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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

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EURUSD

Quoting Pip-hunter
The only way to get 50k in an account is to open a DEMO
You know i have a pretty good memory. Thats why i keep on improving every day in the markets. U came to the conclusion that its good to challenge everything and every1 and u took me off the ignore list? Or was that action something that u made in the heat of the moment because u couldnt accept some noob arguing with cloggie on which u have a mancrush on?
iam off for the day. need to go out now for a curry at 6pm.

as far as iam concerned its still a sell. will leave my swing short runnning....

Quoting Pip-hunter
If you are changing your stops it means that you either don't have a plan or you do NOT follow your plan!!!
Always have a plan and ALWAYS follow it no matter what!
you're right on this one...

does it apply to changing of tp too? i change my tp from 100 pips to 10 pips 99% of the time.,,.....
Quoting pkimnyc
Take a week off. Looks like you've been over trading.
yea... 9 months... only off during weekends... i deserve a break to refresh myself...
Quoting happytrader
yea... 9 months... only off during weekends... i deserve a break to refresh myself...
There was only 2 trades that I saw today....
Quoting happytrader
you're right on this one...

does it apply to changing of tp too? i change my tp from 100 pips to 10 pips 99% of the time.,,.....
This 1 is easy. Im gonna get a lot of heat for this, from cloggie as well prolly, but: once something is set in motion no amount of news can change that. I firmly believe that, if u made an order in the right place and price moves against u, u missed something. A support, a resistance or something hidden. But thats just me. Im pure tech. So basically, u need to work harder, because if u knew what price is doing and had some idea to where its going, u wouldnt have this problem!
Quoting Fidza
Hi all thought I would drop in and say hi , been following this thread for a fair bit but never really got round to registering with FF.
I really suck at short term trades , and have busted my account once too often , and after 8 years of taking a constant beating decided to forget all I learnt about chart analysis and taking any note of the short term headlines, and instead go by instinct, seems to be working so far (touch wood).
Very contrary to what most here believe about the Euro going under , I have to admit , I am a skeptic. There is way...
something to think about, I personnally don't care if the euro stays or goes, thier is allways opprtunities else where. My trading consist of one stadegy. Is the train leaving the station, and is it @ a speed where I won't get hurt to bad if I fall as I'm jumping on. 40 to 50 pips a day is great for me. I don't pay attention to the bonds and all the garbage news like alot of people here do. I don't trust the banks, Goverments,etc to give the correct info at all. I just follow the heard. I will say from a macro point of view, I'm glad I'm not german. Bailling out a bunch of lazy socialist would drive me nuts. And before this is over I'm sure the USA will get thier fingers in the pie, because we are to supid not to. Our goverment relishe's @ the oppertunity to get our fingers int the pie, F**k it up beyond all recognition, and then have the tax payer's bail it out. History repeats it self my friend, over and over, and us humans never seem to wake up. So in the end, I dont care. Even though we live in a stinky garbaged shity sespooled world, I just want to sail my yacht though it, and pick up my 40 50 pips a day weather it Euro Aud Cad etc.
Quoting happytrader
you're right on this one...

does it apply to changing of tp too? i change my tp from 100 pips to 10 pips 99% of the time.,,.....
100 pips tp isn't a problem, but it's a matter of why. You said you use s/r. The answer lies in those area.
is it time for a buy?? i went for long 1,3319 with TP 1,342 we see. thanks for yesterday with a hughe profit. GL for All
Quoting happytrader
how long do i have to leave my position open for mid term pt?
It depends, I usually use 4H chart to determine the direction and 1H chart to find an entry point, also consider fibonachi retracement and former high/low so sometimes i hold it for 3-4 days or couple weeks.. The idea is you do not add any lots when you are losing, however, you could add more position when you have sufficient profits and your analysis support your direction that it will go more (the market may not support you but this is forex). One thing important is if you add one more position, you'd better s/l both positions average b/e or at least s/l your first position b/e so your max risk is only 1 position.
You need to be patient, you may only trade 1-2 times a week and do not try to short when it makes new high or long when it makes a new low.. especially if you are trying to trade for a reversal, a real big reversal will usually stay at the low or high for a while (or around 50 pips around top/bottom if it was a real reversal)..
The indicator i use is 20EMA, 20Bollinger and MACD.
If I did not make mistake, you use Oanda. For example, if you open the 4H chart for EUR/AUD, you could see that the Bollinger was an upward channel from Nov 17th to Nov 23rd, do not short at a upward channel but you could also see that price stay between 1.37-1.38 for 2 days, between Nov 21st and Nov 23rd. In terms of MACD, on a 4H chart, you can see it forms a relatively higher high on Nov 22nd and Nov 23rd, but the MACD bar is decreasing (red bar are getting lower and lower, however, it is still above 0). The 4H price is also above 20 EMA, all this are bullish signal but are very weak and gives you highly possibility to see a reversal. Finally, at the end of Nov 23rd, 4H bar close below 20EMA and MACD is also below 0 as well as Bollinger is not upward channel. If you could enter a short on Nov 24th around 3700 with s/l above 3800 and hold till now you earn 300+ pips...
But again, this is just based on history picture and it always look perfect for history picture but not current picture since all the lines are changed.. I also got s/l by a few times, however, once you catch one mid-term trade, you could get very good profits..
In terms on daily chart, it is even better and give your larger profits since the trend will carry longer time...
But the most important thing is enter a small lots, if you have 5000 dollars, then enter no more than 0.05 lot so when you got 100-200 pips s/l, you lose around 20-40 dollars. The only difficulity for hold mid-term is most of us have a hope that market could move in our direction as soon as possible and also feel nervous when we see our profits from 200-300pips back to less than 100 pips (it happens a lot in mid-term trade cause the price is not like a waterfall for 400 pips in 2 hours)..
This is how i trade and you can try it on demo, but remember have a good money management
Quoting yorkie
is it time for a buy?? i went for long 1,3319 with TP 1,342 we see. thanks for yesterday with a hughe profit. GL for All
I'm more interested in selling if we rally again. Lol
Went long @ 13301. tp is just below todays high, but will scale out sooner.. SL is @1,3285, now @ BE+1..
LOL
I saw Cloggie slamming couple of people on my ignore list and decided to check what's going on and have some good laughing

