Diary of a Mad Surfer | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Wave Surfer - Trading Journal 32 replies

TEB: Retracement Wave Surfer System 156 replies

please please help going mad 4 replies

Mad Money ... Mad Market? 3 replies

Attachments: Diary of a Mad Surfer
Exit Attachments

Diary of a Mad Surfer

  • #461
  • Mar 11, 2008 8:05am Mar 11, 2008 8:05am
Gentleman (and Ladies) Keep an eye out on the GU Daily. Might turn bearish in a couple of days.
Humble Lifetime Member
  • #462
  • Mar 11, 2008 9:59am Mar 11, 2008 9:59am
Quoting Ash
Gentleman (and Ladies) Keep an eye out on the GU Daily. Might turn bearish in a couple of days.
Well here is a not so naked chart : I got out of my longs with a little profit after it failed to break the target 1. plus it failed the high from last weeks candle. The bottom channel is a fibo fan on the weekly. we'll see if it holds support.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 24 KB
Just Trade It
  • #463
  • Mar 11, 2008 10:14am Mar 11, 2008 10:14am
I prefer to go naked as well, but I do keep the MAs on on the daily/weekly.
Patience + Humility + Study = Success
  • #464
  • Mar 11, 2008 10:15am Mar 11, 2008 10:15am
Quoting DutchTrader
I prefer to go naked as well, but I do keep the MAs on on the daily/weekly.
Yeah, we all need that extra sense of security.
Humble Lifetime Member
  • #465
  • Mar 11, 2008 10:32am Mar 11, 2008 10:32am
Quoting DutchTrader
I prefer to go naked as well, but I do keep the MAs on on the daily/weekly.

Plus when you look a naked charts you see the patterns, which happen over and over again. You can see impulsive patterns and corrective pattens. History never repeats itself but it follows what has happened in the past, which is how we move forward from the past, by looking back and seeing how we did it before, so we can do it again. It's called progress
Just Trade It
  • #466
  • Mar 11, 2008 12:49pm Mar 11, 2008 12:49pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
well i may be mad but my long entry on EU got filled at 1.5300, 50% on 4h chart and daily 8ma.
  • #467
  • Mar 13, 2008 9:54am Mar 13, 2008 9:54am
E.U and G.U hit targets but it consolidated instead of pulling back so there may be more room to go up higher. I'm holding but moved stops up. Lets see if we get another push before "Give it back Friday" comes.
Just Trade It
  • #468
  • Mar 13, 2008 10:11am Mar 13, 2008 10:11am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
E.U and G.U hit targets but it consolidated instead of pulling back so there may be more room to go up higher. I'm holding but moved stops up. Lets see if we get another push before "Give it back Friday" comes.
stilll holding mine
  • #469
  • Mar 16, 2008 11:00am Mar 16, 2008 11:00am
Quoting MPP
stilll holding mine
I got out, target hit.

Here is E.U weekly with fibo on last weeks candle. T2 hit.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 17 KB
Just Trade It
  • #470
  • Edited 11:32am Mar 16, 2008 11:06am | Edited 11:32am
Here is E.U 4hr with the fibo on this last weeks candle. I would wait for a retracement to at least the long pivot line. once a line holds support then that would signal a long to the next target. Or if it reverses then go short once it's in the short zone.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 18 KB
Just Trade It
  • #471
  • Mar 16, 2008 11:43am Mar 16, 2008 11:43am
Same thing happened on G.U weekly. target hit. ended the week with a doji. Now move the weekly fib on the weekly candle and trade which ever direction it goes (short or long levels)
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 19 KB
Just Trade It
  • #472
  • Mar 16, 2008 12:32pm Mar 16, 2008 12:32pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Same thing happened on G.U weekly. target hit. ended the week with a doji. Now move the weekly fib on the weekly candle and trade which ever direction it goes (short or long levels)

nice post on the weekly candles/fib use, my EU fib is the same and i'm looking to add after a bounce of the pivot and take me long again.

unsure on GU but will be waching the weekly pivot
  • #473
  • Mar 17, 2008 10:03am Mar 17, 2008 10:03am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Same thing happened on G.U weekly. target hit. ended the week with a doji. Now move the weekly fib on the weekly candle and trade which ever direction it goes (short or long levels)
I think long, but unsure when to enter --

bounce of the daily 200
bounce of the 4h 100 and TL

so 4h/daily long trend channel still holding??? so will we break through your pivot at 2.0250 or continue down?

