{quote} Welcome back, 101 master! Do you suggest that we should start trading euro up from now on? Thx
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I think that we might be heading down on the Euro, at least until later this month as we get close to a Greek bailout. The anticipation might keep us in a range but I would be careful because any day now Greece is highly likely to announce a deal. When we do get the bailout we might trend up for a while. The bailout is for around $10 billion dollars so it is only a matter of weeks before they spend that money. It is likely they will need another bailout in the coming months and it is then that we might head towards euro dollar parity if nothing is done.
{quote} I think that we might be heading down on the Euro, at least until later this month as we get close to a Greek bailout. The anticipation might keep us in a range but I would be careful because any day now Greece is highly likely to announce a deal. When we do get the bailout we might trend up for a while. The bailout is for around $10 billion dollars so it is only a matter of weeks before they spend that money. It is likely they will need another bailout in the coming months and it is then that we might head towards euro dollar parity if...
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Dear Masrer 101;
Thank you so much for the explanation will wait to see the possible change at the end of June, also please update us when you think the turnaround actually happens. Thx
I really like the concepts in this thread however, I am not sure how I feel about investing101's risk reward ratio. If you look at one of his analysis files you can see that his avg trade profit was $1100 and the average draw down was $5200. Is this ratio acceptable, given the win %? Thoughts?
I leave trades open without managing them. I just started using a risk/reward strategy that allows be to automatically manage the trade after placing a trade. I don't like being attached to a monitor all day so I closed any profit I saw without thinking about the risk/reward ratio.
I really like the concepts in this thread however, I am not sure how I feel about investing101's risk reward ratio. If you look at one of his analysis files you can see that his avg trade profit was $1100 and the average draw down was $5200. Is this ratio acceptable, given the win %? Thoughts?
There are two separate ideas behind supply and demand FX trading. One which is rooted in International Financial Economics ie Balance of Payments supply and demand, and the other in price action patterns on candle stick charts. Which method do you use?
Just as expected no deal=bloodbath for the Euro. Anyways I read what price is doing to time my trades and focus on big economic events that could potentially change the trend of the currency.
There are two separate ideas behind supply and demand FX trading. One which is rooted in International Financial Economics ie Balance of Payments supply and demand, and the other in price action patterns on candle stick charts. Which method do you use?
Just as expected no deal=bloodbath for the Euro. Anyways I read what price is doing to time my trades and focus on big economic events that could potentially change the trend of the currency. {quote}
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hi investing, great method..id like to ask you a quick question.
how do you avoid big drawdown when you get in a trade when the oscillators reach oversold/bought levels?
{quote} hi investing, great method..id like to ask you a quick question. how do you avoid big drawdown when you get in a trade when the oscillators reach oversold/bought levels? thx
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I also want to ask this, if i want to make only 15 pips at a time, should i stick to the 4hr+1hr+15m OR d1+4hr+15 ? thnks
Yeah as an example, Your 15 minute chart, 240 min chart, and daily are open in your screen. "I prefer to have multiple time frames up to see things live" 1. So say the the 15 minute is oversold, and the 240min/daily are still going down and not in oversold territory 2. Wait for the 15 minute chart's oscillator to reach overbought territory "pullback" and you will notice if there is any demand for the currency based on how price moves along with the oscillator. You will notice that if larger timeframes are still going down, and the oscillator in...
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Hello Investing & Everyone,
Thanks for the taking the time to explain and Investing for your generosity. I have been re-reading the thread to understand and still being a novice and not experienced like some of the members, i am in confusion, i apologize in advance for asking any newbie concepts/questions.
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My understanding is we are not supposed to take any signal that is against the monthly oscillator. In the above example, 3 Time frames are being used:
15 Minute-TF1
4 Hour-TF2
Daily-TF3
a. 15 Minute Time Frame as the Entry.
b. 4 Hour Time frame is being referenced by 15 Minute Time Frame for discrepancy.
My Questions:
Q1. What is the significance of including the 3rd Time Frame i.e. daily time frame?
Q2. Are we deriving the trend from the monthly oscillator or is the monthly oscillator direction is used to a filter out trades that are not in sync(i.e. we use a different time frame to get the trend like weekly,daily and monthly as a cross-check.)
Q3. In the above example, when 15 minute time frame is in overbought, we are comparing it 4 Hour time frame which is going down. Does the daily also have to go down simultaneously with 4 hour for us to take the trade?
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Investing & Everyone, I know you are busy and i would be grateful if could take the time to answer my queries...
I am now in on 2 trades both being long trades on the GBP/USD and EUR/USD we will see how these turn out they are both coming out of strong Demand zones from the 4HR time frame my take profit are based on the 23% fib level for the GBP/USD and the 38% fib level for the EUR/USD
