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The System (Irony included)

  • #861
  • Nov 30, 2007 12:57pm Nov 30, 2007 12:57pm
Quoting Fab
Hi feb,

I'd just like to thank you and others for the time to educate your fellows on this thread. I am not fluent in english, that's why I seldom post something here. But I keep on reading. If you open a thread on futures in another forum, please let me know. I'm quite interested in intermarket relationships as well.

Thanks.
Fabrice.
Fabrice,

With this quality of your writing, you call yourself not fluent?

All the best

TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #862
  • Nov 30, 2007 3:28pm Nov 30, 2007 3:28pm
Quoting clockwork71
getting married tomorrow.
Hey, CONGRATULATIONS, clockwork!!

Remember now ... always keep your sense-of-humor and have FUN with wifey!! And no matter how old you get, continue to playfully wrestle and tickle each other on the bed and everywhere else!
  • #863
  • Nov 30, 2007 4:15pm Nov 30, 2007 4:15pm
All the best, Clock. And stay away from the PC this weekend. Mrs. Clock married a smart guy.



Quoting leighsww
Hey, CONGRATULATIONS, clockwork!!

Remember now ... always keep your sense-of-humor and have FUN with wifey!! And no matter how old you get, continue to playfully wrestle and tickle each other on the bed and everywhere else!
Attached Image
  • #864
  • Nov 30, 2007 5:25pm Nov 30, 2007 5:25pm
feb. Thanks for bringing me back down to Earth, I will read all the posts on his thread over the course of the next few days.

BabeFX.
  • #865
  • Nov 30, 2007 9:59pm Nov 30, 2007 9:59pm
Best of Luck, Clockwork71.

Wishing you and your spouse much Health, Wealth, Love, and Perfect Self-Expression: "The Square of Life!"
  • #866
  • Nov 30, 2007 10:58pm Nov 30, 2007 10:58pm
Hey folks,

Sorry I haven't been around. I have just finished my vacation in Florida recently and I am currently out of the country on an excursion. I have just about finished up my trading for the year. I have an open position within 50 pips of my target and then I am pretty much out until after the holidays.

So traders beware. As Feb has stated. This is when the market will form many ranges and cause traders to lose their minds trying to figure out which direction or which approach.

In leau of this inconsistent market action I think this is a good time to really dig into some methodology and post some nice detail on charts to help you guys further along in the learning process. We may even be able to discuss some alternate ways to trade this same methodology. I am not talking crazy changes only slight variations to show how you can adapt this methodology for different trading styles.

I would even like to post some example charts from historical data and post them here as a Q&A (what would you do in this situation kind of thing).

If you folks would like to see this and if Feb is in agreeance then I believe this could be helpful for some folks.

Chat with you folks later.

Trader_V
Nothing is impossible, with a willing mind!
  • #867
  • Dec 1, 2007 1:39am Dec 1, 2007 1:39am
Congrats and best of luck to you and your new wife. I wish you both a life time of happiness and good health.

Married life is kind of like trading. It's an art that takes a lot of work in order to perfect. And once you perfect it, you will be rewarded with a life time of happiness

Quoting clockwork71
Feb -

Looks like I picked a great time to be busy.....getting married tomorrow.
Nothing is impossible, with a willing mind!
  • #868
  • Dec 1, 2007 3:38am Dec 1, 2007 3:38am
Quoting feb2865
Thank you very much

Green David

I daytrade ES very often so much of my weight trading wise is on futures/commodities. About DJIA there's still fear on housing outhere. You wrote something about dow -10k I didn't reply to that post 'cause I'll be cluttering this thread. I apologize.

Also, Christmas is coming. I personally reduce my trading during this time almost to none.

You can apply what I said on this thread to a lower time frame like 4 hr, just be aware of the noise and have an eye on risk.

I guess plenty of people grasp the idea of this thread . In my opinion, this is not a good time to initiate a position as there's too much stuff going on outhere, but still, if you see a formation, don't hesitate...pull the trigger.

Feel free to ask me any questions. If is important and you see I don't reply, please feel free to pm.

Peace
Thank you Feb, I put my trigger already on USD/CHF and with 250 pips by now.

Yes, I agree. Better have no positions before Christmas.

