Majors Thread: EUR, USD, GBP, JPY
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thread: Majors Thread: EUR, USD, GBP, JPY

  1. #1
    Junior Member sebapkche's Avatar
    7

    Majors Thread: EUR, USD, GBP, JPY

    1 Attachment(s) I do not want to barge into a different thread to discuss random currency observations. I feel like I am minding the purpose of these threads when I am not talking about the thread topic. There's not any particular segments nor stickies which have an open ongoing thread kind of deal happening. So go right ahead and post observations on anything that relates to any of the majors. Feel free to post any signs from some other ones that are personal or methods and the egies that have their own thread here or from where. It doesn't matter this thread has no topic other than the 4 major currencies.

    I want to respect the different threads for their purpose and do not wish to detract from the creator's intent. This thread is made for any arbitrary comments and thoughts. There are many pairs to have each one have a thread of their own. I think these 4 currencies and their pairs are most probably the majority of the ones people exchange. I just trade 4 pairs anyhoo. This thread covers 12, I'll just ignore the rest of em.... If a person wants to earn a second thread for of the pairs with CAD, CHF, NZD and the remainder go ahead. I think that would be a fantastic way not to all pile in on a single ribbon. Makes it on a dozen pairs in every single thread. So I kick against it in here, I don't trade em.

    I'll be back with my first few comments but I am gonna get a drink from the fridge. Make yourselves feel at home. Keep your feet.

  2. #2
    Member ina99's Avatar
    98
    I will post this shot of a commerce long GBP commerce I took this morning... I submitted it in a day trading thread, but thought it was right here since there were several posts on this morning's session on the GBP.

    This was my very first LeftBrainTradeing exchange of sorts. As I've yet to recieve the book and know what I am doing with what I am seeing, I state of sorts.

    But I can say that, I luv FIBOs, along with the LBT information was lining up fine w/much of my TA therefore I dived so long just over the blue line in the screen shot below. I had put a TP of this DashDot green 38.2% information line that contrasts, in this circumstance, to the daily pivot data and the main tunnel ema. It was good for approximately 40 pips once the spread was removed (all in demo).

    NiceGuy777 responded in another thread that it was a very good exchange for not reading the book yet! Thanks NG: - )

    I am gonna have more fun using fibos once I read the novel and get a handle on this model.

    Http://www.accrete.com/fx_posts/misc...30m_1stlbt.png
    To me, this seems like the type of commerce I would take on a day commerce after the first 30 minutes after a news release, like we had this morning. I would normally wait until I knew which way the wind was blowing and jump then.
    Thanks SMJ

  3. #3
    Junior Member sebapkche's Avatar
    7
    1 Attachment(s)
    I will post this shot of a trade long GBP trade I took this morning... I submitted it in a day trading thread, but believed it was right here because there were several posts on this morning's session on the GBP.

    This is my first LeftBrainTradeing trade of sorts. Like I've yet to recieve the book and know what I am doing with what I am seeing I state of sorts.

    But I can say that, I luv FIBOs, and the LBT information was lining up nice w/much of my TA therefore I dived in long just over the blue line in the screen shot below. I'd set a TP of this DashDot green 38.2% information line that corresponded, in this circumstance, to the daily pivot data and the major tunnel ema. It was good for about 40 pips once the spread was removed (all in demo).

    NiceGuy777 reacted in another thread that it was a very good trade for not reading the book yet! Thanks NG: - )

    I am gonna have more fun using fibos once I read the book and get a handle on this version.

    Http://www.accrete.com/fx_posts/misc...30m_1stlbt.png
    I am not knowledgeable about this LBT method but I am pretty sure it doesn't have anything to do with a BLT, of course I may be wrong. I was looking at the chart you submitted and also a break jumped out at me. From what I am getting with what is about that chart you entered the trade as it was by the blue line at about 1.7375. The trendline fracture was 30 pips lower.

    For some reason my PS made this whole chart a darker shade of blue....hmmm go figure

    edit: As I looked at that chart again I was struck by the way that it is a timeless TL example, and so I added some more to the chart to help illue what I am searching for in a TL.

    Base is the first point used to build the TL

    Set is the second point someone would use to create a TL that might be a potential signal.

    Evaluation is a third confirmation of this trendline.

    If it is an untested TL with only a bottom point and place point, to me it is not as strong as one that's been tested. Because you receive alot of TLs that you are attempting to weed out and also the evaluation typically enables me that the trader know which the market is respecting.

    Of course an approach to the tL gets my attention, a fracture within a bare candle gets me activate finger an itching and a close that's broken the trendline is sealing the bargain.

    Just wanted to add this for anyone wondering the solution to my madness on TLs. It's pretty straightforward, not much for this. I also shifted the chart to reveal what it would look like while it happened compared to what it wound up at. Some say how could I not see that and would consider it later, but it often seems obvious in the first phases of the fracture.

