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Trading EURUSD only

  • #14,521
  • Nov 17, 2012 5:54am Nov 17, 2012 5:54am
Quoting stevewalker
Q is:

if the formation seen @ 4H chart going to be CZ for down
or
is it going up from there

this we can not know ATM.
will keep trading technicals & will be looking for the answer in next trading sessions.

hello mr. s walker do u think euro/usd down ?
thank you.
  • #14,522
  • Nov 17, 2012 6:55am Nov 17, 2012 6:55am
As promised Money Managment added to 1st page as follows.
MM:
I use small % of my balance & roll ~10 times a day for achieving a reasonable % profit.
If price goes ~30* pip against my entry, I call that a wrong entry either direction or entry level base. Those needs Manage.
I average price until ~30* pip reverse move from levels defined. In general I trade Max 4 Trades at the same time ( 3 NS or 1/2NS Trades + 1 HS Trade ). When price moves back to 1st or 2nd entry level I exit with BE & keep last entry running.
Min Free Margin target with trading Max entry ( 4 ) : % 300
- Do use SL for emergency issues, not for exit.
- Have %14DD Auto exit code that closes all FL trades in case.
- SL => BE used only when I leave screen
- Trade size:
a- Normal Size (NS) : Have min %3000 free margin with 1:500 Account Leverage
b- 1/2 NS
c- Heavy Size (HS ) : 5 x NS
- Trding with NS;
a- Exit %50 @ ~10-20* pip profit depending on the MKT condition
b- %50 runner to target level defined with MKT dynamics
- Trading with 1/2 NS; Exit %100 when Target achived.
- Trading with HS;
This is not regular trading size. I use this size if trades cought by a reversal move.
Basicly I use HS to recover. No profit Traget. Exit all with BE. Entering HS needs experience & Information about actual MKT condition. There should be a level that will reject price to trades favor enough to Exit All with BE. if it fails %14DD Auto Exit will close all.
* All distances Depending on the MKT condition. NOT FIX.
  • #14,523
  • Nov 17, 2012 6:59am Nov 17, 2012 6:59am
Quoting stevewalker
As promised Money Managment added to 1st page as follows.
MM:
I use small % of my balance & roll ~10 times a day for achieving a reasonable % profit.
If price goes ~30* pip against my entry, I call that a wrong entry either direction or entry level base. Those needs Manage.
I average price until ~30* pip reverse move from levels defined. In general I trade Max 4 Trades at the same time ( 3 NS or 1/2NS Trades + 1 HS Trade ). When price moves back to 1st or 2nd entry level I exit with BE & keep last entry running.
Min Free Margin target with...
YOU are the MASTER my friend.....your trade explorer shocked me(and I am sure not only me), AMAZING!!!
  • #14,524
  • Nov 17, 2012 7:03am Nov 17, 2012 7:03am
thank you.
as said it is a small portion.
there are DD @ main account & there will be DD in the future. No dubt
the important point is to recover on those situations & carry on trading

hope we all do better soon & improve our trading technics
Quoting 4xPIPAHOLIC
YOU are the MASTER my friend.....your trade explorer shocked me(and I am sure not only me), AMAZING!!!
  • #14,525
  • Nov 17, 2012 7:04am Nov 17, 2012 7:04am
Quoting stevewalker
thank you.
as said it is a small portion.
there are DD @ main account & there will be DD in the future. No dubt
the important point is to recover on those situations & carry on trading

hope we all do better soon & improve our trading technics
  • #14,526
  • Nov 17, 2012 7:57am Nov 17, 2012 7:57am
1st post
Quoting minsar
hello mr. s walker do u think euro/usd down ?
thank you.
  • #14,527
  • Nov 17, 2012 7:59am Nov 17, 2012 7:59am
hi minsar
as posted, we will see that the couple of days. thecnicals will give us signs of direction
actually it is in a CZ
no proper sign of direction

Quoting minsar
hello mr. s walker do u think euro/usd down ?
thank you.
  • #14,528
  • Nov 17, 2012 8:28am Nov 17, 2012 8:28am
Hi SteveWalker,

What do you think of this scenario?...

if AB=CD possible target 1.2443 by the end of next week unless price breaks above 1.28030.




Quoting stevewalker
hi minsar
as posted, we will see that the couple of days. thecnicals will give us signs of direction
actually it is in a CZ
no proper sign of direction
Attached Image (click to enlarge)
Click to Enlarge Name: 121116EURUSD.gif Size: 22 KB
  • #14,529
  • Nov 17, 2012 8:38am Nov 17, 2012 8:38am
hi caldera
what is your TF?
Quoting caldera
Hi SteveWalker,

What do you think of this scenario?...

if AB=CD possible target 1.2443 by the end of next week unless price breaks above 1.28030.
  • #14,530
  • Nov 17, 2012 8:57am Nov 17, 2012 8:57am
The tf on the previous chart is h4.

Here is a daily chart.

I think 1.24430 is a strong target ~61.8 fibo, but before we get there there will be resistance at ~50 fibo.

