Posts by bizWiz
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thanks milanpaukovics! glad you like it.
by the way, i've closed all of my recent positions for a bit of profit, since it didn't develop as i've expected.
i've looked at your chart, and do not see any symmetrical channels - which what i've found to be the most effective formations.
do feel free to post your charts here, i might pick up a few ideas from you also [smiley]
what the other lines? bollinger? or ma's? do you use them?
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as i've mentioned previously, i'm biased short usd. there's another setup - just sold usdjpy:
<a href='http://www.myfxbook.com/files/biz0101/67.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/67.png'/></a>
the price has retraced to a previous support (support becomes resistance) so, it should go straight down.
as a rule of thumb, i won't open more then 2 positions having a correlated symbol (usd in this case).
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by the way, the stop loss is around 100 pips, i think it's wide enough to contain the nfp release.
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ok, here's an opportunity - just entered long eurusd:
<a href='http://www.myfxbook.com/files/biz0101/66.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/66.png'/></a>
not too happy entering before the nfp, but from my experience, the price movement due to fundamental releases are just a catalyst for technical analysis.
target is the major resistance of the daily downward channel.
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been busy for the past few days, which resulted in missed opportunities...
i think the euro is slowly reversing, and the usd strength around other pairs confirms it - looking to enter long on eurusd.
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i am not easily impressed, but this time i just want to say that you guys do an incredible work here!
keep going! [smiley]
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10 to 1 leverage suggestion by the CFTC - a death to the US forex market? In Experienced Traders Feb 25 2010 at 13:11
[quote]GJim posted:
Thanks for posting that link.
I did check, and my comment is there - page 412 (of 538) of the comments posted on Jan 20th.
G'Jim c):{-
[/quote]
you've really searched for you comment among the 5000'ish comments there? must have taken you a couple of hours.. [surprise]
interesting to see such a low number of mails they've received..i would expect at least 50,000 mails..maybe they haven't published them all? or might it be that most traders don't care if this rule goes through or not?
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not much to update here - managed to get another 100 pips on the eur drop in friday, although haven't had the time to post the setup..
price is currently in a tight range with no clear direction as usually happens after strong moves.
waiting for price to resume its movement each way..
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[quote]fusionrobot posted:
I just want to share our success with FRWC http://www.forex-robot-world-cup.com
The top robots were tested 2 months on live accounts. The investor passwords were provided. The EA lab robot called Fusion bot is great too - take a look
http://www.myfxbook.com/portfolio/fusion-v-robot/18386
[/quote]
so you're the creator of the frwc? how about introducing yourself first?
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closed the recent gbpusd for +1 pip. after some more observation, it looks i haven't drawn the support/resistance levels well, so the setup is just too risky, also looks like the eurusd isn't going to stop dropping so i prefer the short side - will wait for an entry.
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