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  #22491  
Old Feb 25, 2009 12:21pm
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Quote:
Originally Posted by ghous View Post
Ok I am long fiber...

..
Ghous.
Ghous.....
.
.
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  #22491  
Old Feb 25, 2009 12:21pm
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Originally Posted by ghous View Post
Ok I am long fiber...

..
Ghous.
Ghous.....
.
.
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  #22695  
Old Feb 27, 2009 10:12am
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gj.
.
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  #22695  
Old Feb 27, 2009 10:12am
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gj.
.
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  #22698  
Old Feb 27, 2009 10:25am
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dj.
.
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  #22701  
Old Feb 27, 2009 10:27am
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Quote:
Originally Posted by ikki View Post
That chart says everything. Watching the crosses S/R.
Mark, you went long again?
not on yen.. missed my entry @ 137.
i'm long gu, eu, au and nu
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  #22706  
Old Feb 27, 2009 10:43am
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Originally Posted by Luso View Post
HI Rac,

May I ask what are your targets on E/U?

I am long at 1.2655. TP1 at 1.2730 and TP2 at 1.2830 Stop at 1.2599
If price dont get to any of that points above, I'll close all positions before market closes.

ty in advance,
1. 1.27 (just hit) moved stop to be @1.26326
2. 1.3060
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  #22710  
Old Feb 27, 2009 10:51am
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Originally Posted by jarroo View Post
4 or 5 times is a charm razcek?
looking at my entry in the pf... he, he?
I'm still in from the fourth.... (survived sl by 30ps thanks to dj)
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  #22698  
Old Feb 27, 2009 10:25am
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dj.
.
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  #22701  
Old Feb 27, 2009 10:27am
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Quote:
Originally Posted by ikki View Post
That chart says everything. Watching the crosses S/R.
Mark, you went long again?
not on yen.. missed my entry @ 137.
i'm long gu, eu, au and nu
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  #22706  
Old Feb 27, 2009 10:43am
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Quote:
Originally Posted by Luso View Post
HI Rac,

May I ask what are your targets on E/U?

I am long at 1.2655. TP1 at 1.2730 and TP2 at 1.2830 Stop at 1.2599
If price dont get to any of that points above, I'll close all positions before market closes.

ty in advance,
1. 1.27 (just hit) moved stop to be @1.26326
2. 1.3060
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  #22710  
Old Feb 27, 2009 10:51am
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Quote:
Originally Posted by jarroo View Post
4 or 5 times is a charm razcek?
looking at my entry in the pf... he, he?
I'm still in from the fourth.... (survived sl by 30ps thanks to dj)
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  #22712  
Old Feb 27, 2009 10:56am
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Originally Posted by Jlr View Post
Sorry reczekfx, but I don't understand. You had this resistance on the DJ, so you waited for it to approach, and then went long on GBP/JPY? Or you waited for it to turn around, and then hopped onto the GBP/JPY? Interesting stuff, trying to learn this sort of thing, but is just a tad over my head atm Appreciate the ideas though
you have check post 22701

These are not ideas, but a rock solid system supported by the PA.
I don't trade on ideas....
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  #22712  
Old Feb 27, 2009 10:56am
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Originally Posted by Jlr View Post
Sorry reczekfx, but I don't understand. You had this resistance on the DJ, so you waited for it to approach, and then went long on GBP/JPY? Or you waited for it to turn around, and then hopped onto the GBP/JPY? Interesting stuff, trying to learn this sort of thing, but is just a tad over my head atm Appreciate the ideas though
you have check post 22701

These are not ideas, but a rock solid system supported by the PA.
I don't trade on ideas....
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  #22765  
Old Mar 1, 2009 6:12pm
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Originally Posted by Gerard212 View Post
Hi Rac

Can i ask please your entry points on your trades.

Thanks Gerard
not sure how this would help . I don't trade 'traditional' PA

1.4182; 1.2630; .6358; .4997

all flat just before market closed on Friday.
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  #22766  
Old Mar 1, 2009 6:30pm
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gj, uc, gchf.
.
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  #22765  
Old Mar 1, 2009 6:12pm
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Quote:
Originally Posted by Gerard212 View Post
Hi Rac

Can i ask please your entry points on your trades.

Thanks Gerard
not sure how this would help . I don't trade 'traditional' PA

1.4182; 1.2630; .6358; .4997

all flat just before market closed on Friday.
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  #22766  
Old Mar 1, 2009 6:30pm
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gj, uc, gchf.
.
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  #22781  
Old Mar 2, 2009 9:16am
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Quote:
Originally Posted by bakko85 View Post
Hi Daresfile,

the only way you have to study James16 PA theory is to read the thread, starting from the beginning! In the first pages you can find some basic principles, but if you want to learn more you've to read, read read, and demoing demoing demoing..
You can also join James16 Private Forum..
I wouldn't recommend a private forum for him. Reading this thread a couple of times and mastering J16PA is what I advice first if he's that new.
This thread is like kindergarten and elementary school, and private forum is more like university.
You don't go straight to university after you just started walking.... unless you want your head to grow bigger than the rest of your body....
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  #22781  
Old Mar 2, 2009 9:16am
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Quote:
Originally Posted by bakko85 View Post
Hi Daresfile,

the only way you have to study James16 PA theory is to read the thread, starting from the beginning! In the first pages you can find some basic principles, but if you want to learn more you've to read, read read, and demoing demoing demoing..
You can also join James16 Private Forum..
I wouldn't recommend a private forum for him. Reading this thread a couple of times and mastering J16PA is what I advice first if he's that new.
This thread is like kindergarten and elementary school, and private forum is more like university.
You don't go straight to university after you just started walking.... unless you want your head to grow bigger than the rest of your body....
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  #22805  
Old Mar 2, 2009 3:41pm
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Quote:
Originally Posted by supremeChaos View Post
Nice analogy too, between school & J16. but where's high school? we can skip some levels or advance/get accelerated, can't we?
lol... it was left out on purpose to see if anyone care to notice... and I have to pay you a complement. Observant people are in those 3% of traders who make money in this business...

I consider high school to be our DD and R&D
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  #22805  
Old Mar 2, 2009 3:41pm
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Quote:
Originally Posted by supremeChaos View Post
Nice analogy too, between school & J16. but where's high school? we can skip some levels or advance/get accelerated, can't we?
lol... it was left out on purpose to see if anyone care to notice... and I have to pay you a complement. Observant people are in those 3% of traders who make money in this business...

I consider high school to be our DD and R&D
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  #22829  
Old Mar 2, 2009 11:20pm
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Quote:
Originally Posted by ghous View Post
Why do you want to constantly bet on a strong DJ when it's been thrown abt by the major companies it consists of??
Not so much strong, but rather its behavior around certain areas of SRs. Besides when everyone throws a towel... can we say 'we hit the bottom'? Wonder what some people who traded equities for 20years + have to say about that...?

and this is why...

I longed all these plus gj at 6pm est and based on anticipated bounce in dow futures after it posted 300ps drop today.
I promise, I won't mention dow futures here anymore....
.
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Last edited by raczekfx, Mar 2, 2009 11:33pm
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  #22829  
Old Mar 2, 2009 11:20pm
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Quote:
Originally Posted by ghous View Post
Why do you want to constantly bet on a strong DJ when it's been thrown abt by the major companies it consists of??
Not so much strong, but rather its behavior around certain areas of SRs. Besides when everyone throws a towel... can we say 'we hit the bottom'? Wonder what some people who traded equities for 20years + have to say about that...?

and this is why...

I longed all these plus gj at 6pm est and based on anticipated bounce in dow futures after it posted 300ps drop today.
I promise, I won't mention dow futures here anymore....
.
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Last edited by raczekfx, Mar 2, 2009 11:33pm
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  #22832  
Old Mar 2, 2009 11:37pm
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Quote:
Originally Posted by darewood View Post
Rac,
Please dont stop posting your method dealing with S/R zones and DJ futures. I am just now starting to get the hang of it and its awesome when I do something and then see you post about the same thing I have done. Just builds my confidence more.
My apologies darewood, but a promise is a promise.. .
Let's concentrate on PA instead, which is much more reliable imho anyways..
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  #22832  
Old Mar 2, 2009 11:37pm
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Quote:
Originally Posted by darewood View Post
Rac,
Please dont stop posting your method dealing with S/R zones and DJ futures. I am just now starting to get the hang of it and its awesome when I do something and then see you post about the same thing I have done. Just builds my confidence more.
My apologies darewood, but a promise is a promise.. .
Let's concentrate on PA instead, which is much more reliable imho anyways..
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  #22962  
Old Mar 4, 2009 9:17am
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Default few trades from last night

some based on PA,
some on SR or SR flip
some on 'buy them when no one wants them'..

.
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  #22964  
Old Mar 4, 2009 9:32am
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Quote:
Originally Posted by ghous View Post

Whats RBD btw?
That's a typo...

now this is freaky.. I closed a couple positions few minutes back, while waiting for some dust to clear and checked my numbers....

.
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  #22962  
Old Mar 4, 2009 9:17am
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Default few trades from last night

some based on PA,
some on SR or SR flip
some on 'buy them when no one wants them'..

.
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  #22964  
Old Mar 4, 2009 9:32am
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Quote:
Originally Posted by ghous View Post

Whats RBD btw?
That's a typo...

now this is freaky.. I closed a couple positions few minutes back, while waiting for some dust to clear and checked my numbers....

.
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  #22985  
Old Mar 4, 2009 1:25pm
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Originally Posted by arcus View Post
Rac, do you still consider the 2nd arrow from the right as resistance and first arrow from the right as support?
breaking those three pinbars to the upside validates your blue line as support and at the same time it gives me signal to rush in with more longs.
hope this helps.
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  #22991  
Old Mar 4, 2009 2:11pm
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Originally Posted by arcus View Post
Thanks Rac. It sure helps me to understand better. And I had one more Q about the same chart. Don't we have another PPZ right above the are upside PBs. When I see this it would mean for me no trade as it directly against a PPZ. And this might be the box condition that always mentioned by Jims (J16), the new line that I draw is sort of middle area. What your process of thought when you first see this? I still don't get what to do in the middle of the box. Hope you can clear this up for me I've looked up past charts and demo the area, it where...
This is what happens when you guys start to trade on smaller (4hr) tf before you master higher tf first....

You endup questioning yourself over and over and see many more ppzs than necessary..
Make your trading simple otherwise, you will never enter a trade or close for 10pips once you're in it. That's not trading, That's torture.

This is what my gj chart look like.
Isn't it easier to trade off daily.... when you get on the bus around one of those SRs?
.
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  #23012  
Old Mar 4, 2009 6:03pm
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Quote:
Originally Posted by bakko85 View Post
Hi all,
i noticed i nice beob (i think) on usdchf. Attached there is the chart. There is a confluence of PPZ, and 2 Fibo ret; any comments? Will it go to test the trendline?

