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Pitchfork Goldmine!

  • #1,641
  • Edited 7:01pm May 13, 2011 1:03pm | Edited 7:01pm
Still working toward getting back in the trading saddle. Just shorted Gbp-Chf 1.44464...will have to watch closely to see if it will get to the ML of the red fork as price has made higher highs and higher lows on this chart view. Green L-LMH could provide support. Sell was in an area of resistance though. We'll see.

FX4

P.S. Was not feeling well earlier, but still pressing. Gotta get this back right!
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Trade what you see, not what you think or feel. Let the market come to you.
  • #1,642
  • Edited 7:04pm May 13, 2011 1:47pm | Edited 7:04pm
Quoting FX4Newbies
Still working toward getting back in the trading saddle. Just shorted Gbp-Chf 1.44464...will have to watch closely to see if it will get to the ML of the red fork as price has made higher highs and higher lows on this chart view. Green L-LMH could provide support. Sell was in an area of resistance though. We'll see.

FX4

P.S. Was not feeling well earlier, but still pressing. Gotta get this back right!
Gbp-Chf trade closed. Gave a total of about 15 pips. Closed when price crossed the red U-MLH with +3 pips. Of course I could have taken the +15 pips. Had something else in my mind that I was studying on the chart and price action. Doji now on M15. Just felt good to start getting back in the flow. .

FX4
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Trade what you see, not what you think or feel. Let the market come to you.
  • #1,643
  • Edited 4:30pm May 13, 2011 3:40pm | Edited 4:30pm
Here is how price continued to play out. Had I not been in a meeting, I would have been looking to go long...upward move continued. Normally do not trade this late on a Friday afternoon, but it looked like there was some momentum still happening with this pair.

Have a great weekend. Weekly chart wrap-ups should be up on the blog by Saturday night.

FX4

P.S. Notice the difference in the fork by selecting a different Pivot 1 for the green fork.
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Trade what you see, not what you think or feel. Let the market come to you.
  • #1,644
  • May 13, 2011 8:57pm May 13, 2011 8:57pm
These are my own Trades and Thoughts

DO NOT TRY TO REPILCATE MY METHOD WITH OUT SERIOUS WORK

AND DEDICATION AND SOME LOSES
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  • #1,645
  • May 13, 2011 9:06pm May 13, 2011 9:06pm
Tuesday was a small loss day for me - Wednesday was GOOD
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  • #1,646
  • May 13, 2011 9:10pm May 13, 2011 9:10pm
Do not try to repilcate my method with out serious work

and dedication and some loses
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  • #1,647
  • Edited 9:54pm May 13, 2011 9:19pm | Edited 9:54pm
Today and this Week validates, as many others have - the

YEARS OF FAILURE - Today - 2 BEs and 2 Good Wins

DO NOT TRY TO REPILCATE MY METHOD WITH OUT SERIOUS WORK

AND DEDICATION AND SOME LOSES

These posts are early - NOT Saturday - because Tommorrow - the Wife and

I are going on a Poker Run and Sunday I am OFF.

GOOD LUCK D.

60 Minute shows - Correction "to the pip" an AB = CD

377 shows that I need 2 reasons to enter - FORK IS WORKING - AND SR LINES, Blue Lines

Look at the SP - Black Line - Fantastic - This is text book Tim - Notice my good wins were not the

first available entry - my BEs were - premature

There are some going to say - " It went down further from your exit from on the fork" - My reply -

IS NOW - is just like Tim's - sooo or I do not care - I got mine.

Bryan
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  • #1,648
  • May 13, 2011 10:26pm May 13, 2011 10:26pm
I just saw some Bozo suggest that I trade the AUD-CAD

Ok - some like Blondes, and some like Brunettes and some like

Redheads - and some like Black Haired - yes I am old school 59 years

young - get over it or - Stick it -

The point is - I have done my research and - I look at My Major 3

EUR - EURJPY - CHF

ADDITIONALLY - To add to the Group - GBPJPY - JPY, in that order.

