Nice trade Northpro!
I was lucky and caught the spike from the fed cut this morning - on the way back down
I was lucky and caught the spike from the fed cut this morning - on the way back down
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DislikedI have been experimenting on the correlation of GBP/JPY and EUR/JPY. To me its like watching two battle fields. do big players focus on correlation?Ignored
DislikedNice trade Northpro!
I was lucky and caught the spike from the fed cut this morning - on the way back downIgnored
DislikedI have been experimenting on the correlation of GBP/JPY and EUR/JPY. To me its like watching two battle fields. do big players focus on correlation?Ignored
DislikedIt must be the weather, but surly I am moody.
MickD, you continue to put your head in the market beting on release of expected figs or decisions, and you will have your head handed back to you detached from your body one of these days.
I know that the challenge to play god, drives up the adrenaline but if you trade your money like that, then you have lost respect for it.
Try not to develop bad habis , even if in demo.
regardsIgnored
DislikedHi Fti,
I recently came across a book, which relates AOW with trading. The books is "36 Strategies of Chinese for financial traders" by Daryl Guppy. I don't know if you have come across that book. I feel that reading that book should compliment your teachings.
Just my 2 cents.
Thanks,
WaveRider3Ignored
DislikedI understand.
To be honest I don't follow the news, I seen the spike, waited for it to stop and waited for the opportunity on the correction, nothing more.
I took profits on the return leg when it stalled, then it continued down so I got back on and took another 40 pip's as it reached it's previous price before the spike.
As you said, it's was only the news and a knee jerk reation by traders, I at first thought it was a stop hunt for a lot of short orders and that's why I was watching.
cheers,
Mick.Ignored
Disliked...
although you may not want to trade the fundamentals, but be aware of their impending releases, the FF calander may be useful for that. You do not want to be suckered into positions ahead of their releases.Ignored
DislikedOh, ok good dancing.
although you may not want to trade the fundamentals, but be aware of their impending releases, the FF calander may be useful for that. You do not want to be suckered into positions ahead of their releases.
Mostly for US figs , watch out for Friday mornings. esp near month end.
For Jap figs, mid week, esp tankan and keidianren reports.
regardsIgnored
DislikedI think everyone who trades technicals exclusively has been suckered into having their stops being blown out of the water.Ignored
DislikedHi Northpro.
Was nice to see your posting of your attempt to try to piece it all together.
Somehow , everytime I looked at your chart and your frame of mind in the attempts, I get a disturbing thoughts of your rigidity imposed by the fib.
Its like you are trading the flow boxed in by the parameters. ( probably your confort zone as you mentioned) but , thats restricting your perceptions of the market and impairing efficient possibilities.
Be mindful that rigidity in mindset can put you in difficult circumstance, esp when dealing with a dynamic and ruthless animal, the markets.
I am to the opinion that there was no attempt to "dance" with the market displayed in your attempt. The attempts were too cut and dry, there was no feel and flow sequenses. Too...........(thinking for the right explaination)
You can do better, Try harder.
regardsIgnored
DislikedHi fti
I never trade first Friday of every month as this is when US releases non farm payroll data. The market almost always goes crazy for a while after this release.Ignored
Dislikedpossible, except for the true technical analyst.
capricious - "woman are like goats" lol
http://www.youtube.com/watch?v=JRDQZbKgPrs
focus on word capricious not on word woman or the woman!Ignored
DislikedFti,
Thanks for the response and the positive criticism. I somehow think though that I have lost the concept somewhere here. I thought that I was figuring your methodology out to some degree, now not so sure. I think I am close but am missing a few critical links in the chain and to be honest I feel a little confused here...the "feeling" of the market you describe, leaves me a little perplexed...I suppose there is music there that I cannot quite hear and I use the fibs and trendlines as guidelines like a def person uses visual clues to audible events. That would be a weakness, that you describe leads to rigidity...although shattered(LOL), I will try harder.
Cheers,
NPIgnored