all aboard the eu express
pm1
pm1
- #17,342
- Aug 27, 2013 1:16am Aug 27, 2013 1:16am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,343
- Aug 27, 2013 1:35am Aug 27, 2013 1:35am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,345
- Aug 27, 2013 1:39am Aug 27, 2013 1:39am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
There's the divergence that Rags2RichesFX spoke of earlier.......but it shouldn't be traded on it's own...especially an M5 divergence. For our purposes, it adds fuel to the fire, so to speak! {image}
1.4938
for some reason man... 50 and 00 always seem to be strong resistance, especially when coupled with divergences
Be hopeful in a winning position, and fearful in a losing position.
- #17,346
- Aug 27, 2013 1:42am Aug 27, 2013 1:42am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} i actually am short euraud from those levels
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,347
- Aug 27, 2013 1:56am Aug 27, 2013 1:56am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
{quote} Oh ok...I couldn't tell whether the trade line was a buy or a sell, and I assumed it was a buy because you said it was counter trend.
here is a one of my standard charts..
Be hopeful in a winning position, and fearful in a losing position.
- #17,349
- Aug 27, 2013 2:01am Aug 27, 2013 2:01am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} that was for audusd long ,not euraud short (which is countertrend as well, but showed divergence on big TF)
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,350
- Aug 27, 2013 2:17am Aug 27, 2013 2:17am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} that was for audusd long ,not euraud short (which is countertrend as well, but showed divergence on big TF) here is a one of my standard charts.. {image}
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,351
- Aug 27, 2013 2:18am Aug 27, 2013 2:18am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Pick me.....................+25 trailing stop.............
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} EU has been so dormant lately that it has been placed on the 'backburner' for me.....good that you're taking some pips from it though
PM1
- #17,353
- Aug 27, 2013 2:39am Aug 27, 2013 2:39am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} It was a nice trade just before dinner for me.........made dinner that much tastier. LOL.
I had fish....or fush....depending on what school you went to
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} LOL...so it wasn't left over butter chicken then?!?! I had fish....or fush....depending on what school you went to
So you had fush...........what about the chups??
- #17,355
- Aug 27, 2013 2:45am Aug 27, 2013 2:45am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} No tonight was sausage and sweet potato slow cooker (8 hrs to cook) with mash spuds. So you had fush...........what about the chups??
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,356
- Aug 27, 2013 2:58am Aug 27, 2013 2:58am
Ok, here is the 515 PDF. It's not anything that you don't already know, but it might be interesting to some. For me.....this is the best way to trade because it means that when we are presented with a decent move, we should be able to gain maximum pips from it. I have touched on scaling in further entries on the same move, but this is a subject that needs it's own PDF because the subject is quite a lot to go through if we are to scale in safely. I'll start putting that document together soon
Thanks for sharing your results RJ, all good stuff to know. It will be interesting to see how well this method works from September onwards.
Just had one question. When using the 5 15 method at what point do are you moving your SL to BE? Is it any different from when you managed the trade on M5?
Thanks
Trekker
- #17,357
- Aug 27, 2013 3:04am Aug 27, 2013 3:04am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Thanks for sharing your results RJ, all good stuff to know. It will be interesting to see how well this method works from September onwards. Just had one question. When using the 5 15 method at what point do are you moving your SL to BE? Is it any different from when you managed the trade on M5? Thanks Trekker
Doing what you like is Freedom. Liking what you do is Happiness.
- #17,359
- Aug 27, 2013 3:09am Aug 27, 2013 3:09am
{quote} Moving the SL to BE is just the same. The point of the M15 is to keep me in the trade by not get shaken out by a false counter move. Essentially the trade is entered on M5 as per normal, and once the trade is protected by the SL @ BE, then I watch the m5 and M15 charts side-by-side. If I see the price trying to pullback, I focus only on the M15 chart....I minimise the M5 chart sometimes to stop myself being influenced by it. When (and if) the move resumes, I go back to watching both charts
OK. Thanks RJ.
- #17,360
- Aug 27, 2013 3:12am Aug 27, 2013 3:12am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.