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  • #1,661
  • Apr 3, 2014 2:22am Apr 3, 2014 2:22am
how many pairs do you guys trade? Same pairs every day? Or do you use a strength meter or something similar to decide on what to focus on. I currently trade 12 pairs on 4 screens. I sometimes think I should cut back to 8 or maybe even 4. One good thing about it is that it forces me to act or not act very quickly.
  • #1,662
  • Apr 3, 2014 2:27am Apr 3, 2014 2:27am
Quoting panamamike
how many pairs do you guys trade? Same pairs every day? Or do you use a strength meter or something similar to decide on what to focus on. I currently trade 12 pairs on 4 screens. I sometimes think I should cut back to 8 or maybe even 4. One good thing about it is that it forces me to act or not act very quickly.
I just trade 2.EJ and GU

4 different currencies to back in those pairs and Im happy at that.Both have European open sides to them so should see a move in the FO and LO trade hour

Rooi

We miss 100% of the shots we don't take
  • #1,663
  • Apr 3, 2014 2:38am Apr 3, 2014 2:38am
Quoting Jeffray
I got bitten by my first one on EA for today. I tried to trade in line with the bullish rainbow and the positive CCI... {image} -10 so far
Hi Jeffray

Try put big bold LWMA 40 on top of your rainbow. And put 21 for Entry CCI at Doublewoody indi. Hope it will helps ya.

Best trading to u.

~profi~
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #1,664
  • Apr 3, 2014 2:43am Apr 3, 2014 2:43am
Quoting Rooi
{quote} I just trade 2.EJ and GU 4 different currencies to back in those pairs and Im happy at that.Both have European open sides to them so should see a move in the FO and LO trade hour Rooi
I understand. I do this full time. I try to trade the strongest vs the weakest. So farG /N has been the best tonight. At most I try to only have have two trades on at a time. This is a recent change for me. Will give it a month, then may need a vacation . I use to only trade two pairs GY and EA .
  • #1,665
  • Apr 3, 2014 2:44am Apr 3, 2014 2:44am
Quoting panamamike
how many pairs do you guys trade? Same pairs every day? Or do you use a strength meter or something similar to decide on what to focus on. I currently trade 12 pairs on 4 screens. I sometimes think I should cut back to 8 or maybe even 4. One good thing about it is that it forces me to act or not act very quickly.
If you are monitoring 12 contracts, many of these will be crosses and thus have similar movements to their base pairs.

As this thread is mainly about the European Session, the main base pairs are EurUsd, GbpUsd, UsdChf, UsdJpy and possibly AudUsd and their assosciated crosses - EurJpy, GbpJpy EurAud etc - these are the most active majors during this session.

Like Rooi, I restrict my trading mainly to GbpUsd and EurJpy and for some excitement, occasionally UsdTry...
Trading Levels with WRBs
  • #1,666
  • Apr 3, 2014 2:52am Apr 3, 2014 2:52am
Quoting Rooi
- 1.8
+11.6 - 1.8 = 9.8

Just too good to pass up as it is my favorite trade setup with good R:R and small SL and 99% of the time I want or will take it

The PA formation will have many names but I learnt it as a failure to return pattern meaning it tested the High of the day and tried to test it again but could not even get back up to test it never mind break it so the path of least resistance it down

Rooi
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #1,667
  • Apr 3, 2014 2:52am Apr 3, 2014 2:52am
Quoting Islander
{quote} If you are monitoring 12 contracts, many of these will be crosses and thus have similar movements to their base pairs. As this thread is mainly about the European Session, the main base pairs are EurUsd, GbpUsd, UsdChf, UsdJpy and possibly AudUsd and their assosciated crosses - EurJpy, GbpJpy EurAud etc - these are the most active majors during this session. Like Rooi, I restrict my trading mainly to GbpUsd and EurJpy and for some excitement, occasionally UsdTry...
i do not trade chf, as very highly correlated to EUR. I have one screen for base pairs, EU and GU, one for yen and crosses, one for commodities vs USD. The other I use for any crosses that are moving strongly via a strength meter. It is amazing how many times the synthetic is moving the most.....I.e EN etc. When the arrow alert triggers, I look at the appropriate screen and if the signal is valid I fire away.
  • #1,668
  • Apr 3, 2014 2:59am Apr 3, 2014 2:59am
Quoting panamamike
{quote} I understand. I do this full time. I try to trade the strongest vs the weakest. So farG /N has been the best tonight. At most I try to only have have two trades on at a time. This is a recent change for me. Will give it a month, then may need a vacation . I use to only trade two pairs GY and EA .
I agree with you fully it is a very good way being thorough and working with the highest probability if that is how your mind eliminates your options and builds a good case for entry.I take my hat off to you for that but that is not my strong suite.I just play the technicals on the opens with some levels with good R:R and a decent accuracy level.
We miss 100% of the shots we don't take
  • #1,669
  • Apr 3, 2014 3:08am Apr 3, 2014 3:08am
Quoting panamamike
{quote} i do not trade chf, as very highly correlated to EUR. I have one screen for base pairs, EU and GU, one for yen and crosses, one for commodities vs USD. The other I use for any crosses that are moving strongly via a strength meter. It is amazing how many times the synthetic is moving the most.....I.e EN etc. When the arrow alert triggers, I look at the appropriate screen and if the signal is valid I fire away.

