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The WoRmHoLe

  • #13,441
  • May 26, 2011 3:21am May 26, 2011 3:21am
Quoting dario1002
so going from particular to general... u wait for price to go up in the last corner of the second triangle and then wait for it to break the triangle on the downside.... with SL over the previous high and first TP where the 2 triangles touch?? am i missing something?

Again... won't trade it unless it met MY style of trading.. but it's always good to know new things
Here's a much better description from the original source. I'd say that Harm Trading Vol1 and Vol2 are very good books even if you don't plan to trade the patterns - some other concepts outlined there work well across all markets. Prolly the only good stuff I got uploaded in the trading section on my iPad. That plus the commodity almanac.

http://harmonictrader.com/price_patterns.htm
  • #13,442
  • May 26, 2011 3:22am May 26, 2011 3:22am
It seems like a pretty vague day - best to stick to HTF.

IMO GU trend still remains down until proven otherwise; dollar bulls are now in control - I expect a bounce of the DX @ pivot (or rejection at resistance by GBP) - USD news should confirm and reinforce the trend.

Lets see what happens!
Money is the result derived from the execution of a skillset
  • #13,443
  • May 26, 2011 3:24am May 26, 2011 3:24am
Quoting ruffryders
Here's a much better description from the original source. I'd say that Harm Trading Vol1 and Vol2 are very good books even if you don't plan to trade the patterns - some other concepts outlined there work well across all markets. Prolly the only good stuff I got uploaded in the trading section on my iPad. That plus the commodity almanac.

http://harmonictrader.com/price_patterns.htm
1935? seriously? hmmm....
I don't want a job, i want money!
  • #13,444
  • May 26, 2011 3:27am May 26, 2011 3:27am
today the GU does look like a short in fact that's what Im doing @ 6257.
  • #13,445
  • May 26, 2011 3:41am May 26, 2011 3:41am
here is something that i like ... still won't like it very much till we don't clear 6270
Attached Image (click to enlarge)
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I don't want a job, i want money!
  • #13,446
  • Edited 4:04am May 26, 2011 3:45am | Edited 4:04am
[quote=Mattz;4644379]
Quoting ruffryders
Mattz if I was you I wont be so confident about it.
/quote]

Thx for the tips!
As Azim said I ll go my way but I notice what you said.

We are aside R so the hit wont be that hard if.
Down RR is good vs my risk so let's see!
Haven't been taken out, let's see from here!
Still need to clean last 4h previous low.

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Pesavento ain't bad either about harmonic,Carney book is a little more clear from me.
Both good ref: Larry Pesavento Fibonacci Ratios with Pattern Recognition
http://www.e-junkie.com/shop/product/47269.php
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"It's not about the pay check, it's about crushing the rebellion"
  • #13,447
  • May 26, 2011 4:05am May 26, 2011 4:05am
coffee and donut time.

http://litdra.files.wordpress.com/20...ffee-donut.jpg
  • #13,448
  • May 26, 2011 4:07am May 26, 2011 4:07am
Quoting ruffryders
coffee and donut time.

http://ru.fishki.net/picsw/052011/26...tranie-021.jpg
Bring 2 plz!
I'll pay next one.. LOL!

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For those that like funnymentals:
http://www.zerohedge.com/article/eur...europe-second-
"It's not about the pay check, it's about crushing the rebellion"
  • #13,449
  • May 26, 2011 4:09am May 26, 2011 4:09am
Quoting Mattz
Bring 2 plz!
I'll pay next one.. LOL!

--------------

For those that like funnymentals:
http://www.zerohedge.com/article/eur...europe-second-
I figure my broker should pay for those donuts. No, I mean it, seriously.
  • #13,450
  • May 26, 2011 4:13am May 26, 2011 4:13am
Quoting ruffryders
I figure my broker should pay for those donuts. No, I mean it, seriously.
Your are looking at your volume fee?!?
Muahhaahahha!

Dukas is good but same opininon here.
Looking at fee at the end of the month is kinda disturbing.... LOL!

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6280 hold til now... back over 6312 will void my trade.
"It's not about the pay check, it's about crushing the rebellion"
  • #13,451
  • May 26, 2011 4:17am May 26, 2011 4:17am
Quoting Mattz
Your are looking at your volume fee?!?
Muahhaahahha!

Dukas is good but same opininon here.
Looking at fee at the end of the month is kinda disturbing.... LOL!

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6280 hold til now... back over 6312 will void my trade.
Dukas is good sure thing, however they did **** me over a few times trades that were in serious profit (30K+) managed to end up with a loss. However they did reconcile it at the end and all in all I can say they are reasonable, however I prefer IB.

