Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Evening Pennies-took a fast profit on my Usd/jpy short earlier-will get back in tho
also got a short on nzd/usd--boxwise
Evening gang. The Italy referendum is gonna make things really interesting tonight and tomorrow on the currency markets...sort of like a smaller version of Brexit.
I bailed out of my EU longs last week for a small profit well before the weekend. Still short UJ though. I think a "No" vote on the referendum could send UJ spiraling downward in a major way. If the Italians pull a rabbit out of the hat with "Yes" vote though, we still have the Fed coming up soon and that would result in a sell off too, so either way, short UJ should be a good bet until the 107 mark is hit to the downside.
yep it did Kirby
Long E/U think will keep climbing upward
Night tks for all your help
Ok Pennies why did you decide to use that starting point for the trendline-instead of the troughs lower
i thought it looked worth checking out-glad i shared it-knew as i said before you always add a little twist to things
Gotta run gang...everybody have a good one.
ALWAYS lol you always were
is the word CONFLUENCE-nice meld
Definitely the best spot to take a shot at it. I'm in early (of course), just like always...LOL!
i have been itching to short that turkey
Yep, larger trend is still very much down Jav. And the TDI wave count suggests the same thing. That's how I based this UJ short trade on charts I posted several days ago. This method you found just goes to substantiate what I already saw using a totally different method.
Here's a UJ hourly chart showing the longer term trend line break. This particular retest resulted in a slightly higher high but notice where the target is if we look for a full range of movement inside the 2nd box...just above the 106 level which would easily give us our 107 lowside target on the shorts.
Basically, the chart is saying this is the ideal spot to short UJ and hold it for a 107 target. It also aligns nicely with that larger weekly chart at the same key level. So we have the weekly, daily, and hourly chart all showing UJ shorts are the way to play.
UJ Hourly...
now on the uj daily you think we're just going to retest that original trendline-all in all trend still DOWN ?
that's interesting knew you dissect even further lol can't help yourself--also got my chart looking like yours need to make me a start up template that goes out farther
i'm trying to match your uj daily
I'm seeing more and more instances where taking profits at the 61.8 fib retrace of the 2nd box was very wise...many, many times price turned right there and headed right back the other direction.
already see my boxes are different than yours-case of not using all the chart once again lol
Tks i always have had the problem of not going out far enough on my chart-great explantion
Here's a bigger picture of that same NU 15 minute chart, Jav. You might want to zoom out and take a look at the larger picture first before going in really close.
Notice here how the retest of the broken trendline was the perfect place to go short on NU.
I noted on the chart here that the 61.8 fib inside the 2nd box is a really good place to take some or all of the trade off the table and wait to see what happens next.
NU 15 Minute chart...
yea alot like the old boxes-but different tks
The box should cover the entire trend line move from lowest point to highest point from where you begin and end the initial trend line that you're watching.
The method is very similar to the standard box method we've explored before here on the board. The difference is that the trader is using line charts and he's estimating box size based on the trendline size rather than a standard price action box...but the overall setup is still familiar.
so did i stop my box at the right place -it is the low and high of the move-say before it broke trendline it went higher -i guess i would change the box higher
No worries...as long as the shorter time frame is moving in the direction of the larger time frame, I would take it as a safe trade.
and yes Pennies that is a 15 min chart just for an example use lol
I would say right off hand that the best way to handle this type of setup Jav is to go to the weekly chart first to look for the larger patterns. The drop to the daily to fine tune the trend lines. After that, you can probably switch over to the 4 hour charts to trim it up a bit more but that's probably about as low on the time frames as you'd want to go.
ok i think you just answered my question trend is incharge
looks good in hind site-now on this chart now that it has completed it's projected target in the 2nd box--where would you look to put on another trendline-would you put on one on the bottom and one on the top-to see what direction it goes-or is there a main trend involved here
It's definitely interesting...I may look into it more to see how it aligns with my current method of trading. Could be another useful tool in the arsenal.
I was reading through his posts and he did mention that the lower time frames may not be as reliable since the larger trend is in charge.
yes i have been playing around with it too-some back testing-using mostly one hour charts at the moment
Interesting reading there Jav...makes sense, too. I used his method on the weekly and daily UJ charts...looks like his method and mine both agree that UJ is in for a nice move down soon. I'm only looking for 107 for the time being but the larger picture suggests a move all the way back down to the 82 area where the large uptrend move started.
Weekly UJ chart first and then daily chart showing more detail...
all been reading this guys post on using line charts-looks pretty good he explains with pics too
https://www.forex-tsd.com/forum/trading-systems/11004-using-only-line-charts-to-measure-moves
humm i'll have to try that-planted tomato plants one week to early-had to cover them this year and going to create a tent effect with pvc pipe and plastic just bend them from a bracket/holder on one side to a bracket holder on the other side-might be more like an igloo effect -will probably take 4 pipes on each side --i'll have to look into that hothouse idea tks
I agree with your brother. I drive by some extremely impressive raised beds.
