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

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trueblueTEX
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Postby trueblueTEX » Tue Aug 31, 2010 9:41 pm

es/pip wrote:CFTC ruling comes in at 50-1 max leverage for US brokers

although

"The rule could also be adjusted by regulators once a year."


http://www.favstocks.com/cftc-releases- ... s/3023603/

http://online.wsj.com/article/BT-CO-201 ... 10823.html


Will a US citizen still be allowed to go to a non-US broker?

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es/pip
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Postby es/pip » Tue Aug 31, 2010 10:38 pm

trueblueTEX wrote:
es/pip wrote:CFTC ruling comes in at 50-1 max leverage for US brokers

although

"The rule could also be adjusted by regulators once a year."


http://www.favstocks.com/cftc-releases- ... s/3023603/

http://online.wsj.com/article/BT-CO-201 ... 10823.html


Will a US citizen still be allowed to go to a non-US broker?



from what i understand----- as of now u can

i have a few "overseas" accounts that i have not been told will have to be closed as of yet.

i really have no idea what will happen, but i feel they are going to try and gradually kill the spot market for US citizens. It looks like they can go back into the CFTC's ruling once a month and just change it.

So whats to stop them from reducing it to 30-1 one month, 20-1 the next, and finally 10-1, which would put them right where they wanted it in the first place.

may come down to incorporating overseas and trade in the corps name or trade futures on the CME.

matter of fact i have been trading mostly ES, 6E, gold and oil recently.
Bend over and assume the position for another 4 years of hope and change.

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dragon33
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Postby dragon33 » Wed Sep 01, 2010 9:03 am

cfabian wrote:
dragon33 wrote:
cfabian wrote:
cfabian wrote:+20 at the moment.
Tempted to move SL to BE.



cfabian wrote:Currently in this trade. Let's see if I can hold. Top of the day... previous D1 big short momo. D1 ZL, so everything almost line up.

Image


What would you do here?
Closed my trade at the lower green line with +8. Had the chance to close it at the yellow area (where a "natural" bounce would happen).

During that bounce up it almost got my entry. As nothing is sure in this market, why would you let a winning position turn into a loser?

How to deal with it???? Any advices????

Image


H1 and H4 BO never target more as first H1 target which will be a zl or 50% area. 27 against momo's is nice so just take it. Why not wait for pullback and trade the right direction. A lot of people would pay money to make 27 with trend.

Patience is so important


Thanks Dragon, here I've probably a really stupid question, but what makes you believe is the "wrong" direction? I've based this trade on higher timeframes, were I "saw" we were at the top of a reversal (at least for an intraday trade).... good for a short entry. I bailed out, but have the believe it will go further short.

Thanks


Trading intraday then you need to stick to intraday zl's. Trading of an extreme which are several zl's lined out on almost the same place give you the edge you need for long trades but when you can't focus all the time you have to start somewhere.

If that start is H1 then seek next H1 target if it match H1 and H4 you will see some hassling around the next H1 but it eventually it will go further to the next H4
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

FXfreak
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Postby FXfreak » Wed Sep 01, 2010 9:04 am

two trades from london-session today:

Image

poltergeist
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Postby poltergeist » Wed Sep 01, 2010 3:58 pm

what do you think of this:

Image

now it is +4

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cfabian
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Postby cfabian » Wed Sep 01, 2010 6:08 pm

My trade from today. Good for 23 pips. Price is still stalling in that area.

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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cfabian
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Postby cfabian » Wed Sep 01, 2010 6:40 pm

poltergeist wrote:what do you think of this:

Image

now it is +4


Personally I don't like that for a long. You are almost at the top of the day. Long moves might me exhausted after 190+ pips and might look for a retrace. Besides, I do not consider that area to be a strong support, thus risky trade.

Many pips to the short move. I tried this trade, price stalled in the area you entered long, and closed.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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noushina
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Postby noushina » Wed Sep 01, 2010 6:56 pm

cfabian wrote:My trade from today. Good for 23 pips. Price is still stalling in that area.

Image


Did you enter this candle, or was it one of the two right after it.
Image



Thanks

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cfabian
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Postby cfabian » Wed Sep 01, 2010 7:16 pm

noushina wrote:
cfabian wrote:My trade from today. Good for 23 pips. Price is still stalling in that area.

Image


Did you enter this candle, or was it one of the two right after it.
Image



Thanks


I entered 2 after that momo candle (the last M15 of the H1). It was the one that reached the price I wanted to sell.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

FXfreak
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Postby FXfreak » Thu Sep 02, 2010 12:38 pm

dragon, do you use m15 or m5 for your entries? i often find m15 too late when price moves away fast from a zline.

in the image attached you see the problem. if i would have entered at the break of that green candle (marked with an arrow) my stop would have been candle around 20-30 pips while my next take profit only was 15 pips away. do you take these trades with m5? with m5 my stop would have been around 15 pips.

how did you trade the example from today or how would you have traded it?

thanks!!

Image

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