I think i will play it (demo) at the break of the bar..
imho, we'll get a pullback to about 1.1760/80 first, as fiber will probably retraces to 1.2570 as well.
Regardless, I will play fiber short on another 2670 failure and swissy long on either 1 or 4hr pin break..
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  #23015  
Old Mar 4, 2009 6:09pm
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Every time I post live trades before my stop gets moved to be, it works against me....
oh well.... what the heck....
.
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  #22985  
Old Mar 4, 2009 1:25pm
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Quote:
Originally Posted by arcus View Post
Rac, do you still consider the 2nd arrow from the right as resistance and first arrow from the right as support?
breaking those three pinbars to the upside validates your blue line as support and at the same time it gives me signal to rush in with more longs.
hope this helps.
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  #22991  
Old Mar 4, 2009 2:11pm
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Quote:
Originally Posted by arcus View Post
Thanks Rac. It sure helps me to understand better. And I had one more Q about the same chart. Don't we have another PPZ right above the are upside PBs. When I see this it would mean for me no trade as it directly against a PPZ. And this might be the box condition that always mentioned by Jims (J16), the new line that I draw is sort of middle area. What your process of thought when you first see this? I still don't get what to do in the middle of the box. Hope you can clear this up for me I've looked up past charts and demo the area, it where...
This is what happens when you guys start to trade on smaller (4hr) tf before you master higher tf first....

You endup questioning yourself over and over and see many more ppzs than necessary..
Make your trading simple otherwise, you will never enter a trade or close for 10pips once you're in it. That's not trading, That's torture.

This is what my gj chart look like.
Isn't it easier to trade off daily.... when you get on the bus around one of those SRs?
.
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  #23034  
Old Mar 4, 2009 7:25pm
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not very convincing rally on cable today. Can we break 3950...?
.
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  #23035  
Old Mar 4, 2009 7:29pm
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Default eu and uch traded

fiber ran into daily price pivot (ppz).
swissy broke pin mentioned before.
stops at BE.

Jarro w.a.you?
.
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Last edited by raczekfx, Mar 4, 2009 7:46pm
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  #23037  
Old Mar 4, 2009 8:24pm
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Quote:
Originally Posted by jarroo View Post
I'm glad I played the Weekly Euro PB like J16 . . .
oh so you're playing on weekly....

..and I thought it was you, who made 1500% profit in February and cashed in $ 25k price....

http://learncurrencytrading.com/Micro/KOM/FebResults/KOM1st.pdf

Scalping forex can also be profitable...
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  #23039  
Old Mar 4, 2009 8:52pm
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Quote:
Originally Posted by Jlr View Post
I wish I could of been eligible with the 25 they gave me, I made almost 4000 percent last month I'm in the competition this month now that I'm over 500, but I don't think I can be aggressive and as willing to lose 500, as I was 25. (wow looking at that leader board really makes me sad lol)

http://www.forexmicrolot.com/cnbc.jsp
link btw, free 25, takes about a week. a lot more fun then demoing
you're good.
i opened speculative account with them, in last week of Jan for the same purpose, but unfortunately kept one trade over the weekend (went wrong), so when the contest started on Feb. 1st, I was below required minimum. At the end of Feb, I ended up with 296%, but yours 4000.........
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  #23048  
Old Mar 4, 2009 10:02pm
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Quote:
Originally Posted by Jlr View Post
I've learned more practical information in the last 2 months here, then I have the entire 2 years before that. ..
I'm sure James will be happy,..... I'm.
It's always nice to see people making progress and prosper....
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  #23050  
Old Mar 4, 2009 10:05pm
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I saw this one earlier but passed..
Nice confluence though; daily ppz and 61fib.
.
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  #23012  
Old Mar 4, 2009 6:03pm
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Quote:
Originally Posted by bakko85 View Post
Hi all,
i noticed i nice beob (i think) on usdchf. Attached there is the chart. There is a confluence of PPZ, and 2 Fibo ret; any comments? Will it go to test the trendline?

I think i will play it (demo) at the break of the bar..
imho, we'll get a pullback to about 1.1760/80 first, as fiber will probably retraces to 1.2570 as well.
Regardless, I will play fiber short on another 2670 failure and swissy long on either 1 or 4hr pin break..
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  #23015  
Old Mar 4, 2009 6:09pm
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Every time I post live trades before my stop gets moved to be, it works against me....
oh well.... what the heck....
.
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  #23034  
Old Mar 4, 2009 7:25pm
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not very convincing rally on cable today. Can we break 3950...?
.
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  #23035  
Old Mar 4, 2009 7:29pm
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Default eu and uch traded

fiber ran into daily price pivot (ppz).
swissy broke pin mentioned before.
stops at BE.

Jarro w.a.you?
.
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Last edited by raczekfx, Mar 4, 2009 7:46pm
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  #23037  
Old Mar 4, 2009 8:24pm
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Quote:
Originally Posted by jarroo View Post
I'm glad I played the Weekly Euro PB like J16 . . .
oh so you're playing on weekly....

..and I thought it was you, who made 1500% profit in February and cashed in $ 25k price....

http://learncurrencytrading.com/Micro/KOM/FebResults/KOM1st.pdf

Scalping forex can also be profitable...
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  #23039  
Old Mar 4, 2009 8:52pm
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Quote:
Originally Posted by Jlr View Post
I wish I could of been eligible with the 25 they gave me, I made almost 4000 percent last month I'm in the competition this month now that I'm over 500, but I don't think I can be aggressive and as willing to lose 500, as I was 25. (wow looking at that leader board really makes me sad lol)

http://www.forexmicrolot.com/cnbc.jsp
link btw, free 25, takes about a week. a lot more fun then demoing
you're good.
i opened speculative account with them, in last week of Jan for the same purpose, but unfortunately kept one trade over the weekend (went wrong), so when the contest started on Feb. 1st, I was below required minimum. At the end of Feb, I ended up with 296%, but yours 4000.........
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  #23084  
Old Mar 5, 2009 7:11am
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Quote:
Originally Posted by raczekfx View Post
Every time I post live trades before my stop gets moved to be, it works against me....
oh well.... what the heck....
.
Scary, scary...
it worked nicely as well as all the other trades, but it sure has effect on psychology as Bundy said.... so no more live signals...
.
Quote:
Originally Posted by raczekfx View Post
imho, we'll get a pullback to about 1.1760/80 first, as fiber will probably retraces to 1.2570 as well.
Regardless, I will play fiber short on another 2670 failure and swissy long on either 1 or 4hr pin break..
Now I'm being told this is not the end of it... interesting....
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  #23088  
Old Mar 5, 2009 7:21am
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here are s/r levels as I see them... expect bounces..
(red dotted lines were my initial stops if someone's curious)
.
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  #23048  
Old Mar 4, 2009 10:02pm
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Quote:
Originally Posted by Jlr View Post
I've learned more practical information in the last 2 months here, then I have the entire 2 years before that. ..
I'm sure James will be happy,..... I'm.
It's always nice to see people making progress and prosper....
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  #23050  
Old Mar 4, 2009 10:05pm
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I saw this one earlier but passed..
Nice confluence though; daily ppz and 61fib.
.
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  #23129  
Old Mar 5, 2009 12:29pm
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Rebound or a tease.....
.
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  #23084  
Old Mar 5, 2009 7:11am
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Quote:
Originally Posted by raczekfx View Post
Every time I post live trades before my stop gets moved to be, it works against me....
oh well.... what the heck....
.
Scary, scary...
it worked nicely as well as all the other trades, but it sure has effect on psychology as Bundy said.... so no more live signals...
.
Quote:
Originally Posted by raczekfx View Post
imho, we'll get a pullback to about 1.1760/80 first, as fiber will probably retraces to 1.2570 as well.
Regardless, I will play fiber short on another 2670 failure and swissy long on either 1 or 4hr pin break..
Now I'm being told this is not the end of it... interesting....
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  #23136  
Old Mar 5, 2009 12:47pm
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Quote:
Originally Posted by Chris P View Post
enough of the darkside already!
wish granted....

Let's now test 1.2660 again..
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  #23149  
Old Mar 5, 2009 3:04pm
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Quote:
Originally Posted by Jlr View Post
I am trying to learn what you do, but I don't really understand it. The DJ hit 6600 level, so would that be an area to consider looking for a good long entry on xx/JPY pair? Looks like there is a lot of support there... but I don't really understand this method at all :P Any ideas? Ty
I won't even look at yen crosses today....

Not before Non Farm news is out. Tomorrow might be a different story, but not today. I have posted a couple of times in the past on my trading before payroll numbers are released. You'd have to do some digging...

I may go good size long tomorrow on au, nu, eu and gu, but not today....and since this has nothing to do with PA......
apologies for cryptology but there are many tools for different work..
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  #23155  
Old Mar 5, 2009 3:40pm
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Quote:
Originally Posted by AlexWong76 View Post
i cant find Dow future under FxPro or it's just me demo
.
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  #23088  
Old Mar 5, 2009 7:21am
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here are s/r levels as I see them... expect bounces..
(red dotted lines were my initial stops if someone's curious)
.
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  #23171  
Old Mar 5, 2009 9:22pm
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Originally Posted by ikki View Post
Mark,
Thanks for the PM.
Hey, did you went long at this time?
Almost the same situation like March 2.
If you meant yen then no.
I had a small positions in aussie and kiwi since 5, but flat now, too busy with zulutr,,
Tomorrow's busy day with payroll data. Regardless of the outcome I have a bias for weak $ and rally. We'll see. Trade wisely...
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  #23175  
Old Mar 5, 2009 10:49pm
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Quote:
Originally Posted by Jlr View Post
Read through your posts today, awesome stuff. I really like your ideas and they make a lot of sense. A lot of stuff I had been trying, but wasn't sure if it was exactly wise, or profitable, but good to see you do the same things with great success. I hope to eventually get that stuff down, its really impressive, some of those entries with no drawback, and the ones where you aren't even seeking PA, yet work so well . My mind is racing with so many more ideas now, that I think I need to lay down, but just wanted to say ty.
Welcome.
It all comes with practice, time and strong desire to succeed.
If you're not a quitter, you will succeed.
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  #23129  
Old Mar 5, 2009 12:29pm
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Rebound or a tease.....
.
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  #23136  
Old Mar 5, 2009 12:47pm
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Quote:
Originally Posted by Chris P View Post
enough of the darkside already!
wish granted....

Let's now test 1.2660 again..
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  #23149  
Old Mar 5, 2009 3:04pm
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Quote:
Originally Posted by Jlr View Post
I am trying to learn what you do, but I don't really understand it. The DJ hit 6600 level, so would that be an area to consider looking for a good long entry on xx/JPY pair? Looks like there is a lot of support there... but I don't really understand this method at all :P Any ideas? Ty
I won't even look at yen crosses today....

Not before Non Farm news is out. Tomorrow might be a different story, but not today. I have posted a couple of times in the past on my trading before payroll numbers are released. You'd have to do some digging...

