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  • #405,481
  • Edited 1:53am Mar 12, 2011 1:39am | Edited 1:53am
Quoting Alihuzaifa
yesterday i had a buy till evening market was diving and i was in red.....i started buying every 50-60 pips....finally market ,moved up and all my 5 position came up green...i closed all my position with 1500$ profit....so if your account is much bigger then u can also average it down.

averaging down is much better option then hedging.
Sure way to lose money if you keep doing it that way. Congrats on the winning trade this time. If you want to add as you go then its fine, but you still need to calculate maximum dd. Don't forget you're trading, not investing.
  • #405,482
  • Mar 12, 2011 1:49am Mar 12, 2011 1:49am
Quoting feversam
hi all..

need advice here, i had short position @1.3820 yesterday, what should i do? cutloss or hold?
Do you still have sl in place?

If you do then let the trade run till your sl is hit.
Next time, set tp in realistic area.

If you don't have sl in place then cut the loss and move on.
  • #405,483
  • Mar 12, 2011 1:51am Mar 12, 2011 1:51am
Quoting feversam
hi all..

need advice here, i had short position @1.3820 yesterday, what should i do? cutloss or hold?
Let's know more about your trade before we try to help you.

1. How much drawdown you are facing right now, in terms of % (no need to provide the $ amount, just percentage of drawdown)

Calculate drawdown percentage using this formula:

(Your account balance just before this trade MINUS Your account balance now) DIVIDED BY (Your account balance just before this trade) MULTIPLY BY 100.

2. What % of your account balance you can lose without worrying too much? (calculate this percentage on you account balance that was just prior to this trade)

3. Where are your sl and tp, if any. If no tp or sl, how many pips profit you were expecting from this trade? and how many pips loss you planned to take?

4. What is the most convenient session for you to trade NY, Tokyo, or London? It will be great if you can provide exact timing in Eastern Time.

Ps. No need to reply if you are Ashkan, Carcoure, or Alghoz............ anyway.
The Thief of Wall Street
  • #405,484
  • Mar 12, 2011 1:54am Mar 12, 2011 1:54am
Quoting JuliusCeasar
Might as well begin accumulating longs between here(3800) and 3740

Targeting 4300

Attachment
Posted this LIVE here after Thursday NY close

came back to find a nice wtf moment with trade averaging more than 100 pip which of course i wont let to turn red

Coming week important levels for me remain 3740, 3860, 4030

Emphasis on 4030 becoming support to target 4300

just for the record today is Saturday 12th

See you on the other side

Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 17 KB
Mind over matter..I don't mind and you don't matter.
  • #405,485
  • Mar 12, 2011 1:55am Mar 12, 2011 1:55am
Hello Traders,

I came to the conclusion, that this count fits best. Especially the subwave 3 of blue 3 meets in this way the peak in Awesome Oscillator.

In this way we have to deal with a failed fifth (blue 5)



Now let us have a lok at the leg A up. Wave A seems to be nearly ready. Maybe one last push higher to max. 3926.


Maybe later more........

Have a nice weekend and best wishes,


Markus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 03122011 30min morning main count bearish eurusd.jpg Size: 125 KB
Click to Enlarge Name: 03122011 30min morning main count bearish b eurusd.jpg Size: 88 KB
  • #405,486
  • Mar 12, 2011 2:01am Mar 12, 2011 2:01am
Quoting feversam
hi all..

need advice here, i had short position @1.3820 yesterday, what should i do? cutloss or hold?
hold we are headed down to at least 137 area before we start wave 3 up. again.
  • #405,487
  • Mar 12, 2011 2:41am Mar 12, 2011 2:41am
Quoting Allseeingeye
hold we are headed down to at least 137 area before we start wave 3 up. again.

You might be right but this is what i see

A move down to test support at 3830-3860 then lift off heading towards 4030 and beyond with maybe a bump at 3940

I could be totally wrong of course but that rising TL seems to have held as support. A daily close below 3740 would signal a substantial move south

Attached Image (click to enlarge)
Click to Enlarge Name: H4.GIF Size: 18 KB
Mind over matter..I don't mind and you don't matter.
  • #405,488
  • Mar 12, 2011 2:42am Mar 12, 2011 2:42am
Quoting infinitus
Hello Traders,

I came to the conclusion, that this count fits best. Especially the subwave 3 of blue 3 meets in this way the peak in Awesome Oscillator.

