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  • #481
  • Apr 20, 2010 9:01am Apr 20, 2010 9:01am
Quoting ogeid
Take it easy you are still the chart's magician. LOL

Have to say when you two guys opened those longs against Cad and Aud, I was terrified. I stick to my plan because Oil and Gold were still raising



Unfortunately we cant corner the market like Jesse was able to.

yeah plenty of counter trend trades today as missed the trends yesterday...Ct trades can really burn you at times.

JPY is looking weak today...look @ UJ.
  • #482
  • Apr 20, 2010 9:02am Apr 20, 2010 9:02am
Quoting ingmarforex
I will stay out now for the rest of the day looks like whe getting choppy crude stocks just opened and dow so i let oil for what it is for now look later for new setup i have 1 short open stop loss 10 pips profit rest was closed at touch 61.8 and ppz
http://i42.tinypic.com/2dseeye.jpg
Well played.
  • #483
  • Apr 20, 2010 9:04am Apr 20, 2010 9:04am
Quoting nasir.khan
Me too

lost all my credibility on this one today.

it was bad day today.
.
Yeah another so-so day...lots of small losses for me...hopefully this week will pan out like last week and we'll get some runners towards the end of the week...I'd much rather play the trend anyday (peaks and valley style).

No credibility lost my friend...the setups were there just didnt work out, though we will look silly going against the trend to some people.
  • #484
  • Apr 20, 2010 9:06am Apr 20, 2010 9:06am
Quoting lovejoy80



JPY is looking weak today...look @ UJ.
True but I like to wait till 94 / 94.5 that would be perfect. I already put an alert on it
  • #485
  • Apr 20, 2010 9:09am Apr 20, 2010 9:09am
Quoting ogeid
True but I like to wait till 94 / 94.5 that would be perfect. I already put an alert on it
What's wrong with 93.60 ...
  • #486
  • Apr 20, 2010 9:14am Apr 20, 2010 9:14am
Quoting lovejoy80
What's wrong with 93.60 ...
You use the PPZ, I was talking about the TL
Attached Image
  • #487
  • Apr 20, 2010 9:18am Apr 20, 2010 9:18am
Quoting ogeid
Hi Nasir,

I followed you and your charts a lot, especially in J16.

I have to say that your ability to spot good confluence areas is amazing.
I understood your method is a mixture of: J16, P&V, Breakout trades, Touch trades, etc.

I read most of J16 and I keep reading it again and again, but your twist to it is intriguing me

I would be nice if you could, when you will find the time,...
Ok this post goes to all the new guy's in this thread.

First of all i did't invented anything i learnt all of this touch trading techniques from Raczekfx post's at J16 thread. and i learned (still learning) it all by reading his posts (no PMs). Here is a post which contains the thread summaries for convenience.

This touch trading is an aggressive style build upon the basics of J16 trading. It looks very simple/profitable and yes sir it is BUT NOT EASY. So i am writing down some very necessary steps for anyone who want's to have a go at this.

1- Go to J16 thread and learn the basics, there are many great people there helping every one and answering every question.

2- Read the first 400 pages and all the thread summaries especially by James, Mike and Raczekfx.

3- Spend some 2-3 months with the basics on the demo and see if your profitable.

4- Fund a real money account and see how it effects you i mean know yourself.

5- Then start to study the advance stuff on a demo account. Post charts and freely discuss your trades here.

It will take precious 6-9 months of your life but by doing all this stuff if you can't trade the advance strategies you will be still making money with the basics.

It's LJ's thread and i am sorry if i hurt anyone and i have no right to do it. But it's my moral duty to show people the right way instead of showing them my winning trades and keep them running in circles.

Good Luck Every One.
  • #488
  • Apr 20, 2010 9:21am Apr 20, 2010 9:21am
Right, Gold tried to scare me by going lower than soaring higher up to 1145.56, but if that area hold then I'll add a short @1139.90 area...this will also pull my AU short down and I've just gone short on AJ too.

Pending order short on GU.

Gone short EU @ 1.3460 [email protected]
[email protected] SL @ 86390 - 1%
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  • #489
  • Apr 20, 2010 9:28am Apr 20, 2010 9:28am
Quoting nasir.khan
Ok this post goes to all the new guy's in this thread.

First of all i did't invented anything i learnt all of this touch trading techniques from Raczekfx post's at J16 thread. and i learned (still learning) it all by reading his posts (no PMs)....


