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EURUSD

  • #351,121
  • Dec 23, 2010 8:51am Dec 23, 2010 8:51am
Quoting paul1
Informed trades has loads of video tutorials free also on youtube .
Babypips.com for the basics .
thank you very much brother
and i wanna ask you something what's the best company i can trade with it ??
and how i can get the indexes ??
ty
  • #351,122
  • Dec 23, 2010 8:52am Dec 23, 2010 8:52am
Quoting Forexpro30
Excellent charts.
Thanks! . I try to keep it simple. No one will win all the time, so why make charts more complicated than they need to be.

I found over my many years (3+) that the more I add to my chart, to try and help me understand what the hell is going on, I often find that I end up more lost and confused.
  • #351,123
  • Dec 23, 2010 8:52am Dec 23, 2010 8:52am
we go to 3096 min w/o making a new low.. this could be a good place to look for a short.
those who can, do. those who cant, talk about those who can
  • #351,124
  • Dec 23, 2010 8:54am Dec 23, 2010 8:54am
Hello fellow traders.

This year's trading has been closed for me. Although I have a single position on a daily chart( up to 10 days validity) ( 1/3 remained) I will officially close my trading season for this year.

When i started trading, one of first advices I have been given by my mentor is to PRESERVE the profits and that includes staying OUT of the markets during bank holidays, fridays ,worldwide holidays, late december up to mid january.

Depending on market conditions I may be back before mid january. I will continue with giving and sharing my opinion of our preferred currency in due time.

I wish u all happy NEW YEAR , merry CHRISTMAS and many many pips

T
  • #351,125
  • Dec 23, 2010 8:57am Dec 23, 2010 8:57am
Quoting apt
Long EUR/USD.

SL @ 1.3050.

Going to bed, ciao.

A bit too early. It took the market all week to get to 3061 so expect some rangin here from 3055-3077. There are no solid signals to go long from here unless you are scalping for a few pips here and there. A long from 3061 would mean the market is ready to attack 3180 and I don't see that happening on a Thursday before Christmas.

The H4 is still nursing its TL that started a week and a half ago.

My play would have been to let price range here and form a significant TL on at least the M15/M30 to get a higher probability long setup.

It all depends on your risk and on how long you hold on to trades, if you are the trader that gets out after a few bars on the 5/15 you may be fine on a bounce here, if you are a trader that likes a better return for his effort you would sit and wait for a bit. I am not ruling out a test of 3031 before any longs have a change.

Just let it range and tell you what break she prefers. 3061 did not bounce like a wet cat of an electric fence, that is telling me she has more in her once NY comes to the party.
  • #351,126
  • Dec 23, 2010 8:58am Dec 23, 2010 8:58am
Merry Christmas,I hope to be learning more the next year!!!



Bones festes!!!
  • #351,127
  • Dec 23, 2010 9:03am Dec 23, 2010 9:03am
http://lusitanaehabilitas.blogspot.c...christmas.html

About China buying Portugal's public debt :
http://lusitanaehabilitas.blogspot.com/

About Euro, I have some USD bought at 1.3450 with my non-leveraged account.
To be closed 1/2 around 1.2750.
Beware strong moves for coming days, I continue to see more down moves.
  • #351,128
  • Dec 23, 2010 9:05am Dec 23, 2010 9:05am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting cloggie
A bit too early. It took the market all week to get to 3061 so expect some rangin here from 3055-3077. There are no solid signals to go long from here unless you are scalping for a few pips here and there. A long from 3061 would mean the market is ready to attack 3180 and I don't see that happening on a Thursday before Christmas.

The H4 is still nursing its TL that started a week and a half ago.

My play would have been to let price range here and form a significant TL on at least the M15/M30 to get a higher probability long setup.

It all...
Thanks for your thoughts cloggie.

Been a stressful two weeks for me. Seems I can't get many trades to go my way. I find decent entry points, but never know when to exit. Which leads to terrible entry points.

Going to leave my trade open, if I lose 10 pips so be it. Going to call it a week.

Much luck with your trades guys.
  • #351,129
  • Dec 23, 2010 9:05am Dec 23, 2010 9:05am
The question you have to ask your self ... is the reason that you went long still valid.

In forex if you guess 50% of the time you should be right.... but you better let the losers go and let the winner run.

Instead of guessing form a system .... practice practice and practice

Quoting Rijksen
Hello all,

im new to forex and new to forex facory. I started a demo account a few months ago. I've read the tho whole babypips guide and i'm feeling im ready to start. Last week I started my first life account with a 1000 euro deposit.

