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Profit Empire Robot (de profitrobot)
The user has made his system private.
Discussion Profit Empire Robot
Apr 16, 2014 at 14:50
(édité Apr 16, 2014 at 14:58)
Have a look at daily chart, the volume is averaging down, a clear sign of weakness, also the candles shows reversal imminent. Need to be patient, that's all, anyway, the most important sign is the volume.
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Membre depuis Dec 31, 2012
posts 97
Apr 16, 2014 at 19:07
@parlavink Agreed as well, I think PER is putting too much emphasis on profit now and not enough on RISK. This is what happens when you run successfully for 8 months, they are forgetting that all it takes is one bad trade in forex to blow up an account.
Once NY opens, it'll probably go past 1.385.
Once NY opens, it'll probably go past 1.385.
BLTW777@
Membre depuis Oct 30, 2013
posts 117
Apr 16, 2014 at 19:07
Hi
EurUsd Next Movement is Down for Target 1.3750 it can take upto Friday but target is Confirmed According to Profit Empire Robot System.
Regards
Profit Empire Robot
EurUsd Next Movement is Down for Target 1.3750 it can take upto Friday but target is Confirmed According to Profit Empire Robot System.
Regards
Profit Empire Robot
Membre depuis Dec 31, 2012
posts 97
Apr 16, 2014 at 19:08
@Ken I know what you mean, when they start getting arrogant, that's usually when it starts falling apart. Now they are saying it's risk free, right...
BLTW777@
Membre depuis Apr 16, 2014
posts 4
Apr 16, 2014 at 19:09
ovisun,
Wow, very interesting and assuring chart...
Thanks
Hawkeye
Wow, very interesting and assuring chart...
Thanks
Hawkeye
Membre depuis Feb 21, 2014
posts 16
Apr 16, 2014 at 19:09
well... like always if you want to see a specific trend you'll find it...
what I'm seeing in your chart is a clear up trend.
your volume is below the average for months based on your chart and the trend still up... and most of the time when there is a deep in the volume its followed by an upper candle not a down candle
.
on my H4 charts I see a non confirmed down trend, we broke the main H4 trend line yesterday and we just broke the H4 trend line of the day, but the EMA21 still higher than the 55
we also range between the fibo 50 and 76.4, so the current support is strong.
we have to wait for the next breakout...
what I'm seeing in your chart is a clear up trend.
your volume is below the average for months based on your chart and the trend still up... and most of the time when there is a deep in the volume its followed by an upper candle not a down candle
.
on my H4 charts I see a non confirmed down trend, we broke the main H4 trend line yesterday and we just broke the H4 trend line of the day, but the EMA21 still higher than the 55
we also range between the fibo 50 and 76.4, so the current support is strong.
we have to wait for the next breakout...
Apr 16, 2014 at 21:13
Uptrend is bullish but we closing today below the daily resistance @1.38311, next daily resistance is @1.37387 and montly @1.37098. I see that the 4h candle is closing below fib 38.2 now, it is waiting for a breakout below the 50.0 fib, if this happens then targets will hit for sure. Hope for faster action to the downside, last days its is a little ranging :/
Apr 16, 2014 at 21:14
The thing i do not understand with the PER system is why not enter trades @ 4h/daily/montly resitance if you go short if it is a good postion in combination with fib levels and chart. They seem to have they have a good system that will profit most of the times, only sometimes large DD. In my opinion if you implement these things you can decrease you DD massive! If you do not agree it is OK! Hopefully close @ targets and move on on better trades in the future.
Membre depuis May 08, 2012
posts 316
Apr 16, 2014 at 21:46
ovisun posted:
Have a look at daily chart, the volume is averaging down, a clear sign of weakness, also the candles shows reversal imminent. Need to be patient, that's all, anyway, the most important sign is the volume.
For every one that thinks its going up, there' someone that thinks its going down, or we wouldn't have a market. As I look at the big picture on your chart I see pretty consistent higher highs and higher lows on regular bi monthly intervals. The long term trend from your chart is clearly up with price putting in its uniform time bottom a couple weeks ago. it bothers me that so many of these systems do not play the longer term direction looking for entries in the direction of the trend. Instead, it appears we look for a counter trend pullback to save us from our position.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Membre depuis Jun 03, 2013
posts 79
Apr 17, 2014 at 01:47
When EA is doing good, less people would appreciate; When EA is having some hard time, there would be more people would argue or doubt about the EA.
