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  • #6,881
  • Dec 16, 2008 4:27am Dec 16, 2008 4:27am
Not sure you want a specific vid or any of his... in the latter case, here are they, on the right side...

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

Worth watching, just be prepared you will have often only 3 static images for 15 minutes and all he says is hmm, yes, hmm, yes.

But, worth watching anyways!! Watched them all.

Quoting Willowgal
Hi Tori - have you got a link for this video ?

Thanks
forget about tomorrow, just steal away into the night
  • #6,882
  • Dec 16, 2008 4:33am Dec 16, 2008 4:33am
Recently I heard about a setup called the turtle - nothing to do with the famous turtle trading stuff, and I think it fits into the S/R picture...

Anyone familiar with these turtles? As you can see they come pretty often... Looks somewhat like a double top but you can enter sooner and with smaller risk! I've added details to the 1st image, the other 2 are alike.
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forget about tomorrow, just steal away into the night
  • #6,883
  • Dec 16, 2008 5:43am Dec 16, 2008 5:43am
Quoting spekitox
Not sure you want a specific vid or any of his... in the latter case, here are they, on the right side...

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

Worth watching, just be prepared you will have often only 3 static images for 15 minutes and all he says is hmm, yes, hmm, yes.

But, worth watching anyways!! Watched them all.
Excellent - thanks spekitox
  • #6,884
  • Dec 16, 2008 7:56am Dec 16, 2008 7:56am
Quoting Willowgal
Hi Tori - have you got a link for this video ?

Thanks
www.yourtradingcoach.com I get their newsletter each week and has some great videos. Sams called trade what is real, not what you feel, is the one that taught me so much about the strength of the buyers and sellers at resistance. All the videos I have watched are totally grounded in support and resistance, not heaps of indicators. Also they state they are working from real time charts, and that has to be good because they back their reasoning for taking a trade. Anyway it is worth signing up for the newsletter and getting all the info. As always though, I am determined to only listen to what I am working with, which is S/R. It is always easy to get caught up in other strategies and stray from you basic direction. As every great trader I have read says, find your own style, rules, ect, and do not change a winning formula. S/R is my formula and as long as the video deals with that I will devour it fully.
  • #6,885
  • Dec 16, 2008 8:16am Dec 16, 2008 8:16am
I am going to be bold again tonight. I did great on pound last night. 340 pips all up, in and out. I have taken 2 trades from 222 line, and now I am sitting in one and waiting. If it goes over my green line I have a target of 541. This is my favourite trade for tonight. If it cant get over the line it will still have given up some good pips as there is quite a wide channel there in which to trade.I figure it offers enough pips just to line to make it worthwhile, and plenty in extention.
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  • #6,886
  • Dec 16, 2008 8:30am Dec 16, 2008 8:30am
I would like to know what others think. I see eurusd at resistance and comments about taking a sell. I however will not do so because I feel the usd is getting weaker and it just may go up. I will only take sells on usd now, so will wait for charts to drop like I did with pound, and then buy. I look at nzdusd, aussie, usjap, and especially chf, and the usd is losing ground to all of them.
  • #6,887
  • Dec 16, 2008 8:47am Dec 16, 2008 8:47am
Looks like I have been talking too much and driven everyone away. So I may as well share something I got from the video I mentioned on S/R. If anyone is interested. On this chart there has been several hits on the resistance line, each time the candles have gotten smaller and smaller, according to Sam this means the sellers orders have been slowly getting filled. Now we have a much stronger looking candle coming up to the line, meaning there is getting to be more buyers. That is why I dont want to take a sell. Of course I would not know which way it was going, but I guess this little tip I picked up, at least causes me to pause.
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  • #6,888
  • Edited 9:53am Dec 16, 2008 9:31am | Edited 9:53am
Mmmm... well here we are.. 3770.. Big spot..
...cluster resistance.. bad US cpi /housing figures..and 50bp cut prediced and priced in...
Ok.. Im going to fade a short for a cheap RR
1640half out 20 scalp
1651 out 2nd half I think its back for another look
  • #6,889
  • Dec 16, 2008 9:33am Dec 16, 2008 9:33am
Quoting Tori
I would like to know what others think. I see eurusd at resistance and comments about taking a sell. I however will not do so because I feel the usd is getting weaker and it just may go up. I will only take sells on usd now, so will wait for charts to drop like I did with pound, and then buy. I look at nzdusd, aussie, usjap, and especially chf, and the usd is losing ground to all of them.
Right, if you take a look at the dollar index it's getting weaker and weaker by the moment.

Also, I feel your pain as for confidence issues. I hit a bad patch of trades last week, and so I took a little time off from making live trades and just marked up lines and watched the markets a little bit. Unfortunate that I'm missing a lot of this volatility in selling off the dollar, but it's no good when I can't pull the trigger on a line (although it does help confidence a bit when that line gets respected).

Edit: Can't post a chart, but I'm watching the USDCAD. Oil is really oversold and with the inevitable cuts on the USD interest rate, I think we might be in for quite a bit more dollar selloff against the CAD in the next few days.
  • #6,890
  • Dec 16, 2008 9:39am Dec 16, 2008 9:39am
Quoting Tori
Looks like I have been talking too much and driven everyone away. So I may as well share something I got from the video I mentioned on S/R. If anyone is interested. On this chart there has been several hits on the resistance line, each time the candles have gotten smaller and smaller, according to Sam this means the sellers orders have been slowly getting filled. Now we have a much stronger looking candle coming up to the line, meaning there is getting to be more buyers. That is why I dont want to take a sell. Of course I would not know which way...
You haven't driven everyone away. I'm getting back to basics with Sam videos before I declutter my charts later.

