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- techtrader10 replied Oct 27, 2008
It seems to me you answered your own question. You must stop letting your emotions get in the way of your trading. If you let your emotions override your brain then your second year won't be much better. Never trade for no reason, that is gambling. ...
- techtrader10 replied Sep 17, 2008
The statement only shows bad trades the person made not why it went bad. A reason for a trade going bad would be bad placement of the trade. For example placing a trade near support, central Banks place buys below these points and sells above ...
- techtrader10 replied Sep 17, 2008
I'm not here to criticize your technique, that's not my job. I'm saying not to condemn indicators or people who use them. They serve the purpose they were intended to if people use them wrong then it is not the indicators fault. I too am consistent ...
- techtrader10 replied Sep 17, 2008
This is the reason why I don't post much anymore. People are so quick to tell everyone else they are wrong but when called out on it they use "it's not about my trading." Well, I hate to say it but it is. There are too many here that think they have ...
- techtrader10 replied Sep 17, 2008
I must agree wholeheartedly. Pivot Points are very important to use. Floor traders from years back used to write on the back of their trading cards what the PP was so they had a quick reference as to when to get in and out. The higher the time frame ...
- techtrader10 replied Jun 8, 2008
Looks like your indicator works well. I'll also give it a shot. Thanks for posting it.
- techtrader10 replied May 22, 2008
There are many different ways to figure s&r. Some people use TLs and some use PPs. I use both, personally. This is how I use them 1) Trendlines and Channels: used on the 4hr,1hr,15 min. I set up one of my charts for trendlines only. I color code ...
- techtrader10 replied May 22, 2008
Bad day made good, thank God.... — Today, I got stopped out on the Aussie on my first trade. I didn't know it until later but the Japanese Government shifted money out of the markets and bonds to put it into stocks. It seems the Nikkie dropped ...
- techtrader10 replied May 19, 2008
I put in the cci indicator in awhile back and have just started using it. Can anyone tell me what the thin white and yellow bars in the histogram mean? It works well with my stochs for divergence, I'd just like to know what the rest of the indicator ...
- techtrader10 replied May 15, 2008
In checking out which pair I was going to work with I checked out what the analysts were saying. Because today is the release of the TIC data, I checked out the following video from PFXGlobal http://www.pfxglobal.com/video-archi...-analysis.html . ...
- techtrader10 replied May 13, 2008
I thank you for clearing that up for me. You have given me some food for thought here and I'll be taking some time to digest it. I admit I tend to rely mostly on my indicators and less time on my trendlines and the fair market value. I have looked ...
- techtrader10 replied May 12, 2008
Hello Effi Very good information especially in this case from the interest rate point of view but countertrend trading is quite risky. This is a textbook example of S&R. In this example resistance was not reached. In this case going with the trend ...
- techtrader10 replied May 11, 2008
I know what you mean, I've been staying out until the dust clears. With the bad news out of Europe and the pound in the same boat as the Dollar, there have been some unexpected moves. I find that when things don't make sense it's best to sit it out ...
- techtrader10 replied May 7, 2008
No problem, you use metatrader platform. On a chart you want to post right click the chart and goto "save as picture". give it a name and save to your documents. when you go to post here go down below to where it says "manage attachments" and click ...
- techtrader10 replied May 7, 2008
Hey that's ok. Let me suggest this for you, when looking at those charts, the only thing you want to see is where the price is at compaired to the lines in the range of the previous candle. Then think of those lines as trouble areas. That should cut ...
- techtrader10 replied May 6, 2008
Which lines are you talking about and what charts? I'm not sure what your looking at. 103 area? do you mean 1.9103? If so I don't look that far ahead, that's for carry traders. As far as what I'm looking at on the charts is market sentiment and ...
- techtrader10 replied May 6, 2008
the result to my last post... — Here you can see what the results were. As the charts earlier showed there was a bias to the downside and the price going below the pivot would be the time to take a short position as chart 19 shows. If you look ...
- techtrader10 replied May 6, 2008
The following charts were taken before the London open. Chart 16 is the 15 min., chart 17 is the 4hr, and chart 18 is the daily. In each one the market sentiment is bearish. So here a short position would be in order and an entry sought.
- techtrader10 replied May 5, 2008
Good point. Also there was divergence which helped. Thanks for pointing that out.
- techtrader10 replied May 5, 2008
Actually I got in before the cross in this case. Due to the fact that the price action was strong to the downside and the cross was not far off I jumped on the short with a high probability it would continue. My target was S1 but after a few hours ...