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  • #1,821
  • Aug 16, 2010 11:32am Aug 16, 2010 11:32am
Quoting unlv_tj
Mike, beautiful trade on the USDCHF. I woke up and saw how strongly it moved down and I thought "WTF?". I can see it went to the bottom of the tight range this pair has been in surrounding 1.05 since the end of June.

What was your trigger to go short? I can see why it went, where it went, I just don't see a trigger to get into the trade.

Thank you,

T.J.
Hey how's it goin T.J.? The red arrows indicate the bars that triggered my short order (pinbar at the 28 ema). I was in a 5 minute trade from 1.0525 and another entry lower down the line from 1.0505 (1.0505 was the entry from the 4 hour setup). Another price feed I have has pretty much the same setup but the close on the pin has more conviction as well.
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I dream, therefore I become.
  • #1,822
  • Aug 16, 2010 11:42am Aug 16, 2010 11:42am
Quoting Dhb
I do remember reading about the name Vegas somewhere before, though I forgot where. Anyway, these Vegas lines look like they're interesting. Hell, if they can make you a small car a day, they are interesting, whether the author is a scammer or not. Btw, I look forward to one day take small car sized trades along with you bro, although I guess when I'll reach that stage, you'll probably be trading Veyron size, lol.
Yeah my man, I'd suggest to read some of the older threads that were dedicated to his methods if you're interested. There's a LOT to learn there. Diallist has a few and there's also another called "lost in the tunnel". Brilliant conversation in it. I was going to resurrect it a while back but it seems that most don't like the work involved in learning (which is ridiculous and why it makes it so easy for guys like us). lol

And trust me brother, keep doing what you're doing. It's sooner than you think. I can see that just by what you write now. The money in this business is all in keeping it simple and sticking to your guns. Any time in my history that I haven't stuck to my guns, I've been shot. All the times I have, it's been perfect. Nothing is worse than taking a loss from a trade that you knew you shouldn't have been in...nothing. It messes with your head because you know that you didn't stick to the standard that you set for yourself.

And if I ever take a Veyron sized trade, I'll be going on vacation for a whiiillleeee, that's for damn sure. lol
I dream, therefore I become.
  • #1,823
  • Aug 16, 2010 5:04pm Aug 16, 2010 5:04pm
Quoting mike w
Yeah my man, I'd suggest to read some of the older threads that were dedicated to his methods if you're interested. There's a LOT to learn there. Diallist has a few and there's also another called "lost in the tunnel". Brilliant conversation in it. I was going to resurrect it a while back but it seems that most don't like the work involved in learning (which is ridiculous and why it makes it so easy for guys like us). lol
Thx for the tip! I'm gonna check out that lost in the tunnel thead. Should be interesting to see if there's something I could use.

Quote
And trust me brother, keep doing what you're doing....
Yeah, that's definitely one of the challenges ahead. Finding and maintaining that sweet spot between not being gun shy and not being trigger happy.

Quote
And if I ever take a Veyron sized trade, I'll be going on vacation for a whiiillleeee, that's for damn sure. lol
Same here bro. One day I'm going to make a video just like Matt. Should be doable when trading Veyron size.

Inserted Video
It's not about how much you make, it's about how much you don't lose.
  • #1,824
  • Aug 16, 2010 6:05pm Aug 16, 2010 6:05pm
I would love to do that dance!Can't imagine seeing that much of the world and meeting so many different people.That's really cool!..Josh
  • #1,825
  • Aug 16, 2010 11:49pm Aug 16, 2010 11:49pm
Quoting Dhb
....
Same here bro. One day I'm going to make a video just like Matt. Should be doable when trading Veyron size.
...
UBER AWESOME, bro!!!!!
MANY Thanks for sharing this video!!!

that's exactly my goal: to travel the world!!!!!!!!!!!!!!!!
  • #1,826
  • Aug 17, 2010 12:11am Aug 17, 2010 12:11am
Quoting Dhb
Thx for the tip! I'm gonna check out that lost in the tunnel thead. Should be interesting to see if there's something I could use.

Yeah, that's definitely one of the challenges ahead. Finding and maintaining that sweet spot between not being gun shy and not being trigger happy.

Same here bro. One day I'm going to make a video just like Matt. Should be doable when trading Veyron size.

http://www.youtube.com/watch?v=zlfKdbWwruY
Inspiring man!!

Thank you so much for sharing.

g.
I believe . . .
  • #1,827
  • Aug 17, 2010 12:13am Aug 17, 2010 12:13am
Quoting Dhb
Thx for the tip! I'm gonna check out that lost in the tunnel thead. Should be interesting to see if there's something I could use.

Yeah, that's definitely one of the challenges ahead. Finding and maintaining that sweet spot between not being gun shy and not being trigger happy.

