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Diary of a Mad Surfer

  • #281
  • Feb 6, 2008 7:02am Feb 6, 2008 7:02am
Is that a new term lol I like it very explicative ...ok yeah we must have been posting at the same time earlier...
Im looking at your eurchf chart, to follow what youre doing, so you saw it bounce off the short area and then you had the 8x13 cross plus a touch on 100 and you are watching the s1 area for support and watching price action around there too..thanks BWR
Never say never.
  • #282
  • Feb 6, 2008 7:09am Feb 6, 2008 7:09am
Hey BWR, just wanted to add that I've always followed the equity markets (Nikkie, DAX, FTSE, S&P 500 & the DOW). Ever since I've utilized your system, it has made a huge difference in my trading. The equity markets are still in bear territory according to your system. On any rallies, I've been selling the carry trades (Yen crosses) with a huge success.

Need to work on those Fib's and exits. Otherwise, I'm almost 99% on my trades.

Thanks for everything!
Humble Lifetime Member
  • #283
  • Feb 6, 2008 7:21am Feb 6, 2008 7:21am
Quoting Ash
Hey BWR, just wanted to add that I've always followed the equity markets (Nikkie, DAX, FTSE, S&P 500 & the DOW). Ever since I've utilized your system, it has made a huge difference in my trading. The equity markets are still in bear territory according to your system. On any rallies, I've been selling the carry trades (Yen crosses) with a huge success.

Need to work on those Fib's and exits. Otherwise, I'm almost 99% on my trades.

Thanks for everything!

AWESOME!! Keep up the good work and feel free to post your analysis and charts here so we can all benefit. Sometimes I don't see all the possibilities that you or someone else might see and vice versa. The fibs will amaze you in their accuracy, Sometimes I forget I have ma's on my charts
Seriously the work GREAT together.
Just Trade It
  • #284
  • Feb 6, 2008 7:28am Feb 6, 2008 7:28am
Quoting Big Wave Rider
AWESOME!! Keep up the good work and feel free to post your analysis and charts here so we can all benefit. Sometimes I don't see all the possibilities that you or someone else might see and vice versa. The fibs will amaze you in their accuracy, Sometimes I forget I have ma's on my charts
Seriously the work GREAT together.
I'll start posting them today!
Humble Lifetime Member
  • #285
  • Edited 8:30am Feb 6, 2008 8:20am | Edited 8:30am
hi, still testing BWR MAs.... the only problem i found so far is how to deal with my own patience.. maybe it's because i only learn to scalp for the last few months... in longer TF it really feels different . I also learnt about TEB's 200 method from the thread that BWR gave from the previous posts and 1-2-3 pattern yesterday so i tried to apply it as well...

right now i keep watching on GU..


on 1H its under 200, and 8x13 occured several hours ago
on 4H its under 200, and 8x13 already crossed @ 1feb, and 5feb... (8n13 X 100n200)
on Daily its under 200... and 8x13 will cross soon..
on weekly, it's near 100.

i also put fibo @ 4 feb 00:00 low (100fib) to 4feb 16:00 hi (0fib) on 4H chart... was expecting for 1-2-3 pattern.. and it did break the 100 fibo line.

fibo @ 22jan lows (100fib) to 30jan hi (0fib) on daily chart.. expecting for 1-2-3 pattern..

if the price can break the daily lows (100fib) as well, i think i can go to watch weekly chart and see if price will move towards weekly 200 or bounced back up from 100

well.. still have no idea if i'm doing the right thing here.. so need your opinion coz i think i miss something here..

thanks before.
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"hope is people denial to reality".
  • #286
  • Feb 6, 2008 9:31am Feb 6, 2008 9:31am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Here is EurChf 4hr. Below the 200 in a down trend, 8 crossed the 13 price bounced off of the short fib level. BIG time support at the S1 level as that is also the 200 on the monthly, I am already short on this pair but will be watching this level closely.

UsdChf pulling the same stunt, one to watch, but would appreciate any input as i have no experence with this pair. currently sitting on Daily S1 in retracement mode.
  • #287
  • Feb 6, 2008 11:58am Feb 6, 2008 11:58am
Quoting MPP
UsdChf pulling the same stunt, one to watch, but would appreciate any input as i have no experence with this pair. currently sitting on Daily S1 in retracement mode.
I don't trade that pair but I watch it. Actually I used my CHF and bought U.S dollars for when I go back to the states. I bought at 1.08. That is sooooo cheap and if it goes down much futher I will buy more. But to trade this pair is tough because it is so volatile, it moves in whipsaw waves.
Just Trade It
  • #288
  • Feb 6, 2008 4:07pm Feb 6, 2008 4:07pm
I mainly utilize the DAX to follow the price action on the EURO, FTSE for Cable, S&P for the $ / Yen Strength // weakness.

It is pretty interesting if someone were to spend the time following the price movements. Basically, all the daily charts on all indices are in bear territory but interesting, the FTSE Monthly is in bear territory, where does that leave cable, we'll find out in the long run.
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Humble Lifetime Member
  • #289
  • Feb 7, 2008 2:34am Feb 7, 2008 2:34am
Quoting Ash
I mainly utilize the DAX to follow the price action on the EURO, FTSE for Cable, S&P for the $ / Yen Strength // weakness.

