30 Pips A day Keeps the your money at bay

[dpquad]

Welcome back Luis!

Will be looking forward to postings from u n the rest of the guys in the coming trades!

[cugir321]

I'm a newby so not sure what you mean by "D". The second shoulder of the head and shoulders pattern? I've been playing the previous pattern, behind it, all week. It was a triple bottom that went to a throwback.

What are the implications of fast? My plan was to short the pair at an entry of 95.0 and to exit at 94.250. Do you think if it collaspes it will get by the support of 94.42 in the short term, falling towards s1 of 93.80? Would you exit at 94.43 or go for lower?

Would you wait for the second shoulder to peak then set the short entry at 95.0?

Originally Posted by wrtm_19

Hi you all! Here's a pattern which we can start our week with. What do you think! Do you think it's going too fast to its D?

[lavaman]

Originally Posted by TMoneyBags

Hello Guys, I have been away on vacation for the past month spending time with my family and preparing my self mentally for the coming months.

As a result, I have opened a 50k Account the money that is left from the previous account will be ran as an auto-mated acc. I was not discouraged by the turn of events which occurred in may. Even though we did go back to 10k, we where still over 100% return of the starting balance in April. Because of this, I am encouraged by the results and will be beginning my project....

To clarify after an overview of my trading throughout July, I will be depositing an addition 50k to the new account if our results stay consistent and positive. This in the end will lead towards my ultimate goal in turning it into an even greater account and depositing the "true" funds which ### i can not share with you at the moment.

All in all thank you for keeping this thread alive, and congratulations to all of you who have been able to learn from this system and become better traders... if not more aware of the market actions .

Trading Begins 6/29 London Open

Best Regards,
-Luis

Hey Luis,

Do you really think it's a good idea to open a 50K account only a little over one month after you allowed yourself to lose more than half your account in one trade? Obviously you're still vulnerable to emotions, maybe you should trade what's in your account and see if you can go 6 months or a year without letting your emotions get the best of you before depositing a large amount of money.

If you're anything like me (which perhaps you're nothing like me, who knows ) it could be those same emotions are subconsciously saying "Dude, drop 50K in that account, you can make the 14K you lost last month back in no time if you increase your account size!".

I don't know, just my two cents. If you got the skillz, take it easy and hone them, you don't need to be a millionaire by the end of the year.

[Monster Trader]

Originally Posted by PerchTird

Ok, I am trying to duplicate a couple of charts here that I see, and I don't understand yet. Will someone point out what or where I am missing. thanks


The D if I heard the video correctly is/can be found at 50% fib of the XA leg.

So the attached, is a duplicate of sweetpips, a couple of pages back. seems to not follow what I had thought.

Question - the D point is not at 50% of XA - blew through that ??

1 - Which video? And where Can I get it?


2 - I don't think it matters as long as it doesn't pass x, if it does then you have a Butterfly

[Monster Trader]

I'm looking @ a potential Gartley/ Butterfly on the Euro 4hr.

I'm new to trading these patterns and have a full time job, so am only looking to take them on 4 Hr charts (fewer trades/pair, but over more pairs), with the odd one on the 1 Hr - if I catch it!

Let me know what you guys think!

I'm currently reading 'Trade what you see', however have been slacking so will need to re read it to refresh what I've learned.

However I'll be looking to take profit at the 38% feb level between the CD swing and letting the rest ride to 50%.

Input from EXPERIENCED traders is encouraged!!!!!

Edit: Don't mind the Moving Averages, I'm cleaning my charts up to work w/ the Rob booker Style of Trading (which I've so far had 50/50 results with)

Also, in retrospect I realized I may have placed the X to close to the ABCD, so maybe it would be best to place it at the extreme bottom left of the second pic.

Thanks Again

[TMoneyBags]

Originally Posted by lavaman

Hey Luis,

Do you really think it's a good idea to open a 50K account only a little over one month after you allowed yourself to lose more than half your account in one trade? Obviously you're still vulnerable to emotions, maybe you should trade what's in your account and see if you can go 6 months or a year without letting your emotions get the best of you before depositing a large amount of money.

If you're anything like me (which perhaps you're nothing like me, who knows ) it could be those same emotions are subconsciously saying "Dude, drop 50K in that account, you can make the 14K you lost last month back in no time if you increase your account size!".

I don't know, just my two cents. If you got the skillz, take it easy and hone them, you don't need to be a millionaire by the end of the year.

lol I appreciate your concern... but no I'm more then confidant. As caution though I have only placed 50k of the original 100k I was going to put into trade. As for the loss in the previous account.. lol Remember I started April with 4.8k ended the month with 16.5k and went up to 24k in the first week of the next month... Ending the month of march at 10k after losing in 14k in one day on very stupid trades and not following my rules. As a result, from 4.8k to 10k still left over... that's still over 100% return I've held on to in 2 months... which I will never see by placing my money in any bank account. All in all, I look forward to you seeing the outcome of this account. I am confident and more then ready for this. By the way... did you not notice my leave of absence to remove all those emotions lol.. I know that a month's break was enough.

[lavaman]

Originally Posted by TMoneyBags

lol I appreciate your concern... but no I'm more then confidant. As caution though I have only placed 50k of the original 100k I was going to put into trade. As for the loss in the previous account.. lol Remember I started April with 4.8k ended the month with 16.5k and went up to 24k in the first week of the next month... Ending the month of march at 10k after losing in 14k in one day on very stupid trades and not following my rules. As a result, from 4.8k to 10k still left over... that's still over 100% return I've held on to in 2 months... which I will never see by placing my money in any bank account. All in all, I look forward to you seeing the outcome of this account. I am confident and more then ready for this. By the way... did you not notice my leave of absence to remove all those emotions lol.. I know that a month's break was enough.

Cool man, good luck!

[wrtm_19]

[wrtm_19]

Originally Posted by partofit

hie wrtm,im using dealbook too but my fibo doenst look like u.. i mean mine doenst stated its fib level such as .500 or .618.. it state the price line..

Hi Partofit!. It's really easy if you want percentages to be shown on your fibs. First right click on your fibs, select configure fib levels, select properties, and in properties there's an option named text labels, there you can chose either price or percentage.

Hope this helps.

RegardS!

[Monster Trader]

WRTM - Good Eye! I wouldn't have been able to spot that! hope it works out!