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  • #669,961
  • Jul 19, 2012 10:26pm Jul 19, 2012 10:26pm
Quoting -Melo-
you made 350 pips out of the EUR/USD
about 180 PIPS came out of the EUR/USD lol
There are those who know, and there are those who don't know.
  • #669,962
  • Jul 19, 2012 10:27pm Jul 19, 2012 10:27pm
Quoting palabara
about 180 PIPS came out of the EUR/USD lol
are you a scalper ??
Alternatives are more important than the plan itself
  • #669,963
  • Jul 19, 2012 10:27pm Jul 19, 2012 10:27pm
Quoting palabara
about 180 PIPS came out of the EUR/USD lol
It could have been more.. If I didn't over slept on monday.. I woke up only to see a retracement, didn't get to do anything with it.. That was extra 80 pips that slipped by.
There are those who know, and there are those who don't know.
  • #669,964
  • Jul 19, 2012 10:28pm Jul 19, 2012 10:28pm
Quoting -Melo-
are you a scalper ??
I am swing/short term trader.
There are those who know, and there are those who don't know.
  • #669,965
  • Jul 19, 2012 10:31pm Jul 19, 2012 10:31pm
Quoting palabara
It could have been more.. If I didn't over slept on monday.. I woke up only to see a retracement, didn't get to do anything with it.. That was extra 80 pips that slipped by.
so what was your percentage of profit for this week alone? I find quite impressive that you made profit out of this pair with all the uncertainty. what strategy told you to buy or short the Euro/?
Alternatives are more important than the plan itself
  • #669,966
  • Jul 19, 2012 10:32pm Jul 19, 2012 10:32pm
Quoting palabara
I am swing/short term trader.
Oh, i understand. this week was good for all swing trader after all
Alternatives are more important than the plan itself
  • #669,967
  • Jul 19, 2012 10:38pm Jul 19, 2012 10:38pm
Quoting -Melo-
so what was your percentage of profit for this week alone? I find quite impressive that you made profit out of this pair with all the uncertainty. what strategy told you to buy or short the Euro/?
I have 2 systems.. both are for.. Intraday trading. They are setup on the 1H charts. I look at fundamental data and calculate the risk of it..

All those nice tools put away.. I use simple support and resistance.. Market Sentiment. I get information.. for real money buyers.. I.E institutions who move this markets..

Combine everything together.. and depending on the situation.. I either use very tight S/L or.. I let it free roam until it hits a certain support or resistance.. and breaks it at that point, I know cut the position, don't even think about it.

Short term ranges are my specialty. I always, draw the range from where and where, and then adjust it accordingly.. If the market extended the range.. or the range shifted or it broke out and now trending.. Ranges are very important, you can make really good money in range trading..

Like for example.. the other day.. I wrote down the Euro from 1.2300.. took a nice profit.. and then rode it back up.. took profit again.. then exited then reopened position..

So I've been riding closing and opening positions. Right now, I have a position with the Euro for a break above 1.2325, because Like I've said the market is consolidating.. I'll post a chart.. and show you whats going on..
There are those who know, and there are those who don't know.
  • #669,968
  • Jul 19, 2012 10:44pm Jul 19, 2012 10:44pm
Here is the chart

Attached Image (click to enlarge)
Click to Enlarge Name: conslidation.gif Size: 25 KB
http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3Ehttp://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3Ehttp://www.forexfactory.com/C:%5CUse...nslidation.gif
There are those who know, and there are those who don't know.
  • #669,969
  • Jul 19, 2012 10:46pm Jul 19, 2012 10:46pm
Quoting mercy seat
With a good finance service you will have never slippage ...

Never, never, never ...

As accurate and precise execution (to the tiniest digit size!) is everything ...

###

In case your finance service cannot guarantee not to have such useless things like slippage ... stop your engagement with them immediately ...

That is not acceptable ... never it is ... even not in super high volatile markets ...

Slippage is clear hint of fraudster finance service with very bad connections and poor reliability only ...

If...

Who do you trade with?
"Men who can both be right and sit tight are uncommon."
  • #669,970
  • Jul 19, 2012 10:47pm Jul 19, 2012 10:47pm
Quoting palabara
I have 2 systems.. both are for.. Intraday trading. They are setup on the 1H charts. I look at fundamental data and calculate the risk of it..

