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  • #401
  • Jan 19, 2016 11:26am Jan 19, 2016 11:26am
Quoting Hurst
I went short exactly on my timing line which was in the screen grab I posted, it show 13:00, but that is GKFX and they are 2 hours ahead of UK time. The cycle line is the time I shorted, I looked at where price had gone to before this time and I put my stop 20 pips above the high you can see at 169.07. With time and price points, sometimes the high is the highest close, not always the highest bar, but it can be so I don't want to get kicked out of a trade because I placed my stop too close, once the trade runs my way I bring my stop down, so if...
Yes it does, Thank You.

Can you describe how you moved your stops as price went down and where and why you exited when you did ?

Your entry was excellent but I was wondering why you didn't wait for some kind of price confirmation before going short since price was still moving up at the time you went short.

Borg
May the Forex be with you.
  • #402
  • Jan 19, 2016 12:17pm Jan 19, 2016 12:17pm
Quoting Hurst
I am watching a 34 bar cycle on the 15 min chart provided we don't take out the first low of 15th Jan I would attempt a long position here for a run back to the top at 169. It is possible that the low you can see today is in, however I have to see reactions to the upside off my cycles, to show me when the market is changing direction, the next cycle is 21:30 GKFX time so I will not enter untill that time is reached.{image} If there is no reaction on this cycle I am looking for a 55 bar cycle around midnight BWT
BUY there Hurst ?
  • #403
  • Jan 19, 2016 12:22pm Jan 19, 2016 12:22pm
If you look to the left of my entry you can see a really big spike, that indicated there were sellers up there. I was confidant that my timing cycle would work, as I said sometimes it is not always the highest high but the highest close, once my stop was at break even I went out for a walk with my take profit set. My take profit was based on the idea that the market might make a further push to the upside. I was not expecting such a deep retrace, if I had been at my PC I would have waited for the 4 hours.

I think the up cycle has started in the GBPJPY, so my bias was focused to the upside, in hindsight I have to always remember the first retraces are always deep, much deeper than you think.
  • #404
  • Jan 19, 2016 12:24pm Jan 19, 2016 12:24pm
Quoting Hurst
If you look to the left of my entry you can see a really big spike, that indicated there were sellers up there. I was confidant that my timing cycle would work, as I said sometimes it is not always the highest high but the highest close, once my stop was at break even I went out for a walk with my take profit set. My take profit was based on the idea that the market might make a further push to the upside. I was not expecting such a deep retrace, if I had been at my PC I would have waited for the 4 hours. I think the up cycle has started in the...
Hurst I PM you. Please respond. I Would like to join.
  • #405
  • Jan 19, 2016 12:45pm Jan 19, 2016 12:45pm
I will catch up with my backlog tommorrow
  • #406
  • Jan 19, 2016 1:36pm Jan 19, 2016 1:36pm
Hi Hurst,

What happens after someone passes all the 4 levels?
  • #407
  • Jan 19, 2016 1:38pm Jan 19, 2016 1:38pm
Hello Hurst, i sent some PMs to you but i didnt receive any answer.

I would like to join

Thanks in advance
regards
  • #408
  • Jan 19, 2016 2:40pm Jan 19, 2016 2:40pm
Quoting bryan1618
Hi Hurst, What happens after someone passes all the 4 levels?

You get to do a short 14 day trial then you go to a real money account of $150,000, you get to keep the first $5,ooo that you make and you become my first trader for my fund.

Hurst
  • #409
  • Jan 19, 2016 2:41pm Jan 19, 2016 2:41pm
Hello Hurst,

I send you a email to your mail. I'm very interesting to join to you.

