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  • #184,101
  • Jan 23, 2010 5:37pm Jan 23, 2010 5:37pm
Quoting SkyzerFX
So? What is your point? Are you saying those who trading EU from Monthly

or Weekly charts doesn't placing like 200-300 pips stop loss or even 400?

15% down to get 50% later seems reasonable risk reward for me, cause it

might go to 950 or may not, just buy more if it does.

People trading over different Time Frames, yours are M30-H1

But you are not betting as much as those who playing with Weekly

I can invest 100k in Gold and you will be continue to scramble peanuts

cause no way you going to risk 100k shorting GOLD and sleep well at...
Mal changes system now and then trying to find the holy grail and cannot accept to lose, right Mal! that is Mal story...
  • #184,102
  • Jan 23, 2010 6:46pm Jan 23, 2010 6:46pm
Quoting Estero
Mal changes system now and then trying to find the holy grail and cannot accept to lose, right Mal! that is Mal story...
This is sarcasm right?

Donnie
  • #184,103
  • Jan 23, 2010 9:20pm Jan 23, 2010 9:20pm
lol scramble peanuts ? what does that mean ?

think you know how or what I trade and lot sizes?

sure you can invest 100 k in gold . Maybe you are down 15 k or more already who knows . Maybe you are willing to hold until you gold is 900 and you are down 35k or more. Who cares. I am NOT willing to risk mopre than 1% on my acocunt no matter long or day trade position. Just cause I day trade does not mean I risk less on account than a swing trader.

I trade these markets every day . I have been short GS since 173. risk was 10 k reward MUCH higher. Think I am bullshitting go to vsa thread I am member of and see my GS posting of extact trading plan and exact entry ( day of) , last week was making a killking selling ES ( again look on posting whrre I called top of es 1050 and banter between sinner and I )

Also comment on how muych I risk . If someone wants to trade a weekly / daily / or day trade risk on account should be the same IMHO. A weekly trader takes positions with stops of 400 pip .. to make how much ? 800 . How much ius that 400 pip stops on account ? 10 % ? 20 % ? 30 % ? IF you are wrong you are wrong and in my mind risk on any trade in any account should not be more than 1.5% .. that is just good trading practise.

I day trade every day with a 1 :2 risk reward ratio... i produce more than 10% per month . Why even bother swing trading ?

I am just getting sick and tired of you spewing bullshit about usd and preaching to everyone how it is going to tank.

If you want to risk 30% on acocunt by buying at 1200 and watch it go to 900 fine. If you want to lose all profit by buying at 920 and watching it go to 920 fine.

I am a trader NOT an investor.

also of note for long term I am short eu and gu (gu close to 1.7000) with target 1.3500 so i do have some position trades.

as you are now a weekly trader I remind you of the DX weekly .....UP

You talk about monthly. I provide you the monthly chart .... engulfing in DEC

IF 76 breaks to the down side then yes weekly has changed and you can stand on your orange box and predict that the dollar is going to tank due to this and that . But until that 76 is taken out strong chance we see 90 test on DX

FACT IS EVERYTHING WE NEED TO KNOW IS IN THE CHARTS AND A REAL TRADER WILL TAKE ADVANTAGE OF THAT .

Attached Image (click to enlarge)
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Quoting SkyzerFX
So? What is your point? Are you saying those who trading EU from Monthly

or Weekly charts doesn't placing like 200-300 pips stop loss or even 400?

15% down to get 50% later seems reasonable risk reward for me, cause it

might go to 950 or may not, just buy more if it does.

People trading over different Time Frames, yours are M30-H1

But you are not betting as much as those who playing with Weekly

I can invest 100k in Gold and you will be continue to scramble peanuts

cause no way you going to risk 100k shorting GOLD and sleep well at night,

and...
Blogging daily now at www.volume.zone
  • #184,104
  • Jan 23, 2010 9:23pm Jan 23, 2010 9:23pm
Quoting Estero
Mal changes system now and then trying to find the holy grail and cannot accept to lose, right Mal! that is Mal story...

yup that is right. I lose everyday and rob from banks to feed my fx habit.

what do you know about me ?

