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  #48781  
Old Nov 27, 2009 2:26am
benji533's Avatar
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Quote:
Originally Posted by g_j_hook@yah View Post
i quite like the look of it (although i wont be taking it as i cant be here to watch the trade)
there are some round numbers to be aware of and an area just below and at the low of the pin. i have marked what i am looking at on the charts.
jon
EDIT: there i a nice looking pin on thr gb/us 1h chart also but that is a sharp drop so i would play it very tight indeed!
Took a 1/2 bar loss on this one.
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  #48782  
Old Nov 27, 2009 2:28am
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morning
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  #48783  
Old Nov 27, 2009 2:30am
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Quote:
Originally Posted by raczekfx View Post
BINGO..
.
Hehe amazing mate!

By the way, don't give control to the troll!!

We miss you bud
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  #48788  
Old Nov 27, 2009 3:24am
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Quote:
Originally Posted by triger88990 View Post
goooooood morning

nice trade !!

wish you the best!
Thanks.
Look how the round number produced a clean PPZ to the pip! amazing. It's like knowing the future price flips before time.

Quote:
Can somebody explain markets behavior from the last days, it's seems that on all the majors there was extreme moves,with some high momentum.
Yea something is going on....I don't know what, but I love it

Take care tig, wish you the best as well
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  #48781  
Old Nov 27, 2009 2:26am
benji533's Avatar
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Quote:
Originally Posted by g_j_hook@yah View Post
i quite like the look of it (although i wont be taking it as i cant be here to watch the trade)
there are some round numbers to be aware of and an area just below and at the low of the pin. i have marked what i am looking at on the charts.
jon
EDIT: there i a nice looking pin on thr gb/us 1h chart also but that is a sharp drop so i would play it very tight indeed!
Took a 1/2 bar loss on this one.
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  #48782  
Old Nov 27, 2009 2:28am
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morning
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  #48783  
Old Nov 27, 2009 2:30am
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Quote:
Originally Posted by raczekfx View Post
BINGO..
.
Hehe amazing mate!

By the way, don't give control to the troll!!

We miss you bud
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  #48788  
Old Nov 27, 2009 3:24am
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Quote:
Originally Posted by triger88990 View Post
goooooood morning

nice trade !!

wish you the best!
Thanks.
Look how the round number produced a clean PPZ to the pip! amazing. It's like knowing the future price flips before time.

Quote:
Can somebody explain markets behavior from the last days, it's seems that on all the majors there was extreme moves,with some high momentum.
Yea something is going on....I don't know what, but I love it

Take care tig, wish you the best as well
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  #48815  
Old Nov 27, 2009 10:53am
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Quote:
Originally Posted by triger88990 View Post
when rac speaks you should pay attention
Indeed!

Quote:
Originally Posted by triger88990 View Post
On the e/u and yen crosses was late to enter because at that time I was off the market, but expected this move

all this move where "predictable" if you know where to look, everything it's based on supply and demand.

wish you the best!!
edit: those 2 trade take it on my tyni live account

Attachment 369243
Attachment 369244
Me too! me too!

Great trades there triger

Thanks rac!

These are some extra pocket money for the weekend
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  #48822  
Old Nov 27, 2009 1:41pm
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Yen crosses look cool for next week.

Sure rac and triger are up to something
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  #48815  
Old Nov 27, 2009 10:53am
benji533's Avatar
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Quote:
Originally Posted by triger88990 View Post
when rac speaks you should pay attention
Indeed!

Quote:
Originally Posted by triger88990 View Post
On the e/u and yen crosses was late to enter because at that time I was off the market, but expected this move

all this move where "predictable" if you know where to look, everything it's based on supply and demand.

wish you the best!!
edit: those 2 trade take it on my tyni live account

Attachment 369243
Attachment 369244
Me too! me too!

Great trades there triger

Thanks rac!

These are some extra pocket money for the weekend
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  #48822  
Old Nov 27, 2009 1:41pm
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Yen crosses look cool for next week.

Sure rac and triger are up to something
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  #48855  
Old Nov 29, 2009 12:21pm
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Quote:
Originally Posted by TiaForex View Post
Good to see you back Jim. I've missed you round here. Hope you caught some of the big moves last week.

There's been a lovely discussion in PF about the yen pinbars. What do you think? My hunch is we're not quite done with yen strength. I wouldn't take them as buy and holds, but played Jarroo style they are strong setups. 50 pip stop 100 pip target super tight leash type trades.

UCAD daily also seems to be winding up nicely perhaps in preparation for a break that allows that monthly pinbar to play out.

What have you been looking at? There was...
Hey Aron
What's up brother?

If you are planing to take the Yen pins, be careful not to stand in rac's way


Hope you had a great weekend!