In this way we have to deal with a failed fifth (blue 5)



Now let us have a lok at the leg A up. Wave A seems to be nearly ready. Maybe one last push higher to max. 3926.


Maybe later more........

Have a nice weekend and best wishes,


Markus
Agree....http://www.forexfactory.com/showpost...ostcount=12348
Gold Expedition Return This Year: -16.4%
  • #405,489
  • Mar 12, 2011 4:05am Mar 12, 2011 4:05am
Julius i am with you.... heading up to ~1.4030
  • #405,490
  • Mar 12, 2011 4:21am Mar 12, 2011 4:21am
hi all

befor and after dixy

gator it did work
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1h dixy.gif Size: 27 KB
Click to Enlarge Name: 1h dixy 1.gif Size: 27 KB
  • #405,491
  • Edited 4:37am Mar 12, 2011 4:26am | Edited 4:37am
we are above the TL weekly

line in the sand still the same 76.20
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1w eur.gif Size: 19 KB
  • #405,492
  • Mar 12, 2011 5:12am Mar 12, 2011 5:12am
Quoting Allseeingeye
hold we are headed down to at least 137 area before we start wave 3 up. again.
open your daily chart mate
  • #405,493
  • Mar 12, 2011 5:21am Mar 12, 2011 5:21am
Hi Kill,

Hope you are well. I'm traversing through your excellent Indicator thread but can't seem to get my MT4 platform to setup similar to yours. Would you have a template please for one of your following charts or tell me the indi's used in the chart. I tried the RSXV3 instructions but nothing is appearing on the charts only empty window panels

http://www.forexfactory.com/attachme...9&d=1299844578

Thanks,
Pipper
Disclaimer: Check your 1m charts
  • #405,494
  • Edited 6:20am Mar 12, 2011 6:02am | Edited 6:20am
Quoting pipper
Hi Kill,

Hope you are well. I'm traversing through your excellent Indicator thread but can't seem to get my MT4 platform to setup similar to yours. Would you have a template please for one of your following charts or tell me the indi's used in the chart. I tried the RSXV3 instructions but nothing is appearing on the charts only empty window panels

http://www.forexfactory.com/attachme...9&d=1299844578

Thanks,
Pipper

sure , i will post it at the grave yard with all the indis

its there now

added more indis at the grave yard

http://www.forexfactory.com/showthre...=246111&page=5
  • #405,495
  • Mar 12, 2011 6:13am Mar 12, 2011 6:13am
http://www.bloomberg.com/news/2011-0...-requests.html


whonder how will this effect market on opening...
  • #405,496
  • Mar 12, 2011 6:20am Mar 12, 2011 6:20am
Thanks Kill. Much appreciated mate

Quoting kill56
sure , i will post it at the grave yard with all the indis

its there now

added more indis

http://www.forexfactory.com/showthre...=246111&page=5
Disclaimer: Check your 1m charts
  • #405,497
  • Mar 12, 2011 6:32am Mar 12, 2011 6:32am
Quoting cloggie
The next big fundie trade is when Portugal needs a bailout and the FI boys have been quietly working this week to bring that one to the brink.

Portugal is bankrupt and there is nothing they can do about it, the train is in motion and has left them behind in the station.
Our government keeps saying that we won't need IMF's help, of course only a very few believe them.

Portugal has also at this moment other problems to solve. It has a big structural problem, the government has an extrem weight in Portugal's economy, and a classroom politics that serves themself first, before the country.
  • #405,498
  • Mar 12, 2011 6:33am Mar 12, 2011 6:33am
Hi Kill,

I must be missing something as MT4 still not showing me the RSX Smoothed and Divergence Panels. It just shows 2 empty panels.. Any ideas ? I've tried both on a WinXP and Win7 machine
Disclaimer: Check your 1m charts
  • #405,499
  • Mar 12, 2011 6:39am Mar 12, 2011 6:39am
Got it Kill... Thanks mate.. Forgot to copy V2 into MT4 on my second try

Quoting pipper
Hi Kill,

I must be missing something as MT4 still not showing me the RSX Smoothed and Divergence Panels. It just shows 2 empty panels.. Any ideas ? I've tried both on a WinXP and Win7 machine
Disclaimer: Check your 1m charts
  • #405,500
  • Mar 12, 2011 6:41am Mar 12, 2011 6:41am
Quoting pipper
Got it Kill... Thanks mate.. Forgot to copy V2 into MT4 on my second try
lol just about to tell u that any way cool enjoy


best of luck green week
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