how many % of your money you let it float open trade?

Out of curiosity, how many people are making some money this week? My charts are telling me that it is ranging till next week for most pairs. How are u making good decisions to trade in this ranging market?

triangle spotted on the aud /us/jpy pair with downtrend channel on aud/us

If that is true, watch price action and trade based on "reversion to mean"..

Hello folks! Anyone from JB! Would like to have a FX gathering in JB someday Anyone interested plz pm me!

AUD breakout spotted

happy weekend to all forex traders...

for ranging market why dont u try using bollinger bands?

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Added on October 22, 2011, 12:45 pmstill in range ... will be nice if it open high next week...
the only major pair that did a break is gbpusd....
if this is the first sprinter... we'll see others following...

This post has been edited by poks: Oct 22 2011, 12:49 PM

I cut loss during ranging market, all the time ....and I am happy with it, because I am hardcore trend trader.

Thanks nice share

interesting edge boss

Does your system able to tell u if the market is ranging?

This post has been edited by Quinn: Oct 23 2011, 07:57 AM

the easiest way i draw my range...
... chikou....
the rest is just chart reading...


**if you really look back your chart.. it's resistant that caused 3 tops before being penetrated..


This post has been edited by poks: Oct 23 2011, 07:24 PM


Attached thumbnail(s)

That I know. It is easy to see when market already formed. If market was just starting forming its ranging, it is difficult to tell.

Stock market and commodities to rally tomorrow? It seems that the Eurozone leaders are close to an agreement, the market could buy on this news.

This post has been edited by eXTaTine: Oct 23 2011, 11:17 PM

Good luck guys!

36 is a prev R, watch that level


heading to 68-77 i think but 46 will be a minor hurdle



cover 36p, 46 not giving and bull lost momentum, waiting for nx setup




looking for 55 now, H4 pin bar

@scar, looked like fake and shakes for bull

got my number 55 already, moving my stop lower and see if it trigger further fall or bounce.

cover tp for 59p. @ 48 looks like bouncing.



cant resist, 21-24 will be the decider here, if it cant hold then i think will fall to 94 else bounce back to 55

out @ breakeven
watch how 55 plays out, if price remain above then long, below then short
H1 still looking bullish with 21 supporting. watch out for the dbl/triple btm.



finally out of range looking for 16 now. but must first pass 85.

got my 16 checkpoint, move stops further and see if we break daily high for 77 that i was aiming earlier. 46 could be in play again.



46 and 16 play out nicely. now expecting 2nd stab either break higher to 77 or rejection then i'll TP.

tp cover 80p. too tired to monitor the trade.

Done my public service and contribution to the forum with simple play by play to make 150+p/day. That's all boys. G9.

This post has been edited by FxPlayboy: Oct 25 2011, 01:37 AM

potential bearish sign?


another potential to add position? maybe need retracement.


1st tp 3795
2nd around 3670?

TAYOR. Good Luck trading.

Don't think the 2nd setup will materialize. Probably finished retrace and continue going up.

This post has been edited by scar_face008: Oct 24 2011, 07:33 PM

Its gonna stall any moment

Hi,

Any EA coders here? need a hand on a simple ea.