The only system that will work is one designed by and for yourself.
Hi!
Keep up the good work.
I'm glad to see a trade shorting the AUDUSD because I started 2 days ago and I'm not happy with the account balance!
I really hope you get this one right! I'll double the position if hte TP1 is hit!
Keep up the good work.
Cheers!
Any tips for long setups (a daily MA type?)
Keep up the good work.
I'm glad to see a trade shorting the AUDUSD because I started 2 days ago and I'm not happy with the account balance!
I really hope you get this one right! I'll double the position if hte TP1 is hit!
Keep up the good work.
Cheers!
Any tips for long setups (a daily MA type?)
- #33
- Edited Mar 24, 2011 7:11am Mar 23, 2011 2:13pm | Edited Mar 24, 2011 7:11am
Hi Guys,
AUD USD SL hit again,
Well it is part of FX market trading.
Have a good day
Mfinab,
http://www.forexfactory.com/attachme...2&d=1300878177http://my.jetscreenshot.com/4229/201...c6kx-555kb.jpg
AUD USD SL hit again,
Well it is part of FX market trading.
Have a good day
Mfinab,
http://www.forexfactory.com/attachme...2&d=1300878177http://my.jetscreenshot.com/4229/201...c6kx-555kb.jpg
Hi!
Keep up the good work.
I'm glad to see a trade shorting the AUDUSD because I started 2 days ago and I'm not happy with the account balance!
I really hope you get this one right! I'll double the position if hte TP1 is hit!
Keep up the good work.
Cheers!
Any tips for long setups (a daily MA type?)
No offense but don't martingale your trades. You will get hurt.
If it's not of my business let me know I can take it !
I've thrown a few punches here and there, that is why I'm called "Mr.Wonderful" !
hmmm I reread your post and I think you mean you will add a position to a winning trade, if so I'll shut up !!!
Pip it Up !
BigMike
Hey guys.
I don't really know MartinGale ideas nor the theory behind. but I imagine one will buy an sell on the same pair.
BigMike, I did say if TP1 was hit I add an extra lot until TP2. (which I would leave running with a hand made trailing EMA8 SL)
Any opinion on the GPUSD? Testing the 50 daily SMA, going for the 1,6000?
(I'm short since 1,6200) TP- 1,60?
Cheers!
P.S.
Portugal government is resigning (98% sure) so I expect EUR and GBP to have a bad couple of weeks. if that happens, the IMF has to intervene.
I don't really know MartinGale ideas nor the theory behind. but I imagine one will buy an sell on the same pair.
BigMike, I did say if TP1 was hit I add an extra lot until TP2. (which I would leave running with a hand made trailing EMA8 SL)
Any opinion on the GPUSD? Testing the 50 daily SMA, going for the 1,6000?
(I'm short since 1,6200) TP- 1,60?
Cheers!
P.S.
Portugal government is resigning (98% sure) so I expect EUR and GBP to have a bad couple of weeks. if that happens, the IMF has to intervene.
- #38
- Edited 10:19am Mar 24, 2011 8:38am | Edited 10:19am
Hey guys.
I don't really know MartinGale ideas nor the theory behind. but I imagine one will buy an sell on the same pair.
BigMike, I did say if TP1 was hit I add an extra lot until TP2. (which I would leave running with a hand made trailing EMA8 SL)
Any opinion on the GPUSD? Testing the 50 daily SMA, going for the 1,6000?
(I'm short since 1,6200) TP- 1,60?
Cheers!
P.S.
Portugal government is resigning (98% sure) so I expect EUR and GBP to have a bad couple of weeks. if that happens, the IMF has to intervene.
Martingale is a roulette strategy that consists in doubling a bet after a lost until a win. Some taders use that with minuscule positions, however on the long run it is suicidal.
Oh ok about adding a position after TP1, my miss !
About cable, well I'm egoist and sure hope it will plunge because I have a long on swissie (inversly correlated). Not really an opinion, just a selfish wish !
Europe is in such turmoil, Brits are talking about inflation and interest rates and a lot of Japan interest (reactors) and let's not forget oil prices, Middle East (Lybia)... Which makes it very unstable and we could see 400 - 600 pips moves anytime and on any side.
Since I'm an almost pure technical trader (90%-10%) I just wait for ultimate confirmations. Just my two cents.
I do have aussie, kiwi and EG on the radar since yesterday but I'll wait a few days for confirmations. All three pairs are overbought but no consolidation yet.
I hate to make predictions, the only predictions I make is when I pull the trigger and take a trade. I only had 2 this week.
Let see what this crazy world will mess up next !
BigMike
Today I got a bit exotic!
Open trades:
EURNZD
Sell 1,8895 TP 1,8700
Reasons: NZD had great GDP numbers, EUR Portugal rating downgraded A+ to A-, elections only June, IMF is not yet confirmed but with 10year [email protected]%!
EURAUD
Sell 1,3890 TP 1,3800
Reasons: bearish the last days, below MA's and SMA200 @1,3790 and it's EUR!
Cable
Sold 1,62 currently at 1,6120 TP 1,605
USD is weak and SMA's are good.
Aussie
Buy 1,02 TP 1,03 but I'll wait for 4h SMA break
All SL are 99 pip the other way!
I hope I get plenty of green because last week was -500 for me!
Cheers!
Open trades:
EURNZD
Sell 1,8895 TP 1,8700
Reasons: NZD had great GDP numbers, EUR Portugal rating downgraded A+ to A-, elections only June, IMF is not yet confirmed but with 10year [email protected]%!
EURAUD
Sell 1,3890 TP 1,3800
Reasons: bearish the last days, below MA's and SMA200 @1,3790 and it's EUR!
Cable
Sold 1,62 currently at 1,6120 TP 1,605
USD is weak and SMA's are good.
Aussie
Buy 1,02 TP 1,03 but I'll wait for 4h SMA break
All SL are 99 pip the other way!
I hope I get plenty of green because last week was -500 for me!
Cheers!