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  • #22,381
  • Aug 21, 2008 12:33pm Aug 21, 2008 12:33pm
on 15 min chart
Jesus Christ is my only Lord !
  • #22,382
  • Aug 21, 2008 12:34pm Aug 21, 2008 12:34pm
Quoting acumen
I did believe we'd see a range but also said we are long overdue for the much hyped bounce.

Let me be sincere for a moment. Congrats on your recent success. This isn't a competition (I win most of those ) this is a forum for learning how to trade this pair.

Let me make one serious suggestion. Change your money management tactics now. Apparently you have some very good gains. If you trade 1% or less you'll be in a position to absorb a draw down that is inevitable.

Mike
You are right acumen, money management is key. I don't think he will listen to you right now but he will come back to regret it.

It seems 5ysfx has gotten many trades right till this point, if not all , and it is only time till he gets one wrong.

I consider money management very important.

On august 1 I shorted usd/cad at 1.0186. I then took a loss for 80 pips. You all can go see where the price went. The loss was small but would have been huge if I held the trade.
  • #22,383
  • Aug 21, 2008 12:34pm Aug 21, 2008 12:34pm
Quoting spathi
Oil rise and pressured the USD just because rising tensions between US and Russia in Poland. What a total rubbish. Short EU.
I knew that

If technical correction is making someone has to find fundies or news reason hehe
Every single time
  • #22,384
  • Edited 12:36pm Aug 21, 2008 12:34pm | Edited 12:36pm
Quoting spathi
Oil rise and pressured the USD just because rising tensions between US and Russia in Poland. What a total rubbish. Short EU.
Not exactly in Poland

I would say in Georgia
Jesus Christ is my only Lord !
  • #22,385
  • Aug 21, 2008 12:35pm Aug 21, 2008 12:35pm
Quoting 5ysfx
Ya this is not a competition this forum is for learning purpose mostly.
So pls stop make such sugestion like "too many sh*it at one chart"

Dont worry about my money manegement.

As i said before i risk only 1% for first open trade nex trade is well secured by previews trade and so on.
(sometimes when i see reversal is coming i start build my positions and risk 2-5% overal for multiple positons)
When trend comes i got 1% money engage and 200% (monthly average) reward.
Thats the way to make money in forex at laest for me.No advise is needed in the MM matter.

I am Mike too hehe

There will be some joking I can't stop that.

The chart comment was levity.

I don't care how much you have on your chart - if you can win consistently over a period of time keep it as messy as you want.

The key is consistency.
  • #22,386
  • Aug 21, 2008 12:36pm Aug 21, 2008 12:36pm
Quoting hipcio
I would say in Georgia
In Poland, u should read again. Georgia old news already.
  • #22,387
  • Aug 21, 2008 12:37pm Aug 21, 2008 12:37pm
Quoting spathi
In Poland, u should read again.
please explain
Jesus Christ is my only Lord !
  • #22,388
  • Aug 21, 2008 12:38pm Aug 21, 2008 12:38pm
Quoting hipcio
on 15 min chart

this is a classic bull flag .. break above the flag it is a long,

Note the candles on my chart these are not your regular candles ....in an uptrend no wicks on the bottom ....Heikin Ashi candles are what they are.

Attached Image
Blogging daily now at www.volume.zone
  • #22,389
  • Aug 21, 2008 12:39pm Aug 21, 2008 12:39pm
Quoting hipcio
please explain
After days of brushing off geopolitical flare-ups, oil spiked above $122 a barrel as traders became rattled over increasingly hostile Russian rhetoric toward a U.S.-Poland deal to install a missile defense system in Eastern Europe -- a move Moscow views as a threat.
  • #22,390
  • Aug 21, 2008 12:39pm Aug 21, 2008 12:39pm
Quoting acumen
There will be some joking I can't stop that.

The chart comment was levity.

I don't care how much you have on your chart - if you can win consistently over a period of time keep it as messy as you want.

The key is consistency.
OK Mike

it seems we have similar psyche and souls
Do u like competition ? hehe (retoric quest.)

short in play till figure
  • #22,391
  • Aug 21, 2008 12:39pm Aug 21, 2008 12:39pm
Quoting hipcio
Not exactly in Poland

I would say in Georgia
Should the Russian invasion lead to pipeline seizures it would be a negative for the EURO... not the dollar.

The Europeans get oil from this region - not the US.
  • #22,392
  • Aug 21, 2008 12:40pm Aug 21, 2008 12:40pm
Quoting hipcio
Not exactly in Poland

I would say in Georgia
same with me but poland also included..so both r true..
  • #22,393
  • Edited 12:42pm Aug 21, 2008 12:40pm | Edited 12:42pm
for your explanation
Jesus Christ is my only Lord !
  • #22,394
  • Aug 21, 2008 12:44pm Aug 21, 2008 12:44pm
Here is my Crude Oil chart.