Same here bro. One day I'm going to make a video just like Matt. Should be doable when trading Veyron size.

http://www.youtube.com/watch?v=zlfKdbWwruY

Great video Mike
  • #1,828
  • Aug 17, 2010 12:43am Aug 17, 2010 12:43am
Quoting Dhb
Thx for the tip! I'm gonna check out that lost in the tunnel thead. Should be interesting to see if there's something I could use.

Yeah, that's definitely one of the challenges ahead. Finding and maintaining that sweet spot between not being gun shy and not being trigger happy.

Same here bro. One day I'm going to make a video just like Matt. Should be doable when trading Veyron size.

http://www.youtube.com/watch?v=zlfKdbWwruY
I like Matt he is awesome ... Might enjoy this one as well.

Inserted Video
Good Trading To All ; Ken Lee
  • #1,829
  • Aug 17, 2010 3:24am Aug 17, 2010 3:24am
Quoting mike w
haha What's happenin brother?

...That 150 pips I made today wouldn't have been made if I didn't learn from Vegas. That's enough cash to buy a (cheap) car so I'm thankful to him...
I have a similar story... I made enough yesterday to buy a nice car (matchbox car http://shop.mattel.com/product/index...ductId=3761495)
Granted, I'm still ramping up the amount of my account I trade, but it would have been a very nice day.

And Mike W's thread and his posts on Jankone's thread, as well as his PM's had a huge part in getting me to this point! Way to Pay it Forward Mike! Have a great day everyone.
  • #1,830
  • Aug 17, 2010 9:05am Aug 17, 2010 9:05am
Alritey, I took the loss on the usd/cad for 40 pips. These are two trades, the first on the gbp/jpy I've been in for a while already, that I'll be entering here shortly.
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I dream, therefore I become.
  • #1,831
  • Aug 17, 2010 9:16am Aug 17, 2010 9:16am
Quoting Dhb
Thx for the tip! I'm gonna check out that lost in the tunnel thead. Should be interesting to see if there's something I could use.

Yeah, that's definitely one of the challenges ahead. Finding and maintaining that sweet spot between not being gun shy and not being trigger happy.

Same here bro. One day I'm going to make a video just like Matt. Should be doable when trading Veyron size.

http://www.youtube.com/watch?v=zlfKdbWwruY
That is such an awesome video my man! I love it! It just makes me feel good lol
I dream, therefore I become.
  • #1,832
  • Aug 17, 2010 11:15am Aug 17, 2010 11:15am
I knew people here would appreciate the vid. You're a cold b@stard if this video doesn't put a smile on your face, hehehe.
It's not about how much you make, it's about how much you don't lose.
  • #1,833
  • Aug 17, 2010 11:58am Aug 17, 2010 11:58am
Quoting Dhb
You're a cold b@stard if this video doesn't put a smile on your face, hehehe.
You tell no tales my good man haha
I dream, therefore I become.
  • #1,834
  • Aug 19, 2010 8:58am Aug 19, 2010 8:58am
Getting in on some of these 4 hour trades the past few days again. The chf/jpy finally moved up a bit and I'm in profit 70 pips on that one, the gbp/jpy and usd/jpy closed out at B/E, and now I've opened up a few more 4 hour setups that I'll post in juuusssttt a minute
I dream, therefore I become.
  • #1,835
  • Aug 19, 2010 9:04am Aug 19, 2010 9:04am
Here's a new one on the nzd/usd I placed 30 minutes ago at .7110.
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I dream, therefore I become.
  • #1,836
  • Aug 19, 2010 11:23am Aug 19, 2010 11:23am
Quoting mike w
Here's a new one on the nzd/usd I placed 30 minutes ago at .7110.
Closing the chf/jpy setup for 65 pips and the nzd/usd is rolling along nicely now as well. TP will be .7016 for this trade.
I dream, therefore I become.
  • #1,837
  • Aug 20, 2010 7:39am Aug 20, 2010 7:39am
Quoting mike w
Closing the chf/jpy setup for 65 pips and the nzd/usd is rolling along nicely now as well. TP will be .7016 for this trade.
T/P was reached over night on that nzd/usd trade.
I dream, therefore I become.
  • #1,838
  • Aug 20, 2010 7:42am Aug 20, 2010 7:42am
Quoting mike w
T/P was reached over night on that nzd/usd trade.


...
I believe . . .
  • #1,839
  • Aug 22, 2010 4:53pm Aug 22, 2010 4:53pm
Before I run out the door. Sold.

Have a good one ladies and gents!
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I dream, therefore I become.
  • #1,840
  • Aug 23, 2010 8:05am Aug 23, 2010 8:05am
Quoting mike w
Before I run out the door. Sold.

Have a good one ladies and gents!
Just got short on the gbp/usd. I got busted on the usd/chf trade, missed by T/P by literally 1/4th of a pip and so I just closed for a loss of 20.
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I dream, therefore I become.
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