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  #48869  
Old Nov 29, 2009 3:35pm
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Quote:
Originally Posted by TiaForex View Post
Hey Benji and good to see you. Yes you're right and you have a good eye. I will probably not take the yen pins. They formed in an illiquid market and I am just not convinced enough with the overall yen direction to bet on it rising for a few days (which is how I view my daily plays). That said, using the daily for direction and watching the hourly and 4H is probably what I will do. I think anyone who took them would have to watch the 50 ret and the trendlines like a hawk. The yen pairs seem to love the 50 ret. I just don't like playing markets when...
Playing the daily purely is very tough. One can wait ages until a proper PA at a proper location will occur.
Basically, I like playing touch trades on daily (no PA), or use them in order to hunt good PA setups on lower TFs.
In this case of the Yen pairs, I think that the location of most the pins is not good enough.

Quote:
Originally Posted by TiaForex View Post
There was a time that when i felt "unsure" I would just throw my money in anyway. These days I go the other way and so far it's working. I am also fully prepared for these yen pins to take off and never look back. I won't be upset if that happens. I simply cannot call the outcome of any individual trade. But I can work on my abilities so that over a hundred or a thousand trades I will be profitable. I think part of being a successful trader involved a lot of watching things that you pass on work really well. But as James says, we're not just waiting...
I like hearing the stories of how you have developed since you began trading
Reminder of good stuff for all f us.

Quote:
How are you my friend?
Life, you know....lol.

Take care!

Ben
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  #48855  
Old Nov 29, 2009 12:21pm
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Quote:
Originally Posted by TiaForex View Post
Good to see you back Jim. I've missed you round here. Hope you caught some of the big moves last week.

There's been a lovely discussion in PF about the yen pinbars. What do you think? My hunch is we're not quite done with yen strength. I wouldn't take them as buy and holds, but played Jarroo style they are strong setups. 50 pip stop 100 pip target super tight leash type trades.

UCAD daily also seems to be winding up nicely perhaps in preparation for a break that allows that monthly pinbar to play out.

What have you been looking at? There was...
Hey Aron
What's up brother?

If you are planing to take the Yen pins, be careful not to stand in rac's way


Hope you had a great weekend!

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  #48869  
Old Nov 29, 2009 3:35pm
benji533's Avatar
THANK YOU JAMES AND MIKE!!!
 
Member Since Jul 2009
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Quote:
Originally Posted by TiaForex View Post
Hey Benji and good to see you. Yes you're right and you have a good eye. I will probably not take the yen pins. They formed in an illiquid market and I am just not convinced enough with the overall yen direction to bet on it rising for a few days (which is how I view my daily plays). That said, using the daily for direction and watching the hourly and 4H is probably what I will do. I think anyone who took them would have to watch the 50 ret and the trendlines like a hawk. The yen pairs seem to love the 50 ret. I just don't like playing markets when...
Playing the daily purely is very tough. One can wait ages until a proper PA at a proper location will occur.
Basically, I like playing touch trades on daily (no PA), or use them in order to hunt good PA setups on lower TFs.
In this case of the Yen pairs, I think that the location of most the pins is not good enough.

Quote:
Originally Posted by TiaForex View Post
There was a time that when i felt "unsure" I would just throw my money in anyway. These days I go the other way and so far it's working. I am also fully prepared for these yen pins to take off and never look back. I won't be upset if that happens. I simply cannot call the outcome of any individual trade. But I can work on my abilities so that over a hundred or a thousand trades I will be profitable. I think part of being a successful trader involved a lot of watching things that you pass on work really well. But as James says, we're not just waiting...
I like hearing the stories of how you have developed since you began trading
Reminder of good stuff for all f us.

Quote:
How are you my friend?
Life, you know....lol.

Take care!

Ben
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  #48907  
Old Nov 30, 2009 8:54am
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Quote:
Originally Posted by MattW View Post
Hey Benji good to see you again!

This is all new to me but am I interpreting your charts correctly - you're looking to take touch trades if price hits the trendline and the ppz at more-or-less the same time?
Hey bro,

Yep, kinda. Make it better with a lower time PA for a small stop and a great R:R.
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  #48916  
Old Nov 30, 2009 11:21am
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Quote:
Originally Posted by dobe_r_man View Post
Anyone else like me not excited by anything they are seeing yet on the dailies. Nothing jumps out at me right now to be honest.

I will see how things look after the close today, but as of right now I don't see any orders I will be putting in at this point for tomorrow.

Have a good one everybody!

Nathan
Well, a bit earlier I have just closed my shorts and placed a long position, USDCAD. Let's see how it turns out
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  #48922  
Old Nov 30, 2009 11:37am
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Quote:
Originally Posted by MattW View Post
Benji,

Talking about your USD/CAD, what stops would you use for your touches off them trendlines?
Did you get stopped out on the previous test of the lower one that spiked through?
I did not take the previous one.
I have started looking at these things again after the posts of rac a few days ago. It is boring to trade the same all the time - variation is good once in a while lol.

