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  • #786,381
  • Apr 11, 2013 6:49am Apr 11, 2013 6:49am
Quoting kuroro001
Easy...click on Forum on top...then choose the location (interactive trading, journal, ...) and on the top right corner, click "start a new thread" You need 5 vouches i think
Thank you my friend

Cheers
aligater
born to speculate
  • #786,382
  • Apr 11, 2013 6:50am Apr 11, 2013 6:50am
Divergence forming on the 4HR.

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  • #786,383
  • Apr 11, 2013 6:50am Apr 11, 2013 6:50am
Quoting mohan76
this is what he doing open demo account , 1 open one long and short , 2 once one of them turn to profit book it and wait for other one turn into profit 3. while waiting repeat step 1 Please don't try it on live account.

I've tried it, not my style at all.

You can get stuck with a long at the highs and a short at the bottom.
And if you cut a long too soon while you have short, it can still head up big time. So you cut your profit, and let a losers run.

You have to be careful and know what you do using this strategy
COT: The precious data ignored
  • #786,384
  • Apr 11, 2013 6:52am Apr 11, 2013 6:52am
Quoting kuroro001
I've tried it, not my style at all. You can get stuck with a long at the highs and a short at the bottom. And if you cut a long too soon while you have short, it can still head up big time. So you cut your profit, and let a losers run. You have to be careful and know what you do using this strategy

well said. happened atleast 100 times with me.
  • #786,385
  • Apr 11, 2013 6:52am Apr 11, 2013 6:52am
Thats was the first thing in my mind "where to cut profit"
edit: well I'm happy with my traiding style so I think I keep it that way.
Quoting kuroro001
I've tried it, not my style at all. You can get stuck with a long at the highs and a short at the bottom. And if you cut a long too soon while you have short, it can still head up big time. So you cut your profit, and let a losers run. You have to be careful and know what you do using this strategy
  • #786,386
  • Apr 11, 2013 6:54am Apr 11, 2013 6:54am
Quoting kuroro001
I've tried it, not my style at all. You can get stuck with a long at the highs and a short at the bottom. And if you cut a long too soon while you have short, it can still head up big time. So you cut your profit, and let a losers run. You have to be careful and know what you do using this strategy
me too and gave up, i guess most of the trader tried/did this meathord in early stage & gaveup as they understand balances is fake , equity is reality
Mohan
  • #786,387
  • Apr 11, 2013 6:55am Apr 11, 2013 6:55am
Quoting forex4india1
todays looks more like NFP day when the euro suddenly surged. that day euro spiked up 30 pips on no news. today 40 pips on no news. close to nfp it surged another 30 pips. today looks similar. very similar.
Why does a 30 move constitute a "spike"? It's just above a normal move of 20 pips for EU.
Today, the move is not 40 pips... it's currently 3135 as I typed this. The Low is 3043... that's a 92 pip move off a typical ADR of 120.

None of this should be dependent on news... or news that retailers have access to.
Some may be able to explain where the buy orders are coming from... who knows... I don't know. But I picture this possible scenario.... Govt or Bank or Multinational just sold USD for EUR.... or Swapped YEN denominated in US Dollar Assets, for EUR so that they can buy something with those funds.
That's the limit of my fundie knowledge.... but surely you can't be serious in thinking that normal business transactions like this need to be newsworthy?!
A pip is only worth it if you know how much you risked to earn it
  • #786,388
  • Apr 11, 2013 6:57am Apr 11, 2013 6:57am
Quoting kuroro001
If you know what are you are doing, no stops if fine. Sometimes i don't as well, or very tiny one such as this morning (lost 5 pips on a short to get 7-8 times more on a long). I agree it's all about the MM....once you understand that you are fine Yes mate i'm curious about your MM pyramid you are talking about. I'll pm me you my email adress, cheers mate
I am humbled you think enough what I do to ask and will gladly send it to you later in the day. In the meantime many green pips to you and everyone here regardless of the trading style. We all have one thing in common... prosperity regardless of the road taken.
Trade smaller than rational because the market is irrational...
  • #786,389
  • Apr 11, 2013 6:58am Apr 11, 2013 6:58am
Quoting Qatari man
not too much pips this week http://www.forexfactory.com/qatari*man

