My Iced Latte, Sandwich, Beer, and Midnight Randevous Trading Method | Page 11 | Forex Factory

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My Iced Latte, Sandwich, Beer, and Midnight Randevous Trading Method

  • #201
  • Dec 28, 2012 7:55am Dec 28, 2012 7:55am
Wow... lots of activity. I am going to be on the road this morning and then at my sisters before going home. I will get back here to address posts when I can.
"Keep your eyes on the helpers" - Mr. Rogers
  • #202
  • Dec 28, 2012 1:13pm Dec 28, 2012 1:13pm
Ultimately you can do what you want, but to me, this is bouncing around the middle of the channel and there may even be a chance that you would still be holding a short from a few weeks ago. I would not be looking to go long right about now.


Quoting Winner1245
Trendchannel when combined with horizontal supp/resistnc
but in the above gbpusd when i want to draw a hori support , all i can see is the clumsiness from october ??
i do get a nice support level from October 3/4.
price might go up though.

I was thinking this on CADCHF

Same on gbpchf
i can buy now or sell at 0.9290 tp at 0.9150
Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #203
  • Dec 28, 2012 1:20pm Dec 28, 2012 1:20pm
My entry would be at 1.2608

Quoting Winner1245
AUDNZD daily
A proven support turned resistance level
and a touch to the upper trendline
1.2600 level to go short??

Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #204
  • Dec 28, 2012 1:22pm Dec 28, 2012 1:22pm
Have to let go of the expectations, and just react to what happens

Quoting Winner1245
i was expecting this
A touch to the lower blue lines
Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #205
  • Dec 28, 2012 1:26pm Dec 28, 2012 1:26pm
I am still long nzdjpy.. nice 80 pips, but I think that you will be cutting yourself short if you don't try to get as much out of each trade as you can. Checking weekly and monthly resistence is important, and I would not worry about eurasu short. That is in a huge uptrend. I would be looking for the entry back up off the lower trend line.

Quoting Winner1245
Got a Super entry on Nzdjpy
Retest of previous major resistance (now support)
closed it for 80pips
Attachment



Both Eurnzd and Euraud hit major resistance on weekly

Attachment


A textbook entry using this system With resistance above

A tweezer top
Attachment

Trendchannel its kind of squeezed together on ,
confused ,
Attachment
"Keep your eyes on the helpers" - Mr. Rogers
  • #206
  • Jan 1, 2013 11:01am Jan 1, 2013 11:01am

Happy 2013

May you all have things you are greatful for upon reflection. And that you always keep those things sacred.

Live Life Large,

Dust

"Keep your eyes on the helpers" - Mr. Rogers
  • #207
  • Edited 4:50pm Jan 1, 2013 2:54pm | Edited 4:50pm
I decided to just take a long extended break over the holiday season so I'm now back in the flow. I'm going to go back and get caught up on the last few pages of the thread and then I will be good to go. After doing some thinking over the break I had to come to the conclusion that I have to continue to scalp for the time being. Since my trading account is not adequate enough to trade strictly off the daily charts (boy I can't wait until it is) I have to continue to scalp to build up my account.

Chat later as I need to start reading to get caught up on the thread.
  • #208
  • Jan 1, 2013 3:25pm Jan 1, 2013 3:25pm
I don't know that it matters, but you can trade 20 pairs on the daily chart with a 1:50 leverage for 800 to 1000 dollars, and that is with the ability to martingale a few trades if you ever have to get that far. So, maybe you don't need as much money in your account as you think you do. Just thought that I would mention it.

Quoting Donatello
I decided to just take a long extended break over the holiday season so I'm now back in the flow. I'm going to go back and get caught up on the last few pages of the thread and then I will be good to go. After doing some thinking over the break I had to come to the conclusion that I have to continue to scalp for the time being. Since my trading account is not adequate enough to trade strictly off the daily charts (boy I can't wait until it is) I have to continue to scalp to build up my account.

I will start my own thread for that so don't worry,...
"Keep your eyes on the helpers" - Mr. Rogers
  • #209
  • Jan 1, 2013 4:42pm Jan 1, 2013 4:42pm
Yes, I remember you saying that in the past but I'm not in that situation yet. I currently have less than $20 in my trading account. I just wanted to be part of this thread because it is how I want to be trading when it's all said and done. I'm still going to be part of this thread on a active basis. I will just scalp to grow my account and try to deposit funds as I get them.

When you get a chance check your PM. I just sent you a message.

Quoting damonl
I don't know that it matters, but you can trade 20 pairs on the daily chart with a 1:50 leverage for 800 to 1000 dollars, and that is with the ability to martingale a few trades if you ever have to get that far. So, maybe you don't need as much money in your account as you think you do. Just thought that I would mention it.
  • #210
  • Jan 1, 2013 5:56pm Jan 1, 2013 5:56pm
Hi Dust,

Happy New Year and much success in 2013 to you and the followers of this thread.

I have read this thread a few times but am still unclear on how you draw the Trend line - i.e. the candles you choose to connect. Would really appreciate if you could explain it once again.

