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EURUSD

  • #687,261
  • Sep 2, 2012 8:51pm Sep 2, 2012 8:51pm
My H4 view.
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Click to Enlarge Name: 4hourview.jpg Size: 115 KB
Time turns trend. - W.D. Gann
  • #687,262
  • Sep 2, 2012 8:55pm Sep 2, 2012 8:55pm
Quoting ForExtraPips
My H4 view.
mind explaining your perspective? We can all look at a painting and have different opinions about what it represents. I'd like to hear your view, thanks.
  • #687,263
  • Sep 2, 2012 8:58pm Sep 2, 2012 8:58pm
Quoting NewbTrader7
mind explaining your perspective? We can all look at a painting and have different opinions about what it represents. I'd like to hear your view, thanks.
looks like a bunch of lines on a candle stick chart, i suppose attempting to predict market movement.
AVT INVENIAM VIAM AVT FACIAM
  • #687,264
  • Sep 2, 2012 9:02pm Sep 2, 2012 9:02pm
Quoting the redlion
looks like a bunch of lines on a candle stick chart, i suppose attempting to predict market movement.
You are correct. Connecting tops in a downtrend and connecting bottoms in an uptrend. It's done wonders with my trading.
Time turns trend. - W.D. Gann
  • #687,265
  • Sep 2, 2012 9:06pm Sep 2, 2012 9:06pm
Quoting the redlion
looks like a bunch of lines on a candle stick chart, i suppose attempting to predict market movement.
Smart
New voice message: Why are you calling me? If I need you, I'll call you!
  • #687,266
  • Sep 2, 2012 9:18pm Sep 2, 2012 9:18pm
Quoting NewbTrader7
mind explaining your perspective? We can all look at a painting and have different opinions about what it represents. I'd like to hear your view, thanks.
Sure. I'm just projecting price to go up some before it comes back down. You know how they like to manipulate price, with their short squeezes, by bringing the price up, to knock out the weak shorts, then down it falls. My main trade I have is a sell limit @ 1.2632, sl @ 1.2690, with my tp @ 1.2400. Close to a R:R 1:4 I like picking tops and bottoms.
Time turns trend. - W.D. Gann
  • #687,267
  • Sep 2, 2012 9:27pm Sep 2, 2012 9:27pm
Quoting ForExtraPips
My H4 view.
Thanks for it
Oooooooooopppppppppssssssss
  • #687,268
  • Sep 2, 2012 9:29pm Sep 2, 2012 9:29pm
Quoting Crucifix
Thanks for it
No problem.
Time turns trend. - W.D. Gann
  • #687,269
  • Sep 2, 2012 9:32pm Sep 2, 2012 9:32pm
Quoting ForExtraPips
Sure. I'm just projecting price to go up some before it comes back down. You know how they like to manipulate price, with their short squeezes, by bringing the price up, to knock out the weak shorts, then down it falls. My main trade I have is a sell limit @ 1.2632, sl @ 1.2690, with my tp @ 1.2400. Close to a R:R 1:4 I like picking tops and bottoms.
Thank you! I appreciate the response.

edit: I'm also long this pair up to around that area where you have your sell limit. The 4hr chart looks like a bull flag setup. I haven't entered yet, going to wait for a pullback w/ a tight stop loss.
  • #687,270
  • Sep 2, 2012 9:41pm Sep 2, 2012 9:41pm
Quoting NewbTrader7
Thank you! I appreciate the response.

