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  • #7,521
  • Mar 5, 2012 9:22am Mar 5, 2012 9:22am
Quoting Rokz
Should have waited for 1.06990 S1 you would get a better price.
Not if it doesn't reach that he won't
  • #7,522
  • Mar 5, 2012 9:23am Mar 5, 2012 9:23am
Quoting pixelboy
Just took the short on AUDUSD @ 1.0676. Using the fib expansion for stop loss and target. Stop @ 1.0706, TP @ 1.0615.

(Edit: Short was from the 1.7 signal + confirmation from the H1 trend.)

Let's see if the US news can shift it in the right direction!

PB
Nice trade, it missed my pending near S1 . Didn't get the price I was after but still in.
  • #7,523
  • Mar 5, 2012 9:24am Mar 5, 2012 9:24am
Quoting snarlyjack
Yelena,

What would happen if you didn't like trading off of 2 charts.
And you just traded off of the 5 minute chart?

If a person took every signal on the 5 minute chart and
just looked at the 5 minute chart, how well do you
think they would do?

The 1 hour chart to me looked very flat last night?
In my opinion not a lot of trades last night on the
1 hour eur/dol chart?

tks

snarlyjack
I trade off both separately and do very well, and there is usually an average of 1 trade a day on EU on the 1hr.
  • #7,524
  • Mar 5, 2012 9:24am Mar 5, 2012 9:24am
Quoting ohammond
Not if it doesn't reach that he won't
Hehe I know I had pending waiting for an awesome entry.
  • #7,525
  • Mar 5, 2012 9:47am Mar 5, 2012 9:47am
Quoting Rokz
Nice trade, it missed my pending near S1 . Didn't get the price I was after but still in.
You missed that one, but I agree with you, it would have been better to wait for a good retrace. That's one of my many failings...I tend to dive in when I see a signal and the price moving off, instead of looking for that better price.

Edit: closed out the AUDUSD trade for +10 as I didn't like the look of the price action in the AU or EUR.

Edit edit: Still holding the EURUSD short...and praying!

Edit edit edit: EURUSD hit the SL: -64 pips :-(

PB
  • #7,526
  • Mar 5, 2012 9:54am Mar 5, 2012 9:54am
Quoting pixelboy
You missed that one, but I agree with you, it would have been better to wait for a good retrace. That's one of my many failings...I tend to dive in when I see a signal and the price moving off, instead of looking for that better price.

Edit: closed out the AUDUSD trade for +10 as I didn't like the look of the price action in the AU or EUR.

Edit edit: Still holding the EURUSD short...and praying!

Edit edit edit: EURUSD hit the SL: -64 pips :-(

PB
Go through todays trades on M5 and I think you will find you will have been better off going in on a signal and coming out on an opposite signal then going into that one instead, count the pips, using the fibonacci expansion for tp unless there is an opposite full signal.
  • #7,527
  • Mar 5, 2012 10:00am Mar 5, 2012 10:00am
Quoting pixelboy
You missed that one, but I agree with you, it would have been better to wait for a good retrace. That's one of my many failings...I tend to dive in when I see a signal and the price moving off, instead of looking for that better price.

Edit: closed out the AUDUSD trade for +10 as I didn't like the look of the price action in the AU or EUR.

Edit edit: Still holding the EURUSD short...and praying!

Edit edit edit: EURUSD hit the SL: -64 pips :-(

PB
Im long on EU, got a few short scalps. But symphony and my CCI is showing long on almost 4 timeframes. Plus there is an upward channel.
  • #7,528
  • Mar 5, 2012 10:03am Mar 5, 2012 10:03am
Screenshot,

EURUSD 5min

http://i39.tinypic.com/zv96b.png

This is buy no means advising you, this is a personal opinion.
  • #7,529
  • Mar 5, 2012 10:15am Mar 5, 2012 10:15am
Quoting snarlyjack
What would happen if you didn't like trading off of 2 charts.And you just traded off of the 5 minute chart?
ahh.. i remember the months i cursed symphonie (M5)

still yet to learn how to trade that TF

there were lotsa action in AU and AJ! that's why i use 3 currencies. maybe GU would be a good pair for you.

have a feeling you liquidated your buy at a loss, didn't you? in H1 there's no reversed long tail, no bear HA, all above MA, so far from SL (whether you had 50 or 75), PA is healthy, there's a blue arrow

H1 requires patience, readabout UFO stuffs, watch History's Ancient Aliens.. lol...

second TP1 in EU hit yet again. buy 1.3209 out 1.3236
daily running 147 pips - end of day. 11 hours.

trade carfully people.
  • #7,530
  • Mar 5, 2012 10:18am Mar 5, 2012 10:18am
Quoting pixelboy
Just took the short on AUDUSD @ 1.0676. Using the fib expansion for stop loss and target. Stop @ 1.0706, TP @ 1.0615.

(Edit: Short was from the 1.7 signal + confirmation from the H1 trend.)

Let's see if the US news can shift it in the right direction!

