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  • #1,181
  • Mar 27, 2008 1:17pm Mar 27, 2008 1:17pm
Quoting rrram2
Their accounting dept sucks but they credit your card within 48 hours normally and within another 24-48 your CC updates, so thats fast.

But They credit your cards in a screwy way if you use many cards,
you never know what card they are going to credit nor can you direct them to credit card, they do it however they want to but the credit is always the correct amount for me.

They won't let me take profit checks. So I have 0 my account, getting them to credit my credit cards, then they will send me a profit check.
They send checks quickly too. But they will always credit allyour credit cards back for your credit card deposits and once these equal then they will send a check for the profits.
With all of those pips you have rolling in on a daily basis why would you need to be continually funding an account?
Just curious....
  • #1,182
  • Mar 27, 2008 1:18pm Mar 27, 2008 1:18pm
Quoting malcolmb14
I was commenting how it should not have been where it was .... a simple short ..

The YM did the same thing yesterday ,

When you see this candle set up on a spike you know it is a safe short.... see chart below. The candle after the spike candle did not manage to get higher.

Attachment
What Time Frame is that chart?

And BTW I am in the money now by a few pips on those 3 longs
  • #1,183
  • Mar 27, 2008 1:19pm Mar 27, 2008 1:19pm
Quoting rrram2
P.S. I am long with 3 at 199.98 looks like we are back into the uptrend!

Why ???? as long as the price is under its 50 sma on 5 , 10 and 15 only short the rallies = 100% success rate no draw downs.

The trend is your friend....

sure you can play both ways , but the chances of the bottom falling out of it are higher than it breaking out to the upside right now.
Blogging daily now at www.volume.zone
  • #1,184
  • Mar 27, 2008 1:23pm Mar 27, 2008 1:23pm
Quoting malcolmb14
Sellers win ...... the 15 min gave her away.

buyers were bucking the trend.

closed mine for 8000 pips profit....lol. I like this way of working out pips.

Now will wait till under that 199.20 zone. Lots of congestion below , but that does not mean go long.

199.75 is 50% fib retrace
I sold that 3 longs for 9 pips profit or something and got back in long with one lower

The buyer are coming back eh?
  • #1,185
  • Mar 27, 2008 1:26pm Mar 27, 2008 1:26pm
Hello,

I am currently at work and noticed something very interesting on my charts. We are entering a new BULL phase.

From the methods of arcs, mirror images, etc, I can see a longer term target of 207 ish.

Does this mean that it will go up to 207 straight? Absolutely not. It simply means that after meandering up, then retracing, then back up, etc, we shall eventually hit 207. I have not had a chance to calculate targets on a smaller time frame till later this evening, but at 13:23 PST today, the price of 199.93 represents a good value.

Too many people are expecting a drop, but the drop that occured yesterday was a truncated one and that was the end of it.

Yesterday I also said that there was an upmove coming and it did that. Today I am saying that the technicals do not lie. I don't care or want to explain why it's gonna happen. It should happen.

I will be going long soon. The first legitimate target should be the 201.50.

Rememeber the W.D. Gann rule of breaking the trendline after touching it 3 times? The 4th time will do so with a vengeance !!

My 2 c

Al
  • #1,186
  • Mar 27, 2008 1:31pm Mar 27, 2008 1:31pm
[quote=zebra7860;1924766]Hello,

I am currently at work and noticed something very interesting on my charts. We are entering a new BULL phase.

From the methods of arcs, mirror images, etc, I can see a longer term target of 207 ish.

Does this mean that it will go up to 207 straight? Absolutely not. It simply means that after meandering up, then retracing, then back up, etc, we shall eventually hit 207. I have not had a chance to calculate targets on a smaller time frame till later this evening, but at 13:23 PST today, the price of 199.93 represents a good value.

Too many people are expecting a drop, but the drop that occured yesterday was a truncated one and that was the end of it.

Yesterday I also said that there was an upmove coming and it did that. Today I am saying that the technicals do not lie. I don't care or want to explain why it's gonna happen. It should happen.

I will be going long soon. The first legitimate target should be the 201.50.

