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Trading EURUSD only

  • #19,001
  • Nov 28, 2012 7:35am Nov 28, 2012 7:35am
closed long....try to reenter lower!
  • #19,002
  • Nov 28, 2012 7:39am Nov 28, 2012 7:39am
Quoting linusjob
Could you please let me know when you are in a trade, do you watch the PA in 1Min chart or do you flip between 1min 5Min and 15 min constantly ? I seem to loose pips due to (delay or early) closing trades. What are the triggers to look for reversal of trend. Quite often Alogos mess with the fractals do not go with direction. Thanks in advnce for your respone.
Hy

When i am in a trade i first find a strong support/ resistance area from my charts. to do that i have multiple charts with fibonacci channels (different channels on diff TF's) and the larger the TF the stronger the S/R. Also channel-clusters (multiple fibchannels-lines cross or meet in the same level).
This is target.
For reversals i look 5/1 min charts and the patterns on the fibchannel. 5min charts shows the pattern and i look for confirmations from 1min chart. If 1 min charts shows a rejection from fibchannel. Large wick on candle or engulfing candles etc. For further more confirmation i look how the price acts on the fibchannel that was previously broken (if downmove then the upper broken channel, if upmove then lower broken channel) on smaller TF's because i have noticed that this is usually the bounce point. If that previous line is also broken this confirms a reversal and i will exit for sure (if TP not hit). Because the smaller TF channels are close togeather (approx 5-10-15 pips each other) i don't lose very much from that trade

Hope this was helpful and understandable. Don't know how to put my thoughs any clearer.

  • #19,003
  • Nov 28, 2012 7:40am Nov 28, 2012 7:40am
Quoting xandi
closed long....try to reenter lower!
yes it SHOULD fall back again


i just closed @ 923, +4 pip

+0.2%

daily = +0.6%

got loss back
Be hopeful in a winning position, and fearful in a losing position.
  • #19,004
  • Nov 28, 2012 7:42am Nov 28, 2012 7:42am
Quoting Rag2RichesFX
added 5x long @87 where i closed
way to go! this could be promissing...i´ll watch closely the moove...had to close it because going lunch with some technicals here..GL bro!!

ps: see now you closed also..let´s reenter lower together
  • #19,005
  • Nov 28, 2012 7:43am Nov 28, 2012 7:43am
Quoting xandi
way to go! this coulb be promissing...i´ll watch closely the moove...hev to close it because going lunch with some technicals here..GL bro!!
thanks

yes already long with wide stop from around these level too, but that one was a scalp


enjoy lunch
Be hopeful in a winning position, and fearful in a losing position.
  • #19,006
  • Nov 28, 2012 7:44am Nov 28, 2012 7:44am
Quoting mok1one
Hy

When i am in a trade i first find a strong support/ resistance area from my charts. to do that i have multiple charts with fibonacci channels (different channels on diff TF's) and the larger the TF the stronger the S/R. Also channel-clusters (multiple fibchannels-lines cross or meet in the same level).
This is target.
For reversals i look 5/1 min charts and the patterns on the fibchannel. 5min charts shows the pattern and i look for confirmations from 1min chart. If 1 min charts shows a rejection from fibchannel. Large wick on candle or engulfing...
Much appreciate your response. Need to really study and understand what you mentioned.You have been doing some a amazing trades. Keep it up. GL. Thanks again
  • #19,007
  • Nov 28, 2012 7:46am Nov 28, 2012 7:46am
Quoting mok1one
Hy

When i am in a trade i first find a strong support/ resistance area from my charts. to do that i have multiple charts with fibonacci channels (different channels on diff TF's) and the larger the TF the stronger the S/R. Also channel-clusters (multiple fibchannels-lines cross or meet in the same level).
This is target.
For reversals i look 5/1 min charts and the patterns on the fibchannel. 5min charts shows the pattern and i look for confirmations from 1min chart. If 1 min charts shows a rejection from fibchannel. Large wick on candle...
Forgot to mention that i also watch daily pivot point. And this is according to my stardegy using fibchannels.
  • #19,008
  • Nov 28, 2012 7:49am Nov 28, 2012 7:49am
why do i not take these hidden div trades on m5! silly really


short from 92/93 would have been money, thats why i took profit on long, knew it was gonna fall

need to short next time, would have made 0.4%


now it may finally be going up after bottom out
Be hopeful in a winning position, and fearful in a losing position.
  • #19,009
  • Nov 28, 2012 7:50am Nov 28, 2012 7:50am
LONG 88

