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the redlion replied Feb 21, 2011im not sitting on the sidelines, i just follow the price, but im careful of the trecherous terrain
EURUSD
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the redlion replied Feb 21, 2011while im making profits on the eur/usd i might as well cash in on the usd/jpy, seems like its acting accordingly now i'll send in some scouts buy 1 lot
EURUSD
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the redlion replied Feb 21, 2011imaginary lines drawn on a chart that the actual price knows nothing about. its helpful to confirm: 1- price is indeed moving down once it breaks them 2- according to past data historically the price usually has tendency to revert upwards around ...
EURUSD
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the redlion replied Feb 21, 2011i dont think the price knows there are tredlines. price is moving down, thats all i see, price is stalling might bounce then ill short the top of that. that simple.
EURUSD
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the redlion replied Feb 21, 2011something strage going on..........all correlated pairs both euro and usd are losing ground. price is stalling maybe taking a breather or will find an impulse way up before continuation
EURUSD
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the redlion replied Feb 21, 2011s placed entry 1 at 1.36700 1 lot , second entry 5 lots 1.36240
EURUSD
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the redlion replied Feb 21, 2011this is a great thread, and thanks long... (naked lady) lol, i cant write out your username sorry i forgot longhsww? and FTI thank you, your methods make a lot of sense to me, i have a question. i usually like to use Pivot points and whole numbers ...
Technical Analysis Fallacy
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the redlion replied Feb 20, 2011LAST YEARS HIGH was 1.42808, dont believe the euro will sky roket that way, might ultimately hit that target but im sure at 1.40 we'll see some retracement
EURUSD
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the redlion replied Feb 20, 2011it should be interesting to watch, i am bullish at this point. but we have interesting price levels coming up. url url 1.37350 being one of the mid point monthly pivot at last high resistance. judging but previous 4hr candle price continues to ...
EURUSD
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food for thought
Started Feb 20, 2011|Trading Discussion|4 replies
i have read a lot of people bashing other traders if they use indicators, fibs, or other kind ...
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the redlion replied Feb 19, 2011indicators are great, actually. you just have to dig around and see what their idicating as far as forex slow stochastic goes, i like my setting at 5.5,3,3 and my macd at 5.5,22,9 here is the reason: what exactly are they mesuring? overbought/over ...
Stochastics Settings
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the redlion replied Feb 19, 2011i dont know if its just me but in forex the stop loss needs to be a lot looser. for example if you place a stop loss below support area, or at a good place that goes according to risk reward ratio. most likely the market if you are trading daily ...
Let's talk money management
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the redlion replied Feb 19, 2011if its not too much to ask. im ignorant of the theory you employ but sounds interesting, what is murrey math, i will look it up online and try to learn it but would you care to clarify if i have questions. i want to learn the more tools the better
EURUSD
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the redlion replied Feb 19, 2011i've been going over charts and i coming up with strategies for the week. opening tomorrow, key levels to watch for will be 1.3650= daily centra pivot point and sma 20 mid bollinger band, i believe price will retrace to this are before moving ...
EURUSD
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the redlion replied Feb 18, 2011nah man, i like my style makes it fun, you even said what im saying it all comes down to the same crap.
EURUSD
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the redlion replied Feb 18, 2011jesse livermore, read anything this guy says, he is my inspiration keeps it simple, looks at the overall condition of the market, and scaling in a trade is a fabulous idea, put in your initial risk capital, if you are right, youll have a chance to ...
10,000 hours to greatness and the Mastery Asymptote
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the redlion replied Feb 18, 2011trade what you will in real life. i rather trade, and try not to lose 1000 for now trading 5 lots, in a 100 pip move i make about 60 bucks or so.
Let's talk money management
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the redlion replied Feb 18, 2011its facinating how we all have our theories, elliot wave, although i have read about it i am not that much aware of it i just know that theres is 1 impulse, 2 pull back (great long opportunity) 3 wave (should be greater than 1+2, and fourth ...
EURUSD