Stops of touch trades. For me the purpose of touch trades is high R:R. In this case there was no obvious support very close, so I just hidden my stop a few pips behind the MAJOR round number which was 37 pips away

Huwa!! Just looked at my chart and it seems to be moving thanks rac.


Ben
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  #48926  
Old Nov 30, 2009 11:53am
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Quote:
Originally Posted by MattW View Post
Thanks Ben. I've suddenly come into a lot of time what with being made redundant and all so I'm going to look to try and take a few of these because, as you say, the RR makes sense!

I guess the other question to ask is - what's your target on this? The upper trendline?
Something in that zone. Probably will lock in some profit before.
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  #48927  
Old Nov 30, 2009 11:54am
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Quote:
Originally Posted by Dan Gilbert View Post
i'm having a hard time seeing how the touch buy order you placed on USDCAD is even remotely significant.... I mean it's working obviously... lol, but the support line you drew seems like it should be lower, unless you consider the break of that line a few days ago a false break....??


I'm just a little lost here....
Well..I see the zone combined with other factor making it stronger.

Lower PPZ doesn't match with what I am looking for.
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  #48930  
Old Nov 30, 2009 12:14pm
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Quote:
Originally Posted by Dan Gilbert View Post
I see the zone, but not the trendline you drew lol..... nice trade though....

ohh, sorry. I thought you are talking about the horizontal one.

umm...this will still hold for me. maybe a tiny bit of experience will tell why...but one break won't always cancel the line.
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  #48907  
Old Nov 30, 2009 8:54am
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Quote:
Originally Posted by MattW View Post
Hey Benji good to see you again!

This is all new to me but am I interpreting your charts correctly - you're looking to take touch trades if price hits the trendline and the ppz at more-or-less the same time?
Hey bro,

Yep, kinda. Make it better with a lower time PA for a small stop and a great R:R.
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  #48916  
Old Nov 30, 2009 11:21am
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Quote:
Originally Posted by dobe_r_man View Post
Anyone else like me not excited by anything they are seeing yet on the dailies. Nothing jumps out at me right now to be honest.

I will see how things look after the close today, but as of right now I don't see any orders I will be putting in at this point for tomorrow.

Have a good one everybody!

Nathan
Well, a bit earlier I have just closed my shorts and placed a long position, USDCAD. Let's see how it turns out
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  #48922  
Old Nov 30, 2009 11:37am
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Quote:
Originally Posted by MattW View Post
Benji,

Talking about your USD/CAD, what stops would you use for your touches off them trendlines?
Did you get stopped out on the previous test of the lower one that spiked through?
I did not take the previous one.
I have started looking at these things again after the posts of rac a few days ago. It is boring to trade the same all the time - variation is good once in a while lol.

Stops of touch trades. For me the purpose of touch trades is high R:R. In this case there was no obvious support very close, so I just hidden my stop a few pips behind the MAJOR round number which was 37 pips away

Huwa!! Just looked at my chart and it seems to be moving thanks rac.


Ben
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  #48926  
Old Nov 30, 2009 11:53am
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Quote:
Originally Posted by MattW View Post
Thanks Ben. I've suddenly come into a lot of time what with being made redundant and all so I'm going to look to try and take a few of these because, as you say, the RR makes sense!

I guess the other question to ask is - what's your target on this? The upper trendline?
Something in that zone. Probably will lock in some profit before.
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  #48927  
Old Nov 30, 2009 11:54am
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Quote:
Originally Posted by Dan Gilbert View Post
i'm having a hard time seeing how the touch buy order you placed on USDCAD is even remotely significant.... I mean it's working obviously... lol, but the support line you drew seems like it should be lower, unless you consider the break of that line a few days ago a false break....??


I'm just a little lost here....
Well..I see the zone combined with other factor making it stronger.

Lower PPZ doesn't match with what I am looking for.
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  #48930  
Old Nov 30, 2009 12:14pm
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Quote:
Originally Posted by Dan Gilbert View Post
I see the zone, but not the trendline you drew lol..... nice trade though....

ohh, sorry. I thought you are talking about the horizontal one.

umm...this will still hold for me. maybe a tiny bit of experience will tell why...but one break won't always cancel the line.
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  #48994  
Old Dec 1, 2009 6:55am
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Quote:
Originally Posted by PippingMama View Post
Hello Benji,

Are you trade on demo or live?

How come we cannot see the stoploss level? I want to learn those touch trade that how you set the stoploss level.

Do you always enter when there is trendline, ppz and 50 and 60% fib, of course best will come with round number at that level.


Thanks!

PippingM
When I take live trades, I do not always place them on demo as well.

I do not have a book of rules, so I can't tell you that every time XXX occurs I will trade it.
I have tools, and use them with some additional thinking.


I see that trigger answered well your other questions.

