this is my little TA for the Euro
and given that i expect higher employement rate, European equities in the green, corroborates there is still more upside potential
AVT INVENIAM VIAM AVT FACIAM
- #13,001
- Dec 2, 2011 6:02am Dec 2, 2011 6:02am
- Joined Jan 2011 | Status: Trader | 2,680 Posts
this is my little TA for the Euro
and given that i expect higher employement rate, European equities in the green, corroborates there is still more upside potential
- #13,002
- Dec 2, 2011 6:08am Dec 2, 2011 6:08am
- Joined Jan 2011 | Status: Trader | 2,680 Posts
AVT INVENIAM VIAM AVT FACIAM
- #13,003
- Dec 2, 2011 6:15am Dec 2, 2011 6:15am
- Joined Jan 2011 | Status: Trader | 2,680 Posts
we got some divergence going on
USD appreciates
equities too (not too often does this happen) therefore i say up we go
you see the bottom right is the USD/JPY shows USD strength
bottom Left is the USD/CHF also shows USD strength
upper right usd/gbp
upper left usd/ aud
they are showing USD strength, i expect the EURO to fall ahead of NFP giving me a good entrance point, sell the rumor Buy the news
usually at least in my view, before data is release the market moves opposite to what it will after, i guess it's an opportunity to re position
*disclaimer, if you buy euros and you lose money do so at your own risk, dont come crying the red lion, lol,
USD appreciates
equities too (not too often does this happen) therefore i say up we go
you see the bottom right is the USD/JPY shows USD strength
bottom Left is the USD/CHF also shows USD strength
upper right usd/gbp
upper left usd/ aud
they are showing USD strength, i expect the EURO to fall ahead of NFP giving me a good entrance point, sell the rumor Buy the news
usually at least in my view, before data is release the market moves opposite to what it will after, i guess it's an opportunity to re position
*disclaimer, if you buy euros and you lose money do so at your own risk, dont come crying the red lion, lol,
AVT INVENIAM VIAM AVT FACIAM
- #13,004
- Dec 2, 2011 6:18am Dec 2, 2011 6:18am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Wow, I clearly did not know what was talking about. This is exactly what I was looking for.
Many thanks.
EDIT
PK,
Am I correct in assuming that because your lot size was so small you did not worry about MM?
Aaron
EDIT 2:
I think I am going to start using HA in addition to my regular charts. The HA charts show a clearer representation of 3 things that have been causing me some difficulty: momentum, consolidation pattern and tight trading ranges. Also, if your strategy calls for a trailing stoploss, setting it above the last HA bar...
You are welcome. When you get a chance check out the THV system a few in this thread are using.
This is the basic system I've adapted for my use. I'm still tweaking things a bit and testing. I also use standard bar charts to identify levels and some basic patterns.Correct I'm not worried about the MM with very small lot size. Small lot size allowed me to diversify my portfolio with a little bit of almost eveything too instead of just concentrating on 1 or 2 pairs. This allowed me to catch some of the bigger 300 - 500 pip movers vs watching E$ sputter between 100 - 200 pips all week....... And there's no stress like jumping around trying to scalp.
I've learned a lot from PT and others like yourself here. One thing I'm learning from PT is more patience and how much less stress there is trading higher TF charts and to stay in trades longer. Kick back, put feet on desk, watch the green pips run and smile.
I don't care which way the market is going as long as it's going my way
- #13,005
- Edited 6:36am Dec 2, 2011 6:25am | Edited 6:36am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
1.3650-60
EDIT: Forgot chart
Area I will look to stomp on the Euro
TA, but will trade PA based around THV3 indications.
FA still says down between now and Q1 2012
ALL my opinion
EDIT: Forgot chart
Area I will look to stomp on the Euro
TA, but will trade PA based around THV3 indications.
FA still says down between now and Q1 2012
ALL my opinion
- #13,006
- Dec 2, 2011 6:30am Dec 2, 2011 6:30am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #13,007
- Dec 2, 2011 6:31am Dec 2, 2011 6:31am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #13,008
- Dec 2, 2011 6:34am Dec 2, 2011 6:34am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #13,010
- Dec 2, 2011 6:37am Dec 2, 2011 6:37am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #13,011
- Dec 2, 2011 6:38am Dec 2, 2011 6:38am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
i don't think so cause it's Friday!
- #13,012
- Dec 2, 2011 6:41am Dec 2, 2011 6:41am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #13,013
- Dec 2, 2011 6:41am Dec 2, 2011 6:41am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I don't care which way the market is going as long as it's going my way
- #13,014
- Dec 2, 2011 6:43am Dec 2, 2011 6:43am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Is that a new way of trading? TDS- The daily system?
I don't care which way the market is going as long as it's going my way
- #13,015
- Dec 2, 2011 6:43am Dec 2, 2011 6:43am
- Joined Jan 2011 | Status: Trader | 2,680 Posts
AVT INVENIAM VIAM AVT FACIAM
- #13,017
- Dec 2, 2011 6:46am Dec 2, 2011 6:46am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #13,019
- Dec 2, 2011 6:47am Dec 2, 2011 6:47am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
Hi guys.
Yes, that will be great hammering area. Cant wait for that. But I will be shorting since 361.
T
Area I will look to stomp on the Euro
T
"I know one thing, that I know nothing." Sokrates
