Read the entire market, money is made on the main trend not the fluctuation
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #192,201
- Aug 27, 2009 9:33pm Aug 27, 2009 9:33pm
- | Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts
- #192,202
- Aug 27, 2009 9:34pm Aug 27, 2009 9:34pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
- #192,203
- Aug 27, 2009 9:38pm Aug 27, 2009 9:38pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
- #192,205
- Aug 27, 2009 9:48pm Aug 27, 2009 9:48pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
msniper, there is a guy who is the MASTER of using Elliot wave in GBP/JPY !
check this out http://www.forexfactory.com/member.php?u=69922
i know professional people in real life and they dont like forums and they dont even have time for it they work alone with no headache from others
- #192,206
- Aug 27, 2009 9:48pm Aug 27, 2009 9:48pm
- Joined Apr 2009 | Status: RETIRED | 1,947 Posts
Hi guys, I take one last scalp long for the week to get my remaining +7 long from 152.442 no SL TP 152.512. She go up from there but I not at my desk to post chart or widen TP.
Thankyou Tokyo, finish the week early no London or US needed. +250 every week please!
Thankyou Tokyo, finish the week early no London or US needed. +250 every week please!
- #192,207
- Aug 27, 2009 9:49pm Aug 27, 2009 9:49pm
- Joined Apr 2009 | Status: RETIRED | 1,947 Posts
never saw posts for him and i dont know if he is posting in this thread
i know professional people in real life and they dont like forums and they dont even have time for it they work alone with no headache from others
- #192,209
- Aug 27, 2009 9:52pm Aug 27, 2009 9:52pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
- #192,210
- Aug 27, 2009 9:52pm Aug 27, 2009 9:52pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
alright cool thanks i will start to follow his posts but right now i need to get some sleep
gonna wait for GU to drop below 244 to go long this my plan for today
goodnight
gonna wait for GU to drop below 244 to go long this my plan for today
goodnight
- #192,211
- Aug 27, 2009 9:53pm Aug 27, 2009 9:53pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
msniper, there is a guy who is the MASTER of using Elliot wave in GBP/JPY !
check this out http://www.forexfactory.com/member.php?u=69922
...i know that guy
- #192,212
- Aug 27, 2009 9:54pm Aug 27, 2009 9:54pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
Eulogy
Where do you get the charts/news/ index for shanghai.. oil.. djia.. etc etc. ? U bought software?
News is kinda harder to describe. I troll around many different sites very regularly as well as a few blogs which often have regular updates with interesting links to new articles.
software LOL. I'm too cheap and smalltimer for subscription software. The only paid-for thing i have (and that is paid for by my employment
) is an IRESS feed which is essentially a java based australian whitelabelled reuters price feed. I use this predominantly during work hours when i don't have access to my MT4 charts. It has nice data on US treasury yields.
- #192,214
- Aug 27, 2009 10:01pm Aug 27, 2009 10:01pm
- | Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts
charts for indicies, crude futures, index futures can be found quite easily from one of several MT4 demo platforms. They are free to download and use. BrocoTrader has all of these features.
News is kinda harder to describe. I troll around many different sites very regularly as well as a few blogs which often have regular updates with interesting links to new articles.
software LOL. I'm too cheap and smalltimer for subscription software. The only paid-for thing i have (and that is paid for by my employment
I've been looking for charts for all these. I've been using MT4 for almost a year and I never realized it.
I will go check it out. Thanks!
Read the entire market, money is made on the main trend not the fluctuation
- #192,217
- Aug 27, 2009 10:17pm Aug 27, 2009 10:17pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
- #192,218
- Aug 27, 2009 10:22pm Aug 27, 2009 10:22pm
- Joined Apr 2009 | Status: RETIRED | 1,947 Posts
Hi cscheat, the system is called Ichimoku, there is a thread here in "Trading Systems" area as well as lots and lots of info for it on google. From next Monday I will trade only Ichimoku signals on all TF using GBPJPY, EURJPY and USDJPY.
...
I run my total tally for the week guys, +251.7, very happy.
Monday: 5 trades +34.7
Tuesday: 9 trades +42.3
Wednesday: 10 trades +87.1
Thursday: 12 trades +37.6
Friday (Tokyo only): 5 trades +50 exactly.
Lessons learnt for the week?
* Always wait for retest and monitor PA at retest zone.
* Keep trades less than 5 a day for +50 target (thanks malcom I make it a rule from Monday )
* Do not let scalps turn into trades, if you see price stopping to reverse on a in-proft scalp then exit!
* When spread for G/J go <4 then shit is about to hit the fan
Now since I am free from trading London to meet pips quota I will be going and having fun at a BBQ! Friday afternoon here already so weekend begin soon Please trade safe and keep those stops tight! Wish for green pips to all
...
I run my total tally for the week guys, +251.7, very happy.
Monday: 5 trades +34.7
Tuesday: 9 trades +42.3
Wednesday: 10 trades +87.1
Thursday: 12 trades +37.6
Friday (Tokyo only): 5 trades +50 exactly.
Lessons learnt for the week?
* Always wait for retest and monitor PA at retest zone.
* Keep trades less than 5 a day for +50 target (thanks malcom I make it a rule from Monday
)* Do not let scalps turn into trades, if you see price stopping to reverse on a in-proft scalp then exit!
* When spread for G/J go <4 then shit is about to hit the fan
Now since I am free from trading London to meet pips quota I will be going and having fun at a BBQ! Friday afternoon here already so weekend begin soon
Please trade safe and keep those stops tight! Wish for green pips to all - #192,219
- Edited 10:57pm Aug 27, 2009 10:24pm | Edited 10:57pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #192,220
- Aug 27, 2009 10:56pm Aug 27, 2009 10:56pm
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
Hi cscheat, the system is called Ichimoku, there is a thread here in "Trading Systems" area as well as lots and lots of info for it on google. From next Monday I will trade only Ichimoku signals on all TF using GBPJPY, EURJPY and USDJPY.
Don't start with Ichimoku yet. I know a couple of traders who are very good at it, but it takes a long time to master.
First learn the basics.
Ichimoku is very subtle so different traders make different decisions based off of what they see. You need to put the hard work in on understanding candlesticks, chart patterns, support and resistance, trendlines, etc. before you start trying to learn complicated systems. (or simple ones that don't work)
A common mistake people make when they're learning is to jump from one system to the next looking for an easy way to trade without learning how to read a chart properly first. If you build from the bottom up you'll have a solid foundation.
A good start would be to read these 3 books.
Pring - Psychology of Investing
Nison - Candlestick Patterns
Bulkowski - Encyclopedia of Chart Patterns
They will give you the necessary basics.
cheers