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EURUSD

  • #397,601
  • Feb 28, 2011 10:51am Feb 28, 2011 10:51am
Pk.... in da house!
  • #397,602
  • Feb 28, 2011 10:52am Feb 28, 2011 10:52am
Quoting vinesh2
Pk.... in da house!
Sup v.
  • #397,603
  • Feb 28, 2011 10:56am Feb 28, 2011 10:56am
Quoting Marioa01
Impressive... to the pip, as you say.

can you recommend some good reading, training?

thx
cheers
sorry i don't know anyone trading like this. i never read a trading book. there may be a short cut. someone may be doing this. but i don't know.
it hasn't touched. . both #s protected till one blinks. sl +7 now
those who can, do. those who cant, talk about those who can
  • #397,604
  • Feb 28, 2011 10:58am Feb 28, 2011 10:58am
Quoting gatorinla
bull needs 3796.6 now st.. bull still had the ball last
bear still needs 3779
the noose tightens
those who can, do. those who cant, talk about those who can
  • #397,605
  • Feb 28, 2011 10:59am Feb 28, 2011 10:59am
3793 Murrey Math 1/8th is key here the way I see it. A clean break either side wins the prize.
  • #397,606
  • Feb 28, 2011 11:05am Feb 28, 2011 11:05am
Quoting T@rantula
Thanks a lot.

I too like your reply and analysis format > but i dont have reasons for that though "
finding A M S
  • #397,607
  • Feb 28, 2011 11:06am Feb 28, 2011 11:06am
Quoting T@rantula
Look.

When you trade seriously you always have some bad trades. It depends how bad they are.

For example I made 620 pips in January, while February brought me approximately 150. Im always true to myself and people who I work with or help.

The point in forex is to cut ur losses short. You need to accept the loss and move forward. I never leave my trades w/o S/L.

I dont mind if its hit, I know I will make triple the pips I would have made next time I make an entry.

The losses are a part of traders' job, but in order to be profitable you need...
Yup, this is exactly why I keep mental stops @ 10-15 pips. I have magic EMA lines on my chart as well (lol), that do tend to trail the 5m chart at about that range, unless price is completely flat, or skyrocketing to the moon (which is quite beyond obvious when it's happening). So I know, if price closes below my magic line, I close the trade out. It's just a simple visual representation of a loss that I am willing to lose.

The amount doesn't matter, the MA doesn't matter. It's he fact that I hold myself to that stop out at that line each and every time.

I even made it red, to show, last chance, do or die. lol

I don't know how many times I have said this, but really all comes down to sticking to your rules. Get a set of rules that give you some bit of an edge.

Rules that dictate your entries, your exits, and your trade management. The entire PROCESS!

You should be constantly following a set of IF-THEN IF-THEN IF-THEN while trading.

If the price does this, stay in, if the price does that, exit. I trade the 5m charts so I am reevaluating these statements every 5 to 30 minutes, depending on what pa is doing.

As price moves around my magic lines, as price approaches and leaves support and resistance zones, or daily pivots.

Trading is so freaking easy. Controlling yourself and setting up a set of rules, and actually following them. That is the hard part.
  • #397,608
  • Feb 28, 2011 11:06am Feb 28, 2011 11:06am
ZigZag A-B-C Bandwidth (current situation in case of 1.37659 will hold for now today)

1.3890 1.3801
1.3873 1.3784
1.3856 1.3766
1.3839 1.3745
1.3822 1.3728
1.3801 1.3711
1.3784 1.3694
1.3766 1.3677

UP DOWN
1.3856 1.3711

And I think it does ... and go up again later ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-28_19h56_ EURUSD _ min060 _ (050) candle + PP + TL.PNG Size: 24 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #397,609
  • Feb 28, 2011 11:10am Feb 28, 2011 11:10am
Quoting Venice
Trading is so freaking easy. Controlling yourself and setting up a set of rules, and actually following them. That is the hard part.
The truth.
  • #397,610
  • Feb 28, 2011 11:12am Feb 28, 2011 11:12am
tarantula .. nice trade there this morning btw ... I hope they di not catch you on that spike into 1.3856 the buggers.

12 hour looks like a pin bar . Maybe a reversal day. I am waiting to see what Asia has for us

Quoting malcolmb14
eu is in sideways channel 1.3820 to 1,3840 on an up day so far , supply is there BUT market does not appear ready to drops right now. The safe bet .. wait for 1,3820 to break and then look for a downward trend to form on a 5min , entering in that trend on an effort to rise. For me on an up day i will ONLY play buy dips , until the days range is complete , yeah i miss a few trades but overall has saved my butt many a time

Picking tops and bottoms is to high risk IMHO....in somethig that ranges 130 pip a day we can let the 1st 40 slide and grab...
Blogging daily now at www.volume.zone
  • #397,611
  • Feb 28, 2011 11:18am Feb 28, 2011 11:18am
nice range between m5 m15 ema200
  • #397,612
  • Feb 28, 2011 11:18am Feb 28, 2011 11:18am
Quoting T@rantula
35 audusd
40 eurusd
25 usdchf
8 eurusd
-20 gbpusd
-20 gpbusd
------------

total:68

My final entry:

shorted EURUSD @ 3830 3852 s/l

Ahh ...

no ... did not notice before ... was too busy with mine ...

well done ... specially the amount of this late pull back has been well proportioned (don't know if right expression or word) ... gut eingeschätzt ... timing has been good too ...


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-28_20h16_ EURUSD _ min003 _ (100) candle + PP + TL.PNG Size: 27 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #397,613
  • Feb 28, 2011 11:20am Feb 28, 2011 11:20am
[quote=PhAnTi';4434328]
Quoting rattyo

dont talk...show : x
http://screencast.com/t/t8NrkIq6d that 55£ cashed

left 5£ point on the table

http://screencast.com/t/9SLS9IqKkjE6
rat
  • #397,614
  • Feb 28, 2011 11:26am Feb 28, 2011 11:26am
What is the best broker these days for 5k-10k???
  • #397,615
  • Feb 28, 2011 11:37am Feb 28, 2011 11:37am
Quoting PayTheLimit
.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 20 KB
  • #397,616
  • Feb 28, 2011 11:40am Feb 28, 2011 11:40am
Quoting Mr Hatch
.

T2..the terminator....nice
Look Sharp/Trade Tight
  • #397,617
  • Feb 28, 2011 11:44am Feb 28, 2011 11:44am
Quoting T@rantula
That explains why I was maybe the only one short on this thread today.
That doesnt mean that the others dunno how to trade, its just that there are days when no matter how professional u are, u will lose.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 51 KB


No. I was short today today with a 15 pip SL. It was a low risk, high probability trade in my eyes.

I have already cashed some of my position in at the 200ma on m15. Still looking bullish on the h1 timeframe, although the daily is beginning to look interesting.
  • #397,618
  • Feb 28, 2011 11:44am Feb 28, 2011 11:44am
Quoting Mr Hatch
.


Attached Image
Look Sharp/Trade Tight
  • #397,619
  • Feb 28, 2011 11:47am Feb 28, 2011 11:47am
Quoting Mr Hatch
.
yearly........there good all year, lol...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 20 KB
Look Sharp/Trade Tight
  • #397,620
  • Feb 28, 2011 11:49am Feb 28, 2011 11:49am
Quoting bbakker
Attachment

No. I was short today today with a 15 pip SL. It was a low risk, high probability trade in my eyes.

I have already cashed some of my position in at the 200ma on m15. Still looking bullish on the h1 timeframe, although the daily is beginning to look interesting.
30 50 100 ema? deville setup maybe?

Nice thou
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