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  • #121
  • Nov 29, 2009 6:44pm Nov 29, 2009 6:44pm
Quoting jesterx
EUR wants to breakout here.

Hmmmm.
Yes once it gets around those round numbers it gets kind of squirrely...
  • #122
  • Nov 29, 2009 6:57pm Nov 29, 2009 6:57pm
The GBPJPY is reaching a resistance as well on the 1hr TF if that resistance does not hold then I will need to switch to the 4 hour TF and wait for it there.
Attached Image (click to enlarge)
Click to Enlarge Name: possible break through.gif Size: 27 KB
  • #123
  • Nov 29, 2009 7:03pm Nov 29, 2009 7:03pm
Quoting NightMoves
The GBPJPY is reaching a resistance as well on the 1hr TF if that resistance does not hold then I will need to switch to the 4 hour TF and wait for it there.
i just stepped back and looked at that chart.

To me it looks very much like an inverted head and shoulders...which means if it has broken the neckline the upside target is ALOT higher.
  • #124
  • Nov 29, 2009 7:08pm Nov 29, 2009 7:08pm
Quoting jesterx
i just stepped back and looked at that chart.

To me it looks very much like an inverted head and shoulders...which means if it has broken the neckline the upside target is a bit higher.
Yep I seen that too, however on the 4 hour chart it has to come back up to get back to the dynamic S/R area, so that is what I am anticipating, I was just hoping I was going to be able to trade from the hourly setup chart but I am not sure that is going to happen, I can wait for it I am in no hurry.
  • #125
  • Nov 29, 2009 7:14pm Nov 29, 2009 7:14pm
My first entry based on MA and 4HR breakout system.

USDCHF sell @ 1.0010

1st TP 15 pips

2nd TP 25 pips
  • #126
  • Nov 29, 2009 7:22pm Nov 29, 2009 7:22pm
Quoting kingrex
My first entry based on MA and 4HR breakout system.

USDCHF sell @ 1.0010

1st TP 15 pips

2nd TP 25 pips
I am not familiar with that trading system, just seems on the 4 hour chart that targets would be larger but again I am not familiar with it.
  • #127
  • Nov 29, 2009 7:32pm Nov 29, 2009 7:32pm
Quoting kingrex
My first entry based on MA and 4HR breakout system.

USDCHF sell @ 1.0010

1st TP 15 pips

2nd TP 25 pips
I have traded this system for so long now because it has treated me good and will probably just keep trading the same way, although I do like to play with other systems on the Demo account but I use this system religously for trading live, like I say it has been good to me...
  • #128
  • Nov 29, 2009 7:34pm Nov 29, 2009 7:34pm
Nice thread man! Keep it coming. Very interesting stuff.
  • #129
  • Nov 29, 2009 7:36pm Nov 29, 2009 7:36pm
Quoting Rednose
Nice thread man! Keep it coming. Very interesting stuff.
Thanks Rednose stop by anytime
  • #130
  • Nov 29, 2009 7:37pm Nov 29, 2009 7:37pm
Quoting Rednose
Nice thread man! Keep it coming. Very interesting stuff.
I agree!

after losing over 1k last monday then more the rest of the bloody week.

I came here read this great thread and bought and sold EUR today early and made $410.22. So might not be much to some of you. But I am over the moon.

I hate losing money , so keep this thread going, by all means. great work.
  • #131
  • Nov 29, 2009 7:37pm Nov 29, 2009 7:37pm
Quoting NightMoves
I am not familiar with that trading system, just seems on the 4 hour chart that targets would be larger but again I am not familiar with it.

MA - 20 Day MA is between 50 and 100 MA on 15 min.

Downtrend is confirm on 4hr breakout with 1st candle of week (4hr).

If price falls below sell. I price cimbs atop buy. Allow 10-15 pip of candle open and close where entry is made. Al SL could be placed at opposites high and low of 1st 4hr candle of the week within 10-15 pips.

Ive kinda put this all together based on what I interpret your system and the 4hr breakout system.

If somene could post the link to the 4hr breakout systemwould help.
  • #132
  • Nov 29, 2009 7:43pm Nov 29, 2009 7:43pm
Quoting jesterx
I agree!

after losing over 1k last monday then more the rest of the bloody week.

