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SFM - Trading Room

  • #641
  • Aug 29, 2010 3:45pm Aug 29, 2010 3:45pm
Quoting iqyu5an
My imo....after rejection by 19.1 monthly fibo , we could see possibily that the price heading up to re test 5800-5900 and 6200-6300 only if she breaks the resistant area at 57xx - 58xx first .Based on 4H and daily candle : we could see that we will see many resistant zones at this level. And based on 4H candle, if this level (57xx - 58xx) stop the bull and push the price down ( without support around 5500-5550 ) then...stay below 543x-547x again ...we could see bearish continuation to re test 50 - year at 527x-528x



Happy weekend

Rgds,...
Great Analysis! I concur! Nuff Respect Guru!
Hero Traders Live to see their Accounts Die!
  • #642
  • Aug 30, 2010 3:53am Aug 30, 2010 3:53am
If you put your charts on a Weekly view and look at the monthly fib for Cable, its most interesting..

Look at week 30, price opens just above our LONG level, and wends its way up to our BULL T1 almost to the pip (happened to be 1.6)... comes back down, stalls on the 80.9, retraces, comes back down again a bit past our LONG, bounces back again long off that... quite uncanny really!

EJ follows the monthly fib pretty well but not as near pip-perfect as cable looks to be.

I guess if you can stomach staying in for several days you could trade this method like that, but if youre doing multiple intraday trades I suspect your will make more overall...

Still.. makes you wonder...
  • #643
  • Aug 30, 2010 4:56am Aug 30, 2010 4:56am
[quote=Jazznos;3986582]If you put your charts on a Weekly view and look at the monthly fib for Cable, its most interesting..

Look at week 30, price opens just above our LONG level, and wends its way up to our BULL T1 almost to the pip (happened to be 1.6)... comes back down, stalls on the 80.9, retraces, comes back down again a bit past our LONG, bounces back again long off that... quite uncanny really!

EJ follows the monthly fib pretty well but not as near pip-perfect as cable looks to be.

I guess if you can stomach staying in for several days you could trade this method like that, but if youre doing multiple intraday trades I suspect your will make more overall...




The good thing about M15 and M5 is that they enable one to catch most of the moves fine and dandy.

If one is able to recognize the reversal points and act pronto, one doubtlessly will be printing dough... in the words of Aswilled
  • #644
  • Aug 30, 2010 6:23am Aug 30, 2010 6:23am
Good Morning Everyone,

Great exchange here, people are definitely studying. Feel good bout dat! Yeah man!

Swing trading this method is far more profitable! I am gingerly venturing here on smaller swings. Guess my guts need to grow a bit more. In time...
Hero Traders Live to see their Accounts Die!
  • #645
  • Aug 30, 2010 7:02am Aug 30, 2010 7:02am
The GU is facing a major counter up trend line and currently sitting at the 80.9, resistance of the last upswing at 1.5549, this level is now support, and converges with our breach at 1.55474. This breach fib is continuing from Friday's low to the high of Aug 19 (11:30am). Continuation is quiet possible here, however there is a breach at 1.5530 which converges with our swing long level, that is awaiting a retracement. The bigger picture is that our monthly resistance at 1.5560 is providing resistance and a close above this level is required for bullish continuation.
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Hero Traders Live to see their Accounts Die!
  • #646
  • Aug 30, 2010 10:01am Aug 30, 2010 10:01am
Quoting simoneg
Good Morning Everyone,

Great exchange here, people are definitely studying. Feel good bout dat! Yeah man!

Swing trading this method is far more profitable! I am gingerly venturing here on smaller swings. Guess my guts need to grow a bit more. In time...
Imo and experience, day trading is the most profitable way to trade. In using this method and trading rules, one can easily see three figure pippage days. To swing trade (or position trade) requires a six figure or higher trading account, in order to remain within money management rules. Swing trades can last up to 90 days. In day trading 100 pips a day, you will see 2000 pips a month or better. And that only happens once or twice a year in a swing trade. And with the time value of money... Getting multiple entries and letting the trade run until retracement, prints money. And if you master this method, trading, one currency, and volume, you can catch counter trend trades for World Bank profits. But to be a good swing/position trader, one would need to study currency options and learn how that game is played. All markets are controlled because of option contracts. :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #647
  • Aug 30, 2010 10:48am Aug 30, 2010 10:48am
Is anyone considering going long off of the gbp/jpy and eur/jpy 19.1 lines? Sorry I can't post a chart now but I think the lines are monthly
  • #648
  • Aug 31, 2010 2:02am Aug 31, 2010 2:02am
Good Morning SFM Family!

It has been six(6) months since the start of the SFM thread and what a tremendous journey it has been. Much has been shared, learnt, imparted. I thank you all for your contributions, questions etc, that also helped others to appreciate the SFM. As I take my leave to embark on other projects, it is my prayer that you all will continue to share and grow with this method. There are some great traders here who have a very good handle and have much to impart. Only continue, keep focussed and maintain respect for your fellow traders.

I will miss the exchange, however much more is required of me at this time.

Love you all! God Bless!
Hero Traders Live to see their Accounts Die!
  • #649
  • Aug 31, 2010 2:13am Aug 31, 2010 2:13am
Quoting simoneg

...I will miss the exchange, however much more is required of me at this time.

Love you all! God Bless!
Nnnnnnnnnoooooooooooooooo!!!! Well thats my selfish response out of the way... ;-)

I can only thank you Simone for all of your generosity and time in sharing this brilliant methodology with us and your coaching and tutelage. It has transformed my trading and Im finally on a path that will help me achieve my goals and dreams.

