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  • #201
  • Apr 16, 2009 11:49pm Apr 16, 2009 11:49pm
Quoting shaun140
i believe nobody could use a system/method effectively but the creator of the system especially in the forex market ....i'm not using any indicators,i just try to watch the action of the price
money management is so important ,also i believe scalping/short term trading brings you less worries,less risk

good luck
Hi Shaun,
I am extrmely impressed with your forecasts and have been following it. If you are not using any indicators but on just watching the price, perhaps you will be kind enough to give us some tips on what to look for.

Thanks and hopefully you will continue to post your forecast
  • #202
  • Apr 17, 2009 3:28am Apr 17, 2009 3:28am
Thanks for your reply Shaun. It is appreciated even if it does not really pass any absolute info. I will continue to follow you and try to see if I can "see" the price action you are seeing. I agree about scalping being less stressful provided that you have a good money management system which you adhere to. My biggest difficulty is emotion, I tend to get out of good trades too soon and bad trades too late so I really need to establish s/l and t/p when I place a trade and then leave it alone. I believe that you said earlier that you use 5 min charts , is that correct? Do you use S and R to establish your s/l & t/p or some other method. I am currently trying to use them as a basis but actually coming somewhat inside them to try to make the positions a little more reliable.
Anyway thanks and I hope that you continue posting your picks. If I ever get my method to an acceptable state will share it to try to get some other opinion.
  • #203
  • Apr 17, 2009 3:29am Apr 17, 2009 3:29am
Quoting shaun140
+27 pips
Yup, you're the man. I admire your integrity. A couple days ago you called a Euro short that quickly went to within 2 pips of your target, then reversed. It would have been easy to call that a win but you didn't.

Second thing I'm impressed with: Usually price takes off within a few minutes of your posted calls. You've a good sense of rhythm and momentum.

All the best
Bill
  • #204
  • Apr 17, 2009 7:09am Apr 17, 2009 7:09am
i'll buy EUR/USD at 1.3058 sl 19 pips..target 26 pips..valid for 50 minutes
  • #205
  • Apr 17, 2009 8:05am Apr 17, 2009 8:05am
Quoting shaun140
i'll buy EUR/USD at 1.3058 sl 19 pips..target 26 pips..valid for 50 minutes
closed after 50 minutes at 1.3053 ..-5 pips
  • #206
  • Apr 17, 2009 8:55am Apr 17, 2009 8:55am
Hello Shaun,

I have been following your predictions the last few days, and I can say u r right on the money. I am myself a daily spot trader/scalper. I have a system of course and concerning your last prediction I am not too sure if you do this predictions randomly or what, because on my side, I really didn't see why you would take a buy at that point of time.

I would appreciate if you share the reason why you make certain choices otherwise, it just doesn't make nay sense to just write the predictions.

GL
  • #207
  • Apr 17, 2009 10:11am Apr 17, 2009 10:11am
Hello Shaun,I followed your call,and the result are awesome.The winning ratio cum risk to reward is good.Congrats on your success so far in getting a profitable and reliable system,cos its not that easy at times.
Shaun,pls i wouldnt mind how you will help us attain that level of success,by giving us the clue,or links that we can work on.
A millon pips thanks.
  • #208
  • Apr 17, 2009 10:16am Apr 17, 2009 10:16am
i'll sell EUR/USD at 1.3051 sl 20 pips..target 24 pips..valid for 60 minutes
  • #209
  • Apr 17, 2009 12:42pm Apr 17, 2009 12:42pm
So shaun140, what's the update on your recent position?
  • #210
  • Apr 17, 2009 1:30pm Apr 17, 2009 1:30pm
Quoting shaun140
i'll sell EUR/USD at 1.3051 sl 20 pips..target 24 pips..valid for 60 minutes
didn't reach 1.3051 in time
  • #211
  • Apr 17, 2009 1:35pm Apr 17, 2009 1:35pm
Are you in an hourly chart by any chance? If not which time frame r u using?
  • #212
  • Edited 2:05pm Apr 17, 2009 1:51pm | Edited 2:05pm
Quoting shaun140
didn't reach 1.3051 in time
i know it may have reached 1.3051 in some charts but in my chart the highest price was 1.3050
so it met the target in some charts..but not for me
  • #213
  • Apr 17, 2009 2:12pm Apr 17, 2009 2:12pm
and what time frame would that be?
  • #214
  • Apr 17, 2009 2:18pm Apr 17, 2009 2:18pm
Quoting Papillon9
and what time frame would that be?
5 min
  • #215
  • Apr 17, 2009 2:19pm Apr 17, 2009 2:19pm
cool, me too I was actually comparing my trades with yours and was wondering if you were on the same time frame.
  • #216
  • Apr 17, 2009 10:44pm Apr 17, 2009 10:44pm
Quoting Horn
Hi Shaun,
I am extrmely impressed with your forecasts and have been following it. If you are not using any indicators but on just watching the price, perhaps you will be kind enough to give us some tips on what to look for.

