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  • #12,821
  • Jul 29, 2009 9:13pm Jul 29, 2009 9:13pm
Shiko,

Thanks for your reply. It is amazing that you have so big success. Mine is not that good at the moment.

I have one issue, I got different S/Rs from you on EUR/USD. I attached my chart here and wonder how did you identify 4100 and 4025. I got 4066, 4038 (spike based) and 4000.

It would be great if you can post your chart on this.

kk


Quoting shiko
Amazingly no When it was a chance to fade it around 1.4100 it was 8:00 and 30 minutes before news release. I stayed flat. When it was at 1.4025, I was in Gym
But I did faded G/U short at 1.6458, took 12 pips, it went down a lot more...
Before this faded E/Y also short trade at 134.24. same thing 12 pips and it went a lot more. Looks like more than 200 pips potential, but at the moment I am not looking at this. I need to learn to stay in trades and I am improving/. calculated that with this way of trading the best T/P is 12 pips and stop loss...
Attached Image (click to enlarge)
Click to Enlarge Name: eushiko.gif Size: 27 KB
  • #12,822
  • Jul 30, 2009 12:21am Jul 30, 2009 12:21am
I want BillyRayValentine back!

This thread is a bit boring and less inspiring without the father of No Brainer Trade here regularly! Please come back BRV.
  • #12,823
  • Jul 30, 2009 5:29am Jul 30, 2009 5:29am
Quoting kk007
I want BillyRayValentine back!

This thread is a bit boring and less inspiring without the father of No Brainer Trade here regularly! Please come back BRV.
I've never seen him in the chatroom in the 2 weeks I've been visiting it. I agree, it would be nice to see what levels the guy who makes all the $ off of them, is using.
Every time you use 'hopium' in a post, God kills a kitten.
  • #12,824
  • Jul 30, 2009 5:41am Jul 30, 2009 5:41am
Shorted E/U and G/U. Probably enough for this month.

Average hit rate for the month is slightly more than 90% as was told.
This week 12 wins 1 loss.


I think in a month I will start learning to manage 20% of position size to catch more pips. I made some calculations, with current hit rate aiming at 50 pips with just 20% of the original position can increase returns up to double of current one.


http://img90.imageshack.us/img90/435...ddollar.th.png

http://img161.imageshack.us/img161/9...odollar.th.png
  • #12,825
  • Jul 30, 2009 5:44am Jul 30, 2009 5:44am
Quoting shiko

Average hit rate for the month is slightly more than 90% as was told.
This week 12 wins 1 loss.

You are a star!!
  • #12,826
  • Jul 30, 2009 6:16am Jul 30, 2009 6:16am
Quoting kk007
You are a star!!
Thanks I am doing my best
  • #12,827
  • Jul 30, 2009 8:43am Jul 30, 2009 8:43am
http://img20.imageshack.us/img20/4373/euroyen.th.png
  • #12,828
  • Jul 30, 2009 8:54pm Jul 30, 2009 8:54pm
Quoting shiko
Amazingly no When it was a chance to fade it around 1.4100 it was 8:00 and 30 minutes before news release. I stayed flat. When it was at 1.4025, I was in Gym
But I did faded G/U short at 1.6458, took 12 pips, it went down a lot more...
Before this faded E/Y also short trade at 134.24. same thing 12 pips and it went a lot more. Looks like more than 200 pips potential, but at the moment I am not looking at this. I need to learn to stay in trades and I am improving/. calculated that with this way of trading the best T/P is 12 pips and stop loss...

hmm m i misunderstanding something here? the R:R is 35:12? what if the trade turn against you?
  • #12,829
  • Jul 31, 2009 5:19am Jul 31, 2009 5:19am
Quoting yuan83
hmm m i misunderstanding something here? the R:R is 35:12? what if the trade turn against you?


