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EURUSD

  • #473,901
  • Jun 28, 2011 5:52am Jun 28, 2011 5:52am
Quoting Jackthepiper
Been reading through the past couple of papers and Idk Why people think they can predict the collapse of the euro. I understand the numerous problems coming from the euro-zone but I still don't believe someone's fundamental analysis will predict the end of the euro. I've noticed a trend and it's something like this;....
The Euro and dollar were around before we were born and will probably be around after we're death...
Well mate I don't know your case, but I was born before 2002 so no Euro in that time ...

In any case, agree in general with that. Boomers and doomers are part of the business, not only in forex but all markets. They are there making noise and non sense but they serve as good strength gauge of a trend. The louder they are the stonger the trend will hold (against their shouts)...when there is silence thats when it gets dangerous and is time to pay attention for a burst or a reversal up....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #473,902
  • Jun 28, 2011 5:53am Jun 28, 2011 5:53am
+ 67 ( 6 X 12 ) -5

Calling it a day ....

It is slow today..at least the levels are respected

I am often asked why I don`t target 50 or 100 pips rather than just a measly 12 pips per trade.

If I know in advance at the beginning of a trading session whether it will be a trending or a ranging day , I will set my TP accordingly.

It is easy at the end of the day to say..WOW you should have left the trade to run...

I don`t care whether the market is trending or ranging , I trade in a narrow range...my aim is to take 12 pips from a 20 pip "block . There are enough 20 pip "blocks" in a trading day to take your fair share.
I don`t want the bakery , I will settle for a few slices of the bread. If I am consistent , I will eventually own the bakery
In any event...trade within your comfort zone , it is your money/risk.

Going for long lunch now...

GL
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 28 12.32.jpg Size: 106 KB
" Never let the past hold the future to ransom "
  • #473,903
  • Jun 28, 2011 5:54am Jun 28, 2011 5:54am
[quote=AllyB;4732206]
Quoting Gleneagles

your done for the day? sure you got enough in the beer fund. just want to make sure you don't run out you know
LOL beer fund is always under pressure
" Never let the past hold the future to ransom "
  • #473,904
  • Jun 28, 2011 5:57am Jun 28, 2011 5:57am
Quoting johnnyrei
Archie - please - do me a favour- change your avatar with 3 stripes for this one:
What's that?

Chinese sandals?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #473,905
  • Jun 28, 2011 5:58am Jun 28, 2011 5:58am
Hello guys,
I took two sell setup on EURUSD at 1.4260 TP1 1.4100 TP2 1.4000...

You can see analysis here
Inserted Video



Feel free to comment and of course trade safe

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #473,906
  • Jun 28, 2011 5:58am Jun 28, 2011 5:58am
[quote=Dayboy001;4732209]Hi Gleneagles,

Cheers for that.

Thank you for the strategy, I have been following your strategy and posts for a while, I am only demoing the system at the moment and my levels don't seem to always/ at all line up with yours but I seem to be having success with it, so long may it continue.

I am not sure if you use it for GBP but I have tried to adapt it for that, time will tell as to whether that is wise or not.

I think it takes a bit of knowledge to decide when to enter and when not to, I seem to be O.K. on that (at the moment, only a few days I know) but do you have any advise or guidlines that you use?

I generally play the 8am break then stay out and let the dust settle and then look for good opportunities after that, then try to be out pre US open(just happens to be lunch time) and then maybe catch a few afterwards.

Thanks again.

I do trade GBP with range 30 pips and TP 18-20 pips. EU is a bit easier to trade in general.

Best advice is to aim for a low(reasonable) pip count per day/week and aim for consistency rather than brilliance. You can compound consistency to a brilliant level in no time at all
" Never let the past hold the future to ransom "
  • #473,907
  • Jun 28, 2011 5:58am Jun 28, 2011 5:58am
Quoting MitchWorse
Anyone got any good books about that? From university or so?
For my weekend reading :nerd:
recommended text -

http://www.amazon.co.uk/Extraordinar...9258684&sr=1-1
  • #473,908
  • Jun 28, 2011 5:59am Jun 28, 2011 5:59am
[quote=Gleneagles;4732228]
Quoting AllyB

LOL beer fund is always under pressure
aint that the truth...
Look Sharp/Trade Tight
  • #473,909
  • Jun 28, 2011 6:00am Jun 28, 2011 6:00am
Quoting mercy seat
What's that?

Chinese sandals?
lol, pretty boy shoes...
Look Sharp/Trade Tight
  • #473,910
  • Jun 28, 2011 6:01am Jun 28, 2011 6:01am
anyone care to comment on the last hourly candle please??
  • #473,911
  • Jun 28, 2011 6:02am Jun 28, 2011 6:02am
still no worms....blimey
Look Sharp/Trade Tight
  • #473,912
  • Jun 28, 2011 6:03am Jun 28, 2011 6:03am
Quoting dimlat
anyone care to comment on the last hourly candle please??
in a word...crap
Look Sharp/Trade Tight
  • #473,913
  • Jun 28, 2011 6:04am Jun 28, 2011 6:04am
Quoting dimlat
anyone care to comment on the last hourly candle please??
New low, no new high, weak bullish close....ready to go down
Now if you compare it to the previous block of candle, short is the way to go

Intraday tp are 1,4200-10 and 1,4160-70 for me
COT: The precious data ignored
  • #473,914
  • Jun 28, 2011 6:05am Jun 28, 2011 6:05am
Quoting mercy seat
What's that?

Chinese sandals?
Made in Italy...
  • #473,915
  • Jun 28, 2011 6:06am Jun 28, 2011 6:06am
Quoting dimlat
anyone care to comment on the last hourly candle please??
long legged doji (not a perfect doji mind, but close enough), indicates indecision and potential reversal of trend, break of high/low and close of the following candle is usually a key directional indicator, watch for false breaks and rejection wicks...

http://www.candlesticker.com/Cs11.asp
  • #473,916
  • Jun 28, 2011 6:07am Jun 28, 2011 6:07am
Guys - can someone post me a volumeindicator for meta trader 4? Thx
  • #473,917
  • Jun 28, 2011 6:10am Jun 28, 2011 6:10am
Quoting johnnyrei
Guys - can someone post me a volumeindicator for meta trader 4? Thx
...
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 263 downloads
  • #473,918
  • Jun 28, 2011 6:10am Jun 28, 2011 6:10am
Quoting johnnyrei
Guys - can someone post me a volumeindicator for meta trader 4? Thx
enjoy...
Attached Image
Look Sharp/Trade Tight
  • #473,919
  • Jun 28, 2011 6:12am Jun 28, 2011 6:12am
Quoting Petar_Serbia
Hello guys,
I took two sell setup on EURUSD at 1.4260 TP1 1.4100 TP2 1.4000...

You can see analysis here http://www.youtube.com/watch?v=1f6ovynPcp4


Feel free to comment and of course trade safe

Cheers
Petar
do you mind posting your SL's also, thnks PTL...
Look Sharp/Trade Tight
  • #473,920
  • Jun 28, 2011 6:12am Jun 28, 2011 6:12am
Quoting T@rantula
Ofcourse scaled in close to s/l. Thou not a big position.

Still short biased. Playing out a negative reversal.

Attachment
+50 pips ATM holding it.
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