Ezakimak's Trading Blog

forex live trades, setups, charts

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Ezakimak
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Postby Ezakimak » Thu Jan 05, 2012 10:40 am

So we have one new red block formed!

If I had one new block as a target this would be closed with pips in the bank.

I will leave it open though (I'm on demo as I am testing this out) and see what happens. See if it runs, turns, dies etc. Let's see if we can figure out what it is telling us....


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Ezakimak
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Postby Ezakimak » Thu Jan 05, 2012 10:59 am

Okay, here is the current status. Am heading off to bed so have set a target and a stop loss and will check it in the morning.

I am quite attracted to the idea of targeting one block as profit....

There is a lot to think about here. You could target more if you were going with the overall trend.....but then that kind of goes against Murrey Math in that what you are trying to do with Murrey Math is pick a reversal....

Hmmmm....


Ezakimak
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Postby Ezakimak » Thu Jan 05, 2012 8:30 pm

Good morning team!

Just checked in on the chart. From last night the price kept on climbing and took out the stop.

As mentioned when the entry was taken, I was looking too see if I should use one new renko box as a target or aim for a lower Murrey Math Line. If I had gone with the 'one new box' plan then this would have easily finished with profit.

I think this is the way to go, of course I will keep looking at it. This is why I like renko - its helps to clear up the picture and can help with giving you clear targets and stops.

Jolly good, off to work then and then, after work, Mrs Ezakimak and I are to hear Mountain Mocha Kilimanjaro play. They are a 6 piece funk, groove jazz outfit from Japan.

Have a good day!

handy148
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Postby handy148 » Thu Jan 12, 2012 5:16 pm

I do hope this great blog isn't gonna die like some of the other threads have.

Ezakimak
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Postby Ezakimak » Fri Jan 13, 2012 10:55 am

handy148 wrote:I do hope this great blog isn't gonna die like some of the other threads have.


Thanks for your comment Handy148! This past week I was having some problems with MT4 so, after a lot of frustration and deleting and downloading it again, we are back on line.

Still working on the idea of watching for renko box reactions at Murrey Math Lines and then looking for confirmation with a stochastic oscillator and the Woodie. I plan to let price move one renko in my direction and then close the trade.

2012 is here! Aaaaaaggggh!

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Ezakimak
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Postby Ezakimak » Mon Jan 16, 2012 7:34 am

Alrighty then - Double top, red renko, stoch cross...just waiting for the woodie to change


Ezakimak
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Postby Ezakimak » Mon Jan 16, 2012 7:37 am

Off we go.....


Ezakimak
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Postby Ezakimak » Mon Jan 16, 2012 7:39 am

Can anyone offer any suggestions as to why my pics keep coming out fuzzy? I am doing Print Screen, paste to Paint, crop then saving as PNG.....

Ezakimak
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Postby Ezakimak » Mon Jan 16, 2012 7:41 am

Take Profit imminent......


Ezakimak
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Postby Ezakimak » Mon Jan 16, 2012 7:45 am

And we are done!


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