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Mouteki Trading

  • #3,301
  • Oct 10, 2006 6:35am Oct 10, 2006 6:35am
hi...


Hi Nipper......what other thread....what did I miss....lol
  • #3,302
  • Oct 10, 2006 6:43am Oct 10, 2006 6:43am
Hi,

Is there a monster coming thru with next candle of GBP/USD - projection of 458 pips?
  • #3,303
  • Oct 10, 2006 6:45am Oct 10, 2006 6:45am
for fun.weekly 12950/12450=500pip ent 12778 tp 12228daily12832/12632=200pip ent12778 tp 12578 worked missed market action 8p1p
daily12938/12456=482pip ent12767 tp12285
funny how some ent are so close.
  • #3,304
  • Oct 10, 2006 6:52am Oct 10, 2006 6:52am
Actually being the dump-ass I am I suddendly got the feeling that my gbp/usd shorts would turn against me and so I closed them to 0pips. I opened them @1.8670, well my own fault.
  • #3,305
  • Oct 10, 2006 6:59am Oct 10, 2006 6:59am
Quoting Angler
hi...


Hi Nipper......what other thread....what did I miss....lol
Angler,

Blueshift posted a trade this morning on the cable in a new thread he created, there was a lot of action .........

http://www.forexfactory.com/forexfor...ead.php?t=8888
  • #3,306
  • Oct 10, 2006 7:09am Oct 10, 2006 7:09am
hi...


Yes Nipper I went looking and found it up there...thanks..

Kateeus....yep your fault...but its something you have to learn to do...stay calm set your stops..and wait...its very easy to pullout and many do it...actually I was guilty of the same thing the other day..mine was I waited long enough...but that in itself is not a good reason to close a trade
  • #3,307
  • Oct 10, 2006 7:13am Oct 10, 2006 7:13am
Did anyone see a long signal on this pair yesterday by any chance?


Or was that just me?
Nothing is hard, some things just take more time and discipline.
  • #3,308
  • Oct 10, 2006 7:13am Oct 10, 2006 7:13am
Quoting Angler
hi...


Yes Nipper I went looking and found it up there...thanks..

Kateeus....yep your fault...but its something you have to learn to do...stay calm set your stops..and wait...its very easy to pullout and many do it...actually I was guilty of the same thing the other day..mine was I waited long enough...but that in itself is not a good reason to close a trade
Yeah fire and forget applies pretty well in here I think.
  • #3,309
  • Oct 10, 2006 7:25am Oct 10, 2006 7:25am
Quoting kateeus
Actually being the dump-ass I am I suddendly got the feeling that my gbp/usd shorts would turn against me and so I closed them to 0pips. I opened them @1.8670, well my own fault.
Yep! Happens to all of us kateeus! This is a perfect of example of trading that can wreak havoc on your emotions/psyche. I've learned not to beat myself up over these kinds of situations. I get over it quickly and move on. I have to! Either that, or admit myself to the loonie bin.......LOL! :surprised

There's always another trade......
  • #3,310
  • Oct 10, 2006 7:32am Oct 10, 2006 7:32am
USD/CAD target price projection is 86 pip currently, just went long. Check it out.

http://8.15.8.198/gif/GAND_QABADemo.gif
  • #3,311
  • Oct 10, 2006 7:57am Oct 10, 2006 7:57am
just gotta love the price action shoulder-head-shoulder, according to my calculations this is going down to about 1.8307, took short @1.8667 so far 120 pips up YEAHHHHH!
Egyptian and proud of it!
  • #3,312
  • Oct 10, 2006 8:15am Oct 10, 2006 8:15am
Quoting altin2007
USD/CAD target price projection is 86 pip currently, just went long. Check it out.

http://8.15.8.198/gif/GAND_QABADemo.gif
Hi altin2007.
Why did you use the second high to plot the trend line and not the high which was 6 bars to the right? Was it because this indicates a stronger resistance?
I'm just getting to know this system and I would appreciate the help.

Thanks
  • #3,313
  • Oct 10, 2006 8:35am Oct 10, 2006 8:35am
I took a short @ 1.8666, currently +125 pips we're at a strong resistance right now, we could be up for a consolidation period. Go Bears!
  • #3,314
  • Oct 10, 2006 8:41am Oct 10, 2006 8:41am
as i told you...just in 1hr made 43pips=430$ still going up...
  • #3,315
  • Oct 10, 2006 8:51am Oct 10, 2006 8:51am
ssotiro;cuz its indicates a stronger resistance, you correct and remember to draw your line right to left. do you have the study guide? if u dont let me know.
  • #3,316
  • Oct 10, 2006 8:55am Oct 10, 2006 8:55am
I didn't take this trade, but just curious for those that did. Did it not go down +40 for you to set the +10 and it hit the +10 a few candles later?

According to my chart it did. I wonder if the +40 should not apply to the major movers, so trying to see a pattern here. Obviously now we can say it was better to stay in now. Plus if you didn't do a +10, when it went against you later on in that spike, if you were watching you'd be mad at that point. Just curious what happened on your charts, and if you just ignore the +40 move (or maybe it didn't happen that way on your charts)

Thanks.

http://picnac.com/images/6968gbpusd.gif
  • #3,317
  • Oct 10, 2006 8:58am Oct 10, 2006 8:58am
Thanks altin2007. I have the guides posted by moutekitrader.
I will spend some time goind through everything and try to understand it as much as I can. So far, the "middle of five" rule was the one I was looking, but I will consider other, stronger trends.
By the way, there are no indicators posted for this system, right? At the moment, I am drawing my own trandlines.

Thanks again.
  • #3,318
  • Oct 10, 2006 9:11am Oct 10, 2006 9:11am
Hi llambert,

I got in late at 8668, so I guess in this case I just got lucky as I was at no point up 40, until the big drop early this morning. Just blind dumb luck. But what do you mean "+40 should not apply to the major movers." ?

best
hk
Quoting llambert3
I didn't take this trade, but just curious for those that did. Did it not go down +40 for you to set the +10 and it hit the +10 a few candles later?

According to my chart it did. I wonder if the +40 should not apply to the major movers, so trying to see a pattern here. Obviously now we can say it was better to stay in now. Plus if you didn't do a +10, when it went against you later on in that spike, if you were watching you'd be mad at that point. Just curious what happened on your charts, and if you just ignore the +40 move (or maybe it didn't happen that way on your charts)

Thanks.

http://picnac.com/images/6968gbpusd.gif
  • #3,319
  • Oct 10, 2006 9:13am Oct 10, 2006 9:13am
ok this is what i did check the drawing

http://202.161.164.236/gif/GAND_QABADemo.gif


projected target price is 1.366 but jus to be safe i sold mine on 1.323 took %50 of the 86pips gain which was 43pips.
  • #3,320
  • Oct 10, 2006 9:20am Oct 10, 2006 9:20am
The GBP/JPY we got from the alert seems pretty good... I liked the look of the H4 chart for a down move, so this confirmed it.
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