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  • #1,041
  • Jun 8, 2008 1:49pm Jun 8, 2008 1:49pm
Hey Mike great analysis im loving the charts with it ,as they help me understand your line of thinking more.
I notice you changed your picture is that really you and your other half as you are a mighty fine looking couple?
please tell me its your sister,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,042
  • Jun 8, 2008 1:52pm Jun 8, 2008 1:52pm
Quoting Bones
Hey Mike great analysis im loving the charts with it ,as they help me understand your line of thinking more.
I notice you changed your picture is that really you and your other half as you are a mighty fine looking couple?
please tell me its your sister,lol
Hey Tone, how've ya been man? Hope everything is great for you bro! Yep, that's us and nooo it's not my sister lol. Thanks for the compliments too!
I dream, therefore I become.
  • #1,043
  • Jun 8, 2008 2:36pm Jun 8, 2008 2:36pm
Quoting mike w
Hey Tone, how've ya been man? Hope everything is great for you bro! Yep, that's us and nooo it's not my sister lol. Thanks for the compliments too!
Ive been doing great Mike , Im applying J16 style trades as best I can and finding success ,I mean even with charts I only open for an hour, which is great.
Im pleased to see you choose your woman like your trades A1++
All the best to you Mike.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,044
  • Jun 9, 2008 12:16am Jun 9, 2008 12:16am
Just took a dibs trade on the euro after taking a trade based on the hourly a few hours ago to close the gap up. I'm just staying in them now.
I dream, therefore I become.
  • #1,045
  • Jun 9, 2008 12:28am Jun 9, 2008 12:28am
I also just entered a Usd/jpy trade based on dibs. Easy setups for easy money.
I dream, therefore I become.
  • #1,046
  • Jun 9, 2008 2:39pm Jun 9, 2008 2:39pm
Quoting mike w
I also just entered a Usd/jpy trade based on dibs. Easy setups for easy money.
The two dibs trades taken last night ended up in a very small loss although it would have been bigger if I hadn't already had a trade in on the euro. If I would have stuck it out through the morning, I would have made a decent sized profit. Rule- Don't go to sleep before 10 as the moves sometimes happen around 8 or so.
I dream, therefore I become.
  • #1,047
  • Jun 9, 2008 3:36pm Jun 9, 2008 3:36pm
By the look of the daily g/u, it looks like it is playing out perfectly so far. I think we will see the 1.96's tomorrow only to be brought back up from that area. I have buy orders there to hold for a while.
I dream, therefore I become.
  • #1,048
  • Jun 10, 2008 10:22am Jun 10, 2008 10:22am
Last night was a much better night for dibs trading.
I dream, therefore I become.
  • #1,049
  • Jun 10, 2008 11:32am Jun 10, 2008 11:32am
Quoting mike w
By the look of the daily g/u, it looks like it is playing out perfectly so far. I think we will see the 1.96's tomorrow only to be brought back up from that area. I have buy orders there to hold for a while.
Hi Mike,

Did you get in that gu trade? I got in @ 1.9520 with a stop @ 1.9450 first target is 100 pips north, I may let the rest ride. I will also add if price goes to 1.9500...

I hope all is well with you. Talk to you later....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp4.GIF Size: 26 KB
Patience + Discipline - Greed = Success
  • #1,050
  • Jun 10, 2008 2:22pm Jun 10, 2008 2:22pm
Quoting Infinity
Hi Mike,

Did you get in that gu trade? I got in @ 1.9520 with a stop @ 1.9450 first target is 100 pips north, I may let the rest ride. I will also add if price goes to 1.9500...

I hope all is well with you. Talk to you later....
Hey Infinity, how's it goin man? Yeah I got in and added to the position at 1.9545 after the initial trades got triggered. I'm actually surprised that it's come down this far which is great for the entry price! I'm at just about the same stop as you are too, because of that trendline. I'm holding for a good deal more than 100 pips however. My initial targets are in the 2.xx's and I will set this trade to break even when we are back towards the upper 1.96's.

