12pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
kinda what i'm saying, isn't it?
Hero calls followed by margin calls...
