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Popee83 System

  • #521
  • Jun 19, 2009 11:19am Jun 19, 2009 11:19am
I took a shower and came back to see EU has shot up and took out both 0.382 and 0.628 m-fibo in one move.

I am curious how other is trading the retracement of such move. Do you take the retracement trade or you sit out and wait for the signal (like I do).
  • #522
  • Jun 19, 2009 11:38am Jun 19, 2009 11:38am
Quoting DOVOFreak
I took a shower and came back to see EU has shot up and took out both 0.382 and 0.628 m-fibo in one move.

I am curious how other is trading the retracement of such move. Do you take the retracement trade or you sit out and wait for the signal (like I do).

EU still is above the bench point of 1.3826 ... so I would be careful taking on any retracements for now ... the only safe ones are when both Asctrend and Sidus point south together ... but carefully though ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #523
  • Jun 19, 2009 11:52am Jun 19, 2009 11:52am
Joblessness Continued to Rise In May In Nearly Every State ...

Signs that unemployment pains may be easing in individual US states in April disappeared by May, when jobless rates jumped in 48 states andthe District of Columbia, according to data released on Friday.


Michigan again reported the highest jobless rate of 14.1 percent, followed by Oregon, which notched 12.4 percent, its highest on record, the U.S. Labor Department said.



Not only did Michigan hold the highest spot in terms of unemployment, a position it has had since October, but the state also experienced the largest monthly increase in its rate as two American auto be he moths—General Motors and Chrysler—struggled.


Michigan has had an unemployment rate of 7.0 percent or higher since April 2007, and broke past 9.0 percent in December. .......
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #524
  • Jun 19, 2009 12:04pm Jun 19, 2009 12:04pm
Quoting DOVOFreak
I took a shower and came back to see EU has shot up and took out both 0.382 and 0.628 m-fibo in one move.

I am curious how other is trading the retracement of such move. Do you take the retracement trade or you sit out and wait for the signal (like I do).
Just a heads up ... When things are too tight .... you could try scalping m1 Tf bur with very tight TP of about 10-15 pips max... scalp the COG direction only .... ..

I have observed of late .. the sideway trading may be monotonous ... Am not trading on MB ... using WIFI in hotel room and I don't trust it much ... lol
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #525
  • Jun 19, 2009 12:15pm Jun 19, 2009 12:15pm
Only to be done using Katy at the m1 Tf .. I had not told you that one yet ... but it is not for trading volatile conditions .... We only follow COG direction and best entries as usual .... when both sidus nd asctrend appear ..

NB: When any up flip occurs and PA breaches the level (candle's high) where the SIDUS arrow appeared .. the position should be closed at once ... take no risks ..

"I am convinced that He (God) does not play dice." - Albert Einstein
  • #526
  • Jun 19, 2009 12:39pm Jun 19, 2009 12:39pm
Quoting Popee83
Only to be done using Katy at the m1 Tf .. I had not told you that one yet ... but it is not for trading volatile conditions .... We only follow COG direction and best entries as usual .... when both sidus nd asctrend appear ..

NB: When any up flip occurs and PA breaches the level (candle's high) where the SIDUS arrow appeared .. the position should be closed at once ... take no risks ..

Thanx.

Switched over to 1m TF and indeed there are many scalping opportunities as long as sidus and Asctrend indicator appear close to each other.

Will watch out at 1m TF next time.

Challenge will be like GU now where the COG is visually flat.
  • #527
  • Jun 19, 2009 12:45pm Jun 19, 2009 12:45pm
Quoting DOVOFreak
Thanx.

Switched over to 1m TF and indeed there are many scalping opportunities as long as sidus and Asctrend indicator appear close to each other.

Will watch out at 1m TF next time.

