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  • #155,981
  • Oct 27, 2009 12:06am Oct 27, 2009 12:06am
Guys - I had a good day. I called the short here on friday http://www.forexfactory.com/showpost...stcount=155502 and positioned accordingly. I then called the bounce after taking 160 pips short and went long 4 pips from the bottom of the move, which I called at the time in this thread http://www.forexfactory.com/showpost...stcount=155845. I know it sounds like I am bragging but the truth is this has come on the completion of four years of trading which includes huge losses and unbelievable pain in the first three of those four years. For the most part my posts are ignored at best in this thread but its only you guys that would have any understanding of where I am at and where I have come from to get here. Thanks to all in this great thread which is really a great community on its own
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  • #155,982
  • Oct 27, 2009 12:08am Oct 27, 2009 12:08am
Quoting Jay Walker
Wouldn't it be easier to see who got...ahem...stretched?

See, that's what I thought. Then the human rights activists got involved
and next thing you know the UN had people out there waving anti-asshole banners
and demonstrating and everything and so these rebel leaders started doing the "short-arm" inspections
looking for shit on you pecker. I think the whole thing could have been handled better.
  • #155,983
  • Oct 27, 2009 12:12am Oct 27, 2009 12:12am
Quoting M.A.C.Doug
Guys - I had a good day. I called the short here on friday http://www.forexfactory.com/showpost...stcount=155502 and positioned accordingly. I then called the bounce after taking 160 pips short and went long 4 pips from the bottom of the move, which I called at the time in this thread http://www.forexfactory.com/showpost...stcount=155845. I know it sounds like I am bragging but the truth is this has come on the completion of four years of trading which includes huge losses and unbelievable pain in...
Congrats M.A.C.

Your posts aren't as ignored as you may think they are
Not all sins are created equal
  • #155,984
  • Edited 1:08am Oct 27, 2009 12:13am | Edited 1:08am
Quoting toshi
No, this is good stuff.

I see the Nov 148's (puts) @ 75 ask and 14950 (call) at 76bid and those expire Nov 6th I think
So, depending on the Theta (sorry I'd need more data to compute it)
all you'll need is a couple hundred point spike either way to have this
start working well. Do you happen to know exactly when your contracts expire ?

My contracts expire on 26th nov.

I have been doing this for some months now, the volatility makes it very "easy". I thought about increasing the amount but then it's probably going against me.
I normally trade options with stocks... But I like the FX volatility...

It's good to draw a profit line without any SL (except premium and expiry dates off course). You know what I mean...
However, I think this way of trading could at least last for 6 more months before a decrease in volatility... Then it's going to be shit hard...
I could probably take 500 pips also but it's better to be "safe"..
  • #155,985
  • Oct 27, 2009 12:14am Oct 27, 2009 12:14am
Quoting toshi
looking for shit on you pecker. I think the whole thing could have been handled better.
Difficult thing to do.

First, find the proverbial needle in the haystack.

Then break out the microscope to inspect said needle.

Seems easier to me to just find out who's dealing poppers in town.
Not all sins are created equal
  • #155,986
  • Oct 27, 2009 12:22am Oct 27, 2009 12:22am
Quoting toshi
Daily pivot (NY) is 14927, which is also 38% retrace of yesterdays high/low range.

I'd consider that area the resistance of noteworthy mention for the upcoming session.

the 23.6 at 14895 would be first hurdle though, that's a given I think, next 20 minutes or so.

23.6 level hit on euro usd

CHF (for confirmation) is the mirror image at the 23.6 ret as well.
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  • #155,987
  • Oct 27, 2009 12:26am Oct 27, 2009 12:26am
Quoting toshi
23.6 level hit. Dollar swissy (for confirmation) is the mirror image at the 23.6 ret
and then back down?
Pation is the Holy Grail
  • #155,988
  • Oct 27, 2009 12:28am Oct 27, 2009 12:28am
Quoting CzechTrade
and then back down?

Are you asking ??? cause hell if I know.
Show me someone here that can tell us where it's going.

I want to kidnap that person.
  • #155,989
  • Oct 27, 2009 12:30am Oct 27, 2009 12:30am
Quoting toshi
Are you asking ??? cause hell if I know.
Show me someone here that can tell us where it's going.