I may go good size long tomorrow on au, nu, eu and gu, but not today....and since this has nothing to do with PA......
apologies for cryptology but there are many tools for different work..
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  #23155  
Old Mar 5, 2009 3:40pm
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Quote:
Originally Posted by AlexWong76 View Post
i cant find Dow future under FxPro or it's just me demo
.
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  #23171  
Old Mar 5, 2009 9:22pm
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Quote:
Originally Posted by ikki View Post
Mark,
Thanks for the PM.
Hey, did you went long at this time?
Almost the same situation like March 2.
If you meant yen then no.
I had a small positions in aussie and kiwi since 5, but flat now, too busy with zulutr,,
Tomorrow's busy day with payroll data. Regardless of the outcome I have a bias for weak $ and rally. We'll see. Trade wisely...
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  #23175  
Old Mar 5, 2009 10:49pm
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Quote:
Originally Posted by Jlr View Post
Read through your posts today, awesome stuff. I really like your ideas and they make a lot of sense. A lot of stuff I had been trying, but wasn't sure if it was exactly wise, or profitable, but good to see you do the same things with great success. I hope to eventually get that stuff down, its really impressive, some of those entries with no drawback, and the ones where you aren't even seeking PA, yet work so well . My mind is racing with so many more ideas now, that I think I need to lay down, but just wanted to say ty.
Welcome.
It all comes with practice, time and strong desire to succeed.
If you're not a quitter, you will succeed.
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  #23236  
Old Mar 6, 2009 10:55am
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Quote:
Originally Posted by ikki View Post
Mark,
Sometimes, you take trades without PA in minor S/R in 4h...
But when you take in monthly and weekly PPZ or S/R your probabilities of succeed increase dramatically
Am I right?
Absolutely...
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  #23243  
Old Mar 6, 2009 11:47am
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Originally Posted by Chris P View Post
and slightly larger TF...
.
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  #23245  
Old Mar 6, 2009 12:01pm
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Originally Posted by ikki View Post
6530 , seems like a magic number, will see....
6800 and then 7200 are mine. Give it a month.
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  #23246  
Old Mar 6, 2009 12:08pm
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pin off minor support working against 4hr beovb.
tag of war is going on. We'll we hit 2780 (my st tp) later today
It would be very nice... we'll see. Worse comes worse we'll get stopped out at BE plus some..
.
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  #23236  
Old Mar 6, 2009 10:55am
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Quote:
Originally Posted by ikki View Post
Mark,
Sometimes, you take trades without PA in minor S/R in 4h...
But when you take in monthly and weekly PPZ or S/R your probabilities of succeed increase dramatically
Am I right?
Absolutely...
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  #23243  
Old Mar 6, 2009 11:47am
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Smile know your targets, know your stops

Quote:
Originally Posted by Chris P View Post
and slightly larger TF...
.
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  #23245  
Old Mar 6, 2009 12:01pm
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Quote:
Originally Posted by ikki View Post
6530 , seems like a magic number, will see....
6800 and then 7200 are mine. Give it a month.
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  #23246  
Old Mar 6, 2009 12:08pm
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pin off minor support working against 4hr beovb.
tag of war is going on. We'll we hit 2780 (my st tp) later today
It would be very nice... we'll see. Worse comes worse we'll get stopped out at BE plus some..
.
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  #23589  
Old Mar 12, 2009 1:20pm
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Quote:
Originally Posted by pizdun View Post
anyone keeping an eyee on this?
Yes, but it was just a short intraday trade for me (lack of time lately). I'll check tomorrow how the weekly closes.....
.
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  #23589  
Old Mar 12, 2009 1:20pm
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Quote:
Originally Posted by pizdun View Post
anyone keeping an eyee on this?
Yes, but it was just a short intraday trade for me (lack of time lately). I'll check tomorrow how the weekly closes.....
.
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  #23644  
Old Mar 12, 2009 9:47pm
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Quote:
Originally Posted by gododdin View Post

I'm in this for the long haul and hopefully I've already proved that I'm not afraid to put in the hours - I think I've been on the wrong road though, and you're right, it's time to step back and unlearn some stuff. I have ploughed my way through what for me were some incredibly complex and I think probably very scholarly books (anyone read Fibonacci Analysis by Constance Brown for example) but none of it seems to have helped.

"Tortured soul" is right...
J16 is a simple method, so I'm sure with time and practice you will succeed.
Below is a curve of pure j16 trades on one of my conservative accounts over 8 month period. Well, first 30 trades were pure 16 (pins, beovb, etc..) 31-70 are still J16 trades but traded only around good confluence or ppzs.

You're not alone here. Take time to digest this material and demo until you can trade bars with your eyes close. As someone already mentioned, it's well worth studying it.
I can assure you this curve had a different slope few years ago.., but I didn't know James then...
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  #23644  
Old Mar 12, 2009 9:47pm
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Quote:
Originally Posted by gododdin View Post

I'm in this for the long haul and hopefully I've already proved that I'm not afraid to put in the hours - I think I've been on the wrong road though, and you're right, it's time to step back and unlearn some stuff. I have ploughed my way through what for me were some incredibly complex and I think probably very scholarly books (anyone read Fibonacci Analysis by Constance Brown for example) but none of it seems to have helped.

"Tortured soul" is right...
J16 is a simple method, so I'm sure with time and practice you will succeed.
Below is a curve of pure j16 trades on one of my conservative accounts over 8 month period. Well, first 30 trades were pure 16 (pins, beovb, etc..) 31-70 are still J16 trades but traded only around good confluence or ppzs.

You're not alone here. Take time to digest this material and demo until you can trade bars with your eyes close. As someone already mentioned, it's well worth studying it.
I can assure you this curve had a different slope few years ago.., but I didn't know James then...
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  #23745  
Old Mar 14, 2009 12:42pm
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Quote:
Originally Posted by alter View Post
Hello guys.
I read a lot of post about how important it is to move SL to BE as soon as first S/R level is reached. The problem is that I'm stopped out at BE very often with this approach.
BE looks like artificial level to me, so if we use PPZ for entering our trades and for PT projection, isn't it better to hide SL behind next S/R level instead of immediate moving to BE?
Thank you
alter
Being stopped at BE is part of this business and happens a lot if you're ultra cautious. You can minimize it by being very picky with your setups or as you mentioned, keep sl behind previous s/r. Just be prepared for drawdowns if you use second approach. I don't mind being stopped out at BE, but I'm really happy If I catch a good trade, like g/chf last Thursday or g/j on Friday. With g/j, I simply set buy order above daily pin and set tp 100ps higher where I expected price to have some difficulties. When I woke up and checked the trade it was already closed, but I really appreciated the fact that it was a good trade with 0 drawdown.
Just keep practicing and you'll get what you want one day..
.
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  #23745  
Old Mar 14, 2009 12:42pm
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Quote:
Originally Posted by alter View Post
Hello guys.
I read a lot of post about how important it is to move SL to BE as soon as first S/R level is reached. The problem is that I'm stopped out at BE very often with this approach.
BE looks like artificial level to me, so if we use PPZ for entering our trades and for PT projection, isn't it better to hide SL behind next S/R level instead of immediate moving to BE?
Thank you
alter
Being stopped at BE is part of this business and happens a lot if you're ultra cautious. You can minimize it by being very picky with your setups or as you mentioned, keep sl behind previous s/r. Just be prepared for drawdowns if you use second approach. I don't mind being stopped out at BE, but I'm really happy If I catch a good trade, like g/chf last Thursday or g/j on Friday. With g/j, I simply set buy order above daily pin and set tp 100ps higher where I expected price to have some difficulties. When I woke up and checked the trade it was already closed, but I really appreciated the fact that it was a good trade with 0 drawdown.
Just keep practicing and you'll get what you want one day..
.
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  #23752  
Old Mar 14, 2009 1:28pm
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Quote:
Originally Posted by Bemac View Post
Uhh. a little confused. You posted a 4Hr chart showing 17 Bars that formed a Daily Pin. 17*4=...
OR
were you refering to the Long Tail Low Candle as 'the Pin'?

Nice Trade though.
apologies for lousy job with rectangle. if should be 6*4 or look like below.
4hr was shown to make next res zone stand out little better. Since it was friday, there was no intention to marry the trade.
.
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  #23756  
Old Mar 14, 2009 2:29pm
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Quote:
Originally Posted by dengzhi View Post
I know your TP was 100 pips and you had 0 drawdown, but I'm curious as to what you had your SL set as?

thanks
to be honest i had two long entries
1. on the break of that highlighted 1hr pin (136.06)
2. on the break of a daily pin (136.60)

stop for both was set at 135.10 below hourly swing low.
.
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  #23752  
Old Mar 14, 2009 1:28pm
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Quote:
Originally Posted by Bemac View Post
Uhh. a little confused. You posted a 4Hr chart showing 17 Bars that formed a Daily Pin. 17*4=...
OR
were you refering to the Long Tail Low Candle as 'the Pin'?

Nice Trade though.
apologies for lousy job with rectangle. if should be 6*4 or look like below.
4hr was shown to make next res zone stand out little better. Since it was friday, there was no intention to marry the trade.
.
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  #23756  
Old Mar 14, 2009 2:29pm
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Quote:
Originally Posted by dengzhi View Post
I know your TP was 100 pips and you had 0 drawdown, but I'm curious as to what you had your SL set as?

thanks
to be honest i had two long entries
1. on the break of that highlighted 1hr pin (136.06)
2. on the break of a daily pin (136.60)

stop for both was set at 135.10 below hourly swing low.
.
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  #23895  
Old Mar 16, 2009 6:05pm
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Default DJ

.
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  #23895  
Old Mar 16, 2009 6:05pm
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Default DJ

.
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  #23903  
Old Mar 16, 2009 8:04pm
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Quote:
Originally Posted by HipsterPipster View Post
That 7400 looks nice. But, an indecision bar with UJ? Something smells funny, other than UJ is consolidating.
Right..
I have a bias for yen crosses to go much higher. They will most likely follow CHFs, but when...?
It remains to be seen.

The ideal scenario (for me) would be for dj to break that daily pin and stall around 7020/60. Then a bounce from that area to next tp around 7800. If that sees the light, we should also get a nice grandma bus, full of longs jpy and chfs crosses..

Just speculating of course...
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  #23903  
Old Mar 16, 2009 8:04pm
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Quote:
Originally Posted by HipsterPipster View Post
That 7400 looks nice. But, an indecision bar with UJ? Something smells funny, other than UJ is consolidating.
Right..
I have a bias for yen crosses to go much higher. They will most likely follow CHFs, but when...?
It remains to be seen.

The ideal scenario (for me) would be for dj to break that daily pin and stall around 7020/60. Then a bounce from that area to next tp around 7800. If that sees the light, we should also get a nice grandma bus, full of longs jpy and chfs crosses..

Just speculating of course...
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  #23991  
Old Mar 18, 2009 6:20am
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I'm no expert, but you bought it when I was looking to sell. That doesn't mean anything but...

1. you bought it on retrace to area of confluence (day-week ppz, rac's favorite retrace - 50fib of 8hr pin)
2..forgot what I was gonna say here
3. I remember... Since you're trading on 1hr TF, I assume you're profitable on weekly and daily TF? If not, you'll find your account grow much faster if you move up a notch.. Trust me.

Anyways, just in case you're curious about my trading plan at a time you went long. If not, just ignore this part below:

I missed that short (aggressive off confluence), but then I got PA (4hr beovb) off of ppz few bars later. Waited for a break, and then a retrace and then finally got my trade last night when I saw price exhausting...

I guess every trader sees different things.. perhaps you' I just got lucky and your long could've gone through the roof... but there was still one problem with that .... FOMC.
From my limited observation - nothing goes through the roof, before that's out of the way... and yes I expect fireworks later today...
You guys watch that e/chf and g/chf....
Happy trading.

Quote:
Originally Posted by 786 trading View Post
I bought at G/U last night and it hit my stop loss. I bought it on previous two candles break out and thought trend is continuing upward. But it hit my stop loss.
I am trying to find why it was bad trade.
Thanks in advance for everybody.
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  #23999  
Old Mar 18, 2009 8:38am
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Hello flyer,
No, I didn't know it was going to retrace, but I'm glad it did since I missed my speculative entry the day before and I didn't want to chase it.
As you probably noticed, my stop was set at 1.4125, just above 2 -4hr bars high and weekly ppz (purlple line on my chart). Should I have your entry, I would still place my stop at 1.4125, but would probably cut my order size in half. When you look at 1hr, price started to form kind of 'arch' last night. That usually adds to my confidence...
I always hide my stops behind good (imo) ppz

damn... just missed fiber long.


