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Attachments: From Timex to Rolex via Forex/Igrok style
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From Timex to Rolex via Forex/Igrok style

  • #81
  • Feb 16, 2010 5:24am Feb 16, 2010 5:24am
A bit late with my long. Floating profit 60 pips. Targeting ~0.716 but will act according to the given situation.
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  • #82
  • Feb 16, 2010 5:39am Feb 16, 2010 5:39am
Quoting Mr.C
A bit late with my long. Floating profit 60 pips. Targeting ~0.716 but will act according to the given situation.
Why 0.716?
  • #83
  • Feb 16, 2010 5:59am Feb 16, 2010 5:59am
Quoting belekas
Why 0.716?
DIV.
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  • #84
  • Feb 16, 2010 6:10am Feb 16, 2010 6:10am
Quoting Mr.C
DIV.
Look here hommie. No legit div here. Always remember the above/below waterlevel rule.
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  • #85
  • Feb 16, 2010 6:18am Feb 16, 2010 6:18am
Quoting belekas
Look here hommie. No legit div here. Always remember the above/below waterlevel rule.
I find the divergence really difficult, but it's one area I haven't studied much. I want to ask a question Belekas but I'm gonna be a good student and keep studying until I have made a good attempt at understanding it.

Seems lots of people throughout Igrok's thread get it wrong. I'll keep my mouth shut until I've finished that thread as I don't want to ask a question already asked before.
Maybe money can't buy happiness, but it can give you freedom.
  • #86
  • Feb 16, 2010 6:27am Feb 16, 2010 6:27am
Quoting belekas
Look here hommie. No legit div here. Always remember the above/below waterlevel rule.
We have two crosses below water level and that's the way I understand them..Still learning bro.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #87
  • Feb 16, 2010 6:30am Feb 16, 2010 6:30am
Quoting Mr.C
We have two crosses below water level and that's the way I understand them..Still learning bro.
The cross is above the waterlevel as per my screenshot. Minor crosses that you take for granted doesn't count here.
  • #88
  • Feb 16, 2010 6:34am Feb 16, 2010 6:34am
Quoting belekas
The cross is above the waterlevel as per my screenshot. Minor crosses that you take for granted doesn't count here.
Thank you once more.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #89
  • Feb 16, 2010 6:41am Feb 16, 2010 6:41am
Quoting pipdreamer
I find the divergence really difficult, but it's one area I haven't studied much. I want to ask a question Belekas but I'm gonna be a good student and keep studying until I have made a good attempt at understanding it.

Seems lots of people throughout Igrok's thread get it wrong. I'll keep my mouth shut until I've finished that thread as I don't want to ask a question already asked before.
Reading thru the thread is one thing but taking notes, drawing and seeking to understand the logic behind each post from the author is completely different. Its not a get rich quick scheme as you already know. Take your time and hope that FX will still be here.
  • #90
  • Feb 16, 2010 6:49am Feb 16, 2010 6:49am
Quoting belekas
Reading thru the thread is one thing but taking notes, drawing and seeking to understand the logic behind each post from the author is completely different. Its not a get rich quick scheme as you already know. Take your time and hope that FX will still be here.
Well as long as they don't slap stupid taxes on it like a whole group of people in the UK are campaigning for! If they do I'll be well depressed, putting in all this effort and then never actually trading! Hopefully the chances of that actually happening are extremely small, but you never know. Politicians can do weird things at their international summits!

I'm taking a stupid amount of time to get through the Igrok thread as I'm making notes along the way. Also, for me to try and understand it and not just zoom through requires a lot of my simple mind so I only get a couple of pages done at a time. Maybe I'm a slow learner
Maybe money can't buy happiness, but it can give you freedom.
  • #91
  • Feb 16, 2010 7:26am Feb 16, 2010 7:26am
Quoting pipdreamer
I'm taking a stupid amount of time to get through the Igrok thread as I'm making notes along the way. Also, for me to try and understand it and not just zoom through requires a lot of my simple mind so I only get a couple of pages done at a time. Maybe I'm a slow learner
We are not racing here. Take your time.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #92
  • Feb 16, 2010 7:36am Feb 16, 2010 7:36am
60 pips of floating profit on this one. Will try to be patient.
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  • #93
  • Feb 16, 2010 4:20pm Feb 16, 2010 4:20pm
Quoting Mr.C
270 of floating profit on first position + another short activated.
Second position closed at b/e. First one still running.
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  • #94
  • Feb 16, 2010 4:31pm Feb 16, 2010 4:31pm
Short position stopped out with -25 pips (-1.5%). Reverse order activated and running with 52 pips of floating profit.
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  • #95
  • Feb 17, 2010 12:25am Feb 17, 2010 12:25am
Quoting Mr.C
230 pips of floating profit. SL at 1.439 with 137 pips in the bank.
Stopped out with 137 pips +. Net profit 108 pips (5.5%) as this position was a reverse.
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  • #96
  • Feb 17, 2010 6:11am Feb 17, 2010 6:11am
Quoting Mr.C
We are not racing here. Take your time.
I will, but hopefully not too long

Mr.C you risk 1% on each trade correct? If the position goes against you do you always reverse where the book said to or do you judge each case by itself?

It seems that comb on the Geppy was a beauty. Price powered through it and continued up without taking much notice of the upper border of that ascending wedge. Did you catch it?
Maybe money can't buy happiness, but it can give you freedom.
  • #97
  • Feb 17, 2010 6:26am Feb 17, 2010 6:26am
Quoting pipdreamer
I will, but hopefully not too long

Mr.C you risk 1% on each trade correct? If the position goes against you do you always reverse where the book said to or do you judge each case by itself?

It seems that comb on the Geppy was a beauty. Price powered through it and continued up without taking much notice of the upper border of that ascending wedge. Did you catch it?
1 to 2% is my usual risk according to the given situation. I don't wait for my position to go red, and put reverse orders (when I fell the need) when my initial position is activated. Reverses become the case of my own judgment when I see some strong technical levels that could stop my second order.

I have stayed aside on the Geppy, because there where some things I didn't like about it. Seems that it has played out well. Good for someone, hopefully.. There's always a better trade around the corner.
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  • #98
  • Feb 17, 2010 6:45am Feb 17, 2010 6:45am
Quoting Mr.C
A bit late with my long. Floating profit 60 pips. Targeting ~0.716 but will act according to the given situation.
Out at 0.7075 with 108 pips (5.4%) +.
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  • #99
  • Feb 17, 2010 6:48am Feb 17, 2010 6:48am
Quoting Mr.C
60 pips of floating profit on this one. Will try to be patient.
2nd short loaded going with the trend. Will be cautious with it.
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  • #100
  • Feb 17, 2010 7:53am Feb 17, 2010 7:53am
Quoting Mr.C
Short position stopped out with -25 pips (-1.5%). Reverse order activated and running with 52 pips of floating profit.
1/2 position closed for 93 pips (2.7%) + to pay my initial losses with some profit. The rest still running with SL at b/e.
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