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  • #42,041
  • Oct 27, 2008 9:20pm Oct 27, 2008 9:20pm
I'm taking a long position SL at 1.232

If 90% of traders fail, and 90% of traders are short...
I'm going long
WHOS WITH ME?

No.
Its really because I am always wrong and thus lose all my money on forex. So instead of going short like I think I should, I am doing the opposite.
  • #42,042
  • Oct 27, 2008 9:20pm Oct 27, 2008 9:20pm
Quoting Bemac
You're correct. You never know how uninformed the poster may be...
Or how informed the poster thinks they are!
  • #42,043
  • Oct 27, 2008 9:21pm Oct 27, 2008 9:21pm
hi traders.

i lunched today one of my last calls for euro+cable , i predict the continuation of the down trend.
and as shown in my charts the two pairs make new lows in the first day of the week , which will give a clue about will happen the rest of the week.

i want you traders to be aware of fundamental aspect as much as technical.

(news)


and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up

have fun traders.
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  • #42,044
  • Oct 27, 2008 9:21pm Oct 27, 2008 9:21pm
Quoting tulient
I'm taking a long position SL at 1.232

If 90% of traders fail, and 90% of traders are short...
I'm going long
WHOS WITH ME?

No.
Its really because I am always wrong and thus lose all my money on forex. So instead of going short like I think I should, I am doing the opposite.
the best thing you can do is go with the trend ...
  • #42,045
  • Oct 27, 2008 9:25pm Oct 27, 2008 9:25pm
Quoting Tiger Hunter
hi traders.

i lunched today one of my last calls for euro+cable , i predict the continuation of the down

smaller font please
  • #42,046
  • Oct 27, 2008 9:26pm Oct 27, 2008 9:26pm
For the really long term view, a quarterly chart going back to the start of the Euro shows we are at a critical juncture ( 1.2400 area ).

Next level to watch is 1.1846, the close of the swing low in last quarter of 2005.

I know there are probably not many, if any at all, that trade on such a timeframe but it is always good to keep in mind nonetheless.
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  • #42,047
  • Oct 27, 2008 9:33pm Oct 27, 2008 9:33pm
Quoting Tiger Hunter
hi traders.

i lunched today one of my last calls for euro+cable
May I take that as a promise?
  • #42,048
  • Oct 27, 2008 9:36pm Oct 27, 2008 9:36pm
Quoting Gofer Pips
Or how informed the poster thinks they are!
Touche;
Dead & buried as far as I am concerned.
  • #42,049
  • Oct 27, 2008 9:38pm Oct 27, 2008 9:38pm
Quoting cobraforex
May I take that as a promise?
  • #42,050
  • Oct 27, 2008 9:39pm Oct 27, 2008 9:39pm
Quoting SunTrader
For the really long term view, a quarterly chart going back to the start of the Euro shows we are at a critical ...
Nice to see I'm not the only TS user.
  • #42,051
  • Oct 27, 2008 9:43pm Oct 27, 2008 9:43pm
buy euphoria
  • #42,052
  • Oct 27, 2008 9:44pm Oct 27, 2008 9:44pm
Quoting tulient
I'm taking a long position SL at 1.232

If 90% of traders fail, and 90% of traders are short...
I'm going long
WHOS WITH ME?

No.
Its really because I am always wrong and thus lose all my money on forex. So instead of going short like I think I should, I am doing the opposite.
my bender robot went with you. It is now over 50 pips positive.
Gravity always wins
  • #42,053
  • Oct 27, 2008 9:51pm Oct 27, 2008 9:51pm
Quoting tulient
I'm taking a long position SL at 1.232

If 90% of traders fail, and 90% of traders are short...
I'm going long
WHOS WITH ME?

No.
Its really because I am always wrong and thus lose all my money on forex. So instead of going short like I think I should, I am doing the opposite.
I posted this before but it still applies...

http://img117.imageshack.us/img117/9...nstanzaad4.jpg http://img166.imageshack.us/img166/2...zaphixrfi8.jpg


To the left is George and to the right is Opposite George. See, there is something that Opposite George has in common with George.

IT'S STILL GEORGE!!!

