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Trading EURUSD only

  • #37,401
  • Mar 9, 2013 6:28am Mar 9, 2013 6:28am
Actually Keynesians are trying to save whatever left after 30 years ran by globalists.
but we are f***ed anyway.

Quoting TuttiDFrutti
I made some money with the NFP move but the 150-pip move surprised me. Wait when you see Fed raising the rates. EURUSD could possibly drop 300 or even more pips. But to sum it up it is all just an illusion as the world is being f666ed by Keynesians.
  • #37,402
  • Mar 9, 2013 7:12am Mar 9, 2013 7:12am
2013 started wtih some problems for me.
actually still fixing those.

when ready will email you.

let me tell you something.
you know I code. the simpliest EA I had coded 1000pip TP & 15 to 500 pips SL.
no optmization. I had coded & tested. it wroked.

Back tested for since 1999 it make profit ecery single year rather then

1999 & 2012

those years are total chop
so your trading style with running winners has partially failed last year.
now its smart to trade with smaller distances depending on trader style.
but soon or late it will start trending properly.


Quoting shiko
Why terror Steve? it's nice. I wish I had my own place to trade. I feel fine actually, knowing that problem is profit taking is better than knowing I am always wrong This time I am taking profits. Start my new effort on MOnday. I wonder, why do not you join me?
  • #37,403
  • Mar 9, 2013 7:37am Mar 9, 2013 7:37am
I day trade because they fund day traders and scalpers who meet criteria. it is what important for me. you are day tarder btw. wonder why you are not going for it cause I know you can trade.


Quoting stevewalker
2013 started wtih some problems for me.
actually still fixing those.

when ready will email you.

let me tell you something.
you know I code. the simpliest EA I had coded 1000pip TP & 15 to 500 pips SL.
no optmization. I had coded & tested. it wroked.

Back tested for since 1999 it make profit ecery single year rather then

1999 & 2012

those years are total chop
so your trading style with running winners has partially failed last year.
now its smart to trade with smaller distances depending on trader style.
but soon or late it will start trending...
  • #37,404
  • Mar 9, 2013 8:08am Mar 9, 2013 8:08am
bro
its always difficoult trading others people money.
when I am trading mine I do responsible only myself.

but will chack it soon

why not.

Quoting shiko
I day trade because they fund day traders and scalpers who meet criteria. it is what important for me. you are day tarder btw. wonder why you are not going for it cause I know you can trade.
  • #37,405
  • Mar 9, 2013 8:22am Mar 9, 2013 8:22am
It is not private funds. They won't give you money until you and they make sure you are good at risk management and making $$$. you trade only demo until you make it and then you get funded. It is a win win situation. Total loss both on demo and live account is predetermined. No blowing accounts...

Quoting stevewalker
bro
its always difficoult trading others people money.
when I am trading mine I do responsible only myself.

but will chack it soon

why not.
  • #37,406
  • Mar 9, 2013 8:44am Mar 9, 2013 8:44am
ok
I assuemt it might be that way.

the issue is trading other peoples money may effect my trading style/desecions.
this also may effect my own trading results

you know to be under watched while trading makes trader under stress.

again I think I can handle that issue with some experience. but first I should believe that.

since now I will start believeing myself. after sometimes I can start.
this how it works for me first I should prepare my mind



Quoting shiko
It is not private funds. They won't give you money until you and they make sure you are good at risk management and making $$$. you trade only demo until you make it and then you get funded. It is a win win situation. Total loss both on demo and live account is predetermined. No blowing accounts...
  • #37,407
  • Mar 9, 2013 9:13am Mar 9, 2013 9:13am
Hello all,
hope you are having a great weekend. Here in Italy it's cloudy so...good time for a hot chocolate, relax and a view on the Euro FX currency futures valid for next Monday March 11th...

The Euro FX futures is still in measured moves lower on the daily chart. The last setup had resistance and short entry around the 1.3170 level with a stop above 1.3205 which was never hit. The first target in the 1.2950 area was only hit yesterday. Those who though the BCE rally was the start of the move higher of the Euro were mistaken.

Attached Image (click to enlarge)
Click to Enlarge Name: 6E_daily_trading_plan_20130311.png Size: 62 KB


If we consider the 1.2950 first target hit on Friday we have two possibilities now. At the beginning of the week we could rally into the 1.3040 area (or even higher breaking the 1.3065) level and then come back into the 1.2900 support; or,price could just keep moving lower into the 1.2900 area of support. Hereunder are the two scenarios:

Scenario 1. Price does not trade the next traditional short at the 1.3040 area, but just keeps moving lower into the 1.2900 area of support. We could witness participation in the 1.2900 from professionals and Program Trading.

Scenario 2. If the Euro gets a bid on Monday price could move higher into the 1.3040 area or above and then resume the move lower into the 1.2900 area. In the 1.2900 area or slightly below it we could witness participation from professionals and Program Trading.

As usual I am interested in your views and, if I don't see your replies please remind them to me with a PM (sometimes I jump over answers, sorry for that).
Thank you.

PS: the related video analysis will be on my blog shortly.

Cheers
G.
"markets traded by programs/HFT offer a significant trading edge..."
  • #37,408
  • Mar 9, 2013 10:07am Mar 9, 2013 10:07am
here is a darft of POSS trading zone for chart.
out of Gray zones this CT is out of cycling & cant be used.
smaller or bigger TF should be used.
out of those zones even indicator diverenges will be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: _r8.gif Size: 74 KB
  • #37,409
  • Mar 9, 2013 1:56pm Mar 9, 2013 1:56pm
I think the best way to learn swimming is to swim. You can actually take 2 weeks free demo to learn how things work there.
In any case, it is the best way to go pro in current situation. Let me know when you are ready, Steve.