Thanks for interesting comments above.
  • #6,891
  • Edited 10:25am Dec 16, 2008 10:22am | Edited 10:25am
Quoting Tori
I am going to be bold again tonight. I did great on pound last night. 340 pips all up, in and out. I have taken 2 trades from 222 line, and now I am sitting in one and waiting. If it goes over my green line I have a target of 541. This is my favourite trade for tonight. If it cant get over the line it will still have given up some good pips as there is quite a wide channel there in which to trade.I figure it offers enough pips just to line to make it worthwhile, and plenty in extention.Attachment
Hi Tori...your not talking too much I took the same bounce on the G/U last hour and closed for ++ 102. According to Sam's rules, it was the second time back in such a short period of time, so I actually didn't think it would give me anything.

In at 5350 and out at 5250... nice trade. I am done for the day.

Mike G
Attached Image
  • #6,892
  • Dec 16, 2008 10:23am Dec 16, 2008 10:23am
Quoting Tori
Looks like I have been talking too much and driven everyone away. So I may as well share something I got from the video I mentioned on S/R. ...... On this chart there has been several hits on the resistance line, each time the candles have gotten smaller and smaller, according to Sam this means .........

1. this is not the case of breakout that Sam talked about. Beware.
2. My 2 cents: DO NOT go in now to any trade before the announcement. The whole world is waiting. Don't get too friendly with the sharks.
3. Too many lines. Get rid of the lower ones...
  • #6,893
  • Dec 16, 2008 10:42am Dec 16, 2008 10:42am
Quoting ady27
1. this is not the case of breakout that Sam talked about. Beware.
2. My 2 cents: DO NOT go in now to any trade before the announcement. The whole world is waiting. Don't get too friendly with the sharks.
3. Too many lines. Get rid of the lower ones...
Thanks for keeping the info coming so I can learn. Have gotten rid of heaps of lines, more to go. Wont be taking a trade on euro. Was pointing out that I didnt like it for a sell as it looked, and still dont. Made 214 pips in the pound channel tonight so I am off to bed. I am concentrating on choosing the trade with the best opportunity for a decent run, and if it fails, still a good bucket of pips, and tonight the pound worked well. Love sharing my thoughts, and love even more getting picked up for any comments that are not spot on. That is how I learn. goodnight all.
  • #6,894
  • Dec 16, 2008 6:02pm Dec 16, 2008 6:02pm
Hi,

This morning added a new trade on cable with 15538 breaking and not much else above it to get in the way.

Other levels I'll be watching include the Eur/jpy @ 126.26 and usd/jpy @ 88.54 not much else around that one so any new low should see the free fall continue.

Cheers.
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  • #6,895
  • Dec 17, 2008 3:19am Dec 17, 2008 3:19am
Quoting Siam
Hi,

This morning added a new trade on cable with 15538 breaking and not much else above it to get in the way.

Other levels I'll be watching include the Eur/jpy @ 126.26 and usd/jpy @ 88.54 not much else around that one so any new low should see the free fall continue.

Cheers.
Thanks for sharing those they tie in pretty closely to my charts except USDJPY where I have noted the recent low of 8827 as there is nothing else down there.

More posts like this from everyone please!

I find it helps build confidence in my own s/r and sometimes stops me making a silly mistake.
  • #6,896
  • Dec 17, 2008 4:06am Dec 17, 2008 4:06am
Just in case anyone hasn't got them the next support I can find for USDJPY is around 8470 and 7970 back in 1995!
  • #6,897
  • Dec 17, 2008 7:23am Dec 17, 2008 7:23am
Anyone play the EJ bounce off the day low? 50 pips in 7 minutes..
I hope so.. it doesnt get anymore obvious or textbook than that.
..and fellas, Im NOT being a smartass after the event.. just look at your 5/15 m.
I just logged in and spotted it literally a minute before it happened..so sorry no alert..

Lets keep looking..
  • #6,898
  • Dec 17, 2008 7:42am Dec 17, 2008 7:42am
Quoting cliffedwards
Anyone play the EJ bounce off the day low? 50 pips in 7 minutes..
I hope so.. it doesnt get anymore obvious or textbook than that.
..and fellas, Im NOT being a smartass after the event.. just look at your 5/15 m.
I just logged in and spotted it literally a minute before it happened..so sorry no alert..

Lets keep looking..
Hi Cliff

I wouldn't have picked that one up, however I do log in and sometimes have a quick punt before I've really assessed the situation, if something looks really good. These are very low risk moves though for a max 40pips.

I don't mind anyone posting trades after the fact, it still helps our spotting skills.

My morning has been spent cleaning up my charts, hopefully they will be much more useable.
  • #6,899
  • Dec 17, 2008 9:57am Dec 17, 2008 9:57am
Quoting cliffedwards
Anyone play the EJ bounce off the day low? 50 pips in 7 minutes..
I hope so.. it doesnt get anymore obvious or textbook than that.
..and fellas, Im NOT being a smartass after the event.. just look at your 5/15 m.
I just logged in and spotted it literally a minute before it happened..so sorry no alert..

Lets keep looking..
Do you mean when it came down to the current low of today again? 124.21ish?
  • #6,900
  • Dec 17, 2008 10:25am Dec 17, 2008 10:25am
Quoting libb
Do you mean when it came down to the current low of today again? 124.21ish?
That's how I read it libb.
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