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  • #2,781
  • Jul 15, 2010 1:34am Jul 15, 2010 1:34am
Daily BEOB...breakout and retrace on 1HR...I love getting into daily setups with small risk. SL @ BE now...if it runs down then great but if it doesn't then moving on.
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  • #2,782
  • Jul 26, 2010 12:36pm Jul 26, 2010 12:36pm
How goes it LJ?
  • #2,783
  • Jul 27, 2010 5:35pm Jul 27, 2010 5:35pm
Quoting sam0182
How goes it LJ?
Hi Sam
Everything is going ok...not really liking these choppy summer intraday markets and have had a few losses over last few days but account is still progressing ok.

Not been posting here anymore as well, the journal served its purpose. I learnt a lot about my trading and areas I needed to improve and now I just focus and concentrate on trading my plan...plus busy with a few other projects too so not got much time to post, but if anyone wanted my comment on a setup in line with my trading style I'd be more than happy to comment etc. here.

How's things for you?
  • #2,784
  • Jul 27, 2010 6:54pm Jul 27, 2010 6:54pm
Glad to hear, I'm sure I'll check in from time to time via this thread/PM.

Things are progressing, finally trading my ideal account size at 10K USD starting this week, a step up for me.

Take care!

Quoting lovejoy80
Hi Sam
Everything is going ok...not really liking these choppy summer intraday markets and have had a few losses over last few days but account is still progressing ok.

Not been posting here anymore as well, the journal served its purpose. I learnt a lot about my trading and areas I needed to improve and now I just focus and concentrate on trading my plan...plus busy with a few other projects too so not got much time to post, but if anyone wanted my comment on a setup in line with my trading style I'd be more than happy to comment etc. here....
  • #2,785
  • Sep 17, 2010 2:38am Sep 17, 2010 2:38am
Hi lovejoy, how are you doing? still profitable?
I like your trading style a lot.

Ive a question about the fibs, do you drawn them at the timeframe you trade or at higher frames like the weekly and daily.
  • #2,786
  • Sep 29, 2010 11:11am Sep 29, 2010 11:11am
Hey lovejoy,

I got a question, do you use the close of the bars or the high/lows to plot your ppz?
  • #2,787
  • Sep 29, 2010 1:51pm Sep 29, 2010 1:51pm
Quoting Thierry
Hi lovejoy, how are you doing? still profitable?
I like your trading style a lot.

Ive a question about the fibs, do you drawn them at the timeframe you trade or at higher frames like the weekly and daily.
Hi Thierry,

I take a top down approach so I'll start by marking up PPZ, TL's and fibs from major sings on daily, weekly, monthly timeframes and then scroll down to the 4HR and 1HR. So yes I will use a daily fib on a 1HR chart...Hope that answers your question.

Trading was slow during the summer as PA doesn't make much sense at times during low liquidity sessions but things coming back to normal now.

How are things for you?
  • #2,788
  • Sep 29, 2010 1:52pm Sep 29, 2010 1:52pm
Quoting Ghettobuddha
Hey lovejoy,

I got a question, do you use the close of the bars or the high/lows to plot your ppz?
Mainly the highs/lows but I will use both it depends on what makes sense as an obvious price flip area.
  • #2,789
  • Sep 29, 2010 2:13pm Sep 29, 2010 2:13pm
Since I'm here...setups from today...

1. UCHF - PPZ 50/61 fibs, 15pip SL, 4.2R potential gain
2. GCHF - first time back to broken support turned resistance + RN - 20pip SL, 5R potential gain.
3. EURGBP - BUOB at PPZ (also a daily BUOB too)...TP 0.8665 daily PPZ
4. NU - pin bar at daily PPZ with divergence, TP of previous resistance. Potential 0.8R gain
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  • #2,790
  • Sep 29, 2010 9:36pm Sep 29, 2010 9:36pm
Good to see your posts again!
  • #2,791
  • Oct 7, 2010 5:08am Oct 7, 2010 5:08am
Quoting lovejoy80
Hi Thierry,

I take a top down approach so I'll start by marking up PPZ, TL's and fibs from major sings on daily, weekly, monthly timeframes and then scroll down to the 4HR and 1HR. So yes I will use a daily fib on a 1HR chart...Hope that answers your question.