Take care,

Ben
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  #48995  
Old Dec 1, 2009 6:58am
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Quote:
Originally Posted by benji533 View Post
Well, a bit earlier I have just closed my shorts and placed a long position, USDCAD. Let's see how it turns out
Update on this one - got out at BE.
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  #49003  
Old Dec 1, 2009 7:42am
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Quote:
Originally Posted by MattW View Post
Well played. I'm thinking wait for a pullback and look to see some PA showing the trendline as support and then jump in short - it's with the macro trend.

That said there seems to be a PPZ in the range 1.0400 to 1.0450 so we might yet see price just blast straight back up again.
I wouldn't play this as a BO+PB pattern. Too risky IMO.

This one is for rac

Latter buddies..
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  #49009  
Old Dec 1, 2009 9:52am
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Quote:
Originally Posted by triger88990 View Post
nice one benji I remeber back that there I have exited my short position and wanted to revers for long but was off the market and missed the train.

today was no action for me,except the trade from yesterday

time for taking TP

wish you the best.

Attachment 370881
Attachment 370882
Attachment 370883
Awesome triger!
You are nailing them

If I remember well, you took the EU long as well, right?

I think I will soon fold? The DJI is hitting some resistance as well.

By the way, I'm totally new to this concept. Can you please elaborate abit on how do you use the DJI and DOW for your forex trades? Please?
Damn, I know it is all here in this thread offered on a golden plate. I just don't have time to do FX-homework. Need to make an appointment with rac's posts sometime soon
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Old Dec 1, 2009 11:08am
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Quote:
Originally Posted by triger88990 View Post
I only use dji for my yen crosess needs,also look at xxx/chf pairs,and some news. I'm looking off S/R waiting for PA there and if those level hold, the apetitive will increase on the yens.

For fiber,aussie, cabel, lonnie and swissy I'm loking for clues on oil and gold, and also some important news.

hope that helps.

Yep that helps, thanks man.
Quote:
Ps: On the fiber I was off the market at that moment, have lost the train and forget it after the facts, I was looking at it and expected that moves

wish you the best!!
ohh yea my mistake, you have just told me that in your previous post.

Thanks a lot and keep your posts coming dude

Ben
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Old Dec 1, 2009 1:16pm
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Next?
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Old Dec 1, 2009 6:55am
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Quote:
Originally Posted by PippingMama View Post
Hello Benji,

Are you trade on demo or live?

How come we cannot see the stoploss level? I want to learn those touch trade that how you set the stoploss level.

Do you always enter when there is trendline, ppz and 50 and 60% fib, of course best will come with round number at that level.


Thanks!

PippingM
When I take live trades, I do not always place them on demo as well.

I do not have a book of rules, so I can't tell you that every time XXX occurs I will trade it.
I have tools, and use them with some additional thinking.


I see that trigger answered well your other questions.

Take care,

Ben
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Old Dec 1, 2009 6:58am
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Originally Posted by benji533 View Post
Well, a bit earlier I have just closed my shorts and placed a long position, USDCAD. Let's see how it turns out
Update on this one - got out at BE.
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Old Dec 1, 2009 7:42am
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Originally Posted by MattW View Post
Well played. I'm thinking wait for a pullback and look to see some PA showing the trendline as support and then jump in short - it's with the macro trend.

That said there seems to be a PPZ in the range 1.0400 to 1.0450 so we might yet see price just blast straight back up again.
I wouldn't play this as a BO+PB pattern. Too risky IMO.

This one is for rac

Latter buddies..
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Old Dec 1, 2009 9:52am
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Originally Posted by triger88990 View Post
nice one benji I remeber back that there I have exited my short position and wanted to revers for long but was off the market and missed the train.

today was no action for me,except the trade from yesterday

time for taking TP

wish you the best.

Attachment 370881
Attachment 370882
Attachment 370883
Awesome triger!
You are nailing them

If I remember well, you took the EU long as well, right?

I think I will soon fold? The DJI is hitting some resistance as well.

By the way, I'm totally new to this concept. Can you please elaborate abit on how do you use the DJI and DOW for your forex trades? Please?
Damn, I know it is all here in this thread offered on a golden plate. I just don't have time to do FX-homework. Need to make an appointment with rac's posts sometime soon
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Old Dec 1, 2009 11:08am
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Quote:
Originally Posted by triger88990 View Post
I only use dji for my yen crosess needs,also look at xxx/chf pairs,and some news. I'm looking off S/R waiting for PA there and if those level hold, the apetitive will increase on the yens.

For fiber,aussie, cabel, lonnie and swissy I'm loking for clues on oil and gold, and also some important news.

hope that helps.

Yep that helps, thanks man.
Quote:
Ps: On the fiber I was off the market at that moment, have lost the train and forget it after the facts, I was looking at it and expected that moves

wish you the best!!
ohh yea my mistake, you have just told me that in your previous post.

