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  • #428,321
  • Apr 26, 2011 3:11am Apr 26, 2011 3:11am
Quoting Bren0001
Wulfgar,

When you are in the trades that are making hundreds and thousands of pips, what keeps you in the trades when large retracements are happening? In other words, how are determining that the large retracement is just a retracement and not a trend reversal?

Brendan.
Well basically It is the methodology of entering and exiting trades that keeps me in them as well as the areas i build positions from.


For instance I have long positions on the EU from 1.2002 on up to one I just placed here at 1.4529( 11 or so in total)

When i enter a trade I have 3 take profits... When the first one gets hit I move my SL to BE+1 and I DO NOT adjust them...TP2 has a more substantial target and is one of the keys to building my account. The 3rd leg I never adjust until I move into a new Quarterly or annual channel( for instance my SL's on all positions i took previous to 1.3728 are locked in at that position... I will lock in more after we break through the 1.4911( will move SL's to 4184.

So over time these positions build up into massive pips

I pay myself monthly by closing out some of them if I have not made enough With my TP's 1 and 2.

I dont enter many trades... maybe 3 or so a quarter on each pair I follow if they meet my rules of engagement....but I follow 22 pairs plus the DOW, Gold, Silver, and the USDX so there is always opportunity.
  • #428,322
  • Apr 26, 2011 3:18am Apr 26, 2011 3:18am
Quoting talentfx
catch

And again you are 30 pips in the red, how feckin cr@p can you really be, !d!ot.



Am outta here, got some real money to make.
  • #428,323
  • Apr 26, 2011 3:19am Apr 26, 2011 3:19am
Quoting cloggie
And again you are 30 pips in the red, how feckin cr@p can you really be.



Am outta here, got some real money to make.
no im out waiting how jerky can you be just leave me alone im doing great besides what do you care anyways im not telling anybody to do anything iether so dont use that lame excuse ill short if i want to leave me be
Ambition
  • #428,324
  • Apr 26, 2011 3:19am Apr 26, 2011 3:19am
Quoting T.E.Lawrence
Be careful with buying now, we've already travelled 100 pips in a sharp ascend. And it's just the beginning of the day.
yes your right a lot of caution needs to be addressed long as it seems to be the way to make yourself richer.
rat
  • #428,325
  • Apr 26, 2011 3:21am Apr 26, 2011 3:21am
Thank-you sir, I appreciate your answer.. When you started building your position down at the 1.2002 level, what made you decide that it was appropriate to start building your longs at that point? Was it the violation of the quarterly or annual channel you mentioned?

Brendan
  • #428,326
  • Apr 26, 2011 3:21am Apr 26, 2011 3:21am
Quoting talentfx
no im out waiting how jerky can you be just leave me alone im doing great
Talentless... Thought I'd help you out a little... here ya go.

http://www.engl.niu.edu/wac/punctrls.html
What we obtain too cheap, we esteem too lightly.
  • #428,327
  • Apr 26, 2011 3:23am Apr 26, 2011 3:23am
Quoting cloggie
And again you are 30 pips in the red, how feckin cr@p can you really be, !d!ot.



Am outta here, got some real money to make.
yeah have fun flippin those burgers see ya wish i could say youll be missed lol
Ambition
  • #428,328
  • Apr 26, 2011 3:24am Apr 26, 2011 3:24am
Quoting Capn79
Talentless... Thought I'd help you out a little... here ya go.

http://www.engl.niu.edu/wac/punctrls.html
O k.
Ambition
  • #428,329
  • Apr 26, 2011 3:25am Apr 26, 2011 3:25am
Quoting talentfx
yeah have fun flippin those burgers see ya wish i could say youll be missed lol

P!ss off, @rsewipe.
  • #428,330
  • Apr 26, 2011 3:28am Apr 26, 2011 3:28am
Quoting cloggie
P!ss off, @rsewipe.
Really how old are you just stop I have my own system on an interactive forum trading eurusd get over it. oh and btw im green pips you should like that tata.
Ambition
  • #428,331
  • Apr 26, 2011 3:30am Apr 26, 2011 3:30am
Quoting cloggie
P!ss off, @rsewipe.
Hello pro,

why you so mad about that kido ? you should thank god for that kind of people that they are giving us their money for free.

