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EURUSD

  • #374,921
  • Jan 28, 2011 5:23am Jan 28, 2011 5:23am
don't know whats up with me and the multiple posts.sorry guys must be my internet
  • #374,922
  • Jan 28, 2011 5:24am Jan 28, 2011 5:24am
Quoting 21vs7
Still long

EURUSD 1.3719
SL 1.3699
TP 1.3739
0,20%

0,80% on EURUSD today.

Still looking strong on an upside.
  • #374,923
  • Jan 28, 2011 5:24am Jan 28, 2011 5:24am
Quoting mercy seat
European Forex Technicals: More Upside Scope For EUR/USD

Intraday EUR/USD: continues to edge higher into fresh two-month highs, to bring the 1.3786 high into the picture. Thursday's bullish outside day keeps the dominant sentiment positive and fresh near-term highs above 1.3760 is favored to open the 1.3786 target, protecting the wave equality target at 1.3841. However, the negative divergence in momentum on the 60-minute chart continues to cause concern, suggesting a significant peak is not too far away. Solid support lies in the 1.3540...

http://www.forexfactory.com/images/attach/png.gif 2011-01-28_12h11_ EURUSD _ 030min _ (1100 x 800).PNG (26.8 KB)


Lunch time ... covered and flat ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-28_12h11_ EURUSD _ 030min _ (1100 x 800).PNG Size: 27 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #374,924
  • Jan 28, 2011 5:24am Jan 28, 2011 5:24am
nearly to high.. lets see made a new high or not
  • #374,925
  • Jan 28, 2011 5:26am Jan 28, 2011 5:26am
scalping short
  • #374,926
  • Jan 28, 2011 5:28am Jan 28, 2011 5:28am
Quoting Santana33
Jesus you read my thoughts, today for vanity I put 2 trades in eur7jpy both went wrong, I'm handling eur7usd but I said since I'm having a good ratio I will put more risk, and then I lost what achieve yesterday
Rule number one stay to your strategy, never change, if works of course.

My last trade 7 pips green, sell 3725 closed at the very bottom, pfiuuu . Now, waiting for a brake bellow 3700 or above 3740 doesnt matter, just some PA-
u win some, lose some, we all been thru it, i got my strategy and was nicely building it for 3months, made 1500+ pips and wat did i do?? i went of course and lost 500pips between Dec-Jan chasing a revised strategy but on longer time frames and bigger gains, but forgot about the BIGGER LOSSES yikes! , lucky that was a seperate account and i kept this strategy going else i wud be bankrupt by now lol! as humans we get greedy, too full of ourselves etc and tink we can make more and more...now back to basics!

BUT i do have another strategy am working on, tho this time i will paper trade it for 1-2 months before making same mistake lol!

I been looking at 2H charts and noticed the trends, unlike 1H trends which don't last long, and 4H trends which require a massive SL and also they can reverse and u won't know it for 1-2 days lol, 2H trends seem to be a bit more reliable, so here how it goes:

- Get EUR.USD chart on 2h time frame
- set your EMA (now this bit u gotta work out urself)
- then enter trade with 80pip SL, yes is big but u gotta take a risk to make a gain
- check trade every hour for up to 2-3 hours, once price had gone past 20-30pips put in SL at 10pips, so no matter what u gonna get 10pips all day long
- then check trade 2 hourly or only 14:00, 18:00 and finally 22:00 when u come out

back testing it has made over 1000+ pips from last Oct (as far as my chart goes) so can;t be bad?? u can end up losing ur SL but is very rare. Basically u follow the 2H trend, no matter news, Elliot wave, Math Murray, NO INDICATORS (macd, sto, RSI etc) or any other system, jus stick to it

today i started my first PAPER trade:

ENTRY: 1.3703
SL: 1.3623
SL now at 1.3713 as price broke above 1.3720+
now all u gotta do is sit tight till afternoon, or even 22:00 (although as a Friday i'd take profit at 16:00 or 18:00) and see wat happens!
Attached Image (click to enlarge)
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  • #374,927
  • Jan 28, 2011 5:28am Jan 28, 2011 5:28am
Quoting T.E.Lawrence
Especially if people you're trading for look like these:

http://blogs.warwick.ac.uk/images/mh...f?maxWidth=500
You are the one Lawrence, hahah thats why, first I make them understand the risk of forex, and most of them live abroad. In my country we should be 20 people living of FX.

The day I make enough $$$ I will trade my own here-
  • #374,928
  • Jan 28, 2011 5:28am Jan 28, 2011 5:28am
Quoting PhAnTi'
imho 3740 area is good place to sell the rally.
But 3800 might be in play.

lets see for daily close.
daily chart shows some drop starting next week, 100-200 pips at least.

