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Extraordinary trading style by 5ysfx

  • #461
  • Sep 30, 2008 10:06pm Sep 30, 2008 10:06pm
Bids on EJ are moving up. Looks like solid buyers at the 149. This is a good sign.
Eventually, sometime tonite, the market will want to establish a number that's strong enough
to hold as a "bottom" for the range so it can get along with it's business of playing the 150.
I hope it's 149.00 so this gets a little easier.

I have alot of confidence in you, my friend.
  • #462
  • Edited 10:49pm Sep 30, 2008 10:10pm | Edited 10:49pm
Quoting toshi
I'm looking at a bank feed. The offer is now 14940 and more at 14960.
Not too big though.


Update: it ate the 4940 with good buying interest


New count and targets
Theres no wave 1 yet

but mine 1st target will be yellow doted line.
Attached Image (click to enlarge)
Click to Enlarge Name: eju.png Size: 51 KB
  • #463
  • Sep 30, 2008 10:25pm Sep 30, 2008 10:25pm
Quoting 5ysfx
if wave from 14856 to 15060 is wave 1 (it does look like) then
1st target 15150
2nd target 15550
I think you're looking in the right direction
As soon as 4960 pops decisively and cleans out those offers, I'm moving my stop up.
Should be a smooth ride back over 150. Just remember, they're playing with it tonite.
That 150 is real important to alot of ppl and they'll screw with it until you and I can't stand it.
So let's be patient. This will make money. I know you think so too.
  • #464
  • Sep 30, 2008 11:24pm Sep 30, 2008 11:24pm
I'll be protecting profits on any pullback, but I'm still with you man.
And of course we all know, don't try this a home. it's forex, it's dangerous.

Another thing just occured to me. Today is triple roll-over Wednesday for the retail forex.
They'll be playing with this thing all day !!

Either way, just watch this action near the 150. Everybody's trading an opinion around this level.
Times like these everybody's right AND everybody's wrong for a while untill the buyers get a hold of it
and run away with it. I think your method is good for another 94% this month too! Make that money 5ysfx!
  • #465
  • Sep 30, 2008 11:44pm Sep 30, 2008 11:44pm
BTW: Your longer term count(s) from this weekend still look excellent.

http://www.forexfactory.com/attachme...6&d=1222503083

The month just began a few hours ago and already it's looking like Halloween !
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_month.JPG Size: 84 KB
  • #466
  • Sep 30, 2008 11:44pm Sep 30, 2008 11:44pm
Quoting toshi
I'll be protecting profits on any pullback, but I'm still with you man.
And of course we all know, don't try this a home. it's forex, it's dangerous.

Another thing just occured to me. Today is triple roll-over Wednesday for the retail forex.
They'll be playing with this thing all day !!

Either way, just watch this action near the 150. Everybody's trading an opinion around this level.
Times like these everybody's right AND everybody's wrong for a while untill the buyers get a hold of it
and run away with it. I think your method is good for another 94% this month too! Make that money 5ysfx!
I will try if i am right on this then... u know what
At least i got positive interest this time


BTW i bought audjpy on my low leverage subaccount for interest purpose
but this is not important for journal i have many others trades. This is FYI only .
  • #467
  • Sep 30, 2008 11:58pm Sep 30, 2008 11:58pm
Quoting 5ysfx
BTW i bought audjpy on my low leverage subaccount for interest purpose
but this is not important for journal i have many others trades. This is FYI only .
You know what ? This one is the same way. They'll be jacking with this thing all day untill
either 8500 prints or support comes in @ 8300.

I want to buy some too, but I'm going to take it in small pieces incase the players attempt
to create some type of devil's triangle down here. Where are the K-maps showing support ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aj2.JPG Size: 56 KB
  • #468
  • Oct 1, 2008 12:09am Oct 1, 2008 12:09am
Quoting toshi
You know what ? This one is the same way. They'll be jacking with this thing all day untill
either 8500 prints or support comes in @ 8300.

I want to buy some too, but I'm going to take it in small pieces incase the players attempt
to create some type of devil's triangle down here. Where are the K-maps showing support ?
Serenity, happiness and everything

aj timewindow border around 83 figure
Attached Image(s) (click to enlarge)
Click to Enlarge Name: yen.png Size: 8 KB
Click to Enlarge Name: aj.png Size: 47 KB
  • #469
  • Oct 1, 2008 12:59am Oct 1, 2008 12:59am
Quite different situation here than on other yen crosses
cadjpy still well supported
900 pips range play atm (green borders)
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot3.png Size: 49 KB
  • #470
  • Edited 4:53am Oct 1, 2008 1:27am | Edited 4:53am
Below is my current running trades

------------------------------------------------------------------------------


Longterm plan

USD/CAD long 10355 SP .Target above 1.20
USD/PLN long avg 2.26 (2.28, 2.24) Target above 3.1.

Medterm plan

USD/JPY long avg 10440 SP, (10540,10440 10360) Target around 113.

