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EURUSD

  • #528,221
  • Aug 19, 2011 12:41pm Aug 19, 2011 12:41pm
Quoting OldQuant
Honestly, a, as experienced as you are, they probably work against you, IMO. In automation, they have to be used.
Oldquant, if I may ask what broker or platform are u using for your mechanical systems.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #528,222
  • Aug 19, 2011 12:45pm Aug 19, 2011 12:45pm
Quoting fontu
Retaken long to see 4402.continued down ,so at & below .

fontu
Trapped & so handle with care , watching 4378 breaks or not for limt down again 4351 possible .this is risky scalping .
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #528,223
  • Aug 19, 2011 12:46pm Aug 19, 2011 12:46pm
Quoting kbmoonshinex
you are forex guru . i fellow your signals everytime . nice
magic and cloggie have some wealth to share. if some of these clowns can get past talking.. and just listen.. if you dont understand re-read.. build the chart.. figure it out.. they got the same charts as you,, play with them.. you may find something we don't c. magic has some times of closes and reactions you should learn.. cloggie has some good b/o and tp levels. figure out what they are doing.. there are others.. to be honest.. i don't read it all.. if your not learning .. your wasting your time and money..
those who can, do. those who cant, talk about those who can
  • #528,224
  • Aug 19, 2011 12:52pm Aug 19, 2011 12:52pm
Quoting attila
I agree with you. I tried what everybody is talking about. This is not the first time.... It just doesn't work out for me.
Another thing that's very real, and works against stops in forex, as opposed to, say, a lot of futures markets, is the tendency for what legends call "stop runs."

Maybe those really are caused by evil traders ordering "buy," sucking up the retail's stops, and then dumping them out at the top to the new set of retailers who are now buying the "breakout." Or maybe they're caused by Walmart or Catapillar or Boeing taking down an 8 figure forward rate agreement that hit the market all at once. The effect is the same: spikes that are meaningless to the actual market "signal" direction that cause stops to get hit a he!! of a lot more often than they should.
  • #528,225
  • Aug 19, 2011 12:54pm Aug 19, 2011 12:54pm
Yes ... we did sell at 1.44477 as well ... as you can see ...


Quoting mercy seat
Anyway ... my last scalp has been short 1.44477 in EU ...

Very small amounts only ... TGT open ... or maybe prior to close of the day ...

Maybe stop above 1.4465 ...


;-|

But now it has nearly nothing ...


Quoting mercy seat
Okay ...

My last "so-called" scalp has been proven as being another nice trade ...

Closed it now at 1.43913 with another reversal order ...

Result more than 50 points again ...

And I will close my books very soon now ...

Reversals closed as well at 1.42980 ...

Ende Gelände ...

Zeit für ein wenig Hühner zählen und andere Arbeiten ...



;-|

The market is nearly dead and overdone ...

All they do play ... that is a little bit that NYSE thingy ...

If NYSE counts down a few points ... then EU does as well ... and vice versa ...

And if NYSE play it up again a little bit ... which is easily possible ...

Na schön ... dann ebent wieder höher ...

Then they will lift EU as well a little ...

But overall no big deals now anymore ...

The market is dead now ... and now there are only the dead ones in this market ... or those who are forced to do so ... because they have slept all day long before ... and missed the major business ...

Or those who are engaged with real long time frame positions prospective ... real position traders ...

But real position traders don't talk that much in a forex forum ...

All that counts now is our beloved daily and weekly closing when NY and Chicago has closed its doors and floors ...

Alles andere hat überhaupt gar keine Relevanz ! ! !



;-|
Attached Image (click to enlarge)
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #528,226
  • Aug 19, 2011 12:54pm Aug 19, 2011 12:54pm
Quoting egkid
Don't b in rush , New week new trading chance
I locked my profit and let only this position run before day end depends on move of PA i might close
I need some advice.

