shorting g/j at 237.07
- #51
- Oct 5, 2007 8:16am Oct 5, 2007 8:16am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
Total 1st week Oct' 07 +446 pips (excl scalps)
(scalp trades for the week--not posted +168 pips)
*all trades taken live !
posted entries/exits in this thread or at the aus thread
back in action nxt week
(scalp trades for the week--not posted +168 pips)
*all trades taken live !
posted entries/exits in this thread or at the aus thread
back in action nxt week
- #54
- Oct 5, 2007 1:12pm Oct 5, 2007 1:12pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi HM
Haven't added the monhtly pivot yet, but the addition of the MA's to my fibs and Aus's, amazin.
paper traded the hell out of the NFP. great day. imagining now what my wife would have spent all the money on.
many thanks
MPP
Haven't added the monhtly pivot yet, but the addition of the MA's to my fibs and Aus's, amazin.
paper traded the hell out of the NFP. great day. imagining now what my wife would have spent all the money on.
many thanks
MPP
- #55
- Oct 5, 2007 10:28pm Oct 5, 2007 10:28pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
Hi HM
Haven't added the monhtly pivot yet, but the addition of the MA's to my fibs and Aus's, amazin.
paper traded the hell out of the NFP. great day. imagining now what my wife would have spent all the money on.
many thanks
MPP
- i actually took a trade long on g/u after the nfp at 2.0335 for 70 more pips-if u read above--i have posted ill be only taking long trades on g/u aat and after NFP (so in mylive a/c my stash for the week is actually- +684
-i just havent posted that as part of my pip stash for the week as i forgot to post the trade entry here and didnt find it fair as i have mentined in my first post that ill call my trade entry/exits or areas of entry/exits LIVE here
my entries/exits can be confirmed here by chkin the time i post an look at your 1min chart and my entry/exit should ideally be in last 1-3 min candles---as i take my trade first and then logon here and then post the trades --it takes a few min---sometimes-- as soon as i take them, i mention it in Aus thread but the last week its been annoying in there as especially with some cheap thrill seekers posting their scalps or trades after like they have closed them or they are way in profit ( i mean whats the point of that??)--and the funny thing--noone posts their losing trades--cracks me up--lol
pity how many kt and senios members in there are gettin frustrated--but hey, i guess its an open thread and whateva goes !
anyways--im working on some chart analysis--stay tuned !
- #56
- Oct 5, 2007 10:31pm Oct 5, 2007 10:31pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
Thanks for posting your trades, and trying to keep it updated as live as possible as soon as u r in or out in the trade.
Very much appreciated!!
try to learn why i take these trades
MPP has mentioned a few posts back what i look for in my setups
- #57
- Edited 1:25am Oct 6, 2007 1:06am | Edited 1:25am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
WEEKLY ANALYSIS
Ok here’s the thing:
I see a lot of traders always trying to analyse and claim that their forecasts are always 100% accurate. And I see the same traders go quiet on the forum when the price is going against their predictions—makes me giggle!
Ive been telling everyone that im a day trader and I will trade whatever presents to me on my charts. I really don’t give a shit whether for e.g g/j goes to 250 or to 210—coz I know wherever it plans to go –I WILL be there on that RIDE— riding as many waves it takes to go there ! I urge everyone not take any traders hardfast comments on a particular direction ( although understand the possibilty of them) and have that embedded in your minds as the only way---ure dealing with an unkind beast--gbp/jpy---—trade as u see a setup and I assure u’ll be successful…just because the fundies say g/j should crash—it may or it may not---doesn’t mean we look for shorts only---I hope this point is clear.
TRADE WHAT U SEE ON THE CHARTS and be consistent with whatever system ure using YOU HAVE backtested it for yourselves
Now im not going to go into this issue any further and im hoping uve got the message. And use good MM.
