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stevewalker
stevewalker
Jul 26 2012 at 16:38
1439 posts
good luck then.

the best way if your forecasts are correct regarding to your RR ratio
walker


Mars30 posted:
..I do not even know how to explain. just see the levels of entry and exit ..
Any indicators, expert advisors,etc., I do not use.
probably just experience (5 years, real trading) ...

stevewalker
stevewalker
Jul 26 2012 at 19:01
1439 posts
if EU breaks 1.2000 down

then;

Increase your Lot size and Decrease your TP SL levels.

most of the trading account are in $ base but at MT4 1 volume is equal to 100.000 Euro😉

keep in mind.

walker

tomasv (tomasv)
Jul 26 2012 at 20:07
5 posts
Evening guys ,...so today we had a ride on mostly each currency pair. I ve closed some plenty of trades but not on targets as i have written (patience is still my weak side:) )

Today i have opened also several short positions on gold but little bit afraid of level 1600 we will see but i think that there is some kind of hidden 'power' to make this lower on the level of 1550 .

Had some trades on EUR/USD of course shorts. Primary have set the TP on 1.22500 which is aproximately 38.2% fibo retre after that i will watch this level for potencial bounce up ,... but even because of this i think that there should be some retest of 1.2000

Wish you many green pips

Lets begin from you
stevewalker
stevewalker
Jul 26 2012 at 20:11
1439 posts
I have the same problem.
early exit.



tomasv posted:
Evening guys ,...so today we had a ride on mostly each currency pair. I ve closed some plenty of trades but not on targets as i have written (patience is still my weak side:) )

Today i have opened also several short positions on gold but little bit afraid of level 1600 we will see but i think that there is some kind of hidden 'power' to make this lower on the level of 1550 .

Had some trades on EUR/USD of course shorts. Primary have set the TP on 1.22500 which is aproximately 38.2% fibo retre after that i will watch this level for potencial bounce up ,... but even because of this i think that there should be some retest of 1.2000

Wish you many green pips

stevewalker
stevewalker
Jul 26 2012 at 20:22
1439 posts
there is a little shoulder over TL
could break it down to second TL.
will wait that level to go Long




tomasv (tomasv)
Jul 26 2012 at 20:34
5 posts
Actualy yes you are right ,... but never mind. Most important is that we have positive trades.

Yes possible brake to downmove but we have now some low volume here so if there will be something like this it will be in very sloooow motion ,... we will see how next 3 1H candles will close ,...

Hope our analyzis is good we will some little move down.

Attachments:


Lets begin from you
stevewalker
stevewalker
Jul 26 2012 at 21:09
1439 posts
yes it will be slow motion and I guess we will wait until US open. due last 2 days EU open was active.
So if I am not wrong market will try to fail us with doing notjing at EU open.

on the other hand the 'Volume' you mentioned at your chart in the white circle is NOT the volume. it is a tick counter for each bar.
it shows how many times price has changed during the bar.

Basicly you can call it as Tick counter.

walker

tomasv posted:
Actualy yes you are right ,... but never mind. Most important is that we have positive trades.

Yes possible brake to downmove but we have now some low volume here so if there will be something like this it will be in very sloooow motion ,... we will see how next 3 1H candles will close ,...

Hope our analyzis is good we will some little move down.

tomasv (tomasv)
Jul 26 2012 at 21:23
5 posts
still learning new things :) thx for explanation

will update some stuff tomorow just for some more info from bloomberg:

US Equity indices

DOW JONES +1.67%
SP 500 + 1,65%
NASDAQ +1.37%
RUSSELL 1.01%

- all of them nicely positive.

EU Equity indices

BE 500 +2.51%
STOXX +4.26%
FTSE +1,36%
DAX +2.75%

- plus other european equity indexes have made today nicely moves .... so as we can see EU stronger for today ,... expecting for tomorow are maybe :

1. dead market
2. slightly continuation of a trend.

Equity Index Futures have made simular results except of bonds where the American bonds had today better results.

Lets begin from you
Mars30 (Mars30)
Jul 26 2012 at 22:44
155 posts
The market would like to profit-taking on short positions in the euro. He needed a pretext. On Monday, after a Sunday interview with the French Draghi he still was not needed. But to the environment is ripe. And the market for comments Draghi cut shorts, and the intensity of movement only reflects how the market is ready to sell the euro, which results in reduction of shorts here for such a serious and rapid rally. Of all the 'question marks' in the words of the market Draghi has chosen a hint of what is already possible on the results of the ECB meeting on August 2 will be announced the launch of the new SMP (Securities Markets Programme) - the program of buying government bonds. If this indeed be the case (left to survive until August 2), this is a really good excuse to take profits on short positions in the euro and get the best rates for new shorts. But it can not be considered a reason to make the euro could begin to fly.😄

Mars30 (Mars30)
Jul 27 2012 at 07:18
155 posts
I admit ... spike in 2360-80, m, and from there fall down...😄

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