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Mysticforex
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Everything posted by Mysticforex
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The 12 Trades of Christmas by DayTraderRockStar
Mysticforex replied to daytradingradio's topic in Day Trading and Scalping
I don't label myself a Christian either. But this time of year is definitely one of good will. P,.S. Mitsu, I drink Drambuie, a couple of rocks, a small slash of soda, and a twist of Lime. -
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Mightymouse's reply was good, and probably the way to go. You say you just finished a course, which one ? -
The 12 Trades of Christmas by DayTraderRockStar
Mysticforex replied to daytradingradio's topic in Day Trading and Scalping
On the 11th day of Christmas the market gave to me, 20 Golden Pips.10 ticks of slippage,9 sleepless nights, 8 Shillers shilling, 7 venders vending, 6 lagging indicators, Fiiiiiii-LOOOOOO-TRADES, On the third day of Xmas the Market gave to me a tight range,no opportunity.. .On the second day of Christmas the market gave to me, 2 lousy ticks and a sell signal in bear trap. ..On the first day of Christmas the market gave to me, a sell signal in a bear trap -
The CAD/CHF trade is up 25 pips. Remember, if you are so inclined to move the stop to BE @ 8420. I am still thinking a TP of 8600.
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Well now we are getting a little movement, Just printed a daily high.
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The message I deleted should go in Trading Contest Discussion.
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So far this has been like watching paint dry lol... Actually I should have picked another name for this thread. The trades will not all be on CAD/CHF. They will be on whatever pairs present the right conditions It really has to do with missed pivot points. I don't think I have the ability to change the name of the thread... we will see.
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Afraid not. You will have to wait untill the Jan contest.
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I have heard it said the the daily pivot on OIL is the most imporrtant..Not sure, but I probably heard it from an old ( older then me ) commodities trader. He work for at least 15 -20 years in the Chicago Pits He traded mostly ag products but was known to daddle at times with Oil, Gold, Silver, and even Forex futures.We started one day about Pivot points ( I love Pivot Point ). He pointed out an anomaly to me which I found quite interesting. I forgot about it some time but it has recently resurfaced in my Brain. I hve started playing with it again The time time is not yet right to give the details of the gimmick, after all I mat be barking up the wrong tree. But I will from time to time post a trade that I see ( they don't happen every day. Remember, These are not suggestions to buy or sell a certain instrument, I just want to sett a tone of transparency in case it ever does develop into something.. If it ever does develop into something, I promise it will never be sold by me. At this early stage, for the purpose of saving us all time and work I am just going to post the trades, not the mechanics involved.. If things start start working out I will provide the EA needed (free of charge). BY ALL MEANS...this is a work in work in progress, If ANYONE sees anything that they think will make it clearer to understand, Simplify it in anyway please chime in. As on all my threads I will brook no name calling,no snide remarks, no negative attitudes. The Pair is CAD/CHF. Entry as long at 8375 SL is at 8330 TO is at 8600 ( this is going to require some patience) If you feel a bit antsy you can move you stop to BE @ 8423. I placed this trade on my Oanda acct which I am having difficulty posting here, In the future I will us MT4.
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Yes. I actually heard a good analogy about that today. A Mechanic does not fix your car for free
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30 min chart. red MA is 62 EMA. Blue MA is 200 SMA. Black dashed MA is 800 SMA Radar Screen: first line, distance from price to the 800 SMA Second line: number of candles price has been away from the 800 SMA. Also notice that there is an as yet unhit WP between price and the 800 SMA
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------------------------------------------------------------------------------------------------------------------------------------- This is a 1 minute chart of GBP/JPY. Can anyone tell me what you see ?
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High + Low + close /3 That's why I use the 10 pip buffer for the TP, different platform close the candle at different times. If you use MT4 I am pretty sure I have uploaded the EA here. If I havn't I will make sure I do so. I am on my way out the door so it will be a bit later in the day.
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-------------------------------------------------------------------------------------------------------------------------------------- BTW... The trade I took for this was on the Monday accellerator located here: http://www.traderslaboratory.com/forums/forex-trading-laboratory/17565-monday-accelerator-4.html
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GBP/CHF: Price has come down to hit the WP and the trade has closed in profit. + 40 Pips. Like I said in the beginning. This is not a master plan to accumulate all the money in the world., just a little gimmick to get a modest piece of pie. A piece here, a piece there, and the mouse is well fed. Here's a story. It's true. I have a Captains License. 100 Tons Near Coastal. When I could get the work I would do Yacht Deliveries ( I could never make a living at it, but for me being paid to sail a boat was great). A friend of mine, Captain Rick, got a job to pick up a 40 ft sail boat in Antigua and deliver it in New London CT. Roughly 1800 miles. Rick was the Captain of record. I and another friend were mates. During the entire passage Rick was constantly coming up on deck to trim the sails. It got to the point where it was becoming annoying. I finally said something to the effect of "Jesus Christ Rick , relax, at most we are gaining a 1/2 knot an hour." He said, " that means I will be home with my wife 1 day sooner". He was right. So the moral of the story is that no matter what you can do, no matter how small it may seem to advance yourself toward your goal is worth it.
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--------------------------------------------------------------------------------------------------------------------------------------- GBP/CHF: Position still open, currently up 11 pips.
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------------------------------------------------------------------------------------------------------------------------------------ GBP/CHF: Trade open
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------------------------------------------------------------------------------------------------------------------------------------- Price is coming down after all. I would not be surprised to see our order picked up today. we are 10 - 12 pips away at the moment.