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  • #575,461
  • Dec 15, 2011 6:09pm Dec 15, 2011 6:09pm
Quoting happytrader
thats a good strategy. asian hours have been extremely boring and slow for weeks. it wasn't like this a few months ago.
yes this week its bloody slow, top of that , this week i have switched to day time trading and decided no more night trading,
Mohan
  • #575,462
  • Edited 6:32pm Dec 15, 2011 6:15pm | Edited 6:32pm
Quoting Halba
very small pip movements. not much to be gained or lost, and even gain will take a long time. i have spread atleast 1 pip euro add some slippage not much potential with small capped movement

range 10 pip last few hrs

for longs - too late, its not low enough to long at around key resistance

for shorts - friday, it is vulnerable to quick short covering, but i still think short for a few pips is higher %
you have to wait for your entry like Egret (கொக்கு). Egret stand on one leg until fish come closer.

http://upload.wikimedia.org/wikipedi...I_IMG_5704.jpg


edit : Asian session is like "waiting long and hard to all day to catch the right fish "
Mohan
  • #575,463
  • Dec 15, 2011 6:22pm Dec 15, 2011 6:22pm
Quoting mohan76
you have to wait for your entry like Egret (kokku). Egret stand on one leg until fish come closer.

http://upload.wikimedia.org/wikipedi...I_IMG_5704.jpg
agreed wait for setup to form. market always gives opportunities
  • #575,464
  • Dec 15, 2011 6:33pm Dec 15, 2011 6:33pm
Quoting mohan76
yes this week its bloody slow, top of that , this week i have switched to day time trading and decided no more night trading,
did your get the answer to the direction of S&P500?
  • #575,465
  • Dec 15, 2011 6:42pm Dec 15, 2011 6:42pm
Quoting 2046
did your get the answer to the direction of S&P500?
no clear answer , again it's closed approx. @ same level , looks holding and it might travel north today
Mohan
  • #575,466
  • Dec 15, 2011 6:43pm Dec 15, 2011 6:43pm
I can't sleep. I managed to bag 15pips at this EURUSD funeral right now. I still can't sleep.
  • #575,467
  • Dec 15, 2011 7:07pm Dec 15, 2011 7:07pm
Quoting the redlion
I agree nothing is solved and Germany along with France have their empire in Europe. However for all the doom and gloom ultimately price is what matters I am actually still long and holding with good profit once the market turns a I will also turn. The euro has been shitty since a long time. How much of this is priced in?

Long or short is of little importance, the main point is do not fight enter at a good area pre define your risk parameters and and never marry your bias. My money management plan assumes the market is completely random therefore...
Great post!!
  • #575,468
  • Dec 15, 2011 7:14pm Dec 15, 2011 7:14pm
Quoting mohan76
no clear answer , again it's closed approx. @ same level , looks holding and it might travel north today
don't know which TF you are looking at, and if it is about AU but H1 and H4 ichimoku both indicate resistance below 1.004 from Tenkan Sen; might be a good opportunit to short.

H1 is bullish TK cross from 0.99228
Attached Image (click to enlarge)
Click to Enlarge Name: 111216_au_h4_0110.gif Size: 20 KB
  • #575,469
  • Dec 15, 2011 8:02pm Dec 15, 2011 8:02pm
Quoting PhAnTi'
beginners shouldnt trade correlations at all.... focuns on a couple of pairs, switch to the higher timeframes, learn about supply/demand ... learn why markets move, learn what makes them move and learn to use levels for selling and buying with a fix target and stop.

post charts and explain your trades to get replies and comments to improve your trades.


EMAs suck.
Why?
  • #575,470
  • Dec 15, 2011 8:11pm Dec 15, 2011 8:11pm
Quoting pkimnyc
Why?
Read my Signature
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #575,471
  • Dec 15, 2011 8:18pm Dec 15, 2011 8:18pm
Quoting samdani786
Read my Signature
Like your chart very much.
  • #575,472
  • Edited 8:30pm Dec 15, 2011 8:19pm | Edited 8:30pm
Quoting 2046
don't know which TF you are looking at, and if it is about AU but H1 and H4 ichimoku both indicate resistance below 1.004 from Tenkan Sen; might be a good opportunit to short.

H1 is bullish TK cross from 0.99228
i don't feel good, 15 mins chart shows it might test parity, today i am looking for low risk 12 pip scalp
Mohan
  • #575,473
  • Dec 15, 2011 8:40pm Dec 15, 2011 8:40pm
Quoting mohan76
i don't feel good, 15 mins chart shows it might test parity, today i am looking for low risk 12 pip scalp
m5 AU had a long signal (bullish TKx) 50 candles ago from 9923, current exit would be 9955.

m15 is long from 99446 but RR did not look convincing and I would only consider adding to long around 9942. just my thoughts, rarely trade AU
  • #575,474
  • Dec 15, 2011 9:12pm Dec 15, 2011 9:12pm
so tense.. 1.304 is being tested again.

should i sell or buy now?
  • #575,475
  • Dec 15, 2011 9:16pm Dec 15, 2011 9:16pm
Quoting happytrader
so tense.. 1.304 is being tested again.

should i sell or buy now?
Going into holiday mode. Sure u wanna trade?
  • #575,476
  • Dec 15, 2011 9:19pm Dec 15, 2011 9:19pm
Not sure either, Asia has been dead a lot lately. A long would be a better choice IMO but would rather wait till DAX/London.

Stay flat is safe.

Quoting happytrader
so tense.. 1.304 is being tested again.

should i sell or buy now?
  • #575,477
  • Dec 15, 2011 9:25pm Dec 15, 2011 9:25pm
hi diseg in the long term you will be just under 50/50 taking positions in sleep mode. some will run, some will hit your SL. your broker and the market maker will win, due to the spread and slippage. your chances will be higher with valid setups in liquid/active market conditions. always think - will my habit/strategy succeed in long term. 1 trade is not the only one you make, it builds for life.
  • #575,478
  • Dec 15, 2011 9:28pm Dec 15, 2011 9:28pm
Quoting Halba
hi diseg in the long term you will be just under 50/50 taking positions in sleep mode. some will run, some will hit your SL. your broker and the market maker will win, due to the spread and slippage. your chances will be higher with valid setups in liquid/active market conditions. always think - will my habit/strategy succeed in long term. 1 trade is not the only one you make, it builds for life.
that's a good point. thanks
  • #575,479
  • Dec 15, 2011 9:46pm Dec 15, 2011 9:46pm
Well said. I wish I still kept my longs open from 2960. I'm flat now and waiting till London.

Cheers


Quoting Halba
hi diseg in the long term you will be just under 50/50 taking positions in sleep mode. some will run, some will hit your SL. your broker and the market maker will win, due to the spread and slippage. your chances will be higher with valid setups in liquid/active market conditions. always think - will my habit/strategy succeed in long term. 1 trade is not the only one you make, it builds for life.
  • #575,480
  • Dec 15, 2011 9:55pm Dec 15, 2011 9:55pm
good r/r for a short trade to 2900? 49 sl
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