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  • #281
  • May 18, 2012 12:03pm May 18, 2012 12:03pm
Do you ever carryover the weekend on your long term acct? It would seem that that could be very risky -- An attack on Iran's nuclear facility for instance. Thanks

Carrying trades into the weekend on this pair is not advisable though the spread widens to between 20 and 40 pips over the weekend.

We must always wait for confirmation before placing trades.

Some traders look at candles in motion and assume hey doji and when the candle finally closes maybe 1hr or 4 hours later no doji. So its important to always wait for confirmation first and then execute your trade.

We are in a retrace off the lows - lets see what the daily tells us when it closes today.

If 1.2960 goes - then look for 1.3010 lets see if 1.2960 can stand up to the bulls

Respectfully,
HDA[/quote]
Defending Truth, Capitalism and the US Constitution
  • #282
  • May 18, 2012 12:07pm May 18, 2012 12:07pm
Good to have you back Killer. Great thread.
Defending Truth, Capitalism and the US Constitution
  • #283
  • May 18, 2012 1:05pm May 18, 2012 1:05pm
Quoting wendel17
wooow, unbelievable, You are great help to a lot of people, I've been following your posts now for 3 weeks, you made the call on Eur/Us short and no one I mean no one agreed with you, now here we are just like you called it, impressive. I went short few times but each time I took profit, and waited awhile before getting in again, as I wasn't brave enough to hold on to my position this long. I Really appreciate all your posts and the time you spend to teach newbies like myself. Thank you.
i wouldn't say no one.
  • #284
  • May 18, 2012 1:10pm May 18, 2012 1:10pm
Thanks for the response HDA

I couldnt agree with you more about choosing to do forex over my family. I think in a round about way you are teaching all of us this lesson when you tell us all that you are taking care of your father. If you really knew my life story you would really believe me when I say there is nothing that will tear me away from my small family!

I have talked about this with my wife several times before. I will talk with her again and explain the time commitment and outline what Im trying to do. After Im done ill ask for her input and go from there. So far from the times that I have talked to her she hasnt mind what im doing as long as I spend time with her and Cullen. I think she understands that if I can do this kind of work properly it will better our livelihood. I agree that if I have them as a support system then when a trade goes back I will have them here for me.

I really have been interested in learning this system because of the 4 times a day to trade. It seems to be that best times to make the trades are between 4 am and 8pm ( making trades at 4am 8am 12pm and 8pm. The 4pm candle would be a good one not to trade because the spread gets larger after the close of the us market). After making the last trade at 8pm walk away and dont look at anything again until the next morning. I think my plan would be to leave for the weekend after the 12pm trade on friday. My plan would be to start my trading week on sunday night at 8pm but this is all depending on seeing how trading the sunday 8pm candle would work out. I think posting this gives my word and now everyone can hold me to it! Im also going to share this with my wife so she can see that im sticking to my word.

Im off to start reading agreement #2

Shawn



Quoting HDA
@shawn3245:

You are a husband and a family man and I want you to understand what I'm about to share with you very very clearly.

Do not neglect your family for the Forex.

What I am going to be teaching you, will allow you to trade the forex and be the perfect husband and father at the same time and this is why it so important that you master AGREEMENT #1 in the FOUR AGREEMENTS.

It's very important to have a strong support system if one decides to go into...
  • #285
  • May 18, 2012 1:46pm May 18, 2012 1:46pm
Quoting gnomoneey
as you can see from previous attachment we resisted 1.0230 and dropped to first blue support and retraced. then with news we dropped to next blue support and then retraced again.

good for short scalp right now. imo we will see lower than 1.0137

what the hell is it back up for, attempting a double head?
  • #286
  • May 18, 2012 1:59pm May 18, 2012 1:59pm
Quoting shawn3245
Thanks for the response HDA

I couldnt agree with you more about choosing to do forex over my family. I think in a round about way you are teaching all of us this lesson when you tell us all that you are taking care of your father. If you really knew my life story you would really believe me when I say there is nothing that will tear me away from my small family!

