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  • #1,541
  • Apr 9, 2015 9:33am Apr 9, 2015 9:33am
Quoting Miche09
Well, I have same timezone issues, today I got up at 1:30am to start trading at 7.00am London time and went to bed again at 3:00am when made 17.5 pips net (2 loss and 1 win), then get up at 6:00am to go to work, so I do not trade at NY open . I need to quit my job or trade with daily timeframe. Good luck, Regards {quote}
Just a quick one. I have never had to trade the asian session so I do not know this, But, what do the asian traders trade,?? when the rest of the western world is asleep what do they trade?? Someone must be trading thru the asian session.
Cut your Losers short and let your Winners run.
  • #1,542
  • Apr 9, 2015 9:56am Apr 9, 2015 9:56am
Price bounced off March's close (1.0730) from above a couple of times earlier. Took this trade after price eventually broke through. Closed out as downward momentum was slowing. My original TP was 1.0650 just above 5 day ADR at 1.0642 but happy with +39 this late in session.
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Follow, don't anticipate.
  • #1,543
  • Apr 9, 2015 11:19am Apr 9, 2015 11:19am
closed first two short positions,
third ongoing but it's a possible retrace zone,
then follow it on sight.
eu leaves on the table almost 400pips in four days...
this is sick.

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closed all
nescentia necat
  • #1,544
  • Apr 9, 2015 11:25am Apr 9, 2015 11:25am
Quoting Subrina_FX
{quote}The only bad thing is my timezone which I live in Australia and I'm in bed when market is going to wake up which I can increase the timeframe to lower my risk. any opinion to fix up my timezone issue would also be really appreciated my friend SAM
I don't have time at the moment for your other questions, after the weekend yes.
I remembered reading some thing years ago about trading the Asian session, here is an excerpt.

"
In the Traits of Successful Traders series, David began by examining trader profitability throughout the day (You can certainly hit the source link for more thorough information).

The contrast in trader profitability on the major currency pairs is drastic. Traders during the ‘Asian Session’ showed far better results than traders during the more volatile US and London sessions.

The reasons for this can be numerous, key of which is the ‘slow and low’ nature of the FX market during Asian-trading.

Because price movements are less volatile, and average hourly moves are smaller – support and resistance has a tendency to hold more consistently. David explains in The Best Time of Day to Trade Forex:

“Most individual Forex traders use ‘range trading’ strategies – buying oversold currencies near support and selling overbought currencies near resistance. These tend to work well during low volatility times, when support and resistance tends to hold.”

Here is the link
http://www.dailyfx.com/forex/educati...ing_Tokyo.html
Cut your Losers short and let your Winners run.
  • #1,545
  • Apr 9, 2015 11:45am Apr 9, 2015 11:45am
Quoting friska
closed first two short positions, third ongoing but it's a possible retrace zone, then follow it on sight. eu leaves on the table almost 400pips in four days... this is sick. {image} closed all
You do realize that every pip you take off the table, means that there are less pips available for me

I agree, it is definitely time for a coffee break, especially for you.
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Cut your Losers short and let your Winners run.
  • #1,546
  • Apr 9, 2015 1:15pm Apr 9, 2015 1:15pm
Quoting friska
closed first two short positions, third ongoing but it's a possible retrace zone, then follow it on sight. eu leaves on the table almost 400pips in four days... this is sick. {image} closed all
400pips in 4 days ...well... maybe we are going towards 1:1.0000 and further ... => 0.85
  • #1,547
  • Apr 9, 2015 5:10pm Apr 9, 2015 5:10pm
Quoting dee50
{quote} You do realize that every pip you take off the table, means that there are less pips available for me I agree, it is definitely time for a coffee break, especially for you. {image}
master
is the second time that you tell me this,
I have to worry, are you serious ?!

if I were able to take them home all those 400pip!
but this is challenging because we all see that the possibility is there ... and so this is what makes me study and restudy and read thousands of pages of forum, ask and listen to try to understand, and try and try again. and your teachings have had a big part in this, still.
Obviously, on days like these, all around the world sane went short on eu. when you see that goes down and then goes down again, and then down, you can not miss much.

