- #2,565
- Jul 2, 2009 4:42pm Jul 2, 2009 4:42pm
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
Silent room 2 replies
Silent Success of Patience 10 replies
My silent journal 4 replies
bo7a method... method for GBP/JPY 205 replies
Seeing Through the Silent Crash 4 replies
DislikedWould you say that the area around 1.70 is a balance point for GBPUSD? Getting closer...Ignored
DislikedJust another perspective: I was reading the financial's before I became interested in trading, and for the most part, fundamental data has become completely disconnected from price, DOW goes up on bad news, DOW goes down on bad news, no rhyme or reason. After the fact, all the talking heads will get together and justify it, but it's pretty senseless right now.
Should the economy ever return to "normal", fundies may be a useful analysis tool, but as long as all the numbers provided by the government and banking institutions remain completely fraudulent,...Ignored
DislikedAnybody looking for a short on the gbpchf?
It looks ripe.... maybe wait and see if Asia has anything to say.Ignored
DislikedAnybody looking for a short on the gbpchf?
It looks ripe.... maybe wait and see if Asia has anything to say.Ignored
Dislikedcw or anyone else:
any money mgmt. tips on NZD/USD trade? My stop is at BE (.6436) and I parked my stop behind .6420 level. Any recommendations on managing this trade?Ignored
Dislikedcw or anyone else:
any money mgmt. tips on NZD/USD trade? My stop is at BE (.6436) and I parked my stop behind .6420 level. Any recommendations on managing this trade?Ignored
DislikedDrebin,
This isn't meant to offend you. Just a tip that someone gave me and I want to pass on.
Trade your plan. The best traders have an idea of how they will react when price hits a certain point... will you move your stop up, will you take profit, will you do nothing....
The best traders put this plan in their heads, if not on paper BEFORE placing the trade. Once the trade is on, you are more likely to let emotion in and make [poor] decisions for you. Or even worse, you start asking for advice on a public forum.
Again, please don't be offended....Ignored
DislikedJust something that came to mind while thinking...the most important thing that has probably started to turn around my trading life taught by CW is the Whole Numbers theory. Find your S/R Zones and then look at the nice Whole numbers nearby and plot your lines.
I know before, I was always so overwhelmed by exactly what POINT that price SHOULD react to. Now I know you will find them in nice Whole even numbers ending in 00 and 50 and they most often come in zones!
Great stuff Clockwork...Thanks!Ignored
DislikedI completely agree and thanks. My plan was to place my first stop above the .6400 level after a break, then after price hit and broke .6250ish I would move my stop behind that level....just wanted some thoughts about that strategy....Ignored