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Trading EURUSD only

  • #16,401
  • Nov 21, 2012 11:03am Nov 21, 2012 11:03am
Quoting Lucrativ
Agree with your analysis. I'm long from 2806, my only concern is to take profit at the 40's where there's major resistance... only to see it BO above that resistance level.. not sure, but quite possible.. but like Steve wisely said, "don't leave trade at MKT mercy"
Thanks!
  • #16,402
  • Nov 21, 2012 11:03am Nov 21, 2012 11:03am
Quoting EuroTraderJD
The software has a database of price history.

However the logic I programmed into it was based on my experiences in the market such as too much size, too many positions, too many positions at a certain price level.

Some mange there money by taking stop losses. I do not use SL so I must adjust my risk through mathamatics.

The downfall of most traders is poor money managment and failure to follow their plan. This automated system I designed helps me to stay in for the duration.

This is only 1 leg of my trading stool. Its market...
couldn't agree with you more: "The downfall of most traders is poor money managment and failure to follow their plan" ... this is one of my biggest lessons right now...
  • #16,403
  • Nov 21, 2012 11:04am Nov 21, 2012 11:04am
Quoting stevewalker
yes
actually 4x is the most experienced trader here
do you mean 4x is the oldest
You see, but you do not observe. The distinction is clear
  • #16,404
  • Nov 21, 2012 11:04am Nov 21, 2012 11:04am
canīt wait more..went long...
  • #16,405
  • Nov 21, 2012 11:05am Nov 21, 2012 11:05am
Quoting budii
and with all that marvelous tool someone still can FL
trading is so difficult
Its the eayiset hardest money you will ever make...

Remember its a walk to wealth...not a race to riches(ruin).
Trade smaller than rational because the market is irrational...
  • #16,406
  • Nov 21, 2012 11:05am Nov 21, 2012 11:05am
old TL s @ 4H
still in action
Attached Image (click to enlarge)
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  • #16,407
  • Nov 21, 2012 11:06am Nov 21, 2012 11:06am
he he
Quoting xandi
canīt wait more..went long...
  • #16,408
  • Nov 21, 2012 11:07am Nov 21, 2012 11:07am
nice call

Quoting EuroTraderJD
Its the eayiset hardest money you will ever make...

Remember its a walk to wealth...not a race to riches(ruin).
  • #16,409
  • Nov 21, 2012 11:07am Nov 21, 2012 11:07am
got long little early 2819
im in it to go hugher think i will practice patience and hold to this position
just like yesterday may be in this cz awhile
thanks mok1
steve dont spend 21 hrs today lol
  • #16,410
  • Nov 21, 2012 11:08am Nov 21, 2012 11:08am
technically I cant
it is almost over
he he
Quoting tigerpip
got long little early 2819
im in it to go hugher think i will practice patience and hold to this position
just like yesterday may be in this cz awhile
thanks mok1
steve dont spend 21 hrs today lol
  • #16,411
  • Nov 21, 2012 11:09am Nov 21, 2012 11:09am
level 2832 is under protection of 1H upper TL // fractal pinted level consolidated
so it may go there again
  • #16,412
  • Nov 21, 2012 11:12am Nov 21, 2012 11:12am
Quoting tigerpip
got long little early 2819
im in it to go hugher think i will practice patience and hold to this position
just like yesterday may be in this cz awhile
thanks mok1
steve dont spend 21 hrs today lol
dont worry steve, you got 24 hr in 1 day
You see, but you do not observe. The distinction is clear
  • #16,413
  • Nov 21, 2012 11:13am Nov 21, 2012 11:13am
when drawing TL s
fractals should be used
as fractal printed it means
the actual high/low short term consolidated & can be used as a valid level
  • #16,414
  • Nov 21, 2012 11:17am Nov 21, 2012 11:17am
hi glennl2000
what is your outlook?
  • #16,415
  • Nov 21, 2012 11:19am Nov 21, 2012 11:19am
Quoting tigerpip
got long little early 2819
im in it to go hugher think i will practice patience and hold to this position
just like yesterday may be in this cz awhile
thanks mok1
steve dont spend 21 hrs today lol
Btw. not saying you did anything wrong here
Just Talking from my own experiance when i started i also saw a formation in the screen and jumped in. minutes passed and it turned out to be another formation.the one i didn't though of and booked a loss.
When you see a formation always wait for the breakout and buy/sell put a pending in it. I know it's hard to miss those pips that were below the breakout that formed the formation, BUT it will give you GREEN pips,rather than jump in and see that the formation you thought it was turned out to be another formation. Happened to me many- many times, until i realized it is more profitable for me to wait a little


As you said patiance Patiance is key for success
  • #16,416
  • Nov 21, 2012 11:19am Nov 21, 2012 11:19am
he he
not today
I am still tired
will stop early today
Quoting budii
dont worry steve, you got 24 hr in 1 day
  • #16,417
  • Nov 21, 2012 11:21am Nov 21, 2012 11:21am
it stuck in 6 pip range
2815
2821
  • #16,418
  • Nov 21, 2012 11:21am Nov 21, 2012 11:21am
Quoting EuroTraderJD
Its the eayiset hardest money you will ever make...

Remember its a walk to wealth...not a race to riches(ruin).
Funny, I remember that qoute beinG: ITS THE HARDEST WAY TO MAKE EASY MONEY. But I like your way too> good stuff. and I especially like the other quote: Remember its a walk to wealth...not a race to riches.
  • #16,419
  • Nov 21, 2012 11:21am Nov 21, 2012 11:21am
Short term it will go nowhere, just range, so scalping should be the way to trade. It's thanksgiving in the US tomorrow. I'm guessing nothing much happens until monday.

Quoting stevewalker
hi glennl2000
what is your outlook?
  • #16,420
  • Nov 21, 2012 11:23am Nov 21, 2012 11:23am
su you dont tink US will carry it > 2830 today

Quoting glennl2000
Short term it will go nowhere, just range, so scalping should be the way to trade. It's thanksgiving in the US tomorrow. I'm guessing nothing much happens until monday.
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