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The System (Irony included)

  • #1,121
  • Jul 29, 2010 11:08am Jul 29, 2010 11:08am
Quoting feb2865
As per request of some friends I have here, I am going to post possibly today answers about some issues, concerns and maybe I'll throw some tips here and there.

Stick around. I'll post this afternoon.

Good Karma..
Welcome back, we are very happy and excited to see you.
How is your health and every thing. We pray for your good health and happiness in life.
  • #1,122
  • Aug 27, 2010 5:52am Aug 27, 2010 5:52am
Hello
shall we wait for the close of the daily candle that break the high/low ?
or we do our play as soon as that point is broken ?
Peace
  • #1,123
  • Aug 30, 2010 5:57am Aug 30, 2010 5:57am
Someone can answer my question please ?
  • #1,124
  • Sep 21, 2010 2:53am Sep 21, 2010 2:53am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting seifo005
Someone can answer my question please ?
close of the candle
Shake it off!Lick the Wound,Prey Again!
  • #1,125
  • Oct 1, 2010 5:07pm Oct 1, 2010 5:07pm
Quoting Megara
close of the candle
Thank you friend
  • #1,126
  • Feb 1, 2011 10:30am Feb 1, 2011 10:30am
Is it time to load by EOD?
Attached Image (click to enlarge)
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  • #1,127
  • Feb 1, 2011 10:20pm Feb 1, 2011 10:20pm
Quoting tghfbt8
Is it time to load by EOD?
Bought @856 s/l 687
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd d 4_00 2_2_2011.gif Size: 19 KB
  • #1,128
  • Feb 1, 2011 11:54pm Feb 1, 2011 11:54pm
Quoting tghfbt8
Bought @856 s/l 687
Is this a real (live) trade or "paper trading" ??? ... because I can't see any orders on this screen-shot
and ... if you don't mind, what's a reason behind that entry ???
  • #1,129
  • Feb 2, 2011 2:35am Feb 2, 2011 2:35am
Quoting DareXau
Is this a real (live) trade or "paper trading" ??? ... because I can't see any orders on this screen-shot
and ... if you don't mind, what's a reason behind that entry ???
Yes, it is real.
TS-I? The rally is going up. Small pull back, first reversal candle, second candle broke high of the previous candle as well as fractal.
Isn't how TS-I should be played?
  • #1,130
  • Edited 6:34am Feb 2, 2011 3:57am | Edited 6:34am
... not really, if you where going for 1-2-3 break-out, than that entry should be just above 1.3757'7 (27/01 high) + few pips for spread & safety,
your entry is almost 100 pips higher and one day later ... looks like you trying to catch a bus which already gone ... is't it ???
So, my suggestion is: read this thread from the beginning, it's not that long ... only 76 pages ... once you finish, than read it again.
I can assure you, that the second time and third time reading is even more interesting and more educating.

... and one more thing, which I almost forgotten and have to add 'cos it's very important ... Feb was never mentioning neither was recommending fractals.
  • #1,131
  • Feb 2, 2011 9:18am Feb 2, 2011 9:18am
Quoting DareXau
... and one more thing, which I almost forgotten and have to add 'cos it's very important ... Feb was never mentioning neither was recommending fractals.
Then as I see a confirmed fractal, I decide if I scale out, add some more funds or simply shot the trade completely

Which fractals feb is talking in that post?

Or in that?
I like to see a fractal formed(and confirmed)
  • #1,132
  • Feb 2, 2011 9:28am Feb 2, 2011 9:28am
Quoting DareXau
... not really, if you where going for 1-2-3 break-out, than that entry should be just above 1.3757'7 (27/01 high) + few pips for spread & safety,
your entry is almost 100 pips higher and one day later ... looks like you trying to catch a bus which already gone ... is't it ???
So, my suggestion is: read this thread from the beginning, it's not that long ... only 76 pages ... once you finish, than read it again.
I can assure you, that the second time and third time reading is even more interesting and more educating.

... and one more thing,...
Actually I just did. Please correct if I'm wrong about TS-I.
Placing few pips above point is TS-II style on 5 minutes. In TS-I we buy on discount which I failed to wait. Since euro didn't make pull back during Asian session I expected it to shoot up.
The proper way should be by now @3800.
  • #1,133
  • Feb 2, 2011 7:39pm Feb 2, 2011 7:39pm
O.K. ... in a sense that 4H time-frame is a fractal of Daily ... like some sort of a "discount window" where you can get a better price.
So, look on the charts and tell me, was it possible to buy at better price, than you did ???
or is Feb saying anywhere, that you have to chase the running away price ???
You see ... trading requires a lot of patience and determination, but it pays well if you doing the right things
... and the most crazy about forex is ... that, it almost always is giving a second chance if you missed the first opportunity.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 4H.jpg Size: 75 KB
  • #1,134
  • Feb 2, 2011 9:53pm Feb 2, 2011 9:53pm
Quoting tghfbt8
Bought @856 s/l 687
moved s/l to 748 under low of the day.
Attached Image (click to enlarge)
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  • #1,135
  • Feb 2, 2011 9:58pm Feb 2, 2011 9:58pm
Quoting DareXau
O.K. ... in a sense that 4H time-frame is a fractal of Daily ... like some sort of a "discount window" where you can get a better price.
So, look on the charts and tell me, was it possible to buy at better price, than you did ???
20 pips above fractal @375
Attached Image (click to enlarge)
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  • #1,136
  • Feb 2, 2011 11:57pm Feb 2, 2011 11:57pm
... that's right, buy on discount ... or as Sam Seiden (supply/demand guy) is saying: "buy at wholesalers price and sell it back at retail price"
  • #1,137
  • Feb 3, 2011 9:59pm Feb 3, 2011 9:59pm
Quoting tghfbt8
moved s/l to 748 under low of the day.
lost 106 pips. Let's cry. aaaaaaaaaaaaaaaaaaaaaaaaaaaa
  • #1,138
  • Feb 3, 2011 10:01pm Feb 3, 2011 10:01pm
The V formation formed. The plan is to wait for close below today low 1.3605 and to look for bargain on h4.
Attached Image (click to enlarge)
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  • #1,139
  • Feb 4, 2011 3:45am Feb 4, 2011 3:45am
... well, that's a part of the forex game and 1-2-3 break-out isn't any different ... some losses are unavoidable, especially in situation of trend change or dip retracement.
So, safely placing a stop-loss below "2" (up-trend) and/or above "2" (down-trend) has a lot of sense ... maybe, that's a conservative way ... but, works pretty well.
Please note, that when trading of daily chart it can be an expensive experience to trailing stop-loss too quickly or using any different "discount window" time-frame.
  • #1,140
  • Feb 4, 2011 9:18am Feb 4, 2011 9:18am
Quoting tghfbt8
The V formation formed. The plan is to wait for close below today low 1.3605 and to look for bargain on h4.
Low of the previous day is taken. Let's see if we can find any bargain on Monday.
Attached Image (click to enlarge)
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