Forex, Futures

3/12/2012

12.03.2012 Today no news.

Im watching AUD/USD and GBP/USD on rest pairs I dont see any potential trades.

6 comments:

Unknown12 March 2012 at 08:12
do you see buy signal too in AUD/USD and GBP/USD?
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Unknown12 March 2012 at 08:40
Yes. But i hope they will fall down a little bit and after it I will open longs.
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Unknown12 March 2012 at 08:47
USD may be lower today accros the board ahead of EU summit.I bought EUR/USD just a moment ago
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Anonymous12 March 2012 at 10:28
Little bit? To which level ?
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Unknown12 March 2012 at 12:53
@Anonymous

Now maybe USD will be stronger due to German Bonds Auctions didn't reach target.Raise fear about contagion in european debt crisis and trader will go safe haven currencies like USD,just my opinion
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Unknown12 March 2012 at 13:00
I posted screens with levels. You can be right but safe caurrencie about USD is risky definition. EU is still much stronger than USA, nad Greece is just like one little USA state.
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Trading Strategy

1. Simple Elliot waves - just 5waves moves and ABC corrections.

2. Fibo Retracements and Projections - if i see group of Fibo close to each other i will marke this level as potential reversal.

3. DTOSC indicator (it can be stochastic too). When i get signal on bigger time frame on fast DTOSC (1h for forex) im moving to smaller (15m or 5m) and im looking for signal on slower DTOSC if i get it all i open position.

Im very sorry - I didnt explain what is buy/sell signal.
Its like in every oscilator with overbought/sold zone. If faster line cross slower from below its buy signal when its in "bottom" zone. Sell signal is when faster line cross slower line from top in "upper" zone.

4. Position size: im opening 2 positions with 2-3% risk. 1 is short term and 1 is long term.

5. Manage of positions: no TP, positions close by SL. SL will be move different for both positions.

DTOSC indicator: HERE