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  • EUR/USD lower

    From forexlive.com

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    I’m not seeing anything of note crossing the wires re this sharp move lower in the Euro (and GBP). Obviously its much less liquid today than normal with Japan out (and China). Added: OK – chat is stops below 1.3145 were targeted. In the bigger picture there is unwinding of EUR cross trades continuing from funds.

    • Yao

      499 posts
    • hm... what the heck happened?
    • Jan 2, 2013 10:22pm | Edited Jan 3, 2013 5:29am
    • #4
    • Quote

    • JimDandy
      JimDandy's Avatar

      245 posts
    • I see very little demand preventing it from moving on down to 1.3110
      ......38 minutes and can't seem to muster any bids here...
      ......60 minutes and 16 pips back up to its 38.2 level.... it's do or die time.
      7 hours later it finally gets to 1.3110

    • jaygee

      1,995 posts
    • since it did this, i am considering a lower cover level now. 3160 has held for 2 weeks. dec5 high is supp here

    • pippiphooray

      93 posts
    • I have been keeping my eye on this range trade for the last couple of sesions. To be honest, I was long eur/usd earlier tonight, thinking that the price action would make a soup bowl and progress higher. For whatever reason, I barfed out of my long, and flipped short at the 3168 level...I wish they all could be like that...Cheers!

    • skyboys007
      skyboys007's Avatar

      417 posts
    • Chance of more down.Investor gaining some confidence after the Cliff deal.I think after 20th January we will see a masive move in JPY crosses too.Just be wait for full swing.Its in too overbought condition.

    • JimDandy
      JimDandy's Avatar

      245 posts
    • Congrats PipPipHooray.... haven't you heard? Trading is easy!

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Hate to say it (as I have in prior posts), but I forecasted the Euro lower. Technically and fundamentally inflated.

    • JimDandy
      JimDandy's Avatar

      245 posts
    • What? You mean Europe is NOT fixed? I'm shocked.... The question is.... which will lose value faster... the dollar or the euro? My guess... euro...

    • Loadedgun

        2,950 posts
    • I have similarly asserted on occasions that the 1.30 pivot area is of interest before a drive to 1.35. The issue of course is despite these predictions did we take advantage of our thinking? With stop at breakeven and some 100 pips in the game I now estimate pivot to be 1.30005 south. Not bad for my risk.

      The idea here is the news gets worse for people not playing those numbers right.
    • Jan 3, 2013 12:42am | Edited at 4:34am
    • #12
    • Quote

    • Loadedgun

        2,950 posts
    • That is the real news - I think if we spend all the time assessing information and little time trading then the markets efficiency (read rate of processing and dealing with information) will tend to punish rather than reward effort.

      You need to know the code - think like an algo - they are the competition and at their most basic they follow looped sets of very simple instructions but at speed. But that speed is said to be useful only in milliseconds and that kind of space in time. It follows therefore that when the rate or frequency of transactions fall in number of bars per period (such as we have at higher time compression) we can get to the point where a few pivots describe an entire move. Fractals and their dynamic geometry.

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Quoting Loadedgun
      That is the real news - I think if we spend all the time assessing information and little time trading then the markets efficiency (read rate of processing and dealing with information) will tend to punish rather than reward effort.

      You need to know the code - think like an algo - they are the competition and at there most basic they follow looped sets of very simple instructions but at speed. But that speed is said to be useful only in milliseconds. It follows therefore that the rate falls at higher magnitudes up to the point where a few pivots...
      My programmer and I are almost finished with an algo primarily for the MT4/5 platform. It has trend recognition and reversal sensitivity. Pretty sweet. Let me know if you're interest via PM. Works very well with E/U and G/U and backtested.

