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Is this a correct Divergence set up? GBPJPY Daily

  • #21
  • Sep 11, 2013 8:37pm Sep 11, 2013 8:37pm
Speaking of divergence
I'm hoping this on might work
but there's no guarantee
Attached Image (click to enlarge)
Click to Enlarge Name: money.png Size: 45 KB
When the Joker is in the deck.. fear not and play it well
  • #22
  • Sep 11, 2013 9:33pm Sep 11, 2013 9:33pm
Quoting Slim Buffett
{quote} OK.... what I'm saying is, if you're short would you rather set the S/L above a previous high (and a monthly pivot @158.51) or would you rather risk another 200 pips by ( and perhaps a week) by setting it @ 160.50. A question only you can answer because it depends on (what else you're doing). All the best

speaking of the Word "above" how far is that above ? sure it depends on the time frame used right ? but how much actually ?
So sorry for always replying late! But I got 2 Jobs!!
  • #23
  • Sep 11, 2013 9:35pm Sep 11, 2013 9:35pm
Quoting Slim Buffett
{quote} No need to..... here ya' go All the best {image}

ahaaa now I see
So sorry for always replying late! But I got 2 Jobs!!
  • #24
  • Sep 11, 2013 9:39pm Sep 11, 2013 9:39pm
Quoting Slim Buffett
Speaking of divergence I'm hoping this on might work but there's no guarantee {image}

that one was good man I was studying so didn't catch it but I'm catching on the learning for now this is the most important
So sorry for always replying late! But I got 2 Jobs!!
  • #25
  • Sep 11, 2013 9:48pm Sep 11, 2013 9:48pm
Quoting Slim Buffett
{quote}
Hey Slim, what do you think about the placement of the tp areas I did in post #7 ? ... here's the image to clarify them http://www.forexfactory.com/attachme...2&d=1378933766
So sorry for always replying late! But I got 2 Jobs!!
  • #26
  • Sep 11, 2013 9:55pm Sep 11, 2013 9:55pm
Quoting Muhammad Ezz
{quote} speaking of the Word "above" how far is that above ?
That all depends..... it's your account and your risk tolerance.
Personally, I like to double the spread and add 2

I don't always set an S/L which has sometimes been beneficial
and at other times (when I get "brave") it might have led to my
near demise. It's something everyone should decide for themselves.


Quoting Muhammad Ezz
{quote}sure it depends on the time frame used right ? but how much actually ?
No........ it really doesn't depend on the time frame AT ALL. When you look at a chart, price
is basically the same across all time frames. So, time frames don't matter (that much). It's your evaluation,
goals, perspective that matters.

Do you want to trade for 10 pips, 100 pips or 1000 pips
That's the difference (IMHO)

c
When the Joker is in the deck.. fear not and play it well
  • #27
  • Sep 11, 2013 10:06pm Sep 11, 2013 10:06pm
Quoting Slim Buffett
{quote} That all depends..... it's your account and your risk tolerance. Personally, I like to double the spread and add 2 I don't always set an S/L which has sometimes been beneficial and at other times (when I get "brave") it might have led to my near demise. It's something everyone should decide for themselves. {quote} No........ it really doesn't depend on the time frame AT ALL. When you look at a chart, price is basically the same across all time frames. So, time frames don't matter (that much). It's your evaluation, goals, perspective that...

