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  • #3,761
  • Edited 8:37am Dec 22, 2010 8:22am | Edited 8:37am
Hi Graeme,
Just want to say thanks for posting in FF,
I have just in recent weeks stumbled upon this thread and been trying my best to read as much as I can.

So far I am still in the process of reading and learning.
But i have had just stacked one Sell position on EURUSD at 1.3118 and it's 13 pips in profit right now and moved stop to BE.

now on my 2nd position and once it moves + 10 pips or more i'm going to move the stop to BE asap.

I am frantically trying to read as much as possible cos there's just so much information so that i can get up to speed with and close the gap between
the doing( demo trading for starters and learning ) and the knowledge ( reading of this thread) .

Update#1:
Btw i'm +21 pips on 1st position ( SL at BE) and +9 pips on second position. gg to move SL to BE for 2nd positon soon..
On Hindsight i'm a bit late on my probing but still hope i can learn something from it ( enter at start of hour)

Update#2: 2nd Position out at BE at 1.3106.
still holding 1st position at BE. entry at 1.3118.

Update #3: Price just breached .00
added one more sell at 1.3097 ( a 2nd position)

Update #4: 3rd position at 1.3091

Update #5: price at 1.3089.

1st Position BE entry 1.3118
2nd Position BE entry 1.3097
3rd Position watching entry 1.3091

Thanks again Graeme for your sharing!
  • #3,762
  • Dec 22, 2010 8:25am Dec 22, 2010 8:25am
Quoting willkohsg
Hi Graeme,
Just want to say thanks for posting in FF,
I have just in recent weeks stumbled upon this thread and been trying my best to read as much as I can.

So far I am still in the process of reading and learning.
But i have had just stacked one Sell position on EURUSD at 1.3118 and it's 13 pips in profit right now and moved stop to BE.

now on my 2nd position and once it moves + 10 pips or more i'm going to move the stop to BE asap.

I am frantically trying to read as much as possible cos there's just so much information so that i can get...
Thank you for the compliment and it is my pleasure.

The positive impact a trader contributes to his/her family and community through their success outweighs the effort I place in these forums. That is the ultimate risk:reward for myself..

Get ready for that 2nd position to BE as there is a stall at .00.

However, Im sure you will know what to do if it breaches through

Sincerely,

Graeme
  • #3,763
  • Dec 22, 2010 8:33am Dec 22, 2010 8:33am
I havent talked about stacking on 5min chart for some time.

eurusd 5min

http://img842.imageshack.us/img842/605/aa1b.jpg

Anticipating:

1. Down candle
2. Less than 33% retrace - best possible scenario
3. It does close below .00

Cost?

5 pips..

I will pay this every opportuntiy i get
  • #3,764
  • Dec 22, 2010 8:37am Dec 22, 2010 8:37am
Never sit in one spot looking at one timeframe

Move around as each timeframe tells different story

eurusd 4hr

http://img708.imageshack.us/img708/586/27319978.jpg

Make another assumption

If the current 4hr candle is nice and bold with the best scenario then it should close below the open price of previous up candle. Remember this rule that we speak everytime.

Make it into reality. Participate
  • #3,765
  • Dec 22, 2010 8:42am Dec 22, 2010 8:42am
If we just stop here and reflect what just happened for the last few hours.

You are trading well with a professional mindset if:

eurusd 4hr

http://img257.imageshack.us/img257/2583/56388856.jpg

There is one more 1hr candle before the new 4hr candle

Time to ease up little bit and watch again
  • #3,766
  • Dec 22, 2010 8:46am Dec 22, 2010 8:46am
Quoting pipEASY
If we just stop here and reflect what just happened for the last few hours.

You are trading well with a professional mindset if:

eurusd 4hr



There is one more 1hr candle before the new 4hr candle

Time to ease up little bit and watch again
Hi Graeme..how about my 4 hr just started 45 min ago
  • #3,767
  • Dec 22, 2010 8:46am Dec 22, 2010 8:46am
I havent lost a position yet so I continue stacking heavily. I'm still controlled not to overtrade.

eurusd 5min

http://img816.imageshack.us/img816/6619/25650613.jpg
  • #3,768
  • Dec 22, 2010 8:48am Dec 22, 2010 8:48am
Quoting nomask
Hi Graeme..how about my 4 hr just started 45 min ago
Well done.

I didnt look at gbpusd but i thought it might.

eurusd and gbpusd move together most often during fast movements
  • #3,769
  • Dec 22, 2010 8:52am Dec 22, 2010 8:52am
Quoting pipEASY
I havent lost a position yet so I continue stacking heavily. I'm still controlled not to overtrade.

eurusd 5min

http://img816.imageshack.us/img816/6619/25650613.jpg
Im unfortuantely embarassed to admit that I just suffered a small loss.

Pressed buy instead of sell and only realized now when my hard stop loss wouldnt enter.

New 1 hour candle coming up. Wait and watch

Sincerely,

Graeme
  • #3,770
  • Dec 22, 2010 8:53am Dec 22, 2010 8:53am
Quoting pipEASY
Well done.

I didnt look at gbpusd but i thought it might.

eurusd and gbpusd move together most often during fast movements
Hi Graeme,
thanks for the play by play posting.
Really am happy to learn "live" with the charts and ur posts in front of me
Thanks so much again
  • #3,771
  • Dec 22, 2010 9:00am Dec 22, 2010 9:00am
By now alot of the readers can probably anticipate/assume on the same level as myself as I have been drilling in same information over and over again.

