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Attachments: Hakuna's pip stash
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Hakuna's pip stash

  • #741
  • Oct 23, 2007 5:36pm Oct 23, 2007 5:36pm
23/10/07 +64


23/10/07


g/j
S 232.74 ex 232.94 -20
S 233.06 ex 233.28 -22
L 233.33 ex 233.80 +47
S 232.85 ex 233.45 -60
L 233.81 ex 233.58 -23
L 233.80 ex 234.45 +65
L 234.66 ex 235.10 +44
S 234.99 ex 234.75 +24


g/u
S 2.0340 ex 2.0325 +15
S 2.0340 ex 2.0352 -12
L 2.0360 ex 2.0366 +6

http://www.forexfactory.com/images/misc/progress.gif

  • #742
  • Oct 23, 2007 5:38pm Oct 23, 2007 5:38pm
mornin everyone

woke up--saw a perfect setup--stil looks like it could go higher--ive takne prof at 200mea 4hr-the dreaded S/R

ill analyse further what i see for today---need a cup of tea
  • #743
  • Oct 23, 2007 5:55pm Oct 23, 2007 5:55pm
Mornin' HM
  • #744
  • Oct 23, 2007 6:02pm Oct 23, 2007 6:02pm
Quoting Hakuna Matata
mornin everyone

woke up--saw a perfect setup--stil looks like it could go higher--ive takne prof at 200mea 4hr-the dreaded S/R

ill analyse further what i see for today---need a cup of tea
Morning HM, ur perfect setup is based on? I wonder why u take on the long just now...can enlighten me?
  • #745
  • Oct 23, 2007 6:09pm Oct 23, 2007 6:09pm
we have 200ema, 50ema (235.90) and then not that far 100sma (237.30) on 4hr

watch out for a simultaneuos close above 200ema nd 50ema--then g/j will head towards 100sma for sure

ive explanied the 200ema numerous times on my analysis--so everyone should know the significance of that too especially how it acted as STRONG S/R level

it has broken yesterday Upper TL--a close back below it--I will tgt shrts towards MP (232.75) first

ill wait for my signal setup either way
  • #746
  • Oct 23, 2007 6:52pm Oct 23, 2007 6:52pm
Quoting comeinvest
Morning HM, ur perfect setup is based on? I wonder why u take on the long just now...can enlighten me?

all the TF's are pointing north--thats a start !

and then had a 5/15min combination signal--so took it--and i knw 200ema has ben acting as R so took profits there
2 min late to the cpmputer and i would have missed it--but it ended up being my brkfast pips --

go to all tf's above 15 min--do u see and down movement,channel, anything to suggest SHORTS??--- NO
so why short this pair yet??
many people try to pick tops and bottoms and get burned by doing that
i bet if this thing goes to 236 or even 237-- then they will say--that their position is for long term and when it goes their way then they will say --see my postion was perfect. ITs NOT ABOUT ONES THOUGHTS OR EGO in this game! its better to wait for a good short setup and then take it-- theres no harm if your entry might be a bit late then others who have already gone short, but your discipline will be far superior then theirs. do what your charts say ! some traders will at some point brag about waiting for the signals in chart to setup and then take trade--and then cjange minds and jump early---well--its a risk--they may win or may lose---but better to be safe---and if u miss a trade--SO WHAT? its not the last trading day of your life--chill--another setup is just round the corner.

we all neeed to remind this to each other. Its only human to get excited sometimes and jump the gun--but overtime as we practice discipline, we shall be succesful.

so as for now-- im waiting for the nxt setup-- up or down--doesnt matter !
  • #747
  • Oct 23, 2007 7:02pm Oct 23, 2007 7:02pm
thanks for the detail explanation. I will keep that in mind.
  • #748
  • Oct 23, 2007 7:30pm Oct 23, 2007 7:30pm
good morning Mr Hakuna.

what you has descrived is one of my frecuentest problems, I tend to over trade, taking too many positions, trying to change that....
Thanks for your suggestion.

pips to you and for all of us
  • #749
  • Oct 23, 2007 7:42pm Oct 23, 2007 7:42pm
Quoting Hakuna Matata
all the TF's are pointing north--thats a start !

and then had a 5/15min combination signal--so took it--and i knw 200ema has ben acting as R so took profits there
2 min late to the cpmputer and i would have missed it--but it ended up being my brkfast pips --

go to all tf's above 15 min--do u see and down movement,channel, anything to suggest SHORTS??--- NO
so why short this pair yet??
many people try to pick tops and bottoms and get burned by doing that
i bet if this thing goes to 236 or even 237-- then they will say--that their position is for long term and when it goes their way then they will say --see my postion was perfect. ITs NOT ABOUT ONES THOUGHTS OR EGO in this game! its better to wait for a good short setup and then take it-- theres no harm if your entry might be a bit late then others who have already gone short, but your discipline will be far superior then theirs. do what your charts say ! some traders will at some point brag about waiting for the signals in chart to setup and then take trade--and then cjange minds and jump early---well--its a risk--they may win or may lose---but better to be safe---and if u miss a trade--SO WHAT? its not the last trading day of your life--chill--another setup is just round the corner.

we all neeed to remind this to each other. Its only human to get excited sometimes and jump the gun--but overtime as we practice discipline, we shall be succesful.

so as for now-- im waiting for the nxt setup-- up or down--doesnt matter !
Hello HM,
Now that we have a 4 hr hanging man close below the200 do you see this as a sell signal and if so how far do you see it go?
Thanks for your supporthttp://www.forexfactory.com/images/icons/icon12.gif
ADB
Think BIG!
  • #750
  • Oct 23, 2007 7:50pm Oct 23, 2007 7:50pm
possible short setting up
will wait for further confirmation.
  • #751
  • Oct 23, 2007 7:52pm Oct 23, 2007 7:52pm
s 235.26
  • #752
  • Oct 23, 2007 8:02pm Oct 23, 2007 8:02pm
S 235.39
  • #753
  • Oct 23, 2007 9:07pm Oct 23, 2007 9:07pm
Quoting Hakuna Matata
s 235.26
exit at 234.9
  • #754
  • Oct 23, 2007 9:12pm Oct 23, 2007 9:12pm
Quoting Hakuna Matata
exit at 234.9
LOL I did the exact same thing except i was short from .29
  • #755
  • Oct 23, 2007 9:14pm Oct 23, 2007 9:14pm
HM, I've been watching your journal thread and have learned a lot from you. You are a phenomenal trader. Do you exit your trades and then re-enter once they haven't broken one of the moving averages? Do you have any strategies for GBP/USD or EUR/USD?

Wish everyone great success with their trading.
  • #756
  • Oct 23, 2007 9:19pm Oct 23, 2007 9:19pm
Hello
Hakuna Matata
How are you today.
  • #757
  • Oct 23, 2007 9:30pm Oct 23, 2007 9:30pm
short g/u 2.0492
  • #758
  • Oct 23, 2007 9:33pm Oct 23, 2007 9:33pm
Quoting Afxtrader
HM, I've been watching your journal thread and have learned a lot from you. You are a phenomenal trader. Do you exit your trades and then re-enter once they haven't broken one of the moving averages? Do you have any strategies for GBP/USD or EUR/USD?

Wish everyone great success with their trading.

yes-- i watch for crucial s/r levels to enter/exit
  • #759
  • Oct 23, 2007 9:34pm Oct 23, 2007 9:34pm
Quoting juliekhan
Hello
Hakuna Matata
How are you today.

fine thanks
  • #760
  • Oct 23, 2007 9:39pm Oct 23, 2007 9:39pm
S g/j 235.27
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