nervous of news tomorrow and bank intervention today

still holding longs on EU
  • #474
  • Mar 18, 2008 7:58am Mar 18, 2008 7:58am
Quoting MPP
I think long, but unsure when to enter --

bounce of the daily 200
bounce of the 4h 100 and TL

so 4h/daily long trend channel still holding??? so will we break through your pivot at 2.0250 or continue down?

nervous of news tomorrow and bank intervention today

still holding longs on EU
The pivot is holding for now. I think it will go higher since it has established itself above the 200 on all TF's.
Just Trade It
  • #475
  • Mar 18, 2008 8:33am Mar 18, 2008 8:33am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
The pivot is holding for now. I think it will go higher since it has established itself above the 200 on all TF's.

it was also a great retracement to the daily 100. which if trading of longer TF would have been a great entry point.

watching for a break of the pivot 2.0170
  • #476
  • Mar 18, 2008 9:15am Mar 18, 2008 9:15am
Quoting MPP
it was also a great retracement to the daily 100. which if trading of longer TF would have been a great entry point.

watching for a break of the pivot 2.0170

I believe I did go long at that time, But got out and back in a few times since
Just Trade It
  • #477
  • Mar 18, 2008 9:28am Mar 18, 2008 9:28am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
I believe I did go long at that time, But got out and back in a few times since
so long as there +pips do we really care how we get them in this market.

I didn't buy as i was concentrating on EU kept my long from 1.5300 so far, been in and out on a few other positions, but the MM has stopped me trading other pairs, waiting for my EU long from 1.5750 to lock in some pips and then i'm back on GU.

great month so far, still hard trading it though as we don't know what the banks are up to behind closed doors, still this only leads to better buy options i think.
  • #478
  • Mar 18, 2008 9:40am Mar 18, 2008 9:40am
Quoting MPP
so long as there +pips do we really care how we get them in this market.
No, not really, E.U has been great but all the other pairs have been intraday trading only. Not to many buy and holds out there. I don't trust any trend right now and I probably won't for the rest of the year. I don't even trust E.U anymore as the dollar has to rebound sometime. But as they say " trade the charts stupid"

I'm trading from a bunker until the elections.
Just Trade It
  • #479
  • Mar 18, 2008 9:51am Mar 18, 2008 9:51am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
No, not really, E.U has been great but all the other pairs have been intraday trading only. Not to many buy and holds out there. I don't trust any trend right now and I probably won't for the rest of the year. I don't even trust E.U anymore as the dollar has to rebound sometime. But as they say " trade the charts stupid"

I'm trading from a bunker until the elections.
i'm sure a few more of us will be joining you soon, so you need to expand the space available.

Eu seems to be a good trade at this time as the banks are starting to say FU dollar were not holding you up any more - get your house in order.

the problem with GU is the uk markets are a little out of sink, so the data is not consistant anough to grab it and keep it.

i've been locking in 200pips on EU and then just leaving it there to see where this beast heads.

Only time will tell if i've played it right.

i've still been TP most positions though, gotta bank some pips.
  • #480
  • Mar 18, 2008 9:57am Mar 18, 2008 9:57am
Quoting MPP
i'm sure a few more of us will be joining you soon, so you need to expand the space available.

Eu seems to be a good trade at this time as the banks are starting to say FU dollar were not holding you up any more - get your house in order.

the problem with GU is the uk markets are a little out of sink, so the data is not consistant anough to grab it and keep it.

i've been locking in 200pips on EU and then just leaving it there to see where this beast heads.

Only time will tell if i've played it right.

i've still been TP most positions though, gotta bank some pips.
I'm with you. Holding EU, expecting to hit 1.6 (imvho). Let's see what happens. Been staying away from GJ, too volatile for my blood. Just been following the charts / trends and buying on dips / seliing on rallies.

Let's see what happens. If the equity markets keep on rebounding / turn into a true bull run, the I would hold onto GU long, otherwise, just hit and run.
Humble Lifetime Member
0 traders viewing now