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Fibonacci Paradise

  • #1,241
  • Jul 13, 2010 9:54am Jul 13, 2010 9:54am
MrD

The target was .27.

All the bounces were forcastable....89...62 and 44.

quick pips,
  • #1,242
  • Jul 13, 2010 9:58am Jul 13, 2010 9:58am
Quoting Eggster
Patience Bart

Correct me if I'm wrong, but I think both times you said " wroooooong"

you were riiiiight.

This is the beast, a bucking bronco... need nerves of steel to hold on.

First time I was wrong. Second time I was being too anal about 138 pierces.
  • #1,243
  • Jul 13, 2010 10:06am Jul 13, 2010 10:06am
Was 27? I hope it still is.
Keep smiling
  • #1,244
  • Jul 13, 2010 10:56am Jul 13, 2010 10:56am
GJ 4H chart.

Price needs to go to red line.

If it breaks yellow it will go to blue.
Attached Image (click to enlarge)
Click to Enlarge Name: gj prediction.gif Size: 25 KB
  • #1,245
  • Jul 13, 2010 11:19am Jul 13, 2010 11:19am
To be honest, after I took this, I feel don't like this set up

but I am trying to get used to with open fibs. and taking contrary after 138 was hit.
it's like blind folded trading..
Welcome for your comments all.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd130710a.gif Size: 25 KB


Let's see what happen.

FunPip
  • #1,246
  • Jul 13, 2010 11:22am Jul 13, 2010 11:22am
Hi Gnarf

I agree fully, with your 4H

do you see any "needs to go to" on the short side on a smaller TF
  • #1,247
  • Jul 13, 2010 12:05pm Jul 13, 2010 12:05pm
Quoting Eggster
Hi Gnarf

I agree fully, with your 4H

do you see any "needs to go to" on the short side on a smaller TF
No Sorry

I only trade EU, GU and UJ.

In fact only trading EU can give you all you need.

I only looked at the GJ chart to join in the healthy debate.
  • #1,248
  • Jul 13, 2010 12:15pm Jul 13, 2010 12:15pm
Me too, just EU and GU

I haven't traded GY in over a year, I started looking it at again on this thread.

Now I remember why... it is like learning how to drive in a Formula 1 car on race day!
  • #1,249
  • Jul 13, 2010 12:26pm Jul 13, 2010 12:26pm
oops missed something to the downside on gy.. i will be eating shoe promptly it appears
  • #1,250
  • Jul 13, 2010 12:31pm Jul 13, 2010 12:31pm
Quoting Eggster
Me too, just EU and GU

I haven't traded GY in over a year, I started looking it at again on this thread.

Now I remember why... it is like learning how to drive in a Formula 1 car on race day!
That's what I was getting ready to ask you. Do you think we would be better off practicing on another pair?
  • #1,251
  • Jul 13, 2010 12:44pm Jul 13, 2010 12:44pm
Thom we are back at 134.10, .... another chance ???



Funpip... did you TP at .45



Bart.. practicing and following price on GY will sharpen your skills, because there so much movement.

But there are easier pairs to trade, that's for sure.

Who wants to focus on EU and GU ?
  • #1,252
  • Edited 3:40pm Jul 13, 2010 1:05pm | Edited 3:40pm
Quoting ThomKnight
oops missed something to the downside on gy.. i will be eating shoe promptly it appears
I short 2 lots at 133.23, 1 lot at 133.50. I could have taken profit on all positions at the lows this morning for some very good profit. For some reason I hung in for 132.37.

My stop is at 134.74. I am at my kids school concert, nothing I can do lol, except blame myself and enjoy the show. 8 losses on a row are hard to stomach though.
Keep smiling
  • #1,253
  • Edited 3:07pm Jul 13, 2010 1:36pm | Edited 3:07pm
MrD

I TP'd and reversed at 133.13, not sure for how long,

The secret ... my stop is at 133.21




Edit: taken out done for today
Attached Image (click to enlarge)
Click to Enlarge Name: gy134.1.gif Size: 18 KB
  • #1,254
  • Jul 13, 2010 3:35pm Jul 13, 2010 3:35pm
I'm not out yet but I might as well let it run it's course it's so close.

I thought I was ready to trade my own money but clearly not yet. It's not the entries I am struggling with or the sl's, it's taking profit. Greed is ruling me. I could have had plenty of pips profit this morning but I just hung in longer, just a little but more. I did also feel convinced it would hit 132.27. I am now looking at a huge loss, bollocks!

I don't want sympathy, I'm sure I won't get eh D! I think we should post our losses as well as our wins. The new guys watching should recognise that losing is also part of the game to start with.

And so, back to demo I think would be the sensible option for me until I can get that Red Devil off my shoulder and cart him off to BarTstop.

MD.
Keep smiling
  • #1,255
  • Jul 13, 2010 5:06pm Jul 13, 2010 5:06pm
Quoting Misterdaz
I am now looking at a huge loss, bollocks!

MD.
What kind of MM are you using ? how do you size your trades ? how much risk do you use per trade ?

Regardless of what some may say . . . these are relevant and important questions.
20 pips a day isn't too much to ask . . .
  • #1,256
  • Jul 13, 2010 5:23pm Jul 13, 2010 5:23pm
Quoting RaptorUK
What kind of MM are you using ? how do you size your trades ? how much risk do you use per trade ?

Regardless of what some may say . . . these are relevant and important questions.
Spare me the lecture mate I know I know. It wasn't the lot size, it was the fact I got greedy and added to my position which actually worked I just didn't grab my profit went it was there. I'm my own worst enemy, kept hanging in for target even when it moved away. Cardinal sin, if you are up a good amount you should never take a loss.

I lack discipline, simple.

MD.
Keep smiling
  • #1,257
  • Jul 13, 2010 5:23pm Jul 13, 2010 5:23pm
MrD

I am sorry for this buT, someone has to say it.. WTF are you saying dude

"It's not the entries I am struggling with or the sl's,"

YOU ARE STRUGGLING WITH SL'S, you just let 3 lots run 120 pips against you.

That is struggling with accepting a loss, I know.. been there, done that.

READ THE BOOK.

there no bad feelings,had to shake you up.
  • #1,258
  • Jul 13, 2010 5:36pm Jul 13, 2010 5:36pm
Quoting bartstop
I think we're going long and this is why.

Nice Job Bartstop

Way to stick to your guns.

Where now?
  • #1,259
  • Jul 13, 2010 5:50pm Jul 13, 2010 5:50pm
Quoting Eggster
MrD

I am sorry for this buT, someone has to say it.. WTF are you saying dude

"It's not the entries I am struggling with or the sl's,"

YOU ARE STRUGGLING WITH SL'S, you just let 3 lots run 120 pips against you.

That is struggling with accepting a loss, I know.. been there, done that.

READ THE BOOK.

there no bad feelings,had to shake you up.
61.8 to pierce, stop goes the other side of the fib, factor drawdown to there. I put too much risk on is all and didn't take what was on offer. I got greedy.

I'm not saying any more.
Keep smiling
  • #1,260
  • Jul 13, 2010 6:38pm Jul 13, 2010 6:38pm
Quoting Eggster
Thom we are back at 134.10, .... another chance ???



Funpip... did you TP at .45



Bart.. practicing and following price on GY will sharpen your skills, because there so much movement.

But there are easier pairs to trade, that's for sure.

Who wants to focus on EU and GU ?

I am not that smart yet, got Stoploss and result 3 pips only.
I keep learning something for my mental.

I feel more comfortable trading/ tracking on GU. Maybe it's just me...

Cheers All.
FP
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