bottom 5min candle for the day
Attached Image
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedLikewise, break through my lines and head up or reverse off them, find out soon.Ignored
DislikedI already have my own expectations, I'm asking if you think the trend is up or down?
I'll give you the answer... it's both. It depends which trend you're looking at, as there are always up and down trends at play.
Incidentally, a consequence of this is that while you are saying that someone is "chasing the market", they could quite possibly just be playing the trend that you are not playing. In which case they are not "chasing the market" but in fact following it, and you would be the one chasing the market.
So you see, this is why it...Ignored
DislikedDollar-Swiss has continued to rise during the day and now trades above 1.1450. As such there are good chances of a further rise towards 1.1526 (projected Max High for the Day), which may later extend towards 1.1580.
It is imporant to remember that the 200-day MA (1.1294 currently) has been providing good Support over the last month or so. If this Support continues to hold over the coming days, and the market manages to rise past 1.1580, then stronger gains towards 1.19 might unfold.Ignored
DislikedI already have my own expectations, I'm asking if you think the trend is up or down?
I'll give you the answer... it's both. It depends which trend you're looking at, as there are always up and down trends at play.
Incidentally, a consequence of this is that while you are saying that someone is "chasing the market", they could quite possibly just be playing the trend that you are not playing. In which case they are not "chasing the market" but in fact following it, and you would be the one chasing the market.
So you see, this is why it...Ignored
Disliked
damn man stop the begging and learn to read CHARTS and candlesticks
the all in long was not meant to be a trade to take, it was meant to be sarcastic for this person that begs all the timeIgnored
DislikedDon't want to be an a-hole, but it's a complete waste of time. Not only is the same asking over and over again but it's also complete lack of response to any suggestions about learning by himself, it's like talking to a cactus.Ignored
DislikedDon't want to be an a-hole, but it's a complete waste of time. Not only is the same asking over and over again but it's also complete lack of response to any suggestions about learning by himself, it's like talking to a cactus.Ignored
Dislikedyou may trade at 50/50 but those odds are way to small for me and if I had that attitude then I would get a day job and stop trading all together.
I dont chase the market and my % sits above 83% avarage over the last 6 yrs live so you continue to believe all that nonesense you posted. this is my living not my hobby and I too once thought just like you to justify my trading the wrong direction and having no idea where it was really going and "averaging" in as you call it.
the market tells you its direction and yes if you have to average in...Ignored
Dislikedwell at least he now has some tools to use if he will look and learn themIgnored
DislikedI'm sorry but if you think you can call the direction of the price and have it be anything other than a 50/50 chance of being right then you have some learning to do. That is just a natural fact, at any given time the price will either go up or down, and the odds are ALWAYS 50/50 of which way it will go, there's nothing mystical about that.
Ignored
DislikedThis thankfully is wrong, or we'd all be chasing our tales and going no where, well slightly down due to the spread.
The market has momentum, people selling will create more people selling until something changes.
Just pull up a Euro M1 chart, slap a 20SMA on it, real basic thats all you need to see the current direction you coulda gotten all of that down side, with the nuts to jump in to a existing trend without worrying about it reversing on you ( This is what I'm building upto )Ignored
DislikedThe fact that price will either go up or down and there is a 50/50 chance of that happening at any given time - that is purely a factual/mathematical statement and is not arguable.
You are adding in that you can increase your chances of being right more than being wrong which I agree is quite possible and yes you are also right that you can use certain things to create that edge. And here you have what trading is all about.Ignored
DislikedI hate to say things like...
I told you so...
After reading this thread again this morning it bewilders me the lack of knowledge many of you have before putting good money to work.
mIgnored