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EURUSD

  • #675,461
  • Aug 5, 2012 4:08pm Aug 5, 2012 4:08pm
Quoting scalperdebes
headin st for 2407 overcome that, strong resistance at 2461(showtime)
Why would that be a strong resistance?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,462
  • Aug 5, 2012 4:08pm Aug 5, 2012 4:08pm
MONDAY TRADING OUTLOOK
Friday trading ended with a sudden turnaround from the bear position to Bull position for most major currencies like EJ,GJ,GU,EU. With available data our bias for monday will be LONG for the following currency pairs: GU,GJ,EJ,EU.

HOW WILL WE TRADE THESE CURRENCY PAIRS ON MONDAY:

We will either BUY EU, EJ, GJ, GU

1) at the Pivot point or

2) at the touch or break of 1hr 21-EMA.

Have a nice trading week ahead.
  • #675,463
  • Aug 5, 2012 4:09pm Aug 5, 2012 4:09pm
Quoting pkimnyc
i was refering to inverted.

I agree it's inverted... but it looks slanted, suggesting neckline won't be reached till around 2437 - not sure what that says about direction tho
  • #675,464
  • Aug 5, 2012 4:09pm Aug 5, 2012 4:09pm
Look!! the red line is the key
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.gif Size: 25 KB
  • #675,465
  • Aug 5, 2012 4:09pm Aug 5, 2012 4:09pm
Quoting Chicky
Make sure Joaquín Ayman Dawood Semion Nasir Matteo Alimzhan Félicien Joseph Dokka & Associates is not your broker.
lol
  • #675,466
  • Aug 5, 2012 4:10pm Aug 5, 2012 4:10pm
Quoting RWalker
I agree it's inverted... but it looks slanted, suggesting neckline won't be reached till around 2437 - not sure what that says about direction tho
...

that trade is done and over with anyway. not worth discussing.
  • #675,467
  • Aug 5, 2012 4:10pm Aug 5, 2012 4:10pm
Quoting scalperdebes
headin st for 2407 overcome that, strong resistance at 2461(showtime)
We"ve had 250bps on friday, 80 more seems a bit too much without substantial annoucement.

I dont remember i've seen 350bps on 2 days on BS.
  • #675,468
  • Aug 5, 2012 4:11pm Aug 5, 2012 4:11pm
Quoting Afarensis
Look!! the red line is the key
what indicator is that?
  • #675,469
  • Aug 5, 2012 4:12pm Aug 5, 2012 4:12pm
Quoting unclenna
MONDAY TRADING OUTLOOK
Friday trading ended with a sudden turnaround from the bear position to Bull position for most major currencies like EJ,GJ,GU,EU. With available data our bias for monday will be LONG for the following currency pairs: GU,GJ,EJ,EU.

HOW WILL WE TRADE THESE CURRENCY PAIRS ON MONDAY:

We will either BUY EU, EJ, GJ, GU

1) at the Pivot point or

2) at the touch or break of 1hr 21-EMA. [color=Red]

Have a nice trading week...
People are still net shorts on EURUSD.
  • #675,470
  • Aug 5, 2012 4:12pm Aug 5, 2012 4:12pm
Quoting unclenna
MONDAY TRADING OUTLOOK
Friday trading ended with a sudden turnaround from the bear position to Bull position for most major currencies like EJ,GJ,GU,EU. With available data our bias for monday will be LONG for the following currency pairs: GU,GJ,EJ,EU.

HOW WILL WE TRADE THESE CURRENCY PAIRS ON MONDAY:

We will either BUY EU, EJ, GJ, GU

1) at the Pivot point or

2) at the touch or break of 1hr 21-EMA. [color=Red]

Have a nice trading week...
I hope for you that your trading qualities are as good as your copy & paste qualities.
Maybe you could mention the source?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,471
  • Aug 5, 2012 4:15pm Aug 5, 2012 4:15pm
66% shorts on my broker. Havent seen that number for a while... people reversed to that from 55% long on thursday.
  • #675,472
  • Aug 5, 2012 4:16pm Aug 5, 2012 4:16pm
Quoting divak
1.2379??? what is ur broker? im above 2396
my broker is yet to open
  • #675,473
  • Aug 5, 2012 4:17pm Aug 5, 2012 4:17pm
Quoting KillerWhale
I hope for you that your trading qualities are as good as your copy & paste qualities.
Maybe you could mention the source?
source : Usain Bolt
  • #675,474
  • Aug 5, 2012 4:17pm Aug 5, 2012 4:17pm
Quoting divak
what indicator is that?
Original Turtle Rules:
To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.

Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A.k.a S1)
Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 using a different color. (A.k.a S2)
The entry strategy using S1 is as follows

Buy 20-day breakouts using S1 only if last signaled trade was a loss.
Sell 20-day breakouts using S1 only if last signaled trade was a loss.
If last signaled trade by S1 was a win, you shouldn't trade -Irregardless of the direction or if you traded last signal it or not-
The entry strategy using S2 is as follows:

Buy 55-day breakouts only if you ignored last S1 signal and the market is rallying without you
Sell 55-day breakouts only if you ignored last S1 signal and the market is pluging without you
The turtles had a progressive position sizing approach that boosted their winnings. Once a trading decision has been made you should...

Enter the market with 2% risk. Place stop-loss 2ATR from the opening price.
If the position moves in your favor 1/2ATR, enter the market again with 2% risk and trail all stop-losses 2ATR from current price.
If the position moves in your favor 1/2ATR, enter the market again with 2% risk and trail all stop-losses 2ATR from current price.
If the position moves in your favor 1/2ATR, enter the market again with 2% risk and trail all stop-losses 2ATR from current price.
Stop adding to positions when 4 positions have been taken. (*** And see money management rule below)
The exit strategy is performed using the dotted line of the indicator:

Exit longs taken using S1 when price action closes below a 10-day low
Exit shorts taken using S1 when price action closes above a 10-day high
Exit longs taken using S2 when price action closes below a 20-day low
Exit shorts taken using S2 when price action closes avove a 20-day high
The turtles had very strict money management too. Initial position risk was 2%, but it decreased according to the current drawdown.

If the account had a 10% drawdown, the risk for each trade should decrease a 20%
If the account had a 20% drawdown, the risk for each trade should decrease a 40%.
If the account had a 30% drawdown, the risk for each trade should decrease a 60%.
So, if the account had a N% drawdown, the risk for each trade should decrease N*2%.
  • #675,475
  • Aug 5, 2012 4:18pm Aug 5, 2012 4:18pm
Quoting divak
66% shorts on my broker. Havent seen that number for a while... people reversed to that from 55% long on thursday.
indeed all the resistance in es on friday are all short set ups.. bumped prices into resistance and selling rallies
  • #675,476
  • Aug 5, 2012 4:23pm Aug 5, 2012 4:23pm
Quoting SnaveForex
indeed all the resistance in es on friday are all short set ups.. bumped prices into resistance and selling rallies
i see that thing touching 1.23 today. Just a feeling.
Friday looks like a rocket going into space. Im not sure there's still enough gas left in the tank for today. Need for a pit stop.
  • #675,477
  • Aug 5, 2012 4:26pm Aug 5, 2012 4:26pm
its Sunday, its Sydney, there is a huge resistance @1.2400-1.2440 no way it can be broken b4 the end of Tokyo session. Free fall is in play now
Knowledge will give you POWER, but character RESPECT
  • #675,478
  • Aug 5, 2012 4:33pm Aug 5, 2012 4:33pm
hello.i am a newbie.what means QE and what will hapend if benny will say tomorow yes for QE?
  • #675,479
  • Aug 5, 2012 4:40pm Aug 5, 2012 4:40pm
Quoting Afarensis
Original Turtle Rules:
To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.

Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A.k.a S1)
Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 using a different color. (A.k.a S2)
The entry strategy using S1 is as follows

Buy 20-day breakouts using S1 only if last signaled trade was a loss.
Sell 20-day breakouts using S1 only if last signaled trade was a loss.
If last signaled trade by S1 was a win,...
intersting post afarensis. been a while that someone brought up the turtles here. you refer to their original rules and from having read their story I recall that not all went smooth...
http://www.turtletrader.com/curtis-faith.html
  • #675,480
  • Aug 5, 2012 4:45pm Aug 5, 2012 4:45pm
Quoting 2046
intersting post afarensis. been a while that someone brought up the turtles here. you refer to their original rules and from having read their story I recall that not all went smooth...
http://www.turtletrader.com/curtis-faith.html

Thanks..better link here.. http://codebase.mql4.com/8295#45706 is a gift for you.......
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