5x
Be hopeful in a winning position, and fearful in a losing position.
  • #19,010
  • Nov 28, 2012 7:51am Nov 28, 2012 7:51am
Quoting Rag2RichesFX
LONG 88

5x

closed HALF 925

+0.1%

daily = +0.7%

remaining, 2.5x

would be nice to see 1.29 again
Be hopeful in a winning position, and fearful in a losing position.
  • #19,011
  • Nov 28, 2012 7:57am Nov 28, 2012 7:57am
Quoting Rag2RichesFX
closed HALF 925

+0.1%

daily = +0.7%

remaining, 2.5x

would be nice to see 1.29 again
By the looks of it it may test the 00 again. fibchannel upper line and 5min bullish div.
you also mentioned the 5min div. From my experance these 5min divs don't play out in 5 or 10 minutes. may take 20-30 min before making a move. so far 2 waves created. there might be 3rd lower wave making lower low before playing out (Waves on macd).
  • #19,012
  • Nov 28, 2012 7:58am Nov 28, 2012 7:58am
Quoting mok1one
By the looks of it it may test the 00 again. fibchannel upper line and 5min bullish div.
you also mentioned the 5min div. From my experance these 5min divs don't play out in 5 or 10 minutes. may take 20-30 min before making a move. so far 2 waves created. there might be 3rd lower wave making lower low before playing out (Waves on macd).
the 3rd wave may come because it is also making hidden bear div with the upper waves between the lower ones.
Will upload chart
  • #19,013
  • Nov 28, 2012 7:58am Nov 28, 2012 7:58am
Quoting mok1one
By the looks of it it may test the 00 again. fibchannel upper line and 5min bullish div.
you also mentioned the 5min div. From my experance these 5min divs don't play out in 5 or 10 minutes. may take 20-30 min before making a move. so far 2 waves created. there might be 3rd lower wave making lower low before playing out (Waves on macd).
you are right, i see the range typically 15-30 minutes

97 is good enough for me.
Be hopeful in a winning position, and fearful in a losing position.
  • #19,014
  • Nov 28, 2012 7:59am Nov 28, 2012 7:59am
Quoting Rag2RichesFX
closed HALF 925

+0.1%

daily = +0.7%

remaining, 2.5x

would be nice to see 1.29 again
close other half 965

+0.2% ((8 pips x 2.5 lev)

daily = +0.9%


closed on touch of 34 ema on m5

also bearish divergence likely forming
Be hopeful in a winning position, and fearful in a losing position.
  • #19,015
  • Nov 28, 2012 8:01am Nov 28, 2012 8:01am
Quoting mok1one
the 3rd wave may come because it is also making hidden bear div with the upper waves between the lower ones.
Will upload chart
red lines bullish div with 2 waves
blue lines hidden bear div with 2 waves
You can also see the upper fibline (yellow)
This could mean it may go down to the 60-70 area and then bullsi hdiv with 3rd wave into play.

5MIN Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.JPG Size: 86 KB
  • #19,016
  • Nov 28, 2012 8:09am Nov 28, 2012 8:09am
missing all the good shorts

but cant complain as long as green for the day

been at desk only 4 hours today
Be hopeful in a winning position, and fearful in a losing position.
  • #19,017
  • Nov 28, 2012 8:14am Nov 28, 2012 8:14am
Quoting Rag2RichesFX
missing all the good shorts

but cant complain as long as green for the day

been at desk only 4 hours today
As long as your in green it's good
Also traded only 3,5 H to get my pips. But since I can't leave the PC because i'm was working until now i watched the charts.
And off the catch bus home now.
Green pips to you
  • #19,018
  • Nov 28, 2012 8:21am Nov 28, 2012 8:21am
Quoting mok1one
As long as your in green it's good
Also traded only 3,5 H to get my pips. But since I can't leave the PC because i'm was working until now i watched the charts.
And off the catch bus home now.
Green pips to you
how long you typically trade?

see you
Be hopeful in a winning position, and fearful in a losing position.
  • #19,019
  • Nov 28, 2012 8:31am Nov 28, 2012 8:31am
long 2887
  • #19,020
  • Nov 28, 2012 8:36am Nov 28, 2012 8:36am
Quoting tigerpip
long 2887
Long also. 1.2889
TP 1 1.2915
SL=based on dollar index, so its subejective
"My 2 cents"
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