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  • #1,821
  • Apr 8, 2009 11:00pm Apr 8, 2009 11:00pm
[quote=geoffrod;2659821]
Quoting strat
Don't forget to take some profits when you hit major resistance at 1.7130ish.

must be different feeds or something

my boss20 on the gbp/chf is above where price is now, about 100pips above, this doesn't seem to be a very long term trade at all, a short scalp at best.

this pair to me may have turned up but until it shows strong breaking thru the boss20 and makes another higher high it could be still short.

just my bobs whorth

cheers
geoff
Make sure you have a 100 EMA, not SMA. I made that mistake on my BOSS 20 around a month ago too.
Bang.
  • #1,822
  • Apr 8, 2009 11:12pm Apr 8, 2009 11:12pm
[quote=AminAS;2659841]
Quoting geoffrod

Make sure you have a 100 EMA, not SMA. I made that mistake on my BOSS 20 around a month ago too.

i will try to show you what i got
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf pink dash line is 100ema.gif Size: 32 KB
  • #1,823
  • Apr 8, 2009 11:14pm Apr 8, 2009 11:14pm
Quoting strat
You are very welcome to join our following. We have 3 "Strat Certified Trainers" plus an "Events & Crude Specialist" to guide us plus many enthusiastic, common sense trainee traders PLUS we like to have fun doing it.

By the way, we are not in any competition with J16 or Jacko, only the Queen (The Market) - if you are more comfortable on another thread then that is fine by us - you must go where you feel you can learn and understand the most to be able to profitably trade forex without sacrificing your health and sanity.

Let us know how we...

I know you are not in competition. Your method sounds very similar to what I have been searching for. Thanks for welcoming me here, I have a lot of reading to do on this thread to get up to speed. Looking forward to participating afterwards. The Queen has beheaded me many times in the past, now maybe I can take back what is mine from her.
  • #1,824
  • Apr 9, 2009 12:26am Apr 9, 2009 12:26am
[quote=geoffrod;2659846]
Quoting AminAS


i will try to show you what i got
Geoff,

On my data, the BOSS 20 is at 1.6836. Yesterday's bar closed at 1.6901

We don't know whether this is a short term or long term trade yet, all I was pointing out to Amin was to take something from The Queen at the first sign of resistance. If he has multiple positions, he might want to take full profit on some at this point and bring his SL to break even on the others.

Suggest you check your settings on your 100 and 250 MAs - they should be 100 EMA and 250 SMA - if still not right, please advise
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,825
  • Apr 9, 2009 12:27am Apr 9, 2009 12:27am
Quoting rgrace
I know you are not in competition. Your method sounds very similar to what I have been searching for. Thanks for welcoming me here, I have a lot of reading to do on this thread to get up to speed. Looking forward to participating afterwards. The Queen has beheaded me many times in the past, now maybe I can take back what is mine from her.
Oh Beheaded One - you will fit in well here!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,826
  • Apr 9, 2009 2:02am Apr 9, 2009 2:02am
Quoting rgrace
I have been trading forex for almost a year with mixed results. I have been slightly profitable with scalping for the last 2 months. I realized I do not want to live my life that way. The lack of sleep and daily stress is playing havoc with my state of mind and health.
I know that feeling!!

Anyway, seems I've picked up something here as my analysis from last night has taken me into longs on NZDJPY and NZDUSD. Similar setups so reduced stakes on both. With holidays also I'll be taking profits quick and leaving a bit on at BE.... if everything goes according to plan.
  • #1,827
  • Apr 9, 2009 2:55am Apr 9, 2009 2:55am
Quoting elitejets
The most convincing reason to short it is the number of people in the media telling us that this is the time to buy gold again.

Nicola
Always a good signal to keep watch.
Think oil at $147 "It's going to $350!!!"

S&P at 666 "It's going down forever"

Dotcom boom etc

ps glad you've not got that other pic on here Nicola. lol
  • #1,828
  • Apr 9, 2009 3:34am Apr 9, 2009 3:34am
i had a feelin she would do this....in....1st target....and die.must be the holiday vibe or something.....somehow that pin wasnt good enough.......anyway i didnt fill a ticket...didnt feel like it for a reason i cant tell you as its seems to be subconsious........

i just got this feelin its gonna sideways for a bit........when i get that feelin i always wait for another bar.I might still be wrong,but the fact that she has done the "Even" thing for me is saying "no snogging the Queen today"

You know sometimes you just dont know......and thats OK too..........g
  • #1,829
  • Apr 9, 2009 3:52am Apr 9, 2009 3:52am
whats your status on this.....?....in....out....even.......holding?
  • #1,830
  • Apr 9, 2009 4:57am Apr 9, 2009 4:57am
Hi Baba G