Quote:
Originally Posted by flyer415 View Post
Rac,

i took that GU trade short last night at 1.3995 prior to that minor retrace. I put a SL just behind what i thought was the ppz at 1.4066. Got stopped out by a few pips then found out this morning that it decided to go where I thought it would.

1. Was my SL too tight? I normally go with a 100 SL or max on the PB.
or
2. Was I dreaming in thinking that a ppz existed at 1.4050.
or
3. Just the way it went.

Did you know it would retrace and should I have waited for after the retrace?

Thanks
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  #23991  
Old Mar 18, 2009 6:20am
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I'm no expert, but you bought it when I was looking to sell. That doesn't mean anything but...

1. you bought it on retrace to area of confluence (day-week ppz, rac's favorite retrace - 50fib of 8hr pin)
2..forgot what I was gonna say here
3. I remember... Since you're trading on 1hr TF, I assume you're profitable on weekly and daily TF? If not, you'll find your account grow much faster if you move up a notch.. Trust me.

Anyways, just in case you're curious about my trading plan at a time you went long. If not, just ignore this part below:

I missed that short (aggressive off confluence), but then I got PA (4hr beovb) off of ppz few bars later. Waited for a break, and then a retrace and then finally got my trade last night when I saw price exhausting...

I guess every trader sees different things.. perhaps you' I just got lucky and your long could've gone through the roof... but there was still one problem with that .... FOMC.
From my limited observation - nothing goes through the roof, before that's out of the way... and yes I expect fireworks later today...
You guys watch that e/chf and g/chf....
Happy trading.

Quote:
Originally Posted by 786 trading View Post
I bought at G/U last night and it hit my stop loss. I bought it on previous two candles break out and thought trend is continuing upward. But it hit my stop loss.
I am trying to find why it was bad trade.
Thanks in advance for everybody.
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  #23999  
Old Mar 18, 2009 8:38am
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Hello flyer,
No, I didn't know it was going to retrace, but I'm glad it did since I missed my speculative entry the day before and I didn't want to chase it.
As you probably noticed, my stop was set at 1.4125, just above 2 -4hr bars high and weekly ppz (purlple line on my chart). Should I have your entry, I would still place my stop at 1.4125, but would probably cut my order size in half. When you look at 1hr, price started to form kind of 'arch' last night. That usually adds to my confidence...
I always hide my stops behind good (imo) ppz

damn... just missed fiber long.


Quote:
Originally Posted by flyer415 View Post
Rac,

i took that GU trade short last night at 1.3995 prior to that minor retrace. I put a SL just behind what i thought was the ppz at 1.4066. Got stopped out by a few pips then found out this morning that it decided to go where I thought it would.

1. Was my SL too tight? I normally go with a 100 SL or max on the PB.
or
2. Was I dreaming in thinking that a ppz existed at 1.4050.
or
3. Just the way it went.

Did you know it would retrace and should I have waited for after the retrace?

Thanks
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  #24008  
Old Mar 18, 2009 10:32am
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Quote:
Originally Posted by advfntrader View Post
I am REALLY struggling to stick to Daily charts, I keep going down in timeframes and my account suffers for it. its like a yo-yo up and down.
I'm not sure how long it will take to sink in that Daily is the way to go...
Sometimes it takes few accounts, sometimes longer... and this is not a joke..

I think you need to develop a patience and take only the best setups.
You can also change all your charts to daily tf and only check them (refuse to go lower) at 5pm est (that's a start of a new day for me). It only takes 10-15 min to scout 30 markets for daily setups... You can throw your daily setups in this thread at the end of the day. I'm sure there will be many to comment on it.
Trading off daily can be very profitable ... with time and practice.

You can also check THIS post. It might help.
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  #24008  
Old Mar 18, 2009 10:32am
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Quote:
Originally Posted by advfntrader View Post
I am REALLY struggling to stick to Daily charts, I keep going down in timeframes and my account suffers for it. its like a yo-yo up and down.
I'm not sure how long it will take to sink in that Daily is the way to go...
Sometimes it takes few accounts, sometimes longer... and this is not a joke..

I think you need to develop a patience and take only the best setups.
You can also change all your charts to daily tf and only check them (refuse to go lower) at 5pm est (that's a start of a new day for me). It only takes 10-15 min to scout 30 markets for daily setups... You can throw your daily setups in this thread at the end of the day. I'm sure there will be many to comment on it.
Trading off daily can be very profitable ... with time and practice.

You can also check THIS post. It might help.
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  #24039  
Old Mar 18, 2009 12:45pm
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Default mid term Tr plan for chfs and jpys if we get rally in equities.

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  #24040  
Old Mar 18, 2009 12:47pm
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Quote:
Originally Posted by joebryce View Post
Did anyone enter the break of the Usd/Cad BUOB. I can't post a chart but it broke and immediately formed a nice PB going the other way.
not yet waiting to.. just before fomc
pullback to 2780 - 2840 would be good imho. flat out just above
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  #24039  
Old Mar 18, 2009 12:45pm
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Default mid term Tr plan for chfs and jpys if we get rally in equities.

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  #24040  
Old Mar 18, 2009 12:47pm
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Quote:
Originally Posted by joebryce View Post
Did anyone enter the break of the Usd/Cad BUOB. I can't post a chart but it broke and immediately formed a nice PB going the other way.
not yet waiting to.. just before fomc
pullback to 2780 - 2840 would be good imho. flat out just above
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  #24069  
Old Mar 18, 2009 2:47pm
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Originally Posted by raczekfx View Post
not yet waiting to.. just before fomc
pullback to 2780 - 2840 would be good imho. flat out just above
ok
here are my some of my trades for fomc (I posted my watch list bias in pf before fomc)
nice trades
1. bought fiber @ 3132 (manual order before the news)
2. set buy limit fiber 3080 (never triggered)
3. set buy limit fiber 3162 (triggered after fomc)
4. sold u/cad 2709 (manual entry before fomc)
5. bought cable at 3974
bad trades
6. set buy e/chf 5626 (closed for a small profit)
7. bought g/chf at 6275 (almost stopped out, closed for a small loss)
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  #24070  
Old Mar 18, 2009 2:49pm
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Default History repeats itself

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Originally Posted by raczekfx View Post
ok
here are my some of my trades for fomc (I posted my watch list bias in pf before fomc)
hope everyone made a few pips
here is my 'biased' fiber chart from pf:
later
r

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  #24069  
Old Mar 18, 2009 2:47pm
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Quote:
Originally Posted by raczekfx View Post
not yet waiting to.. just before fomc
pullback to 2780 - 2840 would be good imho. flat out just above
ok
here are my some of my trades for fomc (I posted my watch list bias in pf before fomc)
nice trades
1. bought fiber @ 3132 (manual order before the news)
2. set buy limit fiber 3080 (never triggered)
3. set buy limit fiber 3162 (triggered after fomc)
4. sold u/cad 2709 (manual entry before fomc)
5. bought cable at 3974
bad trades
6. set buy e/chf 5626 (closed for a small profit)
7. bought g/chf at 6275 (almost stopped out, closed for a small loss)
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  #24070  
Old Mar 18, 2009 2:49pm
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Default History repeats itself

Quote:
Originally Posted by raczekfx View Post
ok
here are my some of my trades for fomc (I posted my watch list bias in pf before fomc)
hope everyone made a few pips
here is my 'biased' fiber chart from pf:
later
r

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  #24144  
Old Mar 18, 2009 8:45pm
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after recording low of 3840 earlier in the morning price have played with my 4hr pzz (I have lowered tf to 1hr to better show those tests - bounces )
I simply bought one of those bounces, since I expected dejavu from Dec. 2008 (similar PA on us based crosses)

Quote:
Originally Posted by LePip View Post
Hi Race,

Good job! Quick question, if you don't mind.

Why did you go long on GU at 3974?

Thanks.
Le Pip
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  #24145  
Old Mar 18, 2009 8:59pm
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Quote:
Originally Posted by gorubin View Post
Hi I entered the USD/CAD short when it broke off the weekly BEOB this morning...Had to endure the immediate drawdown of up to -130 I think but now I closed most of it for a nice +145 pips, the rest moved to B/E and a more aggressive target...pheeww, that was a tough one.

My question to raczekfx or other more senior members or PF members is...was it stupid to enter a trade before the pending FOMC meeting
If it was, I would not be in a trade. A retrace allowed me to carry out this weekly setup with much more weight. Luckily for me it happened; there are times we don't get a retrace, hence miss a trade if we're not in on the original brake.
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  #24144  
Old Mar 18, 2009 8:45pm
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after recording low of 3840 earlier in the morning price have played with my 4hr pzz (I have lowered tf to 1hr to better show those tests - bounces )
I simply bought one of those bounces, since I expected dejavu from Dec. 2008 (similar PA on us based crosses)

Quote:
Originally Posted by LePip View Post
Hi Race,

Good job! Quick question, if you don't mind.

Why did you go long on GU at 3974?

Thanks.
Le Pip
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  #24145  
Old Mar 18, 2009 8:59pm
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Quote:
Originally Posted by gorubin View Post
Hi I entered the USD/CAD short when it broke off the weekly BEOB this morning...Had to endure the immediate drawdown of up to -130 I think but now I closed most of it for a nice +145 pips, the rest moved to B/E and a more aggressive target...pheeww, that was a tough one.

My question to raczekfx or other more senior members or PF members is...was it stupid to enter a trade before the pending FOMC meeting
If it was, I would not be in a trade. A retrace allowed me to carry out this weekly setup with much more weight. Luckily for me it happened; there are times we don't get a retrace, hence miss a trade if we're not in on the original brake.
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  #24207  
Old Mar 19, 2009 10:47am
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Default 1.3780

Quote:
Originally Posted by krue View Post
Anyone shorted EU? ..
why? this not las vegas

we still have at least 100ps to go.
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  #24207  
Old Mar 19, 2009 10:47am
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Default 1.3780

Quote:
Originally Posted by krue View Post
Anyone shorted EU? ..
why? this not las vegas

we still have at least 100ps to go.
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  #24248  
Old Mar 19, 2009 2:26pm
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Quote:
Originally Posted by G550 View Post
Hey Rac, would you not consider 3850 to hold more significance?
don't know. i had my limit sell set at 3760, but price hit 3740 and quickly reversed 100ps. next
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  #24264  
Old Mar 19, 2009 3:51pm
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Quote:
Originally Posted by encul?e View Post
Are you not trading candlestick confirmations at all mate?

Nice little IB/proxy pin setting up on Oanda's 3H chart if you're interested.

A lot of my friends trade like you, but I sh*t myself everytime if I try hehe, how d'you determine your stops?
Interesting friends you've got....
I do all the time, but I also trade break outs, retraces and my very own Rdb.
It takes time to build up confidence, but once you get it... it's yours to keep till market characteristics change.
stops?
behind S/Rs, pins and other setup bars.
if I got my 3760 trade, it would've been @ 3785
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  #24248  
Old Mar 19, 2009 2:26pm
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Quote:
Originally Posted by G550 View Post
Hey Rac, would you not consider 3850 to hold more significance?
don't know. i had my limit sell set at 3760, but price hit 3740 and quickly reversed 100ps. next
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  #24275  
Old Mar 19, 2009 4:25pm
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Originally Posted by encul?e View Post
Nice

The guy that sits next to me trades the same way; it's impressive that you run your positions as long as you do given your entry, most of the traders I know take profit as soon as the order flow turns against them.

