hehe C you do not miss anything…Like I said learning never stops. Skulds sent me and interesting EMA/Support Res trader…she incorporates a 34 EMA Wave. So I am running it on my charts whith my regular stuff as i am watching it! just to see if it can be incorporated if i can find some benefits…so far found none…eyes open ears up
The key is to determine where the real SQ will take place…that can be determined in a live chart and confluaence of sq and daily support will validate or none validate…barriers fences,
Imagine the 200 line is the deviding line between two opposing armies. The Daily Supports and resistance is the obstacles and challenges dependent on what side of the fence you are on.
The 20 is your composs so you do no get lost in the battlefield.
When price moves away from the 200 your simply retreating…When price moves towards the 200 your platoon is advancing…
Your Demarker will tell you if your platoon has the required amonition to continue to press the advance.
Your advanced troops are overstreched, Demarker tells you so, but you know your guys they can press forward the advance another 20 Feet (Pips) However you know that to be the case if it was not for another Daily Resitance 10 (pips) feet in front. You dont want your platoon to be repeled by it, your making good ground.
So you call of the attack and take profit…You save your platoon and prepare to reposition them effectively later on in the battlefied. And if your italian you just switch sides…no harm meant
finding targets to take profit - thumbs length…ruler
first impulse means first red flag news of the day…result the first swing. if first news does not impact price then rule one still in play.
yes only works on friday and thursday, the big money does not want to wipe out there profits for the week on news by bettiing against the broker over the road so they just pile in on the green light. Wednesday and thursdays nights is a chance to wind down, drinks in the evening informal chats, on CW…bit of TW goes a long way
Thank you thank you. that war explanation helps put it into perspective.
What news do you watch out for apart from NFP?
Chit chat: George Osbourne, Bernake, Merkal, Christine Lagarde,
WATCHING - GOLD, OIL PRIME, G BONDS 10Y AND 30Y,
GROUPS: BOJ,ECB,FED,G7 AND OPEC
corp reports: fedEx, UPS, Unilever, Barclays, GM, AA, TOYOTA
Paper: [B]IR.[/B]…PMI,CPI,CA,MP,EC,TB,UC,RS,AF,FCR,NFP,MO
COST OF SUPPLY…CURRENT RANGLE WITH IRAN…
hey dennis i just want to finalize the concrete set of rules for the Squeeze Technique
(before i can finally put this on a squeeze section of the ebook)
ok imma put some examples please help me correct them dennis 
ok amm my first example would be
do we enter the “sell” squeeze
if it mets this conditions ?
- the price is Near 40 pips
- Price closed Below 20 sma
- the candle breaks the low of the previous candle
(on the picture above its the green candle , it broke the low of it)
ok 2nd example
do we enter the “BUY” squeeze
if it mets this conditions ?
- 20 SMA pointing sidewards
-
the whole body of the Candle is above 20 SMA - the current candle breaks the high of the previous candle
3rd example
do we enter the “BUY” squeeze
if it mets this conditions ?
- We wait for 20 sma to Point at 200 sma
- Near 40 pips
- whole body of the candle is above 20 SMA
- candle breaks the high of the previous candle
please correct the examples i put
i know there are mistakes please dennis , very very much appreciated
oh i missed you man, welcome back , I WILL GIVE answers later very hungry again…
take your time dennis
im hungry for some hamburgers also @_@
Whoa! ok that’s alot hehe
im gana have to research what all those things are and hope they are all on babypips economy calendar! hehe so it’s just not NFP and interest rates hmmmm ok alot aye. But would you say that news trading the NFP is your most reliable news trading event? Is NFP like your main news trade?
duno what to eat ! my G never left anythingfor me prepared in the fridge, so I am going out hunting for food, maybe thai green curry , something like that, fast and nasty…
your example did not load…cant open
no, as all news is not reliable in anyway if its right or wrong, positive or negative the market does not care…i never see the result on news announcments , that would defeat the purpose of trading news. The news on news trading is not the news its the time it is released that is the news…i have no idea what any of the news release on friday printed. honestly i duno if any were on forecast or not. I dont care, the news is the time to make money…that has no bearing on what the news release was. unless your a long term trader then it makes a difference. However long term traders do not enter on the news release, this is a day trader get rich in a niff scheme.
