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  • #761
  • Feb 4, 2010 4:23pm Feb 4, 2010 4:23pm
With the massive moves on the rest of the session, you've probably added another 100 pips ... well done ... truly you are doing well my friend

Quoting Nobitacu
Here's a live trade I've been in for the past 2 days or so, entered based on price pull back to form that LH and the bounce of the 38.2 fibo plus the H4 resistance, but should have really waited until price bounced off the 50% fibo instead, but still good, only suffered 40 pips drawback on this one with my SL being 10 pips above the 50% fibo, so SL wasn't reached thankfully, lol. I have a 50 pips trailing stop on it right now, so just ridding this trade as long as I can. This trade has been protected now with a minimum "loss" of +121 pips in profit,...
  • #762
  • Feb 4, 2010 4:46pm Feb 4, 2010 4:46pm
Entered a sell trade on the eur/usd at 1.40080 and just closed the trade at 1.37280 , it was $10.00 trade at + 280 pips for $2800.00
It look like it is rebounding when the nz market open up .
the 4 hr is way oversold . It seems a lot of times when other markets open up other than the US , the trend will turn, or consolidate .Just a thought.

fishman356
  • #763
  • Feb 4, 2010 5:07pm Feb 4, 2010 5:07pm
Attached Image



This is my first time posting a chart, hope it turns out.
  • #764
  • Feb 4, 2010 5:46pm Feb 4, 2010 5:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: eur uds daily.gif Size: 31 KB


Which way will it go?
  • #765
  • Feb 4, 2010 5:57pm Feb 4, 2010 5:57pm
I think we would all be millionaires if we new

Seriously though ... we've had 2 moves down of similar size. We could get a retracement for a 3rd move?

Quoting fishman356
Attachment

Which way will it go?
  • #766
  • Feb 4, 2010 5:59pm Feb 4, 2010 5:59pm
Is that on a demo or real account?

Quoting fishman356
Entered a sell trade on the eur/usd at 1.40080 and just closed the trade at 1.37280 , it was $10.00 trade at + 280 pips for $2800.00
It look like it is rebounding when the nz market open up .
the 4 hr is way oversold . It seems a lot of times when other markets open up other than the US , the trend will turn, or consolidate .Just a thought.

fishman356
  • #767
  • Feb 4, 2010 6:03pm Feb 4, 2010 6:03pm
i reckon a move up ... until new york dumps..lol cheers
jean
  • #768
  • Feb 4, 2010 6:10pm Feb 4, 2010 6:10pm
I think I have the Fibo numbers ass backwards , but I will get the hang of it. Hows the weather down your way , were getting ready for another 12" of snow . temp at 35 degrees , I need some warm weather.
  • #769
  • Feb 4, 2010 6:18pm Feb 4, 2010 6:18pm
Quoting fishman356
I think I have the Fibo numbers ass backwards , but I will get the hang of it. Hows the weather down your way , were getting ready for another 12" of snow . temp at 35 degrees , I need some warm weather.
OK fishman, Snow Shovel Guy... Me Too...

I'm Novice in THV but I would like to see how you utilize FIB's

BMc
  • #770
  • Feb 4, 2010 6:24pm Feb 4, 2010 6:24pm
That was still my demo account. Not ready to trade live again. I try to read all the news I can on the eur/usd. I try to say with one pair,
and learn as much as I can. I traded a little bio company years ago and I knew you bought the stock at 2 to 3 in the afternoon and sell it by 10 or 11 oclock the next day. I would increase my shares each day, It work 80 % of the time until news comes out, and I did very well with this pattern.This Forex market is a bit harder , but it does have a pattern somewere. Still trying to figure it out. I just don't have the time that I need to trade properly. I will one day again.
Have a good day.
  • #771
  • Edited Feb 5, 2010 2:47am Feb 4, 2010 7:44pm | Edited Feb 5, 2010 2:47am
EDIT: Here's the video explanation here

Just got a very quick scalp on EJ ... will do a video shortly for my trades ... sorry I can't show the pips in my account ... the action was just too quick!

