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  • #7,281
  • Dec 16, 2008 7:55am Dec 16, 2008 7:55am
[quote=Shermenator;2421631]EURUSD

I am still short in it with 10 percent but a break of 3720 and I will close the remaider 10 percent

Attachment [/quot
hi sherm, where will u put a buy stop on EU
  • #7,282
  • Dec 16, 2008 7:57am Dec 16, 2008 7:57am
[quote=determined;2421795]
Quoting Shermenator
EURUSD

I am still short in it with 10 percent but a break of 3720 and I will close the remaider 10 percent

Attachment [/quot
hi sherm, where will u put a buy stop on EU
nope
  • #7,283
  • Edited 8:39am Dec 16, 2008 8:21am | Edited 8:39am
Alright guys it has been another great trading day.....
Grew my account R 1 today
and yesterday R 0.36

total compounded growth for the week is R 1.49

Good trading week....one more winner or such and I will decrease my risk in every trade entered since my goal is a 10 percent growth a week
Take care guys and hope some of you guys keep on taking my trades...let the pips be with you
  • #7,284
  • Dec 16, 2008 10:15am Dec 16, 2008 10:15am
Quoting Shermenator
Alright guys it has been another great trading day.....
Grew my account R 1 today
and yesterday R 0.36

total compounded growth for the week is R 1.49

Good trading week....one more winner or such and I will decrease my risk in every trade entered since my goal is a 10 percent growth a week
Take care guys and hope some of you guys keep on taking my trades...let the pips be with you
Great result Sherm! Well done

Well that was a bit of a poor effort by the Euro-Express today. The majority of my Long from 1.3668 was Closed at 1.3742. The rest can do as it wishes.

A great day's work. Now lets go out for some festive drinks!
  • #7,285
  • Dec 16, 2008 11:04am Dec 16, 2008 11:04am
I did not take the counter trend move but I took 2 long trades ,first one was the break of long swing fib and exited at the swing high and the second one was slightly higher than break of swing high (to avoid wipsaw) and the target is on the fib cluster of daily target and swing extension fib.
Attached Image (click to enlarge)
Click to Enlarge Name: fx4.JPG Size: 210 KB
  • #7,286
  • Dec 16, 2008 11:26am Dec 16, 2008 11:26am
Quoting alex12
I did not take the counter trend move but I took 2 long trades ,first one was the break of long swing fib and exited at the swing high and the second one was slightly higher than break of swing high (to avoid wipsaw) and the target is on the fib cluster of daily target and swing extension fib.
I took the break of the high.
T1 is about to be hit.
  • #7,287
  • Dec 16, 2008 11:56am Dec 16, 2008 11:56am
hello house,i am happy that everyone is making pips today.i will like to say that before bobokus left this thread,he has really impacted a lot into me and i can remember asking him so many times if he uses other indicators while trading and his response is always no.

if i may ask shermenator,do you also use some other indicators to make trading decisions?i just want to have a yes or no answer from you,you dont need to tell me the indicators you use i just feel i should ask because i use some other indicators with the fib while trading although fib is my major tool and every other one follows.i hope my question will not offend you.


Buy when price is going up and Sell when price is going down...always do what price is doing.
  • #7,288
  • Dec 16, 2008 3:13pm Dec 16, 2008 3:13pm
Quoting priceaction
Great result Sherm! Well done

Well that was a bit of a poor effort by the Euro-Express today. The majority of my Long from 1.3668 was Closed at 1.3742. The rest can do as it wishes.

A great day's work. Now lets go out for some festive drinks!
Let me eat my words!
That was an amazing move up by the Euro!
  • #7,289
  • Dec 16, 2008 8:04pm Dec 16, 2008 8:04pm
Quoting bjpumping
hello house,i am happy that everyone is making pips today.i will like to say that before bobokus left this thread,he has really impacted a lot into me and i can remember asking him so many times if he uses other indicators while trading and his response is always no.

[size=3]if i may ask shermenator,do you also use some other indicators to make trading decisions?i just want to have a yes or no answer from you,you dont need to tell me the indicators you use i just feel i should ask because i use some other indicators with the fib...

