- Search Metals Mine
- dr mongolia replied Nov 26, 2010
Hey Krav, just saw your post but I'm barely awake (been up since London open yesterday), I'll get you a detailed response tomorrow during US or London, about to take a nap. We had some more textbook Asian opportunities tonight, straight from the ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 25, 2010
Hmm not sure, I don't think I've ever used skype before but I'd definitely be willing to do so. There's always plain old IRC, it's been around for a couple decades and stable as a rock, it would work fine for chat. I'm sure there's a lot of ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 25, 2010
Thanksgiving for me starts in a couple hours (late lunch); I've been up since 1AM local time trading London so I'm not sure I'll be a very good lunch guest
. I figured the US session would be a waste today, and Asia might be really slow as ...Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 25, 2010
Sounds like an awesome idea to me. I agree with Trotty that the purpose of the chat should be defined in a way that keeps most of the "learning stuff" on the thread, then use the chat for realtime analysis, details etc. Just an idea.
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 25, 2010
Hey, I didn't see this post earlier, I gave an explanation above in response to someone's chart on the trade. I took it as a test off of a PPA area that you can see on the 15M and 1H, we get these a lot at the opening of a session. As far as the ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 25, 2010
Hey, just saw your chart. Your reasons are definitely valid for not taking the trade, and any time you're not sure, just stand on the sidelines and study what happens. I am definitely not an expert, or even a good trader -- I'm just a guy that's ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
Here's the trades I was just talking about if they help anyone.. First chart is A/U. Green area highlights the PPA area, Ken should beat us if we miss this one because he's got examples of it all over the thread. Red arrow shows the short entry. ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
Hey, In EO's method news is regarded as news -- there are no techniques for predicting/trading the news.. it's all based on technical analysis. If you can't trade the US session, the London would be your next best bet. And even if you can only trade ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
Ah! Yeah that's exactly what I'd like to do. Have you had any luck in specifically defining your setups? It gets a little crazy with all the things we watch, and all the different combinations.
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
I forgot to give some thoughts on this in that last reply: It's difficult to get a grip for what he was really risking per trade because I think when he said 3% risk he had his stop at 40-60 pips by default and would close out manually if the trade ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
Yeah in theory I know what you mean, but that's like an entirely different mountain to climb it seems. Like about 30 mins ago I took the E/J kiss off the 15M 35 / 1H 10, there's no way I would have taken that trade with 2% risk unless I had a xanax ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
I hear you, I'm the same way with business plans. It reminds me of a Dwight Eisenhower quote -- and I can't remember exactly how it goes, but something to the effect of "In preparing for battle I have always found that plans are useless but planning ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
I'm trading at 1% or less right now; If my stop is 20 pips or greater then I set my risk to equal 1%. If my stop is less then 20 pips, I set my risk so that 1% = 20 pips (so 10 pip stop is .5% risk etc). Yeah I've got the same idea as you about ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
Thanks Ken, stuff like this really helps me out psychologically.. My weekly quota is 10% right now and I have to fight tooth and nail to get that. Knowing it's possible to get twice that easily/naturally in 5 trades is a morale booster. Damnit there ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
I hear you I'm still trying to find a couple little things here and there that will help speed up progress for me, then I'll put it all together into a routine and force myself to stick with it indefinitely. By having a routine I think I'll ...Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
Just a quick note on this in case your interested-- with the "Forex Tester 2" you can look at multiple time frames, it does cost money though (I think it's like $100 for the software). I'm not sure about the VHands one. I've seen a few others on ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 24, 2010
Anyone get the "London Fakeout" on A/U this morning? It ran up past the Asian high and then gave a 15M DBHLC, but the best entry was off the 1H 62EMA kiss which would have put you right in at the top. It bottomed out at the Asian low from last night.
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 23, 2010
I'm not sure if you misunderstood my post or made a typo, but I said "DBLHC" not "DBHLC".. If it was a typo and you didn't recognize the formation then I'm guessing you've never read EO's thread to see what he considers a DBLHC. Good luck with your ...
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 23, 2010
I'm gonna head off to bed in a few, I don't have any uncovered trades and this is a very boring Asian session so far. We've got a ton of news coming out tomorrow so the I guess the market is waiting. I'll check in for the London open.
Ken's Continuing Successes with EO's system
- dr mongolia replied Nov 23, 2010
I trade A/U, G/U, and E/J. I used to also trade G/J, which is a very good pair, and I know a lot on here trade E/U. But yeah there's no need to keep it to just those pairs, you could trade whichever, just make sure to avoid pairs that are too ...
Ken's Continuing Successes with EO's system