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- Maxpip22 replied Mar 12, 2011
Newby — I might be new to this forum but I am not new to forex. This is america and I will express my opinion as I see fit and I will trade how I want and as much as I want. PERIOD!
- Maxpip22 replied Mar 12, 2011
Your right — I have seen some of the garbage over there and I can understand your meaning.....LOL Malcolm seems to be a pretty decent trader so I will watch this thread. If Malcolm comes back and tells me not to post cerain things, then I will ...
- Maxpip22 replied Mar 12, 2011
Guys, Guys — I didnt mean to hit a nerve, but I guess I did. Sorry about that. That just my view. Never said anyone should trade this, just answered questions that were asked. What a mean person....
- Maxpip22 replied Mar 12, 2011
FYI — Another thing to keep in mind, trading this way you are always in a trade, "I am currently in 15 trades at the moment", ....LOL, my terminal flickers like a Christmas tree....LOL Seriously, the way I trade I dont have to worry about news ...
- Maxpip22 replied Mar 12, 2011
Stops — My stops are there just to secure in case of total collapse. Once my Daily SMA's are crossed telling me the trend is changing, I close all off. Keep in mind, I will pull everything once I get my set profit and wait for another pullback ...
- Maxpip22 replied Mar 12, 2011
Hi — I always tell all of my pupils not to even think about this way of trading with less than $50,000.00 account, PER TRADED PAIR. And even then you have to watch your margin. However, If you want to play with this you can go it with a ...
- Maxpip22 replied Mar 12, 2011
Well, yea, sort of — But in doing this I am tempering all that by trading only with LTT. The only way I can lose a trade is if there is a complete reversal, and that dont happen very often. By the time a reversal is finished I have made so ...
- Maxpip22 replied Mar 12, 2011
Example — I hope this answers your question. That i an approximation of what I do. There are a couple of spot buys in there that I do just for GP.
- Maxpip22 replied Mar 12, 2011
Another way to put it — I a trying to explain this so you can understand what I am doing. Example: The recent correction on Cable is currently 367 pips. That is 61.8 % Fib retracement from the move up from 1/25/11 and 38.1 % Fib retracement ...
- Maxpip22 replied Mar 12, 2011
You see — 1st chart shows trend going up. I pull fibs and buy at all Fib levels. I will keep buying as long as it goes down because I know for a fact it will go long again eventually because the trend is your friend. If the 76.1% level is ...
- Maxpip22 replied Mar 12, 2011
LOL — It may look strange to you but I am scaling into the long term trend. Never fails, just got to have deep pockets to do it. This is how I trade and been doing it for 25 years. Price just as to move 100 pips from the most recent buy limit ...
- Maxpip22 replied Mar 12, 2011
WOW — Someone in here finally found the real trend. Dont know why everyone thought trend was down. EXACTLY, 38% OF THE LAST MOVE UP!!!! Now if you look at the Pound you can see a Daily Hammer sitting on the 61.8% support line. See below.
- Maxpip22 replied Mar 10, 2011
WoW — Heard someone in here saying the G/U was in a long term down trend....whats up with that? Been trading for 25 years and it sure looks like an uptrend to me. This short is not a trend trade, this is a retracement. Mike
- Maxpip22 replied Feb 22, 2011
Bingo — Well we didnt get quite to 3480, but it was close enough. Nice retest of DTL. Mike
- Maxpip22 replied Feb 21, 2011
Yep — No doubt Gepp, I am seeing the same thing here. We are heading up sooner or later, but the bottom line is up. I trade Daily so I just bought once again for the first time since I pulled profit at 3707. Mike
- Maxpip22 replied Feb 18, 2011
hey — Watch the bouncing ball. Bullish wedge.
- Maxpip22 replied Feb 17, 2011
Ok — If this is going to retrace, it will be to the 3480 area. But me, LOL, I am with Malc and i am seeing 3730-3750 area before we get a noticable retrace, but only to pick up my Buy limit.....LOL Mike
- Maxpip22 replied Feb 17, 2011
A good pair — A good pair that work together are Stoch and 2line MACD on a daily chart. They hav never let me down and the Stoch will help with retraces. Jim
- Maxpip22 replied Feb 17, 2011
Just for GP — Inside Bar on weekly G/U
- Maxpip22 replied Feb 16, 2011
Personally — I can not see how someone can go short at this point.