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  • #18,801
  • Nov 7, 2014 3:07am Nov 7, 2014 3:07am
Quoting wibie g
It's a PIN BAR in H4, Folks..! {image}
Yea, could be true!
Hello World!
  • #18,802
  • Nov 7, 2014 3:09am Nov 7, 2014 3:09am
Quoting mact4
Dont think bears are quite done yet. Looks like a downward channel. Spike up from bottom of channel (also SR zone previously identified by Hollowzone (1123-1135: http://www.forexfactory.com/attachme...3&d=1415044067) and resistance at top of channel {image}
Hi mact4, thanks for that. Well the first target for EW was hit this week, 61.8 of Wave-1. I'm 'still' concerned with the angle of decent. Might start to correct itself over the coming weeks? What's your thoughts?
  • #18,803
  • Nov 7, 2014 3:21am Nov 7, 2014 3:21am
IF this peakout can be invalidated by NY morning, I'm of the view that Bulls are back.

In other words, if price can climb to 1248-50 zone by NY morning, price will fly real high in the US session.


​
Risk Disclaimer

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders/investors. Past performance is not indicative of future results, for eg: Golden Seasons. The high degree of leverage can work against you as well as for you. You can lose all the money you have invested.

​Use your MM and trade at your own risk.
Attached Image (click to enlarge)
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Hello World!
  • #18,804
  • Nov 7, 2014 3:22am Nov 7, 2014 3:22am
Hello fellow traders,

I would like to share with you my amazing last month performance where I managed to turn $500 to $12,500 (2500%) in less than a month.

Attached pdf detailing my the positions history of last month!

I'm happy to share my trading strategies if requested.

Best of luck!
Attached File(s)
File Type: pdf 2500 (1).pdf   156 KB | 947 downloads
  • #18,805
  • Nov 7, 2014 3:31am Nov 7, 2014 3:31am
Quoting fxmasterdxb
Hello fellow traders, I would like to share with you my amazing last month performance where I managed to turn $500 to $12,500 (2500%) in less than a month. Attached pdf detailing my the positions history of last month! I'm happy to share my trading strategies if requested. Best of luck! {image}
Feel free to share your strategy mate..
Hello World!
  • #18,806
  • Nov 7, 2014 3:38am Nov 7, 2014 3:38am
Quoting fxmasterdxb
Hello fellow traders, I would like to share with you my amazing last month performance where I managed to turn $500 to $12,500 (2500%) in less than a month. Attached pdf detailing my the positions history of last month! I'm happy to share my trading strategies if requested. Best of luck! {image}
Nice one.
Pretty risky, but looks like high risk/high reward is paid off for you.
Don't really think your strategies is going to help someone, because emotional aspect is the most important if you trade like that.
  • #18,807
  • Nov 7, 2014 3:40am Nov 7, 2014 3:40am
Quoting griffinssoul
{quote} Hi mact4, thanks for that. Well the first target for EW was hit this week, 61.8 of Wave-1. I'm 'still' concerned with the angle of decent. Might start to correct itself over the coming weeks? What's your thoughts?

Honestly, I don't know! Just a few points to note:

1. On Daily, price bounced off a lower TL. If Daily closes on a bullish bar and my indicator confirms a change in direction, then yes, price may continue up.
2. On H1 time frame, I would like to see price close above the channels in my previous post to confirm a move up.
3. EW: If I remember correctly, Wave 5 of 5 often ends in a diagonal, which is what we have at the moment, so we could be seeing the start of Wave A.
4. Gold has been tracking inversely the rise of UJ. Divergence showing on H1 UJ so a retracement down soon is possible => and gold goes up
5. Stating the obvious - NFP later today will show the way!


Disclaimer:
a) I am a novice part-time EW trader!! I find EW fascinating but hard to trade with, and merely use it as a guideline of what phase price might currently be at.
b) I also tend to trade a shorter timeframe, entering on the H1 and often exit within a day, two at most.
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  • #18,808
  • Edited 4:22am Nov 7, 2014 3:41am | Edited 4:22am
Quoting abokwaik
I know that most traders now prefer the short side. I feel this will be a good time to check the long side. Yesterday I was surfing against the tide and still made good money. I know good traders can make money in both directions. H4 Chart {image} A trend will reverse sometime and its difficult to know when so I start with small volumes based on shorter time frame technicals (H4 in this case) . The advantage is the low risk if I was wrong, and High rewards if I caught the trend reversal. So my plan is to BUY gold whenever it gets cheaper, and then...
"Dance like a Butter-fly sting like a Bee", Rope-a-Dope.

