Exactly. It is like in "The Last Samurai". Too many mind as Japanese was telling to Cruse might hurt

Trading EURUSD only

My MA's crossed downward, eur is being sold against many other currencies. PA is down. I am short. Do not care about EW. If trader starts using too many indications and MAs and methods he could get frozen and unable to make trading decisions. Things ...

Trading EURUSD only

I think we are going to the center of the Earth. daily weekly close too strong. how many attempts like this level can withstand? Plus eur has been up for way too long especially with good US news. Until financial cliff talks I think it is down but I ...

Trading EURUSD only

before this thread I have not posted here for a yeah and a half.

Trading EURUSD only

this is what I am aiming at. to enter trend in the moment of change, not always though. miss some.

Trading EURUSD only

my s$p500 trades on Friday around resistance level. same shit. Rocket ship on NFP news which fails to take off. kill my trade but persistence and consistence overcome resistance

Trading EURUSD only

pyramiding is what interests me the most. this is the only way plus pips to make spectacular returns. even with small hit rate pyramiding can do wonders. it is opposite to adding to losing positions. it is how fortunes have been made.

Trading EURUSD only

Register with oanda and open demo account. They open 2 hours before other brokers.

Trading EURUSD only

The best plan is to wait for s/r or TL being hit, wait for PA and only then enter trade. many break outs are false bear/bull traps like the one Friday s&p500 was which I used to go short.

Trading EURUSD only

I cannot code but my gut feeling gets better and better. shorted oil from 87.05. targeted 85.00 I was pretty sure where they were going to run it. Unfortunately, I moved stop to lock some pips before NFP news. price shot up like proverbial rocket ...

Trading EURUSD only

it all depends. when TL is clear it is one thing but when not it is a different thing. I am going to use s/r and TL's in you know what.... in one week. It works well there.

Trading EURUSD only

yes, not easy. i must have got something about EW's somewhere in my Books folder. But for me it looks like hopeless. Cannot get it. But it definitely works. a lot of things work. I cannot be into everything.

Trading EURUSD only

I had long entry on gbp/jpy which I was bitching about on Friday. The one I closed... the entry was a bounce from ema. no DD whatsoever. pin bar formed on daily and price shot up 200 pips from my entry.

Trading EURUSD only

exactly, we can use them as s/r and as a point of reference. actually in many cases we have a trouble drawing TLs and there is none... but MA's in this case can be more reliable in determining when trend is changing. this is actually one of the ...

Trading EURUSD only

Regarding EWs, I know guys who are excellent great with using EWs in their trading. i actually know one guy who has not lost a trade since February using this method. It is really a great tool for knowing when to enter and when to exit and what to ...

Trading EURUSD only

Excellent post man! I agree 99% except MA's which are not totally useless depending how to use them. I actually use them. First thing people need to understand what MA's, EMA's and so forth are. Statistical averages... I actually hope we ...

Trading EURUSD only

but they do not hedge FX bets with stocks if I am not mistaken. Also, many of them went under or are losing money. Not all of them of course.

Trading EURUSD only

I do not think it will actually hedge your bets. you would just add one more risk.

Trading EURUSD only

Frankly I am interested to add one more last position if the train is really leaving south. Overall exposure of my 3 positions is about 1% risk now and I can keep it same even with 4 positions if PA is right.

Trading EURUSD only

Yeah, for short term guys it is a bear trap aka pin bar whatever is there but longer term we will see Sunday/ Monday. BTW, Steve, what did you mean by hedging FX vs. stocks? I never ever thought of hedging even among related FX pairs. How can you ...

Trading EURUSD only