    • Loadedgun

        2,950 posts
    • Quoting pip_trader
      My programmer and I are almost finished with an algo primarily for the MT4/5 platform. It has trend recognition and reversal sensitivity. Pretty sweet. Let me know if you're interest via PM. Works very well with E/U and G/U and backtested.
      I am still trading manually - I am not sure and do not know if in fact a machine can be as precise as my mind. Sure I am limited to being able to multitask on only three symbols at a time but that would not be a constraint to income. But we will see - may be unlike you I have not gotten to stage where I can let go?

    • Silat50
      Silat50's Avatar

      351 posts
    • Quoting jaygee
      3110 and i am out
      Why JG...You wouldnt be cheatin and using the 60 min. 1.618 to get out on,would you? Thats cheating. No respectable trader takes advantage of others like that. (smile)

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Quoting Loadedgun
      I am still trading manually - I am not sure and do not know if in fact a machine can be as precise as my mind. Sure I am limited to being able to multitask on only three symbols at a time but that would not be a constraint to income. But we will see - may be unlike you I have not gotten to stage where I can let go?
      What do you mean let go? I trade manually, too. However, I cannot nor want to trade 24/5. Personally, the algo runs when my schedule is full and cannot manually trade, use for non-peak hours to scalp or run on a secondary account. It is just another weapon in the arsenal.

    • Loadedgun

        2,950 posts
    • Quoting pip_trader
      What do you mean let go? I trade manually, too. However, I cannot nor want to trade 24/5. Personally, the algo runs when my schedule is full and cannot manually trade, use for non-peak hours to scalp or run on a secondary account. It is just another weapon in the arsenal.
      I actually think you are ahead of me that is what I am saying I would like to get to that point where I can let go - i.e. actually code specific patterns of pivot as signal. However that is how I trade. So letting go means that part where you feel cool enough to leave it to a machine.

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Quoting Loadedgun
      I actually think you are ahead of me that is what I am saying I would like to get to that point where I can let go - i.e. actually code specific patterns of pivot as signal. However that is how I trade. So letting go means that part where you feel cool enough to leave it to a machine.
      I know what you mean. It took a little while for me at first, but you just have to be confident in your analysis and trade. Just have to control the trade and not have it control you, but that takes a little bit.

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • couldnt wait for 1.30 area.....just had to buy

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Quoting Fx Hiflyer
      couldnt wait for 1.30 area.....just had to buy
      No discipline? lol

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • Quoting jaygee
      3110 and i am out
      i have a friend like you...not exactly a friend because he is way older than me..........he likes to sell euro and sell only....he will burst his account at 1.35.....i will push him to hedge it somehow for what if it does not retraces to 1.30 level...1.31070 is acting like a good support

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • Quoting pip_trader
      No discipline? lol
      the only discipline i have is not to expose too much risk

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Quoting Fx Hiflyer
      i have a friend like you...not exactly a friend because he is way older than me..........he likes to sell euro and sell only....he will burst his account at 1.35.....i will push him to hedge it somehow for what if it does not retraces to 1.30 level...1.31070 is acting like a good support
      Hate to bust your bubble, but the Euro is inflated as Obama's ego.

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • Quoting pip_trader
      Hate to bust your bubble, but the Euro is inflated as Obama's ego.
      what exactly are you pointing at ?

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Well for starters, the core reason Europe had a crisis has not been removed only ignored. We think the US Congress has issues, the EZ has yet to unify or create a centralized banking unit. 17 individual countries with one currency, and apparently Greece needs yet another bail out.

      Euro technically just followed "risk" assets on the US stimulus. In a month's time the Euro will be trading 1.28. Speculation will only push the Euro up so much.

      May be good for trades, but people get way to optimistic. A weak ago I gave my analysis of a weaker Euro, and traders gave me shit saying it was gonna blast up to 1.35 at least.

      Where is it now? Only time will til in the long run I guess

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • Quoting pip_trader
      Well for starters, the core reason Europe had a crisis has not been removed only ignored. We think the US Congress has issues, the EZ has yet to unify or create a centralized banking unit. 17 individual countries with one currency, and apparently Greece needs yet another bail out.

