psaini1973 Posted November 16, 2011 Author Report Share Posted November 16, 2011 London is having their bed tea and i am having my lunch here in India, its a good lunch, just ate up $ 780. :) Check out: http://img204.imageshack.us/img204/5473/eurw.gif http://img204.imageshack.us/img204/5473/eurw.gif canforex, Infomattik, dhinesh89 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
Gaugas Posted November 16, 2011 Report Share Posted November 16, 2011 psaini1973 Please upload their own template and indicators, thanks advance Quote Link to comment Share on other sites More sharing options...
forexfx Posted November 16, 2011 Report Share Posted November 16, 2011 psaini1973 Please upload their own template and indicators, thanks advance You can find it on Page 77 post#762 :) Gaugas and psaini1973 2 Quote Link to comment Share on other sites More sharing options...
Fortuna1713006009 Posted November 16, 2011 Report Share Posted November 16, 2011 Psaini1973, Would you be so kind to share pairs that you like the most to trade? Congrat Quote Link to comment Share on other sites More sharing options...
dhinesh89 Posted November 16, 2011 Report Share Posted November 16, 2011 Psaini1973, Would you be so kind to share pairs that you like the most to trade? Congrat that can be seen from all his posted images.. he always trade eurusd eurjpy usdchf as the ej and uf are correlated with eu thanks psaini1973 1 Quote Link to comment Share on other sites More sharing options...
raiden Posted November 17, 2011 Report Share Posted November 17, 2011 Namastey psaini1973!!! you are a master at this... Now you're taking $$$ from the other 95% of the traders! ... :) Keep up the good work!!! psaini1973 1 Quote Link to comment Share on other sites More sharing options...
rastlin Posted November 17, 2011 Report Share Posted November 17, 2011 Can anybody upload a pivot point template that can use with this stradegy?? Quote Link to comment Share on other sites More sharing options...
canforex Posted November 17, 2011 Report Share Posted November 17, 2011 (edited) A losing trade of -28 pips. http://img35.imageshack.us/img35/2760/nov17.gif Edited November 17, 2011 by canforex psaini1973 1 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted November 17, 2011 Author Report Share Posted November 17, 2011 Thanks forexfx and dhinesh89 for helping in my absence @ raiden: Thank you Raiden 4 the kind words dhinesh89 1 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted November 17, 2011 Author Report Share Posted November 17, 2011 Hmmm. i had this trade in my pocket but just couldnt close at the right time as something came up and i had to leave my pc, i was approx i think i shld have been +$ 400.. Price touched the support in EU and EU/JP and reversed up all in 5 min. Profit of $ 44. Not all days are sunday :P Cant say i will trade the usa open as it is full of terrifying news :)) Check out: http://img401.imageshack.us/img401/9598/eur.gif http://img401.imageshack.us/img401/9598/eur.gif canforex and dhinesh89 2 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted November 17, 2011 Author Report Share Posted November 17, 2011 (edited) @ Canforex: Canforex thou it was a losing trade but u had the heart and the courage to share ur results. When ever u r trading 5 min tf also consult 15 min tf and pls also use the power of correlation, i didnt exit this trade initially bcos if u c in 15 min tf the EU had broken UP the pivot but EU/JP was stuck at the pivot. it tried to break UP and close above the pivot but it failed ( tried 4 times), which was as indication that EU and EU/JP "Might" come down ( thou nobody can guarantee that) and it happened as i had anticipated, i couldn't close the trade at the right time that's a separate issue Check the pic below 4 wat i am trying to indicate, the trade was taken in 5 min tf but as i said i keep on flipping the 5 min and 15 min tf chart to c wats goin on. i have circled the particular area in round circle in EU/JP http://img411.imageshack.us/img411/8983/eurs.gif Edited November 17, 2011 by psaini1973 canforex and GoodVibrationS 2 Quote Link to comment Share on other sites More sharing options...
jasper2603 Posted November 17, 2011 Report Share Posted November 17, 2011 psaini, I follow your thread. Great system and thread. Can you explain something more about the correlation of the pairs you trade. The last post of you is nog clear for me. Thanks! Quote Link to comment Share on other sites More sharing options...
canforex Posted November 17, 2011 Report Share Posted November 17, 2011 @ Canforex: Canforex thou it was a losing trade but u had the heart and the courage to share ur results. When ever u r trading 5 min tf also consult 15 min tf and pls also use the power of correlation, i didnt exit this trade initially bcos if u c in 15 min tf the EU had broken UP the pivot but EU/JP was stuck at the pivot. it tried to break UP and close above the pivot but it failed ( tried 4 times), which was as indication that EU and EU/JP "Might" come down ( thou nobody can guarantee that) and it happened as i had anticipated, i couldn't close the trade at the right time that's a separate issue Check the pic below 4 wat i am trying to indicate, the trade was taken in 5 min tf but as i said i keep on flipping the 5 min and 15 min tf chart to c wats goin on. i have circled the particular area in round circle in EU/JP http://img411.imageshack.us/img411/8983/eurs.gif Thanks psaini. Great advice. I will try to consult 15 minute charts & correlation with UC/EJ for better trade management. Quote Link to comment Share on other sites More sharing options...
