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  • #566,301
  • Nov 27, 2011 8:11am Nov 27, 2011 8:11am
Quoting Pip and Run
i just read the first part of you reply and knew you area newbie ...Welcome to forex and good luck w/ your longs ..
you are not so wise...and it doesnt matter who i am
'You must be the change you wish to see in the world' . Gandhi
  • #566,302
  • Nov 27, 2011 8:23am Nov 27, 2011 8:23am
Quoting Pip and Run
You are very goods at talking allot how about you post some charts and give us ur analysis for nxt wk ???? i hate newbie who just talk allot here . they disgust me ....

keep point less talk to your gf ...
sorry, not even worth an answer
New voice message: Why are you calling me? If I need you, I'll call you!
  • #566,303
  • Nov 27, 2011 8:37am Nov 27, 2011 8:37am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m30.JPG Size: 122 KB


Will enter a short at 1.3258 targetting last month's low!
  • #566,304
  • Nov 27, 2011 8:40am Nov 27, 2011 8:40am
Quoting jayjb
Attachment

Will enter a short at 1.3258 targetting last month's low!
That's a good retracement level to go for. Patience!
Taigen Profit This Month: na
  • #566,305
  • Nov 27, 2011 8:40am Nov 27, 2011 8:40am
Quoting jayjb
Attachment

Will enter a short at 1.3258 targetting last month's low!
Sure that's going to happen, but not first thing after opening
Ready for the drawdown?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #566,306
  • Nov 27, 2011 8:44am Nov 27, 2011 8:44am
Quoting KillerWhale
Sure that's going to happen, but not first thing after opening
Ready for the drawdown?
I'm hoping for it to test September low's around 3150 or so. If it breaks through, we will probably have another series of low's. If not, I hope it goes to the level jayjb is suggesting.
Taigen Profit This Month: na
  • #566,307
  • Nov 27, 2011 8:48am Nov 27, 2011 8:48am
Quoting Taigen
I'm hoping for it to test September low's around 3150 or so. If it breaks through, we will probably have another series of low's. If not, I hope it goes to the level jayjb is suggesting.
I'm sure it will test the low, not sure what will happen after that.
Recover or go to the next low?
So action required is just follow the charts, and act as appropriate.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #566,308
  • Nov 27, 2011 8:52am Nov 27, 2011 8:52am
Quoting KillerWhale
I'm sure it will test the low, not sure what will happen after that.
Recover or go to the next low?
So action required is just follow the charts, and act as appropriate.
Good advice. Minimize the risk and take advantage of the gains.
Taigen Profit This Month: na
  • #566,309
  • Nov 27, 2011 8:52am Nov 27, 2011 8:52am
Quoting KillerWhale
Sure that's going to happen, but not first thing after opening
Ready for the drawdown?
I know for sure after opening, my charts are gonna shift. I face this every freaking week.

Over the weekends, all the trendlines I've drawn suddenly shift eg my trendline touches all the highs of the candles only but after market open, it goes all over the place

So I will still see what the market shows during sydney, I'll admit this trade is not the best, because of the R:R based on M30 fib extension, normally i only trade H4 and daily and with the h4 bullish divergence broken, I see no reason not to jump on the bandwagon at the first sight of it.
  • #566,310
  • Nov 27, 2011 9:00am Nov 27, 2011 9:00am
Quoting jayjb
I know for sure after opening, my charts are gonna shift. I face this every freaking week.

Over the weekends, all the trendlines I've drawn suddenly shift eg my trendline touches all the highs of the candles only but after market open, it goes all over the place

So I will still see what the market shows during sydney, I'll admit this trade is not the best, because of the R:R based on M30 fib extension, normally i only trade H4 and daily and with the h4 bullish divergence broken, I see no reason not to jump on the bandwagon at the first sight...
Don't panic, see were price is going, never act in an impulse.
Even if you see a break-out lower, it will always come back to test the break out value.+
A move lower has to be confirmed by breaching the trend line to the low, it has to be first rejected and then retested and after retest it might just go up and be a real opportunty to long
New voice message: Why are you calling me? If I need you, I'll call you!
  • #566,311
  • Nov 27, 2011 9:21am Nov 27, 2011 9:21am
Quoting Alexone
Now i have to say im really rooting for him to get his TP. Dunno why he took me so seriously, i thought it was just innocent fun we were making at each other. Maybe he thought im some sort of pro coming down on him. Im really just a n00b. Gl normfx! Dont forget to read ur horoscope for the coming week! Srry couldnt help myself.
This just gave me an idea, gonna create a 100,000 demo account and trade 1 standard lot everytime

