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Diary of a Mad Surfer

  • #601
  • Edited 11:31am Aug 14, 2008 11:30am | Edited 11:31am
Quoting Big Wave Rider
I was watching that, Noticed it on the 365 from some other thread ( I don't use that EMA as it is only useful once every three years) Now being one.

Price broke out of the 15 min tunnel and then retested the 100 before dropping. If I wasn't busy posting my new method I would of caught it.

Don't worry still holding a few dollar longs.
These are extra-ordinary times and they call for extra-ordinary Filters. When this all done and over with, hopefully we'll riding the AU and EU Train for a long time to come. If you ever get the time, see how PA reacts to the 1000 EMA on the lower TF's (1,5,15 min).
Humble Lifetime Member
  • #602
  • Edited 11:36am Aug 14, 2008 11:35am | Edited 11:36am
WTF just happened? I got a sell signal on EJ on the 15 and 30 min, took and realized that someone lit a fire to The ECB's ass. I still a short from last week on EU.
Humble Lifetime Member
  • #603
  • Aug 14, 2008 11:52am Aug 14, 2008 11:52am
An example of the retracement 100 bounce UJ 4hr. right after I shorted it for a 100+ pips the other day due to a monthly trendline resistance. Also my second (short term fib) for my T.P targets.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 21 KB
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  • #604
  • Aug 14, 2008 11:58am Aug 14, 2008 11:58am
Quoting Ash
WTF just happened? I got a sell signal on EJ on the 15 and 30 min, took and realized that someone lit a fire to The ECB's ass. I still a short from last week on EU.
Price is breaking out of the barrel on Au and AJ but that damn pin bar has me skeptical on how far this can go. Could take a scalp for short then monitor it closely.

The squeeze AJ 15 min. Kind of choppy so this will be a risky trade.
Attached Image (click to enlarge)
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  • #605
  • Aug 14, 2008 11:04pm Aug 14, 2008 11:04pm
Quoting Big Wave Rider
HERE IT IS!

SURFING THE BARREL METHOD


*Caution: Reading this document may lead to excessive pips



Let's ride kid............

HOLLA
  • #606
  • Aug 15, 2008 1:44pm Aug 15, 2008 1:44pm
Hang ten, BWR. Now where did I put my surfboard?

Oh, yeah, my son took it 26 years ago!

Cheers
  • #607
  • Aug 16, 2008 12:14am Aug 16, 2008 12:14am
Quoting Big Wave Rider
One interesting T.P method is the Vegas method which is the fib count of the movement itself. Here are the numbers, 55, 89 144, 233, 377. You measure it by counting the pips from the bottom of the movement (or top) and take profit when it has advanced 55 pips from the low and then again when it reaches 89, 144 so on and so on. It all depends on your trading style, the aggressive scalpers will go for the 55 and 89 targets and the day traders will go for the higher numbers. What’s weird is when you measure movements you can see that they stop or consolidate around these numbers.
This is very interesting, just off of today's pound candle, this hit it right on the head...........too tired to backtest....but like the method.

Now, you would go with the trend to gain those most pips and then use smaller lots to scalp against the trend.....correct?????

HOLLA
  • #608
  • Aug 17, 2008 6:02pm Aug 17, 2008 6:02pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
NZD/USD 1h in the zone, not sure yet how to trade this and the weekly pin gives me cause for concern

what the system say on this one, trade the 13x100 short if we cross down as this looks the strongest option, or trade the weekly pin and the break of the 1h 200 long?

still learning this
  • #609
  • Aug 18, 2008 9:22am Aug 18, 2008 9:22am
Quoting Turtle
This is very interesting, just off of today's pound candle, this hit it right on the head...........too tired to backtest....but like the method.

Now, you would go with the trend to gain those most pips and then use smaller lots to scalp against the trend.....correct?????

