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  • #441
  • Oct 12, 2010 5:39am Oct 12, 2010 5:39am
No problem - I'm at work at the moment, but I'll put some charts up tonight.

Cheers, G

Quoting Pirabuji
Hi Gododdin,

It's good to hear that you are doing well.

Please can you post charts of the trades you have taken?

Thank you,
When in doubt, sit on your hands...
  • #442
  • Oct 12, 2010 8:53am Oct 12, 2010 8:53am
hello, my name is fredy
I just wanna thank you for someone like you who bless many traders with your way of teaching
i just wanna ask, i wonder how you set the price alert , do you know the web or application which can be used as price alert ? because it's very hectic when we wait the set up to get in the trade, while price haven't retrace to 50 fib yet
sorry for the newbie question :>
i am learning forex for 6 months and doing real micro account for learning in just 2 months, and i find your way of trading of minimize the risk and expand the profit is very acceptable
i have tested your method in 15 mnt time frame and its still working ^^ i do this in 15mnt time frame because i dont have the price alert and always come back every 1 or 2 hours to stacking position in 50 fib of retracement, sometimes it missed ....
i find your way of trading is very exciting.

best regards,
fredy
  • #443
  • Oct 12, 2010 11:19am Oct 12, 2010 11:19am
Quoting DanUK
Hi benem,

Actually yes this is a trade I have taken. It's not perfect and it may well go against me but it's one that I am willing to let breathe.

My reasoning is that price failed to break through the 75.00 level after trying for several weeks and has since bounced up and over the next important level at 80.00.

Now bez3000 did mention that it is at a swing high and therefore not a good idea to trade... this is true (well actually it's not quite at the high but on a shallow retracement) but my theory is that it may be showing that the 80.00...

I didn't see your replay.....got it now..... thanks .


My trade closed at BE,because i found i didn't have much space for the trade to develope.i moved my SL at BE once price got to the blue area.
Attached Image (click to enlarge)
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Patience is essential
  • #444
  • Oct 12, 2010 3:09pm Oct 12, 2010 3:09pm
Hi satelit253 you could try this:

http://www.alertfx.com/



Quoting satelit253
hello, my name is fredy
I just wanna thank you for someone like you who bless many traders with your way of teaching
i just wanna ask, i wonder how you set the price alert , do you know the web or application which can be used as price alert ? because it's very hectic when we wait the set up to get in the trade, while price haven't retrace to 50 fib yet
sorry for the newbie question :>
i am learning forex for 6 months and doing real micro account for learning in just 2 months, and i find your way of trading of minimize the risk and expand the profit...
  • #445
  • Oct 12, 2010 5:50pm Oct 12, 2010 5:50pm
Thanks Podgy, Bez and Yogi. Looks like I'm on the right track.

I don't have time to check the H4 charts so I'm just referring to daily charts after work. Of the 10 pairs (sticking to pairs with lowest spreads) I'm looking at, that was the only possible set up I could find. It seemed to me that pairs were either already into a trend (no retracements to look at and away from key areas of resistance) or quite messy and range bound.

Am I correct in my thinking or am I missing a bus load of set ups???

Perhaps you, my learned friends, could be good enough to show some charts of set ups that have occured say in the last week or so?

Hope you can help me on my journey to enlightenment

Cheers

Mark
  • #446
  • Oct 13, 2010 2:41am Oct 13, 2010 2:41am
Hi satelit253

You could also try this free service...

http://www.dailyfx.com/charts/mobile_price_alerts/

It's pretty good.

Hope that helps

Daxness
  • #447
  • Oct 13, 2010 3:21am Oct 13, 2010 3:21am
Seems like we going to have a Triple Top on EURUSD at the 1.4000 Resistance. EURUSD Chart does not give me reason to exit long..............also have GBPCHF short running and looking for PA at 1.5200 to short again..............cheers
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  • #448
  • Oct 13, 2010 4:00am Oct 13, 2010 4:00am
Hey, Gododdin, I noticed you on pipEASY's thread also. Like me are you finding the fusion of this superb thread and pipEASY's marvellous material totally changing the way you look at this game of forex ??

Alex
  • #449
  • Oct 13, 2010 4:30am Oct 13, 2010 4:30am
Quoting bez3000
Hi satelit253 you could try this:

http://www.alertfx.com/

tq bez, i am just signing to alertfx, wonder may i ask again, it is said to have email to sms , i just asking to my operator here, there is no email to sms in their service, do you use email to sms to or it can be sent just by email ? or an alert can be used just using email to sms?
may be bez or anyone know ?
i thank you for sharing this info

best regards,
fredy
  • #450
  • Oct 13, 2010 10:25am Oct 13, 2010 10:25am
Quoting satelit253
tq bez, i am just signing to alertfx, wonder may i ask again, it is said to have email to sms , i just asking to my operator here, there is no email to sms in their service, do you use email to sms to or it can be sent just by email ? or an alert can be used just using email to sms?
may be bez or anyone know ?
i thank you for sharing this info

best regards,
fredy
If you can't get text messages via email type address, take a looks at the link below. It is not a free service but doesn't look to bad if you consider what a profitable trade is worth.

http://www.textmagic.com/app/pages/e...s/email-to-sms

http://www.textmagic.com/app/pages/en/pricing-coverage
  • #451
  • Oct 13, 2010 6:10pm Oct 13, 2010 6:10pm
How about this chart of EUR/CHF. Would the inside bar formed on the 8th Oct have been a suitable trigger to go short? At 1.3500 level and at trend line. Just beyond 61.8 Fib retracement.

