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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #2,161
  • Edited 7:32am Jul 24, 2013 7:18am | Edited 7:32am
USDSEK, Daily, 2013 July 24
Daily's chart seems an investment worth for me.
2 x Long @ 6.4553, Target @ 6.6820, @ 6.7820
___
PO Long @ 6.430 (weekly chart) (see Post# 2,164)
PO Long @ 6.30, @ 6.02 (monthly)

PO = Pending Order (could be fulfilled or not)
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  • #2,162
  • Jul 24, 2013 7:18am Jul 24, 2013 7:18am
Quoting godim
{quote} I agree. But when you understand the market, see what he wants and how he will achieve it, you will be able to cut a bigger piece of the pie. http://www.forexfactory.com/showthre...33#post6822933 I really have problems with the translation and would like to stop this discussion.
Several times I've given a quote from the book of James A. Hyerczyk
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I.e. it is very easy to draw these lines. It is more difficult to assume how the price will move between them. But it's still possible. I try to show my expectations for these movements. And even if they are sometimes wrong they are trying to "look into the future."
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When moving the price continuously activate more and more triggers. I try to explain them again and again. And thus appear dozens of my charts. I do not know what to do. Now I decide on a chart in the morning. Even if it is very wrong.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #2,163
  • Jul 24, 2013 7:19am Jul 24, 2013 7:19am
Maybe I'm looking for a GU short now!PA reject from the 61,8 fibo level of the previous rally!Maybe the corrective 2-wave ended now,and we're in a down impulse 3 now!
And I see a bearish butterfly pattern in GU H4:
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  • #2,164
  • Jul 24, 2013 7:23am Jul 24, 2013 7:23am
USDSEK, Weekly, 2013 July 24
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  • #2,165
  • Jul 24, 2013 7:35am Jul 24, 2013 7:35am
USDSEK, M1, 2013 July 24
USDSEK, H1, 2013 July 24
...and some scalping trades have been executed in anticipating to trade some overlapping H1 candles.
Profit: +1.3%
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  • #2,166
  • Jul 24, 2013 7:37am Jul 24, 2013 7:37am
Quoting Forexcube
USDSEK, M1, 2013 July 24 ...and some scalping trades have been executed. Profit: +1.3% {image}



Nice trades and setups
  • #2,167
  • Jul 24, 2013 7:49am Jul 24, 2013 7:49am
Quoting infinitus
{quote} Nice trades and setups
Tell me, please when it should begin to annoy.
I won't clutter this marvellous threat here.
FXcube
  • #2,168
  • Jul 24, 2013 7:49am Jul 24, 2013 7:49am
Quoting infinitus
{quote} a) multiple divergences b) look at the Stochs on MTF c) Murrey math - may try 3260-3275, that is the risk, I think d) price pattern (EW) e) MTF MMSMP; 15, 1h and 4h in the +2SD range f) ever declining volume (tick volume)

Price oftentimes is like a rubber band - it gets stretched and stretched and stretched - and when you are too slow, it will fly back in your face

That is one of the reasons, why I do not propagate the "to the pip" trading.

Most of the traders here and in FF generally will have missed this opportunity, waiting for some too obvious numbers.


Simply ask Forexcube, if he cares about to trade "to the pip".


Instead play with your leverage and money management. That is all I can say again and again.


There are two commons in the thinking of the "to the pip" crowd (I do not mean that disrespectfully):

they try to only risk very few but try to get the homerun


Forget that - overleverage and too tight SL will prevent you from being successful in this business over the long run.
  • #2,169
  • Jul 24, 2013 7:53am Jul 24, 2013 7:53am
Quoting infinitus
{quote} Instead play with your leverage and money management. That is all I can say again and again.
  • #2,170
  • Jul 24, 2013 7:54am Jul 24, 2013 7:54am
Quoting infinitus
{quote}...they try to only risk very few but try to get the homerun Forget that - overleverage and too tight SL will prevent you from being successful in this business over the long run.