You are very good trader why you should need to complain with noob like him just ignore him, I personally using him as a counterindicator it gives me a lot of money

have a nice day mr.clog

John
  • #428,332
  • Apr 26, 2011 3:30am Apr 26, 2011 3:30am
Morning all

I'm surprised at how many supposedly intelligent people don't now how to use the ignore option.
  • #428,333
  • Apr 26, 2011 3:31am Apr 26, 2011 3:31am
Quoting Bren0001
Thank-you sir, I appreciate your answer.. When you started building your position down at the 1.2002 level, what made you decide that it was appropriate to start building your longs at that point? Was it the violation of the quarterly or annual channel you mentioned?

Brendan
Actually I build Longs in one account and shorts in another... I am basically just continuously channel trading locking in TP1's and 2's until I I get a break out into the next Identifiable channel...

In my short account on the EU Ive been closing out positions that I had built from 1.5999 down( most of those had been locked in around 3072 and 3728 when I closed them but I still am holding some shorts from above where we are now...

I try not to decide what the markets will do, that is next to impossible... i just identify channels and trade the oscillation until it breaks out.... wash, rinse repeat
  • #428,334
  • Apr 26, 2011 3:31am Apr 26, 2011 3:31am
Quoting cloggie
P!ss off, @rsewipe.

Sir Cloggie

It is official!

You have downgraded this thread to what it is today,

Your attitude towards life itself is degrading to say the least.

You are one bad specimen of the human race.......
  • #428,335
  • Apr 26, 2011 3:32am Apr 26, 2011 3:32am
Quoting cloggie
P!ss off, @rsewipe.
here clog im long happy now stfu my method makes pips in any trend both directions so whats the problem.it wont last long tho as i go with the flow thats it its simple really. ill probly short again is that ok with you geez what a scuz
Attached Image (click to enlarge)
Click to Enlarge Name: long.gif Size: 21 KB
Ambition
  • #428,336
  • Apr 26, 2011 3:34am Apr 26, 2011 3:34am
Quoting RandomGamble
Sir Cloggie

It is official!

You have downgraded this thread to what it is today,

Your attitude towards life itself is degrading to say the least.

You are one bad specimen of the human race.......
  • #428,337
  • Apr 26, 2011 3:35am Apr 26, 2011 3:35am
YA but he's one hell off a trader
  • #428,338
  • Apr 26, 2011 3:35am Apr 26, 2011 3:35am
Quoting RandomGamble
Sir Cloggie

It is official!

You have downgraded this thread to what it is today,

Your attitude towards life itself is degrading to say the least.

You are one bad specimen of the human race.......
Wow... your post just "upgraded" this entire thread. Thanks for that. Is this your first Rodeo?


Watching h1 & M30 to see if we can break the H4 level at 4615. Consolidating right now...ADR is already 124pips, so I'll wait for confirmation.
What we obtain too cheap, we esteem too lightly.
  • #428,339
  • Apr 26, 2011 3:36am Apr 26, 2011 3:36am
So the rest of the !d!ots here are coming out of the woodwork too now.

Game of whack-a-mole anyone?
  • #428,340
  • Apr 26, 2011 3:37am Apr 26, 2011 3:37am
Quoting Capn79
Wow... your post just "upgraded" this entire thread. Thanks for that. Is this your first Rodeo?


Watching h1 & M30 to see if we can break the H4 level at 4615. Consolidating right now...ADR is already 124pips, so I'll wait for confirmation.

Random is one of the !d!ots that can't trade either that I have called out publicly here plenty of times, ever since then he stalks me wherever I go, that's how the kid gets his kicks now. Pepper is another failure that keeps doing the rounds here.
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