I set this trade up last night, order got filled, checked at 7am, by 7:30am volume was decreasing, checked bar action and took profit whilst on table. As you say, Easter holidays ...Nicole
  • #1,831
  • Apr 9, 2009 6:54am Apr 9, 2009 6:54am
Trade Plan for EUR/AUD

I have made a word document I will use when making any trade I do and reference it with a chart in the hopes of improving my trades

Could you take a look and offer any advice on either analysis or anything I should add to the trading plan, thanks

Cannot post a chart as im in work atm
Attached File(s)
File Type: doc TRADE PLAN - EURAUD 090409.doc   21 KB | 863 downloads
  • #1,832
  • Apr 9, 2009 7:34am Apr 9, 2009 7:34am
I'm trying to play this as a pure Daily trade i.e. make my next decision based on today's complete candle. Admittedly I've had a quick look. Still holding. Tight targets set initially and if they get hit so be it. I'll adjust all levels tonight.
  • #1,833
  • Apr 9, 2009 7:44am Apr 9, 2009 7:44am
Quoting Baba G
AND the best lurker goes to.......HAPASASA!!!!!!! as he/ she commented on what FXPIPPY had posted first!!!!!
Come and get your tea,toast and a bikky!!!!!!!.........
....make sure you tune in to the next...................quiz time!!!!...........fun
Baba G - thanks for the award... give me (him) a break though, I posted an hour or so before FxPippy. (this late response due to restricted access to the internet).

Good to see the toast is sliced bread rather than one of those who traded wrong.

Till the next time...
  • #1,834
  • Apr 9, 2009 7:46am Apr 9, 2009 7:46am
Quoting FxPippy
Hi Baba G

I set this trade up last night, order got filled, checked at 7am, by 7:30am volume was decreasing, checked bar action and took profit whilst on table. As you say, Easter holidays ...Nicole

Your nzd same as mine you took profit I broke even......will you be my girlfriend or do you love HIM....
GOD IS NOT SHORT OF CASH
  • #1,835
  • Apr 9, 2009 9:17am Apr 9, 2009 9:17am
Hi Swami S

What can I say...Team Strat bringing trading partners together...
Baba G and Nicola and Swami and Nicole...soo .

Have a great Easter break, hopefully the sun will shine on Sunday, raining at the moment here...
  • #1,836
  • Apr 9, 2009 9:26am Apr 9, 2009 9:26am
She is right at that level ... lets see what she does here.
N
  • #1,837
  • Apr 9, 2009 9:58am Apr 9, 2009 9:58am
Hi el_duende

I had a quick look at your plan and this may help you..
One of my considerations is confluence broken down into areas and a quick tick box for yes or no and comment box..You might also want to consider adding risk reward ratio and if you decide to trade more than 1 lot to take a proportion out. e.g. 1/2 out at 'x' level'. By pre-determining your levels you know what you are planning to trade. Hope this helps..
Attached Image
  • #1,838
  • Apr 9, 2009 11:47am Apr 9, 2009 11:47am
Quoting el_duende
Trade Plan for EUR/AUD

I have made a word document I will use when making any trade I do and reference it with a chart in the hopes of improving my trades

Could you take a look and offer any advice on either analysis or anything I should add to the trading plan, thanks

Cannot post a chart as im in work atm
I thought it looked great el duende. That is some real planning before execution.
Bang.
  • #1,839
  • Apr 9, 2009 11:50am Apr 9, 2009 11:50am
Quoting elitejets
She is right at that level ... lets see what she does here.
N
Pull up a long term Daily chart, put a 150 EMA on it and see how well she respects it AND she is at THAT POINT now.

Also, draw a TL from the swing low close on Bonfire Night last year to the swing low close/opens on Jan 6, 7 & 8 and project forwards and guess where that takes you!

This all makes 1.2200 a very, very interesting level
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,840
  • Apr 9, 2009 12:01pm Apr 9, 2009 12:01pm
Quoting el_duende
Trade Plan for EUR/AUD

I have made a word document I will use when making any trade I do and reference it with a chart in the hopes of improving my trades

Could you take a look and offer any advice on either analysis or anything I should add to the trading plan, thanks

Cannot post a chart as im in work atm
I'm not really good at this as I tend to go off on tangents too much but what I do know is that the check list that YOU develop is always far better than using another person's check list. It is all about our comfort levels, acceptance levels, personal harmonics etc., (sorry getting too deep).

You might want to consider adding a chart showing your entry and another showing your exit followed by your analysis of what went right, wrong, what you could have done better, where you took profit and where the maximum profit was.
15 YEARS OF PASR ON FOREX FACTORY!
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