ben ... any comments?
- #2,083
- Edited 10:13pm Jan 13, 2011 8:21pm | Edited 10:13pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
what software is that trading package, nice clean simple screen. I like that.
it's OANDA platform, real or demo. you add those wma moving averages, modify colors and you have it. simple stuff. no software package.
RS
- #2,084
- Jan 13, 2011 8:24pm Jan 13, 2011 8:24pm
- | Joined Jun 2009 | Status: undergraduate trader | 443 Posts
charming pair indeed, ben! with magic's tech, we may be able to enjoy most of the move. would invite his comments ...
mma breakout on h1 gave good returns on these pairs today. some markets moved more but that's another story. be content with these gains! about 12% of equity for me
You are doing spectacular, my friend. Keep up the good work.
- #2,085
- Jan 13, 2011 9:56pm Jan 13, 2011 9:56pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
Great job, Rising. Trade what you see and not what you think you see. I have nothing to add on my end. In my own experience, every time I have gotten burnt in the past was because I tried to fade a huge run in the market. Lesson learned!
You are doing spectacular, my friend. Keep up the good work.
- #2,086
- Jan 13, 2011 10:11pm Jan 13, 2011 10:11pm
- | Joined Jun 2009 | Status: undergraduate trader | 443 Posts
thanks, magic. wish such a good day repeats itself every day.LOL. my invitation or question to you actually was in regard to the possibility of taking most part of that 500 pips move ben has mentioned on the EU chart in his post #2079. just wondered if such could be approached from the "real money" perspective, i.e., how would the order flow chart with a possible entry point look like around this 500 pips/week move?
Oftentimes, when price hits a group of stops, it'll run them, and then pause and turn back around (profit taking). Sometimes, after running the stops though, price will continue to cascade. Thus a big run can be triggered. I don't know that this was the case here. I think there was a lot of fundamentals going on with the "successful" European bond offerings. It's possible that order flow could have predicted this. I don't know. I didn't necessarily see anything that did. Once price earlier fell to 1.3000 range, there was a lot of buying from Central Banks to prop up the Euro.
- #2,087
- Jan 13, 2011 10:20pm Jan 13, 2011 10:20pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
That's a good question, Rising. From an order flow standpoint, I'm just beginning my learning.
Oftentimes, when price hits a group of stops, it'll run them, and then pause and turn back around (profit taking). Sometimes, after running the stops though, price will continue to cascade. Thus a big run can be triggered. I don't know that this was the case here. I think there was a lot of fundamentals going on with the "successful" European bond offerings. It's possible that order flow could have predicted this. I don't know. I didn't necessarily...
- #2,088
- Jan 13, 2011 10:23pm Jan 13, 2011 10:23pm
- | Joined Jun 2009 | Status: undergraduate trader | 443 Posts
thanks, magic. as we learn the order flow concept and it's application, we will begin to see our performance step up tremendously. am really looking forward to such a state of trading.
- #2,089
- Jan 13, 2011 10:30pm Jan 13, 2011 10:30pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
Let's learn together. This thread is dedicated to MMA trading. But if we find any order flow stuff we can add to our charts, then all the better.
- #2,090
- Jan 14, 2011 4:46am Jan 14, 2011 4:46am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #2,091
- Jan 14, 2011 4:57am Jan 14, 2011 4:57am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
charming pair indeed, ben! with magic's tech, we may be able to enjoy most of the move. would invite his comments ...
mma breakout on h1 gave good returns on these pairs today. some markets moved more but that's another story. be content with these gains! about 12% of equity for me
its the simple and the basic one what count ...... the flat rope and compression
every price line penetrated add more and move the stops too, remember the comb? its function is measure the stability of the trend.
above 5 minute t/f is easy to recognice and to analyse while trade/s still on but on 5 sec it need more practice
- #2,092
- Jan 14, 2011 5:11am Jan 14, 2011 5:11am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
ben ... any comments?
on fundamental front :" the portugal able to rise debt " so the traders/investors gives positive feedback underpin the euro on the bull side! not that important to me by the way
- #2,093
- Jan 14, 2011 5:29am Jan 14, 2011 5:29am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
great ideal! am sure ben will like it too.
i often mention about weekly move of a particular pair ( pick your fancy), i choose the aud/usd - observe the weekly ups and downs how many pips it range on average
if one day during the week she move out of ordinary ... something is happening in the market place LOL, run the mma and have a look where the compression( temporary agreement among traders)is?
it defeneatly help me to position the trade at the top of the bubble, now you know why how i could trade rite at the top of it.
Magic T ... its supply and demand thingy too i think as it shows what the price are the two group of traders agreed upon on weekly basis .....temporarely?
- #2,094
- Jan 14, 2011 1:16pm Jan 14, 2011 1:16pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
you guys are keep on digging ..... I LOVE IT
i often mention about weekly move of a particular pair ( pick your fancy), 1)i choose the aud/usd - observe the weekly ups and downs how many pips it range on average
2)if one day during the week she move out of ordinary ... something is happening in the market place LOL, 3)run the mma and have a look where the compression( temporary agreement among traders)is?
4)it defeneatly help me to position the trade at the top of the bubble, now you know why how i could trade rite at the top of it.
5)Magic T ... its supply and demand thingy too i think as it shows what the price are the two group of traders agreed upon on weekly basis .....temporarely?
also your comments here (colored in magenta above) interest me much. could you please show an example or two when such case arises? i put the step number 1)-4) as you can see. also what is Magic T?
have a great weekend ben and all
- #2,095
- Jan 16, 2011 6:39pm Jan 16, 2011 6:39pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #2,096
- Jan 16, 2011 6:47pm Jan 16, 2011 6:47pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
she move just under around 100 pips this week so far ...
i'll trade or intend to trade i should say on any rope and slope formation.
just over 3 % gain this january so far
i'll trade or intend to trade i should say on any rope and slope formation.
just over 3 % gain this january so far
- #2,097
- Jan 16, 2011 11:33pm Jan 16, 2011 11:33pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
she move just under around 100 pips this week so far ...
i'll trade or intend to trade i should say on any rope and slope formation.
just over 3 % gain this january so far
your positions must be in the money a lot by now.
lot of good setups, easy pips so far.
- #2,098
- Edited Jan 17, 2011 12:43am Jan 16, 2011 11:59pm | Edited Jan 17, 2011 12:43am
- Joined Jun 2007 | Status: trader | 1,703 Posts
- #2,100
- Jan 17, 2011 7:20am Jan 17, 2011 7:20am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
in the money...
she falling nicely.now ... 5 minute chart aud/usd ....woot nicely short