Challenge will be like GU now where the COG is visually flat.
When COG arms start to become narrow(closer) they then become flat ... a change in trend at m1 is coming ... But new traders should take caution ... this Tf can cause lots of profits as well as lots of loses ...:nerd:
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #528
  • Jun 19, 2009 1:10pm Jun 19, 2009 1:10pm
I am so glad I found this thread. So much to learn and wonderful teachers here. Some of the things broached here, hearing them for the first time especially indices.
Have had a wonderful time trading Katy this week on the M15 TF. Though I am able to call the ranges, still confused about the percentiles. For instance today m-fibo (19th June) pivot was some where between .38 and .50. So was was it supposed to go south?
The COG has been of great help though because of my starting of with THV system, I also monitor the TRIX.
Thanks a lot Popee and everyone else that has been posting. Bill try to post more God willing from next week.

Popee,
I finally was able to synchronize MBT Navigator with FXDD. The prices tally unlike Alpari. Are the commissions charged twice on entering the trade and on exiting as I have been noting?
Mundu
  • #529
  • Jun 19, 2009 1:31pm Jun 19, 2009 1:31pm
Quoting mundu07
I am so glad I found this thread. So much to learn and wonderful teachers here. Some of the things broached here, hearing them for the first time especially indices.
Have had a wonderful time trading Katy this week on the M15 TF. Though I am able to call the ranges, still confused about the percentiles. For instance today m-fibo (19th June) pivot was some where between .38 and .50. So was was it supposed to go south?
The COG has been of great help though because of my starting of with THV system, I also monitor the TRIX.
Thanks a lot Popee and everyone...
Sure man .. MB charge even both a spread and a commission .. ... Not advisable for new traders ... consider FXSOL or FXDDTrader platforms ...

Please folks remember ... scalping m1 is very dangerous .. I do not vouch for it at all .. way too risky ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #530
  • Edited 2:53pm Jun 19, 2009 2:43pm | Edited 2:53pm
Came on guys .. You are giving up on me now .. while I am not giving up on you ..

Try this 2morrow on demo and see how it goes .....

1. determine your m-fibo's quadrants when they turn at the start of a new
day

2. Place two pending orders: buy stops, for EU and Cable at exactly the
strike price of the .382 m-fibo node to the north of pivot with a TP of 15
pips ...

3. Place two pending order: sell stops, for EU and cable at exactly the
strike price of the .382 m-fibo node to the south of pivot with TP of 15
pips ...

I do not use SL for this tricks since I trade 0.1 lots ..... But if you cannot withstand draw downs, use SL at 50 pips away ... from the strike place... All expiries for the pending orders at 24hrs ...

This is not a straddle trade folks .. so don't even think about modifying this trick into a straddle or butterfly spread ...

So, determine your m-fibos ... and just do the necessary ...

NB: Using this small trick requires discretion on your part .. for instance .. do not place the m-fibo template on the MT4 platform of your broker if you find it works for you, but instead use another broker for placing the charting and place the trades on your broker ... ...

It is mechanical .. but intelligently mechanical with lots of INSIGHT & DISCERNMENT ... .. The rationale behind m-fibo math is very sound than that for using naked fibo values .. .. Many hedge funds use the m-fibo calculation in determining entries ...

I supposed that someone could have seen that by now ... ..... .THIS TRICK STAYS HERE IN VEGAS CASINO ... DON'T LEAK IT OUT .. KNOW IT AND KEEP IT TO YOURSELF ...

Good luck 2morrow folks and someone else should post their fibo quadrants ..

Remember: WHAT HAPPENS IN VEGAS, STAYS IN VEGAS .. more tricks to come .. i.e to be continued ...:nerd:
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #531
  • Jun 19, 2009 3:22pm Jun 19, 2009 3:22pm
Quoting Popee83
Came on guys .. You are giving up on me now .. while I am not giving up on you ..

Try this 2morrow on demo and see how it goes .....
Hey Pop,

Thanks for the tip ...

What time zone you in, cos for me tomorrow is Saturday (GMT +2)

Will sure try next week.

