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EURUSD

  • #568,281
  • Nov 30, 2011 5:33pm Nov 30, 2011 5:33pm
Quoting happytrader
haha, when i first started trading, 2-3 standard lots were my average, after a series of disasters, i'm now trading with mini lots...

how i wish i started with mini (not nano or macro) and learn from my disasters back then..
I started with minis, but that was years ago now.
check out my blog: forexmademillionaire dot com
  • #568,282
  • Nov 30, 2011 5:33pm Nov 30, 2011 5:33pm
Quoting bigdado
hiiii allllll i am new here
annnnnnnnnnnnnnd the muppet brigade is back.
check out my blog: forexmademillionaire dot com
  • #568,283
  • Nov 30, 2011 5:35pm Nov 30, 2011 5:35pm
Quoting Geppy
annnnnnnnnnnnnnd the muppet brigade is back.
  • #568,284
  • Nov 30, 2011 5:37pm Nov 30, 2011 5:37pm
Quoting bigdado
i see short here and tp at 1.335
why oh why?
  • #568,285
  • Nov 30, 2011 5:38pm Nov 30, 2011 5:38pm
Quoting bigdado
i see short here and tp at 1.335
computer says no.
  • #568,286
  • Nov 30, 2011 5:40pm Nov 30, 2011 5:40pm
Quoting bigdado
i see short here and tp at 1.335
Hi bigdado,
based on what?
  • #568,287
  • Nov 30, 2011 5:42pm Nov 30, 2011 5:42pm
http://www.forexfactory.com/attachme...1&d=1322696502
Quoting Cerber.bf2
why oh why?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 243 KB
  • #568,288
  • Nov 30, 2011 5:45pm Nov 30, 2011 5:45pm
Watch for the obvious shake and bake with a side of mash potatoes. I can tell there is a short or long in there somewhere, just will wait till much later for the setup.
It's easy to be humbled but hard to be humble.
  • #568,289
  • Nov 30, 2011 5:47pm Nov 30, 2011 5:47pm
Bigdado, I don't think it is a good idea to short around now.
3420 was a very strong support last week (it supported 3 times)
then it broken and price tried back to around 3411 twice and around 339X a few times but all failed, there was a fake broken 2 days ago drive to 3448 but then failed again. It broken it eventually and then it came back to there by couple times but all got support... So it is a support area for now so you need to be careful.
But this is just my opinion, as long as you feel conident with your own analysis you can try it, but you must listen to this: make sure you have a s/l if you really do it !
  • #568,290
  • Nov 30, 2011 5:50pm Nov 30, 2011 5:50pm
Quoting Yuchen
Bigdado, I don't think it is a good idea to short around now.
3420 was a very strong support last week (it supported 3 times)
then it broken and price tried back to around 3411 twice and around 339X a few times but all failed, there was a fake broken 2 days ago drive to 3448 but then failed again. It broken it eventually and then it came back to there by couple times but all got support... So it is a support area for now so you need to be careful.
But this is just my opinion, as long as you feel conident with your own analysis you can try it,...
Thank you my friend and sure i am carefull with sl 1.347
  • #568,291
  • Nov 30, 2011 5:51pm Nov 30, 2011 5:51pm
Quoting Geppy
The last few pages here have been the best in a long while.

Why? Simple.

I'm tired of everyone trying to act all pompous and as if they are the greatest gift trading has seen since Jesse Livermore. Everyone hides behind how many pips or percentage they increase their account, but it's funny to see how minute the sizes are that they are truly trading. I consider myself a small fish and I generally enter trades with 2-3 standard lots with more in the wings, ready to be added as it moves in my favor.

