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Fail Better

  • #4,941
  • Dec 29, 2012 10:49pm Dec 29, 2012 10:49pm
Long time lurker, great thread

Thoughts?
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  • #4,942
  • Dec 31, 2012 11:44pm Dec 31, 2012 11:44pm
Happy New Years everyone.
Wishing everyone the best this year,
-Mezzy
  • #4,943
  • Jan 2, 2013 1:29am Jan 2, 2013 1:29am
Been watching some charts/ideas from the past and it is nice to see some coming to fruition:

AudioSlaves NZDUSD

http://www.forexfactory.com/showthre...44#post6226644

Result:

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My WHEAT :

http://www.forexfactory.com/showthre...36#post6227236

Result:

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Happy New Year!
I don't need easy. I just need possible.
  • #4,944
  • Edited 8:38am Jan 2, 2013 4:43am | Edited 8:38am
Is someone in the eur/usd gap play as well? so far its going quite nicely.

/e got stopped out be. lets see what would have happened if i didnt move SL breakeven...

/eČ well, who would have thought oft that. 3 hours later price is continuing in the right direction. i need to learn to keep my hands off a trade once iam in. ive made this mistake a few times before and it feels way worse to pass on a potential winner than experiencing a loser. anyone of you guys got the same problematic and can give me some advise how to deal with it?
  • #4,945
  • Jan 2, 2013 9:58am Jan 2, 2013 9:58am
Dave would you mind posting your chart?
I only had a small gap on my chart and shortly after price jumped a good bit of pips due to fiscal policy being voted in.
It is now falling, so I'm assuming you got in after the news spike?

Cheers,
Mez
  • #4,946
  • Jan 2, 2013 10:15am Jan 2, 2013 10:15am
Sure, as soon as iam at home ill post the chart. Right now iam at work. When iam at work iam only able to watch the market via the 'Market' Tab here on FF or via my iphone. Not being able to do proper charting while trying to make correct trade decisions is a pain in the ass.
  • #4,947
  • Jan 2, 2013 10:25am Jan 2, 2013 10:25am
Here you go. I hope a screenshot of my trading app is ok. The feed is fxcm.

http://www.forexfactory.com/www.ablo...imageilczt.jpg
  • #4,948
  • Jan 2, 2013 10:35am Jan 2, 2013 10:35am
Quoting daveone
Here you go. I hope a screenshot of my trading app is ok. The feed is fxcm.

http://www.forexfactory.com/www.ablo...imageilczt.jpg
Pic's not showing up for me, no rush, just curious. I ended up purchasing one of the new 11.6 asus laptops for work. And I use my gIII to tether using 3/4g data.

http://www.bestbuy.com/site/Asus+-+1...&skuId=6835267

Allows me to chart properly, something a tablet cant do.
Merry christmas to me
  • #4,949
  • Jan 2, 2013 2:31pm Jan 2, 2013 2:31pm
AU Speculation,

RR Looks really nice on my chart, large pinbar formed at current level which I have marked as resistance 1.04950
Best I can do for chart is FF screenshot atm.

Opinions?

I just threw in a fib there as well, from the bottom of accumulation to the top of the pinbar, 61.8 retrace would land right at the top of the accumulation for a target of 1.04130 or if your being conservative a tp at the 50.0 fib would be 1.04350 seems like a nice setup, I'm going to take it. (demo)
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  • #4,950
  • Edited 3:14pm Jan 2, 2013 2:42pm | Edited 3:14pm
http://content.screencast.com/users/...3-20.41.38.png

Scratched . not Liking it now

http://content.screencast.com/users/...3-21.13.41.png
  • #4,951
  • Jan 2, 2013 3:15pm Jan 2, 2013 3:15pm
Why not?

Just mark the 38.2 as your FTA, seems good to me, its pausing at the 38.2 so why wouldnt it respect the 50. What's your thought process?

Personally I think the price will push down into the initial break area of 1.6185x? I'm guessing. Then after it will spring back to 38.2

Quoting trader8080
http://content.screencast.com/users/...3-20.41.38.png

Scratched . not Liking it now
  • #4,952
  • Jan 2, 2013 4:52pm Jan 2, 2013 4:52pm
Quoting Mezzy
Pic's not showing up for me, no rush, just curious. I ended up purchasing one of the new 11.6 asus laptops for work. And I use my gIII to tether using 3/4g data.

http://www.bestbuy.com/site/Asus+-+1...&skuId=6835267

Allows me to chart properly, something a tablet cant do.
Merry christmas to me

hey mezzy. i was just checking my oanda feed at home. it is showing a gap of only about 10 pips or so. strange. the fxcm feed on my iphone app showed something like 90 pips. thats why i took the trade. hopefully ill manage to upload the screenshot tomorrow. the nightly round of poker took me a little bit too long and ive got to get up early tommorow, sorry.
  • #4,953
  • Jan 2, 2013 5:10pm Jan 2, 2013 5:10pm
Quoting daveone
hey mezzy. i was just checking my oanda feed at home. it is showing a gap of only about 10 pips or so. strange. the fxcm feed on my iphone app showed something like 90 pips. thats why i took the trade. hopefully ill manage to upload the screenshot tomorrow. the nightly round of poker took me a little bit too long and ive got to get up early tommorow, sorry.
lol all good.

My Oanda and MB trading feeds both have about a 10 pip gap, I've seen others posted around FF showing 90+pip gaps crazy. Just shows that my brokers I have to watch a little bit longer to see if gap plays work out, rather than pulling the trigger right off the open. It's not the first time it's been like this.
  • #4,954
  • Jan 2, 2013 10:04pm Jan 2, 2013 10:04pm
Is this the "most profitable setup" that Tom teaches?

SFP in the direction of the gap ?

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I don't need easy. I just need possible.
  • #4,955
  • Jan 3, 2013 3:01am Jan 3, 2013 3:01am
Quoting trader8080
http://content.screencast.com/users/...3-20.41.38.png

Scratched . not Liking it now

http://content.screencast.com/users/...3-21.13.41.png
It looks great to me!
Why scratch that easily? One is h1 other is d1! If you manage correctly and not expecting a 5R move, looks profitable

Just my view of course
  • #4,956
  • Jan 3, 2013 3:04am Jan 3, 2013 3:04am
Quoting DaGrizlyBull
Is this the "most profitable setup" that Tom teaches?

SFP in the direction of the gap ?

Attachment
Good spot
  • #4,957
  • Edited 10:46am Jan 3, 2013 9:57am | Edited 10:46am
sfp w/ gap. off previous support.

edit: not messing around with this one. no divergence. brn 1.0500 below. stop lowered. moving to BE at 1.0512.
edit: out at resistance.
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  • #4,958
  • Jan 3, 2013 12:53pm Jan 3, 2013 12:53pm
Am I the only one not seeing a gap?
  • #4,959
  • Jan 3, 2013 12:55pm Jan 3, 2013 12:55pm
I dont see one
  • #4,960
  • Jan 3, 2013 12:58pm Jan 3, 2013 12:58pm
Anyone for Silver?
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