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Trading Major Lines

  • #1,201
  • Jun 5, 2011 5:09am Jun 5, 2011 5:09am
Quoting jasonc1213
You've hit the nail right on the head. If you do

As of today:
short USD/JPY: +208 pips
long EUR/USD: +295 pips
short USD/CAD: +56 pips

My vow to you, myself, and Charlie Sheen:

Happy pips to each of you!

Nice real life story. It is a lesson for everyone. Thank you.
-happyTrading, maaj-
  • #1,202
  • Jun 7, 2011 12:09am Jun 7, 2011 12:09am
hi all,

weekly very bullish,passed through 4500,long entry on 5M...maybe this time 1.5000?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4H.png Size: 23 KB
Click to Enlarge Name: 5M.png Size: 23 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,203
  • Jun 7, 2011 12:31am Jun 7, 2011 12:31am
Quoting zusch
This is probably the first big step you've made to reaching a 1000 pip winner. I would certainly hope you are squirming in your chair today! lol. No offense of course.

I also wanted to share a trade I missed today. I love traveling Europe and experiencing a different culture but sometimes when I see perfect setups like this after the fact I wish I was at home! Oh well the market will always be there for me and I'm not going to be in Europe again anytime soon.

Have a good weekend all!
...damnit...if i didnt closed it i would have had 230 pips now...
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,204
  • Jun 7, 2011 1:10am Jun 7, 2011 1:10am
set @be+1,now better go to sleep
Attached Image (click to enlarge)
Click to Enlarge Name: be.png Size: 11 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,205
  • Jun 7, 2011 3:35am Jun 7, 2011 3:35am
Hi everyone..Finally I'm back after a long trip abroad..Its nice to be back
in my european timezone.
I'm just pulling up my charts now and probably will catch up with you guys later on with some thoughts..
  • #1,206
  • Jun 7, 2011 6:06am Jun 7, 2011 6:06am
As I was going through the charts I just came across a setup on audusd..
charts attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-06-07_1341.png Size: 65 KB
Click to Enlarge Name: 2011-06-07_1355.png Size: 51 KB
Click to Enlarge Name: 2011-06-07_1357.png Size: 52 KB
Click to Enlarge Name: 2011-06-07_1400.png Size: 64 KB
  • #1,207
  • Jun 7, 2011 6:27am Jun 7, 2011 6:27am
Quoting nomask
As I was going through the charts I just came across a setup on audusd..
charts attached.

Hello Nomask,

Welcome back. It is nice to see your analysis again.

This is an update from my-side:

USD/CHF : +370 pips and still running
EUR/USD : +200 pips and another leg +35pips

I was away from computers for almost 2weeks, therefore I did not have opportunity to add more legs.
-happyTrading, maaj-
  • #1,208
  • Jun 7, 2011 6:49am Jun 7, 2011 6:49am
Quoting maaj
Hello Nomask,

Welcome back. It is nice to see your analysis again.

This is an update from my-side:

USD/CHF : +370 pips and still running
EUR/USD : +200 pips and another leg +35pips

I was away from computers for almost 2weeks, therefore I did not have opportunity to add more legs.
congratz maaj..usdchf has a great potential to move further down...
  • #1,209
  • Jun 7, 2011 7:43am Jun 7, 2011 7:43am
Hi Nomask:

This is my first post. Have been around forex forums for a couple of years trying many diff systems...the usual story. I am close to retirement without sufficient funds so you can see how important it is for me to make this work.

I am very thankful to you for your kind and generous sharing here. I took a EU trade yesterday following your system with 11 pips stop loss. Checked this morning I am up 82pips. I can't believe how easy and simple it was and without any worries.

A big thank you from the bottom of my heart.

Love and a big hug, Linda
  • #1,210
  • Jun 7, 2011 9:35am Jun 7, 2011 9:35am
Quoting Linda345
Hi Nomask:

This is my first post. Have been around forex forums for a couple of years trying many diff systems...the usual story. I am close to retirement without sufficient funds so you can see how important it is for me to make this work.

I am very thankful to you for your kind and generous sharing here. I took a EU trade yesterday following your system with 11 pips stop loss. Checked this morning I am up 82pips. I can't believe how easy and simple it was and without any worries.

A big thank you from the bottom of my heart.

Love and a big...
Thank you Linda..its been my pleasure to share.
remember that no rush for anything.once you made your first 1000 pips you'd feel a lot more confident with your next trades.
in the last 6 months i've captured two 1000 pip-ride on eu..that equals to 2000 pips with no stacking..But it gets easier to stack once your position starts growing into your direction.If it was not my bad that 2000 pips would easily be over 4000 pips for 6 months..
amazing to see a little tiny 5 min entry turns into a 1000 pip position..Its rare but totally worth digging for it.
  • #1,211
  • Jun 7, 2011 12:56pm Jun 7, 2011 12:56pm
Quoting nomask
congratz maaj..usdchf has a great potential to move further down...
Thank you Nomask.

Update: I have moved all my trades to BE. Now it is a free-run, even if all my trades turn to opposite side, I will not lose a single penny.
-happyTrading, maaj-
  • #1,212
  • Jun 7, 2011 6:40pm Jun 7, 2011 6:40pm
Hi All

I know this is not an thread with lots of indi's but I was having problems drawing my fibs for weekly / 4hr nicely onto my 5m chart

hence this indicator

you can specify the period you want the fibs for (4hr, daily, weekly etc.)
and you place it on the chart that you use to enter, eg. 5m

it will always use the last closed bar of the period specified.

one parameter i am not sure about the default for is the xb_Move.HiLo - this moves the Hi/Lo of the fib based on PA that occurred after the fib candle closed.