I have been using vsa for 2 years , rsi before that. RSI has developed into smoother rsx. I have added value area in last 8 months as i was messing with market delta before about 3 years ago.
Blogging daily now at www.volume.zone
  • #184,105
  • Jan 23, 2010 9:24pm Jan 23, 2010 9:24pm
Quoting uraceulose
This is sarcasm right?

Donnie
no this is Estero being a twat ....I think
Blogging daily now at www.volume.zone
  • #184,106
  • Jan 23, 2010 9:25pm Jan 23, 2010 9:25pm
I used to respect your insight buddy, but lately I would have to say I must reconsider. Only thing I can say is maybe you should stick to the gbp/yen that seemed to be your thing. in regards to the EU. Greece is a non issue. Currently the only thing stopping the continueing eu rise. last months drop, pure retrace. China fixing their numbers, U.S fixing their numbers. Cash for Klunkers was an adrendiline shot for the U.S which is slowly wearing off. Real unemployment numbers will start to resurface, and as we all know GDp isn't climbing as fast as expected. Hopefully we will have a solid rebound for the economy in place by the end of the 3rd quarter, and then the fed can seriously start to consider quantitve easing, and rising rates. until then Eu will continue to rise possibly topping out at 1.6 again. Remember: Every country wants a weaker currency during these times. U.S has not outright said it, but their actions have shown it. Obama knows all of the right things to say to make that happen. everyone is also looking at China as a model. Weaker currency=faster recovery. EU have historically liked having the stronger currency, thus the reason for them being last to lower rates, and will be first to raise. once u.s does get back into swing, like I said last January in a post, I'll be a USD bull for the next 4 to 8 years aka replication of the clinton era. (Look at the charts if you need to know what that means) I'm Done!

Edit: after reading Malcolmbs last post I retract the first 2 lines of this statement. I thought he was claiming to have been using VSA for much longer which we both knew he wasn't! Sorry bout that Malc.
All that is left in FF is just plain garbage. "Cloggie"
  • #184,107
  • Jan 23, 2010 9:40pm Jan 23, 2010 9:40pm
tony .... thanks for insight of GJ. Guess eu is not my thing .. refer to next post though before you make judgement on this.

I am just following DX on the daily charts for better insight into EU. As fx volume on daily charts is hard to read , so i get my daily form dx and 6e.

. I have to trade only GU and EU right for reasons I will keep to myself.

here is weekly DX showing very clear strength and even buying on dips

This weekly had massive volume ,, alot of that volume came on Friday where tha candle closed on a down bars of its lows indicating potential buying / test

as mentioned the level of 76 is key for me in dx.

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Quoting tonyo524
I used to respect your insight buddy, but lately I would have to say I must reconsider. Only thing I can say is maybe you should stick to the gbp/yen that seemed to be your thing. in regards to the EU. Greece is a non issue. Currently the only thing stopping the continueing eu rise. last months drop, pure retrace. China fixing their numbers, U.S fixing their numbers. Cash for Klunkers was an adrendiline shot for the U.S which is slowly wearing off. Real unemployment numbers will start to resurface, and as we all know GDp isn't climbing as fast as...
Blogging daily now at www.volume.zone
  • #184,108
  • Jan 23, 2010 9:40pm Jan 23, 2010 9:40pm
no more malc vs sky......but a new show.....tony vs malc ? i love this place !
hang on to your bread......unless you want toast
  • #184,109
  • Jan 23, 2010 9:45pm Jan 23, 2010 9:45pm
Quoting Gld
no more malc vs sky......but a new show.....tony vs malc ? i love this place !
Not even. I learned a lot from Malc in regards to the beast(gbp/yen) Hell I remember alerting him to the valuable use of the ignore button when we had the show me your account idiots. Peace!
All that is left in FF is just plain garbage. "Cloggie"
  • #184,110
  • Jan 23, 2010 9:48pm Jan 23, 2010 9:48pm
tony have a read of this PM for someone that asked for my help when a buddy got into trouble by selling eu off the top ..... His account is not large enough for the draw down he was getting. As far as I know using my limit of bounce / retrace and re sell position they have managed to recoup a large amount of their loss

NOw tell me i should stick to GJ .....

