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  • #1,301
  • Apr 2, 2013 5:49am Apr 2, 2013 5:49am
Quoting Seneca pilot
When I made that post on No trade zones I really just pulled that chart out of thin air. I did not use any particular lines or prices which I felt were important. I think it is correct if I show you what my no trade zones are for today. This is the live chart right now and it shows the places where I am willing to take a stand on the Euro Dollar today. This may or may not help you with this particular method but I do not want you to adjust your thinking on this method based on a chart that I just marked up in a hurry to make the point for that particular...
Beautiful trades on EJ and GJ today. They moved up exactly at your lines.
No longer trading forex. Looking for full time job.
  • #1,302
  • Apr 2, 2013 7:06am Apr 2, 2013 7:06am
Quoting mmaker
Beautiful trades on EJ and GJ today. They moved up exactly at your lines.
EU was perfect today too. It was a nice day. My EJ exit could have been better but no complaints.
  • #1,303
  • Apr 2, 2013 12:15pm Apr 2, 2013 12:15pm
Quoting Seneca pilot
When I made that post on No trade zones I really just pulled that chart out of thin air. I did not use any particular lines or prices which I felt were important. I think it is correct if I show you what my no trade zones are for today. This is the live chart right now and it shows the places where I am willing to take a stand on the Euro Dollar today. This may or may not help you with this particular method but I do not want you to adjust your thinking on this method based on a chart that I just marked up in a hurry to make the point for that particular...
I just realized I posted the wrong chart. Here is EU with no trade zones in light blue and trade zones in dark blue.
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  • #1,304
  • Apr 3, 2013 3:52am Apr 3, 2013 3:52am
Some update on eurusd.

1hr chart:

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15min chart:

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Cheers!
  • #1,305
  • Edited 1:09pm Apr 3, 2013 3:55am | Edited 1:09pm
Quoting Seneca pilot
I just realized I posted the wrong chart. Here is EU with no trade zones in light blue and trade zones in dark blue. {image}
Seneca pilot,

I wonder if you can tell us if there is any special significant "levels" for GBPJPY at 140.931, EURJPY at 119.506, or EURUSD at 1.27944. I am practicing a technique called Hi-Lo Drill related to this thread, but I'm sure if your system already seen these levels then it could help my method too. They all bounced up hard for over 30pips.

http://www.forexfactory.com/anyone#95-list
Sorry I can only show one day's trading history as my live account is still at a loss overall. Days like this give me the motivation to continue trading.
Attached Image(s) (click to enlarge)
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  • #1,306
  • Apr 3, 2013 5:06am Apr 3, 2013 5:06am
Quoting anyone
Seneca pilot, I wonder if you can tell us if there is any special significant "levels" for GBPJPY at 140.931, EURJPY at 119.506, or EURUSD at 1.27944. I am practicing a technique called Hi-Lo Drill related to this thread, but I'm sure if your system already seen these levels then it could help my method too. They all bounced up hard for over 30pips. {image} {image} {image} {image}
Those are some crazy ass results. Respect =)
  • #1,307
  • Apr 3, 2013 8:41am Apr 3, 2013 8:41am
Quoting anyone
Seneca pilot, I wonder if you can tell us if there is any special significant "levels" for GBPJPY at 140.931, EURJPY at 119.506, or EURUSD at 1.27944. I am practicing a technique called Hi-Lo Drill related to this thread, but I'm sure if your system already seen these levels then it could help my method too. They all bounced up hard for over 30pips. {image} {image} {image} {image}
The GJ level is previous day low I have it on my feed as 140.94. EU level is also previous day low I have 27946. EJ level you posted does not line up with anything I do. Not sure where it came from other than a 50 level.
  • #1,308
  • Apr 4, 2013 1:30am Apr 4, 2013 1:30am
Hi all. I didn't read this thread, but I watched part of a Steve Mauro webinar and also read about the 'Market Makers Moves' elsewhere on the internet. If it's true that it takes millions of dollars to make the market move a few pips in one direction then last night the Market Makers really outdone themselves:

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And of course, as usual, they used 'The News' as perfect excuse:

Attached Image


Good thing I only left three trades on overnight (usdjpy, gbpjpy and eurjpy short), although it was on a live account
and it cost me some real money. Oh well, no way one could see this masterpiece of market manipulation coming...
I just had to ventilate some of the frustration I felt when I woke up just now and saw what had happened
to my trades (f***ing bast**ds!!!)

