SFM - Trading Room | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

USD/CAD Trading Room 470 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: SFM - Trading Room
Exit Attachments

SFM - Trading Room

  • #281
  • Aug 7, 2010 6:44pm Aug 7, 2010 6:44pm
Quoting gotpips92
Does anyone here trade gbp/jpy? Any analysis?

Sorry I can't post chart at the moment... But I've noticed it closed beneath a longer term 50 fib line. Addionally, it broke trend line, made a textbook retest and is now sitting around beneath it. 135 by Monday? Maybe?
I'm out of town. When I get back to new york to my computer I can see what I sees.
A. Finesse Williams Making Millions One Pip At A Time!
  • #282
  • Aug 7, 2010 7:00pm Aug 7, 2010 7:00pm
Quoting aswilled
I'm out of town. When I get back to new york to my computer I can see what I sees.
okay. Thanks! here are my charts 1. fib (fib from april 26, 2010 high before sell off) 2. broken trendline 3. murrey math - just for fun
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 46 KB
Click to Enlarge Name: gbp2.gif Size: 54 KB
Click to Enlarge Name: gbp3.gif Size: 55 KB
  • #283
  • Aug 7, 2010 9:52pm Aug 7, 2010 9:52pm
Quoting gotpips92
okay. Thanks! here are my charts 1. fib (fib from april 26, 2010 high before sell off) 2. broken trendline 3. murrey math - just for fun
You are not using sfm. And you have too much stuff on them charts. But by the looks of the s/r lines and candles on the 4h, it looks bearish. When I get home I will be able to tell you with more accuracy what is the best probability.
A. Finesse Williams Making Millions One Pip At A Time!
  • #284
  • Aug 8, 2010 5:08am Aug 8, 2010 5:08am
What I see in Daily TF based on SCFM.....


==========================
January - March 2010
High ( around ) : 1.6458
Low ( around ) : 1.4776
and named the fibo as Q1 Fibo

==========================

April - June 2010

Failed to break 50 of Q1 Fibo
And go to bear target#1 of Q1 Fibo ( around ) at 1.4221

Was tryin to adjust low of Q1 fibo to 1.4221 and name it as S1 fibo

made Q2 Fibo with high and low of april - june 2010 period.

==========================


July - September 2010 ( in progress )

Currently....

We hit bull tp-1 of Q2 fibo and below 80.9 of s1 Fibo ....

What next .... ?

If we break 80.9 of s1 fibo with strong momentum.....1.6230 ( bull tp#2 of Q2 ) on eye.

In january 2010 ... there was bull - bear fighting in 6070-6270 (after 648x reject the pound flying) before bear winning the battle.

Support will become resistance ??? Most theory say that....but let's the market tell the truth then....

Alternatively ...

If 80.9 of s1 fibo will be our strong resistance and in coming days...candle go to and close below 1.5900 then.....1.565x-1.5600 ( 80.9 of R Fibo and 61.8 of S1 Fibo )
is our first stop pit for further correction to 1.5300 - 1.5350 ( 61.8 of C Fibo and 50 of S1 Fibo ) ?.

Of course 1.552x ( high of Q2 fibo ) technically support and 1.5500 could be be our psycology support for this correction.

Resistance will become support ??? again...most theory say that....but let's the market tell the truth then....

==========================


iqyu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: char1.JPG Size: 84 KB
Click to Enlarge Name: chart2.JPG Size: 81 KB
Click to Enlarge Name: chart3.JPG Size: 76 KB
not euphoria follower
  • #285
  • Aug 8, 2010 5:33am Aug 8, 2010 5:33am
Sorry....there is double chart in prev posting. here is another left....
Attached Image (click to enlarge)
Click to Enlarge Name: char1.JPG Size: 73 KB
not euphoria follower
  • #286
  • Aug 8, 2010 5:39am Aug 8, 2010 5:39am
Quoting iqyu5an
Sorry....there is double chart in prev posting. here is another left....
whoa! thanks for this bro san
cooler than cool!
  • #287
  • Aug 8, 2010 6:06am Aug 8, 2010 6:06am
Quoting simoneg
Good Morning All,

This week was not a bad trading week at all. Hope that we all got some pips from the market this week. I closed the week with +400pips. Looking forward to a more rewarding week next week. Have a Great Weekend and remember as always, Keep it Simple!
Thanks Much Madamme Simoneg:
For your explanation, now how to relate your pips Quoted.
Most Platforms default to $/pip so if moves from entry to exit are fibbed, the Divisions recorded are the Pip/Point values for most brokers. With the advent of 5-digits all around a 200 division measurement would be 20 Pips.

So the net gain of +400 is the increase from all trades of August 1st to 4th (as you abstained from the NFP Friday... better to be out wishing to get in that to be in Hoping to get out)

Feels good to (now be) at least be on/at the first paragraph of the same page. The “mis” came from the attempt to relate pip moves with the pip cost and lot sizes I use personally. That is no more... and hope it clears someone else too.

