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Up and Down with TT

  • #161
  • Aug 4, 2010 8:36am Aug 4, 2010 8:36am
Good day to you,

4 pairs still open on shorts:

EJ
GJ
EU
GU

Targets remain as set out earlier - only change was the 5-8 pip adjustments made for spread and slippage. Market sideways at present in prep towards Friday news. No positions were closed. All still open.

Nothing more to add at present. Will update in a day or two, or as changes are made.

Regards
  • #162
  • Aug 5, 2010 8:38am Aug 5, 2010 8:38am
Quoting TauTrader
Good day to you,

4 pairs still open on shorts:

EJ
GJ
EU
GU

Targets remain as set out earlier - only change was the 5-8 pip adjustments made for spread and slippage. Market sideways at present in prep towards Friday news. No positions were closed. All still open.

Nothing more to add at present. Will update in a day or two, or as changes are made.

Regards
Good day to you,

Nothing has changed to date. Power is slowly shifting and the brooms are starting to come out for some sweeping in all directions. Typical. No sweat.

I am still holding all open positions on the 4 pairs. Will continue to sell if more discount is offered. The plan has not changed.

Targets:

GU - 1.5390
GJ - 133.20
EU - 1.2865
EJ - 110.90

Will update again early next week. Or if there are any changes made.

Wish you success

Regards
  • #163
  • Aug 9, 2010 11:51am Aug 9, 2010 11:51am
Good day,

Well, a new week.

I am now entering week 3 of these trades. I remain confident that these will play out over the next 2 to 3 weeks. Maybe sooner. Targets have not been changed and remain as set from the start.

Discounts were on offer on EU and GU over the last week. Dragon and EJ were hovering in range, so could not benefit from any additional discounts offered there. This caused by Dollar weakness.

Signs of slight weakness are showing on Euro and Pound, BUT, I will continue to add shorts - even with new highs forming.

I have not closed any positions - even the couple in profit at the moment, will remain open. Still floating deep underwater, but got some very nice entries for the trip.

I will be in and out over the next week or so - I will update again towards the end of the week - or if any changes occur.

Wish you all success

Regards
Attached Image
  • #164
  • Aug 10, 2010 6:12am Aug 10, 2010 6:12am
Good day to you,

Started building a short again on UJ.

Entry @ 85.99 TP set @ 85.30. Will add every 30 pips against my entry.

All other positions still open.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 20 KB
  • #165
  • Aug 10, 2010 1:19pm Aug 10, 2010 1:19pm
Quoting TauTrader
Good day to you,

Started building a short again on UJ.

Entry @ 85.99 TP set @ 85.30. Will add every 30 pips against my entry.

All other positions still open.

Regards
Good day to you,

Closed.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 15 KB
  • #166
  • Aug 11, 2010 2:15am Aug 11, 2010 2:15am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day to you tau..

This is the weekly bearish gartley i post before and drop after is almost say 300 pips

http://www.forexfactory.com/showpost...postcount=8034

plus head and shoulder now on h4
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour h&s.png Size: 45 KB
  • #167
  • Aug 11, 2010 2:29am Aug 11, 2010 2:29am
Quoting samirb
Good day to you tau..

This is the weekly bearish gartley i post before and drop after is almost say 300 pips

http://www.forexfactory.com/showpost...postcount=8034

plus head and shoulder now on h4
Good day to you,

Thank you for your post. Appreciated. Good analysis

Wish you all success

Regards
  • #168
  • Aug 11, 2010 9:08am Aug 11, 2010 9:08am
Quoting TauTrader
Good day to you,

Nothing has changed to date. Power is slowly shifting and the brooms are starting to come out for some sweeping in all directions. Typical. No sweat.

I am still holding all open positions on the 4 pairs. Will continue to sell if more discount is offered. The plan has not changed.

Targets:

GU - 1.5390
GJ - 133.20
EU - 1.2865
EJ - 110.90

Will update again early next week. Or if there are any changes made.

Wish you success

Regards
Good day to you,

Today, both Dragon and EJ trades were closed @ TP. I took a screen snapshot of both and time-marked. I was out whilst they hit.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 17 KB
Click to Enlarge Name: gj.gif Size: 21 KB
  • #169
  • Aug 11, 2010 9:29am Aug 11, 2010 9:29am
Herewith the position summary in terms of pips:

Dragon -

sell @ 134.87 closed @ 133.25
sell @ 135.25 closed @ 133.25
sell @ 135.64 closed @ 133.25
sell @ 135.99 closed @ 133.25
sell @ 136.38 closed @ 133.25
sell @ 136.66 closed @ 133.25
sell @ 136.96 closed @ 133.25
sell @ 137.43 closed @ 133.25

Total of + 2318 pips

Eur/Jpy

sell @ 112.89 closed @ 110.90
sell @ 113.43 closed @ 110.90
sell @ 113.87 closed @ 110.90
sell @ 114.24 closed @ 110.90

Total of + 1083 pips

Regards
  • #170
  • Aug 11, 2010 10:20am Aug 11, 2010 10:20am
Good day to you,

EU trade hit TP. GU was manually closed here, with some losses. Not comfortable to carry GU at present.

