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Trading Major Lines

  • #1,061
  • May 17, 2011 8:34pm May 17, 2011 8:34pm
I've been watching nzdusd as it played around a major line
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  • #1,062
  • May 17, 2011 11:49pm May 17, 2011 11:49pm
Quoting JoelD
Whats an Iggy??
Hi Joel,
If you do not like to read someone's posts, you can bar their post from appearing on your page. This can be done by visiting the profile of the said person and clicking on the "Ignore this person....." button on the left-side bottom.
This simplifies life and is a harmless way of not reading some posts. If people had dome this y'day, it would have saved all of us a lot of time and not hurt the poster as well.

More Pips !
  • #1,063
  • May 18, 2011 1:02am May 18, 2011 1:02am
Quoting nomask
welcome tradista..
Imho demoing is the most important period..Because it gives you so many important information that you'd need to shape your trading method like money management,risk/reward ratio,etc as well as the idea if you'd be a succesful trader..
I say 3-6 months of succesful demo very necessary and after that,at least 6 months of succesful trading of a small account.and finally you're good to trade in a more professional way..
Many thanks for your very appreciated feedback, Nomask.

I am also using a third-party testing software that I can turn to for practice after major market hours (because I have a full-time job and am located in Europe, I can only usually trade the last couple hours of the US session, when volatility has refrained).

I expect this to cut a bit the learning curve and maybe be able to trade live in a couple months. We'll see.
  • #1,064
  • Edited 7:28am May 18, 2011 7:00am | Edited 7:28am
Quoting nomask
I closed my position with over 1000 pips profit and now I have short at nzdusd from last week with about 100 pips unrealized profit..
Hi no mask
Thank for your answer my question and congratulate your E/U successfull trade.
I wonder how and when you decided to close that position (when you have time). I dont want to be curious but want to learn more from your analysis.
  • #1,065
  • May 18, 2011 7:54am May 18, 2011 7:54am
Quoting nomask
...Honestly there is no difference between a break even trade and a +100 pips open position..they both mean free ride to me..
Nomask, I understand what you are saying but at the moment, it is emotionally impossible for me to agree with you...

Hopefully I'll get to that level of "abstraction" by learning your method
  • #1,066
  • May 18, 2011 1:34pm May 18, 2011 1:34pm
Just For My Friends
Right now pair is going down (1.4225) but i see E/U for 1.4346 if again 1.4250 breaks.
and If 1.4187 breaks it goes towards 1.4119
Just check my signals with your experience then decide, please,
  • #1,067
  • May 18, 2011 5:21pm May 18, 2011 5:21pm
Nomask,
What do you do when PA flies around the major number for some time and doesn't seem to take a clear direction or you have been stopped out because it retraced back to your entry price? If prices stays around the "open" zone, do you keep trying to enter and risk being stopped out again (maybe several times if market says so) until it finally moves or do you just forget about the move? In that case, what would be the procedure (go back to W1 then H4 then M5 again)? Could you post a chart that shows this ?
Thank you.
  • #1,068
  • May 18, 2011 7:29pm May 18, 2011 7:29pm
Quoting born4forex
Hi no mask
Thank for your answer my question and congratulate your E/U successfull trade.
I wonder how and when you decided to close that position (when you have time). I dont want to be curious but want to learn more from your analysis.
here is where I closed my position.any position over 1000 pips should be managed seriously and not be wasted at all..sometimes I take 500 pips profit if I believe there is a high chance for main direction to be changed.
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  • #1,069
  • May 18, 2011 7:35pm May 18, 2011 7:35pm
Quoting tradista
Nomask,
What do you do when PA flies around the major number for some time and doesn't seem to take a clear direction or you have been stopped out because it retraced back to your entry price? If prices stays around the "open" zone, do you keep trying to enter and risk being stopped out again (maybe several times if market says so) until it finally moves or do you just forget about the move? In that case, what would be the procedure (go back to W1 then H4 then M5 again)? Could you post a chart that shows this ?
Thank you.
In that case I just watch it until it gives me another price action.But most of the time you just need to check other pairs for a new setup..
like what happened in nzdusd and eu..I could not find any opportunity to trade eu these days but I could establish a position with nzdusd in the meantime which is about to end at b.e in the next couple 4hrs though.
sooner or later market shows you its hand in a clear way.if its not this pair then its that pair.
  • #1,070
  • May 18, 2011 7:45pm May 18, 2011 7:45pm
update on kiwi.
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  • #1,071
  • May 19, 2011 2:21am May 19, 2011 2:21am
Long on USDJPY @81.20 SL@BE.
Not the perfect entry, but still in the "entry zone".
So far so good
  • #1,072
  • May 19, 2011 2:50am May 19, 2011 2:50am
Quoting nomask
here is where I closed my position.any position over 1000 pips should be managed seriously and not be wasted at all..sometimes I take 500 pips profit if I believe there is a high chance for main direction to be changed.
This is a very important topic that I believe hasn't been discussed yet in the thread. Thanks for sharing this Nomask and good question born4forex!
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,073
  • May 19, 2011 3:10am May 19, 2011 3:10am
Quoting Tania
Just For My Friends
Right now pair is going down (1.4225) but i see E/U for 1.4346 if again 1.4250 breaks.
and If 1.4187 breaks it goes towards 1.4119
Nice call Tania, wish i read this post earlier .
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,074
  • May 19, 2011 3:43am May 19, 2011 3:43am
Quoting nitrate73
Nice call Tania, wish i read this post earlier .
HELLO Guys Bystanders ! To get the full benefit, join the Gang ! You will see some nice timely suggestions and the insight is different from other threads !

