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EURUSD

  • #865,121
  • Dec 20, 2013 3:23am Dec 20, 2013 3:23am
Good Morning!
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY

http://www.forexfactory.com/showthre...76#post7168176
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #865,122
  • Dec 20, 2013 3:23am Dec 20, 2013 3:23am
Quoting horuxito
{quote} I take my hat off to your polite response. Btw, very interesting approach, do you explain more about it in your journal?

Technique has very strong advantage.
1.No Hard SL
2.Not worried about daily spikes
3.Not concern about SL being hit while price is moving in your direction.
4.If PA is showing you are wrong then your loss is only 1/4 lot instead of full since remember we don't enter full lots all at once.
This is not new either and nothing in trading is new.Jesse Livermore used to "test" the market by sending small pilot orders before going all full force.
5.What others think its a "loss" you think great better price to enter rest of the lots!
Regards
In trading, you have to be defensive and aggressive at the same time
  • #865,123
  • Dec 20, 2013 3:23am Dec 20, 2013 3:23am
FX RAT BACK AND REPORTING FOR DUTY

Looks a little more interesting now EURUSD
I took a cheeky FTSE long and made some
pips out of that now.

As for Euro the rot seems to have stopped.
Now that does not mean to say RAT is going
to get long h right now. I will be waiting to
see if this pull back on the 15 min survives.
So far London have only brought this up!
rat
  • #865,124
  • Dec 20, 2013 3:23am Dec 20, 2013 3:23am
Quoting kuroro001
{quote} The best thing you could do to help your trading is open a naked chart, and keep looking at it until you understand moves I doubt a book about trading will help anyone, otherwise the whole world would be rich.
You doubted wrong ... Books about trading are excellent tools for authors & publishers to get rich!
"It's the Margin, Stupid."
  • #865,125
  • Dec 20, 2013 3:24am Dec 20, 2013 3:24am
Today might be the last day with some price action. then i expect hun range till new year
MMMYYYKKK
  • #865,126
  • Dec 20, 2013 3:24am Dec 20, 2013 3:24am
Quoting Thaer
short 2 lot @3635 TP@3590 SL@3645
Seems like your SL is holding.. my target is 3590 too
Online Prop Firms are not the solution
  • #865,127
  • Dec 20, 2013 3:24am Dec 20, 2013 3:24am
Quoting kuroro001
{quote} The best thing you could do to help your trading is open a naked chart, and keep looking at it until you understand moves I doubt a book about trading will help anyone, otherwise the whole world would be rich.

Thanks for the advice. I agree about naked charts, that's the way I like to use them.
Best time to plant a tree was 20 years ago, second best is now
  • #865,128
  • Dec 20, 2013 3:24am Dec 20, 2013 3:24am
Quoting Davit
{quote} Yes and No I set aside a budget say 2lots intended to short Euro I break it 4-6 mini lots and average in the price.On casual observation it sure looks like adding to losing position however intend was averaging in 2lots all along. Once all lots are invested then I don't add anymore hence I don't have any shorts above 37. I hope this clarifies difference of adding to losing position and averaging in at different price levels to get overall better average price.Its a common technique specially in stocks.You might be asking where is my SL.My...

in my world is the same thing.. but thanks anyway..

gl with your trades
Patience is a virtue...
  • #865,129
  • Dec 20, 2013 3:24am Dec 20, 2013 3:24am
Quoting hadox
{quote} nice trades.. now I understand your 500-pip-is-a-walk-in-the-park saying .. lol.. how and when do you scale in if I may ask?
LOl only when catching a trend

And when have buffers from previous longs from 96.xx and risking it on the break out of 99.50
  • #865,130
  • Dec 20, 2013 3:26am Dec 20, 2013 3:26am
Quoting Davit
{quote} Technique has very strong advantage. 1.No Hard SL 2.Not worried about daily spikes 3.Not concern about SL being hit while price is moving in your direction. 4.If PA is showing you are wrong then your loss is only 1/4 lot instead of full since remember we don't enter full lots all at once. This is not new either and nothing in trading is new.Jesse Livermore used to "test" the market by sending small pilot orders before going all full force. 5.What others think its a "loss" you think great better price to enter rest of the lots! Regards
Excellent, thanks!
Best time to plant a tree was 20 years ago, second best is now
  • #865,131
  • Dec 20, 2013 3:26am Dec 20, 2013 3:26am
Quoting Davit
{quote} Why would you be so sure about longs that you would add more to losing position.ECB already made known they want Lower Euro and market is just looking excuse or "reason " to short hence tiny 10b Taper did the trick coupled with new year and US dollar showing signs of rebound I don't see the rational. Holding my shorts all the way to 35 and GU shorts as well
How do you know everyone here doesn't know how to trade /manage risk and that makes you the most knowledgeable guru around here
  • #865,132
  • Dec 20, 2013 3:29am Dec 20, 2013 3:29am
Quoting Ken A
{quote} LOl only when catching a trend And when have buffers from previous longs from 96.xx and risking it on the break out of 99.50
very nice..

ahh I see, so you start like a pyramid ?
Patience is a virtue...
  • #865,133
  • Dec 20, 2013 3:31am Dec 20, 2013 3:31am
Quoting Vachus
{quote} You doubted wrong ... Books about trading are excellent tools for authors & publishers to get rich!
Haha yes for sure
COT: The precious data ignored
  • #865,134
  • Dec 20, 2013 3:31am Dec 20, 2013 3:31am
Quoting hadox
{quote} very nice.. ahh I see, so you start like a pyramid ?
I don't understand what pyramid system is. I scale in when previous positions are risk free + conviction of the trend + semi nocturnal following 3 sessions
  • #865,135
  • Dec 20, 2013 3:33am Dec 20, 2013 3:33am
Quoting Ken A
{quote} How do you know everyone here doesn't know how to trade /manage risk and that makes you the most knowledgeable guru around here

I never assumed I am guru.In fact furthest from that.
You asked me few questions before about the CAd correlation and I voiced my opinion and I assumed that was proper response since you asked a question and wanted to know my thought process but your posts were more along the lines "never mind I asked" which to me was somewhat rude since I took the time to respond.
From what I gathered from your response is you want to hear what you want to hear which negates the point of asking a question to begin with.
In trading, you have to be defensive and aggressive at the same time
  • #865,136
  • Dec 20, 2013 3:34am Dec 20, 2013 3:34am
i think we will see break of 3624 soon...
Online Prop Firms are not the solution
  • #865,137
  • Dec 20, 2013 3:34am Dec 20, 2013 3:34am
Quoting Ken A
{quote} I don't understand what pyramid system is. I scale in when previous positions are risk free + conviction of the trend + semi nocturnal following 3 sessions
just the size of your positions.. do you start with the biggest lot from the bottom or do you start with small lots and keep adding the same size.. I understand your logic about being risk free before adding, I was just curious about how you started the postion..
Patience is a virtue...
  • #865,138
  • Dec 20, 2013 3:38am Dec 20, 2013 3:38am
RAT is armed and waiting here
too go Long. Londres are having none
of this shorting business by the looks
of things.
rat
  • #865,139
  • Dec 20, 2013 3:39am Dec 20, 2013 3:39am
I think we can say goodbye to 1,38xx or more for the next months. S&P just cut the rate of Eu to AA+.
Per aspera ad astra
  • #865,140
  • Dec 20, 2013 3:39am Dec 20, 2013 3:39am
There is a little Channel on Daily- A clean break here will help the bears big time!! but it could also bounce a bit from here, most of the big boys must have covered some of their winnings - 150 pips
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
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