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  • #530,461
  • Aug 24, 2011 3:00pm Aug 24, 2011 3:00pm
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu30min.gif Size: 33 KB
  • #530,462
  • Aug 24, 2011 3:11pm Aug 24, 2011 3:11pm
this thread can be better if...

1. more charts guys...a clean one with simple reasonings for your trades.
AlbertR..I see that you make very good calls that I really like but show them on a clean chart that everyone can understand.
2. stop the showboating..nobody cares how many pips you make or how many % you make. Keep it to yourself.
3. cut the craps...if voodoo Astrolgy is being used in trading..you are either nuts or stupid. Dont humiliate your self here..keep it to your self because you know ppl will treat you like a low life here.
4. more clean charts
  • #530,463
  • Aug 24, 2011 3:19pm Aug 24, 2011 3:19pm
Quoting Myrza
this thread can be better if...

1. more charts guys...a clean one with simple reasonings for your trades.
AlbertR..I see that you make very good calls that I really like but show them on a clean chart that everyone can understand.
2. stop the showboating..nobody cares how many pips you make or how many % you make. Keep it to yourself.
3. cut the craps...if voodoo Astrolgy is being used in trading..you are either nuts or stupid. Dont humiliate your self here..keep it to your self because you know ppl will treat you like a low life here.
4....
  • #530,464
  • Aug 24, 2011 3:21pm Aug 24, 2011 3:21pm
Quoting Myrza
this thread can be better if...

1. more charts guys...a clean one with simple reasonings for your trades.
AlbertR..I see that you make very good calls that I really like but show them on a clean chart that everyone can understand.
2. stop the showboating..nobody cares how many pips you make or how many % you make. Keep it to yourself.
3. cut the craps...if voodoo Astrolgy is being used in trading..you are either nuts or stupid. Dont humiliate your self here..keep it to your self because you know ppl will treat you like a low life here.
4....

one Man.. W.D.Gann.. google him..

Quote
William Delbert Gann (6 June, 1878 – 14 June, 1955 - also known as W. D. Gann), was a finance trader who developed the technical analysis tools known as Gann angles, Square of 9, Hexagon, Circle of 360 (these are Master charts). Gann market forecasting methods are based on geometry, astronomy and astrology, and ancient mathematics.[1][2] Opinions are sharply divided on the value and relevance of his work.[3] Gann wrote a number of books on trading.[4][5]

Quote
In 1908, Gann discovered what he called the "market time factor", which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: Gann was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.

P.S. for the rest of yours points .. i agree
  • #530,465
  • Aug 24, 2011 3:26pm Aug 24, 2011 3:26pm
Traders, Good Afternoon depending on where you are in the world - How goes it all?

A quick pop in to hail all the Pros and newbees.

Honeymoon phase of the relationship is over and I will be hitting back the charts in short order.

Magix. PTL, Gulfcoast Pips, PipChick, Phanti, Cloggie So many great traders to remember - ahh well

Does anyone have an exit price for the EURO - Im sure everyone is short for now?
  • #530,466
  • Aug 24, 2011 3:27pm Aug 24, 2011 3:27pm
Quoting Piters
one Man.. W.D.Gann.. google him..
And one should wonder why this book is 850 bux....

http://www.amazon.com/Definitive-Gui...=3T49THWHUCNX8
  • #530,467
  • Aug 24, 2011 3:29pm Aug 24, 2011 3:29pm
Piters - How could Ive forgotten your name - World Championships start on Friday and Jamaica is the favourite, Question - Do you have any suggestions for a celebratory drink for me to try when Jamaica clean up on the tracks?
  • #530,468
  • Aug 24, 2011 3:31pm Aug 24, 2011 3:31pm
Quoting attila
And one should wonder why this book is 850 bux....

http://www.amazon.com/Definitive-Gui...=3T49THWHUCNX8
yeah.. 1.7pips only.. if you trade 50lots
  • #530,469
  • Aug 24, 2011 3:32pm Aug 24, 2011 3:32pm
Quoting Piters
yeah.. 1.7pips only.. if you trade 50lots
lol. I wanted to buy it but I put it off. I did not find any good gann documentation anywhere...
  • #530,470
  • Aug 24, 2011 3:33pm Aug 24, 2011 3:33pm
Quoting Hda
Piters - How could Ive forgotten your name - World Championships start on Friday and Jamaica is the favourite, Question - Do you have any suggestions for a celebratory drink for me to try when Jamaica clean up on the tracks?
Drink a cold redstripe and have a beef patty
  • #530,471
  • Aug 24, 2011 3:34pm Aug 24, 2011 3:34pm
Quoting Hda
Piters - How could Ive forgotten your name - World Championships start on Friday and Jamaica is the favourite, Question - Do you have any suggestions for a celebratory drink for me to try when Jamaica clean up on the tracks?
Im specialist in vodka only, lemon- no ice.. [Absolut Vodka]

but i think
PTL is our cocktail master here.. next time I'll ask for some advice..

EUR targets... posted today

http://www.forexfactory.com/showthre...47#post4898447
http://www.forexfactory.com/showthre...57#post4898557
  • #530,472
  • Aug 24, 2011 3:35pm Aug 24, 2011 3:35pm
Quoting Myrza
this thread can be better if...

