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EURUSD

  • #694,641
  • Sep 19, 2012 10:14am Sep 19, 2012 10:14am
closed all short positions.....long a couple.
  • #694,642
  • Sep 19, 2012 10:17am Sep 19, 2012 10:17am
Quoting sum_1
closed all short positions.....long a couple.
Maybe... I just want to see what it does right after LSE close in 15.
  • #694,643
  • Sep 19, 2012 10:17am Sep 19, 2012 10:17am
Quoting almo
I can't answer for everyone else. I can only say in my case, I know I cannot pick a bottom/top to save my life, but I can pick knowing the direction of trend.


Once you know trend, you can pick anywhere you want. Trend is longer than most people think. More importantly, you have to have the funds to last the downturns. Unfortunately for people such as myself, that means I have to trade smaller increments than what I could be doing if I was scalping such as yourself. The flip side to that is - I can survive a 100 pip drop. I could...
YuP. Your 100% correct about everything you said. Well why not try to learn focusing on your entries?
He who guess is LOST!
  • #694,644
  • Sep 19, 2012 10:18am Sep 19, 2012 10:18am
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  • #694,645
  • Sep 19, 2012 10:20am Sep 19, 2012 10:20am
Cable playing cat and mouse with bids.....sucker.

Okies, now into the bottom.

Wants to close above 35.
They think they are smarter than I am.
  • #694,646
  • Sep 19, 2012 10:21am Sep 19, 2012 10:21am
Quoting attila
I agree with you almo. There are two tricks I'm using.. For instance PA is going down, and all of a sudden it stops in the middle of nowhere and starts consolidating or makes a HL or something to that effect.. Then I ask myself, if it's supposed to go down why is it doing this? That's a pretty good entry point in the opposite direction. When in a trade long for example, I ask this... Would I short here? No. Then I stay long.. Anyway if this doesn't pop up, we're going to be stuck here for the rest of the day..


And it did as I'm typing this...

Attachment ...
Attila....believe it or not, I watch your posts intently, as I feel your style of trading is applicable for essentially anything from Scalping to Long Term. But the one thing I get confused about is how you keep track of the various levels. You typically post from one timeframe, but I suspect you must be using multiple frames to get your levels.....is it at this point that your using TL's to mark them on the lower charts, or are you still using your flowchart with mental stops?
  • #694,647
  • Sep 19, 2012 10:22am Sep 19, 2012 10:22am
shorts triggered at 3063 stop is 3090 tp is 2960

GL
Learning Requires Failure
  • #694,648
  • Sep 19, 2012 10:22am Sep 19, 2012 10:22am
Quoting attila
I agree with you almo. There are two tricks I'm using.. For instance PA is going down, and all of a sudden it stops in the middle of nowhere and starts consolidating or makes a HL or something to that effect.. Then I ask myself, if it's supposed to go down why is it doing this? That's a pretty good entry point in the opposite direction. When in a trade long for example, I ask this... Would I short here? No. Then I stay long.. Anyway if this doesn't pop up, we're going to be stuck here for the rest of the day..


And it did as I'm typing this...

Attachment ...
yet PA is not pre-programmed, it can do whatever it wants. Especially since we saw a rebound when americans came in.
  • #694,649
  • Sep 19, 2012 10:24am Sep 19, 2012 10:24am
my bucket of goodies movn rite direction gonna tk 2/3 off audcad an audusd soon'
happy tradn
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #694,650
  • Sep 19, 2012 10:25am Sep 19, 2012 10:25am
Quoting mohan76
i did but close due to panic (i have very limited room to play, equity guard will kill all trade)
gbpjpy is always scary but so rewarding
I'd like to see 127,50-60 before it's next move

eurusd at 70...looking at 8x...if broken at 1,311x

EDIT : not looking good anymore
COT: The precious data ignored
  • #694,651
  • Sep 19, 2012 10:26am Sep 19, 2012 10:26am
Quoting StopGuessing
YuP. Your 100% correct about everything you said. Well why not try to learn focusing on your entries?
Believe me - I try. I've tried a ton of stuff over my lifetime, nothing seems to be consistent. Fibs can work , until it doesn't...Fibs in general, are dependent on what two points you are referencing.
  • #694,652
  • Sep 19, 2012 10:27am Sep 19, 2012 10:27am
Quoting tirmizi
shorts triggered at 3063 stop is 3090 tp is 2960

GL
I'm with you. In at 3062, but trend line and daily pivot did not hold very long.
I'll hang on till SL (1.3085)
Those who say it cannot be done should not interrupt those who are doing it
  • #694,653
  • Sep 19, 2012 10:28am Sep 19, 2012 10:28am
Quoting tirmizi
shorts triggered at 3063 stop is 3090 tp is 2960

GL
r u sure because no bearish sign yet ???
  • #694,654
  • Sep 19, 2012 10:29am Sep 19, 2012 10:29am
Quoting almo
Believe me - I try. I've tried a ton of stuff over my lifetime, nothing seems to be consistent. Fibs can work , until it doesn't...Fibs in general, are dependent on what two points you are referencing.
I find that fibos work better on a candle close basis for determining level breaches but on a high/low basis for drawing the tool.
Those who say it cannot be done should not interrupt those who are doing it
  • #694,655
  • Sep 19, 2012 10:29am Sep 19, 2012 10:29am
Quoting kuroro001
gbpjpy is always scary but so rewarding
I'd like to see 127,50-60 before it's next move

eurusd at 70...looking at 8x...if broken at 1,311x
i have took a macro , +20 pips , i
Mohan
  • #694,656
  • Sep 19, 2012 10:29am Sep 19, 2012 10:29am
LOL I share you my top secret. Don't tell anyone! Just buy E/U from NY morning to LDNFIX and sure it will bring you money!!
  • #694,657
  • Sep 19, 2012 10:30am Sep 19, 2012 10:30am
Quoting PipTrapper
1. Daily pivot
2. 78.6% fibo retrace of today's high/low
3. Resistance yesterday
4. Support earlier today
5. 100 hour SMA
6. Falling trend line from Monday high to today high.

I think that should be enough.
Add one to the list. M15 regular bearish divergence
Be hopeful in a winning position, and fearful in a losing position.
  • #694,658
  • Sep 19, 2012 10:32am Sep 19, 2012 10:32am
Quoting forex_J
LOL I share you my top secret. Don't tell anyone! Just buy E/U from NY morning to LDNFIX and sure it will bring you money!!
This does seem to work a lot of the time

Don't know why NY seems to get the bull side of the market so often
Be hopeful in a winning position, and fearful in a losing position.
  • #694,659
  • Sep 19, 2012 10:32am Sep 19, 2012 10:32am
Quoting DifferTrader
r u sure because no bearish sign yet ???
It's called "Picking Tops" and it can lead to sticky fingers.
I'm just as guilty
But as long as the trade setup has a 1:3 RR minimum, it works well in the long run.
No body can pick an exact top, but as long as you're close, it works very well. There's always your SL to protect you if you're wrong, but if you're right and you don't take that chance, being right would be pointless. Also if right, you maximize profits.

At least that's my view. Now admittedly I am not a scalper, but with these small moves lately, I'm giving it a shot and so far today I've done well. I usually trade H4 and higher time frames.
Those who say it cannot be done should not interrupt those who are doing it
  • #694,660
  • Sep 19, 2012 10:33am Sep 19, 2012 10:33am
Quoting Rag2RichesFX
This does seem to work a lot of the time

Don't know why NY seems to get the bull side of the market so often
not always , some time they sell like hell
Mohan
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