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  • #181
  • Feb 22, 2008 2:58am Feb 22, 2008 2:58am
Quoting MPP
here's my EU 4h chart, note that the daily 8ma will take us down to around 1.4711, which would give us a nice 50% fib entry (pivot), but i expect it to bounce of the 4h 8ma on the way, so could be a slow day.

will be a slow day, i'm around.

Attachment
today either so you could be right, then again it is FRIDAY muahahaha, you just never know on a friday. Ive still got half a posi on and sitting tight until we see something happen one way or another...
Never say never.
  • #182
  • Feb 22, 2008 4:26am Feb 22, 2008 4:26am
Quoting razldazl
I think if I add more lines my computer is going to smack me...lets see Ive got trendlines and fans, fibs and fib channels, s/r levels...it already looks like the something out of star wars...but those fit very nicely on your chart twoblink I have to say, thanks, and Im still patiently waiting for your email...take care, Raz
Star Wars. They're firing lasers across your charts. There was someone a few days ago that posted a chart in the James16 Chart Thread who had so many lines and indicators on his chart I couldn't even see where price was lol.
  • #183
  • Feb 23, 2008 8:41pm Feb 23, 2008 8:41pm
Before you add so much onto the charts, maybe you should take a deep breath, and just look at the prices.. I use both VT and MT4, and VT allows me to see only highs and lows, without the open and close. I find that to be easier as far as price action is concerned to view..

So now I prefer vanilla bars (no open and close) vs regular bars vs candles..

as long as you are making money though, that's the important part..
google:
  • #184
  • Feb 24, 2008 3:22am Feb 24, 2008 3:22am
Personally I need to keep things as simple as possible, or I just go blank.

What Im doing is working for me, so Im going to keep plugging on this way and keep increasing my add ons when the market is going my way and taking profit when it slows down, THIS WORKS FOR ME and like you say, if the pips are rolling in then thats all that counts. Someone once told me that if you have a restaurant that is successful, you shouldnt even change the napkins, leave everything exactly as it is...so thats it for me folks, I think I found my recipe, and while it works Im not going to change anything or look for improvements (for now) just carry on:
trading with the trend
enter with a small position
adding on as it goes my way
taking profit when it stalls at an s/r Im not sure it will pass
adding again when it gets moving or closing at breakeven...look for new entry point
using Jackos AH on losses
I use PA, trendlines, trendfans, fibs(of all kinds) and have been tinkering with mas
Eurusd is getting more and more volatile, Im thinking of trading something with a smaller ATR, something that doesnt involve the USD like eurchf, but Im not used to that pair...well ramble ramble, take care all, Raz
Entering small ensures that my losses are small
Never say never.
  • #185
  • Feb 24, 2008 8:14am Feb 24, 2008 8:14am
Quoting razldazl
Personally I need to keep things as simple as possible, or I just go blank.

What Im doing is working for me, so Im going to keep plugging on this way and keep increasing my add ons when the market is going my way and taking profit when it slows down, THIS WORKS FOR ME and like you say, if the pips are rolling in then thats all that counts. Someone once told me that if you have a restaurant that is successful, you shouldnt even change the napkins, leave everything exactly as it is...so thats it for me folks, I think I found my recipe, and while it works Im not going to change anything or look for improvements (for now) just carry on:
trading with the trend
enter with a small position
adding on as it goes my way
taking profit when it stalls at an s/r Im not sure it will pass
adding again when it gets moving or closing at breakeven...look for new entry point
using Jackos AH on losses
I use PA, trendlines, trendfans, fibs(of all kinds) and have been tinkering with mas
Eurusd is getting more and more volatile, Im thinking of trading something with a smaller ATR, something that doesnt involve the USD like eurchf, but Im not used to that pair...well ramble ramble, take care all, Raz
Entering small ensures that my losses are small
Definitely keep things simple. This way you remain more focused and can react quicker to whatever the market throws at you. What's important like you say is that you have a method that works for you and that your account grows. I don't even view pips the same way as I use to before. Before I was aiming to get 400 pip runs because back then 400 pips equals more money LOL. Now... I'm content with 50 pips because as my account grows, so will the value of each pip through compounding
  • #186
  • Feb 25, 2008 2:18am Feb 25, 2008 2:18am
Im looking to buy around 1.4700, where I have a few trendlines coming in...
Never say never.
  • #187
  • Feb 25, 2008 3:39am Feb 25, 2008 3:39am
I wanted to ask you.. how are the trendfans doing for you? Is it adding to your profits, or simply adding to your stress??

I find learning to draw them to be easy to teach, but reading them seems a little bit tougher for people than I initially thought..
google:
  • #188
  • Feb 25, 2008 3:48am Feb 25, 2008 3:48am
It takes a bit to figure out how they can help, and like anything else it takes time to TRUST what they are telling you..I use them in combination with other things mainly for s/r points...Im watching 1.4793 now on eur, I think we are going to blow through there and then test it from the underside...if I were inclined to sell I think it would be a great sell point. The other day I was looking at audusd and came up with exactly the same s/r point as someone else with another J16 s/r methodology, using trendfans, so there is definitely something to them...I think like anything else you have to practice practice practice to find out the best way to use them. Maybe you should have a little demonstration workshop hehe, since I know you have so much free time on your hands LOL, kidding, Raz
Never say never.
  • #189
  • Feb 25, 2008 11:41pm Feb 25, 2008 11:41pm
I've got global travel lined up for the next two months; life is in fast forward, and probably an upcoming job change...

