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  • #55,801
  • Edited 11:33am Jan 12, 2009 11:11am | Edited 11:33am
Quoting Dazzer
... Hate calling live trades though. Unnecessary added pressure me thinks.
Very good point if you're scalping or in any other form of short term trading during volatile PA.

I myself ((rarely)) would not do it and know several others that feel the same way. If you open a trade and it's going to run for a bit then knock yourself out. But please don't feel like you need to post all your doings here in real time in order to validate something. You'll lose your trades long before you ever gain any recognition for them. I doubt anybody here wants to see that.

First Rule is Focus, second rule is remember the First Rule... Trade well.
FUBAR...
  • #55,802
  • Jan 12, 2009 11:12am Jan 12, 2009 11:12am
Quoting ntoller
careful people. options have just expired. could be some more sudden movement
Care to give some more info about this? Didn't know about it.

/H
  • #55,803
  • Jan 12, 2009 11:16am Jan 12, 2009 11:16am
Quoting val23
hey i`m new in the forex world a question to all is today a god day sell EURvsUSD or it lucks like its going to go back up thanks to all.....
Overall we've a had a bearish day today, but it all depends on when and where you took your position. I have a feeling that the sell off earlier has given rise to a few bullish opportunities. We bounced off the 6th Jan low, which is significant. Just look at M15. We may return to re-test that though. Better be careful.

Just an opinion as always (which is frequently wrong)

Hehehe
  • #55,804
  • Jan 12, 2009 11:18am Jan 12, 2009 11:18am
Ok both stops moved to 1.33641 on 2 trades. One will BE and the other for a guaranteed 13pips profit.
  • #55,805
  • Jan 12, 2009 11:20am Jan 12, 2009 11:20am
Quoting sccz97
actually ... the drop in eur$ is due to snp saying it may cut spain's AAA rating
Incredible, I just found the news about this here. My regular source of news did not report this.

Thanks for pointing it out. Well the economy of Spain is in really bad shape that's for sure.

/H
  • #55,806
  • Edited 11:25am Jan 12, 2009 11:20am | Edited 11:25am
Quoting ma_cowburn
what does that mean ? No fimilaiar wwith that term yet!
the cup and handle is a continuation pattern, it means i am bearish and i am looking on smaller timeframes , for shooting positions low.
everything is for the moment on the level in which the cup and handle breaks
which will give me the entry point with a tight SL above the breaking point

look at this link
http://stockcharts.com/school/doku.p...up_with_handle
hope this helps
  • #55,807
  • Edited 11:48am Jan 12, 2009 11:22am | Edited 11:48am
Quoting gregam1128
Do you use MT4?
For charting yes, for trading I use TWS (interactive brokers client, looks a lot like excel and charts are awful)
  • #55,808
  • Jan 12, 2009 11:25am Jan 12, 2009 11:25am
Quoting ak4x
Very good point if you're scalping or in any other form of short term trading during volatile PA.

I myself would not do it and know several others that feel the same way. If you open a trade and it's going to run for a bit then knock yourself out. But please don't feel like you need to post all your doings here in real time in order to validate something. You'll lose your trades long before you ever gain any recognition for them. I doubt anybody here wants to see that.

First Rule is Focus, second rule is remember the First Rule... Trade well....
Thanks for the advice. I appreciate it.
  • #55,809
  • Jan 12, 2009 11:26am Jan 12, 2009 11:26am
Quoting Dazzer
Ok both stops moved to 1.33641 on 2 trades. One will BE and the other for a guaranteed 13pips profit.
And thats exactly what I got
  • #55,810
  • Jan 12, 2009 11:27am Jan 12, 2009 11:27am
Quoting gregam1128
....... to make this thread what you want it to be. This is a thread that was started by SNPRR. He would be the only person who could accurately say what he wanted this thread to do.....
The thread author made a grand total of 11 posts and vanished long ago (April 2004). IMO his prerogative to specify what should/shouldn't be posted ended then.

The fact that there are many others posting how many pips they are making all the time does not mean it isn't shouldn't be pointed out how little most of us care. Newbies are probably impressed or are too new to understand which traders need to beat their chest and which don't.

If some feel the need to blab about their winning trades (real or imaginable) rather than make their posts speak for themselves, so of us think it just should be pointed out. What really is wrong with that?
  • #55,811
  • Jan 12, 2009 11:28am Jan 12, 2009 11:28am
Quoting Hct1
Incredible, I just found the news about this here. My regular source of news did not report this.

Thanks for pointing it out. Well the economy of Spain is in really bad shape that's for sure.

/H
Yep thanks for that.
  • #55,812
  • Jan 12, 2009 11:29am Jan 12, 2009 11:29am
Quoting Hct1
Incredible, I just found the news about this here. My regular source of news did not report this.

