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  • #20,321
  • Aug 14, 2008 1:57am Aug 14, 2008 1:57am
i choosed down.. but the chart loves up... oh bother
  • #20,322
  • Aug 14, 2008 2:00am Aug 14, 2008 2:00am
Quoting trading801
hmmmm all points south right?
Picking the actual direction is about as good as a coin toss at the moment.

Below 1.4817 may send it towards 1.44.

Above 1.50 may send it towards 1.53.

If gold keeps this move up, my bias would be up.
  • #20,323
  • Aug 14, 2008 2:02am Aug 14, 2008 2:02am
Good morning

a lot of you are focused on upcoming good or bad data.
That of course influences your trading.

Free your mind and trade what is in front of you - the Price Action.

Even if you are right with your predictions this train moves against your posisition very often . We have all expirienced that.
  • #20,324
  • Edited 2:30am Aug 14, 2008 2:05am | Edited 2:30am

German gdp: minus
French gdp: minus
Finnish gdp: minus

Looks like bad news for the eurozone. The real question is what markets were anticipating.

  • #20,325
  • Aug 14, 2008 2:06am Aug 14, 2008 2:06am
Quoting mokonni
Good morning

a lot of you are focused on upcoming good or bad data.
That of course influences your trading.

Free your mind and trade what is in front of you - the Price Action.

Even if you are right with your predictions this train moves against your posisition very often . We have all expirienced that.
meaning like looking at the immediate trends?
  • #20,326
  • Aug 14, 2008 2:06am Aug 14, 2008 2:06am
Buying again... Looking for a new top in 1,4920 or 1,4940
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #20,327
  • Aug 14, 2008 2:07am Aug 14, 2008 2:07am
Note to self: If your stupid ass would've just held his horses for a bit to wait for the news, instead of greedily chasing the price into a low, you would've seen beautiful net profit rolling easy into your pockets now instead of just starting to get into net profit from this morning as it's half way down now. Jerk.
On the path to Enrichment.
  • #20,328
  • Aug 14, 2008 2:10am Aug 14, 2008 2:10am
Quoting trading801
meaning like looking at the immediate trends?
Yes - the shorter time frames 5 min to 5 Tick - catching some mini Trends - they are there

And ask yourself what trendlines and longer term outlooks are worth - regarding the last 2 weeks
  • #20,329
  • Aug 14, 2008 2:12am Aug 14, 2008 2:12am
crikey! i just realized london had opened... how exciting was THAT?
short from the top of the news, but so what...
FUBAR...
  • #20,330
  • Aug 14, 2008 2:13am Aug 14, 2008 2:13am
Quoting Jurrasic
Note to self: If your stupid ass would've just held his horses for a bit to wait for the news, instead of greedily chasing the price into a low, you would've seen beautiful net profit rolling easy into your pockets now instead of just starting to get into net profit from this morning as it's half way down now. Jerk.
keep goin J. that was priceless.
FUBAR...
  • #20,331
  • Aug 14, 2008 2:17am Aug 14, 2008 2:17am
Quoting ak4x
crikey! i just realized london had opened... how exciting was THAT?
short from the top of the news, but so what...
You too..
On the path to Enrichment.
  • #20,332
  • Aug 14, 2008 2:18am Aug 14, 2008 2:18am
Quoting mokonni
Free your mind and trade what is in front of you - the Price Action
Agreed

The smart traders are sitting on hands waiting for the next major move to surface.

Over trading is the #1 killer of accounts {repeat to one's self every day}

If one could really predict every single move of the market, they certainly would not be here on a public forum big noting themselves. They'd be out spending billions of pips and living life to the Max.

Price action clearly shows indecision. Two spinning tops on the daily and a possible doji on the weekly if it keeps this range up all week. A break of these candles {up or down} should yield some very nice pips

Either way I don't care, I'll be in for the ride {prefer up for the positive swap}
  • #20,333
  • Aug 14, 2008 2:18am Aug 14, 2008 2:18am
Not sure of direction
{Promotion Removed}
  • #20,334
  • Aug 14, 2008 2:22am Aug 14, 2008 2:22am
Quoting NuckingFuts
Agreed

The smart traders are sitting on hands waiting for the next major move to surface.

Over trading is the #1 killer of accounts {repeat to one's self every day}

If some could really predict every single move of the market, they certainly would not be here on a public forum big noting themselves. They'd be out spending billions of pips and living life to the Max.

Price action clearly shows indecision. Two spinning tops on the daily and a possible doji on the weekly if it keeps this range up all week. A break of these candles {up or down} should yield some very nice pips

Either way I don't care, I'll be in for the ride {prefer up for the positive swap}

what is over trading.. can you please explain in layman terms
  • #20,335
  • Edited 2:33am Aug 14, 2008 2:22am | Edited 2:33am
in my opinion this thing is going to head south.

I'm look at the E/J and its up
e/pound is up
U/Chf is down
Aud/usd is up
e/chf is up


I think this thing is going to go down soon.

edit: I meant up, lol. The crosses mean that it is heading up not down. confused myself here...
  • #20,336
  • Aug 14, 2008 2:25am Aug 14, 2008 2:25am
especially "Wind Of Change" even just for awhile...
  • #20,337
  • Aug 14, 2008 2:25am Aug 14, 2008 2:25am
closing in 1,4910-15
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #20,338
  • Aug 14, 2008 2:28am Aug 14, 2008 2:28am
So many idiots, so few bullets.
  • #20,339
  • Aug 14, 2008 2:34am Aug 14, 2008 2:34am
what do you guys think will happen after the 9am GMT news?
  • #20,340
  • Aug 14, 2008 2:35am Aug 14, 2008 2:35am
Quoting trading801
what is over trading.. can you please explain in layman terms
Over trading is just like it says, too much trading. Having to be in a position for the market's every move.

There is not a person on this planet that can pick the market's every move. If they tell you they can, they are full of utter BS. Plus they'd be gazillion airs if they really could.

Check out the james16 thread, Jim clearly states that to be consistently profitable, you need to hunt for the 5 star (A+) trades. Doing so, you are generally waiting for set-ups more than trading itself.
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