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  • #101,241
  • May 26, 2009 11:53pm May 26, 2009 11:53pm
.. at 1.3956!
Good Trading. (keep it simple).
  • #101,242
  • May 26, 2009 11:53pm May 26, 2009 11:53pm
Quoting The Fool
A tight (<25 pips) sl is a recipe for failure in these PA conditions

Maybe but (IMHO) if your trade location is correct then a 25 pip SL is more than enough.
  • #101,243
  • May 26, 2009 11:54pm May 26, 2009 11:54pm
Quoting PipFisher
Hey guys and gals;
I'm new here... Actually, I've been watching the thread for about 2 days and made a few pips following you guys advices. Hope we can share some ideas and make profit together.

Notch - I like your numbers... 100% accurate!
Welcome.
  • #101,244
  • May 27, 2009 12:00am May 27, 2009 12:00am
Quoting notch
Maybe but (IMHO) if your trade location is correct then a 25 pip SL is more than enough.
In my vast experience (3+ weeks now) of live trading I have not had a sl hit. I used to not use them at all. (Account cut in half, important & memorable lesson.) Now, when I am scalping I put on a 20pip sl but my finger is on the trigger and I close losers b4 that ever gets hit. Longer term trades I put on a sl relative to the tf, but usually no more than 50 pips. (Long term for me might be 4hr tf based...)

Closing losing trades, letting sl's get hit - these are hard lessons I am still learning...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #101,245
  • May 27, 2009 12:03am May 27, 2009 12:03am
Quoting Galatasaray
good that you jumped out of the train
its at 1.3957 now.
1.3935 was very important. i am glad u took ur profit right about there.

yees thanks god
i wont be greedy
i already took my profit
thnx man
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #101,246
  • May 27, 2009 12:05am May 27, 2009 12:05am
If the Pivot line does not succeed in holding the price below, about 3985 or safer 4000's long to at least R1.

On the other hand, if the Pivot line succeeds to hold the price below I'd short about S1 and TP at S2 (probably tomorrow).

This will be my daily play.
  • #101,247
  • May 27, 2009 12:07am May 27, 2009 12:07am
Quoting PipFisher
Hey guys and gals;
I'm new here... Actually, I've been watching the thread for about 2 days and made a few pips following you guys advices. Hope we can share some ideas and make profit together.

Notch - I like your numbers... 100% accurate!
You've been watching for 2 days and made a few pips following advice on this forum?
Hmmmm very weird. Usually following advice on this forum leads to big losses.
You must have been very lucky.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #101,248
  • May 27, 2009 12:13am May 27, 2009 12:13am
Quoting KillerWhale
You've been watching for 2 days and made a few pips following advice on this forum?
Hmmmm very weird. Usually following advice on this forum leads to big losses.
You must have been very lucky.
I wish I could be "luckier"!
  • #101,249
  • May 27, 2009 12:17am May 27, 2009 12:17am
Quoting PipFisher
I wish I could be "luckier"!
Just do the opposite!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #101,250
  • May 27, 2009 12:19am May 27, 2009 12:19am
Quoting notch
Good morning trading brothers and sisters!

4 Hour forecast (this is one hour old - 6am-10am gmt - due to the need for sleep)

PH: 1.4001
PL: 1.3939
HI Notch
i am new trader .learning to trade so from couple of days been reading this forum. Interestingly your 4 hour forecast is always right. can i ask what indicator u use to predict (If u dont mind...)


  • #101,251
  • May 27, 2009 12:20am May 27, 2009 12:20am
good morning at all...
hi Notch,sleeped well?
ready to another trading-fight?
i've started the day with 40 pips of the sell opened tonight,let's see the market how many pips want to give us today!
  • #101,252
  • May 27, 2009 12:21am May 27, 2009 12:21am
can i have some opinions on 1.4000

my call is to short around this region for longer play.

my opinion is 1.4000 will not be truely broken since the crsis is not over. and 1.3000 is a possibility.

please enlighten me with your tech or fund. analysis
  • #101,253
  • May 27, 2009 12:26am May 27, 2009 12:26am
Quoting sedakensearc
HI Notch
i am new trader .learning to trade so from couple of days been reading this forum. Interestingly your 4 hour forecast is always right. can i ask what indicator u use to predict (If u dont mind...)



I simply use a Neural network. There are plenty available free of charge. Go find one and experiment.
  • #101,254
  • May 27, 2009 12:26am May 27, 2009 12:26am
to be honest with you if the pair closes above 1.3990 by 09:00 GMT than i will most probably longing the pair until 1.4055-60. If we cant see a close around 1.3990, than perhaps a short.
The pair is still inside a channel line at 1H.
  • #101,255
  • May 27, 2009 12:27am May 27, 2009 12:27am
Quoting trading801
can i have some opinions on 1.4000

my call is to short around this region for longer play.

my opinion is 1.4000 will not be truely broken since the crsis is not over. and 1.3000 is a possibility.

please enlighten me with your tech or fund. analysis
Which crisis was that, hard to keep up with em y'know? North Korea saber-rattling?

Whatever it is, it ain't enough to keep the live stocks and stock futures down, for now, anyway. Oil inching up, too.

I am long from .3942 and holding. I would not bet against a break through .400.

Hey, but what do I know...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #101,256
  • May 27, 2009 12:28am May 27, 2009 12:28am
Quoting forexer83
good morning at all...
hi Notch,sleeped well?
ready to another trading-fight?
i've started the day with 40 pips of the sell opened tonight,let's see the market how many pips want to give us today!

Hi F83,
I'm ready to kick the dealer's butt today. I'm already up 30 pips and intend to do damage today. Good trading!
  • #101,257
  • May 27, 2009 12:30am May 27, 2009 12:30am
Quoting trading801
can i have some opinions on 1.4000

my call is to short around this region for longer play.

my opinion is 1.4000 will not be truely broken since the crsis is not over. and 1.3000 is a possibility.

please enlighten me with your tech or fund. analysis

Well I'm Bearish overall and I expect 1.3997 to be the high of the day. HOWEVER, I am a robot of my system so will do whatever it signals and right now it is poised to go long.


I have gone long.
  • #101,258
  • May 27, 2009 12:36am May 27, 2009 12:36am
Quoting sedakensearc
HI Notch
i am new trader .learning to trade so from couple of days been reading this forum. Interestingly your 4 hour forecast is always right. can i ask what indicator u use to predict (If u dont mind...)



Further, my forecasts are just that (FORECASTS).

A two day run of fortune is not statistically significant.

I post the forecasts so that the experienced trader can get an additional confirmation indicator from the myriad they have already.

Make sure you have your own indicators and levels of S/R.

Do not rely on the forecasts that I post just see them as the opinion of one of the many traders in this thread.
  • #101,259
  • May 27, 2009 12:42am May 27, 2009 12:42am
Quoting notch
Well I'm Bearish overall and I expect 1.3997 to be the high of the day. HOWEVER, I am a robot of my system so will do whatever it signals and right now it is poised to go long.


I have gone long.

and i will wait the next bearish wave that aprooved with my
system , then i will ride
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #101,260
  • May 27, 2009 12:44am May 27, 2009 12:44am
Quoting Jasper
.. at 1.3956!
Closed out at 1.3971. Now looking for a short.
Good Trading. (keep it simple).
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