- #416,343
- Mar 31, 2011 8:31am Mar 31, 2011 8:31am
- | Joined Jul 2009 | Status: yo | 3,577 Posts
closing one position.. the rest can do its thing.. +40
looking at eurcad now. anyone trading that?
- #416,345
- Mar 31, 2011 8:32am Mar 31, 2011 8:32am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #416,346
- Mar 31, 2011 8:33am Mar 31, 2011 8:33am
Is not in the tools but in the trader ....
Very nice chart intery. Are you choosing your swing based on
*an objective measure
*or you are selecting them from your chart major swings.
sisse
wow, you question remind me my diploma work when professor ask me "what is a main criteria for blah-blah-blah?" and I said him "Sorry professor, could you rephrase your question without word "criteria" using some russian alternative word?"
that was a face....may be I translate wrong your question, but will try to answer.
I suspect by "an objective measure" you mean fundamentals. If yes, than my answer is - only for direction, I have no access to real statistic data, even would I have - I have no knowledges in macroeconomics and such kind of data as M2 or M3 for major countries. I know, you are great in fundamentals and I like your charts.
when you have a direction, is coming second part of your question - yes, a major swing is a measuring tool for PA behaviour, at least for me
that's just a simple reason why I think price can reach 1,45 breaking a major TL. 1,6:1,5:1,45 like 1:1:0,50 - why not...
Again, you are right, is not in the tool, but in the trader. I said somewhere before, when you trade long time, you even do not need to set a lines, because of experience, an eye see enough.
FX is not a place to be super-precise, from my POV, it is all about probability and opportunity, risk and patience. I would say - on that chart is nice coincidence which we can see obviously after it built - no more no less, did I completely trade them? No. Partially - yes, using main direction and swings is enough. Like now price is very tight, chart show that, yesterday's upward breakout was on the cards, but I agree with Piter's - monday will show.
No crystal ball. I read the cards.
- #416,347
- Mar 31, 2011 8:34am Mar 31, 2011 8:34am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #416,348
- Mar 31, 2011 8:37am Mar 31, 2011 8:37am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #416,351
- Mar 31, 2011 8:41am Mar 31, 2011 8:41am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #416,352
- Mar 31, 2011 8:48am Mar 31, 2011 8:48am
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
+74 (7 X12 ) -10
+ 14.8%
MTD +821
+ 117.0 %
Compounding factor 2.0 used today (double the starting trade size since the beginning of March)
Will kick of April trades on Tuesday April 5.
thanks for sharing your charts, i have studied them a lot this week and have picked up some good pointers.
- #416,353
- Mar 31, 2011 8:49am Mar 31, 2011 8:49am
- | Joined Jul 2009 | Status: Penang Trader{[email protected]. my} | 18 Posts
It's all about the big picture philosophy.
- #416,354
- Mar 31, 2011 8:49am Mar 31, 2011 8:49am
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
In at 74 TP 200 SL 60
That done then I'm finished for the day on 169 pips.
its been a long week
- #416,355
- Mar 31, 2011 8:50am Mar 31, 2011 8:50am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #416,356
- Mar 31, 2011 8:51am Mar 31, 2011 8:51am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #416,358
- Mar 31, 2011 8:58am Mar 31, 2011 8:58am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
looks like you have earned yourself this fine long weekend gleneagles! 821 pips on EU alone for a month. very impressive and very consistent. one day
thanks for sharing your charts, i have studied them a lot this week and have picked up some good pointers.
I am sure you will grab plenty 12 pippers going forward! EU was actually below the 17 month average and lagged GU by around 20% this month. It was mainly the last part of the month where GU pulled ahead.
Once the % rate announcement is out of the way, it will probably settle back into a "normal" pattern again....if not we just play the cards we are dealt?
" Never let the past hold the future to ransom "
- #416,359
- Mar 31, 2011 9:00am Mar 31, 2011 9:00am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
