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PowerTrading/The River

  • #481
  • Dec 6, 2007 9:09am Dec 6, 2007 9:09am
Just to finish my Trade.. i was stopped out there ! So today no good day but doesnt matter -> there will be new opportunities the coming days!

Also i think i understand why PT is not posting today..the day before NFP is bad to trade ...!

Have a nice day everyone!
  • #482
  • Dec 6, 2007 9:13am Dec 6, 2007 9:13am
Quoting AidanPryde
Just to finish my Trade.. i was stopped out there ! So today no good day but doesnt matter -> there will be new opportunities the coming days!

Also i think i understand why PT is not posting today..the day before NFP is bad to trade ...!

Have a nice day everyone!
heya bro
well ya a really bad day god dam gbp cut the rate and see gj is rising hehehe what a lame day today i think i will loss
  • #483
  • Dec 6, 2007 10:04am Dec 6, 2007 10:04am
Remember my friends there is much news out this week and it affects the price. Some times people only look at technicals (the charts) and forget about the news. It is important to know when a major announcement will be made and hopefully you will be positioned so you do not lose big in such a case.

PT

Remember Non-Farm Payroll tomorrow in US!
Zone Breakout Method
  • #484
  • Dec 6, 2007 10:15am Dec 6, 2007 10:15am
Hello guys,

I think it is the best time i give somethng back to this forum. am not scared trading during NPF because i make money trading at this time.

Strategy:
We all know that volatility is always high during this period. so at exactly 5mins before the news.

I place buy/sell order at 25pips away from the market price.
SL=50
TGT=75

when one of the buy/sell is hit, i close the order.

Hope you demo trade this tomorrow and let me have your result.

NB:
This is also applicable to other major news like
Interest rates

thanks
  • #485
  • Dec 6, 2007 10:20am Dec 6, 2007 10:20am
Quoting Naijafx
Hello guys,

I think it is the best time i give somethng back to this forum. am not scared trading during NPF because i make money trading at this time.

Strategy:
We all know that volatility is always high during this period. so at exactly 5mins before the news.

I place buy/sell order at 25pips away from the market price.
SL=50
TGT=75

when one of the buy/sell is hit, i close the order.

Hope you demo trade this tomorrow and let me have your result.

NB:
This is also applicable to other major news like
Interest rates

thanks
Thx for the input and please don`t take any offense..but this Thread is not about Straddling techniques ! there are lots of other threads for this! Also forget demo trading this ! especially for this demo is useless as u will get always an perfect fill @ ur prices in STARK contrast to an live account! imho straddling has become an suckers game!
wish u good luck for tomorrow anyways! (if u pm me i have some EA`s for this which will straddle your config automtically..)
  • #486
  • Dec 7, 2007 9:23am Dec 7, 2007 9:23am
Good week everyone. I am finished for the week with over 340 pips in the bank. Non-farm was pretty dull but now it is time to stop trading and enjoy the weekend.

PT
Zone Breakout Method
  • #487
  • Dec 9, 2007 11:08am Dec 9, 2007 11:08am
Hey PT

Tried many times to register on web site on two different computers and couldn't get it done. Kept saying string I typed in didn't match. Had several people try it but no luck. Any other way to register?

Thanks
Mombone
  • #488
  • Dec 10, 2007 3:10am Dec 10, 2007 3:10am
Broke the Zone which was also the high of Friday. I move the stop into profit right away. It went as high as 40 + Pips so far and I moved the stop to more profit. It moved back on me and stopped me out with 27 Pips profit. This is the way to keep those positive pips and make sure something will be in the bank if it backs up.
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver90.gif Size: 28 KB
Zone Breakout Method
  • #489
  • Dec 10, 2007 3:11am Dec 10, 2007 3:11am
Just another shot as I moved the stop further, but it is closed now.
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver91.gif Size: 27 KB
Zone Breakout Method
  • #490
  • Dec 10, 2007 5:53pm Dec 10, 2007 5:53pm
I will be posting charts a little later. Remember we have interest rate news coming out tomorrow afternoon, US time.

PT
Zone Breakout Method
  • #491
  • Dec 11, 2007 2:33am Dec 11, 2007 2:33am
TP,
Thanks for the River, I'm adding it to my charts and it will surly help. I found that when the 45 SMA crosses the 62 SMA it is a good signal to exit. It's just what I noticed on the 15m TF. I don't like using Fab. levels...they never work for me.

