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  • #120,981
  • Edited 8:42am Jul 13, 2009 8:02am | Edited 8:42am
Quoting Atlast
Swings caught in a dynamic market with swing points occuring at pivots projected in advance.
All it takes is discipline, easier said than done.
NY open has a habit of changing market profile. Lets see what it does today.
Gator, what's your longer term view? Still short? Just curious, not critical as after several weeks I am now seeing market weakness towards the lower side.
hint.. market acts the same way around bigger numbers as it does on the 5m with smaller numbers.. it has done that already to the bearish side.. now where do we go now? the bigger moves using bigger numbers are stagnet at the moment . but the way its acting using smaller ones are bearish... since 4300 and change using numbers its been bearish. this along with stronger yen (flight to safety) well usd is a flight to safety currency also.. along with banks are not gonna refinance ballons for home owners or business.. employment going down.. we are on the titanic and just hit an iceburg. the will affect jumbo loans as in rich people.... nobody seems to get it... you can tap your heals together all you want. kansas is gone..china, india, russie can scream all they want.. they are tied to the anchor..


lets see what the next 7 days do.. lots of earnings comming out. and e-z news
those who can, do. those who cant, talk about those who can
  • #120,982
  • Jul 13, 2009 8:02am Jul 13, 2009 8:02am
Quoting Nick35
flipper :-)
on 5 mins might be a head and shoulders
  • #120,983
  • Jul 13, 2009 8:05am Jul 13, 2009 8:05am
Quoting socrates123
Cheers hoek nl. will get through it and let you know. I'm actually using the THVTrix v4 on the 1min TM which is very helpful, will look at the other indicators...thanks again mate
here we go with a good example: entered long at 1.3952 SL 1.3932. Went to 1.3960 quickly and moved SL to BE. Now, "Mr. Fear" appears and my reaction: close at 3962 with 10pips profit. The problem is I know it will go higher at least 1.3970 and I am not able to hold it.....
  • #120,984
  • Jul 13, 2009 8:11am Jul 13, 2009 8:11am
Quoting gatorinla
hint.. market acts the same way around bigger numbers as it does on the 5m with smaller numbers.. it has done that already to the bearish side.. now where do we go now? the bigger moves using bigger numbers are stagnet at the moment . but the way its acting using smaller ones are bearish... since 4300 and change using numbers its been bearish. this along with stronger yen (flight to safety) well usd is a flight to safetly currency also.. along with banks are not gonna refinance ballons for home owners or business.. employment going down.. we are...
Yeah theres a lot of bearish action in this range right now. Enough to suck me in for another short at 56, after having already closed everything out being up 2% for the day already on sales.
  • #120,985
  • Jul 13, 2009 8:11am Jul 13, 2009 8:11am
ok, Im out for lunch (Spain - 3pm) thanks for your inputs and see you in a while...
  • #120,986
  • Jul 13, 2009 8:13am Jul 13, 2009 8:13am
what's going on for oil and gold yooyoo vijjjjjjj gizzzz
  • #120,987
  • Jul 13, 2009 8:14am Jul 13, 2009 8:14am
Quoting gatorinla
hint.. market acts the same way around bigger numbers as it does on the 5m with smaller numbers.. it has done that already to the bearish side.. now where do we go now? the bigger moves using bigger numbers are stagnet at the moment . but the way its acting using smaller ones are bearish... since 4300 and change using numbers its been bearish. this along with stronger yen (flight to safety) well usd is a flight to safetly currency also.. along with banks are not gonna refinance ballons for home owners or business.. employment going down.. we are...
as always very interesting to read your views (although its hard sometimes).
Agreed with the "kansas is gone etc...", but have little trouble connecting that to a bearish view for the EUR, would the flight to safety for the USD not end in this scenario because the USD is not safe anymore?
Don't be a hero. Don't have an ego. Always question yourself
  • #120,988
  • Jul 13, 2009 8:18am Jul 13, 2009 8:18am
If you're so sure enter again, but if you're scalping 10 pips its very good profit and wait for next oportunity.
I think something is wrong here you go for 10 pips and set SL -20 (2 winners for one looser), I don't know your system if you say it's profitable go ahead, personally I go for 100-200 pips and my SL its at begining -40 (1 winner covers 3 loosers)
  • #120,989
  • Jul 13, 2009 8:22am Jul 13, 2009 8:22am
Quoting USD-Bear
as always very interesting to read your views (although its hard sometimes).
Agreed with the "kansas is gone etc...", but have little trouble connecting that to a bearish view for the EUR, would the flight to safety for the USD not end in this scenario because the USD is not safe anymore?
do you like to see pl ,ph ,week and day.
  • #120,990
  • Jul 13, 2009 8:24am Jul 13, 2009 8:24am
Quoting avi
do you like to see pl ,ph ,week and day.
sure I would.....
Don't be a hero. Don't have an ego. Always question yourself
  • #120,991
  • Jul 13, 2009 8:27am Jul 13, 2009 8:27am
Quoting gatorinla
hint.. along with stronger yen (flight to safety) well usd is a flight to safetly currency also..

nobody seems to get it...

you can tap your heels together all you want. kansas is gone..china, india, russie can scream all they want.. they are tied to the anchor..


