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  • #111,701
  • Jun 17, 2009 8:47pm Jun 17, 2009 8:47pm
Quoting 5abi
No stop loss?
Hey, man, I know you got it goin on. Keep on keepin on.

Me though I have had stoploss hit maybe 5-10 times in 700+ live trades since I began. These are "emergency" sl I put on when scalping that got touched in a breakout - just what they were there for. However, everytime a scalp got away from me without a sl it came back to be a winner. I stop trades manually with my big honkin finger. Maybe I'm just lucky, but I'll take it.

Have you read the "Fallacy of Technical Analysis" thread? Interesting perspectives on sl's, R/R, etc in there....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,702
  • Jun 17, 2009 8:51pm Jun 17, 2009 8:51pm
no but i will. there are no arguments to be had here, it is just that I dont scalp much and when i dont set a stop technically it means I am accepting an infinite loss. good luck to u

Quoting The Fool
Hey, man, I know you got it goin on. Keep on keepin on.

Me though I have had stoploss hit maybe 5-10 times in 700+ live trades since I began. These are "emergency" sl I put on when scalping that got touched in a breakout - just what they were there for. However, everytime a scalp got away from me without a sl it came back to be a winner. I stop trades manually with my big honkin finger. Maybe I'm just lucky, but I'll take it.

Have you read the "Fallacy of Technical Analysis" thread? Interesting perspectives on sl's, R/R, etc in there....
Its all in the mind.
  • #111,703
  • Jun 17, 2009 8:55pm Jun 17, 2009 8:55pm
Quoting trading801
anyone sees this too?

daily. assuming the channel holds, it will hit around 1.4000 again in days to come?

please guide me...

wow it almost hit 1.4 first time my tech analysis works
  • #111,704
  • Jun 17, 2009 9:05pm Jun 17, 2009 9:05pm
Quoting trading801
anyone sees this too?

daily. assuming the channel holds, it will hit around 1.4000 again in days to come?
Maybe, but I don't see it that way on the daily
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #111,705
  • Jun 17, 2009 9:07pm Jun 17, 2009 9:07pm
Quoting ak4x
Hey d... be sure you check your pm.
i am interested in how you trade do you have a thread with trades/method?
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #111,706
  • Jun 17, 2009 9:08pm Jun 17, 2009 9:08pm
Quoting trading801
wow it almost hit 1.4 first time my tech analysis works
Hi trading801,

Say, how did scalping the "Bollinger Bounce" work out for you a while back?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,707
  • Jun 17, 2009 9:12pm Jun 17, 2009 9:12pm
hey buddy the fool ..

it was good... however once, i failed to recongise a trend was forming and i tried to catch the bounce .. catch catch.. till i got quite a loss...

stupid me right ? sigh
  • #111,708
  • Jun 17, 2009 9:19pm Jun 17, 2009 9:19pm
somebody flip a coin, if its heads it goes up...
slowly but steady is the answer.
  • #111,709
  • Jun 17, 2009 9:21pm Jun 17, 2009 9:21pm
Quoting trading801

stupid me right ? sigh
Oh no not at all. Price action is a slithery beast & you have to watch it a long time o learn...& of course I am still learning.

Sometimes you get a clue when the candles are running up (for instance) an up-sloping BB std deviation line - not a good time to play a bounce, maybe better to turn & scalp with the trend. Sideways action is best for the BB play, imho.

Good luck amigo.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,710
  • Jun 17, 2009 9:28pm Jun 17, 2009 9:28pm
daily indicated up, 4hr indicates down (bounce from a trendline), 1hr shows up... and since 2:30 pm the market has been fooling around between 40 pips...
slowly but steady is the answer.
  • #111,711
  • Jun 17, 2009 9:36pm Jun 17, 2009 9:36pm
Quoting orangeRANGE
From my Daily, for now it seems that EU will not go lower than 1.37 as the Stochastic is making swing low.

As per my H4, the aquamarine triangle is still the potential Resistance area.

