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the_wizard replied Feb 2, 2012Just wanted to add - sorry for coming across as a bit harsh. It's not that bad a trade - I've done way worse in my career. It's just that your trade goes against the very essence of what this thread and this style is about. If you read the thread in ...
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the_wizard replied Feb 2, 2012Wait, I'm actually still digesting all this. You sold a breakout after price has already collapsed? And you've got a STOP right on your S/R level from the previous post. Is this a wind up?
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the_wizard replied Feb 2, 2012Hey FxPro, I have no idea what you are doing selling Euro at 1.3125 (with a 100 pip target) but I am sure you have your reasons! The lows you highlighted as a breakout trade (and which you sold) is the exact kind of area where I look for a "trap" so ...
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the_wizard replied Jan 31, 2012Good point, Sam. Thank you. If I wasn't busy trying to scalp the EURUSD whilst simultaneously calling it on Twitter, you might have got a half decent answer from me ;-)
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the_wizard replied Jan 31, 2012I stay away from the crosses (with exception of EURJPY and EURCHF) for a reason. I can't reiterate this enough.
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the_wizard replied Jan 27, 2012P.S. While ANYTHING can happen in this game and EXPECTING the UNEXPECTED is the norm.... Try having a quick candle count on the D1 in GBPUSD and see how many times it has made it 10 days up in a row. You might be VERY surprised.
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the_wizard replied Jan 27, 2012Hi everyone, Just wanted to say a quick thank you to all those of you that donated to the BHF for this Sunday's webinar. The page closes tomorrow and we've managed to raise over £1,200 so far : url Thank you again - it is greatly appreciated! For ...
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the_wizard replied Jan 26, 2012Yes, I was out pretty quick on that too after the huge move up. I got an exit from the $1703.3 short at $1695.3 for +80 / 0.75 R.
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the_wizard replied Jan 25, 2012Yeah this one didn't work too well but if you played it correctly, your loss should have been small. I initially took it short at the orange line (101.11) with a stop at 101.54. The correct exit was on the "trap" which is a pattern we have gone over ...
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the_wizard replied Jan 24, 2012Please tell me you took this. EDIT : Just seen you did! LOL - you guys are well ahead of the game. Keep it up ;-)
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the_wizard replied Jan 23, 2012You can't get MACD div or an SFP if the level was the inverse last (which this was) so you can strike those off as criteria for this setup.
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the_wizard replied Jan 23, 2012I would stay away from the crosses and NEVER, EVER, EVER TRY TO FIND THINGS TO JUSTIFY YOUR SETUP. Look at what happened to that level you were thinking of buying. The market blew right through it. It was only two touches from the inverse therefore ...
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the_wizard replied Jan 22, 2012If you have sent me a PM, I will put you on the list. Please feel free to remind me of this post in the webinar and I will answer it for you. I did start the webinars to be able to go over questions like this in much more detail than I can make in a ...
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the_wizard replied Jan 20, 2012H1 is the trigger timeframe and D1 is the "bias" timeframe. Therefore, if you see an SFP on the H1, you can use it for entry if you have a D1 bias! If it's simply an SFP on it's own then make sure you have a level. I will show you something in this ...
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the_wizard replied Jan 19, 2012Oh and one final thing ; if I hear another trader say "I don't trade USDJPY because it doesn't move much" I will bang my head against my desk until I knock myself unconscious. If you are still counting in pips rather than R multip-les you have a ...
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