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  • #901
  • Jul 9, 2008 12:06am Jul 9, 2008 12:06am
Quoting scyang
Lol, you do need to explain when you think it's going to get to 1.6300 for us to short it.
I think its going to get there when price goes up from where it is now.

Let me see, 12 days, 3 hours, 12 minutes, 45 seconds, 3.4645489 nanoseconds (approximately).
  • #902
  • Jul 9, 2008 1:16am Jul 9, 2008 1:16am
Quote
I think its going to get there when price goes up from where it is now.

Let me see, 12 days, 3 hours, 12 minutes, 45 seconds, 3.4645489 nanoseconds (approximately).
  • #903
  • Jul 9, 2008 1:35am Jul 9, 2008 1:35am
Hi,

At the mo the only trade triggered from this morning was the Eur/chf. Closed this one for a bit of a scalp. Sometimes i feel that that i close these trades too early and managing the trade is always the most difficult part for me
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  • #904
  • Jul 9, 2008 1:37am Jul 9, 2008 1:37am
Quoting BillyRayValentine
Short EUR/USD 1.6300 area.

I hope I dont need to explain this one.
  • #905
  • Jul 9, 2008 1:40am Jul 9, 2008 1:40am
Quoting Siam
Hi,

At the mo the only trade triggered from this morning was the Eur/chf. Closed this one for a bit of a scalp. Sometimes i feel that that i close these trades too early and managing the trade is always the most difficult part for me
Still not bad and good play. This is what I do all day long for my intraday stuff.
  • #906
  • Jul 9, 2008 1:56am Jul 9, 2008 1:56am
Quoting BillyRayValentine
I think its going to get there when price goes up from where it is now.

Let me see, 12 days, 3 hours, 12 minutes, 45 seconds, 3.4645489 nanoseconds (approximately).
OK in that case, everybody should jump in for the northbound train first.
Expected the unexpected
  • #907
  • Edited 2:28am Jul 9, 2008 2:04am | Edited 2:28am
Quoting BillyRayValentine
Still not bad and good play. This is what I do all day long for my intraday stuff.
When you do that with your intraday stuff, are you looking for small counter trend bounces? Or, are you looking to stay with the current direction, but waiting for price to pull back to a level that was recently used as a S/R, but in the opposite direction?

Hope that was somewhat clear...

EDIT: What I should have said was: If in a an uptrend, would you look for a level that was very recently cleared as an obstacle of resistance, and wait for the price to pull back to that level and buy as a support level.
  • #908
  • Jul 9, 2008 2:33am Jul 9, 2008 2:33am
Quoting BillyRayValentine
Long NZD/USD .7400 area

Box a 10 pip range around it so, but it should hit .7400 on the head before coming back up. There should be a lot of buy orders there.
Hi BRV,

I was looking at the NZD chart and trying to figure out why you drew your support line at 7400? It appears to me there are alot more touches around the 7470 area. So that would make my range about 70 pips. I notice that most of your ranges are typically smaller, say 10-30 pips or so. I would like to avoid getting in too soon and having a 60-70 pip drawdown. Can you comment a bit more on how you determine your ranges?
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  • #909
  • Jul 9, 2008 2:34am Jul 9, 2008 2:34am
hi, I'm slowly but surely digesting your thread BillyRay

in your most recent trade, you took the AUD/USD long at 0.9501. was that a mistake since you advised entering the a/u at .9401 or did you plan on taking both levels? I see that .9501 is a 50% fibonnaci level.

also, are the trades that you post inside of the thread as well as on page 1 of your thread all valid entries?

would it be advisable to set automatic entries at strong s/r points so someone doesn't miss a trade (while also using good money management rules after the entry)?

sorry for all the questions, trying to learn as much as I can right now
  • #910
  • Jul 9, 2008 2:52am Jul 9, 2008 2:52am
Quoting finswin56
When you do that with your intraday stuff, are you looking for small counter trend bounces? Or, are you looking to stay with the current direction, but waiting for price to pull back to a level that was recently used as a S/R, but in the opposite direction?

Hope that was somewhat clear...

EDIT: What I should have said was: If in a an uptrend, would you look for a level that was very recently cleared as an obstacle of resistance, and wait for the price to pull back to that level and buy as a support level.
yes, here's an example:
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  • #911
  • Jul 9, 2008 2:55am Jul 9, 2008 2:55am
Quoting ozziedave
Hi BRV,

I was looking at the NZD chart and trying to figure out why you drew your support line at 7400? It appears to me there are alot more touches around the 7470 area. So that would make my range about 70 pips. I notice that most of your ranges are typically smaller, say 10-30 pips or so. I would like to avoid getting in too soon and having a 60-70 pip drawdown. Can you comment a bit more on how you determine your ranges?
Hi ozziedave -

because .7450 area was just recently used around June 13 or so, we're looking for the next big thing. Playing a bounce off of that could work for a little bit, but probability is much higher going long at the bottom of the range (.7400) that started way back in September or so.

