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Focusing on Overall Market Structure: alternative representations of price
Started Jan 11, 2011|Trading Discussion|0 replies
I have been mulling over the idea that if I pay more attention to the overall market structure ...
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Jungles replied Jan 11, 2011EURCAD — this isnt technically a cross, more of a scrape, not sure if that matters!? and GBPCAD, USDCAD heading down any thoughts?
Long Term Pips
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Jungles replied Jan 11, 2011Hello Brenzaj, why do you not trail your stops? to trail the SL as you know, is the popular view if you begin with a SL of 100, and you are up say +150, why not reduce it, ie., hide it behind a pivot? i have been considering leaving my stops alone, ...
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Jungles replied Jan 10, 2011EURJPY — this looks nice to me entry seems to fall on Dec 22, and taken at 5ema = short ~110.00 price has gone only as high as 110.23 since then and now sits at 107.00 back-testing i know.............but got to start at the beginning
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Jungles replied Jan 10, 2011EURUSD — Hi Brenzaj is my analysis correct? plus we have Es trending down (EG, EN, EC etc) = parallel anlysis if so, where to enter? thanks
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Jungles replied Jan 10, 2011yes, it would be nice to have an ABC recipe, but even your system will require aptitude, skill and much experience having said that, i like your style and will test some more, and come back with some questions regards
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Jungles replied Jan 10, 2011ok, i understand a "steep" cross and "separation" are my sticking points i know what they are, but each takes time to become obvious as my example shows, by the time they are apparent, i didnt get a great entry yet you got in at 7600, which is just ...
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Jungles replied Jan 10, 2011the cross becomes apparent around 24th Dec good separation becomes apparent around 30th Dec so if i say take a position at the open of the next trading day = 1.7233 then price climbs to 1.7540 after my entry
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Jungles replied Jan 10, 2011if u r up +580, then entry is ~1.7600 which is the same cross as the one i've shown, by my calcs so did you use the same cross i show, but u just got in a lot earlier than my hypothetical, true?
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Jungles replied Jan 10, 2011Hi, flicking through the weekly's I saw a nice downtrend on EURNZD. switching across to daily i see a nice cross! or dont i? entry ends up being at pink cross (once the ma cross has taken shape) = 1.7390 approx but price does go +140ish above my ...
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Jungles replied Jan 9, 2011sounds very straight forward Brenzaj: trade only in the direction of the weekly trend (daily in my case) enter/exit on steep cross, with good separation of ma's on daily (4hr in my case) set SL@100 inverse and parallel analysis adds ...
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Jungles replied Jan 9, 2011i Brenzaj, this question was asked on another thread, but still am not clear if all you care about is the ma cross, then is there any need to see the price bars? ie., could you trade without them, or do you need to see them i guess i'm trying to ...
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Jungles replied Jan 9, 2011looking forward to seeing how you trade Brenzaj, i'll be watching will you be posting live, not for the purpose of trade signals, but for educational purposes?
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Jungles replied Jan 6, 2011would like to exit GJ +20 GJ not yet taken off and with NFP looming, may very well not move until then
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