Hi abokwaik, you got me thinking about "surfing against the tide" and how I could approach this without getting slaughtered (as usual). One idea popped into my head. Ok, so I tried this today and I call the method "Rope-a-Dope". This is what I did; traded EU and UJ counter-trend. Watched PA punching up (UJ) and down (EU) with trend. Waited until it started to look a bit weak and then landed my first counter-punch trade. I broke my usual Lot size into multi-parts - one punch/part per trade. But PA kept coming at me and again I waited for signs of weakness, then landed my second counter-punch consisting of 4 parts 1 pip apart - thats all it took to KO EUand I had one punch left with eight parts. SL was below the last counter-punch. [if SL is hit then repeat on a higher TF as PA is punching too hard...]. Three punches for UJ before KO [1-3-5 combo]. The advantage with this approach is that you only need a 38.2 retrace for profit as you are top heavy. I was l;ucky today got 100% retrace but first punches were BE(+com). What do you think?

Disclaimer: please take responsibility for your own trades and trade safe (please re-frame from blaming thread leaders and other traders, thank-you). Handing out disclaimers in FF is like "handing out speeding tickets in the Indy 500"
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  • #18,809
  • Nov 7, 2014 3:42am Nov 7, 2014 3:42am
Quoting fxmasterdxb
Hello fellow traders, I would like to share with you my amazing last month performance where I managed to turn $500 to $12,500 (2500%) in less than a month. Attached pdf detailing my the positions history of last month! I'm happy to share my trading strategies if requested. Best of luck! {image}
I don't understand how you can trade 0,5-1 lot on the begining with $500. Margin for 1 lot with leverage 1:100 is aprox. $300. But view your strategy could be very helpful..
  • #18,810
  • Nov 7, 2014 4:01am Nov 7, 2014 4:01am
FWIW I think this spike is profit taking ahead of US news and the weekend (that doesn't mean it's reached the top today).

There is an implicitly stated currency war and race to the bottom between EUR and JPY (as the EUR drop yesterday shows) - and that can only be good for USD, and therefore bad for Gold. Unless I see something significant I am going to continue to build short positions to 1000 (a level Goldman Sachs stated would be reached within 2014) and then look to start unloading some (or all) of them.
  • #18,811
  • Nov 7, 2014 4:09am Nov 7, 2014 4:09am
Quoting dafa
{quote} I don't understand how you can trade 0,5-1 lot on the begining with $500. Margin for 1 lot with leverage 1:100 is aprox. $300. But view your strategy could be very helpful..
Hi,

honestly it is pretty simple, i had three main strategies:

1. breakout system, as you know last month most of fx currencies were trending in one direction which made it perfect system to use
2. candlestick system, i used 15 min & 1 hour time frame and was looking for candles like (engulfing, hammer, shooting star) given it indicates a move towards the overall direction (so in case a hummer for example gives me signal to go long while market is trending down, I ignore).
3. Advanced patterns (Gartely, Bat & Butterfly), I used them in fewer times than the other two, but the good thing with this one is I even considered counter trends (max up 32.8% retracement for counter trends and up to 100% for trend following).

I hope I was useful, in case you not familiar with the systems I used you can google them and i would be happy to assist later.

Best of luck!
  • #18,812
  • Nov 7, 2014 4:13am Nov 7, 2014 4:13am
Quoting ClockTrader
{quote} Feel free to share your strategy mate..
Hi CT, just saw your post! here is my strategy

honestly it is pretty simple, i had three main strategies:

1. breakout system, as you know last month most of fx currencies were trending in one direction which made it perfect system to use
2. candlestick system, i used 15 min & 1 hour time frame and was looking for candles like (engulfing, hammer, shooting star) given it indicates a move towards the overall direction (so in case a hummer for example gives me signal to go long while market is trending down, I ignore).
3. Advanced patterns (Gartely, Bat & Butterfly), I used them in fewer times than the other two, but the good thing with this one is I even considered counter trends (max up 32.8% retracement for counter trends and up to 100% for trend following).