Your "Opposite trader" is only the mirror image of YOU. If you need to fix something, be it your money management, your discipline, etc, you will not do it by just playing "opposite".
Not all sins are created equal
  • #42,054
  • Oct 27, 2008 10:05pm Oct 27, 2008 10:05pm
Quoting PipPilot
Nice to see I'm not the only TS user.
since the days of ver 3.5
  • #42,055
  • Oct 27, 2008 10:30pm Oct 27, 2008 10:30pm
Quoting JayBird
This is my first post but I've been lurking for a few months. I've been trading for about 9 months, started on demo, tripled that, I thought this is easy. Opened a live account, tripled that. What's all this talk about 95% failure rate? Nothing to this forex thing. And then ................. reality. Blew that account, opened another one, blew that, went back to demo and blew that. I found this forum and read about money management, started to do a little better, went to Acumen's site and learned about pivots, psych levels, fibs, started to do even better. I now spend almost as much time studying forex and I do trading. I have down days but overall I'm ahead of the game. I just want to thank all of you experienced traders who are so generous with your advice to newbies. Thanks to all of you, I'm hoping to be part of that elusive 5%.
You are here... which means you are already on the right track.

Secondly... you know what mm is... single most important aspect to longevity.

It's more like 15% rather than 5% but people love that damn number.

Pivots and psychs are very good tools... watch them for a month... you'll be amazed.

Mike
  • #42,056
  • Oct 27, 2008 10:31pm Oct 27, 2008 10:31pm
Quoting Bemac
Capital Preservaion is Ultimate in This game. Re-enforcing, Cut your Lo$$es & let {at least a portion of} your Winners run.
This may mean Trading Smaller Lot Sizes to ensure you have Multiple Positions Open thereby providing the Opportunity to Close some for Profit or {at least} Lock In a No Loss Position.

One of the Last Hurdles to clear before the Back Straight to the Finish Line.
Without capital... there is no tomorrow.

m
  • #42,057
  • Oct 27, 2008 10:59pm Oct 27, 2008 10:59pm
Hey guys, just poppin here for a minute between scalps on Gy. Noticed that 1.2457 QP has been working really well tonite, at least when I glanced at my 20m chart..

Someone asked earlier about coding it. beats me. I use the Pivot tool in my accucharts, and am hoping to get into the editor mode and gin something up, but that won't work in Mt4, so no help there I'm afarid.

Alternatively, you can just write them on a piece of paper and refer to them that way... gotta go. careful trades all, early morning for me tomorrow, so almost done here for the nite.
FUBAR...
  • #42,058
  • Oct 27, 2008 11:07pm Oct 27, 2008 11:07pm
"10-28-08

2:58a GMT - Is it time to start buying the EUR/USD pair? It may be as the pair has just bounced off support around 1.2300, the weekly RSI is well below 30 and the Slow Stochastics on the weekly chart are trying to cross. The US stock market dips Monday and last week have pushed the USD higher, and good news yesterday about new home sales may push some of that money back into the stock market and provide the bounce we are looking for in the EUR/USD."


Source: PipHut.com


Thoughts?
"A goal without a plan is just a wish."
  • #42,059
  • Edited 11:35pm Oct 27, 2008 11:21pm | Edited 11:35pm
Quoting norrismp
\"10-28-08

2:58a GMT - Is it time to start buying the EUR/USD pair? It may be as the pair has just bounced off support around 1.2300, the weekly RSI is well below 30 and the Slow Stochastics on the weekly chart are trying to cross. The US stock market dips Monday and last week have pushed the USD higher, and good news yesterday about new home sales may push some of that money back into the stock market and provide the bounce we are looking for in the EUR/USD.\"


Source: PipHut.com


Thoughts?
depends on the TF you are trading but the 30M and 60M candles show a possible reverse to short, is missing 10min to see what will they say.

Update: candle didn't get confirmed to short.
  • #42,060
  • Oct 27, 2008 11:42pm Oct 27, 2008 11:42pm
Quoting cobraforex
possible reverse to short, is missing 10min to see what will they say.

Update: candle didn't get confirmed to short.
oops disregard, wrong thread ... time to knock off i think...
FUBAR...
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