Rememeber the W.D. Gann rule of breaking the trendline after touching it 3 times? The 4th time will do so with a vengeance !!

My 2 c

Al[/quote




I agree!
  • #1,187
  • Mar 27, 2008 1:38pm Mar 27, 2008 1:38pm
Quoting zebra7860
Hello,

I am currently at work and noticed something very interesting on my charts. We are entering a new BULL phase.

From the methods of arcs, mirror images, etc, I can see a longer term target of 207 ish.

Does this mean that it will go up to 207 straight? Absolutely not. It simply means that after meandering up, then retracing, then back up, etc, we shall eventually hit 207. I have not had a chance to calculate targets on a smaller time frame till later this evening, but at 13:23 PST today, the price of 199.93 represents a good value.

Too many people are expecting a drop, but the drop that occured yesterday was a truncated one and that was the end of it.

Yesterday I also said that there was an upmove coming and it did that. Today I am saying that the technicals do not lie. I don't care or want to explain why it's gonna happen. It should happen.

I will be going long soon. The first legitimate target should be the 201.50.

Rememeber the W.D. Gann rule of breaking the trendline after touching it 3 times? The 4th time will do so with a vengeance !!

My 2 c

Al
The 199.20 area might be a good price to long. I would be full force with it. Now, it seems that it wanna go down to low 199 before heading up again.
Just my observation ..
  • #1,188
  • Mar 27, 2008 1:40pm Mar 27, 2008 1:40pm
Hello All,
Great insights here. Price currently hovering around 200.00 and I've been expecting a drop to the 199.35 area as well. From there I could certainly make the case for the up move. Thanks for sharing! Jpy news coming out in a few hours. Strapping in........

Tom
  • #1,189
  • Mar 27, 2008 1:43pm Mar 27, 2008 1:43pm
Quoting zebra7860
Hello,

I am currently at work and noticed something very interesting on my charts. We are entering a new BULL phase.

From the methods of arcs, mirror images, etc, I can see a longer term target of 207 ish.

Does this mean that it will go up to 207 straight? Absolutely not. It simply means that after meandering up, then retracing, then back up, etc, we shall eventually hit 207. I have not had a chance to calculate targets on a smaller time frame till later this evening, but at 13:23 PST today, the price of 199.93 represents a good value.

Too many people are expecting a drop, but the drop that occured yesterday was a truncated one and that was the end of it.

Yesterday I also said that there was an upmove coming and it did that. Today I am saying that the technicals do not lie. I don't care or want to explain why it's gonna happen. It should happen.

I will be going long soon. The first legitimate target should be the 201.50.

Rememeber the W.D. Gann rule of breaking the trendline after touching it 3 times? The 4th time will do so with a vengeance !!

My 2 c

Al
Al has been spot on with his forecasts.

Both of the charts below point to bullish bias

There is somthing interesting happening , and not really sure which way this will go yet. but as mentioned yesterday there is an uptrend channel that is forming on the 15 min since yesterday , ignore the prices outside of the channel , this is just ' noise'

Attached Image (click to enlarge)
Click to Enlarge Name: Chart32.JPG Size: 154 KB



also on the 4 hour we are in a wedge , with tghe price above the 50 sma , and the 50 sma curving up .

Attached Image (click to enlarge)
Click to Enlarge Name: Chart33.JPG Size: 147 KB
Blogging daily now at www.volume.zone
  • #1,190
  • Mar 27, 2008 1:46pm Mar 27, 2008 1:46pm
The charts I posted before , the 1st one is 5 min

This is only a bull flag , so far we hit 50% fib retracement. I would prefer 61.8% at 199.25 to be hit and then see if there is a good buying oppertunity off that level or not
Blogging daily now at www.volume.zone
  • #1,191
  • Mar 27, 2008 1:46pm Mar 27, 2008 1:46pm
This is why (I want) it should move down
This trade is down 630 pips but it's "only" 20% of my account. You live and learn. At least I don't take huge risks.
Attached Image (click to enlarge)
Click to Enlarge Name: down.gif Size: 36 KB
  • #1,192
  • Edited 2:16pm Mar 27, 2008 1:47pm | Edited 2:16pm
Quoting cotoho
With all of those pips you have rolling in on a daily basis why would you need to be continually funding an account?
Just curious....
I already explained everything in full detail. I even posted my trades for one day.