Spoken like a pro.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,171
  • Jul 24, 2013 7:54am Jul 24, 2013 7:54am
How many pips you trade says absolutely nothing about your real profit and risk management.
  • #2,172
  • Jul 24, 2013 7:59am Jul 24, 2013 7:59am
Quoting infinitus
{quote} Price oftentimes is like a rubber band - it gets stretched and stretched and stretched - and when you are too slow, it will fly back in your face That is one of the reasons, why I do not propagate the "to the pip" trading. Most of the traders here and in FF generally will have missed this opportunity, waiting for some too obvious ...business over the long run.
Right you are Fini! There were so many times I missed the boat on trades (either stopped out or putting all positions on a fixed point). Nowadays, what I learned from you, is to scale entry/exit points on trades....works a lot better.
Lost....
  • #2,173
  • Jul 24, 2013 8:01am Jul 24, 2013 8:01am
Quoting gespiri
{quote} Right you are Fini! There were so many times I missed the boat on trades (either stopped out or putting all positions on a fixed point). Nowadays, what I learned from you, is to scale entry/exit points on trades....works a lot better.
Yep. That's how the pros in London and New York do it.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,174
  • Edited 8:20am Jul 24, 2013 8:04am | Edited 8:20am
Quoting infinitus
{quote} a) multiple divergences b) look at the Stochs on MTF c) Murrey math - may try 3260-3275, that is the risk, I think d) price pattern (EW) e) MTF MMSMP; 15, 1h and 4h in the +2SD range f) ever declining volume (tick volume)

  1. Post# 2,160

Hi infinitus!

My trading strategy implies:
-CCI
-Pivotals (murrey math are also great)
-Price Patterns
-Divergences &
-Multiple Time Frame Analysis (MTFA)
-& several market entry and exit orders at different levels (1/10 orders instead of one big 1/1)

It looks that we are trading consimilar strategies with the difference that I could take more risk over due to the fact of my non-stop-loss-concept in which my trades are mostly affected in compensation of trading several accounts and by distributing profits in the 50%-200% yields zone every time.

Best wishes from Switzerland, my friend!
FXcube

  • #2,175
  • Jul 24, 2013 8:12am Jul 24, 2013 8:12am
Quoting Forexcube
{quote} Post# 2,160Hi infinitus! My trading strategy implies: -CCI -Pivotals (murrea math are also great) -Price Patterns -Divergences & -Multiple Time Frame Analysis (MTFA) -& several market entry and exit orders at different levels (1/10 orders instead of one big 1/1) It looks that we are trading consimilar strategies with the difference that I could take more risk over due to the fact of my non-stop-loss-concept in which my trades are mostly affected in compensation of...

It's a great method FXcube!
  • #2,176
  • Jul 24, 2013 8:17am Jul 24, 2013 8:17am
Quoting paul-fx
{quote} It's a great method FXcube!
Thank you, paul-fx!
I like infitus' strategy just as well!
Every trader has work out his strategy which fits best for him!

At the finish:
Everything fits together perfectly.
FXcube
  • #2,177
  • Jul 24, 2013 8:18am Jul 24, 2013 8:18am
It's more a raining day today here in Switzerland after 17 days of splendid sunshine & the ozon content shrink in the air.
  • #2,178
  • Jul 24, 2013 8:25am Jul 24, 2013 8:25am
hats off to you infini,fxcube,Piptrader and others
glad to have the opportunity to learn from all of you
better be not enough salt than too much salt
  • #2,179
  • Jul 24, 2013 8:28am Jul 24, 2013 8:28am
Are we done yet, or is this butterfly going to reach for the stars?

E/U H1 (Bearish Butterfly harmonic pattern)
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Those who say it cannot be done should not interrupt those who are doing it
  • #2,180
  • Jul 24, 2013 8:41am Jul 24, 2013 8:41am
Quoting Forexcube
It's more a raining day today here in Switzerland after 17 days of splendid sunshine & the ozon content shrink in the air.
Hey FXcube, which canton are you in? I'm in Châtel-St-Denis and its warming up here (but currently working in Fribourg)...
Lost....
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