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  • #588,481
  • Jan 26, 2012 4:54am Jan 26, 2012 4:54am
Quoting rhmn
Hello Friends!

i dont know if its right to ask this question here or not, but i really need help, i know about basics of forex Technicals, but i am unable to find a good system, can anyone help me to make a day trading system or can share anyone his own tested system?

Reply is highly appreciated

Thanks

As you can see, everybody here has a different style...trying to use any of our styles will cause your failure.
You have to trade your own way dude.

But there are a lot of "systems" on FF...scalping/day trading/long term.
It all depends on your style, the way you want to trade the market.

In the past i've tried everything but my own way...i was going to give it up!
Today is a different story...price action rules the world
COT: The precious data ignored
  • #588,482
  • Jan 26, 2012 4:54am Jan 26, 2012 4:54am
Quoting rhmn
Hello Friends!

i dont know if its right to ask this question here or not, but i really need help, i know about basics of forex Technicals, but i am unable to find a good system, can anyone help me to make a day trading system or can share anyone his own tested system?

Reply is highly appreciated

Thanks
Try THV system from cobra in forex factory in trading systems columns.....u will find many more good systems.....practice is key....try to learn from babypips site as well
you are the creator of your own destiny-Shivyog
  • #588,483
  • Jan 26, 2012 4:58am Jan 26, 2012 4:58am
Quoting happytrader
guys, i feel a bit useless again today.. i don't know why i'm getting all so negative.

i watched the breakout and didn't click buy. i don't know what i was waiting for. now this rally high up there, i feel like buying at dip but there's fear again.... sigh

i'm supposed to be a happy trader, now i shall rename myself as nervoustrader
Feeling the same, probably because the market moves on brokers rumors that somehow make news feeds. How can you trade twits? sorry tweets
  • #588,484
  • Jan 26, 2012 4:58am Jan 26, 2012 4:58am
Quoting happytrader
guys, i feel a bit useless again today.. i don't know why i'm getting all so negative.

i watched the breakout and didn't click buy. i don't know what i was waiting for. now this rally high up there, i feel like buying at dip but there's fear again.... sigh

i'm supposed to be a happy trader, now i shall rename myself as nervoustrader
I could bet with you that most of us here were not able to engage in that long. If you think all the professional traders (real) who is trading now got into this trade, you will be in for a surprise.

Yeah, don't jump into trade, wait for a pullback at least.
'For the market to work, it needs people who think that they can beat it.'
  • #588,485
  • Jan 26, 2012 5:00am Jan 26, 2012 5:00am
Quoting E-Money
3204 is next target...that is the Wr2. After that, the next taget is 3279 area...that is the 100 MA on daily and Wr3. If bull stay in control, then 3462 is 50% fib of move down. Hope that helps.

Quoting PokerPlayer
Here's my two pence worth....

High 30 Oct 2011 1.42
Low 16 Jan 2012 1.26

A 38% retracement takes us back up to 1.34
A 50% retracement takes us back up to 1.32

Obviously lots of ups and downs inbetween but reasons are.

1) There is no way that the EU is going to let Greece default, (or a credit event be triggered) the whole pack of cards would come crashing down. If Greece leaves the Euro, Portugal, Spain, Ireland, and Italy would be at risk. If the euro collapses, the banks collapse, we would all be looking to stock your shelves with food...
Thanks. My TP is ~1.322.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #588,486
  • Jan 26, 2012 5:01am Jan 26, 2012 5:01am
Also we need as many countries in the EU as possible ready for when we go to war with China. "1984"
Over thinking over analyzing separates the body from the mind.
  • #588,487
  • Jan 26, 2012 5:04am Jan 26, 2012 5:04am
Quoting happytrader
guys, i feel a bit useless again today.. i don't know why i'm getting all so negative.

i watched the breakout and didn't click buy. i don't know what i was waiting for. now this rally high up there, i feel like buying at dip but there's fear again.... sigh

i'm supposed to be a happy trader, now i shall rename myself as nervoustrader

Facts are yet to come out and no real news back up plans. Sometimes fear is good. It is becoming clearer that no Greek deal will be made this week...and a word of an agreement between lenders means nothing. FOMC didn't add anything to the big picture yesterday.
  • #588,488
  • Jan 26, 2012 5:04am Jan 26, 2012 5:04am
Thanks friends !

i have learned basics from baby pips and also read some other books, videos, tutorials, n i agree that every one has his own style of trading, a very successful system may prove very bad or failed for the other person.
and i understand that without practice no system will prove successful to me.

