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  • #408,081
  • Mar 16, 2011 2:36pm Mar 16, 2011 2:36pm
Quoting cloggie
One thing you should take away from my trades as you can clearly see on all the entry charts I post is that I never ever try to pick the top or bottom, yes I miss out on 10-20 pips per trade, but I only get it when a direction is confirmed and by doing that the probablilty of success increases exponentially, I just make up for missing the first 5-10 pips by increasing the size. Staying away from tops and bottoms should increase your winratio tremendously.

It is a bit of a banter here on the thread posting them all, but there is something in it...
Thanks for the charts Cloggie. That's exactly what I've noticed watching your entries. Can you share which TF did you use for your entries, 5m? I know that identifying proper PA and entry points requires a lot of experience but last couple of weeks seems crazy to me..
  • #408,082
  • Mar 16, 2011 2:43pm Mar 16, 2011 2:43pm
any1 trading GBP/USD here.. wats d forecast like... its around 35 pips off d days lows... will it go up..?
  • #408,083
  • Mar 16, 2011 2:43pm Mar 16, 2011 2:43pm
Quoting ipipit
Thanks for the charts Cloggie. That's exactly what I've noticed watching your entries. Can you share which TF did you use for your entries, 5m? I know that identifying proper PA and entry points requires a lot of experience but last couple of weeks seems crazy to me..

There is no set TF, just keep an eye on as much information as you can. Recognising that the last two weeks have been different is the first step, now you just need to adjust your trading style accordingly, if you can't then stay out.
  • #408,084
  • Mar 16, 2011 2:43pm Mar 16, 2011 2:43pm
Quoting gatorinla
3850 was next target.
if we hold here (H 3908.5) minor target is below the major one. at 3835.2 still no bulls w/o 3914
those who can, do. those who cant, talk about those who can
  • #408,085
  • Mar 16, 2011 2:44pm Mar 16, 2011 2:44pm
Quoting Flynchenberg
What else can I say:

Forget trying to be a hero by picking the exact reversals, just focus on confirmed moves, that's where the money is.
  • #408,086
  • Mar 16, 2011 2:44pm Mar 16, 2011 2:44pm
Quoting cloggie
It is a bit of a banter here on the thread posting them all, but there is something in it if you want to see how I trade. There are very few traders in the world that can pick a top or bottom exactly, I just won't even try, who cares really, I just trade the confirmed moves, lots safer and a heck more profitable.
Cloggs I would really like to see if you dont mind, I believe you have a lot to offer
  • #408,087
  • Mar 16, 2011 2:48pm Mar 16, 2011 2:48pm
Looks like 1.892 bounce will take it higher (Up - Sideways - Up ?)

Quoting gatorinla
if we hold here (H 3908.5) minor target is below the major one. at 3835.2 still no bulls w/o 3914
Disclaimer: Check your 1m charts
  • #408,088
  • Mar 16, 2011 2:53pm Mar 16, 2011 2:53pm
Quoting pipper
Looks like 1.892 bounce will take it higher (Up - Sideways - Up ?)
maybe. but if they don't get water in those spent fuel rods. this bubble is gonna burst. governments are trying to avoid panic. its worse then it appears.
after all they are the #2 consumer. just a normal pa bounce after a target was hit to me. take out 3914 and then i will look for a top to short.
those who can, do. those who cant, talk about those who can
  • #408,089
  • Mar 16, 2011 2:58pm Mar 16, 2011 2:58pm
Quoting gatorinla
if we hold here (H 3908.5) minor target is below the major one. at 3835.2 still no bulls w/o 3914
without 3922 I still like a longshot for 3843ish...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 16 KB
Look Sharp/Trade Tight
  • #408,090
  • Mar 16, 2011 2:58pm Mar 16, 2011 2:58pm
dixy back at 76.65.
  • #408,091
  • Mar 16, 2011 3:02pm Mar 16, 2011 3:02pm
hi all. good evening. just got online and got a lot to read . lots of things happening in the world i see.
  • #408,092
  • Mar 16, 2011 3:10pm Mar 16, 2011 3:10pm
Quoting PipChick
My week is not so great so far..up 134 pips in 3 days and I wont be trading tomorrow at all so that only gives me tonight and a few hours on fri. I try not to trade after 8 am on fridays.
My weeks good so far but i've been playing Swissy and Aussie.
You can remain irrational longer than you can remain solvent.
  • #408,093
  • Mar 16, 2011 3:11pm Mar 16, 2011 3:11pm
Quoting Mr Hatch
dixy back at 76.65.

