Guys get ready for retrace on Euro.We could double dip
In trading, you have to be defensive and aggressive at the same time
I hope you closed your shorts.
75+pips is sweet
Congrats
I use 200EMA as a S/R reference.Just happens lot of S/R levels match with 200EMA.
I put greater importance on S/R levels.Market has memory don't forget that.Everyone is looking at the same S/R levels.
Yes, always gotta put that S/R priority..I'll have a look at that with the 200 lining up with S/R areas because if so that's a rad ema to be using!
Oh yummy!! are you looking at that delicious PB forming on the euro off the Support and 200ema??
ohh well there you go 200ema and Support lining up...
- #463
- Sep 20, 2012 2:46am Sep 20, 2012 2:46am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Cheers, ka ching! ka ching!
Yes, always gotta put that S/R priority..I'll have a look at that with the 200 lining up with S/R areas because if so that's a rad ema to be using!
Oh yummy!! are you looking at that delicious PB forming on the euro off the Support and 200ema??
Japanese have better concept of S/R. We in the west want everything precise.Not in real life.
In trading, you have to be defensive and aggressive at the same time
Hey Everyone..
Has any one got an indicator that we can use in MT4 to drag the stops and targets along on the screen as it's tedious clicking in and out adjusting it manually at times..I know, I know I'm being lazy!
Cheers,
Adrian
I use an amazing program for this called VO Pro although last time I checked the author wasn't releasing it any more. There's a thread on FF about it somewhere, well worth a look.
Inserted Video
Edit: you can get it here: http://www.forexfactory.com/showthread.php?t=280437
Cheers
- #465
- Sep 20, 2012 2:56am Sep 20, 2012 2:56am
I spent the afternoon reading this thread and I'm glad I did. (What not another day reading!!) Then I watched the eurusd, audusd, nzdusd, and the usd by itself all make pips just as I had read. That sure beats selling -- it goes up -- buying -- it goes down. The idea of trading less to make more suits me fine. Thanks so much FX-pro for sharing this simple approach. It follows on from other things I have learnt here on FF - simple, uncluttered charts, not overtradeing etc,etc. My account might just be able to build......
Hi Adrian,
I use an amazing program for this called VO Pro although last time I checked the author wasn't releasing it any more. There's a thread on FF about it somewhere, well worth a look.
http://www.youtube.com/watch?v=c9axW8JRxkw
Cheers
That looks awesome!...thanks for that, will read up on it at the thread to see if it's much better than what I have now..
Thanks for your help, much appreciated!
- #467
- Sep 20, 2012 2:57am Sep 20, 2012 2:57am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #471
- Sep 20, 2012 3:07am Sep 20, 2012 3:07am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
I spent the afternoon reading this thread and I'm glad I did. (What not another day reading!!) Then I watched the eurusd, audusd, nzdusd, and the usd by itself all make pips just as I had read. That sure beats selling -- it goes up -- buying -- it goes down. The idea of trading less to make more suits me fine. Thanks so much FX-pro for sharing this simple approach. It follows on from other things I have learnt here on FF - simple, uncluttered charts, not overtradeing etc,etc. My account might just be able to build......
Welcome
Yes, you picked a good day to look at the trades..just make sure your aware of trouble areas like S/R and look what the higher TF is doing in relation to the lower.. in a nut shell follow the rules and be picky! :nerd:
Most of all...have some fun with it
ka ching! ka ching!
- #479
- Edited 3:38am Sep 20, 2012 3:27am | Edited 3:38am
Hi FX Pro,
Is this a valid set up, price touched the 72 EMA and the same candle closed above the 12 EMA?
Just trying to lerarn, I know there is a BRN nearby at 1.2500 but maybe set an order above that?
Welcome
Yes that would be a correct entry(oops! no I guess as FX-Pro says in the next post-my bad!
) but as you say I would be entering at a break above the RN as we have a very strong Daily resistance area just above the RN it has to break through.. I would be more inclined to look for a short as this pair has moved up a fair bit and may be due for a bit of reversal..Cheers,
Adrian
