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  • #88,961
  • Apr 23, 2009 1:14pm Apr 23, 2009 1:14pm
what you mean by "forum-indicator"
Just curious!
  • #88,962
  • Apr 23, 2009 1:15pm Apr 23, 2009 1:15pm
Quoting KillerWhale
Yes, it was JW.
One thing happened this week that I'm very happy about:
I have found out that my newly developt and implemented "Forum-Indicator" is one of the most reliable indicators that I have ever used (sofar).

Shamu
if you got a big enough sl they all work.. everyone but the last one..
those who can, do. those who cant, talk about those who can
  • #88,963
  • Apr 23, 2009 1:16pm Apr 23, 2009 1:16pm
Forum indicator might be - the reading of what others telling on EUR/USD thread.
  • #88,964
  • Apr 23, 2009 1:27pm Apr 23, 2009 1:27pm
Quoting joldas
Forum indicator might be - the reading of what others telling on EUR/USD thread.
That indicator is always right some of the time!
  • #88,965
  • Apr 23, 2009 1:28pm Apr 23, 2009 1:28pm
Quoting joldas
Forum indicator might be - the reading of what others telling on EUR/USD thread.
"Forum-Indicator" = get a taste of what the general opinion is on the forum and then go the opposite direction.
And if 95% of traders lose, it makes perfectly sense to me.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #88,966
  • Apr 23, 2009 1:34pm Apr 23, 2009 1:34pm
Quoting KillerWhale
"Forum-Indicator" = get a taste of what the general opinion is on the forum and then go the opposite direction.
And if 95% of traders lose, it makes perfectly sense to me.
95% of traders losing doesn't necessarily mean that they didn't go in the "right direction", perhaps they just chose a wrong entry point and didn't place the SL wisely enough... That is the main reason why I lose.

Doh! I didn't mean to do that.
  • #88,967
  • Apr 23, 2009 1:53pm Apr 23, 2009 1:53pm
short 1.3122
Some drink at the fountain of knowledge. Others just gargle !
  • #88,968
  • Apr 23, 2009 2:05pm Apr 23, 2009 2:05pm
Quoting KillerWhale
Yes, it was JW.
One thing happened this week that I'm very happy about:
I have found out that my newly developed and implemented "Forum-Indicator" is one of the most reliable indicators that I have ever used (sofar).

Shamu
there may be some credence to your indicator. fxcm uses their own SSI indicator (speculative sentiment index) which quantifies all of the positions their retail traders are holding. if the majority of them are short, they say go long, as vice versa (basically, they say expect a move in opposite direction of retail traders). if u are a customer of theirs, you can see this daily in Dailyfxplus.
"i wake up in the morning, and i piss excellence"
  • #88,969
  • Apr 23, 2009 2:05pm Apr 23, 2009 2:05pm
Quoting KillerWhale
"Forum-Indicator" = get a taste of what the general opinion is on the forum and then go the opposite direction.
And if 95% of traders lose, it makes perfectly sense to me.
Many who tried this are also among that 95%. But as far as I know very close to 100% traders lose. Why? because they don't want to win. How? They accept profits far less than risk they take. If you want to play in reverse direction, this is the direction you should reverse not the one you mentioned. Honestly try this for 200 trades on one hour chart, you won't regret.
The Thief of Wall Street
  • #88,970
  • Apr 23, 2009 2:15pm Apr 23, 2009 2:15pm
Quoting psiholog
current technical analysis


The downtrend we were in was officially broken and retested (almost perfectly according to Derek's wave theory) and room for continuation up to 1.3130 is within reach. Why 1.3130...that level was the last major support before the run south and was never retested. Now as a retest is just around the corner, we will see whether it has become strong Resistance or not. It will ultimately answer the question...are we going towards new lows (below 1.24xx) or are we ranging still until who knows when.

Attachment ...
Well we got as close to 1.3130 as close gets. Current pa suggests a retracement at least portrayed by this sharp rising uptrend contained within a channel...as soon as that lower trendline gets broken...bears come into play again with the first newly formed support at...1.3075 or so...we break that....1.3030 is not out of the question

