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  • #321
  • Mar 12, 2009 12:37am Mar 12, 2009 12:37am
It used to be until Lehman fell.

Quoting doblece
A very peaceful currency pair, IMO.
  • #322
  • Mar 12, 2009 12:37am Mar 12, 2009 12:37am
Quoting Bemac
{ Just took the opportunity to pass a little gas.}
Quoting tdion
This is why I love having Bemac around....
or at least nearby in the other room...
FUBAR...
  • #323
  • Mar 12, 2009 12:46am Mar 12, 2009 12:46am
I am a short term momentum trader, and can say that 12 out of my last 14 EURUSD trades have been losers. Is anyone else not enjoying the current choppiness? Geez....
  • #324
  • Mar 12, 2009 12:47am Mar 12, 2009 12:47am
Quoting ak4x
Well CC... I would nominate you as First Lady of FF...

When it is Time, you must be sure to tell us more about the book...
What else to expect from an accomplished Knight like you but the utmost chivalry? Feels great to get your flowers from time to time

Sounds weird though. I tend to forget my gender when I'm wearing the hauberk... as my eldest son said to me once: "Why this urge to be labeled as a "Man"* (or a woman in due case)? I'm just a human being and that's what really counts."

*in the "macho" sense


Glad to know your wife shares a little your fib drawing on mountains... or is it clouds?

P.S.: The "book" is only a long-winded ghost-writing task. Won't be "mine". So I guess I won't have much to tell about it...
  • #325
  • Mar 12, 2009 12:55am Mar 12, 2009 12:55am
Quoting tdion
Is anyone else not enjoying the current choppiness? Geez....
No, it does get Tedious in the extreme...
FUBAR...
  • #326
  • Mar 12, 2009 1:06am Mar 12, 2009 1:06am
Quote
I am a short term momentum trader, and can say that 12 out of my last 14 EURUSD trades have been losers. Is anyone else not enjoying the current choppiness? Geez....

For me it's been very difficult to make a short term EURUSD trade work off momentum. Sometimes a confirmed breakout pullback works, but mostly it's been playing the range. Fade tails off yesterday's high or low. Has been working very well recently.

So I guess to that end, I am enjoying the choppiness.
  • #327
  • Mar 12, 2009 1:10am Mar 12, 2009 1:10am
Quoting tdion
I am a short term momentum trader, and can say that 12 out of my last 14 EURUSD trades have been losers. Is anyone else not enjoying the current choppiness? Geez....
Be sure to always keep an extra pair of greaves...

Please accept my welcome gift (those are greek greaves, BTW).
Glad to see you around the table.
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  • #328
  • Mar 12, 2009 1:24am Mar 12, 2009 1:24am
Quoting NuckingFuts
Also note that it is an incomplete article. If anyone knows where to find the rest of it, or the author, please do let us know.
Todd Krueger

http://www.sfomag.com/article.aspx?ID=907&issueID=55

(hint: take a long sentence or paragraph of any given text and feed it to Google. It will usually give you back a whole meal...)
  • #329
  • Mar 12, 2009 1:34am Mar 12, 2009 1:34am
Just took a long off the 3rd tap of the xx00 figure. came back and stopped me out for +3.

I'm now thinking it wants to pull some more premature longs in and then slam it down to the Pivot at 2771ish, also my 1hr Lower BB (15,2,2) ,, then take it back north without a lot of baggage hanging on to it, clearing the stops off any shorts trying to hitch a ride as well.

Then again, maybe I've been staring at this screen for too long.

((Why am I calling it an "it" and ascribing "desires" to "it". Should I be worried?))
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FUBAR...
  • #330
  • Mar 12, 2009 1:38am Mar 12, 2009 1:38am
Thing is moving sideways atm. Until we see some range expansion, trades are going to get chopped.

With the failure ranging at yesterday's high it's highly likely that today will be a down day. Unless we break above yesterday's high and confirm, I'm not going long today. In the meantime, waiting for range expansion and some southward PA. It would not surprise me to see that around the pivot (mine shows 1.2762 tho).
  • #331
  • Mar 12, 2009 1:52am Mar 12, 2009 1:52am
Quoting doblece
Todd Krueger

http://www.sfomag.com/article.aspx?ID=907&issueID=55

(hint: take a long sentence or paragraph of any given text and feed it to Google. It will usually give you back a whole meal...)
OMG

Thank you!!!!
  • #332
  • Edited 2:28am Mar 12, 2009 1:55am | Edited 2:28am
Quoting NuckingFuts
I have been asked by Mr. Ak to post this in here, with great pleasure.

I was recently told by someone on this forum that PA does not always reveal the true intentions of the market movers. I strongly disagree. There is always a hint or melody in there somewhere.

