DislikedWhat a great week!!!! Congratulations! Are you out of that last GU Trade?Ignored
- #509
- Oct 20, 2007 3:36am Oct 20, 2007 3:36am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
first of all i just wanted to say how i admire your success in trading Hakuna Matata. Thank you very much for sharing all your trades in here. Your success was actually mentioned in another forum and i wont to make it a point on following and understanding your trades. Ive been reading your posts on the Auslanco thread for quite a while and i and very many traders im sure really like your contributions. Can you please direct me as to where i can read up more on your techincal style of trading. thank you
fer
cheers
got to the first page and read the post by MPP
start from there.
- #510
- Oct 20, 2007 7:50pm Oct 20, 2007 7:50pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
i posted this yesterday--look at that TL
did anyone take this TL rejecion---1st chrt was postd at that time
basic analysis
u could have even been more safer if u wanted to and taken the trdae after a close below 50ema and s/l above TL
with good MM even if u aim for 35-70 pips on g/j ull be very succesful
ill be doing the weekly analysis later on--so stay tuned
- #512
- Edited 1:10am Oct 21, 2007 12:03am | Edited 1:10am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
ANALYSIS FOR WEEK 3 OCT'07
ok--I had another AWESOME week of trading this past week---so far the BEST in this month ( on my regular trades--+924 pips----not counting scalps-- i averaged around 5.4 standard lots per trade--so this was a great $ week if u can do the Maths--
and here is the main reason why i was succesful as i posted as part of a lesson last week:
lesson of the week: lot of traders are getting confused by trending and ranging sessions-- I asess this on a 4hr and daily chart by keeping an eye on TL's , MA's and fibs. U need to understand that when it is ranging it is more difficult rather then impossible to aim for 200-400-600 pip tgts ---dont get fooled. Always Bank profits along the way--actually every 50-100 pips. Remember u can always get back in and theres always another trading day (its not the last trading day oy your lives)
Some systems have strategy trades aiming for 150-300pips --its not going to happen in a ranging mkt--even if ths system has previously done so !!
learn, learn and learn how and where to bank profits periodically
one more other thing i want to point out again is that i NEVER HEDGE
i trade signals mainly off my 15/30 min TF's, obviosly confirming techs from larger TF's too-- im purely an INTRADAY trader--and >95% of trades taken here were LIVE--posted within a minute or three as i took them
OK lets see what has developed so far from waht was analysed last week:
this was posted last week and the week b4:
and see how it has developed--the beraish butterfly on daily/4hr :
just trading from this chart pattern we have had a DROP of appriox 550 pips from that 161.8% @ 240.50 --see first PIC
i definately used this pattern as my arsenal in intraday trading--trying to ride the waves down.
ok--I had another AWESOME week of trading this past week---so far the BEST in this month ( on my regular trades--+924 pips----not counting scalps-- i averaged around 5.4 standard lots per trade--so this was a great $ week if u can do the Maths--
and here is the main reason why i was succesful as i posted as part of a lesson last week:
lesson of the week: lot of traders are getting confused by trending and ranging sessions-- I asess this on a 4hr and daily chart by keeping an eye on TL's , MA's and fibs. U need to understand that when it is ranging it is more difficult rather then impossible to aim for 200-400-600 pip tgts ---dont get fooled. Always Bank profits along the way--actually every 50-100 pips. Remember u can always get back in and theres always another trading day (its not the last trading day oy your lives)
Some systems have strategy trades aiming for 150-300pips --its not going to happen in a ranging mkt--even if ths system has previously done so !!
learn, learn and learn how and where to bank profits periodically
one more other thing i want to point out again is that i NEVER HEDGE
i trade signals mainly off my 15/30 min TF's, obviosly confirming techs from larger TF's too-- im purely an INTRADAY trader--and >95% of trades taken here were LIVE--posted within a minute or three as i took them
OK lets see what has developed so far from waht was analysed last week:
this was posted last week and the week b4:
and see how it has developed--the beraish butterfly on daily/4hr :
just trading from this chart pattern we have had a DROP of appriox 550 pips from that 161.8% @ 240.50 --see first PIC
i definately used this pattern as my arsenal in intraday trading--trying to ride the waves down.
