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  • #80,781
  • Mar 27, 2009 3:32pm Mar 27, 2009 3:32pm
Quoting ak4x
This may help explain that last statement if you haven't already seen it...
http://www.forexfactory.com/showthread.php?t=154341
btw; for the "serious; I wanna learn how do this sh*t noobs" here; this is a must follow thread. When I grow up; I wanna be like these guys. O.K. - well except maybe Jay W. ( he's a little to creepy; even for me)
Pip what you see; See what you pip!
  • #80,782
  • Mar 27, 2009 3:36pm Mar 27, 2009 3:36pm
Quoting ak4x
Ahhh.... a fib question, as we round the last turn going into the straight.

Here's the thing. No matter the Answer to your Question, and there are several possibilities such as Yes, No, Maybe, and I Don't Know, you've already gotten a seed of something fixed in your mind as to what the fib will tell you.

It's a fine hair splitting Point to be sure, but rather consider looking at it with a little less "Anticipation" for now. You're just Starting Out with them by your own word...

Learn the Language before you try to interpret the Nuance. Plot...
That was a free mini lesson on fibonacci and forex in general, so thanks a lot, I will try to follow you advice and try to get rid of preconceived ideas as much as possible.
  • #80,783
  • Mar 27, 2009 3:38pm Mar 27, 2009 3:38pm
later folks acidently closed my position.. meant to close 3/4 but screwed up.. up today 11% and change... left a small pending short that may get hit before close..have a good weekend.. oh after profitable i added/exited on the way down positions but sl was always no less then be
those who can, do. those who cant, talk about those who can
  • #80,784
  • Mar 27, 2009 3:38pm Mar 27, 2009 3:38pm
Quoting psiholog
there isnt much of a pattern there. just consolidation at the low in a tight range with the potential to continue down or be the start of a retracement. Considering weekend gaps have shown themselves to be quite common in recent weeks...I recommend you dont read to much into current pa and focus on the sunday open....see how it plays out compared to the strong Support/Resistance levels you have on your charts.

As for me...I'm flat even though I had a great entry off 1.3593 just because so much can change between now and sundays open.

Have...
Just another view... What if it happens to be a 'Flag'?

Failure rate in uptrend: 13%
Failure rate in downtrend: 12%
Average rise in uptrend: 19%, with most likely rise being 20%
Average decline in downtrend: 17%, with most likely decline being 15%
Pullbacks: 20%
Throwbacks: 10%
Predicted price target in an uptrend: 63%
Predicted price target in an [edited]downtrend: 61%

Happy WE to all.

JgrB
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  • #80,785
  • Mar 27, 2009 3:48pm Mar 27, 2009 3:48pm
Quoting emda
don't have to be so difficult. it can be as difficult as you want.... Advice: Start trading the daily charts... not lower timeframes.
Also. Don't expect to master forex soon... it can take years... Don't think it is free money. it is harder than any job out there.... but if you have huge capital to play with. it is easier and very good. If you have little money to put on it... you need.... many years of patience
With the money I have I am afraid it's going to be years of patience route.

My main concern with daily charts is that they require huge stop losses and I am not still confident enough in my skills to run a trade like that for a long time hoping that I made the right decision and then maybe seeing go against me hundreds of pips.
  • #80,786
  • Mar 27, 2009 4:07pm Mar 27, 2009 4:07pm
i hope it will open next week with up gap 60pip and move up for 80pip to be good chance for sell

goodnight and happy weekend
  • #80,787
  • Mar 27, 2009 4:12pm Mar 27, 2009 4:12pm
..... Fundamentally:
See Mainly Trend "Daily, Weekly and Monthly"
Read between the lines what happen to see some important moves against the trend.
You must understand the past move, and read the correction, for how long it will act and a possible TR.
Learn how important people can move the market and for what purpose!

See Daily Chart, Do you think that last months Pattern normal?
So, for abnormal PA, you must trade abnormally!
Patient and 2 or 3% Margin used works, if you know how to read the mentioned above.

Technically:
Use symmetrical Channels, Learn Ichi and cross lines for lower TF.

Why I was so reluctant to see more up move since last 1.3737?

- I liked the number!
- My H4 symmetrical channel told me.
- A Clean Fib stop, I do not use FIB's usually.
- Triple Top.
- and some more, but that is secret, sorry! " A donation and I send my Higher TF charts"


One big secret is read ichi with some intriguing TL, practice how to draw them, you must discover lines where almost no one see it!!

And now price at 1.3300, what's next?
Number for next week: 1.3433, if you see this number being rejected, short at will 1.5% of your account and turn off your computer. By the way I have told here some days ago for you guys to open a short 1% account and leave it until end of the month, I've told you!!

You guys can open already tiny shorts for 1.3255 possible cross Sunday Night, then close some around here and see how 1.3233 will act, a nice cross and 1.3111 is next.

Resuming I only see more drops, for nervous scalpers it is a nightmare, but for patient traders just open shorts tiny ones around here, and wait retraces, you must always leave a gap to fill for possible big up moves, that's one more secret!

But, there are always a but, we may see a new 1.3737 test, I can smell it, 1.3433 or near cross, and it will!