Thanks a lot and keep your posts coming dude

Ben
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Old Dec 1, 2009 1:16pm
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Old Dec 7, 2009 9:54am
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Originally Posted by triger88990 View Post
sorry for that

for the moment I'm busy with scalping on yen crosses, want to push it more higher, preparing for a more longer position

by the way hate doing scalp.

anyway the better I do the less desire I have for posting

wish you the best!!

Hey pro...

yen higher?...I'm short a/j since 82.80 ..


What about long from 79.75 if jones hits 10260 ? - just a beginner..


ohh and... wish you the best!
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Old Dec 7, 2009 12:00pm
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Originally Posted by triger88990 View Post
hey bro

I was long but only for a short time,I was playing around it doing some scalp, wanted to help to go much more higher at that time, which it did,for preparing my short. I think you missuderstand me or I didn't put it in the right way but when I say "preparing for a more longer position" (know I haven't expres it in a proper way ) , I wanted to say that my next move I'll saty more time targeting for a much lower price.


haven't enough margin to put in a/j so I pass...

lol, I see..not long, but looooong (better for me as well )

This weekend I have started reading rac's posts...going very slowly and did 10 pages so far. To be honest, I already feel I need a second round after I finish, lol.
But I love it, very challenging!

Bummer I can get only about 1,000 through his profile...

Lets see where we stand in a couple of weeks from now

Ben
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Old Dec 7, 2009 9:54am
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Quote:
Originally Posted by triger88990 View Post
sorry for that

for the moment I'm busy with scalping on yen crosses, want to push it more higher, preparing for a more longer position

by the way hate doing scalp.

anyway the better I do the less desire I have for posting

wish you the best!!

Hey pro...

yen higher?...I'm short a/j since 82.80 ..


What about long from 79.75 if jones hits 10260 ? - just a beginner..


ohh and... wish you the best!
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Old Dec 7, 2009 12:00pm
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Quote:
Originally Posted by triger88990 View Post
hey bro

I was long but only for a short time,I was playing around it doing some scalp, wanted to help to go much more higher at that time, which it did,for preparing my short. I think you missuderstand me or I didn't put it in the right way but when I say "preparing for a more longer position" (know I haven't expres it in a proper way ) , I wanted to say that my next move I'll saty more time targeting for a much lower price.


haven't enough margin to put in a/j so I pass...

lol, I see..not long, but looooong (better for me as well )

This weekend I have started reading rac's posts...going very slowly and did 10 pages so far. To be honest, I already feel I need a second round after I finish, lol.
But I love it, very challenging!

Bummer I can get only about 1,000 through his profile...

Lets see where we stand in a couple of weeks from now

Ben
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Old Dec 10, 2009 9:57am
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Originally Posted by benji533 View Post
Hey pro...

yen higher?...I'm short a/j since 82.80 ..


What about long from 79.75 if jones hits 10260 ? - just a beginner..


ohh and... wish you the best!
ok closed that short yesterday for 8R and went long as planed in my above post.

wow...I LOVE dailies. Really. No stress, time for everything, and still good money.

Trade well everyone!...and congrats trigger
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Old Dec 10, 2009 11:27am
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Quote:
Originally Posted by ghous View Post
Wow!

For a moment I thought Rac had played around with his chart colors a bit.

Keep up the good work bro.

g.
lol, thanks man. Yea, that's a result of the early stage in reading rac posts.

Quote:
Originally Posted by MattW View Post
On the AUDJPY long did you see any PA or did you just jump in at the PPZ?

Pure touch.
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Old Dec 10, 2009 1:39pm
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Quote:
Originally Posted by Dan Gilbert View Post
this is a serious question benji: about how many failed touch trades do you execute, for each winner? I understand you could easily get 4 failed touch trades, and 1 winner, but with an 1:8 R/R, that is still a very profitable approach.... I'm just curious!
Hey Dan,

I am not such experienced with touch trades. Started focusing on it mainly very recently. So not much data, but in the mean time I get roughly 30% WR with very small stops.

The nature of touches is low WR, but a large RR.

I am happy with the results, but as time passes, I will get better and better....I am sure.
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Old Dec 10, 2009 1:45pm
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Quote:
Originally Posted by Jlr View Post
Nice one. I took the cad/jpy daily bar retrace. Still waiting for it to come up a bit higher so I can play the 3 day pinbar short. I think that play could possible have a bit more pop.
NZDJPY made very nice and predictable moves this week as well...but I have decided to go with only one yen pair with a full position size.
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Old Dec 10, 2009 9:57am
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Quote:
Originally Posted by benji533 View Post
Hey pro...

yen higher?...I'm short a/j since 82.80 ..


What about long from 79.75 if jones hits 10260 ? - just a beginner..


ohh and... wish you the best!
ok closed that short yesterday for 8R and went long as planed in my above post.

wow...I LOVE dailies. Really. No stress, time for everything, and still good money.

