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  #571 (permalink)  
Old 06-02-2008, 02:49 PM
Piphacker's Avatar
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Hi Guy's Today i was absent most of the day & didnt did any trade as i was very busy anyhow seems i did miss some great move today specially by going short on Usd/Jpy , Euro/Chf , Cad/Jpy , Nzd/Jpy & Gbd/Chf
All pair's seems to me now from my charts in a right place to go short without any problem
Well Now enter tomorrow. Let's see.
PipHacker!!!
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  #572 (permalink)  
Old 06-02-2008, 02:53 PM
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Quote:
Originally Posted by keitsuke View Post
G/J nosed dived 200+ pips...
did anyone catch the move? I missed it...
Hi Keitsuke
Seems G/J Started to showd some great bearish movement right after this Gbd fundamental ''GBP Manufacturing PMI '' & Hope so it will show more bearish movement tomorrow. I,ll try to find short entry apportunity from lower timeframes let's see.
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  #573 (permalink)  
Old 06-02-2008, 03:06 PM
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Only trade i got was E/J, went short and got out @ 24 pips.
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  #574 (permalink)  
Old 06-02-2008, 03:15 PM
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Thumbs up Usd/Chf!!!

See the screenshot of Usd/Chf. See that how i places my S/R Lines in lower time frames.
PipHacker!!!
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File Type: jpg usdchfmmmm.jpg (41.6 KB, 22 views)
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  #575 (permalink)  
Old 06-02-2008, 03:17 PM
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Quote:
Originally Posted by greywolf238 View Post
Only trade i got was E/J, went short and got out @ 24 pips.
Yepp
Seems it was a great day for lot of short trades.
Cong. For your this +24 Pip's
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  #576 (permalink)  
Old 06-02-2008, 04:29 PM
 

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Hey Piphacker !

I have a little question concerning the previous example :

Are your trend lines, the case you have just exposed with the U/C attachements, fibona retracements from a former movement?

Or did you draw them freely where tops and bottoms form on a certain time period ?

Of the bat ,

I have managed to catch 26 Pips ( Long ) on the Euro/Us using trendlines in 30 min time frame i'm very happy at how simple an efficient they are to use ! My trendline were drawn freely. I wanted to let it ride more but I cut it off at a former S/R Level @ 1.5556 thinking it would not lift higher, it did a little bit, but i'm happy with the results

These pips are a direct Thank You to you Piphacker
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  #577 (permalink)  
Old 06-03-2008, 04:22 AM
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Quote:
Originally Posted by samtao View Post
Hey Piphacker !

I have a little question concerning the previous example :

Are your trend lines, the case you have just exposed with the U/C attachements, fibona retracements from a former movement?

Or did you draw them freely where tops and bottoms form on a certain time period ?

Of the bat ,

I have managed to catch 26 Pips ( Long ) on the Euro/Us using trendlines in 30 min time frame i'm very happy at how simple an efficient they are to use ! My trendline were drawn freely. I wanted to let it ride more but I cut it off at a former S/R Level @ 1.5556 thinking it would not lift higher, it did a little bit, but i'm happy with the results

These pips are a direct Thank You to you Piphacker

Well In my last screen shot i have posted the example of Usd/Chf by Support & Resistance lines not the trendlines. I draw resistance lines on the top's in which market make its high and than retraces back for some good strong bearish move & vice-versa for Support lines. & in lower time frames like 30-Minutes or Hourly My entry after the break of any S/R Lines is same as i do enters after the break of trendlines in lowertime frames. Means not in a same candle, in a next candle and i have posted the detail also that how? I dont use fib's to draw any Trendline or S/R Line. I freely draw all these lines by my hand & on those highs and lows where market makes it highs and lows and retraces back for some strong bearish or bullish move respectively. I,ll let you know again that how i enter for long or short after the break of any valid trendlines in lower time frames like hourly or 30-minutes.

Long!!!
I enters for long if the candle breaks the upperline of my plotted trendline or Resistance line and at the end the candle which manage to break the line formed a bullish shape and managed to remain up the line with Stoch in a right place means crossed and heading Up. Target more than +30 Pip's if Stoch Crossed each from oversold/Overbought region . Target +30 Pip's of Stoch crossed each from 50-Level & Vice-versa for Short entry process.

This is a very profitable system but only work almost 100% when you have drawn valid trendlines by hand not from any indicator. & about higher timeframes like 4-hour or daily i enter as soon as the trendlines or any S/R Line breaks in a same candle.
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  #578 (permalink)  
Old 06-03-2008, 04:25 AM
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Hi guy's just came back again Well now i was busy these days again maybe i do less trades this week. Well let's see if i manage to enter in any pair
PipHacker!!!
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  #579 (permalink)  
Old 06-03-2008, 04:41 AM
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Quote:
Originally Posted by samtao View Post
Hey Piphacker !

I have a little question concerning the previous example :

Are your trend lines, the case you have just exposed with the U/C attachements, fibona retracements from a former movement?

Or did you draw them freely where tops and bottoms form on a certain time period ?

Of the bat ,

I have managed to catch 26 Pips ( Long ) on the Euro/Us using trendlines in 30 min time frame i'm very happy at how simple an efficient they are to use ! My trendline were drawn freely. I wanted to let it ride more but I cut it off at a former S/R Level @ 1.5556 thinking it would not lift higher, it did a little bit, but i'm happy with the results

These pips are a direct Thank You to you Piphacker
See this screenshot of perfect entry after the perfect breakdown. see screenshot detail is in it...
PipHacker!!!
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File Type: gif usdchfmmmm2.gif (14.7 KB, 18 views)
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  #580 (permalink)  
Old 06-03-2008, 05:20 AM
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Hi Piphacker,
Just a question on the pairs you are monitoring...I know you say it works on any pair but how many are you watching and drawing trendlines on? Gets to be a lot of work drawing all those trendlines and then flipping back and forth to catch the breakouts of them so it would probably be better to work with just a few?
Thanks
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