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Can I make 40% per month consistently

  • #121
  • May 20, 2007 11:53pm May 20, 2007 11:53pm
do u know how they're calculated
  • #122
  • May 21, 2007 12:01am May 21, 2007 12:01am
I'm tempted to say you have lies, damn lies and statistics (not sure who said that) so I'll say its programmed into the software.
  • #123
  • May 23, 2007 11:06pm May 23, 2007 11:06pm
hey Dave,
I was wondering if you could post the 4 hr statistical high/lows for the GBP/USD around 3am my time when i post my levels. I want to see if they match up well consistently.
  • #124
  • May 23, 2007 11:36pm May 23, 2007 11:36pm
Quoting brxxt
hey Dave,
I was wondering if you could post the 4 hr statistical high/lows for the GBP/USD around 3am my time when i post my levels. I want to see if they match up well consistently.
OK midnight est (+ the 4 hrs following) S 1.9892, then S 1.9911.

B 1.9833 since adjusted to B 1.9845.

Important to note on a massive news day like yesterday these figures will get blown away.

They adjust during the day when they hit work very well. On jpy yesterday 1.30 pm est was within 7 pips and 9.30 pm est jpy correct to the pip.

In a strong uptrend for example if it hits the stat high and moves down keep stop close and move to breakeven very very quickly, if it turns around you're in the run early if it pulls back 15-20 pips and carries on up you've had a nice scalp.
  • #125
  • May 24, 2007 11:21pm May 24, 2007 11:21pm
Initial buy sell areas this am:

Buy 1.9825 then 1.9810, sell 1.9880 then 1.9895.
  • #126
  • May 25, 2007 12:39am May 25, 2007 12:39am
Quoting Vantage
Initial buy sell areas this am:

Buy 1.9825 then 1.9810, sell 1.9880 then 1.9895.
1.9877 provided a nice 20 pip sell.

If we get back to 1.9840/45 area looking to buy.
  • #127
  • May 25, 2007 1:49am May 25, 2007 1:49am
Quoting Vantage
Initial buy sell areas this am:

Buy 1.9825 then 1.9810, sell 1.9880 then 1.9895.
Another sell opp at 1.9878 just after 3.30 est.
  • #128
  • May 25, 2007 1:56am May 25, 2007 1:56am
Quoting Vantage
1.9877 provided a nice 20 pip sell.

If we get back to 1.9840/45 area looking to buy.
Did provide a buy at 1.9845.

First 2 trades of the day offered 20 pips and this last one 10 pips. A good day considering the ranges involved.

1.9825/35 still good buy areas, if this broken 1.9810.

Still be selling around 1.9880 to 1.99.

Off to work now.
  • #129
  • May 25, 2007 2:22pm May 25, 2007 2:22pm
Just my opinion...

I would be careful in going short, cable might just bounce through 1.99 in the next few of days.
The quality of your life is brought about by the quality of your thinking.
  • #130
  • May 25, 2007 11:09pm May 25, 2007 11:09pm
Hi Vantage, very good Cable trades there. Thanks for sharing your daily s/r levels here. Keep the good trades up.
Tra-X
  • #131
  • May 28, 2007 8:29am May 28, 2007 8:29am
Quoting hornet
Just my opinion...

I would be careful in going short, cable might just bounce through 1.99 in the next few of days.
Hi Hornet
These levels are strictly 'short term sit in front of the computer and take some pips' trades. So on that basis I'm happy to short when the right conditions arise. GBPUSD usually gives more than enough even on counter trend trades to make worthwhile. My stops are small which also helps.

If you want longer term stuff have a look at the ever excellent Harmonic Wave Journal by Traex and also Why Oh Why's journal.
  • #132
  • May 28, 2007 8:37am May 28, 2007 8:37am
Quoting Traex
Hi Vantage, very good Cable trades there. Thanks for sharing your daily s/r levels here. Keep the good trades up.
Hi Traex. No problem. I'll start showing more JPY, CHF and EUR (v USD).

