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the key to the mint

  • #3,341
  • Mar 28, 2008 4:49am Mar 28, 2008 4:49am
Quoting ozziedave
Hi Bob..

No worries here mate. I'm just trying to understand your questions so I can answer them in a way that makes sense to every one. Harold, just made my point about waiting for a close or getting in with a break of the candle. He perfers to get in as the hi or low point is broken by the current candle. Now if you talk to 5 other people they may tell you something different..lol. I actually do both depending on what I am seeing with price action and momentum.
Getting in also when useing the candle that breaks the Hi and Low is good too
because, it sometimes goes through fast and you get more pips if its a long
candle run.

Thanks
My Email For Help: [email protected]
  • #3,342
  • Mar 28, 2008 10:19am Mar 28, 2008 10:19am
Hope everyone tasted some pips today. Though it looks like not a perfect setup, all the yen crosses are in fall, the entry based on 123 gives me 107 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 107.gif Size: 22 KB
  • #3,343
  • Mar 28, 2008 3:43pm Mar 28, 2008 3:43pm
Can someone direct me to the chat room?
-Cheers
  • #3,344
  • Mar 28, 2008 9:18pm Mar 28, 2008 9:18pm
Quoting freed14
Can someone direct me to the chat room?
-Cheers
You need to download it at tradingrooms.com and sign up

Then just log in and go to community rooms - Keyto the mint
Time hides Nothing
  • #3,345
  • Mar 29, 2008 12:16pm Mar 29, 2008 12:16pm
Quoting CindyXXXX
You need to download it at tradingrooms.com and sign up

Then just log in and go to community rooms - Keyto the mint
Harold, maybe you can add the chat room info into the first post for the all the newcomers.
  • #3,346
  • Mar 29, 2008 4:48pm Mar 29, 2008 4:48pm
Thanks Cindy. I just wasnt sure where the room was. I have trading rooms so I will see you guys in there sometime

Quoting CindyXXXX
You need to download it at tradingrooms.com and sign up

Then just log in and go to community rooms - Keyto the mint
  • #3,347
  • Mar 29, 2008 5:16pm Mar 29, 2008 5:16pm
have a good weekend
  • #3,348
  • Mar 29, 2008 5:40pm Mar 29, 2008 5:40pm
you 2, harold.
Hej.
  • #3,349
  • Mar 30, 2008 8:16pm Mar 30, 2008 8:16pm
Quoting seamonkey
Harold, maybe you can add the chat room info into the first post for the all the newcomers.
Bad idea IMO

IF they go straight to the chat room they wont bother reading any of the thread and then they will be asking questions in the room that they could of should of would of found here...
Time hides Nothing
  • #3,350
  • Mar 30, 2008 8:56pm Mar 30, 2008 8:56pm
Quoting CindyXXXX
Bad idea IMO

IF they go straight to the chat room they wont bother reading any of the thread and then they will be asking questions in the room that they could of should of would of found here...
I agree with you. A few post back I suggested that every one should read the entire thread first before they ask a multitude of questions. You will find if you read the thread most if not all of your questions have been answered. Also, I put together a short trading manual that outlines the basic method and how to use the 123 set ups. That's posted a few pages back. If you do come to the Trading Room I would suggest that you may want to just listen for a few days to get an understanding of what is being taught in the room before you ask alot of questions. Please realise that every one who is giving their time here to answer questions is also trying to trade their own account. It's difficult for one person to answer all of the questions without getting burnt out so that's why many of us on this forum are trying to help Harold out. All I ask is that every one who is interested in this metholodgy do your part by reading the thread first.
  • #3,351
  • Mar 30, 2008 9:29pm Mar 30, 2008 9:29pm
Good points Mr C & Dave...I didn't even think about that. I agree totally.
  • #3,352
  • Edited 10:20pm Mar 30, 2008 9:34pm | Edited 10:20pm
Well said Dave but I don't think it's necesary to read the whole thread 224 pages is quite a bit - but at least start from page 201 I think it is where the new method is explained and developed...

