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  • #6,921
  • Dec 18, 2008 6:48am Dec 18, 2008 6:48am
Quoting RedCabbage
There's a link in what you said, the absence of these people is likely to be that they know it is hard work this time of year when volume is low and volatility high.
I have a feeling BRV has taken the rest of the year off and will be back in Jan.
  • #6,922
  • Dec 18, 2008 7:00am Dec 18, 2008 7:00am
Quoting libb
I have a feeling BRV has taken the rest of the year off and will be back in Jan.
Exactly.

Any good today libb?

I'm struggling to catch anything everything retraces so quickly as volumes are thin. Only quick in and outs are working.
  • #6,923
  • Dec 18, 2008 7:07am Dec 18, 2008 7:07am
Quoting RedCabbage
Exactly.

Any good today libb?

I'm struggling to catch anything everything retraces so quickly as volumes are thin. Only quick in and outs are working.
No good lookin setups that I've found lately. I'm taking my time in these conditions to find the most obvious (no brainer) setups. I'm still around, if I find a good one I'll be sure to post
  • #6,924
  • Dec 18, 2008 7:30am Dec 18, 2008 7:30am
I believe BRV is a fund manager, and I imagine he has a lot of EOY work to do aside from trading to get things settled. He mentioned that he had been caught up in work, I wouldn't worry about it. Keep in mind it's also the holidays and posting and writing blogs might take a back seat to dealing with real life issues.Anyways, I think there's enough active traders here who understand the basics and more and have the wherewithall to make sure this thread doesn't die. We might not have good blog posts to read every day, but certainly there's good levels and analysis posted here day in and day out. I mean you can actually see the progress made by people in this thread by looking back even a few months ago. Really amazing stuff.
  • #6,925
  • Dec 18, 2008 7:30am Dec 18, 2008 7:30am
Quoting RedCabbage
I will be looking to go long from around 15277-15257

Support
Convergence of 4H TL
Daily 38.2 Fib

Any comments welcome.
I took that bounce as well.....Nice 39 pip
  • #6,926
  • Dec 18, 2008 7:58am Dec 18, 2008 7:58am
Quoting Matrixxdg
Hi All,
Woke this morning to a nice profit. Supply & Demand trade hit last night. Closed 90% @ 61.8 Fib for +177. The other 10% is still running.

I'm through for the day.
If you get time post some set ups on here. It's what BRV intended.

Don't worry there's no sheep, folk are just a quick to question a move as they are to follow.
  • #6,927
  • Dec 18, 2008 9:07am Dec 18, 2008 9:07am
Quoting RedCabbage
If you get time post some set ups on here. It's what BRV intended.

Don't worry there's no sheep, folk are just a quick to question a move as they are to follow.
LOL.... Thanks Red. People can question all they want, I really have nothing to prove, just sharing. But ok...here is one I have pending now.

AUD/USD - On the 17th price moved up after a Drop-Base-Rally. It has not yet retested the area. I look for a retrace when it hits the pending BUY orders that did not get filled during the first rally. Stop Loss is small rewards are HIGH. BUT, like all trading, it may blow through it on the way down and not retrace at all....that's trading.

MG
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  • #6,928
  • Dec 18, 2008 9:34am Dec 18, 2008 9:34am
Quoting Matrixxdg
LOL.... Thanks Red. People can question all they want, I really have nothing to prove, just sharing.
MG
Don't worry I wasn't implying anything has to be proved.
I think there are a lot of egotistical types elsewhere in FF, thankfully in this thread they are scarce.

Set up looks good, as you say not much time to fill orders at that level. My s/r is at 6894, I'll be looking for a retrace when the alarm goes off.

Thanks for sharing.
  • #6,929
  • Edited 10:20am Dec 18, 2008 10:15am | Edited 10:20am
Quoting RedCabbage
......I think there are a lot of egotistical types elsewhere in FF, thankfully in this thread they are scarce. .......
.
Yea...Thankfully .....

And thanks for sharing MDG..You and Smitty have persueded me into reading the Sam S material..I like..
  • #6,930
  • Dec 18, 2008 11:29am Dec 18, 2008 11:29am
Quoting cliffedwards
Yea...Thankfully .....

And thanks for sharing MDG..You and Smitty have persueded me into reading the Sam S material..I like..
Sam gets the message across really well, watch all his videos in fxstreet.com, there's a lot of repetition but it's worth it as it starts to become imprinted on your brain.

I can't help thinking of the teacher in South Park though...mmmkay.

No offence Sam, I bet you find my english accent hilarious!
  • #6,931
  • Edited 11:55am Dec 18, 2008 11:40am | Edited 11:55am
Quoting RedCabbage
Don't worry I wasn't implying anything has to be proved.
I think there are a lot of egotistical types elsewhere in FF, thankfully in this thread they are scarce.

Set up looks good, as you say not much time to fill orders at that level. My s/r is at 6894, I'll be looking for a retrace when the alarm goes off.