I must now get in on the ground floor like on some of your trades to ride longer, I'm still an inter day in and out trader.

Its quite interesting how many of my trades are showing entries very close to your calls, its going to be interesting to watch this going forward. I wouldn't know Elliott Wave if it hit me on the head so its good when 2 different styles come to similar conclusions.
  • #133
  • May 28, 2007 9:01am May 28, 2007 9:01am
Quoting Vantage
Hi Traex. No problem. I'll start showing more JPY, CHF and EUR (v USD).

I must now get in on the ground floor like on some of your trades to ride longer, I'm still an inter day in and out trader.

Its quite interesting how many of my trades are showing entries very close to your calls, its going to be interesting to watch this going forward. I wouldn't know Elliott Wave if it hit me on the head so its good when 2 different styles come to similar conclusions.
It's better to have another alternative method to strengthen our own signals, right, especially those involving price actions and s/r levels only, no indicator.
Tra-X
  • #134
  • May 28, 2007 10:01pm May 28, 2007 10:01pm
Quoting Traex
It's better to have another alternative method to strengthen our own signals, right, especially those involving price actions and s/r levels only, no indicator.
I do use indicators MACD and slow stoch but mainly for divergence. For entries/confirmations the 'Daily Fozzy' 8 RSI, 8 SMA cross works nicely on 30 min chart. You can use on 15 min chart it jumps around a lot so you have to be happy with your entry area.

I'm using trend channels, Andrews pitchfork and keltner bands more and more now.

However supp/res areas do play a big part.
  • #135
  • May 28, 2007 10:12pm May 28, 2007 10:12pm
Initial buy/sell areas for this morning:

GBP B 1.9809 then 1.9795. S 1.9862 then 1.9876
EUR B 1.3419. S 1.3445 and then 1.3471
CHF B1.2265 then 1.2249. S 1.2305
JPY B 121.23 then 121. 07. S 121.57

Not yet happy about JPY's levels still watching. Again this is short term stuff.
  • #136
  • May 28, 2007 11:12pm May 28, 2007 11:12pm
After a jumping around GBP seems to be running out of steam around .9850 maybe it won't make .9862, we'll see.
  • #137
  • May 28, 2007 11:34pm May 28, 2007 11:34pm
Quoting Vantage
Initial buy/sell areas for this morning:

GBP B 1.9809 then 1.9795. S 1.9862 then 1.9876
EUR B 1.3419. S 1.3445 and then 1.3471
CHF B1.2265 then 1.2249. S 1.2305
JPY B 121.23 then 121. 07. S 121.57

Not yet happy about JPY's levels still watching. Again this is short term stuff.
We have a nice divergence on JPY at 121.30 suggesting move up.

Same GBP but suggesting move down. Looks like its started on GBP.
  • #138
  • Edited May 29, 2007 12:11am May 28, 2007 11:44pm | Edited May 29, 2007 12:11am
Quoting Vantage
Initial buy/sell areas for this morning:

GBP B 1.9809 then 1.9795. S 1.9862 then 1.9876
EUR B 1.3419. S 1.3445 and then 1.3471
CHF B1.2265 then 1.2249. S 1.2305
JPY B 121.23 then 121. 07. S 121.57

Not yet happy about JPY's levels still watching. Again this is short term stuff.
EUR hit .3445. I wasn't in, concerntrating on GBP. For now Eur has run out of steam at .3438 we'll see what UK open brings.

GBP should fall further from .9835

No out at .9837, a nice little start to the day.
  • #139
  • May 29, 2007 12:08am May 29, 2007 12:08am
GBP could have a triple bottom at .9829 which may be a good place to buy.
  • #140
  • May 29, 2007 12:23am May 29, 2007 12:23am
Didn't get .9829 so I'll have to wait for pullback to .9841 area.
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