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Pitchfork Goldmine!

  • #361
  • Jul 15, 2010 5:34am Jul 15, 2010 5:34am
Quoting FX4Newbies
Please explain...just 1/2 risk
on countertrend trades I usually risk just 1/2 of a certain percentage of my account. so if I usually risk 2% of my account, here I just risk 1%.
  • #362
  • Jul 15, 2010 5:47am Jul 15, 2010 5:47am
Okay Ashes. You seem to have a very clear system that you stick to. That's good. For some, counter-trending is a no-no...but whatever people are comfortable with...as long as it works for them to their satisfaction.

It's all good .

Fx4Newbies

Quoting ashes
on countertrend trades I usually risk just 1/2 of a certain percentage of my account. so if I usually risk 2% of my account, here I just risk 1%.
Trade what you see, not what you think or feel. Let the market come to you.
  • #363
  • Jul 15, 2010 6:25am Jul 15, 2010 6:25am
anyone following GU?

couple of nice opportunities if paying attention, +50 +45
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  • #364
  • Jul 15, 2010 6:32am Jul 15, 2010 6:32am
Not following at the moment PeterE...but they look great! When I start the blog, I will be rotating through about 10 pairs, giving a free signal on a different one each day. GbpUsd will be one for sure. Maybe two free signals a day or something. We'll see how it goes. People would probably like to get signals on all at once . It is possible, but that is a whole other ball game? Will have to plan for that if folks are interested.

Thanks for the post.

Quoting PeterE
anyone following GU?

couple of nice opportunities if paying attention, +50 +45
Trade what you see, not what you think or feel. Let the market come to you.
  • #365
  • Jul 15, 2010 6:37am Jul 15, 2010 6:37am
looking forward to having someone else do all the work
  • #366
  • Jul 15, 2010 6:37am Jul 15, 2010 6:37am
Just seeing where we are in the process. Inching to the target?
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Trade what you see, not what you think or feel. Let the market come to you.
  • #367
  • Jul 15, 2010 6:38am Jul 15, 2010 6:38am
How thoughtful you are . By the way, those two GbpUsd trades were close to 100 pips. The money is there you know.

Quoting PeterE
looking forward to having someone else do all the work
Trade what you see, not what you think or feel. Let the market come to you.
  • #368
  • Jul 15, 2010 6:45am Jul 15, 2010 6:45am
Quoting FX4Newbies
How thoughtful you are . By the way, those two GbpUsd trades were close to 100 pips. The money is there you know.

i know, for me it is a matter of logistics, i require more sets of eyes

looking for a trading team, .............this is where your weekly 900 pips will come from
  • #369
  • Jul 15, 2010 6:48am Jul 15, 2010 6:48am
Here is my view of the present Pivot count - Both are looking for P5
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  • #370
  • Edited 7:06am Jul 15, 2010 6:48am | Edited 7:06am
PeterE,

I have someone that I have trained and others in training...but for now, I will be doing the analysis, and the one someone will be clicking...hard for me to do both at the same time.

Maybe we can PM about it once the blog is up and you see how it goes.

Quoting PeterE
i know, for me it is a matter of logistics, i require more sets of eyes

looking for a trading team, .............this is where your weekly 900 pips will come from
Trade what you see, not what you think or feel. Let the market come to you.
  • #371
  • Jul 15, 2010 6:50am Jul 15, 2010 6:50am
the forks on the CHF chart started on June 1 - and are still giving frequency. When it works - no need to change until it does not work
  • #372
  • Jul 15, 2010 6:51am Jul 15, 2010 6:51am
Hey Wave Trader,

I also see 5-pivot counts within your pivot count...the fractal concept. Looking at a P5 myself. Hope it pushes to the target...if not, it did pretty good I'd say.

Quoting Wave Trader
Here is my view of the present Pivot count - Both are looking for P5
Trade what you see, not what you think or feel. Let the market come to you.
  • #373
  • Jul 15, 2010 6:52am Jul 15, 2010 6:52am
That's right!!! When you fine-tune the fork and it works with the market, let it roll.

Quoting Wave Trader
the forks on the CHF chart started on June 1 - and are still giving frequency. When it works - no need to change until it does not work
Trade what you see, not what you think or feel. Let the market come to you.
  • #374
  • Edited 7:44am Jul 15, 2010 7:26am | Edited 7:44am
Let's see if we get the U-MLH target as well.

P.S. Got the U-MLH too!
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Trade what you see, not what you think or feel. Let the market come to you.
  • #375
  • Jul 15, 2010 8:16am Jul 15, 2010 8:16am
Price broke through U-MLH...let's see where it runs out of steam.
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Trade what you see, not what you think or feel. Let the market come to you.
  • #376
  • Jul 16, 2010 3:13am Jul 16, 2010 3:13am
Hello PeterE,

Saw that you asked a question about entry on a green fork. Did not see it on the forum though...was hoping to quote it. Anyway, I presume you were referring to the smaller green fork that was the most recent. My preferred entry there would be at 1.2720 around 4:30 am EST.


Enjoy your Friday,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #377
  • Jul 16, 2010 3:45am Jul 16, 2010 3:45am
Hello traders,

I have been observing the EU for some time...interesting mix...seems like it wants to fall but has a bias upward? It can't do both at the same time for sure. Will continue to watch and look for something more decisive.

Take care,
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Trade what you see, not what you think or feel. Let the market come to you.
  • #378
  • Jul 16, 2010 3:46am Jul 16, 2010 3:46am
risque?

i dont think the market knows itself

GJ20
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  • #379
  • Jul 16, 2010 3:51am Jul 16, 2010 3:51am
Quoting FX4Newbies
Hello PeterE,

Saw that you asked a question about entry on a green fork. Did not see it on the forum though...was hoping to quote it. Anyway, I presume you were referring to the smaller green fork that was the most recent. My preferred entry there would be at 1.2720 around 4:30 am EST.


Enjoy your Friday,

FX4Newbies

yes, sorry, i deleted it
  • #380
  • Jul 16, 2010 3:52am Jul 16, 2010 3:52am
So true. Somehow, this time in the trading week is not the greatest to me. The market just seems more treacherous. If trading is a must for some, then scalping is available I guess.

Quoting PeterE
risque?

i dont think the market knows itself

GJ20
Trade what you see, not what you think or feel. Let the market come to you.
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