Thats only 23 pages and really not a big ask

Mr C
Time hides Nothing
  • #3,353
  • Mar 31, 2008 4:15am Mar 31, 2008 4:15am
Yes, I would agree with only needing to read the pages that contain the new 15 minute methodology.
  • #3,354
  • Mar 31, 2008 6:57am Mar 31, 2008 6:57am
Here's my trade for today. As you can see the GBP has a 1=H, 2=L, 3=LH. From point 1-2 comes down and breaks a support line (green line). Price comes back up and tests the support at point 3. Now the support line has become a resistance line. We get a bearish candle that breaks my 38% short fib to the downside. When I see this kind of price action I get in on the break of the 38% fib. Entered @ 1.9876 and exited at 1.9817 for 59 pips. The more conservative entry would have been @ 1.9843 at the break of point 2.
Attached Image (click to enlarge)
Click to Enlarge Name: 310308 gbp short t19.gif Size: 28 KB
  • #3,355
  • Mar 31, 2008 7:35am Mar 31, 2008 7:35am
hi folks when getting into trades its very important that we determine trend from daily chart. if when looking at a pair and you are not sure whether to go long or short causes things might be tight forget that pair and look ar another never go into a trade with a doubt. the old saying when in doubt stay out. also if you happen to miss a move and price goes way past the entry level never chase market look for another pair or just stay out. we have 5 days to trade 4 pairs if you pick 2 - 4 good setups 100 - 200 should not be a problem i got into a trade last night on the gbpjpy it was the only pair i felt comfortable with the daily got out a little early and my target would have been hit heres a chart of daily then the 15 min trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.GIF Size: 44 KB
Click to Enlarge Name: 2.GIF Size: 41 KB
  • #3,356
  • Mar 31, 2008 7:40am Mar 31, 2008 7:40am
Quoting harold4x
hi folks when getting into trades its very important that we determine trend from daily chart. if when looking at a pair and you are not sure whether to go long or short causes things might be tight forget that pair and look ar another never go into a trade with a doubt. the old saying when in doubt stay out. also if you happen to miss a move and price goes way past the entry level never chase market look for another pair or just stay out. we have 5 days to trade 4 pairs if you pick 2 - 4 good setups 100 - 200 should not be a problem i got into a trade last night on the gbpjpy it was the only pair i felt comfortable with the daily got out a little early and my target would have been hit heres a chart of daily then the 15 min trade
i notice it harold. thanks!
{Link Removed}
  • #3,357
  • Mar 31, 2008 8:32am Mar 31, 2008 8:32am
MrC, Dave, et al; I agree that all newcomers should read the entire thread, but I don't think it will stop the silly questions. I know I've been here since the beginning and I sometimes ask questions I know harold has answered before, but you know what, he has great patience. The only time I believe he got a little "miffed" was early on when people were constantly asking him which pairs he traded, but true to his nature he didn't quit answering. I have a great memory-it's just short; and I forget what I may have read 2 or 3 months ago and I may have to ask silly questions. I hope the people with the "bear-trap" minds will forgive me. I don't mean to be blunt but, if you don't like the questions, just ignore them. Nothing says you have to answer them. This is just my little rant, hope I haven't offended anyone. Now, what the heck were we talking about? Bob
Hej.
  • #3,358
  • Mar 31, 2008 11:00am Mar 31, 2008 11:00am
Stich dont get me wrong we don't want people to be scared to ask questions cause thats how we learn right?

But if you don't even make an attempt to read the thread before hand I think this is just lazy to be honest...

If you read the thread and still aren't sure about something - Go for it! Ask all the questions you want - I for one am only happy to help when I can... And I know the more experienced traders are too.

The point I was making was simply that if people are directed to the trading room from the first page it's just not the best way for them to learn, or for us to teach them.

Most if not all the answers to your questions are right here and if your still not sure - Feel free to ask... Thats all we're saying

I've had to ask my fair share of questions myself!
Time hides Nothing
  • #3,359
  • Mar 31, 2008 1:19pm Mar 31, 2008 1:19pm
Got up today and noticed that my USD/JPY and GBP/JPY trades had both hit targets. Good stuff!
  • #3,360
  • Mar 31, 2008 2:16pm Mar 31, 2008 2:16pm
I know what you mean, I've been trying to help people when I can. Just tring to do my part. Bob
Hej.
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