Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

pierre23
rank: 150+ posts
rank: 150+ posts
Posts: 313
Joined: Thu Oct 09, 2008 3:17 am
Reputation: 0
Gender: Male

Postby pierre23 » Mon Jul 13, 2009 2:29 am

monolisa wrote:Good trade, pierre23.

Looks like GBPJPY just went thru a channel of no resistance (or stops) - 40 pips. More to come??

Lis


Thank you. wow funky chart you have there lol does the green/red shading mean anything in regard to s/r levels or is it just there for show?

"- 40 pips. More to come??" -- I take it that you're +40pips up? Boy the gbpjpy really moves hey.. the spread is nothing if you can catch a good breakout.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Mon Jul 13, 2009 2:57 am

Hi pierre23,

The shadings are price density lines. Red = High density, Green = Low density.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Mon Jul 13, 2009 4:03 am

pierre23 wrote:Find which way the market is moving and trade with it..

Had some drawdown on the first trade, which was my "testing the water" trade (10 lots) so it was ok to hold it out. tp both positions at green line +8.2%. After it broke the line went short at 129.70 for a quick +1.8%

Maybe some consolidation then a continuation upward? We'll see.

Image


basically the same trade

Image

and then these


Image

Image

Image

pierre23
rank: 150+ posts
rank: 150+ posts
Posts: 313
Joined: Thu Oct 09, 2008 3:17 am
Reputation: 0
Gender: Male

Postby pierre23 » Mon Jul 13, 2009 4:22 am

good trading es.

we had the same idea with the first trade; you got in at a much better price though :wink:

same short target too (EJ). I entered another position at 128.90 with a "super sized" position for 10pips.

thats me for today.

Image

just a question; is Broco Trader you're broker or are you just using their charting?

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Mon Jul 13, 2009 4:33 am

i trade thru mb and a couple others

its just easier to draw on broco bec on my other charts it has s/r lines all over them and it wouldn't be clear on what i was trying to show


short ej again on 30 min


Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Mon Jul 13, 2009 4:42 am

out at .83 kind of a double bottom on 30 min and looks like a stop run on 5 min


EDIT______________________________

and---------------- right to the target

i "over thought" myself right out of that one :?

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Mon Jul 13, 2009 3:47 pm

couple from today

Image

Image

was in this one and didnt like the way that 1hr bar formed got out for +5 and then got back in on the break at 1.6135

Image

User avatar
razorboy
rank: 500+ posts
rank: 500+ posts
Posts: 627
Joined: Tue Oct 21, 2008 2:06 am
Reputation: 0
Location: Toronto
Gender: None specified
Contact:

Housing Bubble...............

Postby razorboy » Mon Jul 13, 2009 10:42 pm

From Zerohedge.....

Nick Gogerty of Designing Better Futures has come up with another of his highly entertaining and educational videos, this time focusing on a longitudinal comparison of housing prices by geographic area compared to household income. Aside from the obvious inflation in prices during the bubble years, the video should make those in the administration think if another credit bubble is just what this economy needs. The only long-term solution for our economic crisis is not to repeat (continuously) the mistakes of the past, but to focus on improving per capita incomes by whatever micro or macro means available.

Until that occurs, every ensuing "rebound" will be simply yet another asset bubble, each with an increasingly shorter duration, until the mechanisms to reflate the bubble expire. However, if the bubble approach to economics is overturned there will be huge losses for Wall Street and a large percentage of the already decimated banker community will end up collecting unemployment benefits. And neither Larry Summers nor Obama's other closet advisors want that outcome. So you might as well prepare to see a sequel of this chart in 5 years, when the HHI is the same, but the house price amplitude is a multiple of the one exhibited here.


http://www.youtube.com/watch?v=nSH9KEF8 ... r_embedded
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

pierre23
rank: 150+ posts
rank: 150+ posts
Posts: 313
Joined: Thu Oct 09, 2008 3:17 am
Reputation: 0
Gender: Male

Postby pierre23 » Tue Jul 14, 2009 1:45 am

First white line is initial short trade with 'testing' lots -- closed for -20pips

Next two shorts full positions.

Green target. That's me for the day.

Image

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Tue Jul 14, 2009 2:20 am

Good trade, pierre23. Pick the top of the correction spot on!!

I notice that when there's a high volume down bar in an uptrend it usually signal a change to downtrend. The weak up bars during the correction help entry.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”