Nearterm plan

EUR/AUD short 17530 SP, 17600 SP. 17690 SP. 17780MP,17850 SP 17990 SP 17760 MP 17720 SLP
CABLE long 17805 MP, 17820 SLP ,17772 SLP
FIBER long at 14065 SLP , 14433 SP, 14450 MP = mistake but im patient
EUR/JPY long 15243 SP, 15255 MP,15205 MP, 15183 MP, 15130 MP, 15070 MP, 14980 SLP, 14960 SLP, 15004 LP ,15000 SLP, 14983 SLP, 14953 SLP, 14907SLP
GBP/JPY long 19010 SSP .188 SP 18915 SLP 18870 SLP
KIWI long 06695 MP




-----------------------------------------------------------------------------------------------------
MM explanation.


SP - small position = 100pips of P/L = 0.2%
SSP - semi small position = 50 pips of P/L = 0.5%
MP - medium position = 35pips of P/L =1%
SLP - semi large position = 15 pips of P/L = 1%
LP - large position = 10 pips of P/L = 1%
VLP - very large position = 5 pips of P/L =1%
EP - extreme position = lower than 5 pips of P/L = 1%

Important note about MM
when i write about P/L percentage i mean non-cumulative account ballance

for example

100% = 1000$
i won 10% so i got 1100$ next i lost 10% so i got 1000$ not 990$
All my profit is transfering immediately to low leverage "carry" subaccount" and i save money there and wait for oportunity to go long on yen crosses for month or so
I dont use cumulative method because this is best and fast way to lose all my money.
  • #471
  • Oct 1, 2008 1:31am Oct 1, 2008 1:31am
5ysfx,

I'm looking to lock-in profits on EJ so the trade wont cost anything.

These negative swap rates just published tonite from some brokers are gonna
drive people to do things they might not ordinarily do.
I'll likely take some off between 15050 and 15100 then keep playing with market profits,
and I'll try to buy some more as we bounce up & down & around in here.
  • #472
  • Oct 1, 2008 1:33am Oct 1, 2008 1:33am
Quoting toshi
5ysfx,

I'm looking lock-in profits on EJ so the trade wont cost anything.

These negative swap rates just published tonite from some brokers are gonna
drive people to do things they might not ordinarily do.
I'll likely take some off between 15050 and 15100 then keep playing with market profits,
and I'll try to buy some more as we bounce up & down & around in here.
high rate currencies up
carry trades back on track i suppose
  • #473
  • Oct 1, 2008 1:44am Oct 1, 2008 1:44am
Quoting 5ysfx
high rate currencies up
carry trades back on track i suppose

That's what I'm talking about. I don't know what Oanda is doing, but some of the other retail FX brokers
are quoting negative swaps on carry trades today AND it's ofcourse X3 for Wednesday.
I'm wondering how this "fundamental" will figure into the yen crosses for today ?
Not all the brokers are doing this. So far FXCM and IBFX have published their list.
  • #474
  • Oct 1, 2008 2:49am Oct 1, 2008 2:49am
Quoting toshi
I'm looking at a bank feed. The offer is now 14940 and more at 14960.
Not too big though.


Update: it ate the 4940 with good buying interest

what feed are you using?
  • #475
  • Oct 1, 2008 2:51am Oct 1, 2008 2:51am
Soon i will bring new improvements to k-map
timing

According to my model at least 14 hour of uptrend just started and its line up with London and NY from open to close
  • #476
  • Oct 1, 2008 3:54am Oct 1, 2008 3:54am
bought ej LP at 15017 target 15080
  • #477
  • Oct 1, 2008 3:17pm Oct 1, 2008 3:17pm
I took my lesson 3 weeks ago when i have dumped my aj longs with loss and next days shoot up 700 pips.

http://www.forexfactory.com/showthre...=104294&page=3

Now wont do that maybe i will lose my previous month earnings no bother.
I have to trust myself and my analysis.Brokers will do everything to create doubt in ur mind.This could be new daily TL so price hast to play in this area for a while. Reversing process take some time. Only watchin. im loaded full of positions.



I could expect this sharp wave down to 14750 without momentum( i call such move "oscilator trick".Move is to quick to oscilator could notice that)
.Now we have clear double bottom(good support) . Wave 5 on my previous image was definetely too short and i turned on wishfull thinking in my head



I transfered some money to ej subaccount to provide more liquidity LOL
I have seen it b4
At least i got orders activated while i was naping.

ej long from 14812 SLP (14712 hasnt been reached yet)
gj long from 18712 SLP 18612 SLP
aj long from 8312 SLP
eu long from 14012 SLP
cable long from 17712 SLP

I noticed that xx12 level is the best spot for orders, High accuracy without stress of missing nice entry.xx56 is good as well

One more thing on daily and weekly TF this downmove is still only a spike
This day should close above 14930 (timewindow border) to play range between 149 -158 next week.Beside i got sell signal on eur/aud on daily TF.

I repeat once again

Dont follow my decision i can change my decision in blink of the eye and wont write it here.
Do ur own reaserch and trade in ur way.
This journal is mostly for my purpose only.
  • #478
  • Oct 1, 2008 4:22pm Oct 1, 2008 4:22pm
short ea 17800 SLP
time to earn some money finally
  • #479
  • Oct 1, 2008 5:00pm Oct 1, 2008 5:00pm
Quoting 5ysfx
short ea 17800 SLP
time to earn some money finally
closed at 17740 for +60 pips = 4%
  • #480
  • Oct 1, 2008 6:41pm Oct 1, 2008 6:41pm
bought ej at 14863 SLP
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