Trading EUR/USD Daily Hi & Lo

Discussion in 'Forex' started by JSSPMK, Jan 12, 2010.

  1. ave331

    ave331

    You got yourself 400 pips.

    Maybe 500 ... before a meaningful rebound, just using simple price projection, not that it works that often .....
     
    #21     Feb 5, 2010
  2. JSSPMK

    JSSPMK

     
    #22     Feb 5, 2010
  3. You must like it burnt to a cinder:D :D

    Nice job anyway


    NiN
     
    #23     Feb 5, 2010
  4. ave331

    ave331

    Oooopppsssss!!

    A different projection done from another angle suggests the EURUSD's present down move is over and we may be looking for a reversal right ahead ... so much for projections as they can be done using different parameters or different tools ..... or I'm simply not up to scratch where projections are concerned, exactly the reason for my sticking to daytrading and scalping ....... :eek:
     
    #24     Feb 5, 2010
  5. JSSPMK

    JSSPMK

    But I don't use projections, since targets are nothing more than probabilties based on personal analysis there is no way to know when exactly reversal will come. I just look at when volatility may be increasing and bet either way depending on whether daily hi/lo is breached. Simples!

    Even yesterday's close is not that convincing. Price didn't close above hi or open. Weekly chart still in downtrend, so is daily chart. Will there be interest from 1.368 zone? Who knows.
     
    #25     Feb 5, 2010
  6. JSSPMK

    JSSPMK

    Position will be reversed @ 1.3748 & reset back to initial stake of £1 per pip with a reverse order @ 1.3583 (£2 per pip).

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2724399>
     
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    #26     Feb 7, 2010
  7. JSSPMK

    JSSPMK

    Closed Short +277 pips (+£554)

    Now Long 1.3748 £1 per pip
    (Reverse order 1.3583 £2 per pip)
     
    #27     Feb 9, 2010
  8. JSSPMK

    JSSPMK

    Current results:

    -85 pips/-£127.5 @ £1.50 per pip

    +355 pips/+£1,065 @ £3 per pip

    -120 pips/-£120 @ £1 per pip

    +277 pips/+£554 @ £2 per pip

    Win/Loss: 50/50

    Average R/R: 1/3.24

    ROI: +6.86%
     
    #28     Feb 9, 2010
  9. you're killing it!! :cool:
     
    #29     Feb 9, 2010
  10. JSSPMK

    JSSPMK

    TY! (I am not a violent guy though :))

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2726047>
     
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    #30     Feb 9, 2010