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  • #321
  • Apr 21, 2006 10:47am Apr 21, 2006 10:47am
Quoting hagadol
Got to be a good short @40, Stop 60/65 ?


1.7857 Apr 20th Intraday Retrace High
1.7854 MNI Fib Res 50% Days Move

1.7845/55 MNI Offers
1.7846 Apr 20th Intraday Retrace High
1.7845 Session High
1.7841 Fib Res
1.7839 Apr 20th Intraday Retrace High
That would be a safe bet for a few pips. I figure it'll hit the pyschological number at 1.7825 before stalling...could reach 1.7810 per your amount, with a definite bounce at 1.7800 or so...
  • #322
  • Apr 21, 2006 10:48am Apr 21, 2006 10:48am
This is great. I am going to start doing this also, on Notepad on a seperate screen... I trade gbp most of the time... . You see a whole different picture don't you? Thanks alot, Scott



Quoting hagadol
Got to be a good short @40, Stop 60/65 ?


1.7857 Apr 20th Intraday Retrace High
1.7854 MNI Fib Res 50% Days Move

1.7845/55 MNI Offers
1.7846 Apr 20th Intraday Retrace High
1.7845 Session High
1.7841 Fib Res
1.7839 Apr 20th Intraday Retrace High
  • #323
  • Apr 21, 2006 10:50am Apr 21, 2006 10:50am
Quoting mrmikal
That would be a safe bet for a few pips. I figure it'll hit the pyschological number at 1.7825 before stalling...could reach 1.7810 per your amount, with a definite bounce at 1.7800 or so...
Just as wrote this, short 1.7840 hit 1.7825 so far...
  • #324
  • Apr 21, 2006 10:59am Apr 21, 2006 10:59am
Same here. Stop now @B/E
  • #325
  • Apr 21, 2006 11:04am Apr 21, 2006 11:04am
Quoting hagadol
Same here. Stop now @B/E
You see, I'm really bad at this letting my trade continue thing...exit with 20 pips on my end...

couldn't wait to see if it was going to go to 1.7810 although I suspect at some point, it might.
  • #326
  • Apr 21, 2006 11:06am Apr 21, 2006 11:06am
Quoting mrmikal
You see, I'm really bad at this letting my trade continue thing...exit with 20 pips on my end...

couldn't wait to see if it was going to go to 1.7810 although I suspect at some point, it might.
Seriously, though, hagadol, this post made me 50 pips today (in what...about 4 hours of disengaged chart watching?)...thanks.
  • #327
  • Apr 21, 2006 11:07am Apr 21, 2006 11:07am
I have taken 1/3 @20.

If you feel that desperate urge to take whats on the table, U can always take 1/3 or 1/2 out.
Going to take a break for an hour or so.
  • #328
  • Apr 21, 2006 11:09am Apr 21, 2006 11:09am
This sheet also helps choosing stop placement, making sure you place in a good value zone.

Value Zone - A price which has protection and or price has not been to in recent times.

On the entry @40, the stop was placed @60 and protected by all this:

1.7857 Apr 20th Intraday Retrace High
1.7854 MNI Fib Res 50% Days Move

1.7845/55 MNI Offers
1.7846 Apr 20th Intraday Retrace High
1.7845 Session High
1.7841 Fib Res
1.7839 Apr 20th Intraday Retrace High
  • #329
  • Apr 21, 2006 11:12am Apr 21, 2006 11:12am
Quoting hagadol

1.7845/55 MNI Offers
What does MNI mean?

TIA Hagadol.
  • #330
  • Apr 21, 2006 11:18am Apr 21, 2006 11:18am
MNI = Market News International

It is a news feed I use and I add some of their suggestions to my list.
  • #331
  • Apr 21, 2006 11:39am Apr 21, 2006 11:39am
You made my day... thanks again, Scott



Quoting hagadol
MNI = Market News International

It is a news feed I use and I add some of their suggestions to my list.
  • #332
  • Apr 21, 2006 12:15pm Apr 21, 2006 12:15pm
Hagadol, baby...you da man!

