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- 42 Results (1 Thread , 41 Replies )
- femi94ce replied Dec 27, 2022
In my opinion, M&W is one of only two games the market makers have in their arsenal. The other one is the head and shoulders pattern. But there are few caveats. I trade M pattern at the top of a bull run and W at the bottom of a bear run - higher ...
- femi94ce replied Sep 22, 2015
September 14 and 21 GBP/AUD - giNORMOUS stop grabs (+1000 pips) that do not appear on any other broker's platforms. I just got access to the live trading server and this is a HUGE red flag. I'll be withdrawing my deposit as soon as I can. Crooks.
- femi94ce replied Jul 28, 2015
I believe this. I noticed that I needed to have a "stop and reverse" strategy for persistent trending. Once I put one in place I stopped bleeding - it's a simple indicator I was able to discern from the chart patterns that is reliable between 75 and ...
- femi94ce replied Nov 5, 2013
Box settings are 25 pips above the Tokyo channel high and below the channel low. Box is 25 pips deep. Put the image in your MSPaint program and draw horizontal lines to the right of the top and bottom of each box until the line touches the numeric ...
- femi94ce replied Nov 4, 2013
Well, that pretty much sucked. LOL. My stop and reverse was triggered, but the GJ failed to fulfill its ADR potential. Which should have been no surprise with all the big resistors on the higher TF charts. NEXT! LAFF
- femi94ce replied Nov 3, 2013
OK. I watched the GJ price all weekend at xe.com, so I was looking for a gap open, and there it was. But the spread widened to 14 pips as well, effectively nullifying any profitability in a 29 pip move. So per the charts above I am short the GJ @ ...
- femi94ce replied Nov 3, 2013
You are right. LAFF
- femi94ce replied Nov 3, 2013
Yes I see what you are talking about. I think your trading style and mine are a bit different. I would probably close my trade day before at +50 when the momentum died and sit out the FOMC, then take a long based on the pattern formed in its wake. ...
- femi94ce replied Nov 2, 2013
Well I'll be dipped in butter, and so it is. LAFF
- femi94ce replied Nov 2, 2013
It's a good suggestion. It would depend on how much I was looking to sacrifice. I'm not greedy, and the market has spanked me often enough for me to be OK with a bird in the hand. It would also depend on the formation and where the price was vis a ...
- femi94ce replied Nov 2, 2013
So here are a couple of setups I'm looking at for market open tomorrow. Both are short, looking to grab 60 pips or more. The EJ is a short based on incomplete formation of the 50 and 100MAs. This pair looks to be gathering steam over the next couple ...
- femi94ce replied Nov 2, 2013
Best laid plans indeed. LOL I'm really trying to prove this to myself, and I'm going in with eyes wide shut...er...open. This is not my first kick at the cat. You'll see that when you look at the live account. My previous live performance has been ...
- femi94ce replied Nov 1, 2013
That's a strong formation on the day chart. Nice position. A couple of possible scenarios I can see playing out early in the week: 60-90pip retracement to 1.5985 or thereabouts before heading back south, and/or a 100 pip push south to 1.5821 or ...
- femi94ce replied Nov 1, 2013
This right here is the problem with all the "gurus". It's easy to Monday Morning Quarterback a chart. Being able to see the setups in realtime, as they happen, requires a kind of clarity and mindset that I can only hope, after many years, I have ...
- femi94ce replied Nov 1, 2013
OK I'll try to do that. Thanks for the suggestion. GBP/AUD because right now its ADR is 30% higher than most of the other pairs. In ideal conditions, in a perfect entry and exit, I can only expect to make 70% of the available ADR. Typically I will ...
- femi94ce replied Nov 1, 2013
Yeah that's a hard lesson getting spanked by the FOMC. I have several blackout days during the month. Last day of the month - no trade day unless signals are very clear Last Friday of the month - no trade day NFP - exit all positions 30mins before ...
- femi94ce replied Oct 31, 2013
Short GBP/AUD 1.6955 target 1.6925 Price bounced @ 2 pips above target. Trade closed 1.6953.
- femi94ce replied Oct 31, 2013
Thanks for having a look. Demo doesn't really count, but it's useful for test driving a system. I feel encouraged. LAFF
- My Ten Thousand Dollar Challenge
Brokers sell you the dream. Get rich overnight playing the spot 4X, only a small deposit necessary. ...
- femi94ce replied Mar 7, 2012
Hi unknown, Thank you for the update. I just discovered your thread and it is hugely helpful - it's filled more than a few blanks for me. Would soooo appreciate installments 4,5 & 6 whenever you're ready. Wishing you and your family members all the ...