      Euro technically just followed "risk" assets on the US stimulus. In a month's time the Euro will be trading 1.28. Speculation will only push the Euro up so much.

      May be good for trades, but people get way to optimistic. A weak ago I gave my analysis of a weaker...

      haha ofcourse time will tell......and i am not saying that it cannot go 1.28 level..it can go wherever ........i was talking about an account getting burst at 1.35..so better safe than sorry

    • pip_trader
      pip_trader's Avatar

      635 posts
    • True. That's were money management comes in. Trade well.

    • silvia77

      240 posts
    • Quoting pip_trader
      My programmer and I are almost finished with an algo primarily for the MT4/5 platform. It has trend recognition and reversal sensitivity. Pretty sweet. Let me know if you're interest via PM. Works very well with E/U and G/U and backtested.
      sounds interesting for me, how to PM you?

    • Guest

      IP XXX.XXX.133.178
    • I think so to short the gbp usd and 1770 to buy gold anfer enployment data job less buy agold

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Quoting silvia77
      sounds interesting for me, how to PM you?
      PM by clicking my name, and send message.

    • Loadedgun

        2,950 posts
    • Quoting pip_trader
      Well for starters, the core reason Europe had a crisis has not been removed only ignored. We think the US Congress has issues, the EZ has yet to unify or create a centralized banking unit. 17 individual countries with one currency, and apparently Greece needs yet another bail out.

      Euro technically just followed "risk" assets on the US stimulus. In a month's time the Euro will be trading 1.28. Speculation will only push the Euro up so much.

      May be good for trades, but people get way to optimistic. A weak ago I gave my analysis of a weaker...
      That is what I am trying to tell you bud - you got to read the code - it is 1.35 but the system of pivots to arrive at that point specify 1.30 first - that is how price moves never in a straight line. You can take 1.357 to the bank but in sequence.

    • Loadedgun

        2,950 posts
    • That is why I am not ready to trust a machine yet. I need to be correct each time and so far I am on track. It is the geometry of fractals and once you understand it as a system of pivots - much like an algo - and that it is the same in the small (micro dimension) and in the large (macro dimension) you would not be confounded by the markets. 1.30 then 1.35 you watch.

      But you must ignore news completely to read it accurately(or more correctly to play it accurately since reading and playing the market are two different things) - while accepting coincident interpretation of flows.

    • khol_hands
      khol_hands's Avatar

      303 posts
    • mine at 1.3159 buy stop tp 1.3109
      strong resistance fibonacci retrac daily at 1.3170
      no sl.good luck..

    • frx_trader

      928 posts
    • Quoting JimDandy
      What? You mean Europe is NOT fixed? I'm shocked.... The question is.... which will lose value faster... the dollar or the euro? My guess... euro...
      Agreed, with this logic. EUR is higher than USD. USD has lost much of its value and continue doing that.

    • Guest

      IP XX.XXX.192.233
    • The euro played most people like a fiddle...got you thinking short to 1.3100 or lower, but it's heading back up towards 1.3200.

    • khol_hands
      khol_hands's Avatar

      303 posts
    • Quoting frx_trader
      Agreed, with this logic. EUR is higher than USD. USD has lost much of its value and continue doing that.
      bye.. euro.let's we see after one more candle in H4!!!!
      buy euro on dips!!!

    • frx_trader

      928 posts
    • Quoting khol_hands
      bye.. euro.let's we see after one more candle in H4!!!!
      buy euro on dips!!!
      Next time maybe Don't cry for USD.

    • frx_trader

      928 posts
    • Quoting khol_hands
      bye.. euro.let's we see after one more candle in H4!!!!
      buy euro on dips!!!
      Or sad stories always make USD cry. Good song.

