Just a general note: Between 4326 and 4380 is likely to be tough trading and a place for games. Bulls can't defy the techs completely but they can stretch them, as we saw on Friday when they boosted price an extra 25 points by pushing the 5 min to near overbought and then backing off, three times in a row. For me this means that if I am going to sell I want to get in in the higher part of this zone, or else just miss the move and take the long when the correction completes itself. Or otherwise scalp off the 1 and 5 min, which is the profitable thing to do when game playing is going on.
- #136,582
- Aug 29, 2009 8:56am Aug 29, 2009 8:56am
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #136,583
- Edited 9:41am Aug 29, 2009 9:22am | Edited 9:41am
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
LOADING up monday Putting SELL Order in 50 standard lots @1.4300 and leaving it there till mid october.. Bring it on BABY !!!!!!!!
those who can, do. those who cant, talk about those who can
- #136,585
- Aug 29, 2009 9:37am Aug 29, 2009 9:37am
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #136,586
- Edited 11:00am Aug 29, 2009 9:52am | Edited 11:00am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
below is his exact words, the trader is wayne jackson, im sure you have come across him on FF...
...So when I read all the loud and aggressive traders here talk about how they are scalping their way to riches, I just have a quiet laugh with my friend.
Both Jacko and Acumen (Mike) are on my short list (and getting shorter all the time) of Traders who I Listen closely to... I'm quite certain many successful 'scalpers' aren't even registered FF members ((
if you can imagine that)) or they don't post about scalping, and they usually stay quiet unless asked, then they "might' state their views and get back to what they do...In any event, besides the lack of any clear technical definition of what 'scalping' is or isnt in todays trading world as opposed to it's original usage, Mike isn't even close to the kind of trader Wayne was talking about...
..."Loud and aggressive scalping his way to riches"?? You haven't read many of Mike's posts then...
FUBAR...
- #136,587
- Aug 29, 2009 11:53am Aug 29, 2009 11:53am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Might need to click back to the original for the entire post...
Just thought I'd bump the last post here on FF from dove alliance which incidentally turns out to have been exactly one year ago today on this thread from some one I respect very much and will always appreciate as he was the one who first opened up the world of Pivot Trading to me.
To the noobs a'rd here now... unfortunately we don't have as many of these kinds of guys a'rd here now. They just get tired of the Ankle Biters and Posers and find other ways to pass on the goods... His posts and those of others remain if you care to dig for them.
Dana, wherever you are and whatever you're up to these days... I know myself and some others wandering a'rd FF still look back with fondness to some of those days on the UJ and JPY Pivots thread where you left us going and 
and 
and sometimes 
trying to figure out how in the world you knew what the Yen was gonna do even before it did...
I remain.....
I would like to explain something to the new traders who has no knowledge of what moves this market… People like W**** tries their best to analyze this market with fundamentals and news items, the way oil price moves, and the stock market is either up or down, and it continues on and on; but the bottom line is this:
The market belongs to the banks of the word….. They are the ones that started this market many, many years ago…. In fact, no outside person or institution could trade in this market for many, many years until one day...
...That is all I got to say and I know there will be a fundamental trader, or two, coming in and trying to bluff their way through this…. My suggestion is do some deep research on what I just said and then come to your own conclusion and not what someone else might say; including myself.
Just thought I'd bump the last post here on FF from dove alliance which incidentally turns out to have been exactly one year ago today on this thread from some one I respect very much and will always appreciate as he was the one who first opened up the world of Pivot Trading to me.
To the noobs a'rd here now... unfortunately we don't have as many of these kinds of guys a'rd here now. They just get tired of the Ankle Biters and Posers and find other ways to pass on the goods... His posts and those of others remain if you care to dig for them.
Dana, wherever you are and whatever you're up to these days... I know myself and some others wandering a'rd FF still look back with fondness to some of those days on the UJ and JPY Pivots thread where you left us going
and and and sometimes trying to figure out how in the world you knew what the Yen was gonna do even before it did...I remain.....
FUBAR...
- #136,588
- Aug 29, 2009 12:18pm Aug 29, 2009 12:18pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Might need to click back to the original for the entire post...
Just thought I'd bump the last post here on FF from dove alliance which incidentally turns out to have been exactly one year ago today on this thread from some one I respect very much and will always appreciate as he was the one who first opened up the world of Pivot Trading to me.
To the noobs a'rd here now... unfortunately we don't have as many of these kinds of guys a'rd here now. They just get tired of the Ankle Biters and Posers and find other ways to pass on the goods......
you for this
The Chonchy
- #136,589
- Aug 29, 2009 12:54pm Aug 29, 2009 12:54pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
lets get this straight
how many candles we can fit in this range ?
fall in the fall LOL
how many candles we can fit in this range ?
fall in the fall LOL
- #136,591
- Aug 29, 2009 2:50pm Aug 29, 2009 2:50pm
- | Joined Aug 2009 | Status: "Protect yo neck"- WuTang Financial | 854 Posts
"Truly, you have a dazzling intellect."
I would like to explain something to the new traders who has no knowledge of what moves this market… People like Warren tries their best to analyze this market with fundamentals and news items, the way oil price moves, and the stock market is either up or down, and it continues on and on; but the bottom line is this:...
- #136,592
- Aug 29, 2009 3:16pm Aug 29, 2009 3:16pm
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #136,593
- Aug 29, 2009 3:56pm Aug 29, 2009 3:56pm
If you're trying to start something... at least keep the context consistent and accurate, otherwise you're just more noise to be Ignored...
Both Jacko and Acumen (Mike) are on my short list (and getting shorter all the time) of Traders who I Listen closely to... I'm quite certain many successful 'scalpers' aren't even registered FF members ((
In any event, besides the...
Then ignore it buddy.
I don't remember mentioning mike in ANY of my posts..scalping yes, mike never.
Its a public forum not a private old ladies knitting club.
Some drink at the fountain of knowledge. Others just gargle !
- #136,594
- Aug 29, 2009 4:18pm Aug 29, 2009 4:18pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
If you're trying to start something... at least keep the context consistent and accurate, otherwise you're just more noise to be Ignored...
Both Jacko and Acumen (Mike) are on my short list (and getting shorter all the time) of Traders who I Listen closely to... I'm quite certain many successful 'scalpers' aren't even registered FF members ((
In any event, besides the...
Appreciate the support.
Mike
- #136,595
- Aug 29, 2009 4:23pm Aug 29, 2009 4:23pm
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #136,596
- Aug 29, 2009 4:28pm Aug 29, 2009 4:28pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
Haha & you and I both missed about an easy ~40 pip drop in the E/U there at the NY close while we were sucked into that lttle broohaha - isn't that just fukkin hilarious?
Plan-b, you owe us one, buddy.
I thought... I should SCALP that break.
I continued to write furiously and when I looked back It was too late.
m
- #136,600
- Aug 29, 2009 10:47pm Aug 29, 2009 10:47pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal