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  • #1,421
  • Jan 22, 2013 7:35am Jan 22, 2013 7:35am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Took this trade strictly off the PA during the 1H candle forming the pinbar. Set TP at +10 because of the 200. Triggered in the following candle and closed +10. Price currently sitting on the 200 and reacting to it

+30 today
+10 yesterday
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  • #1,422
  • Jan 23, 2013 5:41am Jan 23, 2013 5:41am
I saw this morning didnt take it, 9er its valid for you?
http://screencast.com/t/H5yum99Uh
  • #1,423
  • Jan 23, 2013 11:53pm Jan 23, 2013 11:53pm
There was an absolutely perfect trade yesterday on the Eur/Usd - bat formation on the 15min, follow by a nice H&S formation right at that level. All the other majors were up against the dollar, so any dollar strength at all would send that puppy down. I got short 1.3329 and rode it down to the 1.33 BRN with 0 drawdown. I should have held on a little longer, but the /ES and DJ30 were on a tear upwards after Google and IBM had upward surprises. They don't come any easier than this. I wish these happened everyday like this.
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  • #1,424
  • Jan 24, 2013 4:13am Jan 24, 2013 4:13am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Toafdawg - I took that trade myself! Was a blast! I would have posted in here but I believe interest in this thread has died. I can't keep posting my trades for people to scrutinize if there is no added benefit to me. Although I have met a few very valuable contacts as a result of this thread and I would like to thank them personally now:

Mr. 54
NuNix
Indureitor
iqyu5an
Mr Pip (who I recommend you attend his thread!)

Anyone I didn't mention I apologize. Tomorrow I will delete Post #1 and wish you all the best of luck!

Quoting toafdawg
There was an absolutely perfect trade yesterday on the Eur/Usd - bat formation on the 15min, follow by a nice H&S formation right at that level. All the other majors were up against the dollar, so any dollar strength at all would send that puppy down. I got short 1.3329 and rode it down to the 1.33 BRN with 0 drawdown. I should have held on a little longer, but the /ES and DJ30 were on a tear upwards after Google and IBM had upward surprises. They don't come any easier than this. I wish these happened everyday like this.
  • #1,425
  • Jan 24, 2013 4:24am Jan 24, 2013 4:24am
Hi,

Shame about that but its your decision

You have the merit of targeting a modest 10 pips a day rather than targeting 100's (via pie in the sky methods)

Suspect that one of the reasons you have not had recent feedback was because people where on the wrong side of the trade................good news travels faster

I have eWaves now and having a play around with it, but, and I not absolutely sure, it looks to repaint !
  • #1,426
  • Jan 24, 2013 4:28am Jan 24, 2013 4:28am
Quoting 9er
Toafdawg - I took that trade myself! Was a blast! I would have posted in here but I believe interest in this thread has died. I can't keep posting my trades for people to scrutinize if there is no added benefit to me. Although I have met a few very valuable contacts as a result of this thread and I would like to thank them personally now:

Mr. 54
NuNix
Indureitor
iqyu5an
Mr Pip (who I recommend you attend his thread!)

Anyone I didn't mention I apologize. Tomorrow I will delete Post #1 and wish you all the best of luck!
Sorry to hear that 9er ... it's been a good thread. Stay in touch mate...
  • #1,427
  • Jan 24, 2013 4:31am Jan 24, 2013 4:31am
Quoting lucklogic
Hi,

Shame about that but its your decision

You have the merit of targeting a modest 10 pips a day rather than targeting 100's (via pie in the sky methods)

Suspect that one of the reasons you have not had recent feedback was because people where on the wrong side of the trade................good news travels faster

I have eWaves now and having a play around with it, but, and I not absolutely sure, it looks to repaint !
eWaves does repaint lucklogic - it shows the wave count according to Bill Williams logic, based on histogram values within the last 140 bars. Don't let that put you off, it's one of the best indicators going. Look out for W5s as these can get you into new motive waves when everyone else is still trading in the wrong direction
  • #1,428
  • Jan 24, 2013 5:01am Jan 24, 2013 5:01am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
It's all good 54. I appreciate your input and value your opinion also! I have your e-mail address and plan to stay in touch! Humble traders are a rare commodity in this day and age!

Quoting 547261646572
Sorry to hear that 9er ... it's been a good thread. Stay in touch mate...
  • #1,429
  • Jan 24, 2013 5:05am Jan 24, 2013 5:05am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Lucklogic to my knowledge ewaves does not re-paint. My best suggestion to you is to watch for the appearance of the trend line. When it occurs, stay close to your trade station as price almost always bounces right off it, or breaks it - either way if you position yourself properly you will capture some pretty handsome pips!

I am watching EU 1H right now as it it sideways but keeps bouncing off that trend line! I love the ewaves indicator as it is now part of my day to day trading arsenal. Stick with it - e-mail support at their website - they always reply to my queries!

