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  • #614,801
  • Mar 23, 2012 3:29pm Mar 23, 2012 3:29pm
Quoting voltagetoe
This is how I see beginning of next week:
... next week could be rally to 1.3450 IMHO
Good trading luck to all of us
  • #614,802
  • Mar 23, 2012 3:31pm Mar 23, 2012 3:31pm
Quoting KillerWhale
Okay, may I ask what chart you are looking at?
On MT4 I had a high of 1.32955, but not a open or close.
Not even on the 1 minute chart, so it has been above 1.3290 for less than 1 minute.
Lol, breaking a trend line or resistance for me is at least a 1 hr close, and we're talking here about ................ less than 5 seconds?
That's not breaking, that's called "overshoot".
I was referring to the tick, 3 tick, 5 second and 10 second chart.
Just kidding, perhaps "broke" was not the correct term. "Reaching and temporarily trading above for a couple of milliseconds" is more accurate.

But seriously, I agree with you. An hourly bar needs to close above in order to be considered broken (for medium and long term S/R).
  • #614,803
  • Mar 23, 2012 3:37pm Mar 23, 2012 3:37pm
Quoting GrandeACM
... next week could be rally to 1.3450 IMHO
Maybe. I think that EUR is bearish enough to prevent a move higher than 1.34.
  • #614,804
  • Mar 23, 2012 3:42pm Mar 23, 2012 3:42pm
Quoting GrandeACM
... next week could be rally to 1.3450 IMHO
Why you think Euro will go to 1.3450? The Euro is overvalue, the Eurozone is really bad....Spain,Greece, Portugal...
The fundamentals say eurusd will go 1.29
  • #614,805
  • Mar 23, 2012 3:55pm Mar 23, 2012 3:55pm
Quoting Kowalczyk
I also trade support and resistance levels too but I do not wait for a bounce or break. I enter right away with a tight SL so if I am wrong, I get out fast. Usually, it initially bounces for 15-20 pips so I close 1/3 of my position. Then it might retest and break or just reverse. If my SL is hit, I am BE.
Waht SL is an "tight SL" for you? in pips?
THX
"I am still learning" - Socrates
  • #614,806
  • Mar 23, 2012 4:03pm Mar 23, 2012 4:03pm
Quoting ksensei
Waht SL is an "tight SL" for you? in pips?
THX
Usually, 10-20 pips.
  • #614,807
  • Mar 23, 2012 4:09pm Mar 23, 2012 4:09pm
A big relief, after almost two months since i opened a live account, i managed to finish the week with + on my account, Since i opened the live account, i went from 15k to 3 k, but tonight i managed to close at 17 K. I have to admit, this forum has been a big help for a newbie like me!! Good night and you guys have a good weekend – if you are in London Enjoy the weather like i am going to with my kids. Byehttp://www.forexfactory.com/images/icons/icon6.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #614,808
  • Mar 23, 2012 4:14pm Mar 23, 2012 4:14pm
Quoting ksensei
Waht SL is an "tight SL" for you? in pips?
THX
Less than 10 pips is tight for me.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #614,809
  • Mar 23, 2012 4:24pm Mar 23, 2012 4:24pm
Lol, just checked my Demo account it is now at 243K.hahaha
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #614,810
  • Mar 23, 2012 4:27pm Mar 23, 2012 4:27pm
Hi there again , may i ask who here is fully intraday traders who does this for a living? , and by that i meen have no permanent job , you only trade for yourself daily with real money no demo accounts pls... if i may...
  • #614,811
  • Mar 23, 2012 4:38pm Mar 23, 2012 4:38pm
Quoting gsbotes
Hi there again , may i ask who here is fully intraday traders who does this for a living? , and by that i meen have no permanent job , you only trade for yourself daily with real money no demo accounts pls... if i may...
Well i can tell you that i have been an intraday trader since the late 90s - as a money exchanger- but i am trying to switch to trading. all these time i had staffs and ahd over head like bills and (High) rents but now i found FX the way i liked it
Am i making sence?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #614,812
  • Mar 23, 2012 4:41pm Mar 23, 2012 4:41pm
Quoting ksensei
Waht SL is an "tight SL" for you? in pips?
THX
tight SL is within your spread. now thats tight
  • #614,813
  • Mar 23, 2012 4:46pm Mar 23, 2012 4:46pm
Quoting darimik
tight SL is within your spread. now thats tight
Hi Darimik,
couple of days ago you commented for my reply, and i moved my SL from 1.0365 to 1.03 on AUD(was making a big loss then ). i closed that trade with some gooood green pips just before the end of the week. thank you!http://www.forexfactory.com/images/icons/icon14.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #614,814
  • Mar 23, 2012 4:46pm Mar 23, 2012 4:46pm
Quoting Avir
Well i can tell you that i have been an intraday trader since the late 90s - as a money exchanger- but i am trying to switch to trading. all these time i had staffs and ahd over head like bills and (High) rents but now i found FX the way i liked it
Am i making sence?
yes you are , no coz im also moving into same situation and wanted to ask the experience traders who do this for a living:
1. Target amount of pips daily
2. Target amount of $ monthly
3. what would be a good deposit investment amount to start on
  • #614,815
  • Mar 23, 2012 4:47pm Mar 23, 2012 4:47pm
Quoting gsbotes
Hi there again , may i ask who here is fully intraday traders who does this for a living? , and by that i meen have no permanent job , you only trade for yourself daily with real money no demo accounts pls... if i may...
good question!
that's the million $ question...who

