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  • #100,581
  • May 25, 2009 11:12pm May 25, 2009 11:12pm
Quoting FXexpress
That line I drew was off of 2 short tops. Usually like to have 3 points. We are on the right track, anyway....Right? LOL

MK
That bounce could be more important than you ever expected.
It might clear the way down to 1.3740
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  • #100,582
  • May 25, 2009 11:14pm May 25, 2009 11:14pm
I don't think it will go that far, but you never know. If it does it will trigger all my Buy limits, and that would be great.

MK



Quoting KillerWhale
That bounce could be more important than you ever expected.
It might clear the way down to 1.3740
  • #100,583
  • May 25, 2009 11:23pm May 25, 2009 11:23pm
Quoting FXexpress
I don't think it will go that far, but you never know. If it does it will trigger all my Buy limits, and that would be great.

MK
Here is why, it caused that the Gan Hilo did not flip back from bearish to bullish. And if you look at Gann 4 hour longer time, you will see that the switch to bearish is very important.
So now we have bearish Gann, Momentum and QQE for the 2nd 4 hour bar.

Just look at this chart from April 9th through today. You'll notice that if the Gann flips, the chance for a big move is real.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 05-25 4h2.gif Size: 31 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #100,584
  • May 25, 2009 11:24pm May 25, 2009 11:24pm
Quoting bablo
Go with what works. I never talk about MM because it would make most of the people here have a stroke.

Simply put each month I start with 10K. worst month on record only lasted for 3 trading days. 27 days no trades. The next month more than made up my disaster.

PS: Disaster was playing GBPJPY. That sucker can make some wild moves.
All you have to do is to find a trendy pair. Stay away from consolidation times. Rest is pure mathematics and nerves. Its as simple as that. Whoever made money in this market, basically did the same, with a different style
The Thief of Wall Street
  • #100,585
  • May 25, 2009 11:32pm May 25, 2009 11:32pm
Quoting Chicky
All you have to do is to find a trendy pair. Stay away from consolidation times. Rest is pure mathematics and nerves. Its as simple as that. Whoever made money in this market, basically did the same, with a different style
Chicky, with the new lows every day, you must have had good profits from your trading system?
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  • #100,586
  • May 25, 2009 11:33pm May 25, 2009 11:33pm
You can create it with metatrader

MK

Quoting shleimun
Thank you very much. I'll see if I can find it online. Thanks again.
  • #100,587
  • Edited May 26, 2009 12:31am May 25, 2009 11:34pm | Edited May 26, 2009 12:31am
My build up long 1st half & shorts 2nd half all in the same time yesterday luckily ended with profit due to sidway & indecision of PA.All closed . It is still well preserved the bullish mode just become a much bigger format, now the leg D though can be taken as finish if in very hurry but seem not & so to finish at much lower point below 1.3940 ,expected min 1.3923 to down , may expect 1.3878 to 1.3771.

so I am shorting few if it go there before london & any bull waiting at that time or any other good news .

fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu74.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #100,588
  • May 25, 2009 11:39pm May 25, 2009 11:39pm
All I know is 740 is the 50% Fib off the last 4 Hr move. I will take your word about the Gann as I know not so much about it. Thanks for the input, it looks pretty cool.

MK



Quoting KillerWhale
Here is why, it caused that the Gan Hilo did not flip back from bearish to bullish. And if you look at Gann 4 hour longer time, you will see that the switch to bearish is very important.
So now we have bearish Gann, Momentum and QQE for the 2nd 4 hour bar.

Just look at this chart from April 9th through today. You'll notice that if the Gann flips, the chance for a big move is real.
  • #100,589
  • May 25, 2009 11:41pm May 25, 2009 11:41pm
going to prob hit top of this channel. but i expect in the next 6-12 hours, 24 max we will be up from here.
  • #100,590
  • May 25, 2009 11:42pm May 25, 2009 11:42pm
Quoting KillerWhale
Chicky, with the new lows every day, you must have had good profits from your trading system?
Not really. I make about 1 to 1.5% a month. It was only begining of this month, I made about 5%. All reinvested back on a new bet. Had to put 1% good money to insure 5% bad money. Willing to put up to 29% more to protect that 5%. So far 4.5% book loss. If it turns to profit will be 10% for the month. But this will be an unusual month. If a pair picks trend in my favor, I normally achieve 3 to 4 wins out of 10. If it goes against me 9 wins out of 10 - but these counter trend trades are very very high risk. Presently working to eliminate such trades from my method. Still not successful. But sooner or later will find a solution.
The Thief of Wall Street
  • #100,591
  • May 25, 2009 11:45pm May 25, 2009 11:45pm
Quoting FXexpress
All I know is 740 is the 50% Fib off the last 4 Hr move. I will take your word about the Gann as I know not so much about it. Thanks for the input, it looks pretty cool.

