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Trading with Deadly Accuracy

  • #1,681
  • Nov 25, 2011 9:26am Nov 25, 2011 9:26am
Quoting dazzdude

taking entry to relieve boredom will delay your progress accordingly

(been there, done that)
but it's FUN!

He needs his 5,000 hours, just like all of us did! :-)

did i say 5,000 hours? i meant 10,000.
  • #1,682
  • Nov 25, 2011 2:50pm Nov 25, 2011 2:50pm
Quoting ZeeJay
but it's FUN!

He needs his 5,000 hours, just like all of us did! :-)

did i say 5,000 hours? i meant 10,000.
10,000 hours ~ 5 years...
for me, almost 3 years is over

I found those on daily time frame:

http://i41.tinypic.com/34fnwax.gif

Or this...
(not exactly a hook, because the hook is over, this is only a bounce)

http://i44.tinypic.com/24on0d4.gif

Or this...

http://i42.tinypic.com/j12iz6.gif
  • #1,683
  • Nov 26, 2011 8:07pm Nov 26, 2011 8:07pm
Dazzdude,

Thanks for posting the pic of the WMD hook method (#1652) It helped a lot to my understanding.

@all, thanks, especially to WMD for sharing on this thread. Am learning a lot here.

Much appreciated, Fuzzy.
  • #1,684
  • Nov 27, 2011 7:03pm Nov 27, 2011 7:03pm
Hey guys,
Hope you had a great weekend.

Please comment on my GBPJPY trendlines,
no chart this time. i am lazy.
video instead

http://screencast-o-matic.com/watch/cXXucEUQi

CJ.-
  • #1,685
  • Nov 28, 2011 1:41am Nov 28, 2011 1:41am
Quoting ZeeJay
Hey guys,
Hope you had a great weekend.

Please comment on my GBPJPY trendlines,
no chart this time. i am lazy.
video instead

http://screencast-o-matic.com/watch/cXXucEUQi

CJ.-
looks good, there is increased talk about coordinated intervention on yen, this is why it started moving up, if it materialises it can move up a lot, I would play this without TP. All the best
  • #1,686
  • Nov 28, 2011 2:02am Nov 28, 2011 2:02am
Quoting challenger78
looks good, there is increased talk about coordinated intervention on yen, this is why it started moving up, if it materialises it can move up a lot, I would play this without TP. All the best
Having said that, you might be better off playing this on USDJPY as GBP fundamentals are rather weak and from COT the pound has more room to drop. Sorry if I diverge a bit from the spirit of the thread and I talk fundamentals here...
  • #1,687
  • Nov 28, 2011 3:32am Nov 28, 2011 3:32am
Quoting ZeeJay
Hey guys,
Hope you had a great weekend.

Please comment on my GBPJPY trendlines,
no chart this time. i am lazy.
video instead

http://screencast-o-matic.com/watch/cXXucEUQi

CJ.-
The analysis looks fine. Looking at weekly candles, taking out last weeks high would support your theory.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.png Size: 27 KB
  • #1,688
  • Nov 28, 2011 5:28am Nov 28, 2011 5:28am
the EURCHF chart like a puzzle to me i cant find or tell anything
any body can analyze that chart if possible
  • #1,689
  • Nov 28, 2011 9:06am Nov 28, 2011 9:06am
Well lads, do any of you think this is a good setup for a short on NZD.USD?
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusddaily.jpg Size: 106 KB
  • #1,690
  • Nov 28, 2011 11:42am Nov 28, 2011 11:42am
Thanks for your comments guys,

GBPJPY is moving nicely....
and it just pulled back 50% off the daily high... which could be a good deal to get in.

At this time, I have a small 'test' position to see how it works... ( which allows me to have a wide stop-loss with little risk )

i will add to it if it does what we expect it to do.

Have a good trading week!

CJ
  • #1,691
  • Nov 28, 2011 3:38pm Nov 28, 2011 3:38pm
Quoting Pat Mustard
Well lads, do any of you think this is a good setup for a short on NZD.USD?
yes
  • #1,692
  • Nov 28, 2011 4:35pm Nov 28, 2011 4:35pm
Quoting Mr.C
A simple chart of GU. What do you think about shorting cable if we would get the PA in the second picture with SL just above the daily high?
A flash-back..?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_111128_h1.gif Size: 18 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #1,693
  • Nov 29, 2011 1:12am Nov 29, 2011 1:12am
Quoting Pat Mustard
Well lads, do any of you think this is a good setup for a short on NZD.USD?
interesting...

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: nz.png Size: 28 KB
  • #1,694
  • Nov 29, 2011 2:03am Nov 29, 2011 2:03am
Dear All,

based on Dazzdude's post, I have tried to draw the signs in the chart below.

I would welcome any feedback in case my understanding is wrong.

much appreciated.

Fuzzy.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD_deadly.jpg Size: 95 KB
  • #1,695
  • Nov 29, 2011 2:19am Nov 29, 2011 2:19am
Quoting fuzzy
Dear All,

based on Dazzdude's post, I have tried to draw the signs in the chart below.

I would welcome any feedback in case my understanding is wrong.

much appreciated.

Fuzzy.
trading is not about knowing what price will always do. its more about knowing what are the likely options, seeing an option play out, and taking advantage of it. there are the two options I see for kiwi. that break of the TL was either showing its intent, or (more likely) it was an "over-throw", taking out stops before moving south.

dazz
Attached Image (click to enlarge)
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  • #1,696
  • Nov 29, 2011 2:31am Nov 29, 2011 2:31am
some additional thoughts on kiwi
Attached Image(s) (click to enlarge)
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  • #1,697
  • Nov 29, 2011 3:13am Nov 29, 2011 3:13am
and that's how she closed
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  • #1,698
  • Nov 29, 2011 3:21am Nov 29, 2011 3:21am
eur
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  • #1,699
  • Nov 29, 2011 3:29am Nov 29, 2011 3:29am
Quoting dazzdude
damm.... I totally missed the other channel on cad

as I have mentioned previously, when price reacts, it's for a reason, see if you can find it (it sharpens your eyes)
follow up on cad options
Attached Image (click to enlarge)
Click to Enlarge Name: cad.png Size: 45 KB
  • #1,700
  • Nov 29, 2011 3:37am Nov 29, 2011 3:37am
possible change on trend of aud?
Attached Image (click to enlarge)
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