i'll clue you in!...probably someone like killerwhale or tumuz
Daytrader
  • #614,816
  • Mar 23, 2012 4:56pm Mar 23, 2012 4:56pm
Quoting mahimahi
good question!
that's the million $ question...who

i'll clue you in!...probably someone like killerwhale or tumuz
haha ye but Tumarz trades clients money and charges a percentage so thats kinda a working for someone...
But i dont necessarily mean who has millions , just asking who trades for a living and pays the bills of it
  • #614,817
  • Mar 23, 2012 4:56pm Mar 23, 2012 4:56pm
Quoting Avir
Hi Darimik,
couple of days ago you commented for my reply, and i moved my SL from 1.0365 to 1.03 on AUD(was making a big loss then ). i closed that trade with some gooood green pips just before the end of the week. thank you!http://www.forexfactory.com/images/icons/icon14.gif
I just asked what your plan was.. you managed it yourself ..

I personally write all my trades on the wall, so I can analyze them now. It also always reminds of the shitty ones. In addition to that, it eliminates silly revenge entries.

my P/L's standard deviation is way too high, which means I have this weekend to work on it.. The week is green, but its a rollercoaster.
  • #614,818
  • Mar 23, 2012 5:10pm Mar 23, 2012 5:10pm
Since its now the weekend maybe the pro's here can answer another question for me. I have taken the advice about buying a laptop instead of using Crossover for my Apple Imac to get a Metatrade 4 account. My next question is what company to use for the Metatrade 4? Im starting out and still learning quite a bit but it seems to me that this will be a valuable tool in my toolbox.

Thanks for any help

Shawn
  • #614,819
  • Edited Mar 24, 2012 4:43am Mar 23, 2012 5:13pm | Edited Mar 24, 2012 4:43am
Quoting darimik
I just asked what your plan was.. you managed it yourself ..

I personally write all my trades on the wall, so I can analyze them now. It also always reminds of the shitty ones. In addition to that, it eliminates silly revenge entries.

my P/L's standard deviation is way too high, which means I have this weekend to work on it.. The week is green, but its a rollercoaster.
Hi again,
please dont take this offencive, i am here to learn and make friends.! .http://www.forexfactory.com/images/icons/icon7.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #614,820
  • Mar 23, 2012 5:14pm Mar 23, 2012 5:14pm
Quoting shawn3245
Since its now the weekend maybe the pro's here can answer another question for me. I have taken the advice about buying a laptop instead of using Crossover for my Apple Imac to get a Metatrade 4 account. My next question is what company to use for the Metatrade 4? Im starting out and still learning quite a bit but it seems to me that this will be a valuable tool in my toolbox.

Thanks for any help

Shawn
metatrader 4 sucks for trading (General Consensus) but its great for charting. And charting you can use anyone. I have a demo account with Windsor, purely for the reason of having USDx. Other like Fxpro, alpari have most of the instruments you need.

As far as picking one over another when comparing executions, I can only leave this for other people to answer. I personally no longer execute anything using mt4.
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