Great that you can make monitoring 12 contracts work - and obviously the pop-up arrow alerts must help a lot ......I think its above my pay grade....and agreed, the maths of a synthetic usually gives the larger move, which it usually needs to compensate for its spread....

Edit: if I remember correctly a programer called Gadi did some good work on a currency strength comparison indicator...
Trading Levels with WRBs
  • #1,670
  • Apr 3, 2014 3:16am Apr 3, 2014 3:16am
Quoting Islander
{quote} Great that you can make monitoring 12 contracts work - and obviously the pop-up arrow alerts must help a lot ......I think its above my pay grade....and agreed, the maths of a synthetic usually gives the larger move, which it usually needs to compensate for its spread.... Edit: if I remember correctly a programer called Gadi did some good work on a currency strength comparison indicator...

HAHAAHAHAHAH ......that is the exact currency meter I use. I have it on 4 time frames, 5 min, 15, 1 hr, 4 hr. Absolutely the alarms help. It is rare more than two go off at the same minute. The I benefit of many pairs, is if I. Have any doubt when I look at it, I don't take the trade. Another OPP is not to far away. Clean and mean.
  • #1,671
  • Apr 3, 2014 3:20am Apr 3, 2014 3:20am
OK.....done until after EUR rate and presser. A lot of news before hand, so I will wait for NY. Open. Good trading to all.
  • #1,672
  • Apr 3, 2014 6:14am Apr 3, 2014 6:14am
Scalped a quick 5,but off-course it could've been more. Just couldn't resist, knowing a lot of reds coming up:

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  • #1,673
  • Apr 3, 2014 8:00am Apr 3, 2014 8:00am
Quoting aahmad29
Demo Testing Hi i know that many traders get confused with my trades because trades are not totally depends on indicators. I am testing one trading system here in FF in trading Journals with my own settings. That system is designed or presented by Capstone with name "Cutting the cord with M1 scalps" in trading Journals. I will test this system and will post demo trading entries. Only EU pair , Time Frame = M15 Note: There is no SL initially. You have to add multiple positions. In the given screenshot i have taken Long position at 1.3761 There are...
First Demo test Results is very good. Trade achieved the target even during ECB event. TP hit at 1.3786. Later post the chart
Love for all; Hatred for none.
  • #1,674
  • Apr 3, 2014 10:29am Apr 3, 2014 10:29am
Quoting aahmad29
Demo Testing Hi i know that many traders get confused with my trades because trades are not totally depends on indicators. I am testing one trading system here in FF in trading Journals with my own settings. That system is designed or presented by Capstone with name "Cutting the cord with M1 scalps" in trading Journals. I will test this system and will post demo trading entries. Only EU pair , Time Frame = M15 Note: There is no SL initially. You have to add multiple positions. In the given screenshot i have taken Long position at 1.3761 There are...
First Demo test Results is very good. Trade achieved the target even during ECB event. TP hit at 1.3786.

TP1 = 15 PIPS ACHIEVED

TP2 = 1.3761 TO 1.3786 = 25 PIPS
Attached Image (click to enlarge)
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Love for all; Hatred for none.
  • #1,675
  • Apr 3, 2014 10:36am Apr 3, 2014 10:36am
My own trading. Two trades

+45 - 14 = +31 pips

total pips so far in this week = 103 pips
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Love for all; Hatred for none.
  • #1,676
  • Apr 3, 2014 10:41am Apr 3, 2014 10:41am
second demo testing signal

EU - M15

long at 1.3710

TP1=15 PIPS
TP2 = UPPER BAND
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 110 KB
Love for all; Hatred for none.
  • #1,677
  • Apr 3, 2014 2:34pm Apr 3, 2014 2:34pm
Quoting aahmad29
{quote} First Demo test Results is very good. Trade achieved the target even during ECB event. TP hit at 1.3786. TP1 = 15 PIPS ACHIEVED TP2 = 1.3761 TO 1.3786 = 25 PIPS {image}
I must be very stupid Aahmad, but for the life of me I can not see why you took that trade, and if that news spike did not happen (nobody could have predicted that), you would have lost 76 pips without a stop loss.

Please enlighten me
When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,678
  • Apr 3, 2014 3:26pm Apr 3, 2014 3:26pm
Quoting jsf
{quote} I must be very stupid Aahmad, but for the life of me I can not see why you took that trade, and if that news spike did not happen (nobody could have predicted that), you would have lost 76 pips without a stop loss. Please enlighten me
This is Demo testing. First priority is to find that if that system gives you valid signals up to 90%. I will post all signals on this forum and then traders can decide that how much should me SL.

For you, mostly i donot have SL on my actual trades.

Everyone has its own thinking. I think i am producing 100% results each day from last 7 weeks.
Love for all; Hatred for none.
  • #1,679
  • Apr 4, 2014 12:59am Apr 4, 2014 12:59am
Morning all

Not favoring anything yet.Waiting for the news

Rooi
We miss 100% of the shots we don't take
  • #1,680
  • Apr 4, 2014 1:10am Apr 4, 2014 1:10am
Quoting Rooi
Morning all Not favoring anything yet.Waiting for the news Rooi
Morning Rooi, I.m in EY again today, just taken tp1. strada.
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