I am asking some advised system to practice. preferred time frame 15 mins. so i can practice i might become successful and processional trader.

thanks
  • #588,489
  • Jan 26, 2012 5:05am Jan 26, 2012 5:05am
Quoting happytrader
guys, i feel a bit useless again today.. i don't know why i'm getting all so negative.

i watched the breakout and didn't click buy. i don't know what i was waiting for. now this rally high up there, i feel like buying at dip but there's fear again.... sigh

i'm supposed to be a happy trader, now i shall rename myself as nervoustrader
try to set reasonable SLs and then sit on your hands like I do.
trail SLs to follow profit growth.
when sitting on my hands I seldom open silly positions or make too early TP.
  • #588,490
  • Jan 26, 2012 5:07am Jan 26, 2012 5:07am
Quoting roakley
Feeling the same, probably because the market moves on brokers rumors that somehow make news feeds. How can you trade twits? sorry tweets
It looks like a bubble...
and if weekly candle close below @3100 downtrend still ON
  • #588,491
  • Jan 26, 2012 5:09am Jan 26, 2012 5:09am
Quoting AlastorFate
I could bet with you that most of us here were not able to engage in that long. If you think all the professional traders (real) who is trading now got into this trade, you will be in for a surprise.

Yeah, don't jump into trade, wait for a pullback at least.
hi, well, the more i read posts on ff, the more negative i become esp when i keep reading posts of people locking in 50 pips , 30 pips, etc from a certain rally. it's like they're so spot on. so PRO!
  • #588,492
  • Jan 26, 2012 5:10am Jan 26, 2012 5:10am
Quoting roakley
Feeling the same, probably because the market moves on brokers rumors that somehow make news feeds. How can you trade twits? sorry tweets
haha, need to console myself....
  • #588,493
  • Jan 26, 2012 5:11am Jan 26, 2012 5:11am
Quoting PokerPlayer
Here's my two pence worth....

High 30 Oct 2011 1.42
Low 16 Jan 2012 1.26

A 38% retracement takes us back up to 1.34
A 50% retracement takes us back up to 1.32

Obviously lots of ups and downs inbetween but reasons are.

1) There is no way that the EU is going to let Greece default, (or a credit event be triggered) the whole pack of cards would come crashing down. If Greece leaves the Euro, Portugal, Spain, Ireland, and Italy would be at risk. If the euro collapses, the banks collapse, we would all be looking to stock your shelves...
Nice Advice..
But, we must know Euro still in Bad Condition..

And 38% (1.32xx) is my eyes

Thank you
-PBT-
AM Signal Provider
  • #588,494
  • Jan 26, 2012 5:13am Jan 26, 2012 5:13am
Quoting DragonEye
try to set reasonable SLs and then sit on your hands like I do.
trail SLs to follow profit growth.
when sitting on my hands I seldom open silly positions or make too early TP.
i try to sit on my hands but my eyes will look at my screen and panic....
  • #588,495
  • Jan 26, 2012 5:15am Jan 26, 2012 5:15am
Quoting happytrader
hi, well, the more i read posts on ff, the more negative i become esp when i keep reading posts of people locking in 50 pips , 30 pips, etc from a certain rally. it's like they're so spot on. so PRO!
follow the topic, read between the lines and you'll notice that many report their success and a few report their failure.
the best pill is to be very critical on what you read here
  • #588,496
  • Jan 26, 2012 5:16am Jan 26, 2012 5:16am
Quoting happytrader
i try to sit on my hands but my eyes will look at my screen and panic....
Take a screenshot of your chart as it is right now, and post it here. If we know what you're seeing, perhaps some advice/help can be given
Doing what you like is Freedom. Liking what you do is Happiness.
  • #588,497
  • Jan 26, 2012 5:16am Jan 26, 2012 5:16am
http://3.bp.blogspot.com/_hXV9vrswuO...ull%2Bin%2BMan
Never saw it coming like this. Terrible Bull'sHit...
  • #588,498
  • Jan 26, 2012 5:16am Jan 26, 2012 5:16am
Quoting happytrader
hi, well, the more i read posts on ff, the more negative i become esp when i keep reading posts of people locking in 50 pips , 30 pips, etc from a certain rally. it's like they're so spot on. so PRO!
Don't get down happytrader, it's easy to feel inadequate when you read the forum posts but you must realise.....most folk here don't mention their losses. It's always a B/E or B/E + 2 or something LOL.

You could be doing as well as most of the people on this forum, you never know!
  • #588,499
  • Jan 26, 2012 5:17am Jan 26, 2012 5:17am
Quoting happytrader
guys, i feel a bit useless again today.. i don't know why i'm getting all so negative.

i watched the breakout and didn't click buy. i don't know what i was waiting for. now this rally high up there, i feel like buying at dip but there's fear again.... sigh

i'm supposed to be a happy trader, now i shall rename myself as nervoustrader

Come Happy cheer up mate..

remember the article I posted the other day?

http://www.forexfactory.com/showthre...62#post5322262

well keep that in mind, and at the moment the numbers in play are:

1.3150 a bounce of this is a BUY a break below a Sell

If you get long watch out for 1.32 and above could easily stall out there or at least consolidate and whip about a little.

Stops the other side of the 1.3150 to your trade.

Don't buy too high and don't sell too low.
  • #588,500
  • Jan 26, 2012 5:17am Jan 26, 2012 5:17am
hi - i wanna ask u about SL. How far you put it from entry? i still have problems with this..i hate then they crush my SL and go back on profit side of MY trade without me.. btw i trading on 15 min DT.
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