Only news in which i care on fundamentals are on braking news: bomb, typhoon. revolution, Corporate results on borameter Companies…Oil Gas Gold prices, Bonds…
FUNNY I KNOW DO NOT UNDER ESTIMATE ITS IMPORTANCE
GOOD READS:
Forex trading is profitable only when traders have no emotions. Getting rid of emotions should be one of your first skills to master before you enter the Forex market with real money.
-
Stick to your strategy no matter how market conditions change. If your strategy has been making money no reason to change it. Imagine that you are a ROBOT that sticks to the same strategy.
-
Analyze the market then place or orders and do not change them even if you spot an other opportunity.
-
If there are unexpected news then this is the only exception and you need to take action based on such news. If the news go against your trades, close the trades.
Robots are more effective than humans at trading because they have no emotions and they stick to the original plan no matter what happens. WE ARE ROBOTS WHEN WE TRADE - FIRST LAW. I ROBOT :61:
Humans on the other hands make too many mistakes that sometimes cost them all the work done so far and also the entire deposited capital.
[U][/U][B]The 3 Laws: We are Robots when we trade, we are humans when we are not trading (I-Robot)[/B]:61::45:
First Law: Robots, They must never harm a human beings Equity or through inaction, allow any harm to come to a human.
Second Law: Robots, They must obey the trading system given to them by human beings, except where such orders violate the First Law.
Third Law: They must protect their own existence unless this violates the First or Second Laws.
[U][/U][B]Trading Rules Jesse Livermore[/B]
Buy rising stocks and sell falling stocks.
Do not trade every day of every year. Trade only when the market is clearly bullish or bearish. Trade in the direction of the general market. If it’s rising you should be long, if it’s falling you should be short.
Co-ordinate your trading activity with pivot points.
Only enter a trade after the action of the market confirms your opinion and then enter promptly.
Continue with trades that show you a profit, end trades that show a loss.
End trades when it is clear that the trend you are profiting from is over.
In any sector, trade the leading stock - the one showing the strongest trend.
Never average losses by, for example, buying more of a stock that has fallen.
Never meet a margin call - get out of the trade.
Go long when stocks reach a new high. Sell short when they reach a new low.
Other Useful Stock Trading Guidance
Don’t become an involuntary investor by holding onto stocks whose price has fallen.
A stock is never too high to buy and never too low to short.
Markets are never wrong - opinions often are.
The highest profits are made in trades that show a profit right from the start.
[B] No trading rules will deliver a profit 100 percent of the time.[/B]
This is your analysis on a chart all you need to do to make your daily trading plan with points in the chart you would consider entering dependent how price react around those areas.
currency analysis done for monday…i will only trade
aud cad - usd cad - eur usd - usd mxn
cad all day bank holiday and usd holiday…both currency will be at the mercy of the market
jpy current account expect impact on eur usd
cpi chf nzd flag
euro meeting …retail sales uk
Hi Dennis14685,
I started reading your thread and it has great instructions by you how to trade. Thanks! I am wondering if you could also show us the # pips you made / lost for each trade you did?
Mike
i di way back here in the thread, my java platform prints all entries on chart............and pips profit or loss.........................i added the numbers bigger INCASE NO ONE NOTICE THEM ON ABOVE POST AND BELOW...........ALL MY JAV CHARTS PRINT P/LOriginally Posted by dennis14685
my live account prints little numbers if loosers and winners those numbers are pips gained or lost on each trade within this chart currency only. I want everyone to see the loosing trades and see how i pick it up and get on with getting wins after a loss. Loosing is a part of trading, winning to win is a part to there all part of the job.Attachment 33091
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