During friday i made quite some nice profit, but i have one ongoing loss from 1.4320 and i want to close it when it hits 1.4360 If it would hit today i would close it, as i dont want to leave it opened for weekend.

a) Should i cut it now?
b) Should i set TP to 1.4360
c) Should i leave it open and wait EURUSD to hit 1.4360 or lower next week? My account will hold it without issues. It utilizes only 1/14 of my account at the moment.

Thanks in advance for help!
  • #528,227
  • Aug 19, 2011 12:56pm Aug 19, 2011 12:56pm
Quoting sisse
Oldquant, if I may ask what broker or platform are u using for your mechanical systems.

sisse
Interactive Br0ker's API (not FIX) Gateway, with proprietary (i.e., "homemade") feed handling, analytic, and order management components that work off the API's event/method interfaces.
  • #528,228
  • Aug 19, 2011 12:58pm Aug 19, 2011 12:58pm
Quoting mario83
I need some advice.

During friday i made quite some nice profit, but i have one ongoing loss from 1.4320 and i want to close it when it hits 1.4360 If it would hit today i would close it, as i dont want to leave it opened for weekend.

a) Should i cut it now?
b) Should i set TP to 1.4360
c) Should i leave it open and wait EURUSD to hit 1.4360 or lower next week? My account will hold it without issues. It utilizes only 1/14 of my account at the moment.

Thanks in advance for help!
What does your chart say? What does your system say?

If we can clear 4390 & 4363, 4340 is plausible. Or maybe it's not. I don't know, I don't have a crystal ball. But that's what it says.
  • #528,229
  • Aug 19, 2011 12:58pm Aug 19, 2011 12:58pm
Quoting pipper
Excellent trade EK.. You greedy boy
I want tell something about trading depends on my own experience here for newbie

IF u looking for best indicator as we all did in our first days of trading i will answer u which best indicator

each indicator has his OWN secrets u read some books and watch some good traders but u can't find this secrets in a post or report

U have to
1- have stable system
2- dig deeper on your own system secrets What ever this indicators u use believe me it has many secrets
  • #528,230
  • Aug 19, 2011 1:00pm Aug 19, 2011 1:00pm
My take of it all is Congress and The President should not touch anything. Stay out of the markets, stop trying to do so much good, and stop creating bubbles. We'll take care of the rest...


Quoting Good Fortune
[color=#000000][font=Verdana]"the ugly truth is that the problem lies not with monetary policy but in the need to construct a modern, appropriate set of fiscal and regulatory levers and pulleys to better incentivize the private sector to channel money into productive use in expanding our economy and enriching our people. Only Congress, working together with the president, has the power to write the rules and provide the incentives to correct the course of the great ship we know and love as America. I hope you, as the voters who put them in office,...
  • #528,231
  • Aug 19, 2011 1:01pm Aug 19, 2011 1:01pm
Quoting OldQuant
Another thing that's very real, and works against stops in forex, as opposed to, say, a lot of futures markets, is the tendency for what legends call "stop runs."

Maybe those really are caused by evil traders ordering "buy," sucking up the retail's stops, and then dumping them out at the top to the new set of retailers who are now buying the "breakout." Or maybe they're caused by Walmart or Catapillar or Boeing taking down an 8 figure forward rate agreement that hit the market all at once. The effect is the same: spikes that are meaningless...
Logical , if I had the power to move the market anytime by 10 pips then I would like to play by bad habbit to join in a flow to take 20 pips & sell at some suiteable place the same , play again & again fast . but market not so small & every party can be pissed off here & not work long last . and the filling order may take time for big parties also & so ultimate wiped out if not handle with extreme care too , at times ok .all are equally at risk in the market , the fed also .
fontu
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #528,232
  • Aug 19, 2011 1:02pm Aug 19, 2011 1:02pm
Quoting mario83
I need some advice.

