May '04 Forex

[mpjordan]

Where did you put your stop FC?
Good luck mpj

 

[FetteredChinos]

stop is at 1.7915, just above the recent high. i trail it so that it is 20 pts the other side of the 100 EMA.

this is only my first day doing this, so im experimenting in front of a "live studio audience"

looks a bit stuck at the moment. building for a move either way.

FC

 

[pmaa]

Looking good chaps "SO FAR " :cheesy:

 

[Faris]

Hey FC.

Nice little trade you made there.
was curious to know what time frame your using.
Im 15 min and 5 min but on my charts the 100 ema is still way below current price

Faris...

 

[ChowClown]

......gggg go Euro! Mornin' chaps.

 

[rossored]

imho the 100ma trading thoery is badly flawed.

Its like any ma system (imo) - look back over time and it will fit very nicely a number of times. Problem is, you tend not to notice the occassions when it would have burned you so bad you wish you died as a child.

just my tuppence worth

EDIT : Attachments are how I saw it, btw : long eur/usd, long gbp/usd, short usd/chf (stops just below red support/resistance lines) I'm not saying any other trading method is wrong, this is just how I saw it, btw.

 

[FetteredChinos]

thanks for the input chaps.

im still testing it out, just to see how it can be refined etc.

all a learning curve. came dangerously close to being stopped out, but looks like it has formed a double-top.

thats his and her's luxury bathrobes.

FC

 

[neil]

Hmm - the 7am - 10am break out system has the euro/usd only now going long?

And JT's 7am 5min bar break has a failed short and a successful long - euro/usd

 

[ivorm]

Hmm - the 7am - 10am break out system has the euro/usd only now going long?

And JT's 7am 5min bar break has a failed short and a successful long - euro/usd

I thought JT's 7-10 BO system went long at 12036. ( I missed the entry and went long at 12041 - better late than never [ I hope ] )

 

[neil]

Sorry Ivorm - I wait for the hourly bar to actually complete ( 2061)

 

[ivorm]

Sorry Ivorm - I wait for the hourly bar to actually complete ( 2061)

Do you mean that you wait for the 10.00-11.00 bar to complete ? I thought the 7-10 range ended with the 9:00 - 10.00 bar.

 

[FetteredChinos]

come on baby, come to chinos.. break 1.7880 and we are in business, i think.

FC

 

[pmaa]

Sorry Ivorm - I wait for the hourly bar to actually complete ( 2061)

I make it 2038 neil ,sure your looking at the right bar

 

[JonnyT]

1.2036 is correct using the spot market from FXCM

It is essentially any break of the trading range between 07:00 and 10:00

JonnyT

 

[FetteredChinos]

hmm, its good to be short.


targeting 1.7820- 1.7800. stops tightened a bit to follow the descending 100 EMA.

all experimental this.

FC

 

[The Wanderer]

Current positio for 1am-8am system:

GBP +110

Euro +93

CHF +108

JPY -41

Whatever happens now it should be a profitable day now with stops moved up.

Pity I didn't have the balls to do it on the live a/c!!!

 

[FetteredChinos]

knackers. short scratched. ran out of legs. shame.

now long from 1.7885, another bounce off the 100 EMA

FC

 

[FetteredChinos]

made a new high for the day. now has it got the impetus to really go for it??

FC

 

[FetteredChinos]

hmm, lots of overhead resistance here.

if it breaks, we should be flying. tightening stops in case of reversal.

FC

 

[Redben]

Nice new look to the site - reminded me of Champ Man 03/04 too! Was all set to buy Arjen Robben for my depleted left side...

Went long on cable early on, buying 1.7761 - except silly me got out for 30 pips expecting 7800 to be resistance. D'oh! Going to trail the stops from now on to give trades room to breath rather than cutting and running too early. Still new to this game, so learning all the time.

Interesting ema strat FC, might have a look at that one myself - or let you do all the hard work for me in testing it