Its a personality thing I guess, I like to wait for the candle, although I miss a lot of trades this way. When I daytrade I read the orderflow so I sometimes trade like you, I still sh*t my pants until I'm well onside haha.
I don't know about you, but most traders I know never made any money. This is the sole reason, I don't read posts that say: I'm long, I'm short, I'm..... full of it.
It's just a noise for your brain. Trust me, your brain can be master of its own destruction. I don't remember when was the last time I read someone's journal.

The sooner you find your own way by implementing j16 method, the sooner you will be...... diapers free... (sorry for the expression, i couldn't resist)

It's sad, but 90% of people posting on FF will never make any real money. New guys, who just started this journey and trade on 1hr or lower are very important for the big guys. They constantly supply them with cash and pay for their toys. After all it's a zero sum game (business)

ok, enough of me here for some time. trade wisely.
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  #24264  
Old Mar 19, 2009 3:51pm
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Quote:
Originally Posted by encul?e View Post
Are you not trading candlestick confirmations at all mate?

Nice little IB/proxy pin setting up on Oanda's 3H chart if you're interested.

A lot of my friends trade like you, but I sh*t myself everytime if I try hehe, how d'you determine your stops?
Interesting friends you've got....
I do all the time, but I also trade break outs, retraces and my very own Rdb.
It takes time to build up confidence, but once you get it... it's yours to keep till market characteristics change.
stops?
behind S/Rs, pins and other setup bars.
if I got my 3760 trade, it would've been @ 3785
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  #24275  
Old Mar 19, 2009 4:25pm
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Quote:
Originally Posted by encul?e View Post
Nice

The guy that sits next to me trades the same way; it's impressive that you run your positions as long as you do given your entry, most of the traders I know take profit as soon as the order flow turns against them.

Its a personality thing I guess, I like to wait for the candle, although I miss a lot of trades this way. When I daytrade I read the orderflow so I sometimes trade like you, I still sh*t my pants until I'm well onside haha.
I don't know about you, but most traders I know never made any money. This is the sole reason, I don't read posts that say: I'm long, I'm short, I'm..... full of it.
It's just a noise for your brain. Trust me, your brain can be master of its own destruction. I don't remember when was the last time I read someone's journal.

The sooner you find your own way by implementing j16 method, the sooner you will be...... diapers free... (sorry for the expression, i couldn't resist)

It's sad, but 90% of people posting on FF will never make any real money. New guys, who just started this journey and trade on 1hr or lower are very important for the big guys. They constantly supply them with cash and pay for their toys. After all it's a zero sum game (business)

ok, enough of me here for some time. trade wisely.
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  #24530  
Old Mar 23, 2009 1:09pm
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Quote:
Originally Posted by Ray_1 View Post
Anyone took the long trade in UY?
yes, @ 7:20PM est last night

Quote:
Originally Posted by Ray_1 View Post
Is that a good A class trade that James16 will take? Pls advise.
no, it's not. not enough room, not at swing low.

Flat now.
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  #24547  
Old Mar 23, 2009 4:51pm
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Quote:
Originally Posted by supremeChaos View Post
more to go on $cad, jarroo?
i'm no jarro, but if I was short ucad... I'd watch this pin closely, very closely ....
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  #24766  
Old Mar 25, 2009 9:10am
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few trades i'm in.
Showing 4hr but took 1hr pins off support as my bias is up for now.
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  #24767  
Old Mar 25, 2009 9:13am
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Quote:
Originally Posted by supremeChaos View Post
..
Is this the year we break 1.60 & head for eur$ 2.00? Let us observe this year & the next
don't get too excited...

We won't. Europe has way too many problems and as US (even though she already bankrupt) emerges from today's chaos, Europe will be lagging behind.
My bias for fiber: to be around 1.16-1.20 later this year.
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  #24781  
Old Mar 25, 2009 10:40am
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This is too much......
Bankers must be reading our dear thread.

As soon as dow hit solid resistance, they all sold yen crs and $ based crosses... (shakeout...)

At least we know when to take partial or total profit.
It will be interesting to see how the day progresses.
another push higher in fiber and cable and lower close or
run for 3750 ?
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  #24794  
Old Mar 25, 2009 11:37am
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Quote:
Originally Posted by seboileroom View Post
HI Guys;

I am short EU (don't ask), two mini lots, entries at 534 and 518. Now what!! Should i close with loss or wait? SL at 650.

Thanks for your advise;

Seb
price is in the middle of the range.
This is what I would do if I didn't have a clue what to do next.
1. close right away
2. hedge the order and

when price approaches 3718, sell the long leg with tight stop and vice versa
when price approaches 3416, sell the short leg with tight stop.

I do it all the time in a ranging market, collecting points between ppz, but this topic is beyond what's being discussed here.
Whatever you do, I hope it works out for you just fine. Personally I'm leaning towards 34 for today.
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  #24801  
Old Mar 25, 2009 12:18pm
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Quote:
Originally Posted by seboileroom View Post
Hi raczek, in the second case, why should u sell at 3416, this is close to the sup line of the range, shouldn't u be buying it..... Sorry if i didn't understand. Also, by the long leg u mean the bullish bar?

THNX;
Seb
By sell, I meant 'close' the short leg of your trade. By long leg, I meant your long position, you'd opened.
I think, I had a post with attachment in this thread somewhere how I do it. I believe Habeeb also mentioned it before.
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  #24802  
Old Mar 25, 2009 12:21pm
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Quote:
Originally Posted by jarroo View Post
Thy best advise Seb.
I second that....

Demos are fun and can contribute greatly to your confidence in the method.
I still use them, as a matter of fact have 3. One for j16 method, one for my own R-db and one for j16 @ ppz only (kind of aggressive method)
one below is my j16 demo using asymmetrical leverage .
..
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  #24816  
Old Mar 25, 2009 2:12pm
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Quote:
Originally Posted by Jlr View Post
This really does work great I must say. Works a lot more often then you'd think. ...
As long as you are careful and know PA well, you should do ok..
I was almost caught with my pants down on mar 18. Had a blackout for some reason and hedged my long fiber positions. A couple of hours before the news closed short leg for a small loss and was very happy with the long leg outcome. Should I've waited till after the news, perhaps, I'd be still working it out. Hedge is alright, but sometimes simple hard stop is much less of a headache.
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  #24818  
Old Mar 25, 2009 2:15pm
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Default beovb

If it breaks I'll be looking at 1.44 next
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  #24821  
Old Mar 25, 2009 2:36pm
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Originally Posted by Jlr View Post
What do you mean by hedge, if you don't mind me asking? You take a position, and then hedge it was something completely opposite, then sell the opposite one when you think its time for your first position to take off? I never thought of this for forex, but I suppose it is probably still something that can help. Ty
yes, take opposite position on the same cross (instead of a SL) in a ranging market.
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  #24823  
Old Mar 25, 2009 2:39pm
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ok.. and the last one for today (have been watching screens way too long this morning )

We've got daily pin, which broke last night. Now we've got rac's favorite retrace..
I wonder how it will play out in asia...
tc
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  #24938  
Old Mar 26, 2009 6:42am
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Exclamation Plan your day.

Let the trade come to you. don't chase it..

1. plan your trade
2. execute your plan
3. never chase the trade

re: 1
plan was to sell cable when it retraces to 50/61fib at 4630 after Beovb setup which formed yesterday
stop was set 25pips above at 4655 (above ppz and 61fib)
re: 2
order: sell limit, set your tp, have a nap
re: 3
no need to, if you have a plan

it happened while asleep.
do we get a break lower today? That would be great, if not we'll make another plan. Always be prepared and have a plan... it will set you free one day..
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  #24942  
Old Mar 26, 2009 8:50am
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Originally Posted by MPP View Post
Hi Raczekfx
any chance of a follow up on this EJ, my daily closed as what looks like a bullish Pin, and has broken long, possibly looking to hit 134.40 area or at least a continuation of the bull run.

MPP
Sure,
If you followed my posts for some time, you'd probably know that I trade at specific areas, not necessarily waiting for a break of pins, beovbs, etc.

That trade would be categorized as short terms counter trade.
entry 132.80
exit 131.80 (previous 1hr ppz and bars low) No need to hope for more.

On a contrary If I was still long (my swing trades) from a weekly consolidation breakup around week of feb 18, my stop would be around 130.30 area (129.80 - check monthly chart to find out why).
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  #24954  
Old Mar 26, 2009 11:54am
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Quote:
Originally Posted by ghous View Post
Such pin bars are best traded when they close below the ppz.

This one closed above it so technically not A+

Cheers,
Ghous.
It would've been if it was off 3730 (imoo), but
i think we'd have to wait for (that rally every analyst is looking for on the front page of FF) a bit longer... (I could be wrong...)
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  #24962  
Old Mar 26, 2009 1:59pm
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Quote:
Originally Posted by Life of Pi_p View Post
Hey Rac,

I'm sure you're watching U.S. indexes move into former support
of course, how often do we get price at important resistance like that?
Here are just a few, I'm in.. (just scalping 40-80 pips today here and there - while waiting for a real PA)

1.3561
1.4530
1.4291
&
1.3357

p.s. just like these below.
break, retest, boom.. etc. (learned it from Mike - mbqb11, light years ago...in Dunster Castle )
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  #25039  
Old Mar 27, 2009 9:08am
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Quote:
Originally Posted by raczekfx View Post
It would've been if it was off 3730 (imoo), but
i think we'd have to wait for (that rally every analyst is looking for on the front page of FF) a bit longer... (I could be wrong...)
.
Trading plan for fiber from yesterday after replying to someone.
1. we've got our pa setup
2. wait for rac's favorite retrace
3. stop above PA or 61 if you're ultra cautious
4. sell
5. tp? if yes, take some or full profit

This is exactly why most of successful traders following j16 method, ignore the news (I meant analysis) written by 'analysts'...

If they were good traders, they wouldn't have to earn a living by writing stories. When they wrong, they twist a story around and come out with a new analysis, correction theory or another b.s.
Once I realized that only 3-5% of folks make it in this business, I questioned myself, why even bother reading. Most of them are wrong anyways.....
Don't get me wrong. Reading news is fun, but use it only for entertainment purposes

We've got our PA and that alone should be sufficient information for us to make this business successful. And if anyone wonders why PA works, there is no secret really. You and I don't move this market. It's the banks and funds buying and selling and when they do that, PA tips us off....

This is exactly why Jim stresses trading on a higher TF until you get good....

If you look at the ship from up close (1 min charts), you don't know where it's heading. When you jump on a plane and look from a distance (daily tf) you know exactly where it's heading or if perhaps it's turning)

With that thought... Have great weekend all. Trade wisely...
.
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  #25045  
Old Mar 27, 2009 10:33am
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Quote:
Originally Posted by ikki View Post
Mark, waiting a bounce in Dow or you will hold your short positions?
I was waiting for it to go to 7740, but right now I don't think it will go that low, unless someone irresponsible open his mouth again.

anyhow, closed fiber 3310 and reversed to long 3279
also long e/chf 1.5193 (5% on this one)(check the daily chart and look for jim's post/email in the pf )
looking to buy yen crosses....
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  #25053  
Old Mar 27, 2009 11:25am
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Quote:
Originally Posted by joebryce View Post

I don't see much on the daily ec either???
this is what i see on daily..

re my entries.... It's better to wait for a meaningful PA, trust me. Right now there is nothing indicating longs and I'm just scalping 40-50 pips here and there...
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  #25112  
Old Mar 27, 2009 9:31pm
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Quote:
Originally Posted by Santana55 View Post
Rac,

When you say "your favorite retracement" as mentioned in the post above are you referring to taking a Fib retracement of the PA bar itself as opposed to using swing highs/lows?

