Add to Long.
Stay in MM proportions.
Hoping to Help
Stay in MM proportions.
Hoping to Help
ICCE. Bemac's Fib. Reverse Engineered
- #561
- Jul 16, 2009 4:57pm Jul 16, 2009 4:57pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #563
- Jul 16, 2009 5:44pm Jul 16, 2009 5:44pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
You'll notice that IP is no newbee, we know us since longer, thanks Bill.
Hey Paddy; I'm glad I checked your P.Profile and saw who vouched for you: I was about to shut you down.
If you're good enough for them then you're good enough for me.
Sorry if the "Paddy" thing upsets you. It was intended as a term of ... do I have to say it... Oh... Wth... Endearment but Molly {the merino} won't like it.
Welcome Aboard
- #564
- Jul 16, 2009 5:56pm Jul 16, 2009 5:56pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
Somebody just Raped the Market.
Nice Spike To Buy. Glad I had a Daily Deep SL in play.
Nice Spike To Buy. Glad I had a Daily Deep SL in play.
- #565
- Jul 16, 2009 6:04pm Jul 16, 2009 6:04pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
That spike wiped out some buyer's SL, I'm happy that I don't trade during this time.
- #566
- Jul 16, 2009 6:12pm Jul 16, 2009 6:12pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
That spike wiped out some buyer's SL, I'm happy that I don't trade during this time.
Somebody Big thinks it Goin' Up.
Adjust Your Exposure Accordingly.
- #568
- Jul 17, 2009 8:17am Jul 17, 2009 8:17am
I wanna get y'alls opinion on managing trades after the entry...
Sorry if we are not yet talking about entries or how to manage them or if that is not the scope of this thread...
I just wanna get some opinions....
After an entry is triggered, either by a limit order or some candle stick pattern, or whatever...I was trying to figure away to lock in some profits somewhere midway between the top and 61.8 or the bottom and 38.2...
Ususally the fake breakouts, as in the last post I submitted, will make it 1/2 way between...
I realise that this is somewhat difficult in the 1 min but 5 min, 15min and up there should be plenty of time...
Any thoughts...?
1/2 way between top and 61.8 or bottom and 38.2 and then S/L to either below/above the 50 or below the bottom if you're long and above the top if you are short...that would break even, or thereabouts...
Here is this chart again, you can see that PA paused about 1/2 way after it retraced and broke through the top...
that red T/L is from yesterday and coincides almost exactly with 23.6% of the fib on my THV chart and the downward sloping T/L on the 15 min...
Bemac, don't explode if you don't like this post..LOL...
Thar she blows...straight to 61.80...PA is like a frickin' pendulum this afternoon...
Sorry if we are not yet talking about entries or how to manage them or if that is not the scope of this thread...
I just wanna get some opinions....
After an entry is triggered, either by a limit order or some candle stick pattern, or whatever...I was trying to figure away to lock in some profits somewhere midway between the top and 61.8 or the bottom and 38.2...
Ususally the fake breakouts, as in the last post I submitted, will make it 1/2 way between...
I realise that this is somewhat difficult in the 1 min but 5 min, 15min and up there should be plenty of time...
Any thoughts...?
1/2 way between top and 61.8 or bottom and 38.2 and then S/L to either below/above the 50 or below the bottom if you're long and above the top if you are short...that would break even, or thereabouts...
Here is this chart again, you can see that PA paused about 1/2 way after it retraced and broke through the top...
that red T/L is from yesterday and coincides almost exactly with 23.6% of the fib on my THV chart and the downward sloping T/L on the 15 min...
Bemac, don't explode if you don't like this post..LOL...
Thar she blows...straight to 61.80...PA is like a frickin' pendulum this afternoon...
Deprive a man of everything and you give him nothing to lose.
Hey Paddy; I'm glad I checked your P.Profile and saw who vouched for you: I was about to shut you down.
If you're good enough for them then you're good enough for me.
Sorry if the "Paddy" thing upsets you. It was intended as a term of ... do I have to say it... Oh... Wth... Endearment but Molly {the merino} won't like it.
Welcome Aboard
Umm..thanks. [I think?]
I was just trying to figure out out the indicator works-- while it's something I've been doing [sort of] myself for sometime now [drawing fibs in reverse order to calculate the top/bottom of next wave given previous wave momentum /high/low numbers]
In a "regular" market it's quite amazingly accurate.
--- Gone --- RIP 11/27/09
- #572
- Edited 2:33pm Jul 20, 2009 1:49pm | Edited 2:33pm
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
I'm pretty much done with all this ...
- #575
- Jul 20, 2009 2:30pm Jul 20, 2009 2:30pm
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
Good Luck with that StoragePro...
May I ask, assuming your short, what is it about the chart that triggered the entry, candle stick, some indicator, gut feeling?
Also, USD/CHF has an inverse correlation with E/U, correct? If so, that's good becuase E/U absolutely blew through 1.42000 and all retests were rejected today...on the E/U chart it looks like the next level of resistance is around 1.43 something rather...it's testing R4 as I am typing this...
I just started to feel a bit excited about your trade as well....LOL...let us know how...
What I am doing with this one is looking to make a breakout projection. read back a few pages and you'll see Bemac discussing it a bit.
I pay absolutely no attention to pair correlation. I notice some of them move in concert, but that is not a big surprise. To me, PA is PA, is PA. There are some commodities and indices that lead a currency pair, and those movements can give you a heads up that a move is in the offing, but without PA, it matters not to me.
My gut feel - I tend to throw Doritos, Chicken Wings and Beer into my gut. It makes it feel full.
I am watching the EU close for some 'get me in PA'. It would be nice to get a PB dip its way back into the channel and jump back out... So far, 4hr PA says it is going back into the channel.
I'm pretty much done with all this ...
- #577
- Jul 20, 2009 2:43pm Jul 20, 2009 2:43pm
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
I'm pretty much done with all this ...
- #578
- Jul 20, 2009 2:48pm Jul 20, 2009 2:48pm
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
I'm pretty much done with all this ...
- #579
- Jul 20, 2009 3:45pm Jul 20, 2009 3:45pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
OK - I feel like a kid jumping into the backseat with a girl for the first time - nervous, sweaty and not sure I'll get it right, but my heart is pounding.... and I am focused...
Bemac - here is a projection look at this pair. Daily TF. As usual, buyer beware!
Love to hear your thoughts on this.
Not a pair currently under my microscope. I would like to take the time to examine it.
(by that time, you could be shouting or leaping; from the rooftops.)
You Do have the Goods tho.
Please, unless you are sure, do not Trade ICCE rather than let it provide you with a Target or two.
100% will always contain 50%
- #580
- Jul 20, 2009 4:01pm Jul 20, 2009 4:01pm
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
Hello SP:
Please, unless you are sure, do not Trade ICCE rather than let it provide you with a Target or two.
100% will always contain 50%
I'm pretty much done with all this ...