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  • #185,101
  • Jan 26, 2010 2:28pm Jan 26, 2010 2:28pm
ranging conditions

Due to price being under yesterdays value area I am still selling rallies

on move up there was NO volume. NOt sure if this is just lack of buying interest or just lack of interest before FOMC.

Sold off prior resistance. Taking 25 to 40 a time , stops 30 , only the best trades . 2 x winners today

gold took off after stopping vol on 10 min chart. I was playing with that today. also ES had a rest day with a nice up move off globex lows , and broke thru the vlue area of the prior trading day , so suited my rules for playing long side.

Quoting gatorinla
lots of constipation in here.. where was last support... its now resistance.. below it bears still control situation.. we never even passed a baby resistance.. its called consolidation until.. look at a bigger tf. you may see flag.. but then again many see what they want. many times there are flags on this pair. first it was bear then bull now bear again.with or without a pole... it may but 4111 will have to be broken then 4139 for bulls to gain control.. an uphill battle.. unlikely. but not impossible. support at 4054 still there and a bounce from...
Blogging daily now at www.volume.zone
  • #185,102
  • Jan 26, 2010 2:28pm Jan 26, 2010 2:28pm
Vol increasing on the 5mn down move...if it keeps moving like this it might reach 1.4050 sooner than i thought
COT: The precious data ignored
  • #185,103
  • Jan 26, 2010 2:29pm Jan 26, 2010 2:29pm
Quoting gatorinla
then you should place all your money long. because its just a matter of time before you drain your account. this will save you time. time is more precious then money.
Just give him the addy Gator. It would be the most efficient approach.
  • #185,104
  • Jan 26, 2010 2:31pm Jan 26, 2010 2:31pm
Quoting malcolmb14
ranging conditions

Due to price being under yesterdays value area I am still selling rallies

on move up there was NO volume. NOt sure if this is just lack of buying interest or just lack of interest before FOMC.

Sold off prior resistance. Taking 25 to 40 a time , stops 30 , only the best trades . 2 x winners today

gold took off after stopping vol on 10 min chart. I was playing with that today. also ES had a rest day with a nice up move off globex lows , and broke thru the vlue area of the prior trading day , so suited my rules for playing...
Hey malcomb - did you call Brian Henson to let him know you located one of his escapees?
  • #185,105
  • Jan 26, 2010 2:31pm Jan 26, 2010 2:31pm
Quoting malcolmb14
ranging conditions

Due to price being under yesterdays value area I am still selling rallies

on move up there was NO volume. NOt sure if this is just lack of buying interest or just lack of interest before FOMC.

Sold off prior resistance. Taking 25 to 40 a time , stops 30 , only the best trades . 2 x winners today

gold took off after stopping vol on 10 min chart. I was playing with that today. also ES had a rest day with a nice up move off globex lows , and broke thru the vlue area of the prior trading day , so suited my rules for playing...

Thanks Malcom ....i kept saying there was no vol on the upmove... i dunno the reason neither but it looked fake to me
Heading down now for a big move i hope
COT: The precious data ignored
  • #185,106
  • Jan 26, 2010 2:31pm Jan 26, 2010 2:31pm
Quoting malcolmb14
do a a little exercise ...

Do a little spread sheet. assume 40 pip is ONLY .5% of account per day. Work out the math . The compounded effect of 40 pip per day which is .5% return on account is massive

2k grows to about 30 k in 3 years ... sound like a long time I know but once you get to this point , but by this time you have your system dialed in. Year 5 your 2k is worth about 580 k
I agree - take your profits regularly and compound the balance is the fastest way. I only took 20 pips from yesterdays 100 pip drop. It is frustrating not participating in the big moves but the fact is the big moves are rare. You can get more pips taking profits regularly on smaller moves than you can giving back profits and waiting for a big one. I took 60 pips the day before and the market didnt move at all. Plus you have the advantage of more regular compounding so you are way in front. You can leave 10% on the table in case the big move does happen and then you can brag about the 300 pips you captured. I dont bother, I take my profit, the market can do what it likes after that. I get about 200 pips every week so what does it matter to me
BTC Return This Year: na
  • #185,107
  • Jan 26, 2010 2:34pm Jan 26, 2010 2:34pm
here is chart of ES from broco trader ...

the red lines are high volume pivots.

Nice little sell off yesterdays highs for 10 points so far

been very busy trading today not much posting

Attached Image (click to enlarge)
Click to Enlarge Name: chart04a.jpg Size: 110 KB


Quoting malcolmb14
ranging conditions

Due to price being under yesterdays value area I am still selling rallies

on move up there was NO volume. NOt sure if this is just lack of buying interest or just lack of interest before FOMC.

Sold off prior resistance. Taking 25 to 40 a time , stops 30 , only the best trades . 2 x winners today

gold took off after stopping vol on 10 min chart. I was playing with that today. also ES had a rest day with a nice up move off globex lows , and broke thru the vlue area of the prior trading day , so suited my rules for playing...
Blogging daily now at www.volume.zone
  • #185,108
  • Jan 26, 2010 2:38pm Jan 26, 2010 2:38pm
Quoting traderuros
i bought it 1h ago....
not now
Attached Image (click to enlarge)
Click to Enlarge Name: hen.png Size: 14 KB
  • #185,109
  • Jan 26, 2010 2:38pm Jan 26, 2010 2:38pm
Quoting malcolmb14
do a a little exercise ...

