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- ali_baba replied Jan 28, 2012
im sorry if i wasnt clear - im looking at the daily chart not the one hour chart- Also I didnt say that a cross over has formed already - all im saying is that it is a very reliable signal when it does form and is something im keen to wait for.
- ali_baba replied Jan 28, 2012
Hey there guys, hope everyone is having a great weekend - its been a relatively bad trading week for me. kept my sell positions open despite the fact that my analysis had suggested the beginning of a bullish reversal. Anyway - no point crying over ...
- ali_baba replied Jan 23, 2012
still short - this one is hurting
- ali_baba replied Jan 23, 2012
im with you bro - lets push this baby south
- ali_baba replied Jan 23, 2012
Direction: Medium Buy technical indicator review - based on 4 hours charts RSI - 61 (I know this is high but I believe there is still some bullish momentum in the market - potentially on the back of what may be agreed today by finance ministers) ...
- ali_baba replied Jan 22, 2012
looks like the euro is probably going to continue its descent this week - the talks in greece broke down over the weekend. the increasing price of oil also poses a massive threat to the greek economy as they are very reliant on low oil prices. ...
- ali_baba replied Jan 20, 2012
thank you my friend - that is very kind of you - im still a newbie - so please take everything i say with a tonne of salt - but im trying
- ali_baba replied Jan 20, 2012
just had another look at my charts - i remain bullish short term - but bearish overall reasons - feel free to challenge 1. technical indicators i. RSI - 1 hour - 45.0 - neutral - no clear signal ii. Stochastic - 44 - again no clear signal has been ...
- ali_baba replied Jan 20, 2012
i feel your pain Happytrader - i think its a problem which affects very many traders. i really think that its wired into a psychological thing, I usually enter into a trade and go up e.g. 15 pips then one minute later I see that this reduced to just ...
- ali_baba replied Jan 20, 2012
im asking because i wanted to know how long it takes on average to become a good trader. Maxdoom he has helped me in the past and seems to know what hes talking about Im not all that bothered if you dont answer Nachiket - it seems strange that ...
- ali_baba replied Jan 20, 2012
how long has everyone been trading? maxdoom ?
- ali_baba replied Jan 20, 2012
you raise a good point - i would say that what you highlighted are more specific principles. i think of it in the following terms five principles = statute - they represent the enshrined rules that i adhere too always (or at least try too) entry, ...
- ali_baba replied Jan 20, 2012
imo this may just be a bullish pennant. i feel the market will climb higher especially if the greek psi is agreed this week/end. would feel uncomfortable taking out a position at this point in time. I have decided that im going to stick to my rules ...
- ali_baba replied Jan 20, 2012
that was me I said "im quite sceptical that this is the beginning of a bearish correction after three solid days of bullish activity. I have noticed that the market always moves down sharply just before the London open - only to make it all back ...
- ali_baba replied Jan 20, 2012
Im getting to the stage where I dont even care about the money (that being said thats not to say I enjoy losing money) - I just want to be the best and most disciplined trader that I can be.
- ali_baba replied Jan 20, 2012
I do like the way you trade Johnny - big balls bro good luck
- ali_baba replied Jan 20, 2012
im quite sceptical that this is the beginning of a bearish correction after three solid days of bullish activity. I have noticed that the market always moves down sharply just before the London open - only to make it all back relatively quickly. ...
- ali_baba replied Jan 19, 2012
sold at 12938 and 12926 this was the price I was waiting for all day - i found today quite tough - i feel very tense - as if there can be a free fall collapse at any moment - maybe im the only who feels like this in terms of technical analysis 1. ...
- ali_baba replied Jan 19, 2012
kudos — completely agree with this - I am very grateful for all your advice. lets all do our bit to restore this thread to its former glory. at the end of the day we are all in it together (retail investors) vs. banks / institutions, so it ...
- ali_baba replied Jan 19, 2012
fingers are pushing me into a short - but i still think its too early - the break hasnt been convincing enough - im pretty sure we are headed north once again - i think the US markets didnt expect such a strong rally from the london session and were ...