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henry1000

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Everything posted by henry1000

  1. henry1000
    Darn good shooting ForexTraderX, on picking this bar as the low of the day in the USD/CAD. Is that because it was a pin bar on the 30 min chart and the bar went below the last significant low on Oct. 23 ? Also what is so special about parity – USD/CAD = 1.0000 ? Is it just a psychological thing or is there some thing else ? Thanks Henry1000 :cheers:
  2. henry1000
    Hello ForexTraderX: Your newsfeed sounds great. Which newsfeed are you using ? Thanks Henry1000
  3. henry1000
    Hello ForexTraderX: That's a great detailed post you made in the other thread, and yes that helps alot to explain your analysis and how you determine a directional bias. Great detail in your Canadian dollar COT graphic too. Where do you get your Canadian dollar-COT charts ? Is it from "www.upperman.com" which you mentioned in a previous post ? Thank You Henry1000
  4. henry1000
    Thanks ForexTraderX: Yes you cleared up a lot of my confusion about how you selected your winning USD/CAD long trade. The chart explanations were great. Just lots of good technical analysis on your part. Henry1000
  5. henry1000
    ForexTraderX: On your # 6 post, page 1 you said you look to see a strong trend as defined by the 20 ema above the 50 ema for a filter. See above quote. I understood that to mean for a long trade you need to see the 20 ema above the 50 ema with both sloping up as a condition for considering a long trade. But on your Oct. 18, 2012 #360 page p 45 you were saying you saw the easy trade for the day to be long USD/CAD. But on the daily both emas looked pretty flat and the 20 ema was not even close to being above the 50 ema at that time. So another rule or rules must have trumped the moving average filter. Please explain. And congratulations on your great call for this long USD/CAD trade, amazing. http://cdn2.traderslaboratory.com/forums/images/FH_Sahm/smilies/custom2/cheers.gif See chart.
  6. henry1000
    ForexTraderX: What days of the week and what hours during the day are you trading Forex ? Are there days of the week and certain hours that you consider to be the best times to trade Forex ? Thank You Henry1000
  7. henry1000
    Hello ForexTraderX: My crystal ball is definitely broken. They don't make them like they use to. The Oct 3 resistance level melted like butter. So I am looking forward to your explanation. Henry1000
  8. henry1000
    Hello ForexTraderX: Here's a 4 hour chart of USD/CAD which to me looks likes a double top is coming up to the Oct 3, 2012 Hi and not a good place to go long.
  9. henry1000
    Hello ForexTraderX: I don't see why you say “THE easy trade IMO today is Long in the USD/CAD”. On the daily, 4 hour and 1 hour chart it looks like USD/CAD is making a double top to the Oct. 3 High. On your post 309 page 39 you mentioned “a chart of the COT report net positions for both speculators and commercials.” justifying a bullish position for USD/CAD. But technically at this point I don't see an imminent long trade. Please explain.
  10. henry1000
    Hello ForexTraderX: For your longer term charts like the yearly and monthly charts what are you using for a data source ? Are you just using futures continuation charts which switch when the next month starts trading ? Or do you use other sources ? Thank You Henry1000
  11. henry1000
    Hello ForexTraderX: I just figured you took a awhile to answer my questions because you were busy watching the markets. I'm glad your still posting. Thanks for the answers :-) Henry1000
  12. henry1000
    Congratulations on your great trades and thanks for the explanations of your thought processes.
  13. henry1000
    Thank You This is an excellent method for picking the strongest and weakest currencies for the Forex pair to trade. I like your style of trading and the amount of risk you typically take on a trade. I personally would prefer intraday trading because of the tighter stops and quicker feed back from the market. 1. On your charts showing the horizontal Market Profile bars what does green and red mean ? Does it mean up volume for gree and down volume for red ? 2. What time zone are you trading in ? I saw your spreadsheet table showing account performance for 9-6-2012 showing entry and exit times but I wasn't sure what time zone that was for. Also I was trying to match up your post times with my Forex charts but I wasn't sure what your time zone was. 3. And what chart program are you using to see market profile and VSA ?
  14. henry1000
    ForexTraderX Thanks for taking the time to answer my questions. Btw your market charts are exceptionally clear and well thought out, like your answers. Can you tell me what your win rate is and ROI % ? Also which of the markets that you trade do you find trend best ? Which futures emini or Forex pair would you suggest for a beginner to trade ?
  15. henry1000
    ForexTraderX Thank you for providing this interesting and informative day trading thread. Your methods for analysing the markets looks very good. I have some questions if you don't mind: 1. Are you trading using a Forex broker or a regular futures broker like Interactive Brokers ? 2. Do you trade currency futures on the CME or with a Forex broker using their interbank price quotes ? 3. What intraday time frames are looking at when trading ? You mentioned an hourly pin bar on a currency trade in one of your posts ? Is that your shortest time frame ? 4. You mention entering at certain price levels. How do you enter ? Do you enter long for example using a buy stop ? 5. Once in a profitable trade, how do you move your stops ? Do you use moving averages or trend lines or previous S/R to determine your stops? 6. When trading how many days in the past do you look at to determine S/R. 7. For futures trading do you just look at RTH charts or 24 hour charts ? 8. What is your expected reward/risk per trade ? In other words if you had a 10 point stop would you be looking for at least a 20 point gain ? 9. How long are you in a typical day trade ? 10. Do you look at volume ? Looking forward to your answers
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