It's good to spend some time in the wilderness, away from the civilization from time to time and I tell you, those bears I met, are not afraid of euro bulls at all (unless one carries .458) ...
Anyways, I'm looking for someone to write an EA based on one of my shorter term, aggressive method. If you're good with mql4, shoot me a pm. I may ask you to to program a simple ea before releasing rules, just to see if you're for real (if I don't already know you).
Please PM me, don't reply in this thread.
raczekfx,
Most likely, albeit temporarily, i guess.
maybe re-visit 1.41 - 1.4150 area prior trip to 1.46 - 1.47 (pause at 1.44 - 1.45 area along the way)?
, you really believe Europe is free of issues? Its banking system is in much, much worse shape than its counterpart in the US. We have to wait and see, but let the charts be our guide...lol
Are you saying that that is a good entry on small TF, and higher TF supports, so aim for higher, better R:R? Sorry, don't understand the 4hr in relation to the 15 min.
No relation at all. In on 15, out on 15.
4hr was included to show divergence developing on that TF as well.
With just socks on (too hot in here...), looking on yen crosses hitting weekly support with confluence, looking at dow, toying with previous high after 6 day rally and wondering what's next... If we had crude @ 68, I'd know what to do.
Greed says short yen XX, brain says, hold your horses, no coachman in place..
Quote:
Originally Posted by supremeChaos
james16,
oooops...
i'm not sure what u mean here...
maybe im too inquisitive/open-minded (& at the same time ignorant of the issue at hand).
Relax Daniel son..
No one's going to ban you, not yet anyways.
I'll take the hit (_<>_)---
Excuse the newb question, but did you take this trade based solely on the 50% fib and round number? (My untrained eye doesn't see any PA to confirm the trade.)And if yes, then based on your "greed pays" comment, you're saying it wasn't safe, I assume?
.. and weekly/daily ppz. As for pa, you've got beovb 1hr right off of that zone.
I posted dj and gj chart for a reason last night. Those who know me, know what I'm up to when I throw a chart or two, especially when equities approach solid S/R area, but that has been discussed many times here, before. It's easy money, almost every time that happens. No questions, no answers...
I used 'greed' as a metaphor as I wanted to short it right when price hit 155.40.
Got in at much lower price though..
Putting J16ch thread in commercial bin is a 'low blow' on FF part.
It took me some time to find it again. I can't even see new j16 posts under 'Active Threads' .
Maybe it's just me...
Oh well, who cares, it will be new traders who will miss out.
Word 'commercial' was always big turn off for us.
now im going to blow some minds with whats coming next.
i pay out almost 15,000 per month to people that help me teach and take care of newbies both in the group and here AND guess what?
almost 10 people every month count on what i pay them.
Just for clarity sake(since I made many references to the PF in my posts):
No, I'm not one of them, If you ever wondered about my intentions ..
.
cl - vouch removed
.
AUDJPY - Not sure I want to trade against Rac on this one... I am very short on this pair.
no, no.. I saw aj hit rac's favorite yesterday, but picked ej and gj instead.
I'm now wondering about fiber. I saw some 'well known' news casters on the first page of FF proclaiming EU to shoot higher, but I saw that PB with divergence and thought 'no way, they must be wrong'....
.
just wanted to clarify, you bought on the break of the bar with the yellow arrow? You saw the buovb begin to form, and instead of waiting for the bar to close as a buovb and wait for the traditional entry trigger, you bought when the high of that bar was breached. is that correct?
Ross
correct.
you haven't missed anything yet. this one is going to 1.18 soon...
Thats the fastest 4 hr time frame trade I ever did. (see my last post)
Nice way to end the week :-)
Have a great weekend guys
FXP
Don't you just love it when your ideas work out..
I have also faded this morning's spike to 4380 along with few other crosses when equities hit the brick wall.
I personally do a little bit of both. I do have specific areas I am watching with confluence, but also sometimes you just have to be a bit more flexible when a huge nice bar shows up and see if it is playable. So my answer is both
ben i have been reading your posts and i am so impressed with your understanding of price action..u have a huge future ahead of u...keep learning buddy..
Understanding is one thing... and trading pin off of support live, without peeing in the pants is another. They're two different things. Trust me....
I know at least two guys from this forum (don't worry, i won't tell who you are), who PM me every other day. They can run circles around me with their understanding of PA, yet they keep losing dollar after dollar...
It takes time/years (and many won't ever get there) to master your psyche and emotions.
