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Nearly Naked (Simple Trades)

  • #3,781
  • Jun 16, 2010 3:52pm Jun 16, 2010 3:52pm
Quoting shahab8b
Saxon, I'm seeing this thing over and over again. Fib 23, just one touch. I missed it once again, I picked Fib 50 on the 4hr chart swing instead of 23 of daily chart swing, my entry was missed by a few pips.#424
Used to happen to me a lot. So now when you look at my chart you will see a purple range box of where I expect the move to take place. I usually set it +/- a few pips out from the actual target in case PA reacts early and I enter when PA enters the box. I usually have a 2 fib overlay with D and H4 or H1 fibs. But ya, fib 23 is solid as a rock. I think the news also helped this one as well. No worries though
  • #3,782
  • Jun 16, 2010 3:54pm Jun 16, 2010 3:54pm
Quoting shahab8b
Saxon, I'm seeing this thing over and over again. Fib 23, just one touch. I missed it once again, I picked Fib 50 on the 4hr chart swing instead of 23 of daily chart swing, my entry was missed by a few pips.#424
Looks like you had the some fib overlay as me too.
  • #3,783
  • Jun 16, 2010 4:04pm Jun 16, 2010 4:04pm
Lets see how this goes
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Annoying Precision
  • #3,784
  • Jun 16, 2010 4:11pm Jun 16, 2010 4:11pm
Still valid
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  • #3,785
  • Jun 16, 2010 4:13pm Jun 16, 2010 4:13pm
Hi Saxon,

How are you..?? I've been away for a while... I have sent you a PM can you pls check it and reply to me, I will heavily appreciate it

Thanks a lot


Regards,

Mahsam
  • #3,786
  • Jun 16, 2010 4:14pm Jun 16, 2010 4:14pm
Quoting Saxon
Looks like you had the some fib overlay as me too.
Yea, you need to have them , you never know which fib is the one big boys are looking, but fib confluence is the key. I think we have great short entries in the upside in E/U, 1.25 follows by 1.2640-50 fib confluence+ S>R area
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  • #3,787
  • Jun 16, 2010 4:19pm Jun 16, 2010 4:19pm
What do you guys think?
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  • #3,788
  • Jun 16, 2010 4:20pm Jun 16, 2010 4:20pm
Quoting mahsam
Hi Saxon,

How are you..?? I've been away for a while... I have sent you a PM can you pls check it and reply to me, I will heavily appreciate it

Thanks a lot


Regards,

Mahsam
Ya, will check it out
  • #3,789
  • Jun 16, 2010 4:23pm Jun 16, 2010 4:23pm
Quoting Saxon
Ya, will check it out
Thanks a lot Saxon really appreciate it


Regards,

Mahsam
  • #3,790
  • Jun 16, 2010 5:06pm Jun 16, 2010 5:06pm
The importance of accepting the market has turned against you and reacting accordingly.
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Annoying Precision
  • #3,791
  • Jun 16, 2010 5:07pm Jun 16, 2010 5:07pm
Looks like Asia is a little late to the Rally game
Going to wait for them to calm down a bit before anymore trades.
  • #3,792
  • Jun 16, 2010 5:10pm Jun 16, 2010 5:10pm
Quoting erikte279
The importance of accepting the market has turned against you and reacting accordingly.
Not your fault. Asia's fault. They got to their desks and turned on their terminals and saw what happend while they were sleeping and were like "holy sh*t!!!!, everyone else is selling/buying, we must too......." they'll settle down after their coffee wears off and realize that they got to the game a little late. Then just trade the correction.
  • #3,793
  • Jun 16, 2010 5:15pm Jun 16, 2010 5:15pm
lol, I was just saying i had orginally held a long with small stop but when the tl broke instead of stubbornly holding the trade i simply took a small loss and switched direction which has turned out profitably. This is a business of mental discipline, not rocket science.

Quoting Saxon
Not your fault. Asia's fault. They got to their desks and turned on their terminals and saw what happend while they were sleeping and were like "holy sh*t!!!!, everyone else is selling/buying, we must too......." they'll settle down after their coffee wears off and realize that they got to the game a little late. Then just trade the correction.
Annoying Precision
  • #3,794
  • Jun 16, 2010 5:24pm Jun 16, 2010 5:24pm
Quoting erikte279
lol, I was just saying i had orginally held a long with small stop but when the tl broke instead of stubbornly holding the trade i simply took a small loss and switched direction which has turned out profitably. This is a business of mental discipline, not rocket science.
Oh, i saw your long-turned-short. It is just that when Asia gets on, it seems that they just look at what happend while they were sleeping. So if the market had a large swing down right beofre they got on (like with GU), they will, it seems, aimlessly just start selling like crazy without doing any analysis of their own. Then they realize that what they did was pretty stupid and switch out their positions. It is actually pretty predictable. It is, to me, very rare to have a valid move with Asia as it comes online. I have been wrong before though. It is just frustrating when they do this, as I am sure your long position is well aware.
  • #3,795
  • Jun 16, 2010 5:27pm Jun 16, 2010 5:27pm
Quoting Saxon
Oh, i saw your long-turned-short. It is just that when Asia gets on, it seems that they just look at what happend while they were sleeping. So if the market had a large swing down right beofre they got on (like with GU), they will, it seems, aimlessly just start selling like crazy without doing any analysis of their own. Then they realize that what they did was pretty stupid and switch out their positions. It is actually pretty predictable. It is, to me, very rare to have a valid move with Asia as it comes online. I have been wrong before though....
See
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  • #3,796
  • Jun 16, 2010 5:40pm Jun 16, 2010 5:40pm
Learn something everyday new everyday, out on my long at b/e.

Edit: short rather

Quoting Saxon
Oh, i saw your long-turned-short. It is just that when Asia gets on, it seems that they just look at what happend while they were sleeping. So if the market had a large swing down right beofre they got on (like with GU), they will, it seems, aimlessly just start selling like crazy without doing any analysis of their own. Then they realize that what they did was pretty stupid and switch out their positions. It is actually pretty predictable. It is, to me, very rare to have a valid move with Asia as it comes online. I have been wrong before though....
Annoying Precision
  • #3,797
  • Jun 16, 2010 5:41pm Jun 16, 2010 5:41pm
Quoting erikte279
The importance of accepting the market has turned against you and reacting accordingly.
See, now they just blew out your short. Now their coffee is wearing off ----jitters smiley
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  • #3,798
  • Jun 16, 2010 5:43pm Jun 16, 2010 5:43pm
The tide may be turning
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Annoying Precision
  • #3,799
  • Jun 16, 2010 5:53pm Jun 16, 2010 5:53pm
Quoting erikte279
Nice, would you mind sharing those pivot indicators?
Actually, I think the pivot indi is this one....Waddah Attar Pivot...
Attached File(s)
File Type: mq4 Waddah Attar Pivot.mq4   5 KB | 314 downloads
  • #3,800
  • Jun 16, 2010 5:54pm Jun 16, 2010 5:54pm
Quoting langdonb
Actually, I think the pivot indi is this one....Waddah Attar Pivot...Attachment
I think they are the same thing, just different name. Waddah shows at the top of my screen when incorporating them.
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