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EURUSD

  • #876,101
  • Feb 11, 2014 2:18pm Feb 11, 2014 2:18pm
...shit, longs under water again ! -)

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  • #876,102
  • Feb 11, 2014 2:19pm Feb 11, 2014 2:19pm
Quoting HCGroup
{quote} haha, i think similar you. But it should reach at least 0.8350 (78.6 Fibo level) let's see what PA tells us. more higher, better short position. I wish it reaches 0.84 level, but if not maybe jumping in bear's train if PA shows weakening. What's your advice? Regards
My motto is Better miss a trade then be early.
I set my limit at 84 and forget about it.
Same way I got Long U/CHF at 89 waiting.
To me if I get a nice position I can add to it hence quickly turn into bigger profits.It only takes few in a month to hit my profit target of 6% and If I get lucky to exceed that like I did last month 20% then so much the better since now I can roll over extra money for months that may not be stellar.
My goal is to reach 100k in 3years.
In trading, you have to be defensive and aggressive at the same time
  • #876,103
  • Feb 11, 2014 2:24pm Feb 11, 2014 2:24pm
Quoting eurusd_trade
{quote} Stocks are still going, there's no end in sight, not until they hit enough stops and so far there are NO stops in the S&P, just grind. Kind of scary actually. But I mean this kind of price action is broadening top'ish which is probbaly bad for risk eventually. Stops however usually determine the end of swings and so far there are none. What this tells you is that there's probably going to be yet another spike higher in risk on Yellen no matter what happens which then may or may not be fadable. AUDUSD will probably NOT be fadable. EU and...
So the conclusion at the end of the day, not too much surprise:
grind grind and more grind in the S&P, with all that "space" in the market, there weren't any intraday stops or even resistance to be found in a very large range so the market makers just kept pushing
EU/GU did come off highs after yellen, AU still at highs
  • #876,104
  • Feb 11, 2014 2:25pm Feb 11, 2014 2:25pm
Quoting Davit
{quote} My motto is Better miss a trade then be early. I set my limit at 84 and forget about it. Same way I got Long U/CHF at 89 waiting. To me if I get a nice position I can add to it hence quickly turn into bigger profits.It only takes few in a month to hit my profit target of 6% and If I get lucky to exceed that like I did last month 20% then so much the better since now I can roll over extra money for months that may not be stellar. My goal is to reach 100k in 3years.
Good job mate,
Yes you're correct "Better miss a trade then be early"

i always follow your posts, you'll reach your goal, keep up the good work
  • #876,105
  • Feb 11, 2014 2:29pm Feb 11, 2014 2:29pm
E/U has everything fulfilled to come down for 180-200 pips or even more.

But something is not right with the top. It should have gone higher before.

I fear it will take til the end of week to find out where it is going.
  • #876,106
  • Feb 11, 2014 2:30pm Feb 11, 2014 2:30pm
Daily close below 1.3625 will be a good sell signal
and then 100 - 150 pips down again
  • #876,107
  • Feb 11, 2014 2:32pm Feb 11, 2014 2:32pm
11 hours to break of 3650
19 hours till we hit top
35 hours till we start falling from the top
Smoke em if u got em
Founder of Sutherland Wave Principle
  • #876,108
  • Feb 11, 2014 2:34pm Feb 11, 2014 2:34pm
Quoting eurusd_trade
{quote} So the conclusion at the end of the day, not too much surprise: grind grind and more grind in the S&P, with all that "space" in the market, there weren't any intraday stops or even resistance to be found in a very large range so the market makers just kept pushing EU/GU did come off highs after yellen, AU still at highs
I'm going to fade this 1817 in the S&P to go for 1800 again. It's the 76.4% fib retracement of the most recent downswing. Pretty sure the daily pivot needs a retest after this much unidirectionality and the chances look quite high for me. Going for a risk reward around 1:1
  • #876,109
  • Edited 2:51pm Feb 11, 2014 2:37pm | Edited 2:51pm
Quoting HCGroup
{quote} Good job mate, Yes you're correct "Better miss a trade then be early" i always follow your posts, you'll reach your goal, keep up the good work
If I may suggest
upload this template and watch for exhaustion points.
When price is inside 2/3rd deviation on BB good chance for reversal
RSI 8 30/70 as confirmation.Both criteria must be met.
Play with it.You'll find it profitable.Daily only
Notice on NU price still has room to go up.

