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 Forex | Version 8, Foreign Exchange Market Discussion

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kelvinftg
post Dec 8 2010, 10:41 AM

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QUOTE(AllnGap @ Dec 8 2010, 09:22 AM)
From now onwards, every morning i'll post up H4 analysis of the EU GU and AU

see whether you guys see what i see or not  tongue.gif
A very beautiful elliot wave is almost finished for the EU on the daily chart. Also visible on your H4 chart heh. EU has been treating me well!
kelvinftg
post Dec 8 2010, 12:11 PM

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The thing about this particular one is that it hit Fib levels at end of wave 1 and 3! At least for the Fib that I've drawn.

My trading style is simple as well, trade the trend using Fib retracement levels as entry levels. Especially on levels with past strong support or resistances coupled with my other indicators. I love Fibonacci, it has given me lots of pip love.
kelvinftg
post Feb 6 2011, 05:47 PM

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QUOTE(kevler @ Feb 5 2011, 09:37 AM)
i have pair correlation on all pairs below

GU GJ EU EJ

in order to maintain my trading , i need to verify whether the weekly (W1) or monthly (MN1) chart on my side or against my side

if W1 chart within my side , i will need to check MN1 chart

for instance , current trade setup is long (bull)

if W1 bullish but MN1 bearish , i will close my trading and waiting for next candle movement.
if W1 bullish and MN1 bullish , i will maintain bull trading until next candle to verify next movement

if W1 bearish but MN1 bullish, i need to wait for the next candle to verify next movement , also to put more long trade to counterattack ;-)
if W1 bearish and MN1 bearish , i will close my trading and start to setup short trading

This applies to short trading too

fyi , it is all abt W1 and MN1 chart , as i'm trading with lot which equals with my money mgmt
e.g 2 dolar per pips or 1 dolar per pips

if i wanna do short-term trading (TFH1&TFH4), i will need to open chart with Elliot wave count and trendline too:-)
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No offence, but just by looking at your margin level already contradicts your trading strategy. Weekly charts and even monthly charts? With this kind of risk management? Trend or no trend, you are THAT close to your margin call. Weird that no one else is pointing this out.

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