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  • #353,981
  • Dec 29, 2010 1:51pm Dec 29, 2010 1:51pm
ok let's try to ask this again.

does anybody have any idea as to WHY this little move/breakout happend?
  • #353,982
  • Dec 29, 2010 1:52pm Dec 29, 2010 1:52pm
Quoting wannaberich
i was thinking that it might be better to just put on a trade and leave it, not messing around with it on the way. if it turns bad on u than u have sl for that!

here is a list of my current doubts LOL:

- put a trade and forget or manage it
- tight sl (less that 20 pips) or larger sl (30-50)
- small targets (20 pips) or let run (50-100-150)
- 15m or 1h
- pick reversals (with smaller sl) or breakouts (bigger sl)
- breakouts: pending orders or monitor the market, watch for closes and enter after the close above/below S/R
- why Big G has nipples?...
Wow..thats pretty confusing. I am getting the feeling that you do not have your own style of trading yet. Is that correct?
  • #353,983
  • Dec 29, 2010 1:54pm Dec 29, 2010 1:54pm
but am looking for one!

Quoting PipChick
Wow..thats pretty confusing. I am getting the feeling that you do not have your own style of trading yet. Is that correct?
dreams do come true.
  • #353,984
  • Dec 29, 2010 1:56pm Dec 29, 2010 1:56pm
Quoting Hda
TONYO:

1.2500 I havent gotten that far as yet in my analysis. I will have to wait and see how the second week in January plays out.

One sec, let me look at my daily chart.
TONYO:

I see how you came up with 1.2500 - however I will have to wait until THURDAY 12midnight when the new day starts on my platform to confirm a lower high on the EUR/USD daily.

If that lower High is confirmed then one can expect futher retracement.

On the daily chart, the most recent candle is a test of the ENGULFING BEARISH CANDLE beside it. If the bulls fail the test then we can look to see a further decline.

In terms of time, I have just stated, hours to wait and days to wait, just for confirmation. Hence NO EMOTION.

But to trade such large time frames (Daily that is) your account has to be significant to tolerate such risk. I cant trade a daily with my account size but I can trade a 3 hour with an entry on a 30 min.
  • #353,985
  • Dec 29, 2010 1:56pm Dec 29, 2010 1:56pm
Quoting gatorinla
i got a love hate thing for 50% #s,,,, flag or rejection?.. -50% 30m usdx
Cant really tell on the m30 id its a flag or rejection but the m15 and m5 look like a flag.Needs a little more time.
  • #353,986
  • Dec 29, 2010 1:57pm Dec 29, 2010 1:57pm
pa now , wasting time .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 6 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #353,987
  • Dec 29, 2010 1:58pm Dec 29, 2010 1:58pm
Quoting mercy seat
Partial unwinding at 06 ... rest may travel ... will re-load again in case of pullbacks or fly higher ... in order to be able to adjust the casual BE levels in any situations ...

Therefore ... we never use stop loss ... as we never needed them ...

One more decision or explanation to the use of SL's ... as I have seen such a question some pages before ...

It does not make sense ... if someone aims for a target of let us say 400 pips ... and then asking or using a SL level of 20 pips only ...

Participitiants that try to do it that way ......
MERCY SEAT:

I share your sentiments exactly.
  • #353,988
  • Dec 29, 2010 2:00pm Dec 29, 2010 2:00pm
Quoting PipChick
Cant really tell on the m30 id its a flag or rejection but the m15 and m5 look like a flag.Needs a little more time.
hour close may indicate.
those who can, do. those who cant, talk about those who can
  • #353,989
  • Dec 29, 2010 2:00pm Dec 29, 2010 2:00pm
Quoting PipChick
Cant really tell on the m30 id its a flag or rejection but the m15 and m5 look like a flag.Needs a little more time.
yup.. let see if daily close above 3230..
  • #353,990
  • Dec 29, 2010 2:02pm Dec 29, 2010 2:02pm
closed eu + 10... might kick self in the ass.
those who can, do. those who cant, talk about those who can
  • #353,991
  • Dec 29, 2010 2:02pm Dec 29, 2010 2:02pm
Sounds like you need a trading plan and a coach.


Quoting wannaberich
i was thinking that it might be better to just put on a trade and leave it, not messing around with it on the way. if it turns bad on u than u have sl for that!

here is a list of my current doubts LOL:

- put a trade and forget or manage it
- tight sl (less that 20 pips) or larger sl (30-50)
- small targets (20 pips) or let run (50-100-150)
- 15m or 1h
- pick reversals (with smaller sl) or breakouts (bigger sl)
- breakouts: pending orders or monitor the market, watch for closes and enter after the close above/below S/R
- why Big G has nipples?...
  • #353,992
  • Dec 29, 2010 2:04pm Dec 29, 2010 2:04pm
Quoting Hda
TONYO:

I see how you came up with 1.2500 - however I will have to wait until THURDAY 12midnight when the new day starts on my platform to confirm a lower high on the EUR/USD daily.

