Hi folksmissing since a looooooong time! don't even remember when was last time i came over FF. well, i had many reasons for that! now everything is (almost) accomplished and I'm trying to give a serious look on some charts. For the moment I'm wondering how much the EUR CHF will keep stable between 1.20 and 1.22: could be one year or one month! {image}
{quote} It was a good trade. I see what I did there and must ask you to forgive me - I did not mean to steal your glory. Your influence has caused me to revisit my Eur/Gbp analysis and I think if we see a good daily close above .7913 then I will be on the bullish side with you. What I wanted to ask you is this. Your expected worst draw down does not imply a very good R : R? Are you really going to trade this?
It isn't empirical evident & reliable. From a statistical point of view it's unproven.{quote} +50% profit within 13 months is not so bad IMO! No bank will give you this interest per anno.
{quote} Statistically unproven: Risk Reward idea seems more a literal misleading concept initiating from those people who want your money.
{quote} Something I have come to notice more and more lately is that traders do not take good setups because there isn't enough reward against risk, or they use a SL placement based on nothing more than it has to be here to achieve a certain R/R outcome. trades should be taken because they meet the requirements of your plan. RT
I like long Usd/Chf around here (.9500) and short Eur/Usd (1.28) - both big levels now being retested. There should be a bounce at these levels, at least, allowing for a safe entry, but I consider this to be a longer term trade, months. Targets? Parity for the former, initially, and 1.2 for the latter. Good luck. (Going to put this post in my diary with monthly repeats) http://www.forexfactory.com/showthre...90#post7790890 BB King, my old friend, we have not seen you here for a while?
will try to slowly recover my trading activities and daily-weekly trades is the way that better fits with all the other stuff, since i cannot even open a chart during the day {quote}
You've been missed my friend. So glad to see you inching your way back in here. Hope all is well brother. {quote} WOW!! BB ... Mr. King!
really missing those old days !!
NZD/USD - More downside expected in the mid term. Recent rejection of the monthly pivot has left price in temporary consolidation. Chart highlights zones to load short if a pullback occurs from current levels. {image}
{quote} I think there is a good chance of these levels acting as support with price making a second attack on the 2.075 23.6% Fib retrace in the near term. Volatility is rising so penetration into the supply zone could easily go as far as 1.95 -1.96. Ultimately I think chances are this supply zone will hold and we will see new highs in the mid term. I have transferred my focus to the GBP/USD since RBZ has upped the exchange rate, mid term positions are costing more to hold when short on the NZD.
{quote} Hi smikester!
