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EURUSD

  • #496,321
  • Jul 21, 2011 8:43am Jul 21, 2011 8:43am
Quoting PhAnTi'
yammi yammi
and now I'm going to dinner...
Look Sharp/Trade Tight
  • #496,322
  • Jul 21, 2011 8:45am Jul 21, 2011 8:45am
I totally agree with you sisse. Unfortunately there is not ONE thing. I explained some more in a subsequent post....
Quoting sisse
I agree Attila. Without wanting to offend anybody here, you can recognize in which stage is a trader. Those who have a fetish obsession with what or how to calculate the exact level to the pip of the reversal/top/bottom (they shout at cloggie, gator, ptl, etc "please give me the exact number kind of posters") don't recognize that the key of success is not there but in when, which direction and how do you use them.

They can't see the forest for the trees and the longer it takes to recognize this the hardest the hurdle to pass....

In...
  • #496,323
  • Jul 21, 2011 8:45am Jul 21, 2011 8:45am
Quoting aldialdi88
Thanks, I ll take a look at that
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

he says ok a lot which becomes quite annoying, but the info is pure gold..
  • #496,324
  • Jul 21, 2011 8:45am Jul 21, 2011 8:45am
long 14170 sl +0
" Never let the past hold the future to ransom "
  • #496,325
  • Jul 21, 2011 8:46am Jul 21, 2011 8:46am
Quoting PhAnTi'
yammi yammi
I am not chicken to eat those things.... But we eat chicken so basically we all eat worms...somehow
Markets can remain irrational longer than you can remain solvent.
  • #496,326
  • Jul 21, 2011 8:46am Jul 21, 2011 8:46am
Quoting FibbinArchie
google sam seiden for info on supply demand zones, a very effective price action strategy, there's a whole archive of webinars on fxstreet...
Absolutely. And Redsword1 thread here on ff. Best for s/d trading.
  • #496,327
  • Jul 21, 2011 8:46am Jul 21, 2011 8:46am
Quoting Gleneagles
long 14170 sl +0

euro long closed 4/4 +200


sorry can`t share the strategy , learned it from another dude on the forum
" Never let the past hold the future to ransom "
  • #496,328
  • Jul 21, 2011 8:47am Jul 21, 2011 8:47am
Quoting motiurbd
I am not chicken to eat those things.... But we eat chicken so basically we all eat worms...somehow
that's a square in the marines...
  • #496,329
  • Jul 21, 2011 8:47am Jul 21, 2011 8:47am
Quoting Gleneagles
euro long closed 4/4 +200


sorry can`t share the strategy , learned it from another dude on the forum
way to go to clog up your inbox...
  • #496,330
  • Jul 21, 2011 8:48am Jul 21, 2011 8:48am
Quoting Gleneagles
long 14170 sl +0
your good dude, real good, funniest thing on this thread today...am in tears here....
Look Sharp/Trade Tight
  • #496,331
  • Jul 21, 2011 8:49am Jul 21, 2011 8:49am
Quoting Fx93
I don't have mt4, so don't have the fancy stuff lol.

Here's my basic strategy (which is similar to many):

I use the 50 and 200EMA to determine trend and as s/r levels. I also use the midline of the Bollinger band fibonacci levels indicator to do the same.

I then buy retracements on the trend. I optionally trade countertrend, but only when there's divergence.

The two indicators I use are stochastics 14,6,3 and RMI 10,5. I trade the 30m chart but look to the 5m and even the 1m for entry. The RMI 10,5 doesn't give as many false readings, i.e....
I used to have moving avg on my charts, but now all I have is Fibs and some trends, but i guess i have to look back into stochs, MAs, and others.

Thanks for sharing.
  • #496,332
  • Jul 21, 2011 8:50am Jul 21, 2011 8:50am
Quoting PayTheLimit
your good dude, real good, funniest thing on this thread today...am in tears here....
short 14399 sl +0
" Never let the past hold the future to ransom "
  • #496,333
  • Jul 21, 2011 8:50am Jul 21, 2011 8:50am
Quoting PhAnTi'
monthy looks really really ugly for bears atm

Attachment
I would say no one is keen on euro or usd longer term.... hence the looong whipsaw...
  • #496,334
  • Jul 21, 2011 8:50am Jul 21, 2011 8:50am
Quoting Gleneagles
short 14399 sl +0
lol, nice...
Look Sharp/Trade Tight
  • #496,335
  • Jul 21, 2011 8:51am Jul 21, 2011 8:51am
Quoting attila
Absolutely. And Redsword1 thread here on ff. Best for s/d trading.
not seen red around for a while, hope he's ok..
  • #496,336
  • Jul 21, 2011 8:53am Jul 21, 2011 8:53am
[quote=attila;4799822]How do I know?..... I don't. LOL. It just seemed like a reasonable level where the price will AT LEAST retrace. I am looking at the PA mostly where potential turning points may occur, but I also have a different set of charts that give me possible tops/bottoms. I am not looking at ONE time frame alone. I use ALL time frames. Usually the price starts showing weakness on lower time frames, 5 and 1 minute. When the price turns, it will show there first, and if it is sincere it will drag the higher TFs after it.... Now here's where most new traders are getting burned: They trade higher time frames (nothing wrong with that, to the contrary), BUT... they disregard the moves and the PA on lower ones. It all looks good at high level, and you enter a long and you feel good about it. However the M5 time frame just hit a resistance and it's now retracing (an M5 retrace can easily put you down 30 pips), and there's your SL being popped for the price to just reverse and go with your initial direction and hit your TP with you sitting there yelling at the monitor..... Anyway where was I? LOL.


Ok, you guys keep calling those levels and i kept thinking how do they know that's gonna be it and not the one above it since they are close to each other, and drawn from the top.
  • #496,337
  • Jul 21, 2011 8:53am Jul 21, 2011 8:53am
gotta go, wife is making me take here to dinner, I am going to get even with her by getting drunk........good luck, PTL...
Look Sharp/Trade Tight
  • #496,338
  • Jul 21, 2011 8:55am Jul 21, 2011 8:55am
Quoting FibbinArchie
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

he says ok a lot which becomes quite annoying, but the info is pure gold..
just added that to my fav. thanks
  • #496,339
  • Jul 21, 2011 8:55am Jul 21, 2011 8:55am
Quoting PayTheLimit
gotta go, wife is making me take here to dinner, I am going to get even with her by getting drunk........good luck, PTL...
enjoy....
" Never let the past hold the future to ransom "
  • #496,340
  • Jul 21, 2011 8:56am Jul 21, 2011 8:56am
Quoting PayTheLimit
gotta go, wife is making me take here to dinner, I am going to get even with her by getting drunk........good luck, PTL...

hehe, later mate
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