I have talked about this with my wife several times before. I will talk with her again and explain the time commitment and outline what Im trying to do. After Im done ill ask for her input...
Shawn I've noticed that hda has mentioned the "four agreements" is there a book or something which I can read, there was a link with audio version but I couldn't download it, as my system shows error whenever I try that link.
  • #287
  • May 18, 2012 2:41pm May 18, 2012 2:41pm
Quoting wendel17
Shawn I've noticed that hda has mentioned the "four agreements" is there a book or something which I can read, there was a link with audio version but I couldn't download it, as my system shows error whenever I try that link.
wndel17,

I was unable to download the audio version but did a search and found a text version. I hope this is helpful.

http://www.epubbud.com/read.php?g=PEZLHAH2&p=1

Happy Trades,
fxstir
  • #288
  • May 18, 2012 2:58pm May 18, 2012 2:58pm
Quoting fxstir
wndel17,

I was unable to download the audio version but did a search and found a text version. I hope this is helpful.

http://www.epubbud.com/read.php?g=PEZLHAH2&p=1

Happy Trades,
fxstir

Thank you.
  • #289
  • May 18, 2012 3:04pm May 18, 2012 3:04pm
KillerWhale,

Thank you for starting this thread. I could not agree with you more about keeping this thread professional. I started reading the EUR:USD thread a few weeks ago. I found many posts there to be offensive, disrespectful and not constructive. Trading is a lonely business and I believe that together we can build a community in this thread that is respectful and committed to helping one another to become better traders.

Happy Trades,
fxstir

Quoting KillerWhale
And here a little bit about me:

I have been rude sometimes in the EU thread, calling people stupid. But really I did mean it at that time and I couldn't care less.
(The fun part was that most of the time I was right)

I don't want to do that here in my thread.

I want to make this a constructive thread where we all help each other with ideas that will benefit all of us.

So I'm thinking of more ideas to go into this thread.
  • #290
  • May 18, 2012 3:26pm May 18, 2012 3:26pm
HDA,

Sir, you impress me! It isn't just how you trade that impresses me, it is how you communicate with people. And, the sage advice you provide is priceless. It says a great deal about who you really are. Thank you for being such an inspiration and for your leadership. I have been trading for 3 years and I am still learning. I look forward to learning from you and KillerWhale and others in this thread.

Have a great weekend,
fxstir

Quoting HDA
@shawn3245:

You are a husband and a family man and I want you to understand what I'm about to share with you very very clearly.

Do not neglect your family for the Forex.

What I am going to be teaching you, will allow you to trade the forex and be the perfect husband and father at the same time and this is why it so important that you master AGREEMENT #1 in the FOUR AGREEMENTS.

It's very important to have a strong support system if one decides to go into forex...
  • #291
  • May 18, 2012 5:17pm May 18, 2012 5:17pm
Quoting ash_k
good to see u back...KW...
Thx pal
New voice message: Why are you calling me? If I need you, I'll call you!
  • #292
  • May 18, 2012 5:17pm May 18, 2012 5:17pm
Quoting rsg10z
killerwhale, im also going short at UCAD. i think it can go to at least 1.0050 considering its at the very top now. i hope so at least
My target is parity, it will get there sooner or later
New voice message: Why are you calling me? If I need you, I'll call you!
  • #293
  • May 18, 2012 5:25pm May 18, 2012 5:25pm
Quoting HDA
@Covux:

We will be heading back down. To trade the EUR/CAD you have to be very very very very patient. Most trades on this pair takes two sometimes three days to work out. The currency pait teaches patience.

There is strong resistance at 1.2960 which will help to keep the down trend intact

We however have to wait and see how the daily candle closes today to get better confirmation that the trend is holding
Respectfully,
HDA
That's what I thought too. but my longs took the set target of 1.3000 as profit.
I'm not complaining but if I would have been awake I would have had 70 pips more.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #294
  • May 18, 2012 5:25pm May 18, 2012 5:25pm
Quoting th3Mountain
what the hell is it back up for, attempting a double head?
As per HDA, we must follow the price of oil too. After the crash of the US stock market in 2008, I remember oil dropped to $33. Recently, oil dropped considerably, as low as $90 for a barrel of light crude today. Why? Economies are slowing down. China has been trying to slow down its economy for 3 years.