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      I have similarly asserted on occasions that the 1.30 pivot area is of interest before a drive to 1.35. The issue of course is despite these predictions did we take advantage of our thinking? With stop at breakeven and some 100 pips in the game I now estimate pivot to be 1.30005 south. Not bad for my risk.

      The idea here is the news gets worse for people not playing those numbers right.
      Hey bud, there is still a case for North push before the poop by Euro zone again. It started 17th Jan last year - will it recycle again, possible as EU lala zone is still a mess.

      So near yet so far - Find it laughable that some traders want to get out at .3110 (#3) where they fail to see a support line at .31258 (that's a support line on my chart which I reverted long from short). Shows what an expert such trader is, lol - it will come though after more than a month still trying to breakeven for some, well down. Not sure how much interests such traders are paying to their broker. THere are more traders that are following #3 shouting their entries, simply asking for trouble for stop hunting - NOOBS. But hey their account are loaded, that's not my problem.

      Have a good trading bud!

    • Guest

      IP XX.XXX.192.233
    • 1hr inverse head & shoulder pattern forming. Left shoulder and head already formed. Right shoulder forming between 3155-85

    • Loadedgun

        2,950 posts
    • Quoting jonahky7
      Hey bud, there is still a case for North push before the poop by Euro zone again. It started 17th Jan last year - will it recycle again, possible as EU lala zone is still a mess.


      Have a good trading bud!
      Well nice to see you back from the holidays - I had none since like I told you in private I got this huge project and things have to be checked to work just fine before we commence.

      Well you know the market is always about range traded. For the range I am trading (swing) 1.30 is the goal immediately. Price of course will fluctuate in that period up and down - but the key goal I see is 1.30 at this time. Looks like liquidity was not too far away so we should see decent sized moves.

    • gustavhunter

      98 posts
    • I agree with Loadedgun. I know its a shock for me as well but his call on seeing 1.3000 before any move up is valid. I think though it won't bounce much from there which is where we differ but will trade sideways looking for direction for a while.

      Not sure if we will see 1.3500 but if we do then its just 1 big figure away from my stop...which will make me sweat a bit if I'm honest.

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      Well nice to see you back from the holidays - I had none since like I told you in private I got this huge project and things have to be checked to work just fine before we commence.

      Well you know the market is always about range traded. For the range I am trading (swing) 1.30 is the goal immediately. Price of course will fluctuate in that period up and down - but the key goal I see is 1.30 at this time. Looks like liquidity was not too far away so we should see decent sized moves.
      Before the fiscal fiasco, I was drawing on my chart the possible ranges of long and shorts and it filled my longs to .3284 area and shorts to .3045/55 area. In either case, am trading sell, take TP and buy and take TP and revert.

      Daily pivot is .32105 may be a bit tricky to achieve this atm, lol. Not to forget quite a number of support lines and minor resistance lines along the way. So best trade at RS lines for moi

    • Loadedgun

        2,950 posts
    • What in fact preoccupies me now is Gold which despite that flash move up is heavy and turning down steadily. Also GBPNZD which appears immune to all market noise so that it trades fast and smooth like Gold just that (it spikes now and again) and trades more in a range like fashion. But the pip distances are decent - on average 150 pips. The Euro I just sold straight out - no qualms.

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      What in fact preoccupies me now is Gold which despite that flash move is heavy and turning down steadily. Also GBPNZD which appears immune to all market noise so that it trades fast and smooth like Gold just that (it spikes now and again) and trades more in a range like fashion. But the pip distances are decent - on average 150 pips. The Euro I just sold straight out - no qualms.
      Well the old saying goes all in all , Buy Hope and Sell Truth (aka buy rumor and sell facts)

      Yoohoo! kching kching

    • amviz13

      22 posts
    • look the president obama, resolve the usa in February and your´s politics go wrong maybe the euro up at next month, trade carefull!!!!

    • Loadedgun

        2,950 posts
    • Quoting jonahky7
      Well the old saying goes all in all , Buy Hope and Sell Truth (aka buy rumor and sell facts)

      Yoohoo! kching kching
      One way to see it I guess - as you know I never bother with the news.

