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  • #617,921
  • Mar 29, 2012 4:00pm Mar 29, 2012 4:00pm
Quoting ForExtraPips
Come on. Five more pips to go. You can do it.
@ForExtraPips:

Looks Like someone just got their wish for 3305. Im holding my long and will make a decision at 6pm Eastern based on what the CHART decides to tell me.

Right now alot of traders are thinking SHORT and nothing is wrong with that but only go for 5 to 10pips max

There may - I say MAY be a battle between 3306 and 3292 - if there is no battle then Im looking at 3318 -

If it gets to 3318 then there MAY, I say MAY be a battle between 3318 and 3306 - if there is no battle at 3318 then Im looking at 3340.

Then there may, I say MAY be a battle between 3340 and 3318. If there's no battle then the rest is history - Bulls Win - nonethesless, you have to stay sharp and LISTEN TO THE CHART and not your HEART.

AT 6pm then 9pm then 12 midnight eastern will be the 3 decision making hours as to what the market decides to Share. Sitting tight for now.

Congrats with your trade if you closed it.

Sitting tight.
  • #617,922
  • Mar 29, 2012 4:04pm Mar 29, 2012 4:04pm
Quoting Hda
@ForExtraPips:

Looks Like someone just got their wish for 3305. Im holding my long and will make a decision at 6pm Eastern based on what the CHART decides to tell me.

Right now alot of traders are thinking SHORT and nothing is wrong with that but only go for 5 to 10pips max

There may - I say MAY be a battle between 3306 and 3292 - if there is no battle then Im looking at 3318 -

If it gets to 3318 then there MAY, I say MAY be a battle between 3318 and 3306 - if there is no battle at 331 then Im looking at 3340.

Then there...
curious to know why you chose those times

6pm eastern? 7am tokyo?
9pm eastern? 10 am tokyo?
12midnight eastern? 1 pm tokyo


so europe doesnt matter right?
AVT INVENIAM VIAM AVT FACIAM
  • #617,923
  • Mar 29, 2012 4:05pm Mar 29, 2012 4:05pm
Quoting micho
you're acting hostile old man
Little too sensitive, I would say?? Sorry if I did hurt your feeling, Kitto.
  • #617,924
  • Mar 29, 2012 4:09pm Mar 29, 2012 4:09pm
Quoting pkimnyc
Little too sensitive, I would say?? Sorry if I did hurt your feeling, Kitto.
nope
When life gives you lemons, make lemonade
  • #617,925
  • Mar 29, 2012 4:14pm Mar 29, 2012 4:14pm
good night at all
  • #617,926
  • Mar 29, 2012 4:16pm Mar 29, 2012 4:16pm
Quoting the redlion
curious to know why you chose those times

6pm eastern? 7am tokyo?
9pm eastern? 10 am tokyo?
12midnight eastern? 1 pm tokyo


so europe doesnt matter right?
Im so pissed -I just typed you a long explanation and it didnt go through. Im so pissed. Give me a sec, I have to calm back down and write it over. DAMN IT - This time Im gonna copy jsut in case before I hit SUBMIT REPLY
  • #617,927
  • Mar 29, 2012 4:26pm Mar 29, 2012 4:26pm
Quoting Hda
Im so pissed -I just typed you a long explanation and it didnt go through. Im so pissed. Give me a sec, I have to calm back down and write it over. DAMN IT - This time Im gonna copy jsut in case before I hit SUBMIT REPLY
LOL http://www.forexfactory.com/images/icons/icon3.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #617,928
  • Mar 29, 2012 4:26pm Mar 29, 2012 4:26pm
Quoting Hda
Im so pissed -I just typed you a long explanation and it didnt go through. Im so pissed. Give me a sec, I have to calm back down and write it over. DAMN IT - This time Im gonna copy jsut in case before I hit SUBMIT REPLY
loooooool
When life gives you lemons, make lemonade
  • #617,929
  • Mar 29, 2012 4:34pm Mar 29, 2012 4:34pm
Quoting Hda
Im so pissed -I just typed you a long explanation and it didnt go through. Im so pissed. Give me a sec, I have to calm back down and write it over. DAMN IT - This time Im gonna copy jsut in case before I hit SUBMIT REPLY
hahahaha
  • #617,930
  • Mar 29, 2012 4:37pm Mar 29, 2012 4:37pm
the count that i m watching. the correction to the upside from 1.3250 shouldnt go beyond 1.3384 . so i m looking for 3 waves to the upside i ll go for shorts @76.4 and 61.8 of wave 1 <1.3352 and 1.3333> s.loss above 1.3384
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  • #617,931
  • Mar 29, 2012 4:44pm Mar 29, 2012 4:44pm
Quoting the redlion
curious to know why you chose those times

6pm eastern? 7am tokyo?
9pm eastern? 10 am tokyo?
12midnight eastern? 1 pm tokyo


so europe doesnt matter right?
@Redlion:

Ofcourse Europe matters, but thats 3am the next day. I was refering to the rest of today Eastern Standard Time.

Earlier I stated that just as unorthodox as the forex is - So is my trading style. My style is very simple, LISTEN and OBEY without question. The times 6pm 9pm and 12 midnight Ive come to recognise (as per the charts), is that they give an indication of where the market is going to go. Wether it is to continue LONG or if it says NO go SHORT or even DONT TRADE.

Lets use today as an example. Whenever one was short like myself I immediately closed all my shorts and indicated to the room I was going long and everyone must have thought WTF????? That guy is crazy.

But what I discoverd was and why I trust my methodology, is that, everytime the market or the chart said Im turning - it really turned.

So regardless of how many pips I was making going SHORT - I closed all my shorts and immediately went LONG because the chart said to go LONG.

