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My path of becoming a trader
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My path of becoming a trader

  #51 (permalink)
Elite Member
Zagreb, Croatia, Europe
 
Futures Experience: Beginner
Platform: Dukascopy
Broker/Data: Dukascopy SA
Favorite Futures: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received


bobarian View Post
what type of volume and spread is typical?

Hi bobarian,

Spread is 3 pips. For the volume, I don't know really. I'd say not much, if 60 % is EUR/USD, also other majors take great part, and volume on this crosses isn't big, but they follow main markets, as they're correlated.

I was debating also with trading such strange pairs like EURGBP or GBPAUD, CHFJPY ... but sometimes I can spot something I don't really see on majors.

Thanks for reading,

Cheers,

ivan

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
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  #52 (permalink)
Elite Member
Zagreb, Croatia, Europe
 
Futures Experience: Beginner
Platform: Dukascopy
Broker/Data: Dukascopy SA
Favorite Futures: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

Stopped out from EURGBP short.

Don't have any new trade, only trade ideas if MACD changes polarity.

AUDUSD is hoovering around 800 SMA on 4h chart. Will see if it's going to rebounce from that.

EURJPY hit it's 800 SMA also. Long trades when divergence occur or MACD turnes positive.

GBPCHF is 2 standard deviation south from 800 SMA. It's also overextended, broken it's daily S3. Also no trades at the moment, but looking for longs (short covering rally).

Best regards,

ivan

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Attached Thumbnails
My path of becoming a trader-audusd.gif   My path of becoming a trader-eurjpy.gif   My path of becoming a trader-gbpchf.gif  
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  #53 (permalink)
Elite Member
Zagreb, Croatia, Europe
 
Futures Experience: Beginner
Platform: Dukascopy
Broker/Data: Dukascopy SA
Favorite Futures: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received


Nothing from reversals I've posted, yet.... market is just one way street. Sorry for people of Japan, situation is just getting worse, I hope we'll hear some good news soon.

I've taken 2 trades,

First is GBPUSD long @ 1.59984, SL 1.59400 (58 pips), TP 1.62000 (202 pips)

GBPUSD is resting on 4h longer term support line, I think it will hold it.

After stopping out, I've entered again on EURGBP short, @ 0.86696, SL 0.87150 (45 pips), TP 0.85800 (90 pips).

This is my regular trading setup. We'll see this time.

Best regards,

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
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My path of becoming a trader-gbpusd.gif   My path of becoming a trader-eurgbp.gif  
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  #54 (permalink)
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Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

Hi my trader friends,

I'd like to thank Big Mike and Robert for reading me, and lefting thanks's.

I'm stopped out on EURGBP, but GBPUSD is +100 at the moment, hopefully it will continue up. I'm thinking of that I've put my profit target too high, at 1,62, but cannot change it until I get home from work, what will be for another 8 hours...

Technically, it's above previous highs, and shouldn't put my TP there, but around 1,6170 somewhere. As market is too volatile I'm avoiding yen pairs this week...

Good luck all,

best regards,

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
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  #55 (permalink)
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Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

Happy St. Patrick's Day

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
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  #56 (permalink)
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Thanks: 55 given, 71 received

here I am again :-)

Hi my trader friends!

I'm looking to buy AUDUSD, there is a slight divergence on MACD and break of unsustainable downtrend. Targeting area between 50-100 SMA.

Exact entry I'll post when I come home and open trading station.

Other two are potential setups, but no entry at the moment. Just to have them in mind.

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Attached Thumbnails
My path of becoming a trader-audusd.png   My path of becoming a trader-euraud.png   My path of becoming a trader-eurcad.png  
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  #57 (permalink)
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Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

GBPUSD long position closed +135 pips. It stopped between 50-100 SMA on 4h chart, seems like forming a flag (on 1h TF can be seen better), but I've decided to exit. Initial TP was 200 pips, which was quite far away.

We'll see if I made a good call.

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
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  #58 (permalink)
Elite Member
Zagreb, Croatia, Europe
 
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Favorite Futures: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

Last weeks recap:

EURGBP - 55
EURGBP - 45
GBPUSD + 135

TOTAL + 35 pips

I'm looking forward to post some analysis afterwards.

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
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  #59 (permalink)
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Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

EURUSD is mainly driven by Japan and Lybia issue. To me it looks like trend exhaustion. I would be selling if it breaks the black trendline.

EURJPY is going sideways for quite some time. I would be looking for a buy, on the breakout of black line, @ 116. Otherwise, sell when continuation of the movement can be seen.

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
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My path of becoming a trader-eurusd_4h.gif   My path of becoming a trader-eurjpy_1d.gif  
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  #60 (permalink)
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Favorite Futures: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received


GBPUSD looks to me like in a second phase of the uptrend. Quite strong, too bad I haven't held it till the end but closed it early.

EURCHF is in downtrend. Don't know what smart can I say, on daily chart...but wait to see end of that triangle.

EURGBP seems strong, it's in third phase of the uptrend. Exhaustion could be comming.

AUDUSD broke the third and the second uptrend phase, correction to the first is inevitable. We could see it @ 0,9550 before continuation of the trend.

That's my daily analysis. Standard 4h chart setup for entries will be comming!



The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
Attached Thumbnails
My path of becoming a trader-gbpusd.gif   My path of becoming a trader-eurchf.gif   My path of becoming a trader-eurgbp.gif   My path of becoming a trader-eurcad.gif   My path of becoming a trader-audusd.gif  
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