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EURUSD

  • #708,981
  • Oct 17, 2012 6:50pm Oct 17, 2012 6:50pm
Quoting emilai
EUR/USD
(Last Price: 1.3106)
SELL, Entry = 1.3102, SL = 1.3113, TP = 1.3062


HaPpY TrAdInG...
Me like. my tp target is 1.3070 close enough. GL
Time turns trend. - W.D. Gann
  • #708,982
  • Oct 17, 2012 6:54pm Oct 17, 2012 6:54pm
for what is worth.....here are my two cents.

the euro has been moving up for 4 trading days in a row....the average is usually 2 up days per run before it cools off and corrects.

yesterday's range was 56 pips, right around 1.3100 where we stand now.

I expect the euro to correct today but probably not very convincingly, if it does perhaps we are ranging again and should look to long around 1.29

realistically 1.3050 sits at one standard deviations of returns from the open, and 1.3180 sits right around one standard deviations of returns from open bullish side.

so there you have it.

I am currently in profit from 1.2885 and adjusting my risk and t/p according to the swap.
AVT INVENIAM VIAM AVT FACIAM
  • #708,983
  • Oct 17, 2012 7:02pm Oct 17, 2012 7:02pm
Quoting ForExtraPips
Me like. my tp target is 1.3070 close enough. GL
Boom! SL 1.31140 here...
"Those who were pessimists, died quickly."
  • #708,984
  • Oct 17, 2012 7:05pm Oct 17, 2012 7:05pm
Quoting metaprotodot
Boom! SL 1.31140 here...
Sorry about that. I got stopped out before I woke up this morning, with my other short, from last night. My sl now is @ 1.3127
Time turns trend. - W.D. Gann
  • #708,985
  • Oct 17, 2012 7:07pm Oct 17, 2012 7:07pm
Quoting metaprotodot
Boom! SL 1.31140 here...
And your SL was sitting right on the Daily Pivot. I try to stay away from that area, as price sways around there, and bounces back and forth.
Time turns trend. - W.D. Gann
  • #708,986
  • Oct 17, 2012 7:16pm Oct 17, 2012 7:16pm
Quoting ForExtraPips
And your SL was sitting right on the Daily Pivot. I try to stay away from that area, as price sways around there, and bounces back and forth.
Yeah, I must work on my SL setting skills some more.

Daily Pivot from my indicator was 1.3090? Will have to look at that....
"Those who were pessimists, died quickly."
  • #708,987
  • Oct 17, 2012 7:19pm Oct 17, 2012 7:19pm
Quoting metaprotodot
Yeah, I must work on my SL setting skills some more.

Daily Pivot from my indicator was 1.3090? Will have to look at that....
Mine is @ 1.311. That's the problem with different brokers and different close times. GMT etc........
Time turns trend. - W.D. Gann
  • #708,988
  • Oct 17, 2012 7:23pm Oct 17, 2012 7:23pm
Quoting metaprotodot
Yeah, I must work on my SL setting skills some more.

Daily Pivot from my indicator was 1.3090? Will have to look at that....
Try this one out. I've been using it for a while now. And it's been very spot on with the H1 chart.
Attached File(s)
File Type: ex4 vS_PivotsD.ex4   45 KB | 272 downloads
Time turns trend. - W.D. Gann
  • #708,989
  • Oct 17, 2012 7:25pm Oct 17, 2012 7:25pm
Quoting ForExtraPips
Mine is @ 1.311. That's the problem with different brokers and different close times. GMT etc........
I beg to differ.

I believe it is a lack of understanding of volatility.


if you are trading the daily and want to catch the monthly then 3% volatility needs to be accounted for historically.

.66% daily volatility if you want to work your targets you need to know that

.66%/ square root of 24 you get your hourly volatility and if your target is the hourly movement then you need to work within the confines of the hourly candle if your deal was to catch the daily movement then you need to work withing the confines of that.

volatility can take out your stops if you do not have realistic expectations of either historical statistical performance or implied volatility, monte carlo simulation etc.
AVT INVENIAM VIAM AVT FACIAM
  • #708,990
  • Oct 17, 2012 7:27pm Oct 17, 2012 7:27pm
Quoting the redlion
I beg to differ.