Aha ... for the time frame thing I mentioned it because the longer the time frame the more the trade turns into a swing so you need wider SL to handle the price waves you know .. For me I'm entering the forex with the goal of making around 15% per month ( in pips with very low risk shall be around 750 pips/month give or take .. pip = 2$ in this case ) and that's what my friend who told me about this market a month ago is making and I think it's enough for me, too to have a hell of a life because think about it ... if you have like 10,000 $ and making extra income of 1500 $ out of them every month it will be awesome!After all it's extra
So sorry for always replying late! But I got 2 Jobs!!
  • #28
  • Sep 11, 2013 10:16pm Sep 11, 2013 10:16pm
Quoting Muhammad Ezz
{quote} Hey Slim, what do you think about the placement of the tp areas I did in post #7 ? ... here's the image to clarify them http://www.forexfactory.com/attachme...2&d=1378933766
Nice chart and the first TP would seem very/maybe achievable
The monthly R1 is @155.32 with the weekly pivot just below (155.14)
Seems to have broken down a bit and 156.75 might be next support
which is also the Lower tL (IMHO)
When the Joker is in the deck.. fear not and play it well
  • #29
  • Sep 11, 2013 10:22pm Sep 11, 2013 10:22pm
Quoting Slim Buffett
{quote} Nice chart and the first TP would seem very/maybe achievable The monthly R1 is @155.32 with the weekly pivot just below (155.14) Seems to have broken down a bit and 156.75 might be next support which is also the Lower tL (IMHO)

that's great Man, I'll stick to you and the other folks here Like I do with the senior doctors I'm learning from at school beware I'm sticking with a glue ... And I guess I've to study about that thing Pivot because you folks seem to mention it a lot and I'm just a high low / support resistance guy ... Going back to babypips
So sorry for always replying late! But I got 2 Jobs!!
  • #30
  • Sep 11, 2013 10:25pm Sep 11, 2013 10:25pm
Quoting Muhammad Ezz
{quote} and that's what my friend who told me about this market a month ago is making and I think it's enough for me, too to have a hell of a life because think about it ...
You're ABSOLUTELY RIGHT
and YOU should just go for it

....because your friend said so. You'll be fine

All the Very Best

S0B

bye now
When the Joker is in the deck.. fear not and play it well
  • #31
  • Sep 11, 2013 10:32pm Sep 11, 2013 10:32pm
Quoting Slim Buffett
{quote} You're ABSOLUTELY RIGHT and YOU should just go for it ....because your friend said so. You'll be fine All the Very Best S0B bye now
It seems like you got me wrong buddy I was describing my friend as someone making that percentage. He didn't tell me how much to make or what plan to follow but I myself find a consistent 15% a legendary thing I know that some people make it a day well, good for them bye and sweet dreams buddy
So sorry for always replying late! But I got 2 Jobs!!
  • #32
  • Sep 11, 2013 10:47pm Sep 11, 2013 10:47pm
Quoting Muhammad Ezz
{quote} It seems like you got me wrong buddy I was describing my friend as someone making that percentage. He didn't tell me how much to make or what plan to follow but I myself find a consistent 15% a legendary thing I know that some people make it a day well, good for them bye and sweet dreams buddy
I don't think I got you wrong entirely. It doesn't matter really, if you make !% per month or 100 %. If you
can be profitable then that's more than the "majority" can say. Right ?

I think my point was that you seem to think that you know everything you need to know
after a month. I thought that once............... but learned that it can come back and bite
you in the ass.

SO...... do you believe that, and IF I were to believe you;
that you can be successful each and every month heretofore

.....after learning about this market a month ago from a friend

wut u think buddy
When the Joker is in the deck.. fear not and play it well
  • #33
  • Sep 11, 2013 10:57pm Sep 11, 2013 10:57pm
Quoting Slim Buffett
{quote} I don't think I got you wrong entirely. It doesn't matter really, if you make !% per month or 100 %. If you can be profitable then that's more than the "majority" can say. Right ? I think my point was that you seem to think that you know everything you need to know after a month. I thought that once............... but learned that it can come back and bite you in the ass. SO...... do you believe that, and IF I were to believe you; that you can be successful each and every month heretofore .....after learning about this market a month ago...
I know everything I need to know! ? ... Why I'm here then :/ ... I didn't say that I'm gonna be successful every month where did you get that from I just said it would be awesome you know ... and I spent a lot of hours for the past 3 weeks and this is the 4th weeks watching/reading/writing down to memorize every piece of information I thought it's useful. I have patience, my education pathway taught me that
So sorry for always replying late! But I got 2 Jobs!!
  • #34
  • Sep 11, 2013 11:11pm Sep 11, 2013 11:11pm
Quoting Muhammad Ezz
{quote} I know everything I need to know! ? ... I spent a lot of hours for the past 3 weeks and this is the 4th weeks watching/reading/writing down to memorize every piece of information I thought it's useful. I have patience, my education pathway taught me that
Ok. ya' got me............. you'll probably be the most successful trader I've had the
pleasure of interacting with.
To prove that, why not just get back to your charts and why you're doing what

