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  • #143,441
  • Sep 16, 2009 9:06pm Sep 16, 2009 9:06pm
how does one start a new thread?
  • #143,442
  • Sep 16, 2009 9:07pm Sep 16, 2009 9:07pm
Quoting 2+2=4ex
I would also like to note that today I got the urge to shave my beard which has been growing since May nonetheless. I think this could be a major indication. Usually major changes happen when I shave a long beard, I kid you not.
We will get also the direction of the change if you kindly share whether you shaved top or the bottom?
The Thief of Wall Street
  • #143,443
  • Sep 16, 2009 9:10pm Sep 16, 2009 9:10pm
Quoting Jay Walker
Hello people!

Just sharing my latest chart.

And predictably, I'm still long.

http://i26.tinypic.com/202z3o.gif

Self explanatory I believe. Yes, you see two slow stoch indicators. Because they're like lawyers. What I mean is that they may lie to you about the same thing, just at different times.

Pisar is also there and none of the indicators are showing signs of reversal. Same for the weekly.

So here I am on this journey from 1.4338. Wish me luck.
I think you would run out of luck between 1.4900 and 1.5000, not before.
The Thief of Wall Street
  • #143,444
  • Sep 16, 2009 9:11pm Sep 16, 2009 9:11pm
Quoting Hissst
But I have to say that 4800 is BIG 10 year resist, there will something wicked to get through this level, if it does. might want to look to take some profits at that point, I will be looking for some safe long term entries heading south at around this point. If she busts up into old channel I want to see it clear before I go bull again.
Yes, 4800 is a big 10 years resistance. But that was then and this is now.

Tons of funnymentals supporting it and technical too. This is only the second month of a trend if you look as the Pisar indicator. The one that ended in July lasted 12 months, the one before that 27 months, and the one before that was 12 months. The one before that...you get the picture.

I'll reverse and take profits if I see a reversal. But right now, I don't see a reversal so long it is.
Not all sins are created equal
  • #143,445
  • Sep 16, 2009 9:13pm Sep 16, 2009 9:13pm
Quoting Chicky
I think you would run out of luck between 1.4900 and 1.5000, not before.
If you see the thread next door, Peter is talking about 4835. I'm the worst when it comes to saying "it'll go to .xxx and then reverse".

I don't mean to put you on the spot but I'd love to see a chart
Not all sins are created equal
  • #143,446
  • Sep 16, 2009 9:15pm Sep 16, 2009 9:15pm
Quoting mfoste1
how does one start a new thread?
There are already too many threads.


Click "forum" in the tool bar above, select the thread category you want your thread to be in (interactive, trading discussion, journal, etc), click "forum tools", Click start new threade ............ add title of your thread in the first post
The Thief of Wall Street
  • #143,447
  • Sep 16, 2009 9:20pm Sep 16, 2009 9:20pm
Quoting Jay Walker
If you see the thread next door, Peter is talking about 4835. I'm the worst when it comes to saying "it'll go to .xxx and then reverse".

I don't mean to put you on the spot but I'd love to see a chart
November 2007 high is what I am looking at.
The Thief of Wall Street
  • #143,448
  • Sep 16, 2009 9:22pm Sep 16, 2009 9:22pm
I'm planning a party for when my drawdown is over.
  • #143,449
  • Sep 16, 2009 9:25pm Sep 16, 2009 9:25pm
just an opinion i think after this next spike up we will have a drop but this is forex u never kno
  • #143,450
  • Sep 16, 2009 9:28pm Sep 16, 2009 9:28pm
Quoting CAnthonyMVE
just an opinion i think after this next spike up we will have a drop but this is forex u never kno
i will be bankrupt by then
  • #143,451
  • Sep 16, 2009 9:33pm Sep 16, 2009 9:33pm
Quoting 2+2=4ex
i will be bankrupt by then
lmao if u feel ur in a loosing position cut ur loses theres always other trades
  • #143,452
  • Sep 16, 2009 9:34pm Sep 16, 2009 9:34pm
Quoting Chicky
November 2007 high is what I am looking at.
Touché
Not all sins are created equal
  • #143,453
  • Sep 16, 2009 9:44pm Sep 16, 2009 9:44pm
covered my short. -only going long for now
----- Dragonfly out in the sun you know what I mean, don't you know
  • #143,454
  • Sep 16, 2009 9:46pm Sep 16, 2009 9:46pm
Quoting sophiaphia
covered my short. -only going long for now
covered your short? How?
  • #143,455
  • Sep 16, 2009 9:49pm Sep 16, 2009 9:49pm
hey you guys thinks brokers push price around to get an advantage on swaps somehow?
  • #143,456
  • Sep 16, 2009 9:58pm Sep 16, 2009 9:58pm
Probably from doubling up on longs...and cancelling out on breakeven on both sides...