It is pretty interesting if someone were to spend the time following the price movements. Basically, all the daily charts on all indices are in bear territory but interesting, the FTSE Monthly is in bear territory, where does that leave cable, we'll find out in the long run.
Awesome charts all the markets follow each other and make the same patterns it's important to watch.
Just Trade It
  • #290
  • Feb 7, 2008 3:32am Feb 7, 2008 3:32am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Aj
For
here's one to watch, 4h 13x100 pending?, daily 8x13 pending? dropping through to pivot should see the crosses complete. short at short point for around 300pips

Against
Interest rate diffenrence should see carries back on, but will the 200 weekly be tested one last time - not so good on fundimentals.

i'd trade the technical as looking at Ash's charts it's all down hill for a while longer???? wait for the confirmation on crosses.

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  • #291
  • Feb 7, 2008 3:44am Feb 7, 2008 3:44am
Quoting MPP
Aj
For
here's one to watch, 4h 13x100 pending?, daily 8x13 pending? dropping through to pivot should see the crosses complete. short at short point for around 300pips

Against
Interest rate diffenrence should see carries back on, but will the 200 weekly be tested one last time - not so good on fundimentals.

i'd trade the technical as looking at Ash's charts it's all down hill for a while longer???? wait for the confirmation on crosses.

Attachment
The direction that the equity markets are headed, an educated guess would be downhill. A break in the DOW above 13100 (which I remember correctly is the 200 EMA) would signal that the bulls are back. I've been selling on the rallies and it has worked so far utilizing the 8x13.
Humble Lifetime Member
  • #292
  • Feb 7, 2008 4:13am Feb 7, 2008 4:13am
Quoting MPP
Aj
For
, but will the 200 weekly be tested one last time -
Its right above the weekly 100 acting as support. I think it wants to go down futher but will wait and see.
EJ doing the same.
Just Trade It
  • #293
  • Feb 7, 2008 4:23am Feb 7, 2008 4:23am
Hi BWR,
I wonder if you could post a chart for usdchf, Ive been watching this pair for a possible short, lots of PA on 4hr, a pin followed by a BEOB and I am waiting to see if we may get a cross down on the 13x100...Im calling it a downtrend on weekly and if we continue down we may get a weekly pin...8x13 have crossed on hourly and bounced off 100 ema. I would really love to see where you have your bo fibs placed on this one...thks, Raz
Never say never.
  • #294
  • Edited 4:38am Feb 7, 2008 4:34am | Edited 4:38am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
so what to do now - short on GbpChf from 2.1525 tp was 2.1300. need some advice,

should i
a) TP half let the rest run?
b) TP all re-enter on retracement to 8ema - big drop we know it's going to retrace
C) move SL to BE+1+a couple to cover interest overnight and hold the pair

My head said a and b mix, tp half, re-enter new trade on retracement.

OR BWR it - take the pips and run.

regards

MPP

should add this is more of a lack of understanding on the effects of the interest statement due today.
  • #295
  • Feb 7, 2008 4:55am Feb 7, 2008 4:55am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
one to watch or enter any views

EurJpy

daily 8x13 down 100 merging on 200 or is it down already?
4h 13x100 and 8x13 down, 100 below 200

?mt4 demo 100 not crossed down on 200, but on Northfinance cross complete - strange, never thought the weekend candle would have that much effect.

anyway waiting for the break of the short zone - do we need the candle to close/open to confirm and enter - still getting used to this

best of pips

MPP
  • #296
  • Feb 7, 2008 4:55am Feb 7, 2008 4:55am
Its amazing how although Im fully aware that at this point I should be looking for reasons to go long instead of short I am still thinking short...same with eur I cant not think long...I need to be reprogrammed...any thoughts on usdjpy guys, Im short its not moving much would you say it needs a good pullback up to the 109 area before dropping? thnks, Raz
Never say never.
  • #297
  • Feb 7, 2008 4:58am Feb 7, 2008 4:58am
Quoting razldazl
Hi BWR,
I wonder if you could post a chart for usdchf, Ive been watching this pair for a possible short, lots of PA on 4hr, a pin followed by a BEOB and I am waiting to see if we may get a cross down on the 13x100...Im calling it a downtrend on weekly and if we continue down we may get a weekly pin...8x13 have crossed on hourly and bounced off 100 ema. I would really love to see where you have your bo fibs placed on this one...thks, Raz
We are in the weekly and daily short areas of the fibo levels plus we are below the 200 in every time frame but the 1hr where it is being tested now. The 4hr fibo is still in the long but I would be bearish on this pair if I traded it.
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Just Trade It
  • #298
  • Feb 7, 2008 4:58am Feb 7, 2008 4:58am
Quoting MPP
one to watch or enter any views

EurJpy

daily 8x13 down 100 merging on 200 or is it down already?
4h 13x100 and 8x13 down, 100 below 200

?mt4 demo 100 not crossed down on 200, but on Northfinance cross complete - strange, never thought the weekend candle would have that much effect.

best of pips

MPP
Yes all signs point down except we are sitting on weekly ema 100 right now...
Never say never.
  • #299
  • Feb 7, 2008 5:00am Feb 7, 2008 5:00am
Quoting MPP
so what to do now -- take the pips and run.

interest statement due today.
I'm with you there, be careful today, this could be the price in then reverse on the statement.
Just Trade It
  • #300
  • Feb 7, 2008 5:01am Feb 7, 2008 5:01am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting razldazl
Its amazing how although Im fully aware that at this point I should be looking for reasons to go long instead of short I am still thinking short...same with eur I cant not think long...I need to be reprogrammed...any thoughts on usdjpy guys, Im short its not moving much would you say it needs a good pullback up to the 109 area before dropping? thnks, Raz
for me it's all about the 100 and 200 positions and EU is very much long as an example of changes look at EJ 100/200 closing in on each other to me this is either a major correction or a trend change, but still learning so it's just my opinion. i'm still short UJ it'll drop soon - won't it?
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