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EURUSD

  • #521,661
  • Aug 12, 2011 9:31am Aug 12, 2011 9:31am
Quoting Purger
Morning Sofia
Hi)
  • #521,662
  • Aug 12, 2011 9:31am Aug 12, 2011 9:31am
Quoting vanyxster
buy@ 4233 target 4350
why 350?
Live trading since november '10 Demo since april '09
  • #521,663
  • Aug 12, 2011 9:31am Aug 12, 2011 9:31am
Quoting tonegawa
I still don't have that many trades, but I agree I have to use a more scientific approach.

For now, I'm just trying to exploit London and New York breakouts. But I don't have rigid rules to apply, yet

A scientist I never did to good at School
rat
  • #521,664
  • Aug 12, 2011 9:32am Aug 12, 2011 9:32am
The market is looking for direction now.

Any advice?
  • #521,665
  • Aug 12, 2011 9:32am Aug 12, 2011 9:32am
Quoting KumoDragon
How do you figure 15M is bottomed out?

To me it looks like it's mid top and just hitting some resistance around 4250
m15 does seem bottomed, but I think it will give in. long spikes drying demand on m5+bear flag forming on m1... at least that's what i see right now, so no trade here because of this conflict.
  • #521,666
  • Aug 12, 2011 9:32am Aug 12, 2011 9:32am
Quoting Venice
Exactly... depending on how PA is... sometimes even when being +20, you still risk the chance of BE knock out.

I prefer to let levels build themselves, then the stop is placed above / below the newly built cluster.
can you please post a chart reffering Stop ....levels build up.

thanks

AN"
  • #521,667
  • Aug 12, 2011 9:32am Aug 12, 2011 9:32am
4273 was rejected....damn....4050 now....
  • #521,668
  • Aug 12, 2011 9:32am Aug 12, 2011 9:32am
Quoting Venice
I'm fantastic...! Ready to get this day done and over with, get out of my job and get this weekend started!!

Haven't had a cocktail all week long... think my body is going into withdrawl. lol
LOL I just woke up ) This late nights killing me)
  • #521,669
  • Aug 12, 2011 9:33am Aug 12, 2011 9:33am
If we get a clean break thru 42...it may be on
  • #521,670
  • Aug 12, 2011 9:33am Aug 12, 2011 9:33am
Quoting mohan76
good morning
How are you?
  • #521,671
  • Aug 12, 2011 9:34am Aug 12, 2011 9:34am
Quoting rattyo
A scientist I never did to good at School
i bet u sucked...

outa here for the weekend.
  • #521,672
  • Aug 12, 2011 9:34am Aug 12, 2011 9:34am
Quoting tonegawa
I still don't have that many trades, but I agree I have to use a more scientific approach.

For now, I'm just trying to exploit London and New York breakouts. But I don't have rigid rules to apply, yet

Then you got to stop trading and start working on those rules. Open a demo account, use a simulator and get 1,000 trades in. Put them all on a spreadsheet and start finetuning it, then rinse and repeat, you want to do that at least 10-15 times before you can start using your strategy.

Most brokers have a few years of history available to you, trade it all and start building that trading history for you to work with.

Just having a go at London and NY breakout without having the statistical backup will never make you profitable, you are just wihishing and hoping you get lucky someday. That is not how to build a strategy.

I spend at least 6 months trying out new things, then finetune it for another 6-12 months, then open a small live account and trade it for another 6 months and finally after 2-3 years will I add it to my strategy once I am completey satisfied that it is robust and gives me a statistical edge I can exploit. That is the kind of time that is needed to build a strategy.
  • #521,673
  • Aug 12, 2011 9:35am Aug 12, 2011 9:35am
Quoting Mr Hatch
i bet u sucked...

outa here for the weekend.
Have a good one Mr. Try to stay out of trouble.
  • #521,674
  • Aug 12, 2011 9:35am Aug 12, 2011 9:35am
I believe he is refering to "John J. Murphy - Technical Analysis of the Financial Markets".

Its a good book. I read it twice but too stupid to understand fully. Will read the third time subsequently.

Quoting aldialdi88
where did you find Murphy's book?
The true fact is market doesn't care, risk mgt is important.
  • #521,675
  • Aug 12, 2011 9:35am Aug 12, 2011 9:35am
Quoting egkid
Wounder if i can get my daily average 150 ++ for today
Let's C
wheres your target eg? 200 or 140?

Quoting fontu
unable take short at 4285 last , breakout happened & watching it end again .
fontu
how's ur view now? bear/bull/neutral
Attached Image (click to enlarge)
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Verily, in every difficulties there is relief
  • #521,676
  • Aug 12, 2011 9:36am Aug 12, 2011 9:36am
Quoting sofia101
How are you?
had nice green day , now two time pressed wrong button, thinking about sidelining
Mohan
  • #521,677
  • Aug 12, 2011 9:37am Aug 12, 2011 9:37am
Quoting pkimnyc
you are gonna short this, you mean?
Hero calls followed by margin calls...
  • #521,678
  • Aug 12, 2011 9:37am Aug 12, 2011 9:37am
Quoting Anpips
can you please post a chart reffering Stop ....levels build up.

thanks

AN"
Can't do chart at the moment... but, take a look at this most recent down move on the M5. We've just created a new bear cluster, and my stops have now been moved to 4255 (ish). Which is the current high of the cluster.

Before that, I didn't have any stops in when I sold at 4280. It was simply a matter of if price closes above 4280, close the order (on retest). I would have lost spread + maybe 1 pip.

if-then-if-then-if-then-if-then-if-then. Leave emotions out of it.

It would be nice to be Vulcan for this business, wouldn't it??

http://elysee.files.wordpress.com/20...4-05-spock.jpg
  • #521,679
  • Aug 12, 2011 9:37am Aug 12, 2011 9:37am
I bet you were an engineer once...
Quoting cloggie
Then you got to stop trading and start working on those rules. Open a demo account, use a simulator and get 1,000 trades in. Put them all on a spreadsheet and start finetuning it, then rinse and repeat, you want to do that at least 10-15 times before you can start using your strategy.

Most brokers have a few years of history available to you, trade it all and start building that trading history for you to work with.

Just having a go at London and NY breakout without having the statistical backup will never make you profitable, you are just...
  • #521,680
  • Aug 12, 2011 9:38am Aug 12, 2011 9:38am
Quoting hkkhanus
goodluck!
enough room according to daily average , & number were ..lets just say not great ...watching dow now & i am not so happy with position, coin toss will see ...
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