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Attachments: EJ_4H method
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EJ_4H method

  • #241
  • May 10, 2006 1:04am May 10, 2006 1:04am
bigballer,
I have mentionned this I think before that totally forget about fundamental when you are using enough big time frames. Just some news can make flurries on market. Fundamental for stocks are so important. But when using enough technical instruments you just need to know if there is a very important news on the way? If yes you just take care otherwise they will mislead you. It is joky that some sites drastically want to interpret moves with fundamentals. Really it is not possible that for such trading types you indicate proper and exact levels to enter, to exit and to pose oders or stops. They are totally interpretable, means that good for nothing in practice. In other words, this is like mass and energy, in astronomical speeds, mass and energy are the same things. You are expecting a sell-off regarding GDP, on the chart you find a reversal pattern like double top. These are the same. I can read your mind that you now have a question: So we can nicely use the fundamental at least as a confirmation or a part of our strategy. In fact, theoritically you are right. But what about if you know that these are some that know the figures or tamper with them for many reasons? So thiese are the cases that you will lose just because of regarding intensively to fundamental. Remember that I told PRICE IS THE BEST INDICATOR. Because no body can cheat on it.

I hope this helps, it's my personal opinion and any other suggestion or opinion is respectable.

Happy trading,
Ibo

Quoting bigballer
And what are you thoughts regarding what the FOMC does tomorrow??

EURUSD
GBPUSD
USDJPY

thanks
  • #242
  • May 10, 2006 1:42am May 10, 2006 1:42am
Hi Ibo,

In a previous post you showed an entry using a 123 chart a pattern as a confirmation entry. I was wondering if you have an opinion on which of the patterns work best as an entry or exit tool.

Thanks Lindsay
  • #243
  • May 10, 2006 2:09am May 10, 2006 2:09am
Lindsay,
Patterns are the most reliable tools; some will be covered in the thread and detailed tricks will be published for private members regarding their basic knowledge. Detailed info confuse and dissapoint newbies, and simple do the same for experienced. Different education system is a need. But I think I will write some examples of 123 pattern to confirm the entry in the next part.

Rgds,
Ibo

Quoting Lindsay
Hi Ibo,

In a previous post you showed an entry using a 123 chart a pattern as a confirmation entry. I was wondering if you have an opinion on which of the patterns work best as an entry or exit tool.

Thanks Lindsay
  • #244
  • May 10, 2006 5:00am May 10, 2006 5:00am
Thanks for your input IBO - yes, that was an aggressive play on my part. You will have to show me what to do and what to stay away from..

Mike


Quoting eurusdtrader
Mike,
You were aggressive, I hope you were not exhausted that force some traders to go amok, it was a nice gain but I think you risked too much. This is a game of waiting at the time, please don't lose the game easily. We have crosses that look better to be eyed.

Ibo
  • #245
  • May 10, 2006 5:33am May 10, 2006 5:33am
Dear all,

Please read the green lines in the very first page (post #1).

Tnx,
Ibo
  • #246
  • May 10, 2006 8:27am May 10, 2006 8:27am
Ibo,

Please comment on the Evening Star formation forming on the EUR/USD 4hr in relation to this method and set-ups for entry please.

Cheers,

ktrade
  • #247
  • May 10, 2006 10:29am May 10, 2006 10:29am
ktrade,
I could not see the evening star on my chart, please send me a snap of what you have on your chart.

Tnx,
Ibo

Quoting ktrade
Ibo,

Please comment on the Evening Star formation forming on the EUR/USD 4hr in relation to this method and set-ups for entry please.

Cheers,

ktrade
  • #248
  • May 10, 2006 10:35am May 10, 2006 10:35am
Quoting eurusdtrader
ktrade,
I could not see the evening star on my chart, please send me a snap of what you have on your chart.

Tnx,
Ibo
Well, I guess I'm still that anxious trader I thought I'd grown from. The last upward movement took out the Evening Star. I will wait for conformation next time.

ktrade
  • #249
  • May 11, 2006 12:36am May 11, 2006 12:36am
I believe that the USD is still likely to continue down. For that reason I would not like to enter any trades long USD. I would rather miss some trades or trade with the trend until I get a real swing up from the dollar.
The USD CHF is a good example of a tempting trade long USD that I choose for the time being to stay out of or short with the trend the next turn.

