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  • #1,130,321
  • Aug 26, 2017 8:28pm Aug 26, 2017 8:28pm
Quoting arjang
{quote} I very well remember that day! what a day!!
And like a lot of other people, that gap caused me ALL KINDS of problems. Because I immediately went short, assuming the gap would quickly fill. Nope... well, let's short again. Nope. Maybe NOW? Nope! Oh my god!...
  • #1,130,322
  • Edited 8:50pm Aug 26, 2017 8:38pm | Edited 8:50pm
Quoting dogdays713
{quote} the cot delays the release of that report so by the time you read it they are going short or vice versa. I have seen that report be wrong as many time as right.
I understand that. fact is that on long term it gives you information about market sentiment and in this particular case for months investors are buying EUR...it will take time to switch from long to short...as of now there are no conditions for it yet...besides, market makers have financial and human resources to be informed about everything on time. that was point of my respond to another poster.
I can.I will. End of story.
  • #1,130,323
  • Aug 26, 2017 8:43pm Aug 26, 2017 8:43pm
Quoting Ratmach
{quote} And like a lot of other people, that gap caused me ALL KINDS of problems. Because I immediately went short, assuming the gap would quickly fill. Nope... well, let's short again. Nope. Maybe NOW? Nope! Oh my god!...
nope! no buddy! not that gap. sorry for your short...
  • #1,130,324
  • Aug 26, 2017 8:51pm Aug 26, 2017 8:51pm
Quoting falcon72202
{quote} I understand that. fact is that on long term it gives you information about market sentiment and in this particular case for months investors are buying EUR...it will take time to switch from long to short...as of now there are no conditions for it yet. that was point of my respond to another poster.
ok cool.
  • #1,130,325
  • Aug 26, 2017 9:04pm Aug 26, 2017 9:04pm
Quoting arjang
{quote} nope! no buddy! not that gap. sorry for your short...
  • #1,130,326
  • Aug 26, 2017 9:11pm Aug 26, 2017 9:11pm
Quoting Ratmach
{quote} Hey, I really appreciate it. Thanks. And regarding that quote above, you're exactly right... and it's even worse than that. If I have an underwater trade in one pair, I HATE to take a trade going the opposite direction in a different pair that's usually correlated with the pair in the first trade. For instance, if I'm short NZD but it's been going up instead, it would make sense to go long in AUD (all other things being equal). But I'd have a real problem (psychologically) going long AUD, and so hoping it goes higher... when I know that...
No problema mate.

I can talk about it because I have been there before myself.

Remember great traders are just a few and they make themselves, they are not born. I know a trader which I admire a lot........ he took him not less than 10 years of constantly trying to become consistently profitable.

Individuals have psychological patterns imprinted in their makeup which do not go hand in hand with the markets.

Markets are fluid, emotionless, not ego and do not hold absolute trusts.

Individual needs to change their psychological patterns to be able to dance with the market.

First step is to recognized them as you did then you need to change them which is not easy..... because in a moment of weakness or doubt they will come back to surface, their identity is based on those past patterns.

Honesty is also a prerogative of a great trader which seem you do not lack of.

Changing psychological patterns will not be enough, a trader need to also understand and learn the patterns inside that fluidity to explore repetitions to gain an edge in the proper market conditions. To do so we need to work hard constantly during and after our session to maintain that hedge over this constant fluidity of the market.

You follow your heart son and you will be fine.
trading is simple but is simple is not easy.
  • #1,130,327
  • Aug 26, 2017 9:14pm Aug 26, 2017 9:14pm
Quoting dogdays713
{quote} the cot delays the release of that report so by the time you read it they are going short or vice versa. I have seen that report be wrong as many time as right.
Right. In these days of fastest computers, why the reports like COT are not uptodate to the minute? In stock market short interest reports are so outdated that they are there just to misguide small investor. Why short interest in a stock could not be live just like stock price? If they want to do it there is no technical barrier.But then small and smart investors can make money which is not a good idea in eyes of vested interests. All the rules and systems are designed to take money from small investors no matter which instrument. And it is never going change.
  • #1,130,328
  • Aug 26, 2017 10:03pm Aug 26, 2017 10:03pm
Quoting Ratmach
{quote} Thanks, a lot of food for thought there. And I'll have to go back to check to be sure, but I think you're right about the times that are good to me and those that aren't. The more "boring" times are generally better considering all I care about is small moves over short periods of time. Sometimes I'm happy with 3 or 4 pips. Of course during more volatile times it's nice when it jumps 10 or 15 pips in my favor in a minute's time... but it's NOT so nice when it does the opposite.
Sorry didnt mean to inundate you with a bunch of data lol,,,,,, I use a stoch for a bit of a momentum ind at times but as you can see the 5 min stoch didnt really do anything different on a move that was 3 times bigger than than the previous swing it made hence the mention of taking a gander at a longer term chart a few times a day even when scalping,,,,,,,, Im no charting guru by any means but some of the ole patterns work just as good today as they ever have when you can pick out a level to use them on .................. Im just a simple farmer so any one can figure this out more times than not and thats all you need ,,,,,,more times than not( and get out when the mkt says your wrong as soon as you can hit the button) .................. A few charts for you to gander at that pretty much show what I was doing Friday and where and why and then the attitude ya need ,,,,,,,,,, dukes up bud mkt will be open soon
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  • #1,130,329
  • Aug 26, 2017 11:07pm Aug 26, 2017 11:07pm
Quoting digger1
{quote} Sorry didnt mean to inundate you with a bunch of data lol,,,,,, I use a stoch for a bit of a momentum ind at times but as you can see the 5 min stoch didnt really do anything different on a move that was 3 times bigger than than the previous swing it made hence the mention of taking a gander at a longer term chart a few times a day even when scalping,,,,,,,, Im no charting guru by any means but some of the ole patterns work just as good today as they ever have when you can pick out a level to use them on .................. Im just a simple...
Hey, thanks for the charts and the notations... I'll check 'em out. I'll admit I don't usually pay as much attention to longer-term charts (above 15 minutes actually) as I should. I realize I should at least check 1H and 4H, if nothing else.

