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PowerTrading/The River

  • #381
  • Nov 27, 2007 1:56am Nov 27, 2007 1:56am
Pt,

how is your health now? and hope all is well with you.... please do take care of yoour self.
  • #382
  • Edited 2:04am Nov 27, 2007 1:56am | Edited 2:04am
Here my Chart for the cable ! As sometimes price makes it hard to draw nice Zones, then I draw seperate levels with the same tool!

EDIT: The Black Fibs are NOT the Fibs of the Last Move but for the whole upmove of last week ! But analysis stays the same! Sorry for not beeing that concentrated today!

But overall i am 100% supportive of PTīs Plan for today! He`s a great teacher


If somebody wonders that i dont throw out any Geppy charts today..there was a news related(Yen Falls as Citigroup Sells Stake, Reviving Carry Trade Demand) ) spike through the river and this is beyond my stage of fx education so i probably will leave the yaps at the side today! This action scared me lol
Attached Image (click to enlarge)
Click to Enlarge Name: 271107 GPBUSD River15 Trading Plan.jpg Size: 212 KB
  • #383
  • Nov 27, 2007 4:18pm Nov 27, 2007 4:18pm
Quoting Naijafx
Pt,

how is your health now? and hope all is well with you.... please do take care of yoour self.
Thank you for the kind words. I am still feeling a little bad and this is the reason for few posts. I hope to feel better soon.

Again thank you,
PT
Zone Breakout Method
  • #384
  • Nov 27, 2007 4:20pm Nov 27, 2007 4:20pm
Quoting AidanPryde
Here my Chart for the cable ! As sometimes price makes it hard to draw nice Zones, then I draw seperate levels with the same tool!

EDIT: The Black Fibs are NOT the Fibs of the Last Move but for the whole upmove of last week ! But analysis stays the same! Sorry for not beeing that concentrated today!

But overall i am 100% supportive of PTīs Plan for today! He`s a great teacher


If somebody wonders that i dont throw out any Geppy charts today..there was a news related(Yen Falls as Citigroup Sells Stake, Reviving Carry Trade Demand) ) spike through the river and this is beyond my stage of fx education so i probably will leave the yaps at the side today! This action scared me lol
You are doing well with your charts and explanations. You are a wise trader to watch the fundamental (news, etc.) as well as the charts. Thank you for your posts and the respect you show. I am grateful for your participation.

PT
Zone Breakout Method
  • #385
  • Edited 11:33pm Nov 27, 2007 5:08pm | Edited 11:33pm
Quoting AidanPryde

Here only a River240 on Gold ! Entry on Friday !
Did anybody acutally notice my FAT FAT error on the charts !

Trading is a lot about concentration and it seems i loose alot of it because i am sick and my thoughts are somewhere else ..

I will add my thaughts the coming days BUT will not trade them..!!

Please forget that Gold Trade (was stopped out @ BE -10€ for comission(demo)) AS IT WAS ON AN 1H CHART...i simply traded what i saw and i even wrote "here my river entry from last friday"..unbelievable..on an 4H Chart (WHICH IS TO BE USED FOR RIVER240) this of course looks completely the other way..

I take this as a clear sign i should relax and first get the girls outta my head before ENTERING Trades ..

But as i said i will watch and comment as this and next Week are imho quite telling about the fundamental and general market sentiment !

Added the River240 Chart to let everybody see how fu**** i was today

EDIT:will add Pic later..my inet sucks (but strangely only in my browser )
Attached Image (click to enlarge)
Click to Enlarge Name: 271107 Gold Plan River240.jpg Size: 166 KB
  • #386
  • Nov 27, 2007 6:33pm Nov 27, 2007 6:33pm
Quoting AidanPryde
Did anybody acutally notice my FAT FAT error on the charts !

Trading is a lot about concentration and it seems i loose alot of it because i am sick and my thoughts are somewhere else ..

I will add my thaughts the coming days BUT will not trade them..!!

Please forget that Gold Trade (was stopped out @ BE -10€ for comission(demo)) AS IT WAS ON AN 1H CHART...i simply traded what i saw and i even wrote "here my river entry from last friday"..unbelievable..on an 4H Chart (WHICH IS TO BE USED FOR RIVER240) this of course looks completely the other way..

I take this as a clear sign i should relax and first get the girls outta my head before ENTERING Trades ..

But as i said i will watch and comment as this and next Week are imho quite telling about the fundamental and general market sentiment !