Trading was slow during the summer as PA doesn't make much sense at times during low liquidity sessions but things coming back to normal now.

How are things for you?
Thanks for the answer!
I am doing not bad, only long on gold at the moment from 1313, after the break of the trendline over the tops on daily. Not a PA bar, but the trend is huge.
  • #2,792
  • Oct 26, 2010 11:44am Oct 26, 2010 11:44am
I'll occasionally post some setups on here, merely for learning purposes.

For me the setup of the day was Gold...it's all about the confluence at a very clear well defined PPZ. Former TL, clear PPZ, 61% fib retracement and 1st time back to this area (always a good reliable play for a touch trade IMO) ... put that all together and you have an area which has the ability to stop price in its track and reverse it. How far will it reverse, I have not idea and I don't pre-empt where it might/may go I'll just look at S/R areas i.e. potential trouble areas and react accordingly
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  • #2,793
  • Oct 31, 2010 12:37pm Oct 31, 2010 12:37pm
For Danny...
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  • #2,794
  • Oct 31, 2010 2:54pm Oct 31, 2010 2:54pm
Some touch trade setups from last week.

EG - clear daily PPZ...price broken down...1st tme back to the broek resistance is a great reliable touch trade setup. ETouch trade then the PA forms to confirm the likely future price direction.
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  • #2,795
  • Oct 31, 2010 2:57pm Oct 31, 2010 2:57pm
YM - 1st time back to broken resistance, TL, PPZ, 61 fib confluence...there was little chance of price breakinh thorugh this brick wall...a sure indicator of how good the setup was is the speed of the rejection. This aresa acted as a barrier to price stopping it and comletely reversing it in it's tracks..tis is what you want from a touch trade...looking for areas of high confluence that have the potential to stop and reverse price in it's tracks.
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  • #2,796
  • Oct 31, 2010 4:20pm Oct 31, 2010 4:20pm
Quoting lovejoy80
YM - 1st time back to broken resistance, TL, PPZ, 61 fib confluence...there was little chance of price breakinh thorugh this brick wall...a sure indicator of how good the setup was is the speed of the rejection. This aresa acted as a barrier to price stopping it and comletely reversing it in it's tracks..tis is what you want from a touch trade...looking for areas of high confluence that have the potential to stop and reverse price in it's tracks.
Hi Mark,
Nice trades as always.
Thanks for your posts.
  • #2,797
  • Nov 1, 2010 2:56am Nov 1, 2010 2:56am
Quoting lovejoy80
YM - 1st time back to broken resistance, TL, PPZ, 61 fib confluence...there was little chance of price breakinh thorugh this brick wall...a sure indicator of how good the setup was is the speed of the rejection. This aresa acted as a barrier to price stopping it and comletely reversing it in it's tracks..tis is what you want from a touch trade...looking for areas of high confluence that have the potential to stop and reverse price in it's tracks.
...and if you strongly expected a jump in YM then it was fair toy say you could be expecting a weker JPY and USD...takea look at where the xxx.usd and xxx/jpy crosses were at the time YM hit this confluenced area...were there any technical setups to to support a weker USD and JPY
  • #2,798
  • Edited 4:26am Nov 1, 2010 2:58am | Edited 4:26am
UCHF was a great pair to trade all week.

Firstly the pin off a monthly PPZ, secondly the touch trade - 1st time back to broke ressitance with fib / TL oconfluence followed by some PA and then another pin off the monthly PPZ again.
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  • #2,799
  • Nov 1, 2010 4:27am Nov 1, 2010 4:27am
One from this morning - 1st time back to broken PPZ add some confluence in the form of a 61fib + TL and you have a high probability touch trade setup.
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  • #2,800
  • Nov 1, 2010 6:22am Nov 1, 2010 6:22am
Quoting lovejoy80
UCHF was a great pair to trade all week.

Firstly the pin off a monthly PPZ, secondly the touch trade - 1st time back to broke ressitance with fib / TL oconfluence followed by some PA and then another pin off the monthly PPZ again.
Hi Mark,
Where did enter in the first pin?@break pin or braek RN?
Thanks for posting some of your trades.

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