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Trading EURUSD only

  • #18,121
  • Nov 26, 2012 1:09pm Nov 26, 2012 1:09pm
Quoting stevewalker
the best BB can do is
shows you where price sequeezed
that POSS break OUT ahead
and break outs work with max %30
yes it shows you where price is squeezed, so good for consolidation trading

it will show you market trend as well (so will any MA)

it will show you when market is about to breakout

it will show you which way it is breaking out

BB is just a guide, if no divergence with it, then its a no trade


anyway BB is just a guide, just like EMA

BB and EMA shows the relative area where div or hidden has a chance to happen


most important always divs and hidden divs (fractals too)


edit: lookie

right now we just got m30 hidden div... not confirmed yet, but thats what these bulls are buying, they will chicken out if momentum does not move on their side though, already ran into m5 hidden bearish
Be hopeful in a winning position, and fearful in a losing position.
  • #18,122
  • Nov 26, 2012 1:10pm Nov 26, 2012 1:10pm
I stop forcing exit BE s exectly BE
that precision illness/habit cost me alot of money
somehow will stop that
Quoting stevewalker
exit 1st SH -1
exit 2nd SH %50 +10
%50 runner for < 2945
  • #18,123
  • Nov 26, 2012 1:13pm Nov 26, 2012 1:13pm
.
Quoting Rag2RichesFX
yes it shows you where price is squeezed, so good for consolidation trading

it will show you market trend as well(so will any MA)

it will show you when market is about to breakout %30 will succed

it will show you which way it is breaking out

BB is just a guide, if no divergence with it, then its a no trade


anyway BB is just a guide, just like EMA

BB and EMA shows the relative area where div or hidden has a chance to happen


most important always...
  • #18,124
  • Nov 26, 2012 1:14pm Nov 26, 2012 1:14pm
Quoting stevewalker
exit 1st SH -1
exit 2nd SH %50 +10
%50 runner for < 2945
i like your style... very much so

if see lower than 2957 then that will be first lower low on hourly, 12+hours

need to break 2974 to see first higher high
Be hopeful in a winning position, and fearful in a losing position.
  • #18,125
  • Nov 26, 2012 1:17pm Nov 26, 2012 1:17pm
TY
one issue is bad.
enetering early sometime.
1 level (10 to 15 pips )
this is kiliing me
the reason is we can not know when it will go diagonal

Quoting Rag2RichesFX
i like your style... very much so
  • #18,126
  • Nov 26, 2012 1:19pm Nov 26, 2012 1:19pm
there is one thing in my mind to code
multi TF level penetration check with 1M fractals.
this will give if MKT will go dagonal.
but quite heavy code & still could not build it in my mind
I know what to do but dont know how to do

Quoting stevewalker
TY
one issue is bad.
enetering early sometime.
1 level (10 to 15 pips )
this is kiliing me
the reason is we can not know when it will go diagonal
  • #18,127
  • Nov 26, 2012 1:22pm Nov 26, 2012 1:22pm
Quoting stevewalker
TY
one issue is bad.
enetering early sometime.
1 level (10 to 15 pips )
this is kiliing me
the reason is we can not know when it will go diagonal
yes hard to make pips in such a small range

i have same issue as you sometimes, entering early

and then it will move my way after i close for tiny loss

one reason i prefer 8-13 pip stop loss, means i can lose 2-3 trades in a row before i stop for the day due to losing 20 pips (2% of account balance)
Be hopeful in a winning position, and fearful in a losing position.
  • #18,128
  • Nov 26, 2012 1:25pm Nov 26, 2012 1:25pm
it is MKT duty to hunt traders
he he

after 5 years I still dont understand how it start moving super fast to one direction
are big dogs dating @ FB & making a desecion.
still did not undertsnad
any comment appriciated

Quoting Rag2RichesFX
yes hard to make pips in such a small range

i have same issue as you sometimes, entering early

and then it will move my way after i close for tiny loss
  • #18,129
  • Nov 26, 2012 1:26pm Nov 26, 2012 1:26pm
Quoting stevewalker
there is one thing in my mind to code
multi TF level penetration check with 1M fractals.
this will give if MKT will go dagonal.
but quite heavy code & still could not build it in my mind
I know what to do but dont know how to do
this is why manual trading is better!

