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  • #120,741
  • Jul 10, 2009 4:03pm Jul 10, 2009 4:03pm
What is forecast for next week that the EU??
  • #120,742
  • Jul 10, 2009 4:06pm Jul 10, 2009 4:06pm
Quoting rattyo
Hi been using those numbers on EU. There not bad. Do you have any for cable or UC..??
im buiding a uc chart.. it appears to work. i posted a few uc number last night and they seemed to work well in eu move..... i looked at gu and it seems to be less reliable..but i didnt spend much time on it..im burnt out on charts..it is time consuming.. i have to look at it with a clear mind..on a 5m you can clearly see everytning on eu even if your a long term trader.. it will show better entries and exits..they work on any tf..cobra gave possitive feed back so far using 1m chart..too fast for me
those who can, do. those who cant, talk about those who can
  • #120,743
  • Jul 10, 2009 4:09pm Jul 10, 2009 4:09pm
later folks... happy pippin.. have a good weekend.. and dont get none on ya..if you do wipe it before it dries.
those who can, do. those who cant, talk about those who can
  • #120,744
  • Jul 10, 2009 4:13pm Jul 10, 2009 4:13pm
Quoting gatorinla
im buiding a uc chart.. it appears to work. i posted a few uc number last night and they seemed to work well in eu move..... i looked at gu and it seems to be less reliable..but i didnt spend much time on it..im burnt out on charts..it is time consuming.. i have to look at it with a clear mind..on a 5m you can clearly see everytning on eu even if your a long term trader.. it will show better entries and exits..they work on any tf..cobra gave possitive feed back so far using 1m chart..
Cable is a more volatile pair. UC would be very handy as its a great indicator as of the direction of EU. Time consuming I bet it is. Lots of detail there. I normally get the direction but these numbers have fined tuned my entries and exits. Thanks for the numbers.
rat
  • #120,745
  • Jul 10, 2009 4:25pm Jul 10, 2009 4:25pm
Quoting The Fool
Most of my gains are from little 3,5,10-pip scalp winners and the default sl is 10 pips which never gets hit cuz I stop bad ones at 3-5 pips down but those guys are typically .5% riskers in positions up to 2.5%. Swing trades I still dabble in but I should just quit & them are the larger risks, up to 5% or more, but I didn't get bit this week. If I can be a little bit proud of anything is this week I forced myself repeatedly to kill losers and when this becomes second nature I will be ok.

Don't lose money. Don't lose money. Etc...
Sounding good Sir Fool, keep up the good work and don't get cocky!!

Killing losers is whats letting me down still, Hope is the mind killer.


And your welcome!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #120,746
  • Jul 10, 2009 9:05pm Jul 10, 2009 9:05pm
Quoting Turveyd
Sounding good Sir Fool, keep up the good work and don't get cocky!!

Killing losers is whats letting me down still, Hope is the mind killer.


And your welcome!!

I need to hedge my bet. What broker can I use to trade during the weekend
  • #120,747
  • Jul 10, 2009 9:23pm Jul 10, 2009 9:23pm
Quoting klinckphilip
I need to hedge my bet. What broker can I use to trade during the weekend

You can go to an exchange counter... and show them the money! (TM)
Traders are smartasses
  • #120,748
  • Jul 10, 2009 9:52pm Jul 10, 2009 9:52pm
Quoting Spsantos
You can go to an exchange counter... and show them the money! (TM)
am just wanting to trade on the weekend.
  • #120,749
  • Jul 10, 2009 10:23pm Jul 10, 2009 10:23pm
Quoting klinckphilip
am just wanting to trade on the weekend.
anyone know where its at right now?
  • #120,750
  • Jul 10, 2009 10:30pm Jul 10, 2009 10:30pm
Where do u live? If u lie in europe I heard they have kiosks or something- just go there and buy/sell as u please but beware spread may be abit high

Quoting klinckphilip
anyone know where its at right now?
Its all in the mind.
  • #120,751
  • Edited 8:13am Jul 11, 2009 7:20am | Edited 8:13am
Quoting rattyo
Cable is a more volatile pair. UC would be very handy as its a great indicator as of the direction of EU. Time consuming I bet it is. Lots of detail there. I normally get the direction but these numbers have fined tuned my entries and exits. Thanks for the numbers.
yes. you see the bigger picture. if you use the 50% number to exit you trade you have profit locked in. it will usually pull back at least once to the numbers on either side of the blue number (Closest one). in the moves desribed last night it was 13 pips.. what i didnt say and was hoping someone would catch is on re-enty same direction as trend at the outer number is 13 pips to get back to the same 50% number. 13+13-26, now had you played the bounce counter trend such as doing all the above plus play the 13 pip bounce its 13 X 3 moves = 39 pips (-commisions)...had i done this it would of made things too complicated for people to understand..but once you grasp the first part the rest will come easily..the numbers incorporated with the personality i found is much better. low volitility does not hurt trading this way. you can also add a line between the blue number and the outer numbers at 50%.. once you see the personality you can judge strength of the move base on the way it crosses 50% marks. less pullbacks more strength. visa versa...