Thanks for sharing.
No Problem Red... One more I closed 2 hrs ago. Sam Seiden Supply and Demand trade for ++101

I'm through for the day. When it get's this late the market get's un-predictable.

Still waiting for the retrace back up to 4635 area with a sell limit order waiting there.

Talk soon.

MG
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  • #6,932
  • Dec 18, 2008 12:49pm Dec 18, 2008 12:49pm
Quoting Matrixxdg
No Problem Red... One more I closed 2 hrs ago. Sam Seiden Supply and Demand trade for ++101

I'm through for the day. When it get's this late the market get's un-predictable.

Still waiting for the retrace back up to 4635 area with a sell limit order waiting there.

Talk soon.

MG
Well done MG.

It's good to know someone is getting trades over 100pips while the rest of us struggle to get 40 in this volatility.
  • #6,933
  • Edited 1:27pm Dec 18, 2008 1:09pm | Edited 1:27pm
Quoting Matrixxdg
LOL.... Thanks Red. People can question all they want, I really have nothing to prove, just sharing. But ok...here is one I have pending now.

AUD/USD - On the 17th price moved up after a Drop-Base-Rally. It has not yet retested the area. I look for a retrace when it hits the pending BUY orders that did not get filled during the first rally. Stop Loss is small rewards are HIGH. BUT, like all trading, it may blow through it on the way down and not retrace at all....that's trading.

MG
OK Red, As I stated above that's trading. It blew through and stopped me out with a 33 pip SL. So I reset lower at the most logical place and I am currently up +49... we'll see.

MG

UPDATE: Closed trade @38.2 FIB for +67 pips less the -33 SL above for a profit of +34
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  • #6,934
  • Dec 18, 2008 4:26pm Dec 18, 2008 4:26pm
Morning,

Aud/usd gave out +100 yesterday before retracing back below the break out line. Managed to skim a few of that and now it's floating around in a channel again.

Decided to take profits on usd/chf + Usd /Jpy:one of the best runs of the year for me. I continue to hold Euro for now and am looking at usd/cad for a short play around 1880. On the up side if this manages to break 12199 with any conviction I believe intraday bias will be to the upside and look at targeting 12512.

It's been quite the week/year and I'm thinking of winding things down for the holidays.

Cheers.
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  • #6,935
  • Dec 19, 2008 1:29am Dec 19, 2008 1:29am
Quoting Matrixxdg
OK Red, As I stated above that's trading. It blew through and stopped me out with a 33 pip SL. So I reset lower at the most logical place and I am currently up +49... we'll see.

MG

UPDATE: Closed trade @38.2 FIB for +67 pips less the -33 SL above for a profit of +34
This is the sort of contribution this thread needs. Good job MG.

Reminding us that controlled small losses are part of the game, and that you've got to be in it to win it.

My biggest problem yesterday was having the courage to get into the trades I had set up due to EOY volatility.

It's not nice seeing 100's of pips left on the table.
  • #6,936
  • Dec 19, 2008 2:45am Dec 19, 2008 2:45am
Matrixxdg

I notice candlestick patterns highlighted in different colours on your charts, is that an automatic function of the package?

If so is it any good or are there too many false alarms?
  • #6,937
  • Dec 19, 2008 5:51am Dec 19, 2008 5:51am
Quoting RedCabbage
Matrixxdg

I notice candlestick patterns highlighted in different colours on your charts, is that an automatic function of the package?

If so is it any good or are there too many false alarms?
Hi Red, no I also trade the DIBS method intraday... that strategy is here:

http://www.forexfactory.com/showthread.php?t=86766

The candle color change is an Inside Bar indicator. Attached below.

MG
Attached File(s)
File Type: mq4 IB.mq4   6 KB | 669 downloads
File Type: ex4 IB.ex4   6 KB | 526 downloads
  • #6,938
  • Dec 21, 2008 7:09am Dec 21, 2008 7:09am
Guys, thanks to everybody who contrinuted to this thread. Special thanks to BRV for setting it up in the first place. I guess we are all looking to your new thoughts and ideas!

I wish you all Merry Christmas and a very prosperous New Year! Happy trading in 2009!
One Chart is Worth Ten Thousand Words.
  • #6,939
  • Dec 22, 2008 7:01am Dec 22, 2008 7:01am
Have a great break everyone.

I have decided to shut my charts down until the New Year today.

However, if anyone is looking for a real good read (to avoid the boredom ) over the holiday period I have recently been reading "Emotion Free Trading" by Larry Levin... a great read :
http://www.earnforex.com/forex_e-boo...radingBook.pdf
  • #6,940
  • Dec 22, 2008 10:08pm Dec 22, 2008 10:08pm
Hi,

I'm new to s/r trading.

I have for EURUSD between 1.32 and 1.50 35 levels/areas for the price to bounce. Is this to much?

15 either support or resistance

and the other 20 support/resistance

Thanks

Thomas
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