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  • #2,581
  • May 14, 2010 8:40am May 14, 2010 8:40am
Bye all,

Firday is always crazy move and then its a dead slow market in the 2nd half of US session.

I do have a lot to learn from Sho, so I will stay here, if I'm welcome.

Cheers mates
Eric
  • #2,582
  • May 14, 2010 9:06am May 14, 2010 9:06am
Few lessons today.

Firstly, I get a lot of pips on shorting GU and EU with A$38 gain on 0.3 mini lot ($0.3 per pip) (at one stage, it reaches $50);

Then, I went Long on EU and got stopped out just before it took off - loss money instead of getting more money. Lossing money is so easy in this business even my enter is correct.

I short EU when it stopped moving up further which is good, but quit too early.

10 minutes ago, EU and GU are both down very fast, but I can't raise any order with the platform. I called Broker and they said their server having problems.

Big lesson here. Now, it is fine because I am learning and little money. If I am trading $100 per pip. It will be disaster. If really playing for money, must have at least two brokers.

Also, if I can control myself and don't make so many B and C trades. My account will be positive. Today, I make A$21.54 at the end. Not too bad.
  • #2,583
  • May 14, 2010 9:22am May 14, 2010 9:22am
Quoting FOURX
hey build

why not open your own thread and post your trades there, save cluttering this thread and confusing people....

i'm sure people have no interes inevery trade you take,please keep to the method as intended
Disagree with you Fourx.

No a single method will work on all market conditions. It is fine for you to narrow your own mind. However, please don't apply this rule to others. I want to learn more from this thread.

Buildcity, please keep posting.
  • #2,584
  • May 14, 2010 9:24am May 14, 2010 9:24am
Quoting Buildcity
Am I annoying you guys?
Not to me.
  • #2,585
  • May 14, 2010 9:52am May 14, 2010 9:52am
Quoting Buildcity
Bye all,

Firday is always crazy move and then its a dead slow market in the 2nd half of US session.

I do have a lot to learn from Sho, so I will stay here, if I'm welcome.

Cheers mates
Eric
Don't let that post get to you Eric. You make a valuable contribution here and the place would be a lot quieter without your regular input. Keep it up.
  • #2,586
  • May 14, 2010 9:56am May 14, 2010 9:56am
Quoting trade price
agrresive is selling in a downtrend only with candle formation quick in and out.without fib or elliot wave or any other confluence.same with uptrend.
conservative is when we combine three or more confluence together.

yes for aggresive, we dont wait for confirmation.
for conservative bar have to break the low or high to enter.
but remember for conservative u need bigger stop in most of your trades.
choice is your to take it or not.
Thanks allot Sho,

Buildcity your posts are fine to me bro.
Want what the market wants
  • #2,587
  • May 14, 2010 10:04am May 14, 2010 10:04am
Quoting Buildcity
Bye all,

Firday is always crazy move and then its a dead slow market in the 2nd half of US session.

I do have a lot to learn from Sho, so I will stay here, if I'm welcome.

Cheers mates
Eric
Hi Eric,
I am new here but I can say u are doing great job.Your charts can help to people.Keep posting man just ignore this kind of posts and if some people don't like your posts,they can just ingnore them.You are very welcome here mate!!!
  • #2,588
  • May 14, 2010 10:27am May 14, 2010 10:27am
Thank you all, I'm home, this tread is my home.

Eric
  • #2,589
  • Edited 9:22pm May 14, 2010 10:44am | Edited 9:22pm
Quoting Sutts
Thanks for the help Sho, I must start counting moves more often. I think the problem is I'm not confident in my wave counts. I get confused as to whether single green bars like the doji on the EU fall are classed as a wave in themselves. I do count all inside bars as waves though.

I would probably have seen my last entry as being in the 4th move.
Dave,

Check the main thread 1st page, 1st post, see those charts that Sho displayed, I trust you were the first one who picked up the implusive / corrective move. So all you need is to believe youself.

Cheer up man

Eric
  • #2,590
  • May 14, 2010 11:43am May 14, 2010 11:43am
city, your more than welcome, great posts and trades,
part 1 is for learning :nerd:
part 2 is for fun keep it up
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #2,591
  • May 14, 2010 11:54am May 14, 2010 11:54am
No trade on Fri US 2nd session, so do some analysis on EU.

See how the market respect the S&R zone, I use to have a look on day start from D1, H4, check out those S&R level, then go straight down to M15, its my current practice.
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  • #2,592
  • Edited May 15, 2010 2:02am May 14, 2010 1:17pm | Edited May 15, 2010 2:02am
Cheers mate,

You too, keep posting. Eric


Quoting jakdan
city, your more than welcome, great posts and trades,
part 1 is for learning :nerd:
part 2 is for fun keep it up
cheers ant
  • #2,593
  • May 15, 2010 6:10pm May 15, 2010 6:10pm
Hi guys, how do you guys know about the daily support & resistance or weekly support & resistance?

Did you guys get the information from else where or its based on your own judgement?

Still on the learning stage
  • #2,594
  • May 15, 2010 6:13pm May 15, 2010 6:13pm
Quoting ShengL
Hi guys, how do you guys know about the daily support & resistance or weekly support & resistance?

Did you guys get the information from else where or its based on your own judgement?

Still on the learning stage
Hi Shengl,
Just open TF weekly,daily etc.and find this zones on this TF.
  • #2,595
  • May 15, 2010 11:51pm May 15, 2010 11:51pm
Hi mate,

There are plenty of video from youtube on this topic, read some to get the idea.

Inserted Video


Cheers
Eric

Quoting ShengL
Hi guys, how do you guys know about the daily support & resistance or weekly support & resistance?

Did you guys get the information from else where or its based on your own judgement?

Still on the learning stage
  • #2,596
  • May 16, 2010 9:27pm May 16, 2010 9:27pm
Missed that!! (GU M15)
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  • #2,597
  • May 16, 2010 10:27pm May 16, 2010 10:27pm
You can't "pip all mouses", but it will definately be another one...sooner or later



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Quoting Buildcity
Missed that!! (GU M15)
  • #2,598
  • May 16, 2010 10:32pm May 16, 2010 10:32pm
Lovely. If you are patience, the chance will come to you. Cheers

Quoting ithorror
You can't "pip all mouses", but it will definately be another one...sooner or later



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  • #2,599
  • May 17, 2010 12:11am May 17, 2010 12:11am
Entry around 23% retracement after the OB, but a bit high risk as the retracement seems not enough. Exit at last bar as seems to be end of 1st implusive move.
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  • #2,600
  • May 17, 2010 12:50am May 17, 2010 12:50am
Here is another chance for scalping. Retracement around 50%, nice blue pin and forced the price up, sl set right below the 50%. Caught 14p sharp cut.

BTW, same set up can be found on EJ, but a bit late entry and only caught +2
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