  4. #4
    Junior Member sebapkche's Avatar
    7
    LOL, there is probably some truth to that. I am aware that the past 15 years out here I gotten moldy a few times. (we get 100 inches a year of the stuff here in my city ).
    It rained for the first time in 143 days last week at Arizona....omg it was orgasmic.... An overcast all day drizzly feelin that is NWstin. Southwest usually receives the run and strike storms maybe not.

    I Truly do like OR during the summer. In fact this summer I would like to escape the heat here and go up to the NW....or possibly northNM/CO area. Somewhere but here at the hell of this place(phoenix, arizona place )in the summertime.

  5. #5
    Member ina99's Avatar
    98
    [quote=Pipsta]I am not familiar with this LBT method but I am pretty sure it doesn't have anything to do with a BLT, of course I may be wrong. I looked at the chart you posted along with a break jumped out at me. From what I am getting with what is on this chart you entered the trade as it was by the blue line at roughly 1.7375. The trendline break was 30 pips reduced.

    There's also a 1 2 bottom there and also a price projection from the number 1 point to the number two point would place the price marginally less then at which it ended.

    This goes back to my original point that a high likelihood trade functions from many different perspectives and methods.

    Thanks SMJ

  6. #6
    Member ina99's Avatar
    98
    Hey neighbor, what is the snow?


    bib brotha? I won't even rip on that one. . .it's funny tho...I got this little freeware app called'tinyspell' out of freewarefiles.com I think it's a little spellchecker that loads into your tray and it assesses anything your typing, but it's kinda annoying becuase it does not have some windowface to operate with merely a bubble that pops up by the tray. It alerts me everytime I misspell a word and then I find that word spelled and can click the tray icon. I have not figured out how to check out a document that was finished with it I'm still looking for the spellchecker. It's totally free and works though I shouldn't complain.
    Pipsta, thanks for the info on Tiny Spell. I are spell good. at this Forum thingy. I need to improve my grammar. By the way, Tiny Spell did not enjoy what I wrote. SMJ

  7. #7
    Hi back: - )

    SMJ and Pipsta you're both right. I waited my regular wait time following a news statement (the New Housing Sales thingy) and had my TA all set up beforehand trying to find the TL break, the ( http://www.sfomag.com/homefeaturedet...rchYearID=2005 ) and convergence near the ema tunnel-fibos. Everything seemed great.

    SMJ, as for explaining anything associated with LBT installation? Well I can not yet like I've not read the book. But I am convinced I'll ch on with FIBO data's use. When I saw the V4hr channel/tunnel I knew I needed to put it on short term charts. They sure act like stall points and magnets .

    And when my friends come over all those lines on the chart make me look more intelligent, cuz it's Greek to them!

    ;-)

  8. #8
    Member ina99's Avatar
    98
    Hi back: - )

    SMJ and Pipsta you're both right. I waited my regular wait time following a news announcement (that the New Housing Sales thingy) and had my own TA all setup beforehand looking for the TL fracture, the ( http://www.sfomag.com/homefeaturedet...rchYearID=2005 ) and convergence close to the ema tunnel-fibos. Everything seemed good.

    SMJ, as for describing anything related to LBT setup? Well I can't yet like I've not read the book. But I am convinced I will ch on with FIBO data's usage. When I first saw that the V4hr channel/tunnel I knew I needed to place it on short-term charts. They act like stall points and magnets for the large part.

    And when my friends come over all those lines on the chart make me seem more intelligent, cuz it is Greek to them!

    ;--RRB-
    I to have used smaller fibs on a 5 minute chart, when the Market is consolidating. It works well on the GBPUSD to plot a 21EMA and then use 21 and 34 fibs over and below the EMA. I make a transaction when the price touches either side of this 21 Fib and close it when it rolls another one.
    I also stop this kind of commerce when price goes via the 34 FIB, because it normally indies a tendency beginning and this kind of transaction doesn't work well in a trend.

  9. #9
    Junior Member sebapkche's Avatar
    7
    Hi back: - )

    SMJ and you're both right. I waited my regular wait time after a news statement (that the New Housing Revenue thingy) and had my TA all set up beforehand looking for the TL fracture, the ( http://www.sfomag.com/homefeaturedet...rchYearID=2005 ) and convergence near the ema tunnel-fibos. Everything looked great.

    ....

    And if my friends come over those lines on the chart make me look brighter, cuz it is Greek to them!

    ;--RRB-
    I really like the look on people's faces when they visit my charting. Their eyes roll in the back of their own head.

    I see that thing about the box drama along with the squeeze playwith. Told me concerning that kind of 19, when I first started trading a guy who was into wedges. Since that time I have always looked in wedges(aka squeeze play) and sideways channels(aka box drama ) and employed them to help commerce.

  10. #10
    Junior Member sebapkche's Avatar
    7
    I did a small chart thingy this weekend working with the free charting package at fxcm. It is really pathetic in comparison to what we all like to use however it illues how with trendlines you can utilize the most primitive charting and get results. It is all daily charts but I wished to demone that the origination of the TL about the expanded chart and zoomed in to show the lines of significance.

    Here it is.

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