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PowerTrading/The River

  • #281
  • Nov 15, 2007 2:45pm Nov 15, 2007 2:45pm
my boxes still are not turning out like yours. I noticed on your website you and that other guy are doing a dvd...can i come to the seminar, i am willing to drive. And also, is the box going to be taught at the seminar and going to be on the dvd?
  • #282
  • Nov 15, 2007 2:53pm Nov 15, 2007 2:53pm
Quoting XSDelivers
my boxes still are not turning out like yours. I noticed on your website you and that other guy are doing a dvd...can i come to the seminar, i am willing to drive. And also, is the box going to be taught at the seminar and going to be on the dvd?
Sorry XS,

I am not going to promote anything on this site. The folks here at FF have rules about that stuff. I will be posting here as always, for free.

PT
Zone Breakout Method
  • #283
  • Nov 15, 2007 2:58pm Nov 15, 2007 2:58pm
Quoting AidanPryde
Ya wish is my command ! so i concentrate on g/u and g/j..so there will be about 2 post a month about that ...

so now u expect a nice move with cable if it breaks the actual zone to the upside or downside right..

After getting that river240signal now and interpreting fundis (especially the now really rolling credit crunch) i expect much more probability to the downside the next days...

Also the weekly channel still offers some more downside before significant Support plays a role..(a weekly Pinbar there too)..next medium support 2.0300 inmyview

Thank you very much PowerTrader for allowing me to post this stuff..it really helps me to focus and improve..I am still only 1 Year @ the markets (24/7 if possible )..so for everyone consider my OPPINION/RESEARCH as an schoolars one..
PT is the Threadstarter and Teacher!

now my River240 chart

I Entered a 1% of capital short at the actual Candle which is the first red candle below the River which will close soon.
In Retrospect i think i should have waited for an retracement to the 38.2 like PT is telling us in Post #277..
Could give an better entry
But my Stop is above so i can wait it out.
You have a very good understanding of what I am doing and it does work on many pairs. I will be posting some 4hr charts in the future so people can see the total PowerTrading method. It is never just one move.

Nice Post,
PT
Zone Breakout Method
  • #284
  • Nov 15, 2007 8:45pm Nov 15, 2007 8:45pm
Quoting PowerTrader
You have a very good understanding of what I am doing and it does work on many pairs. I will be posting some 4hr charts in the future so people can see the total PowerTrading method. It is never just one move.

Nice Post,
PT
Thx for ur kind words! I look forward to to your examples..
  • #285
  • Nov 15, 2007 9:17pm Nov 15, 2007 9:17pm
I took an Short entry on cable a few minutes ago..

Bad i missed the bounces off the river on gbp/jpy(which is now @ heavy support) and cad/jpy while reading and chatting

Okay here we go with charts :

btw one can see also my River240 Positions on cable and loonie.
Attached Image (click to enlarge)
Click to Enlarge Name: 161107 River15 Entry.png Size: 93 KB
  • #286
  • Nov 16, 2007 4:46am Nov 16, 2007 4:46am
We just broke out of the Zone. As usual I am in a little bit early because I jumped in on the last Fib swing and then it broke.. This is a good break. I am currently up 70 pips and have locked 40 in with SL.

PT
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver51.gif Size: 20 KB
Zone Breakout Method
  • #287
  • Nov 16, 2007 4:56am Nov 16, 2007 4:56am
Quoting AidanPryde
I took an Short entry on cable a few minutes ago..

Bad i missed the bounces off the river on gbp/jpy(which is now @ heavy support) and cad/jpy while reading and chatting

Okay here we go with charts :

btw one can see also my River240 Positions on cable and loonie.
Good Job again you are catching pips with this strategy every day now.

PT
Zone Breakout Method
  • #288
  • Nov 16, 2007 5:20am Nov 16, 2007 5:20am
I am out with 40 pips profit but looking to get back in if we turn of bottom of the Zone. You can understand my thinking if you look at the fibs for today. When we broke back through the 23.6 of todays move, I took my profit and put my 40 pips in the bank. Now if we go up here and have a standard 38.2 bounce I will get back in once I have conformation. 2.0400 should be some support. Be smart.

