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Attachments: PowerTrading/The River
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PowerTrading/The River

Quoting netwise
Hi Guys !

well here is the 2nd trade of mine
i miss the short entery i think that gj will reached the 227.69 area hehe but its just turn from 227.40 the 76.xx fib level anyway its ok

well rite now i am just took long again in GJ from 225.10 targettting 226.10
attached the chart so lets see if i got more +100 or not

thanks
netwise
Not sure if going long on a strong down move is a wise idea.. mr netwise
Quoting doubledutch
Not sure if going long on a strong down move is a wise idea.. mr netwise
well bro we will see that i prefer long at the moment i am alraedy long from 225.10 so lets see if i can get +100 or not
I had a huge night. I am still adding the pips but on this trade alone I had 150 plus. I am over 200 for the night on same strategy as before. If you looked at 4hr chart it was an amazing break of support. I entered at the break of yesterday's low. It backed up a little and then went wild.
I did not have time to place the Zone.
Attached Image (click to enlarge)
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Zone Breakout Method
The Powertrading break out worked and allowing the trade to run by moving stops up as we kept breaking new ground allowed me to get the maximum pips.

PT
Zone Breakout Method
  • Post #465
  • Quote
  • Edited at 6:32am Dec 5, 2007 6:21am | Edited at 6:32am
Hi all, closed out my positions this morning with 272 Pips for the night. Amazing night. What a drop. I will post some other charts later. We broke long term support and by using the 4hr chart with trend lines, I was able to identify the probability of a big run. These Pips are from real trades on our live audited account.

PT

I hope everyone had a great night.
Zone Breakout Method
Quoting PowerTrader
Hi all, closed out my positions this morning with 272 Pips for the night. Amazing night. What a drop. I will post some other charts later. We broke long term support and by using the 4hr chart with trend lines, I was able to identify the probability of a big run. These Pips are from real trades on our live audited account.

PT

I hope everyone had a great night.
very very nice congrats for ur great pips

good luck
This is the same 4hr chart I posted before. The bottom of the box or 4hr Zone had been tested and touched by 16 4hr candles until it broke today. The angled trend lines below were strong support and two went back months with multiple touches. This information will make you a full time trader once you learn it.

PT
Attached Image (click to enlarge)
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Zone Breakout Method
Quoting netwise
well bro we will see that i prefer long at the moment i am alraedy long from 225.10 so lets see if i can get +100 or not
Netwise, i am not trying to be awkward....but are you not going against the system. Please correct me if i am wrong but the system is break out of the zone north, one should go long and south one should go short. The market has broken out to the south and you are going long. I pose these questions for my own clarification as well as other less experienced traders out there.
Your clarification or justification for that trade would be most helpful.
Thanks and good luck.
DD
Quoting doubledutch
Netwise, i am not trying to be awkward....but are you not going against the system. Please correct me if i am wrong but the system is break out of the zone north, one should go long and south one should go short. The market has broken out to the south and you are going long. I pose these questions for my own clarification as well as other less experienced traders out there.
Your clarification or justification for that trade would be most helpful.
Thanks and good luck.
DD
Hey DD,

Netwise may be a little early with his long position but you will probably see me take a long position later in the day. After a drop of 200 pips you will get some retrace. I would imagine a minimum of 50 pips but probably more. If you pull fibs we will retace to at least the 23.6, and probably the 38.2 even if we are going to continue the drop.

PT
Zone Breakout Method
Quoting doubledutch
Netwise, i am not trying to be awkward....but are you not going against the system. Please correct me if i am wrong but the system is break out of the zone north, one should go long and south one should go short. The market has broken out to the south and you are going long. I pose these questions for my own clarification as well as other less experienced traders out there.
Your clarification or justification for that trade would be most helpful.
Thanks and good luck.
DD
Thanks for a nice question bro
well first of all i wana say that we need 2 charts 15m and 4h. first of all we just cant see the 15m chart to trade the River we also need to see the 4h chart too and in 4h u will see that bottom is reached in gj and probably we will see wome upward movement may be i m wrong or may be i cant clarify my things but i took the long as per river rulesz bro that how i trade the river and make successful trading some times lossess too
so may be if i am doing wrong this time i loss but i do what i see in my river charts hope its clear something if u have any more questions please surely let me know i am waiting

thanks
netwise
in addition of the above post
======================

well what i exp with the River in 15 m charts we see waves of the river
and well my exp told me that when the price go down from the waves it should come back in the waves so when i took long its breaks the waves of the river and thats why its the basic reason why i took long coz it will go back for sure in the waves of the river

secondly when u see 4h chart and when u see price action u see gj touched the bottom ( on that time ) a little thing i wana tell that pur rsi ( i will tell u my setting for it ) and see the 4h u see that rsi is already on the bottom of the chart its also help to u trade with the river

bro DD i hope that u understand my things well if i am not clear and if u want any thing else which u wana ask i am here

thanks
netwise
Quoting PowerTrader
This is the same 4hr chart I posted before. The bottom of the box or 4hr Zone had been tested and touched by 16 4hr candles until it broke today. The angled trend lines below were strong support and two went back months with multiple touches. This information will make you a full time trader once you learn it.

PT
PowerTrader, how did you draw the zone breakout?
I don't know which point to start(High-Low).

* Can someone make the sound alert EA when the candle touch the blue or the red line.

Thanks in advance.
Thanks for the clarification both to you netwise and PT.
Here the finish to my geppy trade! a bit late i know bad i missed the cable trade !

Congratz to your Pips PT!

EDIT: In Pic it should tell "and then reversed and fell like a stone @ 23.6FIB.."
Attached Image (click to enlarge)
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Here my Cable and Geppy Zones for today!
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  • Post #476
  • Quote
  • Edited at 9:16pm Dec 5, 2007 8:58pm | Edited at 9:16pm
Here todays Geppy Entry

BUT PLEASE HAVE UR EYES ON THE NEWS TODAY!

we have:

GBPIndustrial Production m/m
GBPInterest Rate Statement

This could cause all technicals to become worthless imho ! ( I personally think a rate cut could be a high possiblity..THIS IS NO TRADING ADVICE)
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  • Post #477
  • Quote
  • Edited at 2:21am Dec 6, 2007 2:07am | Edited at 2:21am
Hi Guys !

well a dry day today i just got +18 hehe
somedays like that too
well yesterday i open long from 225.10 and close it today on 225.28
wait for long time and go like -160 point but wait and thanks GOD close it in profit

its remember me of my some dry days ehhee

thanks
Netwise
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Trade 2
======

Here is another Trade i am in short GJ from 224.56 lets see how many pips i got its an original river trade

attached here with the chart

thanks
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+50 in pocket in the above trade which i open from 224.56 close on 224.06 heheh thanks GOD
18 + 50 = 68 pips today i think its good

attached the chart for confirmation

Netwise
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3rd Trade of the Day
===============


well i am short now in GJ as the River told me its a pure river trade i short GJ now from 224.40 targetting lets see how much i gain in this hehe

attached the chart for reference

thanks
Netwise
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