Thread: what ive been doing

Originally Posted by ;

Pretty much..Im actaully a systems\network engineer by trade... I have 4 wide screen monitors and a MAC facing me all day....lol So yeah. . Im tracking the markets. . In addition, I have alarms emailed to my telephone (THRU FOREX.com) when Im waiting for sure setup to appear and Im not facing a PC....

Understand however, Im no professional trader. . .nor do I usually scalp. I guess it will be interesting to post my FOREX experiences. . .maybe Ill find something new. I typically search for tendencies and operate with them....scalping is hard..you truly need to be seeing all of the time..so it is possible to feel the price action..hard to describe....but on occasion the market can predictably bounce between 2 numbers (a temporary support/resistance) before running thru them. . .its when those numbers are run thru once I typically start to shed pips. .

-Nick

So Nick,

I guess you are trading the Euro for the scalping? I'll Follow the SP's for scalping. lol

Johnny

Originally Posted by ;

Hey,

Pardon me for intruding. You gave me an idea! You said you use 144/169 to get a channel. And you exchange when the price hits the channel. I do in one of my methods derived from the fire approach. He uses 89/144. But just to get a fashion indaer. Not entrance. I utilize there cross to get an entry sign to start waching my1 min charts.
You gave me an Idea and I want you to have a number of this charge. I took the gap between 89 and 144 (55) and inserted it to 144. Got 199. So I made exp. MA's of 89/144/199. Apply it to the 1 hour chart. (30 min gives false crosses). Make the 89 the trend indaer. (bright colour) 89 on top is bull and 89 on bottom is bear.
In the euro/$ chart for instance, when the price returns to the channel enter long over the cross of this macd up. Use 8 ema and 4 ema to help pin point entrance. Place the other side of the following ma. Exit on a cross down.
This chart is of a strongly trending market. This large impulse wave on the daily/weekly will visit a big sharp retracement, that will trend similar to this one. (mabe) You can see each transactions profit. Each grid square is 50 pips. Trade that is smallest was about 25 and biggest was about 200.

I hope you don't mind me tweeking your thought. Its an excellent one.

Dave

edit : and I posted a chart earlier on these very same entrys but utilizing fibo retracement method. The entrys on the two methods lineup so making this one more realiable than we think. (mabe) lol

Dave:

So I suppose you are using last Friday's near? In that case looks like a signal. .

What is a Fibo? I love the name so I'm going to name my pet crocodile Fibo although I know isn't a dog's name.
Now if I can convince my girlfriend to keep it in the tub....

Johnny

Originally Posted by ;

Dave:

So I suppose you're using last Friday's close? Case looks to me like a market signal. .

What's a Fibo? I like the title so I will name my pet crocodile Fibo although I understand isn't a puppy's name.
Now if I could convince my girlfriend to keep it in the tub....

Johnny

blue is entrance red is exit. Sry for not adding that.

Fibonacci is a mathamatition that saw a reoccuring ratio through out the world and everything in it. I refer as fibo's to fibonacci retracement levels and fibonacci #. Google for more info.

Dave

Currently awaiting GBP to break 1.90.

Im hoping to buy in at 1.9015. Limit would be to 1.9045. Stop loss is 1.8995.

Update:

canceled this order for now.

Im sitting here contemplating my egy for the week. Thus far I think that the market sentiment is still $ negative and until I see a few signs saying other wise, Im planning to begin selling the $ on $ power. Its just a matter of finding an entrance point Im comfortable with. Im wondering if we will ever see the $ right a little bit more it's before its continued decline. When London comes online happens. See if the trend continues, or if a few major profit taking begins.

China today signaled it will enable a stronger Yuan...I suppose its time see JPY this week. I wonder whether it is going to break the 108.00 degree. Im looking to get into this trade on JPY weakness. . .if possible.

I began a commerce selling USD/JPY this morning at 110.30 based on the following chart. Looking to cash from about 109.75 .

Im still holding this particular trade. Stop loss is 110.65. .just another side of the tunnel.

Im still in the JPY trade..my cease hasn't been struck, and I have been taking some money off the table as I see fit.

I look to the CPI studying We've Got in the morning in Britain. Im going to be carefully watching the price action over the upcoming few hours to determine how she starts to trend. Im guessing there will be a GBP rally continuing the GBP bull trend we have been in after the news. THe risk is for a CPI number that is then expected. . .but highly unlikely. . .momentum will last up. Im point going to the news to be selling the $. Ill make a determination on where to enter some time after 2am est.. Ill wait till the news is released to initiate a trade. . .not sure yet.

I wonder if consolidation will last into semester. I suspect it does. But you can never predict these markets.