I'll be trading EUR/USD only to start with.

I went LONG at 3100 a few hours ago, price moved to 3078. The position is still open and price is back to 1300 fortunately. I know I should close now and wait till it's more clear wich direction price will go.

But i put a s/l at 2990 and t/p at 1310. Hope i will gain...
Blogging daily now at www.volume.zone
  • #351,130
  • Dec 23, 2010 9:05am Dec 23, 2010 9:05am
Quoting T@rantula
Hello fellow traders.

This year's trading has been closed for me. Although I have a single position on a daily chart( up to 10 days validity) ( 1/3 remained) I will officially close my trading season for this year.

When i started trading, one of first advices I have been given by my mentor is to PRESERVE the profits and that includes staying OUT of the markets during bank holidays, fridays ,worldwide holidays, late december up to mid january.

Depending on market conditions I may be back before mid january. I will continue with giving and...


Hello T@rantula,

I too wish you a merry Christmas, a happy New Year and many pips. But foremost I wish you to stay healthy. That is the most important thing we have.

I am keen on seeing you here back again.

Have an outstanding time,

Markus
  • #351,131
  • Dec 23, 2010 9:06am Dec 23, 2010 9:06am
Quoting big_pipin
Thanks! . I try to keep it simple. No one will win all the time, so why make charts more complicated than they need to be.

I found over my many years (3+) that the more I add to my chart, to try and help me understand what the hell is going on, I often find that I end up more lost and confused.
I work with two charts from two different sources. FXCM UK and Oanda and the rest I locate online. I mainly use a 1 minute and 5 minute chart. I use on top Bollinger Band, Expodential Moving Average and Parobolic Sar with Fractional Indicators.

Down below I use Moving Average Convergence Divergence, Relative Strength Indicator and Awesome Indicator from Oanda.

From time to time longer frame Charts as you produced are very useful.

If you post your charts here I can add some fundamental comments to explain why it is moving that way based on my following the money flow which is leading the charts you and most others use.

Happy Holidays and Good Trading in 2011
  • #351,132
  • Dec 23, 2010 9:10am Dec 23, 2010 9:10am
Quoting SkyzerFX
How are you?

What are you guys trading here? he-h, I'm loading on CHF short's.

Here is the Russian (Moscow) highway winter 10 min driving lesson..

Car, hyundai accent, but looks like Merc, when driver is good.

Have a fun, welcome to Russia..

http://www.youtube.com/watch?v=FmtcoDNZ08k
seen drivers like that go past me in Canada on winter roads. 2 miles later they are in the ditch car all mashed up ... I do not even bother to stop and help as they are lucky they did not kill someone in the prcess.

Looks like gold 1382 taken out hard today ... looking for 1350 in the new year
Blogging daily now at www.volume.zone
  • #351,133
  • Dec 23, 2010 9:10am Dec 23, 2010 9:10am
Quoting apt
Thanks for your thoughts cloggie.

Been a stressful two weeks for me. Seems I can't get many trades to go my way. I find decent entry points, but never know when to exit. Which leads to terrible entry points.

Going to leave my trade open, if I lose 10 pips so be it. Going to call it a week.

Much luck with your trades guys.
imo entries are a little difficult but exit is simple...once i get in and in profit that is all that matters. short get out at support and long resistance or you want to make just 20 pips just saying...that is fine too
set it and watch it

good luck
  • #351,134
  • Dec 23, 2010 9:12am Dec 23, 2010 9:12am
Ah reading alot of you folk are going long. I will now be going short at the top of the range!! as 3075 I am short. Target tp 2975
Know when to hold em, Know when to fold em!
  • #351,135
  • Dec 23, 2010 9:13am Dec 23, 2010 9:13am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Pipwanderer
imo entries are a little difficult but exit is simple...once i get in and in profit that is all that matters. short get out at support and long resistance or you want to make just 20 pips just saying...that is fine too
set it and watch it

good luck
It's not that easy for me Pip...

For example yesterday I got in early on a long, set my TP @ 1.3188 right under the day before's top, and a easily acceptable exit point considering the Pivot and Fib line.

It only hit 1.3180 and it dropped down, I'd figure it would range. It didn't, I lost on it.

Today, Ok I realize I completely ignored the fact that 1.3180 was a 61.8% fib line, can't believe it.

