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Popee83 System

  • #341
  • Edited 12:47pm Jun 12, 2009 11:11am | Edited 12:47pm
Reading the method again, it looks like the price has pause, the red dot appear so now we exited. We wait for the next SHI or Zig Zag before re-entering in the direction of the COG.

Just reminding myself.

Edit. The next SHI has appear so should reenter long, but trying to figure out this now "Carefully respect x_fibo nodes while at it"

I scalped another 10 pips after the SHI appear. No more trading now and call it a week as my time is way pass 1am now.
  • #342
  • Jun 12, 2009 11:12am Jun 12, 2009 11:12am
Quoting ams
what the hell is happening..this mystery is...yesterday it was confirmed uptrend, confusion arrived when today UK guys sold there positions in the US (cashed all the pounds/euro and dollar was up), now US chaps buying positions in the UK (selling dollar buying europe stocks). Hence dow going down no more investments in US!!!

Noted there ams .... and thanks for the info ...

Halted stocks at NYSE to re-open in 2 min ... careful now ... am out ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #343
  • Jun 12, 2009 12:36pm Jun 12, 2009 12:36pm
Seems not able to break into +ve territory ... ..
But .. watching still ..:nerd:
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #344
  • Jun 12, 2009 1:35pm Jun 12, 2009 1:35pm
Quoting Popee83
Seems not able to break into +ve territory ... ..
But .. watching still ..:nerd:
The top flip seems to have lost steam .... DJIA didn't last in positive territory .... People have opted to take profits instead ......
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #345
  • Jun 12, 2009 1:43pm Jun 12, 2009 1:43pm
Quoting Popee83
The top flip seems to have lost steam .... DJIA didn't last in positive territory .... People have opted to take profits instead ......

Folks ... signs of green shots .. wouldn't call it yet .. could be a bluff ... Not trading..... i hate roll-overs ... FRIDAYS ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #346
  • Jun 12, 2009 1:44pm Jun 12, 2009 1:44pm
Popee,

Take a look at the Asctrend that I posted when you get some time. It is earlier than Sidus, but also indicates all the retracements and trend continuations as well. Maybe useful if used in combination with Sidus. Let me know.
  • #347
  • Jun 12, 2009 3:09pm Jun 12, 2009 3:09pm
Been watching ... ... the whole week seems the DJIA was flat ...

Lets then look forward to Monday .. new traders should seize the weekend opportunity to research the thread .. ask questions and even so .... Research and try to understand the DJIA and DAX as well as FTSE ...

With DJIA flat .... only good news is a positive close ... However ... DAX closed -ve ..


So .. nice weekend ... was nice week for scalps ... Take care

Rgs,
Popee83
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #348
  • Jun 12, 2009 3:29pm Jun 12, 2009 3:29pm
Hello Popee and othre felow traders,

Sneaking online just long enough to see what's been going on today. Popee, what was the high and low for today's trading, EUR/USD?

Thanks,
Ed
Up or down, gimme a ticket
  • #349
  • Jun 12, 2009 3:49pm Jun 12, 2009 3:49pm
EU: Had 12-06-09

High: 1.4128 Low: 1.3935 ....

GU:

High: 1.6597 Low: 1.6329 ...... USING FXDD quotes ...

Got in late today ... didn't make much .. just two up flip scalps on GU and EU .. ... Anyway ... their is still another day ... ..
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #350
  • Jun 12, 2009 4:24pm Jun 12, 2009 4:24pm
To the whole house ..

Pls make sure you read Stock market Analysis ... during the weekend ...

http://daytradingstockblog.blogspot....2_archive.html
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #351
  • Jun 13, 2009 5:38am Jun 13, 2009 5:38am
FOOD FOR THOUGHT ....... .... WILL WE BREAK THROUGH THE TROUGH ....

Attached Image (click to enlarge)
Click to Enlarge Name: Djia.gif Size: 20 KB


We all hang in there ... may take a couple of weeks though ... but we pray for the upside ... should we go down (like Jan 09) .... the consequences are way too grave .... all we lack as you can see is volumes .... lets watch out for volumes ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #352
  • Jun 13, 2009 6:15am Jun 13, 2009 6:15am
DAX:

Attached Image (click to enlarge)
Click to Enlarge Name: Dax.gif Size: 10 KB


FTSE 100:

Attached Image (click to enlarge)
Click to Enlarge Name: ftse 100.gif Size: 10 KB


Notice similarities ... DJIA, DAX and FTSE 100 charts at cross - roads ... Prayer my friends ... we don't need to go south ... Let has hang in their ....
We need to break out of this R zones .... We cant afford a Southern dip folks ..... still doing research ....

