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Chicky replied May 18, 2009Hi eaglestar, I am doing ok. Can not complain, made few pips going both directions. If I correctly read your charts, we are in a narrow channel up. These channels sometimes suddenly break downwards, so there is a possibility of it breaking down. The ...
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Chicky replied May 18, 2009Still undecisive. I think we should let it consolidate here. If equities see a retrace during this week, it should go to 1.33xx. Today's equity drive did not influence it much. It may want to go down a little bit.
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Chicky replied May 18, 2009S&P may see a small retrace just before 900. ps. Sorry, it already did. Not visible on daily chart.
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Chicky replied May 17, 2009Imho, if it gets there i.e below 1.5000 in form of a big break or with force, may go further down before retracing about 250 to 300 pips. I would either START buying near 1.500 or will wait for the south break to fully subside, if it occurs.
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Chicky replied May 17, 2009Thanks for explaining. If I had correctly analyzed, your old system was based on horizontal s/rs. That gives a broader view and big picture as compared to channels. I am of the opinon that channels help us decide timings and likelyhood of a break ...
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Chicky replied May 17, 2009Eaglestar, I saw nothing wrong with your old system. Why did you change it?
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Chicky replied May 17, 2009Kama Sutra No. 17 I am out for the moment. Ps. Will be giving some testing long on IH from here to 1.3300 (to lose .4% made in first hour playing ping pong with pa)
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Chicky replied May 17, 2009This is a small world. I am very glad to hear that. There are few others on this thread.
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Chicky replied May 17, 20095abi, These links may help you getting an idea what I NORMALLY try to do, may not be all the times. Kindly note that that there is much more to it. You would appreciate that it is not a system, but the trader behind it that makes the difference. Any ...
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Chicky replied May 17, 2009Shamu, just one caution. This is a bit risky method. I am a CPA by profession, and therefore able to do extensive risk assessment. I cannot even imagine using this method without this tool. It took me several years and thousands dollar losses to ...
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Chicky replied May 17, 2009Shamu, this really works. I tested this and several other methods for years. But this is the one I chose for myself. I agree, this looks a bit crazy, but it is not. The only issue with this is that it is not very profitable as compared to others. I ...
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Chicky replied May 17, 2009Both, coin is symbol of money and ice-cream is that of happiness in life. Thanks. However, I am completely out for the moment and have no sense of direction yet. Wish you all the best in your trades and life.
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Chicky replied May 17, 2009It will my friend, it will. Give me your TP for long, I will enter short there. Give me your TP for short, I will enter my long order there. My system is simple. YOu will buy from or sell to me. Win Win situation. You go with the trend I go against ...
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Chicky replied May 17, 2009Imfho, Ak's analysis makes sense. If there was no buying last week, should be selling soon. If no selling it should go up. So far selling is not very convincing. In normal situations break of 1.3500 a strong psycho level should have triggered ...
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Chicky replied May 17, 2009Shamu, In order to make pips, it needs to go either up or down. But it is going sideways. My system fails here. Guide me with yours, Up or Down.............I promise, will do exactly the opposite.
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Chicky replied May 17, 2009I have no idea where it is heading. Is it Heads for Buy and Tail for Sale, or vice versa? Someone.
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Chicky replied May 17, 2009There is no Sunday trades. Certain parts of the world are already in Monday. However, some traders avoid trading during low volume sessions. This is one.
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