Any comments welcome
Attached Images
  • #250
  • May 11, 2006 1:51am May 11, 2006 1:51am
I've been faked out several times already by apparent pin bars. The best one was GBPUSD on 5/1. It hit my stop almost 5 pips exactly below the pin bar and then shot up to my stoploss. That was annoying.

Of course, now the reversal signs are getting pretty clear. I don't think there is any dollar weakness left that hasn't been taken care of by this long anti-dollar trend.

However, I'd say the market is sideways now. Most pairs haven't hit their major trendlines yet. I think I'll just buy low and sell high for a while.

What's weird is that it looks like every single pair has reversal signals, even the ones that have nothing to do with the dollar. I like that EURGBP is going up; That's a much-needed correction.
  • #251
  • Edited 11:04am May 11, 2006 10:57am | Edited 11:04am
Hello,

As many these days waiting for a reversal, I prefered to attach these snaps.
As I told in previous posts, we should get a confirmation, just some pips of swoon can not determine that the reversal is in place.The first one (eur1) is H4 illustrates that we have a good channel and any breakout and close beyind the support of the channel and BEYOND YELLOW LINE could be a confirmation.

look at the next picture (eur2) that is daily chart showing how the trend is decent, look at the swings and the retraces to the white line. the first support (that is stop loss for buyers) should break that we get enter short.

Who could tell that how we can get a confirmation sooner that dont lose many initial pips of reversal trend?

Rgds,
Ibo
Attached File(s)
File Type: zip eur.zip   28 KB | 448 downloads
  • #252
  • May 11, 2006 8:27pm May 11, 2006 8:27pm
Quoting eurusdtrader
Hello,

As many these days waiting for a reversal, I prefered to attach these snaps.
As I told in previous posts, we should get a confirmation, just some pips of swoon can not determine that the reversal is in place.The first one (eur1) is H4 illustrates that we have a good channel and any breakout and close beyind the support of the channel and BEYOND YELLOW LINE could be a confirmation.

look at the next picture (eur2) that is daily chart showing how the trend is decent, look at the swings and the retraces to the white line. the first support (that is stop loss for buyers) should break that we get enter short.

Who could tell that how we can get a confirmation sooner that dont lose many initial pips of reversal trend?

Rgds,
Ibo
IBO,


Thanks for the charts – they were very helpful to look at. In addition, I enjoyed reading part III.


I will take a stab at your question regarding how one might get a confirmation sooner rather waiting for the price to break out of the channel.


Although it would be best to wait until it did break the channel, one potential method is to study and understand price action and price bar analysis. One of the most important things the market can do during a trading day is to continue along the path of either hitting new highs or new lows for the day. This would also include assessing the speed and momentum of the price movement. This in conjunction with support and resistance may provide an early insight of a change in direction. Of course you also use proper trade entry techniques, tight stops and trailing stops if you think a reversal is taking place prior to the pricing breaking out of the channel.


Mike
  • #253
  • Edited 10:01pm May 11, 2006 8:57pm | Edited 10:01pm
IBO,

I posted a 4-H chart of the EUR/USD. You are going to yell at me again for being aggressive, but thought I would post my thought process and gain your feedback again.

One can clearly see the purple arrows point to a downward trend – we had three price bars to the downside, but analyzing the price bars, I could see that the strength of that downturn was losing steam. Price hit the bottom channel and moved upward – then we got the blue buy arrow.

Blue buy arrow, price losing momentum to the downside, failure to break the channel, and strong trend up. I bought the pair at at the blue upward arrow, and closed the position out at 1.2810 for a 97 pip gain.

This seemed to be what you were eluding to in Part III - re-entry techniques?

Thanks

Mike
Attached Image
  • #254
  • May 12, 2006 3:17pm May 12, 2006 3:17pm
Hello Mike and Kids,

Being aggressive is so good in cases that you take big profits with very tight stop ranges. I never yell at you of being aggressive, I just want to tell that you all, should respect your discipline and have reasons to enter.

Reentering includs many methods, one is 123 pattern that is my favorite pattern. I will talk about this in upcoming parts but for private members in advance.

Have a nice weekend,
Ibo

Quoting ForexMike
IBO,

I posted a 4-H chart of the EUR/USD. You are going to yell at me again for being aggressive, but thought I would post my thought process and gain your feedback again.

One can clearly see the purple arrows point to a downward trend – we had three price bars to the downside, but analyzing the price bars, I could see that the strength of that downturn was losing steam. Price hit the bottom channel and moved upward – then we got the blue buy arrow.