One of the reasons why I do not trade the smaller time frames is because of the snippet below. To do it effectively and consistently, you really have to be on your game. The stress and amount of work involved is too much for me. Sure some can do it, not denying this. Kudos...
"I was recently told by someone on this forum that PA does not always reveal the true intentions of the market movers."
If you are referring to me, I explained that PA can be deceiving. For example (and I think I used this once before), PA can be going up....does that mean we should buy? Does that mean the big boys are buying? Suppose at the top the "volume" suddenly escalates and then the PA turns with a vengeance and drops, literally drops dozens of pips in a matter of seconds! PA by itself can be very deceiving. If the Big Boys want a higher price to unload at, then they can work it up in such a way as to make others THINK it is buying time.

So, the problem is HOW to read the PA.....how to KNOW went PA up means buy, and when it doesn't. And THAT edification seems to be skirted around, so far, by those that talk like they know how to read PA. So, those of you who really do know how to read PA, instead of just arguing "that PA always reveals the true intentions of the market movers...", please EXPLAIN just how to read PA to the rest of us! Many thanks.

This link that Doblece posted (http://www.sfomag.com/article.aspx?ID=907&issueID=55) takes you to a darned good explanation of how the Big Boys, the market movers, dump into the herd's buying and then also go short while the herd is still buying. As explained, volume and PA together, not just PA by itself, are the key elements to the manipulations of the market movers....they have to get the herd excited about the PA to get them to start buying in sufficient quantity for the pump to dump strategy to work. So volume is as important as PA. PA without volume is just the market movers playing with themselves. Nothing substantial will come of it unless the herd takes the bait and volume comes in.
  • #333
  • Mar 12, 2009 2:04am Mar 12, 2009 2:04am
Quote
So, the problem is HOW to read the PA.....how to KNOW went PA up means buy, and when it doesn't. And THAT edification seems to be skirted around, so far, by those that talk like they know how to read PA. So, those of you who really do know how to read PA, instead of just arguing "that PA always reveals the true intentions of the market movers...", please EXPLAIN just how to read PA to the rest of us! Many thanks.

That's a valid point, but most "PA" isn't as simple as "up = buy, down = sell." Instead most "price action" revolves around certain patterns that go to a deeper psychology. Check clockwork's thread if you want more info.
  • #334
  • Mar 12, 2009 2:10am Mar 12, 2009 2:10am
Here are my 12 losers, for anyone interested.
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  • #335
  • Edited 2:32am Mar 12, 2009 2:16am | Edited 2:32am
In line with my previous devious theory about what "it" was doing, I've gone long ONE MORE TIME at 2775. This one is it. I will concede this battle and retreat for a time if it goes awry on me... but the War? Never!!

Feeling like death by a dozen cuts here at times tho...
http://www.forexfactory.com/showpost.php?p=2597590&postcount=329
FUBAR...
  • #336
  • Mar 12, 2009 2:26am Mar 12, 2009 2:26am
Siam, welcome to the table.. I've enabled you to post if you'd like after seeing your background... any thoughts?
FUBAR...
  • #337
  • Mar 12, 2009 2:46am Mar 12, 2009 2:46am
EU: I think it is about to embark on a substantial trip south.....
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  • #338
  • Mar 12, 2009 2:46am Mar 12, 2009 2:46am
Quoting tdion
Here are my 12 losers, for anyone interested.
A point of view from a counter-trend shorter-term trader (would that help?)
I am assuming that it's H1.
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  • #339
  • Mar 12, 2009 3:04am Mar 12, 2009 3:04am
Out for a couple pips each ((just barely!!) on my last two attempts. Will sleep on it and see what tomorrow brings... This has been some tuff trading.
FUBAR...
  • #340
  • Mar 12, 2009 3:05am Mar 12, 2009 3:05am
I can absolutely appreciate what you've done with drawing trendlines on my chart. I only realized that about half an hour ago... very nice trendlines for now.

These trades are all based on candlestick patterns in the hourly and lower timeframes.... most are ones I've "discovered" for EURUSD instead of reading them out of a book. There is some market timing in my trades too.

Now it may appear that this is a hideous way to trade, but it does very well most of the time. This is one of those long losing streaks that is bound to happen with my way of trading. Overall, the system is up about 800 pips this year, so I am pleased.

Now, Ms. Doblece, about your Bollinger Band trades. WHY EVEN USE THEM? They repaint! Your entries look impressive, but are those the actual entries? You seem far more advanced than me..... but then again, perhaps being primitive is better. I digress.


PS) I did a great job of picking tops and bottoms, just in the wrong order.
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