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SeriousTrading

  • #261
  • Aug 24, 2009 11:29pm Aug 24, 2009 11:29pm
Quoting forexlion
range for this week is 156.648 to 153.658

so unless we break this 300 pip range we just play ping pong
bounce # 4
  • #262
  • Aug 24, 2009 11:34pm Aug 24, 2009 11:34pm
i chickened out early on the last trade as my entry was not good, too risky entry
  • #263
  • Aug 24, 2009 11:56pm Aug 24, 2009 11:56pm
what did you think forexlion he will up again to 156 or continue to down to 153 ?
High risk High return!
  • #264
  • Aug 25, 2009 12:11am Aug 25, 2009 12:11am
BBA Mortgage Approvals should prick a pin in GJ's ........

expect 154.73 / 155.78 levels
  • #265
  • Aug 25, 2009 12:33am Aug 25, 2009 12:33am
DISCLAIMER:

I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball. I do not have a crystal ball.



heck GJ is getting too predictive nowadays
  • #266
  • Aug 25, 2009 12:35am Aug 25, 2009 12:35am
one more dip should happen on or before the new 1 hour candle change, before the move, i will buy that dip

although there is still no reason to long on 1 hour, its just pure PA

but if the PA tells me something else, i may not buy the dip
  • #267
  • Aug 25, 2009 12:59am Aug 25, 2009 12:59am
here's a cool macd template
Attached File(s)
File Type: tpl barebones.tpl   < 1 KB | 260 downloads
  • #268
  • Aug 25, 2009 2:24am Aug 25, 2009 2:24am
GBP/JPY is not hard to predict. Buy and place your first TP at 155.75 then place 2nd TP at 156.55
Happy trading!
  • #269
  • Aug 25, 2009 2:57am Aug 25, 2009 2:57am
Quoting forexcompoun
GBP/JPY is not hard to predict. Buy and place your first TP at 155.75 then place 2nd TP at 156.55
Happy trading!
Buy at market, or stop or limit order? Indicator signal or from support/resistance? Where is your stop loss and what does that mean for risk-reward? How did you arrive at those target levels? Is this scalping or position trading?

Just curious...
  • #270
  • Aug 25, 2009 3:11am Aug 25, 2009 3:11am
Quoting jesperweber
Buy at market, or stop or limit order? Indicator signal or from support/resistance? Where is your stop loss and what does that mean for risk-reward? How did you arrive at those target levels? Is this scalping or position trading?

Just curious...
My indicators clearly show that GBP/JPY is oversold for the next 24 hours but I will leave out technical details for now. The trade should take till about Europe open tomorrow. As regards stop loss, once and if you take a trade from an OB/OS region, 375 pips would do. Hardly would that SL ever get hit.

Check my signal provider account on zulutrade (provider name: forexcompounding), I have made 2,55X pips profit so far trading since last week monday.
Happy trading!
  • #271
  • Aug 25, 2009 3:39am Aug 25, 2009 3:39am
Quoting forexcompoun
My indicators clearly show that GBP/JPY is oversold for the next 24 hours but I will leave out technical details for now.!
Was it Keynes who remarked that, "The market can stay irrational much longer than you can stay liquid"? Just being in oversold territory -- and I don't even know what your indicators are -- does not guarantee it will go up.

Quoting forexcompoun
The trade should take till about Europe open tomorrow. As regards stop loss, once and if you take a trade from an OB/OS region, 375 pips would do. Hardly would that SL ever get hit.

Check my signal provider account on zulutrade (provider name: forexcompounding), I have made 2,55X pips profit so far trading since last week monday.
Happy trading!
That's an impressive record, but personally I don't take signals or trading tips unless I know and understand the analytical rationale behind it. Are you able to share your indicators, if not in detail (to protect your signal business) then maybe conceptually? We're all here to learn from each other.

Cheers,

jesper

P.S.: I hope you're not taken any offense from my comments/questions. I also think that GBPJPY at least needs to show a good rebound on the hourly charts before I would be willing to short again. I'm just genuinely interested to know why you predict the same.
  • #272
  • Aug 25, 2009 5:39am Aug 25, 2009 5:39am
Quoting forexcompoun
My indicators clearly show that GBP/JPY is oversold for the next 24 hours but I will leave out technical details for now. The trade should take till about Europe open tomorrow. As regards stop loss, once and if you take a trade from an OB/OS region, 375 pips would do. Hardly would that SL ever get hit.