MK
It looks like an ascending wedge is forming. If so, it looks like we could see 3740.
Attached Image (click to enlarge)
Click to Enlarge Name: 0525-4hr.gif Size: 24 KB
  • #100,592
  • May 25, 2009 11:55pm May 25, 2009 11:55pm
Quoting bagoomba
It looks like an ascending wedge is forming. If so, it looks like we could see 3740.
ascending? .3740? Did you mean .4740? Am I asking too many questions? Hehehe
  • #100,593
  • May 26, 2009 12:05am May 26, 2009 12:05am
Quoting 2+2=4ex
ascending? .3740? Did you mean .4740? Am I asking too many questions? Hehehe
No, that's what I get for being too brief.

An ascending wedge is typically bearish in the end. But you're right, it will go higher.... maybe much higher, depending on how far it plays out, before it starts back down. 47xxx, probably not. But could be in the 4050 to 4100 range. My guess (not a prediction) is that there's one more up move to the resistance before it's final move down through the support.

Better?
  • #100,594
  • May 26, 2009 12:08am May 26, 2009 12:08am
Well, all, I'm out for the night.

Started the day with 9 winning trades and 1 loser totalling 30 pips. Managed to throw that away and more with two more trades and have inched myself back into the black by a whopping 35 cents for the day.

Hoping to at least double that tomorrow.
  • #100,595
  • May 26, 2009 12:14am May 26, 2009 12:14am
Quoting bagoomba
Well, all, I'm out for the night.

Started the day with 9 winning trades and 1 loser totalling 30 pips. Managed to throw that away and more with two more trades and have inched myself back into the black by a whopping 35 cents for the day.

Hoping to at least double that tomorrow.
See, this is the only issue me too face, month after month. The bottom line is black but does not give us our time's worth. And if someday it topples on the other side ..........

Hope that day never comes.
The Thief of Wall Street
  • #100,596
  • May 26, 2009 12:18am May 26, 2009 12:18am
Quoting bagoomba
No, that's what I get for being too brief.

An ascending wedge is typically bearish in the end. But you're right, it will go higher.... maybe much higher, depending on how far it plays out, before it starts back down. 47xxx, probably not. But could be in the 4050 to 4100 range. My guess (not a prediction) is that there's one more up move to the resistance before it's final move down through the support.

Better?
Nice way to end it...with a question!! I'm good at asking those. As for the wedge, I see what you're saying. Up to the peak and then down. I guess I ought to get my buy order in now!!
  • #100,597
  • May 26, 2009 12:25am May 26, 2009 12:25am
Quoting Chicky
Not really. I make about 1 to 1.5% a month. It was only begining of this month, I made about 5%. All reinvested back on a new bet. Had to put 1% good money to insure 5% bad money. Willing to put up to 29% more to protect that 5%. So far 4.5% book loss. If it turns to profit will be 10% for the month. But this will be an unusual month. If a pair picks trend in my favor, I normally achieve 3 to 4 wins out of 10. If it goes against me 9 wins out of 10 - but these counter trend trades are very very high risk. Presently working to eliminate such trades...
Never thought of totally changing from system?
With all the time I spend on this I couldn't cope with 1-1.5%.
Since Friday I was 1% up, 2% down, then 2% up, 2% down, yesterday I was 3% up and today I was 4% up at the low at 1.3945. Its all the same trade and the reason why I have not collected is that I strongly believe we are on the way to 1.3900 and lower. So I'm adding shorts at the tops.
At 1.3900 I will be 7% up and if my goal is reached at 1.3740 it will be over 16%, and I really hope to reach that this week.
But I must say this is the first time I just don't take my profit and wait for more.
lets see how it works out. It's a big experiment for me.

The short I added a few hours ago at 1.2018, I had a s/l at 6 pips, and now it is 36 pips in profit. s/l now 1.2015.

Shamu
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  • #100,598
  • May 26, 2009 12:28am May 26, 2009 12:28am
Quoting bagoomba
No, that's what I get for being too brief.

An ascending wedge is typically bearish in the end. But you're right, it will go higher.... maybe much higher, depending on how far it plays out, before it starts back down. 47xxx, probably not. But could be in the 4050 to 4100 range. My guess (not a prediction) is that there's one more up move to the resistance before it's final move down through the support.

Better?
I would like to ask you, with your 1-3 years trading experience, where do you see any signs of an up move?
Please post a chart and explain.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #100,599
  • May 26, 2009 12:38am May 26, 2009 12:38am
Quoting KillerWhale
Never thought of totally changing from system?
With all the time I spend on this I couldn't cope with 1-1.5%.
Since Friday I was 1% up, 2% down, then 2% up, 2% down, yesterday I was 3% up and today I was 4% up at the low at 1.3945. Its all the same trade and the reason why I have not collected is that I strongly believe we are on the way to 1.3900 and lower. So I'm adding shorts at the tops.
At 1.3900 I will be 7% up and if my goal is reached at 1.3740 it will be over 16%, and I really hope to reach that this week.
But I must say this is the first...
Shamu, Thanks for sharing your trade results. I now have something compare to.
The Thief of Wall Street
  • #100,600
  • May 26, 2009 12:41am May 26, 2009 12:41am
Quoting KillerWhale
I would like to ask you, with your 1-3 years trading experience, where do you see any signs of an up move?
Please post a chart and explain.
I think he said he was signing off, so I'll reply on his behalf... http://www.forexfactory.com/showpost...stcount=100616

This was the chart he posted earlier with the ascending triangle.
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