however, time to break, right but with a Franciacorta.
nescentia necat
  • #1,548
  • Apr 9, 2015 5:20pm Apr 9, 2015 5:20pm
Quoting Aeb82
{quote} 400pips in 4 days ...well... maybe we are going towards 1:1.0000 and further ... => 0.85
some scenario would lead to this, I'm monitoring a large AB = CD that would lead to this ..
but eu still have to pass many obstacles to get to 1:1
do you think it will get there?
nescentia necat
  • #1,549
  • Apr 9, 2015 5:50pm Apr 9, 2015 5:50pm
friska, just count how many pips dee50 made during this 400 pips EU fall...It should be more than that!?
:: everything is awesome ::
  • #1,550
  • Edited 3:07am Apr 10, 2015 2:20am | Edited 3:07am
Quoting friska
{quote} some scenario would lead to this, I'm monitoring a large AB = CD that would lead to this .. but eu still have to pass many obstacles to get to 1:1 do you think it will get there?
Yes... Trend is DOWN... we can get there 1:1 and even 0.085-0.090 ...against all expectations...
historically is also possible... several "pages" before I show some CHARTS where EU can go.
But does it have meaning for us ? We trade statistically for 15-60 pips ... Does someone trade for 1:1... I doubt :] but maybe.
I am happy that EU has Down trend and I can earn some "easy-money". I wish U the same !!!!
  • #1,551
  • Apr 10, 2015 3:55am Apr 10, 2015 3:55am
destroyer pattern on daily

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nescentia necat
  • #1,552
  • Apr 10, 2015 4:52am Apr 10, 2015 4:52am
Quoting Aeb82
{quote} Yes... Trend is DOWN... we can get there 1:1 and even 0.085-0.090 ...against all expectations... historically is also possible... several "pages" before I show some CHARTS where EU can go. But does it have meaning for us ? We trade statistically for 15-60 pips ... Does someone trade for 1:1... I doubt :] but maybe. I am happy that EU has Down trend and I can earn some "easy-money". I wish U the same !!!!
I understand your speech,
I am particularly interested in because I live in the eurozone,
so in addition to the percentage of pips that we can take home,
I also have concerns about the more general trend of the euro by 'citizen' ...
in any case
ride on eu!
wish you the same!
nescentia necat
  • #1,553
  • Apr 10, 2015 4:57am Apr 10, 2015 4:57am
Quoting Black Fox
friska, just count how many pips dee50 made during this 400 pips EU fall...It should be more than that!?
may be, i wish, one day,
we will become 'trend snipers' as dee50.
but I think it takes a looooooot more work....
nescentia necat
  • #1,554
  • Apr 10, 2015 5:19am Apr 10, 2015 5:19am
EU +9 and +11 .. I like such situations ... down trend and pullback and BANG BANG with main trend
maybe I should target for 1.0600-0590 but 10pips chart says to me ..be careful ... so I am
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  • #1,555
  • Apr 10, 2015 6:35am Apr 10, 2015 6:35am
Are we going to 1.0400 ?
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  • #1,556
  • Apr 10, 2015 6:52am Apr 10, 2015 6:52am
Quoting Aeb82
Are we going to 1.0400 ? {image}
maybe 048/045 first, ...if it will continues to fall
my 2c
nescentia necat
  • #1,557
  • Apr 10, 2015 7:17am Apr 10, 2015 7:17am
EU +24, -4, -3, BE, +8.

First trade taken before LO after hidden and reg div before and during FH. My stop was in the worst possible place.. 2nd and 3rd trades were taken late hence resulting in messy closes after price pulled back. I missed the short off the 25 level after the 50ema rejection (red arrow). Didn't re-enter immediately after the BE as we were close to BRN. Overall +25 for the day.
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Follow, don't anticipate.
  • #1,558
  • Apr 10, 2015 7:34am Apr 10, 2015 7:34am
Quoting Aeb82
EU +9 and +11 .. I like such situations ... down trend and pullback and BANG BANG with main trend maybe I should target for 1.0600-0590 but 10pips chart says to me ..be careful ... so I am {image}
Sorry to say..you got out to early..
i worshipped... Momentum
  • #1,559
  • Apr 10, 2015 7:51am Apr 10, 2015 7:51am
Quoting RockRobb
{quote} Sorry to say..you got out to early..
I agree. You are right, too early.

I noticed that after such sessions (100-150pips down at friday) ...the Open on Sunday at 23:00 will be with GAP ??? ...what do you say, hmmm ???
  • #1,560
  • Apr 10, 2015 1:05pm Apr 10, 2015 1:05pm
EU +41. that's all i could manage today, we started off very early today on the tourist trail, so when we got back i had a quick look and this was setting up so whilst queuing for the shower I entered prematurely (my wife's biggest complaint) and thought it would be a quick run down, fortunately I booked the table for 22.00hrs, because the trade took a few hours!! I need not have rushed my shower.
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Cut your Losers short and let your Winners run.
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