Now lets see what we see on the g/j daily chart first:
As u all know I use 50ema in many TF’s—look at where it closed above 50ema on 1/10/07—the perfect entry for a long was a retrce back to 50ema at 234.93 in the nxt candle for some handsome profit to targets like MR1, 61.8%daily fib and s/l would be the 200 ema ( ps—another good sign for long was that it finally closed above 200ema too----200 ema on 4hr chart was acting as MAJOR R for quite a while and it finally broke thru it and closed above it) AND we had a close above the 50% daily fib
So in conclusion—we had a close above 50ema daily ( we already got close above 50ema 4hrly and then few candles later a rejection of 4hr 50ema—strong suggestion of trend continuation on 4hr) , close above the 200ema daily and 4hrly and close above the 50% daily fib--- ALL SUGGESTIVE OF A VERY POWERFUL BULL TRADE and with good MM a trade worth 250-500pips with minimal s/l . But as for me—I trade with 15/30/1hr TF’s as I like to ride the smaller waves—keeps my heart active J
Now lets see what upsides we got on g/j chart daily;
We have a confluence of 100sma and Monthly Resistence 2 at around 239.58 ish as the nxt tgt for longs if it continues AND if u llok at weekly candle that BIG BEAR candle 8weeks ago has a high of 239.69—another factor to this confluence
We have the possibility of daily more ideal bearish butterfly pattern to extend to 240.50ish (see daily harmonic chrt)
We have the previous shoulder of the possible H/S pattern on daily at 241.50ish ( see it for yourselves on the daily chart)
And then finally far away in the distant heaven we have 0.786% Daily fib at 244.25
And thing to analyse after that will be done if we get there--lol
Now lets see what downsides we got on g/j chart daily
We have already met the tgt ive been aiming for 61.8% daily fib—although I exited my last g/j longs at 238.15 as i was wanting to close all positions b4 weekend
There is an unideal bearish harmonic pattern (bearish butterfly) completion at this 61.8% daily , but for trading harmonic patterns I look out for the reversal signs first b4 jumping into such patterns. More over harmonic patterns is very subjective in diff TF’s. Ive seen them both work and fail but with good MM + other signals/system they work better. Now if this pattern comes into play, then tgts from this pattern are minimum 50% and 61.8% of ( 233.60, 232.40 ) and then 127% (225.37—that’s still far away)
(The 1hr bullish harmonic pattern worked nicely—inideal bullish bat—see pic)
More Tgts for downside on daily are back to MR1, 50ema , 200ema, daily 50% fib and there is a lower TL
More tgts on 4hr are 5sma, MR1, 50ema,200ema----FIBS can only be drawn when we know it starts to head down first—so we shall see then
Right now the TREND is bullish according to 4hr (trends need to be addressed in diff TF’s). it needs to brk the lower TL and close below it to hint further downside
Now chk the 4hr chart pic—ive drawn the FIBS from the support area where ive started that lower TL from (red line)—we can see then that the 61.8% fib is now in confluence with MR2 and also if u shift in daily TF then with 100sma too----so there is a very high possibility that this could go up to there b4 reversing. It would also coincide nearer the ideal bearish butterfly pattern on daily (chk the red box around D)
We have closed more near the high of the last trading day suggesting the bulls haven given up yet. Im still bullish so far till I see bear signals---moreover I take trades as I post them on mainly 15/30/1hr tf’s.—whatever direction I get signals on.
Just my 2pips worth—happy trading for the nxt week to ya’all
REFER TO ALL THE CHARTS ATTACHED BELOW
Ok here’s the thing:
I see a lot of traders always trying to analyse and claim that their forecasts are always 100% accurate. And I see the same traders go quiet on the forum when the price is going against their predictions—makes me giggle!
Ive been telling everyone that im a day trader and I will trade whatever presents to me on my charts. I really don’t give a shit whether for e.g g/j goes to 250 or to 210—coz I know wherever it plans to go –I WILL be there on that RIDE— riding as many waves it takes to go there ! I urge everyone not take any traders hardfast comments on a particular direction ( although understand the possibilty of them) and have that embedded in your minds as the only way---ure dealing with an unkind beast--gbp/jpy---—trade as u see a setup and I assure u’ll be successful…just because the fundies say g/j should crash—it may or it may not---doesn’t mean we look for shorts only---I hope this point is clear.