Faid enough ??
When the Joker is in the deck.. fear not and play it well
  • #35
  • Sep 11, 2013 11:15pm Sep 11, 2013 11:15pm
Quoting Slim Buffett
{quote} you'll probably be the most successful trader I've had the pleasure of interacting with.
Now I smell sarcasm :/ .... and I didn't get the other thing ? Prove what on the chart ?
So sorry for always replying late! But I got 2 Jobs!!
  • #36
  • Sep 11, 2013 11:38pm Sep 11, 2013 11:38pm
Quoting Muhammad Ezz
{quote} Now I smell sarcasm :/ .... and I didn't get the other thing ? Prove what on the chart ?

Quoting Muhammad Ezz
{quote}Now I smell sarcasm :/
You have a good nose then.

Quoting Muhammad Ezz
{quote}and I didn't get the other thing ? Prove what on the chart ?
Rather than banter on endlessly why don't you simply continue to state your position. And why you
took the position you did.

You're persistent................ I admire that and that's part of what it takes.

But don't be persistent to the point of no return


Right, Buddy ??
When the Joker is in the deck.. fear not and play it well
  • #37
  • Sep 11, 2013 11:56pm Sep 11, 2013 11:56pm
Quoting Slim Buffett
{quote} {quote} You have a good nose then. {quote} Rather than banter on endlessly why don't you simply continue to state your position. And why you took the position you did. You're persistent................ I admire that and that's part of what it takes. But don't be persistent to the point of no return Right, Buddy ??
I took the sell position for what ? .... for many many reasons I posted in details in the 1st page of this thread .... Thank god you found something to admire lmao!!
So sorry for always replying late! But I got 2 Jobs!!
  • #38
  • Sep 12, 2013 12:05am Sep 12, 2013 12:05am
Quoting Muhammad Ezz
{quote} lmao!!

It's going to be fun.... I can tell

Why can't you simply accept a compliment and continue on?
Do you think you're going to best me with words ?
How much time do you want to spend on this ?

Ask yourself these questions before you continue.

Is it worth it?
When the Joker is in the deck.. fear not and play it well
  • #39
  • Sep 12, 2013 12:10am Sep 12, 2013 12:10am
Quoting Slim Buffett
{quote} It's going to be fun.... I can tell Why can't you simply accept a compliment and continue on? Do you think you're going to best me with words ? How much time do you want to spend on this ? Ask yourself these questions before you continue. Is it worth it?
So this was a compliment :/ I didn't get it at time. Anyhow it's not worth it because matter of fact I don't know what's it to determine if it's worth it or not
So sorry for always replying late! But I got 2 Jobs!!
  • #40
  • Sep 12, 2013 12:34am Sep 12, 2013 12:34am
Quoting Muhammad Ezz
{quote} . Anyhow it's not worth it because matter of fact I don't know what's it to determine if it's worth it or not
You're right about that, I'm pretty sure. But I don't know how to determine if what you said is right or not.
What is the mathematical science....... it always bring me back to this

http://mathforum.org/dr.math/faq/faq.liar.html

Of course, one has nothing to do with the other. It's a diversion.

When you study, you think you know something.

When you practice you know you learn something.
When the Joker is in the deck.. fear not and play it well
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