For me - its an edge, because I get the heads up long before everyone while they are still trading, based on there methodology and systems before their systems tell them to turn, stay, dont trade or GET OUT.

So those times (6,9,12) for this evening now, that is, reflects for me based on the chart that this is when it will make a decision - So without hesitation I whholeheartly LISTEN and OBEY.

It has nothing to do with the different market times, for me - its just the times the market/chart indicates whats its going to do.

For now its still saying LONG
  • #617,932
  • Mar 29, 2012 4:45pm Mar 29, 2012 4:45pm
I have 1.3303, 1.3310 and 1.3319 as resistance. I changed my order to short at 1.3315 with a SL at 1.3335. 1.3324 is also a good resistance area.
  • #617,933
  • Mar 29, 2012 4:52pm Mar 29, 2012 4:52pm
I am calling it a month, unless irresistible setup happens overnight. In addition I always lose money on Friday's - I am still trying to figure out why. I spent the whole month climbing out of the hole, but ended up profitable for March in the model account. Results are below:

February + 31.87%
March + 22.55%
Since inception + 61.62%
  • #617,934
  • Mar 29, 2012 4:54pm Mar 29, 2012 4:54pm
Quoting Hda
@Redlion:

Ofcourse Europe matters, but thats 3am the next day. I was refering to the rest of today Eastern Standard Time.

Earlier I stated that just as unorthodox as the forex is - So is my trading style. My style is very simple, LISTEN and OBEY without question. The times 6pm 9pm and 12 midnight Ive come to recognise (as per the charts), is that they give an indication of where the market is going to go. Wether it is to continue LONG or if it says NO go SHORT or even DONT TRADE.

Lets use today as an example. Whenever one was...
ok i can respect that

however here is where i feel that logic will find some problems, how does your trading do with fake outs and stop hunts?

if you close because the market is finding some consolidation and now turns upward there is a possibility that it will further head south as a break out, however if you go with the possibility of a break out then it is a possibility that current level is being used to unwind big blocks of orders and you will have a fake out.

however you do find it to be reliable... so let me ask you ...how big is your universal sample space?
AVT INVENIAM VIAM AVT FACIAM
  • #617,935
  • Mar 29, 2012 4:58pm Mar 29, 2012 4:58pm
by the way the current day's trading ends at New York Close, you are actually overlapping into tomorrows trading.

at least to me it seems you are basing yourself on the initial influx of capital in the Asian Markets in and around lunch time as your limit, so i am assuming you are a scalper as Asia offers low volatility.

Do not think i am discrediting your hypothesis, i am just curious to know.
AVT INVENIAM VIAM AVT FACIAM
  • #617,936
  • Mar 29, 2012 5:06pm Mar 29, 2012 5:06pm
This USD index support makes something like 1.3309-1.3316 on EU chart. I'll try a short there with a tight stop.
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  • #617,937
  • Edited 5:39pm Mar 29, 2012 5:12pm | Edited 5:39pm
Quoting the redlion
ok i can respect that

however here is where i feel that logic will find some problems, how does your trading do with fake outs and stop hunts?

if you close because the market is finding some consolidation and now turns upward there is a possibility that it will further head south as a break out, however if you go with the possibility of a break out then it is a possibility that current level is being used to unwind big blocks of orders and you will have a fake out.

however you do find it to be reliable... so let me ask you ...how big is your...
@Redlion:

Hmmm mathematically inclined I see. Its 6pm, the MARKET says Continue to HOLD LONG.

Back to your question, my universal sample space is 1 - 25 - heres the trick. Once I enter the trade, I have to remind myself, REMEMBER NOW, YOU HAVE TO WAIT 3 hours before the next decision as to where its going to GO. So no matter what happens, I have to wait the 3 HOURS, no matter what. In that time, the market does what ever it wants to do and I do not interfer because the next decision making time is 3 HOURS away.

So I have 3 HOURS to play with and it works. Hence, why I have to be saying to the traders in the room PATIENCE.

Imagine having to sit and wait 3HRS before you can do something. It was hard at first, but I learnt that it actually paid off.

So when its doing its fake out etc, I have to sit and wait until decision making time, no matter what happens and that's 3HRS away.

So lets say it goes against me and 3 Hours later it says CHANGE direction, I closed the trade, without question take the loss which all the time is between 5 to 40 pips and I enter to recover the 40pips, set my stop infront of the 40 pips to protect it and then go for only 15 pips after that and exit. It always works, I get back the LOST pips.

Then I Kiss the screen and say THANK YOU :-)

The discipline is learning to wait the 3 HRS without doing anything.
  • #617,938
  • Mar 29, 2012 5:20pm Mar 29, 2012 5:20pm
What is the significance of three hours ? Is there any explanation for it please.

Quoting Hda
@Redlion:

Hmmm mathematically inclined I see. Its 6pm, the MARKET says Continue to HOLD LONG.

Back to your question, my universal sample space is 1 - 25 - heres the trick. Once I enter the trade, I have to remind myself, REMEMBER NOW, YOU HAVE TO WAIT 3 hours before the next decision as to where its going to GO. So no matter what happens, I have to wait the 3 HOURS, no matter what. In that time, the market does what ever it wants to do and I do not interfer because the next decision making time is 3 HOURS away....
  • #617,939
  • Mar 29, 2012 5:27pm Mar 29, 2012 5:27pm
there is a possible nice bull developing, still no signals for the people who misunderstand every single time
When life gives you lemons, make lemonade
  • #617,940
  • Mar 29, 2012 5:29pm Mar 29, 2012 5:29pm
Quoting micho
there is a possible nice bull developing, still no signals for the people who misunderstand every single time
On what time frame? I don't see it yet
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