Dec 17, 2009 2:56pm
malcolmb14 http://cdn.forexfactory.com/images/s...ser_online.gif
The Milky Bar Kid
Member Since Apr 2007
http://cdn.forexfactory.com/images/misc/10+kt.gif 13,045 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif Re: Help Dear Malcolmb
Put it this way he is in trouble. BIG trouble

He actualy bought right at the top of what could be a 4000 pip drop that is just beginning.

Now in saying that .....here is a plan that may work for him

I understand by the anount of draw down he entred 30 lots sell at 1.5070 , please confirm.

EU will reatrce , by how much though i an not sure. I expect bounce off 1.4250 , then up move to 1.4500 to 1.4650 . This is where he needs to exit his position with a loss of 570 pip (assuming 1.4500). Hard to swallow I know.

loss will be 171,000 K

In understand his acocunt is 250,000 large ?

that mean he has 79,000 left to recover 171,000. Is this possible is our next question .

on the daily chart a 50% fib reatrce is 1.3700. This is my minumum down side targets , and we could go as low as 1.1500

1.4500 to 1.3700 is 800 pips . We aren ot going to reciver all of this in one go.

Here is my idea . Take 10lot trade of the 79,000 left , either at 1.4500 or 1.4680 depending on where we get retrace to.

stop is 150 pips ( 15 k ).

target 1,3700 (800 pip or 80 k ). When it reaches close to this pm me once more and lets see what i think of markets. If i am still bearish at that time outr next target eu is 1/3000 , good for your freind as he can make an additional 70 k , so he has recouped 150 k of his money

He has screwed hinself / herself as they should have been selling and would have made a shit load on downside.

usd is actualy going to go into a buy supercycle. DX is just in wave 1 .I am hoping the wave 2 reatrcement dx into 76.xx allows your freind to get out at 1.4500. it is very critical you contact me if we get reatrcement to 1.4500 ish to find out wehat i am thinking and what markets looks like to me

wave 3 dx is going to 85. Please do not allow him to stay in eu long if it retrace to 1.,4500 he hasto get out take loss and get short as per my plan .



Quoting tonyo524
I used to respect your insight buddy, but lately I would have to say I must reconsider. Only thing I can say is maybe you should stick to the gbp/yen that seemed to be your thing. in regards to the EU. Greece is a non issue. Currently the only thing stopping the continueing eu rise. last months drop, pure retrace. China fixing their numbers, U.S fixing their numbers. Cash for Klunkers was an adrendiline shot for the U.S which is slowly wearing off. Real unemployment numbers will start to resurface, and as we all know GDp isn't climbing as fast as...
Blogging daily now at www.volume.zone
  • #184,111
  • Jan 23, 2010 9:49pm Jan 23, 2010 9:49pm
Quoting Gld
no more malc vs sky......but a new show.....tony vs malc ? i love this place !

no Tony is good guy

Sky on the other hand reminds me of one of those guys with a bill board strapped to hime saying the end of the world is here.
Blogging daily now at www.volume.zone
  • #184,112
  • Edited 9:52pm Jan 23, 2010 9:49pm | Edited 9:52pm
Quoting tonyo524
Not even. I learned a lot from Malc in regards to the beast(gbp/yen) Hell I remember alerting him to the valuable use of the ignore button when we had the show me your account idiots. Peace!
the only time i ever have used the ignore button is on my p.c. and that is to ignore gbp/jpy
hang on to your bread......unless you want toast
  • #184,113
  • Jan 23, 2010 9:54pm Jan 23, 2010 9:54pm
one last comment...

weekly chart

wave 1 and 2 complete
wave 3 could go all way to 1,3500 IF that 1.4000 major support gives way .

I am only saying 1.3500 for now , but in fact under 1.4000 the trading band s/wr lines 500 pip. That is how EU moves on higher time frames in 500 pip chunks. I have placed blue lines at every 500 pip to make this more evident.

so breaks 1.4000 , support 1.3500 , breaks that 1.3000 , breaks that 1.2500

finds support 1.4000 with a doji over the next week then yes chance we move back to 1.4500..... but at this moment , with ending close to low of last week favouring break to downside right now

I do not listen to fundies . They make no sense. I will say this over and over everything we need to know is in the charts no screaming how usd will fail is required.

