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Diary of a Mad Surfer

  • #161
  • Jan 22, 2008 4:59am Jan 22, 2008 4:59am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
I already have over 400 pips on this one. So giving up another 100 pips is not that much in order to sit out this retracement. By next week hopefully I'll be up 800 pips. But as they say just follow the charts and look for a good opp. to short this pair. ( this opportunity may happen today, tomorrow or friday so just watch and wait)
Patience i have, understanding i need, but it's getting there.
  • #162
  • Jan 22, 2008 8:56am Jan 22, 2008 8:56am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
failed breakthrough of the daily 100, 4h 8 looking to cross up on 13. obviously we wait for the 8x13 to cross but in doing so it's returning to the bull trend.

daily and 4h 100 above 200, bull trend confirmation!

good signal or not, if my thought process is correct i would look to take a position of the 4h 8x13 cross and either 4h 13x100 or the daily 8x13 cross.

we wait and see.
  • #163
  • Jan 22, 2008 9:35am Jan 22, 2008 9:35am
Quoting MPP
failed breakthrough of the daily 100, 4h 8 looking to cross up on 13. obviously we wait for the 8x13 to cross but in doing so it's returning to the bull trend.

daily and 4h 100 above 200, bull trend confirmation!

good signal or not, if my thought process is correct i would look to take a position of the 4h 8x13 cross and either 4h 13x100 or the daily 8x13 cross.

we wait and see.
Which pair are you talking about?
Just Trade It
  • #164
  • Jan 22, 2008 9:37am Jan 22, 2008 9:37am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Which pair are you talking about?

EUR/USD, after upcoming cross, waiting for retracement to 4h 8ma
  • #165
  • Jan 22, 2008 10:34am Jan 22, 2008 10:34am
BWR, just want to thank you bro for this easy and very effective system, made around 300pips yesterday on gold and same today. Thanks a lot bro.
regards
  • #166
  • Jan 22, 2008 2:52pm Jan 22, 2008 2:52pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Here is the EURCHF Weekly. It came close the the 50% Fibo and the 200. This looks like a good spot to consolidate and retrace a little bit here before it (may) go back down.
so how do we dicide the level? so far the 1h has bounce of the 100ma, but the 4h 8x13 has just crossed.

Looking at the wk and Daily charts, it seems this pair still has room to rise, or just sit about and wait for the MA to catch up, i am looking for something around the 1.62.

MPP
  • #167
  • Jan 23, 2008 1:14am Jan 23, 2008 1:14am
Quoting MPP
so how do we dicide the level? so far the 1h has bounce of the 100ma, but the 4h 8x13 has just crossed.

Looking at the wk and Daily charts, it seems this pair still has room to rise, or just sit about and wait for the MA to catch up, i am looking for something around the 1.62.

MPP
Thats the hardest thing to do in this buisness, Just sit and wait. But thats how you become successful is by sitting and waiting for good setups instead of trading everytime an ema crosses.
I agree we still have some time before EURCHF finishes it's corrective wave.
we may not get a good signal until next week. So we keep that in the back of our minds and look for other opportunities.
Just Trade It
  • #168
  • Jan 23, 2008 1:16am Jan 23, 2008 1:16am
Quoting kenneith
BWR, just want to thank you bro for this easy and very effective system, made around 300pips yesterday on gold and same today. Thanks a lot bro.
regards
Good job. Which Time frame where you trading?
Just Trade It
  • #169
  • Jan 23, 2008 2:50am Jan 23, 2008 2:50am
I start on 1hr tf with smaller lot and as the MAs align on higher t/f i add to position but at the moment i am not in gold trade because 8/13 have not crossed on daily.
regards
Quoting Big Wave Rider
Good job. Which Time frame where you trading?
  • #170
  • Jan 23, 2008 3:05am Jan 23, 2008 3:05am
I found a crossover alert and modified it. So far, It looks good. Please let me know how it works out.
Attached File(s)
File Type: mq4 2MA Crossover.mq4   8 KB | 232 downloads
Humble Lifetime Member
  • #171
  • Jan 23, 2008 3:16am Jan 23, 2008 3:16am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Ash
I found a crossover alert and modified it. So far, It looks good. Please let me know how it works out.
Will do, but i have also found a member that is currently working on the 3ma crossover with alarm and warnings. looks really good so far, will keep you all updated.

here's a preview, might be that it will be easier to adapt your ma crossover.

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 29 KB
  • #172
  • Jan 23, 2008 3:23am Jan 23, 2008 3:23am
Quoting MPP
Will do, but i have also found a member that is currently working on the 3ma crossover with alarm and warnings. looks really good so far, will keep you all updated.

here's a preview, might be that it will be easier to adapt your ma crossover.

