trader100 wrote on Thu, 18 March 2010 19:20

How did your EURUSD trading go today? Tank, Contango who trades Euro around here. What happend to rahshid. I made 9 trades no losses all on the long side for 13, 14,13, 27, 12.... and about two scalps to cover trades that the draw-downs were to large. The Greece mess resurfaced again and it is interesting to see how one can actually trade into death plunges and make pips.

Trader100,

Here is a M15 chart of the EURUSD pair for 2010/03/18. According to the basics of trading there were NO long trades permitted yesterday, as all three the SMA's (200,20,40) were going down, there were LH's and LL's, and most of the price action were under the 20 SMA. Go to Arshad's thread and read ALL he tries to learn his co - traders there and then you would see how dangerous your trading yesterday were.

RR

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[quote title=Richie Rich wrote on Fri, 19 March 2010 06:23]

trader100 wrote on Thu, 18 March 2010 19:20

How did Here is a M15 chart of the EURUSD pair for 2010/03/18. According to the basics of trading there were NO long trades permitted yesterday, as all three the SMA's (200,20,40) were going down, there were LH's and LL's, and most of the price action were under the 20 SMA. Go to Arshad's thread and read ALL he tries to learn his co - traders there and then you would see how dangerous your trading yesterday were. RR

One person's basics of trading might not be another person's idea of trading. What matters is actual trading statements.

Arshad has some interesting ideas and I only briefly looked at his theory not enough to venture a comment. Is there perhaps some trading stats available? His thread is a long read and those of you who followed his posts can refer me to his http://www.mt4i.com statement. I wish him best of luck in his trading and teaching initiatives.

I executed 17 closed trades the last three days into the Greece crises with one loss. Presently have 1 winning position open.
Full historical trading statement here: http://www.mt4i.com/users/stephanusr.

See graph for last three days

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Just made another two trades. ONe for a small loss of 1.2pips the other a gain of nearly 9pips. The previous trade I closed out for 9pips. See chart. That brings me to 19win/2loss over three days.

The euro tanked 45pips but it can't just fall for ever, it is knowing when to buy in the dips for the rebound as a rubber ball rebounds.

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trader100 wrote on Fri, 19 March 2010 12:15

We just had another strong dip on the euro and I bought straight into it. Up 8pips at present with tight stop at 3558. Entry at 3564

Closed out the trade at 9 pips, drawdown 5pips. See chart look for the first entry at the top. After closing trade fiber dropped even further. Will have to see what happens next week 25/26 March, but it seems as though IMF will have to give a bailout.

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[Updated on: Fri, 19 March 2010 16:38]