Your comments will enrich the thread and that is how consensus finds solutions to all problems incl," where is Pound going ?"
  • #1,075
  • May 19, 2011 3:45am May 19, 2011 3:45am
Of course we are focusing on EU but there is a good oppertunity for EurGbp
The best Level for opening Sell Position:
Sell Position=0.8817 or 0.8810
S/L=0.8830
T/P1=0.8778
T/P2=0.8756
T/P3=0.8739
T/P4=0.8719
Just check my signals with your experience then decide, please,
  • #1,076
  • May 19, 2011 10:03am May 19, 2011 10:03am
Quoting Tania
Just For My Friends
Right now pair is going down (1.4225) but i see E/U for 1.4346 if again 1.4250 breaks.
and If 1.4187 breaks it goes towards 1.4119
Tania, not trying to create a snow ball here, but I consider that if you want to contribute and help others, it is much better to explain what and how you do things, other than provide signals. People is much better off understanding concepts other than following a signal. Learn how to fish instead of being feed with fish.

I would be extremely interested in knowing how to come up with your levels.

Thanks and best regards,
  • #1,077
  • May 19, 2011 10:19am May 19, 2011 10:19am
Quoting cfabian
Tania, not trying to create a snow ball here, but I consider that if you want to contribute and help others, it is much better to explain what and how you do things, other than provide signals. People is much better off understanding concepts other than following a signal. Learn how to fish instead of being feed with fish.

I would be extremely interested in knowing how to come up with your levels.

Thanks and best regards,
This has all been said before but apparently it did not get through to her...
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,078
  • May 19, 2011 10:58am May 19, 2011 10:58am
Quoting Tania
Of course we are focusing on EU but there is a good oppertunity for EurGbp
The best Level for opening Sell Position:
Sell Position=0.8817 or 0.8810
S/L=0.8830
T/P1=0.8778
T/P2=0.8756
T/P3=0.8739
T/P4=0.8719
I'm sorry but what good is this information for? In what way can this help others learn to become proficient at trading ? I notice in your profile that you wrote "follow me"... are you looking for followers ? Could you elaborate on what you are trying to achieve by posting this way in a thread that is specific to a particular system ? I don't really understand the purpose of this data, in regard to Nomask's method.
  • #1,079
  • May 19, 2011 12:45pm May 19, 2011 12:45pm
Quoting tradista
I'm sorry but what good is this information for? In what way can this help others learn to become proficient at trading ? I notice in your profile that you wrote "follow me"... are you looking for followers ? Could you elaborate on what you are trying to achieve by posting this way in a thread that is specific to a particular system ? I don't really understand the purpose of this data, in regard to Nomask's method.
I think nomask replied to all of traders like you. But if you want to think this way ok go ahead if you think i am looking for selling signals or followers that's ok you don't buy , but if i wanted to find some followers i opened a thread.
Whenever you can explain a technical way and suggest some signals to touch one of your profit level then write about others.
Just check my signals with your experience then decide, please,
  • #1,080
  • May 19, 2011 12:53pm May 19, 2011 12:53pm
Quoting cfabian
Tania, not trying to create a snow ball here, but I consider that if you want to contribute and help others, it is much better to explain what and how you do things, other than provide signals. People is much better off understanding concepts other than following a signal. Learn how to fish instead of being feed with fish.

I would be extremely interested in knowing how to come up with your levels.

Thanks and best regards,
You are learning nomask system and according to fibo level and candle formation i am writing my idea about Market direction for my friends, also it's redundant to repeat those things and it's better you ignore signals and keep on your way, please.
Just check my signals with your experience then decide, please,
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