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EURUSD

  • #1,016,781
  • Aug 6, 2015 9:03am Aug 6, 2015 9:03am
Hope nobody from the basement would come out to talk some shit and make USD strong
  • #1,016,782
  • Aug 6, 2015 9:08am Aug 6, 2015 9:08am
Reversed L there, closed half now, rest at BE +1, done for today.
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  • #1,016,783
  • Aug 6, 2015 9:09am Aug 6, 2015 9:09am
Quoting Rockerzeus
{quote} {quote} 32 Bit or 64 Bit? I did 32 bit update it worked well. But I did not try 64 bit machine yet because its my main pc where I trade.

Mine was a 64Bit Intel I7. All the trouble was to download new Nvidia Driver for my Graphic card . Everything else runs smooth, . In MT4 only the saved password for account is missing, so just need to reenter the password, account number still exist.
Biggest Mistake ? Over Leverage
  • #1,016,784
  • Aug 6, 2015 9:18am Aug 6, 2015 9:18am
who is longing UJ ?
  • #1,016,785
  • Aug 6, 2015 9:19am Aug 6, 2015 9:19am
Quoting MaxDoom
{quote} reversed long where ?
Long from 879 to Short at 919
  • #1,016,786
  • Aug 6, 2015 9:27am Aug 6, 2015 9:27am
Quoting MaxDoom
upside levels to be considered.... {image}

I agree with your trail stop of EU 100%. Althought you have a pending order there (trail stop) I would only take profit if on any tf under 5m the price closes under the yellow line of my chart! None the less very good guess on the support level, and now you are minting very nicely assuming your account is live! +1 MaxDoom

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  • #1,016,787
  • Aug 6, 2015 9:33am Aug 6, 2015 9:33am
Quoting PaulAdrian
{quote} I agree with your trail stop of EU 100%. Althought you have a pending order there (trail stop) I would only take profit if on any tf under 5m the price closes under the yellow line of my chart! None the less very good guess on the support level, and now you are minting very nicely assuming your account is live! +1 MaxDoom {image}
each to their own system eh I trade reasonable volumes so I keep my stops tighter than some might which I can normally afford to do because my entries are generally at the right place. My stop is now just below the 1.0904 test. I am too old for demo
  • #1,016,788
  • Aug 6, 2015 9:41am Aug 6, 2015 9:41am
Quoting MaxDoom
{quote} each to their own system eh I trade reasonable volumes so I keep my stops tighter than some might which I can normally afford to do because my entries are generally at the right place. My stop is now just below the 1.0904 test. I am too old for demo
None the less EXCELLENT entry! and even better money management! I will be keeping a keen eye on you sir! +1
  • #1,016,789
  • Aug 6, 2015 9:42am Aug 6, 2015 9:42am
EU about to break up high?
  • #1,016,790
  • Aug 6, 2015 9:49am Aug 6, 2015 9:49am
It will break when the sun and moon are aligned .........

Pls don't ask how I know
  • #1,016,791
  • Aug 6, 2015 9:53am Aug 6, 2015 9:53am
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Set your pendings
  • #1,016,792
  • Aug 6, 2015 9:55am Aug 6, 2015 9:55am
Quoting gatorinla
{quote} add 76.4 %.. its just as important as any of the others. pull it any direction, the goal is to make money. do whatever works.. 76.4 works as well
There seems to be a tendency amongst many fib traders to use the 78.6% (square root of 0.618) level instead of the 76.4% (mirror of 23.6%),
as it has shown though analysis to be more significant/stronger. I checked both and indeed it seems to be more consistent.
  • #1,016,793
  • Edited 10:12am Aug 6, 2015 9:55am | Edited 10:12am
http://www.forexfactory.com/showthre...=8420807#reply
http://www.forexfactory.com/showthre...=8420816#reply


http://www.forexfactory.com/showthre...=8420836#reply

thanks for the feedback fellas! it is greatly appreciated.
i was able to catch 10pips on g/u right before it dropped.