Pip count to follow

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #171
  • Aug 11, 2010 10:48am Aug 11, 2010 10:48am
Herewith the position summary in terms of pips:

GU-

sell @ 1.5496 closed 1.5640 (-144)
sell @ 1.5504 closed 1.5640 (-136)
sell @ 1.5542 closed 1.5644 (-102)
sell @ 1.5566 closed 1.5647 (-81)
sell @ 1.5586 closed 1.5645 (-59)
sell @ 1.5618 closed 1.5642 (-24)

sell @ 1.5643 closed 1.5643 (0)
sell @ 1.5662 closed 1.5644 (+22)
sell @ 1.5694 closed 1.5645 (+49)
sell @ 1.5718 closed 1.5645 (+72)
sell @ 1.5740 closed 1.5646 (+94)
sell @ 1.5778 closed 1.5647 (+131)
sell @ 1.5804 closed 1.5646 (+158)
sell @ 1.5867 closed 1.5647 (+ 220)
sell @ 1.5881 closed 1.5646 (+235)
sell @ 1.5948 closed 1.5645 (+303)
sell @ 1.5978 closed 1.5643 (+335)

Total of + 1073 pips

EUR/USD:

sell @ 1.2928 closed 1.2868 (+60)
sell @ 1.2946 closed 1.2868 (+78)
sell @ 1.2965 closed 1.2868 (+97)
sell @ 1.2996 closed 1.2868 (+128)
sell @ 1.3024 closed 1.2868 (+156)
sell @ 1.3057 closed 1.2868 (+189)
sell @ 1.3078 closed 1.2868 (+210)
sell @ 1.3105 closed 1.2868 (+237)
sell @ 1.3131 closed 1.2868 (+263)
sell @ 1.3162 closed 1.2868 (+294)
sell @ 1.3212 closed 1.2868 (+344)
sell @ 1.3246 closed 1.2868 (+378)
sell @ 1.3277 closed 1.2868 (+409)
sell @ 1.3312 closed 1.2868 (+444)

Total of + 3287 pips

Regards
  • #172
  • Aug 11, 2010 7:09pm Aug 11, 2010 7:09pm
Tau!!

Looks like you're cooking with a blowtorch! lol

Could you post an update to your method for the bystanders???

  • #173
  • Aug 11, 2010 8:03pm Aug 11, 2010 8:03pm
And that, Ladies and Gentlemen, is how one stays true to one's conviction when those around question the cause.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #174
  • Aug 11, 2010 11:43pm Aug 11, 2010 11:43pm
Good day to you,

I thank you for the acknowledgement. I also appreciate you taking the time to post.

This is going to end up being a longer than usual post. But since it's my journal, I feel free to post my thoughts.

I have come to a couple of realizations over the last year. It has been mostly disappointing.

FF has generally been good to me. I "met" some incredible individuals here. Good people. Solid people. But also some really awkward individuals. People that cut against everything I stand for - and more. I have to deduct that we live in a world of instant gratification - and stepped on you will be.

I have almost been sucked in a couple of times - to become part of a gang of ignorant pricks. What's up with the issue of having to be acknowledged by the masses, all the time? Why will people go to any length to attempt to have the final word, the fist correct call, the biggest gains?

Why on earth would people post a 200 pip gain as like 2000 pips- based on some 4 decimal point formulation? Does this mean that the last couple of trades banked me 70 000 + pips? I would be bullshitting myself...

Why on earth would people be trampling others? What is wrong with acknowledging others? What is wrong with treating others with respect? It reminds me of school, where all the kids competed for the teachers' attention - carry her books to her car, cleaning the black board, sweeping class, bringing flowers...

All this for just a touch of the shoulder, a nod of the head or a pat on the back - insane....

Over the next few days, I am going to contact some of the individuals to remove their vouches from my name. Do not want them. Do not need them. Do not care.

End of rant. Going to gym - then into debtor's meeting and a couple of others. I will post my thoughts on trading as soon as I am back - probably tonight.

Wish you well

Regards
  • #175
  • Aug 12, 2010 8:41am Aug 12, 2010 8:41am
I understand but I'm not taking back my vouch.



