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Trading "The Constrictor"

  • #81
  • Aug 16, 2010 2:14am Aug 16, 2010 2:14am
Quoting ghous
Nu seems pretty content on hitting 7000...

I've also hopped on Nzd/Chf.

g.

The NZD/CHF Weekly is progressing nicely so far.
  • #82
  • Aug 16, 2010 3:21am Aug 16, 2010 3:21am
Quoting BWise
The NZD/CHF Weekly is progressing nicely so far.
sure is

It's at the FTA so should be interesting to see how it develops from here on.

g.
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  • #83
  • Aug 16, 2010 4:26am Aug 16, 2010 4:26am
Quoting ghous
sure is

It's at the FTA so should be interesting to see how it develops from here on.

g.
g.,

Do you move your SL to BE once price reaches the FTA?
  • #84
  • Aug 16, 2010 4:30am Aug 16, 2010 4:30am
Quoting BWise
g.,

Do you move your SL to BE once price reaches the FTA?
Depends on how much trust I have in a setup and also on how far away the FTA is from entry point, but you could say normally I don't move my stop to BE and let the trade do it's thing.

g.
I believe . . .
  • #85
  • Aug 16, 2010 10:50am Aug 16, 2010 10:50am
Ghous, I saw yesterday evening you discussed going short on the NZDUSD due to the fact it looked like it wanted to go to .7000. Did you short this, and if so was it based on a P/A bar, or was it just based on your knowledge of S/R and your beliefs on the strong move down.

Did you go long on the NZDUSD at the .7000 level expecting a bounce? I was going to set this up, but I believed the move down was too strong to just bounce. Stupid of me, being it was early Monday, there is often low volume and a strong move is not so "strong".
  • #86
  • Aug 16, 2010 11:15am Aug 16, 2010 11:15am
Quoting unlv_tj
Ghous, I saw yesterday evening you discussed going short on the NZDUSD due to the fact it looked like it wanted to go to .7000. Did you short this, and if so was it based on a P/A bar, or was it just based on your knowledge of S/R and your beliefs on the strong move down.

Did you go long on the NZDUSD at the .7000 level expecting a bounce? I was going to set this up, but I believed the move down was too strong to just bounce. Stupid of me, being it was early Monday, there is often low volume and a strong move is not so "strong".
hey Tj yes I shorted Nu based of the pin bar as per ET3. (look for my earlier posts on the trade and it's management)

I was expecting trouble at the 0.7, I had my stop just above the last low price made before it hit 0.7 and I've just logged in to see I've been stopped out for +0.8R.

g.
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  • #87
  • Aug 16, 2010 11:18am Aug 16, 2010 11:18am
I went long GBP/CAD off the bub (et4) on fxpro feed.

quite a few things going with this one. 1.62, ascending trend line and a lovely constriction.

g.
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  • #88
  • Aug 16, 2010 11:24am Aug 16, 2010 11:24am
Quoting ghous
hey Tj yes I shorted Nu based of the pin bar as per ET3. (look for my earlier posts on the trade and it's management)

I was expecting trouble at the 0.7, I had my stop just above the last low price made before it hit 0.7 and I've just logged in to see I've been stopped out for +0.8R.

g.
Oh, you were already short from last week on a trade I passed on due to it being Friday and the distance of the EMA's.

I gotcha. My bad, I was thinking you go Short on the open of Monday.

Good work Ghous, impressive!
  • #89
  • Aug 16, 2010 11:32am Aug 16, 2010 11:32am
Quoting unlv_tj
Oh, you were already short from last week on a trade I passed on due to it being Friday and the distance of the EMA's.

I gotcha. My bad, I was thinking you go Short on the open of Monday.

Good work Ghous, impressive!
The distance between the EMAs is not a problem for entry type 3 TJ, make sure you understand the entry requirements for each of the 5 entry methods that I use.