I lost my ass on a few crashes down but am way up overall over the years.

BUT for the week I am down still 400.

And if you understood my trading methods It would be clear.
But quickly if I get long at 199 and it goes down to 198 now I am down 100 pips and 197 I'd be down 200 pips.

See what is happening here? Sometimes I will get down 5 figures or more on multiple lots and still manage to sell it for a profit a week or more later sometimes.

AND when you are down sometimes 2-5 thousand USD IN UNREALIZED LOSSES, You know what this means right!?! I failed to put in a stop loss order like a fool and I start to run out of $. See when you are down 5KUSD
Unrealized, YOU MUST put in more money as it continues to sink or they will auto margin call you,
AND if you don't put in more $ as it continues to go down then they take all your lots and SELL you out. THEN you have Just realized YOUR losses.
Until then it can go down forever and unless they run me out of time (I DIE) or they run me out of money (very hard to do).

Don't follow me I am an unconventional trader if everyone is doing something
I am convinced I need to do something else. Because I estimate at least 80% or people are continual losers on Forex. I know I used to be a big loser 2.5 years ago. Now I run it like a business however foolishly, and I take big losses sometimes. But generally I trade a few HUNDRED RT trades per WEEK
and take an enormous amount of smaller profits and an occasional large loss.
So it averages out pretty good as large losses rarely come around for me anymore. And these last few weeks with all this Market crashes and 700+ pip move days (against me) in GJ killed me on a few trades.

I have made back all my losses over the years though. And it is rare that I finish a week and I don't have a nice profit. I am only down less than 400 for the week. If I make my goal tomorrow of 400 pips I will have a very small profit for the week.

In this forum I estimate that far less than 80% of the people here loses money on a regular basis. I just subtract my losses from my winnings.

Sometime I put orders in before I go to bed and wake up thousands of $ up.
Othertimes I wake up and am thousands down (unrealized). But Lately
I am trading on a much smaller unit size so it is rare I make more than 300-500 while I sleep. Thats usually when I make the most money. Because my dumb arse isn't sitting here SQRing every deal when it gets to 11-20 pips.

I am by far NOT an expert trader, in fact I am quite green but I have been trading forex long enough that I have learned how to make consistent profits.
Besides Mortgage banking, and rental property I don't have anything that I make more money at than forex. In A ranging week it is nothing for me to have 150+ RT trades a week for 2000 pips. I have weeks were I have traded 150+ RT Trades per week and made a profit on 100% of my trades.

I don't recommend anything I do. I only suggest it to help others open thier minds. When you trade forex often you get to a point where your mind is closed and you get locked in to false notions of how forex really works.
You get tunnel vision on things and cannot sometimes see the forest for the trees. I know I was that way for a while when I first started trading Forex.
  • #1,193
  • Mar 27, 2008 1:51pm Mar 27, 2008 1:51pm
Quoting zebra7860
Hello,

I am currently at work and noticed something very interesting on my charts. We are entering a new BULL phase.

From the methods of arcs, mirror images, etc, I can see a longer term target of 207 ish.

Does this mean that it will go up to 207 straight? Absolutely not. It simply means that after meandering up, then retracing, then back up, etc, we shall eventually hit 207. I have not had a chance to calculate targets on a smaller time frame till later this evening, but at 13:23 PST today, the price of 199.93 represents a good value.

Too many people are expecting a drop, but the drop that occured yesterday was a truncated one and that was the end of it.

Yesterday I also said that there was an upmove coming and it did that. Today I am saying that the technicals do not lie. I don't care or want to explain why it's gonna happen. It should happen.

I will be going long soon. The first legitimate target should be the 201.50.

Rememeber the W.D. Gann rule of breaking the trendline after touching it 3 times? The 4th time will do so with a vengeance !!

