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- Hurst replied Jan 19, 2016
could be we take out the spike at 169.066 by a couple of pips, technically the cycle is in the next 15 mins you could also wait for the reaction and then get in. I sold 169
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- Hurst replied Jan 19, 2016
I am hoping the top cycles is upon us now and I would be looking to sell 169 and go for a 90 pip target
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- Hurst replied Jan 19, 2016
If you read the thread you will see that this is just the first stage, also belief is the start of a mental process of conditioning yourself to remove limits. Sure the market does not care what you think, but you care what you think. It is your ...
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- Hurst replied Jan 19, 2016
Ok the GBPJPY has already hit 169.064 the box on my chart, we are not quite there in time yet, so it is possible we might just go and tap the top to shake out the people that went short and moved their stops to break even too fast, as this could be ...
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- Hurst replied Jan 19, 2016
Hello Rtm, thanks for your comments. I personally know a trader that makes double or treble his account every month. He then withdraws the profit and starts again, with just a £500 or £600 pounds. He supports his family and lives off his income. If ...
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- Hurst replied Jan 19, 2016
image I am looking to sell the GBPJPY but only when I have a time hit 169.05 169.30 or even 169.78 are all potential tops, so I will wait for my time cycle to be matched before selling
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- Hurst replied Jan 19, 2016
I like this even though its small pips, keep running it and keep us updated
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- Hurst replied Jan 19, 2016
Their DOW market is disabled, just for reference, so I take it you were trying to trade the DOW, they should really mark that up as not tradable.
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- Hurst replied Jan 18, 2016
From what I can gather your trading is reset to $1000 each month and you are back on level 1, but as I said this was just a test for the next stage MPS had the right controls in place to do this test, but I think its a waste of a good traders time ...
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- Hurst replied Jan 18, 2016
Problem is a US holiday so I am not going to bother anymore, that was a good trade though bearing in mind the volitility
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- Hurst replied Jan 18, 2016
Be careful about taking a trade at a level I would rather see the reversal first at the moment the GBPJPY tripped the low of the range and did not follow through 167.38, could be they were triggering traders short in which case they won't want to go ...
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- Hurst replied Jan 18, 2016
image GBPJPY is still fooling about 168 78 area is an area to look for a trade, that will mean that the last high will be taken, my line in the sand is 168.78, I will wait for a short signal in that area. image
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- Hurst replied Jan 18, 2016
A couple of people have asked why I am so aggressive with my stop movement, the reason is if I am trading in the London open the MM will push price away from their area fairly fast, because they trade the largest amount of contracts, so when the ...
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- Hurst replied Jan 18, 2016
The market seems to know the data is missing and it will adjust the cycle accordingly, also you can use calendar days or traded days, they will both work, but TD work better for me even with data missing
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- Hurst replied Jan 18, 2016
I used up my message NP so here is your answer R is talking about the price chart being three dimensional, personally I think this is a stretch to far myself but you can see it, if you educate your brain to see it. url price appears to be going up ...
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- Hurst replied Jan 18, 2016
So in cases like this where it simply goes sideways there is a good chance they will take the high again at 168.12 just to wipe out any traders that did happen to get short and now have their stops at break even. I have a potential cycle in 25 ...
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- Hurst replied Jan 18, 2016
Currently short GBPJPY, once I am in profit I am very aggressive with my stops, because either the market will run or it will range, or reverse. If I am wrong I want to be out, if the market is going to range it is not going down I also want to be ...
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- Hurst replied Jan 18, 2016
Hello NP, no these are 5 min cycles, the markets are amazing they already know which cycles they are on and it does not matter which time frame you go to the cycles are amazingly the same so if you have a 7 bar cycle, it is a 7 on the minute chart , ...
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- Hurst replied Jan 18, 2016
image you can see the two dotted lines on my chart where I expected cycles, the red dotted line is the next possible cycle
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- Hurst replied Jan 18, 2016
image I sold the gbpjpy, and I put my stops to break even very quickly, the 5 min cycles that are currently in play on the GBPJPY are 30 mins and 1 hour, both my sells were stopped out at BE so I will wait for the next trade time in about 25 ...
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