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  • #980,181
  • Apr 12, 2015 8:35pm Apr 12, 2015 8:35pm
Quoting Forexville
{quote} Thanks for your concern. I agree that M15 charts are noisy, but that's where our system derives its edge. It has made a good return this month already, please check out the top 10 real money systems this month. I am just trying to help out by spotting what I think is a major signal that's all. I think we are looking at a major spurt in eurusd which will catch a lot of people.
Do you honestly think that the big boys that print the candles look at 15 minute charts?...the only time that they may ever look at one is to run the stops of the dumb money. I don't know your system, and maybe 10 pips or so is what it's looking for...and that's fine. But, if you're looking for a true trend reversal of say, 200+ pips, then a 15 minute chart is for suckers. I can assure you that the big boys do not build structure on a 15 minute basis. Good luck with your endevours
Don't trade the noise
  • #980,182
  • Apr 12, 2015 8:35pm Apr 12, 2015 8:35pm
Quoting KiwiTrada
{quote} call it what you want, if it works, keep doing it, but when trading higher timeframes, "waves" can take forever, Im thingking its just the market breathing, when it starts to taking big breath aka range, consolidation accumulation whatever, thats when its time to tighten everything and be cautious cause break outs can be a massive biatch to range traders, and vice versa :nerd:
Is there a way to find out in which way the distribution happens after accumulation ?
Intraday only.
  • #980,183
  • Apr 12, 2015 8:41pm Apr 12, 2015 8:41pm
Quoting Lord Bolton
Is today a holiday in the United States?
No, US markets will be open.
  • #980,184
  • Apr 12, 2015 8:45pm Apr 12, 2015 8:45pm
Quoting navk
{quote} Is there a way to find out in which way the distribution happens after accumulation ?
yes, much research, find the predominant trend, patterns are either bullish or bearish, sideways of course is dist ans acc fundamental sentiment, etc etc some use the moon phase, tea leaves , whatever, do the research, and try minimise risk, nothing guaranteed, no homework, just gambling :nerd: gj has 1 toenail thru 176
If you are new to Forex? Say Goodbye to your account!!
  • #980,185
  • Apr 12, 2015 8:51pm Apr 12, 2015 8:51pm
Quoting KiwiTrada
{quote} yes, much research, find the predominant trend, patterns are either bullish or bearish, sideways of course is dist ans acc fundamental sentiment, etc etc some use the moon phase, tea leaves , whatever, do the research, and try minimise risk, nothing guaranteed, no homework, just gambling :nerd: gj has 1 toenail thru 176
I understand, usually along the trend the distribution.
Intraday only.
  • #980,186
  • Apr 12, 2015 9:01pm Apr 12, 2015 9:01pm
Good day all. At this current moment, based on my calculation EU is a long... I would hold the long position for a take profit at 1.06214 Sl is a close under 1.0602on the 15m chart.
Attached Image