    • Guest

      IP XX.XXX.192.233
    • Quoting Guest
      1hr inverse head & shoulder pattern forming. Left shoulder and head already formed. Right shoulder forming between 3155-85
      Scratch that, the h&s is definitely not valid anymore. Looking for the next setup...

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      One way to see it I guess - as you know I never bother with the news.
      Well, there are different ways one can use to trade - as long it rake in ££ EVERYDAY.

      I lose some pips, but I win (oops) more pips

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • [quote=Loadedgun;6335084]What in fact preoccupies me now is Gold which despite that flash move up is heavy and turning down steadily. Also GBPNZD which appears immune to all market noise so that it trades fast and smooth like Gold just that (it spikes now and again) and trades more in a range like fashion. But the pip distances are decent - on average 150 pips. The Euro I just sold straight out - no qualms.[/quot


      gold is acting real sensitive....i wish it was immune and always rangebound how i like it ...............i have been selling and scalping gold since a few hours.....trade the news today for some profits if you want!...

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • i hope everyone is looking at euro.......looking for a good place to buy

    • Loadedgun

        2,950 posts
    • Quoting Fx Hiflyer
      trade the news today for some profits if you want!...
      Nah the news (and oscillators) are I think the traders worst enemies - without them I am 140 pips positive in the Euro, 70 positive in the cross I am trading and 1085 points ahead in gold with risk set in all cases at or (as with the Euro) well below breakeven. No sweat.

    • cecchino

      80 posts
    • Quoting frx_trader
      When Abe, Obama shut up, USD talks.
      Maybe it's better to say "bankster talking".

    • Loadedgun

        2,950 posts
    • For the Euro I am looking at a strike zone defined by 1.30280 - yea too precise for reality but you know what I mean - 5% chance I am not dead right. But right enough to pick a huge payoff in the zone. Might not be a days job but then again there is tomorrow though the intensity of selling looks fluid enough to reach objective even today.
    • Jan 3, 2013 6:42am | Edited at 6:57am
    • #56
    • Quote

    • Loadedgun

        2,950 posts
    • Any further drop in Gold and we are in for a slide down.By that I mean any fresh candle (H4) headed down will most probably be volatile in direction and that depends on a pattern of pivots - in other words relying on what fractals were in play at the root and how sympathetic patterns in stored impulses to the right of the feed support such a play in the context.

      However, this follows a precept that price is reverting to mean when the unit in flow resonates at the same frequency as the objective. It is a rule of Doji's (those things that appear to affirm sentiment).

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      For the Euro I am looking at a strike zone defined by 1.30280 - yea too precise for reality but you know what I mean - 5% chance I am not dead right. But right enough to pick a huge payoff in the zone. Might not be a days job but then again there is tomorrow though the intensity of selling looks fluid enough to reach objective even today.
      The key is to trade at the right time, not like some traders who enter with no tech analysis but keep on adding to losing positions and praying for a miracle. And when that miracle does happen, it starts to gloat only to be sucked into another losing position - it goes round again and again.

    • jaygee

      1,995 posts
    • buy to cover eur/usd 1.3179 short avg at 1.3103 33x 2508p

    • Loadedgun

        2,950 posts
    • Quoting jonahky7
      The key is to trade at the right time, not like some traders who enter with no tech analysis but keep on adding to losing positions and praying for a miracle. And when that miracle does happen, it starts to gloat only to be sucked into another losing position - it goes round again and again.
      Well the market is crazy is it not? Why do you think it is crazy? Lots of crazy people doing crazy things at crazy times for crazy expectations and under crazy delusions - so the best "the theoretician" can do is to stay calm and model the market by isolating all noise - in the pure case - keep the madness out.

