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  • #358,201
  • Jan 4, 2011 5:38pm Jan 4, 2011 5:38pm
good morning.
  • #358,202
  • Jan 4, 2011 5:38pm Jan 4, 2011 5:38pm
Here is short term 5M descending triangle. If it breaks up, we will see retracement. Down break out will certainly cause a sell off.
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  • #358,203
  • Jan 4, 2011 5:41pm Jan 4, 2011 5:41pm
Quoting Venice
Yup, that's exactly what I need to do... not quite sure how to though. I'm not very good at reading/identifying significant levels. Everytime I draw lines, price reacts to them as much as they don't.
Have a look at some of Sam Seiden's stuff on supply & demand zones (if you're not already familiar), there are lots of videos in the FX Street archives:

http://www.fxstreet.com/search/contr...1-e9bf77216d2f
  • #358,204
  • Jan 4, 2011 5:44pm Jan 4, 2011 5:44pm
Quoting T@rantula
Hey Archie...Well mate...no complaints. How are you?
Yeah, need to work on my risk management, nuff said...

Still in the game, gonna be working for a few months, so will only be trading Tokyo & London opens, and the odd trade on the iPhone, charting app sucks tho'...
  • #358,205
  • Jan 4, 2011 5:45pm Jan 4, 2011 5:45pm
Quoting buonvangvn
good morning.
  • #358,206
  • Jan 4, 2011 5:47pm Jan 4, 2011 5:47pm
04-01-2011 - Results
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  • #358,207
  • Jan 4, 2011 5:47pm Jan 4, 2011 5:47pm
05-01-2011
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  • #358,208
  • Jan 4, 2011 5:48pm Jan 4, 2011 5:48pm
Lets see if 3324 can hold her down...
  • #358,209
  • Jan 4, 2011 5:53pm Jan 4, 2011 5:53pm
H1 : $ index breakout
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  • #358,210
  • Jan 4, 2011 6:00pm Jan 4, 2011 6:00pm
i'm short 1.3324
  • #358,211
  • Jan 4, 2011 6:02pm Jan 4, 2011 6:02pm
Quoting Venice
Lets see if 3324 can hold her down...
23% fr? it just bounced to the tick...
  • #358,212
  • Jan 4, 2011 6:06pm Jan 4, 2011 6:06pm
waiting 4 the 23 slapdown??
those who can, do. those who cant, talk about those who can
  • #358,213
  • Jan 4, 2011 6:08pm Jan 4, 2011 6:08pm
Quoting buonvangvn
i'm short 1.3324
Today I will list my results starting from now
  • #358,214
  • Jan 4, 2011 6:09pm Jan 4, 2011 6:09pm
Quoting gatorinla
waiting 4 the 23 slapdown??
Sluggish PA so far...
  • #358,215
  • Jan 4, 2011 6:12pm Jan 4, 2011 6:12pm
Quoting FibbinArchie
Yeah, need to work on my risk management, nuff said...

Still in the game, gonna be working for a few months, so will only be trading Tokyo & London opens, and the odd trade on the iPhone, charting app sucks tho'...
What are you using on your iphone?

I use Forex on the Go Pro but do not have it broker connected. For trades I'll log on to my computer via TeamViewer. Generally it sucks.
Don't Panic. Stay With You're Group.
  • #358,216
  • Jan 4, 2011 6:12pm Jan 4, 2011 6:12pm
Quoting FibbinArchie
23% fr? it just bounced to the tick...
Yes Sir. I never use to believe in fibs until i actually started applying them to charts. Quite amazing if you ask me.
  • #358,217
  • Jan 4, 2011 6:12pm Jan 4, 2011 6:12pm
time for those interested, i dont know why, in buying euro to get in... it broke its that down move wave in the london session and holding its upward channel for the recent mid december upmove... also on your side is the euroyen also holding a similar channel (pic on the right)..

good luck
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  • #358,218
  • Jan 4, 2011 6:14pm Jan 4, 2011 6:14pm
Quoting buonvangvn
i'm short 1.3324
out 10 pips
  • #358,219
  • Jan 4, 2011 6:14pm Jan 4, 2011 6:14pm
Quoting JuliusCeasar
You might want to adjust your stop before heading out

Yes JC, I should have done just that. I lost 20 when I could have made 100. My MM only allows me to lose a set amount unless I'm manually trading and I wasn't. I could have gone the other way too. But yeah, I've been kicking myself all day.
Don't Panic. Stay With You're Group.
  • #358,220
  • Jan 4, 2011 6:17pm Jan 4, 2011 6:17pm
Quoting MindfulOne
What are you using on your iphone?

I use Forex on the Go Pro but do not have it broker connected. For trades I'll log on to my computer via TeamViewer. Generally it sucks.
I use IG's new app, I've got On The Go Lite, but don't rate it that much, IG now has MACD, Stoch, etc. but no way of drawing fibs, TLs and most importantly (for me) no tick vol...

I just love my MT4...
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