Take care .....
  • #532
  • Jun 19, 2009 3:51pm Jun 19, 2009 3:51pm
Quoting macman
Hey Pop,

Thanks for the tip ...

What time zone you in, cos for me tomorrow is Saturday (GMT +2)

Will sure try next week.

Take care .....
Almost forgot 2morrow is Saturday .. sorry folks .. i meant try it next week ... Am based in Nairobi, Kenya (GMT+3) but now am in south Africa until Wednesday...

Hey Macman ... You are an experienced trader .. try stretch it a little bit .... and place your PO at 7 pips prior to the .382 nodes on either way to increase the returns ... ..

Nice weekend too .. and please contribute macman ... you know we need you here ...

Ams and Tracom, I believe have been busy ... hence I threw this trick for the kicks you know .. at least 30 pips out of the blue ... But I know you Macman ... I bet you will apply it on all your currency pools simultaneously ... ..
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #533
  • Jun 19, 2009 5:21pm Jun 19, 2009 5:21pm
They are fib channels and dinapoli template .. all free with your MT4 ..

Cable:

Attached Image (click to enlarge)
Click to Enlarge Name: cable_daily_dinapolli.gif Size: 31 KB



EU:

Attached Image (click to enlarge)
Click to Enlarge Name: eu_daily_dinapolli.gif Size: 31 KB



All the best folks ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #534
  • Jun 19, 2009 5:32pm Jun 19, 2009 5:32pm
Friday, June 19, 2009

Dow Jones Analysis 6/22/09 Stock Market Analysis



http://2.bp.blogspot.com/_Fo0hStLoAK...une22-2009.png


The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/22/09

DJIA Support & Resistance Levels - June 22, 2009

Resistance Levels: 8600, 8878, 9000

Support Levels: 8500, 8373, 8250

The Dow Jones fell on Friday but continues to hold the 8500 area on closing basis....this is key. When we start closing multiple days under this level I will be very concerned. Also, the 10 day moving average has been major resistance lately, keep an eye on it for the next trend. A close under the 50 day moving average would also be a sign of a break down. Right now, I am neutral on the stock market. ......

link:
http://daytradingstockblog.blogspot....ck-market.html
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #535
  • Jun 20, 2009 2:18am Jun 20, 2009 2:18am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hi Folks,

Could not pitch in on friday, usual story :-)

Anyhu, had a bizzare day on friday something doesn't seems right to me. Although I have seen a lot worse last year but I wasn't expecting currency to go up and down like ping pong balls as it did. Everyone gave hope on eu on thursday saying it hasn't crossed 1.40 and traders are reversing their bets. I had an open position throughout the night on thursday for cable and eu which I closed in loss (fear of self fullfiling prophecy, all traders will go short on eu) for eu, but in profit for cable so it was balanced. For some reason everything went up in the evening after uk markets were closed then suddenly all went down. I tell you this market is ruled by greedy gits sitting in the US when they are alone :-) It's definetly not a trend market anymore. If you have the dosh you can manipulate it whatever way you want.

The good thing is, i had a healthy balance sheet at the eod. Now I am very sure that long term trend is up but in the short term it will be bouncing up and down until july, and we should be careful when trading and only trade when all katy signals are in sync (15-30 min etc) for diffrent timeframes you guys use.


ams
  • #536
  • Jun 20, 2009 10:20am Jun 20, 2009 10:20am
Quoting ams
Hi Folks,

Could not pitch in on friday, usual story :-)

Anyhu, had a bizzare day on friday something doesn't seems right to me. Although I have seen a lot worse last year but I wasn't expecting currency to go up and down like ping pong balls as it did. Everyone gave hope on eu on thursday saying it hasn't crossed 1.40 and traders are reversing their bets. I had an open position throughout the night on thursday for cable and eu which I closed in loss (fear of self fullfiling prophecy, all traders will go short on eu) for eu, but in profit for cable...
Sorry about the losses on Friday man ... Last Friday was the pinnacle of options settlements in the US .... coupled by the Friday "Profit taking" fever ...

