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  • #907,541
  • Jun 28, 2014 12:34pm Jun 28, 2014 12:34pm
Quoting CandleStar
Cool tip Cholipop for the fast 10 pips guys, I am one of them. You asked for the smaller TFs: I use M5 only as a "first hint". As I have several MT4s open at the same time every new graphic slows down my machine, and M1 graphics are extreme, so I avoid them. You seem to work with naked charts, I am the exact opposite. Not that I am totally graphic fixed, but they are making my life so much easier. At best I get all my charts aligned peakwise from M5 to letīs say H1 and here I go. To wait for H4 and D1 is boring, the signals for max peaks are too...
I agree with you about the higher tf being to boring. By the time an engulf occurs (secondary sign of reversal) you may end up giving 50 pips back to the market before you end up going in green.

Hey candle, do you expect a gap? I know it would be pure guessing, but being that EU has closed a bit under the week's high, maybe they gap it down to give us the ability to load up to the upside? If we were to gap up, it would be to the price of 1.36684 or 1.36772 A gap down would for sure indicate a strong move up for EU leading up to NFP friday.
Banks scalp, why don't you?
  • #907,542
  • Jun 28, 2014 12:49pm Jun 28, 2014 12:49pm
If MMs want to go higher a gap would be the easiest way to do it. But I have no opinion on gaps in general nor do I have one for NFP.

I simply donīt trade NFP, too fast for my brokerīs trading desk. Spiky like s*** and after a while pa follows the original route again.

The only aim I have is 3-5% p.w., more is just a surplus and never a must.

I am not interested who is right or wrong here, I only want my percentage.

I want to invest a higher sum on one of my accounts and if you are clever in math you will certainly recognize how much "damage" I can do with that strategy without any withdrawls within a year.

P.S: I saw from your Trade Explorer that you started with $10K. Gaining 5% every week should give you $126K in a year.
  • #907,543
  • Jun 28, 2014 12:58pm Jun 28, 2014 12:58pm
Quoting CandleStar
If MMs want to go higher a gap would be the easiest way to do it. But I have no opinion on gaps in general nor do I have one for NFP. I simply donīt trade NFP, too fast for my brokerīs trading desk. Spiky like s*** and after a while pa follows the original route again. The only aim I have is 3-5% p.w., more is just a surplus and never a must. I am not interested who is right or wrong here, I only want my percentage. I want to invest a higher sum on one of my accounts and if you are clever in math you will certainly recognize how much "damage" I...
Yes it should, but it would be amazing if I could be consistent. That to me is the hardest part of forex.
Banks scalp, why don't you?
  • #907,544
  • Jun 28, 2014 1:04pm Jun 28, 2014 1:04pm
Quoting CholiPop
{quote} Yes it should, but it would be amazing if I could be consistent. That to me is the hardest part of forex.
Just stay cool. It is a great game and only money btw. If you lose you still have your life
  • #907,545
  • Jun 28, 2014 2:29pm Jun 28, 2014 2:29pm
Quoting CandleStar
{quote} Just stay cool. It is a great game and only money btw. If you lose you still have your life
you right about that.
Banks scalp, why don't you?
  • #907,546
  • Jun 28, 2014 2:44pm Jun 28, 2014 2:44pm
Just made my case studies on H4 for the weekend.

We will go up to 1.38xx or higher or we will go down to 1.31xx (I think it is Gatorīs target and now I understand).

Both will need a little time.

For the moment I would prefer the higher aim cause we are already following that route but it can be a trap and I will change my mind immediately depending on how PA will behave in the near future.

One of these I expect to happen in 1-2 weeks.
  • #907,547
  • Jun 28, 2014 8:01pm Jun 28, 2014 8:01pm
Quoting CandleStar
Just made my case studies on H4 for the weekend. We will go up to 1.38xx or higher or we will go down to 1.31xx (I think it is Gatorīs target and now I understand). Both will need a little time. For the moment I would prefer the higher aim cause we are already following that route but it can be a trap and I will change my mind immediately depending on how PA will behave in the near future. One of these I expect to happen in 1-2 weeks.
Looking at the daily chart it could be argued that we are undergoing a retracement to 1.3650-1.3680 levels seen around 6th of June before continuing further down.
The daily chart is trending down in my view with the 50ema crossing the 100ema.

The H4 however dose paint a more bullish picture with the start of an uptrend forming. Like you said it is difficult to say at this stage, we need a few more days to see how this last up movement plays out.