All those nice tools put away.. I use simple support and resistance.. Market Sentiment. I get information.. for real money buyers.. I.E institutions who move this markets..

Combine everything together.. and depending on the situation.. I either use very tight S/L or.. I let it free roam until it hits a certain support or resistance.. and breaks it at that point, I know cut the position, don't even think...
Dangdut is a music of my country
  • #669,971
  • Jul 19, 2012 10:48pm Jul 19, 2012 10:48pm
Quoting palabara
Here is the chart

Attachment http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3Ehttp://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3Ehttp://www.forexfactory.com/C:%5CUse...nslidation.gif...
Your chart is field with indicator, how long have you been using this method ??
Alternatives are more important than the plan itself
  • #669,972
  • Jul 19, 2012 10:49pm Jul 19, 2012 10:49pm
Quoting -Melo-
Your chart is field with indicator, how long have you been using this method ??
few years now
There are those who know, and there are those who don't know.
  • #669,973
  • Jul 19, 2012 10:51pm Jul 19, 2012 10:51pm
Quoting palabara
few years now
How do you know if the market is at a top or bottom. Do you use your indicators or you guess it through the price action ??
Alternatives are more important than the plan itself
  • #669,974
  • Jul 19, 2012 10:51pm Jul 19, 2012 10:51pm
Quoting palabara
few years now
At first forex hasn't been kind to me.. Now it is.. I am financing a business using the money, I am making here
There are those who know, and there are those who don't know.
  • #669,975
  • Jul 19, 2012 10:54pm Jul 19, 2012 10:54pm
Quoting palabara
At first forex hasn't been kind to me.. Now it is.. I am financing a business using the money, I am making here
man thats awesome. Do you try to make 100% or 200% a year or little less ??
Alternatives are more important than the plan itself
  • #669,976
  • Jul 19, 2012 10:56pm Jul 19, 2012 10:56pm
Quoting palabara
Is everyone in agreement the euro IS going UP?!
could be. but 2202 min and 2136 are indicated. i may long after 2136.. 2124/36 i will be looking..
those who can, do. those who cant, talk about those who can
  • #669,977
  • Jul 19, 2012 10:56pm Jul 19, 2012 10:56pm
Quoting -Melo-
How do you if the market is at a top or bottom. Do you use your indicators or you guess it through the price action ??
I use my indicators as.. a confirmation. The one.. I've posted it's pretty good, because its not lagging.. and it gives you a good situational awareness.. The other system.. is a tad bit laggy, but its a stronger reinforce. So when both of them indicating the same thing.. I know.. I've got a good signal. Most of the time.. I'd take a position BEFORE they indicate and then wait for them to confirm.. if its heading in that general direction.

Price Action is my main thing.. and its all about support and resistance. You know when 1.2325 is broken.. its going to run up.. its a given.. but, take Euro/Usd for example.. I've been watching this currency for over 10 years.. I know how it moves, how it operates. Every now and then it throws a curve ball, but most of the time it sticks to its thing.. I can tell just by looking at it.. retracement.. further up further down.. etc.. But, no matter how sure, I am.. Always got to protect yourself.. if it go's against me.. just cut it.. Not worth hanging on to it.. it took me a long time to learn that lesson.
There are those who know, and there are those who don't know.
  • #669,978
  • Jul 19, 2012 10:57pm Jul 19, 2012 10:57pm
Quoting -Melo-
man thats awesome. Do you try to make 100% or 200% a year or little less ??
I don't really keep track.. I trade multiple accounts.. and I don't keep money in my brokers. I don't trust them.. I just do constant withdrawals, and keep enough money for me to trade with.
There are those who know, and there are those who don't know.
  • #669,979
  • Jul 19, 2012 10:59pm Jul 19, 2012 10:59pm
Quoting palabara
I don't really keep track.. I trade multiple accounts.. and I don't keep money in my brokers. I don't trust them.. I just do constant withdrawals, and keep enough money for me to trade with.
Few months ago.. I've made $3500 in one month -- starting from $100 investment.
There are those who know, and there are those who don't know.
  • #669,980
  • Jul 19, 2012 11:00pm Jul 19, 2012 11:00pm
Quoting palabara
Few months ago.. I've made $3500 in one month -- starting from $100 investment.
But, I traded 3 accounts.. with multiple positions.
There are those who know, and there are those who don't know.
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