An ET3 is basically a trade taken off a minor pull back to a majorly dominant trend and so the EMAs will hardly ever constrict. It's like PA right off the 21 EMA when the EMAs are actually apart which is an indication of a strong trend.

g.
I believe . . .
  • #90
  • Aug 16, 2010 11:33am Aug 16, 2010 11:33am
Quoting ghous
I went long GBP/CAD off the bub (et4) on fxpro feed.

quite a few things going with this one. 1.62, ascending trend line and a lovely constriction.

g.
Great thread Ghous , wish you the best. Really enjoy your post's on FF
  • #91
  • Aug 16, 2010 11:35am Aug 16, 2010 11:35am
Quoting gjworley1952
Great thread Ghous , wish you the best. Really enjoy your post's on FF
thnx for the kind words Gj, these words mean a lot to me.

g.
I believe . . .
  • #92
  • Aug 16, 2010 11:58am Aug 16, 2010 11:58am
Quoting gjworley1952
Great thread Ghous , wish you the best. Really enjoy your post's on FF
Agreed 150%. Thanks for starting the thread Ghous, brilliant material brother. I'm testing through a few of your entry setups now and wow, great work my man. I appreciate you sharing all of this, that's for sure!
I dream, therefore I become.
  • #93
  • Aug 16, 2010 12:03pm Aug 16, 2010 12:03pm
Cad is upto something man...

I am long Aud/Cad 4H BUb ET5.

g.
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  • #94
  • Aug 16, 2010 12:06pm Aug 16, 2010 12:06pm
Quoting mike w
Agreed 150%. Thanks for starting the thread Ghous, brilliant material brother. I'm testing through a few of your entry setups now and wow, great work my man. I appreciate you sharing all of this, that's for sure!
Mikiieee!!!!

I've pulled up some more feeds, (once again your influence) and I have to say man, I am glad I did. Still working out how many problems watching multiple 4H bar closes will solve for me.

Thnx for everything bro.

g.
I believe . . .
  • #95
  • Aug 16, 2010 9:17pm Aug 16, 2010 9:17pm
USD/SGD 4H ET5 Alpari feed.

For those not familiar with j16,

DBHLC stands for Double Bar High Lower Close. and it refers to a pair of bars with matching highs and the latter bar closing below the range of the former bar just as you can see on the trigger bar in the chart below.

g.
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  • #96
  • Aug 16, 2010 9:25pm Aug 16, 2010 9:25pm
Hi ghous. Made my way over from your PF journal. Are you going to maintain both or do you think you'll migrate most of your matl over here?

I think I'm going to demo the weekly Euro I posted on the pf. Going to put in an order on the retrace of the BEB to the BRN at about 1.2960 with a S/L above the neighboring bar at 1.3370. Tightens the S/L and gives some room to manage if it does trigger. We'll see how she goes.
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  • #97
  • Edited 9:45pm Aug 16, 2010 9:35pm | Edited 9:45pm
Quoting Donkey
Hi ghous. Made my way over from your PF journal. Are you going to maintain both or do you think you'll migrate most of your matl over here?

I think I'm going to demo the weekly Euro I posted on the pf. Going to put in an order on the retrace of the BEB to the BRN at about 1.2960 with a S/L above the neighboring bar at 1.3370. Tightens the S/L and gives some room to manage if it does trigger. We'll see how she goes.
Hey D,

When uni starts I bet it might get difficult for me maintaining both, in which case I'll be using this one mostly, as 100% people can view the developments of the system here while only a handful of us can do so at the pf (which is actually why I started a thread here at FF)

Though I don't think I can post videos here at FF, in which case the PF is where they will continue to go as and when I do them.

g.
I believe . . .
  • #98
  • Aug 17, 2010 2:35am Aug 17, 2010 2:35am
But you could make videos on youtube and post a link here
Thank you for sharing!
  • #99
  • Aug 17, 2010 11:21am Aug 17, 2010 11:21am
Quoting ghous
I went long GBP/CAD off the bub (et4) on fxpro feed.

quite a few things going with this one. 1.62, ascending trend line and a lovely constriction.

g.
wow.

It's been an eventful day out. Nothing beats a good outing with your best friends.

just got back and pulled up my charts to see I've been stopped out on GBP/CAD 4H (-1R). Not completely taken back though, it was kinda running sideways and a little choppy, but I wanted to give it a shot to the double high region (1642ish)...no biggie really.

PS I have also moved my stop to BE on Usd/Sgd short, I was looking for a harder drop which seems missing (so far) so I'd rather protect myself, even if it means bending the rules a bit (we don't have a 4H high after the low of the trigger bar to hide the stop behind).

g.
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  • #100
  • Aug 17, 2010 12:26pm Aug 17, 2010 12:26pm
Remember the Eu IB.

One shall now be officially stopped as per the rules of the system.

total gain...a whopping 9.2R combine that with the USD/CAD IB trade (11R) and you're sitting at a freaking 20R (almost)...at a modest 1% risk per trade that is nearly 20% return on just 2 trades folks!!!! IBs rock

g.
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