If so, do you use this methos to fine tune your entry? I've never really considered using fibs in this manner.
Hi Santa ... and welcome to the forum

yes, fib ret of the PA setup, not the bar itself. Setups like BEOVbs, Buovbs and pins at swing low/high or close enough.... Sometimes it never happens and it breaks hard, never looking back, but when I do get a retracement, it allows me to go in with larger position and smaller risk. Yes, it's used to fine tune my entries.
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  #25224  
Old Mar 29, 2009 9:26pm
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Quote:
Originally Posted by james16 View Post
how about dot on close?

ive been playing with this one for a long time. lol
yup, these are cool, I had lots of success with these. Thanks for the indicator you've uploaded to the PF. It's priceless...
I had my friend recompiled it and he came up with this one-sure bar indicator. I love it, no noise, just one bar and a huge black hole.....
.
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  #25256  
Old Mar 30, 2009 12:18am
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Quote:
Originally Posted by marcelnyo View Post
I would be careful with rac's method, he's very aggressive and I believe has a genetic instability (some of that big bad voodoo mojo thing), gotta have something in your blood to trade like him lol.
That's right very aggressive and contrary to DJ, very, very unstable... keep out....stay away, don't follow.... don't ask....LOL
..
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  #25266  
Old Mar 30, 2009 12:32am
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Quote:
Originally Posted by joebryce View Post
I have been quietly watching you for some time. I bet you got some of that ej short earlier tonight

You should see what's in my genes. lol
In addition to these in the doc.
I had usual sell limits for g/j and e/j (j16 at its purest best)

g/j @ 138.80
e/j @ 129.20 (I gave this one out with my 'black hole' chart if you look closely)

Mission for this week has been accomplished, see you all next week....
.
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  #25344  
Old Mar 30, 2009 12:45pm
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Quote:
Originally Posted by Mr demark View Post
Guys, remember the USDCAD setup i posted?:
I'm now up 258 pips.

Daily charts are really the kindest these days. More consistent setups IMHO
Very nice Mr. D.

I'm still in it (long) from my Rdb with 30ps stop @ 1.2180, from This post....

You just can't ignore certain areas, even if you took your setup from weekly Beovb, if you don't want to give away too many pips (practice, practice, practice)...
I will be closing this long very soon though (maybe 10-50 more ps) as I'm looking for $ fortunes to turn around again....(tonight?, anyone? )
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  #25346  
Old Mar 30, 2009 12:59pm
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Originally Posted by bundyraider View Post
Take what Rac posts as an example....
Hi Bundy,

I know, you're talking about gj, but I have to confess I took that 1pb e/j retracement around the left eye with 16ps stop (above left eye high).
I was looking for a bounce to around 2810/10 but that pin changed my plans.
This trade however was an Intra-day scalp targeting previous bar low, for a quick 50-60ps paycheck...
My longer term shorts on e/j and g/j hit my targets just after 3am est...
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  #25347  
Old Mar 30, 2009 1:08pm
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Originally Posted by baz View Post
Rac....man you are always in the "ZONE ".....fantastick....can never get enough of your posts....

baz
Hey Baz
Before you thank me, thank James first...
My entire trading is based on his method with a small twist here and there thanks to R&D...

He's not telling us everything yet (and I'm glad for that), but if you watch his videos few times, you should have more than few A-HA moments, which should empower you to do some research and eventually come up with a good and profitable trading plan for yourself. I'm glad that James does things the way he does instead of spoon feeding us...

He's method is such a gem, that I'll be looking for a new broker real soon. One of my brokers is fxcm and even though they claim not to, I suspect, I'm being on manual execution. If that was not the case, why would my market orders take 2-3 minutes to open in a slow moving market...
good thing these guys don't understand PA, otherwise my orders would be in a waiting queues for 4hrs....lol
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  #25353  
Old Mar 30, 2009 1:34pm
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hey G5,
it's really a personal dec. whether you hold your trade for days, weeks or hours.
when I take a trade, even if it's off weekly I always have my ppz drawn and set my profits tps before they are hit. Remember what you see, post, etc... is being watched by thousands of traders, this is why you have to be smarter (more unique is perhaps a better word) to have the edge. The reason ppz, fibs, tl and everything else works is because it's self fulfilling prophecy, nothing else. Millions are watching those levels and pull triggers simultaneously. This is THE ONLY REASON why FIBS, EMA and everything else works. If you remember this, you'll ahead of the game and in the small % of people who make few cents here and there. The rest is only a following crowd. And if you're a follower.... it reminds me of a heard being led to a slaughter (excuse my expression).
Many will disagree, but who cares (everyone is entitled to their own opinion). For me trading is 80% based on psychology, 10% on knowledge and 10 on bar formation. This is exactly why people with PHDs fail this business more often than a group of 5 year olds....
Once you see emotions and perceive the market as a breathing, living organism, instead of the random numbers, you will again have a chance to be better than those who jump at every single 1hr pb, not knowing why it happened where it happened..
apologies for the long rant...

anyways, below are my weekly zones, I watched and used for determining where price could have some difficulties and perhaps bounce...


Quote:
Originally Posted by G550 View Post
Hey Rac-

I am the unluckiest trader when it comes to taking profit....
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  #25377  
Old Mar 30, 2009 3:35pm
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do we get a D pin off ppz, fib confl?
let's see.
Will it breaks? who knows.
Yes? first tp is 1.44 on my radar.

.
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  #25381  
Old Mar 30, 2009 3:52pm
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Originally Posted by rustyjeff View Post
here is one of those bars you like..

i think Mark might be looking as well..
lol....
got my 50 pips from Here, so I'm flat for now. Got a take kids to piano lessons, hence I didn't want to push my luck with shorts at 2650, but if we get a 4hr pb when I'm back, I'll reevaluate.
I'd like to see one more test of 310s and 410s on cable and fiber before committing... It may never come as dj is due for a nice bounce tomorrow imho. We'll see... we don't have to trade everyday.
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  #25633  
Old Mar 31, 2009 8:38pm
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Originally Posted by Gerard212 View Post
Hi All

Just entered USD/JPY short on 4 hr with rational being PPZ at 99 ( my entry )

and hammer bar with SL at 99.44 / > prev hi. Cant win them all !!!!!!!!!!

Any comments ????

Ta Gerard
Yes, you don't mess with yen when Tankan report is due.
I also went short ej and gj.. but 10min after..
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  #25699  
Old Apr 1, 2009 6:05pm
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Originally Posted by jarroo View Post
I like it Triton and sn3h. Let's see how she closes. Forget the other feeds.
Imho, we'll see a retrace to about 2630/40 before it breaks tomorrow... (or small break and retrace to area mentioned and then hard break to 2450)
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  #25715  
Old Apr 1, 2009 7:16pm
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Originally Posted by arcus View Post
Rac,
I would assume you would enter on the retrace at 2630/2640? It coincides with 50Fib and PPZ (I mean the 2630/40 area, not the PB as the PB itself off from PPZ and 61.8Fib) - Good confluences. Or you had already in from 2720 Just my assumption.

Thanks Rac!
No, I'm not in yet.
I'm watching 8 others us/based crosses to tip me off when the us weakness kicks in...
It could be either at the area mentioned or a pin break. I have no means to know.. just reading the 'tape' for now.
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  #25723  
Old Apr 1, 2009 8:34pm
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Originally Posted by arcus View Post
Thanks Rac. Thought you was in since the retest of the break (studied your past charts and one of your method is retest entry like Mike). I am myself waiting for yen crosses breakout. I have few questions actually mostly about stop loss placement but I'll PM you later if you don't mind Thanks again!
hey arcus,

you wont' be able to pm me for some time (appol). I have to catch up with PMs and emails first and I don't have much time to do that right now.
Stops are easy.
Scenarios:
1. pin breaks and retraces. plan is to go in short as close to the left eye as possible with stops just above it. It would be fair size position.
2. pin breaks and I'm in on a break. smaller position stops still above left eye.
3. pin doesn't break and retraces back to rac's favorite. It'll be good size position with stops above it.

TC
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  #25884  
Old Apr 2, 2009 1:58pm
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Originally Posted by jarroo View Post
I'm still in Cad on the 2nd half. My 1st half was 32 pips. I have mentioned in an earlier post that I will give a little more leeway to an "A" category trade on the 2nd half. The key being, it's on the 2nd half.

So I moved my stop loss on the 2nd half 22 pips above my entry. To many times Price will retrace and test the break and then continue on.

I've done the same with the Eur/Chf.
v. nice.

Something I still have to work on. I usually take part profit as quickly as you, but for the second half I set (almost alwyas) a TP. With cad it would be all out @ 2430/40. There is nothing wrong with it and I can't complain, but I'm well aware of the fact that sometimes I miss huge runners and have to look for another opportunity (PA) to get back in a trade (more work and not as simple).

On the other side, sometimes TPs work better (like last week g/j and e/j PBs ), especially when weekly PPZs are involved, e.g. last week short on WPB break (all out) TP at 2710 saved me lots of pips...
We never stop learning, I guess...
.
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  #26009  
Old Apr 3, 2009 4:53am
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Quote:
Originally Posted by mancub View Post
If it gets thru 1.4773 resistance then i will be looking at holding the trade for 1.4900. (long term trade)
brave decision before NFP...
My limit hit @ 4790 with a .......... 10ps trailing stop (4780)... was taken out 4820 for 30ps. ....(@ trsl).
will see later what uncle sam brings us at 0730
4950 looks like a good tp if we get some action past NF
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  #26013  
Old Apr 3, 2009 5:08am
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Quote:
Originally Posted by raczekfx View Post
brave decision before NFP...
...
Here is my last strat of the week for NFP....

1. limit buy 15-20ps away from current price (as of 8:28)
2. crosses involved: eu, gu, gj, ej and uj
3. sl 20-30ps, tp for half at 30ps profit, sl moved to be on remainder
4. question is long or short limit...? I know the answer but it would be signaling... (in the PF)
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  #26046  
Old Apr 3, 2009 12:03pm
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Quote:
Originally Posted by goldbird22 View Post
Could you please post an update with results, thanks
gj 53, eu-24, gu 32, ej 29
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  #26071  
Old Apr 3, 2009 3:53pm
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Originally Posted by james16 View Post
AS GOD IS MY WITNESS WILL SOMEONE PLEASE EXPLAIN TO ME WHY PEOPLE VOTE LIKE THIS.

can you tell me dutch because im not from an area like that.

how do these people get elected?

jim
it's simple..
people get brainwashed everyday by ads, TVs, useless news stations, which only feed fear and chaos into people's brains (or what's left of them). These days it's so easy to manipulate people, it's really scary. If it was mandatory for citizens to 'unplug' their brains for 15 min every day and spend this time on either meditation, concentration or simply relaxation, guess what would be the turn out at the poll stations.....

It would be ZERO. No one in their right mind would go to the polls, because people would see right through those candidates, who only pretend to care, before they're elected.