TRADE WHAT U SEE ON THE CHARTS and be consistent with whatever system ure using YOU HAVE backtested it for yourselves
Now im not going to go into this issue any further and im hoping uve got the message. And use good MM.
Now lets see what we see on the g/j daily chart first:
As u all know I use 50ema in many TF’s—look at where it closed above 50ema on 1/10/07—the perfect entry for a long was a retrce back to 50ema at 234.93 in the nxt candle for some handsome profit to targets like MR1, 61.8%daily fib and s/l would be the 200 ema ( ps—another good sign for long was that it finally closed above 200ema too----200 ema on 4hr chart was acting as MAJOR R for quite a while and it finally broke thru it and closed above it) AND we had a close above the 50% daily fib
So in conclusion—we had a close above 50ema daily ( we already got close above 50ema 4hrly and then few candles later a rejection of 4hr 50ema—strong suggestion of trend continuation on 4hr) , close above the 200ema daily and 4hrly and close above the 50% daily fib--- ALL SUGGESTIVE OF A VERY POWERFUL BULL TRADE and with good MM a trade worth 250-500pips with minimal s/l . But as for me—I trade with 15/30/1hr TF’s as I like to ride the smaller waves—keeps my heart active J
Now lets see what upsides we got on g/j chart daily;
We have a confluence of 100sma and Monthly Resistence 2 at around 239.58 ish as the nxt tgt for longs if it continues AND if u llok at weekly candle that BIG BEAR candle 8weeks ago has a high of 239.69—another factor to this confluence
We have the possibility of daily more ideal bearish butterfly pattern to extend to 240.50ish (see daily harmonic chrt)
We have the previous shoulder of the possible H/S pattern on daily at 241.50ish ( see it for yourselves on the daily chart)
And then finally far away in the distant heaven we have 0.786% Daily fib at 244.25
And thing to analyse after that will be done if we get there--lol
Now lets see what downsides we got on g/j chart daily
We have already met the tgt ive been aiming for 61.8% daily fib—although I exited my last g/j longs at 238.15 as i was wanting to close all positions b4 weekend
There is an unideal bearish harmonic pattern (bearish butterfly) completion at this 61.8% daily , but for trading harmonic patterns I look out for the reversal signs first b4 jumping into such patterns. More over harmonic patterns is very subjective in diff TF’s. Ive seen them both work and fail but with good MM + other signals/system they work better. Now if this pattern comes into play, then tgts from this pattern are minimum 50% and 61.8% of ( 233.60, 232.40 ) and then 127% (225.37—that’s still far away)
(The 1hr bullish harmonic pattern worked nicely—inideal bullish bat—see pic)
More Tgts for downside on daily are back to MR1, 50ema , 200ema, daily 50% fib and there is a lower TL
More tgts on 4hr are 5sma, MR1, 50ema,200ema----FIBS can only be drawn when we know it starts to head down first—so we shall see then
Right now the TREND is bullish according to 4hr (trends need to be addressed in diff TF’s). it needs to brk the lower TL and close below it to hint further downside
Now chk the 4hr chart pic—ive drawn the FIBS from the support area where ive started that lower TL from (red line)—we can see then that the 61.8% fib is now in confluence with MR2 and also if u shift in daily TF then with 100sma too----so there is a very high possibility that this could go up to there b4 reversing. It would also coincide nearer the ideal bearish butterfly pattern on daily (chk the red box around D)
We have closed more near the high of the last trading day suggesting the bulls haven given up yet. Im still bullish so far till I see bear signals---moreover I take trades as I post them on mainly 15/30/1hr tf’s.—whatever direction I get signals on.
Just my 2pips worth—happy trading for the nxt week to ya’all
REFER TO ALL THE CHARTS ATTACHED BELOW