HOLLA

Your money management is up to you and the time frame you choose. But you are facing a higher risk when you go against the trend. My views on against the trend trading are be quick to take profit. I manage those trades on the 15min charts. But if it is trending then you should use the retracement to add more. Buy on dips, sell on rallies.
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  • #610
  • Aug 18, 2008 9:29am Aug 18, 2008 9:29am
Quoting MPP
NZD/USD 1h in the zone, not sure yet how to trade this and the weekly pin gives me cause for concern

what the system say on this one, trade the 13x100 short if we cross down as this looks the strongest option, or trade the weekly pin and the break of the 1h 200 long?

still learning this
Sorry a little late on this one. As of right now price just hit the 100 on the 4hr. Can be a short play here.
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  • #611
  • Aug 20, 2008 3:11am Aug 20, 2008 3:11am
Quoting Big Wave Rider
Sorry a little late on this one. As of right now price just hit the 100 on the 4hr. Can be a short play here.
That was an easy 60 pips. Its now bouncing off the 4hr one more time so I will watch it to see if a short play comes however there are a few pairs that are now in the barrel on the 1hr for the first time this week. The USDJPY was perfect, contained in the barrel then broke out. Riding that wave right now.
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  • #612
  • Aug 20, 2008 8:37am Aug 20, 2008 8:37am
Quoting Big Wave Rider
The USDJPY was perfect, contained in the barrel then broke out. Riding that wave right now.
Got out with a small profit as EU and cable did a reversal first then UJ followed. Fake outs happen, but most of the time you can get out with a small profit as I did today.
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  • #613
  • Aug 20, 2008 12:45pm Aug 20, 2008 12:45pm
Looks like EUR/JPY & CHF/YEN have been trying to break the 365 EMA support for the past few days. What are your thoughts BWR?
Humble Lifetime Member
  • #614
  • Aug 21, 2008 2:35am Aug 21, 2008 2:35am
Quoting Ash
Looks like EUR/JPY & CHF/YEN have been trying to break the 365 EMA support for the past few days. What are your thoughts BWR?
It seems everything is sitting on major supports, we either go back into the long term trends, or we break through signaling trend reversal. wait and see.
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  • #615
  • Aug 21, 2008 2:45am Aug 21, 2008 2:45am
Quoting Big Wave Rider
It seems everything is sitting on major supports, we either go back into the long term trends, or we break through signaling trend reversal. wait and see.
And with Jackson Hole going on for the rest of week, looks like a BWR'S:

Run Like You Stole It From The Mob System...is in effect!

HOLLA
  • #616
  • Aug 21, 2008 2:51am Aug 21, 2008 2:51am
Quoting Turtle
And with Jackson Hole going on for the rest of week, looks like a BWR'S:

Run Like You Stole It From The Mob System...is in effect!

HOLLA

It sure is 30 pips and GO!

RUN MF'er RUN!!!! I hear 'em behind me.
You ain't getting this shit back MF'er. IT's MINE NOW!!!
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  • #617
  • Aug 21, 2008 2:56am Aug 21, 2008 2:56am
Quoting Big Wave Rider
It sure is 30 pips and GO!

RUN MF'er RUN!!!! I hear 'em behind me.
You ain't getting this shit back MF'er. IT's MINE NOW!!!


HOLLA
  • #618
  • Aug 21, 2008 4:45am Aug 21, 2008 4:45am
Another day of fake outs. I had a feeling this would be a consolidation week.
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  • #619
  • Aug 21, 2008 3:06pm Aug 21, 2008 3:06pm
Quoting Big Wave Rider
Another day of fake outs. I had a feeling this would be a consolidation week.
Well the yen crosses had a fake out but the dollar bears sure didn't.
I don't like watching E.U profits slipping away. DOWN EU DOWN.
Just Trade It
  • #620
  • Aug 25, 2008 3:38pm Aug 25, 2008 3:38pm
E.U finding support on a fib fan on the monthly, This is a daily chart, noticed it last week, sorry but I've been lazy this week.
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