I believe it is a lack of understanding of volatility.


if you are trading the daily and want to catch the monthly then 3% volatility needs to be accounted for historically.

.66% daily volatility if you want to work your targets you need to know that

.66%/ square root of 24 you get your hourly volatility and if your target is the hourly movement then you need to work within the confines of the hourly candle if your deal was to catch the daily movement then you need to work withing the confines of that.

volatility...
Thank you. Another thing I need to research. Anything to do with mathematics, I'm all ears. Thanks again.
Time turns trend. - W.D. Gann
  • #708,991
  • Oct 17, 2012 7:28pm Oct 17, 2012 7:28pm
Quoting KiwiTrada
Yes i read, her still above my chaneels bro, I still believe she still undecided tho i have decided to defend 6175 best seen 4hr

yen and gbp only real movers tonight,
I on uj and just enter geppy rr is ok allow small sl

earlier eu trades still live - just
still holding short 6175 & 6170
eu au kiwi done stuff all since last night

us /yen gbp /yen prs looking very interesting for short posability for the brave
gy 127 80 previous 1hr high
uj 79 21 previous 1hr high them may be worth an eyeball
If you are new to Forex? Say Goodbye to your account!!
  • #708,992
  • Oct 17, 2012 7:32pm Oct 17, 2012 7:32pm
Quoting KiwiTrada
still holding short 6175 & 6170
eu au kiwi done stuff all since last night

us /yen gbp /yen prs looking very interesting for short posability for the brave
gy 127 80 previous 1hr high
uj 79 21 previous 1hr high them may be worth an eyeball

what u see on aussie ?
Mohan
  • #708,993
  • Oct 17, 2012 7:32pm Oct 17, 2012 7:32pm
Quoting ForExtraPips
Mine is @ 1.311. That's the problem with different brokers and different close times. GMT etc........
No, yours is right for London (GMT +1). I was setting my at pivots at GMT 0, not sure why...

Does anybody know if there is a version of this indicator for weakly pivots?
Attached File(s)
File Type: mq4 Pivot Points - Daily (Shifted).mq4   11 KB | 144 downloads
"Those who were pessimists, died quickly."
  • #708,994
  • Oct 17, 2012 7:33pm Oct 17, 2012 7:33pm
Quoting ForExtraPips
Try this one out. I've been using it for a while now. And it's been very spot on with the H1 chart.
I just saw it. Will test, thank you!
"Those who were pessimists, died quickly."
  • #708,995
  • Oct 17, 2012 7:39pm Oct 17, 2012 7:39pm
Quoting ForExtraPips
Try this one out. I've been using it for a while now. And it's been very spot on with the H1 chart.
I like yours better!
Thanks a lot!
"Those who were pessimists, died quickly."
  • #708,996
  • Oct 17, 2012 7:40pm Oct 17, 2012 7:40pm
Fighting the 04 again.
Time turns trend. - W.D. Gann
  • #708,997
  • Oct 17, 2012 7:44pm Oct 17, 2012 7:44pm
Quoting metaprotodot
I like yours better!
Thanks a lot!
Glad you like.
Time turns trend. - W.D. Gann
  • #708,998
  • Oct 17, 2012 7:44pm Oct 17, 2012 7:44pm
Candles are forming on the Pivot line 1.31029 and i doubt that price is going Up with rebound.
Love for all; Hatred for none.
  • #708,999
  • Oct 17, 2012 7:49pm Oct 17, 2012 7:49pm
Quoting aahmad29
Candles are forming on the Pivot line 1.31029 and i doubt that price is going Up with rebound.
I'm beginning to see if and when price goes back up, it will be at @ around 1.3120x, right about when London opens. Then down it goes.
Time turns trend. - W.D. Gann
  • #709,000
  • Oct 17, 2012 7:49pm Oct 17, 2012 7:49pm
Quoting aahmad29
Candles are forming on the Pivot line 1.31029 and i doubt that price is going Up with rebound.
I have sell stop at 1.3093.
Love for all; Hatred for none.
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