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  • #641
  • Aug 2, 2010 9:25pm Aug 2, 2010 9:25pm
sell it, good risk/reward here only a 25 pip stop required
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  • #642
  • Aug 2, 2010 10:03pm Aug 2, 2010 10:03pm
started following this thread last week and i would like to ask zamanib wat exactly are the 2 lines. Txn
  • #643
  • Aug 3, 2010 1:40am Aug 3, 2010 1:40am
I have been repeating this for a long time now

Do Not Sell Cable

Unless daily chart trend says so avoid selling

Buy dips

I went long, and my SL is @ BE

So this is a FREE RIDE for me now

lets see how much we can collect here

http://img715.imageshack.us/img715/4119/92412339.gif
  • #644
  • Aug 3, 2010 1:45am Aug 3, 2010 1:45am
Learn to read the PA the PRICE ACTION

Not the Indicators

INDICATORS DEPEND ON PRICE

Price Action is what decides the trend, not the indicators
  • #645
  • Aug 3, 2010 1:47am Aug 3, 2010 1:47am
For those who revcieved my free grid system yesterday -- you have made a quick 25 pips profit-- Entry buy 15900 or sell 15850
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #646
  • Aug 3, 2010 2:02am Aug 3, 2010 2:02am
London opened @ 1.59156

this means we can achieve 1.6050 today
  • #647
  • Aug 3, 2010 2:33am Aug 3, 2010 2:33am
Quoting forexlion
London opened @ 1.59156

this means we can achieve 1.6050 today

i gave importance to this because it opened above yesterday's high
  • #648
  • Aug 3, 2010 2:37am Aug 3, 2010 2:37am
Who follow the 00 and 50 grid-- lock in your profit-- 15950 is approaching 15960 will give us the minimum daily average
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #649
  • Aug 3, 2010 2:39am Aug 3, 2010 2:39am
For those who follow the 2 lines--- lock in profit at 15950 --
some one ask me if I trade live-- I am not sure if they dont see my buy /sell on these chart
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #650
  • Aug 3, 2010 2:46am Aug 3, 2010 2:46am
coool
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #651
  • Aug 3, 2010 2:51am Aug 3, 2010 2:51am
Quoting forexlion
London opened @ 1.59156

this means we can achieve 1.6050 today
didnt you like the LO fake-out down to the MR1 level at 5895 - also the 50% retrace of the last 5 min rally....based on the current ADR, I have placed my TPs for this morning at 5950 and 5975....
Trading Levels with WRBs
  • #652
  • Aug 3, 2010 2:59am Aug 3, 2010 2:59am
Quoting Islander
didnt you like the LO fake-out down to the MR1 level at 5895 - also the 50% retrace of the last 5 min rally....based on the current ADR, I have placed my TPs for this morning at 5950 and 5975....
i am in buy only mode till daily turns

so i took the drop as a fresh buy entry
  • #653
  • Aug 3, 2010 3:25am Aug 3, 2010 3:25am
Quoting Islander
didnt you like the LO fake-out down to the MR1 level at 5895 - also the 50% retrace of the last 5 min rally....based on the current ADR, I have placed my TPs for this morning at 5950 and 5975....
Nice to see someone see the benifits in ADR
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #654
  • Aug 3, 2010 3:25am Aug 3, 2010 3:25am
Quoting zamanib
For those who revcieved my free grid system yesterday -- you have made a quick 25 pips profit-- Entry buy 15900 or sell 15850
was there a reenter signal at 5950 level? Or take the 50 pips and done for the day ? THX
  • #655
  • Aug 3, 2010 3:39am Aug 3, 2010 3:39am
Quoting huskyboy
was there a reenter signal at 5950 level? Or take the 50 pips and done for the day ? THX
These 2 system is to catch the daily moves- minimum ADR 100 pips high to low-- then u done for the day with it..

The other system -- for the rest of the day trading--- we still use the 00 /50 levels for support resistance -- tp sl and ADR we also look at - will not buy at the top of the ADR or sell at the bottom of the ADR
I hope this is clear
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #656
  • Aug 3, 2010 10:18am Aug 3, 2010 10:18am
What you put into forex that what you will get ( this is for all who looking for the easy out) I mean here hard work -- training - trade with a mentor invest in the proper tools etc--

here is quote
Former undisputed heavyweight boxing
champion Muhammad Ali, when asked
after a fight how he had won, replied,

"The fight is won or lost far away
from witnesses - behind the lines, in
the gym, and out there on the road,
long before I dance under those
lights."
There are many similarities between boxing and trading. Trading is combat, and your success or failure in this battle has a lot to do with your preparation.


PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #657
  • Aug 3, 2010 9:17pm Aug 3, 2010 9:17pm
2 lines -- I name it SAM so SAM will be up soon
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #658
  • Aug 4, 2010 12:50am Aug 4, 2010 12:50am
Quoting zamanib
2 lines -- I name it SAM so SAM will be up soon
SAM -- and 00 and 50 level almost the same today -- 15954 upper line -- 15890 lower line

Grid -- upper 15950 -- lower 15900 ---
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #659
  • Aug 4, 2010 12:53am Aug 4, 2010 12:53am
Other system -- name NESO--
I got sell entry on the NESO price close below the yellow line--
Let see how this play out -- the last buy entry on this system give 300 pips
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #660
  • Aug 4, 2010 3:59am Aug 4, 2010 3:59am
Quoting zamanib
other system -- name neso--
i got sell entry on the neso price close below the yellow line--
let see how this play out -- the last buy entry on this system give 300 pips
i am still in sell on neso --- i will update on grid and sam later
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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