Cheers

Mark
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  • #452
  • Oct 14, 2010 5:54am Oct 14, 2010 5:54am
Quoting HxMark
How about this chart of EUR/CHF. Would the inside bar formed on the 8th Oct have been a suitable trigger to go short? At 1.3500 level and at trend line. Just beyond 61.8 Fib retracement.

Cheers

MarkAttachment

Just my 2cents...

I think this is a good short trade setup. it's not the perfect bearish inside bar on th 8th, but enough to make us pay attention...

If you draw a support line on the 1.3260 you can see that this value has been respected in the past.

I'm not sure if I'm being over cautions by I'm willing to short after a daily close below that level... Let's say a short at 1.3250.

Would like people's comments...
  • #453
  • Oct 14, 2010 11:48am Oct 14, 2010 11:48am
Hi all
I'm waiting for the EUR/USD on 1.4400 because of :
- Fibo 61.8 for the long swing
- Fibo 78.6 for the short swing
- Down trendline
- Fibo expansion 127.2
So what you think Dan ?
Peace
Attached Image(s) (click to enlarge)
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  • #454
  • Oct 15, 2010 2:42am Oct 15, 2010 2:42am
Quoting Daxness
Hi satelit253

You could also try this free service...

http://www.dailyfx.com/charts/mobile_price_alerts/

It's pretty good.

Hope that helps

Daxness

Tx daxness
  • #455
  • Oct 15, 2010 2:06pm Oct 15, 2010 2:06pm
Hi Dan and other guys,
I know that you use S/R, TL, Fibs, RN, etc for the majors as well as the crosses.
It's a common believe that those things work because they are self-fulfilling prophesy.
Now, crosses are derived from the majors, so seems like TL or Fibs shouldn't matter that much on the crosses because PA there is driven by other factors (the majors PA).
So from your experience, does the method work on the crosses with the same efficiency as on the majors?
The only logical explanation I see that maybe sometime it's the crosses driving the majors...
What do you think?
Thank you
  • #456
  • Oct 15, 2010 2:51pm Oct 15, 2010 2:51pm
http://cdn.content.sweetim.com/sim/c...s/00020287.gif
  • #457
  • Oct 18, 2010 4:29am Oct 18, 2010 4:29am
Any chance of seeing those charts?

Quoting gododdin
No problem - I'm at work at the moment, but I'll put some charts up tonight.

Cheers, G
  • #458
  • Oct 18, 2010 7:09am Oct 18, 2010 7:09am
Quoting gododdin
Hi all – I just wanted to write that you should listen to what Dan has to say…

[size=3]Following his methods has turned my trading around, to the point where I am able to say “I haven’t had a single losing trade since I started following the method.” A year ago I never thought I’d be able to write that line. It goes with the territory that I have had a few break even trades, and there are 4 trades which are currently ongoing and have been for a few......
Hi guys,

Sorry I haven't been around to post this last week - I was quite unwell and kept away from the computer as much as possible!

I will try and catch up today now that I am back to it... I just wanted to say congratulations to gododdin - I knew that first 1000 pip profit was close, well done my friend!

I hope people take notice of gododdin's success - it really is quite possible for others to do the same.

Regards,

Dan
  • #459
  • Oct 18, 2010 7:23am Oct 18, 2010 7:23am
Quoting dan89
Hey Dan, sorry about my counter trend trade post, ive deleted the post now since its off topic. .Ill stick to trend trading from now on

Dan
Hi Dan,

That's ok - you didn't actually have to delete your post but I am glad you are going to stick with the trend for now!

Regards,

Dan
  • #460
  • Oct 18, 2010 7:31am Oct 18, 2010 7:31am
Quoting panfried
Thanks for your patience Dan,

My thinking is slowly coming around I believe...

The problem I'm finding is that with enough analysis I can make a pretty good case for long or short on most charts.

So this is the case I'm seeing for short on EG, and why we're playing it long - if that makes sense.

Just want to run it by you to see if I'm 'getting it'.

On the weekly I'm seeing price forming a doji candle just beneath resistance and a long term downward sloping trend line. I've drawn a fibbo here on the last engulfing swing, and you...
Hi panfried,

Sounds to me like you are "getting it"! Your conclusions seems to be sound to me... remain on the side of the dominant trend as defined by the daily charts (currently up) until you get confirmation that the trend has changed.

Another tip would be to avoid the H4 charts for now - especially when price isn't 100% clear; stick with the dailies for better/more reliable entries.

Regards,

Dan
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