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  • #1
  • First Post: Dec 25, 2010 9:23pm Dec 25, 2010 9:23pm
greetings to all traders,,,
nubie permission to create a trading journal,

in this trading journal I will use the system as simple Supply and Demand,

I hope I get advice and criticism from the masters here,,
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only an analysis, and I'm always wrong, don't follow me,
  • #2
  • Dec 26, 2010 5:17pm Dec 26, 2010 5:17pm
good morning every body,,

in this morning, EU look a strong bearish,,
i hope EU go to 1.3000

go go go EU,, continue downtrending,,
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only an analysis, and I'm always wrong, don't follow me,
  • #3
  • Dec 27, 2010 2:56am Dec 27, 2010 2:56am
EU turns to walk in place,,,

What this will continue until the end of the year,,?

anyone know why this happens,?
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only an analysis, and I'm always wrong, don't follow me,
  • #4
  • Dec 27, 2010 4:36pm Dec 27, 2010 4:36pm
Hey Andelumut,
I'm no expert but I'd like to ask a few questions if that's ok. You seem to trade using nothing but support/resistance and trendlines; I'm guessing that's what you mean by supply and demand trading. In this case you seem to have taken a trade at a time when you thought the support line would be broken. Do you take reversals at S/R too?

As for "walking in place" I would guess that this is a result of the holiday. I hope I'm not giving you misinformation here but I believe this occurs as the big time players go on vacation and liquidity dries up. I would imagine that things will be back to normal after New Years at the latest.

Ian
  • #5
  • Dec 27, 2010 6:53pm Dec 27, 2010 6:53pm
Quoting IanMH
Hey Andelumut,
I'm no expert but I'd like to ask a few questions if that's ok. You seem to trade using nothing but support/resistance and trendlines; I'm guessing that's what you mean by supply and demand trading. In this case you seem to have taken a trade at a time when you thought the support line would be broken. Do you take reversals at S/R too?

As for "walking in place" I would guess that this is a result of the holiday. I hope I'm not giving you misinformation here but I believe this occurs as the big time players go on vacation and liquidity...
thank you for your response,

in position, I would tend to take a position when there pullback,,
What do you think this is too risky,,?

I agree with you, if this reversal akbiat from vacation,,

I hope you often visit my journal,,
only an analysis, and I'm always wrong, don't follow me,
  • #6
  • Jan 1, 2011 1:28am Jan 1, 2011 1:28am
Dear All Trader,,

Happy New Years,,,

Happy Holiday All,,
only an analysis, and I'm always wrong, don't follow me,
  • #7
  • Jan 2, 2011 7:32am Jan 2, 2011 7:32am
monday,,, tomorrow already started trading
and analysis already prepared,,

EU hopes to continue falling,
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only an analysis, and I'm always wrong, don't follow me,
  • #8
  • Jan 2, 2011 4:48pm Jan 2, 2011 4:48pm
EU GAP almost 100pips,,
wow,,

current EU resistance touch weekly,
what the EU will continue to be bullish,,
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only an analysis, and I'm always wrong, don't follow me,
  • #9
  • Jan 5, 2011 3:37am Jan 5, 2011 3:37am
I am afraid of trading this week

I'm confused
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only an analysis, and I'm always wrong, don't follow me,
  • #10
  • Jan 5, 2011 4:02am Jan 5, 2011 4:02am
Quoting andelumut
I am afraid of trading this week

I'm confused
Why are you afraid ? Did you lose money recently ?

Why are you confused ? You seemed to have it under control with your supply/demand zones.
  • #11
  • Jan 5, 2011 8:07am Jan 5, 2011 8:07am
Quoting andelumut
I am afraid of trading this week

I'm confused

Then by all means don't trade.

But.....Spend some time with your charts. Draw in support and resistance or fibs. Where would you take a position? Then watch what it does. I will say the rest of the week on NFP week has been tricky for me. The whole world is waiting for that little number on Friday and a lot of what is going on today maybe in light of that number.

Work on your trading plan....Or your money management plan... What could you risk and not be sceptical?

The point is do what it takes to get control of things so you can effortlessly put on a position. Then without apprehension see it go into profit or loss and hit your stop.

It is the job of your trading plan to gather pips. Your job is to execute the plan.

Hope this helps...Be safe

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #12
  • Jan 6, 2011 12:18am Jan 6, 2011 12:18am
Quoting Rufus
Then by all means don't trade.

But.....Spend some time with your charts. Draw in support and resistance or fibs. Where would you take a position? Then watch what it does. I will say the rest of the week on NFP week has been tricky for me. The whole world is waiting for that little number on Friday and a lot of what is going on today maybe in light of that number.

Work on your trading plan....Or your money management plan... What could you risk and not be sceptical?