Sorry to hear about the coons. I have trouble with them too. I made the mistake of using emulsified fish fertilizer on some of my garden, they dug up every one of the plants. grrrrr... Pepper and cinnamon? Thanks for the suggestion, I'll give that a whirl.
Bears???? Yikes! You can keep them. We have all the rest of them, no bears.
Good luck on your beds next year. Do you ever try covering them in the winter with a window or clear plastic? That's all my hot bed is, I've insulated the sides and read that using black bottles of water helps retain the heat.
sweet banana --sweet cow horn and cayenne peppers
i canned tomatoes for chili etc and made some out of this world salsa--quote from my brother--as he came down for somemore--he's going to build himself a raised bed this spring--by the way i heard adding oak leaves help acidify the dirt-great for my tomatoes--also last year-I learned the hard way how to keep racoons out of your garden-i had planted about twelve tomato plants had put some epsom salt in hole suppose to help them out-got up next morning all the plants were pulled up the coons wanted the salt-went on line found out if you spread black pepper and cinnamon on your garden and plants they won't touch them --replanted and they left them alone
i have alot of deer around too-but they didn't touch my garden--since the coon thing i have put a mineral/salt block out in the side of the yard--got pictures of deer coming to it--needless to say i live in the country-coyotes-wild turkeys-bob cats--and a neighbor saw a black bear about 100 yards from my house-haven't seen him myself but probably feed him feed everything else
Hey Jav, that soil looks sweet! You must have had a lot of peppers?
My father is 80 and lives in a housing unit that doesn't allow gardens. Two year's ago, I got him a 4x4 raised bed. Last year he added another 12x12 bed, and planted tomatoes in both. The ole boy canned 141 quarts out of that little patch. He just waited until Menards, Lowes, and the Home Depot put the Miracle grow garden soil on sale and bought the bags.
I filled them up the rest of the way with compost this fall, it took 3 truck loads. Can you imagine how many bags he had to put in? I asked him how many bags he put in there? He didn't know, "just picked them up when they were on sale", was his reply.
LOL on my last post hope i didn't blowup IHUB
D A i have two raised beds -4x8 -going to make another-first bed last year added everything even the kitchen sink lol-and filled it to the rim with oak leaves--the best tomatoes it produced--i just harvested two beds this year-tomatoes and peppers-next bed may dbl it for squash -beans etc
yep here's old javalin/Corey putting in my plants
ps i let the end post higher lol to give me something to help me get back up--awful to get old
I wrote my senator about it. Maybe if we all complained to our supposed representatives, we could change that?
Yeah I agree jav...the time change crap robs me of a big chunk of precious little daylight I had before..this adds to my available time problem..utterly ridiculous that they do that!..going into time change we ALREADY were losing daylight hours then these idiots rob us overnight of ONE MORE HOUR!!!IMO its not daylight SAVINGS time its daylight LOSING time!!Crazy
Thank you for stopping in this evening. Twins, eh? Wow!
How did the greenhouse turn out?
I finally got around to making a hot box this week. I probably waited too long. Just planted it a couple of days ago with lettuce, spinach, and carrots. The temps were warmer early in the week, but not over 40 the last two days. Never know till ya try, right?
I'm pumped about next spring. My soil here is clayish and I've been amending it every year. A couple of weeks ago, my buddy with 5 horses had a huge pile of compost that he wanted to get rid of. I now have about 3-4" of freshly composted horse manure covering the majority of my garden.
It's great to hear from you, Sir. You have had a positive influence on a lot of people. Glad to hear you are enjoying retirement.
Happy Holidays!
Followers
|
386
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
140146
|
Created
|
03/18/06
|
Type
|
Free
|
Moderator simplegreen | |||
Assistants javalin gitonwithit tickettoride pennies2007 |
This is not a get rich quick scheme but patience and hard work
How to make the FX into a fulltime living. Before you do this please learn how to play first. 25 pips per day can sometimes be a dog fight to get. This will require a principal of $500 to $1000 to start but you must know how to play first.