With that said I am still leaning towards the daily chart
"Don't get caught trading wheat in the corn pit"
  • #907,548
  • Jun 28, 2014 10:50pm Jun 28, 2014 10:50pm
I am shorting first thing Sunday it is going to crash down for certain the next days or even weeks.
  • #907,549
  • Jun 29, 2014 4:10am Jun 29, 2014 4:10am
Quoting investing101
I am shorting first thing Sunday it is going to crash down for certain the next days or even weeks.
Be careful with that axe Eugene (Pink Floyd)
  • #907,550
  • Jun 29, 2014 6:27am Jun 29, 2014 6:27am
My take, and it has something interesting on Dollar index as well:

http://orcaforex.com/eurusd-bullish-...ch-better-now/
"It's the Margin, Stupid."
  • #907,551
  • Jun 29, 2014 9:24am Jun 29, 2014 9:24am
Quoting Vachus
My take, and it has something interesting on Dollar index as well: http://orcaforex.com/eurusd-bullish-...ch-better-now/
Same here, USDCHF short EU has to go higher on that. And if UC does start droping there is 130 pips down to go before any retracement, which means 1.37 - 1.38 is completly in play on EU.
  • #907,552
  • Jun 29, 2014 9:27am Jun 29, 2014 9:27am
It seems like virtually everyone on here is bullish - any bears about?
  • #907,553
  • Edited 10:30am Jun 29, 2014 9:48am | Edited 10:30am
Quoting pedro319
GOLD Have started retracement down from here and I expect strong support around 1290,at 50% Ret + weekly pivot + Monthly pivot R1 untested from the upside. I will add longs from there for test of 1335 or 1400 around Monthly R2 area and 1.27 to 1.618 Extension. If you see fast downward move you know what that means, it's probably resuming downward action and not a retracement. I will update on this closer to the place. Copper should follow.
GOLD
We have opportunity to trade based on current setup, this is only a rectangle on the 1 hour chart but with that and according to the theory; rectangle width should provide estimation for next move in case we have an upward or downward breakout. The targets are the ones still in last post, 1335 is completion of major ABCD 4 hours chart (1.618 Extension) and 1290 50% retracement of current move. You can trade using last kiss technique or any other one that suits your style. I will update on this as the breakout comes.
My bias here is on the downside as 4 hour chart shows 3 drives sell.
Have a good weekend.
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  • #907,554
  • Jun 29, 2014 9:49am Jun 29, 2014 9:49am
Quoting InNeedOfHelp
It seems like virtually everyone on here is bullish - any bears about?
I donīt think so. 5 posts above "investing101" is ready to sell (the farm)
And I am sure there are lot more that are hot selling.

I for myself am in "waiting status".
  • #907,555
  • Jun 29, 2014 10:10am Jun 29, 2014 10:10am
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  • #907,556
  • Jun 29, 2014 10:30am Jun 29, 2014 10:30am
Is anyone on here very good with metatrader installing things etc... I have pivots in one meta trader platform... I want to also get those pivots put somehow in another metatrader platform and have no idea how etc. Anyone know exactly how would be fab
  • #907,557
  • Jun 29, 2014 10:36am Jun 29, 2014 10:36am
Quoting RussJ
Is anyone on here very good with metatrader installing things etc... I have pivots in one meta trader platform... I want to also get those pivots put somehow in another metatrader platform and have no idea how etc. Anyone know exactly how would be fab
Buddy save them as template on your meta trader, on the adress C:\Users\(your username)\AppData\Roaming\MetaQuotes\Terminal find the one which has your template under folder named profiles. copy it to the other one you want. close metatrader and open it again. tada!
  • #907,558
  • Jun 29, 2014 10:39am Jun 29, 2014 10:39am
Quoting RussJ
Is anyone on here very good with metatrader installing things etc... I have pivots in one meta trader platform... I want to also get those pivots put somehow in another metatrader platform and have no idea how etc. Anyone know exactly how would be fab
1-Click file at top
2-Click Open Data Folder
3-Find MQL4 folder double click it.
4-Find Indicators folder double click it.
5-Find your indicator files in there ( XPivots.mq4 and XPivots.ex4)
6-Choose those 2 files and than copy from there.
7-Follow above steps at other mt4 installation.
8-Paste those 2 files under indicators folder.
9-Close and re open mt4
  • #907,559
  • Jun 29, 2014 10:54am Jun 29, 2014 10:54am
Quoting CandleStar
{quote} I donīt think so. 5 posts above "investing101" is ready to sell (the farm) And I am sure there are lot more that are hot selling. I for myself am in "waiting status".
I guess that's some of the danger with the forum - when it dipped below 600 a few days ago everyone was saying down down down now it has pulled up it's all up up up.
  • #907,560
  • Jun 29, 2014 10:58am Jun 29, 2014 10:58am
Most people are bullish;yes. Mainly because they have lost most of their profits/investment when EU dropped almost 500 pips. The market has a very interesting way of playing with our emotions. Although we have many ways to trade, it would appear that most of us place wagers based on Bias, then with logical reasoning.
Banks scalp, why don't you?
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