- #515
- Oct 21, 2007 12:44am Oct 21, 2007 12:44am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
continuation of DAILY CHART ANALYSIS
we had consildation and the close above 100sma didnt make the bulls push price up much further away and we got a close back below 100sma-- 4th last candle-- i call this a rejection pattern-- very powerful for minimum few hundred pips-- i caught a lot of this trading smaller TF's---these kind of moves near 100sma dont come quite often--thats why i kept on mentioning this on the thread thru out the week to consider 100sma on both the daily and 4hr ( look in the 4hr analysis)
we have a close below 50ema and 200ema and Daily 50% fib(now for those of you who remember how this 200ema acted as R b4 now acted as S--see arrows on pic)
this is a VERY BEARISH sign.
but we could see some consolidation around here--i wont be surprised if we dont even
possibilty of price to retrce to 236.30/50ish b4 heading back down--nera 50ema daily
watch out if we get a close ABOVE 50 ema daily --views will change
tgts as mentioned in weekly analysis
keep an eye on the DAILY/4hr bearish butterfly pattern posted above for fib tgts
we had consildation and the close above 100sma didnt make the bulls push price up much further away and we got a close back below 100sma-- 4th last candle-- i call this a rejection pattern-- very powerful for minimum few hundred pips-- i caught a lot of this trading smaller TF's---these kind of moves near 100sma dont come quite often--thats why i kept on mentioning this on the thread thru out the week to consider 100sma on both the daily and 4hr ( look in the 4hr analysis)
we have a close below 50ema and 200ema and Daily 50% fib(now for those of you who remember how this 200ema acted as R b4 now acted as S--see arrows on pic)
this is a VERY BEARISH sign.
but we could see some consolidation around here--i wont be surprised if we dont even
possibilty of price to retrce to 236.30/50ish b4 heading back down--nera 50ema daily
watch out if we get a close ABOVE 50 ema daily --views will change
tgts as mentioned in weekly analysis
keep an eye on the DAILY/4hr bearish butterfly pattern posted above for fib tgts
- #516
- Oct 21, 2007 1:08am Oct 21, 2007 1:08am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
4HR ANALYSIS:
--back below 100sma and 200ema 4hr--v bearish sign
-- 50ema about to cross 100sma--lagging bearish indication but still something to look at
--close below 50% daily fib shown in 4hr (235.19)
--shorts have no fear unless we get a close back above 100sma which is right now at 237.40
--keep an eye on that descending lower TL
--lat 4hr rally down--we already got a 50% retrce--which g/j is known to do just that--now heading BACK SOUTH
--MACD is below zero line
-- CCI below zero
--QQE 60,5,1 all crossed down and QQE60 crossing 50line
--DAILY QQE 5,1 crossed down
--WEEKLY QQE 5 - 50 line rejection and back bearish (qqe 60 still crossed down)
-- we crossed last weekly S2 (235.46) and have closed below that--bearish !
--we are back below MR1--heading towards Monthy Pivot at 232.75
we are below 100sma and 50ema 1hrly--bearish
TREND DOWN--this could be it !!--as long as we now stay below 100sma 4hr--shorts are safe
so far ive got the shrts from all the way UP at 240.50--lets see if i can do it till my signature--lol
whatever the case ill be trading from smaller tf,s-- but u know where ill be concentrating more
bearish, bearsish, bearish --do i need to say more??
chat to ya'all nxt week
--back below 100sma and 200ema 4hr--v bearish sign
-- 50ema about to cross 100sma--lagging bearish indication but still something to look at
--close below 50% daily fib shown in 4hr (235.19)
--shorts have no fear unless we get a close back above 100sma which is right now at 237.40
--keep an eye on that descending lower TL
--lat 4hr rally down--we already got a 50% retrce--which g/j is known to do just that--now heading BACK SOUTH
--MACD is below zero line
-- CCI below zero
--QQE 60,5,1 all crossed down and QQE60 crossing 50line
--DAILY QQE 5,1 crossed down
--WEEKLY QQE 5 - 50 line rejection and back bearish (qqe 60 still crossed down)
-- we crossed last weekly S2 (235.46) and have closed below that--bearish !
--we are back below MR1--heading towards Monthy Pivot at 232.75
we are below 100sma and 50ema 1hrly--bearish
TREND DOWN--this could be it !!--as long as we now stay below 100sma 4hr--shorts are safe
so far ive got the shrts from all the way UP at 240.50--lets see if i can do it till my signature--lol
whatever the case ill be trading from smaller tf,s-- but u know where ill be concentrating more
bearish, bearsish, bearish
--do i need to say more??chat to ya'all nxt week
- #519
- Oct 21, 2007 8:41am Oct 21, 2007 8:41am
Awesome analysis
I'm expecting price to retrace to 237 at least before going any lower though, due to this bullish wedge.
I also hope that h/s will be completed, 2500pip target, awesome lol.
This way we could have the entire market to a complete turnaround! Damn I wish I had more money to trade
- #520
- Oct 21, 2007 8:50am Oct 21, 2007 8:50am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
Awesome analysis
I'm expecting price to retrace to 237 at least before going any lower though, due to this bullish wedge.
I also hope that h/s will be completed, 2500pip target, awesome lol.
hmmmm-a slight possibility--yeah....but 236.40 is present 1hr 50ema and 4hr 50ema/100sma is at 237.40
personally -- i dont think much of a retrace further then 236.40
All i know is I/we are going to make some serious pips!!