I don't know why, because we are human as natural. However, I don't argue if this EA is doing good or bad, unless it encounter errors or malfunction. Traders should believe the vendor of EA once he/she bought it, of course had been understood well of the risk profile. Personally I suggest the vendor should explain or describe the EA profile in either their website or somewhere else, so customer can understand it well instead of taking much time to understand ourself, which arguement come into here and there. Anyway, all is just my view.
I don't know why, because we are human as natural. However, I don't argue if this EA is doing good or bad, unless it encounter errors or malfunction. Traders should believe the vendor of EA once he/she bought it, of course had been understood well of the risk profile. Personally I suggest the vendor should explain or describe the EA profile in either their website or somewhere else, so customer can understand it well instead of taking much time to understand ourself, which arguement come into here and there. Anyway, all is just my view.
Membre depuis Feb 21, 2014
posts 16
Apr 17, 2014 at 06:38
Darren2013T posted:
When EA is doing good, less people would appreciate; When EA is having some hard time, there would be more people would argue or doubt about the EA.
I don't know why, because we are human as natural. However, I don't argue if this EA is doing good or bad, unless it encounter errors or malfunction. Traders should believe the vendor of EA once he/she bought it, of course had been understood well of the risk profile. Personally I suggest the vendor should explain or describe the EA profile in either their website or somewhere else, so customer can understand it well instead of taking much time to understand ourself, which arguement come into here and there. Anyway, all is just my view.
I agree...
but did you see the common point when these discussions starts?
all these EA present a beautyfull curve... until the DD occurred. and 1 big loss is enough to kill an account.
and its when the users realize the risk of a grid system.
MyFxbook should scan the trades of the published system to push a warning on this type of EA and explaining the risk.
2 warnings here: no stop loss set and grid system...
so far away from the standard recommended risk and trade mood we can read on near all the training site (risk 2 to 3% only, close the trade if its not good you'll have another opportunity later...)
but its hard to code this :)
so a grid system simplifies the EAs by covering wrong entries.
just put a decent stop loss...
Apr 17, 2014 at 06:52
i confess up front that i do not know how reliable this information is because it is new and i am still studying it. i have posted one chart before, but I can't do it again without the creator's permission. but i will tell you that the current chart shows heavy pending sell orders directly above current price (supply) and about the same for buy orders (demand). Price is trading in a very narrow range between the two. IMHO, it will take news that is bad for EUR and/or good for USD for the pair to break to the downside, and even then, it will be lucky to break the 1.38 price point. You will be waiting a long, long, time for that to happen, and taking considerable heat along the way.
DISCLAIMER: I AM AN AMATURE. I ONLY KNOW WHAT I THINK I KNOW AND I DON'T KNOW WHAT I DON'T KNOW!!!
DISCLAIMER: I AM AN AMATURE. I ONLY KNOW WHAT I THINK I KNOW AND I DON'T KNOW WHAT I DON'T KNOW!!!
Make it, or break it!
Apr 17, 2014 at 11:36
My suggestion is accept the small loss or even a small profit while we can and try a new trade. No one is 100%. It's not only about waiting for it. It might go our way. But in the last week there has been so many other opportunities for trades we missed coz of this.
Apr 17, 2014 at 12:19
profitrobot posted:
Hi
EurUsd Next Movement is Down for Target 1.3750 it can take upto Friday but target is Confirmed According to Profit Empire Robot System.
Regards
Profit Empire Robot
The next move is down. I think euro will test 139,500. do not understand why you have not closed in profit positions. You could make more profits and then buy new positions now we have eight open positions. if you look at the graph day there is a strong up trend.
sometimes take small profits better than big losses.
Apr 17, 2014 at 14:42
my tools indicate that it will be very hard to hit 1.38 in the short term, based on the current densities of pending buy and sell orders. But i hope it does so to benefit you guys. IT ALL DEPENDS ON NEWS-DRIVEN BREAKOUTS, NOT TECHNICALS!!! I should have taken another larger position last night that would have moved my break even 50% toward a neutral exit. woulda, coulda, shoulda. INSHALLAH and best of luck to all.
I have no complaints, but I do think in my short-term observations, that there is some room for PER to tighten up the ship!
My best to all.
I have no complaints, but I do think in my short-term observations, that there is some room for PER to tighten up the ship!
My best to all.
Make it, or break it!
Apr 17, 2014 at 17:24
Mus7ii posted:
My suggestion is accept the small loss or even a small profit while we can and try a new trade. No one is 100%. It's not only about waiting for it. It might go our way. But in the last week there has been so many other opportunities for trades we missed coz of this.
brother with this approach u may never succeed in FOREX, mind it, patience and control over emotions pay off eventually 😄
