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Nearly Naked (Simple Trades)

  • #9,201
  • Oct 29, 2010 5:55pm Oct 29, 2010 5:55pm
Nice Chart


Quoting Tuner
Think that was a good decision to get out of that trade. I only managed to get some 20 pips + a BE trying to catch a bit of that retrace...
I also had a short EU from last night @ 1.3930. First half cashed in earlier today for 110. Rest BE now.
It is a real rollercoaster-ride these days. Especially EU. Those last 3 weekly candles look like "undecided".. Some nice break-out ahead maybe. With some news-releases next week we might finally see some direction again.
Looking back to Feb. this year, we had almost the same 3 weeklys...to take a lil rest...
Annoying Precision
  • #9,202
  • Oct 29, 2010 6:00pm Oct 29, 2010 6:00pm
Heres some "trader mindset" weekend study material for everyone.
Attached File(s)
File Type: pdf As a man thinketh.pdf   266 KB | 317 downloads
File Type: pdf mental_fitness_for_traders.pdf   757 KB | 344 downloads
File Type: pdf The_Secrets_to_Emotion_Free_Trading_by_Larry_Levi.pdf   484 KB | 332 downloads
File Type: pdf pin bars advanced.pdf   113 KB | 330 downloads
Annoying Precision
  • #9,203
  • Oct 29, 2010 6:12pm Oct 29, 2010 6:12pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting erikte279
Heres some "trader mindset" weekend study material for everyone.
Thanks erikte..
Looks like interesting stuff. Good for a long weekend!
"Blue Horseshoe loves Anacott Steel!"
  • #9,204
  • Oct 29, 2010 7:34pm Oct 29, 2010 7:34pm
Trade of the week -- Feel free to post yours
Attached Image (click to enlarge)
Click to Enlarge Name: pic81.gif Size: 21 KB
Annoying Precision
  • #9,205
  • Oct 29, 2010 11:25pm Oct 29, 2010 11:25pm
Quoting Peter-FX
Low,
Here is one other section of the code you can change.
Peter or Low, do you have the MA ribbon code that uses one EMA and one SMA. In ThinkorSwim I use the 8ema and 35sma that you see on my charts...the code I have for MT4 is for two EMA's.

Thanks.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,206
  • Oct 30, 2010 2:14am Oct 30, 2010 2:14am
Quoting MarcVUM
Amy, I know that you always mention that price has to close and then open either above or below a certain pivot point. Do you make that calculation based on next weeks pivot points or the current weeks points? I noticed that price closed above the W PP this week (A/U) and assuming there are no gaps down at the open next week price should be be opening above next weeks PP. This would lead me to believe that price is going to continue higher....my MA's are telling me that we are going to retest the highs yet again.

Happy Halloween Everyone!


http://smileys.smileycentral.com/cat/8/8_1_225.gif...
for me it has to open above next weeks pivot points. I closed out all my shorts on friday and will be going long this week, the bottom is not in for dx yet.
  • #9,207
  • Oct 30, 2010 4:43am Oct 30, 2010 4:43am
EU daily, I am bullish on this pair for now. price should hit 1.4178 in November and probably 1.4350 (not shown on chart). A gap down and open under 1.3908 would change my mind.

I still see a reversal back to 1.33ish but that might not happen until mid-late November.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 21 KB
  • #9,208
  • Oct 30, 2010 4:48am Oct 30, 2010 4:48am
Quoting MarcVUM
Use the Heikin Ashi candles for the weekly and monthly charts. It's not going down anytime soon until it breaks the strong support you see on my H4 chart below. It's range bound until the R or S is broken. The only real way to trade it is by using the M30 MA's, pivot points and Fibs. It's not been easy so you may want to stay away from it until it breaks in one direction or the other.
Point taken and understood. I see where you are coming from.
May the pip flow with you
  • #9,209
  • Oct 30, 2010 4:56am Oct 30, 2010 4:56am
Quoting Low
Hey flow, IMO you shouldn't project "potential" harmonic patterns. The patterns are primarily trade-able from the "D" point, because that is the "completion" point.

I love harmonics but they fail just like anything else, so there's not much incentive to trade them when they're incomplete, because that just increases the odds of failure.

Honestly, the ones I trade I like to be very "well-defined", and symmetrical, and I also like to plot fibs independent of my indicator to see if they meet my specs.

