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EUR/USD
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 13, 2012 at 22:05
i will check out 9x now ;)
im no good at coding, but happy to help if at all!!
im no good at coding, but happy to help if at all!!
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 13, 2012 at 22:10
i have to be careful on the above trade, my gut is telling me that eur tomorrow will again be bullish, not bearish
will leave it in until i go to bed (in about 3 hours)
then will look to buy on dips again.
will leave it in until i go to bed (in about 3 hours)
then will look to buy on dips again.
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 13, 2012 at 22:16
oh and to add, days like today, i double SL to account for volatile market moves, risky yes but has saved me taking losses when SL too tight for market conditions
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 13, 2012 at 22:20
FreddyFX posted:
Many times EU will seek pivot during its 24 hrs. moves, so I am actually short orientated.
pivot for daily is 1.2950? lets see where we go,
i had a target of 1.2935 as that is support
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 13, 2012 at 22:32
(edited Sep 13, 2012 at 22:36)
..
Member Since Jan 14, 2010
2279 posts
Sep 13, 2012 at 23:24
This stuff is beyond me. But it is very smart thing you are doing.
lenjive posted:
how you determine your sl.
>there is no one rule, stop loss is determined mostly on technical analysis of recent market moves paired with known support/resistance / fib lines + guesswork lol
Same for all which is the first executed order?
Or individual?
>they all start with an individual SL, for a 0.05 i try to keep it within a max of @30 pips, @ 0.02 ill push the SL to a max of 60 pips. bigger trades = tighter stop loss.
if the market moves +20 pips after the trade is placed, and market is in a trend, i will often move SL to break even instantly, when market is ranging i keep stop loss where initially placed,
if market moves further say another +30 pips, so +50 pips total i will align all SL to match each other say at +20 and adjust as i go.
TP i usually have two targets and split it between them.
for example the setup earlier looks like:
1st trade 0.05 @1.2999 [email protected] [email protected]
2nd trade 0.03 @1.2994 [email protected] [email protected]
final trade 0.02 @1.2985 [email protected] TP None
Member Since Jan 14, 2010
2279 posts
Sep 13, 2012 at 23:25
The only problem I see is that you need very volatile markets like today.
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 13, 2012 at 23:40
Chikot posted:
The only problem I see is that you need very volatile markets like today.
totally correct,
to trade when market is not volatile i "try" to scalp instead, dropping the method and concentrating on getting one trade right :)
whats hard to learn is resisting to trade when you know you shouldn't, i expected a decent pullback tonight, but looking at the charts no direction is evident yet, if anything it looks to be slowly crawling back to 1.3, i should really drop the last trades out till morning but i know i wont :)
i feel the currency is overvalued, so expecting a hard drop, that said it still feels wrong to have a sell in now, when current short term trend is bullish
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 13, 2012 at 23:48
ive just closed the 0.03 and 0.05 for a 6 pence profit, left the 0.02 in, will look when i get up,
Member Since Jan 14, 2010
2279 posts
Sep 14, 2012 at 00:07
how long have you been trading?
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 14, 2012 at 00:15
self learning for just over a year, of which 7 months was using demo, mainly was checking out an EA, but placing some manual trades too,
went live on 2 accounts since may 2012,
you?
went live on 2 accounts since may 2012,
you?
Member Since Jan 14, 2010
2279 posts
Sep 14, 2012 at 00:21
4 years but before June a year and a half was on hiatus. barely had time. work and baby.
forex_trader_73420
Member Since Apr 14, 2012
127 posts
Sep 14, 2012 at 00:25
i know that feeling got an 8 week old little boy, but as ive had operation and are of work then im allowed to play ;)
Member Since Jan 14, 2010
2279 posts
Sep 14, 2012 at 00:29
(edited Sep 14, 2012 at 00:29)
I could not trade at work and had very limited time at home only at night. Only played a bit but mostly had only time last summer when I opened my thread and traded only oil for 2 months. I have to admit my biggest progress had happened during this hiatus. Both psychological and technical.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Sep 14, 2012 at 10:14
(edited Sep 14, 2012 at 10:15)
kabummmmm!!
have a look at this daily chart
price relativly, already break that 1.3000 rezistance
walker.
have a look at this daily chart
price relativly, already break that 1.3000 rezistance
walker.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Sep 14, 2012 at 10:37
pasif learning, learning by doing nothing but just watching.
walker.
walker.
lenjive posted:
self learning for just over a year, of which 7 months was using demo, mainly was checking out an EA, but placing some manual trades too,
went live on 2 accounts since may 2012,
you?
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Sep 14, 2012 at 10:40
u use individual SL
EA trade with common SL from the very first order.
we may work on that EA in another thread to make it better.
walker.
EA trade with common SL from the very first order.
we may work on that EA in another thread to make it better.
walker.
lenjive posted:
how you determine your sl.
>there is no one rule, stop loss is determined mostly on technical analysis of recent market moves paired with known support/resistance / fib lines + guesswork lol
Same for all which is the first executed order?
Or individual?
>they all start with an individual SL, for a 0.05 i try to keep it within a max of @30 pips, @ 0.02 ill push the SL to a max of 60 pips. bigger trades = tighter stop loss.
if the market moves +20 pips after the trade is placed, and market is in a trend, i will often move SL to break even instantly, when market is ranging i keep stop loss where initially placed,
if market moves further say another +30 pips, so +50 pips total i will align all SL to match each other say at +20 and adjust as i go.
TP i usually have two targets and split it between them.
for example the setup earlier looks like:
1st trade 0.05 @1.2999 [email protected] [email protected]
2nd trade 0.03 @1.2994 [email protected] [email protected]
final trade 0.02 @1.2985 [email protected] TP None
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Sep 14, 2012 at 12:24
EU short
high of the day 1.3120
weekly consilidation strated
high of the day 1.3120
weekly consilidation strated
