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The System III (Oh no!)

  • #901
  • Oct 6, 2010 10:58pm Oct 6, 2010 10:58pm
Dear Feb,

With your trades "short@45 and long@05" how did you know to trade those levels from 30 min chart. I watched those levels on 5min and 30min, I went short@43 but dont know how you entered long @ 05. Is it because price bounced off 00 level? Sorry if this is a basic question, maybe levels I am looking at are wrong. Thankyou to Feb or anyone who can clarify this for me.
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  • #902
  • Oct 7, 2010 3:20am Oct 7, 2010 3:20am
Good morning, traders!

My current short trade.

possible targets - 3968, or (more sweety lol) - 3956
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  • #903
  • Oct 7, 2010 3:26am Oct 7, 2010 3:26am
Quoting dim4ik42
Good morning, traders!

My current short trade.

possible targets - 3968, or (more sweety lol) - 3956
Target was changed.

3968 is new TP order and - it was hit already.

Mission accopmlished like Feb use to say!
  • #904
  • Oct 7, 2010 3:32am Oct 7, 2010 3:32am
Ah! Missed the long trade (ellipse at the chart)...

... from other side - I was looking to go long off the 3950 level....



Wait for the Master for his comments and great wisdom.
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  • #905
  • Oct 7, 2010 4:08am Oct 7, 2010 4:08am
Quoting dim4ik42
Good morning, traders!

My current short trade.

possible targets - 3968, or (more sweety lol) - 3956



... what I want to add to this post is - I AM ALWAYS TRADE WITH REAL MONEY!

I do not trade on demo-account..... What I am looking for in term of profit is - if I get about 1% of my account per week - I am glad.... But - I am still newbie in trading - so - I am not so sure about winning %%% per week, per month, per year... May be 1% per week is too small, and I have to look for bigger, or... may 1% per week is good.... and I have to stop chasing wild dreams... lol...


Thank you.
  • #906
  • Oct 7, 2010 4:47am Oct 7, 2010 4:47am
I ain't gonna be greedy today, just 60pips will do in this.

Edit: Entry done in lower TF
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #907
  • Oct 7, 2010 4:52am Oct 7, 2010 4:52am
looking for long
@3950

or maybe short @3980
Peace
  • #908
  • Oct 7, 2010 4:54am Oct 7, 2010 4:54am
Quoting Precap2
I ain't gonna be greedy today, just 60pips will do in this.

Edit: Entry done in lower TF

I'm confused.

are you trading price levels??
Peace
  • #909
  • Oct 7, 2010 5:13am Oct 7, 2010 5:13am
[email protected]'s see if resistance holds...
Peace
  • #910
  • Oct 7, 2010 5:37am Oct 7, 2010 5:37am
Quoting Renata
Dear Feb,

With your trades "short@45 and long@05" how did you know to trade those levels from 30 min chart. I watched those levels on 5min and 30min, I went short@43 but dont know how you entered long @ 05. Is it because price bounced off 00 level? Sorry if this is a basic question, maybe levels I am looking at are wrong. Thankyou to Feb or anyone who can clarify this for me.
I normally give 3-5 pips leeway from the level..Sometimes market won't respect the level to the T hence I make sure I get the bounty on time at the profit level. At entry, I give that leeway so I can get on the bus on time.

I am using 1 min chart from entry. Levels at 30 minutes are wider and longer.
Peace
  • #911
  • Oct 7, 2010 5:43am Oct 7, 2010 5:43am
The market is nuts!!!!Still 80 area is holding...let's see if I get lucky...still short....I am looking to cover @3953
Peace
  • #912
  • Oct 7, 2010 5:56am Oct 7, 2010 5:56am
Quoting feb2865
I normally give 3-5 pips leeway from the level..Sometimes market won't respect the level to the T hence I make sure I get the bounty on time at the profit level. At entry, I give that leeway so I can get on the bus on time.

I am using 1 min chart from entry. Levels at 30 minutes are wider and longer.

Thank you for explanation! For me it is useful too....

If I get it right - you are looking for 00 and 50 levels, look for exhasting areas during the current trading day (I am not sure - may be at 30 min chart you are looking for them), and then - for the entery you open 1min chart to see the picture as it as right now more clear.....



By the way - if you wiil have some time (I do not want to take a lot of your time) could you look at my today's trade... I did it at small TF too.... are there mistakes???


Thank you very much!
  • #913
  • Oct 7, 2010 6:08am Oct 7, 2010 6:08am
Quoting dim4ik42
Thank you for explanation! For me it is useful too....

If I get it right - you are looking for 00 and 50 levels, look for exhasting areas during the current trading day (I am not sure - may be at 30 min chart you are looking for them), and then - for the entery you open 1min chart to see the picture as it as right now more clear.....



By the way - if you wiil have some time (I do not want to take a lot of your time) could you look at my today's trade... I did it at small TF too.... are there mistakes???


Thank you very much!
They're basically the same levels. Just the 30 min bar tales longer to fill. I only see 1 min charts...no zooming in and out timeframes for me..

I look at 00 50 levels but I also pay attention to any price that is giving the market some resistance/support.

Right now 3980 area is holding resistance...The market is rejecting that area so my trade should be short..is not a 00/50 area but is holding...

00/50 is just a guide. Yes the market has become sweet to that levels but nothing is written in stone.
Peace
  • #914
  • Oct 7, 2010 6:17am Oct 7, 2010 6:17am
stop-loss hit.....

sitting on my hands.
Peace
  • #915
  • Oct 7, 2010 6:42am Oct 7, 2010 6:42am
Thanks Feb,

That makes sense about 1 min charts and 00, 05s and holding levels. Thankyou for explanation, I was beginning to think you were psychic!!!!

Regards Renata
  • #916
  • Oct 7, 2010 6:52am Oct 7, 2010 6:52am
Quoting feb2865
They're basically the same levels. Just the 30 min bar tales longer to fill. I only see 1 min charts...no zooming in and out timeframes for me..

I look at 00 50 levels but I also pay attention to any price that is giving the market some resistance/support.

Right now 3980 area is holding resistance...The market is rejecting that area so my trade should be short..is not a 00/50 area but is holding...

00/50 is just a guide. Yes the market has become sweet to that levels but nothing is written in stone.


Oh! I am so thanksfull to you brother!!!!!!!!!!!!! Thank you!

This is what I was needing to get the whole picture!



Right now I see 3980 is becoming support...
  • #917
  • Oct 7, 2010 7:11am Oct 7, 2010 7:11am
The market pushed all the way up to 13997 but was quickly rejected...
I am sitting on my hands waiting for the news...
Peace
  • #918
  • Oct 7, 2010 7:17am Oct 7, 2010 7:17am
Just came in after a brief recess. Here is where I am now
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #919
  • Edited 7:44am Oct 7, 2010 7:17am | Edited 7:44am
I'm short from the revisit of supply, double top, whatever i'm wondering if it can slip down to this morning's demand level c3940..

Edit: -0.25% loss on this. Maybe next time
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  • #920
  • Oct 7, 2010 7:40am Oct 7, 2010 7:40am
Quoting Precap2
Just came in after a brief recess. Here is where I am now

what are you trading??

You really got me confused...
Peace
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