DislikedOtherwise known as pyramiding or averaging up. This is how I usually stack. There are a few different ways to do it. Here is one way.
http://www.investopedia.com/articles...id-trading.aspIgnored
Thanks Hubba
Patience is magic
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DislikedOtherwise known as pyramiding or averaging up. This is how I usually stack. There are a few different ways to do it. Here is one way.
http://www.investopedia.com/articles...id-trading.aspIgnored
DislikedOne week ago thats what i posted
http://www.screencast.com/users/noma...4-5e7cbe4d4b87
and this is what happening now
http://www.screencast.com/users/noma...3-6f3a6ae68e4a
So current 4 hr candle is very important to me because of its location..Let's see how it plays out..
update: pinbar turned out a bullish bar made a close above the support..nothing good for shorts for now..Ignored
DislikedI see a lot of people are shorting the EU, doesn't price action show that it's in an upward trend?Ignored
DislikedI see a lot of people are shorting the EU, doesn't price action show that it's in an upward trend?Ignored
DislikedHi simple
Thats being discussed here before just like any other thread in ff as you already know..
Graeme trades (so do i) both ways as long as there is a good opportunity but he also suggest whoever new to trade Graeme's method ,trading only towards main trend (monthly,weekly or whatever your largest t.f)
I have two longs on eu but when I opened my first buy position 2 weeks ago,things seemed very short but there was a low risk setup with big reward and now its about 600+ up.
just like my first long,today I analysed this pair and I saw a good...Ignored
DislikedFor those who are questioning why not to go long on EU, Graeme mentioned here http://www.forexfactory.com/showpost...postcount=4031
[color=purple]"Having said that, there is a good chance that the up movement will continue on which means everyone including myself that are participating in this exercise to sit it out since we are only taking one direction for this exercise. We need to patiently wait until clear reasons (as per our price action interpretation) to change our monthly hindsight to UP. Also another reason...Ignored
DislikedHi simple
Thats being discussed here before just like any other thread in ff as you already know..
Graeme trades (so do i) both ways as long as there is a good opportunity but he also suggest whoever new to trade Graeme's method ,trading only towards main trend (monthly,weekly or whatever your largest t.f)
I have two longs on eu but when I opened my first buy position 2 weeks ago,things seemed very short but there was a low risk setup with big reward and now its about 600+ up.
just like my first long,today I analysed this pair and I saw a good...Ignored
DislikedHey nomask,
I keep forgetting people can open longs and shorts. I'm not able to do that, I have to either go long or short. I'm flat right now and using the daily open my determination of going long or short.Ignored
Dislikedhey vee sounds like you are following the plan well.
i have to say it is difficult at the moment to sit on the side lines, the up move has been going since early january, coming up to "1000"pip move, hence the attractiveness of trading both directions.
i tried another probe short yesterday, but the market, she is not ready to accomodate me as yet, i can wait.
cheers
geoffIgnored
DislikedI just shorted 2 positions (1.3755, 1.3746) in EU, SL at b/e on first one. With ISM data out that should help the $ ... Also 1.375 major resis as Nomask said. Double top can be forming here ...
EZ
Edit: SL hit on both, small loss overall. 1.375 is taken out ... with strong ISM data, USD still fell across the board. Best to buy EURUSD on dips ...Ignored
DislikedGood afternoon, all
Thank you for your inputs.
I have read all your posts since my last entry.
I can definitely notice the difference in tone compared to last weekend. No one is passing the cheer anymore and there is a whiff of negativity (most likely derived from frustration) in the air
Ofcourse it is disturbing to see your positions that were 200, 300+ pips erode away into nothing. The fact that such matter still disturbs a trader shows that they are still on the early levels of emotional hurdle.
A trader could...Ignored
The results look something like this:
http://www.forexspirit.com/images/20...1_Sessions.png
It is worth noting that this indicator can be used on any timeframe. The colour coding is only going to mean anything if the timeframe is set to 2 hours or less, as the colour of the candle is based on the open time of the bar. Any timeframe higher than 2 hours will result in bars that cross sessions, which will only confuse things.
This gives an easy way to view where and when it would have been possible to enter trades that would still be alive right now. If the candle colours show the majority of visible bars are in the European session but you're only able to trade during the NY market hours, then you'll know that there wasn't much you could have done there, and that it might be better to wait for times when the NY market shows more momentum.
For anyone who would like to try it out, feel free to download the Sessions indicator and add it to your indicator list in Marketscope. If you're not familiar on how to do that, instructions can be found here.
DislikedHi All,
I greet you and want to say thanks for your input. I have been reading the thread for a while and I just got to the end. I like what I have read here and I learned a lot. I have been learning to trade for 2 years now with no real success but more and more knowledge about myself. That is correct, for knowledge about onself seems to be a major importance when it comes to trading.
Greame is the first only person, who stated in a very intelligent way that he actually does not know where the market is going.
I find that helpful as I...Ignored
Dislikedcongrats..nice shorts you got there.each would be at least 1500 pip-worth if the direction for the next couple weeks is down..
but the question is "is it breaking down or turning back up?"
http://www.screencast.com/users/noma...a-50d39a62dc0dIgnored