Forex trading live calls and set ups

[Lord Flasheart]

im in trouble here but no value in jumping ship,I should have taken 1/2 off at 1.4009.Still its stopped on yesterdays low and the trendline still plays so still hoping. stop is 1.3888

 

[leovirgo]

just a novice here so not trading that but entry 55 stop 32

no worries. paper trading is essential.

Below is GJ from my perspective. I use simple logic- how far it is likely to move.

Q. Has it moved 1 Day ATR already? yes, it has moved 102% for the day and 190% from yerterday's low.

so, long entry there would be to test prior high. Ideally I would have long from point A.

btw, hey blancspa EU nicely going down. or is it faking?

 

[blancspa]

its sitting on a fence kinda ... I ought to be out of the premises in 2 hours and dont wanna be in when the US data comin out ... so hurry up boys lol

 

[oildaytrader]

its sitting on a fence kinda ... I ought to be out of the premises in 2 hours and dont wanna be in when the US data comin out ... so hurry up boys lol

have a peep at the weeklies

 

[blancspa]

have a peep at the weeklies

gotcha
stop moved to BE

 

[leovirgo]

What is the worst drawdown period of this system?It can be in pips or period of time.

The reason I ask this question,is traders must be prepared to survive this period/pips drawdown.Many manual traders will not have the confidence to continue to trade a system /method after a string of losses.If the approximate drawdowns are known ,traders are prepared and ready to ride them.

Previous record is 3 consecutive losses + 1 b/e, from 2nd Dec to 8th Dec.

Hard to say in terms of pips because 3 losses incurred for different pairs.

My method tends to work or suffer across the pairs on the same day. I have a system on collective2 that shadows my trades, if you want details.

 

[Lord Flasheart]

phew...yesterdays low saved me taken 1/2 off for +8 stop to -4,still could be a big move up

 

[Lord Flasheart]

stop to + 3. If this reverses and goes down after all of that time around 1.4000 it will show weakness.No point in hanging around.Worst case Ill win 10 pips. I plan to leave other 1/2 in for a ride up to at least 30 pips

 

[Lord Flasheart]

stopped out +11

 

[20 a day]

Considering a Buy at 84 or Sell at 19 OCO order on Cable for just before the figures....... not sure yet though

 

[blancspa]

out of euro for nullo
what can I say - I hit my weekly target yesterday, normally I would ve taken the +20 prolly
ok I am gone for now

 

[leovirgo]

out of euro for nullo
what can I say - I hit my weekly target yesterday, normally I would ve taken the +20 prolly
ok I am gone for now

same result +14 for my euro if it was trailed. didn't reach my initial target.

Bernanke vote is the potential 'noise' maker for today ..lol

 

[20 a day]

Considering a Buy at 84 or Sell at 19 OCO order on Cable for just before the figures....... not sure yet though

OK. Above order in but will keep a close eye before figures.
Each leg has 20 pip SL if done.

 

[leovirgo]

USD index weekly chart.. rising [for the year]

 

[20 a day]

OK. Above order in but will keep a close eye before figures.
Each leg has 20 pip SL if done.

That was a non event. LOL. Cancelled order.

 

[leovirgo]

From tomorrow onwards, I will start at 6.30am UK time. Plenty of moves to be taken at day break!

 

[trendie]

From tomorrow onwards, I will start at 6.30am UK time. Plenty of moves to be taken at day break!

be careful, you'll be buying shoes next!

(good move though, LV; London "pop" does seem to set the direction for a couple of hours, as does 1am Tokyo; erm, as does 2pm US! )

interested in your use of Dollar Index and how you use it to determine your trading.

 

[Lord Flasheart]

long at 1.3982 of same trendline ive been trading all day. usual thing low risk high reward

 

[leovirgo]

be careful, you'll be buying shoes next!

(good move though, LV; London "pop" does seem to set the direction for a couple of hours, as does 1am Tokyo; erm, as does 2pm US! )

interested in your use of Dollar Index and how you use it to determine your trading.

lol.. why not shoes?

The way I use dollar index is pretty simple. It is above 13wk MA line, so dollar is strong.. I look for dollar buying opportunity in GU,EU,UJ etc. It gives me some sense of safety, I also check it on the intradaychart to see if I am for or against dollar index bias.

Previously I posted daily USD index chart calling for dollar bullishness above 77. Hence I am selling EU everday.

 

[leovirgo]

just kicking myself for not shorting euro again at original entry..