Harmonic Trading - page 136
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Were you long? Now is really confusing. Your posts #1354 and #1355 show you went short USDCHF at 1.2512 with a stop at 1.2570 and later you show 25 pips up with the price at 1.2487 (currently at 1.2502). So you do have +10 for now.
Economic reports out of EU, although slightly positive, did not do much harm to USD. The Friday pullback to 1.2502 is infact and most likely the thretracement you talk about. Look for the uptrend to continue next week. If it does go up, will you be moving up your stop higher from 1.2570.
Regards.no confusion, if u just ckicked on the link in my post u will see I was long @1.2393 on 9/22, now i'm short @1.2512
here is the 9/22 link https://www.mql5.com/en/forum/173588/page86
move stop on usdjpy to 118.35
stopped out -> -83 pips
update
EURGBP -> +80
NZDUSD -> +150
EURJPY -> -7
USDJPY -> -50 (20 pips away from getting stopped @-70)
and if u hold the GBPUSD up till now then it is ->+330
and if u hold the USDCHF up till now then it is ->+160
and if u hold the EURUSD up till now then it is ->+125closing EURGBP @.6775->+75 pips
closing NZDUSD @.6491 -> +170 pips
SWAP in Money Management
The impact of SWAP can make a difference between winning and losing trades for those who trade positions lasting more than 24 hours. Specially, those of us trading harmonics based on 4H setups may be in a trade for several days where SWAP can help or hurt your trade depending on whether you are long or short. SWAP is the difference between the interest rates for both sides of the pair that you will end up receive or pay for the duration of the position being held.
A suggestion for money management is to intiate a pair trade only in the direction that will result in a positive interest that you will receive and trade the opposite only to close the position. The forllowing table provides an example of recent SWAP rates for present and short term future (they are subject to daily change, but not significantly) that one need to consult before placing a trade.
Go Gators!
Symbo Buy Sell
EUR/USD $ -8.65 $ 7.20
USD/JPY $ 13.00$ -14.60
GBP/USD $ -3.50 $ 2.15
USD/CHF $ 9.90 $ -11.50
USD/CAD $ 2.65$ -3.20
AUD/USD $ 0.90$ -1.50
NZD/USD $ 3.25$ -3.75
EUR/GBP $ -7.00 $ 4.90
EUR/JPY $ 9.10$ -10.50
EUR/CHF $ 5.50$ -6.30
GBP/CHF $ 15.85$ -19.65
GBP/JPY $ 21.55$ -25.40
AUD/JPY $ 10.85$ -12.75
CAD/JPY $ 8.75$ -10.20
CHF/JPY $ 2.00$ -2.65
EUR/CAD $ -4.65 $ 3.60
EUR/AUD $ -10.75 $ 9.15
AUD/CAD $ 2.90$ -3.95
AUD/NZD $ -3.65 $ 3.00
NZD/JPY $ 10.95 $ -13.15
GBP/AUD $ -6.45 $ 4.85
EUR/NZD $ -16.80 $ 13.75
Carry trade
http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=get_topic;f=16;t=006972
Here's the standalone MM trading frame EOD with all the bells and whistles.
Maybe someone can reverse engineer this?
Out of respect for murrey, we can't have free copies of his software floating around the internet, so programmers who have already contributed to this thread can PM me for the password to the zip file.
http://www.sendspace.com/file/fv3nqt
bearish butterfly USDCHF H4
entry -> 1.2512
stop -> 1.2570currently -> +60 pips which is 1X initial risk, u can close 1/2 position here
currently -> +60 pips which is 1X initial risk, u can close 1/2 position here
currently trading @1.2405 -> +105 pips
Hey Guys
Check out this one
Three Drives & ab=cd
on the gbp\chf
abbas bin fernas
+100
ziko,my jpy appears pattern when it dropped to 118.15, do you think that even it hit the stop, when it drops back we should re-enter?