Disqus - Latest Comments for cristianloga

Re: Forex Trading Strategy

cristianloga — Tue, 29 Sep 2009 13:30:58 -0000

Thank you for clarification.

Re: Forex Trading Strategy

cristianloga — Tue, 29 Sep 2009 00:50:32 -0000

"Thus, IMHO, its more useful and appropriate to help the traders to identify those market conditions FIRST and THEN discuss on the various and most effective startegy to trade in those appropriate market conditions/sentiments."

VT, I clearly see that the chart above represents a trending market. Would you be kind enough to spell out what other market conditions this strategy may apply to? I am afraid that if I apply the strategy to other-than-its-intended and already illustrated market conditions I could lose money...

Re: Automated Forex Trading - Testing, Testing, 1, 2, 3

cristianloga — Wed, 23 Sep 2009 12:50:03 -0000

Hello Mark,
what you described above is great advanced stuff, but I feel like I am too slow and too furious to learn something now, for I would never catch up. However, I see the benefits of these systems and I do use two automated systems on VT Trader. In one I would like to implement a pip buffering script for entries to eliminate fakeouts. If you could find some time to look into this would be really great. This does take programming skills, which is something I totally lack…
Thanks in advance for your time.

Re: Eur/Usd:New Trading Methods

cristianloga — Tue, 22 Sep 2009 13:22:39 -0000

Hi Casey,
Regarding what you just said would you know a good tool to monitor all the US markets?
Also, an elaboration on how these markets impact the valuation or inflation of the $ could be appreciated by your followers....as it should be part of their fundemental analysis.

Thanks in advance.

Re: Eur/Usd: My System

cristianloga — Tue, 22 Sep 2009 11:30:22 -0000

Thanks Casey, I made some pips on this trade setup... but most importantly, I just noticed that proact charts are almost like another Daily Opening Range system based on Median Daily Range (yet it plots signals within the range hence the difference) in conjunction with other powerful indicators like Pivot points Fib ratios for exits... I wonder if it has a pip buffering system for entries to eliminate some initial whipsaws and fake signals...(otherwise you 're at risk when engaging those sometime misleading red and green arrows)

Re: Eur/Usd: Technical and Fundamental Forex Trading This Week

cristianloga — Sat, 05 Sep 2009 19:49:10 -0000

Have a joyful Labor Day!

Re: 45 Ways to Avoid Losing Money Trading Forex

cristianloga — Sat, 05 Sep 2009 15:41:42 -0000

There is a fine line in relying and over-relying in this one:

Over-Relying on Risk Reward There is zero advantage in risk reward; if you put a 20 point stop and a 60 point profit your chances are probably 3-1 that you will lose; actually with the spread its more like 4 to 1 (from entry point if it goes down 17 points you lose or up 63 you win; 17/63 is close to 4-1).

Re: Conversation With a Struggling Trader

cristianloga — Sat, 05 Sep 2009 14:27:52 -0000

Thanks Casey, since you asked, the NFP for me was quite an experience...I was focusing too much on USD/JPY (in case NFP resulted in a weak USD) but the pair was so volatile in the first 5 minutes that I could not enter any trades. USD/JPY was also contradicting the EUR/USD moves which is the reason I entered long EUR/USD being stopped at minus 30 pips. I should have waited more on EUR/USD to see the established trend. Although I keep an eye on it I do not like to trade EUR/USD in NFP. Then I gained back the lost pips on EUR/USD steady retracement an hour later. Actually I made more pips on the retracement but same lost $ amount:) Crazy huh?... I should have used USD/CHF (like you did) or the cable, or stay out like Wayne McDonnell advised on fxstreet. Still learning...

Re: Eur/Usd: Still in trading Range

cristianloga — Fri, 04 Sep 2009 01:01:19 -0000

Tanks for posting the USD/AUD...I will use your charting software in the not too distant future.

Re: Conversation With a Struggling Trader

cristianloga — Fri, 04 Sep 2009 00:38:20 -0000

Forex did not “drive me crazy” like you experienced. After losing some money, I came to realize that even if I am not an expert in statistics, chaos theories, or fractal geometry, I can still make money if I manage to collect enough data regarding news that impact the market for a predetermined period of time. So if you are a part time trader like me, try this: focus on one or two news that impact the market (like NFP tomorrow) and collect in advance as much data as your spare time allows it, on countries whose currencies you plan to trade. You will trade during the most predictable time of the market (because majority of the people are capable to interpret “+” and “-“alike) so logically, you could risk more than the safe and sound risk management rules would otherwise allow you during normal market conditions (or under more technical analysis conditions per se). Some of you will comment this, I know, but I stick to what I just said. However, respect the rules of engagement and wait for the world to acknowledge the news. Do not trade if you see moves that do not establish a trend, because you’ll have plenty of other trendy pairs to choose from. Then, on a 1 minute chart, try to spot a pullback and get in while still on the initial trend. This is very important because the market moves up and down very fast. Counteract the risked capital by trading 3-4 pairs just in case the North Korean cook smth up without giving us the heads up and the USD/JPY contradicts your initial prediction. (a better example would be news on the same subject matter released at short time intervals in both Europe and US etc) or a strong JPY tomorrow after the Japanese elections... I try to place the last opened position on the pair safest to trade (strongest vs weakest) and close at the exhaustion of the news trend. Have a live session from fxstreet or some other website running in parallel just in case you missed something or did not have time to do your homework. Try this at least once with micro lots or a demo account and see if it works Roger. There is no need to give away more money…

Re: Euro/Dollar Trade Setup

cristianloga — Mon, 13 Jul 2009 00:22:03 -0000

I noticed that the price can fluctuate at a resistance level for quite some time but most of the time would be driven more aggressively towards the break off point, especially when is also the direction of the trend. The swings may also be bigger in the same direction... This is best seen on a 5 min- 1 min chart.

Re: Euro/Dollar Trade Setup

cristianloga — Mon, 13 Jul 2009 00:01:11 -0000

I was short from 1.3965 (risking after the first little bounce off the resistance). Excellent tech analysis…and there is no news out there to change the odds. thanks Casey.