Be careful out there folks!
95% of the people don't believe 100% they can win, that's why they lose
  • #1,309
  • Apr 4, 2013 2:00am Apr 4, 2013 2:00am
Quoting Ronald123
Hi all. I didn't read this thread, but I watched part of a Steve Mauro webinar and also read about the 'Market Makers Moves' elsewhere on the internet. If it's true that it takes millions of dollars to make the market move a few pips in one direction then last night the Market Makers really outdone themselves: {image} {image} {image} {image} {image} {image} {image} And of course, as usual, they used 'The News' as perfect excuse: {image} Good thing I only left three trades on overnight (usdjpy, gbpjpy and eurjpy short), although it was on a live...
Sorry to hear you got caught by the BoJ announcement. It is always prudent to check ForexFactory Calendar for upcoming "red impact" news events if holding overnight. Never know what will happen just like FOMC or NFP.

I was lucky to catch the interim tops on EURJPY and GBPJPY using Hi-Lo Drill for small profits.
Attached Image(s) (click to enlarge)
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  • #1,310
  • Apr 4, 2013 2:14am Apr 4, 2013 2:14am
Quoting anyone
Sorry to hear you got caught by the BoJ announcement. It is always prudent to check ForexFactory Calendar for upcoming "red impact" news events if holding overnight. Never know what will happen just like FOMC or NFP. I was lucky to catch the interim tops on EURJPY and GBPJPY using Hi-Lo Drill for small profits. {image} {image}
Hi Anyone,
Can you post something about the Hi/Lo drill method?

Thanks a lot!
  • #1,311
  • Apr 4, 2013 2:50am Apr 4, 2013 2:50am
Let's study what cable and euro did. It matches very well the cycles we was tracking.
Here is the cable 1hr chart:

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It did what I was expecting, that was a consolidation away from peak and a PFH. The PFH was done yesterday.

And another good chart to study is the euro, 15min chart.
Here it is:

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But I have to say that I think euro is still in level 2 up, waiting for one more push up. And looking at its 1hr chart, we maybe can count yesterday's move up as this last level 3. It was a bit lower than its ADR but maybe it can be it.
Here is the chart:

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I know this level 3 is kind of weird because a basic tenant for levels is that it must the last level to be confirmed as a new level.
Also, this week is still very narrow in euro, with only 106 pips. Something is coming...
But if this count proves itself true, than the next 3 levels will be down. A break and close below the lows will confirm this structure.

Comments, suggestions and corrections are very welcome.

Cheers!
  • #1,312
  • Apr 4, 2013 3:00am Apr 4, 2013 3:00am
Quoting joaoborras
Hi Anyone, Can you post something about the Hi/Lo drill method? Thanks a lot!
SM talks about it in his course, and Jim followed up in his DMR sessions. There isn't much lecture slides except to practice it. It's like learning to bicycle or swim, no amount of slide presentation can "teach" it. Get hold of all of Jim's DMR videos, that helps. Don't ask "where" to get the videos, I think it's against FF rules.

I did something different from Jim though, instead of switching between 1hr to 15mins to 1mins, I actually use Range Bar chart set to 4pips. I hope to bring my live account out of deep losses so I can better elaborate on this topic. Right now I'm unqualified (no Myfxbook) so to speak.
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  • #1,313
  • Apr 4, 2013 3:09am Apr 4, 2013 3:09am
Quoting anyone
SM talks about it in his course, and Jim followed up in his DMR sessions. There isn't much lecture slides except to practice it. It's like learning to bicycle or swim, no amount of slide presentation can "teach" it. Get hold of all of Jim's DMR videos, that helps. Don't ask "where" to get the videos, I think it's against FF rules. I did something different from Jim though, instead of switching between 1hr to 15mins to 1mins, I actually use Range Bar chart set to 4pips. I hope to bring my live account out of deep losses so I can better elaborate...
Good stuff! Thanks mate! :-)
  • #1,314
  • Apr 5, 2013 5:28am Apr 5, 2013 5:28am
It's NFP day and prudence dictates that we should avoid trading the european session because it's either going to range narrowly sideways or move aggressively in one direction (and no chance to come onboard) until U.S. session.

However today noticed that both EURUSD and GBPUSD were holding the "00" round numbers at 1.2900 and 1.5200. Using Range Bar chart set to 4pips and trying to grab the lows, with some luck it worked OK.
Attached Image(s) (click to enlarge)
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  • #1,315
  • Apr 8, 2013 9:29pm Apr 8, 2013 9:29pm
Some notes on euro 15min charts:

Attached Image (click to enlarge)
Click to Enlarge Name: euro levels.jpg Size: 129 KB


Cheers!
  • #1,316
  • Edited 12:04pm Apr 10, 2013 11:25am | Edited 12:04pm
Who can help everyone by explaining what's going on with EUR/USD today? Quite a strange phenomenon if my analysis is right. I call it a 4-4 trade because the 3-3 trade, the trade that is supposed to be fundamental to SM teaching didn't work out well.