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Blogging daily now at www.volume.zone
  • #184,114
  • Jan 23, 2010 10:01pm Jan 23, 2010 10:01pm
Quoting malcolmb14
no Tony is good guy

Sky on the other hand reminds me of one of those guys with a bill board strapped to hime saying the end of the world is here.
there are a few good guys arn'd here.....you know who you are....only being arn'd less than a year,it wasn't hard to figure out.keep up guys...when and if the time is appropriate i'll try and contribute , it's nice to see charts that coincide with mine.
hang on to your bread......unless you want toast
  • #184,115
  • Jan 23, 2010 10:01pm Jan 23, 2010 10:01pm
one more weekly

lets assume wave 1 and 2 have completed and we are in wave 3

wave 3 is much more powerful than wave 1. I am targeting 1.3500 / 1/3200 for wave 3

again we have to get weekly close under that 1,4000 massive support level for wave 3 to continue.

Attached Image (click to enlarge)
Click to Enlarge Name: chart1647.png Size: 194 KB
Blogging daily now at www.volume.zone
  • #184,116
  • Jan 23, 2010 10:07pm Jan 23, 2010 10:07pm
Quoting malcolmb14
tony have a read of this PM for someone that asked for my help when a buddy got into trouble by selling eu off the top ..... His account is not large enough for the draw down he was getting. As far as I know using my limit of bounce / retrace and re sell position they have managed to recoup a large amount of their loss

NOw tell me i should stick to GJ .....

Dec 17, 2009 2:56pm
malcolmb14 http://cdn.forexfactory.com/images/s...ser_online.gif
The Milky Bar Kid
Member...
Nothing really needs to be said other than great work. Like I said earlier, You used to do your thing in the GBP/YEN, now all I can say is, welcome to the eu, the other white meat lol. (Disclaimer: You have to be a U.S citizen and have seen the pork commercials to get the joke.)
On serious note though, my ref was to the dollar picking up steam. I'm currently in a large drawdown on my live account, and on a demo for a friend, but to no worries though. will make money with this market either direction. Only way I won't be making pips, is if the market goes into a standstill. Good Pipping this week to you and the rest of FF speak to ya later.
All that is left in FF is just plain garbage. "Cloggie"
  • #184,117
  • Jan 24, 2010 1:48am Jan 24, 2010 1:48am
Anybody agree that :-

Gold = tanking
US dollar = rocket
Pound = tanking
Euro = rocket
Yen = tumble

With result :-

EU = welcome 1.43
EY =130.30-131.50-132.70-133.20
GY = Welcome 141.50-139.50
GU =1.5750-1.5350
UY = 90.50-91.50-92.40

come vote for that........
  • #184,118
  • Jan 24, 2010 1:56am Jan 24, 2010 1:56am
Hi GRashid....i am very impressed with your trade ideas....i have sold gbp at 1.6180...can you just advice me bro where shouls i put mt stop loss....
  • #184,119
  • Jan 24, 2010 2:04am Jan 24, 2010 2:04am
Quoting grashid
Anybody agree that :-

Gold = tanking
US dollar = rocket
Pound = tanking
Euro = rocket
Yen = tumble

With result :-

EU = welcome 1.43
EY =130.30-131.50-132.70-133.20
GY = Welcome 141.50-139.50
GU =1.5750-1.5350
UY = 90.50-91.50-92.40

come vote for that........
Here's my thoughts

EU = 1.15-1.30
EY=hmmm
GY=180-190
GU=1.71-1.73
UY=hmmm
  • #184,120
  • Jan 24, 2010 2:05am Jan 24, 2010 2:05am
Quoting MHuzaifa
Hi GRashid....i am very impressed with your trade ideas....i have sold gbp at 1.6180...can you just advice me bro where shouls i put mt stop loss....
mm..usually am not putting SL in my setting so dunno how to advice u lol

However if i become u, i'll put my SL@ BE+10 or 20pips then let her run her own self ...check my overall view through my blog except EU & EY as I need to see how the action and reaction between sentiment vs PA till Tuesday Asian or London open...

good luck
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