Best of luck!
  • #18,813
  • Nov 7, 2014 4:13am Nov 7, 2014 4:13am
Quoting mact4
{quote} Honestly, I don't know! Just a few points to note: 1. ... Disclaimer: a) I am a novice part-time EW trader!! I find EW fascinating but hard to trade with, and merely use it as a guideline of what phase price might currently be at. b) I also tend to trade a shorter timeframe, entering on the H1 and often exit within a day, two at most. {image} {image}
Thanks mact4. I guess if the ABC was rather flat then that could do the trick. Then again we could have an extension?
  • #18,814
  • Nov 7, 2014 4:15am Nov 7, 2014 4:15am
Quoting Jonh
{quote} Nice one. Pretty risky, but looks like high risk/high reward is paid off for you. Don't really think your strategies is going to help someone, because emotional aspect is the most important if you trade like that.
Well while I respect your comment, I do not trade on emotions rather i have set of strategies that i follow and is actually paying me pretty well
  • #18,815
  • Nov 7, 2014 4:15am Nov 7, 2014 4:15am
Quoting wibie g
It's a PIN BAR in H4, Folks..! {image}
On my chart it is not PIN bar like yours. But I think it's going to hit 1149 which is first Daily Resistant Line because H4 managed to close above Daily Pivot Point 1143. Also 1143 is the first Weekly Support line. So the bull and bear are trying to take control at this moment. If the weekly close price is below 1143, we may see another bear stage in next week, but if the price is above 1143 we expect bounce back toward 1200. IMO, the market is still in bear stage.

For me, I'm out now because I got 750 pips today, and will wait to see what happen today.

Good luck everyone here

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 26 KB
Trade at your own risk. Don't follow one's opinion.
  • #18,816
  • Nov 7, 2014 4:33am Nov 7, 2014 4:33am
Quoting reggiewang
{quote} Hi Samsamall, I am a new comer, and really interested in this indicator shown daily S & R, is it possible for you to share with me. very much appreciated! Best regards R
Hi mate,

Please find attachment for my setting and indicator. If you have any question please feel free to contact or PM me.

Best wish.
Attached File(s)
File Type: docx Pivot Setting.docx   263 KB | 543 downloads
File Type: ex4 AutoPivotIndicator v5.ex4   32 KB | 510 downloads
Trade at your own risk. Don't follow one's opinion.
  • #18,817
  • Nov 7, 2014 5:48am Nov 7, 2014 5:48am
Quoting fxmasterdxb
{quote} Hi, honestly it is pretty simple, i had three main strategies: 1. breakout system, as you know last month most of fx currencies were trending in one direction which made it perfect system to use 2. candlestick system, i used 15 min & 1 hour time frame and was looking for candles like (engulfing, hammer, shooting star) given it indicates a move towards the overall direction (so in case a hummer for example gives me signal to go long while market is trending down, I ignore). 3. Advanced patterns (Gartely, Bat & Butterfly), I used them in fewer...
I use the same system. Or first two. But I don't understand yours lots size. It's the crucial I think. How you can manage loss with so big positions? If you have $500 and market goes agains you so with 1 lot you can stay in that position for maybe 30 pips? After that you have $200 account. Can you explain it?
  • #18,818
  • Nov 7, 2014 5:49am Nov 7, 2014 5:49am
Thanks mate!

Quoting fxmasterdxb
{quote} Hi CT, just saw your post! here is my strategy honestly it is pretty simple, i had three main strategies: 1. breakout system, as you know last month most of fx currencies were trending in one direction which made it perfect system to use 2. candlestick system, i used 15 min & 1 hour time frame and was looking for candles like (engulfing, hammer, shooting star) given it indicates a move towards the overall direction (so in case a hummer for example gives me signal to go long while market is trending down, I ignore). 3. Advanced patterns (Gartely,...
Hello World!
  • #18,819
  • Nov 7, 2014 5:51am Nov 7, 2014 5:51am
Price did not breach 1248-50 before NY morning, but went only sideways, I would watch the PA further before concluding anything.


Quoting ClockTrader
IF this peakout can be invalidated by NY morning, I'm of the view that Bulls are back. In other words, if price can climb to 1248-50 zone by NY morning, price will fly real high in the US session. ​ Risk Disclaimer Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders/investors. Past performance is not indicative of future results, for eg: Golden Seasons. The high degree of leverage can work against you as well as for you. You can lose all the money you have invested. ​Use your MM and...
Hello World!
  • #18,820
  • Nov 7, 2014 6:02am Nov 7, 2014 6:02am
Quoting dafa
{quote} I use the same system. Or first two. But I don't understand yours lots size. It's the crucial I think. How you can manage loss with so big positions? If you have $500 and market goes agains you so with 1 lot you can stay in that position for maybe 30 pips? After that you have $200 account. Can you explain it?
He must have started with micro-lots and then gradually built the size.

He can explain more..
Hello World!
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