1. 10K units=$264 principal at 25 pips per day for a month=$500 per month. Do this for 2 months straight from say Jan-Feb
END OF 2 MONTHS PROFIT=$1000
2. 30K units=$794 principal at 25 pips per day for a month=$1500 per month. Do this for 2 months straight from March-April
END OF 2 MONTHS PROFIT=$3000+$1000=$4000 TOTAL PROFIT
3. 60K units=$1590 principal at 25 pips per day for a month=$3000 per month. Do this for 2 months from May-June
END OF MONTHS PROFIT=$6000+$4000=$10,000 TOTAL PROFIT
4. 80K units=$2120 principal at 25 pips per day for a month=$4000 per month. Do this for 2 months from July-Aug
END OF MONTHS PROFIT=$8000+$10,000=$18,000 TOTAL PROFIT
5. 100K units=$2650 principal at 25 pips per day for a month=$5000 per month. Do this for 2 months from Sept-Oct
END OF MONTHS PROFIT=$10,000+$18,000=$28,000 TOTAL PROFIT
6. 150K units=$3975 principal at 25 pips per day for a month=$7500 per month. Do this for next 2 months Nov-Dec
END OF MONTHS TOTAL PROFIT=$15,000+$28,000=$43,000 TOTAL PROFIT IN A YEAR AT 25 PIPS PER DAY
7. In Jan next year you can use 200K units for 10K per month to get $120K per year. From there you can even go higher if you want to. Slow and steady wins the race. 200K units is only $5300 principal.
FOREX TRADING The Major Currencies
This Section Is Devoted Exclusively To FOREX Related Info To Try To Better Equip You In The Exciting And Lucrative World Of FOREX
FOREX Correlations Table
http://fxtradeinfocenter.oanda.com/charts_data/fxcorrelations.shtml
Link to some excellent FOREX Webinars
http://transcripts.fxstreet.com/2007/12/longer-term-sup.html
Major Currency Index Charts
$USD=US Dollar chart http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152351
$XJY=Japanese Yen chart http://stockcharts.com/h-sc/ui?s=$XJY&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152396
$XBP=Pound chart http://stockcharts.com/h-sc/ui?s=$XBP&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152405
$CDW=Canadian Dollar chart http://stockcharts.com/h-sc/ui?s=$CDW&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152434
$XAD=Australian Dollar chart http://stockcharts.com/h-sc/ui?s=$XAD&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152468
$NZD=New Zealand Dollar chart http://stockcharts.com/h-sc/ui?s=$NZD&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152472
$XEU=Euro chart http://stockcharts.com/h-sc/ui?s=$XEU&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152476
$XSF=Swiss Franc chart http://stockcharts.com/h-sc/ui?s=$XSF&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152485
USD Index Intraday Chart - compliments of Idzi
quotes.ino.com/chart/
Gold Bullion Prices...
http://www.usagold.com/gold/price.html
An overview of the Forex market
The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.
The main enticements of currency dealing to private investors and attractions for short-term Forex trading are:
24-hour trading, 5 days a week with non-stop access to global Forex dealers.
An enormous liquid market making it easy to trade most currencies.
Volatile markets offering profit opportunities.
Standard instruments for controlling risk exposure.
The ability to profit in rising or falling markets.
Leveraged trading with low margin requirements.
Many options for zero commission trading.
Forex trading
The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.
When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.
However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.
4)strongtower
Here is a post to a detailed way I trade http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37074251
How to better read trends http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37247267
___________________________________________________
_____________________________**STI(2,5) Tehnical Indicator Details**
ATTENTION BOARD:SA and I have agreed to and have decided to formally introduce all here to a technical indicator that I designed and lately some may have been noticing on my charts...we call it "Simplegreen Technical Indicator" and will refer to it as simply STI(2/5) or STI(6/14).The 2 versions are necessary IMO since the 2/5 shows "anticipated" PPS rise/fall short term whereas the 6/14 though not fully tested should give "anticipated" PPS rise/fall longer term...continuation.I have been using this quietly in the background since I developed it and have had excellent results even in a crashing market.It works exceptionally well on daytrades as well using the 2/5 period version on a 2 day daychart and 10 minute setting.Bottom reversals to peaks are easy enough for a novice to trade by IMO and I have seen real success in using it.The beauty of this indicator is easily seen by chart examples as I will soon show.This thing shows a buy trigger BEFORE the PPS rises...not AFTER it rises as in conventional indicator analysis.I also will be building scans specifically to glean the best prospects using the STI(2/5) and STI(6/14).This post is the first to introduce you to it with others to follow.In my next post I will put up a chart with annotations for the purpose of demonstration.A careful study and full understanding of the indicator is imperative to weed the false signals from true anticipated run signals.
This is a set of instructions to use for the overlay setup.Do this for both the STI(2/5) and the STI(6,14).
Set up your chart just like mine with RSI(5) first and select green for color..then below it add RSI(2) ..select red for color...then on RSI(2) on "position" select "behind indicator".Its a piece of cake!I stumbled across this idea some time back in trying to find entry point before PPS rise not after.I'm not greedy...I just want the WHOLE RUN..not just part of it(LOL)....Sharp rises can have early reversal and failures but a smooth rounded rise to trigger is very effective for prediction and you will also find strongest runs follow a depth from below 30 RSIs.The deeper the cut below 30 brings more powerful moves up from bottoms.Also there is a secondary buy trigger as RSI(5) remains bullish and approaches 70..THAT is where some serious PPS moves are found!
