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  • #4,541
  • Oct 21, 2011 2:06pm Oct 21, 2011 2:06pm
KAMBOOJ: nice work...

pending sell hit at 1.3899.. looking for 1.3650 first... but also lower to 1.3510 or 1.3420... stops at BE... we either climb higher now... or we carry on with the correction.... targets at mentioned.. good luck everyone, have a good weekend..

tomorrow i finally start working
  • #4,542
  • Oct 21, 2011 2:22pm Oct 21, 2011 2:22pm
Just wrote a longer explanation before ... when I tried to submit this page collapsed ...

Pech ... dann eben nicht mehr ...

It is Friday ... and I just wait for a WEEKLY Closing No. 42 ...

Was out today ... a long time ... and just came back when price was near 1.39 ... no need to mention what I did ...

Now I am flat and I do not touch it anymore ...

Ist mir herzlich wurscht und piepegal wo es jetzt noch hingehen will ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #4,543
  • Oct 21, 2011 3:08pm Oct 21, 2011 3:08pm
Hehe ^^

2011-10-21 _ (22h04 CET) EUR-USD _ 030min _ 000 barchart 240-500-40

Popcorn



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-21 _ (22h04 CET) EUR-USD _ 030min _ 000 barchart 240-500-40.GIF Size: 83 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #4,544
  • Oct 21, 2011 4:04pm Oct 21, 2011 4:04pm
Quoting stulic
I think week will close around 3900.
Sure why not. 1.40 next week.
Don't get mad, get even!
  • #4,545
  • Oct 21, 2011 4:37pm Oct 21, 2011 4:37pm
Quoting Raza
I still believe there should be a sell off across the board..

All week E/U has been stop hunting!
i was hoping for this but NY ending session and we shoot up... btw sent you and email
  • #4,546
  • Edited 8:20pm Oct 21, 2011 4:38pm | Edited 8:20pm
Quoting stulic
I think week will close around 3900.
Good trading...Stulic and Egkid.Congrats all who made $$.

Good call on G/U Don!

I got side tracked from original view of my analysis, due to School studies

and being sleep deprived.( and Mercy..lol ..also a free signal provider via e-mail..who are usually wrong..lol)

No harm done ..did not trade.

So is 1.4011 in the picture before the month end?

Here is the view of chart done while back.. concept is there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CORRECTION.jpg Size: 96 KB
Click to Enlarge Name: correction#2.jpg Size: 33 KB
Click to Enlarge Name: correction#3.jpg Size: 62 KB
Click to Enlarge Name: Correction#4.jpg Size: 74 KB
Attached File(s)
File Type: doc RARE TRIANGLE.doc   128 KB | 382 downloads
Markets are not Random, they are designed!
  • #4,547
  • Oct 21, 2011 4:55pm Oct 21, 2011 4:55pm
Quoting Raza
Good trading...Stulic and Egkid.Congrats all who made $$.

Good call on G/U Don!

I got side tracked from original view of my analysis, due to School studies

and being sleep deprived.( and Mercy..lol ..also a free signal provider via e-mail..who are usually wrong..lol)

No harm done ..did not trade.

So is 1.4011 in the picture before the month end?

Here is the view of chart done while back.. concept is there.
my trouble with that view is i don't see 1.4011 fitting in the picture? not if we are working with wave A being 1.2871 to 1.4940
  • #4,548
  • Oct 21, 2011 5:01pm Oct 21, 2011 5:01pm
Quoting jaylovin
my trouble with that view is i don't see 1.4011 fitting in the picture? not if we are working with wave A being 1.2871 to 1.4940
Its the algo level...and I physically got that FIB level as well...

Refer to the chart sent you a month ago. Next month will be a different story. give it room to 1.4050 for breakout confirmation...I have to short this by the rules this month.

As far as the wave structure I know it is Bullish but after a ping pong shown on recent chart..ABCDE..

Testing remains around 1.34xx level.

Wave is not labelled wave#A There is a X wave in between.....Look up book by ROBERT BALAN for this pattern OR I can email you a copy later.

There is a possibility for Expanded flat that takes the price in 1.2030 zone...but for now ..doesnot look like it.
Markets are not Random, they are designed!
  • #4,549
  • Edited 5:21pm Oct 21, 2011 5:09pm | Edited 5:21pm
Quoting Raza
Its the algo level...and I physically got that FIB level as well...

Refer to the chart sent you a month ago. Next month will be a different story. give it room to 1.4050 for breakout confirmation...I have to short this by the rules this month.

As far as the wave structure I know it is Bullish but after a ping pong shown on recent chart..ABCDE..

Testing remains around 1.34xx level.

Wave is not labelled wave#A There is a X wave in between.....Look up book by ROBERT BALAN for this pattern OR I can email you a copy later.

i got balan's book.. will check it up.... i also got 1.4011 but not with that pattern... sent you an email sometime before with that level - can't remember which one though lol...

i re entered the short at 1.3898.. forgot to close it so gotta do that on sunday if we don't gap up
  • #4,550
  • Oct 21, 2011 5:13pm Oct 21, 2011 5:13pm
Quoting jaylovin
i got balan's book.. will check it up.... i also got 1.4011 but not with that pattern... sent you an email sometime before with that level - can't remember which one though lol...

i re entered the short at 1.3998.. forgot to close it so gotta do that on sunday if we don't gap up
If your position is not Big it should come back to test this level to break even at least. You meant 1.3898?

