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haniam's anti Big Dogs trades

  • #141
  • Oct 22, 2007 9:35am Oct 22, 2007 9:35am
Quoting findcount
mr Haniam..........i try not to address you as Hani (honey)........

many thanks for your advice and certainly your rules make lots of sense......

seems that you always win on the eur/usd...........mind if you let us know your trades before you take them ?

if i can master Jacko's method in going long on the eur/usdand your method on going short on the eur/usd.........i'll be able to win both ways.........:

do you go long sometimes ?
Hi findcount,

No way you can confuse my name with Honey.
'Hani' (Which means calm, serene) is pronounced as you pronounce 'Happy' and not like the 'hope' of 'honey'. So no prob, as you feel comfortable.

Everyday since beginning of october I put my plan live on the thread before trading and follow this plan. And I am putting all my trades live on the thread most of the time before taking them or just after.

Are you sure you are following this thread closely?

If you do, I am sure that you will learn more and more how I do trade and you will trade both ways ithout a problem.

I do go long, but not now when I am seeing all these BD manipulations.
EU is in an uptrend but in a correction now, so I mainly only sell.

Regards,

Hani
  • #142
  • Oct 22, 2007 9:38am Oct 22, 2007 9:38am
Hi haniam,
You said "We may be in a bigger retracement down to 1.36-37".
Would you explain why down to such low level? Is it based on some Fibo level or something else?
Thanks
  • #143
  • Oct 22, 2007 9:39am Oct 22, 2007 9:39am
Quoting qq1
Hi findcount,
I remember I first came to know about Jacko's thread from one of your post (though you don't know). And then from there I came upon haniam's thread few days back. So I must say thank you to you.
Like you I am also trying to learn both Jacko's method and haniam's method, I believe they can be combined to advantage.
However, simple as it sounds, I have yet to master even Jacko's method. Hopefully I could join into his private group and learn from there.
I would advise you to read carefully Jacko thread and mine from the begining, post by post, to understand really how the market works. There's plenty of valuable information.

Continue your quest...

Hani
  • #144
  • Oct 22, 2007 9:40am Oct 22, 2007 9:40am
Quoting haniam
The Big Dogs strikes again!


Well the fake move I mentioned earlier today was only intended to take all stops down and sell big to get rid of some the old EU bought ‘stock’ at the best price possible. The reaction came at the important support of 1.4135 and we are now on the retracement. But the down move is not yet finished! We may be in a bigger retracement down to 1.36-37. If you go long, beware move like this one again and again in the coming days.

EU started today by doing a new YTD highs at 1.4348, letting trader think that it is time to buy big before the new up move to 1.45.

Yes, indeed, the BDs knew that many Sellers from last friday have their SL a couple of pips above 1.4317 (highest) and the opening market with huge gap-up have stop them all.
I'm too being stopped out by the spike up-gap, however, i've re-entered again as Seller at 1.4332. wow...,lucky to ride it down and re-covered back my lost pips ya

Thanks for your updates and continue keeping us aware us about BDs.

Max
  • #145
  • Oct 22, 2007 9:51am Oct 22, 2007 9:51am
Quoting qq1
Hi haniam,
You said "We may be in a bigger retracement down to 1.36-37".
Would you explain why down to such low level? Is it based on some Fibo level or something else?
Thanks
This is based on many things as trend lines and fibo on daily and weekly time frames and BD tactic to take your money!

More on this later.
  • #146
  • Oct 22, 2007 9:54am Oct 22, 2007 9:54am
Quoting maxkh
Yes, indeed, the BDs knew that many Sellers from last friday have their SL a couple of pips above 1.4317 (highest) and the opening market with huge gap-up have stop them all.
I'm too being stopped out by the spike up-gap, however, i've re-entered again as Seller at 1.4332. wow...,lucky to ride it down and re-covered back my lost pips ya

Thanks for your updates and continue keeping us aware us about BDs.

Max
Well done Max. Nice trade!

Hani
  • #147
  • Oct 22, 2007 10:02am Oct 22, 2007 10:02am
Quoting haniam
The Big Dogs strikes again!

The so expected BD strike happen today suddenly, when all analysis I read was pointing to new highs and the 1.45 target, recommending to go long!

Below three example of these recommendations:

“Monday October 22nd 1:02 AM ET
EUR/USD (1.4312)
Trading range: 1.4245 – 1.4395
Trend: Upward
The G7 send as the expectations bad signals for the dollar. No one is care for the weak dollar. The key finance ministers want to see the dollar at 1.50 and would not make any support. In this scenario most of the traders will open long positions. The crisis in the US housing sector continue and at the same time the fundamental factors remain negative. We recommend opening long positions as buy on dips.”
It is so easy to interpreet events after they happen!
Here an analyse in the opposite side of the previous that came to me 1 hour ago:

"General Market Comments
Well all I can say is better late than never! As I mentioned last week we are seeing Dollar strength on the back of the G7 meeting. This was not a difficult call to make as there was almost a universal chorus screaming that the dollar would go down."

So what was the signal sent by G7 meeting??? Bad or good for dollars!!!
Are they sending both of them? What a Big Dog!
  • #148
  • Edited 10:11am Oct 22, 2007 10:11am | Edited 10:11am
Thanks for a great thread haniam - very insightful . I've started to become more aware of potential traps and hopefully will be able to avoid some of them in future.

