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 FOREX TRADING HQ VER 4, Speculators, scalpers and traders wanted

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r326196
post Oct 30 2008, 03:41 PM

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i feel EU is hitting resistence.the upside will be quite limited for time being.look at the 4 hrly chart, it hitting 78.6 resistence, it also hit a trendline at that level.

[img=http://img401.imageshack.us/img401/2462/eufq5.th.gif]

This post has been edited by r326196: Oct 30 2008, 04:08 PM
r326196
post Oct 30 2008, 05:19 PM

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QUOTE(mphpopular @ Oct 30 2008, 05:03 PM)
GU

Added on October 30, 2008, 5:07 pmShorted EU at 1.3133 TP for channel lower line 1.3078. SL 40pips. SL will be adjusted to +1 when +20pips
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me also shorted EU, already lock in 25 pips profit, next 2 lot let it run for profit TP : 13019

This post has been edited by r326196: Oct 30 2008, 05:20 PM
r326196
post Oct 30 2008, 06:16 PM

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QUOTE(mphpopular @ Oct 30 2008, 05:20 PM)
EJ H1

Added on October 30, 2008, 5:29 pmEURCAD anyone looking at it? Now I cant find any point of TP in EURCAD for short. Anyone would like to comment abit?

Added on October 30, 2008, 5:33 pmEU closed at TP.
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got thinking of long EU?
r326196
post Oct 30 2008, 07:45 PM

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QUOTE(mphpopular @ Oct 30 2008, 07:38 PM)
For so many pattern. I guess DOuble TOp is the most easy spotted one and most easy to trade with. I prefer to trade Double TOP.

Flag breakout always have too many of false breakout.

Head and shoulder require many experience to spotted it.
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for flag, i feel it better to go to a higher timeframe e.g 4hr , loow for S/R. than go to a lower timeframe e.g 15min, usually will see lot of flag b cos price usual stall at that level. then trade with the 4 hourly trend


something for metratrader user, when you draw a line by default it will draw a endless line. if you want to draw only a short line , then

1) first draw a line , go to the properities, then uncheck the " ray"

2) if you want the properities to appear everytime you draw a fibo or line , easy for you to chg colour , then go to

---> Tools ----> option -----> objects ----> check the first and third box

This post has been edited by r326196: Oct 30 2008, 07:50 PM
r326196
post Oct 30 2008, 09:42 PM

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QUOTE(dreams_achiever @ Oct 30 2008, 08:32 PM)
Today i just noticed that ODL-Metatrader spread for EJ is at 3pips(almost consistent).
But for FXCM and Oanda demo trade, both is around 6-8pips spread.
Which one is accurate leh? Is 6-8pips spread is real compared to mt4 which is only 3pips spread?

About parabolic indicator: i will double check whether signal given by parabolic is with CCI, Accelerator Oscillator and Stoch first.
Priority will given to Stoch, CCI and AO first. Coz i seldom use this parabolic. Maybe will try later biggrin.gif
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actually i also notice ODL spread many time quite constant 3pip wherea FXCM can go up to 6-8 pips.I also dont know why
r326196
post Oct 30 2008, 10:35 PM

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QUOTE(mphpopular @ Oct 30 2008, 10:22 PM)
This few day I wont trade much on pairs. I only trade EU this few day.

Bcoz I currently really cant see any point in my charts. All the TA is not valid for me now. No TL is seems to be correct, no chart pattern and so on. So I only trade EU as a scalper.

SImple rules for me, using SL 10, when pips goes to +15 then I change SL to +1. ThenI let it goes. In one day, I have more than 20 trade where closed with +1. But if I'm lucky like today, I closed with some trades with +50pips. Juz now EU move downward which give me a +51pips. Quite happy with it....

Trading with free of indicators now, I dont think it is really suitable. TOo risky.

Added on October 30, 2008, 10:25 pmBesides, if the market condition still carry on this way. I might give up EJ and GJ awhile, and only concentrate on EU GU. No point for me to trade such volatile pair when I see no profit for me in my own system.
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yes EU / GU easier to trade. now i am trading on the down side.
r326196
post Nov 4 2008, 08:49 PM

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[quote=kelvin_tan,Nov 4 2008, 08:40 PM]
when is this bull run coming to an end ?

Added on November 4, 2008, 8:40 pm@mph
any clues on your chart? i'm lost here.. this volatility is simply nuts..

[img=http://img136.imageshack.us/img136/5540/eurusdav7.th.gif]


where do you shorted? i saw on the below 4 hourly chart it near the 78.6, so might have some support over that level.

i might short EU if the top 4 hourly chart hit at least above 50% level

This post has been edited by r326196: Nov 4 2008, 08:56 PM
r326196
post Nov 4 2008, 09:33 PM

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QUOTE(kelvin_tan @ Nov 4 2008, 09:31 PM)
@casanova
plz post a chart or something. or at least tell us why short EJ and UJ ?
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i feel not the time to short yet, short around 78.6 level at 4 hourly chart is safer
if you More aggressive then 12896 might be another level, b cause it hitting resistence level

This post has been edited by r326196: Nov 4 2008, 09:34 PM
r326196
post Nov 4 2008, 09:50 PM

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QUOTE(kelvin_tan @ Nov 4 2008, 09:36 PM)
what point is 78.6 on 4 hour chart? everyone draws fibo differently ><
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i agree everybody draw fibo at different level also for trendline. i just want to stack the odd on my side when i pull the trigger.
anyway now who already shorted EU?
r326196
post Dec 9 2008, 12:47 PM

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QUOTE(mphpopular @ Dec 9 2008, 12:22 PM)
What does this meant to u?
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red clolour showing negative divergence
yellow show positive divergence.
if go to 1 hourly chart, there a failure in swing high. go to teven upper timeframe 4 hrly to get general feel , i personally think it more on the downside/


what does it mean to you?

This post has been edited by r326196: Dec 9 2008, 12:49 PM
r326196
post Dec 11 2008, 01:47 PM

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QUOTE(kelvin_tan @ Dec 11 2008, 10:57 AM)
morning peeps.. my short on EU still active even though overnight biggrin.gif but still negative zone sad.gif
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2
just now got a sudden movement up.what is yr entry price and stop price. i enter at 1.3060 SL@1.3137
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