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  • #97,381
  • May 18, 2009 10:51pm May 18, 2009 10:51pm
Quoting behzadov
at this point the wave 4 of 5 can be start. becarefull that this downward movement in next few hours is just a correction (probably up to 50 pips down) and the market is still Bullish to finish the wave 5.

hi brother ..

i like to learn from you Waves .. could you draw some lines to show me the waves (4 nad 5 ) in the charts and how you consider them as 4 and 5

thanx in advance.
Never sell @ lower upward channel unless breacked and vise versa .
  • #97,382
  • Edited 10:56pm May 18, 2009 10:52pm | Edited 10:56pm
Quoting behzadov
I know you dont like Elliott Waves. But this is exactly where these waves can help you dtermine if youa re in a trend direction or correction direction. beleive me that 90 percent of loses happens in correction waves!
No my friend Behzadov, It is not that I don't like technicals. I use them to anticipate Traders' Behavior. All these tools reflect trading patterns. But market forces decide up or down direction. One more bank failure will make you change your arrows or Elliot waves from up to down or re-draw the whole thing again. I look at big picture first, then the technicals to see how traders react to these economic changes. To me, 90% of the losses occur to those who do not carefully analyze economic situation.

But I am only a Gambler not a trader.
The Thief of Wall Street
  • #97,383
  • May 18, 2009 10:57pm May 18, 2009 10:57pm
Quoting Chicky
No my friend Behzadov, It is not that I don't like technicals. I use them to anticipate Traders' Behavior. All these tools reflect trading patterns. But market forces decide up or down direction. One more bank failure will make you change your arrows or Elliot waves from up to down or re-draw the whole thing again. I look at big picture first, then the technicals to see how traders react to these economic changes. To me, 90% of the losses occur to those who do not carefully analyze economic situation.

But I am only a Gambler not a trader.

It's hard to pretend I am not a gambler and it's hard to prove otherwise
At least I have a good money management which is probably the biggest reason for staying in the "game"?
  • #97,384
  • May 18, 2009 10:59pm May 18, 2009 10:59pm
Quoting Chicky
No my friend Behzadov, It is not that I don't like technicals. I use them to anticipate Traders' Behavior. All these tools reflect trading patterns. But market forces decide up or down direction. One more bank failure will make you change your arrows or Elliot waves from up to down or re-draw the whole thing again. I look at big picture first, then the technicals to see how traders react to these economic changes. To me, 90% of the losses occur to those who do not carefully analyze economic situation.

But I am only a Gambler not a trader.
See, wrong again. If you did not look at the big picture you would be a gambler......
  • #97,385
  • May 18, 2009 11:02pm May 18, 2009 11:02pm
Quoting smithbry
See, wrong again. If you did not look at the big picture you would be a gambler......
Gamblers come in two packings. One is marked "Punter" and the other "Bookmaker". I am not the former one, and therefore have to do my homework.
The Thief of Wall Street
  • #97,386
  • May 18, 2009 11:03pm May 18, 2009 11:03pm
Sitting in the middle of a 300 pip trading range.
Attached Image
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #97,387
  • May 18, 2009 11:06pm May 18, 2009 11:06pm
i cant wait when i saw breacking support in PinkPath .. i took short
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Never sell @ lower upward channel unless breacked and vise versa .
  • #97,388
  • May 18, 2009 11:07pm May 18, 2009 11:07pm
Up against a trendline. The old support & resistance game.
Attached Image
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #97,389
  • May 18, 2009 11:08pm May 18, 2009 11:08pm
hi boys...bearish until ZEW?
  • #97,390
  • May 18, 2009 11:08pm May 18, 2009 11:08pm
I like how alot of some of you guys put charts with future projections and then forex comes along and makes a mess of your chart...hahahaha
  • #97,391
  • May 18, 2009 11:10pm May 18, 2009 11:10pm
good morning every one
  • #97,392
  • May 18, 2009 11:12pm May 18, 2009 11:12pm
Quoting Chicky
No my friend Behzadov, It is not that I don't like technicals. I use them to anticipate Traders' Behavior. All these tools reflect trading patterns. But market forces decide up or down direction. One more bank failure will make you change your arrows or Elliot waves from up to down or re-draw the whole thing again. I look at big picture first, then the technicals to see how traders react to these economic changes. To me, 90% of the losses occur to those who do not carefully analyze economic situation.

But I am only a Gambler not a trader.
Somehow you are right. But I'm sure you are not a gambler because you check the charts.

to be honest with you, chosing a good strategy is important but the most important one is money management and risk management. I have a friend who doesnt know anything about different strategies he just decides to buy or sell when he enter to the market but with good knowledge of risk managment and money management and chosing a suitable risk to reward. you cant believe if I say you he is a winner in long term and he has a good income from forex.

Anyway each person must find his way. Maybe I feel fine with elliot and someone else with Cammerilla and another one with NTD and so on....
even chosing the time frames is something personal. I like 4h and hate sculping but I know many friends who are sculper and take good profits.

everything in this market is up to you and Forex is a place where you can find who you are.

youa re still my good friend and I beleive you way of trading is professinal enough.

behzadov
  • #97,393
  • May 18, 2009 11:13pm May 18, 2009 11:13pm
i can tell u 90% of the people talking here loses money
  • #97,394
  • May 18, 2009 11:17pm May 18, 2009 11:17pm
Quoting Alihuzaifa
good morning every one
Good morning, Ali.
The Thief of Wall Street
  • #97,395
  • May 18, 2009 11:17pm May 18, 2009 11:17pm
Quoting shadowman
i can tell u 90% of the people talking here loses money
Mate, you're 110% right,I've been following the forum a while and yes, I agree maybe eve more than 90% of them lose money!
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  • #97,396
  • May 18, 2009 11:17pm May 18, 2009 11:17pm
Quoting shadowman
i can tell u 90% of the people talking here loses money
i can tell you 100% of people here lose money from time to time..
those who can, do. those who cant, talk about those who can
  • #97,397
  • May 18, 2009 11:18pm May 18, 2009 11:18pm
Quoting shadowman
i can tell u 90% of the people talking here loses money
I hope not it's the only job I've got !!!!!!!
  • #97,398
  • May 18, 2009 11:19pm May 18, 2009 11:19pm
Quoting 2+2=4ex
I like how alot of some of you guys put charts with future projections and then forex comes along and makes a mess of your chart...hahahaha
my desending stairs are still intack
those who can, do. those who cant, talk about those who can
  • #97,399
  • May 18, 2009 11:20pm May 18, 2009 11:20pm
i love charting coz it has endless possiblities
  • #97,400
  • May 18, 2009 11:21pm May 18, 2009 11:21pm
Quoting gatorinla
i can tell you 100% of people here lose money from time to time..
I find hindsight trading to be 100% profitable.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
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