big time traders, use their EAs for very very very tiny leverage

then the manual trades they make are a lot more leverage


i can only see myself ever using an EA if it has max stop loss of 15% and can yield 100% profits every year (although that is talking about an adding to losers type of EA),

an EA that took losses multiple times daily, no larger than 2% loss per day or i wouldnt use it. and would have to yield at least 200% a year


manual > EA every time!!
Be hopeful in a winning position, and fearful in a losing position.
  • #18,130
  • Nov 26, 2012 1:29pm Nov 26, 2012 1:29pm
this code is not for trading EA
will add it to my charts
it will show when MKT POSS to move diagonal.
not for auto trading
Quoting Rag2RichesFX
this is why manual trading is better!

big time traders, use their EAs for very very very tiny leverage

then the manual trades they make are a lot more leverage


i can only see myself ever using an EA if it has max stop loss of 15% and can yield 100% profits every year


manual > EA every time!!
  • #18,131
  • Nov 26, 2012 1:30pm Nov 26, 2012 1:30pm
  • #18,132
  • Nov 26, 2012 1:30pm Nov 26, 2012 1:30pm
Quoting stevewalker
this code is not for trading EA
will add it to my charts
it will show when MKT POSS to move diagonal.
not for auto trading
oh isee

okay post a chart when you get it done
Be hopeful in a winning position, and fearful in a losing position.
  • #18,133
  • Nov 26, 2012 1:31pm Nov 26, 2012 1:31pm
if I can will do

Quoting Rag2RichesFX
oh isee

okay post a chart when you get it done
  • #18,134
  • Nov 26, 2012 1:31pm Nov 26, 2012 1:31pm
Quoting xandi
I´m huge heavly fan of "Pin Bar"...
and you are going to see me trading them agressively!!! for now on and ever!
this plus m1 divergence (with m5 hidden divergence nearing) is one of my fav scalp setups. it gives the sniper type entry where the moment you enter, it goes in your favor.

the only way i know to enter these sniper like trades, is because of back to back dojis (after the divergence shows up and get double dojis)

the double doji is very powerful on any TF


however, with the last 3, h4 candles, they could either be dojis, or hanging man, so its really quite hard to tell which way it wants to break..

i closed my 65 short BE... bastards, watch us go down now
Be hopeful in a winning position, and fearful in a losing position.
  • #18,135
  • Nov 26, 2012 1:33pm Nov 26, 2012 1:33pm
There are many reasons, but I'm sure a few of them are:
1) Large company converting large amounts of eur or $.
2) Market making desks need to hedge as they are long or short - this I know for a fact, especially during fast markets, they may need to hedge their risk.


Quoting stevewalker
it is MKT duty to hunt traders
he he

after 5 years I still dont understand how it start moving super fast to one direction
are big dogs dating @ FB & making a desecion.
still did not undertsnad
any comment appriciated
  • #18,136
  • Nov 26, 2012 1:34pm Nov 26, 2012 1:34pm
15M
see how Lower & Upper DER TL s are in action
Upper Yellow
Lower Magenta
Attached Image (click to enlarge)
Click to Enlarge Name: _2.gif Size: 37 KB
  • #18,137
  • Nov 26, 2012 1:36pm Nov 26, 2012 1:36pm
m5 BB is very close together,

now could break upwards as BB expands. if not we have a very , very tight range upon us

just touched m5 BB at 29655


even the m30 BB is in a 14 pip range


edit: triangle end incoming!!
Attached Image (click to enlarge)
Click to Enlarge Name: quicksave4.jpg Size: 268 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #18,138
  • Nov 26, 2012 1:36pm Nov 26, 2012 1:36pm
TY
but one company or Fund can not manuplate EURUSD
for GBP Yes Soros did it http://olesiafx.com/Kathy-Lien-Day-T...f-England.html

but EURUSD
there should be someting else

Quoting glennl2000
There are many reasons, but I'm sure a few of them are:
1) Large company converting large amounts of eur or $.
2) Market making desks need to hedge as they are long or short - this I know for a fact, especially during fast markets, they may need to hedge their risk.
  • #18,139
  • Nov 26, 2012 1:37pm Nov 26, 2012 1:37pm
UP!?
not good for me he he

Quoting Rag2RichesFX
m5 BB is very close together,

now could break upwards as BB expands. if not we have a very , very tight range upon us

just touched m5 BB at 29655
  • #18,140
  • Nov 26, 2012 1:38pm Nov 26, 2012 1:38pm
A trading desk may need to buy/sell 100M at once to hedge risk and they absolutely do that. That will move the market.

Quoting stevewalker
TY
but one company or Fund can not manuplate EURUSD
for GBP Yes Soros did it http://olesiafx.com/Kathy-Lien-Day-T...f-England.html

but EURUSD
there should be someting else
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