Cup and Handle 1 HR CHART?
Markets are not Random, they are designed!
  • #4,551
  • Oct 21, 2011 5:22pm Oct 21, 2011 5:22pm
Quoting Raza
If your position is not Big it should come back to test this level to break even at least. You meant 1.3898?

Cup and Handle 1 HR CHART?
eagle eyes... yes 1.3898 - changed...

have you got any literature on cup and handle? i never found anything to read about it to fully understand it limits, targets, confirmations ...etc
  • #4,552
  • Oct 21, 2011 5:27pm Oct 21, 2011 5:27pm
Quoting jaylovin
eagle eyes... yes 1.3898 - changed...

have you got any literature on cup and handle? i never found anything to read about it to fully understand it limits, targets, confirmations ...etc
All I know is If the handle is fairly big not too small as compared to the size of the CUP...then we have a BADA BOOM UP.( if the handle is big)

Otherwise No.
Markets are not Random, they are designed!
  • #4,553
  • Oct 21, 2011 5:29pm Oct 21, 2011 5:29pm
Quoting Raza
All I know is If the handle is fairly big not too small as compared to the size of the CUP...then we have a BADA BOOM UP.( if the handle is big)

Otherwise No.
ok cool thanks... i gotta go sleep.. work starts in 4 hours ... have a good weekend.. will work on the charts over the wend..

jay
  • #4,554
  • Oct 21, 2011 5:33pm Oct 21, 2011 5:33pm
Quoting jaylovin
ok cool thanks... i gotta go sleep.. work starts in 4 hours ... have a good weekend.. will work on the charts over the wend..

jay
Good night.

My shorting will start from 1.3993.
Markets are not Random, they are designed!
  • #4,555
  • Oct 21, 2011 6:10pm Oct 21, 2011 6:10pm
Quoting Forexcube
EURUSD, M15, 2011 October 21

DR1 has reached again.
Short @ 1.3860 (1/10)
Well, all of your trades I have seen so far support my theory how SCALING IN ( even into a losing position) can be eventually VERY profitable as long as MM is kept under control.

Well done Fcube!
  • #4,556
  • Oct 21, 2011 6:15pm Oct 21, 2011 6:15pm
http://clip2net.com/s/1g5gf

My weekly balance chart.
  • #4,557
  • Oct 21, 2011 6:43pm Oct 21, 2011 6:43pm
Quoting Forexcube
Oh yes, sure, T@rantula,.., my sentiments exactly, ... but not "at every up move" how donfriday has it misleading described(see #4523, "...but shorting on every up move into previous losing trade is not easy to do). The last phrase "is not easy to do" is absolutely correct! but then...further "...only time will tell, if i have one losing trade on i will never tempt to add on until it turn profit...." (see...
Exactly. For example if your maximum risk is 1 % and you have a position opened with 0,4 % of risk you can add 2x 0,3 % w/o moving stop loss by a single pip by scaling in AS CLOSE to SL as it can be. It takes advanced understanding of levels and timeframe you are trading on.

I personally never trade w/o a stop loss and im pretty confident in my levels so I can afford scaling in into a loser with MM as per my program.

Im sure Don misunderstood your point, he meant no harm.
  • #4,558
  • Oct 21, 2011 6:51pm Oct 21, 2011 6:51pm
Quoting T@rantula
Exactly. For example if your maximum risk is 1 % and you have a position opened with 0,4 % of risk you can add 2x 0,3 % w/o moving stop loss by a single pip by scaling in AS CLOSE to SL as it can be. It takes advanced understanding of levels and timeframe you are trading on.

I personally never trade w/o a stop loss and im pretty confident in my levels so I can afford scaling in into a loser with MM as per my program.

Im sure Don misunderstood your point, he meant no harm.


Good evening T@rantula!
It seems we have similar MM strategies.
I will give you a link "Time Cell Trading" where I have described it a little.
http://www.forexfactory.com/showthread.php?t=249257
Add-up positions - how to add-up the positions! see p.12, #175; p.13, #195; p.14, #196 ; AUDCAD/H1, p.16, #226 ; EURGBP/H4, p.17, #241;
...and if I hedge some "losing trades" here and there ... "it takes advanced understanding of levels and timeframe you are trading on", too and you could go in addition of 0.4% and 2x 0.3%. Oh yes, indeed, it's a risk calculation which I have to do every time when I trade. Nice example, which you have post above!
FXcube
  • #4,559
  • Oct 21, 2011 6:58pm Oct 21, 2011 6:58pm
Quoting Forexcube


Good evening T@rantula!
It seems we have similar MM strategies.
I will give you a link "Time Cell Trading" where I have described it a little.
http://www.forexfactory.com/showthread.php?t=249257
Add-up positions - how to add-up the positions! see p.12, #175; p.13, #195; p.14, #196...
Thanx for the info Fcube. I will look to it interesting views.
  • #4,560
  • Oct 21, 2011 6:59pm Oct 21, 2011 6:59pm
Quoting T@rantula
http://clip2net.com/s/1g5gf

My weekly balance chart.

Congratulation!
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