Another tip.ADR for NU is last 20days 70 so you know how much room it has to travel on daily basses.This keeps your expectation in line how pairs travel.
Lets see if it shoot up 70 pips up then you know it exceeded daily ADR hence prime opportunity for short and combine with BB and RSI8 you a got logical system.

Principle beyond BB system is based upon the concept that price gravitates back to 20 MA and when it stretches to extreme like 2nd and 3rd deviation then price "wants" to go back to "base" 20MA
This system ideally is best on pairs that range a lot.Not very effective in strong trending pairs.I avoid those.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.daily.png Size: 41 KB
Attached File(s)
File Type: tpl bbbase.tpl   12 KB | 309 downloads
In trading, you have to be defensive and aggressive at the same time
  • #876,110
  • Feb 11, 2014 2:41pm Feb 11, 2014 2:41pm
Quoting Miguel.N
...crazy forex, watch out ! {image}
  • #876,111
  • Feb 11, 2014 3:11pm Feb 11, 2014 3:11pm
Quoting Davit
{quote} If I may suggest upload this template and watch for exhaustion points. When price is inside 2/3rd deviation on BB good chance for reversal RSI 8 30/70 as confirmation.Both criteria must be met. Play with it.You'll find it profitable.Daily only Notice on NU price still has room to go up. Another tip.ADR for NU is last 20days 70 so you know how much room it has to travel on daily basses.This keeps your expectation in line how pairs travel. Lets see if it shoot up 70 pips up then you know it exceeded daily ADR hence prime opportunity for short...
Wow, looks great.
Let me download and load it, try to understand it and then i'll come back to you soon.
I'll never forgot your kindness.
  • #876,112
  • Feb 11, 2014 3:26pm Feb 11, 2014 3:26pm
Quoting Davit
{quote} If I may suggest upload this template and watch for exhaustion points. When price is inside 2/3rd deviation on BB good chance for reversal RSI 8 30/70 as confirmation.Both criteria must be met. Play with it.You'll find it profitable.Daily only Notice on NU price still has room to go up. Another tip.ADR for NU is last 20days 70 so you know how much room it has to travel on daily basses.This keeps your expectation in line how pairs travel. Lets see if it shoot up 70 pips up then you know it exceeded daily ADR hence prime opportunity for short...

What a guy- Just to ask - is the way you trade and if so do you use any other filters? I trade in a very similar manner and I think the simplicity of this sys is somtimes over looked.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #876,113
  • Feb 11, 2014 3:29pm Feb 11, 2014 3:29pm
GBP/JPY and USD/JPY both right on the cusp of another leg up (D)
  • #876,114
  • Feb 11, 2014 3:39pm Feb 11, 2014 3:39pm
...forex market can be an illusion ! .....wahahaha -)
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  • #876,115
  • Feb 11, 2014 3:46pm Feb 11, 2014 3:46pm
Quoting airafx
{quote}
nice 1, tx!
  • #876,116
  • Feb 11, 2014 4:00pm Feb 11, 2014 4:00pm
@ Davit,

regarding to your own daily template I ask myself what makes you so sure that E/U will come down as it does not fulfill your own criteria. Just curious.
  • #876,117
  • Feb 11, 2014 4:05pm Feb 11, 2014 4:05pm
...this is a nice car !
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  • #876,118
  • Feb 11, 2014 4:18pm Feb 11, 2014 4:18pm
Seems like everybody here is expecting the move South.
Makes me thinking it will go North.
  • #876,119
  • Feb 11, 2014 4:19pm Feb 11, 2014 4:19pm
Thanks a lot dear Davit for sharing this system with me and other mates. Seems great and interesting.
As you mentioned, we should use it only in daily tf?
And cause you have more experience with this system, could you please tell me in which pairs it works better?

Regards
  • #876,120
  • Feb 11, 2014 4:22pm Feb 11, 2014 4:22pm
Quoting Miguel.N
...shit, longs under water again ! -) {image}
They sure are tricky!
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