if you multiply this X the many zones it adds up to hundredsof pips quickly.. plus you reduce your lose risk if you follow the personality.. you can also play smaller positions and make more money (smaller position = less risk)..its possible in a tight range like we often do of a 100 pips. to pull out hundreds or more pips. (use a 5m chart now that you understand what was so hard for me to explain without a live move. count the pips. for me and post your results). 50% in nature is a big number..its a big number in the bible also.. its a big number in forex. we all see but dont usaully know it. when this works it works well. in any system when you lose a few.. stop tradding.. dont trade when your heads not in it..i have not live traded this around news. but on the chart its not affected by news.(bigger charts). any way you be the judge..

im normaly a long term trader. now i do this in another account. the account using this has grown much faster. on the same pair with all other things equal. any let me know what you think .. if you see a way to improve let me know..

good luck
those who can, do. those who cant, talk about those who can
  • #120,752
  • Jul 11, 2009 8:33am Jul 11, 2009 8:33am
Hey guys,

Any thoughts on how the EU is going to open my bet is to go long....?

Due to other correlation with various currencies and moving averages..
  • #120,753
  • Jul 11, 2009 9:01am Jul 11, 2009 9:01am
Hi guys, any idea on the market for eur/usd where will it go long or short? Cos on friday afternoon onward i been playing short till nite. My order now is short with a loss profit of $22. When it open will it still heading north or will head south? Should i close it myself not to let it hit my SL once it open market?
  • #120,754
  • Jul 11, 2009 9:04am Jul 11, 2009 9:04am
Nobody knows. If it would be that easy it would be a free lunch.

In general all those seasons earning expectations are very low, so I see some upside surprise the next weeks and the Euro at 1.43-45 this month (yes July).
  • #120,755
  • Jul 11, 2009 9:06am Jul 11, 2009 9:06am
so guess i gt to close it sharp @ 5am for singapore and go for long.
  • #120,756
  • Jul 11, 2009 9:15am Jul 11, 2009 9:15am
Quoting leesm
so guess i gt to close it sharp @ 5am for singapore and go for long.
Nonono! Don't believe a single word I'm saying, ever!

It even might go down to 1.3750 first. If I look at the last weeks, the Euro always weakened on sunday, monday and rallied on tuesday. Don't know why and I don't know when it stops working.

I can't predict the short outcome (and actually not the long term, it's just a game of probabilities), so it would make me sad if you close your trade and just see drop the pair like there is no tomorrow (for the Euro, where actually there is no tomorrow for the Dollar )...
  • #120,757
  • Jul 11, 2009 10:28am Jul 11, 2009 10:28am
Quoting Xaron
Nonono! Don't believe a single word I'm saying, ever!

It even might go down to 1.3750 first. If I look at the last weeks, the Euro always weakened on sunday, monday and rallied on tuesday. Don't know why and I don't know when it stops working.

I can't predict the short outcome (and actually not the long term, it's just a game of probabilities), so it would make me sad if you close your trade and just see drop the pair like there is no tomorrow (for the Euro, where actually there is no tomorrow for the Dollar )...

But Tim Geithner said to those Chinese students that the U.S. economy was ok!
Not all sins are created equal
  • #120,758
  • Jul 11, 2009 10:32am Jul 11, 2009 10:32am
Quoting leesm
so guess i gt to close it sharp @ 5am for singapore and go for long.
if you can hold on see how it acts around 3961 or 74. if it goes that high. if they appear strong r you may want to hold short. even if it passes them..if your a scalper maybe you should of cut your losses already and not held on over the weekend. but only you can answer your question..its not about what the pair will do.. its about r/r m/m.. if you do a coin toss and are right 50% of the time.. your account should not suffer. this may be just as important as direction..any trend goes in both directions...every trend has trends within them.. but yes anything can happen and will.. when you think you got it licked it will bite you on the ass. so it all comes back to m/m. your account is whats important not any trade.. you protect the account..cut off your finger nails first is the best way to protect account. then fingers arms ect. if needed.. but with proper m/m it will just be your nails..
those who can, do. those who cant, talk about those who can
  • #120,759
  • Jul 11, 2009 11:43am Jul 11, 2009 11:43am
imho , as long as s & p is sinking and oil too, i will be short bias
  • #120,760
  • Jul 11, 2009 11:43am Jul 11, 2009 11:43am

we closed friday below 3936.(close 3934). a important number to me is below 3885 its the next then 3723..with the smaller posted numbers between.. just like in smaller numbers 50% (bounce or continue down? bulls better get off the pot soon..) is an important place to be.. other then the weekly close its not showing its hand just yet. you will start to see these numbers closer to commercial pivots IF this continues.. anything can and will happen. but based on this im bearish.. and if 3723 is taken out and held below next 3699 number you guess is as good as mine.. for laughs ill put .8219 out there since its on my extreme chart.

those who can, do. those who cant, talk about those who can
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