EURUSD

Quoting psiholog

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it has come to my attention yet again that i am fully misunderstood. i realize most of you are much older then i am and probably are thinking who is this 22 year old with one year experience in forex and 1200 posts in one month and who does he think he is? always talking like he has all the answers and knows all possible outcomes and every time you list your own personal opinions he comes back with some comment to make your observation seem meaningless. the greatest forex analysts in the world are struggling to understand this market and this punk thinks he knows it all. i understand why you would feel insulted especially if you have been trading currencies for a long time, and are twice the age this 22 year old is. i probably would feel insulted myself. but i truly hope you all understand this. i believe i was born to do forex. the way my mind works with my psychological attributes make me the perfect candidate for this job. i believe just like it was manifest destiny for early americans to cover this whole continent, i believe it is manifest destiny for me to become one of the greatest currency traders ever born. combine my age with my idea of who i am, i feel no remorse in listing my own opinions even based on what you say. but do not make the mistake of thinking i am insulting you...i am merely giving my interpretation because after all this is a forum and in forums opinions are listed and opinions can be wrong or right. you do not have to consider my opinion if you dont agree with it just like i may not consider yours. call it just an exchange of ideas.

dedicating my life to forex for now until i get off the ground has made me have no social life. i post so much because all i do all day is trade and sleep...it gets lonely and thats why i consider you all my friends and talk to you all just like you would be my friends. this means a 22 year old talking to someone 40 + without taking into account the respect someone my age should give someone your age. this causes misunderstandings i just hope you realize now there is no harm intended.



on another note.

i took the past 6 hours to think about why after the last small bull rally this pair went south so quick but not much lower. i then came to a brilliant conclusion...one that i wish i would have noticed sooner. we are in bear territory. we have been since 1.6. what this means is there is a common candlestick pattern that one must always be aware of. its really candlesticks 101. in a pattern, 3 candlesticks going in the same direction suggest a rally in that direction...momentum just picking up. currently we have been going down since august. the daily candlesticks shows this clearly. very rarely has it happened that 3 candlesticks are bullish in a row as that would suggest the start of a bull rally. which brings us to this week. 2 candlesticks closed bullish even though there was huge spikes. the third candlestick which just recently closed HAD to be bearish to not let anyone assume we are entering bull market. which is why i would not be surprised if this daily candlestick is a full bull candle and closes above 1.38

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Quoting Jay Walker

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Just got back.

How's everybody doing?

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Quoting piptechnician

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Doing well, where were you?

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Quoting Jay Walker

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I would define well as any trade that is either closed at a profit or has profits locked in. I would also consider anyone breathing, is 6 foot above ground with a roof on their head and food in their stomach as doing well. Extra points if you recently got laid.

I was away for the past 20 hours generally taking care of a few of the aforementioned items.

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Quoting Jay Walker

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I would define well as any trade that is either closed at a profit or has profits locked in. I would also consider anyone breathing, is 6 foot above ground with a roof on their head and food in their stomach as doing well. Extra points if you recently got laid.

I was away for the past 20 hours generally taking care of a few of the aforementioned items.

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Quoting Hissinger

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If it took you that long to figure out we have been heading south for the past 4 months then I suggest you aren't destined to be the best forex trader that ever lived.

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Quoting psiholog

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it has come to my attention yet again that i am fully misunderstood. i realize most of you are much older then i am and probably are thinking who is this 22 year old with one year experience in forex and 1200 posts in one month and who does he think he is? always talking like he has all the answers and knows all possible outcomes and every time you list your own personal opinions he comes back with some comment to make your observation seem meaningless. the greatest forex analysts in the world are struggling to understand this market and this punk thinks he knows it all. i understand why you would feel insulted especially if you have been trading currencies for a long time, and are twice the age this 22 year old is. i probably would feel insulted myself. but i truly hope you all understand this. i believe i was born to do forex. the way my mind works with my psychological attributes make me the perfect candidate for this job. i believe just like it was manifest destiny for early americans to cover this whole continent, i believe it is manifest destiny for me to become one of the greatest currency traders ever born. combine my age with my idea of who i am, i feel no remorse in listing my own opinions even based on what you say. but do not make the mistake of thinking i am insulting you...i am merely giving my interpretation because after all this is a forum and in forums opinions are listed and opinions can be wrong or right. you do not have to consider my opinion if you dont agree with it just like i may not consider yours. call it just an exchange of ideas.