I didn't play the break of 1.7808, but I had programmed it in my list of "would be trades" and made ANOTHER 20 pips...

Once I train a little more on your system, I'll take more positions out...but holy crap...it's awesome.

You're riding this down, though, aren't you??
  • #333
  • Apr 23, 2006 10:29am Apr 23, 2006 10:29am
Hagadol, I have to say this is incredible

I have set up something similar on notepad on another screen, but man you have so much more depth in your list... could you list the link for MNI, so I can subscribe? I went to "Marktetnewsinternational.com" and it looked like links to other advertizing.

I realize you have been doing this a long time and have developed it as second nature, but if it would be possible, could you explain your criteria?

Thanks again for sharing this... Scott


Quoting hagadol
Got to be a good short @40, Stop 60/65 ?


1.7857 Apr 20th Intraday Retrace High
1.7854 MNI Fib Res 50% Days Move

1.7845/55 MNI Offers
1.7846 Apr 20th Intraday Retrace High
1.7845 Session High
1.7841 Fib Res
1.7839 Apr 20th Intraday Retrace High
  • #334
  • Edited 12:40pm Apr 23, 2006 12:35pm | Edited 12:40pm
MNI is here. I think there is a free month trial:

http://mni.acquiremedia.com/mni-bin/mni.cgi?page=0

As I wrote above, the notepad list works well, as it points out areas of interest, which you might miss on the charts.

Once you make one, you can keep undating it, while you are working intraday and keep it for the next day. If I have a week off, then I start one from scratch again.

I include:

Pivot Points - I check 3 different popular sources each morning for daily pivots, to get an idea of the zones they are in. Usually they are all within 1 or 2 pips of each other.

Highs / Lows (R / S) - I note areas where price has turned. These might be noted as Recent Low, Retrace Low, Retrace Spike Low ect. Each Morning I note the previous days High and Low and Asian High and Low.

Resistance Becomes Support (and S Becomes R) areas. VERY IMPORTANT !

Fibonacci Retracements - I only include when there has been a reasonable trend.

MNI - I read all the cable stuff which comes through and add a selection from this. Often the levels they discuss are the same as what I have noted myself. MNI points out their opinion of where bids, offer and stop areas are.

Each entry is seperated by a line, unless it is within 6/7 max pips from another entry, then their is no line inbetween.

The area where price is currently is enlarged to say 6 blank lines, so you can easily see what levels are above and below current price.

Obviously areas where you have clusters of entries are potential entry points, if they line up with my trading system. Also these are great for stop placement / protection. So if in a 10 pip area I have a pivot, fib and yesterday's high it must get my attention.

Everytime a price takes out an entry I just delete or edit it. I am constantly updating thtrough the trading day.

I think that is just about it.

For Cable I am looking at 1,5 and 30 min charts. Also keeping an eye on hour and day. Additionally this notepad file ! 1 and 5 for entries / exits, 30 + for trend (or range).

To get my pivots (see above) I look at:

Meta Trader - Custom Pivot on my 30 min

http://www.actionforex.com

http://wwww.livecharts.co.uk/Members...rency_data.php

http://www.mataf.net/en/analysis-pivot.htm

I note what seems to be the average value and consider this a zone rather than trying to be exact, the later which is a pointless exercise.
  • #335
  • Apr 23, 2006 12:40pm Apr 23, 2006 12:40pm
This stuff is gold... you have my gratitude. This is exactly what I was wondering... thanks again, scott



Quoting hagadol
MNI is here. I think there is a free month trial:

http://mni.acquiremedia.com/mni-bin/mni.cgi?page=0

As I wrote above, the notepad list works well, as it points out areas of interest, which you might miss on the charts.

