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Trading EURUSD only

  • #19,581
  • Nov 29, 2012 9:46am Nov 29, 2012 9:46am
Quoting stevewalker
LG added 2977
Long 1.2970 as it hit support SL@2959 TP @12985
  • #19,582
  • Nov 29, 2012 9:48am Nov 29, 2012 9:48am
lets see how will react

Quoting Swedishtrade
Long 1.2970 as it hit support SL@2959 TP @12985
  • #19,583
  • Nov 29, 2012 9:50am Nov 29, 2012 9:50am
Quoting mok1one
Shorts 11, 06, 00, 95 TP hit @ 76 for total +108
Done trading for today, just watching charts from now on (because I'm at work and can't leave the screen)

5MIN 15MIN 30MIN
Update on chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 51530.JPG Size: 103 KB
  • #19,584
  • Nov 29, 2012 9:54am Nov 29, 2012 9:54am
LG @ 81
Trade smaller than rational because the market is irrational...
  • #19,585
  • Nov 29, 2012 9:56am Nov 29, 2012 9:56am
I was wondering if I can long it from 297x
now I am but with one more from 2999 he he
  • #19,586
  • Nov 29, 2012 10:01am Nov 29, 2012 10:01am
bro´s , I warn you about the close on monthly where it oppened, at 1.2960, closing in a cross, exactly the same on weekly, closing in a cross!! Because these Time Frames are more important than daily, this pinbar on daily has relative less importance because the target on Monthly/Weekly close is +/- obvious..so the price will go "drunk" until the month closes...
Those who want to Go Bull, just wait for next week, if Monthly candle closes on cross/pin bar, we all know the next moove(at least the first next moove), it will go uppp fast withou low wick.
  • #19,587
  • Nov 29, 2012 10:02am Nov 29, 2012 10:02am
Quoting xandi
bro´s , I warn you about the close on monthly where it oppens, at 1.2960, closing in a cross, exactly the same on weekly, closing in a cross!! Because these Time Frames are more important than daily, this pinbar on daily has relative less importance because the target on Monthly/Weekly close is +/- obvious..so the price will go "drunk" until the month closes...
Those who want to Go Bull, just wait for next week, if Monthly candle closes on cross/pin bar, we all know the next moove(at least the first next moove), it will go uppp fast withou low...
I agree with what you're thinking. I've been following the W1 and M1 chart closely as of late.
  • #19,588
  • Nov 29, 2012 10:04am Nov 29, 2012 10:04am
traded 2 heavy longs
& trades are clread with booked BE
now looking for profit
still 3 LG FL
  • #19,589
  • Nov 29, 2012 10:06am Nov 29, 2012 10:06am
Gidday Traders

Been reading everything,thanks
Been trapped in some bad trades
which are spread over the entire platform

Feel like seagull pick pick pick an more picking

Closed some trades which only came into profit later on.

Been a bad dog with bad habits which are hard to break

But Hey this great fun an I like it

Plan is to work through the mine field an sort my shit out
  • #19,590
  • Nov 29, 2012 10:06am Nov 29, 2012 10:06am
2 HS not @ the same time

Quoting stevewalker
traded 2 heavy longs
& trades are clread with booked BE
now looking for profit
still 3 LG FL
  • #19,591
  • Nov 29, 2012 10:14am Nov 29, 2012 10:14am
all LG cleared +BE
LG @ 2977 FL
NS

Quoting stevewalker
2 HS not @ the same time
  • #19,592
  • Nov 29, 2012 10:15am Nov 29, 2012 10:15am
Good day
Quoting eliteincome
Gidday Traders

Been reading everything,thanks
Been trapped in some bad trades
which are spread over the entire platform

Feel like seagull pick pick pick an more picking

Closed some trades which only came into profit later on.

Been a bad dog with bad habits which are hard to break

But Hey this great fun an I like it

Plan is to work through the mine field an sort my shit out
  • #19,593
  • Nov 29, 2012 10:15am Nov 29, 2012 10:15am
Cut my short for an 8 pip loss.

Have a long in at 78 aiming at 1.3010 and using W1 and M1 to predict medium to long term bullish. I think the housing data caused a brief spike down but now technical sentiment will take the reigns again and at least retest that high.
  • #19,594
  • Nov 29, 2012 10:17am Nov 29, 2012 10:17am
I dont like heavy size trading but
sometimes needed with exit strategy
as EA setting SL s to %12DD for all trades
working well

Quoting stevewalker
traded 2 heavy longs
& trades are clread with booked BE
now looking for profit
still 3 LG FL
  • #19,595
  • Nov 29, 2012 10:17am Nov 29, 2012 10:17am
Quoting stevewalker
all LG cleared +BE
LG @ 2977 FL
NS
So you traded with much higher risk today, than I am trading with my highly loaded orders every day?
  • #19,596
  • Nov 29, 2012 10:18am Nov 29, 2012 10:18am
Quoting stevewalker
I dont like heavy size trading but
sometimes needed with exit strategy
as EA setting SL s to %12DD for all trades
working well


Happy for you. But follow your rules!
  • #19,597
  • Nov 29, 2012 10:22am Nov 29, 2012 10:22am
dear paul-fx
dont look for foults or conflicts I am the open here as much as I can
does not help you making better trader
I had explained my trade system & MM @ 1st page.

even when driving car sometimes we make risky moves to avoid from disasters.
if we make those moves every day it is too dangerous
when we do it when needed it is less dangerous & avoid us from disasters
it may end with disaster too it is statistic from that point


Quoting paul-fx
So you traded with much higher risk today, than I am trading with my highly loaded orders every day?
  • #19,598
  • Nov 29, 2012 10:23am Nov 29, 2012 10:23am
I see that you can read
read first page


I had explained my trade system & MM @ 1st page.
Quoting paul-fx


Happy for you. But follow your rules!
  • #19,599
  • Nov 29, 2012 10:24am Nov 29, 2012 10:24am
Quoting Swedishtrade
Long 1.2970 as it hit support SL@2959 TP @12985
Got out at 2983
Flat now, waiting for new opportunities
  • #19,600
  • Nov 29, 2012 10:24am Nov 29, 2012 10:24am
@ paul-fx
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 as 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 x NS and/or 1/2 NS Trades + 1 x 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 %12DD 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 %12DD Auto Exit will close all.
* All distances Depending on the MKT condition. NOT FIX.
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