Reason I am confused is that Nomask posted twice regarding this with different answers (post 216 - move the fibo, post 220 - do not move the fibo) - so I am not sure what is the correct setting

Nomask - if you are reading this please could you advise.

You can add the indicator multiple times without problem (it uses the fibo period in the fibo name) - but best to use different colors.

It always goes top to bottom as it only plots the major levels of 38.2, 50 & 61.8

On a new bar of the fibo period it will automatically create a new one.

Regards
John
Attached File(s)
File Type: mq4 !Last Bar Fibo.mq4   4 KB | 444 downloads
  • #1,213
  • Jun 8, 2011 9:45am Jun 8, 2011 9:45am
Quoting nomask
Thank you Linda..its been my pleasure to share.
remember that no rush for anything.once you made your first 1000 pips you'd feel a lot more confident with your next trades.
in the last 6 months i've captured two 1000 pip-ride on eu..that equals to 2000 pips with no stacking..But it gets easier to stack once your position starts growing into your direction.If it was not my bad that 2000 pips would easily be over 4000 pips for 6 months..
amazing to see a little tiny 5 min entry turns into a 1000 pip position..Its rare but totally worth digging for...
Thank you Nomask - it will be mini lots for a few months until I build up some confidence - looking forward to my first 1000 pips.
  • #1,214
  • Jun 8, 2011 9:55am Jun 8, 2011 9:55am
Quoting sam69
set @be+1,now better go to sleep
...sl hit...90 pips up and down...
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,215
  • Jun 9, 2011 4:10am Jun 9, 2011 4:10am
Quoting maaj
Thank you Nomask.

Update: I have moved all my trades to BE. Now it is a free-run, even if all my trades turn to opposite side, I will not lose a single penny.
Great.
this is all I can do for an entry..your mission complited with them until they grow something big.
rest is up to the market..
  • #1,216
  • Jun 9, 2011 4:19am Jun 9, 2011 4:19am
Quoting jmw1970
Hi All

I know this is not an thread with lots of indi's but I was having problems drawing my fibs for weekly / 4hr nicely onto my 5m chart

hence this indicator

you can specify the period you want the fibs for (4hr, daily, weekly etc.)
and you place it on the chart that you use to enter, eg. 5m

it will always use the last closed bar of the period specified.

one parameter i am not sure about the default for is the xb_Move.HiLo - this moves the Hi/Lo of the fib based on PA that occurred after the fib candle closed.

Reason I am confused is that...
hi jason..
in the post 220 i was answering to a question whether the fib should be "completely" moved on the present week as it broke the last week's high..
but in the post 216 i moved "only low" of the fib to the new low that was established in the present week..
they were different cases.
hope this helps.
  • #1,217
  • Jun 9, 2011 4:29am Jun 9, 2011 4:29am
here is my latest trade on gj which i took 20 mins ago..not the best setup but still okay..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2011-06-09_1224.png Size: 46 KB
Click to Enlarge Name: 2011-06-09_1226.png Size: 58 KB
  • #1,218
  • Jun 9, 2011 3:30pm Jun 9, 2011 3:30pm
Just wanted to say hi to all. I haven't been in the forums for awhile. Last thread I followed was when Bobokus was still active on his price action thread. I'm glad to see the army of price action believers are growing everyday ! Did anyone catch that big drop to 1.4500 on EURUSD? I had anticipated it due to the H and S formation on the 4HR chart . I got in late on it around 1.45400. But heck, if anyone ever figures out how to time the market precisely let me know and I"ll be the first to open a bottle of Dom Pergnon! Mr. Nomask, I would like to thank you and your loyal followers for keeping price action alive and well. A wise forexer once told me : " The Good news is every strategy in forex works ... Bad news is every strategy doesn't work all the time. " Even Price Action can be perplexing, but it has been by far the most consistent way I have been able to make money in forex.
  • #1,219
  • Jun 10, 2011 10:14am Jun 10, 2011 10:14am
Hey, mates. It is now "red aura" on EU happening at the moment i.e. when both weekly (bearish) and monthly (price below month open) are aligned (as per Pipeasy), so it's time for aggressive stacking.. however, it's already Friday evening and not the perfect time to do so.

If you remember some time ago I noted we had controversial hindsights = Monthly hindsight down (prev. month closed bearish) and weekly hindsight up (week closed bullish). So this time monthly hindsight prevailed over the weekly so we got this bearish week. Sure, it's easy to say after the fact, but as Pipeasy taught, always open your mind for both directions - up and down, never stick like a gut, only to one direction as market is unpredictable in the essence.

Hope you all had a good week. As to myself, I had quite a lot of unrealized profit, all of which was closed at BE this week. I managed to have a remarkable position which I enterred on the retracement right after the NFP news, so it went over +200 pips before closed on BE later. But the world doesn't end on this week, so life is going on
  • #1,220
  • Jun 10, 2011 1:42pm Jun 10, 2011 1:42pm
Thanks god the week is over. I got nailed heavily.

I'll try to stay more focused and recap this thread. Wish one day can trade as easy as Nomask does.

Have a great weekend everyone.
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