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Trading EURUSD only

  • #22,801
  • Dec 8, 2012 10:14am Dec 8, 2012 10:14am
Trying to figure out what this guy uses any thoughts? He did this live on NFP too long at 8:43 in this chatroom called binaryoptionsdaily I guess he trades binaries mostly but I don't know I think I will stick to spot that market looks kind of shady imo. But still I am very curious he said he uses spreadsheets : What do you guys think?

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  • #22,802
  • Dec 8, 2012 10:16am Dec 8, 2012 10:16am
well, I stopped posting until recover, after if I recover and if I post again IŽll show my trades these days...thanks for those who care!take care all of you
  • #22,803
  • Dec 8, 2012 10:55am Dec 8, 2012 10:55am
Xandi, I am sure you will recover all losses. I have one piece of advice for you for day trading. Set daily loss limit. 2% of your balance.
Once you are -1.9% down, close all trades, close platform and walk away till next day.
I am trading this way now and it is much better. Set floor under how much you can lose.

Quoting xandi
well, I stopped posting until recover, after if I recover and if I post again IŽll show my trades these days...thanks for those who care!take care all of you
  • #22,804
  • Dec 8, 2012 11:47am Dec 8, 2012 11:47am
http://www.forexfactory.com/attachme...1&d=1354967167



Tim,

Not sure that I see it that way. I see a 100% Fib retracement from around the 1.28995 level and completion of the fifth wave on the hourly.

Now, on the daily it looks a little more interesting. We could still be in wave 1 and the potential downside could be 1.25710 or lower.

Just my opinion, thanks for your chart and analysis.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,805
  • Dec 8, 2012 5:43pm Dec 8, 2012 5:43pm
during WE I keep working on waves Learning & Coding
& coded to calculated POSS Buy & Sell zones form determined waves

see the White rectangle. 1H chart ( Red Zone for Shorts // Blue Zones for Longs )
Attached Image (click to enlarge)
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  • #22,806
  • Dec 8, 2012 5:45pm Dec 8, 2012 5:45pm
bro
yes sometimes trading by your own is good.
I am sure you will recover.

Quoting xandi
well, I stopped posting until recover, after if I recover and if I post again IŽll show my trades these days...thanks for those who care!take care all of you
  • #22,807
  • Dec 8, 2012 5:51pm Dec 8, 2012 5:51pm
& for getting better PB levels
we should check lower TF s
the history of wave chart gives nothing ( means average of PB % from history )

Quoting stevewalker
during WE I keep working on waves Learning & Coding
& coded to calculated POSS Buy & Sell zones form determined waves

see the White rectangle. 1H chart ( Red Zone for Shorts // Blue Zones for Longs )
  • #22,808
  • Dec 8, 2012 6:01pm Dec 8, 2012 6:01pm
we should determine POSS %PB from lower TF s and react accordingly.
lower TF s eg...
for 1H chart is 15M & 30M max 5M still working on that.

Quoting stevewalker
& for getting better PB levels
we should check lower TF s
the history of wave chart gives nothing ( means average of PB % from history )
  • #22,809
  • Dec 9, 2012 4:14am Dec 9, 2012 4:14am
Hello everyone.

A downside vertical count (yellow circle) yielded exactly 1.2880, which was reached and the price bounced off it to a previously important level 1.2940. On top of that it can be seen that 1.2880 apart from being a number derived from a vertical count is also a support level. I'm fully aware though, that this kind of information, stated after the fact, may be dismissed by some as some sort of data fitting, as it were, and, therefore, completely unimportant.

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If that sharp fall of approximately 200 pips were to be taken as the basis of a new downside count we would get 1.2480. This count is to be activated if the price breaches 1.2880. Sure, there are some levels to achieve and break through before that, 1.2660, in my humble opinion being one of the most important ones.

Attached Image (click to enlarge)
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Notice also that the price now is actually below the trend lines, which did not provide enough support this time to hold it at 1.2970 at the very least. If the price goes back up to those levels one might want to recollect a certain number of 1.3190, which is not to be ruled out till 1.2730.

Any thoughts would be appreciated.

Thanks.
  • #22,810
  • Dec 9, 2012 5:13am Dec 9, 2012 5:13am
Hi Che, you do not count wicks. The last trend line has not been broken yet. If you connect 2 lows of previous down move it will be the last trend line. But it should be from wick to wick. The rest was indeed easily broken. No support at all.

Quoting CheG
Hello everyone.

