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- randomperson replied Jul 23, 2010
it just means i zoom in on a pivot (i.e. shorter timeframe) and often get a r:r of around 1:10-1:20. Sometimes waiting for something clear can take a while. That is why I was ranting a bit... No, I haven't been trading forex too long, just other ...
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- randomperson replied Jul 23, 2010
Yea...this is the pain I've learned with forex compared to futures. If the ES, for example, hits a key area, it may dabble around for a bit until close (4 pm est) and even continue that crap the next morning. But in the globex (overnight) session, ...
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- randomperson replied Jul 23, 2010
interesting thread, tony. Personally I use 5-sec to occasionally get tighter entries at s/r spots for quite some time. I do see the benefit of trading open's/news items with your momentum technique, however. I hope those following understand that ...
Central Banks & Big Players
- randomperson replied Jul 22, 2010
I think you may be overcomplicating it, but I'm going to stand on the sidelines and see what you two come up with
Trend Trading All PairsPersonally I believe there are two types of pivots: One that has been tested relatively recently from both sides, and one that ...
- randomperson replied Jul 22, 2010
I don't know who hector is, but I can tell you that stop runs occur on all timeframes, and occur more often on the lower ones as it is easier for the big boys to push price around. You may have a perfectly good looking trade, and then it pushes ...
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- randomperson replied Jul 22, 2010
Thanks custos. will have a look today or tomorrow. Sorry been busy with personal stuff. Anyone with some nice setups forming?
Trend Trading All Pairs
- randomperson replied Jul 20, 2010
Hi custos, thanks for your idea. i'm still a bit unclear about how you determine your range, as I see multiple levels there. when you get a chance, i'd appreciate it if you could throw on some more examples with why you chose those levels. once i ...
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- randomperson replied Jul 19, 2010
reading price charts bar-by-bar...good book on p.a. just thought i'd suggest it.
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- randomperson replied Jul 16, 2010
look further back and you will see we are at a level of resistance that has TL confluence. Yet I wouldnt be surprised if this didnt hold. tsk tsk for those macd's, you know better
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- randomperson replied Jul 15, 2010
oof...messed up another trade today. summer > me this week lol. how'd you guys end up this week?
Trend Trading All Pairs
- randomperson replied Jul 15, 2010
pulling up an hourly chart, i see a lot of support below. would personally prefer it long for better r:r. still sideways though, with momentum being a tad on the downside for now.
Trend Trading All Pairs
- randomperson replied Jul 15, 2010
definitely a level there on your chart, albeit hard to pin exactly. market died ahead of news here. eurusd has confluence for a counter-trend short, but i'm not going to take it. missed a short of usdjpy but if 88 flips i'm in. eurgbp in a sideways ...
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- randomperson replied Jul 13, 2010
sorry didnt have my charts up. zooming out to 240, it'd be a good short if you missed the original 8403-area entry. has the potential to go to 8200-area.
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- randomperson replied Jul 13, 2010
the momentum against that pivot isnt too favorable, as well as possible reward
Trend Trading All Pairsif it does react, going to see possibilities for a long from .8341
- randomperson replied Jul 12, 2010
To some extent, yes. If he is zooming in on his entry, playing the 2nd test can be quite good to get in on accumulation stop-runs. I stopped doing it on forex as there is no accurate volume and tough to read sometimes, but continuously do it on ...
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- randomperson replied Jul 9, 2010
to add what custos said, make sure to learn how patterns fail. i dont use patterns now but am still aware of them. sometimes a failure can give you a heads up that a pivot is about to break.
Trend Trading All Pairs
- randomperson replied Jul 9, 2010
Sounds very situational depending on momentum. If your statistics greatly favor one aspect, then trade solely that. Otherwise, no reason to not trade both. I know some who do *big* scale-in's with big capital, and others who only play counter-trend ...
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- randomperson replied Jul 8, 2010
Nice stuff charles. I took the EURGBP one and decided to sit against the USDJPY because I prefer 'flips' past the range. I have the top of USDJPY range at 88.51. But if you take it, at least momentum is on your side.
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- randomperson replied Jul 7, 2010
Ahh ok, I believe I understand. You are trying to find the end of the range by analyzing areas near the key level that held price or acted like a 'flip', per say. That could work well in theory - going to personally look at my past trades and see ...
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