I posted a small mechanical scalp above .. not much pips but is not bad ... if possible ... you can monitor the trades ... and close them out manually ..

The reason the pending orders are placed both to the north and the south is due to the fact that PA could head any direction .... north or south .. but the .382m-fibo nodes are good measures for S&R ..

So try it folks alongside your scalping and see how it goes .. I try to post my m-fibo levels on a daily basis ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #537
  • Jun 21, 2009 12:27pm Jun 21, 2009 12:27pm
Quoting macman
Hey Pop,

Thanks for the tip ...

What time zone you in, cos for me tomorrow is Saturday (GMT +2)

Will sure try next week.

Take care .....
Hope all of us had a nice weekend .... So folks ... let us try the pending orders (PO) trades alongside the scalping ... We will need to post these results especially the .382 m-fibo PO with the 15 pips TP ...

Works much of the time if the POs are closely monitored with no SL in place and having a diversified pool of currency pairs to choose from ...

If you so wish ... You can place the PO about 7 pips prior to the .382 m-fibo nodes and place TPs at 15 pips the .382 m-fibo values ... It works even better if you will be personally monitoring the trades to close them out manually should anything go wrong ... .. If you have Mobile Windows cellphones, blackberry etc...

Moreover, if you trade a micro-lot account .. you can set about 5 currency pairs trades of about 0.03 lots simultaneously to maximize on gains and minimise on drawdowns...


So folks ... God luck 2morrow ... and let us all post these results please .....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #538
  • Jun 21, 2009 12:49pm Jun 21, 2009 12:49pm
Fed Meeting, Treasury Auction Will Dominate Market....

The Fed's mid-week meeting and a record $104 billion of Treasury auctions are the big hurdles for stocks in the week ahead.The week's economic data includes existing and new home sales data and durable goods, all important measures of the state of the economic recovery.http://media.cnbc.com/i/CNBC/Section..._lookup_02.jpg

CNBC.com


Investors will also be interested in testimony from Fed chairman Ben Bernanke before a Congressional committee Thursday on his role in the Bank of America, Merrill Lynch merger.
And, they'll be keeping an eye on tech stocks after weekend news that Apple CEO Steve Jobs recently underwent a liver transplant and some key earnings out of the sector.



link:
http://www.cnbc.com/id/31454369
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #539
  • Jun 22, 2009 5:01am Jun 22, 2009 5:01am
I see the following ranges today:

EU:
Pivot = 1.3934 clusterd with x_fibo 50.0 so it could go either way. For now it has move south.
North:
.382=1.3943 cluster with high of last Friday
.618=1.3948 cluster with +23.6
1.0=1.3956, cluster with +50.0
South:
.382=1.3926
.618=1.3921
1.0=1.3912 cluster with -50.0.

I am not sure how to interpret it now since all the ranges are very close to each other. There might some prices that are not reflected by my broker from the close of last Friday.

Major trend is down so scalping with the trend as COG is pointing south now.

I only trade EU so I don't have the ranges for GU.
  • #540
  • Jun 25, 2009 11:31am Jun 25, 2009 11:31am
Sorry for the long silence . I was really preoccupied in SA and haven't slept much either .... .. I had not deserted you folks .. I could never do that ...

So, how has trading been ... I haven't traded the whole week but now am back in Nairobi. Hope we will continue with trading as usual.

Too bad no one posted ... Anyone could have at least posted the daily trading ranges and possibly bias ....

Tracom and Ams ... hope my two buddies are still well and hopefully we will continue in our quest for the green pips....

Well, anyone with questions can post them and any ready from statements can also be posted ...

DOVO ... hope you still post man and we need to help out newer traders in finding their way in the FX juggle ... ..

Hope to hear from y'all soon ..
"I am convinced that He (God) does not play dice." - Albert Einstein
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