Forexhen
Forget What You BelieveBelieve What You See
  • #149
  • Oct 22, 2007 10:26am Oct 22, 2007 10:26am
Quoting Forexhen
Thanks for a great thread haniam - very insightful . I've started to become more aware of potential traps and hopefully will be able to avoid some of them in future.

Forexhen
Welcome Forexhen to the thread!

I see lot of new names here and I am happy that the thread is being usefull to some of you
  • #150
  • Oct 22, 2007 11:00am Oct 22, 2007 11:00am
You may not be aware of it, but a trend line is an indicator!

Not one of these fancy ones that shows colors and arrows, but I can assure you that they are from the best, and they do predict the future better than most others!

We may define a trend line as:

"A straight line drawn across a chart that indicates the overall trend for the currency pair. In an upward trend, the line is drawn below, and acts as a support line; the opposite holds true for a downward trend. Once the currency breaks the trend line, the trend is considered to be invalid"

Get used to draw them on all you charts and no matter what time frame. But put a particular importance to the daily and weekly ones.
  • #151
  • Oct 22, 2007 11:30am Oct 22, 2007 11:30am
Fibonacci retracement can be define as being:

"A term used in technical analysis that refers to the likelihood that a financial asset's price will retrace a large portion of an original move and find support or resistance at the key Fibonacci levels before it continues in the original direction. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, 76.4% and 100%"

Fibonacci retracements are being very used by traders to find a place to buy dips in an uptrend and to sell in a down trend.

38.2%, 50%, 61.8% are considered as the most significant ones.

More on this on http://www.babypips.com/school/fibonacci_who.html
  • #152
  • Oct 22, 2007 12:03pm Oct 22, 2007 12:03pm
The Simple Moving Average (SMA) indicator is calculated by summing the closing prices of the currency for a period of time and then dividing this total by the number of time periods. Sometimes called an arithmetic moving average, the SMA is basically the average price over a period of time.

Because the Simple Moving Average gives equal weight to each daily price, the longer the time period studied, the greater the smoothing out of recent forex market volatility. Long-term moving averages smooth out all the minor fluctuations showing only longer-term trends. Shorter-term moving averages will show shorter term trends but at the expense of the long term.
Most of the time, prices are on one side or the other of the moving average. As trends develop, the moving average will slope in the direction of the trend, showing the trend direction and some indication of its strength based on the steepness of the slope.

SMA200 is a very used indicator to determine a long term trend.
  • #153
  • Oct 23, 2007 1:18am Oct 23, 2007 1:18am
Guess What, I'm in 'sell mode', but I think you already know this
My Pivot level for today is 1.4218, and prices are now few pips below

I will sell 2 to 3 lots between 1.4215 and 1.4220 targeting 1.4180, 1.4140, SL at 1.4255.

The move down may take some time to develop. If 1.4225 is broken, will close the position at break even (BE) to sell again on higher levels.

If 1.4135 is broken, will sell the bounce back targeting 1.4080, 1.4050

Simple and clear

Happy pips harvesting!
  • #154
  • Oct 23, 2007 1:36am Oct 23, 2007 1:36am
Trade 1: Sold @1.4215
Trade2: Sold @1.4218
  • #155
  • Oct 23, 2007 1:46am Oct 23, 2007 1:46am
Trade 1,2,3,4 gave +10+16+26+10 = +52 pips

The down move from 1.4280 to 1.4130 gave me only +60 pips in some small trades. I was away from my PC for works.

Total Monday oct 22: +60+52= +112 pips

Hope you made lot of pips too.

Hani
  • #156
  • Edited 2:02am Oct 23, 2007 1:58am | Edited 2:02am
Quoting haniam
Trade 1: Sold @1.4215
Trade2: Sold @1.4218
Trade 1 closed @1.4192 for +24 pips
Trade 2 closed @1.4190 for +28 pips

+52 pips in less than 30 minutes. Will sell again on higher levels (1.4200, 1.4210)
  • #157
  • Oct 23, 2007 2:00am Oct 23, 2007 2:00am
wow!!...spot on dude,,,and you say you base your trades off of your strategy that is posted on here?
  • #158
  • Oct 23, 2007 2:43am Oct 23, 2007 2:43am
Quoting haniam
Trade 1 closed @1.4192 for +24 pips
Trade 2 closed @1.4190 for +28 pips

+52 pips in less than 30 minutes. Will sell again on higher levels (1.4200, 1.4210)

Trade 3 Sold @1.4201
Trade 4 Sold @1.4202 closed @1.4197 for +5pips
Reason: Price may go little higher around 1.4205-10 where I will sell
  • #159
  • Oct 23, 2007 2:46am Oct 23, 2007 2:46am
Quoting haniam
Trade 3 Sold @1.4201
Trade 4 Sold @1.4202 closed @1.4197 for +5pips
Reason: Price may go little higher around 1.4205-10 where I will sell
trade 5 Sold @1.4206
  • #160
  • Oct 23, 2007 3:03am Oct 23, 2007 3:03am
trade 6 Sold @1.4212
trade 7 Sold @1.4213

Targeting 10-20 pips
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