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  • #112,241
  • Jun 18, 2009 5:44pm Jun 18, 2009 5:44pm
Quoting sleep1Iopen
For Dummies By Dummies

http://www.mostlysavingmoney.com/wp-...-Edition-2.jpg
lol!!
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #112,242
  • Jun 18, 2009 5:53pm Jun 18, 2009 5:53pm
Quoting traderathome
It sounds like you and I trade frequently in a similar manner....
I also trade like you do,but unlike you i am pretty good at spoting the peaks and valleys.
Before taking a trade i take time to study where i think i would be wrong,then how much i want to lose.After that i divide the amount into multiples like 2,3,4...and place half,when the trade starts going against me i add at some point and the same when it works out well until my stop is hit.This has really worked for me than not but i don't recomend this to newbies most especially if you don't have a plan.
thanks and wish you happy pipping.
  • #112,243
  • Jun 18, 2009 5:57pm Jun 18, 2009 5:57pm
Quoting notch
4175...I've been banging on about it since Monday! Then after Friday I won't post anymore forecasts too much like hard work!
no need not to post anymore.. you seem to be good at scalping.. i had my eyes on 4175 a few weeks back too.. but were below it. life does on.. i lost your indies..
those who can, do. those who cant, talk about those who can
  • #112,244
  • Jun 18, 2009 6:07pm Jun 18, 2009 6:07pm
Quoting samiru
I also trade like you do,but unlike you i am pretty good...
Hey Samiru,

Thanks for stoppin by. Please share more & let us know how you do what you do. We need some more pretty good traders around here.

Best of Luck,

The Fool
"If The Fool persists in his Folly he will become wise." - William Blake
  • #112,245
  • Jun 18, 2009 6:15pm Jun 18, 2009 6:15pm
Quoting gatorinla
no need not to post anymore.. you seem to be good at scalping.. i had my eyes on 4175 a few weeks back too.. but were below it. life does on.. i lost your indies..
Cheers Gator. Reserve the kicking for tomorrow I need to sleep. I have just read Ali's extracted posts. Seems I mssed him exploding again! Anyhow goodnight.
  • #112,246
  • Jun 18, 2009 6:18pm Jun 18, 2009 6:18pm
Quoting samiru
I also trade like you do,but unlike you i am pretty good at spoting the peaks and valleys.
Before taking a trade i take time to study where i think i would be wrong,then how much i want to lose.After that i divide the amount into multiples like 2,3,4...
Wow! Thatīs a pretty good formula..Man i donīt post so often here but I believe a little bit of "tenderness" in your posts would do a huge difference...I mean you got 21 posts? and you re telling people you are better than them?? Come down man....A friendly "HELLO" can work more than your "wise" words...
My 2 cents on that.
  • #112,247
  • Jun 18, 2009 6:20pm Jun 18, 2009 6:20pm
Quoting Nene
It aint going up anytime soon. This baby is going down. Want my reasoning. Bearish divergence on the 4 Hr and it has just bounced off the top of a Falling Wedge.

NE

pssssst ..... don't feed the nene
"If The Fool persists in his Folly he will become wise." - William Blake
  • #112,248
  • Jun 18, 2009 6:28pm Jun 18, 2009 6:28pm
Quoting The Fool
Hey Samiru,

Thanks for stoppin by. Please share more & let us know how you do what you do. We need some more pretty good traders around here.

Best of Luck,

The Fool
Hi the fool,

Thanks,but there isn't much to what i do.I use basic visible S/R and wave analysis for bigger picture but i tend to be artistic with my approach.
I dont post much bcus of school work,you know how it is most of you have been there before.But i enjoy and love reading this thread in my spare time and hopefully i would contribute more often in the future.
  • #112,249
  • Jun 18, 2009 6:33pm Jun 18, 2009 6:33pm
hi fellas.there seem to be a rising channel pattern on the EUR/USD 1H of which 1.38880 if brolen culd be some short position.i also have the RSI at 47%.also on 4H there seem to be a rising wedge which is supporting a bullish move and i feel 1.3913 culd be buystop. so who's with me.
  • #112,250
  • Jun 18, 2009 6:35pm Jun 18, 2009 6:35pm
EUR-USD range was limited for Thursday. The market made several attempts to move above Wednesday's High 1.3984 only to be pushed down. On the DAILY chart we have a 'red' candle. While we stay below the down trend-line on the daily chart there is greater probability that we should move down. Key level to test for a move down would be Thursday's low 1.3871. IF we can break below this we could find ourselves moving down and filling the self fulfilling prophecy of many traders that a "Head & Shoulders" pattern is indeed in place.