Does anyone have any open shorts on u/c or still waiting?
  • #1,016,794
  • Aug 6, 2015 10:00am Aug 6, 2015 10:00am
Quoting uksnowman
{image} Set your pendings
Thanks for the ultimate tip...
Computation algo: (37+13+48)/3 - 29 == 3.67
Therefore set pending as follow:-
Sellstop at 3.67 pips below 1.0808
TP 48 pips below entry
SL 37 pips above entry
BE when price is 13 pips in profit.
When in doubt, HEDGE
  • #1,016,795
  • Aug 6, 2015 10:03am Aug 6, 2015 10:03am
Quoting ffleo
{quote} it is because folks draw the fibo retarcement the wrong way. 76.4 is never a fibo number. fibo is all about the number 1.618, division and multiplication. If you have a full scale of 1, then 1 divided by 1.618 gives you 0.618. 0.618 divided by 1.618 gives you 0.382 how about the scale above 1? you get 1x1.618 = 1.618. then how to get the number in the middle? you have sqrt (1 x 1.618 ) = 1.272. how to get the number still in the middle? you have sqrt ( 1 x 1.272) = 1.128. I can derive all the fibo numbers for you. I have several posts before...
your math skills are a good thing. we are here to make money. they both are not necessarily the same thing. if you want to trade a pullback, the further it pulls back. the larger the profit pool and the less the risk. the same on tp smaller amounts before target. 76.4 works well in the way we trade.. 25% (23.6) and 75% are with them.. 76.4 for you, is 23.6 to the predicted targets bounce. so from 0 to 100 they are interchangeable.. we are using predictions of future based on past.. not real moves that have already happened. it stops many times in the middle, retraces and regroup.. between these it does the same at 1/4 marks many times..
those who can, do. those who cant, talk about those who can
  • #1,016,796
  • Aug 6, 2015 10:22am Aug 6, 2015 10:22am
looks like it is going to pop, offers are getting chewed through bids are building.
this is a futures board and is about 6 pips higher currently than spot
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  • #1,016,797
  • Aug 6, 2015 10:23am Aug 6, 2015 10:23am
Such intense action at 1.092, looks like rising wedge, bears incomming.
  • #1,016,798
  • Aug 6, 2015 10:29am Aug 6, 2015 10:29am
Quoting Tom_D_Trader
Look SaP. heading 2085 lows for third time.
Already running could pull. Oil also. heading critical levels though.
"I know one thing, that I know nothing." Sokrates
  • #1,016,799
  • Aug 6, 2015 10:35am Aug 6, 2015 10:35am
Quoting gatorinla
{quote} your math skills are a good thing. we are here to make money. they both are not necessarily the same thing. if you want to trade a pullback, the further it pulls back. the larger the profit pool and the less the risk. the same on tp smaller amounts before target. 76.4 works well in the way we trade.. 25% (23.6) and 75% are with them.. 76.4 for you, is 23.6 to the predicted targets bounce. so from 0 to 100 they are interchangeable.. we are using predictions of future based on past.. not real moves that have already happened. it stops many...

I would agree with Gatorinla 100%. Here is the reason why.....

If we simply look at a high and low, especially those on a lower TF, and you only have say the 0.0 and 100.00 fib if you take wagers inside of that 100.00 fib level zone 0.0 - 100 and you use 23.6 then you SHOULD use 76.4 as 23.6 is exactly 23.6 levels away from 0.0 as 76.4 is exactly 23.6 fib levels away from the 100.00 fib level On the outer end of the 0.0 to 100.00 level you should use 123.6 and -23.6 If you do so, you'll notice MOST of your wicks occur at those levels.... ESPECIALLY on engulf and runs WHICH is what most of us trade.

I use FIBs to enter on my engulf and runs, and I believe the 11.8 and -11.8 is much more accurate then that of 123.6 and -123.6 Yet, if one simply look at ENGULFs and runs they almost always live a wick that KISSES right off of either fib and then the mini breakout begins!

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  • #1,016,800
  • Aug 6, 2015 10:38am Aug 6, 2015 10:38am
Quoting arawak
{quote} There seems to be a tendency amongst many fib traders to use the 78.6% (square root of 0.618) level instead of the 76.4% (mirror of 23.6%), as it has shown though analysis to be more significant/stronger. I checked both and indeed it seems to be more consistent.
i use 50% a lot.. the more quality trades are at 75% 76.4 ish .. many less trades would be taken.. but from here my stops compared to reward is about 1 to 8.. realistically closer to 1 to 7.. because of spread. when done with trend direction in mind its further.
those who can, do. those who cant, talk about those who can
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