Remember folks that this is a business and there is no shortcut to success. You can only learn to trade succesfully by learning and practising to death fuirst so it is so ingrained in you.

When you think you are ready to trade , my personal recommendation is to opan an Oanda account as you can trade in individual units i.e. as little as 1unit (i.e. 1 micro lot is 1000 units) so you also get the feel of risking real money and the emotions that come with it compared to Demo.

I'll also add, after reading Racs posts ( you will not understnad them straight off...he is quite cryptic at times and I was banging my head against the wall at times trying to understand them!) read Nasir's too.

Nasir I know you are still learning but I definitely learned a good chunk by reading your posts and going through your charts too.

It's taken me 2 years to get where I am now...I doubled my account in the first 6...but I then went and lost my whole account in the next 6months...then I wnet away and learned, practised for the next 6-9 months.
  • #490
  • Apr 20, 2010 9:39am Apr 20, 2010 9:39am
no matter how stressful the market condition is, what can we expect if we don't work together on the excellence of skill. this is one of the best place I can go visiting on FF.

chf/jpy starts showing momentum, usdjpy comes back to my entry point, and gbpjpy short stop to be triggerred soon, I guess.
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  • #491
  • Apr 20, 2010 9:48am Apr 20, 2010 9:48am
Quoting nasir.khan
Ok this post goes to all the new guy's in this thread.

First of all i did't invented anything i learnt all of this touch trading techniques from Raczekfx post's at J16 thread. and i learned (still learning) it all by reading his posts (no PMs). Here is a post which contains the thread summaries for convenience.

This touch trading is an aggressive style build upon the basics of J16 trading. It looks very simple/profitable and yes sir it is BUT NOT EASY. So i...
Great post Nasir , like the man said (its dirt simple ) but it aint easy .

Cheers , Gary
  • #492
  • Apr 20, 2010 10:08am Apr 20, 2010 10:08am
Quoting nasir.khan
Ok this post goes to all the new guy's in this thread.

Good Luck Every One.
Thanks Nasir for taking the time and answer to my post.

As said, I am at the beginning of my learning curve and I in my agenda there is a piece of J16 re-reading every day, plus following the regular progress of his thread.

I sincerely take on board all your suggestions/recommendations.

I thank you and obviously LJ for your help.

Cheers
  • #493
  • Apr 20, 2010 10:13am Apr 20, 2010 10:13am
Could get past first trouble area unfortunately...wont be taking undue losses on my xxx/jpy and xxx/USd shorts now.
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  • #494
  • Apr 20, 2010 10:47am Apr 20, 2010 10:47am
Second gold trade triggered @ 1139.40 SL @ 1144 1%

Will take some profit on EU short @ 1.3418

Looking for EG to break 0.8741, will add position if it does.

Potential for a touch trade on CJ @ 93.70...though strong move up obviously on this pair. Oil not really moving though.
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  • #495
  • Apr 20, 2010 11:03am Apr 20, 2010 11:03am
Quoting lovejoy80



Unfortunately we cant corner the market like Jesse was able to.
Fortunately we don't need to.
  • #496
  • Apr 20, 2010 11:24am Apr 20, 2010 11:24am
Aggressive target for E/U 1.330
  • #497
  • Apr 20, 2010 11:35am Apr 20, 2010 11:35am
Stopped out on UJ, GJ, AJ...need a reversal in dow for decent shorts...looking at weekly chart there is a strong resistance are on dow between 11135 - 11260...obviously this is a large zone though to pick a reversal lol.

Next area of major interest for me on GJ would be nearer 145 area...until then not looking for shorts only longs with the trend (obviously if i'd stuck with my longs yesterday - I picked the reversal remember I wouldnt even be looking for shorts hmmm).

Dow futures stuggling to get above downward 4HR TL.

EG - short pending order @ 0.8738

Gold holding steady but AJ and AU both going up again.
  • #498
  • Apr 20, 2010 11:36am Apr 20, 2010 11:36am
Quoting ogeid
Aggressive target for E/U 1.330
That would be nice...though 13280 would be even better
  • #499
  • Apr 20, 2010 11:41am Apr 20, 2010 11:41am
Quoting lovejoy80
That would be nice...though 13280 would be even better
It is going to take some time but I believe it is going to go there. I agree on Your prevision on parity, may be 1.1
  • #500
  • Apr 20, 2010 11:50am Apr 20, 2010 11:50am
added pending short if it can break PPZ
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