I will only start a maximum of 3 trades per day because there are only 3 perfect timings each day, those being 11:11am, 11:11pm and 2222hrs. To be fair, I will only trade based on GMT+8 time and to avoid drawdowns, I'll always trade 1 lot, so no matter what, based on a 1:1 R/R i'll still b/e even if my profit factor is 1

So how do I go about doing this? I'll flip a coin everytime I wish to take a trade at those timing, heads is long, tails is short. 10 pips TP/SL no excuse.

I will use the same coin too. That way, I wouldn't be looking at any lame charts and apparently most people lose money because they look at charts (according to a trader here)
  • #566,312
  • Nov 27, 2011 9:25am Nov 27, 2011 9:25am
Quoting jayjb
This just gave me an idea, gonna create a 100,000 demo account and trade 1 standard lot everytime

I will only start a maximum of 3 trades per day because there are only 3 perfect timings each day, those being 11:11am, 11:11pm and 2222hrs. To be fair, I will only trade based on GMT+8 time and to avoid drawdowns, I'll always trade 1 lot, so no matter what, based on a 1:1 R/R i'll still b/e even if my profit factor is 1

So how do I go about doing this? I'll flip a coin everytime I wish to take a trade at those timing, heads is long, tails is...
You are the apple of my eyes
If there was easy money lying around,no one would be forcing it into your
  • #566,313
  • Nov 27, 2011 9:29am Nov 27, 2011 9:29am
Quoting FXMindset
You are the apple of my eyes
Best movie of 2011

Watched it twice already.
  • #566,314
  • Nov 27, 2011 9:37am Nov 27, 2011 9:37am
Quoting jayjb
Best movie of 2011

Watched it twice already.
Do you have any download link for that movies ?


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #566,315
  • Nov 27, 2011 9:40am Nov 27, 2011 9:40am
Quoting FXMindset
Do you have any download link for that movies ?


Thanks
Nope, went to the cinema (yes I paid $24 in total)

Hint: Wait for china to approve this movie LOL
  • #566,316
  • Nov 27, 2011 9:42am Nov 27, 2011 9:42am
Quoting jayjb
Nope, went to the cinema (yes I paid $24 in total)

Hint: Wait for china to approve this movie LOL
am waiting for that torrent - but seems it asian movies - its a bit hard for found on internet
If there was easy money lying around,no one would be forcing it into your
  • #566,317
  • Nov 27, 2011 9:42am Nov 27, 2011 9:42am
Quoting KillerWhale
Don't panic, see were price is going, never act in an impulse.
Even if you see a break-out lower, it will always come back to test the break out value.+
A move lower has to be confirmed by breaching the trend line to the low, it has to be first rejected and then retested and after retest it might just go up and be a real opportunty to long

excellent advice
  • #566,318
  • Nov 27, 2011 9:51am Nov 27, 2011 9:51am
Quoting FXMindset
am waiting for that torrent - but seems it asian movies - its a bit hard for found on internet
asian movies can be easily found on verycd and funshion
  • #566,319
  • Nov 27, 2011 9:53am Nov 27, 2011 9:53am
Quoting nAVIN2007
excellent advice
Thank you nAVIN2007
New voice message: Why are you calling me? If I need you, I'll call you!
  • #566,320
  • Nov 27, 2011 9:58am Nov 27, 2011 9:58am
Jayjb,

Here's one strategy that I use almost daily. I'll give an example:

account: 2,000
risk in position: 1%
risk in trade going against you: 1%

trade: 20 pips divide by 3 which is about 6-7 pips.

EU long term trend: down
EU short term trend: down

find fibo pattern 5m 10m 15m 1h that has dropped to the 0% level.

When it retraces to fibo 23 put in a 6 or 7 pips, if it is tested at the 38 level put in another 6 or 7 pips and if it goes to the 50 retrace level put in another 6 or 7 pips. You should be able to weather the storm if it still goes against you. When they all go green sell or whatever you want to do.

This is one strategy that works pretty consistently for me.

T
Taigen Profit This Month: na
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