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forex live trades, setups, charts

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Phil
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Postby Phil » Thu Aug 19, 2010 7:00 am

dojirock wrote:nice trade, phil....good work!

is that a 20range bar chart?

dojirock


No, it´s a 10 range bar chart.
Below is a 5 range bar chart i used to take a trade this morning. Actually it´s my first trade which i did ride to (almost) other side of the channel.


Please post your charts.

Enjoy your day.

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Phil
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Postby Phil » Thu Aug 19, 2010 12:45 pm

bad results...

At the time of entry, price was close to the bottom of the channel. I thought i saw an oppertunity for a countertrend but i guess i was wrong...
Perhaps i´m trying to hard to earn a bit of money and am forcing myself to trade when it´s not the right moment.

btw, this is an 5 range chart.



Enjoy your day

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flinux
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Postby flinux » Thu Aug 19, 2010 7:26 pm

Master countertrades is difficult.

--> Focus to follow the trend. <--

Sell YEN is a BAD IDEA, until the Japan Central Bank will not change interest rates.

Greetings from Diamante.
So faith, hope, love remain, these three; but the greatest of these is love. - 1 Corinthians 13:13

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Phil
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Postby Phil » Fri Aug 20, 2010 5:18 am

flinux wrote:Master countertrades is difficult.

--> Focus to follow the trend. <--

Sell YEN is a BAD IDEA, until the Japan Central Bank will not change interest rates.

Greetings from Diamante.


Yes, i´ll better follow the trend and leave countertrend for what it is until i´m comfortable with trend trading. But than i need to learn to wait and build some patience...

I used the yen cause before it moved a lot and i wanted to try the 5 range bar.

Still enjoying your holiday?

Enjoy your day.

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flinux
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Postby flinux » Fri Aug 20, 2010 12:13 pm

Yes, i'm enjoying my holidays, thank you.
EUR / JPY is typical for its strong movements, so remember to use larger stop loss and also try to look at the chart using 10 range bar.
If today you had followed the trend with EUR/JPY, you would have won a lot of money!

A hug to everyone.
I wish you all good trading ;)
So faith, hope, love remain, these three; but the greatest of these is love. - 1 Corinthians 13:13

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MightyOne
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Postby MightyOne » Fri Aug 20, 2010 5:54 pm

Phil wrote:bad results...

At the time of entry, price was close to the bottom of the channel. I thought i saw an oppertunity for a countertrend but i guess i was wrong...
Perhaps i´m trying to hard to earn a bit of money and am forcing myself to trade when it´s not the right moment.

btw, this is an 5 range chart.



Enjoy your day



If you cannot count 3 waves down then you are probably not at the bottom :wink:

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Phil
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Postby Phil » Sat Aug 21, 2010 5:38 pm

MightyOne wrote:
Phil wrote:bad results...

At the time of entry, price was close to the bottom of the channel. I thought i saw an oppertunity for a countertrend but i guess i was wrong...
Perhaps i´m trying to hard to earn a bit of money and am forcing myself to trade when it´s not the right moment.

btw, this is an 5 range chart.



Enjoy your day



If you cannot count 3 waves down then you are probably not at the bottom :wink:


Thanks MO,

but can you explain for this rookie what you mean?
Can you show a chart of what you mean?
I like any input, teach me!

Regards, Phil

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Phil
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Postby Phil » Mon Aug 23, 2010 11:15 am

in @ 1.5542...


Enjoy your day

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JESGPY
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Postby JESGPY » Mon Aug 23, 2010 5:49 pm

Phil.
What indicator do you use for range bars?

Thanks
JUAN

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Phil
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Postby Phil » Mon Aug 23, 2010 7:56 pm

JESGPY wrote:Phil.
What indicator do you use for range bars?

Thanks
JUAN


Hi Juan,

I use a free rangebar script which i posted here on this page

it´s inside the component.zip
Let me know whether this helps, or if you have any other questions.

Regards, Phil

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