1. more charts guys...a clean one with simple reasonings for your trades.
AlbertR..I see that you make very good calls that I really like but show them on a clean chart that everyone can understand.
2. stop the showboating..nobody cares how many pips you make or how many % you make. Keep it to yourself.
3. cut the craps...if voodoo Astrolgy is being used in trading..you are either nuts or stupid. Dont humiliate your self here..keep it to your self because you know ppl will treat you like a low life here.
4. more...
I do not know how to post the charts on here.
I can share some of my ideas:

1. i add WMA (20) and SMA (20) to see if they make death-cross or golden-cross (since there is no clear trend these days, i do not trade with long term so i usually looked 15 mins chart and 5 mins chart, also avoid news since news will violate the chart at very short wrong).
2. i also add MACD (12, 26, 9) and if i see MACD is divergent to WMA&SMA, it might be a hint to enter small amout with reasonable stop.
3. i use fibonachi retracement for last week's high&low, also this week's high&low as the range to see some potential resistence or support.
4. this is not a good reason but i am sure everyone has this since we are human being, i count a little bit on my sentiment (not a very highly based on it but somehow, for example, EU is in a range from 4260 to 4520 since last week and 4350 to 4500 this week so far, so i do not long EU above 4450 even though the WMA&SMA provides golden-cross, instead of that, i would wait for it goes up to test former resistence also wait to see if MACD gives the divergence hint and then sell it).
5. As i mentioned my sentiment is the range play for EU so far, i will always set the stop above yesterday or last week's high. some people may have strong discipline that they do not place a stop and closed their orders manually, but i am not that strong enough so i have to set my stop all the time and even most time it hurts me just like take my stop and then back to the direction i traded, then i would take a break for at least one day.

But at the end, the most important things is do not trade very large lots, i usually use 2.5% to 5% of my accounts so i did not earn a lot but also i do not have any risks (i had expereince that lost all my money by 4 times because of enter the full account to trade).

I would definitely like to talk to people with the way how they trade to learn more from the others.
  • #530,473
  • Aug 24, 2011 3:37pm Aug 24, 2011 3:37pm
Quoting Donyouth4eva
Drink a cold redstripe and have a beef patty

Donyouth4eva: LoL I just had three pattys not too long - Thanks.
  • #530,474
  • Aug 24, 2011 3:39pm Aug 24, 2011 3:39pm
30m TP @ 4392
4hr TP @ 4273
Daily TP @4175....IMO...Good luck!

Quoting Hda
Traders, Good Afternoon depending on where you are in the world - How goes it all?

A quick pop in to hail all the Pros and newbees.

Honeymoon phase of the relationship is over and I will be hitting back the charts in short order.

Magix. PTL, Gulfcoast Pips, PipChick, Phanti, Cloggie So many great traders to remember - ahh well

Does anyone have an exit price for the EURO - Im sure everyone is short for now?
  • #530,475
  • Aug 24, 2011 3:40pm Aug 24, 2011 3:40pm
This whole week was difficult. Net 1/8th of a percent unrealized with 2.5% on stake. Earlier missed a tp by mere 4 pips on a 100 pip trade, the most important of the week. Had to close that one at 1% loss after seeing a book profit of 1 1/2 percent.
The Thief of Wall Street
  • #530,476
  • Aug 24, 2011 3:40pm Aug 24, 2011 3:40pm
Okay down to business. I rely on Ichimoku clouds for my trades. My trades are also open for 12 hours plus on average. This is why I am relying on the H4.

Looking at my chart....the analysis I use indicates that I am safe to take longs anywhere above the top of the orange cloud on the right side of the chart (bullish cloud).

The dark blue line at 1.438 is called the KijunSen and it has been there for 4 days...it explains why we had trouble crossing that line and even so...it explains why price made a belly flop towards 1.438 a few hours ago. It also explains why many guys who went short at that level got taken out immediately.

I will be waiting for 1.45 over the next 12 or 15 hours and then I close the positions and wait for a retracement to the dark blue line again.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 24 august.gif Size: 33 KB
  • #530,477
  • Aug 24, 2011 3:42pm Aug 24, 2011 3:42pm
Quoting Piters
Im specialist in vodka only, lemon- no ice.. [Absolut Vodka]

but i think
PTL is our cocktail master here.. next time I'll ask for some advice..
Piters: Oh yes Pay The Limit - PTL - How could I forget - Thanks -

Im short the EURO - from 1.4450 but I have not caught on to the rhythm of the market as yet - My exit is set at 1.4390 for five lots and 1.4360 for another 5 lots.

I'll soon catch on to the beat of the market again, Ive been away so long - lol
  • #530,478
  • Aug 24, 2011 3:44pm Aug 24, 2011 3:44pm
Quoting Hda
Piters: Oh yes Pay The Limit - PTL - How could I forget - Thanks -

Im short the EURO - from 1.4450 but I have not caught on to the rhythme of the market as yet - My exit is set at 1.4390 for five lots and 1.4360 for another 5 lots.

I'll soon catch on to the beat of the market again, Ive been away so long - lol
enjoy..

and if you need a hand for those wild parties .. just buzz..
  • #530,479
  • Aug 24, 2011 3:49pm Aug 24, 2011 3:49pm
Quoting Chillypiper
30m TP @ 4392
4hr TP @ 4273
Daily TP @4175....IMO...Good luck!
Chillypiper: Thanks man - a little help goes a far way. Ok so I got the 4390 and Im seeing 4350 as a base so Im getting out 10 pips before hmmmm

Lets see what happens

Thanks Again

By monday next week I will back in the saddle fully barring the World Championships
  • #530,480
  • Aug 24, 2011 3:52pm Aug 24, 2011 3:52pm
Quoting Piters
enjoy..

and if you need a hand for those wild parties .. just buzz..
Piters: No prob, I'll send the G 650 for yah
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