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09-30-2009, 11:01 PM
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Quote:
Originally Posted by DjLoSeR
i have 4 years in forex.. i lose money all the time.. i have a system based on ichimoku but fails all the time.. other with emas crossing... same problem.. can u please explain to me how do u do for taking 30 pips profit ?
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In the months I have been demo trading I have seen many EMA's cross with little, or almost no follow through with price action. Basing a trade plan on only EMA crosses is not very wise. EMA's should only be used as a complement to the other indicators that you are watching when you are looking for a trade setup.
I'm curious, have you tried implementing RSI, MACD, or Stochastics into any of your trade systems? If so, how did they work for you?
Last edited by Alex Denlinger; 09-30-2009 at 11:08 PM..
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09-30-2009, 11:10 PM
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i have a break below the main channel
1st target: 5900/5920
2nd target: 5820
3rd target: new lows
short term indicators headed for lower extremes - will be watching for potential bounce off of target1 or 2
any longs taken - take them near such levels with small stops....IF this is the move, it is gonna fall......no news needed!
good day all!
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DISCLAIMER: Trade at your own risk.
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10-01-2009, 12:17 AM
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Quote:
Originally Posted by fiberforlife
i have a break below the main channel
1st target: 5900/5920
2nd target: 5820
3rd target: new lows
short term indicators headed for lower extremes - will be watching for potential bounce off of target1 or 2
any longs taken - take them near such levels with small stops....IF this is the move, it is gonna fall......no news needed!
good day all!
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I had a break below my trendline as well, went short @ 5993, as I'm typing it appears to be having trouble breaking through 5950, will be interesting to see if it bounces off this level b/c this is the .500 fib retracement as well as the low from yesterday. If it does break will look to add to my position, first target will be around 5900 (resis from trend line).
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Just my $.02
Excellent Trading
Last edited by CBiii; 10-01-2009 at 12:19 AM..
Reason: incomplete thought
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10-01-2009, 12:53 AM
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indictators
to alex and djloser,
use MACD, stochastics or rsi (they are similar, so 2 might be redundant). Drawing and obeying trend lines is key.Take top down approach, multi screen (daily, h4, h1) use h1 or h4 for entries and exits, trade in direction of trend on daily chart. Read Trading for a Living by Alexander Elder.
I also look at ATR and Bollinger Bands. and I have 5,10,25,30,50,100, and 200 SMA's plotted. I use more than one chart, because all this on 1 would be a mess. Hope this helps, patience is key. Money Management is critical.
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KP FX Trader
"Trade Well Not Often"
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10-01-2009, 01:02 AM
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TO mikelgcsvd
sir, you say "To share ivigorates your soul n bring joy to God".
With all due respect, you have not shared anything more than your own alleged success and how cool you are. What does vanity and boasting bring to your soul and God?
I understand you are trading at a small level and may not be taking trading that serious. There are some here whose livelihood is made. It also satisifies the soul and brings joy to provide for self and family. Just food for thought, I dont wish to come off to hard, for intentions are difficult to assess in brief lines of text.
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KP FX Trader
"Trade Well Not Often"
Last edited by KP FX Trader; 10-01-2009 at 01:07 AM..
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10-01-2009, 01:18 AM
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Quote:
Originally Posted by KP FX Trader
sir, you say "To share ivigorates your soul n bring joy to God".
With all due respect, you have not shared anything more than your own alleged success and how cool you are. What does vanity and boasting bring to your soul and God?
I understand you are trading at a small level and may not be taking trading that serious. There are some here whose livelihood is made. It also satisifies the soul and brings joy to provide for self and family. Just food for thought, I dont wish to come off to hard, for intentions are difficult to assess in brief lines of text.
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I have decided to stop. Bu u can still see my entry at my blogspot: DAY TRADING 0,3,5,8
God bless u all |
10-01-2009, 01:21 AM
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Quote:
Originally Posted by mikelgcsdv
I got the signal from a guru in Malaysia.
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Never Believe in Guru.. Take Every Thing Give Something only Related to That Guru Gaven to You...
Many Guru Change, When The Fact Change..
Trade By Your Own, When you Have a (Slap) Of Wave. Then you understand How to Manage..
Guru....
Swimmer Die First in a Sea. But Life is About Trying and Managing
I Appreciate If you Show a New Thing that I really Dont ever Heard and havn't Seen...
cheer 
Quote:
Originally Posted by KP FX Trader
I understand you are trading at a small level and may not be taking trading that serious. There are some here whose livelihood is made. It also satisifies the soul and brings joy to provide for self and family. Just food for thought, I dont wish to come off to hard, for intentions are difficult to assess in brief lines of text.
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great Point
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Cheer VINCY
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10-01-2009, 01:21 AM
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Quote:
Originally Posted by mikelgcsdv
I have decided to stop. Bu u can still see my entry at my blogspot: DAY TRADING 0,3,5,8
God bless u all |
no need to stop - just show some type of reasoning or something?
telling someone you make 30 pips every couple hours, i am not sure how that is actually contributing to a forum context? if you are trying to advertise, then be upfront about it and just advertsise....
adios!
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10-01-2009, 01:23 AM
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Quote:
Originally Posted by DjLoSeR
i have 4 years in forex.. i lose money all the time.. i have a system based on ichimoku but fails all the time.. other with emas crossing... same problem.. can u please explain to me how do u do for taking 30 pips profit ?
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Time is not Good to trade.. many great Pro get wrong..
so Get Patients And wait..
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Cheer VINCY
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10-01-2009, 01:58 AM
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good mornig all,
1h chart - looks bearish tenkan crossed kijun and chikou is below price - kumo wall is the last support, but it is quite thin and sloping down.
4h chart - more interesting - bullish cross and chikou span at crucial point - it is rise or fall moment - should chikou penetrate the price - one more high is likely- but as you can see prevoius bullish cross took place at the top of correction and then cable fell sharply
4h chikou span reaction will be decisive in my opinion
edit: 1h candlstick - there is virtually no room up for bears - hourly close above 1.5963 will be pretty bullish and a goodbye rally at monthly pivot is so probable
many pips to all
Patryk
Last edited by fazi; 10-01-2009 at 02:25 AM..
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10-01-2009, 02:02 AM
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both fiber and cable closing in on some trendlines.....
will add to short positions @ 5890 for cable, and 4520 for fiber
a bounce from here would expose the recent highs...
be careful out there!
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10-01-2009, 02:14 AM
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just my view
for a while i am not bias for uptrend or downtrend pattern...i just take a chance how the next candle will move. bcos the price just arround my 'X' region let see.
p/s i am happy got 10-100 pips per trade- but will entry many time same direction untill my target reached.
Last edited by lovelyforex; 10-01-2009 at 02:28 AM..
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10-01-2009, 02:35 AM
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__________________
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Cheer VINCY
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10-01-2009, 02:36 AM
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Not a big fan of the uncorrelated moves between usd/eur/gbp the past hour, decided to close out at a very slim profit, will be looking to reenter a position once I see something a little more friendly.
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Just my $.02
Excellent Trading
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10-01-2009, 02:38 AM
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Quote:
Originally Posted by fiberforlife
no need to stop - just show some type of reasoning or something?
telling someone you make 30 pips every couple hours, i am not sure how that is actually contributing to a forum context? if you are trying to advertise, then be upfront about it and just advertsise....
adios!
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My guru won't tell me how he got that signal. Yes I m a forex trainer and I charge a small fee USD100 but with money back guarantee that if you follow the signal u will make net profit. Anyway his system works so far. Time will tell. So use a demo a/c n judge it. |
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