GU i most probably will enter around 1.347

mphpopular,r you still holding yr USDJPY.what is yr target profit

i look at 9914 but seem strong support 9934

current a seller and buyer fighting , indecision

This post has been edited by r326196: Oct 9 2008, 12:39 AM

i using fib expansion ,

9914 is at 61.8 expansion
9814 is at 100% expansion and it near a support level

acutally now i following my macd histogram , b cos my

if my adx reading is more than 30, i use my trend follower ( macd )
if less than 30 , i use my stoch

This post has been edited by r326196: Oct 9 2008, 12:47 AM

yes GU seem like will break the support of 17266, i will also be watching

gd nite, 2morrow will be another profitable day

oh shit kana stop out. wll rest my day

now there no much trend or direction. better to trade on major S/R, using momentum indicator for entry or exit.

no it not bullish, if you go longer time frame it still on a downtrend. market usually will come bacl to close the gap.

use this
http://fxtrade.oanda.com/resources/fxmarkethours/

agree focus is not to go for maximum winning trade, you shld focus more on having high risk / reward ratio. if you have go for high risk /reward trade , even if you have only 30-40% winning trade, you will still have quite good profit

how many pair of currency do all of you monitor here?

last mth , i have been monitoring too many pair and found that it too confusing.Switch here, swith there, very difficult to stay focus and pin point trade setup .i go back to focus only the major 4, and i find that i actually trade better.
currently avoid USD/CHF due to too many whip saw and shadow

what yr view on EU direction?

This post has been edited by r326196: Oct 28 2008, 06:00 PM

there might be a smal reversal only on 15 min chart, now we are see higher high and higher low, if it break 15753, there we i trade on the up side provided there a retest , with a resistence 15934.


it safer to trade upside when Eu and GU both shiting up. however i see EU is more of a side way market

This post has been edited by r326196: Oct 28 2008, 07:27 PM

this is the method i learn, apply the 80/20 rule

e.g if you are risking 40 pips

first 8 lot, always close at 20pips profit(include yr spread ) = 8*2 = 160 profit
last 2 lot, let your profit run. = 160 + ( yr last 2 lot profit )

even if yr last 2 lot get stop out, you still have 80 pips profit.if it goes in yr intended direction, you will profit even more.

normek,

how do you read yr entry setup and exit. yr chart indicator has so many sto, which one do you give priority

yes lower time frame is on the uptrend.watch out the higher timeframe where are the s/r level. if u trade on the uptrend lock in smaller porfit e.g 20 pips

This post has been edited by r326196: Oct 29 2008, 03:29 PM

so this system is using stoc as OB/OS. i use sto mainly for divergence.when going to start a real acct

this is the method i learn, apply the 80/20 rule

e.g if you are risking 40 pips

first 8 lot, always close at 20pips profit(include yr spread ) = 8*2 = 160 profit
last 2 lot, let your profit run. = 160 + ( yr last 2 lot profit ), you can also move yr stop to +1, but i dont do that b cos this 2 lot is intended for bigger profit

even if yr last 2 lot get stop out, you still have 80 pips profit.if it goes in yr intended direction, you will profit even more

dont need to go for those big move, if you can have 4 sucessful trade, you can call it a day

This post has been edited by r326196: Oct 29 2008, 10:28 PM

if you are going for long term interest rate, meaing u will be hold trade for few day or even mth. however using yr method , you are setting to tight stop around 20 pips-30pips. yr stop can easily be hit by news or gap.i feel that if you going for interest, then it better trade on a higher timeframe, best is at least daily chart.
i not guru, just a small comment only,cheers

This post has been edited by r326196: Oct 29 2008, 10:47 PM