This was a great surprise - to me

Recently - I heard from a "Known Name" - to trade Cable is to Trade with

the Devil. I have not Traded the Pound for 2 years - NO REGRETS.
  • #1,649
  • Edited 3:04am May 14, 2011 2:26am | Edited 3:04am
Quoting Wave Trader
Today and this Week validates, as many others have -...
Hey B,

Yes...the YEARS OF FAILURE do pay off...was it 3 years you mentioned before...and don't forget the $30K. When you get "picture perfect" setups and entries, it does take work...and constant work and focus..screen time. Great week of trading for you.

RE: Textbook Tim trade...maybe he was in it with you .

Glad you and your wife are heading out for some R&R. Enjoy.

DO NOT TRY TO REPILCATE MY METHOD WITH OUT SERIOUS WORK

AND DEDICATION AND SOME LOSSES...Amen to that!!!

If you got paid you got paid. No argument there. There are those who do not use take profit orders, and that is fine. To them, a take profit area should never become a stop profit area. Let the profits run...and run...and run. That's fine too. Good for you.

Thanks for posting before heading out. Appreciate your stopping by as always.

Have a good one,

D
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,650
  • Edited 7:24am May 14, 2011 2:33am | Edited 7:24am
Quoting Wave Trader
I just saw some Bozo suggest that I trade the AUD-CAD

Ok - some like Blondes, and some like Brunettes and some like

Redheads - and some like Black Haired - yes I am old school 59 years

young - get over it or - Stick it -

The point is - I have done my research and - I look at My Major 3

EUR - EURJPY - CHF

ADDITIONALLY - To add to the Group - GBPJPY - JPY, in that order.

This was a great surprise - to me

Recently - I heard from a "Known Name" - to trade Cable is to Trade with

the Devil. I have not Traded the Pound for 2 years...
It's good that you can decipher for yourself what's what and what works for you. Think of all those out there who don't know. I had a situation where I sent a signal, and the price came to within about two pips of the entry, then went in the direction of the signal...the recipient did not know what to do as price did not get to the exact entry price in the email. That means they couldn't look at a chart and see the trade coming....but they are trading. So much to learn...so much more to learn and so much that needs to be known. At least we are trying.

Cable can be challenging but like everything, if you can find the setup and entry you can ride it to your take profit (or...not stop profit...or whatever) LOL.

By the way, your 377 tick charts shows great frequency.

Take care,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,651
  • May 14, 2011 9:07am May 14, 2011 9:07am
Thanks FX4 - May the Forks be with you

Market Structure

I use the 240 & 60 to give me Wave Structure

Context

I use the Weekly and Daily to Tell me the Trend or Counter-Trend
And daily can give me a direction for the day - SOMETIMES

Frequency

I use the Forks on 240 - For Long Term Trades

I use the forks on 60 & 20 - when I am looking at Short Term Waves

I use my 377 Tick chart for Day Trades

Off to go 4 wheeling in the Desert - Yee Ha !!!

Bryan
  • #1,652
  • May 14, 2011 9:15am May 14, 2011 9:15am
Quoting Wave Trader
Thanks FX4 - May the Forks be with you

Market Structure

I use the 240 & 60 to give me Wave Structure

Context

I use the Weekly and Daily to Tell me the Trend or Counter-Trend
And daily can give me a direction for the day - SOMETIMES

Frequency

I use the Forks on 240 - For Long Term Trades

I use the forks on 60 & 20 - when I am looking at Short Term Waves

I use my 377 Tick chart for Day Trades

Off to go 4 wheeling in the Desert - Yee Ha !!!

Bryan
Seems like you have been looking forward to your Yee Ha day today.

Thanks for outlining Tim's/your time-frame approach. Your wave within a wave...short term waves in the longer term wave...Fractals. Yes and yes!!!

Have fun and be safe.

