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EURUSD 6E Euro
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EURUSD 6E Euro

  #831 (permalink)
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trendisyourfriend View Post
Nice trade, yet using a time based interval offers a unique advantage by showing wide range bars (WRB). These WRB's are a perfect yardstick to scale out progressively or to ride out an exceptional movement. Look at your trade using a time based interval such as 10 or 15 minutes. See how you could have managed the trade differently by simply scaling out at the close of a wide range bar. I typically use a tick chart along with a time based interval to profit from these exceptional opportunities (which occur every day).

Good point. Funnily enough one of my reasons for switching back to tick charts is to see WRBs (well, relatively WRBs). I should add that I keep up an M5 chart which I often switch to M15 / 30 / 60 looking for areas of Supply & Demand. I also switch down to 1,2, & 3 mins as sometimes this gives a usefully different "read".

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  #832 (permalink)
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From ZH

EUR Shorts Hit New Record



Another week, another record bet on EUR currency collapse: this even in a countertrend week, when the EURUSD actually soared by over 300 pips. In other words, not only did shorts not cover, as some have suggested, they doubled down on losing positions, in the process bringing total net non-commercial spec contracts to -160K from -155K the week prior.

As a result, should the EUR snap over the psychological barrier of 1.300 which it almost did in the overnight session by 15 or so pips, or should the CME hike EUR margins, we may promptly see a move in the pair comparable to the 300 pip surge experienced when the expanded QE1 was announced on March 18, 2009.

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  #833 (permalink)
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kbit View Post
EUR Shorts Hit New Record



Another week, another record bet on EUR currency collapse: this even in a countertrend week, when the EURUSD actually soared by over 300 pips. In other words, not only did shorts not cover, as some have suggested, they doubled down on losing positions, in the process bringing total net non-commercial spec contracts to -160K from -155K the week prior.

As a result, should the EUR snap over the psychological barrier of 1.300 which it almost did in the overnight session by 15 or so pips, or should the CME hike EUR margins, we may promptly see a move in the pair comparable to the 300 pip surge experienced when the expanded QE1 was announced on March 18, 2009.

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So that's why the break-outs at the highs on Thurs & Fri last week weren't going anywhere. All the shorts were just taking the pain and holding their line. Seems like they're doing the same at 1.3000 today - so far

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  #834 (permalink)
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kbit View Post

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How could one create this with NT or TS etc..?

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  #835 (permalink)
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How could one create this with NT or TS etc..?

Best to just create a "strategy" to find the data you want, and write it to a CSV text file, then use Excel to make the pretty graph.

In my opinion...

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  #836 (permalink)
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Better than nothing, but so much left on the table...

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EURUSD 6E Euro-6e-03-12-223-tick-1_24_2012.jpg  
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  #837 (permalink)
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jtrade View Post
Better than nothing, but so much left on the table...

Isn't that true for everyone everyday? There's a statistic I use for judging mechanical systems called "% of perfect profit" which is the amount you took off the table - where perfect profit is the sum of every bar's true range. Typically % perfect profit comes in around 0.01% for a decent mechanical trading system, of which I've only seen 1 or 2 in my life.

But to stay on topic: what's the next big Resistance level above where we are now at 1.3000?

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  #838 (permalink)
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Adamus View Post
"% of perfect profit"

Hi, Adamus,

In my daily trade review, the key issues are

Did I see & take all my set-ups ?
If not, was my reason not to valid ?
Did I take any non-method trades ?
How could I realistically have improved my exits ?

Pretty routine and familiar stuff, but so challenging to improve.

'Looking forward to Al's webinar this evening (at least I think its this evening !).

J.

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  #839 (permalink)
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Well I'm back again...this time I think 1.3130 can be had now that the wind is at my back.

Being that it's the euro it probably will chop around all over the place but I'm thinking it should make it there this time.

I hope I don't have to come back again with my tail between my legs but thought I would throw this out again and see what you guys think.....

Honestly I haven't spent much time looking at it but it sounds plausible just taking a quick look...any thoughts ?

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  #840 (permalink)
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Hey Guys,

I have been following/trading the 6E and wanted some feedback from other 6E guys...

I have been trying to trade the first 1.5 hours of the European open as well as the US open..now I'm looking to possibly add another time slot, and was wondering what times do you guys prefer to trade the 6E?

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