Quoting stevewalker
ok
I assuemt it might be that way.

the issue is trading other peoples money may effect my trading style/desecions.
this also may effect my own trading results

you know to be under watched while trading makes trader under stress.

again I think I can handle that issue with some experience. but first I should believe that.

since now I will start believeing myself. after sometimes I can start.
this how it works for me first I should prepare my mind
  • #37,410
  • Mar 9, 2013 2:02pm Mar 9, 2013 2:02pm
he he
correct if its not so deep ( demo ok )

will let you know

Quoting shiko
I think the best way to learn swimming is to swim. You can actually take 2 weeks free demo to learn how things work there.
In any case, it is the best way to go pro in current situation. Let me know when you are ready, Steve.
  • #37,411
  • Mar 9, 2013 2:05pm Mar 9, 2013 2:05pm
a better example
in left circle its walking over the zone then break up
in right circle its walking below the zone then it breaks down in the next bars not seen on CT

one more thing
Renko bars match much more better then TF charts
smaller TF are better then bigger TF s
Attached Image (click to enlarge)
Click to Enlarge Name: _r8.gif Size: 56 KB
  • #37,412
  • Mar 9, 2013 2:05pm Mar 9, 2013 2:05pm
Quoting shiko
It is not private funds. They won't give you money until you and they make sure you are good at risk management and making $$$. you trade only demo until you make it and then you get funded. It is a win win situation. Total loss both on demo and live account is predetermined. No blowing accounts...
Are you talking about Topsteptrader? If so, why do you want to apply with them? They donīt fund you?!
  • #37,413
  • Mar 9, 2013 2:33pm Mar 9, 2013 2:33pm
yes, exactly. they will after I meet targets.
taking combines so far.
Quoting Myo
Are you talking about Topsteptrader? If so, why do you want to apply with them? They donīt fund you?!
  • #37,414
  • Edited 3:04pm Mar 9, 2013 2:46pm | Edited 3:04pm
Quoting shiko
yes, exactly. they will after I meet targets.
taking combines so far.
What I mean is, they donīt give you any money to trade with when you become a "funded trader" and thatīs what prop trading is about, trading the firmīs money, isnīt it? So imo they "fund" you only in a very general sense of the word.

Edit: Have you looked at pulsarcap.com yet? Much better offer I would say.

Edit2: Ok, I see. They allow you a 2000$ drawdown if you complete the 50.000$-combine. Still doesnīt sound much.
  • #37,415
  • Mar 9, 2013 4:49pm Mar 9, 2013 4:49pm
No they do give money to trade to funded traders. limit for $50K is $2000.
Pulsar is $500 per attempt...I like their increase in buying power more than Topstep's. I need to start with something to start making it.
Pulsar doe snot mention what happens when trader starts losing... Both are good options for underfunded trader.

Quoting Myo
What I mean is, they donīt give you any money to trade with when you become a "funded trader" and thatīs what prop trading is about, trading the firmīs money, isnīt it? So imo they "fund" you only in a very general sense of the word.

Edit: Have you looked at pulsarcap.com yet? Much better offer I would say.

Edit2: Ok, I see. They allow you a 2000$ drawdown if you complete the 50.000$-combine. Still doesnīt sound much.
  • #37,416
  • Mar 9, 2013 4:50pm Mar 9, 2013 4:50pm
I think $2000 is ok. They want scalpers, not position traders.
  • #37,417
  • Mar 9, 2013 5:06pm Mar 9, 2013 5:06pm
Quoting shiko
Pulsar doe snot mention what happens when trader starts losing... Both are good options for underfunded trader.
Once you exceed their drawdown limit (1,5% I think), your contract gets revoked, but as I understood them, there are exceptions to the rule. It all depends on your prior performance (I know that, because I emailed them).
  • #37,418
  • Mar 9, 2013 5:29pm Mar 9, 2013 5:29pm
I think Pulsar is very expensive to try it without already making money form trading. Also, at Topstep once you mad eit to live and even if you lose $2000 you already do not have to pay for demo. You have one combine per month free and you do not have to make $5000 again. the target is negotiated. and you do not have to trade those $2000 back. i have seen few traders returned to live and without DD they incurred. I think it is thanks to all those who pay and never succeed. very smart business model. Losers lose, but winners have it easier and Topstep has the best of both worlds.
I made my mind. i will be doing it with Topstep until I succeed and from what i see I will make it eventually. may be this time.

Quoting Myo
Once you exceed their drawdown limit (1,5% I think), your contract gets revoked, but as I understood them, there are exceptions to the rule. It all depends on your prior performance (I know that, because I emailed them).
  • #37,419
  • Mar 10, 2013 12:14am Mar 10, 2013 12:14am
i think like it
http://prntscr.com/vpxz3
  • #37,420
  • Mar 10, 2013 3:34am Mar 10, 2013 3:34am
now I can understand better.

the point is.

most of the indicators is usefull when been used with micro period like ~14
when MKT stop cycling & strat linear move those are fails as they all try to move thgrough "0" line every end of period.
as Average micro period is always 14. this makes indicators useless on linear moves.


Quoting stevewalker
a better example
in left circle its walking over the zone then break up
in right circle its walking below the zone then it breaks down in the next bars not seen on CT

one more thing
Renko bars match much more better then TF charts
smaller TF are better then bigger TF s
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