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Diary of a Mad Surfer

  • #301
  • Feb 7, 2008 5:03am Feb 7, 2008 5:03am
Quoting Big Wave Rider
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.
I had the fibs placed like you good...will keep watching, its a volatile pair, but will wait and see if I get a cross on 4hr 13x100 and if we get down to the short area of the fib on the 4hr as well...thanks again, Raz
Never say never.
  • #302
  • Feb 7, 2008 9:25am Feb 7, 2008 9:25am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
I'm with you there, be careful today, this could be the price in then reverse on the statement.
well i stole the pips and left the building +150pips, unfortunately i make the opposite choice on EU and held the position so -100pips, overall this month i'm up, trading various pairs thanks to this method.

Cheers all for the help

still short on UJ but was out when it spiked, but it looks to be heading lower, now looking to re-enter the GbpChf after the retracement up to the 8/13 zone.

BWR which pair is the Swissy, seen two options on this UsdChf or GbpChf?
  • #303
  • Feb 7, 2008 9:55am Feb 7, 2008 9:55am
Quoting MPP

BWR which pair is the Swissy, seen two options on this UsdChf or GbpChf?

Swissy is not a pair, its a nickname for CHF.
Just Trade It
  • #304
  • Feb 7, 2008 10:00am Feb 7, 2008 10:00am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Swissy is not a pair, its a nickname for CHF.
no wonder i can't keep up
  • #305
  • Feb 7, 2008 3:10pm Feb 7, 2008 3:10pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
what a crap finish to the day overall down 100pips. made on GC, lost on EU and UJ wtf happen to the uj. nerves set in now, i know i should short uj from this point and re-enter GC. but i'm out can't take it any more, fridays come early, i'm up for the week and leaving it there.

you know that will change in the morning.lol
  • #306
  • Feb 8, 2008 2:52am Feb 8, 2008 2:52am
E.U hit T3 of the last mini wave to the pip. You heard me I said TO THE MFing PIP! Don't believe me, look at the charts. It actually went past T1 of the first wave down by only a few pips Either fib would of given you profit on that trade. Looking to go back in soon.
Attached Image (click to enlarge)
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Just Trade It
  • #307
  • Feb 8, 2008 2:59am Feb 8, 2008 2:59am
Quoting MPP
what a crap finish to the day overall down 100pips. made on GC, lost on EU and UJ wtf happen to the uj. nerves set in now, i know i should short uj from this point and re-enter GC. but i'm out can't take it any more, fridays come early, i'm up for the week and leaving it there.

you know that will change in the morning.lol

Don't get me wrong I like Jacko's method and A.H strategy, but his buy EU on dips dosn't work any more becasue nothing is really trending anymore. Every pair seems to be reversing in corrective patterns which are tricky, The best strategy right now at the moment is to follow the 4hr and 1hr trend grab your pips and run.
I don't trade UJ or GJ but I watch them as they are great indicators for AJ and EJ.
Just Trade It
  • #308
  • Feb 8, 2008 3:04am Feb 8, 2008 3:04am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
E.U hit T3 of the last mini wave to the pip. You heard me I said TO THE MFing PIP! Don't believe me, look at the charts. I actually went past T1 of the first wave down by only a few pips Either fib would of given you profit on that trade. Looking to go back in soon.
long or short - we are currently sitting on the Daily 100, so i stayed out, my mistake was not trusting the 4h 8x13 cross and believing that the 50% fib would hold and see us long again, as soon as the 13x100 i should have closed and waited.

as for UJ wtf, now i can't decide what to do, everything is long on the 1h and the 4h is heading that way, will be watching the resistance area around 107.90 so may AH this on the way down or take the break.
  • #309
  • Feb 8, 2008 3:07am Feb 8, 2008 3:07am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Don't get me wrong I like Jacko's method and A.H strategy, but his buy EU on dips dosn't work any more becasue nothing is really trending anymore. Every pair seems to be reversing in corrective patterns which are tricky, The best strategy right now at the moment is to follow the 4hr and 1hr trend grab your pips and run.
I don't trade UJ or GJ but I watch them as they are great indicators for AJ and EJ.
seems the best idea at this time, my problem is prevailing trend on D and Wk charts, any advise on trading this would be a great help.

i was thinking about just grabbing 50pips after the 1h crosses if in line with the 4h trend!!!
  • #310
  • Feb 8, 2008 3:20am Feb 8, 2008 3:20am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
here's one i'm looking at

AU
1h clossed above 100 back into the trend and the 4h 8x13 complete. but we are in the long zone - just below R1.??????????????? to many questions, i liked it better before you showed us the pivot/fibs
  • #311
  • Feb 8, 2008 3:20am Feb 8, 2008 3:20am
Quoting MPP
seems the best idea at this time, my problem is prevailing trend on D and Wk charts, any advise on trading this would be a great help.

i was thinking about just grabbing 50pips after the 1h crosses if in line with the 4h trend!!!
I know how it feels. First I was short on UJ beginning of the week, got out. Saw it was consolidating on the daily. I would have placed a bet for it to move down but the US equity markets screwed it all up.

I will be going back and doing an analysis on my daily charts this weekend to see which currencies which might see a trend change on the daily TF's. I'll post them here and on Cesar's thread so that everyone can do their own analysis. Does anyone have any favorite currencies? Anyone can give me any currencies, I'll take it as an assignment to hone my skills (if I have any).

