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aliassmith
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Postby aliassmith » Tue Jun 21, 2011 2:39 pm

mook wrote:I thought the rule was to stay out of news. :)

** just to answer some emails.

1. h4 zlines/0,50,100. are major s/r lines. Again, the structure is the h4.

2.Price moves within the structure, from s/r to sr

3. You're looking for momo off the m5 to trade within the h4.

That's it people.

I won't be able to post as much, but i'll check in from time to time. Good luck. ** Don't know wtf happened to my charts.


Ya liquidity is pulled right before the news release, then depending on the
news and how it is absorbed by the public liquidity can increase a lot.

I found that the pulled liquidity by the banks caused the spreads to widen
and slippage. Not to long after the actual "number" comes out and if it is
different than expected, that is when the liquidity comes flooding back.
A lot of panic :shock: A few years back I made a lot of money on that panic
but times are different and it seems harder to predict reactions.
Trade Your Way as Long as It Makes Money!

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mook
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Postby mook » Tue Jun 21, 2011 10:01 pm

HAHAHA... When I saw that wick, I just had to go in. Don't do this, it let me close too, in profit. Still sticking to some of the rules, some lol. Scaled down to 5 bucks a pip. lol.
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mook
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Postby mook » Tue Jun 21, 2011 10:20 pm

Got in on the retrace momo reversals. Still following the rules.

LOL... never did this on news, but it seems to be working. Still taking my 5 and then some.

1st pic is where I got in... next pic below for tp just below zline.
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mook
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Postby mook » Tue Jun 21, 2011 10:21 pm

tp. Scary ride, but it worked.
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mook
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Postby mook » Tue Jun 21, 2011 10:52 pm

Still pillaging.
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mook
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Postby mook » Wed Sep 14, 2011 3:59 am

Hey, haven't posted in a while... I just wanted to offer some advice.

This is the easiest game you will ever play. Go through lukx's thread as there is enough information there to put 15% in your account everyday. Those who have found success in FX have gone through a rite of passage... that being the reading of the threads which has scaffolded a process of technical trading over the last few years. Read it, and learn.

Things I've learned and continue to practice
1. Do not trade the news
2. Do not buy EA's as no black box is completely hands free. You still have to watch your trades.
3. Have patience. Although I have learned that one can continue to trade up and down making back to back to back to back trades.
4. You have to do your time... maybe 17 hour days in front of your screen.
5. Zlines, momo, higher tf's, trading on lower tf's will make sense to you once you understand the process... a discretionary process.
6. Double your account every week, and most assuredly the high frequency trading headhunters will be looking to pimp out your pip sniping skills...

Last and certainly not least (as this is the reason why I came back to post on kreslik today) ; I still can't believe the tremendous generosity of THE DRAGON. You Sir have changed the lives of those who choose to trade like you. I for one am most appreciative of your posts. Thankyou again...

Good luck to all... \,,/

danny

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MightyOne
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Postby MightyOne » Wed Sep 14, 2011 5:57 am

15% every day...

100% every week...

You must be a better trader than I am ;)

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PebbleTrader
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Postby PebbleTrader » Wed Sep 14, 2011 5:58 am

Sounds like sound advice Mook, thanks for sharing :)

Heh, 15% equity gain per day would be nice :)
Life is just a journey

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PebbleTrader
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Postby PebbleTrader » Wed Sep 14, 2011 6:09 am

It is about collecting "TOOLS" (methods) and knowing the proper TIME to APPLY them.

If we determine we want to build a shed in the backyard, do we show up to start building with just a "hammer"? No, the "hammer" might be the right "tool" for one of the methods/process of building the shed. We'll need other "tools" too for the times when the "hammer" is not the right "tool".

Do we need 100's of "tools" to build the shed? (an experts folder with 500 indis). Or do we just need a few different "tools" that collectively get the "shed built"?
Life is just a journey

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PebbleTrader
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Postby PebbleTrader » Wed Sep 14, 2011 6:20 am

Learn to ask yourself these questions:

What if?

Why?

How?

:?: :!:
Life is just a journey

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