There are 4 levels of rise, with 4 intraday pushes/vector candles visible on 15M chart. Either that, or SM didn't see this coming himself....

Still not getting this whole thing right =(

* And what the heck is going on with all the JPY pairs? I keep seeing failed attempts to make a PFH on all those pairs. Does this mean the Market Maker is powerless against Government intervention?
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  • #1,317
  • Edited Apr 11, 2013 11:45am Apr 10, 2013 1:41pm | Edited Apr 11, 2013 11:45am
Sharing some Myfxbook live accounts that did well recently:

http://www.myfxbook.com/members/expe...markets/480432
http://www.myfxbook.com/members/MH60L/mh60l/522675
http://www.myfxbook.com/members/supe...usd-wow/489977
http://www.myfxbook.com/members/pips...service/344437
http://www.myfxbook.com/members/Nick...account/470386
http://www.myfxbook.com/members/Nick...account/407073
http://www.myfxbook.com/members/Stea...markets/336347
http://www.myfxbook.com/members/TPOT...urnalfx/527801

Click on History to study their individual trades. For sure these people don't count levels.

Seneca Pilot doing really well, check out his individual trades and his thread.
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No longer trading forex. Looking for full time job.
  • #1,318
  • Apr 10, 2013 2:10pm Apr 10, 2013 2:10pm
Yes, you gotta watch out for that.. If you study under SMMM he says the news is all BS and to not pay attention to it. You could always use that to your advantage and watch the news to trade away from what it is saying. I mean think about it, the market is completely manipulated, why would they give away their next move?

That sucks to hear, hopefully you can recover the losses.


Quoting Ronald123
Hi all. I didn't read this thread, but I watched part of a Steve Mauro webinar and also read about the 'Market Makers Moves' elsewhere on the internet. If it's true that it takes millions of dollars to make the market move a few pips in one direction then last night the Market Makers really outdone themselves: {image} {image} {image} {image} {image} {image} {image} And of course, as usual, they used 'The News' as perfect excuse: {image} Good thing I only left three trades on overnight (usdjpy, gbpjpy and eurjpy short), although it was on a live...
  • #1,319
  • Apr 10, 2013 2:34pm Apr 10, 2013 2:34pm
Really insightful thanks for this.

One person on that list had huge gains but was doing 3-5 pip trade at about 11mins each. Is that a scalper?

Check out this person
http://www.myfxbook.com/members/fore...xmaxims/510515

Quoting mmaker
Sharing some Myfxbook live accounts that did well recently: http://www.myfxbook.com/members/expe...markets/480432 http://www.myfxbook.com/members/MH60L/mh60l/522675 http://www.myfxbook.com/members/supe...usd-wow/489977 http://www.myfxbook.com/members/pips...service/344437 http://www.myfxbook.com/members/Nick...account/470386 http://www.myfxbook.com/members/Nick...account/407073...
  • #1,320
  • Apr 10, 2013 10:24pm Apr 10, 2013 10:24pm
Quoting mmaker
Sharing some Myfxbook live accounts that did well recently: http://www.myfxbook.com/members/expe...markets/480432 http://www.myfxbook.com/members/MH60L/mh60l/522675 http://www.myfxbook.com/members/supe...usd-wow/489977 http://www.myfxbook.com/members/pips...service/344437 http://www.myfxbook.com/members/Nick...account/470386 http://www.myfxbook.com/members/Nick...account/407073...
Quoting nightshade
Really insightful thanks for this. One person on that list had huge gains but was doing 3-5 pip trade at about 11mins each. Is that a scalper? Check out this person http://www.myfxbook.com/members/fore...xmaxims/510515
cheers

a few more to add to the mix

http://www.myfxbook.com/members/fxco...o-system/41297
these guys were killin' it ---and now kaboom http://www.myfxbook.com/members/birt...-eurusd/145575
http://www.myfxbook.com/members/TulipFX/kangaroo/68427


i am a sub with these guys and just banked a grip of pips
http://www.myfxbook.com/members/MPcapital
they seem to have very little dd when comparing to other sig providers Ive tried. been a sub for 5 months now.
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