"Just Oil"
Member Since Jan 14, 2010
2299 posts
Jun 25, 2012 at 14:07
I have 2 signals. The first cross of ema's show me direction in which i am going to look for trade. Then i am waiting for good candlestick signal on daily chart. It is trend trading method but I can get speculative if there is strong signal that trend might be over.
Jun 26, 2012 at 13:45
Somtimes I look for the Moving Averages to show me were i can expect support and resistance, but I never look for candlestick patterns, most of the time i take my trades based on simple chart drawings and speculative positions when I feel there is a strong momentum going on. But I realise I have to broaden my horizon and learn some new techniques.
Tell me: on what basis did you took the $/Yen and $/CHF long position?
Tell me: on what basis did you took the $/Yen and $/CHF long position?
Member Since Jan 14, 2010
2299 posts
Jun 26, 2012 at 16:59
Ok, both pairs had ema's cross . missed foirst entry on usd/chf, better one. waited for pull back but was not here when it happened so entered about 15-20 pips at worse price. according to EMA's it is in uptrend.
so is USD/JPY, however there was not any candlestick formation so I simply waited for it to come down to support level and show that there is interest there so I bought. also, usd/jpy made higher low on daily last week. so, by all means it is in up trend now.
I am on the verge to close gbp/usd at loss before stop. Ema's touching and if they cross against me I will close the trade. also 1.5650 is an upper boundary of resistance area created before on daily.
so is USD/JPY, however there was not any candlestick formation so I simply waited for it to come down to support level and show that there is interest there so I bought. also, usd/jpy made higher low on daily last week. so, by all means it is in up trend now.
I am on the verge to close gbp/usd at loss before stop. Ema's touching and if they cross against me I will close the trade. also 1.5650 is an upper boundary of resistance area created before on daily.
Member Since Jan 14, 2010
2299 posts
Jun 26, 2012 at 17:01
eur/jpy was a speculative trade as ema's have not crossed yet. just overall price action and break of 100.00 to downside with 100.00 serving as resistance on few attempts .
Member Since Jan 14, 2010
2299 posts
Jun 27, 2012 at 07:36
still hanging and still there. no continuation in no direction. consolidating. watching gbp/usd.
from what i see it is far less risky to trade this style than day trade.
from what i see it is far less risky to trade this style than day trade.
Member Since Jan 14, 2010
2299 posts
Jun 27, 2012 at 16:33
I use ema's 7 and 21. I am looking for crosses on daily than wait for entry signal along the cross.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 27, 2012 at 22:56
when you look at monthly chart last 2-3 years bars are extreemly big. this is giving big opp on daily charts with big pips
daily there are up/down moves that break trends when coded, but manually that can be achived as you do.
daily there are up/down moves that break trends when coded, but manually that can be achived as you do.
Member Since Jan 14, 2010
2299 posts
Jun 28, 2012 at 08:35
Today is the last day I cannot follow my trades continuously. will be leaving as usually at 5;30 a.m. EST and be back after 2:00 p.m. est. will not be able to check on what will be going as today a lot of US and other Euro news. started taking profits and moved stop on e/u to be -2-3 pips. level looks just right and above 2 previous up waves.
Member Since Jan 14, 2010
2299 posts
Jun 28, 2012 at 08:37
been approved for Oanda account and will be moving funds shortly. until then open trades on demo, after live opened and added to myfxbook will only manage already opened demo trades and all new will be opened on live accounts.
Member Since Jan 14, 2010
2299 posts
Jun 28, 2012 at 08:39
usd/jpy worries me, but I see it did not make a big move against me like other jpy pairs did and ema's have not crossed against me. if they do, I will close at loss. but might happen same as with g/u.
Member Since Jan 14, 2010
2299 posts
Jun 28, 2012 at 08:43
few more pairs look promising. waiting. especially g/j
Member Since Jan 14, 2010
2299 posts
Jun 28, 2012 at 08:46
(edited Jun 28, 2012 at 08:46)
stevewalker posted:
when you look at monthly chart last 2-3 years bars are extreemly big. this is giving big opp on daily charts with big pips
daily there are up/down moves that break trends when coded, but manually that can be achived as you do.
yeah Steve, those were most probably 2008-2010 years. there were huge trends and many could trade from just 1H and get big pips. but currently 1H is just a noise. market is in frog mode. consolidate consolidate for a long time than jump, jump.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 28, 2012 at 10:01
gbpchf one of the most active pair. fyi
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 28, 2012 at 11:14
great statistics
average win/loss pips
win ratio
keep up the good work😄
walker
average win/loss pips
win ratio
keep up the good work😄
walker
Member Since Jan 14, 2010
2299 posts
Jun 28, 2012 at 14:11
got back for few minutes and going to leave in 20 min again. decided to close usd/jpy. did not smell well and chart looks not so good. jpy is being bought against other pairs. so, is better lose small.
Member Since Jan 14, 2010
2299 posts
Jun 28, 2012 at 14:13
minosd777 posted:
Your going live already? Good luck then! I hope we can continue to follow your trades or will you close your page for public?
One question about the EMA: does it makes any difference on which timeframe you look at them?
I am obviously going to keep everything public as I am looking to reach level when i can join one of those firms of investors companies that are looking for money managers.
I am trading from daily time frame.
Member Since Jan 14, 2010
2299 posts
Jun 28, 2012 at 14:13
stevewalker posted:
great statistics
average win/loss pips
win ratio
keep up the good work😄
walker
I am trying to do my best Steve 😉