    • jaygee

      1,995 posts
    • euro 60m + diverge. cable is next. come to papa. pretty fat daily doji on euro yday. probably short it again if it runs higher

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      Well the market is crazy is it not? Why do you think it is crazy? Lots of crazy people doing crazy things at crazy times for crazy expectations and under crazy delusions - so the best "the theoretician" can do is to stay calm and model the market by isolating all noise - in the pure case - keep the madness out.
      Just spoke of the devil and off it went again, lol!

      Cool buddy! Am thinking of quitting my day job and go full time into forex

    • Loadedgun

        2,950 posts
    • BTW I think we should let jaygee ride as he pleases - its his way and if he feels like it that is ok - of course people need to be careful taking calls from anybody. Usually you looking for someone to corroborate your sense of things and where that is not the case you are taking a blind risk.

    • jaygee

      1,995 posts
    • or maybe just trade your own system/strategy and leave other traders to theirs. of course you could just spend all of your time here consumed with someone else too. It seems some are bent that way. it is all good here. i think i will spend my time making money as that makes the most sense to me.

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      BTW I think we should let jaygee ride as he pleases - its his way and if he feels like it that is ok - of course people need to be careful taking calls from anybody. Usually you looking for someone to corroborate your sense of things and where that is not the case you are taking a blind risk.
      He can do whatever it likes as long traders don't come writing to me for help - which I have been enjoying peace for quite a while since the constant bombardment of this trader.

      Just kching kching again.....

    • jonahky7

      4,531 posts
    • Quoting jaygee
      or maybe just trade your own system/strategy and leave other traders to theirs. of course you could just spend all of your time here consumed with someone else too. It seems some are bent that way. it is all good here. i think i will spend my time making money as that makes the most sense to me.
      Gloating again after another long awaited miracle for over a month. Just keep quiet with your shoutings. Anyway I ain't bother what u do as long traders don't come write to me. Adios sucker

    • Loadedgun

        2,950 posts
    • When in a trade I used to get irritated by the gyrations because they took time to complete and my objectives attained. Often that led me to quit too early cause I kept seeing turns where there were none. Now I understand that the market will execute a protocol no matter what which is the best indicator of immediate direction and pip distance. This has changed the way I react - instead of out of fear or confusion I simply react to the protocol or its signal. A simple pattern of pivots - but you can only read this if you understood fractals.

    • frx_trader

      928 posts
    • The thing with news is : I don't bother any news, but some news bothers me.

    • Loadedgun

        2,950 posts
    • Quoting frx_trader
      The thing with news is : I don't bother any news, but some news bothers me.
      That means you are not trading now because you have no guidance or what news is defining current direction and for how long?

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      When in a trade I used to get irritated by the gyrations because they took time to complete and my objectives attained. Often that led me to quit too early cause I kept seeing turns where there were none. Now I understand that the market will execute a protocol no matter what which is the best indicator of immediate direction and pip distance. This has changed the way I react - instead of out of fear or confusion I simply react to the protocol or its signal. A simple pattern of pivots - but you can only read this if you understood fractals.
      I call it my ABCD scarry wave, BC is the part that used to freaks me out sometime, but not anymore.

    • frx_trader

      928 posts
    • Quoting Loadedgun
      That means you are not trading now because you have no guidance or what news is defining current direction and for how long?
      LG, What makes you so sure, buddy? I am pretty busy lately that I would like to have more time for trading. But the market is directionless, so I don't think I missed much of the actions.

      Happy New Year to you, mate.

    • frx_trader

      928 posts
    • Quoting jonahky7
      I call it my ABCD scarry wave, BC is the part that used to freaks me out sometime, but not anymore.
      jonahky, Happy new year, mate.

    • Guest

      IP XX.XX.120.225
    • USA debt downgrade must be coming

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • Quoting frx_trader
      The thing with news is : I don't bother any news, but some news bothers me.
      lol

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • when it trades accordingly with the news...there is nothing easier!!..closed all my positions...great day today!