If that lower High is confirmed then one can expect futher retracement.

On the daily chart, the most recent candle is a test of the ENGULFING BEARISH CANDLE beside it. If the bulls fail the test then we can look to see a further decline.

In terms of time, I have just stated, hours to wait and days to wait, just for confirmation. Hence NO EMOTION.

But to trade...
My Oanda account is the set and forget account. 1 standard on that trade, no scaling. My FXCM is the I don't give a ish account. scalp with or against the trend for 20 or so pips, play the imaginary doesn't exist Sunday gaps, and news breakouts.
All that is left in FF is just plain garbage. "Cloggie"
  • #353,993
  • Dec 29, 2010 2:04pm Dec 29, 2010 2:04pm
Quoting malcolmb14
check 2 hr charts .. more like accumulation for 3500
Malc, are you thinking 3500 may be in the cards with your VSA because I was thinking that myself. Not saying we wont have some pullbacks but I think the 3497 hi could be a reality. I dont usually think too far in advance but I have been looking at that the last few days.
  • #353,994
  • Dec 29, 2010 2:10pm Dec 29, 2010 2:10pm
Quoting tonyo524
My Oanda account is the set and forget account. 1 standard on that trade, no scaling. My FXCM is the I don't give a ish account. scalp with or against the trend for 20 or so pips, play the imaginary doesn't exist Sunday gaps, and news breakouts.
Good Luck with your TP.
  • #353,995
  • Dec 29, 2010 2:13pm Dec 29, 2010 2:13pm
Quoting onewish
good luck, I will also take some profit off quickly and bail if i see buyers coming in again
out with 7 plus pips, may just wait till asia.. no follow through
  • #353,996
  • Dec 29, 2010 2:13pm Dec 29, 2010 2:13pm
Quoting PayTheLimit
...for the bulls an hourly close above 3206 would put them in the game again....good luck PTL
well bulls are back targeting 3265 and 3274, bears could show themselves with an hourly close under 3188...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 26 KB
Look Sharp/Trade Tight
  • #353,997
  • Dec 29, 2010 2:14pm Dec 29, 2010 2:14pm
Quoting wannaberich
i was thinking that it might be better to just put on a trade and leave it, not messing around with it on the way. if it turns bad on u than u have sl for that!

here is a list of my current doubts LOL:

- put a trade and forget or manage it
- tight sl (less that 20 pips) or larger sl (30-50)
- small targets (20 pips) or let run (50-100-150)
- 15m or 1h
- pick reversals (with smaller sl) or breakouts (bigger sl)
- breakouts: pending orders or monitor the market, watch for closes and enter after the close above/below S/R
- why Big G has nipples?...
Break outs can be dangerous. I usually let the break happen, then retest, then enter. Reversals are ok as long as you are good with PA. But reversals can kill ya if you arent very familiar with PA. The "set and forget" trades can really get you into trouble especially in the mkts lately. Just look at todays action in the mkt. (perfect example of how the set and forget method can snag your money in a heart beat. )
  • #353,998
  • Dec 29, 2010 2:15pm Dec 29, 2010 2:15pm
Hi guys, I just want to share this short piece with the rest of you. Happy trading in January and all of 2011.

January Is Usually Kind To USD - UBS [Dow Jones] Since 1980 the USD has tended to outperform in January, on average gaining 1.51%, which makes it by far the best month historically, says UBS. With the outlook for the U.S. economy positive and the G10 having its own problems the bank says the greenback is likely to outperform this January as well.
  • #353,999
  • Dec 29, 2010 2:16pm Dec 29, 2010 2:16pm
Quoting tonyo524
My Oanda account is the set and forget account. 1 standard on that trade, no scaling. My FXCM is the I don't give a ish account. scalp with or against the trend for 20 or so pips, play the imaginary doesn't exist Sunday gaps, and news breakouts.
TONYO:

I was sharing in private with wannaberich that having more than one trading account with different brokers is important in achieveing profitabilty. Mistakes made on a trade with one broker can be corrected with another broker, but you need to have significant capital to trade this way.

Personally I have 3 accounts.
  • #354,000
  • Dec 29, 2010 2:18pm Dec 29, 2010 2:18pm
Quoting reaperunique
ok let's try to ask this again.

does anybody have any idea as to WHY this little move/breakout happend?
this break-out was initiated in the asian session and this is just the second half; see prev posts with charts! thats why euro is the pair to trade with technicals
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