I hope all your trades are goin great and everything's good with you bro!
I dream, therefore I become.
  • #1,051
  • Jun 10, 2008 4:18pm Jun 10, 2008 4:18pm
Hi Mike you going to play the USD-CAD pin ,when its printed tonight ?
Attached Image (click to enlarge)
Click to Enlarge Name: cad ,day.gif Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,052
  • Jun 10, 2008 4:30pm Jun 10, 2008 4:30pm
Quoting Bones
Hi Mike you going to play the USD-CAD pin ,when its printed tonight ?
Most definitely man. The first pin from three days ago started to show us the weakening upmove and now this is defining it. How about you? I think it will play out nicely for a longer term trade.
I dream, therefore I become.
  • #1,053
  • Jun 10, 2008 4:33pm Jun 10, 2008 4:33pm
Oh yes mike im looking to sell the break (all set) or retrace,lol what do you think about the targets?How do you judge targets?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,054
  • Jun 10, 2008 5:40pm Jun 10, 2008 5:40pm
Quoting Bones
Oh yes mike im looking to sell the break (all set) or retrace,lol what do you think about the targets?How do you judge targets?
Just look to the bottom of the daily range for a target to start and see how it reacts there. To me, .9800 is looking solid for a target.
Just scope out where you see price having stalled and reversed- then put a horizontal line there and voila my man!
I dream, therefore I become.
  • #1,055
  • Jun 10, 2008 5:43pm Jun 10, 2008 5:43pm
The eur/jpy breakout of the IB will tell me if I am going to close out my positions or not on it. If it breaks to the upside, I will hold them out.
Gbp/usd positions are at solid buying opps IMO with a small risk involved for the reward issued. Stop loss is at 1.9430.
I dream, therefore I become.
  • #1,056
  • Jun 11, 2008 1:05am Jun 11, 2008 1:05am
The eur/jpy broke to the upside, and right now I'm waiting for an hourly dibs setup to take place on the gbp/usd. I'm thinking it will move to the upside as buying kicks in, but who knows. I'll just trade what it tells me.
I dream, therefore I become.
  • #1,057
  • Jun 11, 2008 4:32am Jun 11, 2008 4:32am
Hi Mike cad trade is on I see and I seem to have a good target on classic H+S set up Ill probably cash one at the 1st yellow line though as planed if we get there ,lol
Attached Image (click to enlarge)
Click to Enlarge Name: cad 1 hour.gif Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,058
  • Jun 11, 2008 10:50am Jun 11, 2008 10:50am
Quoting mike w
Hey Infinity, how's it goin man? Yeah I got in and added to the position at 1.9545 after the initial trades got triggered. I'm actually surprised that it's come down this far which is great for the entry price! I'm at just about the same stop as you are too, because of that trendline. I'm holding for a good deal more than 100 pips however. My initial targets are in the 2.xx's and I will set this trade to break even when we are back towards the upper 1.96's.

I hope all your trades are goin great and everything's good with you bro!
Everything is good so far Mike. That gu trade is going really well... I opened another position at 9500 and closed both of them at 9615. I then reopened a position at 9580 and closed at 9650... Basically scalping now because of that bad news last night. These market conditions lately have made me very conservative with my trading as things are changing quickly. Anyway....Good luck to you my friend....
Patience + Discipline - Greed = Success
  • #1,059
  • Jun 11, 2008 10:51am Jun 11, 2008 10:51am
Quoting Bones
Hi Mike cad trade is on I see and I seem to have a good target on classic H+S set up Ill probably cash one at the 1st yellow line though as planed if we get there ,lol
Good stuff bro! It's looking like a good trade to me man!

On another note, all the other trades are going good too and I plan to add to my longer term eur/jpy here if the 4 hour closes bullish. Other than that, my euro, gbp/usd, usd/chf, and usd/cad trades are all going great! Most of their targets are yet undiclosed other than the usd/cad which I have targets at 1.000 for.
I dream, therefore I become.
  • #1,060
  • Edited 12:35pm Jun 11, 2008 11:00am | Edited 12:35pm
I'm adding to my long eur/jpy position now on the close of the 4 hour. The daily IB broke out to the upside as well so I'm looking to see that play out nicely.
I dream, therefore I become.
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