David Jefferson aka: Rave55 (Technical Analysis Trading Method)

pipcompounder · July 26, 2012, 4:08pm

Thanks for telling us\me this…it is actually very encouraging, that trading with that small of profits relative to your liquid accounts’s size, even with some losses, still adds up…$20000 X 52 weeks = you know what…

Taxes are better here in Texas…just sayin’
your teaching us here is much more beneficial than “giving more taxes” thanks again!

fiber · July 26, 2012, 4:09pm

That’s cool, thanks and enjoy your grub!

David_Jefferson · July 26, 2012, 4:37pm

I have no idea what the tax laws in Texas are.

Most of my money is in the Isle of Wight, south coast of England. Which is lovely for paying LESS tax.

pipcompounder · July 26, 2012, 4:41pm

REAL quick, and this is the last I’ll say, since it’s not really on thread topic…
Texas has no income tax, reasonable property tax, and very low state sales tax (less than 1%), other than that, it’s just the Feds, which you may be familiar with, if you traded in NYC.

David_Jefferson · July 26, 2012, 4:48pm

fiber:

Hi all, Dave (great thread).

I am going to post a chart below and would ask for comments , good or bad, as it’s a learning curve!

I’ve attempted my first BBZ (The little virgin that I am :53:)

What I’m looking at is a fib high to low and then using the converging MA’s (100,200) along with a HTF support at 1.2163 ish. I was thinking about to the base of the 100 SMA but then zone may have been too big?? Is my zones too big even with leaving this 100 SMA out??

I want to look at a pull back to this zone before deciding whether to join the bias or look for a bias change?

I’m aware this zone will need to be moved in the morning to reflect the overnight PA but if it was say 13:00 GMT and this was the current price chart available would the zones be what you guys would be looking at?

Ignore my post number, I’ve read from the start and I’m going through the PDF again now, but want some feedback good/bad to see if I’m getting this!?

Hope that’s OK and I look forward to trading with you all! (Making Pips!!)

Dave - Thanks again!

Hi,

I’m trying REAL hard to workout your charts… prices are really small.

But I think you have the zone a little low. Your not far off, and the rest of your analysis is great… its simple and straightforward… that’s a good thing, as only retailers make things complicated and then screw things up!

David_Jefferson · July 26, 2012, 4:51pm

[B]And the Death Penalty!

So don’t be a bad boy!
[/B]

:42: :54:

David_Jefferson · July 26, 2012, 5:00pm

Okay…

Hers the deal…

GBP/USD to hit 1.5550 and EUR/USD to hit 1.2150 Friday before market close.

If not I will run a free live online trade room for 3 days if Babypips agree to it, all at my cost.

Only if Babypips agree to that! They can have their logo and sponsor… on the room… whatever… this is subject to their approval and agreement.

The live room will let you see and hear my analysis and charts in real-time for 3 days.

Friendly bet if I lose.

If I win the bet… then I get to take 3 days off from posting and answering questions here on the thread!

alcasio2002 · July 26, 2012, 5:10pm

i have some shorts on these 2, based on the percentage of proven speeches so i hope you’re right and wrong… right for the pairs to go down, but not to those levels, so i can win twice :-"

traderjosh · July 26, 2012, 5:11pm

It’s a deal. If you win you get the next 3 Sundays off. Lol

David_Jefferson · July 26, 2012, 5:13pm

Now thats just plain greedy!

But I kind of dig that! :35:

PREDITER · July 26, 2012, 5:16pm

I can hear all the shorts clicking in now! lol

Sure he must know something,

David_Jefferson · July 26, 2012, 5:40pm

Someone from the forum just sent me these latest binary option prices for the EUR/USD, GBP/USD. I have highlighted the main parts.

So that just shows you the very good prices out there and the fixed risk attached.

EUR/USD: 10.7 fixed risk, settles at 0 if expires. Potential gain settles at 100 if level hit. Almost 1:10 risk/reward. Can’t be stopped out unless expires.

GBP/USD: 12.9 fixed risk, settles at 0 if expires. Potential gain settles at 100 is level hit. Almost 1:8 risk/reward. Can’t be stopped out unless expires.

Some good prices going around.

Of course, these carry the risk of being losing bets… but at least the risk is fixed and minimum.

David_Jefferson · July 26, 2012, 5:51pm

To the person who emailed me and called me an English Bast! I’m actually Scottish thanks very much… born and bread in Glasgow!

But maybe thats worse? lol.

Paulw1 · July 26, 2012, 5:57pm

Rangers or celtic fan? or neither

Not really relevant to the thread i know.

David_Jefferson · July 26, 2012, 5:59pm

Rangers “Newco”

daydreamer65 · July 26, 2012, 6:21pm

Isn’t that a worse insult. :21:

Also to be spoken to on twitter you need to follow someone. :54:

ie just follow the people who have followed you.

pipcompounder · July 26, 2012, 6:22pm

I personally think the daily 1.2287 resistance may help in your quest on the Euro…could you just take off saturday and sunday?..puleeeees?

fiber · July 26, 2012, 6:28pm

Hi Dave, thanks for reviewing the chart. I appreciate it! Glad also to hear I wasn’t far out (not bad for a first time chart jockey, ha ha)

I’ll continue with the PDF tomorrow and try some demo trades and see how I go. Thanks again for all the support and assitance with the educational material.

PS: I’ll work posting better charts too.

PREDITER · July 26, 2012, 6:41pm

DJ

How often do you trade binary options?

Would you recommend this style of trading?

What are the negatives/positives towards the normal way us retail traders trade?

Thanks

slipp3ryWhippit · July 26, 2012, 6:49pm

F me, go out for one night on the beer and come back to 1 million posts! Scottish rule, I hale from Glasgow.