PT
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver52.gif Size: 20 KB
Zone Breakout Method
  • #289
  • Nov 16, 2007 5:33am Nov 16, 2007 5:33am
Watching this move. The 2.0400 has held on the first attempt to go through but we could have another. That area was also the 38.2 retracement of the the high to low of today. Don't jump back in without confirmation.

PT
Zone Breakout Method
  • #290
  • Nov 16, 2007 6:04am Nov 16, 2007 6:04am
Tested the 38.2 which will now be short term resistance. We tried to come back through the 23.6 which will now be short term support. There is not much price action at the moment so no reason to act.

PT
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver53.gif Size: 20 KB
Zone Breakout Method
  • #291
  • Nov 16, 2007 6:14am Nov 16, 2007 6:14am
I took too long with that last post. Here is a better picture of what is going on now. Both fib areas and the 2.0400 are holding for the time being.

PT
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver54.gif Size: 20 KB
Zone Breakout Method
  • #292
  • Nov 16, 2007 9:00am Nov 16, 2007 9:00am
can someone show me how to draw the color Zone Box?

Thanks
  • #293
  • Nov 16, 2007 10:23am Nov 16, 2007 10:23am
just go to the properties of the box and choose any color you want
  • #294
  • Nov 16, 2007 11:11am Nov 16, 2007 11:11am
Quoting PowerTrader
Good Job again you are catching pips with this strategy every day now.

PT
Not really today..my Stoploss was hit on the retracement..so -54 pips for me today

My River240 Positions were both stopped out@ BE !

But no problem ,opportunities are abundant

ohh just see there were also 2 longs on geppy and cad/jpy which i missed also
  • #295
  • Edited Nov 18, 2007 7:42am Nov 16, 2007 2:36pm | Edited Nov 18, 2007 7:42am
XSDelivers and sitges, thank you for getting back to me, can you please tell me how to draw the box on the MT4 chart?
I understand the concept of color zone, but don't know how to draw the box, there are tools to draw the lines but not the box.

Thanks
  • #296
  • Nov 16, 2007 5:06pm Nov 16, 2007 5:06pm
Quoting mkyg
XSDelivers and sitges, thank you for getting back to me, can you please tell me how to draw the box on the MT4 chart?
I understand the concept of color zone, but don't know how to draw the box, there are tools to draw the lines but not the box.

Thanks
If you are using MT4 charts you go to insert and then shapes and select rectangle. I hope that helps.

PT
Zone Breakout Method
  • #297
  • Nov 16, 2007 5:09pm Nov 16, 2007 5:09pm
See where we ended up today. Notice we broke the Zone on both sides. I normally do not take trades so late in the day on Friday so I did not take the break at the top although it was good for some pips. Good day today.

PT
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver55.gif Size: 19 KB
Zone Breakout Method
  • #298
  • Nov 16, 2007 5:56pm Nov 16, 2007 5:56pm
Stay tuned! I am going to break down todays trading for you and show you where you could have made pips and where we actually did. I will be explaining our method in relationship to fibonacci and support and resistance (The Zone). Understanding what we are teaching will make it much easier to do on your own. I am going to spend quite a bit of time working on this so you should read. This method when understood completely is unlike any other.

PT
Zone Breakout Method
  • #299
  • Nov 17, 2007 4:30am Nov 17, 2007 4:30am
Powertrader your words are right. Trading the cable is easier with the zone. But i would advice other people that g/j is harder to trade with Zone because its trending volatility. Cable has more consolidation price periods unlike g/j.
So the basic 15min river system should works better then the modified one on g/j.
I tried both with the Zone and i never lost pips with cable unlike g/j.
  • #300
  • Nov 17, 2007 12:09pm Nov 17, 2007 12:09pm
Quoting darko80
Powertrader your words are right. Trading the cable is easier with the zone. But i would advice other people that g/j is harder to trade with Zone because its trending volatility. Cable has more consolidation price periods unlike g/j.
So the basic 15min river system should works better then the modified one on g/j.
I tried both with the Zone and i never lost pips with cable unlike g/j.
Very well put darko80,

I was the biggest fan of the G/j but have found more consistant trading by eliminating it. I am not advising anyone else to follow but that is my finding.

Thanks,
PT
Zone Breakout Method
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