The point is do what it takes to get control of things so you can effortlessly...
thank for your coming in my jurnal Rufus,,

i have new article for today,,

 

  1. New traders – stay away: Trading during this volatile period is very risky. Take a break and enjoy the weekend.
  2. Action before the release: Strange moves begin in the markets well before the release at 13:30 GMT. This usually reflects the expectations – expectations which aren’t necessarily met, and they can lead to a counter reaction afterwards. Jittery trading intensifies with the release of the Canadian employment figures, an hour and a half before the American ones.
  3. Friday effect: Strong moves in a certain direction – either dollar strength or dollar weakness, can be seen hours after the release, usually in the last hour of the London session – between 16:00 to 17:00 GMT. This is the move that will determine the close of the week, and thus have a real long term effect. This is the full reaction.
  4. Technical barriers can be broken – support and resistance lines, uptrend support or downtrend resistance lines can be breached around the release of the NFP. This is usually only temporary – the graph returns to normal after a while, and these lines are respected again.
  5. Initial reaction is wrong: the initial reaction to the release is in the wrong direction: the knee jerk reaction is usually “normal”: good data yields dollar strength and bad data yields dollar weakness. This is very temporary! We are still in the global crisis, and the risk factor rules. So, minutes after the “normal” reaction, the risk factor kicks in and eventually the opposite happens: good data yields dollar weakness (risk appetite), while bad data yields dollar strength (risk aversion).

only an analysis, and I'm always wrong, don't follow me,
  • #13
  • Jan 6, 2011 1:23am Jan 6, 2011 1:23am
Quoting andelumut
thank for your coming in my jurnal Rufus,,

i have new article for today,,
[list=1][*]New traders – stay away: Trading during this volatile period is very risky. Take a break and enjoy the weekend.[*]Action before the release: Strange moves begin in the markets well before the release at 13:30 GMT. This usually reflects the expectations – expectations which aren’t necessarily met, and they can lead to a counter reaction afterwards. Jittery trading intensifies with the release of the Canadian employment figures, an hour and...

News releases can be tricky...I have not been to successful with them. What I will do with them is watch to see how they are affected by S/D zones. At times the news will make price fly into a zone only to have it reverse. Sometimes I think the only purpose of the News release is to push price into a zone to pick up orders.

Trade safe

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #14
  • Jan 7, 2011 1:00am Jan 7, 2011 1:00am
Quoting Rufus
News releases can be tricky...I have not been to successful with them. What I will do with them is watch to see how they are affected by S/D zones. At times the news will make price fly into a zone only to have it reverse. Sometimes I think the only purpose of the News release is to push price into a zone to pick up orders.

Trade safe

Rufus
nice thought Rufus,,,,

trading with a secure, will better protect capital, rather than just taking profit,
only an analysis, and I'm always wrong, don't follow me,
  • #15
  • Jan 8, 2011 1:25am Jan 8, 2011 1:25am
NFP release the results were surprising,
beyond prediction,,

happy week end,,
only an analysis, and I'm always wrong, don't follow me,
  • #16
  • Jan 9, 2011 6:46pm Jan 9, 2011 6:46pm
okay,,
start trading in monday morning,

in EU has breakout fibo 0%, and this morning EU GAp down,,
what EU go to 1.27 in this week,, ??
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only an analysis, and I'm always wrong, don't follow me,
  • #17
  • Jan 15, 2011 12:53am Jan 15, 2011 12:53am
increase in the EU, asked me to create a new line of SNR,,

This week the EU rose without down a bit, but the EU is not able to get through 1.34 **,
if tomorrow monday the EU still can not pass ** 1.34, maybe I'll OP SELL,
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only an analysis, and I'm always wrong, don't follow me,
  • #18
  • Jan 15, 2011 1:23am Jan 15, 2011 1:23am
Quoting andelumut
increase in the EU, asked me to create a new line of SNR,,

This week the EU rose without down a bit, but the EU is not able to get through 1.34 **,
if tomorrow monday the EU still can not pass ** 1.34, maybe I'll OP SELL,
That is the million pip question.. We just play it as we see it.

But if I had to make a guess....I think we will see more dollar weakness. That supply level has been hit 4 times. How much supply is left? The dollar index is showing weakness as well.

I am going to wait and see what the big banks may have in mind. It may be an interesting week.

Hopefully I will be able to get in some quality trading time next week. I had been way to busy these past two weeks.

Talk to you latter

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #19
  • Jan 17, 2011 2:06am Jan 17, 2011 2:06am
Quoting Rufus
That is the million pip question.. We just play it as we see it.

But if I had to make a guess....I think we will see more dollar weakness. That supply level has been hit 4 times. How much supply is left? The dollar index is showing weakness as well.

I am going to wait and see what the big banks may have in mind. It may be an interesting week.

Hopefully I will be able to get in some quality trading time next week. I had been way to busy these past two weeks.

Talk to you latter

Rufus
thanks for the advice and direction Rufus,,

what this week will also be a busy week for your reply,,?

hopefully all of your business well done,
only an analysis, and I'm always wrong, don't follow me,
  • #20
  • Jan 18, 2011 7:24am Jan 18, 2011 7:24am
to daya for EU,,
if EU breakout this support, 1.4** coming soon for EU,,
if EU can't breakout this support,, may be EU pull back to 1.31**

just analys,
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only an analysis, and I'm always wrong, don't follow me,
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