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  • #61
  • Edited 9:55am Dec 9, 2009 9:42am | Edited 9:55am
Quoting auxesis
here's the line
I have a 1H trendline that it has just hooked back in to, so I will protect the entry for now. This move hit a fib extension and bounced, so I would double up on a break now. Waiting and filled with hope!

Edit: flat
Edit2: Short the $/CAD now at 1.0578
  • #62
  • Dec 9, 2009 9:55am Dec 9, 2009 9:55am
Quoting GEfx
I have a 1H trendline that it has just hooked back in to, so I will protect the entry for now. This move hit a fib extension and bounced, so I would double up on a break now. Waiting and filled with hope!

Edit: flat
Edit2: Short the $/CAD now at 1.0578
Me too, except without the short cad,
  • #63
  • Dec 15, 2009 6:25am Dec 15, 2009 6:25am
Enclosed my closed setup on YEN today. Got out of bed a bit too late so I missed some of the action. Still, I feel quite good for what I got. Closed all positions further to what was beginning to happen with all 3K - felt like a larger correction is coming up.
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  • #64
  • Dec 18, 2009 11:34am Dec 18, 2009 11:34am
OK, here is my last trade of the week. It was a euro trade after a pull back on the 10M chart. Market was respecting a support line at 1.4353 and had hit a fib. Entry is shows, at 1.4349. I show protection being moved 1.4289, and I ignored the limit in favor of a deeper drop.

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  • #65
  • Jan 5, 2010 11:50am Jan 5, 2010 11:50am
While the Chief hammers on the markets with the big guns, and not to distract from the thread room, here's my short mentioned earlier.

Sometimes you have to trade what you see, even if it's not in concert with others. Imho, it looked like textbook Hill consolidation pattern, retracement hints rather than continuation.

Currently still making lower highs/lows in the correction, but out due to time constraints.

fwiw,
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  • #66
  • Jan 5, 2010 12:07pm Jan 5, 2010 12:07pm
Quoting auxesis
While the Chief hammers on the markets with the big guns, and not to distract from the thread room, here's my short mentioned earlier.

Sometimes you have to trade what you see, even if it's not in concert with others. Imho, it looked like textbook Hill consolidation pattern, retracement hints rather than continuation.

Currently still making lower highs/lows in the correction, but out due to time constraints.

fwiw,

Thank you Auxesis, agree with your picture. I thought that Fti trades in smaller TF, not the daily...To recognize which TF, how to use it is very problematical for beginers like me (i thing that it is...). I struggle to avoid big mistakes i did before, but despite i try, sometimes really dont understant in words.
So i have to thank you that you pressent charts. VERY APPRECIATE!
  • #67
  • Jan 5, 2010 7:28pm Jan 5, 2010 7:28pm
Quoting auxesis
While the Chief hammers on the markets with the big guns, and not to distract from the thread room, here's my short mentioned earlier.

Sometimes you have to trade what you see, even if it's not in concert with others. Imho, it looked like textbook Hill consolidation pattern, retracement hints rather than continuation.

Currently still making lower highs/lows in the correction, but out due to time constraints.

fwiw,
Hi auxesis, that is the way I was looking at it, too. And, kind of thought the overall picture looked Head and Shoulder'ish. Once a pulse is confirmed, I just trade the retraces until they stop working.
  • #68
  • Jan 5, 2010 7:30pm Jan 5, 2010 7:30pm
Quoting Fana

Thank you Auxesis, agree with your picture. I thought that Fti trades in smaller TF, not the daily...To recognize which TF, how to use it is very problematical for beginers like me (i thing that it is...). I struggle to avoid big mistakes i did before, but despite i try, sometimes really dont understant in words.
So i have to thank you that you pressent charts. VERY APPRECIATE!
Hang in there Fana. I hope you are trading that demo account for now. Best wishes.
  • #69
  • Jan 5, 2010 8:30pm Jan 5, 2010 8:30pm
Quoting Fana

Thank you Auxesis, agree with your picture. I thought that Fti trades in smaller TF, not the daily...To recognize which TF, how to use it is very problematical for beginers like me (i thing that it is...). I struggle to avoid big mistakes i did before, but despite i try, sometimes really dont understant in words.
So i have to thank you that you pressent charts. VERY APPRECIATE!
Fana,

Fti's comment on trading the daily charts was just spoken in disgust at the days early lack of movement, so not to give the br0ker a bunch of spreads....... he wasn't serious, and he's not changing is style of trading. Hourly & daily charts are looked at to get the overall picture of trend and movement, trades are taken on the smaller charts - 5's to feel the market.

fwiw.
  • #70
  • Jan 5, 2010 8:49pm Jan 5, 2010 8:49pm
I would use this thread so I wouldn't clutter up the other, but then is there any chance of FTI responding? Hell, I suppose he doesn't have to respond in the main thread anyway. Just, I would prefer to hear the thoughts of someone proficient in the method or w/e rather than a learner.

