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- kbp replied Apr 23, 2013
There are a lot of people still use Fib I can see. Here is the attachment EU Daily Fib, notice the 23.6 level image Here is the attachment EU H1 price at the time of this post, notice how price just "pokes" this 23.6 daily fib level and cannot ...
Why do people use Fibonacci in trading?
- kbp replied Apr 23, 2013
the man has spoken... pretty much sum up longer term I'm out of EU H1 long for some pips. Will re-enter if prices goes up to 3000 target 3083, or short if break down of 2970 level... double bottoms & inside bar already.
EURUSD
- kbp replied Apr 23, 2013
me longed 2978 but SL 2960, dun want to catch falling knife... afraid it's heading to 2940...
EURUSD
- kbp replied Apr 23, 2013
about 5EMA, I think if want to use, we should set it to Shift +2 instead of Shift +3. Shift +3 is too conservative and we'll likely get late entry. ---------- p/s: EU big fall... don't know which way should I trade EU today... too scared to enter ...
Trading Made Simple
- kbp replied Apr 23, 2013
It's nice seeing everyone here got profits yesterday. Except me with a small loss dues to that reason haha. Aggressive long entry when price pulled back, then formed triple tops on H1 so I quitted with 10pips loss before the price falls.
Trading Made Simple
- kbp replied Apr 22, 2013
indecision for an hr... prepare for a jump... tighten SL... increase TP to 100pips
EURUSD
- kbp replied Apr 22, 2013
Actually.... I'm waiting for PA to show a long entry... Price is meeting strong support now, if it cannot break through and bounce back... will enter long... I trade H1 though.....
Trading Made Simple
- kbp replied Apr 21, 2013
Thanks Emmanuel7788 for your time answering my questions
Trading Made SimpleNo question at all. These are the 2 noticeable points: There are prob some lost it profits if enter on H4 candle/close especially when everyone has different H4 candles. I think the use of ...
- kbp replied Apr 21, 2013
General new starters' mistake. Anyway to OP, unless you are a professional trader up to the level where you can forecast price in long term e.g 1week+ if you hedge H1, don't do hedge because you wont be able to focus on new opportunities and hedging ...
Hedge a losing position?
- kbp replied Apr 21, 2013
Your order will execute at the price the market open. So if it will not be 98.05. It will be the market price when your broker server starts to pump data in. It will be the same to Stop Loss. I did have a stop loss over the weekend, the order was in ...
Buy Limit confusion on Metatrader 4
- kbp replied Apr 19, 2013
now it's holding at 3110 like forever it was a big shock to short term traders who lost to these spikes so no one knows what way should they trade anymore need some big boy on FF here putting some big money to start the momentum please
EURUSD
- kbp replied Apr 19, 2013
Yea speechless with Weidmann's speech... I was waiting for short entry and suddenly 1st spike happens, which was 40mins after the news time. Managed to scalp some, then the 2nd spike happens, which was 2hrs after the news time. He takes the "avoid ...
Trading Made Simple
- kbp replied Apr 19, 2013
how long does it take for President Weidmann to get to the main points in his speech? man... 2hrs already... 40mins to the first point (1st spike) 2hrs later to his second point (2nd spike) ...
EURUSD
- kbp replied Apr 19, 2013
Thanks emmanuel7788. I also plan to spend this weekend reading some forex books or watching Dean videos... email from compassfx comes everyday but dont have time to watch these new vids I'll have some questions needing your help. Some are very basic ...
Trading Made Simple
- kbp replied Apr 19, 2013
what years are we living? newspaper anyone? a news happened 40mins ago and people only know about it now?
EURUSD
- kbp replied Apr 19, 2013
Rumour Bersani instead giving a speech, has registered a new acc posting future price in a wellknown forex forum. Traders are looking for account username starting with life_... to see the forecast. p/s: 2995 is a good level actually
EURUSD
- kbp replied Apr 19, 2013
EU H1 is sleeping. If it falls to 3075 I'll short. If it goes up to 3105 I'll go long. 50-50 but with the trend = 25-75, simple as that!
EURUSD
- kbp replied Apr 19, 2013
Thanks winner for the notification. I don't really understand what that means (i.e. H4 dot changes color or H1 dot changes color if trading H1?) but don't worry. I've asked Xaphod on his thread about the tool.
Trading Made Simplefor ditching everything. I'm ...