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SFM - Trading Room

  • #341
  • Aug 10, 2010 5:20pm Aug 10, 2010 5:20pm
Thanks aswilled! Was a tricky week on a whole. I agree with you the SFM gives traders an advantage. Let's continue to work together in improving and sharing!

Bless
Quoting aswilled
Good recap darling. You will gain every pip back (and then some) before this week is out. This day was wish washy. Both bear and bull targets were achieved on GU and EU. Without this method, every trader of these currencies, I'm sure, lost pips or broke even and quit. SFM is superior to all other trading methods. :nerd:
Hero Traders Live to see their Accounts Die!
  • #342
  • Aug 10, 2010 6:08pm Aug 10, 2010 6:08pm
Quoting simoneg
Closed GU long! Target met! Today was good. Will see what setups loom later/tomorrow.
+210 today. 390 to go!!!
OMG what a comeback! Amazing. I got screwed with -27. I may have gone in too early on GU whilst it was channeling, and UJ got me also. Very freaking annoying as i went into the session with a great mindset, being calm and careful and professional but SLAP! goes the market... Still not the end of the world...

Simone yes when you marry a trade, the market always files for divorce and takes all your money
  • #343
  • Aug 10, 2010 7:12pm Aug 10, 2010 7:12pm
Quoting simoneg
Ok m78, will do when I get home.
I know it's a lot of work to do ( just from my simple harmonic posting experience) but is it possible to just work from the hard right edge of price action i.e block out future price action? I've gone through the video's a number of times, PDF as well, and still really confused about what constitutes a valid entry at the breach when I compare to what is been discussed in the forums. Going back in time through the charts to pick an example, even though you may have traded it successfully, having the future price action there becomes distracting as it becomes obvious how the trade works out. Without the future price action, it gives a better understanding of what the set-ups look like at the time that the entry is taken.

With no offence to any of the other followers it seems as though aswilled is the only one to have 'really got it' but when I read through his analysis I can't marry it to your original postings. I'm sure that we would all like to provide more constuctive input and trading support.

I've even tried Steve Hopwood's ea to understand it but I couldn't even get that to work for me. Sorry to sound so demanding after all you have done... I'm just a simple harmonic fib trader...
Catching a falling knife, no, I'm just trading the Gartley!
  • #344
  • Aug 10, 2010 8:27pm Aug 10, 2010 8:27pm
Quoting Jazznos
OMG what a comeback! Amazing. I got screwed with -27. I may have gone in too early on GU whilst it was channeling, and UJ got me also. Very freaking annoying as i went into the session with a great mindset, being calm and careful and professional but SLAP! goes the market... Still not the end of the world...

Simone yes when you marry a trade, the market always files for divorce and takes all your money
Haha, we always contend with the emotions in trading, and in time learn to keep them more and more in check. I must say though your -27 sounds like mosquito bite rather than a slap...wanna trade positions?? Indeed not the end of the world so we continue with the NEXT TRADE!

Yes indeed, the market needs and loves no one, so as my first FOREX Tutor taught..."THE TREND IS YOUR FRIEND...UNTIL IT BENDS!"
Hero Traders Live to see their Accounts Die!
  • #345
  • Aug 10, 2010 8:31pm Aug 10, 2010 8:31pm
Hi ChinaWombat,

I appreciate your request as I do the request of others and am making some efforts to tighten/tidy what has already been shared.
Taking a look at the videos m78 suggested so I can give a better picture.
Points all taken! Suggestions all welcome!

Quoting ChinaWombat
I know it's a lot of work to do ( just from my simple harmonic posting experience)...
Hero Traders Live to see their Accounts Die!
  • #346
  • Edited 9:35pm Aug 10, 2010 9:25pm | Edited 9:35pm
GU is now using yesterday's low,1.5772, as support. This is also just above the breach, 1.5767, we bought off today and are buying off now. This is a tricky setup, we are looking like we could form a huge Bull Crown and reverse off this level, or we could be forced below to use it as resistance for further selling. My position is long off this level with early BE. Today's 50% level,1.5808, is however holding and could create the resistance needed to go lower or support, if broken, to continue higher. Also just above we have our weekly short level at 1.5818. Lets see how it goes.
Attached Image (click to enlarge)
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  • #347
  • Aug 10, 2010 9:57pm Aug 10, 2010 9:57pm
Quoting simoneg
GU is now using yesterday's low,1.5772, as support. This is also just above the breach, 1.5767, we bought off today and are buying off now. This is a tricky setup, we are looking like we could form a huge Bull Crown and reverse off this level, or we could be forced below to use it as resistance for further selling. My position is long off this level with early BE. Today's 50% level,1.5808, is however holding and could create the resistance needed to go lower or support, if broken, to continue higher. Also just above we have our weekly short level...
Hi guru...

