AUDUSD Sl at 25 pips , if i see some reverse downtrend i am gonna shoot up my self ! live to fight another day , better with sl , few times without sl made my account horror movie !
Trade What You See - Almost Naked Trading
- #9,281
- Jan 12, 2011 10:54am Jan 12, 2011 10:54am
AUDUSD Sl at 25 pips , if i see some reverse downtrend i am gonna shoot up my self ! live to fight another day , better with sl , few times without sl made my account horror movie !
- #9,284
- Jan 12, 2011 11:53am Jan 12, 2011 11:53am
That's what happend to me the last days. I had severe losses from the news last week, made some trades this week and "forgot" to set SL, as I thought that it would reverse and continue the trend (I entered with daily, weekly and monthly RSI confirmation), but at my buy it reversed and reversed hard. My account (still on micro) is now, well, almost emptyhttp://cdn.forexfactory.com/images/icons/icon9.gif
! 170 pips of profit for today stuck my head in to the clouds Help to be helped.
- #9,286
- Jan 12, 2011 12:22pm Jan 12, 2011 12:22pm
IMHO, I would be careful at this setup.
Besides the fact that the daily RSI is up, we can also see the big green candle (third from last).
Let's wait and see.
I am thankful that the daily rsi kept me out
- #9,289
- Jan 12, 2011 1:42pm Jan 12, 2011 1:42pm
thanks shearer9
I am new here but am watching this as pos multi day B/O
also dont no if i am posting it right
[Attachment
Thank you for sharing this chart with us!
- #9,290
- Jan 12, 2011 2:07pm Jan 12, 2011 2:07pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
I'm just now able to look at charts...can't believe I missed the BO that we have been waiting hours for!
Hope lots of you caught it.
Hope lots of you caught it.
- #9,291
- Jan 12, 2011 2:32pm Jan 12, 2011 2:32pm
Perhaps we can channel trade EURGBP.
IMHO, we can buy at support 0.8300, which is holding up very well.
TP at 0.8330 and SL at 0.8290.
The 4h, 1D and Weekly RSIs are up at the moment...
LG and everyone, i'd love to hear your opinion on this!
IMHO, we can buy at support 0.8300, which is holding up very well.
TP at 0.8330 and SL at 0.8290.
The 4h, 1D and Weekly RSIs are up at the moment...
LG and everyone, i'd love to hear your opinion on this!
- #9,294
- Jan 12, 2011 3:57pm Jan 12, 2011 3:57pm
IMHO, a ZC setup.
Let's see how PA behaves around the recent swing high of 1.3210-20...
Please let me know what you think! Thank you!
- #9,295
- Jan 12, 2011 4:04pm Jan 12, 2011 4:04pm
IMHO, it's fighting atm to break resistance at 0.8330.
If succeeds, we'll have a CBO and the channel trade idea is off.
IMHO, in that case, we might see a strong move upwards...
However, I do hope we will eventually see the CBO...
I'm just now able to look at charts...can't believe I missed the BO that we have been waiting hours for!
http://img233.imageshack.us/img233/1...usdchannel.png
Could you provide some feedback please? Thanks
Edit: Also what do you consider a channel (for how long and how many pips channeled between high and lows of the bodies?).
Sorry if you've mentioned this before!
- #9,298
- Jan 12, 2011 4:30pm Jan 12, 2011 4:30pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
Lawgirl21 - looking at my EURUSD chart H1 I am unable to see the small narrow channel trading like you see? Here is my view on it and it doesnt look as channeled as yours?
http://img233.imageshack.us/img233/1...usdchannel.png
Could you provide some feedback please? Thanks
Edit: Also what do you consider a channel (for how long and how many pips channeled between high and lows of the bodies?).
Sorry if you've mentioned this before!
Thanks for replying lawgirl21 .
http://img706.imageshack.us/img706/1179/eurusdchan2.png
So in this picture, if i put a horizontal line on the first 4hr candle bodies, I can see the zig zag (marked orange) - is this correct?
I'd also like to know how you can identify the momentum? I've marked 1, 2 and 3 on the chart.
.http://img706.imageshack.us/img706/1179/eurusdchan2.png
So in this picture, if i put a horizontal line on the first 4hr candle bodies, I can see the zig zag (marked orange) - is this correct?
I'd also like to know how you can identify the momentum? I've marked 1, 2 and 3 on the chart.
- 1 is what looks like the price is going long (what would make you not take a long position here?)
- 2 is what looks like could potentially be a short position, but like the first how do you define whether to go short or not?
- 3 is where the price does go long, but how would you define that the pattern is long (is there anything you need to spot?)
Sorry for all the questions, I hope you can help . Thank you!