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  • #163,561
  • Nov 19, 2009 12:35pm Nov 19, 2009 12:35pm
[quote=TrendExpress;3246495]I really don't care how much people earn and lose

let's trade,nothing else
Money is made by sitting, not trading. Jesse L. Livermore
  • #163,562
  • Nov 19, 2009 12:38pm Nov 19, 2009 12:38pm
Quoting BoredToLoose
And the problem: they can't see the other side of the moon.
I see this with my coworkers in the retail bussiness. They live from paycheck to paycheck with no real important scope in life. Forex is always in the back of my mind. It takes a certain breed of character and vision and possibly persevering for YEARS that makes a winning trader.
Different opinions highly valued, ignorant to slander.
  • #163,563
  • Nov 19, 2009 12:38pm Nov 19, 2009 12:38pm
Quoting TexasforEX
The main thing to take from today's euro PA is that it is holding up nicely when the S&P is getting slaughtered. The higher beta currencies are crashing nicely at the same time, euro cross strength. If this holds as the new formula. euro's best days are down the road. One day does not make a trend, but it's a start...
Yep. That's plain to see and hard to ignore, I'll tell ya what.

Propane.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #163,564
  • Nov 19, 2009 12:44pm Nov 19, 2009 12:44pm
Quoting caldera
not criticising anyone in particular, but just speaking in general terms... i think the community on this forum is great, i've only been here for about a week or two now, but i imagine many of us are glued to our computers, mostly working in the privacy of our homes... so to know there are aother people out there in the same proverbial boat is great, to exchange insights and ideas... sometimes we need a little bit of humour and distraction.

I think however that the bottom line is, we all have real money at stake... and we all tend to lose money...
I can share what you say. But I prefer people who talk about technical things and not those that ,only after, they say they have earned.
For goodness sake, nothing against the gain of others. But when you shoot crap as well, then it is right to intervene ,to maintain professionalism in this thread. In the interest of all.
The best thing that can happen to you is to find out where you're wrong.
  • #163,565
  • Nov 19, 2009 12:50pm Nov 19, 2009 12:50pm
Quoting TexasforEX
The main thing to take from today's euro PA is that it is holding up nicely when the S&P is getting slaughtered. The higher beta currencies are crashing nicely at the same time, euro cross strength. If this holds as the new formula. euro's best days are down the road. One day does not make a trend, but it's a start...
yes it is. 4923 may test it.. then sos.. oh 4961 is another they both float north as time goes on..we should know soon. current 4913
those who can, do. those who cant, talk about those who can
  • #163,566
  • Nov 19, 2009 12:50pm Nov 19, 2009 12:50pm
I just made 60 pips on that last move...well I would have if I remembered to buy...but I was thinking about it so it counts anyway!

Haha, anyway, I'm wondering if we're going to shoot out of this 4800/5050 range tomorrow once that DNT expires. I'd think up, but with all the talk of a "strong" dollar you can never be sure, especially if gold corrects.
  • #163,567
  • Nov 19, 2009 12:51pm Nov 19, 2009 12:51pm
Quoting Leche Mocha
I could see this could becoming someone's signature line right here.

works for me.
those who can, do. those who cant, talk about those who can
  • #163,568
  • Nov 19, 2009 12:55pm Nov 19, 2009 12:55pm
Quoting Fibo_trader
Why I go short against trend? Because there was hard and visible fall in 15m chart. In news wasn't nothing special to make EUR stronger.

Now I move my SL to 1.4910, because I trade against trend and if it will not get to TP in this time, there is possibility that it will don't go to TP in second time.

Attachment
TP @ .49373--.49405
  • #163,569
  • Nov 19, 2009 12:57pm Nov 19, 2009 12:57pm
Quoting Driver55
he could publish his task list, where we can see concretely the different trade. So we all try to understand how it operates. Even I do not think he will do that.
If the correlations of which he speaks are like those below, the we are in wonderland.
http://www.forexfactory.com/showpost...stcount=163357
D55, I have high regard for several trader and their methods. I am not sure you remember but you are the one who helped me first on these approaches when I was brand new on this forum.

There is no such thing as correlation or triangulation in forex. One strike of a pen by a government would cease all correlations. The trick is how one uses them as long as they remain within a reasonable range. Just a change in parity would distort such correlations, but using such correlation with right trader's mindset and how price mechanism works is something very few people know. As far as I know X.oden is one of those very few people with this rare skill.
The Thief of Wall Street
  • #163,570
  • Nov 19, 2009 12:59pm Nov 19, 2009 12:59pm
Quoting Chicky
That you forgot remaining 5%.

Everyone loses in the end. I know this because I am in gaming business. It is only a matter of time. If this time does not come in your lifetime, you are the winner. It doesn't mean everyone is lying. I say this because I personally know some of the people mentioned in your that post and their level ..........beyond any doubt.
i do not lose in the end, you have to know how price moves. its pure mathematics trust me. instead of wasting their times with drawings and colors, they need to use the brain and follow the rules of math
When life gives you lemons, make lemonade
  • #163,571
  • Nov 19, 2009 12:59pm Nov 19, 2009 12:59pm
Quoting caldera
not criticising anyone in particular, but just speaking in general terms... i think the community on this forum is great, i've only been here for about a week or two now, but i imagine many of us are glued to our computers, mostly working in the privacy of our homes... so to know there are aother people out there in the same proverbial boat is great, to exchange insights and ideas... sometimes we need a little bit of humour and distraction.