Have a blessed Trading Week all.

Better to be Blessed than Lucky.

Bless!
  • #288
  • Aug 8, 2010 2:59pm Aug 8, 2010 2:59pm
Quoting pathumracled
Thanks Much Madamme Simoneg:
For your explanation, now how to relate your pips Quoted.
Most Platforms default to $/pip so if moves from entry to exit are fibbed, the Divisions recorded are the Pip/Point values for most brokers. With the advent of 5-digits all around a 200 division measurement would be 20 Pips.

[color=black][font=Verdana]So the net gain of +400 is the increase from all trades of August 1st to 4th (as...
Hi pathumracled,

Well I actually got two trades in on Friday. Some nice setups after the news. FXCM separates your fractional pips from the actual. So if you sold EU and 1.29003 and closed at 1.28506,that would be represented as 49.7pips. Also those results, +400, would be the pip gain from August 3rd to August 6th.
Hero Traders Live to see their Accounts Die!
  • #289
  • Aug 9, 2010 4:04am Aug 9, 2010 4:04am
EJ broke the pennant! Now it's stalled, lots of wicks on 15 though. Maybe continuation of the long move?
  • #290
  • Aug 9, 2010 5:15am Aug 9, 2010 5:15am
Good Morning Everyone! Things don't look very exciting at all. EJ looks to be at support now 113.50. May indeed be bullish continuation Robster.
Hero Traders Live to see their Accounts Die!
  • #291
  • Aug 9, 2010 5:27am Aug 9, 2010 5:27am
Breach level at 1.5950 seems to be preparing a long setup. Chart coming..
Attached Image (click to enlarge)
Click to Enlarge Name: GUMON.jpg Size: 389 KB
Hero Traders Live to see their Accounts Die!
  • #292
  • Aug 9, 2010 5:40am Aug 9, 2010 5:40am
Strong breach level at 1.3232. Dont know if we will get there as the daily long level, which we are not at can pose a challenger for further downward movement.
Attached Image (click to enlarge)
Click to Enlarge Name: EUMON.jpg Size: 410 KB
Hero Traders Live to see their Accounts Die!
  • #293
  • Aug 9, 2010 5:50am Aug 9, 2010 5:50am
EJ is right on daily resistance and breach level at 113.50. The daily bull targets max at 114.30, however we are on an 61.8% ABC bounce which should end at 115 to 115.30, which is also in the vicinity of the monthly high.
Attached Image (click to enlarge)
Click to Enlarge Name: EJMON.jpg Size: 399 KB
Hero Traders Live to see their Accounts Die!
  • #294
  • Aug 9, 2010 5:54am Aug 9, 2010 5:54am
I'm long on GU. EJ looks like it needs more time to decide.
  • #295
  • Aug 9, 2010 5:57am Aug 9, 2010 5:57am
Quoting robster
I'm long on GU. EJ looks like it needs more time to decide.
Me too robster. Long on EU and EJ as well. Yes EJ may want to pull a little lower, but took first entry at this first support level.
Hero Traders Live to see their Accounts Die!
  • #296
  • Aug 9, 2010 6:11am Aug 9, 2010 6:11am
Quoting simoneg
Me too robster. Long on EU and EJ as well. Yes EJ may want to pull a little lower, but took first entry at this first support level.

i don't quite understand how the signals could be for long EU n EY. i'm short them and nearly at tp1 for EU

that said i'm shrt GY and GU which aren't looking as flash....
Attached Image (click to enlarge)
Click to Enlarge Name: eu scfm a.gif Size: 27 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #297
  • Aug 9, 2010 6:17am Aug 9, 2010 6:17am
Quoting ChinaWombat
i don't quite understand how the signals could be for long EU n EY. i'm short them and nearly at tp1 for EU

that said i'm shrt GY and GU which aren't looking as flash....
Hi ChinaWombat,

You could have gotten short signals, based on the selling taking place. My long entries are based on the upward trend, and setups in favor of that trend.
Hero Traders Live to see their Accounts Die!
  • #298
  • Aug 9, 2010 6:21am Aug 9, 2010 6:21am
EY and GU need to break Fridays 80%.

GU is supported by prev days 61% and prev weeks 80%.

EY hit support at intraday 19%
  • #299
  • Aug 9, 2010 6:22am Aug 9, 2010 6:22am
Trade what YOU see!
Hero Traders Live to see their Accounts Die!
  • #300
  • Aug 9, 2010 6:50am Aug 9, 2010 6:50am
Quoting simoneg
Trade what YOU see!
i see claws, fur, caves, and fuzzy cute cubs...
Catching a falling knife, no, I'm just trading the Gartley!
0 traders viewing now