PB

TP1 1.0658, liquidate now. or up to you. PA looks healthy anyway. could just hit your 0651
  • #7,531
  • Mar 5, 2012 10:22am Mar 5, 2012 10:22am
Quoting yelena
ahh.. i remember the months i cursed symphonie (M5)

still yet to learn how to trade that TF

there were lotsa action in AU and AJ! that's why i use 3 currencies. maybe GU would be a good pair for you.

have a feeling you liquidated your buy at a loss, didn't you? in H1 there's no reversed long tail, no bear HA, all above MA, so far from SL (whether you had 50 or 75), PA is healthy, there's a blue arrow

H1 requires patience, readabout UFO stuffs, watch History's Ancient Aliens.. lol...

second TP1 in EU hit yet again. buy 1.3209...
Jeez Yelena nice trading, are you still using your 10TP 20SL for the hourly?
  • #7,532
  • Mar 5, 2012 10:24am Mar 5, 2012 10:24am
Quoting ohammond
Go through todays trades on M5 and I think you will find you will have been better off going in on a signal and coming out on an opposite signal then going into that one instead, count the pips, using the fibonacci expansion for tp unless there is an opposite full signal.
I have only had two M5 signals on EURUSD today. The first was the short I took around 1.3164 which signalled at 9:15 GMT. With no stop loss, that would have been at -59 pips when the long signal came in about 15 minutes ago. That would be sitting around +10 pips as I write this.

I'm using the 1.7 signal indi. Are you referring to trades purely off the matrix?

PB
  • #7,533
  • Mar 5, 2012 10:28am Mar 5, 2012 10:28am
I've only been trading the last few hours, but check out the screenshot I posted I had a perfect buy with matrix lined up with green on the CCI. I use Matrix, Signaller to see other timeframes and the CCI to see a larger cycle.
  • #7,534
  • Mar 5, 2012 10:29am Mar 5, 2012 10:29am
Quoting Rokz
Jeez Yelena nice trading, are you still using your 10TP 20SL for the hourly?
nah. TP10 if counter trend, but fibo if with the trend. i was expcting that AJ and AU will follow thru with EU's friday's price movent (thank heaven it did). then all 3 with a tiny reversal. when i saw EU confirmed a reversal, i went ahead with TP1. nice, neh?

imagine how much goddess olivia did today!
  • #7,535
  • Mar 5, 2012 10:33am Mar 5, 2012 10:33am
Quoting yelena
nah. TP10 if counter trend, but fibo if with the trend. i was expcting that AJ and AU will follow thru with EU's friday's price movent (thank heaven it did). then all 3 with a tiny reversal. when i saw EU confirmed a reversal, i went ahead with TP1. nice, neh?

imagine how much goddess olivia did today!
So much for AU and EU correlation I'm getting complete opposite signals on these suckers.
  • #7,536
  • Mar 5, 2012 10:39am Mar 5, 2012 10:39am
Quoting Rokz
So much for AU and EU correlation I'm getting complete opposite signals on these suckers.
you're thinking linear ....there are positive and negative correlations. AU and AJ are completing what they did not in Friday's trading. besides 15:00 and 16:00 GMT+2 are double tops, reinforcing bearshing trend. prices should be stabilizing by now... need to nap.
  • #7,537
  • Mar 5, 2012 10:45am Mar 5, 2012 10:45am
I'll forecast the EURUSD will climb to 1.3280 before continuing it's drop below 1.3000...that will be a 38.2% retrace from the high on the 28th and there's a nice bit of resistance dead on that point.

...and if I'm correct, it will be the first time.

:-)

PB
  • #7,538
  • Mar 5, 2012 10:49am Mar 5, 2012 10:49am
Quoting pixelboy
I'll forecast the EURUSD will climb to 1.3280 before continuing it's drop below 1.3000...that will be a 38.2% retrace from the high on the 28th and there's a nice bit of resistance dead on that point.

...and if I'm correct, it will be the first time.

:-)

PB
Hehe nice call, I have read that elsewhere also. So your pointing in the right direction imo.
  • #7,539
  • Mar 5, 2012 12:28pm Mar 5, 2012 12:28pm
took this trade an hour into london but price never went my direction. I wouldve exited at the 4th extreme but there was error during my demo that said the trade was disabled and didnt let me close it.

any reason why this trade failed? price never reached the support level and reversed quite strongly unless my pivots are not calculated correctly.

3 other trades in kiwi and ucad closed at +6 each. and AU closed at +11

overall down -45 for the day. Didnt think there would be much action since it was the first london session but I guess the 5m doesnt matter as you can still scalp the market.
Attached Image (click to enlarge)
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  • #7,540
  • Mar 5, 2012 12:52pm Mar 5, 2012 12:52pm
Quoting Dyekid217
...but there was error during my demo that said the trade was disabled and didnt let me close it.

any reason why this trade failed? price never reached the support level and reversed quite strongly unless my pivots are not calculated correctly.
sometimes a 'Trade context busy'.

restart MT4 and try to close again. this should fix it. or it is a broker issue if their server are down
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