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  • #1,101
  • Apr 29, 2010 6:28am Apr 29, 2010 6:28am
E/J BEOB...what do you think?
  • #1,102
  • Apr 29, 2010 6:28am Apr 29, 2010 6:28am
Quoting ingmarforex
Hi guys didnt post for some time wanna learn good i am studying james 16,and strats thread. When finnished that i do some more.

This is a trade i just took with oil my favorite.


http://i43.tinypic.com/2m4t1c8.jpg
Replace the M's and R's with a fib retracement ...look @ Nasir's post above
  • #1,103
  • Apr 29, 2010 6:29am Apr 29, 2010 6:29am
Quoting ogeid
Wait I need to close my short. LOL

A/U you entered without PA confirmation, just touch and go ?
Yep...only small...not the perfect setup
  • #1,104
  • Apr 29, 2010 6:32am Apr 29, 2010 6:32am
Quoting MCFly
E/J BEOB...what do you think?
Not on my feeds?

The 365 MA stopped it getting to where I wanted to short it - 125
  • #1,105
  • Apr 29, 2010 6:38am Apr 29, 2010 6:38am
Quoting lovejoy80
Not on my feeds?

The 365 MA stopped it getting to where I wanted to short it - 125
ah lol sry I was looking on my 15 min chart. I pin point my entries on the 15 min tf.
  • #1,106
  • Apr 29, 2010 6:40am Apr 29, 2010 6:40am
But the candle on the 15 min stopped at my tl and therefore I prefered a G/U short.
  • #1,107
  • Apr 29, 2010 6:46am Apr 29, 2010 6:46am
Quoting lovejoy80
Replace the M's and R's with a fib retracement ...look @ Nasir's post above
Well you can use M's and R's "sometimes".
.
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  • #1,108
  • Apr 29, 2010 6:49am Apr 29, 2010 6:49am
Quoting MCFly
But the candle on the 15 min stopped at my tl and therefore I prefered a G/U short.
Ahh yes I see now...dont really trade that TF...only if @ a strong PPZ etc then I might scroll down to look for PA. I reckon we'll push through that TL and support below in a bit....

GU was the better immediate option though IMO.
  • #1,109
  • Apr 29, 2010 6:50am Apr 29, 2010 6:50am
Quoting nasir.khan
Can't get better than this.
.
Indeed it cannot...Dow might be presenting us with a opportunity soon too, though xxx/jpy aren't aligned as nice as the UC / Oil combination.
  • #1,110
  • Apr 29, 2010 6:52am Apr 29, 2010 6:52am
BTW alot depends upon 1H close for oil and cad.
.
  • #1,111
  • Apr 29, 2010 6:54am Apr 29, 2010 6:54am
Quoting nasir.khan
BTW alot depends upon 1H close for oil and cad.
.
Yeah and I'm not liking how oil is right now
  • #1,112
  • Apr 29, 2010 8:06am Apr 29, 2010 8:06am
Quoting lovejoy80
Yeah and I'm not liking how oil is right now
OIL, First Trade on FxPro and it is not looking good.
They are probably laughing at me, welcome to another genius!!
  • #1,113
  • Apr 29, 2010 8:07am Apr 29, 2010 8:07am
Quoting ogeid
OIL, First Trade on FxPro and it is not looking good.
They are probably laughing at me, welcome to another genius!!
Teh market likes to get us worried first...I reckon it's coming back , could be wrong but I reckon it will drop.
  • #1,114
  • Apr 29, 2010 8:09am Apr 29, 2010 8:09am
FTA on A/U please this graph is so messy. 0.9220?
Tx
  • #1,115
  • Apr 29, 2010 8:24am Apr 29, 2010 8:24am
Quoting ogeid
FTA on A/U please this graph is so messy. 0.9220?
Tx
9255 it just hit it
  • #1,116
  • Apr 29, 2010 8:41am Apr 29, 2010 8:41am
Takne some profit off the table on my previous trades. With oil and dow futures breakinf their confluence areas...I woudn't expect these to turn into runners...moved SL's up on the remainder.
  • #1,117
  • Apr 29, 2010 11:45am Apr 29, 2010 11:45am
Still have open positions as follows:

short - AU,AJ, EJ, EU, UJ,CJ

Dow has really soared as has oil. I tihnk this market is stretched and we'll get a pullback. xxx/jpy and xxx/usd aren't following the dow up and the dow is essentially out on its own as dax plus ftse futures aren't following. All seems a bit disconnected.

Not looking for runners with these trades though - will be quick to lock in profits.
  • #1,118
  • Apr 29, 2010 1:19pm Apr 29, 2010 1:19pm
Still have positions open...SL and TP set for the night and just reviewing daily charts before shutting down for the day.

Was going over my results and stats and realised I'd got my formulas all wrong for some bizarre reason. So, starting again, in order to achieve my 6 month first target I need to make the following:

- 4.4% per day
- 21.4% per week
- 137.5% per month

and restating my reuslts so far:
Day 1: -3.68%
Day 2: +34.07%
Day 3: +7.54%
Day 4: +3.27%

Total Account Gain is 43.43% on closed positions
  • #1,119
  • Edited 11:39pm Apr 29, 2010 11:28pm | Edited 11:39pm
Very nearly took this last night...but I decided that as it hadn't closed below the round number I'd give it a and just watch...it went to exactly where you'd expect it to go. On the on-majors I look at daily and 4HR charts only...and if I see a setup I'll most likely take full profit @ the FTA unless we arein a deep trend and I feel there could be a chance of a runner.

Exited some of my shorts this morning for losses and left others as is. Not around much this morning but will be back before US GDP. The market looks bullish to me with Eurozone concerns easing, but US GDP will be a big driver of this afternoons action, until then I'd expect the market to move slowly with an upward bias after yesterdays strong Dow move.
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  • #1,120
  • Apr 29, 2010 11:42pm Apr 29, 2010 11:42pm
Quoting lovejoy80
stop and reverse on AU
great work!! I saw that and didnt act holding onto my shorts. price looks like having another crack at .94 now it has broken above the channel. To admit you are wrong, cut the loss and act quickly enough to get a good position in the opposite direction is a psychological challenge. well done
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