I am a bit tired of the forum myself. I told myself I was going to stay away but ended up defending a well known pro trader and dropping in on 2 of my favorite contacts here. I haven't even scored more than 100 pips in the past 2 weeks. I was hoping after my broker goes to fractional I could claim 1000 pips but............
  • #176
  • Aug 12, 2010 9:07am Aug 12, 2010 9:07am
Quoting calderone
I understand but I'm not taking back my vouch.



I am a bit tired of the forum myself. I told myself I was going to stay away but ended up defending a well known pro trader and dropping in on 2 of my favorite contacts here. I haven't even scored more than 100 pips in the past 2 weeks. I was hoping after my broker goes to fractional I could claim 1000 pips but............
Good day to you,

You are one of the very few that has my utmost respect. So - I would like to keep that V - if you don't mind

I just got into my home office - been a crappy day in terms of meetings. Don't like them.

I am going to speak my mind and speak freely in the following couple of posts. What I am going to say will probably be the start of my end here - but by personal choice. I leave you with the following for now:
Attached Image
  • #177
  • Aug 12, 2010 9:44am Aug 12, 2010 9:44am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Be not afraid of the truth TT, I know you are a skilled person and it wouldn't matter if you have vouch or not as what does make you earn the dosh is your skill. Vouch is for "other people" on the forum to see who is skilled enough regardless of actual "facts".


Set your soul free by speaking frankly. I know you are a very polite freindly person and I don't expect much aggressive posts from you


ta
ams



Quoting TauTrader
Good day to you,

You are one of the very few that has my utmost respect. So - I would like to keep that V - if you don't mind

I just got into my home office - been a crappy day in terms of meetings. Don't like them.

I am going to speak my mind and speak freely in the following couple of posts. What I am going to say will probably be the start of my end here - but by personal choice. I leave you with the following for now:
  • #178
  • Aug 12, 2010 9:57am Aug 12, 2010 9:57am
Good day,

I want to state upfront that these are my personal expressions and views. Think of them what you like.

We all think and talk about the "big boys". They are doing this and they are doing that. There are bigger out there than the big boys. Call them Grand Daddies if you like. You do not see them entering the market. But they do.

Manipulation is at the order of the day. Nothing new, you might say. Agreed. However - this act can prevail for weeks on end. How often have you seen price doing the opposite of what it was supposed to do? Any move will be backed by a rumour of some sort to somehow justify this.

Crowd control.

A while ago, one morning after London Open, there was a 130 pip drop within 40 seconds. Reports came through of a so called "finger fault" made by a novice trader at one or other institution. Not directionally though - maybe on size entered - all at once instead of the normal slow feeding of orders. Very quickly price was taken back up - enough accumilated and then taken back to "fix" the "mistake".

Easy.

My point is this - if you think, for one second, that the market is random - you are lost. The plan is in place long before the time. The main aim - to make you buy at the highest and sell at the lowest. Period.

Regards
  • #179
  • Aug 12, 2010 10:02am Aug 12, 2010 10:02am
Quoting ams
Be not afraid of the truth TT, I know you are a skilled person and it wouldn't matter if you have vouch or not as what does make you earn the dosh is your skill. Vouch is for "other people" on the forum to see who is skilled enough regardless of actual "facts".


Set your soul free by speaking frankly. I know you are a very polite freindly person and I don't expect much aggressive posts from you


ta
ams
Good day to you,

Thank you for popping in. Another person I respect.

Just getting stuff off my chest - it will not be anything new. But gotta do it.

Regards
  • #180
  • Aug 12, 2010 10:17am Aug 12, 2010 10:17am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Couldn't agree more TT...

Price action tells you all to be honest and you are a very good PA reader, no doubts.....

Yup, big daddy's enter the market when no one wants to or when they are doing the exact opposite...I see COT report for the refrence..it's a very good signal of things to come. When there are more than 100k contracts on one side..it's time to change things... Everyone is long UJ...we might even tank to 82-80 before we think of coming back...

Action backed by rumour is trend of the market...tomm they might come and say now ireland is on the line instead of greece and tank euro... I remember that fat finger day as I was burnt badly..was up nice had my SL moved to 80 pips lower but that move killed my positons and suddenly i was in a huge loss. More mistake I made was doing revenge trading as I couldn't control my emotions..paying for it by hedging..have to be tactical when I come out of it now....

Respect your analysis a lot and hope to see a lot of it for years to come until we both have our hedge funds


ta
ams



Quoting TauTrader
Good day,

I want to state upfront that these are my personal expressions and views. Think of them what you like.

We all think and talk about the "big boys". They are doing this and they are doing that. There are bigger out there than the big boys. Call them Grand Daddies if you like. You do not see them entering the market. But they do.

Manipulation is at the order of the day. Nothing new, you might say. Agreed. However - this act can prevail for weeks on end. How often have you seen price doing the opposite of what it was supposed to do?...
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