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  • #17,101
  • Apr 10, 2018 8:30am Apr 10, 2018 8:30am
EU at weekly R2 (=R61) now. Closed my EU longs here and watch out for possible short entry.
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  • #17,102
  • Apr 10, 2018 8:50am Apr 10, 2018 8:50am
Good Morning guys

I had a PM a guy asking me to help him to trade successfully...

He is not seeing the elephant in the room!
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In trading, you have to be defensive and aggressive at the same time
  • #17,103
  • Apr 10, 2018 9:19am Apr 10, 2018 9:19am
Hello traders,

 

  1. my post from 4 April still valid, nothing has changed
  2. tanking day by day on EA (dancing right now nicely), selling rallies
  3. NU still on watchlist, nice confluences there, waiting for PA
  4. added on watchlist USDCAD

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Cheers
  • #17,104
  • Apr 10, 2018 9:22am Apr 10, 2018 9:22am
Quoting Recruit
Hello traders, my post from 4 April still valid, nothing has changed tanking day by day on EA (dancing right now nicely), selling rallies NU still on watchlist, nice confluences there, waiting for PA added on watchlist USDCAD {image} {image} Cheers
lots of majors on fridges of key pivots now
In trading, you have to be defensive and aggressive at the same time
  • #17,105
  • Apr 10, 2018 9:54am Apr 10, 2018 9:54am
What is frustrating me that I have provided vast resources on this thread about improving one's trading and yet I get spoon feeders,lazy assholes bombarding me with PM's like they paid for my services and I own them my time!
The brain dead attitude perhaps one of the reasons why people fail in trading because lets be honest not everyone has what it takes!
This is a tough occupation that one acquires set of skills and there IS NO SHORTCUTS!
I asked people to post their calendar events here and only 2 people did it.There you go easy come easy go and nothing accomplished.
In trading, you have to be defensive and aggressive at the same time
  • #17,106
  • Apr 10, 2018 10:20am Apr 10, 2018 10:20am
I understand your frustration, I would post mine, but fundamentals are something I have not properly looked at yet, and I don't want to confuse anyone with incorrect analysis. Thankfully your system has brought them into my trading a bit more, and seeing price move after data is a new window opened for me.

I am still reading through your thread, ~600 pages to go.....slowly but surely .
Your work is appreciated!
  • #17,107
  • Apr 10, 2018 10:23am Apr 10, 2018 10:23am
Quoting Davit
What is frustrating me that I have provided vast resources on this thread about improving one's trading and yet I get spoon feeders,lazy assholes bombarding me with PM's like they paid for my services and I own them my time! The brain dead attitude perhaps one of the reasons why people fail in trading because lets be honest not everyone has what it takes! This is a tough occupation that one acquires set of skills and there IS NO SHORTCUTS! I asked people to post their calendar events here and only 2 people did it.There you go easy come easy go and...
Davit, you an accomplished a lot with this thread and have helped a lot of traders. as far as the spoon feeders, lazy assholes go you cant fix stupid
  • #17,108
  • Apr 10, 2018 10:32am Apr 10, 2018 10:32am
Quoting Davit
What is frustrating me that I have provided vast resources on this thread about improving one's trading and yet I get spoon feeders,lazy assholes bombarding me with PM's like they paid for my services and I own them my time! The brain dead attitude perhaps one of the reasons why people fail in trading because lets be honest not everyone has what it takes! This is a tough occupation that one acquires set of skills and there IS NO SHORTCUTS! I asked people to post their calendar events here and only 2 people did it.There you go easy come easy go and...
Sorry I don't add the fundamentals to this thread. I have FF fundies page open at all times so I can just toggle between pages when I need to. I keep that page open plus this thread open and pinned to Google.On my other monitor is my MT4.
  • #17,109
  • Apr 10, 2018 10:34am Apr 10, 2018 10:34am
news for Wednesday,
WedApr 110:00AUD
RBA Gov Lowe Speaks
3:00EUR
Italian Retail Sales m/m
0.3%-0.5%3:30GBP
Manufacturing Production m/m
0.2%0.1%GBP
Goods Trade Balance
-12.0B-12.3BGBP
Construction Output m/m
0.7%-3.4%GBP
Industrial Production m/m
0.4%1.3%TentativeEUR
German 30-y Bond Auction
1.27|1.16:00EUR
ECB President Draghi Speaks
TentativeGBP
NIESR GDP Estimate
0.3%7:30USD
CPI m/m
0.0%0.2%USD
Core CPI m/m
0.2%0.2%9:30USD
Crude Oil Inventories
-0.6M-4.6M12:01USD
10-y Bond Auction
2.89|2.513:00USD
FOMC Meeting Minutes
USD
Federal Budget Balance
-191.0B-215.2B18:00NZD
RBNZ Assist Gov McDermott Speaks
18:01GBP
RICS House Price Balance
2%0%18:50JPY
M2 Money Stock y/y
3.2%3.3%19:30JPY
BOJ Gov Kuroda Speaks
20:00AUD
MI Inflation Expectations
3.7%20:30AUD
Home Loans m/m
-0.3%-1.1%12th-17thCNY
Foreign Direct Investment ytd/y
0.5%22:45JPY
30-y Bond Auction
0.75|4.2
  • #17,110
  • Apr 10, 2018 10:42am Apr 10, 2018 10:42am
Quoting Davit
What is frustrating me that I have provided vast resources on this thread about improving one's trading and yet I get spoon feeders,lazy assholes bombarding me with PM's like they paid for my services and I own them my time! The brain dead attitude perhaps one of the reasons why people fail in trading because lets be honest not everyone has what it takes! This is a tough occupation that one acquires set of skills and there IS NO SHORTCUTS! I asked people to post their calendar events here and only 2 people did it.There you go easy come easy go and...
I feel your pain, I often get some random "You are good-help me tradez pivots".
Even better are the ones that are banned by you, wanting me to plead on their behalf to get unbanned.

