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Live Trading analysis

  • #61
  • Mar 20, 2008 6:02pm Mar 20, 2008 6:02pm
Quoting hansel
Thanks for sharing your method. Are you planning to post the trades you take?

Thats one of the purposes of this thread...when ever i see a trade myself i will be posting it...just help me keep this thread alive...also i will be possing my though on any currency is asked...

I will give a solid analysis a leas once a night...on a currency...but if i get a request i will do it two...
  • #62
  • Mar 20, 2008 6:04pm Mar 20, 2008 6:04pm
Quoting ramli56
Hi Friend how to read your chat, I m new

Every time i see something setting up...or i place a chart up i will be placing a detailed info of what iam looking at...
  • #63
  • Mar 20, 2008 7:16pm Mar 20, 2008 7:16pm
Quoting android
Great thread. Thanks for sharing. You have a lot of energy my friend. Appreciated.

What's your analysis of EURGBP. Wondering if it has topped and ready for a long term swing trade down.

Elsewhere you offered to post your methods. I for one would like to see it.

Regards...


On the fallowing post i will show my setup for the eur/gbp...and after that i will post what i see...

Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 23 KB
  • #64
  • Edited 7:28pm Mar 20, 2008 7:17pm | Edited 7:28pm
Well what iam speculating from the market is the fallowing...remember every trader can look at a market in a 100 million ways its all about placing your odds together. And understanding your own strategy ,In my case is to understand the story behiind my Fibb. Well i will now explain what isee in the chart above...


First the sentiment of the market if bearish since we have cross the envolpe going south...
What this mean is the bears have a point.

But what iam also speculating is that the market is bouncing of the 38.2 fib from the overall trend (Blue Fibb)
and you also have a convergence of a 50 percent fibb...This =Bullish...

You can operate this by waiting for price to leave to range and set tone...Or seeks small swings..what i do...like what seems more probable to me is if prices bounce up and meets up with 38.2 fibb...by then i would have taken my profits out and wont care to see what happens...easy pips...
  • #65
  • Mar 20, 2008 7:33pm Mar 20, 2008 7:33pm
That trade is the fallowing....


Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 30 KB



If prices bounces on one of those white fibss...i would take it to the 132.8 fib since it perfectly maches with the resistance....(yellow fibb)

remeber i play both ways it all depends on what sets up...i will go in more detail latr on...


Any question let me know.
  • #66
  • Edited 9:12pm Mar 20, 2008 7:34pm | Edited 9:12pm
This is a very small trade but this is more of how i see the market as of right now....
  • #67
  • Mar 20, 2008 9:14pm Mar 20, 2008 9:14pm
Iam back so let the request for currency begin....
  • #68
  • Mar 21, 2008 12:49am Mar 21, 2008 12:49am
Can you suggest and entry level to go short on the eur/gbp pair, or what is the most suitable trade for the last day of the week. Thanks
  • #69
  • Mar 21, 2008 1:27am Mar 21, 2008 1:27am
Whats your opinion on G/J today?
  • #70
  • Mar 21, 2008 2:02am Mar 21, 2008 2:02am
Quoting jets211990
That trade is the fallowing....


Attachment


If prices bounces on one of those white fibss...i would take it to the 132.8 fib since it perfectly maches with the resistance....(yellow fibb)

remeber i play both ways it all depends on what sets up...i will go in more detail latr on...


Any question let me know.

Damm i missed the trade for going clubbing...the price started to up like i said...
  • #71
  • Mar 21, 2008 2:04am Mar 21, 2008 2:04am
I will llok at the market and see if i see a trade.
  • #72
  • Mar 21, 2008 2:09am Mar 21, 2008 2:09am
Trade setup

GBP/USD
  • #73
  • Mar 21, 2008 2:10am Mar 21, 2008 2:10am
Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 37 KB


On the next post i wil explain the rules on how i would enter the market...
  • #74
  • Mar 21, 2008 2:13am Mar 21, 2008 2:13am
Better graph...


had forgoten one fib ....on past chart....


Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 19 KB
  • #75
  • Mar 21, 2008 2:13am Mar 21, 2008 2:13am
What we are looking at on the above chart is that price is finding support at the 38.2 fib...blue one...but fighting counter fibb 61.8...White fibb

If you get a close of a candle aboce with fibb you could enter the trade to the high of the swing...

That is fallowing the rule book...But i would not take that trade for the fallowing reasons....
to littel fibbs...and price does not have to come and try fib 38.2 (green One)

Scenerio two would be to take the trade short if price closes below orage fibb....By the rule book....
But i would not take it since the blue fibb represents major resistance....

The trade i would take would be if price closes below the 61.8 of the blue fibb...= load of pips

if that happens i would be placing my limit at the lowest low...or at 38.2 fib below...

If you have any questions let me know...
  • #76
  • Mar 21, 2008 2:21am Mar 21, 2008 2:21am
The blue fibb was throw wrong its suppossed to be from the lowest low...

Also price does not look so good to enter long since river is so close...

Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 25 KB
  • #77
  • Mar 21, 2008 2:25am Mar 21, 2008 2:25am
If you have any question please let me know...By the way tomorrow i will show my strategy very detailed so dont miss out...i will be here to answer any questions...also i have no problem doing some tutoring for free just let me know in a pm...
  • #78
  • Mar 21, 2008 2:33am Mar 21, 2008 2:33am
Overall i see gbp/usd coming short.....

Targt one 9743 area look for price action

more agressive target 9719
Verry agressive 9677 price will most like make couple of swings on the way there...

i would place limits at one of the fist two targets....

and last target is 9642

keep in mind what i said above...
  • #79
  • Mar 21, 2008 3:04am Mar 21, 2008 3:04am
The blue fibb was throw wrong its suppossed to be from the lowest low...

Also price does not look so good to enter long since river is so close...

___________________________________________________________

Based on the above statement, why do you recommend short, dont quite understand that. pls explain. thx
  • #80
  • Mar 21, 2008 2:42pm Mar 21, 2008 2:42pm
Quoting sharon_gpl
The blue fibb was throw wrong its suppossed to be from the lowest low...

Also price does not look so good to enter long since river is so close...

___________________________________________________________

Based on the above statement, why do you recommend short, dont quite understand that. pls explain. thx
\



The reason i recommend short is for the reason that the markets overall trend is short....

Remeber counter fibbs are only used in my strategy when going from B to C
....Here we are in fact going from B to C but the problem is price has reash an area that price can move from C to D...what this means is that trying to breack the grren fibbs is like trying to breack a rook....

For example....when a price hits a d extension in a short trend....Like 161.8
sellers ussually exit their positions...That why price stop there....

When that happens buyesr will come and attempt to bring it back up....
And it happens since most sellers only come back in once a fib gets hit again such as 38.2,50,61.8
once that happens the buyers back off and swap postions.

And traders from the trend will try to continue the trend....THATS MOST TRADERS lol..

Let me know if that answer the question....
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