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EURUSD

  • #455,121
  • Jun 3, 2011 3:42pm Jun 3, 2011 3:42pm
Quoting johnnyrei
Guys - does anyone have this book?

Mark Ingebretsen - The guts and glory of day trading

Thx
???????? anyone?
  • #455,122
  • Jun 3, 2011 3:43pm Jun 3, 2011 3:43pm
Quoting johnnyrei
???????? anyone?
no, any good?
  • #455,123
  • Jun 3, 2011 3:43pm Jun 3, 2011 3:43pm
Quoting chazzle
Little scalp off Daily southbound - capped by 14648 APR 21 high to retest APR 22 / MAY 6 high 14590
scalped this idea a few times - now out - not risking on low vol. shark attacks
  • #455,124
  • Jun 3, 2011 3:45pm Jun 3, 2011 3:45pm
Quoting Spik
Current setup is strikingly similar to april-may 2011.

1st chart: Current setup in the last 3 days on 15 min
2nd chart: Setup in april-may 2011

Similarities:
- first indecided teritory
- then mighty fall to support line
- swift recovery and higher high
- phase of consolidation and another major push higher
- zigzagging on the top
- (in case of 2h chart) sheer drop.

One wonders if after zigzagging there comes another sheer drop in 15min chart too. On Monday, today the game is over.
what was the trigger for the sheer drop in 2ns setup april-may? Greece $hit news? or just a pure sell off at the top?
  • #455,125
  • Jun 3, 2011 3:47pm Jun 3, 2011 3:47pm
Quoting gatorinla
its funny you say that. i was looking at mapa.. and it has 4638.4
updating now. i take it your thinking h/s
wrong. 3738.4
those who can, do. those who cant, talk about those who can
  • #455,126
  • Jun 3, 2011 3:47pm Jun 3, 2011 3:47pm
Quoting Spik
Current setup is strikingly similar to april-may 2011.

1st chart: Current setup in the last 3 days on 15 min
2nd chart: Setup in april-may 2011

Similarities:
- first indecided teritory
- then mighty fall to support line
- swift recovery and higher high
- phase of consolidation and another major push higher
- zigzagging on the top
- (in case of 2h chart) sheer drop.

One wonders if after zigzagging there comes another sheer drop in 15min chart too. On Monday, today the game is over.
good eye, was looking at the same thing
Don't have an ego. Always question yourself and your ability.
  • #455,127
  • Jun 3, 2011 3:47pm Jun 3, 2011 3:47pm
Quoting sphinx8
what was the trigger for the sheer drop in 2ns setup april-may? Greece $hit news? or just a pure sell off at the top?
The trigger was no EU rate hike in June if i remember correctly.
  • #455,128
  • Jun 3, 2011 3:50pm Jun 3, 2011 3:50pm
Quoting rattyo
I´ve taken 3/4 of the trade for 50 pips profit now leave the rest you never know it may soar doubt it.
Not a particually good pair to trade at the moment with all sorts of dodgy news affecting it.

still got this one running 1/4. sometimes these ones are worth keeping
rat
  • #455,129
  • Jun 3, 2011 3:50pm Jun 3, 2011 3:50pm
Quoting TheGamer
i guess they're from USA. im still on a learner mode. its just 3 months of practice. Can't risk big amount without managing my account for 1 month at least. only after then i'll open a/c with 5000$ as my total budget was 10000$ for this business & have already spent around 4000$ including training, software etc. Bought a laptop only for this purpose as i use a desktop.

i created a demo a/c at Dukascopy but there's no MT4. its Jforex etc.
mbtrading is very good.. u can use their mt4 plat. has all u need.. u can even add new indicators if ud like... u can open an acct. w $400 50:1 .. and u have a demo acct. as long as u dont get all the money out ur demo will be expireless.. good spreads n they never give u shit n always help u out if u have any problems..

so far its been good for me.. so id recommend u try em..
i got a demo on dealbook360 (( gftforex)) ..they send alerts to my phone whenever they r triggered..spreads r good too n their charts work well..and they r very friendly as well..