Once you make one, you can keep undating it, while you are working intraday and keep it for the next day. If I have a week off, then I start one from scratch again.

I include:

Pivot Points - I check 3 different popular sources each morning for daily pivots, to get an idea of the zones they are in. Usually they are all within 1 or 2 pips of each other.

Highs / Lows (R / S) - I note areas where price has turned. These might be noted as Recent Low, Retrace Low, Retrace Spike Low ect. Each Morning I note the previous days High and Low and Asian High and Low.

Fibonacci Retracements - I only include when there has been a reasonable trend.

MNI - I read all the cable stuff which comes through and add a selection from this. Often the levels they discuss are the same as what I have noted myself. MNI points out their opinion of where bids, offer and stop areas are.

Each entry is seperated by a line, unless it is within 6/7 max pips from another entry, then their is no line inbetween.

The area where price is currently is enlarged to say 6 blank lines, so you can easily see what levels are above and below current price.

Obviously areas where you have clusters of entries are potential entry points, if they line up with my trading system. Also these are great for stop placement / protection. So if in a 10 pip area I have a pivot, fib and yesterday's high it must get my attention.

Everytime a price takes out an entry I just delete or edit it. I am constantly updating thtrough the trading day.

I think that is just about it.

For Cable I am looking at 1,5 and 30 min charts. Also keeping an eye on hour and day. Additionally this notepad file ! 1 and 5 for entries / exits, 30 + for trend (or range).

To get my pivots (see above) I look at:

Meta Trader - Custom Pivot on my 30 min

http://www.actionforex.com

http://wwww.livecharts.co.uk/Members...rency_data.php

http://www.mataf.net/en/analysis-pivot.htm

I note what seems to be the average value and consider this a zone rather than trying to be exact, the later which is a pointless exercise.
  • #336
  • Apr 23, 2006 12:42pm Apr 23, 2006 12:42pm
I just edited the last post a few times.
  • #337
  • Apr 24, 2006 1:49am Apr 24, 2006 1:49am
Here is my Price list, just edited as I start Monday trading. 6.50am GMT.

Fib retrace to be added, once a suitable high is stable.

No comments added from MNI yet.

1.8005 MNI Fib Res

1.7955 R2
1.7950 MNI Fib Res

1.7935 April 19th & Jan 25th High

1.7910 Sup Becomes Res
1.7904 R1
1.7902 Apr 20th Intraday High

1.8887 Session High
1.7863 R1




1.7847 Session Low
1.7840/50 Res Becomes Sup (Apr 21st Highs)

1.7810 Apr 21st Intraday Low
1.7808 Apr 21st Intraday Low
1.7807 Pivot ========================

1.7782 Apr 21st Intraday Low

1.7776 Apr 21st Intraday Low
1.7771 Apr 21st Intraday Low
1.7767 S1

1.7758 Apr 21st Europe Low
1.7753 Apr 20th Low

1.7748 Apr 18th Intraday Low
1.7746 Apr 21st Low
1.7746 Res Becomes Sup

1.7710 Apr 18th Intraday Low
1.7710 S2

1.7676 Apr 18th Session Low
1.7670 S3

1.7667 Apr 17th Retrace Low

1.7654 Apr 17th Retrace Low
1.7650 Apr 17th Retrace Low

1.7633 Apr 17th Retrace Low

1.7623 Res Becomes Sup MAJOR

1.7601 Res Becomes Sup

1.7532 April 17th Low

1.7508 April 14th Low

1.7482 April 13th Low

1.7460 April 12th Low

1.7442 April 11th NY Spike Low
  • #338
  • Apr 24, 2006 1:51am Apr 24, 2006 1:51am
So these three areas look interesting


1.7910 Sup Becomes Res
1.7904 R1
1.7902 Apr 20th Intraday High

1.7847 Session Low
1.7840/50 Res Becomes Sup (Apr 21st Highs)

1.7810 Apr 21st Intraday Low
1.7808 Apr 21st Intraday Low
1.7807 Pivot ========================
  • #339
  • Edited 7:42am Apr 24, 2006 3:17am | Edited 7:42am
Updated@ 12.18 GMT