Trade well everyone!...and congrats trigger
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Old Dec 10, 2009 11:27am
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Quote:
Originally Posted by ghous View Post
Wow!

For a moment I thought Rac had played around with his chart colors a bit.

Keep up the good work bro.

g.
lol, thanks man. Yea, that's a result of the early stage in reading rac posts.

Quote:
Originally Posted by MattW View Post
On the AUDJPY long did you see any PA or did you just jump in at the PPZ?

Pure touch.
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Old Dec 10, 2009 1:39pm
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Quote:
Originally Posted by Dan Gilbert View Post
this is a serious question benji: about how many failed touch trades do you execute, for each winner? I understand you could easily get 4 failed touch trades, and 1 winner, but with an 1:8 R/R, that is still a very profitable approach.... I'm just curious!
Hey Dan,

I am not such experienced with touch trades. Started focusing on it mainly very recently. So not much data, but in the mean time I get roughly 30% WR with very small stops.

The nature of touches is low WR, but a large RR.

I am happy with the results, but as time passes, I will get better and better....I am sure.
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Old Dec 10, 2009 1:45pm
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Quote:
Originally Posted by Jlr View Post
Nice one. I took the cad/jpy daily bar retrace. Still waiting for it to come up a bit higher so I can play the 3 day pinbar short. I think that play could possible have a bit more pop.
NZDJPY made very nice and predictable moves this week as well...but I have decided to go with only one yen pair with a full position size.
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Old Dec 11, 2009 10:01am
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Quote:
Originally Posted by benji533 View Post
ok closed that short yesterday for 8R and went long as planed in my above post.

wow...I LOVE dailies. Really. No stress, time for everything, and still good money.

Trade well everyone!...and congrats trigger
Do we have more room to move...?
Took half position off for another 6R profit, and letting the rest run.
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Old Dec 11, 2009 10:10am
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.
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Old Dec 11, 2009 10:23am
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Quote:
Originally Posted by MattW View Post
Benji

You have become a master at this! Have you figured this out just from Racs posts?
No, not a master yet. Gone through only 420 of rac's posts so far, very slowly. Long way ahead of me....

Anyway, I thank god for finding this thread with James, Mike and Mark included.

Trade well mate...
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Old Dec 11, 2009 10:58am
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Quote:
Originally Posted by Danku View Post
Hi Benji, been watching your trades and i have no words, you have really caught on fast......i was wondering.....you say you have gone through Rac's posts.........are on PF or on some thread?

Cheers and Nice Weekend all
I'm not a member in the PF It's all here, and free.

Quote:
Originally Posted by frankm7 View Post
Benji, I'm assuming you took that short based on the 4H PPZ and the 1H PB that formed at the top end of the range, yes? Too bad on my MT4, the PB looks very small :/ Great Job!
Yep, that's right. PA is just another great tool, but the main thing is location. If the bar looks ok relativity to other recent bars, I would say it's ok.
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Old Dec 11, 2009 11:18am
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Quote:
Originally Posted by Dan Gilbert View Post
1.4589 to be exact. 11 pips below round number.... This thing has a ton of downward momentum, and touch trades are hard. lol. Happy trading.
Hey Dan,

How are you doing?

Just a little thought about fiber right now. We have just broken a very long term and established TL. IMO that might and can be a hint for a trend reserve, or at least a pause of it. In addition, you have a weekly GOLD pin bar with some good space to go - hint for dollar strengthening.
On top of all that, it's now Friday..weekend...and price is falling hard.
That is like trying to catch a falling knife even with PA confirmation. So personally touches would be a no-no for me in this case.

Hope that helps a bit...

Take care and keep your great work

Ben
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Old Dec 11, 2009 10:01am
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Quote:
Originally Posted by benji533 View Post
ok closed that short yesterday for 8R and went long as planed in my above post.

wow...I LOVE dailies. Really. No stress, time for everything, and still good money.

Trade well everyone!...and congrats trigger
Do we have more room to move...?
Took half position off for another 6R profit, and letting the rest run.
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Old Dec 11, 2009 10:10am
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.
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Old Dec 11, 2009 10:23am
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Quote:
Originally Posted by MattW View Post
Benji

You have become a master at this! Have you figured this out just from Racs posts?
No, not a master yet. Gone through only 420 of rac's posts so far, very slowly. Long way ahead of me....

Anyway, I thank god for finding this thread with James, Mike and Mark included.

Trade well mate...
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Old Dec 11, 2009 10:58am
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Quote:
Originally Posted by Danku View Post
Hi Benji, been watching your trades and i have no words, you have really caught on fast......i was wondering.....you say you have gone through Rac's posts.........are on PF or on some thread?

Cheers and Nice Weekend all
I'm not a member in the PF It's all here, and free.