wow man.. u spent 4k on training and software?.. cheesus n rice.... well.. next time u wanna get into something.. try lookin for free info online first.. in this case .. it is more valuable than any $$ course and whatnot.. **and obviously free** www.babypips.com www.informedtrades.com have good tutorials with all u need to know to begin ur journey... errything else.. u learn it thru practice((trial n error)), creating ur own strategy/system , and commin to useful forums like this one to see other opinions n perspective...
  • #455,130
  • Jun 3, 2011 3:50pm Jun 3, 2011 3:50pm
Quoting SirMcPip
Attached are 4 charts. EU MAs are now due to catch up with price. We also broke a weekly trendline which we will retest. In Sept. 2008, Dec. 2008 and Nov. 2009 there was supply at the levels just reached. We are currently working to reclaim the consolidation area of Dec. 2007 where we will have a switch from supply to demand due to the fundamentals driving this Euro rally. The. 38 Fibo Fib should meet the trendline in a few short weeks from where the uptrend shall resume. Targets for this consolidation 1,3900-1.400 max. Then 1.50, 1.60 and 1.86....
Chart no.4 says it all. Regaining the consolidation level of 12/07 thru 01/08 is what its all about...comparing past selloffs with this one should clear the picture...unless the mind is fogged up! No bear market in 2011, no way!
  • #455,131
  • Jun 3, 2011 3:51pm Jun 3, 2011 3:51pm
Quoting Spik
The trigger was no EU rate hike in June if i remember correctly.
so this time we will keep zigzagging in upward motion untill some strong enough trigger to shoot it down big.
  • #455,132
  • Jun 3, 2011 3:52pm Jun 3, 2011 3:52pm
Quoting FibbinArchie
no, any good?
yup! i heard only great reviews...
  • #455,133
  • Jun 3, 2011 3:52pm Jun 3, 2011 3:52pm
Quoting SirMcPip
Chart no.4 says it all. Regaining the consolidation level of 12/07 thru 01/08 is what its all about...comparing past selloffs with this one should clear the picture...unless the mind is fogged up! No bear market in 2011, no way!
say did you ever get long under 1.40 mate, hope you did...
Look Sharp/Trade Tight
  • #455,134
  • Jun 3, 2011 3:52pm Jun 3, 2011 3:52pm
Quoting TheGamer
Hi Marcus lol how you know im from India? i guess i never mentioned that before

with 200$ i started with .02 & after it reached 250$ i started playin @.05
when last time i deposited 250$ i guess i tried .10 & was doing well unless that S/L T/P thing started.

@ Mercy Seat :

You're right! after mid of May im making wrong trades. Result of the negativity caused by my broker.

Tell me about some reliable broker who does not bend their rules in small a/c. i just want to check myself if i can manage to withdraw profit after one month....


Hi Vishal,

I only took a look in your profile and there it is: India LOL

Initial deposit at Dukascopy is 1000 USD. And you have to take care that your equity does not drop below 500sFr. If it is to long below that amount Dukascopy can close your account and take the money.

If you like to open an account at Dukascopy register via www.molecule6.com as introducing broker. Via this way you get 45% of your paid commission back.

Maybe you go back to Demo-trade for a while and look if you are able to tripple your account. No need to burn your valuable money prematurely. Important: keep demo trading as it were live trading.

Dewmo accounts most of the time have 100.000 USD. With this kind of money it is relatively easy to make money. At some brokers you can define the starting amount of your demo equity. Choose the lowest one.

And take only 0,01 Lot for every 100 USD equity. Sometimes it can be up to 0,03, but that should be the exceptional. High leverage is suicide.


Best to you,

Markus
  • #455,135
  • Jun 3, 2011 3:54pm Jun 3, 2011 3:54pm
Quoting gatorinla
back in s 41.
just hit the exit button.. 41.2
those who can, do. those who cant, talk about those who can
  • #455,136
  • Jun 3, 2011 3:55pm Jun 3, 2011 3:55pm
Quoting PayTheLimit
say did you ever get long under 1.40 mate, hope you did...
PTL...unfortunately didnt get the opportunity to add a few longs at 1.3920 as i had planned. Price never got there. Was the max short target i was expecting.
  • #455,137
  • Jun 3, 2011 3:57pm Jun 3, 2011 3:57pm
Quoting gatorinla
wrong. 3738.4
lol thats look more like it
  • #455,138
  • Jun 3, 2011 3:57pm Jun 3, 2011 3:57pm
Quoting SirMcPip
PTL...unfortunately didnt get the opportunity to add a few longs at 1.3920 as i had planned. Price never got there. Was the max short target i was expecting.
sorry to hear that, better luck on the next one brother...
Look Sharp/Trade Tight
  • #455,139
  • Jun 3, 2011 3:57pm Jun 3, 2011 3:57pm
Quoting infinitus
Hi Vishal,

I only took a look in your profile and there it is: India LOL

Initial deposit at Dukascopy is 1000 USD. And you have to take care that your equity does not drop below 500sFr. If it is to long below that amount Dukascopy can close your account and take the money.

If you like to open an account at Dukascopy register via www.molecule6.com as introducing broker. Via this way you get 45% of your paid commission back.

Maybe you go back to Demo-trade for a while and look if you are able to tripple...

Genau ! ! !

Well said so ...

There is nothing left to mention ...



2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #455,140
  • Jun 3, 2011 3:58pm Jun 3, 2011 3:58pm
Quoting sphinx8
so this time we will keep zigzagging in upward motion untill some strong enough trigger to shoot it down big.
Sure, might be, but on the other hand, EURUSD often finds triggers when least expected.
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