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  • #432,401
  • May 1, 2011 9:34am May 1, 2011 9:34am
Hi guys
How can i post a Poll ? I try but it open new thread not a poll
  • #432,402
  • May 1, 2011 10:34am May 1, 2011 10:34am
Quoting hindustani
........EURO.......................USD BULLS
......(magix??)..[joking]
http://www.hellocrazy.com/reserved/c...70.corrida.gif



me

i was the first to sell and the first to get hammered by others for the trade i took.
HAHA i took the trade a bit early based on heavy selling pressure. had some dd but I still see a nice pull back before a push higher. GL to us
Know when to hold em, Know when to fold em!
  • #432,403
  • May 1, 2011 10:37am May 1, 2011 10:37am
Hi all,

I have been reading and learning from all the seniors in this forum, I would like to ask a very novice question, how do I determine how tight to set my stop loss as I have problem with preserving pips I won.

Thank you.

Regards.
  • #432,404
  • May 1, 2011 10:49am May 1, 2011 10:49am
Quoting availdollars
1.60 i think it has never reached that price in its lifetime..
8/08 I hve it at 1.6029
  • #432,405
  • May 1, 2011 11:01am May 1, 2011 11:01am
Has never closed above 1.60, but has been above it on two (three) different days:

April 22nd 2008
April 23rd 2008 (Debatable depending on broker.)
July 15th 2008
  • #432,406
  • May 1, 2011 11:21am May 1, 2011 11:21am
mercy - would appreciate if you would copy me on the same...trying to understand the ways of the market...TIA TT
  • #432,407
  • May 1, 2011 11:21am May 1, 2011 11:21am
The last wave down having h4 tf 3 candles bear strong ,aggreassive at close even apparently ended wave for now at 4804 , seeing from smaller tf , both psar at low in m5 & not down if not extend 5th or proceed 2/3 down again . anyway will watch the open today .all that glitters may not be gold always .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #432,408
  • May 1, 2011 11:26am May 1, 2011 11:26am
Quoting learning
Hi all,

I have been reading and learning from all the seniors in this forum, I would like to ask a very novice question, how do I determine how tight to set my stop loss as I have problem with preserving pips I won.

Thank you.

Regards.
You first need to determine if you want to scalp, daytrade, swing trade, or position trade. You then need to see which you seem to adapt best to.

You also need to define your capital risk 1% or 2% or what have you.

YOU learn the time frame to trade on based on your trade style and then determine your max percentage stop loss. Preferably you want to set stops outside of particular swings. These swings need to be determined which ones you want to use.

Here go through this.

http://www.babypips.com/school/stop-...hats-that.html
Know when to hold em, Know when to fold em!
  • #432,409
  • May 1, 2011 11:27am May 1, 2011 11:27am
Quoting kenfen69
Has never closed above 1.60, but has been above it on two (three) different days:

April 22nd 2008
April 23rd 2008 (Debatable depending on broker.)
July 15th 2008
I've forgotten to add something to the video i made because i think it would overcomplicate things on the P.I.E thread but ive posted it nevertheless, should add it into here aswell.

Ive been discussing larger timeframe analysis on which i use a combination of supply/demand and harmonics/pitchfork analysis to determine trend rather accurately in the past if i may say so, so far i havent been wrong in weeks on any pairs and the situation with USDNOK is whats worrying me right now.

Inserted Video


The patterns shown and explain in this video all suggest the same confluences going on right now, which is pretty much the USD tanking across the boad in weeks. Ive been saying that im considering goign flat and changing polarity once we hit the ABCD target/Pitchfork UML/161.8 Extension etc.

But if you look at the usdnok here:
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The first zone was breached exactly as i said it would in the first video and i was targetting the lower demand zone since prices left that zone extremely strong.
Here is the BUT part though:

If you look at the rate of acceleration of price (parabolic curve), its implying to target even lower (2k-3k pips more in downtrend) before stabilizing. There is a nifty target at demand lower which intersects with the frequency at which price is moving/vibrating, the intersection between the regular fork and the modified schiff fork.

Thus targets of 1.60 could actually be hit sooner than later, to be honest looking at this its unrealistic to me for this to be hit pretty soon, but looking at how the monthly chart is looking right now, i dont think its an option you should exclude, i will be patiently awaiting 1.5150, 1.5309 and 1.55 and will start averaging into shorts with smaller position sizes at that point. In the mean time i will continue my scalping routine, in unsafe markets its imo the best thing you can do to reduce the risk, since everytime reds team and i have been entering swings we were up 30 pips but couldnt see a clear exit, so we either lost 40% on profit takeout because of reversals at unclear supply levels, or we lost out on an expansionary move like on cable or EJ etc.