Check my signal provider account on zulutrade (provider name: forexcompounding), I have made 2,55X pips profit so far trading since last week monday.
Happy trading!
Hi,

I have looked and cannot find any record of forexcompounding on the zulutrade website..

Is this your correct name?

Thanks.
  • #273
  • Aug 25, 2009 5:48am Aug 25, 2009 5:48am
Quoting 4xAddict
Hi,

I have looked and cannot find any record of forexcompounding on the zulutrade website..

Is this your correct name?

Thanks.
Yeah, it is the correct name. Like I said, I have been there for just 2 weeks, my signal provider name would show up after I have closed at least thirty (30) trades.

By London open tomorrow, you can check back, I'm certain that it would be on the performance page then.

Thanks for indicating interest.
  • #274
  • Aug 25, 2009 5:56am Aug 25, 2009 5:56am
Quoting jesperweber
Was it Keynes who remarked that, "The market can stay irrational much longer than you can stay liquid"? Just being in oversold territory -- and I don't even know what your indicators are -- does not guarantee it will go up.



That's an impressive record, but personally I don't take signals or trading tips unless I know and understand the analytical rationale behind it. Are you able to share your indicators, if not in detail (to protect your signal business) then maybe conceptually? We're all here to learn from each other.

Cheers,

jesper...
No offense taken. I use bollinger bands and stochastics basically (but not with the default settings). I also use fibonacci and pivots to double check.
I really won't be able to go into detail of the settings for now but subsequently I hope to do so. I only need to hear my boss (the Holy Ghost) instruct me to do so before I go ahead. The trading system He (the Holy Ghost) gave me is a gift of trust and I recognize that fact. When He permits me to share openly, I sure would.

Thanks for being interested in my system.
  • #275
  • Aug 25, 2009 6:18am Aug 25, 2009 6:18am
Quoting forexcompoun
No offense taken. I use bollinger bands and stochastics basically (but not with the default settings). I also use fibonacci and pivots to double check.
I really won't be able to go into detail of the settings for now but subsequently I hope to do so. I only need to hear my boss (the Holy Ghost) instruct me to do so before I go ahead. The trading system He (the Holy Ghost) gave me is a gift of trust and I recognize that fact. When He permits me to share openly, I sure would.

Thanks for being interested in my system.
Fair enough! I wish you all success for your trading, and hope you keep sharing what you feel you can.

jesper
  • #276
  • Aug 25, 2009 7:49am Aug 25, 2009 7:49am
Quoting forexcompoun
No offense taken. I use bollinger bands and stochastics basically (but not with the default settings). I also use fibonacci and pivots to double check.
I really won't be able to go into detail of the settings for now but subsequently I hope to do so. I only need to hear my boss (the Holy Ghost) instruct me to do so before I go ahead. The trading system He (the Holy Ghost) gave me is a gift of trust and I recognize that fact. When He permits me to share openly, I sure would.

Thanks for being interested in my system.
Hi,

I will keep an eye out for the stats when they arrive on the zulu site.

You should really start your own thread if you have a certain system that you are running for a few reasons.

1. It becomes difficult for people subscribing to this thread to keep clear on what is happening.
2. A new thread will allow you a lot more clarity on the number of people interested in your system
3. It allows people to the discuss your methods more clearly and it will as a result get you much better coverage and essentially market awareness of your system.

If you do start a thread, please let me know I would be interested to become involved.

Cheers.
  • #277
  • Aug 25, 2009 9:01am Aug 25, 2009 9:01am
Quoting forexlion
BBA Mortgage Approvals should prick a pin in GJ's ........

expect 154.73 / 155.78 levels
barely managed 155.5
  • #278
  • Aug 25, 2009 9:24am Aug 25, 2009 9:24am
Quoting forexlion
barely managed 155.5
Hi Lion,

I follow your thread quite regularly and wanted to ask you're view on the reduced volume effect of Northern Hemisphere summer holidays.

Do you think that we are in an over arching GY trend at present despite the more immediate range we are in that will reassert itself come week 2 of september? or is this just a lottery trend-wise until then?

Thanks
  • #279
  • Aug 25, 2009 9:44am Aug 25, 2009 9:44am
what do you think forexlion we go up or down with GJ , you no have new entry ?
High risk High return!
  • #280
  • Aug 25, 2009 12:06pm Aug 25, 2009 12:06pm
Quoting simao
what do you think forexlion we go up or down with GJ , you no have new entry ?
entirely depending on NY session close today and 154.73 level

i will get a better idea at new day open in 2 hours from now
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