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  • #201
  • Nov 5, 2014 8:32am Nov 5, 2014 8:32am
Quoting gspajon
{quote} My point in starting this thread was to try and convince most of those in this forum that you really don't need the "signal BS'ers" or the really "sexy" algorithms and all the other nonsense out there...just good solid data that you trust and a probability calculation that is accurate...but that's just math. Beyond that it is patience, discipline, and obedience to your rules. It is a hard to convince most folks of this...that is why I have put everything here so all can see. There is no "magic", there is no "hokus pokus" Just good old fashioned...
A brave man .

I totally agree with your sentiment, all the best.
  • #202
  • Nov 5, 2014 8:36am Nov 5, 2014 8:36am
Quoting Quidsey
{quote} A brave man . I totally agree with your sentiment, all the best.
Not brave, "stupid"! (a quote from an old high school play). Thank you for your support...I appears I've had a little luck on my side as well...because I was fortunate to get a string of winners right away...it doesn't always happen that way.
  • #203
  • Nov 5, 2014 10:21am Nov 5, 2014 10:21am
Update on EUR/USD:

Price has stalled at the lows of the year. I am taking advantage of this pause that what appears to be a lower low. I have moved the stop down to lock roughly 124 pips.
Attached Image (click to enlarge)
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  • #204
  • Nov 5, 2014 10:51am Nov 5, 2014 10:51am
Hello GS and the rest,

let me get on the bus with you and follow the simple rulles of yours.
Even though it looks straight and simple, one of the most smartest things seems to me is to be wise and patient to pull the trigger
I like the attitude of this thread and would love to learn some of your smart moves, GS.
Keep going on this to learn from you, thanx.
  • #205
  • Nov 5, 2014 11:50am Nov 5, 2014 11:50am
Quoting ldmarantz
Hello GS and the rest, let me get on the bus with you and follow the simple rulles of yours. Even though it looks straight and simple, one of the most smartest things seems to me is to be wise and patient to pull the trigger I like the attitude of this thread and would love to learn some of your smart moves, GS. Keep going on this to learn from you, thanx.
I appreciate your compliment and thank you for your confidence. Again I would like to emphasize that "my smart moves" really don't exist. I am simply following the rules I've developed over several years of learning what does and does NOT work (for me).

You are welcomed to follow along or contribute as you see fit. I welcome anyone who wishes to contribute. I will point out my views and someone else will point out theirs. In the end we all make our own decisions. There is no right or wrong...there is only discipline, and profit/loss.
  • #206
  • Nov 5, 2014 6:26pm Nov 5, 2014 6:26pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Hi GS. I wanted to congratulate you on that EU trade. It's looking good. I think you're in a good spot to work it for continued downside without getting stopped out where you've got it. Good Job man.
  • #207
  • Nov 5, 2014 7:37pm Nov 5, 2014 7:37pm
Quoting eggs
Hi GS. I wanted to congratulate you on that EU trade. It's looking good. I think you're in a good spot to work it for continued downside without getting stopped out where you've got it. Good Job man.
Thanks eggs. Currently there is 162 more pips to go for the take profit on this trade. So we'll just have to see. I'm a little anxious on this stop as it looks like we may be starting to base on this pair, and that's when price gets very volatile, as I'm sure you know. That will leave me exposed to the F*** You Stop. (You know, the one where price comes right to your stop and then turns and goes your way). Its like the market is saying, "F*** YOU! you get no more money on this trade."

Nothing to do but wait, at least this stop is a profit stop.
  • #208
  • Nov 5, 2014 9:12pm Nov 5, 2014 9:12pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Gut tells me this one has more downside potential. More so than upside anyways. This is a MAJOR technical support level. Generally speaking the supply side of the equation will take over at levels like these. That's clearly not happening. If true demand was in place we'd be seeing a serious bounce. That's also not happening. Instead price is spending most of it's time around the lows. Bearing down & building. If the bulls continue to stand aside the bears will take over.

Given the relevance of the level price is trading at I'll be watching it closely & will be glad to play either side. Continuation or bounce... either way.

Get some rest & let it roll. You're in a good spot either way. You've locked in more than enough of a lions share that any position trader would call a successful trade. Put your mind at ease. You've done this one right.
  • #209
  • Nov 5, 2014 10:23pm Nov 5, 2014 10:23pm
Dear GSPAJON and EGGS,

You are doing excellent way of trading with truthful explanation. I can learn more from your valuable comment.

I keep on follow you comment and learn & understand market move

Thanks a lot

bye
ajentha
  • #210
  • Nov 5, 2014 10:45pm Nov 5, 2014 10:45pm
GS- You will find gurus here soon. They wont like what u r doing. You r teaching winning strategy with no sexy charts. Trigger happy ones wont like u too as they are used to bs. Keep up the good work. Lets use this as our chat room.
Good luck all lucky people on this thread.
  • #211
  • Nov 5, 2014 10:50pm Nov 5, 2014 10:50pm
For me next stop for gold is 1084 or big bounce from here.
  • #212
  • Nov 5, 2014 10:58pm Nov 5, 2014 10:58pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting ajentha
Dear GSPAJON and EGGS, You are doing excellent way of trading with truthful explanation. I can learn more from your valuable comment. I keep on follow you comment and learn & understand market move Thanks a lot bye ajentha
Sure thing ajentha & Thanks. I look forward to any Price Action analysis you might wanna throw up. Price Action trading has been a passion of mine for many years.

I know we've been discussing the 'CRAZY' moves we've been seeing on JPY crosses following BOJ's decision to intervene. It's important to understand where we are in terms of price. We don't pick tops & that's most certainly not what price action is about. None the less you need to be aware when institutional money begins to take profit on an unprecedented move such as we've seen unfold the last several days. These cycles can be very volatile & can effect other major pairs in an indirect manner.
  • #213
  • Nov 5, 2014 11:01pm Nov 5, 2014 11:01pm
I have shorted DOW on break of pivot point TGT 17310
  • #214
  • Nov 6, 2014 1:34am Nov 6, 2014 1:34am
Such a raft of Red news today, I am staying on the sidelines. and NFP tomorrow makes me not open any new trades. Never easy trading the first week of the month.
Good luck to all.
  • #215
  • Nov 6, 2014 6:52am Nov 6, 2014 6:52am
Quoting ajentha
Dear GSPAJON and EGGS, You are doing excellent way of trading with truthful explanation. I can learn more from your valuable comment. I keep on follow you comment and learn & understand market move Thanks a lot bye ajentha
Again, thank you for your kind words...they are most appreciated. As eggs commented...lets have some discussion here to get things going. My feeling is with NFP coming charts are going to get very quiet and I may get stopped out on my positions...so I will then begin looking at charts to start "stalking" trades...we can all do that together and see what happens.
  • #216
  • Nov 6, 2014 6:55am Nov 6, 2014 6:55am
Quoting goldfinger
GS- You will find gurus here soon. They wont like what u r doing. You r teaching winning strategy with no sexy charts. Trigger happy ones wont like u too as they are used to bs. Keep up the good work. Lets use this as our chat room. Good luck all lucky people on this thread.
They don't have to like it...if they want to come in here with negative view points...that's fine...at this point it doesn't appear they will get much traction...

For those that want to post their indicator laden charts and then explain how that is "obvious", I will be delighted to see how quickly they become "tongue tied".

As far as Gold is concerned...I don't know...I make no predictions...for now price is going in my favor and I am anticipating a lower high to form. As to when or how high...no clue...for now I hold.
  • #217
  • Nov 6, 2014 6:59am Nov 6, 2014 6:59am
Quoting goldfinger
I have shorted DOW on break of pivot point TGT 17310
Hmm DOW...I have here an intraday chart of DOW futures...not seeing the bearish trend ... Looks like a range to me...which I try to avoid like the plague...I need to work on my range trading though...it is very important on intraday trading.
Attached Image (click to enlarge)
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  • #218
  • Nov 6, 2014 7:00am Nov 6, 2014 7:00am
Quoting ken911
Such a raft of Red news today, I am staying on the sidelines. and NFP tomorrow makes me not open any new trades. Never easy trading the first week of the month. Good luck to all.
AMEN brother...
  • #219
  • Nov 6, 2014 8:06am Nov 6, 2014 8:06am
Just find this thread...very good one..Thank you very much gspajon for all what you said..i thought there was only indicators addicted people on FF ! very please to see a thread where common sense, simple charts, and humility are the rules..as you say, patience and discipline are very important..
i personally try to mix it with fundamentals, but i guess this is tabou on FF .
thanks again
je
  • #220
  • Nov 6, 2014 8:40am Nov 6, 2014 8:40am
Quoting be water
Just find this thread...very good one..Thank you very much gspajon for all what you said..i thought there was only indicators addicted people on FF ! very please to see a thread where common sense, simple charts, and humility are the rules..as you say, patience and discipline are very important.. i personally try to mix it with fundamentals, but i guess this is tabou on FF . thanks again je
Hello Be Water, Thank you for your kind remarks. While I cannot speak for anyone else here, I think fundamentals are the engine that drive technical analysis. They are the very basis of beliefs which then express themselves as price action, which we then read as technical analysis.. I think ignoring fundamentals is foolish.

That being said, I cannot say that I am a good at fundamental analysis, and because there is always to sides of the "fundamental view point" just like in Technicals...I always listen to fundamental information and then watch to see what actually happens.

Again obvious is the key word I'm trying to emphasize on this thread.
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