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- FXexpress replied May 17, 2009
Sundays — Oh those Sundays, Right now I am jst staying out of trouble. My pending was never hit so thats good. Looking like the 4 Hr is going to try to satisfy one of the Fib levels before retracing, but who knows tonight. Price is sitting on ...
EURUSD
- FXexpress replied May 17, 2009
Gonna work — Gonna work a bit, be back later. I have a pending short at 1.3550 with my stop above the 100 SMA on the 15 Min chart. Since the SMA is slightly below the 1.3600 level, I will go above this level with my stop at 1.3610. MK
EURUSD
- FXexpress replied May 17, 2009
1 Hr chart — This chart is Bullish as of right now, however, it's the start of a new week and it's Sunday. If this was any other day I would definately say bullish to 1.3550 or somewhere in the elipse I have here. The headfake filter says long ...
EURUSD
- FXexpress replied May 17, 2009
Interesting — I just did another analysis from a Fibanocci point of view and the findings coincide with a retracement in the near future toward 1.3600. One scenario has me waiting and shorting. I will post and explain later. First things ...
EURUSD
- FXexpress replied May 17, 2009
No problem — One thing to Keep in mind when you see my charts and they look contrary to what I am saying. The reason being is because I trade the long term timeframes and scalp the smaller while the others are running. So if you see a trade ...
EURUSD
- FXexpress replied May 17, 2009
Hi Guys — Just from looking there is no gap so far but that doesn't say there won't be at the open. Since I am with FXDD the market will have been running when they come up. Without any further analysis and judging from the way the charts ...
EURUSD
- FXexpress replied May 17, 2009
Hi Guy — It isn't that tough ole buddy, however, it is when you try to use the wrong size account and get greedy. Also, 20 years in the business and 10-11 trading..... Was a copy boy and runner for a long time. And the millionaire thing was ...
EURUSD
- FXexpress replied May 16, 2009
Ok — See post #96896 ole buddy..... I got to go to work for a little while. See ya all later. MK
EURUSD
- FXexpress replied May 16, 2009
OK — I see, yes there were a couple of headfakes, however, the PA still moved far enough to get profit. When the price was above the 100 SMA I was flat and out. MK
EURUSD
- FXexpress replied May 16, 2009
Yes, However — You always look at the immediate chart just above the one you are trading and maybe even one more. Just remember, if they are contrary to eachother you may not be in the trade very long. Ok, another way to look at it. Start at ...
EURUSD
- FXexpress replied May 16, 2009
Chicky — It just depends on what time frame you are using it on. Your stop will become larger, the bigger the timeframe. If you trade the 4 Hr and the Daily like I do in the interim, then you will need at least 100 pip stops or better. MK
EURUSD
- FXexpress replied May 16, 2009
Cool — Anything I can do to help you guys when I am in here it will be a pleasure. And yes, it's a filter to help keep you out of head fakes and that was what it was originally intended to do. MK
EURUSD
- FXexpress replied May 16, 2009
Hi Guy — I move my stoploss down or up as the SMA moves. If I get in profit I may move it if I smell a retracement. Let me show you Fridays trade and how I did it. I always trade small timeframes on Friday so I can be flat over the weekend. ...
EURUSD
- FXexpress replied May 16, 2009
Agreed — Yes, good advice, and I will take it to heart. I don't like to get at odds with anyone. Everyone has their own way and shouldn't shoot down others. Thanks for reminding me. MK
EURUSD
- FXexpress replied May 16, 2009
Duh — Did you understand anything I have been saying. I said..... if the stop is to much for you , then you stay out and look for other possibilities. I have dealt with people like you before. Its people like you that get people hurt in here. ...
EURUSD
- FXexpress replied May 16, 2009
Yes — Yes, the triangle is just an example. Any strong resistance or proven resistance will work. Just make sure you have a reliable resistance area. MK
EURUSD