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Top draw MrLong.............Loving these numbers......How come you only scored 2 on e/u? Were you too busy looking at holiday brochures, spending your hard earned pips? Me thinks you were thinking of your island in the sun..
Good morning all, from the rainy rock of Gibraltar.
Big day yesterday for a lot of people using the strategy, but especially to Mr Long, AKA Chopper, who amassed over 700 pips. YES SEVEN HUNDRED PIPS !!
Brilliant work and like you said to me last night. IT DOES WORK ONCE YOU GET THE HANG OF IT !
A good week had by all I think and although the Rock struggled a bit with his hangover, I'm sure he'll be back on par today.
Keep it up guys and girls, it's getting good now and this is exactly how this was meant to be. Guys coming through the ranks and slowly but surely increasing their consistency and confidence week by week.
I hope a few of you managed to get short of the EURCHF mentioned in the chat on the break of 14685. I know Ben was on it like a cheap suit.
Those with the kahunas to take on the EURJPY I spoke about in the live room would be sitting pretty with 500 points in the tin now too.
The USDJPY didn't go according to plan but the break up never did occur and it was only twats like me and Bloom who tried to be cocky and pre-empt it happening.
Looked good for about half a minute but that was it.
On to today.
Swissie looks good above 11440 to 11500 for starters.
Just wait for it to break the little resistance area then hit it upto MR1.
Just missed the EURUSD sadly.
More to follow. x x
PS, what happened to the laaaaaaaadies ?? Scorpion, MoreMore, FXDiva Larry.
This is becoming like a gentlemans club and I'm not sure if I like it.
Come back girls, all is forgiven.
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
Just to let you know today will be a short one for me on the trading front. I have some Guinness kegs to collect from my local and a cooler to connect up.
Small family occasion this weekend.
Ooops. Did I let something slip?
UPDATE:
Rockdrive should forget the pips, he should be a psychiatrist. I opened my heart to him yesterday on my frustration lately. Taking losses again.
Well after about an hour on the couch we were all done and I came back today. Cool, calm and collected.
All closed before 8:30am.
Averages:
Gold +23
Cable +13
Brent +33
Total 69.
Tony, well done today also. Dr. Rockdrive working his stuff on you too.
Okay, parteeeeeeeeeeeee time. See you all Monday.
__________________ Honest Bill
Last edited by Honest Bill; 10-31-2008 at 09:38 AM.
Good to fill the tin before breakfast. Might join you Bill !!!!!!!!
Next opportunity is EURCHF. Look for the break of the support then hit it to the targets
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
Your not wrong there Bill. Certainly appreciate the words of wisdom from those who know. Heartiest thanks.
Currently standing at +60 for the week. No fireworks I know, but after taking some 3 figures losses for the last 3 weeks it's very welcome.
Confidence is the key. I see 'em, I watch 'em, but sadly I wasn't trading 'em.
Closing out trades at break even after they go into profit and not holding. Rarely would my technical stop be hit and often my technical take profit would be.
It really is a confidence thing, master that and you're surely a long way to being successful
I'm kinda finding the amount of info a bit overwhelming. Can someone provide a quick bullet pt (couple of lines) on what the strategy is? Maybe someone has done this before??
Got Metatrader set up as described. To make it simple - say I'm looking for a short GBPUSD
From what I can gather its:
See if Crude, Gold is trending DOWN (60m chart) - therefore GBPUSD should be following
Check MA are stacked up nicely (ON 15m Chart) - for SHORTS : 5m 20 < 15m 20 < 60m 20 < 4hr 20
1st Red Heiken with MA (as above) - ENTRY
on Resistance lines / pivots - EXIT
Just wanted to break down the strategy to its most simple components - as I'm still at the moment looking at all these graphs and thinking... hmmm nice colours :S
Also do you guys trade around news announcements - such as the FED interest rate decisions - or is it best for a newbie to sit on their hands during this time.
For those who have the time - theres a really good book called Trading in the Zone by Mark Douglas which goes into the psychology of trading (which I think is a huge part of it). PM me - have the pdf somewhere
The strategy is a combination of technical analysis and correllation, but to be honest, the correlation is a bit shot to bits at the moment.
We play breakouts, 1-2-3's and basic trend following with the use of MTF moving averages and CCI's
We can look at (from one chart) a higher timeframe and a lower timeframe to take our picks. We prefer to see ma's stacked neatly in correct order and in close proximity to one another.
If you read the thread all the way through and then read it again and then back test it on the majors and then backtest it on the commodities and then backtest it on the indices and then do it all over on a different timeframe you will begin to see the picture.
Other than that, just post some trades and some charts and we will answer as well as we can.
Had a cheeky one on the JPY from 99.00. sitting pretty on the short with 30 odd pips with a glass of chamoagne in my hand.
Thank you Larry and the rest of the contributing crew. I love you all.
You the most though Larries. Need a husband??
Have a good weekend.
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
PS, what happened to the laaaaaaaadies ?? Scorpion, MoreMore, FXDiva Larry.
This is becoming like a gentlemans club and I'm not sure if I like it.
Come back girls, all is forgiven.
Hi Pimp
One of your ladies checking in to say hi.
This is a rare moment in history - savour it. Us laaaaadies not jabbering away talking about shopping and shoes, and giggling and flirting. I'm still here, taking it all in, digesting all your words of wisdom and scrutinizing all you charts but just not around to trade at the moment unfortunately.
Miss you but hope you are enjoying life in the sun and life on the Rock.
Your ever adoring Scorpion
aka Rollingstone
.
Last edited by rollingstone; 11-05-2008 at 08:52 PM.
Break it down plzzzzzzz
Good Weekend
Linear Mode