AOB:
If you are playing EU - watch for DAx and DJIA always like a hawk ...:nerd: ..

If you play GU - watch out FTSE 100, DJIA as well as DAX ....:nerd:

The session you are playing should guide in selection ... during session cross-overs .. new traders are advised to take a breather ... and wait for one to end ... then get in on the other ... at least 30 min later ... ..

Let us keep on doing research ... Most analysts saying that the fundamentals don't support this rally much .. hence the less volumes and many big players opt to wait and see .... But I still hold to the historic fact that .. BULL MARKETS WAIT FOR NO ONE .. THE REST WILL PLAY CATCH UP AND PUSH THEM EVEN HIGHER ... ... I guess we wait and see ... lol

Hopefully I will be posting advanced traders rules this weekend ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #353
  • Jun 13, 2009 8:16am Jun 13, 2009 8:16am
IMPORTANT .... EU UPDATE:

Been looking at the H4 charts to find any ...'tell.. tell' ... signs for next weeks trading ....

This baby has taken a good dip during last week, but this dip cannot be yet
termed as reversal of upward trend. This downward move will be seen as a
retracement dip towards an important S level at around the 1.3836 area ... and EU might resume its upward trend from that level. In case EU manages to break below the critical 1.3836 region , then we will be looking at 1.3525 next ...

Attached Image (click to enlarge)
Click to Enlarge Name: eu support-h4.gif Size: 33 KB
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #354
  • Jun 13, 2009 8:19am Jun 13, 2009 8:19am
Note the S zones ..... and monitor DAX and DJIA to confirm whether we will be headed south .... ... I suppose headed to the lower green arm of COG on H4 ... looking at Katy ... seems a promising call ... not just speculation ...

Attached Image (click to enlarge)
Click to Enlarge Name: eu support-h4.gif Size: 31 KB
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #355
  • Edited 12:38pm Jun 13, 2009 12:26pm | Edited 12:38pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good you posted these charts..I always watch them for direction and you have also noticed similarities, imagine all these guys work in harmony still they lost money, ha! They survive on each other (animal spirit).

Traders never reveal their secret and following indexes is the main secret. Things happen there first and poor currency traders loose money thinking what happened while following indicators etc. No one understands the basic theory. There are millions of indicators but they are based on one thing only i.e. price, and price is decided by the market when buying/selling equities, bonds, gilts, swaps etc between countries. Following only indicators is like trading naked without a guard. People do trade long term but they have the money to tolerate drawdowns. I have a friend who has made 100k in 6 months from just 20k capital by trading forex because he can take the risk.

I wish we head towards north but chart is telling us we are heading south...I hate this.

Anyways, this will not be a drastic downturn we are looking at 1-2 months of selling with some buying as well, so choppy markets or sideway trends.

I got to know from a friend of mine in a major IB that most profitable traders go on holidays from june-august (lucky them) and it's a high time for US to raise IR as dollar keeps falling and there might be a decision in august - september on IR although markets want it sooner.

There will be lot of volatility june onwards making no sense of technical indicators etc, and august will be the deadliest as "rich" traders start coming back and correcting there portfolios.




ams




Quoting Popee83
FOOD FOR THOUGHT ....... .... WILL WE BREAK THROUGH THE TROUGH ....

Attachment

We all hang in there ... may take a couple of weeks though ... but we pray for the upside ... should we go down (like Jan 09) .... the consequences are way too grave .... all we lack as you can see is volumes .... lets watch out for volumes ...
  • #356
  • Jun 13, 2009 1:44pm Jun 13, 2009 1:44pm
I really appreciate the info AMS and POP is putting down and listening intently. Ive been trading now since NOV 08. I would like to learn more on how the indexes manipulate the forex market, up until now I paid no attention to it. I really do belive that sucess is in the company you keep, With that said I hope the thread continues on in this type of instruction. If you are around something long enough you will eventually learn it. Please keep posting those informative comments, or if you know of a link which we can all can visit which explains the relationship of the indexes in detail, please feel free to post. Thanks and enjoy the rest of the weekend.
  • #357
  • Jun 13, 2009 2:22pm Jun 13, 2009 2:22pm
Quoting ams
Good you posted these charts..I always watch them for direction and you have also noticed similarities, imagine all these guys work in harmony still they lost money, ha! They survive on each other (animal spirit).

