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my trade

  • #661
  • Jul 13, 2010 8:26pm Jul 13, 2010 8:26pm
Quoting ben10
eur/yen long is out and eur/usd short is still running an in the money, what to do with usd/yen then? waiting for compression set up?
i stay away from usdjpy as BOJ intervention often leads to strange pa ...
  • #662
  • Jul 13, 2010 8:55pm Jul 13, 2010 8:55pm
ok im out of here Ciao!
  • #663
  • Jul 13, 2010 10:27pm Jul 13, 2010 10:27pm
http://a.imageshack.us/img149/7538/62216944.png

http://a.imageshack.us/img196/3650/gbp.png
  • #664
  • Jul 15, 2010 10:42am Jul 15, 2010 10:42am
smooth entry sometimes fail too, its none of you making ! just the way it is!

lose some win more

http://img715.imageshack.us/img715/368/smoothentry.png
  • #665
  • Jul 15, 2010 11:05am Jul 15, 2010 11:05am
http://img17.imageshack.us/img17/1015/63931279.png
  • #666
  • Jul 15, 2010 12:10pm Jul 15, 2010 12:10pm
http://img571.imageshack.us/img571/6850/80937934.png
  • #667
  • Jul 15, 2010 5:35pm Jul 15, 2010 5:35pm
some good trades off my old s&r breakout method with the help of MMA - compression, spine curve, fan outs or comb structures.

magic, where would you have drawn your levels for EY this week?
.
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  • #668
  • Jul 15, 2010 10:06pm Jul 15, 2010 10:06pm
Quoting RisingSun
magic, where would you have drawn your levels for EY this week?
Nice trades, Rising Sun. You're on to something good! As for EJ, I had levels at:

113.03
112.31
111.97
111.65

This week was more for observing those levels but will start trading them soon too. Would like to see how they fit in with your trading style.

Have a great weekend.
  • #669
  • Jul 15, 2010 10:31pm Jul 15, 2010 10:31pm
Quoting Magic Trader
Nice trades, Rising Sun. You're on to something good! As for EJ, I had levels at:

113.03
112.31
111.97
111.65

This week was more for observing those levels but will start trading them soon too. Would like to see how they fit in with your trading style.

Have a great weekend.
Thanks Magic. As you can see the two "chaser" trades would not have been made if I had your levels (brown dotted horizontal lines).
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  • #670
  • Jul 16, 2010 3:45am Jul 16, 2010 3:45am
If you don't mind, would you be kind enough to post your levels for next week, as I would like to incorporate your levels in my trading. EU, GU, EJ and GJ if you have. Will post the feedback.

Thanks and have a great weekend - Magic Trader and ben.
  • #671
  • Jul 16, 2010 9:33am Jul 16, 2010 9:33am
Quoting RisingSun
If you don't mind, would you be kind enough to post your levels for next week, as I would like to incorporate your levels in my trading. EU, GU, EJ and GJ if you have.

I will send you what I have, Mr. Rising Sun. Probably one will be Gold too, as I know Ben likes it and I have started observing it.

Have a great weekend guys!
  • #672
  • Jul 16, 2010 11:28am Jul 16, 2010 11:28am
Hi Magic & Risingsun,

i would like to know how you guys playing with the support and resistance level, whats your trading experience like, using this approach?
did you guys wait for these support or resistance level to appear or hit then trade it?
is the price usually bouncing around these support and resistance level? if so how many pips usually it bounce above and below these support and resistance level?

how you guys define these support resistance level? chart and story would be good.

thanks,
ben 10
  • #673
  • Jul 17, 2010 1:18am Jul 17, 2010 1:18am
Quoting ben10
i would like to know how you guys playing with the support and resistance level, whats your trading experience like, using this approach?
Hey Ben, the levels are just strong s/r levels that I trade throughout the week. Rising Sun has been adding them to his rainbow charts to help with entries.

The levels are found purely off PA. Here is an example of a level traded last week and how it was found:

( I don't want your thread to get away from what you're doing, so I will just pm the levels to Rising Sun, and also to yourself if you'd like.)
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  • #674
  • Jul 17, 2010 6:40am Jul 17, 2010 6:40am
Quoting Magic Trader

( I don't want your thread to get away from what you're doing, so I will just pm the levels to Rising Sun, and also to yourself if you'd like.)
fine by me, this what i call "learning" keep on posting the charts , i want more every week if you could, or pm me also ok!

i can see huge benefit and potential in that approach + the compression

for your info- the semi auto EA i worked on can be use to trade your approach and I'M LOVING IT!

the ea is ready sorry for little delay, the programmer just sent me tonite! so expect to receive it in your pm or email next week.
  • #675
  • Jul 18, 2010 4:29pm Jul 18, 2010 4:29pm
My "old" and therefore "to be improved" method explained in green letters. note that it is just the line chart part, purely naked

added, your MMA technique greatly improves my s or r breakout method, and with magic's levels further improvements are guaranteed. huge thanks to both of you
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  • #676
  • Jul 18, 2010 7:51pm Jul 18, 2010 7:51pm
http://img836.imageshack.us/img836/9443/akira.png
  • #677
  • Jul 18, 2010 8:20pm Jul 18, 2010 8:20pm
Hi Rising sun and Magic trader, open your email!

lets finish the project
  • #678
  • Jul 18, 2010 11:47pm Jul 18, 2010 11:47pm
Quoting ben10
http://img836.imageshack.us/img836/9443/akira.png
yes, limit order.

your entry following the resistance rejection is a good one, but with the brown dot lines there, i would hesitate to take it.

looking forward to the one click EA - your email was received smoothly.
  • #679
  • Jul 19, 2010 11:50am Jul 19, 2010 11:50am
i play around with the ea and really frustrating
  • #680
  • Jul 19, 2010 2:56pm Jul 19, 2010 2:56pm
Great thread Ben, been enjoying your charts along with RisingSun's and Magic Trader's.

I've only recently come across LT's use of the MMA on 5sec but it has really opened up some great trading opportunities for me. Been struggling to get enough chart time with my job, but using 5sec I'm aiming to catch Frankfurt and London opens each morning.

So, just great to see you guys trading this way and learning some nice ideas from you too.

If you don't mind, I'd like to tag along for the ride - and post some charts too (I should ask, as it is your journal!)

Cheers
Dan
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