Nope I dont use 1 single indicator but fibbs...indicators lag...I know the market rythem better then what any indicator could tell me
  • #7,290
  • Dec 16, 2008 8:10pm Dec 16, 2008 8:10pm
Here is the updated Daily charts for anyone interested!
You have the templates too with all the fibonacci tools on them for all the time frames.Daily levels are very important , they have a lot more meaning than intraday or swing levels!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp daily.jpg Size: 125 KB
Click to Enlarge Name: eur daily.jpg Size: 114 KB
Attached File(s)
File Type: tpl bobokus daily gbp.tpl   7 KB | 603 downloads
File Type: tpl bobokus daily euro.tpl   6 KB | 546 downloads
  • #7,291
  • Dec 16, 2008 8:14pm Dec 16, 2008 8:14pm
Currently woke up and I am up 750 pips in my gbpusd long and 700 in usdchf good trades lol
  • #7,292
  • Dec 16, 2008 9:14pm Dec 16, 2008 9:14pm
Alright guys seems like we are might have 1-2 trades tonight so lets see how everything plays out
  • #7,293
  • Dec 16, 2008 9:30pm Dec 16, 2008 9:30pm
am I stupid to short GBP/USD now ?
  • #7,294
  • Dec 16, 2008 9:31pm Dec 16, 2008 9:31pm
Just saw that Bo has departed to do his own thing. I consider Bo a great guy and friend and at one time we were very tight. He is a great teacher and has freely given everyone in this thread a great gift. I hope everyone who trades his method appreciates the time and effort it takes to maintain a thread such as this one. I will say in my time on FF this is one of the most successful threads and I have been very happy to read all that Bo and others have posted. I hope Sherm and some of the other guys here will keep this great thread going strong.

Good luck,

PT
Zone Breakout Method
  • #7,295
  • Dec 16, 2008 9:39pm Dec 16, 2008 9:39pm
Quoting lkthomas
am I stupid to short GBP/USD now ?
Its never stupid depending on what your plan is and what your trying to get out of the trade....my plan for this pair for tonight is to short it as well but not yet ...I will say when I place my orders in the market....the market is not at my personal plan yet...
  • #7,296
  • Dec 16, 2008 9:47pm Dec 16, 2008 9:47pm
well, my theory is to bet super round number 1.5600 and retracement before another rise, market is not prefect and possible some small swing. And my position is not yet break even, hmm
  • #7,297
  • Dec 16, 2008 10:00pm Dec 16, 2008 10:00pm
GBPUSD update...

I have now placed a Sell stop at 5556
If for any reason I decide to cancel I will mention it

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #7,298
  • Dec 16, 2008 10:03pm Dec 16, 2008 10:03pm
hi there.... i am new trader and still keep studying. is ai USDCHF keep bearish which past 3month it falls to 1.0742? any advise for long position?
  • #7,299
  • Edited 10:13pm Dec 16, 2008 10:05pm | Edited 10:13pm
Quoting Shermenator
GBPUSD update...

I have now placed a Sell stop at 5556
If for any reason I decide to cancel I will mention it

Attachment

What is your reasoning for placement of the order at 5556? That is just above the 23.6 retrace of the last swing move up Don't you expect some support at that level considering the size of the up move today. Not second guessing you here just want to understand your thinking.

I actually just pulled a new fib and and your order is below the 23.6. Probably a good spot.
Zone Breakout Method
  • #7,300
  • Dec 16, 2008 10:11pm Dec 16, 2008 10:11pm
Quoting PowerTrader
What is your reasoning for placement of the order at 5556? That is just above the 23.6 retrace of the last swing move up Don't you expect some support at that level considering the size of the up move today. Not second guessing you here just want to understand your thinking.
On this one price is building orders below that suppot...also if price manages to make it to my sell stop people will start seing it as a double top as soon as it starte getting closer to my sell stop and more oders will be placed...this is a trade I would not look for so much out of it but more of a quick 50 pips or so scalp...
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