Forex trading live calls and set ups

I am thinking of closing this thread (Beachtrader voted a No)

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wackypete2 said:
"Pips on Parade"

"4X-tra pips check here"

"We pays our money and takes our chances"

"Live Calls - Cheap and easy"


Anything sound good yet?

Peter
Click to expand...

like them all....... pips on parade
its so hard to put everything in the title.
we want live calls and a place for system vendors to test their strategies
 
Balls, went long on GU following the numbers this afternoon, then sold at 50 to get out at BE, DOH!!
 
Ok I'm busting my forex cherry. I see a setup but can't even demo trade it as I haven't figured out fxcm's platform yet. That's how green I am.
Eur/Gbp one hour chart:
Pinbar bounced of resistance at .8280. Botom of pin is about .8264 if I could figure this out I would put a limit order to sell below the bottom and put a stop above the top.

Critisism and comments welcome.

Edit: -24 lol. Well there ya go.
 
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Rooster34 said:
Ok I'm busting my forex cherry. I see a setup but can't even demo trade it as I haven't figured out fxcm's platform yet. That's how green I am.
Eur/Gbp one hour chart:
Pinbar bounced of resistance at .8280. Botom of pin is about .8264 if I could figure this out I would put a limit order to sell below the bottom and put a stop above the top.

Critisism and comments welcome.
Click to expand...

So as to not edit previous post. Order would have been triggered. And i would be short now first problem I see is s/r at .82048.
 
Rooster34 said:
So as to not edit previous post. Order would have been triggered. And i would be short now first problem I see is s/r at .82048.
Click to expand...

Reasonable analysis for the initial trade, especially after 15 consecutive hourly green candles and daily trend is down. Nice entry at pullback area. Should be some support around 8220 area.

Good Luck!!

Peter
 

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wackypete2 said:
Reasonable analysis for the initial trade, especially after 15 consecutive hourly green candles and daily trend is down. Nice entry at pullback area. Should be some support around 8220 area.

Good Luck!!

Peter
Click to expand...

This is the kind of stuff I like to read. Thanks Peter. The 8220 support is that off the trendline?
Royce.

Edit: I enlarged your chart and see that would be top of the trendline, so if it approaches that area I'll move my stop down to B/E.
 
Rooster34 said:
This is the kind of stuff I like to read. Thanks Peter. The 8220 support is that off the trendline?
Royce.
Click to expand...

Yes, off the trendline (upper line from previous consolidation area). There's a good chance you could ride this down quite a bit if you want, but definately take some off if you can at or around the trendline. That should give you about 40 pips or so. Never remove or negatively adjust your stop.

Peter
 
wackypete2 said:
Yes, off the trendline (upper line from previous consolidation area). There's a good chance you could ride this down quite a bit if you want, but definately take some off if you can at or around the trendline. That should give you about 40 pips or so. Never remove or negatively adjust your stop.

Peter
Click to expand...

Thanks for the advice. I appreciate it 🙂

After I got home I started analyzing the pinbar. It formed at the top of wide channel and it was at a fibb retracement I drew. The whole trader_Dante thread really resonated with me. So I decided to paper/demo trade it along with other strategies.
 
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