Thanks
Dot



Quoting damonl
[center]Happy 2013

May you all have things you are greatful for upon reflection. And that you always keep those things sacred.

Live Life Large,
...
Dot
  • #211
  • Jan 2, 2013 6:58am Jan 2, 2013 6:58am
Hey Dot:

I h ave decided to share my secret in the first thread. I wan't sure if I wanted to, but what the heck. It really not be that much of a secret anyway, but I know that no one else I know of draws trendlines like this. Enjoy, I hope you like it and would love to see some of your chart examples when you feel up to it!

Quoting dot
Hi Dust,

Happy New Year and much success in 2013 to you and the followers of this thread.

I have read this thread a few times but am still unclear on how you draw the Trend line - i.e. the candles you choose to connect. Would really appreciate if you could explain it once again.

Thanks
Dot
"Keep your eyes on the helpers" - Mr. Rogers
  • #212
  • Jan 2, 2013 7:21am Jan 2, 2013 7:21am
Happy New year:

Did you get a chance to reset your order? I know it was hard with the holidays around, but I try to make it a practice to either reset an order that gets stoped our or recalculate the location and then set the order as long as all other trading conditions are good. Not to worry though. With these big moves that happened recently, we should have plenty of setups to look forward to.

Quoting FerruFx
SL hit ...
"Keep your eyes on the helpers" - Mr. Rogers
  • #213
  • Jan 2, 2013 4:13pm Jan 2, 2013 4:13pm
Just wanted to drop in and wish many profits for everybody this year. Keep your eyes on your prize and work towards it one step at a time and never give up.
  • #214
  • Jan 2, 2013 4:46pm Jan 2, 2013 4:46pm
Right back at ya! All the best for 2013 and beyond.

Quoting Donatello
Just wanted to drop in and wish many profits for everybody this year. Keep your eyes on your prize and work towards it one step at a time and never give up.
"Keep your eyes on the helpers" - Mr. Rogers
  • #215
  • Jan 2, 2013 6:05pm Jan 2, 2013 6:05pm
Nothing new to report today. It was hard to catch all moves with the holidays and the large gap, but there are plenty of trades in the making.
"Keep your eyes on the helpers" - Mr. Rogers
  • #216
  • Jan 3, 2013 9:17pm Jan 3, 2013 9:17pm
Thanks Dust. I am still digesting what you have described. I will check it against some of the charts where you have shown your Trend lines.



Quoting damonl
Hey Dot:

I h ave decided to share my secret in the first thread. I wan't sure if I wanted to, but what the heck. It really not be that much of a secret anyway, but I know that no one else I know of draws trendlines like this. Enjoy, I hope you like it and would love to see some of your chart examples when you feel up to it!
Dot
  • #217
  • Jan 4, 2013 12:23am Jan 4, 2013 12:23am
How is the trading coming along for everybody? I've been focusing my trading so far this week on scalping as I'm undercapitalized for this method right now. I'm up 29.81% so far this week so I'm having a very nice week. My goal is 10% profit per month so I'm doing great thusfar.

Don't forget that today is NFP and trading during the time the numbers are released is can be very dangerous so be very careful.
  • #218
  • Jan 4, 2013 1:36am Jan 4, 2013 1:36am
We arn't quite at set-up points yet. So I guess I would say that I am enjoying the fact that I don't have to scalp. LOL You mentioned that you have a very small account which means your risk is above what you might normally do. Watch your mindset and how it changes to using that kind of risk as your account gets much bigger.. LOL For me, it was like learning to trade all over again.Good luck bro!
Quoting Donatello
How is the trading coming along for everybody? I've been focusing my trading so far this week on scalping as I'm undercapitalized for this method right now. I'm up 29.81% so far this week so I'm having a very nice week. My goal is 10% profit per month so I'm doing great thusfar.

Don't forget that today is NFP and trading during the time the numbers are released is can be very dangerous so be very careful.
"Keep your eyes on the helpers" - Mr. Rogers
  • #219
  • Jan 4, 2013 1:50am Jan 4, 2013 1:50am
Haha...good one! Actually I'm risking 2% per trade, based on a 20 pip stop loss. So my risk is still very reasonable, at least I think so. Yeah as my account grows, I want to lower my risk to 1% risk per trade based on a 20 pip stop loss. Thanks for the concern and well wishes though. I soak it all up like a sponge.

I'm done trading for the day now and the week also. I surely can't wait until the days when I don't have to scalp and can sit back and chill like you have been. I think next week will provide some signals for you to pounce on.

Quoting damonl
We arn't quite at set-up points yet. So I guess I would say that I am enjoying the fact that I don't have to scalp. LOL You mentioned that you have a very small account which means your risk is above what you might normally do. Watch your mindset and how it changes to using that kind of risk as your account gets much bigger.. LOL For me, it was like learning to trade all over again.Good luck bro!
  • #220
  • Jan 4, 2013 1:52am Jan 4, 2013 1:52am
Sent you a PM damonl.
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