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Well I set my shorts for the night I'm heading to bed. I set my shorts at all the resistance levels and then for a possible 50 pip outbreak. EU made me look bad tonight lol. Oh well it's fun to short. We'll see what happens! Talk to you in the am!!!
Live2Trade!!
Looks like we're going to find out here shortly lol BOW CHICKA WOW WOW!! LOL!!!
If it blows through them I am going long on GU since I have EU short.
If EU gets up to 4955 I will short again but here is where the other three attempts stalled if you look at the 1 hour chart.
EU man making me look bad LOL :) Love Trading!!!!
Villa it gapped from that position I put on the other post. I know there are different feelings on gaps but after looking over the charts on MT4 - they get filled from many that I have seen on here. I have my first position and will wait it out.
GOOD then go to that board and post it! WRONG BOARD ROOKIE!
Come on down big boy you got junk in the trunk and ready to come down for L2T!!! Do what you need to do EU!!!!
EU is going to fill that gap at 1.4848 to 1.4852 mark this post! :)
Just took a small entry position short on EU
Right on - That sounds great - Have a great and prosperous week of trading!
pennies, I tried to program the sma's and rsi but could not get it to work correctly, sorry bud. I will keep my eyes open and if I see anything close that I can work with and switch it over for you I will.
Live2Trade!
Pennies give me about a half an hour I may be able to build a program for it and give it to you - working on it now.
There are some really great candlestick sites out there. One that used to be really well known is Candlestick Warrior. I think the guy charges now but you could learn and test to see how good your ability had become. I haven't checked any lately but there are great sites out there to test your knowledge.
Simple- I totally agree - I used one of the MT4 indicators with my setup that I already had in place and most of the time which was over 70% I would feel confident in saying, the readings of doing the opposite was a guaranteed win. I think that you are on the right track because these indicators are price driven and lag badly in some cases.
If you do you may want to take small bites very small the way this market is reacting today. This is the wackiest day I have seen yet.
I think things are getting ready to kick in gear the right way. The market doesn't look to hold.
strong what do you make of all this - currencies that should be going opposite of each other are all falling?
LOL - Yep - I am taking small nibbles at all of the fallen ones - micro lots and then will load at their bottoms and make a good month in a week or so. DIE CURRENCIES DIE MUAHAHAHAHAHAHA!!
Where are my dancing bears??? LOL!
Starting to take small positions in U/J
LOL I'm setting here laughing. I have four positions in currencies that go against each other and all are down hahaha. Can anyone say manipulation?
GM simple - Hey where do you find out your numbers on reports as they come in. I have been using the forex factory page but would like to get them a lot faster. Do you have any sources?
This is my last post of the evening, I ran out of postings, I only get 14 a day LOL. Anyway, forget that one jav, I found a much better one. Look for the one that says Pro4X pivot and put that one on there. It tells you everything and even puts the time left for the candle. I just found it this afternoon. It has the same pivots program and everything. Have a great evening everyone! Talk to you tomorrow when I get more postings LOL!!!! :)
Live2Trade!
LOL - Rookie in forex lol - I love trading man, I'm like you Jav. I hope that helps you out. Have a great day!
Live2Trade!
Yea, I think that using the weekly pivot will help to keep you in the area even in trends. I was thinking about that when I read it. I like the ADX too. I had that on the other chart behind the ones I posted on the pic.
no problem. I want to make consistent profit - Small profits adding up consistently make big accounts!
In addition to my last post jav here is what my screen looks like now. I have more options to choose from which I think helps.
Jav,
I forgot, it is packaged in with the nina indicators. I have it as TSR Daily Range calculator.
In addition here is the article that I read that really helped me move over into the way I was trading because it doesn't matter if the price is going up or down you don't care about that you care about the pivot point that it is trading around. So far I have only had 1 loss out of 8 trades. Just with micro lots of no greater than .4 I have made 70 dollars in two days. I am going to stick with it because it fits my style.
Below is the article:
http://www.investopedia.com/articles/forex/05/050505.asp
Jav - Please remember I'm still a rookie at Forex, but from being 10 years in trading - I really like the one called pivot lines RD and I also like the one that is called TSR Range - I am starting to trade in ranges rather than charts. I am finding that you can buy more than one pair (lower leverage) and make good money still. I buy at the supports and sell resistances. Those indicators work for me. I keep my chart as simple as possible. Hope that helps.
Yea, downward spiral Friday would be great!
I'm looking to see the end of the day, if these gains do not hold again today that will make two straight days of tops which will not look good on the charts. I will be riding it down.
No that is totally understandable and appreciated. I just wanted to see if you had anything but I will say that most of the stuff I have receieved has been from in here.
That works for me thanks!
Anthony
LOL right on villa!
Man simple I bought USD/CHF starter at the M line but when I saw it hesitate I sold it. I should have waited and could have made a bigger profit lol - well profit is profit!
Do you have any good books or does anyone know any good reads on trading ranges?
Thanks in advance
Live2Trade!
Right on - That sounds like a plan. I like it because when I buy several one is always moving in the right direction, so I can use that extra to buy as the other goes down and then when it turns it is an all upside ride from there. Ok that sounds good. Thanks simple and a good morning to you to day as well!
Live2Trade!
Simple - Everyone telling me you have done range trading. Man I think I really love it - So far I have had 7 complete trades and everyone was successful yielding between 100 and 20 pips. I have only been doing micro lots but I made 60 dollars live trading in the last two days. Do you have any words of wisdom with trading that way?
I like it because you can buy small lot sizes of several different pairs without having to be afraid of overleveraging.
Live2Trade
It really works pretty good so far. I just took another 47 pips today off of EJ from where I bought it this afternoon. I am up 147 pips for today. I am going to check with him though. I want to make sure to see the pros and cons. Sherri just gave some good advice too. Thanks pennies!
WOW - Right on Sherri- Thanks - I am taking very small lot sizes micro even just to check my abilities and how to work it best.
I am trying small lot buys with range trading - I did some study on it and it looks pretty interesting, workable and feasible. I did good last night with GJ I made 100 pips off the trading with it and I want to keep this going for a few weeks or months and see what the results are. I hope everyone has great success this week!