I came here read this great thread and bought and sold EUR today early and made $410.22. So might not be much to some of you. But I am over the moon.

I hate losing money , so keep this thread going, by all means. great work.
Hey Jesterx I am glad you got at least some of your money back. Just follow the rules and use good intratrade management and you should be able to get all your money back in no time...
  • #133
  • Nov 29, 2009 7:47pm Nov 29, 2009 7:47pm
Quoting NightMoves
Hey Jesterx I am glad you got at least some of your money back. Just follow the rules and use good intratrade management and you should be able to get all your money back in no time...
Cool.

Thanks so much for you help. I was once told never to trade alone. With some of the talent in here including yourself I cant believe I didnt use this forum sooner and got beaten up in the process .

oh well, I am sure things can work out now, just gotta stick to my plan i wrote out on the weekend. I am gunna do a complete 360 on what i have been doing.

THankyou again NM u are the man!
  • #134
  • Nov 29, 2009 7:48pm Nov 29, 2009 7:48pm
Quoting kingrex
MA - 20 Day MA is between 50 and 100 MA on 15 min.

Downtrend is confirm on 4hr breakout with 1st candle of week (4hr).

If price falls below sell. I price cimbs atop buy. Allow 10-15 pip of candle open and close where entry is made. Al SL could be placed at opposites high and low of 1st 4hr candle of the week within 10-15 pips.

Ive kinda put this all together based on what I interpret your system and the 4hr breakout system.

If somene could post the link to the 4hr breakout systemwould help.
I am just so in tune with this system I think it would be hard for me to even think about changing to another system. This has been working for me a long time. However sometimes it gets boring just doing the same thing over and over again...but hey it works, its not flashy and does not have lots of pretty lines and colors and lights flashing in all directions but it works and it is pretty simple to implement.
  • #135
  • Nov 29, 2009 7:51pm Nov 29, 2009 7:51pm
Quoting jesterx
Cool.

Thanks so much for you help. I was once told never to trade alone. With some of the talent in here including yourself I cant believe I didnt use this forum sooner and got beaten up in the process .

oh well, I am sure things can work out now, just gotta stick to my plan i wrote out on the weekend. I am gunna do a complete 360 on what i have been doing.

THankyou again NM u are the man!
Your welcome Glad I could help!!!
  • #136
  • Nov 29, 2009 8:37pm Nov 29, 2009 8:37pm
Well my U/J alarm just went off so maybe this pair is about ready to give up some pips.
  • #137
  • Nov 29, 2009 8:53pm Nov 29, 2009 8:53pm
Quoting NightMoves
Well my U/J alarm just went off so maybe this pair is about ready to give up some pips.


My entry for USDJPY is

BUY 86.94 TP +30 pips

SELL 86.37 TP + 30 pips
  • #138
  • Nov 29, 2009 8:58pm Nov 29, 2009 8:58pm
Quoting kingrex
My entry for USDJPY is

BUY 86.94 TP +30 pips

SELL 86.37 TP + 30 pips
Thats is pretty close to what my sell entry is too, right below the start of the pullback, however there is not a lot of pips to be gained on this pair I dont think. But we will see how it pans out.
  • #139
  • Nov 29, 2009 9:09pm Nov 29, 2009 9:09pm
I was hoping for about 86.29 or so but it may not get there, and thats ok too as I do not ususally trade this session. But if I gained a few pips during this session that would be cool too.
  • #140
  • Nov 29, 2009 9:18pm Nov 29, 2009 9:18pm
Quoting NightMoves
Thats is pretty close to what my sell entry is too, right below the start of the pullback, however there is not a lot of pips to be gained on this pair I dont think. But we will see how it pans out.

Herer are ALL or most entries...

I tryset pendig order but MT giving me problems.

EURCHF

BUY 1.5099 TP +15 pips

SELL 1.5060 TP +15-30 pips


USDCHF

BUY 1.0085 TP + 15 pips

SELL 1.0012 TP +15 pips


EURGBP

BUY 0.9105 TP + 20 pips

SELL 0.9050 TP + 25-50 pips


EURAUD

BUY 1.6469 TP + 15 pips

SELL 1.6376 TP +15 pips


These are pnly entries however and I must confirm with your MA system before placing trade.

USDJPY trade is doing ok looks like...
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