Attachment

Thanks!
Humble Lifetime Member
  • #173
  • Jan 23, 2008 7:30am Jan 23, 2008 7:30am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Ash
I found a crossover alert and modified it. So far, It looks good. Please let me know how it works out.
I tried it out, nice and clean and only sends one alarm (so far) for each hour unless you flip TF.
you can also add 2 indicators to get the 13x100 on the same chart, it's also works to the current TF. Best one so far, but i will top that.LOL

so over all it's just what we've been looking for, so it's a good starting point if mine fails to provide the goods, the difference with mine is that it will show you what is going on in the 1h 4h and daily TF by use of the circles, so it can be added to a daily chart and you will know the alignment of the other 2, as you switch between charts it will show current tf ma's and arrows.

well get there in the end.
  • #174
  • Jan 23, 2008 7:35am Jan 23, 2008 7:35am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
BWR
can we get an update on EUR/USD, EUR/CHF and AUD/NZD.

not sure what happen, but i think i missed out on the EUR/CHF trade, was expecting a bigger retracement, but in hindsight i should have taken the short of the 1h 100ma, would have been up 150pips ++

Never mind, we live to learn.
  • #175
  • Jan 23, 2008 7:36am Jan 23, 2008 7:36am
Quoting MPP
I tried it out, nice and clean and only sends one alarm (so far) for each hour unless you flip TF.
you can also add 2 indicators to get the 13x100 on the same chart, it's also works to the current TF. Best one so far, but i will top that.LOL

so over all it's just what we've been looking for, so it's a good starting point if mine fails to provide the goods, the difference with mine is that it will show you what is going on in the 1h 4h and daily TF by use of the circles, so it can be added to a daily chart and you will know the alignment of the other 2, as you switch between charts it will show current tf ma's and arrows.

well get there in the end.
Thanks Buddy! I know we'll get there! I sold on the rally yesterday on a several currencies @ the 8 EMA. So far, so good, no losses. Over 100's of pips on each position.

We all owe our thanks to BWR for showing everyone the light!

Thinking about learning Elliot Waves, wonder what would BWR have to say about it or something else he could possibly recommend?
Humble Lifetime Member
  • #176
  • Jan 23, 2008 7:52am Jan 23, 2008 7:52am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Ash
Thanks Buddy! I know we'll get there! I sold on the rally yesterday on a several currencies @ the 8 EMA. So far, so good, no losses. Over 100's of pips on each position.

We all owe our thanks to BWR for showing everyone the light!

Thinking about learning Elliot Waves, wonder what would BWR have to say about it or something else he could possibly recommend?
well done on the pips, not so good here, seem to be having some confidence issues and SL problems, i'll get there soon. went long on EU at the 4h 8x13 cross, not looking so good now.

Change of system, larger TF and all that, banging my head against a brick wall not helping much either. at the moment i'm taking trades i probably shouldn't and missing ones i should. AAAAAAAAAAAAAAAAAAAhhhhhhhhh

how many pairs do you watch and how do you decide which ones to monitor, that is the question - answers on a postcard please.

I think i got to much going on and i'm losing track of things.
  • #177
  • Edited 8:04am Jan 23, 2008 8:03am | Edited 8:04am
Quoting MPP
well done on the pips, not so good here, seem to be having some confidence issues and SL problems, i'll get there soon. went long on EU at the 4h 8x13 cross, not looking so good now.

Change of system, larger TF and all that, banging my head against a brick wall not helping much either. at the moment i'm taking trades i probably shouldn't and missing ones i should. AAAAAAAAAAAAAAAAAAAhhhhhhhhh

how many pairs do you watch and how do you decide which ones to monitor, that is the question - answers on a postcard please.

I think i got to much going on and i'm losing track of things.
I just sent you a PM.

F.Y.I. I monitor all the currencies on my charts for possible trend changes, etc.
Humble Lifetime Member
  • #178
  • Jan 23, 2008 8:54am Jan 23, 2008 8:54am
Quoting Ash
Thanks Buddy! I know we'll get there! I sold on the rally yesterday on a several currencies @ the 8 EMA. So far, so good, no losses. Over 100's of pips on each position.

We all owe our thanks to BWR for showing everyone the light!

Thinking about learning Elliot Waves, wonder what would BWR have to say about it or something else he could possibly recommend?

E.W is very good to understand the basics of how waves form. Some people get too deep and try to count every little price movement which is impossible in real time and only good in hindsight. I still study E.W though but dont apply it to my trading. Good job on the pips.

EuroCHF, I thought it would have stalled a little bit more but I was wrong about the timing. Some times its good to put in an order below the last low that way if the price breaks while your away you will still be able to catch it. Thats just what happened of my EJ short. It stalled on the 38% fibo, I placed an order short of that. Just got home to see it was triggered and now I am up 150 pips on that trade. As far as other pairs I think its back to business as usual. Yesterday was a freak rally and threw all T.A out of wack. but it looks like we are heading back down for now.
Pound Swissy took off as well
Just Trade It
  • #179
  • Jan 23, 2008 9:00am Jan 23, 2008 9:00am
Keep an eye on Swiss yen. It finally broke out of it's daily (lasted for months) range then came back up yesterday. If all other pairs drop then this will go as well.
Just Trade It
  • #180
  • Jan 23, 2008 9:13am Jan 23, 2008 9:13am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Keep an eye on Swiss yen. It finally broke out of it's daily (lasted for months) range then came back up yesterday. If all other pairs drop then this will go as well.

Hi BWR
thanks for the heads up. looked at chart and the daily is already short, so we now wait for the 4h 8 to cross back down over the 13? 4h had a nice touch to the 100 and the 8 and 13 look to be moving closer.

seems straight forward enough.

MPP
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