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  • #1,128,381
  • Aug 16, 2017 2:30pm Aug 16, 2017 2:30pm
Quoting Catch-22
{quote} I did already explain this...
Thank you. I appreciate your time.
I can.I will. End of story.
  • #1,128,382
  • Aug 16, 2017 3:27pm Aug 16, 2017 3:27pm
Quoting ZenNy
yes bears have gained momentum also because prices were too high while at the channel line, now prices are just below the 21 sma and at possible double bottom bull flag with the 9/8 bar. If the flag fails to push the prices up we may see price driving in the direction of the major trend line where prices promptly in the past have found support. Prices now are in a bear channel which is a bull flag. To me is still a bull until that TL is strongly broken and even then a test of the recent high is a strong possibility. Said that...
did not fail.
trading is simple but is simple is not easy.
  • #1,128,383
  • Aug 16, 2017 3:42pm Aug 16, 2017 3:42pm
Quoting denisius
Day started not so good for me. I end up in emergency room. Which I am texting from. As I mentioned earlier 1680 holds like a champ and we back to 1737. Now let see what's all fuss about FOMC. Day closing very important weather we going down or up more. {image}
Get better and go fishing buddy !

Crapping season now I think!
  • #1,128,384
  • Aug 16, 2017 3:45pm Aug 16, 2017 3:45pm
https://www.dailyfx.com/sentiment this will help all traders.
I believe in myself.
  • #1,128,385
  • Aug 16, 2017 4:11pm Aug 16, 2017 4:11pm
1717 was won by the bulls......for now.
trading is simple but is simple is not easy.
  • #1,128,386
  • Aug 16, 2017 4:16pm Aug 16, 2017 4:16pm
Quoting Angelina
{quote} Get better and go fishing buddy ! Crapping season now I think!
what is crapping season?
I can.I will. End of story.
  • #1,128,387
  • Aug 16, 2017 4:20pm Aug 16, 2017 4:20pm
https://www.dailyfx.com/sentiment
Quoting ZenNy
1717 was won by the bulls......for now.
Check market sentiment
I believe in myself.
  • #1,128,388
  • Aug 16, 2017 4:21pm Aug 16, 2017 4:21pm
Quoting falcon72202
{quote} what is crapping season?
crapping season = crap season , choppy market , sideways market
  • #1,128,389
  • Aug 16, 2017 4:23pm Aug 16, 2017 4:23pm
Quoting falcon72202
{quote} what is crapping season?
https://www.dailyfx.com/sentiment
I believe in myself.
  • #1,128,390
  • Aug 16, 2017 4:55pm Aug 16, 2017 4:55pm
Quoting MXT
{quote} crapping season = crap season , choppy market , sideways market
we need to learn to adapt, yesterday was a clear range day....fading the extremes was the right things to do........mostly just shoot from the hips without taking in consideration the present market condition......every market always offers 2/3 high probability trades per day.....if one has the patience to trade them he/she will do just fine.. Capisci?
trading is simple but is simple is not easy.
  • #1,128,391
  • Aug 16, 2017 5:04pm Aug 16, 2017 5:04pm
Quoting ZenNy
{quote} we need to learn to adapt, yesterday was a clear range day....fading the extremes was the right things to do........mostly just shoot from the hips without taking in consideration the present market condition......every market always offers 2/3 high probability trades per day.....if one has the patience to trade them he/she will do just fine.. Capisci?
si sono d'accordo con te , ma sei italiano ?
  • #1,128,392
  • Aug 16, 2017 5:08pm Aug 16, 2017 5:08pm
Cycle looks questionable AGAIN(!) for SHORTS here now... usually can see 0.015 swings at least between each LONG/SHORT cycle. This one still looks like a "LONGER TERM SHORT", but it looks like it has the potential to jump again and basically make for a small loss or no gain. We are technically about 9 days into the first SHORT signal by my SYS...

but yeah, as mentioned would not be surprised to see SHORT get SCREWED again given the current look of the action. Looks like 1.1875 should be SHORT support here overnight - should not go over but who knows with the way it is going. Seems to always hit the worst of the worst for me these past few month(s).
  • #1,128,393
  • Edited 7:57pm Aug 16, 2017 5:28pm | Edited 7:57pm
Quoting MXT
{quote} si sono d'accordo con te , ma sei italiano ?
Io sono uomo di mondo...