lets see what the next 7 days do.. lots of earnings comming out. and e-z news
Gator, I always like that you seem to 'get it'...
FUBAR...
  • #120,992
  • Jul 13, 2009 8:27am Jul 13, 2009 8:27am
Quoting USD-Bear
sure I would.....
watch. look thread tsd eurusd/gbpusd good luck
  • #120,993
  • Jul 13, 2009 8:30am Jul 13, 2009 8:30am
Quoting socrates123
here we go with a good example: entered long at 1.3952 SL 1.3932. Went to 1.3960 quickly and moved SL to BE. Now, "Mr. Fear" appears and my reaction: close at 3962 with 10pips profit. The problem is I know it will go higher at least 1.3970 and I am not able to hold it.....
its better to short at 3969(predict no.)
  • #120,994
  • Jul 13, 2009 8:35am Jul 13, 2009 8:35am
1. When the trade goes against you, get out of the trade. – Do not move your stops.

2. Clear your mind before taking another trade. Then, you are not reacting to your loss. You can concentrate and find the right trade for you.

3. Look at each trade individually. By doing this, you are not influenced by the results of previous trades and are not taking unwarranted risks. When you are up, you are not risking all of your profits from winning trades. Similarly, when you are down, you are not increasing the size of your trades to make up for what you have already lost.

4. Have a trading budget and stick to it. – Only risk what you can afford to lose.

5. Think about trading as a game similar to ‘Monopoly.’ As you know, each game has its rules and as you become more experienced at it and become more comfortable with the rules, it becomes more fun….

6. Stick to your plan. – One of the best ways that I have heard someone define trading is: “Trading is simple, but not easy. And the greatest difficulty is to accept the simple rules and obey them with discipline.”

7. Remember, trading is a process. – You have to stick to your plan for a while, before jumping from one thing to another. As Michael Jordan says:

"I have missed more than 9,000 shots in my career. I have lost almost 300 games. On 26 occasions, I have been entrusted to take the game-winning shot...and I missed. I have failed over and over and over again in my life. And that’s precisely why I succeed."

By following these simple steps, your career as a trader will become more effective, more rewarding and ultimately more successful.

Remember: Perseverance is key! Like Albert Einstein said:

“It's not that I'm so smart, it's just that I stay with problems longer.”
  • #120,995
  • Jul 13, 2009 8:38am Jul 13, 2009 8:38am
Quoting FxCba
If you're so sure enter again, but if you're scalping 10 pips its very good profit and wait for next oportunity.
I think something is wrong here you go for 10 pips and set SL -20 (2 winners for one looser), I don't know your system if you say it's profitable go ahead, personally I go for 100-200 pips and my SL its at begining -40 (1 winner covers 3 loosers)
you are completely right on that (2 winners for one looser), but when I enter this trade my goal is not 10 pips, it is at least 27pips...I just cut it before it gets there usually due to fear of loosing as well the 10 pips. Anyhow, I know were my problem is and will try to solve it. Thanks for your help...

tell me, on what TF you go for 100-200 pips, per trade?
  • #120,996
  • Jul 13, 2009 8:39am Jul 13, 2009 8:39am
Quoting ak4x
Gator, I always like that you seem to 'get it'...
yes but i short the uc to keep my account healthy when things go against me.. my account is more important then the trade.. anywaY i made pips both ways..
those who can, do. those who cant, talk about those who can
  • #120,997
  • Jul 13, 2009 8:47am Jul 13, 2009 8:47am
Thanks Ali, what you say is supposed to be my forex bible, but the problem is as simple that I do not stick to it everytime. The reason is I sometimes believe to know more than what I really know. Discipline, discipline........and over again...
  • #120,998
  • Jul 13, 2009 8:51am Jul 13, 2009 8:51am
Quoting USD-Bear
as always very interesting to read your views (although its hard sometimes).
Agreed with the "kansas is gone etc...", but have little trouble connecting that to a bearish view for the EUR, would the flight to safety for the USD not end in this scenario because the USD is not safe anymore?
ok lets say all you write is true.. now who does europe sell beamers too??? (fill beamers in with shamwows volkswagon ect.) the truth is you have already lost the trade wars along with japan... korea has increased market share as the others are decreasing market share.. its not just gm/ford chysler....they had a chance last year to weaken the euro and blew it.. now e-z is losing the foot hold it had. and korea is building quality cars according to jd powers at half the price.. so supply and demand alone will reduce euro value.. it aint on the charts.. add this to we aint buying without a job...and it snowballs.. 20k kia or a 65k beamer... yuppies are becoming extinct.. there all fat balding and middle aged driving a mini van..
those who can, do. those who cant, talk about those who can
  • #120,999
  • Jul 13, 2009 8:53am Jul 13, 2009 8:53am
Quoting socrates123
you are completely right on that (2 winners for one looser), but when I enter this trade my goal is not 10 pips, it is at least 27pips...I just cut it before it gets there usually due to fear of loosing as well the 10 pips. Anyhow, I know were my problem is and will try to solve it. Thanks for your help...

tell me, on what TF you go for 100-200 pips, per trade?
5m
Sos espaņol?
  • #121,000
  • Jul 13, 2009 8:54am Jul 13, 2009 8:54am
It seems this last leg down of the bull set up to finish properly to gain more & more support for the big last leg UP and market will mostly move sideways in between 1.3874 to 1.3997 indecision /accumulation area.below this level can be transient but not for above it .

Expecting finish down to finish the down channel .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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