6E 2-8-10


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  • lordalfa
  • 8-Feb-2010 at 2:14 PM
  • Rep: 140
  • Posts: 264
Projection from Friday's low met 13710.

Today's 1hr projection to 13633 is not met.

Profitable trades today has been 2 from 13710 and 13703.
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6e 03 10 282010 60 min 1

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eurusd 2 8 10 daily
  • 0
  • JMYOD125
  • 8-Feb-2010 at 10:15 PM
  • Rep: 90
  • Posts: 43
Lordalfa, when price gets close to a projection do you use any indicators/stochs to dtermine if you will enter the trade or do you just set it and forget it?
  • 0
  • lordalfa
  • 8-Feb-2010 at 11:15 PM
  • Rep: 140
  • Posts: 264
Usually it overshoots. So I will place the stop limit orders.

eg, if the price has gone above projection, wait for it to come back down and sell stop limit. vice versa for buys.
  • 0
  • JMYOD125
  • 8-Feb-2010 at 11:24 PM
  • Rep: 90
  • Posts: 43
Gotcha!! Thanks for the help and the charts.
  • 0
  • lordalfa
  • 9-Feb-2010 at 10:37 AM
  • Rep: 140
  • Posts: 264
See the recent daily projection of the MT4 chart? I use that on both the MT4 trade and Ninjatrader as a reference. I place the buy at 261.8%. I loaded up on the FX with 4 lots. Took 2 off at 50 pips. The next 2 are taken off today.

I have +6 pips more because it is a buy for overnight holds.

The MT4 charts sets where I would go. Yesterday was long.

Daily projections are useful. The reason why I used MT4 with 6E because the daily, weekly and monthly charts are free with MT4.

If I may be bold, I will project the 2 bar projection from Friday's low to Sunday's high and target 161.8% for the bounce down.
  • 0
  • lordalfa
  • 9-Feb-2010 at 11:13 AM
  • Rep: 140
  • Posts: 264
Sorry. +$6 for overnight buy held.
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