edit: I'm also long this pair up to around that area where you have your sell limit. The 4hr chart looks like a bull flag setup. I haven't entered yet, going to wait for a pullback w/ a tight stop loss.
Yeah, my long only has a 13 pip sl, it almost hit it earlier, but still in it. tp @ 1.2630. Entered @ 1.2572 GL
Time turns trend. - W.D. Gann
  • #687,271
  • Sep 2, 2012 9:51pm Sep 2, 2012 9:51pm
Just like right now, I'm waiting to see what this H1 candle is going to do, before I determine on whether to close my long, or let it go, before bed.
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Time turns trend. - W.D. Gann
  • #687,272
  • Sep 2, 2012 9:54pm Sep 2, 2012 9:54pm
Quoting ForExtraPips
Yeah, my long only has a 13 pip sl, it almost hit it earlier, but still in it. tp @ 1.2630. Entered @ 1.2572 GL
good luck to you as well.
  • #687,273
  • Sep 2, 2012 9:55pm Sep 2, 2012 9:55pm
Quoting ForExtraPips
Yeah, my long only has a 13 pip sl, it almost hit it earlier, but still in it. tp @ 1.2630. Entered @ 1.2572 GL
why 13 pip? the average return for this pair is 0.49%. average range is [78,148] with P=0.5

why take a Sl so close to volatility?

just a question
AVT INVENIAM VIAM AVT FACIAM
  • #687,274
  • Sep 2, 2012 9:57pm Sep 2, 2012 9:57pm
Quoting the redlion
why 13 pip? the average return for this pair is 0.49%. average range is [78,148] with P=0.5

why take a Sl so close to volatility?

just a question
Whenever I take a trade, I like to use a R:R ratio of 1:4. So that way, even if I'm right only one out of four times, I'm still a profitable trader. And I only trade part time. Mainly set and forget type orders.
Time turns trend. - W.D. Gann
  • #687,275
  • Sep 2, 2012 9:58pm Sep 2, 2012 9:58pm
London is 0557 and its a Holiday in the US tomorrow.....anyway, i gotta see a patient see you guys later
AVT INVENIAM VIAM AVT FACIAM
  • #687,276
  • Sep 2, 2012 10:00pm Sep 2, 2012 10:00pm
Quoting ForExtraPips
Whenever I take a trade, I like to use a R:R ratio of 1:4. So that way, even if I'm right only one out of four times, I'm still a profitable trader. And I only trade part time. Mainly set and forget type orders.
set and forget, with R:R of 1:4

I would like to know what model you use for those predictions, Risk is known reward is NEVER known,

with a 13 pip stop, noise knocks you out, increasing your risk tremendously.....I don't see it being a viable long term strategy
AVT INVENIAM VIAM AVT FACIAM
  • #687,277
  • Sep 2, 2012 10:06pm Sep 2, 2012 10:06pm
Quoting mohan76
Australian retail data might come negative usually July retails not so good as we have tax year end sales in June (but this year we did not had much special on june ),
i just got back home , mmm Aussie gave negative data As expected , time for hibernation
Mohan
  • #687,278
  • Sep 2, 2012 10:08pm Sep 2, 2012 10:08pm
Quoting mohan76
i just got back home , mmm Aussie gave negative data As expected , time for hibernation
Have a good month sleep, we'll go long Oct first.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #687,279
  • Sep 2, 2012 10:10pm Sep 2, 2012 10:10pm
Quoting the redlion
set and forget, with R:R of 1:4

I would like to know what model you use for those predictions, Risk is known reward is NEVER known,

with a 13 pip stop, noise knocks you out, increasing your risk tremendously.....I don't see it being a viable long term strategy
Normally, my best minimal sl R:R trades have been where I'm risking 25 pips to gain 100 pips. And anything greater than that. Those types of trades are what's keeping me in this game, in regards to capital preservation. I'll admit, this trade that I took tonight, was out of the blue. I need to stop chasing price, and let it come to me.
Time turns trend. - W.D. Gann
  • #687,280
  • Sep 2, 2012 10:15pm Sep 2, 2012 10:15pm
Quoting KillerWhale
Have a good month sleep, we'll go long Oct first.
i am bit scare to fight with bear after seeing last may may , let see how BEN bull work , i will try to find 5/10 pip sneak trade
other wise i will trade cross laddies
Mohan
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