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  • #1,821
  • Nov 10, 2017 3:06am Nov 10, 2017 3:06am
EU

Short locked in at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB

Masterrmind............
Master your Mind then Master your Trades
  • #1,822
  • Nov 10, 2017 3:34am Nov 10, 2017 3:34am
Quoting Masterrmind
EU Short locked in at BE. {image} Masterrmind............
EU

Price reversed up just before hitting the 2/8 MML before taking me out at BE.
Attached Image

Masterrmind...........
Master your Mind then Master your Trades
  • #1,823
  • Nov 10, 2017 4:18am Nov 10, 2017 4:18am
Quoting OAPDave
If any one interested here are my thoughts, Murrey talks of a 64 square so that means we need to see a time cycle as well as a vertical scale, when we see this we get a 0/8ths & 8/8ths now much as we would like price is not going to go from top to bottom in a straight line, some periods within the 64 are going to see more directional movement than others indeed some 64 cycles are going to differ, so to combat this Murrey as other views, 64,32,16,8, so in the following screenshots I have attempted to attach a cycle to give me a clue to what the best...
Where does your opinion put price ... 1.68457 (5/8 MML on your D1 Chart but 8/8 MML on my M15 [64; 60]) before 1.66016 ?

Masterrmind............
Master your Mind then Master your Trades
  • #1,824
  • Nov 10, 2017 4:45am Nov 10, 2017 4:45am
Quoting OAPDave
{quote} I just go 96 15mins in a day so x by 64days = 6144 so that's what my chart shows I can than add my mini octave levels by hand {image}
Yes however I was trying to see where you favor price tagging first from current levels ... 5/8 MML or 4/8 MML on your first D1 chart Post 1824.

Are you game to say which level ?

Masterrmind.............
Master your Mind then Master your Trades
  • #1,825
  • Nov 10, 2017 6:02am Nov 10, 2017 6:02am
Quoting OAPDave
No idea I am only a noob, just like scalping, To be honest I would wait to see after today as we are on a cycle line, BUT if I predict correct do I get a mention in the HALL OF FAME {image}
Yes good response especially considering that we are trading on the last day of the week.

Probability wise one might choose UP since its far fewer pips.

Current price levels its about 70 pips UP (1.68457) compared to 170 pips Down to the 1.66 handle.

I'll go with Down since I'm heavily biased at this stage.

Masterrmind............
Master your Mind then Master your Trades
  • #1,826
  • Nov 10, 2017 7:30am Nov 10, 2017 7:30am
Quoting OAPDave
{quote} Nope I will go with up, but not today, your only talking through your pocket hahaha ( its only light hearted as I have nothing invested)
As its Friday and end of the week I might as well tell you how I feel, much as I love this thread it seems that its not interested many guys, certainly since the Challenge was issued only You, Eldero and myself have bothered posting, which tells me everything, I would like to keep in touch with yourself and Eldero but it will have to be by other means, as I have said a few times I thought the thread and FF was in general to meet and exchange view points on the topic chosen, you, Eldero and now through the thread Xard have given me plenty to think about and above all confidence to trade, but I see no point at all in showing the world and his dog what we are doing if we cannot add any more like minded guys to the team, think we have given it long enough now, through lots of things into the melting pot but it all seems fruitless. I hope you make it with the challenge but to me and I hope I am wrong it will bring nothing to the thread, so unless we can find another way its thanks, best wishes and goodbye
OAPDave
  • #1,827
  • Nov 10, 2017 7:53am Nov 10, 2017 7:53am
CHFJPY

1 short closed out.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 48 KB

Pending short MML grid orders have been deleted.

May revisit this pair on Monday and reassess a potential 'new' grid of pending orders based on PA, chart structure and the like.

One thing is forsure I will be on the lookout for several setups in MML mode.

ps. Safe practise is to always ensure that any pending orders have been deleted before close of trading for the end of week ...

Masterrmind............
Master your Mind then Master your Trades
  • #1,828
  • Nov 10, 2017 7:56am Nov 10, 2017 7:56am
The pocket associated with this challenge is far from being on fire but there is still plenty of gas in the tank so we shall see.

Masterrmind............
Master your Mind then Master your Trades
  • #1,829
  • Nov 10, 2017 8:02am Nov 10, 2017 8:02am
Quoting OAPDave
{quote} As its Friday and end of the week I might as well tell you how I feel, much as I love this thread it seems that its not interested many guys, certainly since the Challenge was issued only You, Eldero and myself have bothered posting, which tells me everything, I would like to keep in touch with yourself and Eldero but it will have to be by other means, as I have said a few times I thought the thread and FF was in general to meet and exchange view points on the topic chosen, you, Eldero and now through the thread Xard have given me plenty...
All the best to you OAPDave.

I will continue to battle on and show my trades either in education mode or in challenge mode.

All the while being transparent and professional.

I strongly believe that the challenge brings plenty to the thread in terms of presenting the 'real' trading not just hindsight waffle.