    • jonahky7

      4,531 posts
    • Quoting frx_trader
      jonahky, Happy new year, mate.
      Happy new year to you matey!

    • Loadedgun

        2,950 posts
    • Quoting jonahky7
      I call it my ABCD scarry wave, BC is the part that used to freaks me out sometime, but not anymore.
      If they are the same thing sure why not - not that I recognize them as abc patterns I am speaking more to levels sequenced to define direction I do not really know how else to describe them yet that will make immediate meaning. I call it to myself a pattern of pivots.

    • Loadedgun

        2,950 posts
    • Quoting frx_trader
      LG, What makes you so sure, buddy? I am pretty busy lately that I would like to have more time for trading. But the market is directionless, so I don't think I missed much of the actions.

      Happy New Year to you, mate.
      I have not been shy about what is going on trading wise with me - I am sure even my posts here in this thread alone provides my basis - of course that is if you bother to look at them.

    • Fx Hiflyer
      Fx Hiflyer's Avatar

      323 posts
    • Quoting Loadedgun
      I have not been shy about what is going on trading wise with me - I am sure even my posts here in this thread alone provides my basis - of course that is if you bother to look at them.

      loaded the bug you had mentioned in the 4hr chart always works!!:P.............i'l be the first to enroll in your trading school if you open one :P

    • jonahky7

      4,531 posts
    • Quoting Loadedgun
      If they are the same thing sure why not - not that I recognize them as abc patterns I am speaking more to levels sequenced to define direction I do not really know how else to describe them yet that will make immediate meaning. I call it to myself a pattern of pivots.
      It's the damn Elliot wave, which I have now extended on my EAs to 3-5 waves instead - once it hit BCD region, I take TP stopped trading and wait for next signal down or up.

      A good buddy of mine always says, take the first offer otherwise it may end up in red instead. So I keep my daily TP and off it go. No one gets riches overnight, but it pays to trade wisely. I want to have a good night sleep each day lol.

    • Loadedgun

        2,950 posts
    • Quoting jonahky7
      It's the damn Elliot wave, which I have now extended on my EAs to 3-5 waves instead - once it hit BCD region, I take TP stopped trading and wait for next signal down or up.

      A good buddy of mine always says, take the first offer otherwise it may end up in red instead. So I keep my daily TP and off it go. No one gets riches overnight, but it pays to trade wisely. I want to have a good night sleep each day lol.
      Elliot wave is far too complicated for me but I share your sentiment about taking the first offer just that I then instead of several trades ride one trade for as long as possible. So that is the pattern to which I speak the one that says it is ok for anothe 150 pips or whatever.
    • Jan 3, 2013 9:42am | Edited at 9:57am
    • #81
    • Quote

    • Loadedgun

        2,950 posts
    • So what is the news people what do they say is moving price now and to where? Forexlive has a way of saying nothing - much like football pools and its forecasting methods - you are lucky if it happens and no one is responsible if it does not. I wish that was all I needed to do to make money.
    • Jan 3, 2013 11:25am | Edited at 11:41am
    • #82
    • Quote

    • frx_trader

      928 posts
    • Quoting Loadedgun
      So what is the news people what do they say is moving price now and to where? Forexlive has a way of saying nothing - much like football pools and its forecasting methods - you are lucky if it happens and no one is responsible if it does not. I wish that was all I needed to do to make money.
      I just give my argument once only. News is part of trading. It's not the trading itself. So don't you confuse news with trading.

      Let a day without any news nor data. What happens? It's "blind fold trading", "the blinds lead the blinds", "trading in the dark", etc.

      News and data shed some lights, but they are not the lights themselves. They may lead us in darkness, but not always to where we want. Nor they know our destinations. They may not be the way to our destinations.

      I haven't researched much how news and data shape the market and there may be no prove that they do.

      That's just my opinion without any proves. Feel free to find your own reasons.

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