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  • #46,861
  • Nov 24, 2008 8:12pm Nov 24, 2008 8:12pm
Quoting hard1head1
This was a good example of why when trading E/U you must also watch E/J for signs. This was a perfect example of that fact. The reversal showed up in E/J befre it showed itself in E/U. The Bullish Engulfing Formation along with the failure of the Inside Bottom on E/J told me that E/U was not far behind. This came true with avengence and was worth over 1000 pips for me and my account total both E/J and E/U.

Jim.
Awesome trade Jim - and congrats for following the signals!!
  • #46,862
  • Nov 24, 2008 8:20pm Nov 24, 2008 8:20pm
Last year on Thanksgiving day I made over 500 pips trading a 50 pip channel. The price channeled all day long and it was the easiest pipage I ever made. These are welcome opportunities and everyone should look for channels on days when trading wanes a bit.

Jim

Quoting doblece
Indeed. Christmas season has an extremely low volume and randomness in prices, it can be very (more than usual anyway) unpredictable or completely flat for long periods, can be boring or crazy times.

Anyway if you want to have an idea, you can check the charts for previous years and see how the market behaves in medium timeframes... so you can be prepared.
  • #46,863
  • Nov 24, 2008 8:37pm Nov 24, 2008 8:37pm
Last 4th of July some crazy stuff happened.
The euro kept jumping up 10 pips to come down 10 pips, almost instantly.
It happened about 10 times a minute for a good 20 minutes or so.

Clicked a button to buy with a 4 pip take profit
Clicked a button to sell with a 4 pip take profit

Made some nice dough very quickly risking a nice amount on each trade. It happened so often with consistency that there was really no risk. Probably got off 60 winning trades in a row like that.
  • #46,864
  • Nov 24, 2008 9:09pm Nov 24, 2008 9:09pm
Quoting hard1head1
Last year on Thanksgiving day I made over 500 pips trading a 50 pip channel. The price channeled all day long and it was the easiest pipage I ever made. These are welcome opportunities and everyone should look for channels on days when trading wanes a bit.

Jim


Don't forget to enjoy some turkey too.
"The markets are the greatest chess match ever played."
  • #46,865
  • Nov 24, 2008 9:15pm Nov 24, 2008 9:15pm
http://www.forexfactory.com/showpost...&postcount=589

See this post for indicator revision.
  • #46,866
  • Nov 24, 2008 9:55pm Nov 24, 2008 9:55pm
Tail is wagging the dog tonight.

Currencies and Crude are dragging the stock futures down.
  • #46,867
  • Nov 24, 2008 10:16pm Nov 24, 2008 10:16pm
Just checking in guys. My long order got filled at 2823 and I'm still in it...call me crazy
Not all sins are created equal
  • #46,868
  • Nov 24, 2008 10:19pm Nov 24, 2008 10:19pm
Quoting Jay Walker
Just checking in guys. My long order got filled at 2823 and I'm still in it...call me crazy
Hello Jayman,

I'm hedging shorts (probably all night) by scalping long. Painful.
Up or down, gimme a ticket
  • #46,869
  • Nov 24, 2008 10:20pm Nov 24, 2008 10:20pm
A quick price projection for the next few days. If proven targets are around 1.3200- 1.3300. Just in case long trades are a part of your plan at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: week-target.PNG Size: 24 KB
  • #46,870
  • Nov 24, 2008 10:21pm Nov 24, 2008 10:21pm
Quoting SpecialEd
Hello Jayman,

I'm hedging shorts (probably all night) by scalping long. Painful.
Painful allright.

I'm on the daily chart just in case you're wondering what my madness is about
Not all sins are created equal
  • #46,871
  • Nov 24, 2008 10:23pm Nov 24, 2008 10:23pm
Quoting MackS10
A quick price projection for the next few days. If proven targets are around 1.3200- 1.3300. Just in case long trades are a part of your plan at this point.
Exactly why I'm in a long.
Not all sins are created equal
  • #46,872
  • Nov 24, 2008 10:26pm Nov 24, 2008 10:26pm
Quoting Jay Walker
Painful allright.

I'm on the daily chart just in case you're wondering what my madness is about
I'm ashamed to say I'm scalping the M1 tonight. If you take a look at my daily chart attached, you'll notice that I kept adjusting the top trendline up all day. The bottom horizontal (slight upward line) is about where I'd like to go somewhere over the next couple of days.
Attached Image
Up or down, gimme a ticket
  • #46,873
  • Nov 24, 2008 10:26pm Nov 24, 2008 10:26pm
inverted hammer at 200 sma 4HR TF and a " V" shaped reversal along with stoch pointing down on 1HR TF
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #46,874
  • Nov 24, 2008 10:26pm Nov 24, 2008 10:26pm
v4 had a bug which is fixed. Attached is revision with the fix....v4.1
Attached File(s)
File Type: mq4 SDX-SweetSpots_v4.1.mq4   8 KB | 468 downloads
  • #46,875
  • Nov 24, 2008 10:29pm Nov 24, 2008 10:29pm
Quoting vulture
inverted hammer at 200 sma 4HR TF and a " V" shaped reversal along with stoch pointing down on 1HR TF
perrycomo on the M1.
Up or down, gimme a ticket
  • #46,876
  • Nov 24, 2008 10:30pm Nov 24, 2008 10:30pm
Quoting traderathome
v4 had a bug which is fixed. Attached is revision with the fix....v4.1
Hi Traderathome,

This is for thv also, right?
Up or down, gimme a ticket
  • #46,877
  • Nov 24, 2008 10:38pm Nov 24, 2008 10:38pm

Hi guys,
this is my daily chart and as you can see we have reached the top of the channel where I have further sold.
But regardless of my position that does not seem at all so bad , I wonder why I am one of the few who imagine a retrace.
I'm missing something?

Attached Image (click to enlarge)
Click to Enlarge Name: Daily.GIF Size: 44 KB
The best thing that can happen to you is to find out where you're wrong.
  • #46,878
  • Nov 24, 2008 10:41pm Nov 24, 2008 10:41pm
Quoting SpecialEd
Hi Traderathome,

This is for thv also, right?
Absolutely.....any chart 4hr down, any template, any strategy.
  • #46,879
  • Nov 24, 2008 10:42pm Nov 24, 2008 10:42pm
Quoting SpecialEd
perrycomo on the M1.
i'm sorry what do you mean?
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #46,880
  • Nov 24, 2008 10:44pm Nov 24, 2008 10:44pm
Quoting Driver55

Hi guys,

this is my daily chart and as you can see we have reached the top of the channel where I have further sold.
But regardless of my position that does not seem at all so bad , I wonder why I am one of the few who imagine a retrace.

I'm missing something?

Not the only one.

Hugging the daily pivot last 30 minutes or so.

If it gives should have a quick drop.
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