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Amazing Black Magic Trading Method

  • #181
  • Jul 15, 2012 7:15pm Jul 15, 2012 7:15pm
since the EurUsd was a little bit bumpy for the last month, I will wait till we break the 50 fib level, then until we reach the low of 2010. after this point, if there is no improvement, I will aim for Fib 61.8


ps : have you guys seen how the price bounce off the fib 50. If I had taken a look at the monthly chart on friday, I would have made 80 pip of profit. Fib level are stronger with higher time-frame I guess
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Alternatives are more important than the plan itself
  • #182
  • Jul 15, 2012 7:17pm Jul 15, 2012 7:17pm
Quoting -Melo-
since the EurUsd was a little bit bumpy for the last month, I will wait till we break the 50 fib level, then until we reach the low of 2010. after this point, if there is no improvement, I will aim for Fib 61.8
By the way, I will trade the bounce from Fib 61.8, this level will be a very strong level of support. I mean very big
Alternatives are more important than the plan itself
  • #183
  • Jul 15, 2012 7:39pm Jul 15, 2012 7:39pm
Quoting -Melo-
will you keep your longs open ???
If 1.2250 becomes a support. I am waiting for it to cross and remain above 1.2280, if it does, will try to bring stoploss (margin call) at BE and rest for few weeks, probably months.
The Thief of Wall Street
  • #184
  • Jul 16, 2012 1:49pm Jul 16, 2012 1:49pm
Quoting Chicky
If 1.2250 becomes a support. I am waiting for it to cross and remain above 1.2280, if it does, will try to bring stoploss (margin call) at BE and rest for few weeks, probably months.
4.2 lots long. Jesse will wait until its time for a killing or a margin call. Will move sl to BE if it remains above 1.2280
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The Thief of Wall Street
  • #185
  • Jul 16, 2012 10:13pm Jul 16, 2012 10:13pm
Quoting Chicky
4.2 lots long. Jesse will wait until its time for a killing or a margin call.
Jesse is very risky businessman, I see
  • #186
  • Jul 17, 2012 9:13am Jul 17, 2012 9:13am
Quoting duyk20
Jesse is very risky businessman, I see
Yes, he was in a very risky business.

It didn't stay above 1.2280, therefore Jesse went short with 4 lots.
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The Thief of Wall Street
  • #187
  • Jul 17, 2012 9:23am Jul 17, 2012 9:23am
Quoting Chicky
Yes, he was in a very risky business.

It didn't stay above 1.2280, therefore Jesse went short with 4 lots.
Jesse is fucking around. He again went long with 4 lots.
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The Thief of Wall Street
  • #188
  • Jul 17, 2012 9:32am Jul 17, 2012 9:32am
Quoting Chicky
Jesse is fucking around. He again went long with 4 lots.
5 lots long. Margin call now at $6,200
The Thief of Wall Street
  • #189
  • Jul 17, 2012 10:08am Jul 17, 2012 10:08am
Quoting Chicky
5 lots long. Margin call now at $6,200
Jesse is not sure now, and therefore rests. All positions closed.
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The Thief of Wall Street
  • #190
  • Jul 17, 2012 10:48am Jul 17, 2012 10:48am
Quoting Chicky
Jesse is not sure now, and therefore rests. All positions closed.
Jesse saw something and went short with 5 lots.
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The Thief of Wall Street
  • #191
  • Jul 17, 2012 11:07am Jul 17, 2012 11:07am
Quoting Chicky
Jesse saw something and went short with 5 lots.
Added 0.2 lots. Now short with 5.2 lots and margin call at $6,400
The Thief of Wall Street
  • #192
  • Jul 17, 2012 12:19pm Jul 17, 2012 12:19pm
Quoting Chicky
How many have balls strong enough to short euro now?
Me .

Nice thread Chicky.

T
"I know one thing, that I know nothing." Sokrates
  • #193
  • Jul 17, 2012 1:10pm Jul 17, 2012 1:10pm
Quoting Tom_D_Trader
Me .

Nice thread Chicky.

T
Good. Happy to hear that.

Getting a sense of Jesse's method after this experiment. Its very risky but more rewarding than I initially thought. Trying to find a way how to create a balance. Still trying. I am now convinced that his method depends on nothing but calculations and general market trend.
The Thief of Wall Street
  • #194
  • Jul 17, 2012 1:21pm Jul 17, 2012 1:21pm
Quoting Chicky
4.2 lots long. Jesse will wait until its time for a killing or a margin call. Will move sl to BE if it remains above 1.2280
Chicky, I am confused

Are you using SL's , or did you mean you were going to add more, to cause the MC to occur at so that you would be at BE?

I know this is after the fact, and you have since shorted - but I am trying to get an understanding of this voodoo that you do
  • #195
  • Jul 17, 2012 1:47pm Jul 17, 2012 1:47pm
Quoting almo
Chicky, I am confused

Are you using SL's , or did you mean you were going to add more, to cause the MC to occur at so that you would be at BE?

I know this is after the fact, and you have since shorted - but I am trying to get an understanding of this voodoo that you do
Again Long with 4.5 lots.

1.2250 is a strong support/resistance. I am trying to set a postion here.

Let me explain what I did today.

1. When it failed to break 1.2280, I went short.
2. Played a bounce near 1.2225/1.2200.
3. Went short near 1.2240 because of 1.2250 resistance above.
4. When it broke 1.2250 once again have entered long. Since NY session failed to break 1.2250 despite a good attempt, taking chance of a long for London session. But today is Tuesday, and London normally does not follow Moday's direction. This is a risk. Let's see how it goes.

One good thing about Jesse's method I like is that one can always come back after falling hard.
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The Thief of Wall Street
  • #196
  • Jul 17, 2012 9:10pm Jul 17, 2012 9:10pm
Quoting Chicky
Jesse saw something and went short with 5 lots.
what did Jesse see ??
Alternatives are more important than the plan itself
  • #197
  • Jul 17, 2012 10:02pm Jul 17, 2012 10:02pm
thank, very interesting post, I will definitely keep my self updated..
  • #198
  • Jul 18, 2012 9:12pm Jul 18, 2012 9:12pm
Quoting -Melo-
what did Jesse see ??
Never mind. It doesn't matter now......................... he saw a long-term resistance
The Thief of Wall Street
  • #199
  • Jul 22, 2012 8:44pm Jul 22, 2012 8:44pm
Quoting Chicky
Never mind. It doesn't matter now......................... he saw a long-term resistance
Jesse was bloody rigth, but he got deceived. Was it fourth or fifth margin call?

Anyway, will be going long again. But don't know when.
The Thief of Wall Street
  • #200
  • Jul 23, 2012 12:06am Jul 23, 2012 12:06am
Quoting Chicky
Jesse was bloody rigth, but he got deceived. Was it fourth or fifth margin call?

Anyway, will be going long again. But don't know when.
Trying a long bounce from here. This is not a Jesse Livermore trade, just a scalp.
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The Thief of Wall Street
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