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  • #47,141
  • Nov 26, 2008 1:15am Nov 26, 2008 1:15am
Quoting merweg
Psiholog, I like the postings of you charts and I use trendlines and sup. and res. all the time. But is there a way that will tell us that at that exact point the market will turn,come what may like Algirdas put it . There must be something out there or am I just plain stupid.
i will give you my honest opinion on this. we all have the same charts..see the pa and most often agree on strong supports or resistances. what we dont agree on is what happens once those levels get reached. at that point gauging market sentiment is crucial. most often when news is not in the picture...gauging market sentiment is easy...whether its just knowing the overall trend...how erratic pa is or whatever. to know exactly why pa acts as it does ahead of time and the direction it will take from there...that part to me is dependent on knowing the news. the problem is the news is not something we are aware of..the news that counts at least. i think market makers knew this bailout plan that came out during ny session would come out days ago which is why the dollar got weaker most of this week...a simple case of "buy the rumor sell the news". and in my very honest opinion...i think algirdas knew too. i may be wrong but if im right...he may have access to news we get only after it is released. do note that once big news is out of the picture it is alot easier for the rest of us to predict future direction
Different opinions highly valued, ignorant to slander.
  • #47,142
  • Nov 26, 2008 1:24am Nov 26, 2008 1:24am
Trichet is going to speak. 08:30 gmt
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #47,143
  • Nov 26, 2008 1:26am Nov 26, 2008 1:26am
I think you are right. Lets search for that crystalball.
  • #47,144
  • Nov 26, 2008 1:53am Nov 26, 2008 1:53am
Maybe 150 pips/day isn't so difficult afterall. I opened a new demo acccount today (ODL resets them every 30 days) and just did some PT off and on and ended up doing 150 pips. I had no idea I was up this much until I looked at the history. I mostly trade DeMark trend lines, Pivots, FIbs, etc. Nothing exotic. I guess I am going to have to rething my Take Profit strategy.

185563722008.11.25 17:24sell1.00usdjpy95.100.0095.052008.11.25 18:0295.050.000.000.0052.60 185573042008.11.25 17:35buy1.00eurusd1.29920.00000.00002008.11.25 18:101.29990.000.000.0070.00 185568032008.11.25 17:28sell1.00audusd0.64270.00000.64202008.11.25 19:150.64200.000.000.0070.00 185596342008.11.25 18:08sell1.00eurusd1.29920.00001.29762008.11.25 19:171.29760.000.000.00160.00 185612822008.11.25 18:30buy1.00eurusd1.30430.00001.30632008.11.25 20:171.30630.000.000.00200.00 185565402008.11.25 17:25buy limit1.00eurusd1.29450.00000.00002008.11.25 23:341.3034cancelled 185647872008.11.25 19:17sell1.00eurjpy123.690.00123.232008.11.26 03:18123.230.000.00-18.17484.32 185783972008.11.26 01:01sell1.00eurusd1.30220.00001.29622008.11.26 07:351.29700.000.000.00520.00 185931952008.11.26 07:23sell1.00eurusd1.29790.00001.29602008.11.26 07:441.29750.000.000.0040.00 0.00 0.00 -18.17 1 596.92 Closed P/L: 1 578.75

//sorry for the formatting.
  • #47,145
  • Nov 26, 2008 1:54am Nov 26, 2008 1:54am
Quoting geojams
I've tried THV a few times but just can't get it to work for me. I am still looking for a system that I like that can generate 50 pips/day or 250/week. I am close but not there yet.
With all due respect, and independently of the accuracy of any given system, in the end who "generates the pips" is the trader behind the system, No system (unless an EA) will pull the trigger for you at the appropriate time...

System are just tools, some better than others, to help frame the vision of the market and focus on a single point to be able to act on it. Everyone has different needs or styles, but the main element is the human being who clicks buy or sell, with his/her emotions, discipline or lack of it, and observance of the plan set or plain randomness. And consistency.
  • #47,146
  • Nov 26, 2008 1:54am Nov 26, 2008 1:54am
that's was on hell of iceberg order on one 1min chart
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #47,147
  • Nov 26, 2008 1:55am Nov 26, 2008 1:55am
well now...we just broke the lower wall of the uptrend we havent been able to break since 1.2450...still...id rather just wait for further downside and a retest later before taking any positions on..good pippin all..i may just go to sleep

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Different opinions highly valued, ignorant to slander.
  • #47,148
  • Nov 26, 2008 2:08am Nov 26, 2008 2:08am
Quoting doblece
With all due respect, and independently of the accuracy of any given system, in the end who "generates the pips" is the trader behind the system, No system (unless an EA) will pull the trigger for you at the appropriate time...

