lukx zline trading log + cfabian p.35 + adaseb p.48

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adaseb
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Postby adaseb » Wed May 12, 2010 4:14 pm

aliassmith wrote:
adaseb wrote:
aliassmith wrote:
adaseb wrote:
aliassmith wrote:
newark18 wrote:hey, someone responded. :shock:

Ok, so I am not crazy about their correlation.


They are all a function of the US dollar. So there should be some
relationships.


Yeah pretty much.

Why do you think the GBPJPY goes crazy up and down hundreds of pips during NFP when USD is not even in its pair.


Because GBP/JPY is a cross pair ( GBP/USD and USD/JPY ) it seems that
the Yen crosses are more sensitive and make the big moves. I traded
them a lot a few years back when I could perdict their movement really
accurate. Those were the days. :roll:


I trade the NFP every month on the GBPJPY pair by hedging my positions. It sure is fun.


Good times doing that for 100 pip spikes in less than a minute with huge
lots. 8) That is where liquidity issues came into play and caused slippage.


I usually hedge a couple minutes after the news comes out, not right away. That would be just nuts

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aliassmith
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Postby aliassmith » Wed May 12, 2010 4:21 pm

adaseb wrote:
aliassmith wrote:
adaseb wrote:
aliassmith wrote:
adaseb wrote:
aliassmith wrote:
newark18 wrote:hey, someone responded. :shock:

Ok, so I am not crazy about their correlation.


They are all a function of the US dollar. So there should be some
relationships.


Yeah pretty much.

Why do you think the GBPJPY goes crazy up and down hundreds of pips during NFP when USD is not even in its pair.


Because GBP/JPY is a cross pair ( GBP/USD and USD/JPY ) it seems that
the Yen crosses are more sensitive and make the big moves. I traded
them a lot a few years back when I could perdict their movement really
accurate. Those were the days. :roll:


I trade the NFP every month on the GBPJPY pair by hedging my positions. It sure is fun.


Good times doing that for 100 pip spikes in less than a minute with huge
lots. 8) That is where liquidity issues came into play and caused slippage.


I usually hedge a couple minutes after the news comes out, not right away. That would be just nuts


used high speed computer to evaluate news and orders. doesn't work now
since World economy collapse. :(
Trade Your Way as Long as It Makes Money!

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newark18
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Postby newark18 » Wed May 12, 2010 5:28 pm

Dragon,

I doubt it makes you feel better but I found it very difficult to trade today. I'm a loser today too.
Failure is an opportunity to learn.

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dragon33
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Postby dragon33 » Wed May 12, 2010 5:37 pm

as request

Image

Image
figure it out it went wrong and i can not explain why. Probably made the wrong analysis :oops:
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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es/pip
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Postby es/pip » Wed May 12, 2010 6:03 pm

prochargedmopar wrote:
dragon33 wrote:It has been a long time but today i really had a bad day.

Lost at the end of the day. Was not home while ej and gu were running up.


IT'S WHAT YOU DO WHEN YOUR WRONG THAT COUNTS

And I'm sure that the professional you are has controlled and minimized your losses.

es/pip
WARNING----I ACTIVELY SCALP THE EURO FROM 7-11PM AND 6-11AM est----PROCEED WITH EXTREME CAUTION!!!!!!!!!!!!!

I'll keep this in mind and maybe start scalping e/u as I'll be sure now that there will be big money to push me into profit.........



lol

last night in Asia i got slapped around a decent amount

hit em pretty hard today though

8)
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Wed May 12, 2010 6:04 pm

es/pip wrote:
prochargedmopar wrote:
dragon33 wrote:It has been a long time but today i really had a bad day.

Lost at the end of the day. Was not home while ej and gu were running up.


IT'S WHAT YOU DO WHEN YOUR WRONG THAT COUNTS

And I'm sure that the professional you are has controlled and minimized your losses.

es/pip
WARNING----I ACTIVELY SCALP THE EURO FROM 7-11PM AND 6-11AM est----PROCEED WITH EXTREME CAUTION!!!!!!!!!!!!!

I'll keep this in mind and maybe start scalping e/u as I'll be sure now that there will be big money to push me into profit.........



lol

last night in Asia i got slapped around a decent amount

hit em pretty hard today though

8)



the above is in response to Pro

not Dragon having a bad day
Bend over and assume the position for another 4 years of hope and change.

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gfg1
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Postby gfg1 » Wed May 12, 2010 6:23 pm

dragon, you had the 1st GU entry nailed. On FXDD charts the low of the entry candle on GU was 1.4909. It looks like your provider came down to 1.4910, missing by a pip.

On the 2nd GU, looks like on FXDD, entry was 1.4860, retrace down was to 1.4853. Sure this does not help you much, but thanks for posting.

dragon33 wrote:as request

Image

Image
figure it out it went wrong and i can not explain why. Probably made the wrong analysis :oops:
Attachments
gu5.gif
gu5.gif (26.37 KiB) Viewed 702 times
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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IN-XS
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Postby IN-XS » Wed May 12, 2010 6:30 pm

dragon33 wrote:as request

Image

Image
figure it out it went wrong and i can not explain why. Probably made the wrong analysis :oops:


I never got a three on my sema, like in Dragon's EJ chart, just a two. I know this wont really make a difference, but its just an observation and I have never seen that before

Image

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adaseb
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Postby adaseb » Wed May 12, 2010 6:48 pm

es/pip wrote:
prochargedmopar wrote:
dragon33 wrote:It has been a long time but today i really had a bad day.

Lost at the end of the day. Was not home while ej and gu were running up.


IT'S WHAT YOU DO WHEN YOUR WRONG THAT COUNTS

And I'm sure that the professional you are has controlled and minimized your losses.

es/pip
WARNING----I ACTIVELY SCALP THE EURO FROM 7-11PM AND 6-11AM est----PROCEED WITH EXTREME CAUTION!!!!!!!!!!!!!

I'll keep this in mind and maybe start scalping e/u as I'll be sure now that there will be big money to push me into profit.........



lol

last night in Asia i got slapped around a decent amount

hit em pretty hard today though

8)


i had a flat 2 days pretty much.

+26 pip yesterday on my euro m5 scalps
-10 pip today.

lazygeorge
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Postby lazygeorge » Wed May 12, 2010 6:57 pm

Hi All,

Im in this short on GU,could someone please tell me if im seeing this correctly...will post more charts in due course just to make sure im getting the whole zline concept....

Image

could have also added more here looking at the 5 min.....am i seeing this right....any advice welcome.....

Image

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