Any questions..feel free to ask
Simplegreen
Here is a link to an explanation of the technical indicators used on charts ..if terms confuse you then simply use this link for a quick explanation of that particular indicator...I suggest that you add this to favorite links as well
http://www.prophet.net/analyze/popglossary.jsp
WWW.STOCKFETCHER.COM
Stockfetcher has absolutely no equal when it comes to scanning for your next big play and I use Fetcher exclusively for scanning..it is phenominal..TRY IT!!Strongly Suggested!!
_______________________________________________________________
Disclaimer:All information posted by me or others on this board is opinion and I will make no claims or guarantees as to the success you may have in utilizing my personal methodology.What works well for some is a losing proposition for others.I do not intend to "pump" any stock here but rather will try to at all times find new plays that are successful for me with the intent of having uptrending stocks giving consistant profits and letting others see what I am doing.Please at all times do your own DD and make your own decisions.....Simple
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Simple's Trading Methods Part1
Here is where we roll up sleeves and get to work!!This series will be quite long so monitor the board from time to time for all of this training series...
Assume first off that your account is very small and you have ..let's say $2500 cash just $500 more than needed for margin privileges(BTW I do not recommend actually using margin) Ok..you have no stock and $2500 cash so with this limitation 2 things are a MUST..EVERY BULLET MUST COUNT and PATIENCE is cultivated in your brain.At this point I will say that this is the way I treat my account even now...as if I only had that $2500 !!Burn this into your thinking and you will reduce your bad trades and losses dramatically.It is very rare that I take a loss of any significance and the percentage of bad trades I make is very low.Even Warren Buffet once said about 1 out of 8 calls turn out to be good calls and I certainly do a lot better than that but it is only because I have myself brainwashed into being "hungry" on every trade.The greed factor that Dspetry posted about is also cured by this type of thinking...If you are "hungry" you will take profits at a good profit point and not look back..you are just happy to add to that $2500 portfolio value that you started that trade with!This type of thinking IS IMPERATIVE to me and I WILL NEVER.. NOT be hungry in my trading again.When I first started years ago with $4000 I did quite well til I got up to around $11,000 I would start to backpeddle.After a few cycles of this I realized I was the problem because I was no longer "hungry" and would start getting sloppy,greedy and would make mistakes.I DO NOT, on the other hand trade to make money ,I trade to TRADE WELL! If I have made a good well planned trade in both the buying and the selling then the money is a byproduct of that trade.Read this area repeatedly and practice it religiously and it will serve you well...it has me.
________________________________________________________________
Part 2
Now I will talk about the greed factor a little more.When I determine an entry point for any stock that I intend to buy then next I must ask myself how large a position will I take.Lets say I want 50,000 shs of a stock trading at .08.Once I make that firm determination and feel it is a good entry point then I buy but only 25,000 shs which is 1/2 the shares I had decided on!Why do I do that?The reason is that if you think about it many of the problems that traders have is being too high on their entry whether thru getting caught up in a MOMO play near the high end or simply miscalculating the Market Makers intent and the MMs set the bid/ask not the traders...IOW traders may want to move it up and MMs want to open a spread and walk it down to serve their needs and you bought too high tho it seemed a good call.If you follow my method you can turn loss into profit due to the fact that you have less leverage if it goes up but you have only 1/2 the leverage against you if it goes down instead plus you have the liquity to at least break even and pull out or more often you can pick up enough shares as it bottoms too have leverage to profit on a trade that could have been a loss.Bear in mind one other fact...fewer shares mean less leverage for profit or loss but also the way I operate is usually in much more conservative position sizes so that I can move into a stock and out of a stock with relative ease!Watch how MMs like Goldman Sachs (GSCO)work...studying GSCO methods on Level II several years ago caused me to develop this style of trading that allows me to be somewhat invisible in the market but compound my profits easily without the dangers that come from trying to make a killing.If all were trading like this then it would seriously reduce the selling pressure on a perfectly good play.Huge positions tend to be counterproductive to my efforts if I am still in and momentum is gone.Trying to make a killing many times result in loss.I try to simply make a good trade that is profitable and money compounds quite easily._
**New Elliott Wave Trading Website**
Several of us who trade using EW theory have gotten together and created a website dedicated exclusively to wave theory trading. The website is still under construction but we post
our charts and our trade ideas with specifics including entries, exits, and TP levels. Just click on the Analysis tab to view trades past and present. Each chart is listed on the calendar
for each pair in play. To view details about the trade itself, click on the Trades tab at the top of the screen.
Vist us at http://www.ewtrader.com
Posts Today
|
0
|
Posts (Total)
|
140146
|
Posters
|
|
Moderator
|
|
Assistants
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |