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  • #44,381
  • Nov 10, 2008 8:17am Nov 10, 2008 8:17am
Quoting TIckerShuffl
Yeah Oil is key, and that 4HR trendline resistance key too
i agree with the 4 hrs TL it may not it reach as it missed it from the last up move .
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #44,382
  • Nov 10, 2008 8:24am Nov 10, 2008 8:24am
Quoting cobraforex
I took a short at 2915 triggerd on 1M chart, the PA could not pass the TL. I"m gonna hold it till 5m chart triggers exit.
SL is 1.2935
LOL

- I missed that one as well with the THV, in fact got it exactly the wrong way round again.
  • #44,383
  • Nov 10, 2008 8:24am Nov 10, 2008 8:24am
Quoting cobraforex
I took a short at 2915 triggerd on 1M chart, the PA could not pass the TL. I"m gonna hold it till 5m chart triggers exit.
SL is 1.2935
Some got it (the feeling), some don't. Good trade Cobra.
Up or down, gimme a ticket
  • #44,384
  • Nov 10, 2008 8:28am Nov 10, 2008 8:28am
Quoting SpecialEd
Some got it (the feeling), some don't. Good trade Cobra.
Feeling? Isn't it about the charts, otherwise why use them.

Coba is consistent hence why I am asking, in addition tot he PM's sent over the last few days. If it was just a feeling then that's fine - but I am looking the charts and want to know if anything on the chart "gave" him the feeling or if it just camne from the gut so to speak.
  • #44,385
  • Nov 10, 2008 8:31am Nov 10, 2008 8:31am
Quoting eddiemiller
Feeling? Isn't it about the charts, otherwise why use them.

Coba is consistent hence why I am asking, in addition tot he PM's sent over the last few days. If it was just a feeling then that's fine - but I am looking the charts and want to know if anything on the chart "gave" him the feeling or if it just camne from the gut so to speak.
I think that after you look at the charts for a long time you get a feel for the markets. So yeah it's just a practice thing. I don't think that people are born traders....you got to practice and learn and in the process become a great trader.

I'm always learning and loving it
  • #44,386
  • Nov 10, 2008 8:32am Nov 10, 2008 8:32am
In at 1.2863 off the 200 sma ( long for a short position ) . triangle up around 1.2970ish.
  • #44,387
  • Nov 10, 2008 8:36am Nov 10, 2008 8:36am
Quoting altrader
I think that after you look at the charts for a long time you get a feel for the markets. So yeah it's just a practice thing. I don't think that people are born traders....you got to practice and learn and in the process become a great trader.

I'm always learning and loving it
80% of all the FX business is feeling and experience, that you can't teach.

The system is like a hammer for a carpenter, if he don't know how to use it will have bloody fingers constantly.

There was no valid long entry, the PA was glued to a TL and couldn't break it. I was waiting all time for a bounce to the south.
  • #44,388
  • Nov 10, 2008 8:38am Nov 10, 2008 8:38am
Quoting altrader
I think that after you look at the charts for a long time you get a feel for the markets.
This is what I am getting t - you said above that as a result of looking at the charts you get a feel for the market. I am trying to identify (or model to be technical) what "feeling" is triggered from the chart aspect of the process, leading to the trade.

The "feeling" is simply a response to the information presented matching past patterns of success that has triggered a good outcome. This is what I am trying to identify.

I hope that makes sense... I am in the psychotherapy industry and pattern recognition (modelling) is something I have worked on for many years.....
  • #44,389
  • Nov 10, 2008 8:41am Nov 10, 2008 8:41am
Quoting eddiemiller
Feeling? Isn't it about the charts, otherwise why use them.

Coba is consistent hence why I am asking, in addition tot he PM's sent over the last few days. If it was just a feeling then that's fine - but I am looking the charts and want to know if anything on the chart "gave" him the feeling or if it just camne from the gut so to speak.
Everywhere I've read says that in addition to the ability to read the charts (i.e., your "system"), it pays off handsomely to have a good feel for the price action. Merely a comment to Cobra, for whom I have high respect. While you contested my mundane post, you probably missed a trade friend.
Up or down, gimme a ticket
  • #44,390
  • Nov 10, 2008 8:43am Nov 10, 2008 8:43am
Cobra.....

Thank you firstly for all your help. Much much appricated. You are a credit to the FF forums.

Quoting cobraforex
80% of all the FX business is feeling and experience, that you can't teach.

