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  • #5,021
  • Feb 20, 2012 5:56am Feb 20, 2012 5:56am
Quoting emmanuel7788
I think you meant Buy ...right?

1.3280 looking good, that depends on how youy will manage this.
No. I was sell. Because DailyPivots R3 has got broken and the recommendations that I received stated that selling at 1.3265. Why? Any problem?
  • #5,022
  • Feb 20, 2012 5:59am Feb 20, 2012 5:59am
Quoting Steve 56
Hi All, Been off the scene for awhile took ill and I am slowly recovering. Probably taking longer knowing how many pips I have missed out on. LOL. Anyway slowly getting back into normal living, been reading all the posts and going over old ones. I still see Vantage, Dgcinc, Phx62, and Emmanuel7788 and others {sorry if I havent mentioned you},still posting valuable insights and info for the benefit of us all. And of course X-Man answering all queries and providing us with the motivation to persevere, hello Hail Mary. Anyway good to be back and great...
Welcome back buddy.
wishing you a full recovery soon
I agree that we have very valuable contributions by the experienced traders.
Making this thread very successful
X-man the legendary conqueror of markets
  • #5,023
  • Feb 20, 2012 6:09am Feb 20, 2012 6:09am
Quoting AmaNZ
No. I was sell. Because DailyPivots R3 has got broken and the recommendations that I received stated that selling at 1.3265. Why? Any problem?
Because your TP target is higher the entry which cant be in a sell.
Thoughts are things
  • #5,024
  • Feb 20, 2012 6:09am Feb 20, 2012 6:09am
Quoting AmaNZ
Now I sell at 1.3131 to target TP 1.3272 . Will it succeed?
How can you sell and have a higher target (TP)?

That's impossible
  • #5,025
  • Feb 20, 2012 6:10am Feb 20, 2012 6:10am
Hi,

My this Asian session short trade did not move as I had desired. Thinking that the gap would be filled today, but time ran out. Got to close that ealry and re-look at the Big Picture.
I had planned a H4 trade to long at fib-R 61.8% of the recent high week 06 to week 07 low.
This trun out nicely with the H1 on at the key level 1.3196. This level was in play for few weeks with confluence with fibo levels.

Also what looks like a new 3-waves correction taking shape. Last week swing low has eroded the 3-wave correcion of seen in week 06.

Big Picture always help me stay on course.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 20 Feb Week 08.png Size: 133 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,026
  • Feb 20, 2012 6:16am Feb 20, 2012 6:16am
I just a watched the video on the protrader network "Why women are great traders"
Nice video and i agree that we bith males and females can learn from each other.
Mens disadvantage is our EGO trading and womens disadvantage are their EMOTIONAL trading.

If we get together and learn from each other we can definitely control that and become better traders.
X-man the legendary conqueror of markets
  • #5,027
  • Feb 20, 2012 6:18am Feb 20, 2012 6:18am
Quezoy, Liberum and all frenz,

Please see this link...
http://www.seputarforex.com/analisa/...2_sesi_amerika
I already follow this site and it appears extremely successful benefit system as well as X-Man's is. Only time and the rules we just wait and see. Still not too late for you to follow.
  • #5,028
  • Feb 20, 2012 6:31am Feb 20, 2012 6:31am
Quoting AmaNZ
Quezoy, Liberum and all frenz,

Please see this link...
http://www.seputarforex.com/analisa/...2_sesi_amerika
I already follow this site and it appears extremely successful benefit system as well as X-Man's is. Only time and the rules we just wait and see. Still not too late for you to follow.
Not too late for what? To sell and to put a higher TP?

I would advice you not to follow a free signal site blindly. I can see sell stop and buy stop orders for eurusd. Nothing mentioned about TP's. You have mixed the signals and entered without checking it seems.
  • #5,029
  • Feb 20, 2012 7:20am Feb 20, 2012 7:20am
2 bad transaction today.
1. EU -38
2. AU -28
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 19 KB
  • #5,030
  • Feb 20, 2012 7:24am Feb 20, 2012 7:24am
Quoting Liberum
Not too late for what? To sell and to put a higher TP?

I would advice you not to follow a free signal site blindly. I can see sell stop and buy stop orders for eurusd. Nothing mentioned about TP's. You have mixed the signals and entered without checking it seems.
Anything else, thanks for your advice, I highly appreciate ... I have seen a recommendation on the link and notice it and try it. I do not force you to follow it, I just want teamed course, if you are not interested, so be it. Even now, I keep my trades and If there were any changes, I will take reasonable measures.
  • #5,031
  • Edited Feb 21, 2012 4:01am Feb 20, 2012 7:32am | Edited Feb 21, 2012 4:01am
Quoting robbo1961
2 bad transaction today.
1. EU -38
2. AU -28
Attachment

Attachment
Aww, you should close those losing transactions when you see that TDI is curling big time.