So tread with caution This is the exact reason i will be adding a binary options broker to my repertoire soon, markets like these are literaly screaming for optionstrading.

See you in the other thread trading gaps in 5 hours.
  • #432,410
  • May 1, 2011 11:29am May 1, 2011 11:29am
Quoting TurboTrader1
mercy - would appreciate if you would copy me on the same...trying to understand the ways of the market...TIA TT
Ditto
  • #432,411
  • May 1, 2011 11:31am May 1, 2011 11:31am
Quoting Orbital
So tread with caution This is the exact reason i will be adding a binary options broker to my repertoire soon, markets like these are literaly screaming for optionstrading.
Nice one, Orb. Thanks for that, mate.
  • #432,412
  • May 1, 2011 11:37am May 1, 2011 11:37am
Quoting TurboTrader1
mercy - would appreciate if you would copy me on the same...
Ditto!

Just a suggestion...maybe someone can pass it on to mercy...

Why not open your own thread? It seems you have plenty of people who like to follow along. Wouldn't it be easy that way for you to keep out the riff raff?
  • #432,413
  • May 1, 2011 12:58pm May 1, 2011 12:58pm
Hii to all the friendly and helpful members of forex factory,

I am new to this great forum and learning in order to contribute to this forum,

I try to understand and apply.

Can you please tell me how to put pivot points in EUR/USD chart
and are pivot points useful ffor a beginer like me.

Thanks
ready2start
  • #432,414
  • Edited 1:39pm May 1, 2011 1:26pm | Edited 1:39pm
Quoting learning
Hi all,

I have been reading and learning from all the seniors in this forum, I would like to ask a very novice question, how do I determine how tight to set my stop loss as I have problem with preserving pips I won.

Thank you.

Regards.
Very good question.

It depends on your position size and position objective. I cannot tell you how many pips, but can only share what I do with my trades.

When price makes a significant move breaking a key support / resistance and stays above/below that resistance/support, sl below that resistance (now support) or sls above that support (now resistance) have greater survival chance.

ps - If you are using horizontal support/resistance levels, you may need slightly wider sls. But if you are using angular (/ or \) trendlines as support/resistances (as I do), sls below/above that trendline are good. When using trendlines for determining sls, also consider nearest round numbers as price tends to get to these round numbers even if they are slightly away from those trendlines.
The Thief of Wall Street
  • #432,415
  • May 1, 2011 2:09pm May 1, 2011 2:09pm
hi all


hope u had a sexy weekend junkies

added some camel balls @ the grave yard enjoy


http://www.forexfactory.com/showthread.php?t=246111
  • #432,416
  • May 1, 2011 2:11pm May 1, 2011 2:11pm
Quoting Chicky
Very good question.

It depends on your position size and position objective. I cannot tell you how many pips, but can only share what I do with my trades.

When price makes a significant move breaking a key support / resistance and stays above/below that resistance/support, sl below that resistance (now support) or sls above that support (now resistance) have greater survival chance.

ps - If you are using horizontal support/resistance levels, you may need slightly wider sls. But if you are using angular (/ or ) trendlines as support/resistances...
Illustration:

If you have taken a short position at either of the two red circles, your sl maybe above 1.50000 (the red horizontal line). Normally, tp should be more than sl, that is, if you are taking 1% risk on your account, your profit target should be at least 1%.
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The Thief of Wall Street
  • #432,417
  • May 1, 2011 2:36pm May 1, 2011 2:36pm
Hi All

What is your estimation for this week on usdeur?
  • #432,418
  • May 1, 2011 2:45pm May 1, 2011 2:45pm
Quoting availdollars
1.60 i think it has never reached that price in its lifetime..
kenfen69 was correct july 1 2008
any further questions should be forwarded to brokers mine is FXDD lol
Attached Image
  • #432,419
  • May 1, 2011 2:51pm May 1, 2011 2:51pm
Quoting Chicky
Illustration:

If you have taken a short position at either of the two red circles, your sl maybe above 1.50000 (the red horizontal line). Normally, tp should be more than sl, that is, if you are taking 1% risk on your account, your profit target should be at least 1%.
What can i say dear ChickyAs Always
  • #432,420
  • May 1, 2011 2:52pm May 1, 2011 2:52pm
Quoting gordonfx
kenfen69 was correct july 1 2008
any further questions should be forwarded to brokers mine is FXDD lol
Just found this. It says 1.60373 on July 1, 2008.
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The Thief of Wall Street
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