What Every New & Or Aspiring Forex Trader... Still Wants To Know

You bet, I’m in:)

Looking forward to it Manta. :slight_smile:

Regards,
Clark.


Woops! Nevermind you already answered my question =P

That would be London Open, correct?
Count me in! I’ll just sleep during school so I am able to stay up all night. Haha :stuck_out_tongue:

Regards,
Clark

Count me in too. Looking forward to this :slight_smile:

Hell yeah!

No damage done to Cable. Lucky…very lucky…
The Aussie Dollar and AUDJPY took it “on the chin” in Tokyo.
What pair and Yen cross is next ?
USDJPY is 167 pips away from 80.00 with that nasty 80+ pip spike 3 hours ago.
No bounce in sight.
This doesn’t look good…
I’m out…if I want to gamble I go to the casino.

Good luck.

hi
EurUsd is 100 pips down from 1.4002 to 1.3920.
Do you think it will rebound and recoup losses because it is now inching upward to 1.3932

arasheed

Now EurUsd has reached 1.3942
I think it gaining momentum

arasheed

If the USDJPY goes BELOW 80.00 we will most likely see a crash.

The Aussie Dollar is breaking down.

Looks like Fiber and Cable are in the process…this can get very ugly…very ugly…

Strange EurUsd suddenly dipped to 1.3909
arasheed

It’s not strange because there is no market stability.

All kinds of cross trade positions across instruments getting undone…there is fear AND hope, my friend.

They are hoping for the “JPY white knight” coming to the rescue. And the are fearing a crash.

Irrational.

No place to have your money in my book. :slight_smile:

I don’t trade Yen. I keep an eye on it cause the correlation stuff but I have more than enough with G/U, E/U and A/U. I limit myself to these exclusively and feel satisfaction with what I get there.

Don’t worry about luck. We don’t really need that. As I already said to a very appreciated fellow trader, personally, I don’t believe in luck, is simply a matter of decisions, good ones or bad ones.

:wink:

Best regards
:cool:


[I]“Me quedaré, me quedaré, [B]siempre cubano[/B] me quedaré…”[/I]

Had a nice short on the Fiber today.

We had OTE, and MF was down on the 4H. Traded short at OTE, following a bounce from the CPP.

Got my entry at the 62% retracement level at 1.3925, just prior to the london open.

Price then continued up to a significant fractal low from the asian session, at ~1.3940, before dropping like a rock at the london open, down to my initial target just below the 1.39 figure. I would have liked to have scaled out, because I could see it going a lot lower, but had only a single lot on, for risk-management reasons.

If only I can keep this up!

EDIT: I just want to add what a revelation this thread has been for me. I am finally starting to accept that intraday traders DO need to be concerned with INTER-day time frames, that 20 pips a day is actually quite a lot (more than enough to get rich, anyway!), that stops DO have to be wide enough to let trades breathe, etc. I am starting to get the feeling that I’m near a breakthrough in my trading, and it feels good :slight_smile:

yeah, I took the same short. Entry 1.3932 (Fibo 70.2 RET) first exit 1.3880 (1.27 EXT), second exit 1.3860 (1.618 EXT).

New version of Market flow indi is almost ready. I will post it here today.

Nicely managed trade Manta, netted some good pips on that one!
Looking forward to the indi too. :slight_smile:

[B]Here it is, enjoy and happy trading!!!

Main changes: fully customizable layout, ICT H1-H4 or H4-D1 rule option and option to hide Weekly and Monthly Flow in Table.[/B]

Download:

Installation: MT4 folder/experts/indicators

DON’T FORGET TO DELETE OLDER VERSIONS OF BOTH INDICATORS!!!

MANTA MF TABLE 1.1 (Manta_MF_Table_1_1.ex4)

Default settings description is in help.txt.

To make this indicator work, you must have Manta_Market_Flow.ex4 file in your indicator folder, but not necessary attached to the chart!
I use white background in Metatrader, so don’t forget to change textColor, if you use default black background!

MANTA MARKET FLOW (Manta_Market_Flow.ex4)

Default settings description is in help.txt.

Files are ex4, but there are no restrictions.

I took the same trade :slight_smile: Entered at 1.3931 and exited at 1.3901. I have been taking 100% of my trades off at 30 pips because i don’t know how to scale out portions of them. Do i just place an opposing order for the number of mini lots that I want to take out?

Anyway, I got my 30 pips for the week so I am happy :slight_smile:

Oh man, good trade on the Fiber guys. =) I didn’t pay attention to it last night. I keep forgetting the fact that if the Cable isn’t looking great then the Fiber may provide more opportunities. Couldn’t find any valid entries in the Cable going long during London Open and decided to just stay sidelined. And good thing I did! Cable dropped 160 pips.

Just curious, did anyone take the long on the Fiber during NY Open, at the OTE, below ADR Low and S1 acting as support?

I hope everybody else’s trading went well. =)

Regards,
Clark.

You know it… in it to win it… :wink:

GLGT