Today fading the extremes was the right think to do because it was a clearly range and the initial break out above the range was just a perfect opening reversal...(I did not take the trade because I was waiting for some signal which never arrived, but I did short cable instead, took profit at support and shorted her again at the top)

The day before we had a clear break out and a break out pull back was the right think to do, soon after a pull back of that strong trend at the average was also the right thing to do and later on an H2 (two legs) PB at the average in the same trend was the right thing to do, both with a reversal bar indicating a continuation.

The day before that prices made the high of the day with a reversal opening and never looked back.

Is the market ranging? trending? has a major trend line been broken and prices are going back to revisit for a major reversals?

Those are questions a trader should ask himself. Fading the extremes in a range, entering near the average in a strong trend, break outs with building up, opening reversals: those are the high probability trades.

Do we have the willingness and the tenacity to learn about those conditions and learn how to trade them?

Do we also have the patience to wait for them?

Or do have the urge to take a trade because trading is f@cking addictive?

Market movers companies place the best traders on EU......if we do not get prepared we will not have any chances but only frustrations.

Fai il bravo.
trading is simple but is simple is not easy.
  • #1,128,394
  • Aug 16, 2017 6:26pm Aug 16, 2017 6:26pm
Quoting MXT
{quote} crapping season = crap season , choppy market , sideways market
Thank you.
I can.I will. End of story.
  • #1,128,395
  • Aug 16, 2017 6:34pm Aug 16, 2017 6:34pm
Quoting LordChoice
https://www.dailyfx.com/sentiment{quote} Check market sentiment
This kind of stuff will loose you money

trade the charts , make up your own mind , develop a system that works for you
Blogging daily now at www.volume.zone
  • #1,128,396
  • Aug 16, 2017 6:59pm Aug 16, 2017 6:59pm
Quoting malcolmb14
{quote} This kind of stuff will loose you money trade the charts , make up your own mind , develop a system that works for you
In the spirit of Malcolmb14, how about we all share something that newbies should avoid so they can save some misery.
I would say to a newbie, do not try to trade without good indicators, sometimes these are not available on your phone.
Make a plan, trade the plan.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,128,397
  • Aug 16, 2017 7:30pm Aug 16, 2017 7:30pm
Quoting OhComeOn
{quote} In the spirit of Malcolmb14, how about we all share something that newbies should avoid so they can save some misery. I would say to a newbie, do not try to trade without good indicators, sometimes these are not available on your phone. Make a plan, trade the plan.
Very right,

1. Learn to Trade.
2. Trade to Learn
3. Again Learn to Trade
4. Trade to Learn
5. If you are satisfied with results and risk then Trade to Earn
Holy Grail - Patience and Acceptance
  • #1,128,398
  • Aug 16, 2017 7:42pm Aug 16, 2017 7:42pm
Quoting malcolmb14
{quote} This kind of stuff will loose you money trade the charts , make up your own mind , develop a system that works for you
You and I both know as a trader we must see it form both sides in order to make one good trade at a time.
I believe in myself.
  • #1,128,399
  • Aug 16, 2017 7:44pm Aug 16, 2017 7:44pm
we will see at the end of the week who still has a trading career.
I believe in myself.
  • #1,128,400
  • Aug 16, 2017 7:50pm Aug 16, 2017 7:50pm
As a trader information is a part of your tools, even if you trade off of charts information is what helps make trends.
I believe in myself.
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