Disliked{quote} Subscribed as I like your way of thinking and your bio What is your avatar? It sort of reminds me of an abstract vagina...Ignored
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Trading the magic lines 30 replies
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Disliked{quote} Subscribed as I like your way of thinking and your bio What is your avatar? It sort of reminds me of an abstract vagina...Ignored
Disliked{quote} Is the EUR going down because of the slope? Something to think about yaed. RgdsIgnored
Disliked{quote} I think it's going down because of ECB rhetoric since May and the threat of QE? Also $ seems to be on a roll only to get pulled back when the S&P has a 'breather' Please post more, your posts echo of wisdomIgnored
DislikedEU 1.1888 is a good line - defo support down here. Will it hold?Ignored
Disliked{quote} Is the EUR going down because of the slope? Something to think about yaed. RgdsIgnored
DislikedYaed, I see you're putting much effort into explaining your thought process. IMHO some of it makes much sense to me, and some does not. This is not in any way, a negative comment. I'm just a simple trader.Ignored
DislikedI see a line (s/r) or a zone (supply/demand) and I observe price action. In some cases I use these areas to remove a trade in profit, or (less often) I like to take a new trade based on the potential reversal. If a reversal is what I'm anticipating then I never use more than a 15 pip (1/2 of 1%) stop. I can be wrong many times without hurting my account. Also if it does move in my favor, price need not move too far in order for me to be in nice profit percent wise. In this example of EurJpy, I bought at Daily level after price (Last tall green bar...Ignored
Disliked{quote} Well the slope is the defenition of the "going down". To me there is no "because of" when it comes to politics, im not a fundamentals person. I am satisfied with "because of" being a matter of lots traded. Then the question is why that many lots and why at this or that time. I guess its a matter of the hen and the egg, which one is first: Is it going down because of the slope or is the slope created because its going down? Well most probably the hen evolved from a less complex life form. And perhaps price did as well: The lots traded. To...Ignored
QuoteDislikedIs it going down because of the slope or is the slope created because its going down?
DislikedTrend - time = ? Right now i am maybe sort of working on a way to define trend without using time, or at least without using time in its general expression.Ignored
DislikedBig picture {image} Also, while im at it, the idea coming from Acetraders statement: All these varied words and defenitions: "Supply and demand", "Orderflow", "Support and resistance", "Price action", "Trend" and what ever, they all signify the same thing: Price and its history. The words and the defenitions are not important themselves. What works doesnt really need a name. What doesnt work dont need a name either. Thats just my two cnts, im not trying to convince anybody. Everybody has their own take on things and use the words they see fit to...Ignored
DislikedYaed, I see you're putting much effort into explaining your thought process. IMHO some of it makes much sense to me, and some does not. This is not in any way, a negative comment. I'm just a simple trader. I see a line (s/r) or a zone (supply/demand) and I observe price action. In some cases I use these areas to remove a trade in profit, or (less often) I like to take a new trade based on the potential reversal. If a reversal is what I'm anticipating then I never use more than a 15 pip (1/2 of 1%) stop. I can be wrong many times without hurting...Ignored
Disliked{quote} Your argument is, that it's going down because it's sloping down.Euro has moved from a 1.3993 to a 1.1867 because of the slope? That is illogical.Ignored