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shomari replied May 30, 2012START HERE — url & Email him. He'l aswer and then tell you the exact URLs. Trade Life !!
Trend Trading All Pairs
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shomari replied May 30, 2012Better late than never.... — Read the RORO posts over the last few weeks, and this is what I'm talking about. Everyoe is scared and runig to safe bonds (USD and JPY), causing them both to rise. READ THIS. CNN FINALLY REPORTS ON IT, BUT WE I ...
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shomari replied May 30, 2012Nothing — what can we do ? Nothing. Just wait. Price has to move for us to make money. Just set your entries, and if price doesn't trigger your etry, oh well. The market is never wrong. And, you will run out of moey,before you can prove the ...
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shomari replied May 30, 2012Too much "noise". — You must be disciplined. "ZOOM IN" 4x of the Setup chart. Setup chart = H4, then Trigger chart is H1. Setup chart = H1, then Trigger chart = M15 Setup chart = M30 or M15, then Trigger Chart = M5 If you ZOOM IN too ...
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shomari replied May 30, 2012Good week,so far. — Yeah, so far, so good. LOL. Loving it. It took a little while this week to get going though. Honestly, I thought it was going to be a week of prices retracing up to the D1 timeframe. Boy, was I wrong. Yesterday, I had my ...
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shomari replied May 30, 2012How's it going ? — 3SMAs, that's the key. As you can see from my posts I'm using the 3SMAs for trends and trading accordingly. I put a few D1 charts up a few posts before this, showing the progress over the last 4 weeks. Keep watching the ...
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shomari replied May 30, 2012SOUNDS GOOD — . You know it Skynet. Terminator fan ? Just asking cause of the name. What you into this week ?
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shomari replied May 30, 2012European Bloodbath Continues — OUCH !!!! Don't believe it's RISK OFF ? Check out todays European financial numbers. OUCH !!! Follow the link below for quick update. url
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shomari replied May 30, 2012I know,and he's right,but...... — CUSTOS is right. Absoutely. But I suppose also that, you see, TIME, is a factor. In our fast moving world, having your money tied up for days, without a payoff, is RISKY. Who knows what'll happen in those many ...
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shomari replied May 30, 2012I knowwhat you mean. — You're right. Obviously. But volatiity is how we make our money. The more volatile, the better. If prices didn't move, we wouldn't make money right ? I can be theatrical. But you know what...the proof is in the charts. ...
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shomari replied May 30, 2012Maybe you do't get it — I put my stops behind ROUND NUMBERS, (psychological areas of support and resistance). SO if I didn't do that and then based my stops on how much I WANT to risk, sure I could do that. But you see, I place my stops FIRST, ...
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shomari replied May 30, 2012Let's see — [quote=vladutz112;5713518] Well, I trade more pairs than the ones I've been trading this past month, but basically, any COMM DOLL (commodity dollar, CAD, AUD, NZD), against a safe haven currency (USD, JPY, sometimes CHF), will give ...
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shomari replied May 30, 2012I'm sorry, but this is TOO Hilarious LMMFAO!!!! — OK OK. LMAO !!! Oh, this is too funny. I never open the EUR/GBP chart because I know I'll never trade it. But CUSTOS, just for comparison, I opned it up and put it beside my other pairs I've ...
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shomari replied May 30, 2012BTW..... — "Riskig more lots than you normally would." DOES NOT keep the % of account at risk the same. How can it ? You're "risking MORE LOTS than you normally would." More lots = more risk. No? Trade Life !!
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shomari replied May 30, 2012Let me repeat myself — Of course I could do that, but it's a waste of time !! Why wait for a pair to pay me 100 pips in 3 days, when I can trade one that gives me that in 1 day ? That makes no sense. Not to mention, in your theory you said " ...
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shomari replied May 30, 2012Exactly !!! — You're exactly right!!! And, as I said, I give myself BIG stoploss space for price to "do it's thing". That's why I need at least 100 pips profit to give me a R:R of at least 3:1. Minimum !! And, as I stated before, I put stops ...
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shomari replied May 30, 2012QUICK TIP — Here's a quick tip. USD/CAD inversely tracks the price of Oil. pull up a USD/CAD chart and a Crude Oil chart. Notice how price moves i the opposite directions ? USD/CAD is the Oil pair. When Oil is down USD/CAD is up. And vice ...
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shomari replied May 30, 2012One more thing — How do I select the swings ? It's easy. If when I apply the FIB Expansion, it shows me a potential profit of 100 pips or more, I take it. Anything less, I leave alone, beacause I give my trades a nice wide stoploss to play ...
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shomari replied May 30, 2012Do you mean.....? — What do you mean ? What i do is wait for price to retrace. As it's retracing I draw the RETRACEMENT TREND LINE. Then wait......tick, tock....tick, tock.... Then once price breaks through the retracement trendline you wait ...
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shomari replied May 30, 2012CFDs and Stocks — Yes I do. But I don't actively trade them. When the financial crisis in US was happening I opened a few practice accounts using CFDs, shorting the US housing related companies. It was fun, so I fool around with a couple of ...
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