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  • #468,621
  • Jun 21, 2011 9:41pm Jun 21, 2011 9:41pm
Quoting kenfen69
Well...

Sure java is safe...if you trust the source. I've never had a problem with it, but I wouldn't run something blind. Trust your source! I've had WAY more problems with flash in the past...and I don't mean pR0n sites! Java has come on leaps and bounds...owned by Oracle now, too...solid company.

I run dedicated trading machines, though too. I don't even Forex Factory from my trading machines. When I post a chart...it has gone from a trading rig...onto an Apple Time Capsule...then posted from an "open" internet machine.

Sorry...blabbing....
hmmm... ok if you say so then i'll trust it & about trading...i'll manage that from my laptop in future.
Hope
  • #468,622
  • Jun 21, 2011 9:45pm Jun 21, 2011 9:45pm
I have a general question for all you veterans here. For those of you that employ automated systems, how much do you use them against your own discretionary trades? Do you perform minor hedging operations or cancel positions altogether?
  • #468,623
  • Jun 21, 2011 9:47pm Jun 21, 2011 9:47pm
Quoting kenfen69
Whatever it gives.

No solid conviction on my part...any way the wind blows. Wouldn't marry this pair right now at all...not even Vegas style. I still have a long term short running...but that surely has no place in the question you've asked.

What's your plan?
thats cool. GL w/ your shorts. I've bought several times at recent lows and holding.

GL!
  • #468,624
  • Jun 21, 2011 9:47pm Jun 21, 2011 9:47pm
Quoting Fx93
This is what I do, I'd love to trade higher time frames if I was confident they would keep being profitable... I use MACD and slow stochastics 14,6. Any indicator you recommend?

I look at the 1m, 4m, 20m, 1hr, 4hr, day, week simultaneously.
Have used a ton of indicators and different systems. Magix thread offers a pretty dang good start to what I am using. I have modified it and my screen to suite my taste and style, but the key indicators are there for the taking.

My efforts are centered around further education of myself and others. I try not to recommend or direct anyone. Your new so my advice is to sit back and follow the guys that know something.

Gator, Magix, Cloggie, Nanningbob, Stevehopwood et. al.. most of them have lost and then made more in the market than I ever will.
  • #468,625
  • Jun 21, 2011 9:56pm Jun 21, 2011 9:56pm
Quoting 17121712
I personally think the 1H chart is by far the most coherent on all currency pairs but there are plenty of people who like trading as low as the minutely.
Depending on what you see in a trend or what levels you call profit...

All charts typically look and trade the exact same.

Supports and resistance look the same and trade the same, and even the hourly can be choppy and cause some cornfusion.

Hammering the fast in addition to playing the longer terms can add a few more shekles to the shake and keeps ya a little more awake...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #468,626
  • Jun 21, 2011 10:01pm Jun 21, 2011 10:01pm
4hr says down, but we are yet to see some serious pa
Lets Soar The Sky
  • #468,627
  • Jun 21, 2011 10:01pm Jun 21, 2011 10:01pm
Quoting CUtiger95
Magix rescued me some months ago from trading big time frames.

I mainly trade intraday based on the 1 min and 5 min timeframes. I try to make sure that I am using the hourly and 4 hr trend directions to verify which way I am going. Guess you would call me a technical-scalper if nothing else.
Trying to bite my tongue...and not cross an offensive religious line here, but...

You've been rescued...SAVED...by a good one. Mag knows his way through all this shit. Stick close to him...and grasp what he gives.

I run three different style accounts. My "long term" one is where I try to out perform my pension fund. It is the one that disappoints the most; not because I fail...but because I usually make in a month, what they will make in a year...and under REALLY low risk trades! Past couple years they have LOST me money. Keeps getting more and more awkward when I go to my bank(s) for an annual review of what they have done with my money. I don't tell them about what I have done, because...hey...everyone should feel good about what they do...I guess.

Anyway...the bulk of my coin comes from the same way you describe yourself. I sit down...usually in two to four hour patches...and try to tear it asunder! I'm pretty good at it. Been at it a while...know what is going on. Get "Iggy PooooPed" from Mercy Seat here...odd smack on the chin from cloggie. If they were paying my bills...or I was paying theirs...I might care, but...

All is good in my hood. Only advice to give...stay as close to Mag as possible...try and get closer if he'll let you.

All the best, mate!

Ken
  • #468,628
  • Jun 21, 2011 10:04pm Jun 21, 2011 10:04pm
Quoting Magix
Hammering the fast in addition to playing the longer terms can add a few more shekles to the shake and keeps ya a little more awake...

Its like a headboard in a hotel!
  • #468,629
  • Jun 21, 2011 10:07pm Jun 21, 2011 10:07pm
Quoting CUtiger95
Have used a ton of indicators and different systems. Magix thread offers a pretty dang good start to what I am using. I have modified it and my screen to suite my taste and style, but the key indicators are there for the taking.

My efforts are centered around further education of myself and others. I try not to recommend or direct anyone. Your new so my advice is to sit back and follow the guys that know something.

Gator, Magix, Cloggie, Nanningbob, Stevehopwood et. al.. most of them have lost and then made more in the market than I...
Ok thanks, I'll look into it.
  • #468,630
  • Jun 21, 2011 10:07pm Jun 21, 2011 10:07pm
Quoting PipPipPip
thats cool. GL w/ your shorts. I've bought several times at recent lows and holding.

