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Trading EURUSD only

  • #4,021
  • Oct 23, 2012 4:38am Oct 23, 2012 4:38am
Hi Ati Baia

I should prepare a long post for that

I may do it at weekend


Quoting Ati Baia
hi stevewalker,

I would be interested if you could explain what the lines / arrows and legends in your chart mean.

Thanks
Ati
  • #4,022
  • Oct 23, 2012 4:39am Oct 23, 2012 4:39am
That would be very kind of you ..

Looking forward
Thanks

Quoting stevewalker
Hi Ati Baia

I should prepare a long post for that

I may do it at weekend
Money is important, Love is essential.
  • #4,023
  • Oct 23, 2012 4:40am Oct 23, 2012 4:40am
SOH

Quoting stevewalker
ehhh

it is now heading down
not giving Opportunity to short it
  • #4,024
  • Oct 23, 2012 4:40am Oct 23, 2012 4:40am
NP


Quoting Ati Baia
That would be very kind of you ..

Looking forward
Thanks
  • #4,025
  • Oct 23, 2012 4:42am Oct 23, 2012 4:42am
I can short it with only 5M chart setup which I will not

Quoting stevewalker
SOH
  • #4,026
  • Oct 23, 2012 4:46am Oct 23, 2012 4:46am
might be reversing
  • #4,027
  • Oct 23, 2012 4:46am Oct 23, 2012 4:46am
Quoting stevewalker
I can short it with only 5M chart setup which I will not
Be careful. As you can see the chart it's attacking the fibchannel again (RED dotted line, not the big upper trendline).
Attached Image (click to enlarge)
Click to Enlarge Name: attack.JPG Size: 110 KB
  • #4,028
  • Oct 23, 2012 4:49am Oct 23, 2012 4:49am
that s actual problem.
RR ratio

if it would touch 3045 I would short it
deadline was 3055/57 abother short from there
average

not it has bad RR ratio

but if it rolldown......................

Quoting mok1one
Be careful. As you can see the chart it's attacking the fibchannel again (RED dotted line, not the big upper trendline).
  • #4,029
  • Oct 23, 2012 4:50am Oct 23, 2012 4:50am
1H showing big signs of roldown

Quoting stevewalker
that s actual problem.
RR ratio

if it would touch 3045 I would short it
deadline was 3055/57 abother short from there
average

not it has bad RR ratio

but if it rolldown......................
  • #4,030
  • Oct 23, 2012 4:52am Oct 23, 2012 4:52am
short 3027 1/2 normal risk

risky one

will TRY to manage


Quoting stevewalker
1H showing big signs of roldown
  • #4,031
  • Oct 23, 2012 4:53am Oct 23, 2012 4:53am
1/2 normal risk due I may need margin!

Quoting stevewalker
short 3027 1/2 normal risk

risky one

will TRY to manage
  • #4,032
  • Oct 23, 2012 4:53am Oct 23, 2012 4:53am
Quoting stevewalker
that s actual problem.
RR ratio

if it would touch 3045 I would short it
deadline was 3055/57 abother short from there
average

not it has bad RR ratio

but if it rolldown......................

another problem when trading pro is trader has to pay fees. 1 contract is $10-12.5 both ways. can be expensive to change directions often.
  • #4,033
  • Oct 23, 2012 4:55am Oct 23, 2012 4:55am
Quoting stevewalker
short 3027 1/2 normal risk

risky one

will TRY to manage
me short too. i reversed.
  • #4,034
  • Oct 23, 2012 4:56am Oct 23, 2012 4:56am
now we can pray
Quoting shiko
me short too. i reversed.
  • #4,035
  • Oct 23, 2012 4:57am Oct 23, 2012 4:57am
was a big mistake for waiting 3045 to short
missed the opp. @ 3040

Quoting stevewalker
now we can pray
  • #4,036
  • Oct 23, 2012 4:57am Oct 23, 2012 4:57am
now dealing with worst RR raito

Quoting stevewalker
was a big mistake for waiting 3045 to short
missed the opp. @ 3040
  • #4,037
  • Oct 23, 2012 4:59am Oct 23, 2012 4:59am
Quoting stevewalker
now we can pray
together
  • #4,038
  • Oct 23, 2012 5:00am Oct 23, 2012 5:00am
sell @ 1.3033
  • #4,039
  • Oct 23, 2012 5:02am Oct 23, 2012 5:02am
we may burn
perepare fire extinguisher !
Quoting shiko
me short too. i reversed.
  • #4,040
  • Oct 23, 2012 5:05am Oct 23, 2012 5:05am
Quoting stevewalker
we may burn
perepare fire extinguisher !

yes, everything is possible. i am out in a half an hour. my day trading time is over by then.
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