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  • #5,021
  • Edited 10:57am Oct 30, 2008 10:54am | Edited 10:57am
Quoting shadowman
the only way to trade successfully is trading breaks of sr lines not counter-trending, i may not know the background of this guy but my guess is that he may be a spy sent by brokers to corrupt ppl's mind thus leading them to the wrong path. becareful guys!
Who is this fool ?

I noticed that he has made birdt and Iron-man as his 'buddies' !

Well, Iron-man hasn't been on here for a while but I am sure that birdt has not agreed to this joker's friendship ??
  • #5,022
  • Oct 30, 2008 11:16am Oct 30, 2008 11:16am
Quoting generalz
BRV has already explained that conditions change throught the day so the lines may or may not have value? He and most others do not trade all these lines a reccomemdations. They just show possible S&R and are areas to watch. You may want to add some kind of confirmation, round numbers or fibs, or some news may add or take away value.

I match my SR lines just to compare and learn..

BTE..If it is a 50% hit rate on these lines then we maybe should consider taking them. At a 40sl and 240 tp we got a big winner. just kidding..lol


SL at 40 pips nowadays is a good joke unless your trading 5M S/R levels

or you know certain PRICE LEVELS that woudn't get past so easily
  • #5,023
  • Oct 30, 2008 11:23am Oct 30, 2008 11:23am
go figure + 50 on EUR/USD

at least make up some losses
  • #5,024
  • Oct 30, 2008 11:26am Oct 30, 2008 11:26am
Quoting shadowman
the only way to trade successfully is trading breaks of sr lines not counter-trending, i may not know the background of this guy but my guess is that he may be a spy sent by brokers to corrupt ppl's mind thus leading them to the wrong path. becareful guys!
Thanks for the warning Shadowman. Clearly you are great trader and you have proven your methods over a long period of time.

Curse you BRV for helping me make 16 straight winning trades. I am leaving this thread.

pffffft
Boxing clever since 76.
  • #5,025
  • Oct 30, 2008 11:31am Oct 30, 2008 11:31am
Quoting copi88
Thanks for the warning Shadowman. Clearly you are great trader and you have proven your methods over a long period of time.

Curse you BRV for helping me make 16 straight winning trades. I am leaving this thread.

pffffft





S/R system is a good one actually....i'm just being too impatient


come on USD/CAD get your ass down now
  • #5,026
  • Oct 30, 2008 12:04pm Oct 30, 2008 12:04pm
u guys are noobs looking for success the easy way....go study harder........
  • #5,027
  • Oct 30, 2008 12:04pm Oct 30, 2008 12:04pm
USDJPY just hit a pretty identifiable bucket and fib level at 97.44, which I also think is going to establish the lower TL.

Something to keep aware of, if the last breakout was any indication we could be in for another substantial move today or later tonight.
Attached Image (click to enlarge)
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  • #5,028
  • Oct 30, 2008 12:05pm Oct 30, 2008 12:05pm
Quoting shadowman
u guys are noobs looking for success the easy way....go study harder........
What are you, 12? Go away.
  • #5,029
  • Oct 30, 2008 12:08pm Oct 30, 2008 12:08pm
so , guys , what do you think - are we looking at trend continuation meanning long dolar , or is it on the way to correction \ reversal ?