It can. But 85-95% of times it won't. Some trade reward to risk, I trade higher probability. The probability of trade going against me is much smaller than giving me first my 12 pips.
I have made 78 trades this month. 71 gave me at least 12 pips. 7 were losses at 35-36 pips. It is 91% hit rate. more than 50% of my trades went actually at least 50 pips in my direction. I am going to work on this later.
  • #12,830
  • Jul 31, 2009 5:25am Jul 31, 2009 5:25am
Quoting shiko
http://img20.imageshack.us/img20/4373/euroyen.th.png


Hi Shiko,

Why is there no support and resistance lines on your charts?

Also do you use indicators on top of price action to trade?

thanks,
  • #12,831
  • Jul 31, 2009 7:39am Jul 31, 2009 7:39am
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: audusd310709.jpg Size: 156 KB
  • #12,832
  • Jul 31, 2009 9:03am Jul 31, 2009 9:03am
Quoting Pirabuji
Hi Shiko,

Why is there no support and resistance lines on your charts?

Also do you use indicators on top of price action to trade?

thanks,

Hi Pirabuji,


Those indicators are from previous system I used to trade. I do not use them now, gotta take them out.
Oanda's platform is not good enough to draw lines and determine S/R areas, I use MT4 from Alpari for this reason. I have both platforms opened and draw lines on MT4 and then open positions on Oanda. I have posted before snapshots of my Alpari platform where I determine enties areas.
  • #12,833
  • Aug 2, 2009 4:09pm Aug 2, 2009 4:09pm
Quoting RedCabbage
Chart
you sure thats aud/usd.. price looks odd.. or is it me.
  • #12,834
  • Aug 2, 2009 10:11pm Aug 2, 2009 10:11pm
EUR/USD 1.416 & 1.412

50 and 61% fib.

http://i24.photobucket.com/albums/c2...th_euraug2.jpg

USD/CHF 1.08 range, 61% fib

http://i24.photobucket.com/albums/c2...usdchfaug2.jpg
  • #12,835
  • Aug 2, 2009 10:42pm Aug 2, 2009 10:42pm
Quoting sam0182
EUR/USD 1.416 & 1.412

50 and 61% fib.

http://i24.photobucket.com/albums/c2...th_euraug2.jpg

USD/CHF 1.08 range, 61% fib

http://i24.photobucket.com/albums/c2...usdchfaug2.jpg
what about 4194 on euro? 38% fib and 50% fib from the 4086 low plus old swing high from 7/29.
  • #12,836
  • Aug 2, 2009 10:58pm Aug 2, 2009 10:58pm
Quoting 4xfox
what about 4194 on euro? 38% fib and 50% fib from the 4086 low plus old swing high from 7/29.
I thought about that but it wasn't respected at all on Friday...granted, it was end of the month and we had news...but that's my reason.

I'm putting 2% of my account bal in each trade...perhaps if I was putting less, I could reason with 1.42. It certainly IS a level, but I'm shaky with how reliable it may be.

We'll see in the next few hours!
  • #12,837
  • Aug 3, 2009 9:43am Aug 3, 2009 9:43am
Here is a setup for a Bull Gartley at 93.70-93.85. The 93.85 is old support back in May and earlier. We are near the bottom of a 500-700 pip range in the daily time frame. This may be a decent entry to ride back up to the upper parts of the range. Stops would be in the 60-70 pip range so consider the number of lots to comply with your money management.

SR
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 080309.gif Size: 19 KB
  • #12,838
  • Aug 3, 2009 1:01pm Aug 3, 2009 1:01pm
Quoting seattlerust
Here is a setup for a Bull Gartley...

SR
That is a very nice chart, bucket + gartley + 50% ret etc - thanks for sharing.
  • #12,839
  • Aug 4, 2009 1:35am Aug 4, 2009 1:35am
For those watching and trading Cable it would be interesting to hear BRW views as how to get reliable S/R areas now. he p[air is in the territory it has visoted a couple of times in the last 15-20 years. I can find only some resemblance of S/R areas on daily chart. What other guys think?
  • #12,840
  • Aug 4, 2009 8:07am Aug 4, 2009 8:07am
hello guys.does anyone have a handle on gu buy?
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