I get in on a long, it gets past 1.3150, which is a fib line, I figure it will easily test 1.3180, so I set my TP @ 1.3178. Spikes 40 pips the other way, I figure it might be a fake out - it isn't. I lose again.

So are you saying I should just be happy with 20 pips, and exit the trade?
  • #351,136
  • Dec 23, 2010 9:14am Dec 23, 2010 9:14am
Quoting apt
Thanks for your thoughts cloggie.

Been a stressful two weeks for me. Seems I can't get many trades to go my way. I find decent entry points, but never know when to exit. Which leads to terrible entry points.

Going to leave my trade open, if I lose 10 pips so be it. Going to call it a week.

Much luck with your trades guys.

A trade here is a short term trade in anticipation of a range breakout and a solid refusal of a major support that the market has been shooting for all week. IF you are going to trade anything a long would be the right one to take here, however I would have let it settle first into a range and trade the breakout to get the averages working in my favor. I don't like to trade anticipated breaks and anticipated holding of major supports that have been a target for almost 2 weeks.

I trade the fat part of a move, let it give you a solid confirmed direction and then trade the momentum part of a 60-100 pip run and don't worry about picking the exact tops and bottoms. Taking a trade here at this level after a pretty solid, albeit slow steady drop of 100 pips that took 8 hours to form, means it is a chancer.

This time of year the rules are the same as always with one major difference, the speed or momentum of the fat parts, they take hours to play out.

Looking at the ADR over the last 3 days, we are only out by 10 pips, over the last 10 we are out by 50, so this could still go either way.

Like I said earlier I am anticipating a range from 3055-3077 and any trade would need to break that solidly, just hang tight, let the market show you what she wants and ride the fat part. Focusing on that will avoid the spikes and fake break outs and you will just trade the moves that are sustained, lots better for your stress levels and your r/r. Unless you are content with 10-20 pip trades, then it is just a crap shoot.
  • #351,137
  • Dec 23, 2010 9:17am Dec 23, 2010 9:17am
Doji on H1. Reversal potential.
  • #351,138
  • Dec 23, 2010 9:17am Dec 23, 2010 9:17am
Quoting apt

So are you saying I should just be happy with 20 pips, and exit the trade?
Realistically speaking, finding 20 pip trades is a lot easier than finding trades that leak into the hundreds.

I have been watching your goal page and have seriously been rooting for you. Everybody loves a success story.

Gains are gains, and if you can consistently find them 20 pip trades, the recipe to your goal might just be to continue this strategy and increase your lot size.

Knowing the end point never changes on your journey, your path can easily deviate....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #351,139
  • Dec 23, 2010 9:18am Dec 23, 2010 9:18am
Quoting PhAnTi'
u as well hatchy !
see you january,

im out for ski holidays

Super ... wünsche Dir 'ne geile Zeit ...

Mein Tip ... try this area ... völlig Proletenfrei ... never overcrowded there ...


Inserted Video



From fairest creatures we desire increase,
That thereby beauty's rose might never die,
But as the riper should by time decease,
His tender heir might bear his memory:
But thou contracted to thine own bright eyes,
Feed'st thy light's flame with self-substantial fuel,
Making a famine where abundance lies,
Thy self thy foe, to thy sweet self too cruel:
Thou that art now the world's fresh ornament,
And only herald to the gaudy spring,
Within thine own bud buriest thy content,
And, tender churl, mak'st waste in niggarding:
Pity the world, or else this glutton be,
To eat the world's due, by the grave and thee.

Nicht etwa Segantini, auch nicht Nietzsche ... nein ... aber Shakespear ... haben aber alle drei mit der Gegend was zu tun ...

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #351,140
  • Dec 23, 2010 9:19am Dec 23, 2010 9:19am
Quoting apt
It's not that easy for me Pip...

For example yesterday I got in early on a long, set my TP @ 1.3188 right under the day before's top, and a easily acceptable exit point considering the Pivot and Fib line.

It only hit 1.3180 and it dropped down, I'd figure it would range. It didn't, I lost on it.

Today, Ok I realize I completely ignored the fact that 1.3180 was a 61.8% fib line, can't believe it.

I get in on a long, it gets past 1.3150, which is a fib line, I figure it will easily test 1.3180, so I set my TP @ 1.3178. Spikes 40 pips...
no if that is what you want to make and increase you lot size..that is fine...i manage my trades. by watching price action candlesticks with some volume besides i have my targets too. there are set times you take a nice momentum 6 hour trades for 80 pips at least..just have to wait for it trading before london is just not my style. after london great

pm i will give you a link to something
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