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EURUSD

  • #438,321
  • May 9, 2011 5:19am May 9, 2011 5:19am
Quoting PayTheLimit
what up cloggs....

just testing you....
Look Sharp/Trade Tight
  • #438,322
  • May 9, 2011 5:19am May 9, 2011 5:19am
Current channel:
Attached Image
  • #438,323
  • May 9, 2011 5:19am May 9, 2011 5:19am
Btw, do you think bearish engulfing on weekly chart means something?
  • #438,324
  • May 9, 2011 5:20am May 9, 2011 5:20am
Quoting FibbinArchie

What's up? you got man flu?

lol, indeed....
Look Sharp/Trade Tight
  • #438,325
  • May 9, 2011 5:20am May 9, 2011 5:20am
Quoting PayTheLimit
just testing you....
probably on holiday again...
  • #438,326
  • May 9, 2011 5:21am May 9, 2011 5:21am
Quoting ScreenTimer
Long @ 1.4396
closed @ 1.4402

so far +59 pips today
  • #438,327
  • May 9, 2011 5:21am May 9, 2011 5:21am
Quoting T.E.Lawrence
Btw, do you think bearish engulfing on weekly chart means something?
ask me again, late friday....
Look Sharp/Trade Tight
  • #438,328
  • May 9, 2011 5:22am May 9, 2011 5:22am
Quoting fxkiller
Please read the posts clearly mate.
I did mate and you said "fixed SLs or tight SLs are one of the biggest reason , why traders lose ..."

cheers mate , see you later mate
  • #438,329
  • May 9, 2011 5:22am May 9, 2011 5:22am
Quoting TheSwede
Thanks!

I'm having the rolls at 0000GMT and 1700GMT as levels but don't know how to play them yet.
Personally I just keep in mind its a level that longer term players will have noted .

And rather than entering at random levels these are levels with higher probability to get a decent move from .

Therefore if price is at the level and goes higher enter with your stop in place,as long as its above the level its likely to go higher and vice versa.

Whatever your stop is any pips it moves in your favour, move your stop that distance towards your entry after all you never want price to retrace more than 50% of a move .

Personally "00" and "50" are good levels too:
If price moves from a "00" then i trade in the direction of the next "00" thats broken, as with all levels these have ranges "00" has 20/30 above and 80/90 below,if broken its a strong sign that the ""oo" that it pasts is convincingly broken.
Eg:-

1.5000 to 1.4900 and 14880 breaks then unless something is reported in the meantime 1.4800 is were we will likely head after some messing about .
making green pips large and red pips small this is my goal.
  • #438,330
  • May 9, 2011 5:22am May 9, 2011 5:22am
Quoting T.E.Lawrence
Very nice!

.......but why?
Because of this channel:
Attached Image
  • #438,331
  • May 9, 2011 5:22am May 9, 2011 5:22am
Quoting DarkWolF
Short EU @ 1.44233

SL @ 1.44453
Moved stop down to lock in small amount in case it bounces off the trend line and round number area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 93 KB
Click to Enlarge Name: eu1.jpg Size: 134 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #438,332
  • May 9, 2011 5:23am May 9, 2011 5:23am
Quoting paul1
Personally I just keep in mind its a level that longer term players will have noted .

And rather than entering at random levels these are levels with higher probability to get a decent move from .

Therefore if price is at the level and goes higher enter with your stop in place,as long as its above the level its likely to go higher and vice versa.

Whatever your stop is any pips it moves in your favour, move your stop that distance towards your entry after all you never want price to retrace more than 50% of a move .

Personally "00" and...
I like the monthly and weekly close's also...
Look Sharp/Trade Tight
  • #438,333
  • May 9, 2011 5:25am May 9, 2011 5:25am
what up talenxFX....
Look Sharp/Trade Tight
  • #438,334
  • May 9, 2011 5:27am May 9, 2011 5:27am
Quoting PayTheLimit
what up talenxFX....

just testing you again....
Look Sharp/Trade Tight
  • #438,335
  • May 9, 2011 5:28am May 9, 2011 5:28am
Quoting paul1
took me ages to find one for forex but mbtrading has that.
is that like the tradestation matrix?
What platform is it on mbtrading, cause they have a few?

cheers
T
  • #438,336
  • May 9, 2011 5:28am May 9, 2011 5:28am
Quoting PayTheLimit
what up talenxFX....
hope that kids ok, he was on about reversing near the high, if he left his original position in he'll be laughing now, but that 50 pip top side shakeout may have been a bridge too far...
  • #438,337
  • May 9, 2011 5:29am May 9, 2011 5:29am
Bored?

Quoting PayTheLimit
just testing you again....
  • #438,338
  • May 9, 2011 5:29am May 9, 2011 5:29am
Quoting PayTheLimit
just testing you again....
Hehe, dont push it.. it might ejaculate with discharge all over the thread...
  • #438,339
  • May 9, 2011 5:31am May 9, 2011 5:31am
Not much going on just hanging around that round number at the moment.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #438,340
  • May 9, 2011 5:33am May 9, 2011 5:33am
Quoting PayTheLimit
I like the monthly and weekly close's also...
I see my goal as noting the levels and seeing if big size comes in.

You may get too a level one time and big sells come in ,but they might not come in next time .

personally if the size comes in ,that tends to consolidate price ,then once the smaller size has filled the orders of the big dogs .
Which normally is us filling them lol.
Then its down to activity,as confirmation if t/s get faster moving down thats a good sign we are indeed moving down.
making green pips large and red pips small this is my goal.
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