After the extortion of the US citizens money and future money, not to mention the debasement of its value, via TARP, QE1, QE2....3....., Monetary Easing or whatever you want to call it, the stock market magically recovered. Of course most retail traders were ruined and left the market. And need I mention the flash crash? Here is an interesting chart: http://chart.ly/tjxvuku

As most citizens don't trust the stock market anymore, what else can the current administration do to persuade them to vote for them again? Everyone feels pain at the gas pump. As economies around the world are slowing, why not build up reserves in order to help facilitate a drop in the price of gas before November?

Wed, May 9 10:30am USD, Crude Oil Inventories, Actual - 3.7M, Forecast 2.0M, Previous 2.8M

As Europe burns the USD has become stronger. Commodities are taking it on the chin and of course this is having an effect on the CAD.

Just something to consider IMHO.

Happy Trades,
fxstir
  • #295
  • May 18, 2012 5:26pm May 18, 2012 5:26pm
Quoting RMiranda
Hello KW, glad yuo are back. Can you please elaborate a little bit on the term "Parity"?
Parity is: 1 US dollar = 1 Canadian dollar
New voice message: Why are you calling me? If I need you, I'll call you!
  • #296
  • May 18, 2012 5:28pm May 18, 2012 5:28pm
Quoting pkimnyc
Killer,

Would you allow us to post eurusd related?
thanks in advance.
Yes PK, of course.
You're my friend so don't worry.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #297
  • May 18, 2012 5:36pm May 18, 2012 5:36pm
Quoting HDA
@shawn3245:

You are a husband and a family man and I want you to understand what I'm about to share with you very very clearly.

Do not neglect your family for the Forex.

What I am going to be teaching you, will allow you to trade the forex and be the perfect husband and father at the same time and this is why it so important that you master AGREEMENT #1 in the FOUR AGREEMENTS.

It's very important to have a strong support system if one decides to go into...
I'm sorry HDA I don't agree with you here.
I can make easily 20 pips scalping in the hours that you say: DO NOT TRADE.

There is no such thing as placing trades only at 4 hour intervals

You place trades (at least I do) at critical support and resistance levels.

They hardly ever come at the same time as your 4 hour schedule.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #298
  • Edited 6:06pm May 18, 2012 5:56pm | Edited 6:06pm
Quoting HDA

What Im teaching you will allow you only 4 opportunities to place a trade each day. 4am, 8am, 12pm and 8pm. Once your trade is place at those times you dont need to go back to the PC until 4hours later.
What I want to say here is that I strongly disagree with those times.
One perfect opportunity to place a trade is when the NY stock market opens. That is @ 9:30 Eastern.

I do agree with the 12PM (Eastern) or 30 minutes earlier since that is the London close time.

The 8 PM, I have no clue why you mention that, but I prefer NOT to trade the Asian markets.
In my opinion the only good out of Asia are the girls.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #299
  • May 18, 2012 5:58pm May 18, 2012 5:58pm
Quoting fxstir
As per HDA, we must follow the price of oil too. After the crash of the US stock market in 2008, I remember oil dropped to $33. Recently, oil dropped considerably, as low as $90 for a barrel of light crude today. Why? Economies are slowing down. China has been trying to slow down its economy for 3 years.


As Europe burns the USD has become stronger. Commodities are taking it on the chin and of course this is having an effect on the CAD.

Just something to consider IMHO.

Happy Trades,
fxstir

I agree, but I also think that the market is over valuing the dollar right now and it will correct itself in the coming weeks and things will calm down for awhile. Are you trading usd/cad right now?
  • #300
  • May 18, 2012 5:58pm May 18, 2012 5:58pm
Quoting jarhead
Good to have you back Killer. Great thread.
Thank you mate
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