System are just tools, some better than others, to help frame the vision of the market and focus on a single point to be able to act on it. Everyone has different needs or styles, but the main element is the human being who clicks buy or sell, with his/her emotions, discipline or lack of it, and observance of the plan...

Don't I know it. I tried almost every system in the Trading Systems thread and got nowhere. It wasn't until I sat down and devised my own system that I really got anywhere.

One thing I realized was that people mostly concentrate on "when to enter" but that isn't half as important as when to exit. That's where the pips are made or lost, not on the entry. When I started concentrating on my exit strategy is when I started making more pips.

Now the psychological aspect...that is another subject entirely...
  • #47,149
  • Nov 26, 2008 2:26am Nov 26, 2008 2:26am
Descending to (thru?) central fib pivot......89sma down below......pump up time for the taking on of short positions now over....?
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  • #47,150
  • Nov 26, 2008 2:37am Nov 26, 2008 2:37am

AL Alhamdulillah (thank god) for such progress i found in Da market

i hope all of you doing great in your own trade

for euro+cable the trend still under bearish activity

untill now the down trend make my total profits in euro 3000 pip& cable 5000 pip.



& all the past up move was just retrace coz with euro price Gathering more momentum to break more levels to complete his down trend cycle
so i forecast more bearish activity but i will put fundamentals in my mind too & to be clear with you:
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 to the up 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 .

so trade well my friend and trade well.
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  • #47,151
  • Nov 26, 2008 4:48am Nov 26, 2008 4:48am
Wait for triangle break
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  • #47,152
  • Nov 26, 2008 5:02am Nov 26, 2008 5:02am
which way you think
Lets Soar The Sky
  • #47,153
  • Nov 26, 2008 5:03am Nov 26, 2008 5:03am
Now looking for new Entry:

EUR/USD Buy near 1.2927
GBP/USD Buy near 1.5247
AUD/USD Buy near 0.6423
NZD/USD Buy near 0.5413

USD/CAD Sell near 1.2315
USD/CHF Sell near 1.1937
USD/JPY Buy near 94.47
{Promotion Removed}
  • #47,154
  • Nov 26, 2008 5:05am Nov 26, 2008 5:05am
Seem supported at ard 1.2955.
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  • #47,155
  • Nov 26, 2008 5:36am Nov 26, 2008 5:36am
resuming bull?!!
Lets Soar The Sky
  • #47,156
  • Nov 26, 2008 5:40am Nov 26, 2008 5:40am
very well supported along 60s
Lets Soar The Sky
  • #47,157
  • Nov 26, 2008 5:44am Nov 26, 2008 5:44am
pin bar on 5m
  • #47,158
  • Nov 26, 2008 5:45am Nov 26, 2008 5:45am
i think we need wait us session for major break out ...hope u don't miss it
  • #47,159
  • Nov 26, 2008 5:54am Nov 26, 2008 5:54am
Quoting Algirdas
Now looking for new Entry:

EUR/USD Buy near 1.2927
GBP/USD Buy near 1.5247
AUD/USD Buy near 0.6423
NZD/USD Buy near 0.5413

USD/CAD Sell near 1.2315
USD/CHF Sell near 1.1937
USD/JPY Buy near 94.47
Also at 8:30 a.m. ET we'll have a lot of U.S. reports coming out at the same time Personal Goods m/m, Personal Income m/m and Core Durable Goods. It can move market substantially
At 9:42 a.m. ET U.S. Chicago PMI.
At 10:00 a.m. ET New Home Sales.
I would wait until this news parade will be done.
{Promotion Removed}
  • #47,160
  • Nov 26, 2008 6:05am Nov 26, 2008 6:05am
Quoting Algirdas
Now looking for new Entry:

EUR/USD Buy near 1.2927
GBP/USD Buy near 1.5247
AUD/USD Buy near 0.6423
NZD/USD Buy near 0.5413

USD/CAD Sell near 1.2315
USD/CHF Sell near 1.1937
USD/JPY Buy near 94.47
hey Algirdas do you use any SL?
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