I want to kidnap that person.
gator
go get him
Pation is the Holy Grail
  • #155,990
  • Oct 27, 2009 12:46am Oct 27, 2009 12:46am
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Pation is the Holy Grail
  • #155,991
  • Edited 12:57am Oct 27, 2009 12:47am | Edited 12:57am
Quoting toshi
23.6 level hit on euro usd

CHF (for confirmation) is the mirror image at the 23.6 ret as well.
if this this is a retrace i can see it going back to 4952/58 area. then continue retrace. but those red lines on chart have been there since i extended march chart before hitting 4646. and we are just between levels without a lower low held. usx has retreated and sitting on a fib and trendline. it will determine if eu goes higher or not. we can use it as a early indicator,. all short term for now. but apears to want eu to go higher atm.

lower chart did not hit bottom trendline so usd overall may flex intraday for a little while. another thing is 7 is a number that trends many time follow.. march till today falls in the magic 7 month wise. then again where it sits now 4891 is a key fib from last years h/l
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those who can, do. those who cant, talk about those who can
  • #155,992
  • Oct 27, 2009 12:49am Oct 27, 2009 12:49am
Funny how everyone gets quiet after a massive drop and watched their profit go bye bye. Then they pray and say PLEASE JUST GO BACK UP TO BREAK EVEN THEN I'M OUT. Well then it falls into wave 2 from all the selling. This game is ruthless.
  • #155,993
  • Oct 27, 2009 12:54am Oct 27, 2009 12:54am
Quoting M.A.C.Doug
Guys - I had a good day. I called the short here on friday http://www.forexfactory.com/showpost...stcount=155502 and positioned accordingly.

It's odd but many of the trades you call i'm already in or i take them shortly before you call them or i'm watching for a possible trade. I took the euro short on 10/22 for a 300+ TP. It's just wierd but we see similiar setups at the same time. I guess that's what great traders do
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  • #155,994
  • Oct 27, 2009 12:55am Oct 27, 2009 12:55am
Quoting Jay Walker
Congrats M.A.C.

Your posts aren't as ignored as you may think they are
Thanks Jay, I needed that as much as the pips. It is an awfully lonely game at times
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  • #155,995
  • Oct 27, 2009 1:02am Oct 27, 2009 1:02am
Quoting M.A.C.Doug
Thanks Jay, I needed that as much as the pips. It is an awfully lonely game at times
I'm glad you did well!
Fay All Time Return: -98.7%
  • #155,996
  • Oct 27, 2009 1:05am Oct 27, 2009 1:05am
I see a fake out developing. I'm selling the pivot for a scalp
then looking a touch higher for bigger sale.

couple reasons.

First. where it stopped falling: 14844.
That was last months high to the pip.
Right on the dot, as if market is saying that number is safe.
I don't think it is. It is now the "bullseye", no pun intended.

So, an 14844 1st target. next target TBD but below 148

Weekly pivot is at 14966, 1st midpoint between DP and Daily R1
is at 14969. 50% of last swing is at 14953.

So, the sale could be around/above any of those.

Not sure yet, so until the pivot prints, I need to work out the number, with a stop.

I can't place the trade if I don't know where the stop should go.
If it turns out to be more than 40 pips, I might pass only due to excess risk.
and maybe just do the scalp if it continues to set up.
  • #155,997
  • Oct 27, 2009 1:10am Oct 27, 2009 1:10am
Daily pivot (& the 38%) now in sight...... good chance to get there.

Not a sure thing of course.
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  • #155,998
  • Oct 27, 2009 1:13am Oct 27, 2009 1:13am
"To good to FAIL"
jpmorgan
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  • #155,999
  • Oct 27, 2009 1:15am Oct 27, 2009 1:15am
Good job, M.A.C., congrats.

Quoting M.A.C.Doug
Guys - I had a good day. I called the short here on friday http://www.forexfactory.com/showpost...stcount=155502 and positioned accordingly. I then called the bounce after taking 160 pips short and went long 4 pips from the bottom of the move, which I called at the time in this thread http://www.forexfactory.com/showpost...stcount=155845. I know it sounds like I am bragging but the truth is this has come on the completion of four years of trading which includes huge losses and unbelievable pain in...
  • #156,000
  • Oct 27, 2009 1:17am Oct 27, 2009 1:17am
Quoting fayz0r
I'm glad you did well!
Hi Fay, great to see you here
Everybody, incase you dont already know, this is Fay
She inspired me by her own success and generously shared her methods which I used to great effect this week. She is what turned my trading around. She is the single most accomplished trader I have ever seen. If you see her analysis posted here, I highly recommend you sit up and take notice.
(Just a side note, Fay is half my age and took half the time to master trading)
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