I wish you all the very best with your future endeavours and I hope you will still come to visit us from time to time in the future
  • #650
  • Aug 31, 2010 2:29am Aug 31, 2010 2:29am
Quoting simoneg
Good Morning SFM Family!

It has been six(6) months since the start of the SFM thread and what a tremendous journey it has been. Much has been shared, learnt, imparted. I thank you all for your contributions, questions etc, that also helped others to appreciate the SFM. As I take my leave to embark on other projects, it is my prayer that you all will continue to share and grow with this method. There are some great traders here who have a very good handle and have much to impart. Only continue, keep focussed and maintain respect for your fellow...
bummer! good luck and Godspeed!
  • #651
  • Aug 31, 2010 2:54am Aug 31, 2010 2:54am
Thats a real shame. Thanks SimoneG. Even though i am still learning your method, i appreciate the effort you put in trying to teach it to us. Good luck yah mann!!!!
  • #652
  • Aug 31, 2010 3:02am Aug 31, 2010 3:02am
Good day everyone. Much blessing to you darling Simone. Be sure to stay in contact with me. And I am not to far from doing the same. But I want some others to take over our post. So to all, please learn and practice and learn. Every month go through the pdf, videos, and threads until you can teach. I will be taking leave shortly as well. I need to attend to matters that will take my attention away. But feel free to pick my brains while I am here. Print money :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #653
  • Aug 31, 2010 3:19am Aug 31, 2010 3:19am
Quoting simoneg
Good Morning SFM Family!

It has been six(6) months since the start of the SFM thread and what a tremendous journey it has been. Much has been shared, learnt, imparted. I thank you all for your contributions, questions etc, that also helped others to appreciate the SFM. As I take my leave to embark on other projects, it is my prayer that you all will continue to share and grow with this method. There are some great traders here who have a very good handle and have much to impart. Only continue, keep focussed and maintain respect for your fellow...
What happened Simone?? Well, I hope all the best on anything you do.

I really have so much blesses from your method. Since I use SFM 2 months ago, I got positive growth for the last 2 months in a row..!! what a superb performance I have now.

Again, thank you very much for your kindness. I really hope you will visited us from time to time here again.
  • #654
  • Aug 31, 2010 3:27am Aug 31, 2010 3:27am
Gonna miss good and humble forex teacher .........

Thank aniway for your kindness in sharing all you have..........


Once again....we're gonna miss you ......Hope you'll come back someday !!!!



Quoting simoneg
Good Morning SFM Family!

It has been six(6) months since the start of the SFM thread and what a tremendous journey it has been. Much has been shared, learnt, imparted. I thank you all for your contributions, questions etc, that also helped others to appreciate the SFM. As I take my leave to embark on other projects, it is my prayer that you all will continue to share and grow with this method. There are some great traders here who have a very good handle and have much to impart. Only continue, keep focussed and maintain respect for your fellow...
not euphoria follower
  • #655
  • Aug 31, 2010 3:30am Aug 31, 2010 3:30am
Simone
Thankyou so much for everything you have done.... for all you have taught. I am sure there are many lives that you have impacted that you will never know about.
May your life be blessed.
I know your followers will miss you.

Much love on your journey
Mark
  • #656
  • Aug 31, 2010 3:31am Aug 31, 2010 3:31am
Quoting simoneg
Good Morning SFM Family!

It has been six(6) months... As I take my leave to embark on other projects....

Love you all! God Bless!



The more I look at this, the more I feel terrible. How many people on this Forum are truly God-fearing?

Well, you've got to move on and there's nothing we can do about it.

It's hard to believe that this Thread is just 6 months old. It has made a tremendous impact and I hope it will continue in this light.

I am lost for words but I wish you the very best in your future endeavours
  • #657
  • Aug 31, 2010 4:04am Aug 31, 2010 4:04am
Quoting simoneg
Good Morning SFM Family!

It has been six(6) months since the start of the SFM thread and what a tremendous journey it has been. Much has been shared, learnt, imparted. I thank you all for your contributions, questions etc, that also helped others to appreciate the SFM. As I take my leave to embark on other projects, it is my prayer that you all will continue to share and grow with this method. There are some great traders here who have a very good handle and have much to impart. Only continue, keep focussed and maintain respect for your fellow...
Hi Simone,
thank you so much for your efforts and your commitment to teach this method.
I thought and hoped our trading journey together would have been much longer; I'm really sad now, but well this is life.
I wish you the best for your new projects and your life.
God Bless You!
Marco
  • #658
  • Aug 31, 2010 5:00am Aug 31, 2010 5:00am
Hi Simone.
I had just started to go through your thread since a couple of weeks ago and it has been very educational , we will all miss you but we will still be touch with your mind and soul through a generous wealth of material you have left behind.
Hope that you occasionally come back when you get a chance.

Best wishes
  • #659
  • Aug 31, 2010 9:43am Aug 31, 2010 9:43am
Thank you, finally some sens in this crazy market. Inspiring thread.I'll read it over and over.......wish you a fullfilling life.
Jasontrader
  • #660
  • Aug 31, 2010 10:34am Aug 31, 2010 10:34am
Thank you Simone for caring & sharing - a superb methodology that is a breathe of fresh air in our world of pip hunters.

Nice to see the long long rows of green highlights behind end
of month figures as opposed to the usual red :-)

May your future be filled with light
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