i wonder, what is your problem. no words prove useful for you.
  • #786,390
  • Apr 11, 2013 7:01am Apr 11, 2013 7:01am
http://www.bloomberg.com/news/2013-0...s-workers.html Possibly good for USD.
  • #786,391
  • Apr 11, 2013 7:02am Apr 11, 2013 7:02am
Ihave monthly resist on cable 5413 and looking for entry, anyone else keen to stand in front of bus
If you are new to Forex? Say Goodbye to your account!!
  • #786,392
  • Apr 11, 2013 7:03am Apr 11, 2013 7:03am
I just short EU.
Outcome is not important at all, but correct technique is what only matters
  • #786,393
  • Apr 11, 2013 7:04am Apr 11, 2013 7:04am
Quoting KiwiTrada
Ihave monthly resist on cable 5413 and looking for entry, anyone else keen to stand in front of bus
already in front of swissy bus may be a macro

edit backup plan double top @49 weekly r1 5453
Mohan
  • #786,394
  • Apr 11, 2013 7:05am Apr 11, 2013 7:05am
Quoting KiwiTrada
Ihave monthly resist on cable 5413 and looking for entry, anyone else keen to stand in front of bus
another currency I hate to trade.
  • #786,395
  • Apr 11, 2013 7:05am Apr 11, 2013 7:05am
Agreed you have to know what you are doing with this or any stragety. Getting in the markets has very little to do with MM but more on TA if indos are used.

Good MM will enable a trader to survive a LOT of bad entries to have Ms Market latter validate your positions at some point in time.

I hyper scalp using the 10M chart using the 5 & 15 SMA as my primary signal. For confirmation I use the RSI3 10M These are my "primers"

Then I look at the 30M HSR and fibs as to avoid buying at resistance or selling at support and to where the demand and supply zones are. Reference the Zig Zag line to tell what the trend is.

Finally I use the 1M chart to fine tune my entry.

Even with all of this I still have "danglers" MM keeps these under control until the market puts these in the money.

By running dual accounts (long & short in the same pair) one of these bias will be in the money or making a profit. This will do wonders for your mentality during a DD (draw down) on the other.

Also MM is weighted for more on the short side on the Euro because the LT trend is down (monthly chart)
Trade smaller than rational because the market is irrational...
  • #786,396
  • Apr 11, 2013 7:06am Apr 11, 2013 7:06am
Quoting szpowerx
I just short EU.

why? technically now it is an uptrend until 1.3108 is broken again on the downside
  • #786,397
  • Apr 11, 2013 7:08am Apr 11, 2013 7:08am
A lot of resistance here and more at 50s and much more at 60s. so I think is good place to short on this levels if 70s is not taken.
Quoting forex4india1
why? technically now it is an uptrend until 1.3108 is broken again on the downside
  • #786,398
  • Apr 11, 2013 7:08am Apr 11, 2013 7:08am
Quoting forex4india1
why? technically now it is an uptrend until 1.3108 is broken again on the downside
reasons:

- RES level, both in 10Min/Daily/1 HR
- Good SL contol (not too much)
- Big trend down
Outcome is not important at all, but correct technique is what only matters
  • #786,399
  • Apr 11, 2013 7:10am Apr 11, 2013 7:10am
Quoting KiwiTrada
Ihave monthly resist on cable 5413 and looking for entry, anyone else keen to stand in front of bus

If it go a bit higher, i would consider to short. Better above 55
Outcome is not important at all, but correct technique is what only matters
  • #786,400
  • Apr 11, 2013 7:10am Apr 11, 2013 7:10am
Quoting KiwiTrada
Ihave monthly resist on cable 5413 and looking for entry, anyone else keen to stand in front of bus
Hey bro

1,5525 on mine but this is serious buy for this year, prolly the biggest so, BTFD is the name of the game here imo.
take care
swing it!
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