DJIA is so unpredictable and unreasonable. I could not understand that the US economy is slowing down to a possible recession, how come stocks will increase just on assumption that FED will lower the interest rate again. Look into future of a long time ahead, where will DJIA go? Maybe the market is unreasonable in short period.
  • #869
  • Dec 1, 2007 3:46am Dec 1, 2007 3:46am
Quoting clockwork71
Feb -

Looks like I picked a great time to be busy.....getting married tomorrow.

Besides, there are a lot of potential traps in the market at the moment. (Am I wrong, who knows? Who cares?) None-the-less......I will look at the weekly bars on Sunday.

USD/CAD is screaming to buy, BUT......the weekly is just now forming the "v", and it's counter-trend......so I leave this one alone.

I made so much money shorting it.....it could be hard to go long.

Because of this, can you tell me what would make you think trend is reversing? I know that we should see consolidation first.....so buddy, how 'bout a lesson?

Certainly we should see a trend change sooner or later? I know what to do with the trend......but when do we decide it changes? (Although I know it's premature at the moment.)


Clockwork
Congratulations to you! Have a good time with your wife and honey moon.

For U/C, I regretted also I didn't take the chance of its reversal. Even it is a correction, so what? It has increased almost 1000 pips, quite enough space for long term trading.

Notice that on Nov. 7, the difference between the lowest and highest is 250 pips and a hammer! Have you ever seen U/C a 250 pips difference before? The buying power/strength is tremendous.
  • #870
  • Dec 1, 2007 7:05am Dec 1, 2007 7:05am
congratularions clockwork!!!!


Peace
Peace
  • #871
  • Dec 1, 2007 7:42am Dec 1, 2007 7:42am
Hello guys

Thanks so much for keeping this thread alive. As I said before I am working on a new thread on futures, etc. But after a deep thinking I will include some forex charts as well. I will have it up and running by next week and I'll name it : The Systen (Irony included II) as I hate to teach about buy on x and sell on z..you know. I prefer for you to think and get your own conclusions.

Green David

There's some times that the markets become irrational. There's a lot of scared money outhere. Speculation is taking a big hit in the stock market as traders are sitting in their hands . Also, people are parking cash in gold, bonds etc. That's why I put so much weigth on trading what you see. If is not there and the market is acting crazy, well ...what would you do??

Remeber this: Anticipation goes hand in hand with reaction. You see some sort of candlestick formation like a hammer, etc it's good to keep your heads up. That's it. You see a V formation, now you see a possible trade, ...still heads up.

You see your signal....pull the trigger set your stops and ride the bus.

Just a side note ( a little hard language please apolgize in advance)

Markets are move by emotions, yes

Fear, greed and stupidity. This sub-prime crap is not a big deal. But still, traders, investors, fundies, etc. are making something out of nothing. Then you have the booyah fools, the Kudlows etc pouring plenty of salt on the wound...after all someone has to be at the other side of the trade don't you think??

Be the predator...not he prey. Let stupidity plays it's role on the markets and after the smoke clears, shoot!!!

You're gonna see a lot of these rigth now in christmas, yes including forex.

Peace


Peace
Peace
  • #872
  • Dec 1, 2007 11:51pm Dec 1, 2007 11:51pm
Quoting feb2865
Hello guys

Thanks so much for keeping this thread alive. As I said before I am working on a new thread on futures, etc. But after a deep thinking I will include some forex charts as well. I will have it up and running by next week and I'll name it : The Systen (Irony included II) as I hate to teach about buy on x and sell on z..you know. I prefer for you to think and get your own conclusions.

Green David

There's some times that the markets become irrational. There's a lot of scared money outhere. Speculation is taking a big hit in the stock market as traders are sitting in their hands . Also, people are parking cash in gold, bonds etc. That's why I put so much weigth on trading what you see. If is not there and the market is acting crazy, well ...what would you do??

Remeber this: Anticipation goes hand in hand with reaction. You see some sort of candlestick formation like a hammer, etc it's good to keep your heads up. That's it. You see a V formation, now you see a possible trade, ...still heads up.

You see your signal....pull the trigger set your stops and ride the bus.

Just a side note ( a little hard language please apolgize in advance)

Markets are move by emotions, yes

Fear, greed and stupidity. This sub-prime crap is not a big deal. But still, traders, investors, fundies, etc. are making something out of nothing. Then you have the booyah fools, the Kudlows etc pouring plenty of salt on the wound...after all someone has to be at the other side of the trade don't you think??

