- #790,862
- Apr 23, 2013 9:50am Apr 23, 2013 9:50am
- | Joined Nov 2011 | Status: attitude is everything.. | 1,492 Posts
Patience is a virtue...
- #790,863
- Apr 23, 2013 10:01am Apr 23, 2013 10:01am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} geppy is ready cable is very close
do or die
If you are new to Forex? Say Goodbye to your account!!
- #790,864
- Apr 23, 2013 10:02am Apr 23, 2013 10:02am
- | Joined Nov 2011 | Status: attitude is everything.. | 1,492 Posts
Patience is a virtue...
- #790,865
- Apr 23, 2013 10:03am Apr 23, 2013 10:03am
- | Membership Revoked | Joined Feb 2013 | 1,307 Posts
"You're solid gold, see you in hell"
- #790,867
- Apr 23, 2013 10:09am Apr 23, 2013 10:09am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
{quote} cable fence @ 5290 geppy fence @ 152 01 -05
looking for investors . pm me
- #790,870
- Apr 23, 2013 10:30am Apr 23, 2013 10:30am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #790,871
- Apr 23, 2013 10:31am Apr 23, 2013 10:31am
UPTREND SETUP CONDITIONS
For this chart I use MA 40 day open
3 day MA High/Low
The Theory is this should ammend my first stratagy. Where I used the 9 and 18 day MA and the point where they both turned up is my first entry at long as seen below
Then after the trend started this setup should supply a good re entry point after I scaled out with a 3 day trailing SL for TP for the long should the trend remain Bullish.
The setup conditions is :
* 40 DMA must be greater than 5 days ago - Check
* LL of the lats 10 days is higher than the LL of the last 35 days - Check
* 3 DMA turned down any time in tha last 5 days - Check
* HH of the last 3 days must be less than the HH of the last 10 days : Check
This all confirms a new entry point for the same Long trend catched by the first method
Entry is on the open and has a 100 pip stop loss
The first TP is calculated buy taking the range of the last 5 days including setup day devide it by 5 and add it to your open rate thats your first TP after that is in the bag you follow with a 3 day trailing SL
Now I know this is GBP but EUR/USD and GBP/USD usualy move together and I belive EUR/GBP will mach these setup conditios within the next week.
http://www.forexfactory.com/attachme...1&d=1366728639
For this chart I use MA 40 day open
3 day MA High/Low
The Theory is this should ammend my first stratagy. Where I used the 9 and 18 day MA and the point where they both turned up is my first entry at long as seen below
Then after the trend started this setup should supply a good re entry point after I scaled out with a 3 day trailing SL for TP for the long should the trend remain Bullish.
The setup conditions is :
* 40 DMA must be greater than 5 days ago - Check
* LL of the lats 10 days is higher than the LL of the last 35 days - Check
* 3 DMA turned down any time in tha last 5 days - Check
* HH of the last 3 days must be less than the HH of the last 10 days : Check
This all confirms a new entry point for the same Long trend catched by the first method
Entry is on the open and has a 100 pip stop loss
The first TP is calculated buy taking the range of the last 5 days including setup day devide it by 5 and add it to your open rate thats your first TP after that is in the bag you follow with a 3 day trailing SL
Now I know this is GBP but EUR/USD and GBP/USD usualy move together and I belive EUR/GBP will mach these setup conditios within the next week.
http://www.forexfactory.com/attachme...1&d=1366728639
- #790,872
- Apr 23, 2013 10:32am Apr 23, 2013 10:32am
- | Membership Revoked | Joined Feb 2013 | 1,307 Posts
"You're solid gold, see you in hell"
- #790,873
- Apr 23, 2013 10:38am Apr 23, 2013 10:38am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!
- #790,874
- Apr 23, 2013 10:42am Apr 23, 2013 10:42am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
looking for investors . pm me
- #790,875
- Apr 23, 2013 10:47am Apr 23, 2013 10:47am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
EURO-DOLLAR: Fundamental levels (orders, options, technicals) $1.3150/55 Medium offers; $1.3156 100-dma $1.3130 Medium offers/Friday Apr19 high/Stops $1.3117 Monday Apr22 high $1.3100 Minor offers $1.3084 Int.Day high Europe, Asia $1.3068 $1.3050 Medium offers on approach $1.3025/30 Medium offers $1.3023 Reco very high off $1.2973 $1.3019 ***Current mkt rate 1354GMT Tuesday $1.2988 Tech 40-dma (CTA's like this dma) $1.2970 Medium demand/Large stops on break $1.2962 Tech Apr8 low $1.2950/40 Medium demand/Stops/ $1.2938 200-dma $1.2920 Medium demand...
- #790,878
- Apr 23, 2013 10:48am Apr 23, 2013 10:48am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #790,879
- Apr 23, 2013 10:50am Apr 23, 2013 10:50am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #790,880
- Apr 23, 2013 10:51am Apr 23, 2013 10:51am
- | Membership Revoked | Joined Feb 2013 | 1,307 Posts
{quote}
Offers expected at 129.80 ahead of the day's high at 129.83 with further strong offers at 130.00.
Support at 129.00 5 dma and demand at 128.65 and 128.35
Now go back to the cool kids thread. go go
"You're solid gold, see you in hell"