PA, S/R, ZL, EXTREMES & MOMO

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rob_deniro
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Postby rob_deniro » Wed Mar 09, 2011 10:24 am

newscalper wrote:For those needing US dollar index you can get free MT4 data from Alpari Russia. EU is usually going to mirror the index as it makes the largest % of it up, it's a good way of seeing the money flow for all $ pairs.


can you view it as a chart in mt4? i'm using Alpari uk for charting but it doesn't have it... i have a $index ma indicator for mt4 but a chart would be better...

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FXfreak
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Postby FXfreak » Wed Mar 09, 2011 10:32 am

i'm still long. i try mo's idea to use the profits for a larger sl.

when i analyzed my trades i came to the conclusion that my account got killed by all the small losers.

at the beginning of euro-session i was sure price would move up. right now euro looks a bit weaker. we have another support at 35/25. if this support breaks: GOOD NIGHT EURO!

karol, if you look at the picture you see wicks supporting longs. as long as we don't get a close below that area everything is fine ;-)

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karol
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Postby karol » Wed Mar 09, 2011 10:46 am

FXfreak wrote:you are in the middle of nowhere again.

i think long is the correct long-term direction but your entry was near resistance. long possibilities would be near 77 and 66. the more distance you have from these levels the more risk comes into play.


This time I disagree :)

It was a legitimate (according to my principles) trade off of a momo. The fact that resistance is near has been included in my plan to manage this trade. See the picture below. If I was still long I'd be read to close immediately after price closes below any of the yellow lines


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karol
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Postby karol » Wed Mar 09, 2011 10:50 am

Seeing the most recent 15m close, I'll be looking to re-enter long around 3878..

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newscalper
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Postby newscalper » Wed Mar 09, 2011 10:56 am

Yes you can view it as a chart in MT4 - you need to have an account with the Russian one. It's not on the UK one. The symbol is _dxy. don't use it for scalping as (I think) the feed may be delayed by 15 minutes but it's another string in the bow for larger s/d areas.


I'm still waiting for the GJ short. The spikes up are telling us something maybe.

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Postby rob_deniro » Wed Mar 09, 2011 11:19 am

will check it out thanks :)

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newscalper
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Postby newscalper » Wed Mar 09, 2011 12:03 pm

Still nothing happening making me want to enter GJ. All in the waiting.

FXfreak
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Postby FXfreak » Wed Mar 09, 2011 12:18 pm

Took profit at 40. Sell at 38. I hope to see a retracement. I have no take profit yet. yiihaaa :D

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----------------------
EDIT

out +15

56 + 15 = 71 pips for today!

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newscalper
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Postby newscalper » Wed Mar 09, 2011 12:46 pm

Now in GJ, larger stop 24 as PA is pretty spike. Charts to follow. Same S/R as the last trade. Entry on 15 min TF

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Last edited by newscalper on Wed Mar 09, 2011 12:53 pm, edited 1 time in total.

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es/pip
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Postby es/pip » Wed Mar 09, 2011 12:50 pm

yeah humble those lines look good

nice trades fxfreak

i missed that eu long off the bottom bec i was sleeping but that was a nice one

didnt take that eu short you took, but took the pound short off the same area for 20

only trade so far
Bend over and assume the position for another 4 years of hope and change.

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