Thanks and hopefully you will continue to post your forecast
Thank you Horn for your words
i just trade the European and US sessions,i try to find the short-term trend,try to pick some pips before the trend reverses
forex market is so unexpectable, for example many people may make 500 pips a week but in the other week they may lose 600 pips!!! in my opnion making REGULAR few pips is much better..if you can be on the positive side every month,you may make a fortune..even if you can gurantee few pips profit weekly,you may set your pip's value higher so you get much money..it's a matter of regular profit monthly....to be on the positive side EVERY month..this is what i'm trying and targeting
  • #217
  • Apr 18, 2009 5:09am Apr 18, 2009 5:09am
Quoting billflet
Yup, you're the man. I admire your integrity. A couple days ago you called a Euro short that quickly went to within 2 pips of your target, then reversed. It would have been easy to call that a win but you didn't.

Second thing I'm impressed with: Usually price takes off within a few minutes of your posted calls. You've a good sense of rhythm and momentum.

All the best
Bill
THANKS billflet for your nice words!
  • #218
  • Apr 18, 2009 9:00pm Apr 18, 2009 9:00pm
Quoting shaun140
Thank you Horn for your words
i just trade the European and US sessions,i try to find the short-term trend,try to pick some pips before the trend reverses
forex market is so unexpectable, for example many people may make 500 pips a week but in the other week they may lose 600 pips!!! in my opnion making REGULAR few pips is much better..if you can be on the positive side every month,you may make a fortune..even if you can gurantee few pips profit weekly,you may set your pip's value higher so you get much money..it's a matter of regular profit monthly....to...
Shaun,
Totally agree with you. I am new to forex and I am sure not many can place an order and then dont look at it. It takes a long time to develop this ability.
I am currently trying to do something similar like you by watching the PA and S/R to catch the short term trend. However for eg during the retracement I have been SL a few times when I went in too early. Any advice for me to determine when to know the retracement has been completed.

Many thanks once again
  • #219
  • Apr 19, 2009 12:20pm Apr 19, 2009 12:20pm
Quoting davidjellyma
Thanks for your reply Shaun. It is appreciated even if it does not really pass any absolute info. I will continue to follow you and try to see if I can "see" the price action you are seeing. I agree about scalping being less stressful provided that you have a good money management system which you adhere to. My biggest difficulty is emotion, I tend to get out of good trades too soon and bad trades too late so I really need to establish s/l and t/p when I place a trade and then leave it alone. I believe that you said earlier that you use 5 min...
thank you davidjellyma for your nice words,i'm using 5 min charts..yess i care about the S and R whenver i'm trading (s/l , t/p)
  • #220
  • Apr 19, 2009 5:44pm Apr 19, 2009 5:44pm
starting from 4-20-2009 i'll be trying 2 methods to apply my system.
the first method will be so conservative,less risk,less expected profit
the second method with more risk and more expected profit
after 2-4 weeks i'll calcuate p/l for each to see which one is working the most
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