Quote:
Originally Posted by frankm7 View Post
Benji, I'm assuming you took that short based on the 4H PPZ and the 1H PB that formed at the top end of the range, yes? Too bad on my MT4, the PB looks very small :/ Great Job!
Yep, that's right. PA is just another great tool, but the main thing is location. If the bar looks ok relativity to other recent bars, I would say it's ok.
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Old Dec 11, 2009 11:18am
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Quote:
Originally Posted by Dan Gilbert View Post
1.4589 to be exact. 11 pips below round number.... This thing has a ton of downward momentum, and touch trades are hard. lol. Happy trading.
Hey Dan,

How are you doing?

Just a little thought about fiber right now. We have just broken a very long term and established TL. IMO that might and can be a hint for a trend reserve, or at least a pause of it. In addition, you have a weekly GOLD pin bar with some good space to go - hint for dollar strengthening.
On top of all that, it's now Friday..weekend...and price is falling hard.
That is like trying to catch a falling knife even with PA confirmation. So personally touches would be a no-no for me in this case.

Hope that helps a bit...

Take care and keep your great work

Ben
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Old Dec 14, 2009 9:53am
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10 mins left till the close of the bar....lets see if we can get some PA here
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Old Dec 15, 2009 2:10am
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Quote:
Originally Posted by benji533 View Post
10 mins left till the close of the bar....lets see if we can get some PA here
Here is an update for this trade
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Old Dec 15, 2009 2:18am
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Default And another few...

The power of confluence...

Happy Hanukkah / Christmases to all of you
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Old Dec 15, 2009 5:19am
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Quote:
Originally Posted by supermatt View Post
i could not tell the difference between ur trades and racs benji. that being a compliment.
Nope, not rac yet, but be sure I am using my Hanukkah holiday to work on it hard

Quote:
Originally Posted by Jlr View Post
Long wait for that one, but certainly worth it. I was relieved to get in 1 min before Oanda moved the spread from 3 pips to 10
Well, considering a high TF PPZ plus fibs supported by oil finding some ground and gold free-falling, it was a good bet IMO.

Quote:
Originally Posted by g_j_hook@yah View Post
did anyone take the daily IB on eu?? missed that one! bige BEOB then an IB gatherring up momentum!?!?!?
ah well cant win em all!
jon
no IBs for me, but I am still in my short from last week with a 17 pip stop


Quote:
Originally Posted by triger88990 View Post
...I'm going to bring my "trader career" to the next level.
ohh I'm sure you will
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Old Dec 15, 2009 5:29am
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Quote:
Originally Posted by g_j_hook@yah View Post
very nice benji! is that still a full possition??
jon
Half..
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Old Dec 16, 2009 5:20am
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Quote:
Originally Posted by Jlr View Post
quote=benji533;3307181

Well, considering a high TF PPZ plus fibs supported by oil finding some ground and gold free-falling, it was a good bet IMO.


Noticed that too. Was pretty much 50/50 on whether it was a tradeable play or not, but then I saw oil, and decided it looked profitable enough. Too bad all of these bar lows are in the way, could see this thing going lower, but don't feel like getting chopped out. Are you still holding any?

Quote:
Originally Posted by Dan Gilbert View Post
Dear Benji,

I have been monitoring your AUD/CAD trade, and all I can say is: "wow". Are you out of this trade yet? Thanks!
Hey Jlr and Dan,

Yes I'm still in.

You are right Jlr, this trade has a lot to do with oil (), so where do we go from here?


PS- I have 6 winners our of 6 trades for the last two weeks. wash. repeat.
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Old Dec 16, 2009 11:08am
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Quote:
Originally Posted by raczekfx View Post
how about this scenario:
1.44pf, 1.48xx and then... 1.42 ?
.
I'm with you buddy...lets wait and see what the feds bring us...
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  #49827  
Old Dec 16, 2009 11:44am
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Quote:
Originally Posted by nasir.khan View Post
Benji talking about news thats strang.LOL
n , ne , news?.....oh..that's only some info I need for my bs project at school ()..

I thought by trading the news you actually enter after the announcement..or..

Quote:
Originally Posted by Dan Gilbert View Post
*dan quietly cancels his 1.46 sell limit order*

that can be a problem bud...have a plan..follow it..trust yourself, be confidant. lose, win...follow the plan.
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  #49830  
Old Dec 16, 2009 11:50am
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Quote:
Originally Posted by Dan Gilbert View Post
my plan is to use your posts as my teaching guide for touch trading (serious). in other words: I don't have much of a touch trade plan, still trying to find it Learning for those who got it.
This is the second thing you must not do....it's offered first hand in rac's posts..I'm just a junior (also seriously )..
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  #49832  
Old Dec 16, 2009 11:59am
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Quote:
Originally Posted by supremeChaos View Post
hey benji, im a bit surprised u are still up. what time is it in your place?