In the above example, you will first...
Low,

You are not only telling how to trade, but you are helping grasp the concept and my sincere gratitude to you. You have helped me conceptualize and digest harmonic trading after several months of reading. Couldn't think out of the box so I felt somewhat astray with my thoughts sometimes and now you have helped me put everything in order.

Well, basically, I'm trying to learn and experience various types of methods. Glad I've shared with you guys, cause if I'd never lay my cards on the table, I'll never get any pointers on how to play them.

Great Thx to all.
May the pip flow with you
  • #9,210
  • Oct 30, 2010 5:07am Oct 30, 2010 5:07am
Quoting erikte279
Heres some "trader mindset" weekend study material for everyone.
Good stuff Erikete. Keep em coming
May the pip flow with you
  • #9,211
  • Oct 30, 2010 5:08am Oct 30, 2010 5:08am
test driving my brand new 22" LED Philips monitor.
May the pip flow with you
  • #9,212
  • Oct 30, 2010 8:57am Oct 30, 2010 8:57am
Quoting amyc
for me it has to open above next weeks pivot points. I closed out all my shorts on friday and will be going long this week, the bottom is not in for dx yet.
http://smileys.smileycentral.com/cat/4/4_1_101.gif I love it when your thoughts and mine align. The moment that this purple 95sma is broken to the upside and is tested (maybe within the same H4 bar) the rally should be strong. I'll be targeting the UTL first, moving my S/L up as we go and hopefully we ride into parity and beyond!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 155 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,213
  • Edited 10:44am Oct 30, 2010 10:31am | Edited 10:44am
Some charts

Nzd/usd monthly
gbp/chf monthly
usd/cad h4
usd/cad monthly
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: pic85.gif Size: 21 KB
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Annoying Precision
  • #9,214
  • Oct 30, 2010 10:35am Oct 30, 2010 10:35am
Very Nice. Looking for longs Gbp/Usd
Attached Image (click to enlarge)
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Annoying Precision
  • #9,215
  • Oct 30, 2010 10:40am Oct 30, 2010 10:40am
Similar situation Eur/chf
Attached Image (click to enlarge)
Click to Enlarge Name: pic88.gif Size: 15 KB
Annoying Precision
  • #9,216
  • Oct 30, 2010 11:03am Oct 30, 2010 11:03am
Nice quote

“I’d rather be out of a market (or stock) wishing I was in, than in a market wishing I was out.”
Annoying Precision
  • #9,217
  • Edited 10:19pm Oct 30, 2010 7:04pm | Edited 10:19pm
Quoting MarcVUM
Peter or Low, do you have the MA ribbon code that uses one EMA and one SMA. In ThinkorSwim I use the 8ema and 35sma that you see on my charts...the code I have for MT4 is for two EMA's.

Thanks.

Hi Marc,
You can change from EMA to SMA if you edit the inputs. Or you can change the code, see pic.
EMA = 1
SMA = 0

So it would read:
MA1Period 8
MA1Method 1
MA1Price 0
MA2Period 35
MA2Method 0
MA2Price 0

When happy, don’t forget to save as Template in MT4.

Alright Marc, I’ve done it for you. See below.

Attached Images
Attached File(s)
File Type: mq4 MA-ribbon-filled.mq4   2 KB | 240 downloads
File Type: ex4 MA-ribbon-filled.ex4   3 KB | 213 downloads
  • #9,218
  • Oct 31, 2010 6:48am Oct 31, 2010 6:48am
Thanks to you, that little matter of a rising TL on the 4hr is noted.

http://www.forexfactory.com/showpost...&postcount=686
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #9,219
  • Oct 31, 2010 9:21am Oct 31, 2010 9:21am
Quoting 45Condor
Thanks to you, that little matter of a rising TL on the 4hr is noted.

http://www.forexfactory.com/showpost...&postcount=686
Sweet! I hope it made you a few pips!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,220
  • Oct 31, 2010 9:22am Oct 31, 2010 9:22am
Quoting Peter-FX
Hi Marc,
You can change from EMA to SMA if you edit the inputs. Or you can change the code, see pic.
EMA = 1
SMA = 0

So it would read:
MA1Period 8
MA1Method 1
MA1Price 0
MA2Period 35
[FONT=Comic...
Thanks Peter. That solves my little problem! You're my go to guy for MT4 coding!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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