FOR FRIDAY:

In the Euro Zone we have the German (EUR) PPI, and in the Americas we have the Canadian (CAD) Retail Sales/ Core Retail Sales. With few reports it should be a technical trading session.
Attached Image
  • #112,251
  • Jun 18, 2009 6:37pm Jun 18, 2009 6:37pm
Quoting samiru
I dont post much bcus of school work,you know how it is most of you have been there before.But i enjoy and love reading this thread in my spare time and hopefully i would contribute more often in the future.
OK, samiru - good luck with the books & with your trades.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #112,252
  • Jun 18, 2009 6:49pm Jun 18, 2009 6:49pm
Quoting notch
Cheers Gator. Reserve the kicking for tomorrow I need to sleep. I have just read Ali's extracted posts. Seems I mssed him exploding again! Anyhow goodnight.
i aint gonna kick ya either way..thats why that make s/l. you got me trying to figure out what you see.. i only got a cardboard box.. and its brown...i try to figure out what certain people see when i have another opinion.. i can be lead to change my mind.. you just did not give any clues on your opinion..
those who can, do. those who cant, talk about those who can
  • #112,253
  • Jun 18, 2009 7:02pm Jun 18, 2009 7:02pm
On the daily chart the 5th wave is taking shape , isn't it ?
Attached Image (click to enlarge)
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  • #112,254
  • Jun 18, 2009 7:06pm Jun 18, 2009 7:06pm
Quoting icon
On the daily chart the 5th wave is taking shape , isn't it ?
Yes! but please thats just my opinion,do your own analysis.
  • #112,255
  • Jun 18, 2009 7:12pm Jun 18, 2009 7:12pm
Quoting icon
On the daily chart the 5th wave is taking shape , isn't it ?
Yes/no. The only way to count an EW is after the fact. Ranging is likely for the next week or so. If we form a nice 4th wave it will likely break up. Good luck I'm out
  • #112,256
  • Jun 18, 2009 7:16pm Jun 18, 2009 7:16pm
Got your break of support, ( Trendline ). Then the basic afternoon bearish flag, and down she goes.




Quoting Nene
It aint going up anytime soon. This baby is going down. Want my reasoning. Bearish divergence on the 4 Hr and it has just bounced off the top of a Falling Wedge.

NE
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
  • #112,257
  • Jun 18, 2009 7:18pm Jun 18, 2009 7:18pm
Quoting Nene
Got your break of support, ( Trendline ). Then the basic afternoon bearish flag, and down she goes.
Already on the bandwagon here.

Could always be a fake out and we wont know if this is for real until there is a h1 close below today's low.

I set a stop at break-even.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 15m.jpg Size: 102 KB
  • #112,258
  • Jun 18, 2009 7:35pm Jun 18, 2009 7:35pm
Quoting The Fool
Hmmm, well I had in mind that I might, in time, gain knowledge about that and an associated edge, of course, but if its all just the secret, practically random machinations of super-rich cadres of market manipulators...then I guess I'm screwed.
No, you are not. Just watch for their moves and jump on their coattails. It is trying to out think them and second guessing them that causes all the losses. What it comes down to is.....price will move when and as much as they want it to, and in the direction they want it to. And they cannot disquise the fact of its movement when it happens.
  • #112,259
  • Jun 18, 2009 7:39pm Jun 18, 2009 7:39pm
Quoting T.E.Lawrence
see ya next year
haha lol matori

This is the 2010 .. ....

seya i take 50 pips

bye bye
"Buy on fear, sell on greed !!!
  • #112,260
  • Jun 18, 2009 7:41pm Jun 18, 2009 7:41pm
I am long 3.976 is my TP i take long at 1.3880


seya
"Buy on fear, sell on greed !!!
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