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mongolian replied May 3, 2011hotjoey — Thanks Joey for the questions. As odd as it may sound, I do not have test performance results. This isn't really something that I just thought looked right and threw it on the platform and backtested to see if it would be profitable. ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011EUR/JPY Chart — A little change of pace. Here's a chart from EUR/JPY Price Action so far today. I love this pair. Mongolian
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011Thanks for the encouragement, and I think you are right about simple yet complex, unfortunately. No not from Mongolia or anywhere near there. Long story, but basically I had a training class which took me from my family for 3 weeks. My son gave me ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011Entries — I have attached a chart from this mornings (EST) Price Action. It was a really great example of what I've been talking about. You will notice that PA is in a long trend, it continually would go through one of our target lines and ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011Gedium Chart — My apologies for taking so long to get back on this - was away from computer and the battery on my phone was extremely lacking - Poor planning on my part. Let me just tell you that it looks like you are very close to getting it. ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011Sweet — I'm glad you are seeing it and are having success. Mongolian
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011Yep — You absolutely have it. Mongolian
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011Clarification — Sorry, I missed this comment earlier. If you are looking for explicit A+ B equals C, you will not find it here. What you will find is how to read price action and how to behave accordingly. Price action has natural support and ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011Charts — I can't get myself to post these charts correctly at the moment - I hope you get the gist of what I'm saying. I'm gonna walk away before I bash my computer into a thousand pieces. Maybe when I come back, I'll have more success. M
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011I screwed up posting that chart - See I told everyone I make mistakes. I'll try to fix that. What a goofball.
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 3, 2011Gedium — Ok - I've attached a copy of your first chart with some notes. Chart 2 - certainly you can move SL to Breakeven. DO WHATEVER IS IN YOUR BEST INTERESTS - what does that mean? It means - Protect your inventory as best you can. Chart 3 - ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011Cool — Appreciate it. I won't put up a chart - but there was a good example tonight - we had 3 legs down, price came down to around the 1.4788 area. Then it sat there for over an hour. Even though, trend is down, given that it just sat there ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011Right on both counts — Good catch - I believe you are right on both counts. I will add a disclaimer - maybe two - ONE - I'm gonna make mistakes, and probably pretty often - (just ask my boys). TWO - I have said it before, but I don't trade all ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011Answers — 1. My spead is right around. I know that it is pretty tight - unfortunately, trying clip off small chunks means I can only risk even smaller chunks. A lot of days it's no problem. I won't lie, there are days when PA is sloppy and ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011Love your chart - pretty cool. I think you pretty much have it. The only thing I would have different is there @ 17, If PA came up to give you your 17th box, and then it came back down, box 18 would be next to 17. So you would have ended up with 20 ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011I love it my friend!
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011Kenfenfx you've got it. Again everyone - I've been putting up the charts starting at 5pm or 5:30pm EST because that's when a new day starts here. I think it's 8 or 9am somewhere in the Pacific - so that the day literally is just starting there. ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011Good question. First circle - The PA came down from 1.4800 to the 1.4787/1.4788 and then came back up to 1.4800 (actually just past it to the M2 line on the Pivot Points) - that's where I would want to get back in for a short. It then went back down ...
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011Thanks — You're welcome. Thanks for checking it out... hope it helps. Mongolian
Make Money Everyday - A Guide to Short-Term Trading
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mongolian replied May 2, 2011I like your attitude! I do like those 6 lines in there also. Looks good.
Make Money Everyday - A Guide to Short-Term Trading