D
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,653
  • May 14, 2011 7:45pm May 14, 2011 7:45pm
Hey Great Day - Wife won 3 rd

OK - Tim says

MARKET STRUCTURE

CONTEXT

FREQUENCY

All the other was my input and should be taken as my Info, ONLY.

Thought of the Year or the Decade or the Millennium

AVOID ALL CONFUSION - When I am confused I stop and take a break.

This is My Thought and I recently learned it is from

Steve W from No Brainer Trades - I did not Know this but I experienced

on Tuesday. There is no new things under the sun.

Bryan
  • #1,654
  • Edited 9:38pm May 14, 2011 8:08pm | Edited 9:38pm
Quoting Wave Trader
Hey Great Day - Wife won 3 rd

OK - Tim says

MARKET STRUCTURE

CONTEXT

FREQUENCY

All the other was my input and should be taken as my Info, ONLY.

Thought of the Year or the Decade or the Millennium

AVOID ALL CONFUSION - When I am confused I stop and take a break.

This is My Thought and I recently learned it is from

Steve W from No Brainer Trades - I did not Know this but I experienced

on Tuesday. There is no new things under the sun.

Bryan
for the wife.

Yes those are Tim's watch words. I think he still uses H4 and M20. Thanks for clarifying.

AVOID ALL CONFUSION....will keep that in mind.

Will also check out No Brainer Trades.

Like your avatar. Very clear visual once applied to the context of trading. Trading with the wave! Balance and skill needed for sure.

Take care,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,655
  • May 14, 2011 9:24pm May 14, 2011 9:24pm
Weekly wrap-ups of the 10 pairs I follow on the blog are now posted.

Enjoy,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,656
  • May 15, 2011 7:16am May 15, 2011 7:16am
HI Fx4,sorry i have not posted for a little time,i have been busy opening my first office,after doing a few interviews i have some staff,so off we go

i hope you all caught the gartley in the eur/usd last week

happy days

Pike
  • #1,657
  • May 15, 2011 7:52am May 15, 2011 7:52am
Quoting pikeliver
HI Fx4,sorry i have not posted for a little time,i have been busy opening my first office,after doing a few interviews i have some staff,so off we go

i hope you all caught the gartley in the eur/usd last week

happy days

Pike
Hi Pike,

Glad you are okay. Was a little worried there for a minute. Congrats on the new office. Is this related to the delivery business or trading...if I may ask?

Glad you are still having happy days.

All the best,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,658
  • May 15, 2011 8:13am May 15, 2011 8:13am
i have made the leap,trade or die

happy days

Pike
  • #1,659
  • Edited 4:19pm May 15, 2011 8:41am | Edited 4:19pm
Quoting pikeliver
i have made the leap,trade or die

happy days

Pike
Congrats and welcome!!! Happy days for sure ...even when some may not be as happy as we would like.

Any growth phase can be full of surprises, but it just lets us know where to iron out the kinks before the launch to another dimension. How many times has NASA delayed a launch because something else needed fixing?

So, my encouragement to you is to get a good iron and keep going . You'll find a good one in YOUR "Determined To Succeed" Closet, inside the "Never Give Up" box, next to the "Emotional Strength with Endurance" spray starch. No time to look back now.

Hope this video will give you some added "beef" for the journey:

Inserted Video


All the best ,

FX4

P.S. About your signature...don't trade what you see, go and have a beer first. I have heard that alcohol suppresses the mind so there is less thinking going on. Some big traders do this (drink heavily to "numb" the mind I guess) to be relaxed to handle the business of a large negative position and the stress of trading overall. Heard something similar about pilots as well...all because of the high stress. Not my cup of tea...music, prayer, relaxation techniques, natural herbs etc. work great as well. The end result is that alcohol (in excess) can take its toll. But...to each his/her own.
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,660
  • May 15, 2011 9:08am May 15, 2011 9:08am
Quoting Wave Trader
Thanks FX4 - May the Forks be with you

Bryan
And may I be with the forks.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
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