And yeah volume commiss are crazy, last month I did smthg like 660 mln + and the comiss were way over the top. This month I reduced volume like almost 10 times due to trading less frequently and with less lots.
  • #13,452
  • May 26, 2011 4:20am May 26, 2011 4:20am
Quoting Mattz
-------------
6280 hold til now... back over 6312 will void my trade.
Nah I figure we will swipe with some strong move once 57 is cleared, price used to zoom in and zoom out past that level before so for me it's just a question of getting proper execution with slippage no more than 2 points.
  • #13,453
  • May 26, 2011 4:27am May 26, 2011 4:27am
Quoting ruffryders
Nah I figure we will swipe with some strong move once 57 is cleared, price used to zoom in and zoom out past that level before so for me it's just a question of getting proper execution with slippage no more than 2 points.
Honnestly that's what I expect, but GU have f*** me up lately so I keep on gard.
Those zooming as you said can be disturbing.

I'm quite high on the chart so entry is quite good.

3h to go before news, we'll see how the thing behave until that time.
Getting under 60 before the news will put confidence behind that trade.

Anyway, it's only 1 trade into so much.... it's no big deal.
Let's see!


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Never tried IB, will look over it for fun, thx.
"It's not about the pay check, it's about crushing the rebellion"
  • #13,454
  • May 26, 2011 4:34am May 26, 2011 4:34am
Quoting Mattz
Honnestly that's what I expect, but GU have f*** me up lately so I keep on gard.
Those zooming as you said can be disturbing.

I'm quite high on the chart so entry is quite good.

3h to go before news, we'll see how the thing behave until that time.
Getting under 60 before the news will put confidence behind that trade.

Anyway, it's only 1 trade into so much.... it's no big deal.
Let's see!


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Never tried IB, will look over it for fun, thx.
The only deal with IB is that they only got 1:50 on FX, but their execution and liquidity is better and the platform is more flexible. Also they got futures and options platform, so it's kinda handy.

Zooming on cable is actually a cool feat since once you figure out best entry points (construct a channel and devide black or white candle in half and project the future entry point that way) it allows you to make a killing very fast, though the only problem is getting good execution with little or no slippage, that's where I get problems with Dukas, since often times my order just doesn't get executing and with zooming you can almost never enter at good price manually.
  • #13,455
  • May 26, 2011 4:47am May 26, 2011 4:47am
Quoting dario1002
here is something that i like ... still won't like it very much till we don't clear 6270
Same with Kiwi
Trade with the momentum
  • #13,456
  • May 26, 2011 4:59am May 26, 2011 4:59am
Quoting ruffryders
The only deal with IB is that they only got 1:50 .
This is quite low leverage, I'm not trading on 6digit account..... LOL!
I only heard good comments about IB, and sure option looks good.

Ever try to cover a trade whit an option, or binary one?
I'm looking at this strategy for a week long, kinda like.
I'm studying the concept in free time.

------------

Ever heard about momentum candle?
I bet you had.

When the body candle of current is twice the previous, this is called a momentum bar,
you watch the half of it, and most of the time area get wicked 2 times.
Very good entry, specialy on 4h.

Anyway... everyone have their tricks!

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Gu piss me off.... slow ass moving thing.
"It's not about the pay check, it's about crushing the rebellion"
  • #13,457
  • May 26, 2011 5:13am May 26, 2011 5:13am
Well in terms of options levels on GU currently more put options are activated if compared to calls, so overall put options should be dragging the GU lower, however if 6400 calls get activated we can expect to rise to 6500 before june options expiry on 5th of June. I'd expect very strong move on Monday the 6th or Friday before options expiration date.

The deal is that upside break above call level @ 6300 (GU extended to 6340 almost) is not a good indicator and means we can take a chance on 6400 now.

6300 put-call ratio is 1 to 3

http://img26.imageshack.us/img26/8084/guoptions.png
  • #13,458
  • May 26, 2011 5:22am May 26, 2011 5:22am
ugly range we are into? maybe golden range for scalpers...
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I don't want a job, i want money!
  • #13,459
  • May 26, 2011 5:26am May 26, 2011 5:26am
Quoting ruffryders
Well in terms of options levels on GU currently more put options are activated if compared to calls, so overall put options should be dragging the GU lower,
Very interresting, I need to learn more about all that.
Took a course about option but never got really into it.

Well, thx for info.
"It's not about the pay check, it's about crushing the rebellion"
  • #13,460
  • May 26, 2011 5:29am May 26, 2011 5:29am
Hello you lot

I can't trade today , dodgy internet connection where I am atm - please somebody make a few good scalps for me today ok?
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