Next 1hr candle is coming up.

What are we anticipating?
  • #3,772
  • Dec 22, 2010 9:02am Dec 22, 2010 9:02am
are we anticipating price to breach through the 80ish levels which was the support for the previous lows on Hourly chart?
  • #3,773
  • Dec 22, 2010 9:05am Dec 22, 2010 9:05am
Quoting willkohsg
are we anticipating price to breach through the 80ish levels which was the support for the previous lows on Hourly chart?
Good.

In general I anticipate that current 1 hour candle has

1. Less than 33% retrace - which is the best scenario for us

http://img710.imageshack.us/img710/3263/42188914.jpg

Cost of probe?

8 pips...
  • #3,774
  • Dec 22, 2010 9:08am Dec 22, 2010 9:08am
Quoting pipEASY
Never sit in one spot looking at one timeframe

Move around as each timeframe tells different story

eurusd 4hr

http://img708.imageshack.us/img708/586/27319978.jpg

Make another assumption

If the current 4hr candle is nice and bold with the best scenario then it should close below the open price of previous up candle. Remember this rule that we speak everytime.

Make it into reality. Participate
Looking back at post about 30 minutes ago.

We anticipated price to drop below open price of previous up candle and close below it. This is the best scenario and we always assume the best scenario for us.

At the moment it is happening that way.

http://img251.imageshack.us/img251/8335/29568785.jpg

Are you participating?

Are you creating it into reality?

What is stopping you? - Is it the indicators and the pending news releases and the whole rigamarole of conflicting thoughts and views hindering your own progress? Or perhaps it is the generalised belief that you hold against you from participating.

Whatever it is, you are unknowingly stopping your own profitability. Think about it..
  • #3,775
  • Edited 9:37am Dec 22, 2010 9:21am | Edited 9:37am
Apologies at the length of my posts.

I hope the scene by scene helps your trading.

I too trade with all the readers so our interest matches.

For the traders who did follow my recommendation

This is where we are:

eurusd daily

http://img192.imageshack.us/img192/3114/zz1xv.jpg

eurusd weekly

http://img534.imageshack.us/img534/8930/zz2u.jpg

eurusd monthly

http://img171.imageshack.us/img171/2899/zz3fs.jpg

Would you say you are in the best position for the greater profitability?

How much did it cost you today?

-20, -40, -60 pips even?

It upsets me that traders with professional mentality are concerned with such petty losses.
  • #3,776
  • Dec 22, 2010 9:28am Dec 22, 2010 9:28am
Now, everything can go against us at any moment.

We cant prevent that happening but for today you did act true professional and placed your interest in the best possible scenario.

The fluctuations of the market is random and we can only do the same thing again and again till it does ienvitably stick as per our hindsight. Inevitable.

Since we always assume the best possible scenario. Here is one more assumption I will try and make a reality out of.

eurusd monthly

http://img530.imageshack.us/img530/7762/zz4d.jpg

This is the best possible scenario. Price continuing down from here for the next 7 years or more for thousands and thousands of pips.

Im ready to hold onto it until then.

Sincerely,

Graeme
  • #3,777
  • Dec 22, 2010 9:31am Dec 22, 2010 9:31am
absolutely fantastic job....very brilliant...
i think everybody agrees that longer the posts better to understand..
  • #3,778
  • Dec 22, 2010 9:31am Dec 22, 2010 9:31am
Excellent display Graeme, thank you. I lost about 30 pips in the process of establishing 3 positions on the wick (which are at +80 pips unrealised profit in this moment), so it is going to be a real treat if the hindsight works for us, if however it doesn't then rinse and repeat

Update: Yes, very much agreed that the more posts Graeme can show us, the better.

Kindest Regards,

Cam
  • #3,779
  • Dec 22, 2010 9:35am Dec 22, 2010 9:35am
Thank you for the continued interest.

It is 2:30am here in Sydney and I do have to attend a medical examination earlier on tomorrow.

I could be unavailable for the next few days to attend to personal matters.

In reponse to the question I received through private messaging. I promised all that I was working on a pdf version of information.

It has evolved to a point where now I am writing a book on it. It will be hopefully be ready end of next year.

Some might question my motive now that I mention that I could be selling books but rest assured all members of this forum who request a copy will receive one for free at my expense. Please let me know closer to the date.

The book will be titled: Building an equity millipede

The book is something that I wish to leave behind as a token of accomplishment.

Sincerely,

Graeme

P.S Price stalled. Time to leave computer and leave your positions on BE.

Edit: There will be no personal profiting from the book sale. It will all go to charity
  • #3,780
  • Dec 22, 2010 9:36am Dec 22, 2010 9:36am
Quoting pipEASY
Now, everything can go against us at any moment.

We cant prevent that happening but for today you did act true professional and placed your interest in the best possible scenario.

The fluctuations of the market is random and we can only do the same thing again and again till it does ienvitably stick as per our hindsight. Inevitable.

Since we always assume the best possible scenario. Here is one more assumption I will try and make a reality out of.

eurusd monthly

http://img530.imageshack.us/img530/7762/zz4d.jpg...
Thanks Graeme, you are such a very good and genuine forex coach online !.

Awesome real example.
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