My 2 c

Al
Thanks for doing the work Al.
  • #1,194
  • Mar 27, 2008 1:56pm Mar 27, 2008 1:56pm
Looks like its diving again...what kind of price should we expect next?
  • #1,195
  • Mar 27, 2008 1:56pm Mar 27, 2008 1:56pm
Quoting malcolmb14
The charts I posted before , the 1st one is 5 min

This is only a bull flag , so far we hit 50% fib retracement. I would prefer 61.8% at 199.25 to be hit and then see if there is a good buying oppertunity off that level or not
I am Ok with and it fits my plan scaling in all the way down to 199.25
or 199 or 198.50.

In Fact ATM I have had standing orders in for a bit to buy long at 197.98.
Thats only 2 figures, by the time that order gets filled if it does, it probably wont go that low, My average basis will be about 100 pips down from the current price.
  • #1,196
  • Mar 27, 2008 2:02pm Mar 27, 2008 2:02pm
Quoting Küster
Looks like its diving again...what kind of price should we expect next?
It may be good to get in at 199.79 or 199.50 or 199.25 or 199 or even 198.50. I dont think that it will get to 198.50 before it rockets North.
But if it spikes down that low it will run up like mad from there.

Thing is I always hate to miss an strong upmove. SO I like to get in high with one if I have to and then scale more into the trade as it goes down
(AGAIN THIS IS NOT THE WAY TO TRADE).

This way if I only get in with one and it skyrockets at least I got an order in.
(AGAIN THIS IS NOT THE WAY TO TRADE).

I only mention this so folks can try to understand my warped trading concepts.

I am making $ yeah but I am here to learn more so I can become more like M and take my Filet out of the middle and maximize my winnings and minimize my losses. I am not that good of a trader but I make $ and always try to improve and learn new things.

I want to thank everyone here for putting up with my obnoxious verbose arse. AND thansk for all the help!
  • #1,197
  • Mar 27, 2008 2:03pm Mar 27, 2008 2:03pm
The 4h chart has a bearish doji followed by a bearish divergence candle. Stoc is crossing down, but everyone is talking going up. Has fundamentals changed? Or are the technicals sometimes to be disreguarded? I'm new to this forum and to forex and not trying to make fun of anyone's predictions just tring to learn.
  • #1,198
  • Mar 27, 2008 2:06pm Mar 27, 2008 2:06pm
Quoting rrram2
It may be good to get in at 199.79 or 199.50 or 199.25 or 199 or even 198.50. I dont think that it will get to 198.50 before it rockets North.
But if it spikes down that low it will run up like mad from there.

Thing is I always hate to miss an strong upmove. SO I like to get in high with one if I have to and then scale more into the trade as it goes down
(AGAIN THIS IS NOT THE WAY TO TRADE).

This way if I only get in with one and it skyrockets at least I got an order in.
(AGAIN THIS IS NOT THE WAY TO TRADE).

I only mention this so folks can try to understand my warped trading concepts.

I am making $ yeah but I am here to learn more so I can become more like M and take my Filet out of the middle and maximize my winnings and minimize my losses. I am not that good of a trader but I make $ and always try to improve and learn new things.

I want to thank everyone here for putting up with my obnoxious verbose arse. AND thansk for all the help!
But do you think it would be safe to keep my 199.65 short?
  • #1,199
  • Mar 27, 2008 2:17pm Mar 27, 2008 2:17pm
As long as 201.50 holds gbp/jpy will test 198.xx and 196.xx again.
  • #1,200
  • Mar 27, 2008 2:23pm Mar 27, 2008 2:23pm
Quoting griz
The 4h chart has a bearish doji followed by a bearish divergence candle. Stoc is crossing down, but everyone is talking going up. Has fundamentals changed? Or are the technicals sometimes to be disreguarded? I'm new to this forum and to forex and not trying to make fun of anyone's predictions just tring to learn.
As far as I know, and that's why I stay in my very bad short position, is that the trend is down on weekly/monthly, because of fundamentals. But on the shorter terms we can still see higher price. I'm expecting price to break either up or down somewhere at the ellipse I painted here.
Attached Image (click to enlarge)
Click to Enlarge Name: trendlines.gif Size: 72 KB
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