no doubt is right, but i just feel that g/j has gone down quite alot , about 1300 pips since it last HIGH Form.
let the picture do the talking.
wad did ya see?
well, we will se how things will go. No predictions 
- #3,001
- Aug 31, 2009 1:09pm Aug 31, 2009 1:09pm
- | Joined Feb 2009 | Status: Trader | 2,444 Posts
well, we will se how things will go. No predictions well, I am not guy number 1and especially i am not number 2
It means you have nothing to learn from me
well, who knows? Japan has got a new government... It is all about markets' perception about what they thing new government's influence will be upon Japan economy. If you check even bigger picture you will see that on weekly G/J in huge down trend
- #3,004
- Aug 31, 2009 1:16pm Aug 31, 2009 1:16pm
- | Joined Feb 2009 | Status: Trader | 2,444 Posts
No no, I wasn't pointing you out specifically lol, I was just stating that maybe you were the kind of person that needed to experience, many many people are like that, I was just pointing out that I myself was not one of them.
I understand you.
I am a person who had to learn fast! Hence demo trading took only 2 months and then I went live. It took 3 month for me to learn risk control management 101 and then another 5 months to bring it to higher level. You know, risk management it is actually psychology. it is a foundation. so, now I am looking for more systematic trading way based upon my risk control and higher reward: risk ratio. It is only possible with good risk control and trade management.
Plus, we have got enough guys around to learn from
- #3,007
- Aug 31, 2009 2:07pm Aug 31, 2009 2:07pm
Great thread and very interesting results and opinions from so many traders.
I have been poking around FF for a while, just joined today specifically for this thread Thought I would leave my 2 cents.
Regarding price action and where price might head I usually only keep to the 4HR time frame. I see a good movement downward as highs are getting lower and lows are getting lower as well. The range that occured almost a couple weeks ago was to me just congestion. This last swing up is more than likely a retracement and for those who have a SL at the other end of the box this week, the 152.25ish area is the 61.8 Fib level which will make or break the upward test of our bearish trend, if not sooner than this point.
Also to me the daily chart shows a sort of double top which I believe someone has pointed out. I would at least look for price to head for the neckline of at east 148.50ish level.
Just my 2 cents. I would say GO BEARS......for now
I have been poking around FF for a while, just joined today specifically for this thread
Thought I would leave my 2 cents.Regarding price action and where price might head I usually only keep to the 4HR time frame. I see a good movement downward as highs are getting lower and lows are getting lower as well. The range that occured almost a couple weeks ago was to me just congestion. This last swing up is more than likely a retracement and for those who have a SL at the other end of the box this week, the 152.25ish area is the 61.8 Fib level which will make or break the upward test of our bearish trend, if not sooner than this point.
Also to me the daily chart shows a sort of double top which I believe someone has pointed out. I would at least look for price to head for the neckline of at east 148.50ish level.
Just my 2 cents. I would say GO BEARS......for now
May be, but the most important part of trading is psychology and it cannot be developed with Demo. Only real money can do it. Just my 2 cents
It hurt me like hell losing even 50% of $200 account last November. I made 55% in 5 weeks and then lost 60% in 1 day. Was in depression and could not trade the whole December, was thinking of risk control and money management and gradually I resolved it. You know, once, I was entering trade and I had no idea how much I will lose and where I will exit if trade goes against me. No, only real funds will do...
Then i know abit about trading and have a base that i can build my psych on.
Since if you can't draw proper Support lines and calculating your RRR + MM etc.. you will be entering loosing trades and you can't build a psych on loosing trades of that kind.
That's what i believe atleast.
Sorry Ace, i guess this is the off topic dicsussions you don't want in your System's tread.
I will behave now... honest!
Has anyone's 50% SL been hit yet?
so i can't say i'm pro 50% SL's.
I guess there's too many stop hunters out there eh.
Mine's at 100% other side of the box.
I think there were a few posts about their 50% receiving hits this week a few pages back.
I used to go 50% SL on the Asian box break out strategy, but it really got hit alot more times making profits less frequent and SL more.. frequent and the total profit also took a turn for the worse.
so i can't say i'm pro 50% SL's.
I guess there's too many stop hunters out there eh.
Mine's at 100% other side of the box.
I think there were a few posts about their 50% receiving hits this week a few pages back.
- #3,014
- Edited 6:13pm Aug 31, 2009 4:15pm | Edited 6:13pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
What I meant by that was I learn from other people's experiences, very rarely have I had to learn something from my own experiences (while I have learned a lot from my own). It's like this, here's a scenario.
Guy 1 touches something that is hot, say "Ouch hot"
Guy 2 "Really?" and touches it.
I am not guy 2.
Sorry, just kidding, I read you loud and clear.
Greetings from Guanajuato, Mexico
- #3,015
- Aug 31, 2009 4:21pm Aug 31, 2009 4:21pm
hazifal79 . . . I admire your confidence. No one really know with absolute certainty where the market is going, but you sure give it a try.
In a little over 7 hours, you predicted . . .
1. The Short trade would hit TP1.
2. That we would see "confident movement to TP1".
3. That there would be "Less strength for sell movement".
4. That we would hit SL and enter a Long trade.
5. Wait for Long trade.
6. That price would go up until it goes down, but then look for a huge uptrend for weeks.
I predict that one of your predictions is right.
BTW,...
one correct is already great for me than nothing. btw i'm not lose anything
I understand that you're not losing anything, but it's taking up unnecessary space on the thread. That's the one of the main things I want to avoid hearing, constant speculation about what may or may not happen. We can all see which way price is moving at the moment. So there's no reason to reiterate that...again and again. If you have solid S/R reasons, or some other long term form of technical analysis then you should post it. But these are the kind of posts that we expect to see in the Interactive Section not in this thread.
Glad you understand
Ace, are you trading today?
Yes, I am. Just haven't posted, that's all.
- #3,016
- Aug 31, 2009 7:34pm Aug 31, 2009 7:34pm
Hi Friends,
I am one of those selfish FF members who does a lot of reading without contributing! Here's my attempt to change that.
First of all I send big thanks to Ace and the other regular posters in this thread who make a huge effort to help each other be profitable, you are all doing a great service.
I have been trading this strategy for around 3 months now. I trade pretty much to the letter according to Ace's first post with some great success so far.
Of course I add some of my personal knowledge of the FX market to determine the...
hi NirvanaFin
have you also been using this method on gb/us? i have also. what tp have you been using? i use tp2. with good results wxcept for the short entry this week.
regards
breadman
