EURUSD (By PeterFM)
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EURUSD Discussion
Member Since Nov 10, 2009
4 posts
Nov 13, 2009 at 12:57
Hi Pete,
Thanks for sharing all the insight. I have only been trading for a few months now, primarily the US session. I also trend trade, but I focus more on 1min and 5min trends and often times I miss opportunities because turns after dips come and go too fast (which is why a longer trend style like yours is so interesting to me). Do you ever pay attention to other markets when analyzing your entry points? I say this because in the US session, the Equities are the primary drivers for the direction in all the markets so even if the trend on the EUR was downwards, if the S&P, Dow, Nasdaq are all pushing higher, they will bring the EUR up too.
Thanks for any help. Being new to trading your insights have really helped.
Thanks for sharing all the insight. I have only been trading for a few months now, primarily the US session. I also trend trade, but I focus more on 1min and 5min trends and often times I miss opportunities because turns after dips come and go too fast (which is why a longer trend style like yours is so interesting to me). Do you ever pay attention to other markets when analyzing your entry points? I say this because in the US session, the Equities are the primary drivers for the direction in all the markets so even if the trend on the EUR was downwards, if the S&P, Dow, Nasdaq are all pushing higher, they will bring the EUR up too.
Thanks for any help. Being new to trading your insights have really helped.
Nov 13, 2009 at 13:36
Hi, I've never watched any other markets. I'm aware that some folk base their trading on Indexes but not me. That doesn't mean it's wrong it's just that I look at my charts and base everything on those.
I used to try and get a feel for all this other stuff but I found myself second-guessing what I was planning to do. So, like everything else I've tried over the years, I consign them all to the bin.
If you think it helps you, then stick with it but I can't offer any advise as it's not part of my arsenal.
I used to try and get a feel for all this other stuff but I found myself second-guessing what I was planning to do. So, like everything else I've tried over the years, I consign them all to the bin.
If you think it helps you, then stick with it but I can't offer any advise as it's not part of my arsenal.
All I need is Support and Resistance
Nov 20, 2009 at 22:52
forex4pty posted:Thanks. It's been a bit of an uphill battle for the last two weeks. I haven't been able to study the charts like I usually do, so making more mistakes than I like.
Hi Peter,
I have follow your thread on FF and found you here by luck, I saw your results and are very impressive. continue like this my friend... very good job.
The market seems harder to read right now or is it me?😕
All I need is Support and Resistance
Member Since Oct 30, 2009
57 posts
Nov 26, 2009 at 04:56
Very impressive trading, Peter.
Thank you for sharing your methodology - that is rare! :)
All the best to you.
Thank you for sharing your methodology - that is rare! :)
All the best to you.
All things come to those who wait.
Nov 27, 2009 at 11:42
With Thanksgiving in the States and the lack of liquidity in the markets the mice have come out to play. This is typically the worst time of the year for my type of trading as it doesn't take huge amounts of money to move the market about. 🙄
We might get some order back for a couple of weeks leading up to Christmas and then I shut down until the New Year. Then we start all over again.
We might get some order back for a couple of weeks leading up to Christmas and then I shut down until the New Year. Then we start all over again.
All I need is Support and Resistance
Nov 30, 2009 at 10:42
Are you calling me a mouse? 😀
Fortunately I had my stops well out of the way on both the Euro and the Aussie and am still watching the pennies dripfeed into the accounts.
When I get to the point that I'm sticking a 50 standard lot trade in against the trend I'll be sure to let you know. If I forget to warn you I promise I'll send an apology 😈.
Fortunately I had my stops well out of the way on both the Euro and the Aussie and am still watching the pennies dripfeed into the accounts.
When I get to the point that I'm sticking a 50 standard lot trade in against the trend I'll be sure to let you know. If I forget to warn you I promise I'll send an apology 😈.
All I need is Support and Resistance
forex_trader_7
Member Since Aug 01, 2009
941 posts
Dec 05, 2009 at 00:06
Well at least NFP had some action for a change. Used to be l ike that for a few years. I saw an account once of a guy that made 3 000 000 pounds trading just NFP.
But for the last two years been a mess....
But for the last two years been a mess....
Dec 05, 2009 at 13:49
Unfortunately I took my eye completely off the ball this week. I've been so busy concentrating on the demo managed account I forgot to check all the open positions on the live account.
Needless to say.....
Ah well, I've survived worse losses and at least we can expect a decent run back up to 1.5000 - 1.6000 sometime soon. This uptrend isn't dead yet, I will need to see a series of closes below 1.4760 before I'll change my point of view.
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Needless to say.....
Ah well, I've survived worse losses and at least we can expect a decent run back up to 1.5000 - 1.6000 sometime soon. This uptrend isn't dead yet, I will need to see a series of closes below 1.4760 before I'll change my point of view.
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target='_blank'><img src= /></a>
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