Hey my friend...It's 6:55PM here, Israel time, Hanukkah holiday

Quote:
u can enter way before the announcement.. so as to get in at a better price.
or after the announcement, if price reached a very good price.
As I said...I know nothing about news trading..(seriously tough)..
Trading is art...bars, lines, arrows, numbers...all you need is to paint a nice picture and follow it.
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Old Dec 16, 2009 2:55pm
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Quote:
Originally Posted by raczekfx View Post
you like jumping the gun, don't you...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
HAHA I have a friend (one year older than me) riding the Merkava 4 ...but since I have just got the results of the air force selections last week, it seems that I would be a pilot next year...flying this toy, I will drop a visit

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  #49877  
Old Dec 16, 2009 4:25pm
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Quote:
Originally Posted by raczekfx View Post
Now, do you want to take some profit at minor sr and move the rest to be?
It's totally up to you, but if you trade 1k/pip, that's already nice cheque..
If price hits 4510 for the fourth time, it's probably going lower....
...
ohhh yea..let me guess....

"a bounce forming triple bottom on smaller tf around ppz would be one of them..."
Jan, 19, 2009


add some strong div and..


Quote:
Originally Posted by smilee89 View Post
אז מה, אתה משלנו?
חג שמח
חג שמח אח שלי
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Old Dec 16, 2009 4:45pm
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Quote:
Originally Posted by raczekfx View Post
Wrong...
Look at the daily patterns on fiber going back to Jul 2008.
Tip: count the pips..
ok....lost me

I will sleep on it...and let you know if I get any reasonable idea...lol....still junior
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Old Dec 17, 2009 3:19pm
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Quote:
Originally Posted by raczekfx View Post
you like jumping the gun, don't you...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
haha...you got me...full lose on this trade..

..no time to think - next!
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Old Dec 20, 2009 11:45am
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Quote:
Originally Posted by ghous View Post
.....

Nasir's been doing the exact same thing and so is Benji, I can literally trace my earlier steps with Benji's current ones. The two have been doing great except that they are in a big hurry, either to make money or see themselves alongside Jim or any other pro trader ignoring the very core fact that the pros been doing this for the last XX years!

.....
g.
Hey brother,

Thanks for posting that. Good to be aware of other folk's point of view, which have been watching you since the very beginning.

I will take that to my attention

Ben
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  #50179  
Old Dec 21, 2009 10:30am
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Quote:
Originally Posted by StoragePro View Post
Damn Internet Spies....

Just had a nice Dinner at the Hanalei Dolphin. Sushi. Yum.


..

Man...SP is back ...I missed you buddy.
Sure you are doing great...keep enjoying life dude..!

Quote:
Originally Posted by squeezy View Post
i call rac the monster ...lol
love ur posts, they really have helped me a lot
it hit me a while ago that forex trading at the end of the day is all about common sense..... not sure if that makes sense but ive been progressing and its looking simple.....
im giving myself a couple of months to get comfortable with my style of trading

1 of my few trades running ....
Edited: NO biases, no hoping.

Anyway, can't ignore our current location. I was waiting to hit this area since last week...time to take some off.

Now, let's keep it simple, no stress on high TF..and enjoy other things in life.


PS -Cyrus and Aaron...you both are awesome posters...thanks.
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Last edited by benji533, Dec 21, 2009 10:46am
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  #50229  
Old Dec 22, 2009 10:41am
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Hey folks,

Just wondering if anyone knows where can I find a dollar index chart for MT4 (any broker..demo)?

Thanks alot,

Ben
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  #50234  
Old Dec 22, 2009 11:45am
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Quote:
Originally Posted by pmn100 View Post
Google 'Forex LTD'. They are a UK based MT4 broker.
Hey pmn100,

Many thanks for trying to help, but I still can't find the $ index chart in their list.

Ben


Quote:
Originally Posted by mbqb11 View Post
Gold weekly pin hit my take profit. 1 trade this month. Taking the rest of the year off from trading for sure
Great work Mike, thanks for posting
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Old Dec 22, 2009 12:11pm
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Quote:
Originally Posted by pmn100 View Post
You may have to right click on the list of pairs and click 'show all'. It has the symbol 'USDX'.

See attachment.
Found it now. Thanks for your help

Ben
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  #50747  
Old Jan 5, 2010 9:04am
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Quote:
Originally Posted by nasir.khan View Post
I am in but i will be out if it goes below 146.90.
You're brave with your stop there Nasir ...

Ben

..
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  #50760  
Old Jan 5, 2010 9:58am
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Quote:
Originally Posted by nasir.khan View Post
oh we got another confirmation and who wants to go against benji.and I am short UJ at 91,90
This is a great pattern imo, and I won't be surprised if it will work out. But my gut feeling is warning me here...there are better opportunities out there
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