Sad, but true. It's got a be a reason why Fiji, wanted to escape from it all...
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  #26080  
Old Apr 3, 2009 4:36pm
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Originally Posted by pakiestra View Post
Hi all,
That wasn't the best week for me, enough to say I've screw up BIG WAY (I know it's strong wording). BUt it's true, first I didn't take profits on eur/jpy of the table, I was hypnotised watching hundred pips turning into loser I'm sick when I think about it, then I have made worse, I overtraded in revenge loosing almost three weeks gains on the account and now profit/loss is as it was after first profitable setup.
This is demo but I feel like I've lost a real monies. Is so hard to win that battle with your ego, it pricks you...
Ok. Why invent the wheel when there is a solution.

I was in the same boat few years back and no matter what I tried, it didn't work as expected. Too many losses on profitable setups, etc. It was sickening...
And then one day it hit me when I was watching James's video where he moved to BE on weekly setups once (i think) 30ps in profit.
Once I realized why he does that, it has changed my trading by 10 folds.

The issue was that having a small account I didn't care much about moving to BE to quick and I was getting stopped out for -50, -100ps quite often and on a good setups, believe it or not. Big deal right, a $50 or $100...

One day I'm sitting and thinking... Jim must be the lucky guy.... if his 30 pips are worth my monthly salary. And then suddenly something lit up in my brain ....

I had a day dream about having the same account as his and allowing my positions to be stopped out at -100..
That would be around 10-20k LOSING TRADE. This one vivid dream has changed the way I trade FOREVER. I don't have a huge account, but I'm sure treating it like I do. Once you do that you WILL NEVER LET YOUR PROFIT TURN INTO A LOSS. Prevent the losses and your account will grow happily ever after...
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  #26094  
Old Apr 3, 2009 5:58pm
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Originally Posted by jarroo View Post
Raczek this is freaking awesome. Almost my exact thoughts as well. A very big "ahha" moment for me. I think it was the same video too. lol.

I going to read this one many times because it's just great.

Jim
LOL... We have way too many things in common...
Just shout, next time you're in Toronto... the beer is on me...
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  #26100  
Old Apr 3, 2009 6:26pm
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Originally Posted by pakiestra View Post
It's good to know that one may has to go through it and grow up to the task like you Rac and Jim and other senior members. Of course it doesn't guarantee anything for my case but that loss after hard earned profit...

% gain is relative to your trades selection and discipline. I don't pressure myself to do 1 or 5% every month. Whatever comes, I'll welcome it. I don't necessary agree with some comments I've read in the past, what's good and what's not, but everyone is entitled to have an opinion. What's more important to me is: was I following my plan (you must to have a plan). anyways It's getting late and I got a run. Just keep doing what you doing with some extra emphasis on stops and profit targets and you'll do all right over the years. Just treat your demo like it was real account.
btw. here are some of my demo trades based on my j16 aggressive method project for the last 40 days or so...
have a good one.
ps.
yes, i was grew up on the banks vistula river.
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  #26109  
Old Apr 3, 2009 8:17pm
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Originally Posted by james16 View Post
COULD I GET A LESSON PLEASE.

Without a good CCBJ's lov'n texan, I won't be able to start.
Next time, I visit relatives in Austin, I'll bring a case and we go over few basic setups..
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  #26119  
Old Apr 4, 2009 12:17pm
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Quote:
Originally Posted by artov View Post

Perhaps you can start doing some J16 trading on the 1m charts too,
I'll take it as a good joke.

Happy trading.
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  #26120  
Old Apr 4, 2009 12:18pm
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Quote:
Originally Posted by Jduester View Post
Rac,
That is just awesome. You have a great handle and understanding of your method of trading. From the pdf file, it looks like you were trading within a reasonable risk/trade too, which makes it legit. Well done!

Josh
Nothing to get excited about..
It's just a demo Josh for one of my trading methods, perhaps one of the most aggressive (and still WIP), but you're right; One needs to understand what he's doing in order to achieve anything. It took me quite a 'few' months to get comfortable with it and psychology is a major component here.
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  #26342  
Old Apr 6, 2009 10:14pm
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.
Quote:
Originally Posted by Forex007 View Post
Raczek, thanks A LOT for sharing that. Could you cast some light on the following, please:

1. Most of your positions were 10-12% of the a/c balance - was that purely on/for demo?
Those results are on demo, but they're a copy of one of my aggressive live account. I place live trades first then copy them on demo, so my live account has actually slightly better results. Less risk on live, but there are times, certain setups(ej weekly pin bar) I don't have problem with using up to 6-7%. I then don't have to trade for a week or so..

Quote:
Originally Posted by Forex007 View Post
2. Some of your trades were profitable, but RR was 0.05 to 0.1 - was that savvy trade management or mainly luck (that you exited earlier and the trade did not happen a big loser)?
I don't care much about RR (at certain level you won't either) If I don't see price doing what I expected it to do, I'm out. With time and practice you can almost tell if the floor is almost ready to fall off on you... just by watching it act. You then have to act quickly

Quote:
Originally Posted by Forex007 View Post
3. Is there any logic/methodology behind some trades having SL and TP, some just SL, some (many) - neither? Isn't it dangerous to have a "naked" position (without SL)?
Yes, I'm logical by nature. If I don't know what I'm doing, I don't do that at all.
50% times I have SL, other 50 I have opposite limit order waiting (hedging positions, especially in a ranging market). I prefer hedging over SL in consolidating markets. I may get stuck with a hedge for few days, but sooner or later I will work it out.
e.g. short gu trade on last friday.
Had a bad short trade @4760, but instead of sl i had limit buy gu @ 4790
Last night I closed my longs (5000 rejection) @4919 and added extra short lot. Closed all shorts tonight @4678 an hour or so ago. Both trades returned good profit, but It required some patience.
This chart is taken from my post in the pf earlier today...

hope this helps. If it doesn't, don't worry about it. Just follow j16 the way Jim, Mike and many others great traders explain it on this thread, until you find something that works for you.


Quote:
Originally Posted by krue View Post
I was wondering if the trades were triggerred based on PA setup, I looked at his trades both the first and end of Mar., seems I could not find Jim16 setups in most cases(
Some were, some were not. Other were taken near ppz, and other like 1min trade on g/chf was based on tip I received.... I trade mostly around j16 method, but i don't follow it it to the letter. It's a zero sum business and you have to have some edge to be ahead of the crowd if you want to make a living out of it...

.
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  #26347  
Old Apr 6, 2009 11:19pm
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Originally Posted by ghous View Post
Hi Mark,

When you hedged your short with that buy limit you did'nt close the short from 4760 at all until the 5000 rejection? In fact if I am not misconstruing your words here you actually did'nt close the short till price made it's way below 147 which is you closed it at a profit, right?

I also wanted to corroborate...you hedge only when you know that when price goes against you it's not a big move but just a temporary delay in your master anticipations to show off their colors. For instance had there not been the 5000 round number and you would...
that's correct. top purple line was a part of my trading plan. bottom purple also belongs to it.. since I'm short again...
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  #26490  
Old Apr 7, 2009 11:33pm
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Originally Posted by jarroo View Post
75 pips is a HUGE trade at $50 to $100 a pip, but at $.50 to $1.00 a pip its not overwhelming. ..
That's the problem with many new traders and a sign that they don't treat trading seriously.

In our circle of traders-friends there are several, who trade at only $10-15/pip and manage 50-75pips day-in and day out.
I still remember when back a couple of years ago I carried company BBs, pagers, sat phones... you name it, being available 24hrs on call and didn't even come close to their daily income...

Folks, respect your 'pips' even if you only trade at 0.1$/ps. One day you will be grateful for that.
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  #26601  
Old Apr 8, 2009 5:26pm
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. a trade I took early in the morning...

1. rac's favorite
2. 4hr pb off nice support
2. daily weekly ppz
what else you want.... ?

I guess confidence would do.
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  #26610  
Old Apr 8, 2009 5:51pm
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Originally Posted by unlv_tj View Post
..

I am keeping a spreadsheet of all my trades and demo trades to build my confidence.
add two extra tabs: 1. your projected tp (first resistance area once you're in a trade), 2. actual high price hit before retracing. Compare these numbers to your exit.
It'll help
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  #26620  
Old Apr 8, 2009 6:14pm
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Originally Posted by mbqb11 View Post
well done josh, I see it the same way, and am passing as well. Better ones will come. But you have marked off where it might have trouble. Trading or not trading it then just comes back to ones game plan

Mike
That's the plan, but there is still that little voice whispering, we're going to revisit 3800 one more time....

damn elves... hiding everywhere ...
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  #26776  
Old Apr 9, 2009 7:44pm
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Originally Posted by markmm View Post
Sorry Jim, I disagree, eveything you teach told me to stay out of this trade (PA pointing into a brick wall). I prefer to have not traded this than have a 30 pip loss.

Mark mm
it all depends how you approach that pin. There a couple of schools for every pin..
.
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  #26781  
Old Apr 9, 2009 8:25pm
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Originally Posted by jlmac27 View Post
Quick question for you mark,
On average how many daily pins do you go down to the lower TF's and work off the retracement?If I had to guess you probably take advantage of all of them huh?
Almost none. I showed 1hr to make fib retracement stand out better. I usually take a quick look at the location (low) of the left eye plus fibs. Those are my reference points. Not saying, I'm trading retracements all the time.
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  #26859  
Old Apr 11, 2009 6:29pm
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Quote:
Originally Posted by pipaholic View Post
Ok after looking at the weekly a see a Pin going the other way and I take it James would trust a weekly over a daily. In my humble opinion I see this moving down ...
Are you sure...?
I desperately need to know what everyone thinks before the market opens...... I want to go in big and .....

.... and in the meantime, have a Happy Easter!!!
.
.
.
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  #26892  
Old Apr 13, 2009 9:46am
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Originally Posted by raczekfx View Post
Are you sure...?
I desperately need to know what everyone thinks before the market opens...... I want to go in big and .....

.... and in the meantime, have a Happy Easter!!!
.
.
.
Knowledge is Power... and with practice you gain your Wings...
.
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  #27193  
Old Apr 16, 2009 1:11pm
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Originally Posted by Forex007 View Post
interesting read. tx F007
time to move to ducascopy..
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  #27238  
Old Apr 16, 2009 6:21pm
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usch
.
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  #27367  
Old Apr 19, 2009 4:15pm
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Originally Posted by hipcio View Post
and one more chart with fibo 61
I think I would not go short now
This chart alone makes me wonder how long before 1.43 is due..
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  #27377  
Old Apr 19, 2009 7:51pm
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Quote:
Originally Posted by bundyraider View Post

How are you deriving that target? Just the fib %50? I can see a clearer PPZ above that, so I'm presuming you expect it to gravitate the rest of the way to the 50%?
Monthly neutral bar is telling me traders are not fully committed to push it cable higher any time soon and for the target..
I didn't include chart. here it is:
(Note the target matches price close for March.)

p.s. what hipcio showed on his chart looks like a perfect arch too me.... and arches can be very profitable.., but what do I know...
.
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  #27380  
Old Apr 19, 2009 8:31pm
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Originally Posted by bundyraider View Post
I like 1.4600 as the first target. ...For similar reasons to GJ Hook.
But then once we hit there, the chart won't look happy, so a push way lower would then seem inevitable. ....after the usual whipsawing. Things are looking very bearish for the pair.

BTW. You seen GBP AUD? Chart looks pretty on the 4hr.
1.4650 for me. I'm a bit ahead on this one since after seeing price behaviour last Friday, I shorted both cable and fiber at market open. At BE plus some.... stress free..
never traded g/a , so I don't have a 'feel' for it..