Added the River240 Chart to let everybody see how fu**** i was today

EDIT:will add Pic later..my inet sucks (but strangely only in my browser )
I have not been commenting on the 240 river because I wanted people to learn the basics and fibonacci before they are into new things. But you remember it and are smart to watch. I will be putting the 240 in play very soon and it is a big part of the total PowerTrading method.

PT
Zone Breakout Method
  • #387
  • Nov 27, 2007 9:37pm Nov 27, 2007 9:37pm
can somebody please repost the sniper cci trigger. the other link is bad.

thanks
  • #388
  • Nov 27, 2007 10:07pm Nov 27, 2007 10:07pm
Quoting moneyonmind
can somebody please repost the sniper cci trigger. the other link is bad.

thanks

This one should work.
http://www.divshare.com/download/2919082-c36 http://www.divshare.com/images/icons/share.gif
Zone Breakout Method
  • #389
  • Nov 27, 2007 10:12pm Nov 27, 2007 10:12pm
This is what I have for the current zone.

PT
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver72.gif Size: 21 KB
Zone Breakout Method
  • #390
  • Nov 27, 2007 11:43pm Nov 27, 2007 11:43pm
My first attempt at this...fingers crossed. Hopefully sniper attachments are what you're looking for.
Attached File(s)
File Type: ex4 fxsniper cci.ex4   1 KB | 400 downloads
File Type: mq4 fxsniper cci.mq4   1 KB | 481 downloads
  • #391
  • Nov 27, 2007 11:53pm Nov 27, 2007 11:53pm
thanks guys yall rock
  • #392
  • Edited 6:03pm Nov 28, 2007 2:43pm | Edited 6:03pm
Quoting PowerTrader
You are doing well with your charts and explanations. You are a wise trader to watch the fundamental (news, etc.) as well as the charts. Thank you for your posts and the respect you show. I am grateful for your participation.

PT
Thank you very much for your kind comment...i was allready thinking if maybe i clutter the thread to much

Please have a look at post #378! I guess u did not notice it...!
  • #393
  • Nov 28, 2007 7:48pm Nov 28, 2007 7:48pm
What would be some good signals that there is a false river break?
  • #394
  • Nov 28, 2007 8:48pm Nov 28, 2007 8:48pm
Quoting moneyonmind
What would be some good signals that there is a false river break?
You need to have Price Action to enter a trade. In other words and this normally does not happen in the beginning of the day GMT time till the early European session. In that time period Price Action is slow and trades normally should not be entered.

So to answer your question, you must have Price Action and break Support or Resistance to effectively trade. Others may differ on this point but that is my opinion.

PT
Zone Breakout Method
  • #395
  • Nov 28, 2007 8:49pm Nov 28, 2007 8:49pm
Quoting comego
My first attempt at this...fingers crossed. Hopefully sniper attachments are what you're looking for.
Hey Comego,

Good to see you.

PT
Zone Breakout Method
  • #396
  • Nov 29, 2007 12:17am Nov 29, 2007 12:17am
Looks like you guys are having fun in here! And making pips too! Thanks for bringing this to my attention PT. I used to demo this system a little over a year ago but it wasn't what I was looking for at the time. Just started demo trading again and i'm up 170 pips on GJ just today.I love the box addition. It helps determine the type of market your in. I'm still learning how touse fibs correctly. Do you use the fib from yesterdays high and low or just the most recent swing high/low? I've heard both be commented on. Anyway thanks. And keep posting, you never know how many non-posters are watching and learning!!

Jar
  • #397
  • Nov 29, 2007 12:37am Nov 29, 2007 12:37am
would a good price acton indicator be absolute strength histogram?
  • #398
  • Nov 29, 2007 1:12am Nov 29, 2007 1:12am
Hello Pt,

I hope you are getting better? We've missed your ever consistence presence in this thread and the other site.

we are still waiting for the PDF file explaining your strategy

thanks
  • #399
  • Edited 2:39am Nov 29, 2007 2:23am | Edited 2:39am
I just completed this trade and I am going to walk you through the process. Here is where we broke the zone. Notice where my sell order is located.
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver73.gif Size: 19 KB
Zone Breakout Method
  • #400
  • Nov 29, 2007 2:26am Nov 29, 2007 2:26am
Notice once in profit, I set a stop loss locking in 5 pips and set my target which was the 61.8 fib.
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver74.gif Size: 19 KB
Zone Breakout Method
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