Attached Image (click to enlarge)
Click to Enlarge Name: EJthv.png Size: 56 KB


This is M15:
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 16 KB
  • #772
  • Feb 5, 2010 12:58am Feb 5, 2010 12:58am
Quoting stratman
With the massive moves on the rest of the session, you've probably added another 100 pips ... well done ... truly you are doing well my friend
Thanks Stratman, but you're much much better than I when it comes to short-term scalp trades, haha, that I'm still learning, but I do like long-term trades better, mostly because it is much less stressful and less work involved, as well as I don't use any indicator at all when I trade long-term higher TF charts, but I do now thanks to you, with your dashboard, as it really does provide great S/R lines haha, I only use your dashboard for its fractal S/R lines, so the actual dashboard is hidden, just the fractal S/R lines show on my chart. Trading long term is when I finally became profitable, simply because I figured out that the simplest method is the best method, meaning, no MA lines, no indicators are involved or used, as they are all lacking indicators anyways, and I never saw the need to use them while trading long-term charts. All we really need to do to become a successful trader is to only trade with the major trend, never against it, and simply plan your trades off that by using the Fibo, Psychological Round Numbers, and Support/Resistance, watching the PA's reaction to those levels, which would then determine your actions.

The Euro short (yes, it's live, as I've mentioned before, I never trade demo, even while testing methods), has hit my trailing stop, closing out at +263 pips in profit. Not bad for 2 days, it was a great consistent movement down.

Now... I wait for a new setup to happen and come to me, never do I ever need to chase it down myself, haha. It's really almost like the chart is telling me, "Welcome to the Pip Train Express ride Mr. Nobitacu, for the next few days, we'll be traveling nicely in one direction, while serving you non-stop pips for meals until our ride ends. Is there anything else I can do for you?" haha, I love that.

My medium/long-term trading charts setup is really very simple, this is it really.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Setup.jpg Size: 127 KB
  • #773
  • Feb 5, 2010 2:29am Feb 5, 2010 2:29am
263 pips in a single trade ... I haven't managed that yet! Bit hard when my default take profit is 50 pips.

Quoting Nobitacu
Thanks Stratman, but you're much much better than I when it comes to short-term scalp trades, haha, that I'm still learning, but I do like long-term trades better, mostly because it is much less stressful and less work involved, as well as I don't use any indicator at all when I trade long-term higher TF charts, but I do now thanks to you, with your dashboard, as it really does provide great S/R lines haha, I only use your dashboard for its fractal S/R lines, so the actual dashboard is hidden, just the fractal S/R lines show on my chart. Trading...
  • #774
  • Edited 3:06am Feb 5, 2010 2:34am | Edited 3:06am
What a day I've had ... over 200 pips ... I'll mark up and post the trades over the weekend. It was just too easy today and all while I was working on something else ... fixing up my trading videos.

EDIT: Here's 2 of the trades just before exit ... had two others that hit 50 pip take profit before I could take a snap of them

Attached Image


77 + 50 + 50 ( + 38 from earlier) = 215 pips

btw, has anyone watched my latest trading videos ... completely different format ie put the trades on the thread here and then do a video explanation afterwards.

The idea is to make them less boring and allow me to make videos of more of my trades. What do you guys think of the new presentation? Not the same as live but hopefully helpful
  • #775
  • Feb 5, 2010 2:50am Feb 5, 2010 2:50am
Here's the video to go with the trade

Quoting stratman
Just got a very quick scalp on EJ ... will do a video shortly for my trades ... sorry I can't show the pips in my account ... the action was just too quick!
  • #776
  • Feb 5, 2010 2:55am Feb 5, 2010 2:55am
Just added a video explanation of GU 24 pip trade from yesterday. See it here.
  • #777
  • Feb 5, 2010 8:41am Feb 5, 2010 8:41am
Quoting stratman
What a day I've had ... over 200 pips ... I'll mark up and post the trades over the weekend....
Too bad every day is not this easy haha, still, I'm a bit surprised this all happened during the NFP week, when it's usually flat until Friday. =)
  • #778
  • Feb 5, 2010 12:43pm Feb 5, 2010 12:43pm
I enjoy watching your videos and appreciate all the time and effort you are putting into them. I have purchased your DashBoard but I am still looking at a lot of charts and have a ways to go before I start using it. Your videos make it look so easy, but we all know it takes hours and hours of hard work to get to where you are. Hopefully one of these days I will get to that point also.
Over the past fews months I have read through the THV thread also so I am now in the process of putting it all together and with your great help I should be able to reach my goal sooner.
Keep up the great work and thanks
Gene
  • #779
  • Feb 5, 2010 5:09pm Feb 5, 2010 5:09pm
hi stratman, is it possible to make the fractal arrows go back further in time for backtesting purposes?
thanks!
  • #780
  • Feb 5, 2010 5:30pm Feb 5, 2010 5:30pm
Yes it is possible but will cause quite a slowdown for normal operation. I could add a setting for max bars back in history so it is adjustable. Maybe sometime soon.

Quoting rogerdoger
hi stratman, is it possible to make the fractal arrows go back further in time for backtesting purposes?
thanks!
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