I see it also but using weekly fibo... i see the PA failed to close above 61 and now in 38 weekly... ( based on 4H candle ). other what i see... 2 UP spikes we had is a reaction of news ( example last NFP and this morning after fomc statement )

Attached Image (click to enlarge)
Click to Enlarge Name: aug11 pic.jpg Size: 50 KB
not euphoria follower
  • #348
  • Aug 10, 2010 10:16pm Aug 10, 2010 10:16pm
Quoting simoneg
Closed GU long! Target met! Today was good. Will see what setups loom later/tomorrow.
+210 today. 390 to go!!!
You are one helleva trader! Congrats on such a solid day. I think I am going to try to master this fibbing method
  • #349
  • Aug 11, 2010 1:47am Aug 11, 2010 1:47am
Quoting simoneg
... Suggestions all welcome!
Can I request that you say "mon" at least once in any new videos? LOL

And yes compared to yours it was a mozzie bite, but to me it felt like a slap... :-)

Im used to scalping, whereas i think you need to stay in this method for longer than im used to and thats often been the issue... Either i need to set limits on my orders or sit at the charts longer...!
  • #350
  • Aug 11, 2010 2:08am Aug 11, 2010 2:08am
Quoting simoneg
Closed GU long! Target met! Today was good. Will see what setups loom later/tomorrow.
+210 today. 390 to go!!!

Good result Simone!!
  • #351
  • Aug 11, 2010 2:56am Aug 11, 2010 2:56am
Hi All... In for UK open today. Fibbed daily candle and intraday from 6.15-7.30am GMT (1.5824 H to 1.5761 L).

Price appeared to be in downtrend, so the 50% fib was same as intraday, making 50% at 1.5792/ Price has risen above it, but not doing much more. Daily 50% is above it @1.581 offering some resistance.

There are some big announcements on the way, so it may be better to stay out...

Daily PP is also not too far ahead and price stalled here earlier which makes me wonder if it will break through tonight...

Simone what would you be advising or looking for at this point?
  • #352
  • Aug 11, 2010 3:01am Aug 11, 2010 3:01am
Quoting Jazznos
Hi All... In for UK open today. Fibbed daily candle and intraday from 6.15-7.30am GMT (1.5824 H to 1.5761 L).

Price appeared to be in downtrend, so the 50% fib was same as intraday, making 50% at 1.5792/ Price has risen above it, but not doing much more. Daily 50% is above it @1.581 offering some resistance.

There are some big announcements on the way, so it may be better to stay out...

Daily PP is also not too far ahead and price stalled here earlier which makes me wonder if it will break through tonight...

Simone what would you be advising...

They are waiting for news. while waiting....e/g : drop and sterling get stronger compared to euro.. but it looks kissing the bottom for e/g ( H1) . Sterling will dive ? time will tell . However we are in short zone ( weekly)
not euphoria follower
  • #353
  • Aug 11, 2010 4:35am Aug 11, 2010 4:35am
Well i waited... and waited... and waited... and it sailed right past me...
Do you guys wait till all aftershocks pass before entering or would you have caught that lovely fall short on the 10.30 news? or dont you care about news and go techie only?
  • #354
  • Aug 11, 2010 5:32am Aug 11, 2010 5:32am
Quoting gotpips92
You are one helleva trader! Congrats on such a solid day. I think I am going to try to master this fibbing method
Thanks gotpips92!
Hero Traders Live to see their Accounts Die!
  • #355
  • Aug 11, 2010 5:35am Aug 11, 2010 5:35am
Quoting simoneg
Thanks gotpips92!
No problem. I pmed you
  • #356
  • Aug 11, 2010 5:41am Aug 11, 2010 5:41am
Quoting Jazznos
Can I request that you say "mon" at least once in any new videos? LOL

And yes compared to yours it was a mozzie bite, but to me it felt like a slap... :-)

Im used to scalping, whereas i think you need to stay in this method for longer than im used to and thats often been the issue... Either i need to set limits on my orders or sit at the charts longer...!
Hahaha, ok mon, I will consider dat! Took me awhile to learn to hold my positions, as like you, I was a scalper, or started out scalping. I however found that if left my trades with stop and limit and walked away the results were better and far less emotions involved, once confident in the method being applied. Take it in stages, go for 5-10pips more or the number of candles before trend change or use harmonic beats. If you want to move away from scalping, give it a shot.
Hero Traders Live to see their Accounts Die!
  • #357
  • Aug 11, 2010 5:43am Aug 11, 2010 5:43am
Quoting Jazznos
Well i waited... and waited... and waited... and it sailed right past me...
Do you guys wait till all aftershocks pass before entering or would you have caught that lovely fall short on the 10.30 news? or dont you care about news and go techie only?
NOt to worry Jazznos, I slept and I slept and it sailed right pass me too. So I am out looking in and thinking we are looking to retrace to the 50% breach in last nights post. Waiting to see.
Hero Traders Live to see their Accounts Die!
  • #358
  • Aug 11, 2010 5:45am Aug 11, 2010 5:45am
Quoting gotpips92
No problem. I pmed you
ok checking now.
Hero Traders Live to see their Accounts Die!
  • #359
  • Aug 11, 2010 5:50am Aug 11, 2010 5:50am
Sorry, Good Morning everyone!
Hero Traders Live to see their Accounts Die!
  • #360
  • Aug 11, 2010 5:55am Aug 11, 2010 5:55am
Quoting simoneg
Sorry, Good Morning everyone!

Good evening Simone!
Managed a good gu trade earlier.
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