¯\_(ツ)_/¯
Trade with confidence, trade without fear.
  • #17,111
  • Apr 10, 2018 10:50am Apr 10, 2018 10:50am
Hi Davit,

please see below my thoughts for this week. I will post from now on every week. Got hit by the strength in commodities so my USDCAD long position and NZDUSD short position is not looking good. :-( Lets see how things develop

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Wednesday:
AUD: RBA Gov Lowe speaks...not sure if the speech includes monetary policy. Again do not expect much because we recently just had AU policy results. Probably more of the same unless he brings timeline of rate hike forward. If he starts mentioning rate cuts then AUD will weaken as they have not spoken about it for months

GBP : Manufacturing PPI > depite being a red event...I do not foresee major impact. Manufacturing is a small contributor to the UK economy and has less impact on inflation

USD: CPI > as mentioned can be a good impact for USD strength if we see a strong deviation. Probably the biggest event this week to me

USD: Oil Inventories :To me not a big driver at the moment as oil prices have increased significantly and thus it is not so important as it used to be

USD: FOMC Meeting Minutes ....as it is just the minutes and not an actual meeting. Will surely bring some volatility but ultimately not a driver. However if there is any news about supporting a 4th rate hike then we can see a strong move into the USD

Thursday:

JPY: Kuroda speaking...not sure what to say about this muppet..Every day this guy speaks and every day it is the same. There is no reason to change its stance..they are way off their 2% inflation target. Unless he comes up with an aggressive easing policy (printing printing printing)

EUR: ECB meeting minutes...As FOMC meeting minutes..no big surprise for me expected. However if we see a suprise like giving us an end to QE or extension of QE program

GBP: Carney speech....not sure if he touches on Monetary policy. Rate hike is already priced in so not sure if there is a move that strengthens the GBP. I believe the risk is in the downside..if he gives a dovish tone.
  • #17,112
  • Apr 10, 2018 10:53am Apr 10, 2018 10:53am
Closed my GA +2622nice gain
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In trading, you have to be defensive and aggressive at the same time
  • #17,113
  • Apr 10, 2018 10:54am Apr 10, 2018 10:54am
AU at weekly R3 now (=R100). If price will be rejected from this line I will jump in for a short.
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  • #17,114
  • Apr 10, 2018 10:58am Apr 10, 2018 10:58am
GA is ranging if price goes above 8350 I most likely will go at it again.
Why only sell and no buy? I only trade towards most likely break out direction when range trading.
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In trading, you have to be defensive and aggressive at the same time
  • #17,115
  • Apr 10, 2018 11:04am Apr 10, 2018 11:04am
reaching exhaustion here...
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In trading, you have to be defensive and aggressive at the same time
  • #17,116
  • Apr 10, 2018 11:33am Apr 10, 2018 11:33am
There is no shame in being a silent reader of this thread. Observe, implement and repeat. If you are not aware (haven't read) FF Trader Code of Conduct (9 points) how can one expect that you have read the 1st page of this thread and follow up questions from other members of this thread.

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Best regards
  • #17,117
  • Apr 10, 2018 1:12pm Apr 10, 2018 1:12pm
Hi Davit. How are you?

I have found your thread a few days ago and I am really enjoying it. I am currently reading page 18, so I have a lot to read yet. Its amazing that the thread is still active today.

I have a question for you:

What do you think of using Flying Buddhas for entries near pivots?

Thanks a lot for sharing the way you trade.

Kind regards,

Marcos

P.D. here is a trade I took in EURAUD yesterday from R38. Still could have let it run much more.

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  • #17,118
  • Apr 10, 2018 1:35pm Apr 10, 2018 1:35pm
Quoting Davit
Closed my GA +2622nice gain {image} {image}
Beatiful
  • #17,119
  • Apr 10, 2018 3:05pm Apr 10, 2018 3:05pm
Quoting Frushe
Hi Davit. How are you? I have found your thread a few days ago and I am really enjoying it. I am currently reading page 18, so I have a lot to read yet. Its amazing that the thread is still active today. I have a question for you: What do you think of using Flying Buddhas for entries near pivots? Thanks a lot for sharing the way you trade. Kind regards, Marcos P.D. here is a trade I took in EURAUD yesterday from R38. Still could have let it run much more. {image}
You have barely ready a few pages of the thread and are already making suggestions how to improve this method? ... and with a technique using 2 moving averages as well ... Wow!

I sense a ban hammer incoming ...
  • #17,120
  • Edited 4:00pm Apr 10, 2018 3:35pm | Edited 4:00pm
Quoting Nostromo
{quote} You have barely ready a few pages of the thread and are already making suggestions how to improve this method? ... and with a technique using 2 moving averages as well ... Wow! I sense a ban hammer incoming ...
Sorry, but WTF are you saying? In no way that is what I meant. My question is respectfully for davit alone. Why would you be so passive aggressive?
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