canforex Posted November 17, 2011 Report Share Posted November 17, 2011 Can anybody upload a pivot point template that can use with this stradegy?? Here you go http://www.multiupload.com/8KFFK3U48I rastlin and douggie 2 Quote Link to comment Share on other sites More sharing options...
hermes Posted November 17, 2011 Report Share Posted November 17, 2011 EURUSD = EURJPY + 98%; EURUSD X USDCHF -97%; USDCHF X EURJPY - 97% and that's on H1 chart. On M15 or M5 must by much worse! Go to mataf.com and find it exactly for yourself. EURUSD and EURJPY are tandem and USDCHF against EURUSD / EURJPY are enemies! Cheers Hermes Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted November 18, 2011 Author Report Share Posted November 18, 2011 psaini, I follow your thread. Great system and thread. Can you explain something more about the correlation of the pairs you trade. The last post of you is nog clear for me. Thanks! Hi jasper. that particular ans was about a particular trade that myself and canforex took at the approx same time. canforex exited with loss whereas i was hanging on with my trade , i was explaining him the reason that i didnt exit the trade as EU/JP was stuck at the pivot Correlation is positive and negative. EUR/USD and EUR/JPY are positive correlated means they will move in same direction most of the time. EUR/USD and USD/CHF are negatively correlated that means they will move in opposite direction most of the times. So i am using this power of correlation along with Soundfx Pip accumulator in my trading. Pls bear in my mind this correlation sometimes in a year get outs of synchronization , I think two month back or so if i remember correctly EUR/USD and USD/CHF were positive correlated for may be a week or so. So this has to checked continuously by merely looking at the charts Pls try this system 4 at least a month without worrying about the results after that u will develop a knack so as to how to trade with this system. Best of Luck Fxheaven 1 Quote Link to comment Share on other sites More sharing options...
jasper2603 Posted November 18, 2011 Report Share Posted November 18, 2011 Thanks for the explanation, I will try your system for a few weeks, ik started 2 days ago with your system al went great until this morning, I was short on the eur/usd right after the red arrow and tp was the pivot level, but price went up? Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted November 18, 2011 Author Report Share Posted November 18, 2011 Thanks for the explanation, I will try your system for a few weeks, ik started 2 days ago with your system al went great until this morning, I was short on the eur/usd right after the red arrow and tp was the pivot level, but price went up? U shldnt haven taken the trade when ECB President Draghi Speaks. take care of imp. news. its very imp Quote Link to comment Share on other sites More sharing options...
jasper2603 Posted November 18, 2011 Report Share Posted November 18, 2011 Yeah, your right I've could have known that, ****** mistake of me Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted November 18, 2011 Author Report Share Posted November 18, 2011 Looking at the current situation of the upward movement of EU i suppose its the short squeeze. canforex 1 Quote Link to comment Share on other sites More sharing options...
Sesshoumaru Posted November 18, 2011 Report Share Posted November 18, 2011 due to news announcement h##p://###.forexfactory.c0m/news.php?do=news&id=326679 " ECB lending to IMF proposal gaining traction according to sources " anybody explain it with plain words? don't know what this means exactly psaini1973 and dhinesh89 2 Quote Link to comment Share on other sites More sharing options...
canforex Posted November 18, 2011 Report Share Posted November 18, 2011 The rumor was that ECB will lend to IMF which will in turn lend to Italy and Greece sending the EU higher Sesshoumaru and dhinesh89 2 Quote Link to comment Share on other sites More sharing options...
hermes Posted November 18, 2011 Report Share Posted November 18, 2011 And when China and Russia dump USA USD will be considered only as a fun money like chips in casinos. Hermes dhinesh89 1 Quote Link to comment Share on other sites More sharing options...
canforex Posted November 21, 2011 Report Share Posted November 21, 2011 Took an EU trade - Half off at 20 pips, other half at 35 pips. http://img214.imageshack.us/img214/7571/nov21.gif psaini1973, jasper2603 and dhinesh89 3 Quote Link to comment Share on other sites More sharing options...
jasper2603 Posted November 21, 2011 Report Share Posted November 21, 2011 Nice trade Canforex, I missed that trade, I have a full time job. I'am now long at 1,3450... Quote Link to comment Share on other sites More sharing options...
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