Quite a few authors made millions on great trading books, yet they never traded their own accounts.
Only made money when I spent enough time in the only section I overlooked...Fiji's Trading psychology.
Thanks Fiji
This is the most important section in the pf imho, but unfortunately not many traders see it right away. I think ego plays a huge role.
That section alone is worth more than entire ForexFactory....
closing all your positions, Sir?
not leaving some for the 140's, for now? (u must be expecting a significant bounce at 150 perhaps, since it's the first revisit since July)
Cause price of something else is bouncing off of the support line and I hate giving away pips. It might not matter when you demo or trade micro, but It will eventually become important when your pip value increases.
GJ is not ready to hit 140 just yet, but it will eventually go there...
I'll let Mark answer this more correctly, but I know that if you read through all his posts on this thread, you can get a very good idea of what strategy he uses. I know because I've done it and I feel like I have a pretty good grasp of what and how he trades... takes time... only you can decide if it's worth it. He gives little hints about things he looks for in many many posts. It's just a matter of going through his material.
Nice trade btw!
Josh
Before I disappear Josh, let me hint you further...
On the forums, I'm only interested in REAL TRADERS AND REAL MONEY.
Everything else including theoretical stuff is a waste of time. And when you look what's happening around the world you shall notice that time is very precious.
Your mind can and will make wonders if you focus on your goals and skip the noise.....
They say (who ever "they" are) that many traders get caught up at looking at past data to foresee the future. But the great ones (like all of us on this thread ) look ahead to where Price may be heading and have a plan.
Nice one Raczman.
Jim
Sometimes you get it, sometimes you don't.
Here's one from last night... Buy limit hit, order not filled...
I must be getting too conservative....
I'll be adjusting my method's rules just a bit..
Maybe you took some profit on that first ride up though?
...
I did Josh (on Friday),
I just added it to the chart.
...waiting for a pullback before committing again for a run to 0950, 11 and beyond..
If I were still long, my SL would've been sitting around 0750 (fridays bar high)
I KNEW that was going to happen last night! F#@! ...LOL
Hope you had a plan and acted accordingly...
Quote:
Originally Posted by Revstar
Hey Rac,
Were you sniping DJ/SP for a reversal before taking these trades
or pure J16 pa ?
or a combination of both..
Let's say, I just took advantage of people locking profit on certain crosses.
When every one wants out, you get a snowball rolling and there is no mercy for greed...
Quote:
Originally Posted by pakiestra
...
What ?????????????????????????
What do you mean "moved away" ?? Does FF want to exert some sentence or what I'm missing, please update me if possible
... not everyone likes being showed in 'commercial forum (beta)' cave....
Price pulls back to rac's favor retrace, 4hr ppz with fib confluence.
Then we are blessed with a nice PA off of that area. Everything looks kosher so we are ready for ... Kaaabooom.
.
I thought I'd share my conversation with Patrick (Seeking Light) in the PF on Sept. 22. Everything played out just like we called it.
Voodoo you say?
No, I've learned it from Jim and his videos. Add little common sense and you're on your way...
I've wasted way too much money before on self proclaimed trading gurus, bogus websites and useless trading books written by folks who never made any money from trading...
I'm fortunate I came to my senses and eventually found this thread.
Happy trading and Enjoy the day.
Quote:
Originally Posted by raczekfx
..
I know that many are looking/aiming at 1.50, but from looking at the charts, I'd say 1.4850/80 would be it (if we can get that high of course). Regardless, I have a fair size sell limit order waiting
Quote:
Originally Posted by raczekfx
Right, I'm not really hoping for full blown reversal. We'd have to hit the top on EU, spiral down some 150 pip, move back up to test the top and then plunge.. I'm just setting up a trade for those 150 pips. ...
We'll see what will happen... but before FOMC meeting any price you can get above 4800 is a bonus...(if you're going short. )
..
being testing ur methods with great success, being telling myself its fluke ...lol
after a couple of months forward testing , i wont call it fluke anymore
....
I'm happy for you. Many pips.
One step at a time, we'll change the world..
Quote:
EDIT: just noticed..
the first quote is invalid/page error
the second quote/link takes me to this: VantagePoint Discuss.thread..
I don't think links would work. I copy and pasted these posts from the PF
That yellow PPZ is going to be troublesome... IMHO of course. Check it out on the daily - I say, there are better places to place a bet - if you are looking at the table.
RAC might just get his wish and and the UC will float up a bit - but not like he wants - not yet... December perhaps.