The real killer here is the imprevisible London Open.

And I'll cite Phx62 here:

many times the 1st or 2nd candle will reverse and go the other way.....for me to be confident in that trade, there needs to be some other confirmation (i.e. support levels, strong PA, MA's, long term trend lines, divergence, fib levels, news, etc).....just something to increase the probabilities that PA will continue the direction of my trade.

I made the same mistake today at open, rushed to short but I at least exited fast when I saw PA struggling...

Any time from now on when I'll take a trade at the beginning of the London session I'll always look for firm PA movement my way...and that should happen fast.If the PA stuggles or has signs of retracing I'll just close immediately.That'll be my habit.
  • #5,032
  • Feb 20, 2012 7:35am Feb 20, 2012 7:35am
Daily pivot R3 is holding the price. Anyone entering on the break of R3?
  • #5,033
  • Feb 20, 2012 7:36am Feb 20, 2012 7:36am
Public holiday in the US today so expect lower than usual liquidity. I've closed my long position on EURUSD for +15 due to low market activity leading up to NY open.
  • #5,034
  • Feb 20, 2012 8:09am Feb 20, 2012 8:09am
Quoting emmanuel7788
Hi,

I had planned a H4 trade to long at fib-R 61.8% of the recent high week 06 to week 07 low.
This trun out nicely with the H1 on at the key level 1.3196. This level was in play for few weeks with confluence with fibo levels.

Also what looks like a new 3-waves correction taking shape. Last week swing low has eroded the 3-wave correcion of seen in week 06.

Big Picture always help me stay on course.
A PB with 61.8% and support is a killer confluence and has a higher probability of going into the expected direction.

To make the most out of long term trades it always pays to keep an eye on the bigger picture as higher TF prevails most of the time.

Nice trade
Forex is boring but profitable with patience and discipline
  • #5,035
  • Feb 20, 2012 8:14am Feb 20, 2012 8:14am
Missed the TP by 2-3 pips twice so I am wondering is it going to hit my TP or SL
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 24 KB
Forex is boring but profitable with patience and discipline
  • #5,036
  • Feb 20, 2012 8:22am Feb 20, 2012 8:22am
I was contemplating a short trade after last hours bar and tdi hook down, but since the up coming news has 'rumours' to be positive, i will leave it untill if i see more momentum
  • #5,037
  • Feb 20, 2012 8:29am Feb 20, 2012 8:29am
Quoting nonfiction
Public holiday in the US today so expect lower than usual liquidity. I've closed my long position on EURUSD for +15 due to low market activity leading up to NY open.
is it public holiday too in london? the market seems very quiet today on london session.
public holiday in the US supposedly only affect NY session right? or am i missing something here
  • #5,038
  • Feb 20, 2012 8:40am Feb 20, 2012 8:40am
Quoting X-Man
[color=Blue][size=3]Guys always trade what you see.
There was potential for a double top IF PA didnt break that resistance.
But I wouldve went long caused the market is showing me a upward cross on TDi and PA also showed me an upward momentum.
Right now would be too late to enter but my point is do not trade what you predict. The market will prove you wrong most of the time.
ofcourse we do analyze before the market moves but then when the market moves and confirms our analysis that when we go in that direction.

some of you maybe waiting for...
hello x-man,
how can you define upward momentum using synergy?

p.s: is there any tips to see price movement using this bar? i have a hard time to see price movement using this bar xD. there was a time that i thought the market has a little movement (small bar) but in reality it was not. same as large bar, and in reality it move only a few pips.
  • #5,039
  • Feb 20, 2012 8:43am Feb 20, 2012 8:43am
Quoting robthorp
I was contemplating a short trade after last hours bar and tdi hook down, but since the up coming news has 'rumours' to be positive, i will leave it untill if i see more momentum
Rob, I am with you (possible short) because we are bumping at the top of daily channel with the weekly R1 just above and I think that most of the good news of any bailout has already been factored in by now. Let's not forget that this is at best a fudge not a solution that they are discussing!
Attached Image
  • #5,040
  • Feb 20, 2012 8:50am Feb 20, 2012 8:50am
Hi,

Just to share my trade taken during Asian session. First time using S3 H1 on a JPY pair.

There is good potential for EURJPY. See post#4955.
I'll still keep following this pair this week.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 20 Feb Trade .png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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