Ohhhhhhhh man so funny...

Ps: especially FXBabie = pip and run => such a scam....but funny though

Quoting Alexone
You know i have a pretty good memory. Thats why i keep on improving every day in the markets. U came to the conclusion that its good to challenge everything and every1 and u took me off the ignore list? Or was that action something
Price = the amount a greater fool is willing to pay!
Quoting yorkie
is it time for a buy?? i went for long 1,3319 with TP 1,342 we see. thanks for yesterday with a hughe profit. GL for All
news in 7 minutes, keep eye on clock too
Mohan
Quoting yorkie
is it time for a buy?? i went for long 1,3319 with TP 1,342 we see. thanks for yesterday with a hughe profit. GL for All

i am with you yorkie
Quoting happytrader
i've this mental block... 9 months trading record R/.R ratio is 10 to 1.

i try to let profit run but my STUPID brain just keep worrying that the pa will turn against me in 10 secs...

then with SL , i will MOVE it again and again when price goes against me... it's as well as not having a sl...

i've never lost so much confidence before... i feel like giving up.....
how do you define buy zone or sell zone when you trade? If you can go back to basic a bit and improve on use of trendlines to tell u when to buy or sell, it should make some difference. For example in an uptrend, say on 15min TF you plot your blue up trendline and you wait for price, if price crosses that trendline and a candle closes below the up trendline, then that is a sell zone for you. You either enter sell immediately with sl 10pips above the high or you go down to 5mins, wait for a break of a smaller uptrend line (popularly called pull backs or retracement), then short, that confirms your entry. I wish I could post some charts but I just cant.
(you can get more by reading a simple article on buy sell zone in rapidforex.com website)
2. Your lot size is very very important. If you can trade, 0.001Lot i.e 1000 unit especially as a starter, even if you loose 100pips you just loose 10dollars and you can live to trade another day. With this small lot you can always take any trade you want until you understand how to trade better and become more confident.
3. I found volume analysis a good tool to understand how price action works. If you can take a break and head to a thread called VSA with malcolm, you may find some tools that will help you understand price action better, though vsa can be complex and overwhelming at the start.
Hang on you can take a break but dont give up
good luck.
Quoting PipsyRussell
something to think about, I personnally don't care if the euro stays or goes, thier is allways opprtunities else where. My trading consist of one stadegy. Is the train leaving the station, and is it @ a speed where I won't get hurt to bad if I fall as I'm jumping on. 40 to 50 pips a day is great for me. I don't pay attention to the bonds and all the garbage news like alot of people here do. I don't trust the banks, Goverments,etc to give the correct info at all. I just follow the heard. I will say from a macro point of view, I'm glad I'm not german....
The US government has turned against the people. We are being taxed into oblivion because of the child-like congress that screams every time they aren't sucking on the American tit. Many are lulled onto the plantation of 'take care of me and then I'll vote for you' only to see themselves knee deep in cotton saying, "...yes, massah sir, whatever you's say massah sir..."

The US constitutions say we have a right as people to dissolve the present government if it is not serving its needs. It is time.

In the meantime, I'm striving for my daily 2% and figure out how to get the government tentacles off my back.
ibdman1 Profit This Month: $4,244
4 hour eurusd is getting ready for a good dump, love this volatility

sell trades work better than buy trades no matter what your technicals say

the swing up was purely on month end chinese corporate buying, not supported by any economic agenda, so no reason to celebrate any move north.

sell tops, and wipe the bottoms with one dollar bills.........
Quoting happytrader
i've this mental block... 9 months trading record R/.R ratio is 10 to 1.
Yeah, sure...you clearly donīt know what RRR is and what it is good for
Quant Hedge Fund CEO
Quoting FXMastermind
Yeah, sure...you clearly donīt know what RRR is and what it is good for
Rape / Romance ratio ??

both carry a risk and then there is reward too
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