Just send me a PM and I'll include them on my list.
Humble Lifetime Member
  • #312
  • Feb 8, 2008 3:20am Feb 8, 2008 3:20am
Quoting MPP
seems the best idea at this time, my problem is prevailing trend on D and Wk charts, any advise on trading this would be a great help.

i was thinking about just grabbing 50pips after the 1h crosses if in line with the 4h trend!!!
That is the best strategy until the markets resume to normal (which might not happen until later this year) I would love to trade off of the weekly and daily but it seems when you start to get a trend on the daily it reverses on you. Weekly is showing trend reversals or at least corrections. When wall st. starts to say we found a bottom and then starts to rally then we can switch back to the weekly and daily and trade with the long term trends again but for now its 4hr and 1hr
Just Trade It
  • #313
  • Feb 8, 2008 3:26am Feb 8, 2008 3:26am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
That is the best strategy until the markets resume to normal (which might not happen until later this year) I would love to trade off of the weekly and daily but it seems when you start to get a trend on the daily it reverses on you. Weekly is showing trend reversals or at least corrections. When wall st. starts to say we found a bottom and then starts to rally then we can switch back to the weekly and daily and trade with the long term trends again but for now its 4hr and 1hr

this is how crazy things are, look at Ucad, 13x100 on 4h and daily in opposite directions and 1h looks to be crossing into the short zone????
  • #314
  • Feb 8, 2008 3:27am Feb 8, 2008 3:27am
Quoting Ash
Anyone can give me any currencies, I'll take it as an assignment to hone my skills (if I have any).

Just send me a PM and I'll include them on my list.

My favorite are EU EJ AU AJ USCAD

My second set is Cable, GBPCHF and EURCHF

These are the only pairs I trade
I look at all pairs but only trade these, but never more than 3 at a time, it all depends on the setup.
I guess I would have to say I trade E.U and A.J the most.
Just Trade It
  • #315
  • Feb 8, 2008 3:28am Feb 8, 2008 3:28am
Quoting Big Wave Rider
My favorite are EU EJ AU AJ USCAD

My second set is Cable, GBPCHF and EURCHF

These are the only pairs I trade
I look at all pairs but only trade these, but never more than 3 at a time, it all depends on the setup.
I guess I would have to say I trade E.U and A.J the most.
Thanks, and will post my results this weekend!
Humble Lifetime Member
  • #316
  • Feb 8, 2008 3:41am Feb 8, 2008 3:41am
I forgot to fill out my trading plan this morning, be back in a few.
I love my plan, it's like having a map. since I started it I have been 100% on my trades. Okay I lost 2 but that was because I didn't follow my plan, got greedy and tried a quick scalp, then I looked at my plan again and I traded in the opposite direction of what my plan said to do. Lack of DISCIPLINE will get you every time.
Just Trade It
  • #317
  • Feb 8, 2008 4:12am Feb 8, 2008 4:12am
I really like the putting things in a binder BWR, great idea, I usually do a full analysis over the weekend and then go back to things but this is a great way to organize your thoughts and add to things...I wish I could print things out on this computer I just changed to vista and it is imcompatible with EVERYTHING I own (scanner, printer etc etc) such a pain....anyway, binder idea works well for me...thanks for that. Raz
Never say never.
  • #318
  • Feb 8, 2008 4:21am Feb 8, 2008 4:21am
Quoting razldazl
I really like the putting things in a binder BWR, great idea, I usually do a full analysis over the weekend and then go back to things but this is a great way to organize your thoughts and add to things...I wish I could print things out on this computer I just changed to vista and it is imcompatible with EVERYTHING I own (scanner, printer etc etc) such a pain....anyway, binder idea works well for me...thanks for that. Raz
It sure does! Thanks BWR for giving us the idea of putting things down on paper / binder.
Humble Lifetime Member
  • #319
  • Feb 8, 2008 4:22am Feb 8, 2008 4:22am
Quoting razldazl
I really like the putting things in a binder BWR, great idea, I usually do a full analysis over the weekend and then go back to things but this is a great way to organize your thoughts and add to things...I wish I could print things out on this computer I just changed to vista and it is imcompatible with EVERYTHING I own (scanner, printer etc etc) such a pain....anyway, binder idea works well for me...thanks for that. Raz
I stayed away form vista because it was too new and I finally started to understand windows after having macs for the last 15 years. So I was not about to relearn a new program. Thats odd that it does not work with anything, do you have a windows backup somewhere? How is vista? Is it really that good or just really confusing?
Just Trade It
  • #320
  • Feb 8, 2008 4:33am Feb 8, 2008 4:33am
Quoting Big Wave Rider
I stayed away form vista because it was too new and I finally started to understand windows after having macs for the last 15 years. So I was not about to relearn a new program. Thats odd that it does not work with anything, do you have a windows backup somewhere? How is vista? Is it really that good or just really confusing?
You know what I dont see the difference to be honest...there must be something special about it, but I havent found it the system just doesnt work with things that ran with XP, I dont get it, my scanner is new this year so you would think it should be compatible...its probly a plot to make us buy all new hardware Im thinking LOL...anyone else using Vista out there and finding it special¨? Well, Im no expert I just do what I did with XP, but it is a pain I have to say...Raz
Never say never.
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