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 16 KB
Different opinions highly valued, ignorant to slander.
  • #88,971
  • Apr 23, 2009 2:15pm Apr 23, 2009 2:15pm
Quoting Chicky
Many who tried this are also among that 95%. But as far as I know very close to 100% traders lose. Why? because they don't want to win. How? They accept profits far less than risk they take. If you want to play in reverse direction, this is the direction you should reverse not the one you mentioned. Honestly try this for 200 trades on one hour chart, you won't regret.
Lol, I'm perfectly okay. The real indicators I most rely on are shown on the MT4 charts when I post them. Most important on 1 and 4 hour: Gann HiLo, QQE and Momentum
If you have enough patience to trade the 4 hour chart, winning is easy using these indicators. The only difficult part is (for me) the patience you need.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #88,972
  • Apr 23, 2009 2:25pm Apr 23, 2009 2:25pm
Quoting gatorinla
i believe that was jw and his entry is 3250.. but i could be talking out of turn..

keep long for the weekly trader
  • #88,973
  • Apr 23, 2009 2:25pm Apr 23, 2009 2:25pm
Quoting KillerWhale
Lol, I'm perfectly okay. The real indicators I most rely on are shown on the MT4 charts when I post them. Most important on 1 and 4 hour: Gann HiLo, QQE and Momentum
If you have enough patience to trade the 4 hour chart, winning is easy using these indicators. The only difficult part is (for me) the patience you need.
And Fib's
New voice message: Why are you calling me? If I need you, I'll call you!
  • #88,974
  • Edited 2:34pm Apr 23, 2009 2:28pm | Edited 2:34pm
Quoting KillerWhale
Lol, I'm perfectly okay. The real indicators I most rely on are shown on the MT4 charts when I post them. Most important on 1 and 4 hour: Gann HiLo, QQE and Momentum
If you have enough patience to trade the 4 hour chart, winning is easy using these indicators. The only difficult part is (for me) the patience you need.
Trading and patience don't go together however, fear, greed, indecision and impatience do.

Show me a trader who enters only when confident; gets out as soon as target acheived; stays at sidelines most of the time waiting for right opportunity to present itself; and, risks as little as possibe believing that nothing is guaranteed ......... and I will show you a winner.
The Thief of Wall Street
  • #88,975
  • Apr 23, 2009 2:39pm Apr 23, 2009 2:39pm
We all have our beliefs and that is after all how a market operates. One thinks higher, another lower.

IMO the vast majority lose for the simple reason they can't take a loss and move on.
  • #88,976
  • Apr 23, 2009 2:41pm Apr 23, 2009 2:41pm
Quoting Chicky
Trading and patience don't go together however, fear, greed, indecision and impatience do.

Show me a trader who enters only when confident; gets out as soon as target acheived; stays at sidelines most of the time waiting for right opportunity to present itself; and, risks as little as possibe believing that nothing is guaranteed ......... and I will show you a winner.
Why am I not a winner then??? Why? Why? Why????? Is it because "confidence" is based on perception and that perception isn't necessarily "reality"?
Doh! I didn't mean to do that.
  • #88,977
  • Apr 23, 2009 2:47pm Apr 23, 2009 2:47pm
1.3125
I love when the alert sound of target price reached sounds....



another 145 pips.
+ 120 pips before... I'm done for the week

still have more longs from 1.2890 (this was a lucky scalp that I decided to set at breakeven and run and never got stopped) not part of my long term strategy but it is becoming a serious profitable trade.

next stop... the weekly pivot.
  • #88,978
  • Apr 23, 2009 2:53pm Apr 23, 2009 2:53pm
damn..... weekly pivot hit... faster than I can type in the forum. LOL
  • #88,979
  • Apr 23, 2009 2:53pm Apr 23, 2009 2:53pm
Quoting *Pipster*
Why am I not a winner then??? Why? Why? Why????? Is it because "confidence" is based on perception and that perception isn't necessarily "reality"?
For three reasons, my friend
1. Your trades are not persistent
2. Your stoplosses are bigger than your takeprofits (not when you set them but when you actually close your positions)
3. Your bites are bigger than what you can swallow

Think and let me know if there is anything else. It will add to my knowledge and will be highly appreciated.
The Thief of Wall Street
  • #88,980
  • Apr 23, 2009 3:01pm Apr 23, 2009 3:01pm
They managed to prevent a crisis occuring in early 2000's then mid 2000s. This time if we try to get a quick fix we will be back to where we were 3 months ago in 3 years. Recessions occur for economies to rebalance. Oil consumption will deteriorate. If people think these rallies signal end of crisis we will have the same crap we had last year with oil. Oil is replacable and is being replaced right now.

If we return to dollar weakness and stock market rally, there will be a repeat of 2002-2008 and another 6 more years wasted and we will be back to square one. Fortunately when there is technological driven growth a period we should enter to rebalance the economy poorer countries tend to be worse off. Which is what happened in 1990s. End the communism of helping the poorer. Capitalism will not work with oil anymore. Thankfully one group will loose out.
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