Regards, Leon
Living the adventure in my head.
  • #71
  • Jan 5, 2010 9:24pm Jan 5, 2010 9:24pm
Quoting Leonlorenzo
I would use this thread so I wouldn't clutter up the other, but then is there any chance of FTI responding? Hell, I suppose he doesn't have to respond in the main thread anyway. Just, I would prefer to hear the thoughts of someone proficient in the method or w/e rather than a learner.

Regards, Leon
Leon,

Firstly understand that FTI has been trading at the highest levels some 25+ years. He has talked, early in the thread, about the ability to feel others trading desks by the way they quote, an experience learned process.

If that was what we saw tonight, I do not know, hopefully FTI will shed some light on his thoughts in the other thread, but the man has a uncanny knack of trading ranges and feeling the market, as in when the runs will start and stop.... again many many years of trading and making market himself.

What you saw tonight was a small snowball in the direction of the current move down, it's false breakout and then a small snowball back to the top of the prior range.

how's he do it?

Understanding the mechanisms of price manipulation and br0kers m.o.'s--- imho.

I would encourage you to read the TAF thread, in there you will find a treasure trove of info and insights to such, as well the necessary tools and mindsets to make it the business.

regards

Regards
  • #72
  • Jan 6, 2010 3:15am Jan 6, 2010 3:15am
Quoting GEfx
Hang in there Fana. I hope you are trading that demo account for now. Best wishes.
Hello GEfx. Thank you and yes, demo is in very good condition... Turn 3000USD to 3400USD.
  • #73
  • Jan 6, 2010 10:45am Jan 6, 2010 10:45am
This mornings working chart w/doodles left

1st trade north was killed for a small loss, 2nd & 3rd break/momentum pushes off the news release, appears I gave up on the last too early, should have trailed it into NY lunch.

fwiw

Fed minutes coming out later, taking a break as see what's up then
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  • #74
  • Jan 6, 2010 10:57am Jan 6, 2010 10:57am
Quoting auxesis
This mornings working chart w/doodles left

1st trade north was killed for a small loss, 2nd & 3rd break/momentum pushes off the news release, appears I gave up on the last too early, should have trailed it into NY lunch.

fwiw

Fed minutes coming out later, taking a break as see what's up then
cosmic lines !! I am pretty much done for the day....you ?
  • #75
  • Jan 6, 2010 11:41am Jan 6, 2010 11:41am
Quoting auxesis
This mornings working chart w/doodles left

1st trade north was killed for a small loss, 2nd & 3rd break/momentum pushes off the news release, appears I gave up on the last too early, should have trailed it into NY lunch.

fwiw

Fed minutes coming out later, taking a break as see what's up then
Thanks for sharing auxesis.
  • #76
  • Jan 11, 2010 7:07pm Jan 11, 2010 7:07pm
Here is the late GBP trade from this morning. The entry level was held for about an hour before it took off, and went to a pre-determined limit level at 1.6175. Most of the TA (except fibs and trend line) were removed.
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  • #77
  • Jan 15, 2010 10:55pm Jan 15, 2010 10:55pm
Quoting GEfx
Most of the TA (except fibs and trend line) were removed.
Attachment
Hi GeFx

I like your clean trading chart.
By the way, if you may, where do you get the fibo indy?
I like it because it is not "messy" comparing to MT4 one.
Can you share it?
Thank you for your time.
  • #78
  • Jan 16, 2010 10:51am Jan 16, 2010 10:51am
Quoting pj.waterloo
Hi GeFx

I like your clean trading chart.
By the way, if you may, where do you get the fibo indy?
I like it because it is not "messy" comparing to MT4 one.
Can you share it?
Thank you for your time.
Fibs come from a tool kit that are of part of my charts.
  • #79
  • Jan 17, 2010 10:02pm Jan 17, 2010 10:02pm
Just playing Dollars and Halves, boredom trades in the Asian, not much movement. Eyelids feel like weights, time for sleepy. Tomorrow is a holiday and thin market, see you all Tuesday.

Shorted originally and flipped.

fwiw,
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  • #80
  • Edited Jan 22, 2010 5:36am Jan 21, 2010 5:35pm | Edited Jan 22, 2010 5:36am
i was lucky with my long entry... i thought it was very oversold and ready for a retracement.
because move up was soo fast i felt it was a stopsweep and flipped in dirrection of the trend.
before the -300+300 rescue i was mostly gambling and then i feel bad about my trades..
after this i was more relaxed and trading was fun again.

today it is obvious it's a retracement and i am glad i did not leave short 10 units in overnight.


pax
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even with my eyes open i cannot see everything
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