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  • #121
  • Feb 14, 2008 4:53am Feb 14, 2008 4:53am
Going to post a chart with an example of trendfans as per Twoblinks book, as Ive had a few people ask me how they work. Of course the best thing to do is get the book yourself, because I cant possibly give as good an explanation as he does....
I see my NF MT4 is missing a few days data from the 11th to the 13th this week, so my charts are not going to be any good. Going to download the Alpari version which is apparently better, anyway here is my chart and btw I am just learning all the putting paint lines in and its slow going believe me I am really amazed at these people who post charts with all the painted lines on in a flash I am a real bozo... ah and the arrows pointing at the red horizontal trendlines are support lines as per the trendfans junction spots...the trendfans kind of daisy chain to current price...
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Never say never.
  • #122
  • Feb 14, 2008 8:56pm Feb 14, 2008 8:56pm
Quoting razldazl
Going to post a chart with an example of trendfans as per Twoblinks book, as Ive had a few people ask me how they work. Of course the best thing to do is get the book yourself, because I cant possibly give as good an explanation as he does....
I see my NF MT4 is missing a few days data from the 11th to the 13th this week, so my charts are not going to be any good. Going to download the Alpari version which is apparently better, anyway here is my chart and btw I am just learning all the putting paint lines in and its slow going believe me I am really amazed at these people who post charts with all the painted lines on in a flash I am a real bozo... ah and the arrows pointing at the red horizontal trendlines are support lines as per the trendfans junction spots...the trendfans kind of daisy chain to current price...
I like your hand drawn arrows : I've always wondered about that on MT4. How come mt4 only allows you to draw up/down arrows but no diagonal ones? If only there was a drawing tool like illustrator... lol.
  • #123
  • Feb 15, 2008 1:33am Feb 15, 2008 1:33am
Having another go with this one
long at 0.9030 with 280 units,
my add on at 0.9058 has kicked in and my stop is at 0.9002 for both posis

so this means first would be max -28 loss and second max -56

we broke the trendline we have been hugging for the past day or so, so expecting this to offer some support, just below 9030, we will see
8x13 crossed over on hourly and we are in the long area on the Bobokus fibs as well...
My chart looks a mess with all the trendfan lines, Twoblink says he sees them in his head and doesnt need to draw them but Im leaving them on for others´benefit for the moment so you can see what Im drawing...I have one horizontal line in blue which coincides with my trendline and which I expect to hold (now since Ive said it we will drop through heheh) it is a trendfan junction which we use for support or resistance areas, something like Jims pivot point zones on j16
If you look at this hourly chart, speaking of price action, you can see this whole last upward move was indicated by a pin on the hourly, followed by an IB and a BUOB, all nice little signals that we were going up.
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Never say never.
  • #124
  • Feb 15, 2008 2:47am Feb 15, 2008 2:47am
I'm on vacation right now, but I seem to have gotten myself stranded in Vietnam with no plane ticke back home..

That said, how are the Trendfans working for you???

I have a Sales book I have to write, and my 3rd FX book will be about 123 and the art of the reversal..

From the trendfans and the last chart you posted, the market is up in 3 waves, (too bad I'm not at my own computer, or else I'd mark up your chart for you).

The low from the .8925 braches up in 3, so I see agressive market, moderate, and slow..

BTW, your chart do look messy.. Probably try to view each item you have by itself on a clean chart, instead of overlaying them.

If you want to do MA, then just a chart with MA.

Then just a chart with Trenfans

Then just a chart with Fibs

That way, you can review them independently. Otherwise, you risk "collusion" (I'm not sure I'm spelling that correctly..)
google:
  • #125
  • Feb 15, 2008 3:06am Feb 15, 2008 3:06am
Nice to hear from you twoblink,
Yes, agree its a mess...I had a few people asking me and I should have been more careful...how did you get stranded in Vietnam??:
So this is wave three on audusd hmm yes probly will go sideways now...I dont know anything about waves, I would like to hear more about your 123 book though,
take care and speak soon and yes I wish you could mark my chart for me..Raz
Never say never.
  • #126
  • Feb 15, 2008 3:58am Feb 15, 2008 3:58am
In long at 0.9030, sl now at 0.9051 (+21)
2nd posi at 0.9058, sl now at 0.9051(max -7)
3rd posi at 0.9079, sl at 0.0951 (-28 max)

this is a triple top area so we could easily crash and burn here, should be some support in the 60 area from those last highs, but Im well aware that 28 pips isnt much of a cushion at this point, anyway this is my plan and Im sticking to it
Never say never.
  • #127
  • Feb 15, 2008 4:35am Feb 15, 2008 4:35am
Quoting razldazl
In long at 0.9030, sl now at 0.9051 (+21)
2nd posi at 0.9058, sl now at 0.9051(max -7)
3rd posi at 0.9079, sl at 0.0951 (-28 max)

this is a triple top area so we could easily crash and burn here, should be some support in the 60 area from those last highs, but Im well aware that 28 pips isnt much of a cushion at this point, anyway this is my plan and Im sticking to it
Hi! I have been following your thread and it's a great idea. Maybe, one day, I may be able to keep a journal of my own (if I can find the time away from BWR's and Cesar's thread...lol). I would be careful in going long at the moment. Keep your S/L's tight. If the equity go south today, AU probably will go down with it.

