EURUSD

Maybe, early Asia with thin liquitiy and a week already light on data - a pump to fill the gap orders, could prove worthy..

what with yen just enough movement to irritate me lol

Asia sold off weekly open.

Asia bought back up to weekly open.

Their books are balanced. There is no need for them to head back topside.

Not saying it can't happen, just don't see why they would bother bucking the chart.

One of the problems during discussions on FF here is time.

We saw a shrinking ADR during the last months.

So a PA development we saw in a single day in the past tends to build up a full week lately.

That makes it real hard for a retailer to stay in the game because he/she has to sleep and risks to run out of concentration.

The only solution for me was to look for signals on dailies so that I am not forced to sit in front of the screen many days and nights for a handful of dollars. That really makes no sense.

A further solution would be to work with a larger budget and be content with 3-5% p.w., and this I will try in the upcoming weeks. At the moment I am training this fixed %/p.w. thing only to be ready for the bigger thing -

Today I made my 1%. For a min. $40.000 account that would mean $400 win without a lot of risk. $2.000 p.w. would not be the worst way to live I assume.

Hello Candle

Yeah that is the problem

I made $513 yesterday but it so up an down

that its not regular income.

Some days more,others trapped in trades for weeks.

If it was easy we would all be super rich

I been trying to find EA that works,just on smaller trades.

Been trying a few on a smaller account,found the good days an bad days equal out as zero earnings

Hi elite,

I will try it with two accounts and with two leverages:

1. The first one will only use a 10pip per day strategy and a higher leverage with fixed S/L.

2. The second one will only "look" for signals on dailies (which I already found out to be profitable). I will trade this on a "signal to signal" basis only and will not look for a fixed pip income. Of course this one will have lower leverage because the S/L will be much higher, but the pips to be gained will be too. S/L will be 60-100 pips and gains up to 300-500 (sometimes only 100of course).

I test it on three small accounts already ( working good ) to look for faults within my systems/strategies to be ready before I can fill up the accounts with $40.000 each in 6-8 weeks.

Interesting thoughts thanks
Are you thinking the shit hits the fan in the autumn due to taper/the bastards keep the plates spinning a while longer/let the charts decide?
I think I need to do more tripping the M1s myself but I'm getting a bit old to be shagging any Poles despite the UK being full of them

@eliteincome & candlestar, are you still convinced by EU? pull up the DAX over the last week, compare and let me know what you think.....

Sorry, cannot pull the dax anywhere cause I never trade it or know anything about it. To be honest I trade E/U most of the time and I only use technicals in 90% of my trades or follow my signals (which I like most because if the trade is a loss "they" are responsible and not me - C´mon, it´s only a game).

Furthermore I am only convinced that I definitely should get richer, but not by E/U nor THE EU.

If you ask for direction: My D1 is showing down, which does not mean that we can not reach 1.3850-60 tomorrow, my D1 signal would still show down. That is the charme of a signal to signal system, if you get in early you only have to wait until you get the counter signal or you are stopped out at B/E or at a fixed S/L. There is really no need to think anymore!!! -

I demand much more "Signal to Signal" attempts and systems!!!

I don't do the fundies, really don't lay any value into them..it's all the PA.

As far as I am concerned, we don't really need to stop falling until a buck 5ive...but then I am also seeing a buck and a quarter for the USDCAD.

Not really much a matter of "IF", by my books, just a matter of when.

The M1s are great...I encourage everybody to shorten their outlook to these and learn the ideas of actual charting. The M1s are the same as all time frames, the only thing that changes are the actual range of play.

A lot of my ideas, I keep coded into happy little trading robots who churn a few bucks per month for me, and always keep eyes on when they trade to see if I am missing anything. In like a lamb, out like a lion and it only really takes a couple of triggers to the immediate trend to allow me to sit out a lot of the boring shit.

Meh..

When u say 1.5 I get a thrill up my leg......

EU Long to 1.3968 that is my guess. Just for the record

I think a lot you guys would make alot more and consistent money trading index futures like the Stoxx, Dax ect where you can actually see the institutional flows and the raw price action ok it can be full of algos during lunch and over the US sesh but when the flow comes in at the Supply/Demand zones its pretty obvious and gives you much greater "edge". Where when your looking at Eur/Usd cash you have no idea who's behind each level and you can't see the orders which just means your blind and unless someone has a big order in the Euro-fx future the future is just following the cash so it can get dragged around with no real flow. Then again its better then trading the cash where you see nothing and you have no idea if its a squeeze on low volume or its a committed move on volume. Unless you know what your looking for in the chart like the actually Supply and Demand zones where the buyers and sellers step in to change the trend and not some moving averages and MACD's ect then you don't really stand much of a chance over the long run. As most of the big and I mean big traders I know just look at there Ladders/Doms/Market Depth's and they just get on the back of the institutional order flow. They do use charts footprints and profile charts but its the Ladder that is the main key.
I would also say most big prop traders don't actually trade any technical's in the currency's on an intra-day basis its mainly just for hitting comments and news and the occasional algo that goes rogue giving out free money. As technical's usually don't stand well on an intra-day basis as you have so many international companies ect that need to change up there money and they don't care about your 5 minute EMA. Pretty much all prop traders concentrate in the equity and bond markets doing their every day bread and butter set up's. It's not to say you can't trade the currencies but if your going to do it do it longer term or get a squawk and hit news and that's where the edges are or if your good at spotting trapped traders in the charts. Also I'm not saying trading equity futures is easy otherwise everyone would be doing obviously... but you have more of chance and you can have greater conviction as you can see where the big guys are getting in and out and you just want to be following them and not some moving average as moving averages don't move the market...... Also don't get too bogged down in the fundamentals it will kill you on an intra-day basis if your trying to trade off global macro's on 5 minute chart it just doesn't work. As I bet with the ECB doing some sort of QE in the next year I bet hundreds if not thousands of retailers will get destroyed thinking the Euro has to weaken as its "QE" .... but people are going to want to invest in European assets so they have to buy euros so they can get into the relevant asset classes it will effect ie the bond markets, so its going to be a massive chop where a lot of people will do their ass. Another reason why euro wont be the most straight forward currency to trade over the coming months or years and why other asset classes are worth looking at. But a warning if your going to trade dax be careful it can be an absolute beast and the Stoxx maybe slow sometimes but its regular money where you can size up very easily.

Anyway thought that might help some people out just some advice/tips/thoughts but completely away from the main reason why I was here anybody remember that joyful Cloggie character and where he is now? But if anyone wants to ask questions I'm more then happy to answer and share any ideas.

anyone using idis have the s/p as topish soon or now? not sure, it seems it may be. not that i am trading the index. just curious.

Short here on the eur/usd, looking at seeing it retest the bottom in the 1.3780's. Anyone else seeing that?

I didn't say, 1.5...I said, 1.05.

Hope this gives you a thrill in your shorts...

thats good... my outlook is up then down.... areas of interest 1.43 then 1.34 .... meh

Still short from 38102x 38202x
My limits at 3850 not triggered yet which is surprising to me having gone entire London and NY and no bull spike.
Bulls to me are weakening.
Considering adding more shorts at these levels.I may not see 3850...

certainly was a long night, cable has entered battle zone & geppy has finally entered the battle zone I would expect fireworks to start soon and go all day actually rest of week hold on to your hats

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