Quoting stevewalker
hi caldera
what is your TF?
Attached Image (click to enlarge)
Click to Enlarge Name: 121117EURUSD.gif Size: 30 KB
  • #14,531
  • Nov 17, 2012 9:00am Nov 17, 2012 9:00am
what is your broker rollover time?


Quoting caldera
The tf on the previous chart is h4.

Here is a daily chart.

I think 1.24430 is a strong target ~61.8 fibo, but before we get there there will be resistance at ~50 fibo.
  • #14,532
  • Nov 17, 2012 9:04am Nov 17, 2012 9:04am
ok
fine

the actual situation is;
-price clearly trading 4H chart for last 2 days
-4H is in CZ
-no clear sign of direction
-price actually stuck between 2798 / 2662
-soon we will get some clue abput direction

Quoting caldera
The tf on the previous chart is h4.

Here is a daily chart.

I think 1.24430 is a strong target ~61.8 fibo, but before we get there there will be resistance at ~50 fibo.
  • #14,533
  • Nov 17, 2012 9:06am Nov 17, 2012 9:06am
before 1H and/or 4H CH start moving in a duwn/up channel
discussing 3200 or 2400 does not mean much
Quoting stevewalker
ok
fine

the actual situation is;
-price clearly trading 4H chart for last 2 days
-4H is in CZ
-no clear sign of direction
-price actually stuck between 2798 / 2662
-soon we will get some clue abput direction
  • #14,534
  • Nov 17, 2012 9:23am Nov 17, 2012 9:23am
my D1 chart

yes the bottom formation @ D1 is good for down move
but....
also good for up move
as Usual he he

price actually rejected from D1 LC @ 2685 ( actual low @ 2690 3 pip out of tolerance but @ D1 this is normal )

so this makes up move more stronger.

lets see monday open & close



Quoting caldera
The tf on the previous chart is h4.

Here is a daily chart.

I think 1.24430 is a strong target ~61.8 fibo, but before we get there there will be resistance at ~50 fibo.
Attached Image (click to enlarge)
Click to Enlarge Name: _3.jpg Size: 242 KB
  • #14,535
  • Nov 17, 2012 9:25am Nov 17, 2012 9:25am
but yes.....
before D1 close over 2843 we can not talk proper up move
but down move
Quoting stevewalker
my D1 chart

yes the bottom formation @ D1 is good for down move
but....
also good for up move
as Usual he he

price actually rejected from D1 LC @ 2685 ( actual low @ 2690 3 pip out of tolerance but @ D1 this is normal )

so this makes up move more stronger.

lets see monday open & close
  • #14,536
  • Nov 17, 2012 9:28am Nov 17, 2012 9:28am
I think we will know the direction Tuesday after the EU Finance ministers meeting on Greece. If Greece gets their money then Euro will have a mini relief rally possibly as high as 1.2880. If there is additional delays then I think the Euro could test 1.2650 and lower depending upon the rest of the capital markets.
Trade smaller than rational because the market is irrational...
  • #14,537
  • Nov 17, 2012 9:37am Nov 17, 2012 9:37am
nice call
but
price moves with thechnicals.
technicals shape by events/news.
so what ever will be happen we will see on our charts
the only thing
we did not know
we do not know
we will not know

is the pending orders waiting @ the important levels.
this is shaped with fundumentals.

as FX has not one center control, the real order book is always mistery.

so we will listen news & trade technicals



Quoting EuroTraderJD
I think we will know the direction Tuesday after the EU Finance ministers meeting on Greece. If Greece gets their money then Euro will have a mini relief rally possibly as high as 1.2880. If there is additional delays then I think the Euro could test 1.2650 and lower depending upon the rest of the capital markets.
  • #14,538
  • Nov 17, 2012 9:44am Nov 17, 2012 9:44am
My 2 cents......
Even after this Friday's "wacko" PA action witch we should not forget it is still short term action, the longer term is still pointing down strong....the daily charts price is still below the important MA's......
Let's hope it behaves.....
  • #14,539
  • Nov 17, 2012 9:45am Nov 17, 2012 9:45am
Quoting stevewalker
nice call
but
price moves with thechnicals.
technicals shape by events/news.
so what ever will be happen we will see on our charts
the only thing
we did not know
we do not know
we will not know

is the pending orders waiting @ the important levels.
this is shaped with fundumentals.

as FX has not one center control, the real order book is always mistery.

so we will listen news & trade technicals
Exactly 100% agree.....
  • #14,540
  • Nov 17, 2012 9:53am Nov 17, 2012 9:53am
Quoting stevewalker
nice call
but
price moves with thechnicals.
technicals shape by events/news.
so what ever will be happen we will see on our charts
the only thing
we did not know
we do not know
we will not know

is the pending orders waiting @ the important levels.
this is shaped with fundumentals.

as FX has not one center control, the real order book is always mistery.

so we will listen news & trade technicals

honestly i donīt understand why people care that much about greece, the greece country has about 5% of the european economy product.
i think it is more the feared "domino-effect", than a official (inofficial they are insolvent since 3-4years) greece insolvency?
just do it
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