A downside vertical count (yellow circle) yielded exactly 1.2880, which was reached and the price bounced off it to a previously important level 1.2940. On top of that it can be seen that 1.2880 apart from being a number derived from a vertical count is also a support level. I'm fully aware though, that this kind of information, stated after the fact, may be dismissed by some as some sort of data fitting, as it were, and, therefore, completely unimportant.

Attachment

If...
  • #22,811
  • Dec 9, 2012 5:37am Dec 9, 2012 5:37am
Quoting shiko
Hi Che, you do not count wicks. The last trend line has not been broken yet. If you connect 2 lows of previous down move it will be the last trend line. But it should be from wick to wick. The rest was indeed easily broken. No support at all.
Thanks shiko.

I think that the trend line you have in mind can be more easily represented in H4 than in P&F (the thickest blue one). Am I right?

Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 32 KB


As for my trend lines I mostly use 45 degree trend lines, that's why they may not conform to more conventional ones.
  • #22,812
  • Dec 9, 2012 6:24am Dec 9, 2012 6:24am
Quoting Rag2RichesFX
nice

just be careful with adding to losers

only smart to do it on a heavy trend

i do this too but only one or two adding to losers, and only with a very strong trend that i know will continue

and stop loss is never more than my max loss per day of 2%

it is rare that it gets hit though, trends almost always continue

one way i do it is on a strong trend, i will enter where i think it will continue and if it doesnt, i will enter another (twice the size) where i think it will continue trend the second time (must be at least 5 pips away from the...

Hi Rag2RichesFX


It is very nice advice to someone who is doing that

My strategy is fully flexible and it depend on current market situation

I did not mention but two weeks before finish on weekly high too


Greatings
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  • #22,813
  • Dec 9, 2012 6:33am Dec 9, 2012 6:33am
hi morob
one Q

how did you recover this weeks drawdown?
with heavy trades or same size trades that caused DD

PS : I am not looking for mistakes

Quoting morob
Hi Rag2RichesFX


It is very nice advice to someone who is doing that

My strategy is fully flexible and it depend on current market situation

I did not mention but two weeks before finish on weekly high too


Greatings
  • #22,814
  • Dec 9, 2012 6:36am Dec 9, 2012 6:36am
2880 is Bias of 2 months ago I guess ( dont remeber exectly but posted several times )
actually strong
only one test
if it test more it will weaken & broken

depends on if it keep testing or reverse
  • #22,815
  • Dec 9, 2012 7:00am Dec 9, 2012 7:00am
Quoting stevewalker
hi morob
one Q

how did you recover this weeks drawdown?
with heavy trades or same size trades that caused DD

PS : I am not looking for mistakes

No there was no any heavy trades or nothing like that

I did cover some positions on minus to keep DD on my side

And then went longs at area 1.288x-9x

Thats all
  • #22,816
  • Dec 9, 2012 7:05am Dec 9, 2012 7:05am
Quoting stevewalker
2880 is Bias of 2 months ago I guess ( dont remeber exectly but posted several times )
actually strong
only one test
if it test more it will weaken & broken

depends on if it keep testing or reverse
hi steve,

this level is very important for me.
actuall 13 1/2 size long positions under Water with -4,4%

if this level will be broken iŽll exit and have to book the losses :/
just do it
  • #22,817
  • Dec 9, 2012 8:27am Dec 9, 2012 8:27am
I think you can do it from practically any TF whenever you see those two lows close enough to draw trend line. 4H will do it too.

Quoting CheG
Thanks shiko.

I think that the trend line you have in mind can be more easily represented in H4 than in P&F (the thickest blue one). Am I right?

Attachment

As for my trend lines I mostly use 45 degree trend lines, that's why they may not conform to more conventional ones.
  • #22,818
  • Dec 9, 2012 8:31am Dec 9, 2012 8:31am
Yes, that trend line looks too shallow now. I do not think it will provide much of support. I would probably add another position if/ when it gets broken. I am short now.

Quoting CheG
Thanks shiko.

I think that the trend line you have in mind can be more easily represented in H4 than in P&F (the thickest blue one). Am I right?

Attachment

As for my trend lines I mostly use 45 degree trend lines, that's why they may not conform to more conventional ones.
  • #22,819
  • Dec 9, 2012 8:41am Dec 9, 2012 8:41am
my long therm outlook
Attached Image (click to enlarge)
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The market was bullish, turned bearish, and you'are brokish!!!
  • #22,820
  • Dec 9, 2012 8:46am Dec 9, 2012 8:46am
Quoting FXThug
my long therm outlook
Is that for real?
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