As far as the range is concerned, for this particular trade its about 10 pips above and below. If you look at the last time price touched it you might be able to see what I mean.
  • #912
  • Jul 9, 2008 2:56am Jul 9, 2008 2:56am
Quoting BillyRayValentine
yes, here's an example:
Awesome, thanks!
  • #913
  • Jul 9, 2008 3:11am Jul 9, 2008 3:11am
Quoting rogerdoger
hi, I'm slowly but surely digesting your thread BillyRay

in your most recent trade, you took the AUD/USD long at 0.9501. was that a mistake since you advised entering the a/u at .9401 or did you plan on taking both levels? I see that .9501 is a 50% fibonnaci level.

also, are the trades that you post inside of the thread as well as on page 1 of your thread all valid entries?

would it be advisable to set automatic entries at strong s/r points so someone doesn't miss a trade (while also using good money management rules after the entry)?

sorry for all the questions, trying to learn as much as I can right now
in your most recent trade, you took the AUD/USD long at 0.9501. was that a mistake since you advised entering the a/u at .9401 or did you plan on taking both levels? I see that .9501 is a 50% fibonnaci level. - oh no....2 separate posted trades....flip back through the thread or look at the reply on the 1st one that went for about 45 pips and you will see..

also, are the trades that you post inside of the thread as well as on page 1 of your thread all valid entries? - yep, every single one that hit that has its separate post ex any intraday talk - nothing left out

would it be advisable to set automatic entries at strong s/r points so someone doesn't miss a trade (while also using good money management rules after the entry)? - I do so that I don't forget about them, but when the time comes where price is approaching them I monitor the overall market and make sure I'm making a wise decision. Market conditions change all the time. For instance, we had 2 big runs on eur due to 2 speeches a couple weeks back. Had I had countertrend orders set up during that time I would have been annihilated.

sorry for all the questions, trying to learn as much as I can right now - thats okay - point of the thread is to teach
  • #914
  • Jul 9, 2008 3:13am Jul 9, 2008 3:13am
Quoting BillyRayValentine
in your most recent trade, you took the AUD/USD long at 0.9501. was that a mistake since you advised entering the a/u at .9401 or did you plan on taking both levels? I see that .9501 is a 50% fibonnaci level. - oh no....2 separate posted trades....flip back through the thread or look at the reply on the 1st one that went for about 45 pips and you will see..

also, are the trades that you post inside of the thread as well as on page 1 of your thread all valid entries? - yep, every single one that has its separate post ex any intraday talk - nothing left out

would it be advisable to set automatic entries at strong s/r points so someone doesn't miss a trade (while also using good money management rules after the entry)? - I do so that I don't forget about them, but when the time comes where price is approaching them I monitor the overall market and make sure I'm making a wise decision. Market conditions change all the time. For instance, we had 2 big runs on eur due to 2 speeches a couple weeks back. Had I had countertrend orders set up during that time I would have been annihilated.

sorry for all the questions, trying to learn as much as I can right now - thats okay - point of the thread is to teach
Thanks for your reply!
  • #915
  • Jul 9, 2008 3:25am Jul 9, 2008 3:25am
Quoting BillyRayValentine
yes, here's an example:
and here's what I did....first touch, 0 pip drawdown, this is a typical intraday trade.
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  • #916
  • Jul 9, 2008 3:33am Jul 9, 2008 3:33am
Quoting BillyRayValentine
Short EUR/USD 1.6300 area.

I hope I dont need to explain this one.
Someone just pointed out to me this typo....supposed to be 1.6000....I changed it
  • #917
  • Jul 9, 2008 3:51am Jul 9, 2008 3:51am
hello wat a week ahead, i got some info i would liketo post that might be useful but i would love you to go through it first, bcos of a lot of newbies lets dont give information without proofing, i got it online and find it very useful, can u pls send me your email address so that i can send it to you. tanx
  • #918
  • Jul 9, 2008 3:52am Jul 9, 2008 3:52am
Quoting BillyRayValentine
and here's what I did....first touch, 0 pip drawdown, this is a typical intraday trade.
the red line is my stop loss by the way, in case you were wondering.
  • #919
  • Jul 9, 2008 3:58am Jul 9, 2008 3:58am
Quoting BillyRayValentine
and here's what I did....first touch, 0 pip drawdown, this is a typical intraday trade.
and here's what happened: closed most of the position for a handful of pips, stopped out on the rest. Typical countertrend trade.
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  • #920
  • Jul 9, 2008 3:59am Jul 9, 2008 3:59am
Quoting pastork
hello wat a week ahead, i got some info i would liketo post that might be useful but i would love you to go through it first, bcos of a lot of newbies lets dont give information without proofing, i got it online and find it very useful, can u pls send me your email address so that i can send it to you. tanx
It says you cant receive PM's....please update your settings if you can and send a PM to let me know its okay. thanks,
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