And about this: "I'm just a simple farmer" Yeah, right! Some of the smartest and most common-sense people I've known are farmers.

Oh, and I love that picture. Here's a video of Mr Frog after he escaped from his ordeal... just kicking back, relaxing.

Inserted Video
  • #1,130,330
  • Aug 26, 2017 11:50pm Aug 26, 2017 11:50pm
Quoting falcon72202
{quote} I understand that. fact is that on long term it gives you information about market sentiment and in this particular case for months investors are buying EUR...it will take time to switch from long to short...as of now there are no conditions for it yet...besides, market makers have financial and human resources to be informed about everything on time. that was point of my respond to another poster.
Hi. I want to point at something in that article. I could well have misunderstood something, but the investors, they are talking about, are industry and company business investors, not speculative investors in the forex and the stock market. I think this makes a big difference about how this story should be discussed.

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,130,331
  • Aug 27, 2017 1:05am Aug 27, 2017 1:05am
Quoting ZenNy
{quote} No problema mate. I can talk about it because I have been there before myself. Remember great traders are just a few and they make themselves, they are not born. I know a trader which I admire a lot........ he took him not less than 10 years of constantly trying to become consistently profitable. Individuals have psychological patterns imprinted in their makeup which do not go hand in hand with the markets. Markets are fluid, emotionless, not ego and do not hold absolute trusts. Individual needs to change their psychological patterns to...
Good One.
Holy Grail - Patience and Acceptance
  • #1,130,332
  • Aug 27, 2017 7:08am Aug 27, 2017 7:08am
For this reply you could just click on icon "like".

Quoting bluesoul
{quote} Good One.
it looks like you (... and some others...) just collect number of post.
I can.I will. End of story.
  • #1,130,333
  • Aug 27, 2017 7:55am Aug 27, 2017 7:55am
Hello hello!

Wonderful day, did anyone watch the fight? Was a good one...finally a pay per view event worth the money!
  • #1,130,334
  • Aug 27, 2017 11:19am Aug 27, 2017 11:19am
Quoting sakisf
{quote} No, you won't get lower with commissions. They will offer 0.1 in EU but the rest could be much higher than you get at your current broker. Check fxflat (DE) for lower spreads but their leverage is at 200:1 (100:1 at weekends) instead of 400:1 which you get at the avg UK broker.
yeah i see. the thing is i get absolutely raped on spreads all the time costing me a fortune, im wondering if i had lower spreads and paid commission whether it would work out better...

however, i like Spreadbetting accounts not forex, so for now i will probably have to stick
  • #1,130,335
  • Aug 27, 2017 11:25am Aug 27, 2017 11:25am
Quoting Don96
{quote} yeah i see. the thing is i get absolutely raped on spreads all the time costing me a fortune, im wondering if i had lower spreads and paid commission whether it would work out better... however, i like Spreadbetting accounts not forex, so for now i will probably have to stick
Lol if you're confident in a trade then you shouldn't care about spreads whatsoever. As long as a spread is not more than 3.0 then don't pay attention to it, but if you're a scalper then you're better of paying commission instead!!
  • #1,130,336
  • Aug 27, 2017 11:29am Aug 27, 2017 11:29am
Quoting Samson85
{quote} Lol if you're confident in a trade then you shouldn't care about spreads whatsoever. As long as a spread is not more than 3.0 then don't pay attention to it, but if you're a scalper then you're better of paying commission instead!!
is that a serious statement?
  • #1,130,337
  • Aug 27, 2017 11:31am Aug 27, 2017 11:31am
Quoting digger1
{quote} Yea for sure ,,,,,, few things lining up just below your tgt if it is to continue up. The volume from Friday is a bit curious for me anyway,,,,Daily close or 2 below 1888 would lead to more curiosity lol and maybe back to last weeks high1837 well 2 weeks ago high now .As for your question yea,,,,,,,, at some point in time it will be back down there lol when, who knows ,,,,,,,,,,Oh boy shouldnt say this out loud ,, but,,, aint there a gap from 1.0775 to 1.0850 that needs closed ,,,,,,oh lol. At any rate...
yea mate.. also curious with usd index close (tricky) eh
  • #1,130,338
  • Aug 27, 2017 12:13pm Aug 27, 2017 12:13pm
Quoting Don96
{quote} is that a serious statement?
Yes it is a serious statement!! You shouldn't care about spreads. The most important thing is The reliability of your broker.
If your worried about paying a 2.0 spread and your trading at £10 per point then you need to rethink your career. Your focus should be your pip target not spread charges. If anything you should be worried more about the margin required to use pairs. Try trading the eur/nok or eur/pln and look at margin required to trade those pairs
  • #1,130,339
  • Aug 27, 2017 12:46pm Aug 27, 2017 12:46pm
1.1960 now
At some point EUR/USD will get smashed down. This cannot continue endlessly. Pretty scary outcome is around the corner.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,130,340
  • Aug 27, 2017 12:47pm Aug 27, 2017 12:47pm
Quoting NotAtrader
1.1960 now At some point EUR/USD will get smashed down. This cannot continue endlessly. Pretty scary outcome is around the corner.
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