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Trading Major Lines

  • #1,041
  • May 16, 2011 4:32pm May 16, 2011 4:32pm
Quoting tradista
I thought that last doji candle on H4 would probably say that 1.4 level wasn't attained but still close enough to consider a possible change in direction. So are you saying that, in this case, crossing 1.4 is absolutely necessary as per the rules ?

Thanks.
I'm honestly not sure...but that is a good question though and one I'd like to know the answer to. However I am sure that using Nomask's method we have no reason to be taking longs on E/U at this time.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,042
  • May 16, 2011 4:50pm May 16, 2011 4:50pm
Quoting zusch
However I am sure that using Nomask's method we have no reason to be taking longs on E/U at this time.
Got it!... it's got to be a hard task to stay away from the trigger and to wait for another weekly candle to form for confirmation.. still, a very good exercise on patience.
  • #1,043
  • May 16, 2011 10:21pm May 16, 2011 10:21pm
Guys, this will be my only comment on this regards, but if you pay attention the last 5 pages (8% of the thread) is about arguing non topic related stuff. I've my personal view of the issue and won't point it out as is letting the snowball grow.

I'd like to ask everyone to stay out of these argues, as they are destroying this thread. Not sure what's Nomask opinion, but we have to learn from other threads experience and how they are no longer live.

I wouldn't want this happen to this thread, nor rest interest on Nomask to keep posting.... for the best interests of all.

Best regards to all
  • #1,044
  • May 16, 2011 11:01pm May 16, 2011 11:01pm
Quoting howard
This thread uses a certain method of trading and she was using another method, it would be best for every one and her to open her own thread and explain the method she utulises without causing any confusion.
Dear Howard, with all due regard to you, telling others what can be posted is the prerogative to the person who started the Thread, in this case Nomask. So if he has not said anything so far, it means he does not mind.
As I have said elsewhere, if you do not like to read what she writes, why not put her on Iggy. Then you do not get to read it.
  • #1,045
  • May 16, 2011 11:09pm May 16, 2011 11:09pm
Quoting jasonc1213
I respectfully disagree. The signal service she is providing is against, dare I say, even the title of this thread which is trading MAJOR LINES. Not "trading various signals between these lines based on factors that have nothing to do with Nomask's teachings". These comments (and mine right now, admittedly) are just serving to cloud an incredibly helpful and game changing thread. Tania has every legal right to post her signals freely, but it is disrespectful to do so in someone else's project. It is also disrespectful to the loyal followers of...
That is exactly what I mean to convey, my friend - the purpose of visiting here is to get a clue to making money. If someone is clouding the issue, put them on Iggy. I think that is a better way than to ask t hat persone to "go elsewhere". As I wrote to another, that privilege belongs to the Thread-starer Nomask and he will exercise it he thinks it is necessary. We others are "followers" - here today, gone tomorrow.

Suppose she puts you on Ig - what do you gain, she can keep posting and you may comment into void because she is not reading it ! The Mods are also silent so what are we fighting about ?

Your trades died on BE, won't you like to find out something that makes them profitable. I am not her follower but think my attitude is better since it "live and let live" one.

Wish you pips to make up for lost effort !
  • #1,046
  • May 16, 2011 11:13pm May 16, 2011 11:13pm
Quoting maaj
Hello Vilas,

No hard feeling man..don't take my comments wrong way. You are right..Nomask has all the rights to say Yes or No.
No - I do not take your comment negatively. I feel a kinship with all ME -residers - been there a couple of times : the air smells of money there. Does it not ? But let us concentrate on getting all help we can to make money.

Wish you Pips !
  • #1,047
  • May 16, 2011 11:20pm May 16, 2011 11:20pm
Quoting jasonc1213
It is standing up to this challenge that will either make or lose money. When following Nomask's method perfectly, I was up over 50% in live trading capital. My ego got the better of me and I started taking insane entries the past 2 weeks and now I've got less than what I've started with. It is very important to stay patient. Yes, a weak signal might be the start of some huge trend for thousands of pips, but how many pips (or dollars) will you spend trying to catch these?

I think Nomask said this already. We are making a purchase so we should...
Hi Jasonc - glad to read you were up 50% at one stage.

