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Extraordinary Draw Down Eliminator Indicator 16 replies

What is your trading style (when not trading data) 24 replies

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Attachments: Extraordinary trading style by 5ysfx
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Extraordinary trading style by 5ysfx

  • #21
  • Quote
  • Sep 8, 2008 3:22am Sep 8, 2008 3:22am
So the time has came finally

Cyan line should be new trendline of carry trading ;D

Plan is simple
Will buy all near that line,
constantly bigger amounts and will be collecting interest

let see how this works
thats my debut here wit carry so im excited


Note to image :
these longs are TP of my current shorts
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot2.png Size: 25 KB
  • #22
  • Quote
  • Sep 8, 2008 5:38am Sep 8, 2008 5:38am
closed one of aj short for +42 pips
and went long on aussie small posi because very risky trade.
targeting 30-50 pips
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aussie2.png Size: 27 KB
  • #23
  • Quote
  • Sep 8, 2008 6:59am Sep 8, 2008 6:59am
closed my aj second short for +160 pips
averaged aussie longs
first small buy of aj for carry purpose
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aussie4.png Size: 25 KB
  • #24
  • Quote
  • Sep 8, 2008 9:26am Sep 8, 2008 9:26am
shorted usd/chf
target has been shown in previous post
Attached Image (click to enlarge)
Click to Enlarge Name: udchf.png Size: 32 KB
  • #25
  • Quote
  • Edited 12:57pm Sep 8, 2008 12:28pm | Edited 12:57pm
added more longs
aj is almost on purple line of window if will make new low then i close this trade.

Bounce biiiitch !
  • #26
  • Quote
  • Sep 8, 2008 1:07pm Sep 8, 2008 1:07pm
Too soon for this but this is very probable scenario
Attached Image (click to enlarge)
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  • #27
  • Quote
  • Sep 8, 2008 2:09pm Sep 8, 2008 2:09pm
lesson from today

Be patient and trust myself ffs.

Now is time for takin profit and go long for aj and others carry ehh,

Me vs ego = 0:1

Time to sleep night all.
  • #28
  • Quote
  • Sep 9, 2008 6:17am Sep 9, 2008 6:17am
Assumption :

This month is USD TP month (correction)


updated chart for audjpy


yellow line -TP trendline - TP 1/3 of posi near there
white line - rabbit line -small long near when price bounce(never catch the knife wait for confirmed bounce) - below short other carry for instance ej or gj for quick profit.
cyan line - carry trendline - long more and more - when broke close aj longs and leave short other carry pairs.

Note

Below means candle must close at daily TF. (6:00 am CET)
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot1.png Size: 44 KB
  • #29
  • Quote
  • Sep 9, 2008 8:36am Sep 9, 2008 8:36am
Quoting 5ysfx
I decided to start a new thread because I'd like to gather all my charts in one place.
Purpose of this journal is to share the uncommon knowledge and to fight and win with ego of mine .
also I have a short memory so want to keep my ideas alive.

So lets start

I am focusing on a few pairs only from now (3.09.2008):
1) EUR/USD(or USD/CHF) aussie, kiwi - follow the white rabbit style also called equilibrium style. Just love to name stuff into my way.
FTWR
equilibrium style
2) EUR/AUD and SILVER trade with - level trading
level trading
entry/exit explanation
3) AUD/JPY - carry trading
There wasnt occasion to show it since i had joined this forum, frankly speaking i lost on this but recovered very quickly when usd bullrun became a fact
4) Momentum, stochastic and emas based trend continuation entry
my swing technique

All charts should be self explenatory I believe if wont then just ask me
---------------------------------------------------------------------------------------------------------------------------------------



Here we go with first chart showing eur/usd
I used here only EW strategy + momentum + a few trendlines

Red fibo lines respresent lenght of wave 1
Yellow fibo lines represent lenght of wave 3


Wish you good luck with your journal..
...
  • #30
  • Quote
  • Sep 9, 2008 8:42am Sep 9, 2008 8:42am
Hi 5ysfx,

Just wondering, are you not using elliott wave to trade??

Got to know from Elliott wave thread that your knowledge in waves are pretty good.
  • #31
  • Quote
  • Sep 9, 2008 8:48am Sep 9, 2008 8:48am
Quoting Blue bottle
Hi 5ysfx,

Just wondering, are you not using elliott wave to trade??

Got to know from Elliott wave thread that your knowledge in waves are pretty good.
Many times i misscalculating the waves by 50-100 pips
So i apply EW only to near term
Long and medterm is dominating by breakout system,candlestick patterns, price averaging and we can say gann grid modification -i prefer to call it harmony pattern.

Thaks for ur reply here i thought no one read this miserable thread
Cheers
  • #32
  • Quote
  • Sep 9, 2008 9:32am Sep 9, 2008 9:32am
It does look nice so i add


Medterm subaccount

Long
silver at 1191
aussie at 8080

Short
euraud at 1742
usdchf at 11357
  • #33
  • Quote
  • Sep 9, 2008 9:49am Sep 9, 2008 9:49am
added silver at 11600 if drop below i will add more till 10.
  • #34
  • Quote
  • Sep 9, 2008 12:29pm Sep 9, 2008 12:29pm
Ok bought again bigger posi audjpy at carry trendline.
Now i must be patient and trust my analysis this is hardest part of FX



short again euraud at 17520 for medterm plan.
Attached Image(s) (click to enlarge)
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  • #35
  • Quote
  • Sep 9, 2008 3:09pm Sep 9, 2008 3:09pm
short euraud at 17570 this sucker must go down soon
  • #36
  • Quote
  • Sep 9, 2008 7:17pm Sep 9, 2008 7:17pm
all my aussie orders have been activated.8027 and 7997

Now i have

Short - averaged posis

euraud 17626
usdchf 113170

Long - averaged posis

aussie 8043
silver 11800


Soon should be proper time for dollah sell off.
  • #37
  • Quote
  • Sep 9, 2008 7:37pm Sep 9, 2008 7:37pm
went long kiwi at .6666
1st TP 6820
  • #38
  • Quote
  • Sep 10, 2008 12:30am Sep 10, 2008 12:30am
Daily chart
Price has closed between red and purple line in the begining of time window this mean undecision.However this is very strong bear trend
momentum pointing down and stoch are max out.Traders seem like respect new trendline(cyan and dash cyan) at least for now

3H chart
Waiting for close above purple at 3H - this should triger bull side.In other hand close below red line will be strong short signal.First time i see such downmove when stochastic and momentum suggest this is bullflag, hmm ?

yen index approaching to strong resistance let see how Albion boys wanna play out.
Attached Image(s) (click to enlarge)
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  • #39
  • Quote
  • Sep 10, 2008 10:19am Sep 10, 2008 10:19am
Well trendlines should be valid
Now we need at least 7H of bullish candles (heikin ashi)
According to 7h theory should be approx. 14h of upmove

Yen index is pointing down after trendline break will trigger carry trade again

Medterm positions turned to positive almost all finally
Should be fine

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: snapshot2.png Size: 57 KB
Click to Enlarge Name: eu1.png Size: 13 KB
  • #40
  • Quote
  • Sep 11, 2008 9:42am Sep 11, 2008 9:42am
Well what to say, very bad trades
im out of all counter trade trades
im out of forex for couple of weeks
Seems i got clear picture now finally
All of this analysis is simply crap




later
Wish u best all
Trade well.
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