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Ramblings of a Forex Junkie

  • #2,841
  • Apr 29, 2013 7:30pm Apr 29, 2013 7:30pm
nice banter today... love it
tradewith60
  • #2,842
  • Apr 29, 2013 9:31pm Apr 29, 2013 9:31pm
Going through charts for the day../CL playing perfectly off the weekly high
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  • #2,843
  • Apr 29, 2013 9:45pm Apr 29, 2013 9:45pm
Quoting bevan555
I will make sure i go through this thread from the beginning, with all the other sources i'm trying to learn from this will keep me busy for while, any other advice from anyone will be greatly welcomed otherwise i shall stop butting in on your thread and go off and do some homework for a few months Cheers again!
Yes, just learn from Seneca Pilot the only source, he's here to answer questions so don't wander about elsewhere thinking of other courses to take. Really you should just get on with it and start learning from the first page of this thread. Your search ends here. Take action now.

Another thing, make sure you use a tool like Myfxbook or TradeExplorer. People selling you courses will never show their real trading performance. With Myfxbook or TradeExplorer, you can see who's being truthful about trading.
No longer trading forex. Looking for full time job.
  • #2,844
  • Apr 29, 2013 9:46pm Apr 29, 2013 9:46pm
i thought you guys were just rambling we talking real trades ?

ok here's what i'm looking at.. just 1 of a dozen..


GBPUSD ready to setup for a nice long position. 2 points of view here.

any thoughts ?
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  • #2,845
  • Apr 30, 2013 1:43am Apr 30, 2013 1:43am
Quoting Seneca pilot
{quote} Use the ema reading to get your stop. Right now the ema for EJ is 1.5251. 152.5 pips is the five day average. Twenty percent is 35 pips plus the spread, so my stop would be 35 to 38 pips. Size the position accordingly.
Thanks for your reply Seneca,Im really unsure where you get that figure of 1.5251 on the E/J from on the EMA but I dont want to waste any more of your time so guess I'll just have to remain ignorant,but thanks anyway mate.
  • #2,846
  • Apr 30, 2013 2:09am Apr 30, 2013 2:09am
Gold has been respecting these levels pretty well so far. 3 wins 0 loss thus far.

One thing I'm beginning to notice is that more important than price level is time itself. In other words, the time at which these price levels get hit seems to be a rather important factor. What do you think about this SP?
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  • #2,847
  • Apr 30, 2013 2:18am Apr 30, 2013 2:18am
Case in point, /ES just now. daily close at London Open
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  • #2,848
  • Apr 30, 2013 3:19am Apr 30, 2013 3:19am
Hello

this is my graph EURUSD , im just waiting the price to come back to London Open to short it ...
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London open = White line
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #2,849
  • Apr 30, 2013 4:01am Apr 30, 2013 4:01am
Quoting landsat
Hello this is my graph EURUSD , im just waiting the price to come back to London Open to short it ...{image} London open = White line
Nice call bud...
  • #2,850
  • Apr 30, 2013 4:10am Apr 30, 2013 4:10am
Morning Chris (and gang)
What do you think of this one?
PS who can tell me what that magic number is?
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  • #2,851
  • Apr 30, 2013 4:15am Apr 30, 2013 4:15am
Quoting landsat
Hello this is my graph EURUSD , im just waiting the price to come back to London Open to short it ...{image} London open = White line
Hi landsat - just out of curiosity how are you managing this now? Are you going to let it retest open?
  • #2,852
  • Apr 30, 2013 4:42am Apr 30, 2013 4:42am
Quoting hollowhead
{quote} Hi landsat - just out of curiosity how are you managing this now? Are you going to let it retest open?
BTW - I'm in the same trade - gonna shoot for PDLow (1.3031) - I'm also short on EJ from break of 127.75ish aiming for PDLow (127.2)
  • #2,853
  • Apr 30, 2013 4:46am Apr 30, 2013 4:46am
In fact im not in ... i was expecting to short at the retest of london open (white line ) and TP on the dash blue line ....
but it never came back to retest london open ....
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Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #2,854
  • Apr 30, 2013 4:53am Apr 30, 2013 4:53am
Quoting landsat
In fact im not in ... i was expecting to short at the retest of london open (white line ) and TP on the dash blue line .... but it never came back to retest london open ....{image}
Oh ok - I went long first thing (can't remember why and reversed when my SL was taken out (which happened to be around opening)). I get myself in a bit of a mess when my lines are so close together...
  • #2,855
  • Apr 30, 2013 4:54am Apr 30, 2013 4:54am
Quoting hollowhead
{quote} Oh ok - I went long first thing (can't remember why and reversed when my SL was taken out (which happened to be around opening)). I get myself in a bit of a mess when my lines are so close together...
Sorry for lack of pictures - I'm at work
  • #2,856
  • Apr 30, 2013 5:51am Apr 30, 2013 5:51am
Trading Plan for NY open time 8h 8h30 if we have spike in the in zone i take long for TP at the london open line
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Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #2,857
  • Apr 30, 2013 5:58am Apr 30, 2013 5:58am
alternative trading plan
if we don't have spike down but instead we are coming to touch the 50% i will short with SL above 61%
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Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #2,858
  • Apr 30, 2013 6:38am Apr 30, 2013 6:38am
Quoting Seneca pilot
{quote} Price came down to the rolls but didn't trigger.
Might be a stupid question -what are 'the rolls'?
  • #2,859
  • Apr 30, 2013 6:44am Apr 30, 2013 6:44am
Quoting hollowhead
{quote} Might be a stupid question -what are 'the rolls'?
if im not mistaken its 17h00 NY time closing price .... i hope to be right .... if not i have to read the complete thread again .... ouch ....
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #2,860
  • Apr 30, 2013 6:45am Apr 30, 2013 6:45am
Quoting landsat
{quote} if im not mistaken its 17h00 NY time closing price .... i hope to be right .... if not i have to read the complete thread again .... ouch ....
Oh - I missed that. I see it referred to, but can't find a description. Thanks.
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