Although mondays one should not expect much due to it being the lowest range day, I would at least try to start off the week on the right side with green pips. Once the take profit or the sl is triggered I shall update.
Think backwards.
  • #980,187
  • Apr 12, 2015 9:05pm Apr 12, 2015 9:05pm
Quoting BabySteps101
Good day all. At this current moment, based on my calculation EU is a long... I would hold the long position for a take profit at 1.06214 Sl is a close under 1.0602on the 15m chart. {image} Although mondays one should not expect much due to it being the lowest range day, I would at least try to start off the week on the right side with green pips. Once the take profit or the sl is triggered I shall update.
Ever ponder why it's the lowest range day?...Because the big boys are building the structure for the week, so they can make 300 pips instead of 15
Don't trade the noise
  • #980,188
  • Apr 12, 2015 9:10pm Apr 12, 2015 9:10pm
Just noticed GBPAUD and EURAUD rallying. Could this be an indicator that EURUSD could rally later on possibly during London session? Of course AUDUSD dumping due to Chinese negative trade balance release is a significant reason why XXXAUD pairs would go up, but just wondering if anyone could provide some insight in regards to Euro cross pairs and its effect on EURUSD.
  • #980,189
  • Apr 12, 2015 9:12pm Apr 12, 2015 9:12pm
Quoting TTFXHammer
{quote} Ever ponder why it's the lowest range day?...Because the big boys are building the structure for the week, so they can make 300 pips instead of 15
That may be true, but the reality is I accumulate 300 pips in blocks of 10-15 pips. Thus the % profit I have been able to obtain this month.
Think backwards.
  • #980,190
  • Apr 12, 2015 9:14pm Apr 12, 2015 9:14pm
Quoting TTFXHammer
{quote} Ever ponder why it's the lowest range day?...Because the big boys are building the structure for the week, so they can make 300 pips instead of 15
Not to mention, thursdays typically has the highest daily range day, as it then sets up the wide daily pivots for FRIDAY, which of course has the highest range.
Think backwards.
  • #980,191
  • Apr 12, 2015 9:15pm Apr 12, 2015 9:15pm
Quoting BabySteps101
{quote} That may be true, but the reality is I accumulate 300 pips in blocks of 10-15 pips. Thus the % profit I have been able to obtain this month.
Your broker thanks you
Don't trade the noise
  • #980,192
  • Apr 12, 2015 9:17pm Apr 12, 2015 9:17pm
Quoting TTFXHammer
{quote} Your broker thanks you
I am sure they do, but my intent in trading to GAIN profit. So the amount of money my broker makes isn't even worth thinking about. If I earn even 5 pips, and my broker made 1 why should I care?
Think backwards.
  • #980,193
  • Apr 12, 2015 9:18pm Apr 12, 2015 9:18pm
Quoting Deliciouspip
{quote} 1.0630 and 1.059 for me
done, +12 pip lol
Perfecting your entry will increase your profits
  • #980,194
  • Apr 12, 2015 9:19pm Apr 12, 2015 9:19pm
Quoting Deliciouspip
{quote} done, +12 pip lol
It is still above daily open but below daily pivot. Not in order to go for short.

The price needs to break below daily open.
Intraday only.
  • #980,195
  • Apr 12, 2015 9:19pm Apr 12, 2015 9:19pm
Quoting Deliciouspip
{quote} done, +12 pip lol
Good job... Your 12 pips on the right side. Compared to those aiming for 300 pips, and end up giving 300 pips to the market.
Think backwards.
  • #980,196
  • Apr 12, 2015 9:25pm Apr 12, 2015 9:25pm
Quoting Deliciouspip
{quote} done, +12 pip lol
I too closed my shorts ( opened at 0608/0610. )
Intraday only.
  • #980,197
  • Apr 12, 2015 9:29pm Apr 12, 2015 9:29pm
Quoting BabySteps101
{quote} Compared to those aiming for 300 pips, and end up giving 300 pips to the market.

Everyone trades different, I'm only up 58% on the month. I'm curious though as to your stop strategy. Will one loss wipe out half of your profit for the year? Are you risking 50 pips to make 10? My average trade is 15 hours and averages 87 pips of profit....and I win 79% of my trades. Sometimes I'll pull 200+ pips and other times only 30....all depends on the real estate.
Don't trade the noise
  • #980,198
  • Apr 12, 2015 9:31pm Apr 12, 2015 9:31pm
Quoting TTFXHammer
{quote} That one could hurt, unless you have a big stop
0608/0610 was short. Stop was 0620.

15 to 12. It is ok.
Intraday only.
  • #980,199
  • Apr 12, 2015 9:34pm Apr 12, 2015 9:34pm
40.3 billion
If you are new to Forex? Say Goodbye to your account!!
  • #980,200
  • Apr 12, 2015 9:41pm Apr 12, 2015 9:41pm
Quoting navk
{quote} 0608/0610 was short. Stop was 0620. 15 to 12. It is ok.

Gotcha, I thought you were going the other direction
Don't trade the noise
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