THE SUM NOW OF THE PROFIT IS 2000 PIPS FOR DEAL ( 1 TO 10) & 160 PIPS FOR DEAL 11TH = 2160 PIPS FOR August....BUT IN TEN DAYS
WE WILL START ON SUNDAY EVENING FOR DEALS OF September GUYS
WE WILL START ON SUNDAY EVENING FOR DEALS OF September GUYS
- #344
- Aug 31, 2007 10:43am Aug 31, 2007 10:43am
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
This time I wait for you....... So i can learn this analysis .....my 5 minute chart scalping is great, but with this 1&4H chart I keep going on the wrong side of the road ..
- #346
- Aug 31, 2007 12:21pm Aug 31, 2007 12:21pm
- | Joined Sep 2006 | Status: howard | 1,693 Posts
Regards
- #348
- Aug 31, 2007 1:31pm Aug 31, 2007 1:31pm
WE DID NOT GET AN CONFIRMATION OF RISING BABY
Can you elaborate a little more on this. I really want to understand what kept you out. I jumped in and lost my 100 pips. Not that I am complaining...its part of the game. And a loss is a win if I can learn from it.
So...can you make this loss a win and explain to me what do you mean by a "rising baby"?
Thanks ......and I am looking forward to kidnapping more pips in sept.
- #351
- Aug 31, 2007 5:16pm Aug 31, 2007 5:16pm
- Joined Aug 2007 | Status: History & Economic Cycles | 204 Posts
For example, I may be mistaken, but I have deduced that Pipskidnapper determined his Sell off 235.50 from the candle bouncing of the resistance line set twice on Aug 26th and unbroken since. It was also the 50% Fib from 251.09 top to the 219.32 bottom of this movement @ 235.20 which is in the same effective range.
Then he drew Fib lines from the last significant up movement from A) 231.19 yesterdays low up to B) our high today at 235.50, which results in values of:
a) .236 @ about 234.50
b) .382 @ about 233.87
c) .50 @ about 233.35
d) .618 @ about 232.71
Finally he just let it go, moving his stop loss up in case prices refuse to go down to the next Fib level. Not sure of his method, perhaps he could share his way of letting the profits run past .236, .382, and .50 to reach .618 without closing at .382 or .50 during that 1 hour candle????
I would love to know how that movement was managed without bailing out too early? Please tell me more.....?
The lesson for us is to 1) prepare our charts with strong Support/Resistance and Trend lines, then 2) watch if they continue through or reverse. Finally, 3) mark our next Fib targets in the next direction and maximize our pip gains while protecting from giving back too much.
Please step in if anyone can point out if my summary is wrong or can be clarified further. I just want to learn from those with experience that are willing to Mentor me.
Then he drew Fib lines from the last significant up movement from A) 231.19 yesterdays low up to B) our high today at 235.50, which results in values of:
a) .236 @ about 234.50
b) .382 @ about 233.87
c) .50 @ about 233.35
d) .618 @ about 232.71
Finally he just let it go, moving his stop loss up in case prices refuse to go down to the next Fib level. Not sure of his method, perhaps he could share his way of letting the profits run past .236, .382, and .50 to reach .618 without closing at .382 or .50 during that 1 hour candle????
I would love to know how that movement was managed without bailing out too early? Please tell me more.....?
The lesson for us is to 1) prepare our charts with strong Support/Resistance and Trend lines, then 2) watch if they continue through or reverse. Finally, 3) mark our next Fib targets in the next direction and maximize our pip gains while protecting from giving back too much.
Please step in if anyone can point out if my summary is wrong or can be clarified further. I just want to learn from those with experience that are willing to Mentor me.
couldn't agree more. if there's still candlestick, bar chart, fibo, s/r, etc, it means we still use indicators. we need indicator in whatever form, as sources to build the logic and make analyzation. hmm, silly me, just repeat what pips say 
. but i understand what fxoffshore's mean and agree, cleaner chart is better. as a newbie, i'm getting tired dictated by lagging indicators to enter/exit the market. live messenger? great
. but i understand what fxoffshore's mean and agree, cleaner chart is better. as a newbie, i'm getting tired dictated by lagging indicators to enter/exit the market. live messenger? great couldn't agree more. if there's still candlestick, bar chart, fibo, s/r, etc, it means we still use indicators. we need indicator in whatever form, as sources to build the logic and make analyzation. hmm, silly me, just repeat what pips say