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  • #704,921
  • Oct 9, 2012 8:14pm Oct 9, 2012 8:14pm
Assuming we are in wave 1 pullback in a bull channel starting 7.24 and assuming we are in wave 2 pullback of main wave one and assuming wave 2 of wave one pullback was a 5 wave affair and assuming 848 is the bottom of wave 2 pullback of main wave 1 pullback, we should get trace now? 2918 TO 2933 50 to 68%

Love you Forex factory.
Founder of Sutherland Wave Principle
  • #704,922
  • Oct 9, 2012 8:17pm Oct 9, 2012 8:17pm
Quoting Chicky
Draw a fib from 1.2927 to 1.2754. I am sure you already have these numbers somewhere on your charts.
I can see it now ...that 2739 - 2754 might be quite a support...it might bounce nicely from there
  • #704,923
  • Oct 9, 2012 8:22pm Oct 9, 2012 8:22pm
Quoting FineNumbers
I can see it now ...that 2739 - 2754 might be quite a support...it might bounce nicely from there
Yes, If not already from 1.2860 area.
The Thief of Wall Street
  • #704,924
  • Oct 9, 2012 8:24pm Oct 9, 2012 8:24pm
http://evalsmadeeasy.tripod.com/binoculars.gif ......................................................................................1.2803
  • #704,925
  • Edited 8:37pm Oct 9, 2012 8:25pm | Edited 8:37pm
i dont mess with divergence, long in the green 18 pips now

i have 6 strategies which i dont mind sharing the parameters of stop and type of trade

#1 scalp with the trend, 10 pip s/l target 5-10 pips. no more trades after making 10 pips for day or losing one trade for 10 pips, so max daily loss of 10 pips
(only the best setups for strat #1)

#2 scalp with the trend, 10 pip s/l, max daily loss 20 pips, unlimited amount of trades in a day, as long as the trades present themselves

#3 counter trend pullback (such as my long from 58). enter half the position, if goes in negative 20 pips, add the other half. if the first goes in negative 40 pips and 2nd in negative 20 pips, close both positions (for loss of 30 pips on the full position), max daily loss 30 pips (on full position)

#4 extreme exhaustive move (such as EA short) counter trend, stop loss 100pips, max daily loss 100 pips

#5 with trend trade, 30 pips stop loss (such as my short from 2983 yesterday), max daily loss 30 pips

#6 random scalping, with and against trend, when markets surge, show divergence, typically stop loss of 5 pips, target of about 5 pips. max daily loss 20 pips
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #704,926
  • Oct 9, 2012 8:27pm Oct 9, 2012 8:27pm
Quoting FineNumbers
anyone knows what happened to cloggie?
i like to know too
  • #704,927
  • Oct 9, 2012 8:31pm Oct 9, 2012 8:31pm
Quoting Chicky
Yes, If not already from 1.2860 area.
yeah that is a good fib level, but it got breached in my book
  • #704,928
  • Oct 9, 2012 8:36pm Oct 9, 2012 8:36pm
looking at 1.2840
  • #704,929
  • Oct 9, 2012 8:37pm Oct 9, 2012 8:37pm
Quoting FineNumbers
anyone knows what happened to cloggie?
He moved on. Sent me a pm that he finally achieved his target of $36m.
Message he left for you guys is "GTH"....................... OMG!
The Thief of Wall Street
  • #704,930
  • Oct 9, 2012 8:39pm Oct 9, 2012 8:39pm
Quoting Chicky
He moved on. Sent me a pm that he finally achieved his target of $36m.
Message he left for you guys is "GTH"....................... OMG!
wouldnt at all be surprised if you are serious

i would love to reach 1/10 of that so i can move on

although id never move on fully, just stop day trading once i was a market mover.. as it would be somewhat ineffective anyway (at least scalping)
Be hopeful in a winning position, and fearful in a losing position.
  • #704,931
  • Oct 9, 2012 8:41pm Oct 9, 2012 8:41pm
Quoting Rag2RichesFX
wouldnt at all be surprised if you are serious

i would love to reach 1/10 of that so i can move on

although id never move on fully, just stop day trading once i was a market mover.. as it would be somewhat ineffective anyway (at least scalping)
1/10th of his target would require you to start with $5m, ............he started with $50m.
The Thief of Wall Street
  • #704,932
  • Oct 9, 2012 8:44pm Oct 9, 2012 8:44pm
Quoting Chicky
He moved on. Sent me a pm that he finally achieved his target of $36m.
Message he left for you guys is "GTH"....................... OMG!
that guy was the best...when he used to post i can see and match every level of his, but i cant tell where it is going to bounce...i dont use any indicators
  • #704,933
  • Oct 9, 2012 8:49pm Oct 9, 2012 8:49pm
i sold GBP at 62, and closed it at 6126...strong fib level, and then it continued to drop...now EUR bounced off 2860 ...i would get pissed if it goes toward the 23 fib level, before it goes any lower
  • #704,934
  • Oct 9, 2012 8:51pm Oct 9, 2012 8:51pm
Quoting Chicky
He moved on. Sent me a pm that he finally achieved his target of $36m.
Message he left for you guys is "GTH"....................... OMG!
yes indeed he moved on
  • #704,935
  • Oct 9, 2012 8:52pm Oct 9, 2012 8:52pm
Quoting Chicky
1/10th of his target would require you to start with $5m, ............he started with $50m.
He used $50m to make $36m?
Yay! Pips for everyone!
  • #704,936
  • Oct 9, 2012 8:52pm Oct 9, 2012 8:52pm
Quoting FineNumbers
i sold GBP at 62, and closed it at 6126...strong fib level, and then it continued to drop...now EUR bounced off 2860 ...i would get pissed if it goes toward the 23 fib level, before it goes any lower

it's Asian session , We have our own plan , most of the time we like to to take stops of US and European session trader's as they take ours during their session
Mohan
  • #704,937
  • Oct 9, 2012 8:54pm Oct 9, 2012 8:54pm
Quoting Chicky
1/10th of his target would require you to start with $5m, ............he started with $50m.
and turned to $86 million you are saying?

very impressive, never met the guy but always hear about him

i would trade SP only too if i had that much, dividend yield on millions must be nice..
Be hopeful in a winning position, and fearful in a losing position.
  • #704,938
  • Oct 9, 2012 8:54pm Oct 9, 2012 8:54pm
Quoting Pipsforall
He used $50m to make $36m?
  • #704,939
  • Oct 9, 2012 8:57pm Oct 9, 2012 8:57pm
Quoting Rag2RichesFX
and turned to $86 million you are saying?

very impressive, never met the guy but always hear about him

i would trade SP only too if i had that much, dividend yield on millions must be nice..
Yeah, I still hear him saying muppets in my head when I'm on the right side of a great trade. lol
Yay! Pips for everyone!
  • #704,940
  • Oct 9, 2012 8:59pm Oct 9, 2012 8:59pm
Quoting Rag2RichesFX
and turned to $86 million you are saying?

very impressive, never met the guy but always hear about him

i would trade SP only too if i had that much, dividend yield on millions must be nice..
he would have called you a muppet
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