I used a white dash line for the 62 and dark gray dashes for the 45, that way the charts are not so busy. Hope this helps.
  • #492
  • Dec 12, 2007 1:05am Dec 12, 2007 1:05am
Quoting tyger
TP,
Thanks for the River, I'm adding it to my charts and it will surly help. I found that when the 45 SMA crosses the 62 SMA it is a good signal to exit. It's just what I noticed on the 15m TF. I don't like using Fab. levels...they never work for me.

I used a white dash line for the 62 and dark gray dashes for the 45, that way the charts are not so busy. Hope this helps.
It is good to notice as many patterns as possible for exiting. I use fibonacci for the most part to determine exit. I find a fib bounce is almost always the end of any run.

Thanks,
PT
Zone Breakout Method
  • #493
  • Dec 12, 2007 1:09am Dec 12, 2007 1:09am
Good morning everyone!
Just wanted to let ya know i am still around and will continue to do so

But my schedule is still a bit chaotic so please excuse that i cannot post everyday !

Big THX @ PT for still educating us all

Today i would have time but i am (IMHO) uncertain of the markets behaviour because of the FED Rate Cut and i will only watch the charts today...but if I see something obvious i will trade and post..!!

Happy day everyone !
  • #494
  • Dec 12, 2007 1:10am Dec 12, 2007 1:10am
Look at today and yesterday. Break of Zone = Pips!


PT
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver92.gif Size: 30 KB
Zone Breakout Method
  • #495
  • Dec 13, 2007 10:01am Dec 13, 2007 10:01am
Just closed my short position for the day. Total of 60 pips today on the break out. You really had to look at your fibs today to get the best out of today.
Attached Image (click to enlarge)
Click to Enlarge Name: cableriver95.gif Size: 26 KB
Zone Breakout Method
  • #496
  • Dec 13, 2007 1:44pm Dec 13, 2007 1:44pm
Learn to trade. There are no quick solutions. I am sitting on 400 plus pips for the month trading one pair. Is that enough? You tell me what value you could put on each pip. And there is still more month.

Fibonacci, Price Action, Trend Lines, Support and Resistance and Money Management. There are great threads all over FF on these subjects and I put it all together here.

Learn and earn.

PT
Zone Breakout Method
  • #497
  • Dec 13, 2007 6:43pm Dec 13, 2007 6:43pm
Greetings all, I have followed this site for over a year now and am happy to say that this is the best method for gaining pips that i have come across. After reading this thread from front to back and back testing this method i am quite certain that it is a winner...my question is how do you interpret the FX Sniper and what does the chime indicate?

My compliments to PT for leading the charge with this system.
  • #498
  • Dec 14, 2007 2:36am Dec 14, 2007 2:36am
Good morning everyone! Here my Trades for today!

Beware of the news!

USDCore CPI m/m

USDIndustrial Production m/m

As Usual every input is welcome on what i can do better
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 141207 GBPUSD River15 Entry.png Size: 78 KB
Click to Enlarge Name: 141207 Geppy River15 Entry.png Size: 89 KB
  • #499
  • Edited 3:49am Dec 14, 2007 3:05am | Edited 3:49am
My Geppy trade was stopped out !

EDIT:

Bad geppy is falling now..just a few pips and i would still be init (did not fall very much fow now)

GPB/USD just hit Target 1

EDIT 2 :

Closed cable for +21 Pip! Reasons: 1H Chart Triangle and 4H chart FIB Support also this weeks Low is near!


EDIT 3:

CAD/JPY River15 is breaking north and also my River240 Tradeon u/J is beginnign to get traction! i will not consider any shorts for today anymore..also YEN Futures are considering breaking River240 to the downside!

So i begin to be biased to the bullside Let`s wait and see if i can get another trade for BE today !
  • #500
  • Dec 14, 2007 3:48am Dec 14, 2007 3:48am
okay Cable hit my 2nd Target also but better to be "safe than sorry"

I consider to buy the pound now depending on Price Action the next 25minutes (2.0330 area is this weeks Low )..but this has nothing to do with the river!

Just btw there might be an possibility for an river240 the next 16hrs on the EUR/USD (if it can fall below 1.4550 with authority)

eur/jpy had also a great river15 opportunity if i had noticed it bad i dont have enuff screens heads and hands lol
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