eur\usd & usd\chf are at points that are both 50 fib levels a move from here I believe will give the direction , what do you think it is?
  • #5,030
  • Oct 30, 2008 12:15pm Oct 30, 2008 12:15pm
Quoting shadowman
u guys are noobs looking for success the easy way....go study harder........
If you don't like what you read here, why to bother staying with a group you don't want to be a part of.
  • #5,031
  • Oct 30, 2008 12:16pm Oct 30, 2008 12:16pm
Quoting shadowman
u guys are noobs looking for success the easy way....go study harder........
YOU NUMPTY!
  • #5,032
  • Oct 30, 2008 12:23pm Oct 30, 2008 12:23pm
Quoting linalm
If you don't like what you read here, why to bother staying with a group you don't want to be a part of.
Because he doesn't like who he is.He does this to make him feel better about himself.He doesn't like that he cannot trade either.It is very obvious by his comments he has failed himself,he can't stand to see people do good for themselfs.Ignore the the poor little man and he will eventually leave.It really is sad.
  • #5,033
  • Oct 30, 2008 12:25pm Oct 30, 2008 12:25pm
Quoting Barak's pip
so , guys , what do you think - are we looking at trend continuation meanning long dolar , or is it on the way to correction \ reversal ?

eur\usd & usd\chf are at points that are both 50 fib levels a move from here I believe will give the direction , what do you think it is?
Hi Barak's pip,

I want to be long dollar, but equities are still performing well right now along with the recent rate cut, so I'm definitely hesitant for the time being at going long dollar. 'No brainers' look to work best on whatever the daily trend is, so as long as things are looking OK in equities for the time being, I'm looking to be dollar short and yen short... sort of a wierd combination, but that's the market we're in!
  • #5,034
  • Oct 30, 2008 12:31pm Oct 30, 2008 12:31pm
Quoting jlmac27
Because he doesn't like who he is.He does this to make him feel better about himself.He doesn't like that he cannot trade either.It is very obvious by his comments he has failed himself,he can't stand to see people do good for themselfs.Ignore the the poor little man and he will eventually leave.It really is sad.
I bet you must be good on market psychology . He found his place on my ignore list.
  • #5,035
  • Oct 30, 2008 12:34pm Oct 30, 2008 12:34pm
Quoting smittens4212
Hi Barak's pip,

... so as long as things are looking OK in equities for the time being, I'm looking to be dollar short and yen short... sort of a wierd combination, but that's the market we're in!
smittens4212, why yen short? If equities are doing OK (meaning not going down) doesn't the demand for yen increases and therefore you would want yen longs?

I'll appreciate your comments on this. Thanks.
  • #5,036
  • Oct 30, 2008 12:36pm Oct 30, 2008 12:36pm
it is strange times , take a look at the chart attached - we have a respect of the 50 fib level which is also a res. , but price is now going to test it again , it happened few times during the day , I guess asking for clean moves are too much this days.
Attached Image (click to enlarge)
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  • #5,037
  • Oct 30, 2008 12:40pm Oct 30, 2008 12:40pm
Hello everyone.I was wondering do any of you have a certain way you draw sloping trendlines?Do you use like the last two major highs for a downtrend,or pretty much just fit it where it most likely fits,if that makes any sense.Thanks in advance,good trading!!!
  • #5,038
  • Oct 30, 2008 12:48pm Oct 30, 2008 12:48pm
Quoting linalm
smittens4212, why yen short? If equities are doing OK (meaning not going down) doesn't the demand for yen increases and therefore you would want yen longs?

I'll appreciate your comments on this. Thanks.

did the carry pairs collapse because equities we're making all time highs ?
  • #5,039
  • Oct 30, 2008 1:11pm Oct 30, 2008 1:11pm
Quoting lumesh
did the carry pairs collapse because equities we're making all time highs ?

For my own knowledge, would the more experienced please share what fundamentals they are aware of that favors going short the yen at this time?

... I am still learning how all the pieces come into place and will appreciate your comments. Thank you in advance.
  • #5,040
  • Oct 30, 2008 1:39pm Oct 30, 2008 1:39pm
Quoting linalm
For my own knowledge, would the more experienced please share what fundamentals they are aware of that favors going short the yen at this time?

... I am still learning how all the pieces come into place and will appreciate your comments. Thank you in advance.
When equities do well, risk appetite increases, therefore carry trades get put on, = short yen. When equities do poorly, risk appetite decreases, investors close carry trades through buying yen.

You've got the correlation backwards Hope this helps.
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