Am going to stay away from E/G, just don’t trade it enough, despite really wanting to go short.
Long Cable on 50% retracement of pinbar pr=1.5670, tr 1.5630 sl 1.5595 tp set at 1.57, but will re-evaluate in morning. 30 units. Just as tempted to place entry 10 pips above opening.
Really tough time finding entries tonight.
I’m guessing you are also (in Kentucky) a horse player, and it’s like you’re making that argument against ‘place’ and ‘show’ bets which I do agree with. I’d rather play the multi-race wagers like the pick 4, or aim for the exacta pool. Normally as a Red Sox fan I’d say I’d rather be Kevin Youkilis, but that’s out the window… I see your point, I’m going to have to think about this more with a fresher brain.
Happy to have you, look forward hearing your perspectives. I’ve often been interested in getting some old data, and seeing what I could make of it.
I cant really listen to music if I’m trying to write comments, but if I’m analyzing charts, I find it helps me to get to the more creative side of my brain. More the melodic classic rock and prog stuff.
Really looking forward to hearing how you approach the market.
Not going to move anything, but I think that my entry at 1.5630 might be a little (20 pips or so) too low. Let’s see if I can get some consistency with my bias and I can build on that.
Account balance remains at $5,051. Gotta go get 4+ hours of sleep.
Well, so far today has unfolded exactly as I expected. Morning came, my alarm clock went off and I’m pretty tired, which is pretty much according to my plan. With regard to currency pair price movements… not so much. Balance at 4,950. Lost on cable. I really liked and believed in that pin-bar - loss. Correlation between the Pound and the Euro is still broken.
USDX moving down off a fib retracement and bearish MS, helping the Fiber today.
Note to self: until I am really on track, I am only going to trade in the direction of market structure. I must trade with the flow of the market, not against it.
I was unaware that my six year old daughter followed this thread, had an email address, or knew how to use a computer, but I received the following email from her this morning and thought it was relevent:
Dad,
After reviewing your long entry on the Cable last night, I felt compelled to reach out to you and try to talk some sense. What were you thinking exactly? You check commercial Pound positions and see some movement to the long side and then enter an order off a bullish pin-bar without any type of confirmation candle? Go back and read Nikita’s thread again dad and try to learn something. How long have you been locking yourself up in that room now, like twenty months? This was not confluence of reasons for a trade dad, it was two silly excuses you made for getting into a bad trade. Dad, good traders can barely use COT data to make trades, what are you expecting to do?
By the way, it’s the storage room ok. Calling it your office because it has a tv and a computer in it is just pretentious. I can make myself understand that you don’t use fundamental analysis, which would have kept you out of a long pound position, but what about this market structure stuff you think you understand? And if you’re going to watch ‘Money in Motion’ every week, take notes and stop staring at Kathy Lien, and liking it when she looks and sounds angry, because if you keep doing it, I will tell mom.
I hate to break this to you, as I know you were psyched to see there were 900 views of that thread thing you’re doing, but 875 of them were mom and I viewing it out of pity. I mean seriously dad, you know the two of us never listen to what you have to say. Did you really think other people were really reading about your trading opinions? With that long fiasco last night, I wouldn’t count on many more views lol.
Dad, have fun with this thread, but go back and read your trading journal and remember what you were doing when things went well. Do your thing, and if you lose, let it be because you made intelligent decisions based on good assessments of bias supported by market structure, real confluence, intelligent entries, and logical trade / risk management. You’ve talked to me about my anger, so I won’t hit you upside the head with those mentor discs you had made, that you could have paid for tickets to a One Direction concert with the money you spent, but if there are many more trades like last nights I will have no choice but to tell the kids at school that Mastergunner99 is my real biological father.
Lastly, stop referring to yourself as humorous. You’re really the only one who thinks so. Most of the time mom and I don’t even understand what you’re saying, and calling it dry wit does not make it wittier. Does Simon Templar make jokes in every post? No dad, he focuses and trades what he sees, which is why he’s a professional. At least that Home of Golf fellow is genuinely funny (and look at his charts dad, those lines are called support and resistance, a tool commonly used by price action traders - try it some time.) The only thing people are laughing at right now are your trade decisions.
