^^

Bro, spambot is having a field day with your posts.

Gu:
I will consider selling Gu if price violate the support at 1.5444 while i will
consider buying GU if price violate the resistance at 1.5519.
Summary:
Sell Gu @ 1.5430
TP: 1.5393
SL: 1.5480

BUy Gu @ 1.5523
TP: 1.5555
SL:1.5480

EU:
I will consider selling EU if price violate 1.2649 while to the upside.
Summary:
Sell EU @ 1.2642
TP1: 1.2618
tp2: 1.2580
SL: 1.2690

GJ:
I will consider selling Gj if price violates 130.56 and sell till it gets
to 128.85.

Summary:
Sell Gj: 130.23
tp1: 129.79
tp2: 129.18
sl:131.52

JAZES:

Gu:
I will consider selling Gu if price violate the support at 1.5444 while i will
consider buying GU if price violate the resistance at 1.5519.
Summary:
Sell Gu @ 1.5430
TP: 1.5393
SL: 1.5480

BUy Gu @ 1.5523
TP: 1.5555
SL:1.5480

EU:
I will consider selling EU if price violate 1.2649 while to the upside.
Summary:
Sell EU @ 1.2642
TP1: 1.2618
tp2: 1.2580
SL: 1.2690

GJ:
I will consider selling Gj if price violates 130.56 and sell till it gets
to 128.85.

Summary:
Sell Gj: 130.23
tp1: 129.79
tp2: 129.18
sl:131.52

@JAZES, with your risk/reward ratio, it would take you five wins to make up three losses.

Respect.

@Kashif,
I agree with your theory but you will also notice that i have various take profits points that takes that into consideration. If you are looking at my first Tp you may want to say that the risk/reward ratio is not so good but most times i take my first tp and continue with the trend with half the lot size.
I love to ride the trend and that is why i really love to move with the market in the prevailing trend, if not you will find out that you keep hitting stop loss every time only for the market to reverse in your direction.
cheers

Anyone looking at EUR/USD to go long on 4hr TF?

Mikeloo:

Anyone looking at EUR/USD to go long on 4hr TF?

Please be careful with what you think you see.


@JAZES, good if it works for you. Cheers!

Mikeloo:

Anyone looking at EUR/USD to go long on 4hr TF?

Please bro, thread cautiously. Don`t buck the trend.

@Kashif, please check your mail.

Guys should be considering GJ now for a buy trade, because 1.2877 support is very likely to hold. Wish I can take another trade for today

USDCHF is very close to 8month low. Looking good for a long trade. I am very tempted Sheer test of discipline!

hi martog ,hope u got my mail.
pls whats happening to eu and gu today they are not correlated today

Kashif:

Guys should be considering GJ now for a buy trade, because 1.2877 support is very likely to hold. Wish I can take another trade for today

pls you have to watch that beast carefully, it has wild character when it pick a direction, , i am considering it

juron:

hi martog ,hope u got my mail.
pls whats happening to eu and gu today they are not correlated today

I dint get any.

Kashif:

Guys should be considering GJ now for a buy trade, because 1.2877 support is very likely to hold. Wish I can take another trade for today

Just do am small small.

I hope u guys took position on my signal today because my account was green.
GU drop 37pips
EU hits stop loss @ -48pips
GJ: hits the 2nd TP @ 105pips

Total: 94pips

JAZES:

Just do am small small.

I hope u guys took position on my signal today because my account was green.
GU drop 37pips
EU hits stop loss @ -48pips
GJ: hits the 2nd TP @ 105pips

Total: 94pips

Weldone! way to go! Who says some of us can`t make it in forex.

hi martog ,hope u got my mail.
pls whats happening to eu and gu today they are not correlated today

I observed that too o. My pending order waited in vain.

jamace:



I observed that too o. My pending order waited in vain.

That is forex 4 u,

wow! martog, i will send u another mail something went wrong[

Kashif:

Guys should be considering GJ now for a buy trade, because 1.2877 support is very likely to hold. Wish I can take another trade for today

Anybody who took this trade should be in green now. I could not; today is another day.

Sell EUR/USD @ 1.2770 and TP @ 1.2700.

Apply Money Mgt

Good luck.

I wonder when the admin or is it spam bot will stop fooling around with my posts.