I also was stuck on the last part of my "Grand Sauce Unification Theory" but I've had a breakthrough last week and so I'll be looking to formalize and program it.

Strangely, I thought when I am all done, I would be overly excited, jumping up and down and giddy like a 6th grade girl; but I'm not, I feel just relieved, to get that stage of my FX life done.

The 3rd book, about reversals, is one I REALLY want to write, but it's such a monster in size that I feel intimidated by the amount of time it will take.

I think drawing alone will take me over 40 hours, just hand drawing the bars.. And then typing out all the concepts. I would be shocked if the book didn't break 80 pages, and probably closer to 100 pages..

As far as your trading, I find that you sharing is great; but I want to give you a piece of advice; don't LISTEN to other people's buys or sells..

If I buy a BMW, then I'll try to get everybody else to buy one so we can have comradery, which is great for friendship, but not great for profit.

Do what you gotta do, justify it to yourself. Glad you are doing well..
google:
  • #190
  • Feb 28, 2008 12:32am Feb 28, 2008 12:32am
You are a great source of inspiration. It feels good to be on track after working hard for three years now...I guess everyone has to find what works for them, and you are sooo right about not listening to other people, you can easily forget who you are and what you think. But I think its all part of a process we all have to go through, a long strange metamorphosis which leads us to where we are in the here and now. Take care, Raz
Never say never.
  • #191
  • Edited 12:21pm Feb 29, 2008 12:06pm | Edited 12:21pm
I cant believe it. The impossible just happened...Ive been waiting for a decent pullback on eur to buy and I had an order in for 1.5150. I was really feeling that trigger happy feeling but I staved it off...and you know there were so many times I thought oh there Ive missed it now but I still didnt jump in(!) Anyway I came home and my order at 50 has been picked up, I cant believe it! Spiked into a trade! Even if it drops to hell now I dont care I waited for my price and got it...what a great feeling. Anyway I had to write this because theres no one in the real world who understands hehe,,,have a great weekend all, Raz
Well now I feel stupid for writing that but you know, when I left it was breaking 00 and going up and I was sure Id missed the pullback so thats why I got so excited...hehe
Never say never.
  • #192
  • Mar 1, 2008 4:50am Mar 1, 2008 4:50am
When you get it, it's like Christmas isn't it??

Last time, I had a bunch of positions and a stop placed, and the price was ONE PIP off from my SL and then rebounded and showed a profit.. I Love that too!!
google:
  • #193
  • Mar 4, 2008 1:14pm Mar 4, 2008 1:14pm
Well, stopped out (with profit) on my last 1.5150 eur position, too bad it was a good entry. Nothing is looking like it knows where its going short term, maybe because of the news this week or maybe because there are no buyers left on this one way street hehe...so just watching on the sidelines for now. Anyone looking at aussie? I was looking for somewhere to get in but I will hold off for now, looks like it has some more downside to it...
Never say never.
  • #194
  • Mar 4, 2008 1:18pm Mar 4, 2008 1:18pm
Quoting razldazl
Well, stopped out (with profit) on my last 1.5150 eur position, too bad it was a good entry. Nothing is looking like it knows where its going short term, maybe because of the news this week or maybe because there are no buyers left on this one way street hehe...so just watching on the sidelines for now. Anyone looking at aussie? I was looking for somewhere to get in but I will hold off for now, looks like it has some more downside to it...
Keep an eye out for the Daily on Aussie. Might see a change in trend (short term trend change) if the equities keep on selling off.
Humble Lifetime Member
  • #195
  • Mar 4, 2008 1:23pm Mar 4, 2008 1:23pm
Quoting Ash
Keep an eye out for the Daily on Aussie. Might see a change in trend (short term trend change) if the equities keep on selling off.
Was hoping I might get some input from you Ash, thanks...
Never say never.
  • #196
  • Mar 4, 2008 1:53pm Mar 4, 2008 1:53pm
Quoting razldazl
Was hoping I might get some input from you Ash, thanks...
No problem, anytime!
Humble Lifetime Member
  • #197
  • Mar 4, 2008 6:18pm Mar 4, 2008 6:18pm
Here's my analysis of the audusd daily chart.

0.9300 level failed to hold. If you draw your 50.0% fib retracement and your next level of support, you're probably looking at 0.9050/0.9000 level again.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_daily.gif Size: 12 KB
  • #198
  • Mar 5, 2008 6:35am Mar 5, 2008 6:35am
thanks zoopy
Never say never.
  • #199
  • Mar 8, 2008 7:56am Mar 8, 2008 7:56am
I'm focusing on Euro exclusively because the company will only give me limits for one market but interesting levels in Aussie, nonetheless.

Hope you're well.

Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 18 KB
  • #200
  • Mar 8, 2008 9:57am Mar 8, 2008 9:57am
Hey Wiz,
I just went long on friday, tight stop...not sure about the carry slide being over but I couldnt ignore that nice supporting trendline. Yes I mainly trade eur as well, but aussie has a cleaner look these days, so Im watching it, lets see where it goes next week...take care, Raz
Never say never.
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