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Mysticforex
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Everything posted by Mysticforex
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Well so far we are moving in the right direction. The holiday week's, back to back , usually throw the timing out a bit. Thank goodness we will return to normalcy next week.
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--------------------------------------------------------------------------------------------------------------------------------------- It's there, we have a nice turn out for this month.
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-------------------------------------------------------------------------------------------------------------------------------------- Here id the link to join the Jan 2014 Contest: https://fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=contestDetails&contestId=3092
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--------------------------------------------------------------------------------------------------------------------------------------- Here is the link to join the Jan 2014 Contest: https://fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=contestDetails&contestId=3092
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Here's a possible swing trade I am watching on GBP/JPY. Similar to the EUR/AUD trade we had last week. Sell G/J @16970 S/L @ 1703 Close half and move stop to BE@16940 Final target 16625.
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Hi OB, Welcome to TL ! Don't be afraid to ask questions. -
Too late for December. I will start a Jan contest and post the join link in the next few days.
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I am seeing some strong bearish divergence on the MACD GPB/USD Daily chart. I am usually a S&R trader. But as far as indicators go I have found MACD divergence to be the most reliable. I will be looking for a break on the 1 HR TF. looking for a test of the 15870 low on the Daily. Where BTW we have a missed Weekly Pivot, ( about 6 weeks old ).
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This trade has been nice to me. But, it is Xmas Week after all.so I am closing it out. Holidays weeks such as this, either nothing happens, or very strange things happens I probably won't be doing any trading or the rest of the year.
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Welcome to Traderslaboratory Jabeen. Remember, there are no stupid questions, only stupid answers -
-------------------------------------------------------------------------------------------------------------------------------------- Still looking good. On our way to this week's weekly pivot.
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This trade has opened for me and is doing nicely. I got in shortly after posting the above post. I am currently up 87 Pips and have moved my Stop to BE.
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EUR/AUD has been overbought for quite some time now. We have several missed weekly pivots as well, and some serious divergenge on the MACD. If we see a SOLID close below the 62 EMA ( the red moving average ) I am going short. Move Stop Loss to BE at 15300 and a final Take profit target of 115050
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Well this one just stopped out. You get these trade maybe 15 - 25 times a year. We will wait for the next one....Right now EUR/AUD has several mised daily and weekly missed pivot points. with one being at 14300 but no sell signal yet. It is way over bought. and has divergence on the MACD. Just waiting to break a previous support.
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Here's what I have, still expecting to see a bit more out of EUR. Buy entry order @13845 TP 14000 S/L 13785
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"Don't ask yourself what the world needs; ask yourself what makes you come alive.And then go and do that. Because what the world needs is poeple who have come alive." ____Harold Thurman So, what makes you come alive ? I am not talking about the usual bullshit dreams, like owning an island, I am talking about personal accomplishment. One of the hardest things I have ever done was quitting smoking 27 years ago. Then running a Marathon 2 years later. It made me feel like I was the master of my destiny. So, what makes YOU come alive.
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I refer back to my earlier post. This IS like watching grass grow. We have been up and we have been down. Currently we are up 13 Pips. But, I am going to see this thru to the end. Hopefully on the next example we will have a pair that that moves with a little more gusto. I want to wait for the close of this trade before I explain the mechanics behind it. So, we'll keep watching.
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Will the FMOC Starts It's Taper ?
Mysticforex replied to Mysticforex's topic in Market News & Analysis
--------------------------------------------------------------------------------------------------------------------------------------- Heh, I also just realized that this Friday is Triple Witching Hour ! -
This Wedsday ( NY ) session. ( Dec 18th ) FOMC is scheduled to have an announcement on weather they will start to taper. Do yo think we will see rates of 2% ? I am not a big fundies guy so I would appreciate some opinions.
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Forex Price Action Scalping by Bob Volman Just bought it, havn't actually started it yet.
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The Advantages Of Trading Alone
Mysticforex replied to signalsprovider's topic in General Discussion
Hi Signals provider,For the most part I can agree with most if what you said. Are you talking about having other traders with you in the same geographic location ? If that's the case it would certainly not be my cup of tea. Several years ago I traded with a loose knit group of traders, never exceeding 3 or 4.. We were never in the same geographic location, We communicated by email or txt.. We all traded the same way for the most part. And the idea was that 8 eyes are better than 2. If things got really exciting, we would open up a Google chat room or something. Just my thoughts. -
--------------------------------------------------------------------------------------------------------------------------------------- The Monday Accelerator is over for now, But I looked at it anyway....I have an 11 pip spread. What the hell hell is goin on with that ??? Anyone know ?