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This thread is for the Pimp strategy from The School fo Pimpology
SFXS,
Hello, dear traders!
For the first week of February our system Gamma has earned 44pips, or approximately 2 % if to observe our MM. From the beginning of year system Gamma has earned 785pips or 42 % if to observe our rules of MM.
We congratulate all of our subscribers, and wish success and profits to all!
With the utmost respect, SFXS, this thread is for students of The School of Pimpology to discuss their trades relative to the Pimp Strategy.
Trying to sell your wares on another person's thread is down right disgusting, distasteful and disrespecting.
Please kindly share and show us the same respect and go elsewhere to do your advertising.
You are welcome to post here providing it is relative to the Pimp Strategy from the School of Pimpology.
Thank you.
Moderators and Adminstrators: PLEASE DELETE POST # 1768. Thank you.
Hello, dear traders!
For the first week of February our system Gamma has earned 44pips, or approximately 2 % if to observe our MM. From the beginning of year system Gamma has earned 785pips or 42 % if to observe our rules of MM.
We congratulate all of our subscribers, and wish success and profits to all!
With the utmost respect, SFXS, this thread is for students of The School of Pimpology to discuss their trades relative to the Pimp Strategy.
Trying to sell your wares on another person's thread is down right disgusting, distasteful and disrespecting.
Please kindly share and show us the same respect and go elsewhere to do your advertising.
You are welcome to post here providing it is relative to the Pimp Strategy from the School of Pimpology.
Thank you.
Moderators and Adminstrators: PLEASE DELETE POST # 1768. Thank you.
I totally accept your view beside what he said is not at all tempting... I could still do all this by myself with pimp strategy without having someone to spoon-feed me and knowing the knowledge with stay with me my whole life.
AUDUSD: Still short triggered by CCI cross. Target is most recent lows.
EURGBP: Both Daily AND Weekly swings are at 50% Fibs BUT in opposite directions! So what to do? Nothing, just watch and let the market and the strategy show us the way. What I see is a re-test of the lows and depending how today's bar closes, I may enter a short ticket.
End of NY session: Closed with exhaustion/neutral bar at confluence of minor resistance, the 20 and 50% Fib. Sell ticket in place at 0.8935 with TP at 0.8850, major support.
GBP pairs:Took small profits on GBPJPY as it seemed to have stalled although I still expect it to re-test the lows at support. Everything still lined up and waiting for CCI cross.
The rest I am out of until they break S & R or TLs.
Most pairs are in congestion. Expect big move when they break out of their range. Brokers are being inundated with orders above and below the ranges. Be careful with first breakout, it usually is a fake by market makers to wipe out the stops - they know where they are!
Look for a re-test or 1-2-3 as the strategy calls it but if you see it take off in a big way, you might want to get a Ticket to Ride!
EURUSD: Like a spring being compressed tighter and tighter building up huge amounts of energy. In my view, this is going to explode. Major support at 1.2710 with only minor resistance above until major resistance at 1.4025. I'm looking to enter long.
USDCHF: Not as compressed as EURUSD but nevertheless coiling tighter and tighter. Below major resistance at 1.1650 and next major support at 1.1180. Now beginning to look opposite of EURUSD again. I'm looking to enter short.
Rock on,
Strat
Last edited by stratocaster59; 02-13-2009 at 02:53 AM.
EURGBP - well that was a quick "In out, shake it all about" trade. A quick 85 pips while I was in the land of nod. I'll take that every time, thank you.
AUDUSD - well and truly trapped between minor S&R. Placing TP order to get out with small profit. Don't like being stuck with an order in a directionless pair.
EURUSD coiling ever tighter and tighter - do not get in the way of compressed springs!
Fridays are usually thinly traded but today it looks like most traders have left for the Valentine's week-end.
Hello!
I had a real dip in the middle of the week this week. I have noticed if I have a bad experience or some bad trades I lose my confidence and I trade like a complete pratt afterwards. Too tight stops, cut winners too early, hesitate and miss moves and worse (I am grumpy). Something I have to watch out for.
Sterling was a great mover this morning at the London open. I missed cable but caught GBPCHF and GBPJPY in the upmoves. Bounces off the 20ma with the strategy.
I also traded part of the GBPJPY retracement between the two 20ma's.
Monday is a holiday in the US, President's Day, so will only trade the London Open and have a lovely day off I think and do some reading and learning instead of giving away pips in low volume/liquidity.
Nic
PS - My charts look a bit different because I am using candles and trying to learn price action. Still traded with the strategy tho.
Here is the Brent 4hr chart since the beginning of the year, we are on April futures price now. WTI chart is ugly too.
You cannot trade this with the strategy, the only thing that works is selling at the top and buying at the bottom.
Next week could be volatile with WTI March contract rolling over to April on Friday and the spread between the two months contracts could mean some unexpected squeezes which could whipsaw Brent around too.
You Lucky Oil Traders - a $10.30 move in the works!
Based on the Brent H4 chart posted by Nicola, Prices are being compressed in another ever tightening coil suggesting another explosive breakout.
Breakout from these coils are pretty reliably measured from the two extremes which form the beginning of the coil so say 52.20 to 41.90 which is 10.30.
You then project 10.30 from the breakout of the coil in the direction of the breakout for your profit target.
I wish my broker had the black stuff.
PS. Nicola, be careful trying to make price action work on M15. While it does work, it is not as reliable as on H1 which is not as reliable as on H4 which is not as reliable as on the Daily etc, etc. The higher the time frame, the more reliable EVERYTHING works.
Rock on,
Strat
(I bought the trouble and strife 1 dozen red roses!)
You are so lovely Strat ... I was secretly hoping if I posted that chart I would get your analysis!! Thank you ...
Have a lovely day tomorrow and hope the Mrs appreciates you!
Nicola
Quote:
Originally Posted by stratocaster59
Based on the Brent H4 chart posted by Nicola, Prices are being compressed in another ever tightening coil suggesting another explosive breakout.
Breakout from these coils are pretty reliably measured from the two extremes which form the beginning of the coil so say 52.20 to 41.90 which is 10.30.
You then project 10.30 from the breakout of the coil in the direction of the breakout for your profit target.
I wish my broker had the black stuff.
PS. Nicola, be careful trying to make price action work on M15. While it does work, it is not as reliable as on H1 which is not as reliable as on H4 which is not as reliable as on the Daily etc, etc. The higher the time frame, the more reliable EVERYTHING works.
Rock on,
Strat
(I bought the trouble and strife 1 dozen red roses!)
Great trading this week in the live room with the pimp and his buddies.
I was wondering which broker do you guys use? I know many are using ODL, but I hear mixed experience with them, what other trusted brokers are out there, I do realize there are many scammers waiting to get their hands on my hard earned dollars.
ATM I'm using Fastbrokers.com which are related with FXDD in the US, something is telling me that I should change broker and move to one in the U.K. or elsewhere in Europe as I feel they are more trustworthy.
(Not that my confident in the English governing body are high right now, since they have a big responsibility in the fall of 2 of the biggest banks in my beloved Iceland late last year.)
Anyhow which brokers do you guys recommend and how is your experience with them?
Recomended brokers
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Linear Mode
