Indicators show the past. Price Action "Indicates" the future.
- #18,761
- Jan 15, 2009 10:28pm Jan 15, 2009 10:28pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
- #18,762
- Jan 15, 2009 10:42pm Jan 15, 2009 10:42pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Hey Raczek,
...
About this GY trade, would you mind clarifying to me why did you bet on a
But here are some things to think about while looking at this g/j trade.
Earlier this morning I posted dow's future chart showing very important (imo) resistance level. No one asked about it, so I never bothered explaining , what I was going to do about it...
Have you caught my pb on ucad, I posted yesterday ? I also hinted Dow's daily pinbar today .
If someone can read between the lines, he/she would've seen me betting on $ weakness starting today.
Simply saying, cable gets stronger, dow stops bleeding, geppy goes up.
Guys trading is an art, but it's also fun. I haven't met many poeple on my path, who would appreaciate things, they received on a golden plate. If you watch a good chef and then you prepare your own meals, don't they taste better than TVdinners...
?"...Chasing Livermore..." reminiscences... is a great book full of tips
Appologies for being too cryptic for some..
r
- #18,763
- Jan 15, 2009 10:43pm Jan 15, 2009 10:43pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Raczek uses PA as confirmation of his entry, instead of how we use PA to confirm an entry. lol (Did I say that right . . lol)
I always do everything backwards...
just like here:
.
- #18,764
- Jan 15, 2009 10:50pm Jan 15, 2009 10:50pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
- #18,765
- Jan 15, 2009 11:16pm Jan 15, 2009 11:16pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
you're so right Jim..
I always do everything backwards...
just like here:
.
I believe . . .
- #18,766
- Jan 15, 2009 11:23pm Jan 15, 2009 11:23pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
TP 1 hit successfully. Back to the waiting game...
Regards,
Ghous.
Regards,
Ghous.
I believe . . .
- #18,771
- Edited 1:19am Jan 16, 2009 1:03am | Edited 1:19am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #18,774
- Jan 16, 2009 1:22am Jan 16, 2009 1:22am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
For those that took NZD/USD pin on the daily or anyone else who has any advice...
Where are you taking profits? Price just touched .5500 and retraced back down and I have my first target at .5550
...Don't know, but if I was in trade I'd be still waiting for it to hit that same area you specified earlier. Don't freak out yet. ...You're probably keeping too close an eye on it.
Bundy's status today: "Waiting..."
- #18,775
- Jan 16, 2009 1:47am Jan 16, 2009 1:47am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #18,776
- Jan 16, 2009 1:52am Jan 16, 2009 1:52am
Do get me wrong, I'll be the first one to tell you that razcek possesses some special voodoo powers. But its just a 50% retrace from the last down move.
I don't know how he picks the right countertrend levels
- #18,777
- Jan 16, 2009 1:55am Jan 16, 2009 1:55am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
agree..his entries are amazing..nevers seen before..I feel shocked
I don't know how he picks the right countertrend levels
Bundy's status today: "Waiting..."
- #18,778
- Jan 16, 2009 1:57am Jan 16, 2009 1:57am
- | Commercial User | Joined Dec 2006 | 1,085 Posts
Hey fxproc,
You beat me to it, was exporting and about to post, and saw u already spotted it.
REgards Mr Smith
Nice one Mr Smith
- #18,779
- Jan 16, 2009 2:01am Jan 16, 2009 2:01am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Do get me wrong, I'll be the first one to tell you that razcek possesses some special voodoo powers. But its just a 50% retrace from the last down move.
Bad trading Rac, you should play it fair
I believe . . .
- #18,780
- Jan 16, 2009 2:02am Jan 16, 2009 2:02am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
James may have taken profit already?
...Don't know, but if I was in trade I'd be still waiting for it to hit that same area you specified earlier. Don't freak out yet. ...You're probably keeping too close an eye on it.
I believe . . .