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  • #818,821
  • Jul 29, 2013 6:22pm Jul 29, 2013 6:22pm
Quoting navk
Hi Gator, Attila, Hatch and all experienced traders, I have a problem in choosing the currency or commodity to trade. How you choose ? When I enter long eurusd, i see that gbpusd long is better then eurusd. Or audusd short is better than eurusd short at times when usd is stronger. Which tool you use to know which pair to trade ? As you know, when usd is weaker all currencies against usd go stronger but some moves fast and others slow......
hey, euro is a piece of shits, but its cheap

aussie is best trending pr of all to trade, find your majority trends in all tf,s and then decide which tf you going to base, then go lower tfs for entries targets sl etc

if that is little confusing maybe find the trend for all tf,s if the majority is up, bro trend is up, then decide which tf you gong to trade, trend should be up, then go lower tf,s and find one where trend is down and look for signs of bull or bear weakness there is entry (possible entry) for buy dips in a bigger uptrend,

This is simple form, must consider as much other information as possible S/R especially and candle patterns, ie if looking for bull or bear weakness the bigger up trend, generally a pattern will start to build to support you entry, don't be hasty and wait for good signs if don't get them then is no entry, if you get bad entry is your fault, but bigger trend could save your butt or sl will protect your account :nerd: forget indicators :nerd:use PA
If you are new to Forex? Say Goodbye to your account!!
  • #818,822
  • Jul 29, 2013 6:32pm Jul 29, 2013 6:32pm
Gator, Kiwi,

Thanks for your inputs.

I understand Gator what you said. Yes, by seeing euraud I can decide aud or eur is stronger, same way by looking at eurgbp I will know which one is stronger, then I can choose to long eurusd or audusd. Same way eurusd or gbpusd.

Kiwi, I have no issues to find the trend but I have issues to asses the strength of trend. In fact I look at hourly, 30min, 15 min trend and trade on 5 min as you say. Thanks to both of you for honest opinion.

Also I use ATR levels as guideline for entry/exit
Intraday only.
  • #818,823
  • Jul 29, 2013 6:42pm Jul 29, 2013 6:42pm
Quoting gatorinla
{quote} we are talking about something different. not just a open and close at the same level, like a doji. not always a doji.


High wave candle?
it is highly likely that i'm wrong... so dont follow me!
  • #818,824
  • Jul 29, 2013 7:02pm Jul 29, 2013 7:02pm
Quoting flam
{quote} High wave candle?

the original had a few minutes before it closed. it didn't close as decisive as when i posted. yes a high wave candle, good for a wtf screwing.
those who can, do. those who cant, talk about those who can
  • #818,825
  • Jul 29, 2013 7:02pm Jul 29, 2013 7:02pm
Quoting navk
Gator, Kiwi, Thanks for your inputs. I understand Gator what you said. Yes, by seeing euraud I can decide aud or eur is stronger, same way by looking at eurgbp I will know which one is stronger, then I can choose to long eurusd or audusd. Same way eurusd or gbpusd. Kiwi, I have no issues to find the trend but I have issues to asses the strength of trend. In fact I look at hourly, 30min, 15 min trend and trade on 5 min as you say. Thanks to both of you for honest opinion. Also I use ATR levels as guideline for entry/exit

oops nope, I was probably not much help cause they are too low a tf,s , method will still work, but higher tf,s I was mening weekly monthly & trading 10hr or daily hr and hunting for signs 1hr or 4hr, I think under them is too noisy

But method should still work remembering monthly levels hardly change weekly little more but generally monthly weekly and daily levels should be considered no matter what tf is being traded

With aussie for instance, her retracing is like hens teeth, she either truck north or south, north is better re swap, especially if holding, south is still ok just have to consider off set swap, and hunting best medium to long term entry, them micromanage

