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99.95% Technicals, 0.05% Luck

  • #41
  • Oct 6, 2015 10:47am Oct 6, 2015 10:47am
USOIL:

H4: Fibo extension towards key resistance level (~48.40), potential bullish cypher pattern forming, expecting to retrace towards 76.4% level (~45.00).
Attached Image
  • #42
  • Oct 6, 2015 10:50am Oct 6, 2015 10:50am
USDCHF:

H1: Aggressive bear forming bullish cypher pattern, to retrace to at least 38.2% level (~0.97100).
Attached Image
  • #43
  • Oct 6, 2015 12:35pm Oct 6, 2015 12:35pm
Quoting TwFXtrader
{quote} hey can i have the file of your chart? it looks really clean.
Sorry for the late response.

Do you mean the template?
Here it is.
Attached File(s)
File Type: tpl LE1 complete.tpl   34 KB | 239 downloads
  • #44
  • Oct 7, 2015 9:42pm Oct 7, 2015 9:42pm
EURNZD:

H1: Bearish elliott waves towards H4 resistance level (~1.68745), to retrace at least to 38.2% level (~1.72640).
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd h1.png Size: 13 KB
  • #45
  • Oct 8, 2015 9:16am Oct 8, 2015 9:16am
NZDUSD:

H1: Bullish elliott waves towards key H1 resistance level (~0.66450), to retrace at least to 38.2% level (~0.64910).
Attached Image
  • #46
  • Edited 12:16pm Oct 8, 2015 10:43am | Edited 12:16pm
Gosh, an accident with NZDUSD.
Took out initial deposit after account made 100% profits, playing with profits now.
  • #47
  • Oct 8, 2015 12:29pm Oct 8, 2015 12:29pm
Quoting Feekee
NZDUSD: H1: Bullish elliott waves towards key H1 resistance level (~0.66450), to retrace at least to 38.2% level (~0.64910). {image}
NZDUSD is in a strong uptrend. You entered short on the first grey line. It was a small bounce from PPA. But I should not expect such a big retracement to 38.2 immediately. It retraced to the 4hr 10ema and went north again.
It could go up to the 2nd line and retrace from that level... let's see.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.PNG Size: 73 KB
  • #48
  • Oct 8, 2015 12:30pm Oct 8, 2015 12:30pm
Quoting Feekee
Took out initial deposit after account made 100% profits, playing with profits now.
Good job
  • #49
  • Oct 8, 2015 12:45pm Oct 8, 2015 12:45pm
Quoting Pipsalon
{quote} NZDUSD is in a strong uptrend. You entered short on the first grey line. It was a small bounce from PPA. But I should not expect such a big retracement to 38.2 immediately. It retraced to the 4hr 10ema and went north again. It could go up to the 2nd line and retrace from that level... let's see. {image}

Ahh yes, seems like it, as you mentioned, looks like it retraced towards 23.6 currently, hopefully to see a harmonic pattern retracement before heading for the 38.2 level.

Quoting Pipsalon
{quote} Good job
Thanks! Hopefully it will still continue to work so forth.
  • #50
  • Oct 9, 2015 4:54am Oct 9, 2015 4:54am
Quoting Pipsalon
{quote} NZDUSD is in a strong uptrend. You entered short on the first grey line. It was a small bounce from PPA. But I should not expect such a big retracement to 38.2 immediately. It retraced to the 4hr 10ema and went north again. It could go up to the 2nd line and retrace from that level... let's see. {image}
Price reached 2nd grey line now. Big resistance here... It looks like sellers are coming in, but maybe it will reach it's ADR high today.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.PNG Size: 62 KB
  • #51
  • Oct 14, 2015 12:30pm Oct 14, 2015 12:30pm
Hiatus over! Due to changing accounts!

Anyway, shorted CHFJPY & EURUSD as bull towards key resistance H1, expecting retracement.
  • #52
  • Oct 15, 2015 5:35pm Oct 15, 2015 5:35pm
feekee you're doing very well.

I hope you lower your leverage though. hopefully drop it down to 10:1 max. Or make regular withdraws and put into savings/retirement/investments or a lower leveraged trading account.
Its not just the initial damage done, but the lingering damage to trading mentality and disclipine that over leverage does. Its a matter of when.

Best wishes
  • #53
  • Oct 15, 2015 11:07pm Oct 15, 2015 11:07pm
Quoting RideTheWave
feekee you're doing very well. I hope you lower your leverage though. hopefully drop it down to 10:1 max. Or make regular withdraws and put into savings/retirement/investments or a lower leveraged trading account. Its not just the initial damage done, but the lingering damage to trading mentality and disclipine that over leverage does. Its a matter of when. Best wishes

Hi there RideTheWave,

Thank you for that wake up call, yea I do agree that I have to prevent myself from being over leveraged, it's just a matter of when before it hurts the folio. Discipline is key, mentality has to change on over leveraging.
  • #54
  • Oct 16, 2015 4:27am Oct 16, 2015 4:27am
Quoting Feekee
{quote} Hi there RideTheWave, Thank you for that wake up call, yea I do agree that I have to prevent myself from being over leveraged, it's just a matter of when before it hurts the folio. Discipline is key, mentality has to change on over leveraging.
How much do you risk per trade?
  • #55
  • Oct 16, 2015 12:46pm Oct 16, 2015 12:46pm
Quoting Pipsalon
{quote} How much do you risk per trade?


He's near 30:1

He's doing good. Cut his leverage to 10:1 and he's got a 50% return in 3 days. THE FRICK! lol

Feekee: you're 23, got lots of time. your in banking so you should know all about power of compounding interest or your returns over time. At 1:1 leverage you would have made 5% in 3 days. that'd be well over 500% a year. Or just trade cowboy style and make a habit of withdrawals
  • #56
  • Oct 16, 2015 8:53pm Oct 16, 2015 8:53pm
Quoting Pipsalon
{quote} How much do you risk per trade?

Risk/Profit Ratio: 3:7
Risking 6-8% per trade.

Quite high of a risk I know, need to be more disciplined in leveraging, entries could be improved as well.
  • #57
  • Oct 16, 2015 8:57pm Oct 16, 2015 8:57pm
Quoting RideTheWave
{quote} He's near 30:1 He's doing good. Cut his leverage to 10:1 and he's got a 50% return in 3 days. THE FRICK! lol Feekee: you're 23, got lots of time. your in banking so you should know all about power of compounding interest or your returns over time. At 1:1 leverage you would have made 5% in 3 days. that'd be well over 500% a year. Or just trade cowboy style and make a habit of withdrawals

Yup near there. Thanks for the tip bro!
Hahaha cowboy style can be quite risky; most probably a little tad of how I'm currently trading, so just remember not to get emotions over it or the bull will just run over this poor little cowboy.

Pips for the week: +334
  • #58
  • Oct 19, 2015 2:19pm Oct 19, 2015 2:19pm
Managed to get 49 pips from bearish head and shoulders for EURGBP.

Short on NZDUSD for gradual elliott retracement.
  • #59
  • Oct 20, 2015 10:06am Oct 20, 2015 10:06am
Quoting Feekee
Managed to get 49 pips from bearish head and shoulders for EURGBP. Short on NZDUSD for gradual elliott retracement.
That definitely assisted my position.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdnews.png Size: 2 KB
  • #60
  • Oct 21, 2015 10:54am Oct 21, 2015 10:54am
AUDCHF:

H1: Bullish trendline, entry at support level (~0.69020).
Attached Image (click to enlarge)
Click to Enlarge Name: audchf h1.png Size: 19 KB
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