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EURUSD

  • #941,621
  • Dec 5, 2014 10:18am Dec 5, 2014 10:18am
Quoting fxtyrant
{quote} is it okay if i would say that his chart has too many lines for me to feel comfortable?
some lines are important, some not so. the forest is full of trees.
those who can, do. those who cant, talk about those who can
  • #941,622
  • Dec 5, 2014 10:20am Dec 5, 2014 10:20am
Quoting Kofmaster
{quote} if you take into the consideration of bigger lots open later and holding on to the position . Its the same buddy, its the same.
Not at all your risk just increased considerably...
  • #941,623
  • Dec 5, 2014 10:21am Dec 5, 2014 10:21am
Quoting gatorinla
{quote} some lines are important, some not so. the forest is full of trees.
agree, for me i prefer to look at psych lines
1.23, 1.235, 1.24, 1.245, 1.25, 1.255 etc etcc
We live in a finite world with infinite possibilities.
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  • #941,624
  • Dec 5, 2014 10:23am Dec 5, 2014 10:23am
Quoting fxtyrant
{quote} agree, for me i prefer to look at psych lines 1.23, 1.235, 1.24, 1.245, 1.25, 1.255 etc etcc
if he set it to month or week there is less trees, many exact. on a compounding interest trade, this is mega. 1/4% risk at 5 pips is 1% reward at 20 pips.
those who can, do. those who cant, talk about those who can
  • #941,625
  • Dec 5, 2014 10:24am Dec 5, 2014 10:24am
Quoting thegmann
{quote} Not at all your risk just increased considerably...
I'm a position trader. as long as the trend prevails I win. It is almost riskless if you are a trend trader because what you are doing is trading the fact. However on the other hand an intraday trader what they are doing is they are trading the emotions of the market which is not steady all the time.

God may delay but god does not deny. Remember this
Read the entire market, money is made on the main trend not the fluctuation
  • #941,626
  • Dec 5, 2014 10:31am Dec 5, 2014 10:31am
Quoting Kofmaster
{quote} I'm a position trader. as long as the trend prevails I win. It is almost riskless if you are a trend trader because what you are doing is trading the fact. However on the other hand an intraday trader what they are doing is they are trading the emotions of the market which is not steady all the time. God may delay but god does not deny. Remember this
Im a position trader too...it's better to hold a position from higher up with less leverage (less per pip move for or against you) it lowers your risk...If your a position trader why would you cut all of your positions some that were clearly in 400+ pip profit in order to eventually double down on your lots and your risk in the future, or take positions at lower levels where you risk draw down or s/l getting hit? You could cut a few lower ones to free up some margin (or if you thought there would be possible retrace to lock in short term gains) but why cut the higher ones where price is very very unlikely to retrace back to? Im just trying to understand why you did it?
  • #941,627
  • Dec 5, 2014 10:36am Dec 5, 2014 10:36am
Quoting thegmann
{quote} Im a position trader too...it's better to hold a position from higher up with less leverage (less per pip move for or against you) it lowers your risk...If your a position trader why would you cut all of your positions some that were clearly in 400+ pip profit in order to eventually double down on your lots and your risk in the future, or take positions at lower levels where you risk draw down or s/l getting hit? You could cut a few lower ones to free up some margin (or if you thought there would be possible retrace to lock in short term...
I see a possibility back of upper trendline breach back to 1.25
Read the entire market, money is made on the main trend not the fluctuation
  • #941,628
  • Dec 5, 2014 10:37am Dec 5, 2014 10:37am
For the sake of discussion I present this chart. Price hit the low bound of a Fib area, to the pip. Second, the Great Wall of Forex top is between 2189 and 2110, I reckon. We could reverse direction. I know the fundis may not like it but heck this is discussion.

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  • #941,629
  • Dec 5, 2014 10:39am Dec 5, 2014 10:39am
fun with demo trading experiment in about 7 h.
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those who can, do. those who cant, talk about those who can
  • #941,630
  • Edited 11:17am Dec 5, 2014 10:43am | Edited 11:17am
Quoting pedro319
{quote} EURUSD Price completed all targets H4 ABCD's, a bounce would be only logical from here, however there are still targets on the downside for larger timeframe patterns namely larger ABCD D1 or if you want H4 AB=CD at 1.2190 which is my last target before we enter second part of the this move. I will try within possible to sell rallies and I am interested in 1.2420-50 area upon rejection. All details here: http://www.forexfactory.com/showthre...80#post7894080 {image} {image}
EURUSD
All the moves contained, within the scope of my weekly trading plan with opportunities Long and Short with very precise entry levels. Still waiting for the same targets on the downside.
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  • #941,631
  • Dec 5, 2014 10:51am Dec 5, 2014 10:51am
Welcome back FXTyrant
  • #941,632
  • Dec 5, 2014 11:00am Dec 5, 2014 11:00am
Quoting pedro319
AUDUSD Couple of charts W1 and D1 with what could be the near future of this pair. My bias since 0.95 has been heavily short. I expect 0.8384, 1.618 Ext D1 + MS3. After that focus on 0.8297 Yearly S1. I will post any setups on intraday whenever possible. {image} {image}
AUDUSD
Descent continues, next target not so far now.
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We watch the charts from every angle so you don't have to!!
  • #941,633
  • Dec 5, 2014 11:06am Dec 5, 2014 11:06am
Quoting pedro319
{quote} USDJPY 120 could be the next target as long the two lows (blue circles) mainly C point remain, that is the risk if you don't like to hold on to positions in red. I use invalidation points of the patterns to scale in or out depending on each trade. {image}
USDJPY
122 is next and once we reach there same methodology, no reversal candle at least on Daily no point talking about reversal.
We watch the charts from every angle so you don't have to!!
  • #941,634
  • Dec 5, 2014 11:16am Dec 5, 2014 11:16am
Quoting gatorinla
{quote} can u put that on a 7 day cycle? one where u have control of the first or last day. and set it for Friday close years ago. so all future would be in sink. example: friday dec 5 close.. then any close on friday there after (7 days). the month is more tricky with a calender and daylight saving. a manual may be easier for month.
I am afraid its beyond my programming skills I can only use basics of mql4, need time to learn those things.
  • #941,635
  • Dec 5, 2014 11:28am Dec 5, 2014 11:28am
Quoting Rockerzeus
{quote} I am afraid its beyond my programming skills I can only use basics of mql4, need time to learn those things.
use the cycle lines.. and add a option, for that h switch to day light savings. set for close w/o spread. get a citi bank demo. they close at 4:59:57 most weeks
that time set may be to manual, since brokers times differ. leave that time as changeable
those who can, do. those who cant, talk about those who can
  • #941,636
  • Dec 5, 2014 11:33am Dec 5, 2014 11:33am
what do you think
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  • #941,637
  • Dec 5, 2014 12:16pm Dec 5, 2014 12:16pm
Quoting gatorinla
{quote} use the cycle lines.. and add a option, for that h switch to day light savings. set for close w/o spread. get a citi bank demo. they close at 4:59:57 most weeks that time set may be to manual, since brokers times differ. leave that time as changeable
Yes, I see that all the time, massive spreads at market close with citi. Do they do that to accommodate an anticipated gap at Sunday open? It does seem that we have a gap more often than not when this happens.
  • #941,638
  • Dec 5, 2014 12:22pm Dec 5, 2014 12:22pm
The fourth is not a charm

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  • #941,639
  • Dec 5, 2014 12:23pm Dec 5, 2014 12:23pm
Quoting cobracoder
what do you think {image}
down
  • #941,640
  • Dec 5, 2014 12:28pm Dec 5, 2014 12:28pm
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