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  • #791,601
  • Apr 25, 2013 8:01am Apr 25, 2013 8:01am
Quoting Tom_D_Trader
Think it is good idea to sell again ,3073 retest? Nah, cant be.
Don't know...want to add more shorts as well
COT: The precious data ignored
  • #791,602
  • Apr 25, 2013 8:04am Apr 25, 2013 8:04am
Quoting vlady1974
{quote} Nice one mate. BTW, I'm joining slightly under you @ 77 as I wanted to definitely see a failure of 83/86. But wanted to say I like the approach as the Sqr Root implies lowest interval. Just wanted to know how you apply the subtraction of the 0.5.... how do you do that... do you apply the sqr root to the swing hi/lo first then apply the 0.5? Is the .5 a "correction" adjustment?
Thanks. After finding the square root of the high (13200.7) the decimal point has to be moved four to the right, for this to work on currencies, then I have 114.894. If it's a top, you subtract on down. A low, you add on up. Subtracting two from 114.894 will give you the 360 degree price. -1 will give you 180 degrees. -0.50 is 90 degrees. -0.25 is 45 degrees, etc.....
Time turns trend. - W.D. Gann
  • #791,603
  • Apr 25, 2013 8:08am Apr 25, 2013 8:08am
Quoting devilaz
Seems like EU will be bearish soon. Unemployment claims is affecting it?
helpful post can if have this methods can you post it for me to rediscussed ?
Investing is SIMPLE but NOT EASY
  • #791,604
  • Apr 25, 2013 8:09am Apr 25, 2013 8:09am
Quoting 5percent
{quote}But breakout should tentatively have higher % of success if applied with good rm and mm, and RR. Stop loss is a must too.
Agreed. When I place my stop orders, I have at least a 1:4 RR, trying to move it to 1:5. Set and forget is a lot less stressful, too. Plan your trade, then trade your plan.
Time turns trend. - W.D. Gann
  • #791,605
  • Apr 25, 2013 8:10am Apr 25, 2013 8:10am
@ForExtraPips your trade looking nice

how do you manage it? or do u just wait for tp or sl
  • #791,606
  • Apr 25, 2013 8:11am Apr 25, 2013 8:11am
3060 H1 resistance level is now support?
Founder of Sutherland Wave Principle
  • #791,607
  • Apr 25, 2013 8:12am Apr 25, 2013 8:12am
Quoting vlady1974
{quote} Nice one mate.
Sorry. Just woke up, not enough coffee in me yet. After subtracting -0.25 or whatever increment number, then square that number, and you'll get your next price line.
Time turns trend. - W.D. Gann
  • #791,608
  • Apr 25, 2013 8:12am Apr 25, 2013 8:12am
Quoting suthmo
3060 H1 resistance level is now support?
maybe lets see the test, its close...
  • #791,609
  • Apr 25, 2013 8:14am Apr 25, 2013 8:14am
Quoting suthmo
3060 H1 resistance level is now support?
from the looks of it yes.
  • #791,610
  • Apr 25, 2013 8:15am Apr 25, 2013 8:15am
Quoting msetai
@ForExtraPips your trade looking nice how do you manage it? or do u just wait for tp or sl
I put my sl two pips above the current hourly high. I make them tight for scalping. If I'm wrong, I'm wrong, then move on for another set up. With tp I just look at the next horizontal line on my chart, based on squaring price, for possible next bounce.
Time turns trend. - W.D. Gann
  • #791,611
  • Apr 25, 2013 8:17am Apr 25, 2013 8:17am
Quoting ForExtraPips
{quote} I put my sl two pips above the current hourly high. I make them tight for scalping. If I'm wrong, I'm wrong, then move on for another set up. With tp I just look at the next horizontal line on my chart, based on squaring price, for possible next bounce.
sorry i was asking about when your position is in +++

do you still keep tp and sl levels the same or do you move sl into profit?
  • #791,612
  • Apr 25, 2013 8:20am Apr 25, 2013 8:20am
Quoting msetai
{quote} sorry i was asking about when your position is in +++ do you still keep tp and sl levels the same or do you move sl into profit?
Oh, on set and forget trades, I leave it alone. Scalping, I just leave it alone, because of the (price comes back up and retest) type scenario. Got burned too many times messing with the SL. If I were to leave it alone, I wouldn't have gotten stopped out.
Time turns trend. - W.D. Gann
  • #791,613
  • Apr 25, 2013 8:21am Apr 25, 2013 8:21am
Quoting ForExtraPips
{quote} Oh, on set and forget trades, I leave it alone. Scalping, I just leave it alone, because of the (price comes back up and retest) type scenario. Got burned too many times messing with the SL. If I were to leave it alone, I wouldn't have gotten stopped out.
oh i see, makes sense, that is such a sucky feeling, has happened to me several times

but even now when youre like +30 you wont lock in?
  • #791,614
  • Apr 25, 2013 8:22am Apr 25, 2013 8:22am
Quoting kuroro001
{quote} Don't know...want to add more shorts as well
And thats it. I got for a few beers again . Cover 1/6 of position so I can move stops above ,3085 and enjoying ride. I hope noone reads my posts. This really is disgrace of trading .
"I know one thing, that I know nothing." Sokrates
  • #791,615
  • Apr 25, 2013 8:24am Apr 25, 2013 8:24am
Away a couple of minutes, just to notice the drop....nice

Small support 1,303x....if cleared we may head to 1,3010 to challenge the daily low.
COT: The precious data ignored
  • #791,616
  • Apr 25, 2013 8:24am Apr 25, 2013 8:24am
3006 here we come
  • #791,617
  • Apr 25, 2013 8:25am Apr 25, 2013 8:25am
Quoting msetai
{quote} oh i see, makes sense, that is such a sucky feeling, has happened to me several times but even now when youre like +30 you wont lock in?
That's never really bothered me. Ever since I've improved on where to enter, I just let it ride. Nine pips to go.
Time turns trend. - W.D. Gann
  • #791,618
  • Apr 25, 2013 8:26am Apr 25, 2013 8:26am
Quoting Tom_D_Trader
{quote} And thats it. I got for a few beers again . Cover 1/6 of position so I can move stops above ,3085 and enjoying ride. I hope noone reads my posts. This really is disgrace of trading .
Nicely done mate!

Looks like in the process of clearing some supports.
If 1,3010 is out i may keep it for my old and beloved 1,292x
COT: The precious data ignored
  • #791,619
  • Apr 25, 2013 8:27am Apr 25, 2013 8:27am
I jump now too on the train SHORT EUR
  • #791,620
  • Apr 25, 2013 8:27am Apr 25, 2013 8:27am
I went long at 1.3040 SL at 1.2970
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