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Old 04-06-2008, 10:33 PM   #171 (permalink)
ptaczek
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cool, keep your reports
Well, today I started a blog about trading in czech language. But I plan to publish results of my reserach which will be in english. So as soon as I'll compile first results regarding hourly and daily ranges of few currency pairs, I'll put a link here, so you can benefit from the information :)
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Old 04-06-2008, 11:11 PM   #172 (permalink)
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Default EURCHF trade idea

The next week I'll be focusing on EURCHF and EURJPY. Both pairs are showing similar properties (up trend channel + nearby resistance level).

One of my first trade ideas ever published:
Here is the EURCHF 4-hour chart. It's showing the uptrend channel and also key resistance level (blue) and descending trendline from the daily chart. The trade idea is to BUY if it breaches the resistance AND the trendline or to SELL if it breaches the bottom of the channel (closes outside it). Alternative BUY signal would be, if the price bounces off the bottom of the channel.
T/P 100pips, S/L in all cases should be around 40-45pips but not more than 1-2% of the equity. If you can't afford such S/L, do not trade. Also some S/L moving technique should be applied or at least 35pips trailing stop.

Also note that this is not a signal service nor a trade recommendation!


Last edited by ptaczek : 04-07-2008 at 10:09 PM.
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Old 04-07-2008, 07:46 AM   #173 (permalink)
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Im currently in a long trade on EURCHF after breaching the resistance and trendline.
On EURJPY the price bounced from the channel's bottom and Im also long there with nice 97pips open profit :)
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Old 04-07-2008, 10:11 PM   #174 (permalink)
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It was quick and dirty today. 100pips banked on EURJPY and 37pips on EURCHF :) I see no other setup on those pairs right now.
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Old 04-08-2008, 05:03 AM   #175 (permalink)
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It all depends on the current mood of traders. But generally, markets tend to higher volatility before London and NY open. A higher activity can also be observed on Tokyo opening.
yes your right. i see the same like you. and are you know why generally higher volatility happened before London and NY open ?
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Old 04-08-2008, 05:07 AM   #176 (permalink)
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Well, today I started a blog about trading in czech language. But I plan to publish results of my reserach which will be in english. So as soon as I'll compile first results regarding hourly and daily ranges of few currency pairs, I'll put a link here, so you can benefit from the information :)
are you trade hourly and daily ?

i would waiting for English version

and Pta, maybe you can request your flags as avatar in fxopen forum :)
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Old 04-08-2008, 08:29 PM   #177 (permalink)
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are you trade hourly and daily ?

i would waiting for English version

and Pta, maybe you can request your flags as avatar in fxopen forum :)
Im trading the 1-hour time frame most of the time.

Flag as avatar? You mean to have my country national flag on the fxopen avatar icon?
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Old 04-09-2008, 02:35 PM   #178 (permalink)
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Im trading the 1-hour time frame most of the time.

Flag as avatar? You mean to have my country national flag on the fxopen avatar icon?
yes same with me i used 1-hour for my most time frame when open trade.

and ...yes i means Czech trader flags. You can request it to Fxopen forum
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Old 04-09-2008, 09:46 PM   #179 (permalink)
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yes same with me i used 1-hour for my most time frame when open trade.

and ...yes i means Czech trader flags. You can request it to Fxopen forum
Ah I see :) I think I can make one by myself. I have some graphics design expertise

btw: how do you trade? I mean, what is your strategy?
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Old 04-10-2008, 04:32 AM   #180 (permalink)
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wooww great, you are expert in programming and graphics design ?

now i learn to use technical and learning to use Bolinger band, have you know how the good way to use BB, i just using the basic technical of BB indicator
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