Take care!

Ash
Humble Lifetime Member
  • #128
  • Feb 15, 2008 4:50am Feb 15, 2008 4:50am
Quoting Ash
Hi! I have been following your thread and it's a great idea. Maybe, one day, I may be able to keep a journal of my own (if I can find the time away from BWR's and Cesar's thread...lol). I would be careful in going long at the moment. Keep your S/L's tight. If the equity go south today, AU probably will go down with it.

Take care!

Ash
Yes, quite right, Im tempted to take my money and run...have tightened my stops right up under this last resistance at 89, to 0.9080 so locked in profit on all positions now
Never say never.
  • #129
  • Edited 5:43am Feb 15, 2008 4:55am | Edited 5:43am
Quoting razldazl
Yes, quite right, Im tempted to take my money and run...have tightened my stops right up under this last resistance at 89, to 0.9080 so locked in profit on all positions now


I would love to start trading this pair again but the way the equity markets are right now, I am currently staying away. If we get a big carry trade unwind, I will go back in for a longer term. Fundamentals tell me that a rebound in the equity markets along with the RBA possibly increasing rates, we might hit parity on this pair before the year is over.
Humble Lifetime Member
  • #130
  • Feb 15, 2008 5:11am Feb 15, 2008 5:11am
Quoting razldazl
Yes, quite right, Im tempted to take my money and run...have tightened my stops right up under this last resistance at 89, to 0.9080 so locked in profit on all positions now
Nice trading Raz!
  • #131
  • Feb 15, 2008 5:19am Feb 15, 2008 5:19am
Quoting zoopy
Nice trading Raz!
Looks like it was aussies turn to have wheaties for brekky today LOL, hanging in by the skin of my teeth, eur making new highs woohooo, lets see if it drags along the others hehe
Never say never.
  • #132
  • Feb 15, 2008 5:24am Feb 15, 2008 5:24am
Quoting razldazl
Looks like it was aussies turn to have wheaties for brekky today LOL, hanging in by the skin of my teeth, eur making new highs woohooo, lets see if it drags along the others hehe
LOL that's a good one. I think aussie is going way up in my opinion. If it breaks 0.9100 and sails through that level easily, 0.9200 is in sight and long-term we'll probably see 0.9500.
  • #133
  • Edited 5:54am Feb 15, 2008 5:30am | Edited 5:54am
knocked out at 0.9081, eur still making new highs, dang

So overall I got 30 pips on 6.4 minilots, 2.8 first posi, 2.1 second, and 1.5 3rd...my broker averages the positions so I was in from 51 in the end. Im quite happy with this method because I can hold larger positions than I could otherwise (according to my personal mm) with less risk. On this particular position my sl was never close to being threatened, but its easier to hold a smaller position with a larger sl imho than a larger posi with a smaller sl (not enough breathing space) especially these days when things have been so erratic. That said, if youre coming up to an obvious s/r area, you have to tighten up . These are not easy market conditions lately, and I agree with others that have been sceptical about holding until things are a bit more stable...take care all, Raz
Never say never.
  • #134
  • Feb 15, 2008 5:37am Feb 15, 2008 5:37am
on aussie, will wait and see where it goes...I agree about it going up but I think Ash´s analysis is right, and this might not be the moment. In any case orders above 0.910 are probly the safest bet...
Never say never.
  • #135
  • Feb 15, 2008 5:42am Feb 15, 2008 5:42am
Quoting razldazl
knocked out at 0.9081, eur still making new highs, dang
I think aussie is going back to 0.9050. You just reminded me, I was thinking about posting something about time analysis I did about a year ago. I monitored what the market did at certain hours but also how it moves throughout the hour. Quite interesting.
  • #136
  • Feb 15, 2008 6:02am Feb 15, 2008 6:02am
hehe
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Never say never.
  • #137
  • Feb 15, 2008 6:22am Feb 15, 2008 6:22am
Quoting razldazl
hehe
I like your arrows, it's cute and goes well with your avatar :
  • #138
  • Feb 15, 2008 8:54am Feb 15, 2008 8:54am
Have a great weekend everyone,
its been a good week overall, hope you have all done well, take care, Raz
Never say never.
  • #139
  • Feb 15, 2008 9:02am Feb 15, 2008 9:02am
Quoting razldazl
Have a great weekend everyone,
its been a good week overall, hope you have all done well, take care, Raz
Same to you and everyone!
Humble Lifetime Member
  • #140
  • Feb 18, 2008 6:01am Feb 18, 2008 6:01am
Ok here goes another fan attempt, anyone with other ideas chime in please...
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Never say never.
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