Love you.
THAT made my day:18:
Awww… That is too cute!!!
I think she deserved to go see “One Direction” concert… I am just glad she didn’t mention anything about Justin Bieber because I am sick of hearing it from my cousins…LOL…
This is Awesome!!! Thanks for sharing 
This was tough, but I finally chose #2 which was the e/u, because it seems to have retested a bearish trend line and was rejected. Seemed to be better than 1. How about you HoG.
Hi Horgarste
Sent you a copy of the data for all the currencies mentioned. There are several other historical ones in the spread sheet. However, they are only of historical interest as they formed the European currencies prior to the Euro.
Have fun
Thank you Spuzzana. Got home a little late tonight and already its past 11. I will look at what you sent me though and hope to discuss.
Subscribing. Hogarste, I appreciate the well thought out responses and discussion format of the thread.
Very sincere thanks, and am happy to have you here.
Real quick and real dirty shot of AUD/JPY prior to starting work for the day.
Some of the numbering will have a question mark after them. Thats because awaiting confirmation the numbering is correct or proven wrong.
Daily shot this is what the whole of the the trend from June last year looks like with fib measurements. Expecting either
Higher probability we are going to get a slow climb into a further extension as the monthly fib measurements for the whole structure going back to February 2009 hasn’t quite achieved its 1.38% target to reach equality with wave 1 and satisfy the Elliott Wave rule that wave 3 can never be the shortest of the three impulsive waves.
Reasons for the slow climb:
Target to complete the 1.38% advance on the monthly is around the 100.400 handle. However, I would be cautious at this stage and only trade for short periods once daily bias has been established. Also worth noting what the EUR/AUD, AUD/USD and GBP/USD pairs are doing.
Once wave (4) commences this will take several weeks and expected retracement will be down to the lowest point 88.050 unless its a downward triangle. In which case it could go a little lower. If its a flat correction and goes lower than 88.050 the whole structure becomes an A, B, C correction that has taken several years to complete.
Hourly
Daily
Monthly
Announcing the Hogarste $10K challenge, or as my daughter calls it “Dad, now wtf are you doing to embarrass yourself and this family.” As of today my account balance has 4,950.80. I (like everyone) have very limited time to trade. Starting on Monday, February 18, 2013 and ending at NY close Monday, February 16, 2015 (two years) I will at least double my account balance (I need to add 49.20.) I will use a variety of methods learned from real trading teachers to achieve this, but most folks know that my foundation is based on ‘you know who – not Lord Voldemort’
I will document the trades periodically via transactional reports and keep a trade log that documents the method I used for the trade. At the end I will summarize the overall results based on the methods used. No gaming. Real risk management will be used. I might post some general rules over the weekend, but I’m going in to this honorably. Again, I will use a variety of methods, including he who won’t be named, and others.
If I fail at this, I will post a public apology thread on BP for the fervent comments I’ve made. I will also keep my head shaved for six months and tell people ‘it’s the Mastergunner look’. Given the differences in our age and head shapes, no one wants to see me with the Mastergunner look, trust me.
I’ve received a PM from Woolo, who has agreed that if I succeed, he will move to NY for five years, and we will start a hedge fund together with me as the senior partner – nah, just kidding. This should be a reasonable challenge. If I win the money will be used to start a foundation aimed at finding Yunny a more current avatar.
Two years and double the balance – 2Y2X.
You can do it bro. Keep going.
:D:18: Maybe is outdated but you can’t deny Bela Lugosi was the coolest man ever in a film…
Good luck with your challange!
Agreed about Bela.
I’ve already hired a team of investigators to find your phone number, so I can call you up to discuss S/D zones. Only kidding, I will only use learning resources that I have already.
Hogarste,
Stick around and we’ll have you trading like a real pro with a big NY on your ball cap! 