Right now higher say south, but if you look at daily, the reluctance to retrace is playing out right now, with ranging sideways, since Jan 20th, and could be putting in a decent bottom pattern, considering its taken over 1/2 a year to build the outcome should be quite big, while her in this zone is good for trading the range and waiting
Attached Image (click to enlarge)
Click to Enlarge Name: aussie daily.png Size: 2.3 MB
If you are new to Forex? Say Goodbye to your account!!
  • #818,826
  • Jul 29, 2013 7:07pm Jul 29, 2013 7:07pm
Quoting KiwiTrada
{quote} oops nope, I was probably not much help cause they are too low a tf,s , method will still work, but higher tf,s I was mening weekly monthly & trading 10hr or daily hr and hunting for signs 1hr or 4hr, I think under them is too noisy But method should still work remembering monthly levels hardly change weekly little more but generally monthly weekly and daily levels should be considered no matter what tf is being traded With aussie for instance, her retracing is like hens teeth, she either truck north or south, north is better re swap, especially...
fukit in my rush post wrong screen this is chart au daily
Attached Image (click to enlarge)
Click to Enlarge Name: aussie daily - Copy.png Size: 34 KB
If you are new to Forex? Say Goodbye to your account!!
  • #818,827
  • Jul 29, 2013 7:10pm Jul 29, 2013 7:10pm
Quoting KiwiTrada
{quote} fukit in my rush post wrong screen this is chart au daily {image}

and yen is started little pump bbl
If you are new to Forex? Say Goodbye to your account!!
  • #818,828
  • Jul 29, 2013 8:10pm Jul 29, 2013 8:10pm
watching aussie reaction in 20 minutes.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #818,829
  • Edited 8:27pm Jul 29, 2013 8:15pm | Edited 8:27pm
Quoting KiwiTrada
{quote} and yen is started little pump bbl
did monster waken up or doing sleeping walking ?

20 not taken & Nikki resistant also holding (13700/750 on my broker chart)
Mohan
  • #818,830
  • Jul 29, 2013 8:32pm Jul 29, 2013 8:32pm
S AU .9198, giving 10. Good night.
Quant Hedge Fund CEO
  • #818,831
  • Jul 29, 2013 8:41pm Jul 29, 2013 8:41pm
Quoting FXMastermind
S AU .9198, giving 10. Good night.
Funny story of the night?

I was in this exact trade....girlfriend jumps on me and somehow out of God's blue heaven hits the close trade and -thankfully- just costs me the spread...but the potential profit was cost as well.

She got a proper yelling
  • #818,832
  • Jul 29, 2013 8:48pm Jul 29, 2013 8:48pm
Quoting Mr Hatch
{quote} 3294 && 3289.
closed at 3258.3.

gotta work something out with that awesome post that was provided earlier... probably grow 4 more eyes for now.

bbl.
  • #818,833
  • Jul 29, 2013 9:36pm Jul 29, 2013 9:36pm
Attached Image
  • #818,834
  • Jul 29, 2013 9:44pm Jul 29, 2013 9:44pm
Quoting 2+2=4ex
{image}

does it mater
Attached Image
Mohan
  • #818,835
  • Jul 29, 2013 9:46pm Jul 29, 2013 9:46pm
A lot are waiting to short. I do too.. This one's going to be good.. However (yep, there it is..), I will be looking to buy into 3350 and possibly 3400 while trimming my shorts.. I know there's a lot going on this week.. Not sure what to think about that, so my next best option is my chart.. GL all.
  • #818,836
  • Jul 29, 2013 9:58pm Jul 29, 2013 9:58pm
Quoting mohan76
{quote} does it mater {image}
yes matters. retail traders most have wrong sentiment of the market. when retails go extreme, you know what to do.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #818,837
  • Jul 29, 2013 9:59pm Jul 29, 2013 9:59pm
Quoting ffleo
{quote} yes matters. retail traders most have wrong sentiment of the market. when retails go extreme, you know what to do.
but it is not extreme yet.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #818,838
  • Jul 29, 2013 10:00pm Jul 29, 2013 10:00pm
Quoting KiwiTrada
{quote} and yen is started little pump bbl

waiting to see the aud 9127/44 reaction. atm low 9152, atm 9160
those who can, do. those who cant, talk about those who can
  • #818,839
  • Jul 29, 2013 10:05pm Jul 29, 2013 10:05pm
Quoting gatorinla
{quote} waiting to see the aud 9127/44 reaction. atm low 9152, atm 9160

blew past on steroids. 9110 is the norm for 9558, void at 8996
those who can, do. those who cant, talk about those who can
  • #818,840
  • Jul 29, 2013 10:09pm Jul 29, 2013 10:09pm
Quoting gatorinla
{quote} blew past on steroids.
i often wonder if australian banks are involved in such kind of big spikes or not.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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