Thanks for pointing it out. Well the economy of Spain is in really bad shape that's for sure.

/H
Thanks for the update.
Te Euro has more room to fall.
  • #55,813
  • Jan 12, 2009 11:36am Jan 12, 2009 11:36am
Quoting SunTrader
The thread author made a grand total of 11 posts and vanished long ago (April 2004). IMO his prerogative to specify what should/shouldn't be posted ended then.

The fact that there are many others posting how many pips they are making all the time does not mean it isn't shouldn't be pointed out how little most of us care. Newbies are probably impressed or are too new to understand which traders need to beat their chest and which don't.

If some feel the need to blab about their winning trades (real or imaginable) rather than make...
I'm new to this thread and apologise if I was non pc in calling those last few trades. I really didn't mean to upset anyone.
  • #55,814
  • Jan 12, 2009 11:45am Jan 12, 2009 11:45am
Quoting SunTrader
The thread author made a grand total of 11 posts and vanished long ago (April 2004). IMO his prerogative to specify what should/shouldn't be posted ended then.

The fact that there are many others posting how many pips they are making all the time does not mean it isn't shouldn't be pointed out how little most of us care. Newbies are probably impressed or are too new to understand which traders need to beat their chest and which don't.

If some feel the need to blab about their winning trades (real or imaginable) rather than make...
so that we could have reasonable debate in private without cluttering the thread. I see that you do not want that. you are now on my ignore list as I tried to be as mature and tolerable of you as possible!
  • #55,815
  • Jan 12, 2009 11:49am Jan 12, 2009 11:49am
Quoting Dazzer
I'm new to this thread and apologise if I was non pc in calling those last few trades. I really didn't mean to upset anyone.
I'm sure the post was not directed at you. There are two points on this issue:

1. Many here feel that simply posting entries and exits is not that useful as it does not convey much helpful information for others to learn from. IMO sharing information others can use should be the main purpose of this thread. It is not wrong to post entries, it's just not so important to other traders.

2. If someone DOES post these trades, they should not be offended if it is pointed out that the information they are providing has little use for others.

I tend to agree with SunTrader.
  • #55,816
  • Jan 12, 2009 11:55am Jan 12, 2009 11:55am
New Video about teaching:
http://www.algforex.com/images/stori...mokymas_1_.wmv
{Promotion Removed}
  • #55,817
  • Jan 12, 2009 12:04pm Jan 12, 2009 12:04pm
Quoting TradeWell
I'm sure the post was not directed at you. There are two points on this issue:

1. Many here feel that simply posting entries and exits is not that useful as it does not convey much helpful information for others to learn from. IMO sharing information others can use should be the main purpose of this thread. It is not wrong to post entries, it's just not so important to other traders.

2. If someone DOES post these trades, they should not be offended if it is pointed out that the information they are providing has little use for others.

I tend...
Thanks for your reply. When I was starting out, I used to look at poster's live trade calls and compare them to the eventual outcome. I found this helped me a great deal if the poster gave reasons for the call.
  • #55,818
  • Jan 12, 2009 12:09pm Jan 12, 2009 12:09pm
Agree. It is not because the chart is bad, but PLEASE give the information how it works. At least a link if you can't explain in one simpe post.

Another useful post is about fundamental issues I think. It is more useful to talk where EURUSD go and why. What is your subjective opinion about the market, how is market sentiment, etc.. Of course you can't trade based on people's opinion but it is always nice to see the other side of the coin.

Quoting TradeWell
I'm sure the post was not directed at you. There are two points on this issue:
Manage your risk accordingly and you're half done your home work.
  • #55,819
  • Jan 12, 2009 12:09pm Jan 12, 2009 12:09pm
Quoting Dazzer
Thanks for your reply. When I was starting out, I used to look at poster's live trade calls and compare them to the eventual outcome. I found this helped me a great deal if the poster gave reasons for the call.
Good point . If the poster gives a good explanation of their trade, that can really help educate others. Look at examples by ak4x, SunTrader, psiholog (where are you psi?), and others, too many to name.
  • #55,820
  • Jan 12, 2009 12:13pm Jan 12, 2009 12:13pm
Quoting TradeWell
Good point . If the poster gives a good explanation of their trade, that can really help educate others. Look at examples by ak4x, SunTrader, psiholog (where are you psi?), and others, too many to name.
But I can not say that if I am not fond of something, that everyone feels the same way. I went back through some of your earlier posts Tradewell, and even you yourself had made calls. Some with no explanation, just the pip gain. But I have never condemned you for that. to each his own. I just won't tolerate stupidity and immaturity. I'm speaking on someone else, no names mentioned.
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