GL!
Good stuff, mate. Plenty of good buy ops there. Glad you grabbed some!

That is one cute child in your avatar. Yours?

A hair do just like my brother-in-law's!
  • #468,631
  • Jun 21, 2011 10:09pm Jun 21, 2011 10:09pm
Quoting kenfen69
Trying to bite my tongue...and not cross an offensive religious line here, but...

You've been rescued...SAVED...by a good one. Mag knows his way through all this shit. Stick close to him...and grasp what he gives.

.....

All is good in my hood. Only advice to give...stay as close to Mag as possible...try and get closer if he'll let you.

All the best, mate!

Ken
Guessing that's the first time Mag has been mistaken for the messiah...

No probs and religion issues and crossing that line don't affect me a whole lot. Also I agree, my experience over the last year has outperformed every other investment that I have, and I still don't have a clue to what I am doing.

Good luck and it's off to bed for me.
  • #468,632
  • Jun 21, 2011 10:11pm Jun 21, 2011 10:11pm
Quoting CUtiger95
Guessing that's the first time Mag has been mistaken for the messiah...

No probs and religion issues and crossing that line don't affect me a whole lot. Also I agree, my experience over the last year has outperformed every other investment that I have, and I still don't have a clue to what I am doing.

Good luck and it's off to bed for me.


hehehehehehehe

gl
  • #468,633
  • Jun 21, 2011 10:13pm Jun 21, 2011 10:13pm
Quoting Magix
Depending on what you see in a trend or what levels you call profit...

All charts typically look and trade the exact same.

Supports and resistance look the same and trade the same, and even the hourly can be choppy and cause some cornfusion.

Hammering the fast in addition to playing the longer terms can add a few more shekles to the shake and keeps ya a little more awake...

Yep. A candle stick is a candle stick is a candlestick. I use the exact same strategy I use on the daily as I use on 5 or 15m, only thing that changes is the pips risked/pips obtained, oh, and time.

Personally for me... I scalp every once in a while when Asia is playing nice... but Daily chart is my bread and butter... Almost always in a position one way or another.

I miss out on a lot of potential would be opportunities thanks to the oscillations of price that happen on a daily basis... but meh... who needs it really. You don't need a lot of pips on a daily basis to make a good living... and provided you don't make a bone head entry move... and price is playing nice... 50-150+ pip gains a day is not uncommon (per currency, of course).

And... I don't have to stare at charts all day... that is a big bonus for me... Can do my job during the day, adjust some orders at night, and drink many cocktails!! Woot.

Cheers Magix... hope trading is going well tonight so far...
  • #468,634
  • Jun 21, 2011 10:13pm Jun 21, 2011 10:13pm
Quoting sparkziv
long EU at 1.4220, TP at 1.4429
will sell EU at 1.4485 and buy at 1.4324
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  • #468,635
  • Jun 21, 2011 10:18pm Jun 21, 2011 10:18pm
It's actually kind of funny. I have never traded the London session before. Ya'll bounce price around a wee bit to fast for me. lol
  • #468,636
  • Jun 21, 2011 10:26pm Jun 21, 2011 10:26pm
Hi,

Currently, I am still holding my longs on EUR @ 1.4230, since the dip towards 1.4000+ I have remained slightly bullish. Previously I have stated that I expect buyers on 1.3950 – 1.4050, so I’m not very sure the dip down was considered a test of that level.

Yesterday I also stated that I expect some sellers to come in around 1.4350-1.4380 although I shall still remain bullish. EUR had a high of around 1.4430+. Is it considered a break of that level? Ain’t sure, gonna keep monitoring to confirm trend. However, as of now I would still remain bull and pick possible dip.

This morning I hedge my long position with some shorts on 1.4388. Currently EUR is doing @ 1.4368. I might release this hedge and turn to add more longs. Will have to see how price move.

Still no time to go and code my basket currency algo. I need more time… So many things to complete on my task list… -.-

Cheers and trade well,
Clairvoyant
  • #468,637
  • Jun 21, 2011 10:26pm Jun 21, 2011 10:26pm
Quoting Venice
It's actually kind of funny. I have never traded the London session before. Ya'll bounce price around a wee bit to fast for me. lol
Even still...not once?

Been playing it less and less myself recently, but if ToYo is going back to this kind of range??? May have to strike up that band again to get my fill.

Won't be so bad, though...west coast...midnight instead of 3:00 am!
  • #468,638
  • Jun 21, 2011 10:27pm Jun 21, 2011 10:27pm
Quoting Venice
Cheers Magix... hope trading is going well tonight so far...
Always good dude...

Watching to see if Chino closes their gap on the bounce for the 15m support or if we wanna break back into positive turf on the daily trend EMA...

Price well below daily roll, but how many days do we see the buy back on a weak sell atr...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #468,639
  • Jun 21, 2011 10:28pm Jun 21, 2011 10:28pm
Quoting sparkziv
will sell EU at 1.4485 and buy at 1.4324
Seems reasonable.

With a candle, I hope?
  • #468,640
  • Jun 21, 2011 10:31pm Jun 21, 2011 10:31pm
Quoting CUtiger95
Guessing that's the first time Mag has been mistaken for the messiah...
Not to seem to far outa bounds here, but I have been known to have the words, "Oh God", echoing down the hallways....


Typically followed by, "Leave me alone"
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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