Quote:
Originally Posted by G550 View Post
Hey Rac-

What exactly is an arch and how is it interpreted? Tried to google it but no luck.

Thanks!

-G5
My own price interpretation (a tribute to the great ancient empire of Rome) .... just treat it as H&S
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  #27450  
Old Apr 20, 2009 7:55am
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Originally Posted by mrsingha View Post
Sorry, couldn't resist.
Lol... yes.... very, very profitable.....
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  #27467  
Old Apr 20, 2009 10:30am
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Default gj

first short tp is being hit...
.
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  #27471  
Old Apr 20, 2009 10:46am
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Originally Posted by hipcio View Post
Don't You expect 140,70 a strong res.?


Peter
I think 3750/3800 looks better. I only took half off the table. More to come when tokyo opens...
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  #27476  
Old Apr 20, 2009 11:30am
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Originally Posted by hipcio View Post
Thank You,
and if I could ask one more question
where would You expect TP on UJ short?

Peter
i don't have any position in uj, but if I was short...

i'd be out on half around 96.20 and then would watch equities and risk aversion for a chance to see uj at 93.50.
I doubt we'll see uj past that level, but who knows.
If they prove obama wasn't born in US, things might get really, really ugly....
I wouldn't be surprised to see Yellowstone super volcano eruption....
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  #27481  
Old Apr 20, 2009 12:04pm
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Originally Posted by hipcio View Post
Thank You very much,
my position is only one mikro, so
I will try to be very picky around 9620

Peter
Anytime Piotrek,

Just watch the equities. We're getting something that looks like a 38day pinbar on dow futures...
When it breaks upwards... we might get quick bounce on yen crosses.
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  #27523  
Old Apr 20, 2009 5:32pm
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Default Is it May yet?

off course not and below is just an artist interpretation, but it sure would be very nice....
... plus there is 300ps ppzone ahead (138-141). It will be tough, but who knows, who knows...
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  #27549  
Old Apr 20, 2009 10:09pm
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Originally Posted by pakiestra View Post
... I will do a search and see what's that stuff is about.
I traded knife for over two years with not bad results.
It's the superior tweak of the infamous vegas guy. It works very well in a trending market, but I ran into some problems in a wild swings, like we're experiencing right now.
It is only my opinion off course, but If I were you, I would just commit 100% of my time to j16PA method. Once you get enough practice here, you will never look anywhere else.
Trust me...

p.s. i think knife was a bit too conservative for my persona...
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  #27638  
Old Apr 21, 2009 2:23pm
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Originally Posted by alter View Post

Would you tell as how much is enough please?
if after three month of trading PA on demo, you didn't have a losing week. I'd say you graduated from JK to SK ...
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  #27640  
Old Apr 21, 2009 2:32pm
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Originally Posted by hipcio View Post
Thank You
Jigsaw and Ghous
for the opinion

I look also at fibo and pivot and hope for ema 150 second line res.

Peter
Regardless of J and G opinions, I just couldn't resist pounding of 97.80 area which eventually formed two consecutive pins - gone long on uj (and since I trade yen crosses together I also took g/j and e/j)
.
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  #27643  
Old Apr 21, 2009 2:40pm
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Originally Posted by Jigsaw View Post
Hey Mark,

What's your MM like for that, and why "together" if you do not mind me asking.

Regards,
Jig
That has been answered here before...
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  #27761  
Old Apr 22, 2009 11:37am
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Unhappy can't help

Quote:
Originally Posted by ghous View Post
I am phobic to Fundis so maybe Mark (Rac) will come up with your answer,
...
Me to, I only care about long term interest direction (who's pausing, who's changing). This, plus mass psychology bind together with PA around ppz is the core of my trading. Everything else is unnecessary noise imho.
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  #27765  
Old Apr 22, 2009 11:52am
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Default 90% of advisers will fail, 5% will break even, 5% won't even talk about it.

Quote:
Originally Posted by layton View Post
So what's consensus on the USD/CAD?
you're joking right....?

Running a business based on what others (not interested in your personal success) have to say, is not the best way to run a successful enterprise.

Have a look at a bigger picture and see what are your chances...
.
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  #27778  
Old Apr 22, 2009 12:31pm
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Default gu

another trading plan drafted this morning..

1.break of a daily ppivot
2.retrace to rac's favorite
3.blind entry short
4.stop above 61fib and ppz confl
5.free trade now with some profit locked
6.tp? everyone knows, I posted in reply to hipcio few days ago

p.s. now that I think about it. it's somehow similar to what James was talking about in his BEST EVER webinar last night..., or perhaps I'm seeing things... quite possible..
.
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  #27790  
Old Apr 22, 2009 3:22pm
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Originally Posted by rustyjeff View Post
looks a bit like this one..
still on holliday but happened to see this one .
Little bit, but no break. Until that happens, it's just a 60-70ps intra-day play.
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  #27792  
Old Apr 22, 2009 3:56pm
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Originally Posted by ghous View Post
It was based entirely on the breakout and retest of the daily ppz Mark or you had something else running in your mind?
if you referring to cable then yes. I'm not in us/cad. I only took gu short and eur/gbp long last night before tokyo opened.
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  #27797  
Old Apr 22, 2009 4:42pm
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Originally Posted by hipcio View Post
I liked Your trade so much - I could not watch it patiently and ... I am also in free trade now - though I do not have any profit locked - I hope - yet

Peter
If you move your stop to BE+1 then you lock in some profit..
1ps profit is better than a loss. And one day you may find that one pip be worth $1000.... I know, James' pips are worth that much from time to time...
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  #27917  
Old Apr 23, 2009 6:12pm
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Originally Posted by hipcio View Post
I feel a litle unhappy I got only 99 pps of that cake, what about coming back up?

Peter
don't be too hard on yourself. would you still be unhappy if a pip was worth $100 to you..?
... besides, you can double that on fiber now.....
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  #27921  
Old Apr 23, 2009 6:51pm
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Quote:
Originally Posted by Rainmaker View Post
Rac?s favourite..?
lol... not this time. RF would probably be good for 40-60ps. That's less than half of hipcio's move on ucad....
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  #27923  
Old Apr 23, 2009 8:01pm
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Quote:
Originally Posted by jarroo View Post
Nice BUOB on the Euro, swing low, strong round number, 1.3000.

Let me guess, your long at 129.00?
I was long at 129.60 but closed way too soon...

Last edited by raczekfx, Apr 24, 2009 5:05am Reason: error in price
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  #27926  
Old Apr 23, 2009 8:20pm
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Originally Posted by jarroo View Post
I though for sure that BUOB gave you confirmation of your entry.. Classic old school raczekfx.
I know... and it did, but I decided to take a day off today...
Looking to buy one of these.... Great hobby for the old man and boys.
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  #27932  
Old Apr 23, 2009 8:50pm
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Originally Posted by bundyraider View Post
Oh man... Lotsa fun. Someone sent a youtube link for a german scale C5 Galaxy the other day fricken awesome. Massive model. Four scale jet engines screaming away. lol
Like this monster....?
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  #27955  
Old Apr 24, 2009 4:41am
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Originally Posted by raczekfx View Post
lol... not this time. RF(rac's favorite) would probably be good for 40-60ps only this time. That's less than half of hipcio's move on ucad....
See what I meant by not this time Rainmaker?....

It was a hint for going long on fiber. Too bad my limit buy @ 3090 never got filled....
I bought it 'manually' at 1.3125 (when I wrote previous post) and had limit buy @ 1.3168... for another half.

Got a love it when a week end like this.....:-)

p.s. Second part of the plan remains a mystery and may not come true right away, but a tr plan was made a couple of days ago (when I saw two days consolidation) to long fiber till 3250-34 (first part) and reverse to short all the way to 2450.
I'm now very curious about the second part..
.
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  #27964  
Old Apr 24, 2009 5:07am
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Originally Posted by raczekfx View Post
I was long at 129.60 but closed way too soon...
This was my initial buy order on fiber.

This is also a hint for Simon, who sent me detailed email about his trading.
You're closer than you think S.....
.
,
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Last edited by raczekfx, Apr 24, 2009 5:27am
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  #27969  
Old Apr 24, 2009 5:23am
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Originally Posted by alter View Post

Hello,
what time frame are you talking about. I don't see any PA setup on Fiber.
Watch your charts closely... If only they could speak...

See that highlaghted blue bar from yesterday close? Price has just closed (broke) above strong resistance level.

What is good, next trade probability, short or long?

Ultra small stop on long trade... is no brainer here either..
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Last edited by raczekfx, Apr 24, 2009 9:08am
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  #27975  
Old Apr 24, 2009 5:36am
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anyone sees good (short)trading opportunity on cable....?
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  #27977  
Old Apr 24, 2009 5:40am
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Quote:
Originally Posted by simoncs View Post

Must admit i was initially looking for the retrace from about 1.315, but it may keep pushing past 1.33
It might fall like a rock....


Quote:
Originally Posted by simoncs View Post
Haha - yup getting there.
I was also long from 1.2945 - just couldn't hold it
It's all in your mind, it's all in your mind....lol
(there is a good reason for having Haliaeetus albicilla in my avatar)

Why do you think 97% of people lose all their money, because they don't know what they doing?
NO, it's because they have weak brains (psyche)....

Meditate, meditate, meditate.... I know for the guy your age is the last thing you want to hear....

I also know that majority of folks reading this won't believe me either. Fortunately, It does NOT matter...

Have a great weekend all.
.

Last edited by raczekfx, Apr 24, 2009 7:32am
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  #27997  
Old Apr 24, 2009 7:37am
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Originally Posted by lordgbengs View Post
Please i will like you to talk about what you will meditate on.thank you
Read the second book from my profile page at least once a month for the next 3 months (just like your demo acc). That'd be the first step...
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  #27998  
Old Apr 24, 2009 7:39am
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Originally Posted by Digger48 View Post
Great hobby but be careful it is very addicting. Next thing you know you'll have 20 or so!!! Ask me how I know.
How do you know...?
do you have any pictures of your air fleet to share...
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  #28033  
Old Apr 24, 2009 2:18pm
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Default gu rac's fav

daily ppz and fib confluence.

I didn't want to post this trade earlier so any potential 'takers' won't get burnt, should cable keep on marching higher. Besides it's Friday and almost every one has gone home (market not very liquid).
It did worked nicely however.
.
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  #28034  
Old Apr 24, 2009 2:19pm
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Originally Posted by Mr Smith View Post
Mike your patience is amazing!
That's because he doesn't have any kids....
(... not counting us, here on the forum)
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  #28073  
Old Apr 25, 2009 2:29pm
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Quote:
Originally Posted by zebulon View Post
What about this weekly PB on EUR/JPY, comfirmed by a daily PB ?

The weekly chart shows a retracement (fib level) and EUR/JPY have now good place to take off. Let's see.
It could be just me, but the first thought that came to my mind while seeing your daily chart is:
G..It looks like e/j is getting ready to break 126 level.
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  #28074  
Old Apr 25, 2009 2:34pm
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Quote:
Originally Posted by Digger48 View Post
Be glad to,
This one is one of the latest. 30% PAU Extra 330L. DA 50 canister setup, all Futaba Radio gear and Hitec Servo,s. Very sweet ariplane to fly.
Very nice plane.
It will take me a year or more before I will get the skills to fly it..lol
I just got my DX7 tx yesterday.
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