The system is like a hammer for a carpenter, if he don't know how to use it was have bloody fingers constantly.

There was no valid long entry, the PA was glued to a TL and couldn't break it. I was waiting all time for a bounce to the south.
Now you say you cant teach it, and there from a professional point of view I disagree. Anything can be taught, just to differing levels of compentancy. Yours clearly exceeds mine.

You actually backed up your feeling with hard evidence in you post ..."There was no valid...." It is this I am trying to understand, and this can certainly be taught.

Keep up the good work........
  • #44,391
  • Nov 10, 2008 8:50am Nov 10, 2008 8:50am
Quoting SpecialEd
Everywhere I've read says that in addition to the ability to read the charts (i.e., your "system"), it pays off handsomely to have a good feel for the price action. Merely a comment to Cobra, for whom I have high respect. While you contested my mundane post, you probably missed a trade friend.
Hi Ed how are you doing, all green pips?
I chickened out the position with 70 pips on R1. Was a nice ride.
You are right and every pair has different caracter that you need to learn and understand to trade it well. I mostly work on E/U and AUD/USD.

Happy trading
  • #44,392
  • Nov 10, 2008 8:51am Nov 10, 2008 8:51am
Only able to get 12 pips out of it . lets see if we break through the low end of this triangle (4hr chart) to the downside?
  • #44,393
  • Nov 10, 2008 8:56am Nov 10, 2008 8:56am
Quoting eddiemiller
Cobra.....
You actually backed up your feeling with hard evidence in you post ..."There was no valid...." It is this I am trying to understand, and this can certainly be taught.
Keep up the good work........
What you can't teach is the feeling, it comes with the time.

When a price hangs around a TL or resistance - support is no good idea to take a position against it till it get broken.

Don't worry you are on a good way like I see from your posts and PM's.
  • #44,394
  • Nov 10, 2008 9:00am Nov 10, 2008 9:00am
hi traders

hope all of you doing great in your own trade.

i forecast today @ market open the continuation of down trend for euro+cable and here we witness the start of bearish activity after day was tend to be under retrace activity.

here is my charts for you guys describe my views and my handwork.

& always remember the fundamentals
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( up move) 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
in threads we call this move the {news}.

trade well&have fun.
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  • #44,395
  • Nov 10, 2008 9:00am Nov 10, 2008 9:00am
This is completely off topic, but what sort of money do you think needs to be put down (eg by a central bank or another big player) force a serious move in the price of a pair?
  • #44,396
  • Nov 10, 2008 9:01am Nov 10, 2008 9:01am
Cobra,

Thanks for the info.

Time doesn't teach feelings tho, it's the processes you are doing that is teaching you the feelings. I am just wanting a better understanding of what happens inside your head when you "see" the charts, look at the indicators - and then you get a "feeling"......

If I wante the same feeling I would need to start bt mideling what you are doing... thats what will allow me to share your expericnce and start to learn.

Its a well founded priciple of human undeerstanding and learning, I wrote my PHd on it.

Thanks again....

(still feeling it going down? :-) )
  • #44,397
  • Nov 10, 2008 9:05am Nov 10, 2008 9:05am
How important historically is R1?
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  • #44,398
  • Nov 10, 2008 9:05am Nov 10, 2008 9:05am
Quoting eddiemiller
This is what I am getting t - you said above that as a result of looking at the charts you get a feel for the market. I am trying to identify (or model to be technical) what "feeling" is triggered from the chart aspect of the process, leading to the trade.

The "feeling" is simply a response to the information presented matching past patterns of success that has triggered a good outcome. This is what I am trying to identify.

I hope that makes sense... I am in the psychotherapy industry and pattern recognition (modelling) is something I have worked on for many years.....
Yeah I agree with you.
  • #44,399
  • Nov 10, 2008 9:08am Nov 10, 2008 9:08am
I've lost 1% for the day so I'm outta here

I can see that it is going to take me some time to get used to this slow volatility again. The ATR on the 30min tiime frame is at 33pips. Normally it is around 50-60pips.

Counter trend trading can bite one in the ass pretty bad sometimes.
  • #44,400
  • Nov 10, 2008 9:14am Nov 10, 2008 9:14am
Quoting eddiemiller
How important historically is R1?
Pivots can be thrown off track by gaps up or down but historically no level is more or less important. It is how price reacts each day at each level that is important.

Meaning the pivot point is watched by a majority of traders but if some big bank wants to push right through and push back through the other way it will happen no matter what we little guys have to say about it.
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