Do a little spread sheet. assume 40 pip is ONLY .5% of account per day. Work out the math . The compounded effect of 40 pip per day which is .5% return on account is massive

2k grows to about 30 k in 3 years ... sound like a long time I know but once you get to this point , but by this time you have your system dialed in. Year 5 your 2k is worth about 580 k
Play around with "another Look.xls" and take your first steps towards your dream plan

http://www.forexfactory.com/showpost...stcount=179172


TF
  • #185,110
  • Jan 26, 2010 2:41pm Jan 26, 2010 2:41pm
Quoting M.A.C.Doug
I agree - take your profits regularly and compound the balance is the fastest way. I only took 20 pips from yesterdays 100 pip drop and it is frustrating not participating in the big moves but the fact is the big moves are rare and you can get more pips taking profits regularly on smaller moves than you can giving back profits and waiting for a big one. I took 60 pips the day before and the market didnt move at all. Plus you have the advantage of more regular compounding so you are way in front. You can leave 10% on the table in case the big move...
That is so true!

Remember Atlast? He got it through my thick head that (if at all possible) to never let a trade that is in profit, turn negative. Much better to take 10 pips and put it in your pocket, that it is to let it run (say) negative 40 pips in the belief that the 'big move' will come.....because it just may not! 5 trades per day at 10 pips each is not hard to achieve, and it is a nice little earn. If other moves come where you can capitalize, great, but never ignore or scoff at the small profits......because they will add up quicker than you may think!

As I've said here before, who won the race....the Hare or the Tortoise?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #185,111
  • Jan 26, 2010 2:50pm Jan 26, 2010 2:50pm
Looking to sell at the break point of the inverted flag around .4150. or TL shown at about the same level. A retest is due, this forming inverted H&S culd be the first sign.
Attached Image (click to enlarge)
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  • #185,112
  • Jan 26, 2010 2:53pm Jan 26, 2010 2:53pm
Quoting TrooperCoope
SL at BE now... no run, no fun!

Stopped out at BE... what a sissy! Gonna wait for asia now...
  • #185,113
  • Jan 26, 2010 3:00pm Jan 26, 2010 3:00pm
Quoting malcolmb14
ranging conditions

Due to price being under yesterdays value area I am still selling rallies

on move up there was NO volume. NOt sure if this is just lack of buying interest or just lack of interest before FOMC.

Sold off prior resistance. Taking 25 to 40 a time , stops 30 , only the best trades . 2 x winners today

gold took off after stopping vol on 10 min chart. I was playing with that today. also ES had a rest day with a nice up move off globex lows , and broke thru the vlue area of the prior trading day , so suited my rules for playing...

Hi Bro,

Please excuse the request, but could you explain or give a well explained link about value area, what is it, how to calculate it and how to use it?

Great thanks.
No Signal, No Trade. No fundamenals, No headache.
  • #185,114
  • Jan 26, 2010 3:06pm Jan 26, 2010 3:06pm
Quoting TheLastCoke
Looking to sell at the break point of the inverted flag around .4150. or TL shown at about the same level. A retest is due, this forming inverted H&S culd be the first sign.
would 4162 fit in your diagram?
those who can, do. those who cant, talk about those who can
  • #185,115
  • Jan 26, 2010 3:09pm Jan 26, 2010 3:09pm
Quoting gatorinla
would 4162 fit in your diagram?
Gato, you also think it will retrace to 1.416xx, due to head and shoulder.?
I am back. Actually, I never left...
  • #185,116
  • Edited 3:36pm Jan 26, 2010 3:10pm | Edited 3:36pm
Quoting gatorinla
would 4162 fit in your diagram?
.4162 will be outside the TL, in wich case i would think of cut my shorts.
(the only possibility is if it goes RIGHT NOW straight up)
  • #185,117
  • Jan 26, 2010 3:17pm Jan 26, 2010 3:17pm
Quoting taragula
Gato, you also think it will retrace to 1.416xx, due to head and shoulder.?
nope.. but it dont matter what i think. but 4111 would be important. IF we were to go higher. it puts us if respected to a target 4162 plus slippage..just a reading i took but other levels are not respected much so its doubtful.. still bearish... smaller tf measurment said 4120 as a possible retrace plus slippage maybe 4128... but this one is doubtfull without much respect for 4086..
those who can, do. those who cant, talk about those who can
  • #185,118
  • Jan 26, 2010 3:22pm Jan 26, 2010 3:22pm
morning fellas, no need to reply
  • #185,119
  • Jan 26, 2010 3:22pm Jan 26, 2010 3:22pm
Hi frainds .. i am looking for this indicater which draw to me these colored lines autmaticly in any time frames, i saw it in FF , but i dont know where it is
Attached Image (click to enlarge)
Click to Enlarge Name: 27-01-2010 12-11-46 ص.png Size: 9 KB
Never sell @ lower upward channel unless breacked and vise versa .
  • #185,120
  • Jan 26, 2010 3:31pm Jan 26, 2010 3:31pm
My charts are paused right now.
I am back. Actually, I never left...
606 traders viewing now, 1 is registered:
F.g