As mentioned numerous times the participation rate is woeful but since starting this 'challenge' I will allow it to run its full course unless I decide to end it based on no active competitors.

At the very least I will be in it until the end of November and probably much longer.

Time will tell.

Masterrmind............
Master your Mind then Master your Trades
  • #1,830
  • Nov 10, 2017 8:07am Nov 10, 2017 8:07am
One floating EN short will remain open over the weekend which is not to my liking but it is what it is.

Masterrmind............
Master your Mind then Master your Trades
  • #1,831
  • Nov 10, 2017 8:17am Nov 10, 2017 8:17am
How is your account progressing Eldero ?

As far as my challenge account is concerned its been going around in circles over the last 8 trading days and verging on BE.

Lets look for a better week ahead and some positive growth.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,832
  • Nov 10, 2017 8:21am Nov 10, 2017 8:21am
Here is a snap shot of my account for the end of week.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB

Masterrmind..........
Master your Mind then Master your Trades
  • #1,833
  • Nov 10, 2017 8:32am Nov 10, 2017 8:32am
Have a great weekend traders and I'll see you all here next week.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,834
  • Nov 10, 2017 9:17am Nov 10, 2017 9:17am
Quoting Masterrmind
How is your account progressing Eldero ? As far as my challenge account is concerned its been going around in circles over the last 8 trading days and verging on BE. Lets look for a better week ahead and some positive growth. Masterrmind...........
Hi Masterrmind,
Well things are going up and down and at this moment not very good. My equity is 950,00 Euro
I wanted to share a snap shot like yours, but data in myfx.xom are not correct. It says I am gaining +3350% but unfortunately it si not the case...

In my data here in ff ( click on my name ), there is the possibility to see my account with correct data
Sorry, I am not familiar with myfxbook

In general, I am not so happy with the way I traded in the past 10 days
I made a bit confusion, trying to trade firstly intraday, then daily time frame

Both in intraday and in daily I had lack of patience

Next week, I will try to do better

Have a great weekend to you and to the other traders
  • #1,835
  • Nov 12, 2017 7:23am Nov 12, 2017 7:23am
Quoting Masterrmind
{quote} UJ Weekly chart showing approximate 3 monthly ranges commencing January 2017 {image} Monthly Chart showing monthly pip ranges {image} Note: Color for shading does not necessarily suggest a bearish or bullish quarter ! Masterrmind...........
Hi Masterrmind,

I am posting fundamental view from Morgan Stanley for EU and UJ.

I am unable to located Purchasing power parity valuation for Euro and Yen.

If you can source the site, it will be very helpful to confirm the fundamental sentiment

I will be posting all kind of options trading scenarios after determining the bias and the time it may take to hit the targets.

Attached Image (click to enlarge)
Click to Enlarge Name: Bearish outlook for EU and UJ.jpg Size: 233 KB
views expressed by Morgan Stanley.
Practice makes a person perfect
  • #1,836
  • Nov 12, 2017 7:30am Nov 12, 2017 7:30am
Found some information on PPP for Euro

https://www.poundsterlinglive.com/eu...e-is-justified

“The ECB meeting is coming up next week and there are rising risks of verbal intervention from Mario Draghi... ECB verbal rhetoric may cause a correction but is unlikely to be enough to derail Euro strength,” says George Saravelos, a London based foreign exchange strategist with Deutsche Bank.
On the Purchasing Power Parity measure, Saravelos notes the EUR/USD pair should trade around 1.23 while fundamental and behavioural exchange rate models suggest values a couple of percentage points either side of the 1.23 could be fair.
Practice makes a person perfect
  • #1,837
  • Nov 12, 2017 9:30am Nov 12, 2017 9:30am
Yes bro ! Let's listen to the Gurus .... and loose our money quickly !
  • #1,838
  • Nov 13, 2017 2:34am Nov 13, 2017 2:34am
EN

Still in DD on the 1 lot short.

But I have applied a somewhat tame PLS grid to the short side with just a few trades at this stage.

Main reason being that 1 lot is already a floating loss so there is no need to overcook the recovery phase IF price decides not to continue down after collecting the other pending orders.

Good progress to the downside might mean additional shorts are placed but time will tell.

1 short @ 0.2 lots has triggered but price is jumping up and down in and around the 7/8 MML at this stage so its a patience game.

1 short @ 0.4 lots and 1 short @ 0.6 lots are pending.

ps. Pending entry levels align precisely with the MML grid on M15 [P=64; MMP=60].

Masterrmind.............
Master your Mind then Master your Trades
  • #1,839
  • Nov 13, 2017 2:46am Nov 13, 2017 2:46am
Shorter term setups with small stops might be traded.

Any entries will be shown either before or close to the time of entry.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,840
  • Nov 13, 2017 2:56am Nov 13, 2017 2:56am
On my radar

EURCHF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 62 KB

GBPAUD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 62 KB

GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB

NZDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 64 KB


Note: careful going long on the GBP pairs as they are happily dropping at this stage of the day!!

Masterrmind............
Master your Mind then Master your Trades
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