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  • #913,341
  • Jul 31, 2014 12:01am Jul 31, 2014 12:01am
Quoting FXSayWhat
{quote} {quote} May i ask are these the profit you are still having were from trading the EURUSD FOMC section today? are you still holding them? I couldn't tell because image was cut. {image}
My trades (on this account) are based on 4hr and daily TA. I will generally ignore news (though am always in management mode) unless it is shock numbers/news and may react.

I'm not here for dick size measurements, just trying to say I have a plan that has been pushing me further into profit for the previous two years.
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Click to Enlarge Name: profits 2.JPG Size: 61 KB
As the lights go by so too do the shadows move
  • #913,342
  • Jul 31, 2014 12:13am Jul 31, 2014 12:13am
Quoting Matts Micro
{quote} My trades (on this account) are based on 4hr and daily TA. I will generally ignore news (though am always in management mode) unless it is shock numbers/news and may react. I'm not here for dick size measurements, just trying to say I have a plan that has been pushing me further into profit for the previous two years. {image}
And just to show any newbs that there is no such thing as 100% winners here are my recent loses. It's all about R:R and MM. Roughly adds up to around 60 pips loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Profits 3.JPG Size: 44 KB
As the lights go by so too do the shadows move
  • #913,343
  • Jul 31, 2014 12:15am Jul 31, 2014 12:15am
Quoting Matts Micro
{quote} And just to show any newbs that there is nothing such thing as 100% winners here are my recent loses. It's all about R:R and MM. Roughly adds up to around 60 pips loss. {image}
Slow reactions or not present at your computer? I would try and cut your losses as much as possible.

60 pip losses can be significantly reduced with better micro/macro management. It all adds up.
  • #913,344
  • Jul 31, 2014 12:17am Jul 31, 2014 12:17am
Quoting BlackSun
{quote} Slow reactions or not present at your computer? I would try and cut your losses as much as possible. 60 pip losses can be significantly reduced with better micro/macro management. It all adds up.
It is a longer term strategy. The trades need space to breath. I have 60 pips loss but am currently 270 pips in profit.
As the lights go by so too do the shadows move
  • #913,345
  • Jul 31, 2014 12:21am Jul 31, 2014 12:21am
Quoting Matts Micro
{quote} My trades (on this account) are based on 4hr and daily TA. I will generally ignore news (though am always in management mode) unless it is shock numbers/news and may react. I'm not here for dick size measurements, just trying to say I have a plan that has been pushing me further into profit for the previous two years. {image}
I was talking about why not trading during the FOMC meetings is probably a good idea for novice traders. Don't u think showing me ur 4h and daily profit was a bit off topic?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #913,346
  • Jul 31, 2014 12:25am Jul 31, 2014 12:25am
Quoting Matts Micro
{quote} My trades (on this account) are based on 4hr and daily TA. I will generally ignore news (though am always in management mode) unless it is shock numbers/news and may react. I'm not here for dick size measurements, just trying to say I have a plan that has been pushing me further into profit for the previous two years. {image}
Stick to your plan and continue with profits. Don't change anything, no matter what differing opinions you meet.
Good job on profits.
  • #913,347
  • Jul 31, 2014 12:35am Jul 31, 2014 12:35am
Quoting 2012mysterio
{quote} Stick to your plan and continue with profits. Don't change anything, no matter what differing opinions you meet. Good job on profits.
Thanks mysterio.

I'm not easily swayed from my path

Quoting FXSayWhat
{quote} I was talking about why not trading during the FOMC meetings is probably a good idea for novice traders. Don't u think showing me ur 4h and daily profit was a bit off topic?
You called me novice and just providing facts on the contrary (imo).
(dont want to waste my time going into a debate of- I said because you said...blah blah)
As the lights go by so too do the shadows move
  • #913,348
  • Jul 31, 2014 12:50am Jul 31, 2014 12:50am
Quoting Chicky
{quote} I see a third reason for the third direction ............ a Matrix Scheme by the borkers. http://en.wikipedia.org/wiki/Matrix_scheme The only person who made money in forex in shortest possible time http://www.forexfactory.com/jacko
And his members revoked!!! No wonder
  • #913,349
  • Jul 31, 2014 1:02am Jul 31, 2014 1:02am
Quoting Matts Micro
{quote} And just to show any newbs that there is no such thing as 100% winners here are my recent loses. It's all about R:R and MM. Roughly adds up to around 60 pips loss. {image}
do you only trade on H4? would you mind sharing your insights of money management?
what leverage do you use?
how you make your entry and how do you use/set SL?

thanks for sharing.
  • #913,350
  • Jul 31, 2014 1:04am Jul 31, 2014 1:04am
Technically German retail news is good to fundamentaly take EU to south
  • #913,351
  • Jul 31, 2014 1:09am Jul 31, 2014 1:09am
Good Morning !

Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD

http://www.forexfactory.com/showthre...12#post7641912

EURO PINK
CABLE PINK
AUDUSD PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #913,352
  • Jul 31, 2014 1:11am Jul 31, 2014 1:11am
Quoting Magicmen
{quote} And his members revoked!!! No wonder
Seems you missed few most important posts. He ran away with over $2 million.
The Thief of Wall Street
  • #913,353
  • Edited 1:30am Jul 31, 2014 1:19am | Edited 1:30am
Good morning. Another day and another dollar. Nice with the news yesterday, looks like i should have stayed with my long idea. Price usually tends to get back to the "line" it had before news AND trend. News is almost always just noice on the chart..

So lets start the day with a short from 3395 and see what happens, SL area is close so that makes it relaxing. long time 4H divergence was disregarded and now invalidated giving me the sense that we have a pretty strong bear. Daily bullish candle is the only thing right now giving me concerns and therefor i will be a bit careful. A little news day today, hopefully i can be out before that or at least some 15-20 pips down in the charts.

Watching the upside now and if we get above 3399 - 3405 bull could become my gang to be with today. Lets get some money..

EDIT: If we get below 3391 i will ad some shorts..
I don't even have a cool signature
  • #913,354
  • Jul 31, 2014 1:46am Jul 31, 2014 1:46am
One thing to think about is that this can turn into a bull, or already has. So i'm watching 33849 and 33804 now on how we bounce (if we do). I cant be sure that bear is in control until we make a new low.

Other aspect is that we have had bigger retracements in the past of this trend (3490 to 3548) so even with high impact news we only got 40 pips from low..
I don't even have a cool signature
  • #913,355
  • Jul 31, 2014 2:01am Jul 31, 2014 2:01am
Quoting vector0
{quote} do you only trade on H4? would you mind sharing your insights of money management? what leverage do you use? how you make your entry and how do you use/set SL? thanks for sharing.
I think it would be a little dangerous for me to try to explain everything about my methods as I use an open discretional style that isn't based on hard rules. As a base I mostly use pattern setups ie. wedges, H&S, cup & handle etc on the larger TF's (4hr up, though 1 hour occasionally) but I am also looking at other factors. I have found (as is mentioned in almost all readings) that the market is always changing so I look for other factors such correlations- looking for strengths and weakness's (and why), supply and demand, overbought/sold conditions and at odd times news events that I have a good understanding of and the expected results. So it is just a matter of having a broad knowledge base (still working on mine) and finding opportunities in what ever the market offers.

Money management is about the range of your trades and how much you want to risk. So imo don't have a "set" lot risk as the expected SL's and TP's will change. Also it can change depending on the pairs traded ie I use a different lot ratio on the GBPJPY to say the EURGBP pair because one is highly volatile compared to other that has a limited range. Ultimately it should depend on the range of pips per the amount of percent your willing to risk. I rarely use my full SL though and often set it tighter if I start to see signs of movement against the trade, it's part of trade management.

All I can really say is to read and trade, trade and read. It's about getting your hands dirty, but if you can be smarter than many (95%?) then you will risk very little in the learning stage. I do however recommend using a small live account once ready though so that a real understanding of fear and greed is appreciated.

Hope this helps. GL.
As the lights go by so too do the shadows move
  • #913,356
  • Jul 31, 2014 2:08am Jul 31, 2014 2:08am
Goldman some time ago said that EURUSD was headed to 1.2 area...I never care about what they say but I now think they were correct...selling rallies will win for a while
  • #913,357
  • Jul 31, 2014 2:13am Jul 31, 2014 2:13am
time to retest the bottom and put the longs from yesterday out of their misery?
  • #913,358
  • Jul 31, 2014 2:15am Jul 31, 2014 2:15am
Quoting Magicmen
Technically German retail news is good to fundamentaly take EU to south
you think it will support eu to go up side and cross 1.3420 level ? what is over all expectation for German retail news data ?
  • #913,359
  • Jul 31, 2014 2:16am Jul 31, 2014 2:16am
Quoting vector0
{quote} do you only trade on H4? would you mind sharing your insights of money management? what leverage do you use? how you make your entry and how do you use/set SL? thanks for sharing.
Just as an example of one of my trade setups I did on Saturday was the USDJPY. I think it was a fairly obvious trade to most going by reports, forums etc.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpy #2.jpg Size: 186 KB
As the lights go by so too do the shadows move
  • #913,360
  • Jul 31, 2014 2:17am Jul 31, 2014 2:17am
Quoting Greener
Goldman some time ago said that EURUSD was headed to 1.2 area...I never care about what they say but I now think they were correct...selling rallies will win for a while
1.2 would be great but I just can't see the USD being strong enough in the next year or so to push it there.
Looking to be a better trader
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