mphpopular: Bro, when u draw your trend lines, how far back do you go and what sort of time frames do u look at? Ur charts make things look clear...Maybe i ought to start using white backgrounds too

I go level by level, from Hour 4 go up to Weekly. Then from Hour 1 go down to m15.

Besides, I zoom out at the max first, and slowly zoom in to see things clearer.

EDIT:
GU DT channel? But at least for sure is, the upper line is the DT trendline.

This post has been edited by mphpopular: Oct 15 2008, 03:02 PM


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DOuble TOp GJ? m15


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EJ which chanel to follow?


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entered wrong timing again..holding -ve pips.. hopefully it will turn around.. short EU before pivot due to going out.. grrrr !!!!

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Added on October 15, 2008, 4:56 pmto those that wanna make or break ur account.. tonight will be the night with 3 high impact and 2 medium impact news on USD coming out at 8.30pm tonight

This post has been edited by kelvin_tan: Oct 15 2008, 04:56 PM

awww. mayb miss chance to sell. later mayb EU gonna break. here raining with thunder.

I still decide not to trade, I see no trend. I wont trade much when I have no biased on my brain. LOL..... Juz let's see how the days goes.

EU H4


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kelver wat engineer u are?

hi guys... may i know what is the average % return per month from trading forex?...

kevler made 3330% in 3 days..

wow... he must hv the nerve made of steel..... 3330% can become the best trader in the world... congrats! warren buffet only managed 20-30% per yr...

With a good understanding of price action, nerves of steel (sheer careless abandon) and a violently gyrating pair like GJ, anybody can hit 3330% in 3 days hahahaha...(cynism fails me )

lol..he went ALL in... he understood the price direction and it paid off well

Thats true, and I'm starting to find that its a rather scary thing . Speaking of price action, any of you familiar with James16 from ForexFactory.com? I've just started reading up his thread on price action n its quite interesting (and long!).

He documents potential entries on the thread, along with commentaries and an explanation of the chart formations. While Western bar chart style analysis is not exactly my cup of tea, I've realized that candlestick charting shares a lot of similarities in terms of signals, and its worth checking out the thread. Anyways, just thought I'd share that.

_____________________________________________________________________________________________________________

This is the location of the thread.

This post has been edited by pleasuresaurus: Oct 16 2008, 02:55 PM

shorted gu..

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Added on October 16, 2008, 1:56 pmanyone have a good forex url to refer?

This post has been edited by freakinfellow: Oct 16 2008, 01:56 PM

EU m15

Short at 1.3465 CLOSED 1.3428. FInally Saw some effective TL and pattern and give me encourage to place a trade.

This post has been edited by mphpopular: Oct 16 2008, 06:04 PM


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GU H1


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nice mph.. i'm struggling.. this week has been.. my profit from 90 usd become 30 my trades if it hits target (usually if it doesn't) earns me roughly 20-25 >< 3 bad trades.. now using slightly bigger lots n being very very cautious with it.. once positive SL +1 and let it flow..

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Added on October 16, 2008, 6:19 pmheh mph i noticed we had similar trades.. i'm short EU at 1.34626 and currently still in position.. SL to +4.5 and closed 888 units from my 3888 units to get a small profit..

This post has been edited by kelvin_tan: Oct 16 2008, 06:19 PM

EJ

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Added on October 16, 2008, 6:31 pmThis week I not really dare to trade much, mostly I only see, Coz I'm that kind who dare to top short / bottom fishing, but if you do that, this week, you might get a big profit jor...

So I trade very carefully, today only I have the mood back and sit down and slowly see my charts. I guess you did also found out I change my background color to a more easier view..

This post has been edited by mphpopular: Oct 16 2008, 06:31 PM


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