Quoting 2+2=4ex
covered your short? How?
In Charts We Trust!
  • #143,457
  • Sep 16, 2009 10:01pm Sep 16, 2009 10:01pm
Quoting Patience
We have to take the time of year into account as well. You know the Sep-Dec period is the most volatile and market can remain irrational longer than you can remain solvent blah, blah, blah. The big boys want to make some money for Christmas. What is the easiest way to push it? Spike up then ram down? Or just keep on going up?

I wrote this post on 16 August trying to warn the ladies about this time of year since I've been caught out in previous years. And I still got sucked in on AUD on NFP but the daily candle on USDX at the end of that day...
yes we do.. i dont admit it but i do trade a few boring trades too..eur/chf has been a pretty reliable trender and a few others..but its like watching paint peel. at times
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those who can, do. those who cant, talk about those who can
  • #143,458
  • Sep 16, 2009 10:12pm Sep 16, 2009 10:12pm
Quoting Hissst
Ya, I have not been through much history with this pair, but I am using the same stop losses so I don't think my drawdowns will differ much.

Just as a survey;

how many pairs do people here trade?

Do you find that you need to employ multiple strategies for them or do you have one and it works across the boards?
I only trade the EUR/USD, but I'm trading a 1 min chart. I tried trading GU, UC, and AU, but on a minute minute chart there is a too much going on and I was missing good signals on EU, which I'm more familiar with the movement and consider my bread and butter.

Depending on your timeframe, you shouldn't have a problem trading any number of currencies. There's threads about 4hr systems and they are trading 20+ currencies.

The only advice I could give is, if you're trading a short timeframe, don't "correlate" one currency with the movement on another. Example: I never have the charts up for GU, UC, or AU, but I watch the ticker to determine if the dollar ITSELF is weakening or strenghtening. This morning I noticed GU dropped about 25 pips and EU didn't move. I put a trade on EU to drop and next thing you know, it takes off UP. Had to take a loss because I wasn't following my system.

Long story short, on a shorter timeframe, don't think one pair dropping is a guarantee another correlated pair will drop...

good luck...
  • #143,459
  • Sep 16, 2009 10:19pm Sep 16, 2009 10:19pm
Quoting Platypus
If this kind of info was good for something it would be secret not public domain as it is....

And fighting the trend is all right if you are fighting for a reason (meaning strategy), as soon as I have a signal I'm in a mortal combat against "the trend"

True, very true.. but do you have it in you? fighting the trend i mean...

9 days consecutive trending now....
  • #143,460
  • Sep 16, 2009 10:22pm Sep 16, 2009 10:22pm
Quoting Hissst
Ya, I have not been through much history with this pair, but I am using the same stop losses so I don't think my drawdowns will differ much.

Just as a survey;

how many pairs do people here trade?

Do you find that you need to employ multiple strategies for them or do you have one and it works across the boards?
I normally have 5 systems, 5 pairs... "not correlated" as in Very different TP/SL etc.

In my head the price can only do two things... trend and range...

My account is pretty big so by trading with 0,5% loss risk on each system is almost where I get a infarct...

But hey, who is just trading for the money??
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