Be the predator...not he prey. Let stupidity plays it's role on the markets and after the smoke clears, shoot!!!

You're gonna see a lot of these rigth now in christmas, yes including forex.

Peace


Peace
Thank you Feb. "Be the predator...not he prey.", I will remember this.
  • #873
  • Edited 11:06pm Dec 3, 2007 5:22am | Edited 11:06pm
Quoting feb2865
congratularions clockwork!!!!


Peace
Hi!!!

I'm a bit late but congrats clockwork. All the best in the years to come.


Part 1
Below is a trade I took on the NZ/CAD using the V formation on the 4hr chart. The Daily is in a defined uptrend.

Part 2

Ok guys/gals I went to bed last night leaving my stop and take profit in place. Unfortunately price never got to where I planned for it too. Which in the life of the forex market happens.(that's why MM is so important hey) So now I'm managing the trade looking at a small loss. Below is a chart of what I'm seeing

Part 3

Finally closed my position today for a bit better than break even. I've been observing my position throughout the Asia session and witnessing NZ weakness across its crosses. It may still turn around and shoot back up and make a donkey out of me but to be honest I didn't want to see my trade go into the negative again for a second time. I prefer my trades to move smoothly in the intended direction otherwise I pull the pin and wait for another setup.

cheers guys
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: nzcad2.gif Size: 25 KB
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  • #874
  • Dec 3, 2007 7:09am Dec 3, 2007 7:09am
Quoting letitride
Hi!!!

I'm a bit late but congrats clockwork. All the best in the years to come.



Below is a trade I took on the NZ/CAD using the V formation on the 4hr chart. The Daily is in a defined uptrend.

I will edit my post as I close my trade and add the relevant chart of my results.

cheers
Perfect. Good patience. That's how I would've entered as well...
Mr. Trend
  • #875
  • Dec 3, 2007 8:21am Dec 3, 2007 8:21am
Hi fti, and all

There are four V-forms (in red shade) during the down trend of AUD/USD. I wonder the latest v-form can produce some profits. Or are we going to have up-trend v-form?

Daivd
  • #876
  • Dec 3, 2007 8:36am Dec 3, 2007 8:36am
Here is the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 4H V FORM.JPG Size: 106 KB
  • #877
  • Dec 3, 2007 4:12pm Dec 3, 2007 4:12pm
I would only be looking to enter new shorts or initiate longs on a break of the the previous week Hi or Lo.

Regards,

BabeFX
Attached Image (click to enlarge)
Click to Enlarge Name: gbpweekly120307.gif Size: 15 KB
  • #878
  • Dec 3, 2007 6:59pm Dec 3, 2007 6:59pm
Quoting Mr Trend
Perfect. Good patience. That's how I would've entered as well...

Thank you very much Mr Trend.


Yes I was happy with the setup.

However managing the trade is turning out to be the hardest part.

Please see previous post if anyone is interested

cheers
  • #879
  • Dec 3, 2007 9:04pm Dec 3, 2007 9:04pm
Hi all -

Wanted to thank you all for the best wishes.

It went really well, except that my 2 year-old son decided that he couldn't be bothered to wear his suit and walk up with us. He had more important things to attend to, as it was getting close to nap time.

So....Julie's mother took him into the back row, so they could watch.

While I was putting the ring on her finger....(Which just happened to be the most anxious moment in my life....) I hear my son say (loud enough for everyone to hear.....) "Nana......I went poopie."



Oh well, it's on videotape. I will keep it for when he is 16, and his girlfriend comes over to meet Julie and I.


Clockwork
  • #880
  • Dec 3, 2007 10:13pm Dec 3, 2007 10:13pm
Quoting clockwork71
Hi all -

Wanted to thank you all for the best wishes.

It went really well, except that my 2 year-old son decided that he couldn't be bothered to wear his suit and walk up with us. He had more important things to attend to, as it was getting close to nap time.

So....Julie's mother took him into the back row, so they could watch.

While I was putting the ring on her finger....(Which just happened to be the most anxious moment in my life....) I hear my son say (loud enough for everyone to hear.....) "Nana......I went poopie."



Oh well, it's on videotape. I will keep it for when he is 16, and his girlfriend comes over to meet Julie and I.


Clockwork

Dude that's a classic
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