Nice weekend to all!!
  • #80,788
  • Mar 27, 2009 4:12pm Mar 27, 2009 4:12pm
Quoting paulw6182
i goin to c if i can do some demark scalping wish me luck
There is no such thing. Tom DeMark barely recommends trading intraday.
  • #80,789
  • Mar 27, 2009 4:15pm Mar 27, 2009 4:15pm
have a good weekend all
  • #80,790
  • Edited 4:25pm Mar 27, 2009 4:20pm | Edited 4:25pm
I am long and adding longs until it hits 1.3213. Will book loss at 1.3200. It seems it is racing towards 1.3000. If goes below 1.3000 will start re-loading longs. My loss will not exceed 25% of my account. But this is just me, trade your own plans.
The Thief of Wall Street
  • #80,791
  • Mar 27, 2009 4:28pm Mar 27, 2009 4:28pm
Longs?

I will happily take your money

;o)

I will be shorting.

Quoting Chicky
I am long and adding longs until it hits 1.3213. Will book loss at 1.3200. It seems it is racing towards 1.3000. If goes below 1.3000 will start re-loading longs. My loss will not exceed 25% of my account. But this is just me, trade your own plans.
  • #80,792
  • Mar 27, 2009 4:56pm Mar 27, 2009 4:56pm
Quoting guess121
Longs?

I will happily take your money

;o)

I will be shorting.
I will be happy to give it back to you than anyone else. It's very much possible that it could be you on the other end when I made bit by bit in last three weeks.
The Thief of Wall Street
  • #80,793
  • Mar 27, 2009 5:21pm Mar 27, 2009 5:21pm
Quoting Chicky
I am long and adding longs until it hits 1.3213. Will book loss at 1.3200. It seems it is racing towards 1.3000. If goes below 1.3000 will start re-loading longs. My loss will not exceed 25% of my account. But this is just me, trade your own plans.

Sorry but 25% of your account bet on 1.3200 holding is well NUTS, your trying to catch a bottom so 75% chance of it going lower and likely 60% of it hitting your SL.

But I'll be watching and keeping my fingers crossed, IF you get your last 1.3213 buy and don't hit your SL then no doubt you'll make 50% on a good bounce.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #80,794
  • Mar 27, 2009 5:55pm Mar 27, 2009 5:55pm
Quoting Turveyd
Sorry but 25% of your account bet on 1.3200 holding is well NUTS, your trying to catch a bottom so 75% chance of it going lower and likely 60% of it hitting your SL.

But I'll be watching and keeping my fingers crossed, IF you get your last 1.3213 buy and don't hit your SL then no doubt you'll make 50% on a good bounce.
Glad you posted the"Book Loss" Level not eveyone would do so.
Adds an alternative to those that would be long.
Whichever way it goes.. I wish you fortune.
  • #80,795
  • Mar 27, 2009 6:39pm Mar 27, 2009 6:39pm


I wasn't in the trade before... but this is looking good... good luck... bears and bulls... the fight is on!

Good luck, happy pipping!

Quoting Chicky
I will be happy to give it back to you than anyone else. It's very much possible that it could be you on the other end when I made bit by bit in last three weeks.
  • #80,796
  • Edited 7:29pm Mar 27, 2009 7:18pm | Edited 7:29pm
Quoting SeerEye
btw; for the "serious; I wanna learn how do this sh*t noobs" here; this is a must follow thread. When I grow up; I wanna be like these guys. O.K. - well except maybe Jay W. ( he's a little to creepy; even for me)
Just for the record, I haven't grown up. I won't.

I can't.

I'm the most childish person I know. I keep some rubber balls in my pockets to throw around when I'm bored...in public.

I occasionally carry some soap to make bubbles for the same reasons. I have a day job in advertising and it's on my desk.

At my day job, I'm the guy with a slinky and a whoopee cushion. I also have tons of other junk from the novelty store.

I'm on a first name basis with the people at the novelty store. Well, I would be if they didn't have such high turnover.

Some people really believe that I've had a deprived childhood. Nothing could be further from the truth.

Just that I'm the most impatient guy I know and get bored easy. All the s#it I do here keeps my mind racing.

I have a serious side but try not to show it too often. People genuinely get concerned when I do.
Not all sins are created equal
  • #80,797
  • Mar 27, 2009 7:29pm Mar 27, 2009 7:29pm
Quoting Jay Walker
Just for the record, I haven't grown up. I won't.

I can't.
It's apparent and appreciated
Pip what you see; See what you pip!
  • #80,798
  • Mar 27, 2009 8:52pm Mar 27, 2009 8:52pm
Quoting Jay Walker
...Just that I'm the most impatient guy I know and get bored easy. All the s#it I do here keeps my mind racing...
I hear u. i am pretty impatient & get bored easily too..
  • #80,799
  • Mar 27, 2009 9:29pm Mar 27, 2009 9:29pm
While there's still a couple hours left in the day here before midnite...

HAPPY 5th BIRTHDAY
EU THREAD!!



Attached Image
FUBAR...
  • #80,800
  • Mar 27, 2009 9:34pm Mar 27, 2009 9:34pm
Quoting ak4x
While there's still a couple hours left in the day here before midnite...

HAPPY 5th BIRTHDAY
EU THREAD!!

http://londonmarathon.justgiving.com...-fireworks.jpg

WOO HOO!!!

http://bombsite.org/facebook/gallery...dpasimpson.jpg

HAPPY BIRTHDAAAAAAAAY!


Not all sins are created equal
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