Minimum target @ $123.50 and major resistance fib cluster @ $124.70-$125.30
Attached Image (click to enlarge)
Click to Enlarge Name: Crude.gif Size: 40 KB
  • #22,395
  • Edited 12:48pm Aug 21, 2008 12:46pm | Edited 12:48pm
Quoting spathi
After days of brushing off geopolitical flare-ups, oil spiked above $122 a barrel as traders became rattled over increasingly hostile Russian rhetoric toward a U.S.-Poland deal to install a missile defense system in Eastern Europe -- a move Moscow views as a threat.
I agree - being quite inside - in Poland
Jesus Christ is my only Lord !
  • #22,396
  • Edited 1:02pm Aug 21, 2008 12:49pm | Edited 1:02pm
I am happy to see slowly but surely the strong personalities here are making excellent progress to bring Peace and Harmpny to this Thread.

It might be a little more boring but it will be more productive in discussing Forex and EUR/USD and related topics.

I have been watching but not posting since I have had business meeting all day. Interesting day so far.

ONE WORD OF CAUTION FOR ALL !!!

DO NOT FORGET FANNIE MAE and FREDDIE MACK !!! It Is a DIASTER and Bernake speaks Tomorrow. Be Careful One Word from him suggesting a SOLUTION even if it is more BS will send the Markets UP 300 Points or more.

I am going to be ALL in cash just in case...

Any thoughts on this folks ?


Bruce
{Promotion Removed}
  • #22,397
  • Aug 21, 2008 12:51pm Aug 21, 2008 12:51pm
Quoting daanman3
You are right acumen, money management is key. I don't think he will listen to you right now but he will come back to regret it.

It seems 5ysfx has gotten many trades right till this point, if not all , and it is only time till he gets one wrong.

I consider money management very important.

On august 1 I shorted usd/cad at 1.0186. I then took a loss for 80 pips. You all can go see where the price went. The loss was small but would have been huge if I held the trade.
If you guys haven't read this book see if you can get a copy.

Trade Your Way to Financial Freedom by Van K Tharp.

He (Tharp) dispels many market rumors and highlights several key ingredients that very successful traders have.

It's an easy read - It will hold your attention and educate you. He's done some intensive research.

Ed Seykota called it one of the 3 best books ever written.
  • #22,398
  • Aug 21, 2008 12:55pm Aug 21, 2008 12:55pm
Quoting acumen
Should the Russian invasion lead to pipeline seizures it would be a negative for the EURO... not the dollar.

The Europeans get oil from this region - not the US.
If we do not get it from the region we buy it anywhere - so lack of oil anywhwere pushes the price of oil up

The problem is that in spite of missle US - Poliish deal, NATO and US as the result of invasion stopped co-operation with Russia.

It was said first - befor the deal
Jesus Christ is my only Lord !
  • #22,399
  • Aug 21, 2008 12:56pm Aug 21, 2008 12:56pm
Quoting Warren Forex
I am happy to see slowly but surely the strong personalities here are making excellent progress to bring Peace and Harmpny to this Thread.

It might be a little more boring but it will be more productive in discussing Forex and EUR/USD and related topics.

I have been watching but not posting since I have had business meeting all day. Interesting day so far.

ONE WORD OF CAUTION FOR ALL !!!

DO NOT FORGET FANNIE MAE and FREDDIE MACK !!! It Is a DIASTER and Bernake speaks Tomorrow. Be Careful One Word from him suggesting a SOLUTION even if it is more BS will send the Markets UP 300 Points or more.

I am going to be ALL in casg just in case...

Any thoughts on this folks ?


Bruce
The 2 Fs .. yeah...
  • #22,400
  • Aug 21, 2008 1:05pm Aug 21, 2008 1:05pm
Quoting Warren Forex
I am happy to see slowly but surely the strong personalities here are making excellent progress to bring Peace and Harmpny to this Thread.

It might be a little more boring but it will be more productive in discussing Forex and EUR/USD and related topics.

I have been watching but not posting since I have had business meeting all day. Interesting day so far.

ONE WORD OF CAUTION FOR ALL !!!

DO NOT FORGET FANNIE MAE and FREDDIE MACK !!! It Is a DIASTER and Bernake speaks Tomorrow. Be Careful One Word from him suggesting a SOLUTION even if it is more BS will send the Markets UP 300 Points or more.

I am going to be ALL in casg just in case...

Any thoughts on this folks ?


Bruce

Don't worry Warren, this thread will still get "interesting" sooner or later, it is just in consolidation right now.

I started posting regularly a few weeks ago because I am on holiday and I get bored sometimes. I will go back to my normal schedule next week but something interesting I have found out is that my trading has become better since I have been posting regularly. I also don't stare at the chart worrying about my open trades.
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