It's easy to get caught up...


mla
"The Heart is the hub of all dances; go there and chill out"
  • #568,292
  • Nov 30, 2011 5:53pm Nov 30, 2011 5:53pm
Quoting Yuchen
Bigdado, I don't think it is a good idea to short around now.
3420 was a very strong support last week (it supported 3 times)
then it broken and price tried back to around 3411 twice and around 339X a few times but all failed, there was a fake broken 2 days ago drive to 3448 but then failed again. It broken it eventually and then it came back to there by couple times but all got support... So it is a support area for now so you need to be careful.
But this is just my opinion, as long as you feel conident with your own analysis you can try it, but...
in line with that...

intraday levels according to h1 ichimoku should sit around


R3 361
R2 356
R1 352

S1 342
S2 339
S3 335
  • #568,293
  • Nov 30, 2011 6:09pm Nov 30, 2011 6:09pm
Quoting happytrader
actually i was quite foolish or idiotic to jump into this forex game after 3 days with a demo account which i ...blew up. 100k to 22k...

i'm a shinning example of what you get when u play the forex game without preparation! so guys please please trade demo for at least 3 months before u start ur mini account....
I always struggled with demo trading, I found it very difficult to apply the same money management principles and emotions compared to trading live with what I knew was my own money.

Then again, starting live might be my undoing, only trading with mini lots though so I hope not!

Quoting bigdado
i see short here and tp at 1.335
You're brave! I wouldn't be shorting until we had a clear direction again.
  • #568,294
  • Nov 30, 2011 6:09pm Nov 30, 2011 6:09pm
Quoting 2046
in line with that...

intraday levels according to h1 ichimoku should sit around


R3 361
R2 356
R1 352

S1 342
S2 339
S3 335
Yes i agree with you, especially 3610 is very important for EU's mid-term movement.
  • #568,295
  • Nov 30, 2011 6:11pm Nov 30, 2011 6:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: demo.gif Size: 282 KB

should i close this and withdraw money from broker ?

Actually i was testing hedging across different pair i just longed in and check , it's total failure. different should not go more +/- $2000
Mohan
  • #568,296
  • Edited 6:16pm Nov 30, 2011 6:15pm | Edited 6:16pm
This is what I'll be looking for over the next 48hrs.

Cyclical data called the turn today with next turn up on 12/4. This calls for highs to be no higher than today until after the 4th, and most likely the next low for entry at the turn will be sometime late Friday after NFP but for the cycles to hold the close Friday can be no lower than approx 1.3365.

I'll be looking to get in long limit at 1.3425 in the next few hours and take this to just shy 1.3500. Then look for a short limit entry just above 1.3500 to hold until end of day Friday.

Comments, criticism certainly welcomed...
Attached Image (click to enlarge)
Click to Enlarge Name: Forecast 12-01-11.jpg Size: 160 KB
  • #568,297
  • Nov 30, 2011 6:16pm Nov 30, 2011 6:16pm
Quoting mohan76
Attachment
should i close this and withdraw money from broker ?

Actually i was testing hedging across different pair i just longed in and check , it's total failure. different should not go more +/- $2000
Because the covariance of them in the market is not always one and the correlations between each pair are also different. so if you want to construct a portfolio you cannot make equal weight for all of them

This is a successful test in terms of profits and i hope you will successful in the future as your real money.
  • #568,298
  • Edited 6:52pm Nov 30, 2011 6:29pm | Edited 6:52pm
Quoting Yuchen
correlations between each pair are also different.
yes , i took wrong pairs as au/chf available for trading. looks when short 5 us/chf, if we took 1aud/usd long it will cover swap.
Mohan
  • #568,299
  • Nov 30, 2011 6:48pm Nov 30, 2011 6:48pm
sometimes the aussie acts better than the euro...

these are my favorite setups... a retest of the daily high going into asia after a huge run up. fade it.... always good for a few...

reason i posted it here is it is sometimes good to monitor the aussie on moves like these bc the aussie will usually tend to retreat faster off the high

they euro just kind of slowly came off the high from earlier today without a retest of the high so the setup was not there on that pair...
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 19 KB
  • #568,300
  • Nov 30, 2011 6:51pm Nov 30, 2011 6:51pm
Quoting fxjawn
sometimes the aussie acts better than the euro...

these are my favorite setups... a retest of the daily high going into asia after a huge run up. fade it.... always good for a few...

reason i posted it here is it is sometimes good to monitor the aussie on moves like these bc the aussie will usually tend to retreat faster off the high

they euro just kind of slowly came off the high from earlier today without a retest of the high so the setup was not there on that pair...
nice trade, you inglorious bastard....
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