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shiko replied Jul 21, 2009Hello everybody. Is that stuff Feds taking right now is really important. I noiced volatility is rising and getting too high for my aste. some levels nearby on Eur/Jpy for example, but really too scary to take position as no idea where the market ...
No Brainer Trades
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shiko replied Jul 17, 2009This now points to the obvious, doesn't it? Take the trade and at 20 PIPs, remove 80% of your lots, move stop to breakeven to protect your profit and leave the remaining 20% in for the long run to 100 PIPs, or stop-out at break even. Modify this ...
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shiko replied Jul 17, 2009If you take profit with 20 pips, and set a static stop loss of -40 pips (and assumed that there is no spread), the winning rate is almost 90%. You can check this out yourself with the information there. If you read the posts on this thread back for ...
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shiko replied Jul 17, 2009Cause it is Friday, position is rather small. I am risking just 0.1%
I am mostly trying to manage trade properly. week was good.No Brainer Trades
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shiko replied Jul 17, 2009Yeah, that wedge formation was quite nice. I could not watch what was happening, but now as I am back. I took short position on cable after prioce broke 1.6285, then tested it from bellow and moved down again. so, I am short on Cable and I also have ...
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shiko replied Jul 15, 2009Eur/ Jpy seems busting all resistance levels. It is closing on 1.357-1.364 level. This one looks like complete non brainer. but I am having second thoughts. i shorted pair few times today but only scalped some profits but it keeps moving slowly up. ...
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shiko replied Jul 10, 2009Hey, shiko. It's a brokerage firm that intermediates for SaxoBank in Romania. I'm not trading real money yet, but hopefully, I will. They will give me an answer on the 1st of August. I wish me luck. LOL///// Wish you good luck. I also trade OPM , ...
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shiko replied Jul 10, 2009Bumasoft, what is that you are getting training from? Forex prop shop, bank , institution? It sounds good to get training. Plus being able to trade company's capital from start.
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shiko replied Jul 10, 2009I have made today 25 pips by simple scalping and will not trade again. I hate Fridays. I am not allowed to hold any positions over the weekend hence , I like to keep it short on Fridays and each month last Friday I do not trade at all. Still ...
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shiko replied Jul 10, 2009Yes, the probability is high in London, but I have no experience of trading it. Obviously, it is good time for break out strategy. BRW method as I see it should be used to detect which S/R level was broken and reversed and use it to enter in trend ...
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shiko replied Jul 10, 2009I do not trade London open, but I did notice some behavior pattern. If by Germany open price is trying to break some level, it is breaking it on London. It happens already few days in a row. Anyone noticed it?
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shiko replied Jul 10, 2009gone long GU at 1.6275///// I think the market has been trading withing this channel for so long that almost all levels have been sloshed around for too long. Nothing is reliable for now. Yesterday left 4 limit orders. 3 got filled. 1 T/P. Thanks ...
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shiko replied Jul 8, 2009Guys, by the way, in what time frame Fib retracement should be done?
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shiko replied Jul 7, 2009Phew, finally started holding myself in trade with real money. 3 trades today. 1 overnight from limit order 2 manual. all wins. 25 pips taken. Now looking for 10-12 pips per trade. will gradually increase it to 15-20 pips. It is hard to force myself ...
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shiko replied Jul 5, 2009Dingo432, thank you I am already working on it. Actually, I draw Fibs and I already see that S/R levels coincide with Fibs on the most important levels. I noticed that Fibs do not coincide pip to pip with S/R, but they are close to them, sometimes ...
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shiko replied Jul 4, 2009Guys, I use MT4 and I noticed they have Fib retracement option. I guessed , it it is downtrend, I need to set it on the highest point and then drag it into the lowest point of downtrend and visa versa with uptrend? am I right? it set retracements ...
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shiko replied Jul 4, 2009Do any fibs match up with those? Especially 50% and 61%?//// To my shame, I still do not know how to calculate, place Fibs. Where can I learn how to do it?
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shiko replied Jul 3, 2009ok, Guys, it is what I think of long and short possibilities, mostly long cause I think next week E/U gonna test those support levels. Pleas enote, I am not looking for 100 and so on pips. i am looking for 15-20 pips bounces. what do you think. are ...
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