During friday i made quite some nice profit, but i have one ongoing loss from 1.4320 and i want to close it when it hits 1.4360 If it would hit today i would close it, as i dont want to leave it opened for weekend.

a) Should i cut it now?
b) Should i set TP to 1.4360
c) Should i leave it open and wait EURUSD to hit 1.4360 or lower next week? My account will hold it without issues. It utilizes only 1/14 of my account at the moment.

Thanks in advance for help!

I'm holding my positions over the weekend depending on the close.
  • #528,233
  • Aug 19, 2011 1:03pm Aug 19, 2011 1:03pm
Quoting mario83
I need some advice.

During friday i made quite some nice profit, but i have one ongoing loss from 1.4320 and i want to close it when it hits 1.4360 If it would hit today i would close it, as i dont want to leave it opened for weekend.

a) Should i cut it now?
b) Should i set TP to 1.4360
c) Should i leave it open and wait EURUSD to hit 1.4360 or lower next week? My account will hold it without issues. It utilizes only 1/14 of my account at the moment.

Thanks in advance for help!
Back to your own plan when u enter this trade
All depends on your own MM , For me i trade with same plan since May 2011 which is No 1.50 and it must go back 1.34 before going any higher
  • #528,234
  • Aug 19, 2011 1:04pm Aug 19, 2011 1:04pm
Quoting Donyouth4eva
I'm holding my positions over the weekend depending on the close.
Now ya might wanna explain what positions you are holding...

In profit, or in the red.
Longs or shorts?
Targets and stops?

This is a lame statement...not meaning to be a prick, but if you are trying to help somebody who is holding a trade underwater, ya might wanna actually qualify your statement a little better.

And, uh, backing it up with a chart wouldn't hurt either.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #528,235
  • Aug 19, 2011 1:05pm Aug 19, 2011 1:05pm
Two things about IB's API. First, it is among the most mature and most solid in the industry. Forex is an "afterthought" to IB; I'd venture to guess most automated applications are options or equities. They do some prime brokerage, and some hedge funds are probably doing quasi-HFT (in the hundreds of milliseconds, rather than the under-ten ms range) with it.

To get a feel for it, you can go to their website, download their desktop interface, and in the folder it lands in, there are API examples in all the high level languages. There's one for Excel. Then using the "demo" data feed, you can play with all of the functionality with just knowledge of Excel (and a little Excel macro understanding).

The "demo" data feed is not real prices; it's designed to be spiky, then sluggish, have gaps and everything that would make a developer's list of "worst nightmares."
  • #528,236
  • Aug 19, 2011 1:07pm Aug 19, 2011 1:07pm
close below 4388.6 or 4372.8 is on the bear side. weekly..bbl.. on vacation next week..
those who can, do. those who cant, talk about those who can
  • #528,237
  • Aug 19, 2011 1:08pm Aug 19, 2011 1:08pm
Quoting Venice
What does your chart say? What does your system say?

If we can clear 4390 & 4363, 4340 is plausible. Or maybe it's not. I don't know, I don't have a crystal ball. But that's what it says.
Something tells me i should hold it over the weekend and save another 20pips then close it. I dont know if its good idea, never hold loss position over the weekend, however looking on the chart i believe its gonna drop. Im still novice trying different things, but moved to real account as last results on demo were very promising.

thanks
  • #528,238
  • Aug 19, 2011 1:08pm Aug 19, 2011 1:08pm
i am flat , today finished in green after red days,
weekly still red (:

time to revise (exit) strategy and learn some discipline during week end .

have a grate time
Mohan
  • #528,239
  • Aug 19, 2011 1:10pm Aug 19, 2011 1:10pm
Have a good one

Quoting gatorinla
close below 4388.6 or 4372.8 is on the bear side. weekly..bbl.. on vacation next week..
Disclaimer: Check your 1m charts
  • #528,240
  • Aug 19, 2011 1:11pm Aug 19, 2011 1:11pm
Quoting gatorinla
close below 4388.6 or 4372.8 is on the bear side. weekly..bbl.. on vacation next week..
have nice holiday / break
Mohan
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