Quoting lucklogic
Hi,

Shame about that but its your decision

You have the merit of targeting a modest 10 pips a day rather than targeting 100's (via pie in the sky methods)

Suspect that one of the reasons you have not had recent feedback was because people where on the wrong side of the trade................good news travels faster

I have eWaves now and having a play around with it, but, and I not absolutely sure, it looks to repaint !
  • #1,430
  • Jan 24, 2013 6:36am Jan 24, 2013 6:36am
Quoting 547261646572
eWaves does repaint lucklogic - it shows the wave count according to Bill Williams logic, based on histogram values within the last 140 bars. Don't let that put you off, it's one of the best indicators going. Look out for W5s as these can get you into new motive waves when everyone else is still trading in the wrong direction

Yeah I thought that it did, but respect your view and will stick with it. Could do with a scan to find the occurrences of W5 as spotting them looks easier said than done . Thanks
  • #1,431
  • Jan 24, 2013 6:37am Jan 24, 2013 6:37am
Im sorry hear that 9er, this is a very interesting thread and show a different point of view about trading but we must accept your decisssion. IŽd like that thread dont be deleted till some time pass ( a week at least if is possible), to give enough time for some member to download it for study. I find many things interesting for me and others.Well dont like loss the contact neither. Grateful for all.
  • #1,432
  • Jan 24, 2013 6:47am Jan 24, 2013 6:47am
Quoting lucklogic
Yeah I thought that it did, but respect your view and will stick with it. Could do with a scan to find the occurrences of W5 as spotting them looks easier said than done . Thanks
I believe snorm has another version in development, that will alert on a W5 as well as a dashboard that shows the wave counts across all pairs and timeframes. Not sure when he plans to release it to everyone. In the meantime, just keep an eye for when the 5 shows, check the higher timeframe to see if that lines up with a possible end of correction, and you can jump in on some great moves. Alternatively just go for a correction to the wave 4 after the 5 is confirmed. Easy pips with good R:R.
  • #1,433
  • Jan 24, 2013 9:06am Jan 24, 2013 9:06am
Do mean to use the indicator like this, see attachment

I watched a W5 develop and hit Target 2 price fib then at a new hourly bar the chart structure changed completely to show a possible 3W start and the W5 was removed from the chart

At the current Price Action this lines up with a resistance line

So go long ???
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.JPG Size: 158 KB
  • #1,434
  • Jan 24, 2013 9:21am Jan 24, 2013 9:21am
I enjoyed this thread, sorry to see you go. Its always refreshing to see another viewpoint. Good luck!
  • #1,435
  • Jan 24, 2013 9:43am Jan 24, 2013 9:43am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
All this week I have been monitoring the viewers in the thread. Four times yesterday I checked and there was ONE viewer, and that one viewer was ME. Very few contributors, very few postings other than mine and two or three other traders is dis-heartening (mentioned in my earlier post).

I put a ton of effort into starting this thread, and it seemed as if it would take off - but then just died. I won't delete the thread, I will continue to monitor it for the next 3 or 4 days for activity or interest. I'll post some charts (was pretty proud of my trade off the 1H EU trend line using ewaves!) but if the feedback remains lacking I am out of here. I can trade solo pretty easily; if no one wants my feedback or is willing to contribute I can't continue.

I love to help people but generally despise talking to myself.

You don't have to be a master trader to post in here. if you don't understand my style of trading ask

This is also why I thought it might be a good idea to introduce the Advanced AO (ewaves) - to set up a system that everyone can use.

I don't know maybe that is the direction we take this thread? Anyone up for learning a new indicator? I hate to end a good thing?
  • #1,436
  • Jan 24, 2013 9:44am Jan 24, 2013 9:44am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
4 traders viewing now, 1 is a member: 9er
  • #1,437
  • Jan 24, 2013 9:46am Jan 24, 2013 9:46am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Lucklogic - where is your AO? Expand the view of your chart, wait for a bullish divergent candle or formation and pull the trigger. You need that AO - but if that were me trading I would take that long

Quoting lucklogic
Do mean to use the indicator like this, see attachment

I watched a W5 develop and hit Target 2 price fib then at a new hourly bar the chart structure changed completely to show a possible 3W start and the W5 was removed from the chart

At the current Price Action this lines up with a resistance line

So go long ???
  • #1,438
  • Jan 24, 2013 10:26am Jan 24, 2013 10:26am
A W5 will appear when price is divergent with the W3. But ... as with traditional EW, a wave count isn't confirmed until price action gives the green light - and even then, new information can come along and change everything and we go back to beginning to do a re-count.

Looking for reversal signals, as 9er suggests, is the way to go; or, look for reflex point to breach; or look for a trendline break. That should get you into a wave 1 or wave a; failing that wait for a retrace and get in on the low of the wave 2 / b ...
  • #1,439
  • Jan 24, 2013 10:40am Jan 24, 2013 10:40am
OK

looking at the current time 16:36 CHFJPY ..............whats the call ...............all the ingredients are there

Pending Short 97.20 ???
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  • #1,440
  • Jan 24, 2013 3:53pm Jan 24, 2013 3:53pm
I'm happy to post trades each - however I am somewhat restricted with my work schedule. I have my own sort of style of trading that isn't necessarily dependent on harmonic formations. I like to look for confluence with fibs, S&D, S&R levels, trendlines, and 'traditional' formations. I'll continue to post here, but I hope that I'm not taking away from what is being taught.
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