Lets see
phanti
meh,my setup didn't even show up.looking to the longer frames now.5min is iritating me to much
  • #374,929
  • Jan 28, 2011 5:29am Jan 28, 2011 5:29am
Quoting Vilgax
Trading is simple yet difficult / it is truly a battle against oneself. Greed, impatience, vanity etc. 30 pips a day is achievable and one can usually lock that in pretty quickly. Then the market retraces and comes back - or not...Unfortunately trading is something that one has to experience and feel for oneself (and blow a few real accounts) but once you get the hang of it you can make it. Patience is key. Ok enough, has it hit 3702 yet...sigh
Agreed on that one thats for sure.....

One will never understand the true emotion of trading by trading only with demo accounts.

Patience + Discipline - Greed = Success.

Thats what I trade to....

Greed is the hardest demon to battle for most traders. Conquer that one and your almost there.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #374,930
  • Jan 28, 2011 5:32am Jan 28, 2011 5:32am
Quoting Bleek
You know what, I think I'd find it 10x more difficult to trade other peoples money?

Whereas I'm now very comfortable sticking loads of my own on the line.

Hope it goes well for you.
mailed u
Hero calls followed by margin calls...
  • #374,931
  • Jan 28, 2011 5:33am Jan 28, 2011 5:33am
Quoting ldre
meh,my setup didn't even show up.looking to the longer frames now.5min is iritating me to much
sideline better than loses
Hero calls followed by margin calls...
  • #374,932
  • Jan 28, 2011 5:34am Jan 28, 2011 5:34am
Morning everyone,

Its Friday everyone , so only take high probability trades.
  • #374,933
  • Jan 28, 2011 5:35am Jan 28, 2011 5:35am
Quoting gh0stjpy
u win some, lose some, we all been thru it, i got my strategy and was nicely building it for 3months, made 1500+ pips and wat did i do?? i went of course and lost 500pips between Dec-Jan chasing a revised strategy but on longer time frames and bigger gains, but forgot about the BIGGER LOSSES yikes!...
25 pips on avg ? 1,5k pips within 3 months...

NEVER change a running system !
if u make 25 pips daily, increase ur lotsizes daily/weekly and start with 5-10k , u will be really really really wealthy within 3-5 years.

....
Hero calls followed by margin calls...
  • #374,934
  • Jan 28, 2011 5:35am Jan 28, 2011 5:35am
Quoting ukcool
Morning everyone,

Its Friday everyone , so only take high probability trades.
doesnt matter whether its friday or not...S+R do always work
Hero calls followed by margin calls...
  • #374,935
  • Jan 28, 2011 5:36am Jan 28, 2011 5:36am
http://www.facebook.com/profile.php?...9226392?v=wall
eu still in uptrend
/ ... clarifying decisions ... /
  • #374,936
  • Jan 28, 2011 5:37am Jan 28, 2011 5:37am
3775 should be next target after 3750. then 3780. good areas for short scalps of 7-10 pips.

otherwise decrease lotsize and take longs towards called levels with bigger sl.

phanti
Hero calls followed by margin calls...
  • #374,937
  • Jan 28, 2011 5:37am Jan 28, 2011 5:37am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
this PA is PE ing me off atm...is this a trap or what / am still short so will ride it out
The forex market has its own life and takes its own time.
  • #374,938
  • Jan 28, 2011 5:37am Jan 28, 2011 5:37am
Quoting gh0stjpy
u win some, lose some, we all been thru it, i got my strategy and was nicely building it for 3months, made 1500+ pips and wat did i do?? i went of course and lost 500pips between Dec-Jan chasing a revised strategy but on longer time frames and bigger gains, but forgot about the BIGGER LOSSES yikes!...
Nice, it looks solid, but neither dukas or MT4 has 2H chart, I can immagine the candle looking the 1H, I guess it's the same.

Besides that, at what GMT hour do you start trading?
  • #374,939
  • Jan 28, 2011 5:37am Jan 28, 2011 5:37am
Quoting PhAnTi'
3775 should be next target after 3750. then 3780. good areas for short scalps of 7-10 pips.

otherwise decrease lotsize and take longs towards called levels with bigger sl.

phanti
if we break 3740 of course.
Hero calls followed by margin calls...
  • #374,940
  • Jan 28, 2011 5:39am Jan 28, 2011 5:39am
EURUSD long 1.3732
SL 1.3722
TP 1.3742
0,20%
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