look at the dam yen
  • #408,094
  • Mar 16, 2011 3:19pm Mar 16, 2011 3:19pm
Quoting kill56
hey mark


what P do u use for lower TF's mine 60


Hi Kill,

Murrey advised to set the p=value as a multiple of 8 or 16.

When I started with Murrey I often used 256, but Murrey means that all values above 64 are out of humans hand.

64 works most of the time good on all TF's

Sometimes I use 256 on the dailys to get the "big picture".

Remember: the p-value has to be set in this way, that the last significant wave is covered of the octave in its entirety. But set it to a multiple of 16 (16, 32, 64, 128, 256, even 512 or 1024 are interesting for long periods)

But my experience has led me to mostly use 32 on 1, 5, 15, 60 and 240min.

Murrey works best as a MTF aproach. Set 4 TF's up with MM on each so you can beter see where you are headed when e.g. price on the 1 min drops out of the octave.

Interesting note: Murrey thinks that his lines are more predictive than fibs.
  • #408,095
  • Mar 16, 2011 3:20pm Mar 16, 2011 3:20pm
Yes, they are trying to avoid panic. Horrific times for Japan at present. UK/US/France now advising citizens to leave. France organising planes to bring citizens home.

Quoting gatorinla
maybe. but if they don't get water in those spent fuel rods. this bubble is gonna burst. governments are trying to avoid panic. its worse then it appears.
after all they are the #2 consumer. just a normal pa bounce after a target was hit to me. take out 3914 and then i will look for a top to short.
Disclaimer: Check your 1m charts
  • #408,096
  • Mar 16, 2011 3:21pm Mar 16, 2011 3:21pm
Yesterdays 4 hr 4pm est close looks very similar to todays 4pm est close.
Attached Image (click to enlarge)
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  • #408,097
  • Mar 16, 2011 3:24pm Mar 16, 2011 3:24pm
Quoting kill56
look at the dam yen
It doesn't really surprise me at all. Atm, I'm trying to figure out for myself, how strong the dollar really is.
In November, when we touched to big weekly tl, EU was trading at 428x, now we're back down here at around 3900... help me out. My naive opinion tells me, that the dollar is stronger, or am I wrong?
  • #408,098
  • Mar 16, 2011 3:31pm Mar 16, 2011 3:31pm
Quoting kill56
look at the dam yen
78.70 was the post war low.. we got within 4 pips today.. but we already broke out the monthly closes from 1995 @ 82.93.. many consider that a breakout. im tempted to long the db
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.PNG Size: 37 KB
those who can, do. those who cant, talk about those who can
  • #408,099
  • Mar 16, 2011 3:34pm Mar 16, 2011 3:34pm
morning mates, from m1 m5 i reckon short road is close to end. shortterm long looks ok for me.

but i will not consider a decent long until it reach 382X--3840, or even save place 3790--380x
  • #408,100
  • Mar 16, 2011 3:43pm Mar 16, 2011 3:43pm
Quoting infinitus
Hi Kill,

Murrey advised to set the p=value as a multiple of 8 or 16.

When I started with Murrey I often used 256, but Murrey means that all values above 64 are out of humans hand.

64 works most of the time good on all TF's

Sometimes I use 256 on the dailys to get the "big picture".

Remember: the p-value has to be set in this way, that the last significant wave is covered of the octave in its entirety. But set it to a multiple of 16 (16, 32, 64, 128, 256, even 512 or 1024 are interesting for long periods)

But my experience has led me...
I've been using (p = 32) on a 30min chart. It has been extemely accurate on the EU pair so far.
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