1.8085 MNI Channel Top From Nov 28th
1.8005 MNI Fib Res 38.2% 1.7050 To 1.9550

1.7955 R2
1.7950 MNI Fib Res 61% 1.7050 To 1.8500

1.7935/50 MNi Offers
1.7935 April 19th & Jan 25th High

1.7929 Session Spike High After UK Data

1.7911 Recent High
1.7909 Recent High (2nd Test)







1.7850 MNI Bids
1.7850 MNi 5 Day MA
1.7850 Fib Sup Fri Low To Mon High
1.7847 Asian Low
1.7840/50 Res Becomes Sup (Apr 21st Highs)

1.7830 Fib Sup Fri Low To Mon High
1.7827 MNI Gap Base From Apr 21st To Apr 24th
1.7820 MNI Bids Strong

1.7810 Fib Sup Fri Low To Mon High
1.7810 Apr 21st Intraday Low
1.7808 Apr 21st Intraday Low
1.7807 Pivot ========================

1.7782 Apr 21st Intraday Low

1.7776 Apr 21st Intraday Low
1.7771 Apr 21st Intraday Low

1.7767 S1

1.7758 Apr 21st Europe Low
1.7753 Apr 20th Low
1.7748 Apr 18th Intraday Low
1.7746 Apr 21st Low
1.7746 Res Becomes Sup

1.7710 Apr 18th Intraday Low
1.7710 S2

1.7676 Apr 18th Session Low
1.7670 S3

1.7667 Apr 17th Retrace Low

1.7654 Apr 17th Retrace Low
1.7650 Apr 17th Retrace Low

1.7633 Apr 17th Retrace Low

1.7623 Res Becomes Sup MAJOR

1.7601 Res Becomes Sup

1.7532 April 17th Low

1.7508 April 14th Low

1.7482 April 13th Low

1.7460 April 12th Low

1.7442 April 11th NY Spike Low
  • #340
  • Edited 10:33am Apr 24, 2006 7:51am | Edited 10:33am
UPDATED 15.24 GMT

1.8085 MNI Channel Top From Nov 28th
1.8005 MNI Fib Res 38.2% 1.7050 To 1.9550

1.7955 R2
1.7950 MNI POssible Option Barrier
1.7950 MNI Fib Res 61% 1.7050 To 1.8500

1.7935/50 MNi Offers
1.7935 April 19th & Jan 25th High

1.7929 Session Spike High After UK Data

1.7911 Recent High
1.7909 Recent High (2nd Test)

1.7880 Sup Becomes Res
1.7876 Fib Res Session Move

1.7864 Retrace High
1.7860 Fib Res Session Move

1.7847 Retrace High
1.7844 Fib Res Session Move
1.7842 Retrace High
1.7839 Retrace High



1.7791 Session Low

1.7782 Apr 21st Intraday Low

1.7776 Apr 21st Intraday Low
1.7771 Apr 21st Intraday Low

1.7767 S1

1.7758 Apr 21st Europe Low
1.7753 Apr 20th Low
1.7748 Apr 18th Intraday Low
1.7746 Apr 21st Low
1.7746 Res Becomes Sup

1.7710 Apr 18th Intraday Low
1.7710 S2

1.7676 Apr 18th Session Low
1.7670 S3

1.7667 Apr 17th Intraday Low

1.7654 Apr 17th Intraday Low
1.7650 Apr 17th Intraday Low

1.7633 Apr 17th Retrace Low

1.7623 Res Becomes Sup MAJOR

1.7601 Res Becomes Sup

1.7532 April 17th Low

1.7508 April 14th Low

1.7482 April 13th Low

1.7460 April 12th Low

1.7442 April 11th NY Spike Low
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