Technical Templates

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Re: Technical Templates

Postby jcpfx » Tue Oct 15, 2013 1:28 pm

Jack,

forgive me, I misunderstood the london close entry. But I see a clear difference in thought process here...I was still in the trade from earlier on, thinking "it's still not moving in the desired direction, so i'll leave it and see what it does". You, on the other hand, might have been thinking "there's another opportunity to swing at this thing since it still hasn't violated key areas...". Also, I bailed at 1.6828 thinking "there's the RBA due...better to take my risk off the table" whereas you were keen on staying in.

Regarding sub-hourly pullbacks in the direction of the trend...i've tried to cut back. I'm trying to weed out my bad old daytrading habits and i'm doing this by enterin sub-hourly pullbacks only upon key levels/areas that look evident (to me at least). I have pulled up a chart on UsdJpy to illustrate the key areas I had up on my chart recently. To me, it still feels akward to get into a sub-hourly hook if there's no key level to play off of.

Today there was a play on UsdJpy off the current day's low that set up from 3 to 4 pm CET...but I saw how yesterday's high/current day's high had been well rejected and thought that there wasn't much upside to that bet. We are also very close to a swing high in the 98.70s and I thought that it would have been "pushing the letter" :mrgreen:

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As always, I love to hear your thoughts on all this.

Cheers!
..Be the miracle...
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Re: 4 years, just shy of a million hits & strong as ever!!!

Postby zilly » Wed Oct 16, 2013 3:24 am

hawkmoon wrote:I like that pullback hook on eur/nzd seeking to push down through the large hourly support floor towards the September lows.
that euro/kiwi pair is one of a couple of crosses representing the highest daily ranges too at the moment, so plenty of juice to fuel any breakout moves if it attracts participation.

and attract participation it did!
go with the flow until the tap runs dry!

next likely destination zone for this pair is a couple hundred pips further down.

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Re: Technical Templates

Postby jcpfx » Wed Oct 16, 2013 4:44 am

Attempting to leg back into UsdJpy on a sub-hourly setup here. Tight stop for the same reasons presented yesterday: these 98.70s have been rejected a lot in the past couple of days.

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Curtain Call

Postby Joe Whitehorse » Wed Oct 16, 2013 2:23 pm

Hey guys,
As was remarked earlier this week the thread hit a 4 year birthday.
From initial inception it's evolved into quite a disciplined, hardy approach attracting some very astute, sharp participants who have patiently honed the material to suit their own specific styles, agenda's & circumstances.

Jim, jjay & I have received & monitored some very impressive broker statement records over the duration of the thread, evidencing folks understanding & application of the material resulting in 4 of the regulars advancing onto bigger & better things directly associated with the institutional side of the business.

As many of you will be aware, whipcrack & spotfx have spent nearly 18 months in the London offices of Andre/Tess/Sean et al gaining exposure & experience working in a very busy, active, pacey trading operation.
The result being spotfx obtaining a permanent full-time contract to continue working with them (mirroring the achievements of a couple guys from another forum who were associated with them) & whipcrack securing a lucrative funding deal, trading alongside a group of very successful market professionals based in Dubai.

2 others have progressed to the stage where they have also secured funding arrangements with high net worth investors/speculators via third party industry introductions, 1 specializing in foreign exchange & fixed interest products, the other trading a varied asset basket including equities, bonds, stock & currency options, futures & commodities.

We have witnessed documented proof of some other extremely impressive brokerage & account balances, prompting us to set up & arrange improved dealing rates/fills, commissions & quality back office/support services for them with top end industry broking houses.

To that end I wish to inform you that the experienced guys (& some of the long term regulars) including me, are stepping back & bowing out from forum participation.
Carll pulled back several months ago, I'm becoming busier with the firm I'm contracted to & the others have taken on more responsibilities resulting in a heavier schedule & a serious drain on their time.

To be honest, the thread has kind of run it's course & achieved what it set out to.
There's really only so many live & reviewed examples that one can contribute & share.
Virtually all of you are comfortably established in your individual styles, risk profiles & objectives evidenced by your continued quality submissions, posts & statement proofs.

Each of you have structured a quality, disciplined framework & bolted on set ups/triggers that will enable you to work these markets as you so wish based on your preferred market volatility & condition criteria for as long as there are markets to trade.

It's been a great pleasure & honor to share time with some very smart, respectful & honest individuals & we wish you all the continued success you so clearly deserve.
My very best wishes,
Joe.
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Re: Curtain Call

Postby jcpfx » Wed Oct 16, 2013 4:21 pm

Allow me to be the first to thank you, Joe, and all the others for the time, inputs & support demonstrated over and over again.

Frankly I have no idea where I'd be right now if it hadn't been for you guys.

There's really not much to add, so I wish you all the best in your future endeavours.
..Be the miracle...
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Re: Curtain Call

Postby xerb » Thu Oct 17, 2013 10:16 am

I used to participate & contribute to a Paltalk room a few years back & got friendly with a couple guys in there.
I lost track of them after a while until middle of last year when one of them made contact enquiring what I was up to. He was struggling & had lost his direction somewhat so I pointed him to this place.
After he'd perused the content he contacted me & admitted how much the disciplined structure presented here had highlighted to him just how easily he'd allowed himself to lose his focus & control by fiddling around with his set ups, becoming distracted with all sorts of irrelevant periphery nonsense.

It encouraged him to strip everything back to basics & start over by remaining focused & disciplined to that which had proven to work before he began fiddling & messing around.

It wasn't particularly the specific content of this thread that got him back on track, just the manner in which we all prepared, worked & executed our plans maintaining a logical, uncluttered & repetitive routine. He doesn't look in as much as he did last year, but as he informs me regularly, he doesn't need to. He does remark however how much potential lost time, effort & money it's saved him!

That kind of endorsement is the best review you can get in my book & says it all about the consistent quality of the content presented here.
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Re: Technical Templates

Postby Hermes-x-3 » Thu Oct 31, 2013 10:08 pm

Joe,

Words will never be able to express my sincere gratitude to you and all other seasoned and experienced traders that have help me to find my footing, and success. Be well be safe and warm regards, thank you.

Hermes.
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EURUSD 1H

Postby bigdog » Wed Nov 13, 2013 5:34 am

Thought I might throw up a chart or two.......its been a while..... :D

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My trading uses the daily for direction and the 1H for entry.

The green lines mark the previous days trading session.

I am looking to short around 1.3420. Plenty of room left in terms of ADR.
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EURUSD 1H

Postby bigdog » Thu Nov 14, 2013 2:04 am

I am a day trader, mug and run type person. Took profit on 3/4 position around 3400 yesterday. Got stopped out on balance.

Looking to short today. Daily still tells me the short side is best. 1H Momentum looks bullish though. See how we go.

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Re: EURUSD 1H

Postby Gator » Thu Nov 14, 2013 11:28 am

bigdog wrote:I am a day trader, mug and run type person. Took profit on 3/4 position around 3400 yesterday. Got stopped out on balance.

Looking to short today. Daily still tells me the short side is best. 1H Momentum looks bullish though. See how we go.

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Good call on the short today but didn't you suffer some drawdown yesterday before closing out some profit?
Gator! bravely cruising the troll and sock puppet infested waters since 1980.
I recommend not losing, as a strategy.
Laissez les bon pips rouler!
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