Cheers.
  • #410
  • Jan 19, 2016 4:38pm Jan 19, 2016 4:38pm
Quoting Hurst
I am watching a 34 bar cycle on the 15 min chart provided we don't take out the first low of 15th Jan I would attempt a long position here for a run back to the top at 169. It is possible that the low you can see today is in, however I have to see reactions to the upside off my cycles, to show me when the market is changing direction, the next cycle is 21:30 GKFX time so I will not enter untill that time is reached.{image} If there is no reaction on this cycle I am looking for a 55 bar cycle around midnight BWT
Hurst, will you give a sign when to buy GJ ?
  • #411
  • Jan 19, 2016 7:00pm Jan 19, 2016 7:00pm
Quoting Kubiasty
{quote} Hurst, will you give a sign when to buy GJ ?
You should be selling GJ not buying
Shit Happens
  • #412
  • Jan 19, 2016 8:38pm Jan 19, 2016 8:38pm
Hello Hurst.Send you a message over a few days, but haven't received a reply.Can I join you？

Thanks in advance
regards
  • #413
  • Jan 20, 2016 12:43am Jan 20, 2016 12:43am
GBPJPY
arrived to destination 165.539 as month support. closing on a daily below this line we open a gate to 162.614 - 161.710 confirmation for this scenario is 164.617 as week support
if we bounce from here TP is 168.464 - 169.367
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 586 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #414
  • Jan 20, 2016 2:22am Jan 20, 2016 2:22am
Quoting prozor7
GBPJPY arrived to destination 165.539 as month support. closing on a daily below this line we open a gate to 162.614 - 161.710 confirmation for this scenario is 164.617 as week support if we bounce from here TP is 168.464 - 169.367 {image}

Hi everyone

Very interesting thread

Agree with you prozor
  • #415
  • Jan 20, 2016 2:31am Jan 20, 2016 2:31am
Quoting prozor7
GBPJPY arrived to destination 165.539 as month support. closing on a daily below this line we open a gate to 162.614 - 161.710 confirmation for this scenario is 164.617 as week support if we bounce from here TP is 168.464 - 169.367 {image}

I sent out an email this morning regarding the GBPJPY, I am also posting the reasons here as well. Usually the GBPJPY does not go down in a straight line. Although it might appear to be so sometimes. I closed yesterdays trade too early in retrospect, but I made money on it and it was an intraday trade, so if you are day trading you are not holding overnight. A position trade in the GBPJPY should have been taken ages ago, we have two cycles in the GBPJPY a 7 week cycle and a 10 week cycle, the 7 week cycle is passed and we are right in the middle of the 10 week cycle. So we are in a possible bounce area
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_Monthly_cycles_20th_Jan.png Size: 82 KB


Until I can see a double bottom I would favor short trades, I have a cycle hitting today between 15:45 and 16:30, I was hoping for an up move into this cycle and taking a short at either 166.41 or 167.40 area. If there is a move down into this area and price hits 163.71, I would consider a long, very important, on an hour chart, I don't want to see a close below this area. Price might spike through it, but it should not close through it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_20th_Jan_2016.png Size: 74 KB
  • #416
  • Jan 20, 2016 2:33am Jan 20, 2016 2:33am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-01-20-13-51-24.png Size: 125 KB
  • #417
  • Jan 20, 2016 3:58am Jan 20, 2016 3:58am
Hello Hurst:

Do you know why there was a sudden spike up in price in GBPJPY around 4:41 EST. Over 80 pips in the 1 min bar ? Seems very strange. Is it just news related ?

Borg
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_20160120_0441_Spike.jpg Size: 840 KB
May the Forex be with you.
  • #418
  • Jan 20, 2016 4:21am Jan 20, 2016 4:21am
GBPJPY
165.539 stop up move watching 165.096 - 164.612
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 669 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #419
  • Edited 5:08am Jan 20, 2016 4:30am | Edited 5:08am
Yes it is news related, all the MM did was take back their shorts and stop out the people that had gone short this morning. V bottoms like this can be a warning that cycles might be interacting with this market so keep on your toes. It is never possible to be 100% sure that a cycle is in, so you must watch price, double bottoms, double tops to give you the heads up that things are changing.

I am also watching the GBPUSD the two white lines are time cycles and the red zones are price areas where I would be looking to go short if there is a price and time conjunction I would short at which ever level it is at.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_set_up_20th_Jan_2016.png Size: 77 KB
  • #420
  • Jan 20, 2016 4:52am Jan 20, 2016 4:52am
I am considering shorting the GBPJPY at 11am BWT and holding the trade for at least 165 minutes targeting the last low stop 165.65 target 163.85
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