Blue buy arrow, price losing momentum to the downside, failure to break the channel, and strong trend up. I bought the pair at at the blue upward arrow, and closed the position out at 1.2810 for a 97 pip gain.

This seemed to be what you were eluding to in Part III - re-entry techniques?

Thanks

Mike
  • #255
  • May 12, 2006 7:36pm May 12, 2006 7:36pm
Quoting eurusdtrader
Hello Mike and Kids,

Being aggressive is so good in cases that you take big profits with very tight stop ranges. I never yell at you of being aggressive, I just want to tell that you all, should respect your discipline and have reasons to enter.

Reentering includs many methods, one is 123 pattern that is my favorite pattern. I will talk about this in upcoming parts but for private members in advance.

Have a nice weekend,
Ibo
Enjoy the weekend as well,

Take Care,

Mike
  • #256
  • May 12, 2006 11:46pm May 12, 2006 11:46pm
Ibo and others,

Thanks so much for sharing this incredible information. I've just started to look at it and do my due diligence, but I have to say I'm very impressed and excited to learn more. Hopefully I can catch up my reading over the weekend and setup MT4 so that I can really follow along with the flow of the thread.

Cope
  • #257
  • May 14, 2006 2:47pm May 14, 2006 2:47pm
Hello all,

About the private mentoring I can not post here, if anybody is interested in please email me at [size=3][color=deepskyblue][b][email protected][/b][/color][/size].

Rgds,
Ibo
  • #258
  • May 14, 2006 3:07pm May 14, 2006 3:07pm
Hello e-u-trader, hello all,

unfortunatly i didn't manage to go through all postings and wondered, if anybody
could - besides they are maybe already answered somewhere - give
me a hand on those followin' questions, please.

#1

In the first postin', there are EJ_4H_Methode_Part_I to III published. Am i
supposed to use them all, are there different or is the last one the up-to-date
version?

#2

Is there any aqustic notification (possible), if metatrader in compination with those indicators finds a good entry point?

#3

Is there any e-mail notification available? Since those entry points seem not
to be so often, i'd rather would have an SMS-Alertion on my cellular than a
chart i need to watch. An E-Mail would be redirected to my handy.

#4

What's the users experience with that system so far? Does it work good, is
it complicated or as easy to use as it seems like?


Best regards and great respect for the work you've done.

Please apologize, if i burst in the middle of a thread with those question. I'm
just curious, 'cause it seems to me like i've maybe missed an interestin' candy
in this forum i'd like to explore asap.

best regards,

Tony
  • #259
  • May 14, 2006 4:01pm May 14, 2006 4:01pm
eurusdtrader has been very generous in showing everyone this nice system and has answered everyones questions. I think Ibo deserves to have the right to tell people he offers private training. Please email him for more information at

[email protected]

I would like to thank you Ibo for your fantastic contribution...

Thanks Scott

Sorry I do not know what color the type is supposed to be...
  • #260
  • May 14, 2006 11:24pm May 14, 2006 11:24pm
Hello Tony,
You'r welcome!

The documents are parts of the method, not updated versions so you should read all them respectively.

Please read the initial posts that get a closer acquaintance with the method, I can not judge how is the method.

You are looking for a service rather than a method, so if you want to get signals easily try some and when you are satisfied register. This is a basical method and could be modified for the life style/taste of most of people. So accept the this gift and just try a bit, then you will find out what you should in time.

Rgds,
Ibo
Quoting tojoko
Hello e-u-trader, hello all,

unfortunatly i didn't manage to go through all postings and wondered, if anybody
could - besides they are maybe already answered somewhere - give
me a hand on those followin' questions, please.

#1

In the first postin', there are EJ_4H_Methode_Part_I to III published. Am i
supposed to use them all, are there different or is the last one the up-to-date
version?

#2

Is there any aqustic notification (possible), if metatrader in compination with those indicators finds a good entry point?

#3

Is there any e-mail notification available? Since those entry points seem not
to be so often, i'd rather would have an SMS-Alertion on my cellular than a
chart i need to watch. An E-Mail would be redirected to my handy.

#4

What's the users experience with that system so far? Does it work good, is
it complicated or as easy to use as it seems like?


Best regards and great respect for the work you've done.

Please apologize, if i burst in the middle of a thread with those question. I'm
just curious, 'cause it seems to me like i've maybe missed an interestin' candy
in this forum i'd like to explore asap.

best regards,

Tony
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