School of Pimpology - Page 130

FX Pimp · #**1291** (**permalink**) 11-18-2008, 08:55 AM

If this USDJPY goes through the support with Dow Jones falling there may be opportunity for a few pips here.

FX Pimp · #**1292** (**permalink**) 11-19-2008, 06:33 AM

Good morning all.

A little bit of conflict in the camp this morning.
We've seen USDJPY following Dow Jones lately and the former also moving with cable and euro, so today looks a bit confusing with USDJPY looking quite good to the upside and cable looking good to the downside.

IF and when these two start to move in the same direction then yes, I will be looking for a play but as we speak I wont be looking for anything.

Cable below 14935 might give us a little run and USDJPY below 9650 but euro and swissie are a mess so nothing doing there.
Also IF cable and USDJPY do start to fall then I will be having a look below 14420.

Have a good morning.

FX Pimp · #**1293** (**permalink**) 11-20-2008, 05:13 AM

[quote=FX Pimp;244244]
.
Also IF cable and USDJPY do start to fall then I will be having a look below 14420.

QUOTE]

Hahaha,

Yeah great effort Pimp, as that particular pair is now trading as low as 14200, but which pair is it?

Actually it was GBPJPY is was referring to. Sorry about that.

Glad some of you spotted it !!!

FX Pimp · #**1294** (**permalink**) 11-20-2008, 06:47 AM

Good Morning all

Well well,the Asian overnight session has really hit these Yen pairs over the last few hours along with EURUSD, whilst cable, the weakest of the pack of late has been quite resilient.
Yes I do believe it has the capacity to move lower, but also I am thinking if it was going to go with the rest it would have done so.

There isn't really a lot other than the potential of a short cable if it breaks the 1.4900, so I would be a bit cautious early doors.

FX Pimp · #**1295** (**permalink**) 11-20-2008, 08:13 PM

Hey guys,

Thought I'd post this lovely set-up on Euro.

If it breaks this 12490 level its going doooooooowwwwwwwwwwwn !!

FX Pimp · #**1296** (**permalink**) 11-21-2008, 07:02 AM

Euro flew 75 pips down from entry and then stopped and reversed so still holding but really might be an expensive one if it carries on. I am alsmost tempted to take a 30 pip hit and move on.
Nothing standing out as of yet. One never knows how far these retracements will go before stopping so lets allow them to continue then carry on looking for plays WITH the trend (did i say that)
Will keep you informed and I'm about to start posting a 'play of the day' video on youtube each day too which should be fun.

Have a good morning.

Honest Bill · #**1297** (**permalink**) 11-21-2008, 11:52 AM

Quote:

Originally Posted by Honest Bill

Hi all,

So here it is. The statistical results of the last 4 weeks trading (live) for me.
In summary, I took 90 trades. 50% more than I needed to or should have. That's a lot of wasted time, spreads and pips. Not to mention printer paper and ink wasted.

Now, I know hindsight is great. However, I basically looked at the chart printouts and asked myself "would I trade these now?"
The results are a major shock.

Now, I know, Pimp, Gorilla and a few others thought I was doing so well. Well, they weren't necessarily hearing about all the bad trades.

So, why am I telling you all this. Well, I am Honest Bill, aren't I ???
Take a look below. I took 58 PROPER trades and only 5 lost. That's a 95% success rate. If I had just had the discipline not to jump into the BAD ones. They killed all the success.

I urge all the readers here to do this kind of exercise every so often in order to learn from it.

WATCH THIS SPACE.....................

Another week gone by. I have kept it very tight this week having done this analysis. Thanks for all the private messages about how this has helped you all.

No pips made this week at all by me

. I did make some small losses. But, I don't mind that. Gotta take some risk to get reward.
It has been a very difficult week for all. Hardest week I've seen since this thread started. In fact, with Dow leading the way, I am focussing on indices more now.

Honest Bill · #**1298** (**permalink**) 11-21-2008, 11:56 AM

...................

william1000 · #**1299** (**permalink**) 11-21-2008, 12:00 PM

.........test.......

FX Pimp · #**1300** (**permalink**) 11-21-2008, 02:21 PM

Firstly I'd like to say a big thank you from the bottom of my heart to all the guys and girls who have supported the thread from its inception just a few short months ago.

WE HAVE NOW HAD OVER 100,000 VIEWERS

I must be doing something right and hope that we can continue to build the community.
Sure I get sad sometimes when I feel like I am writing to myself but since the chat opened most have been asking questions in there.

Well I have some rather interesting news for you all.

From Monday I will be posting each and every day a video on youtube entitled Pimpalicious play of the day.

I am a bit torn about which time to post as I want to cater for as many as I can but my initial feeling is that 5am UK time might be a good option.

that would be 6am in Europe, Midnight on the East-side, 6 or 7 or something in the evening on the west coast and early evening in Australia, New Zealand and Asia.

My page can be found here and I will strive to find a nice set-up from a 60m chart covering 20 currency pairs which are as follows.

EURUSD, GBPUSD, EURGBP, AUDUSD, NZDUSD, USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY,CHFJPY, CADJPY, USDCHF, EURCHF, GBPCHF, AUDCHF (coming soon), NZDCHF, USDCAD, AUDCAD, EURUSD, AUDNZD.

I should be able to find something there for a few pips each day I hope and please ask any questions regarding the vids here.

It's Pimpaliciously pink so you you'll see it no problem.

I will try to get a couple of intro vids on over the weekend for the newbies as theres a couple of additions to the template used over there

I would dearly love everybody's support.

Pips n Peace to all of you.

Have a great weekend.