More pips to you.
  • #1,048
  • May 16, 2011 11:36pm May 16, 2011 11:36pm
Watching the EURCHF pullback from 1.25.
  • #1,049
  • May 17, 2011 12:56am May 17, 2011 12:56am
Hello Tania

thank you for your involvment. Could you please show an example how you analyze the market by drawing daily fibo and how you consider entry points?

thank you

Quoting Tania
As you sent so many message and asked about my opinion about market tell you this ,Draw Daily fibo then you have better picture of market and for entry consider M15 and M5
  • #1,050
  • May 17, 2011 2:18am May 17, 2011 2:18am
Tried to catch a breakout on USDJPY. Unfortunately I didn't see any good P.A. on 5 min chart even though it stopped at 50% replacement. I'm now looking at 15 min chart and it seems there was a decent 3 bar reversal...too bad. This pair is the best looking pair to me this week. Hopefully I can get an entry this week.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpy 5m.jpg Size: 102 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,051
  • May 17, 2011 2:50am May 17, 2011 2:50am
Quoting zusch
Tried to catch a breakout on USDJPY
I've been watching it also. I did place a pending order on the breakout of the retracement from 80.00 which that just entered the market and I am at BE now. Correct me if I'm wrong but I do think there was a good 1-2-3 pattern visible on H4. I figured that if the douple top is broken by PA then we have a go!
Attached Image (click to enlarge)
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  • #1,052
  • May 17, 2011 9:18am May 17, 2011 9:18am
Just taken out at BE... Still a successful trade I guess...
  • #1,053
  • May 17, 2011 7:30pm May 17, 2011 7:30pm
Quoting tradista
Hi Nomask

Just to thank you for sharing your ideas, thoughts and, most of all, your time with the FF community.

I'm new to trading, been demoing for a few months, lost a few bucks of my own also, read and still reading a lot, tried many systems, etc, ultimately, done the same as many others and took a similar road.

Now that I've stumbled with your approach, it immediately made sense to me. So I hope I will be able to learn a lot from you and the others in this thread and try to bring my own two cents in the process, helping others succeed.

Many...
welcome tradista..
Imho demoing is the most important period..Because it gives you so many important information that you'd need to shape your trading method like money management,risk/reward ratio,etc as well as the idea if you'd be a succesful trader..
I say 3-6 months of succesful demo very necessary and after that,at least 6 months of succesful trading of a small account.and finally you're good to trade in a more professional way..
  • #1,054
  • May 17, 2011 7:46pm May 17, 2011 7:46pm
As a general statement to the discussion that happened while I was away,I appreciate the people who try to contribute as well as the people who want to be focused more on the principals..
I find impossible to implement one's method hundred percent exactly thats why some followers like to combine with their aproach which is totally cool..
Anyway.
All I can say is that anything here i present including this whole thread don't belong to me.I didn't create anything maybe at most I put some simple stuff together in a different way of trading..
Hope everybody enjoys this thread and becomes a succesful trader
  • #1,055
  • May 17, 2011 7:48pm May 17, 2011 7:48pm
Quoting born4forex
Hi nomask
May I ask you a question about E/U?
What did you do this week? closed your position from 1.35xx or took an opposite position?
P/S: market's move seem good today, but I cannot take anyone (except NZD/USD since yesterday), how about you guys?
and I agree with zusch, I am more happy if we discuss about nomask's method than others.
I closed my position with over 1000 pips profit and now I have short at nzdusd from last week with about 100 pips unrealized profit..
  • #1,056
  • May 17, 2011 7:50pm May 17, 2011 7:50pm
Quoting nitrate73
Hey Nomask, excellent thread here. Thanks for the great effort , am gonna attempt to trade with this method. Your charts are very well documented and i'm looking forward to more of your teachings, esp with eur/usd ...
thanks nitrate..will be posting more soon (I hope)
  • #1,057
  • May 17, 2011 7:53pm May 17, 2011 7:53pm
Quoting jasonc1213
It is standing up to this challenge that will either make or lose money. When following Nomask's method perfectly, I was up over 50% in live trading capital. My ego got the better of me and I started taking insane entries the past 2 weeks and now I've got less than what I've started with. It is very important to stay patient. Yes, a weak signal might be the start of some huge trend for thousands of pips, but how many pips (or dollars) will you spend trying to catch these?

I think Nomask said this already. We are making a purchase so we should...
Thats a very important post..I have to re-read it from time to time..
  • #1,058
  • May 17, 2011 7:55pm May 17, 2011 7:55pm
Quoting tradista
Man, does patience pay or what ... currently 40 pips on EU and going (hopefully)!
good for your entry tradista.
Honestly there is no difference between a break even trade and a +100 pips open position..they both mean free ride to me..
  • #1,059
  • May 17, 2011 7:59pm May 17, 2011 7:59pm
Quoting Tania
As you sent so many message and asked about my opinion about market tell you this ,Draw Daily fibo then you have better picture of market and for entry consider M15 and M5
Hello Tania..
I used to use different set of timeframes in the past..daily fib was one of them..This is all part of creating a method that fits to one's skills and needs..
So far best set I've found for myself is wk,4hr and 5 min..
  • #1,060
  • May 17, 2011 8:05pm May 17, 2011 8:05pm
This will be my last post before I come back with some charts..
I wanted to say thanks to everybody for their interest to this thread.
I don't think of myself telling people what to do..
We all trying our best to help each other.thats all what matters.
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