So, I just think EU will consolidating a little bit for the rest of this week, unless something "unusual" happened in the market.
Yes it is true...........................from what I can see so far...
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  • #111,712
  • Jun 17, 2009 9:49pm Jun 17, 2009 9:49pm
Quoting Adwin
follow the Elliot wave


Robot trade AFI1a:


Read more ...
YUP!! We're on the same boat brother!
"Forex = Money Tree"
  • #111,713
  • Jun 17, 2009 10:07pm Jun 17, 2009 10:07pm
[quote=Adwin;2811170]follow the Elliot wave


but i'm thinking the 4th wave will correct and hit the 1.3742 Sup once more, before the 5th wave starts.
"Forex = Money Tree"
  • #111,714
  • Jun 17, 2009 10:31pm Jun 17, 2009 10:31pm
placed a short order @ 1.4020
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  • #111,715
  • Jun 17, 2009 10:38pm Jun 17, 2009 10:38pm
A break of this 4 Hr Inside bar to the downside is looking like a nice bet.
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  • #111,716
  • Jun 17, 2009 10:48pm Jun 17, 2009 10:48pm
Equity rally, an excuse to hunt for stops, they found one
It is one of those days in the FX markets where the breadth and depth of market interest is narrow enough so that a few orders or players can move markets big distances. For most of the session, FX activity was minimal, with dealers adjusting prices up and down with the moves in equities. In post European markets, where breadth and depth is even narrower than earlier, a rally in equities sent the USD and JPY spinning lower on a broad front. EUR/USD traders took the opportunity to take charge of the market and push prices up to test for stops, supposedly held and advertised by a US money center bank at the 1.3940 level. The dealer led move was able to break through the stop level, the stops were real and the result was a gap up to new intraday highs of 1.3984 followed by a narrow retracement. All eyes are now on equities that have failed to make a new high, with S&P Futures threatening to breach the 914 level
  • #111,717
  • Jun 17, 2009 10:51pm Jun 17, 2009 10:51pm
It's not hunt for stops, it's profit taking.
Traders are smartasses
  • #111,718
  • Jun 17, 2009 10:54pm Jun 17, 2009 10:54pm
same result, different side of the fence

Quoting Spsantos
It's not hunt for stops, it's profit taking.
  • #111,719
  • Edited 11:15pm Jun 17, 2009 10:55pm | Edited 11:15pm
were seem to be following these numbers. at least...

Posted 8 hr ago
we seem to be following these numbers. at least we had been before news..if its a retrace.. it will continue respecting these numbers..there are 3 sets but these seem to be the ones..3846 3910 3962 4012 4101 above the red number is where i consider it not working. or trend weak . watch the...

earlier above post remain valid still.. 3962 is the 50% mark of a retrace from the recent top (4182 on june 11) we look like we will test this again tonight. 4012/4076 is the next on the list.. there are others historic levels playing part of the move since last year.. but these seem to be the numbers its following..for now. where caught between a historic big move.. levels of big move im using 4184 4096 4038 3993 3948 3892 3804.. but these are just for personal use to judge strength of bear/bull..but other then that they mean little to others...still bearish... still think big things are ahead.. still sticking to my plan.

im amazed that all the news today did not push us higher then we are. a thought , if inflation is null like stated this week.. will e-zone give a surprise rate cut?
good pippen..
those who can, do. those who cant, talk about those who can
  • #111,720
  • Jun 17, 2009 11:06pm Jun 17, 2009 11:06pm
Spot on numbers. I am bearish as well, but unfortunately it is just a projection, it is not supported by any analysis.
EURZone needs to do somethig about the high EUR.

Quoting gatorinla
were seem to be following these numbers. at least...

Posted 8 hr ago
we seem to be following these numbers. at least we had been before news..if its a retrace.. it will continue respecting these numbers..there are 3 sets but these seem to be the ones..3846 3910 3962 4012 4101 above the red number is where i consider it not working. or trend weak . watch the...

earlier above post remain valid still.. 3962 is the 50% mark of a retrace from the...
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