The idea's we trade by, so we never lose again. p2. The students become the masters

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v8power
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 6:29 am

prochargedmopar wrote:
v8power wrote:Here is a cool pair and setup to watch over the next few months. Im sure everyone sees the big momo 2 bars back and assumes price Is going up. Im looking for it to go down. Im looking for price movement to go down to the aqua line then it will either close under and continue down or it will bounce and retrace up to the purple and even the top aqua line. If it closes over then I will look for longs. But if it closes under then we are targeting the bottom 2 lines. I will update this weekly.

But here is the trade for this past week.


EG pays good on pip movement but takes lots of margin if I remember correctly.

IMG_20160618_012145.jpg


Exactly how I mark my charts. Your thick orange lines mark textbook zlines so I skip those for the most part.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 7:18 am

I go back and forth on cc's and just like how the zz shows extremes. So look for momo on cc then look for the zz to show a #, then trade in direction of momo.
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v8power
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 7:28 am

"Goldman Sachs has issued a note to its clients warning them that the volatility across the foreign exchange markets is virtually warranted. Regardless of the result from the referendum, the British pound is likely to move sharply in either direction. The investment bank has estimated that the GBP could fall as much as 11 per cent in the case of a vote for Brexit. Goldman also foresees a drop in the value of the euro totaling 4 per cent and a rally in the Japanese yen totaling 14 per cent"

Now that is some movement. GJ should be going crazy!

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Jalarupa » Sat Jun 18, 2016 9:02 am

v8power wrote:"Goldman Sachs has issued a note to its clients warning them that the volatility across the foreign exchange markets is virtually warranted. Regardless of the result from the referendum, the British pound is likely to move sharply in either direction. The investment bank has estimated that the GBP could fall as much as 11 per cent in the case of a vote for Brexit. Goldman also foresees a drop in the value of the euro totaling 4 per cent and a rally in the Japanese yen totaling 14 per cent"

Now that is some movement. GJ should be going crazy!


I'm choosing not to partake... its become akin to gambling trading such large vol moves...

I'll wait for the dust to settle and trade in the direction of profit ;)
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

v8power
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 10:12 am

Jalarupa wrote:
v8power wrote:"Goldman Sachs has issued a note to its clients warning them that the volatility across the foreign exchange markets is virtually warranted. Regardless of the result from the referendum, the British pound is likely to move sharply in either direction. The investment bank has estimated that the GBP could fall as much as 11 per cent in the case of a vote for Brexit. Goldman also foresees a drop in the value of the euro totaling 4 per cent and a rally in the Japanese yen totaling 14 per cent"

Now that is some movement. GJ should be going crazy!


I'm choosing not to partake... its become akin to gambling trading such large vol moves...

I'll wait for the dust to settle and trade in the direction of profit ;)


My thoughts exactly. Being so new to trading im just excited to see what happens.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 10:35 am

To Do List for July
1. Read blind mice thread 2 more times.
2. Finish testing BM idea's
3. Work on sclaping idea's
4. Work on stats

To Do List for August
1. Re read lukx and bettlebox's thread
2. Continue work on stats
3. Start working on price patterns at area's of interest
4. Angles (August)
5. XY pattern (TBD)
6. Finish sclaping idea
7. Grade trade set-ups

v8power
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 10:56 am

Its the small post, with a little idea, that can have a big impact on your trades.

"When a candle (as a unit) closes below a line, that you believe to be support, then it is best to assume that you are wrong.

If a candle closes below a line that you believe to be resistance then assume you are right until you are proven incorrect."

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 11:12 am

es/pip wrote:a couple swing trades


posted some scalps in aliassmith's thread

Image

Image

Image


At a quick glance you might think those are my charts. But nope. There espips from 2010. Same basic idea, applied the same basic way. :mrgreen:

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 11:28 am

32ztmj7.gif
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Anybody ever use xy patterns in their trading?

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Sat Jun 18, 2016 11:33 am

MightyOne wrote:Do you remember this picture?

I said that I expected X momo for the next 2 weeks and then for momentum to continue short on the EU.

I drew lines with arrows and said that I would be trading off the weekly high extremes.

Image


500 pips later:


Image


Let us see if the XY pattern holds...


Pretty sweet to me. Anybody care to comment?

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