Traders never reveal their secret and following indexes is the main secret. Things happen there first and poor currency traders loose money thinking what happened while following indicators etc. No one understands the basic theory. There are millions of indicators but they are based on one thing only i.e. price, and price is decided by...

Nice you posted this ams.... .... Today I have been away for the better part of the day and every part of body is now hurting ... my girlfriend has been taking me to salsa lessons ... and they drain all my energy ... ... Anyway .. in relationships i guess compromise is inevitable ... ..

Today ... wont be posting much .. really tired and need good sleep... hope ams and tracom post any findings from research .....

Ps ... all should carefully consider ams suggestion here ... and consider the facts as to why 95% of TRADERS LOOSE MONEY .... hope we all can see very low volumes on the DJIA ... so we trade carefully next week ...

Tracom .... In deed success is dependent on the company you keep ... ...

So guyz let's keep up the good work and soon we will be all upto speed and very much into pips and lots of green ...

Going to sleep now ....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #358
  • Jun 13, 2009 3:05pm Jun 13, 2009 3:05pm
Quoting Popee83
EU: Had 12-06-09

High: 1.4128 Low: 1.3935 ....

GU:

High: 1.6597 Low: 1.6329 ...... USING FXDD quotes ...

Got in late today ... didn't make much .. just two up flip scalps on GU and EU .. ... Anyway ... their is still another day ... ..

Thanks Pop. Hope you're having a good weekend.
Up or down, gimme a ticket
  • #359
  • Edited 3:36am Jun 14, 2009 3:24am | Edited 3:36am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You are right Tracom, in this trade company matters a lot, and for the charts,links and everything else I think popee has done all the hardwork of putting them down already.

I will try to pitch in whenever I can being in a full time job it becomes difficult somtimes. Although you are now in a position to judge the market easily by following links posted by popee and ofcourse he is there for all the technicals....just look at katy for direction.

All you have to do is try and judge the direction trade is going in, and only buy or sell when the retrace happens.

Popee also mentioned this several times, never trade against the trend. I could see the downtrend continuing on friday hence I was riding the "short wave" and had a good day until I foolishly decided to trade when dow was "alone" and lost some as my broker kept coming for my SL until I closed it in a loss :-) I always buy 3 full 100k lots so it's worth enough for broker to chase it.

So there you go, not only forex, indexes, you have to keep an eye on the broker as well if you are worth enough for a chase. Specially when it's a "big name" broker who has the power to manipulate the market when there isn't much going around. All it takes for them is buy/sell few lots against you.

Remember one rule, house never loose. Why?
If they bought/sold few lots to take your money they have the capacity to hold drawdowns to buy/sell later and make money on them.

That is why I suggest to always trade(scalp) when atleast two is online dax,ftse and dow come later. Trade until 1630 uk time. Do not trade when these two are gone.


I get insight into the market through some of my connections in the UK IB's but that's only normal info accessible to hundreds of traders and which makes you plan trades (scalping or long term) carefully nothing else.



ams




Quoting tracom
I really appreciate the info AMS and POP is putting down and listening intently. Ive been trading now since NOV 08. I would like to learn more on how the indexes manipulate the forex market, up until now I paid no attention to it. I really do belive that sucess is in the company you keep, With that said I hope the thread continues on in this type of instruction. If you are around something long enough you will eventually learn it. Please keep posting those informative comments, or if you know of a link which we can all can visit which explains the...
  • #360
  • Jun 14, 2009 3:34am Jun 14, 2009 3:34am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Sure dude, you have to enjoy. Money is imp but life is more imp.

Like watching indicators based on price we tend to forget one thing, money is for living life only and the way you live your life is going to decide what you will become.

Most of the traders I know are not the very happiest people. The only thing which gives them a kick is adreneline rush when they are on their seats trading. Apart from this they are miserable people, don't know what to talk when they are at gatherings. They can only flash money which attracts the wrong crowd :-)

I have a wife and a 2 yr old so I have to take some of their time for trading but I make it up to them whenever I am with them.

ams



Quoting Popee83
Nice you posted this ams.... .... Today I have been away for the better part of the day and every part of body is now hurting ... my girlfriend has been taking me to salsa lessons ... and they drain all my energy ... ......
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