Its good to be green again today, EU has been so merciful today,

Somebody should be looking to sell GU any moment from now

@kashif,
Selling GU right now can be disastrous man.
My 2cents

JAZES:

@kashif,
Selling GU right now can be disastrous man.
My 2cents

Kashif:

Somebody should be looking to sell GU any moment from now

thank you for the alert as well as the caution

JAZES:

@kashif,
Selling GU right now can be disastrous man.
My 2cents

I feel you man, especially after the stunt EU put up. GU has clearly shown that it is interested in probing further down a bit, with it lower lows and lower highs. With this setup, a pull up would present a sell opportunity. So, 1.5475 would be ideal. On the other hand, I would wait and see what EU has up its sleeves before trying it again. It got to 1.2600 and turned back. It dropped again, and failed to get to that point, indicating that sellers might be losing the battle. Now it has broken above 1.2770, the next move could be anybody's guess.

I pitched my tent with GBPCAD at day end yesterday after the conflicting signals I got from many other pairs.

Cheers all

It's better to be cautious this week when trading because of market sensitive news and expectations which are common mostly at the end of the month.

@Mikeloo,
u are very correct,one has to be very careful with News,especially the DREADFUL US Non-Farm Payroll Economic News coming up dis friday and every other 1st friday in a month at exactly 1:30pm nigerian time.becareful in trading with dis news

Don't do news, even though I respect the NFP.

afroil:

@Mikeloo,
u are very correct,one has to be very careful with News,especially the DREADFUL US Non-Farm Payroll Economic News coming up dis friday and every other 1st friday in a month at exactly 1:30pm nigerian time.becareful in trading with dis news

Kashif:

Don't do news, even though I respect the NFP.

Fears about the NFP are baseless because traders lack knowledge on how to trade it. The best currency to trade is the USDJPY.

The key parameters to watch are : NFP change and Unemployment rate.


Do not trade if the two figures conflict: NFP more negative, unemployment rate down.

Sell USDJPY if NFP more negative, unemployment rate steady or up.
Buy USDJPY if NFP more positive than expected, unemployment rate down.

The best way to trade this item is to wait until the market is about to close on Friday for the weekend. Usually after the initial spike, there will be a retracement to the support or resistance for the last day or two. Use a pending order to setup a trade in the direction of the NFP result. By Monday, the trade will trigger and give you a minimum of 100 pips.

I will watch this news item and update it here.

GU:
I am going to go long on GU at the break of the price 1.5490 and buy till
i get to 1.5768 while on the downside if price breaks support at 1.5420
then i will short GU till it gets to 1.5346.
Summary
BUy GU @ 1.5502
TP1:1.5530
TP2: 1.5564
SL: 1.5450

Sell: 1.5410
TP1: 1.5387
TP2:1.5360
SL: 1.5480

EU:
I will go long on EU if price violates resistance at 1.2821 till it gets to
1.2870 while i will go short when price breaks support @1.2756.
Summary:
BUy: 1.2825
tp: 1.2850
tp2: 1.2870 (ensure you use trailing stops in this region)
SL: 1.2760


GJ:
I will go long on Gj at the break of the resistance @130.93 while i will consider
going short at the break of 130.15.
Summary:
BUY GJ @131.10
TP1: 131.70
TP2: 132.30

@JAZES,
Sorry o,but ur strategy is not good enough,go and learn how to use
PARABOLIC SAR,
STOCHASTIC,
EMA & SMA crossover(to detect wen resistance/support is broken)
&
CANDLE COLOR/PATTERN
for effective & REWARDING Fx Trading

To prove to use dat ur method is nt as such effective,referencing EU,b/n d time u posted ur signal at 1:51am till 4:15am on thursday,02/09/2010 non of ur stipulated resistance(1.2821) or support (1.2756)was reached nt to talk of being broken,instead d mkt refused to move above 1.2814 resistance and 1.2785 support.

whereas using combination of those indicators i specified above and during same period,b/n 1:51am nd 4:15am i was able to make at least reasonable pips/gain dependin on lot/size used.

However may be ur resistance/support would later be broken or violated usin ur term,for patience trader and as we know PATIENCE is part of needed strategy in dis biz

Wishin everyone happy nd rewardin trading