dedicating my life to forex for now until i get off the ground has made me have no social life. i post so much because all i do all day is trade and sleep...it gets lonely and thats why i consider you all my friends and talk to you all just like you would be my friends. this means a 22 year old talking to someone 40 + without taking into account the respect someone my age should give someone your age. this causes misunderstandings i just hope you realize now there is no harm intended.



on another note.

i took the past 6 hours to think about why after the last small bull rally this pair went south so quick but not much lower. i then came to a brilliant conclusion...one that i wish i would have noticed sooner. we are in bear territory. we have been since 1.6. what this means is there is a common candlestick pattern that one must always be aware of. its really candlesticks 101. in a pattern, 3 candlesticks going in the same direction suggest a rally in that direction...momentum just picking up. currently we have been going down since august. the daily candlesticks shows this clearly. very rarely has it happened that 3 candlesticks are bullish in a row as that would suggest the start of a bull rally. which brings us to this week. 2 candlesticks closed bullish even though there was huge spikes. the third candlestick which just recently closed HAD to be bearish to not let anyone assume we are entering bull market. which is why i would not be surprised if this daily candlestick is a full bull candle and closes above 1.38

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Quoting SpecialEd

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Hello Jay,

That was a good post, one which I agree with. It's your shift now. I'm about off to bed myself. Watch over Psiholog and keep his emotions in check. AK4X spun him up again. That was a good reply back, though Psi. You guys really should not waste your energy.
Ed

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Quoting Jay Walker

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I like both Psi and AK4X. Where they bickering?

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Quoting Jay Walker

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I like both Psi and AK4X. Where they bickering?

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Quoting altrader

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I like them both as well. They are really good.

One thing though is that as traders we all have different opinions and ideas on where the sentiment is going, whether it is bullish or bearish etc etc. We have reasons that back up those opinions. Whatever the situation, we need to accept that we have our own methods that work for us or that we are testing.

So, I think that it is preferable to comment on the reasons or strategy but not to say that one strategy is bad or good but rather to state our reasons for thinking it is bullish or bearish.

I mean, I bet there are some people out there who can make money by flipping a coin and using good money management techniques. So, we need to play things cool and keep the analysis flowing. The charts that everyone posts are fantastic and it is so good to see different opinions on how people think. And I'm confident everyone would agree with me on this

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Quoting psiholog

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i was reffering to what is happening now not to what has been going on since 1.6...i am fully aware and have been we are in bear market if you had paid attention to me for the past 5-6weeks

sidenote: i was actually bearish since january when the market was still sideways trending between 1.52xx and 1.6000 which is why i blew my account several times. as a great forex trader in this thread put it (ak4x)...timing is everything and as a day trader you must take into account all that happens every single day...not long term outlooks

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Quoting acumen

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This post is right on the money.

Mike

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Quoting FXraider

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I think it has alway been an arguement whether EU is bear or bull and where it is going from here. If anyone here can give 100% accurary on how it is going, I doubt this person (i.e. best forex trader) will stay in this forum. He will likely to concentrate on his trading, rather than spending time here arguing and posting. He would have fully utilised all his time to increase his wealth.

Is EU in bear?

Look at
Monthly chart. Still Uptrending, retracement now.
Weekly chart. Still Uptrending, retracement now.
Daily chart. Down trending.
Hourly....downtrending with retracement.
15 mins ...uptrending with sideway.

As anyone can see...different time frame give you different picture. Which in this case, what type of time frame are you trading? So you should be bear in a 15mins time frame? or you should be bull in a daily time frame?

Edit : Timing is the factor.

I think everyone here tried to show some form of concerns to other traders here, so that that person will not get burnt. But please remember, this is a place where we share our view, not pinpointing or insulting others. We should help each other to see a better pictures. Maybe someone should open a new thread on Hourly EURUSD, Daily EURUSD. haha...

In FX, it does not matter how old or how young you are. AGE is not a factor here. I know a few people who make millions from FX even when they are only below 26. PSI, you are 22, does not mean you are too young. Your views are appreciated, i believe, by alot of people here. keep up the good work.

Cheers

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