I think however that the bottom line is, we all have real money at stake... and we all tend to lose money...
Well said ,people trade for serious money & there must be loss & profit for everybody.Simply we can show our sympathy or congratulate without any personal loss & if not ,overlook.

Lots of talks today here I see lately.

Anyway today was not my profit day I knew for sure so traded very limited & will wait another day .market is not going anywhere & me too and even no worry about .
wish best trading for all.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #163,572
  • Nov 19, 2009 1:01pm Nov 19, 2009 1:01pm
dow is trying real hard to get to the 50% fib ret.
hang on to your bread......unless you want toast
  • #163,573
  • Nov 19, 2009 1:01pm Nov 19, 2009 1:01pm
I think for now and possibly the next few hours this thing is heading up towards the upper edge of the descending triangle...

Considering long with TP @ 1.4960
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  • #163,574
  • Nov 19, 2009 1:01pm Nov 19, 2009 1:01pm
No it doesn't add anything to the thread other than it can be done and to those that are struggling, it adds some form of hope that there's a method out there that works. Posts like mine from others used to keep me motivated to research and try harder, but I haven't seen anything from you to boost my trading arsenal, so I guess we're in the same boat here eh?

Just because a post doesn't add to your pocket, doesn't mean it can't be posted. It almost seems that whenever someone gets ahead by a few inches, some get po'ed, but when people post about bullshit and theories, its ok...go figure..

In terms of adding to the thread, at least I call my sentiments....and if you are paying attention, you'd be making some money off it...


Quoting gammase1
That is the biggest tally of daily pips I've ever seen claimed on Forex Factory. An almost unbelievable amount, in fact.

I'm not knocking your remarkable trading skills, but is there any point of posting these kind of retrospective claims?

Does it add anything to the thread if I was to boast about what I have or have not made in a particular day?

Good luck to you.
In Charts We Trust!
  • #163,575
  • Nov 19, 2009 1:05pm Nov 19, 2009 1:05pm
i only realized lately that one person in this forum was saying something true, because this is in fact how i trade

this person is eohater and he always says
TRADE WHAT YOU SEE NOT WHAT YOU EXPECT

once you realizing that you are trading what you see instead of speculating and guessing then you are on the right track

stop the colors and the drawings, its just a distraction. somebody sees head and shoulders another sees double top another sees a sexy ass. all this is not the right interpretation of the price.
When life gives you lemons, make lemonade
  • #163,576
  • Nov 19, 2009 1:07pm Nov 19, 2009 1:07pm
Quoting Chicky
D55, I have high regard for several trader and their methods. I am not sure you remember but you are the one who helped me first on these approaches when I was brand new on this forum.

There is no such thing as correlation or triangulation in forex. One strike of a pen by a government would cease all correlations. The trick is how one uses them as long as they remain within a reasonable range. Just a change in parity would distort such correlations, but using such correlation with right trader's mindset and how price mechanism works is something...
Correlations exist and are mathematical. I do not know him, then I can only judge what he says. What he wrote is pure crap.
To prove to you that the correlations are mathematical, we can make a game.
Take for example 3 cross
EURJPY, EURUSD, USDJPY.
You tell me 2 values , and I calculate the third.
Of course, the values that you give me, should be taken at the same time.
let's go
The best thing that can happen to you is to find out where you're wrong.
  • #163,577
  • Nov 19, 2009 1:09pm Nov 19, 2009 1:09pm
Short from 1.4913 targeting lower TL at 4805..... tight stop @ 4925 in the event it wants to head back up to the upper TL. wait and see..
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  • #163,578
  • Nov 19, 2009 1:09pm Nov 19, 2009 1:09pm
Hi Psi,

I have 2 22 inch monitors side by side at the home office that I actually place my trades from. On each, I monitor 22 pairs using two seperate methods of trading. One confirms the other. The left monitor also has other trading platforms which are experimental and I use that for my small cash account.

Once a day, I select the market direction and take a few test trades and monitor which typically can last an hour or more. If there's no action, I will usually wait until the next day and if there are movements, I select the strongest and add to them. If I feel a move is correct due to correlations in other similar pairs, I will add to it if the original move goes against me a bit....other times, I will scale in my positions until the full position size is reached. I do that usually after big moves when I am unsure if the market will continue in the direction of my trades.


Quoting psiholog
Sounds very simple indeed...truly impressive. I have been doing this with Eur/Usd and Eur/Jpy for a while now and quite effectively for my daily pips(If I get 200 one day its more then satisfactory for me to close Forex). Out of curiosity..how many monitors do you have? While the Eur/Usd has been in the same range for 13 days now...it sounds like more unfamiliar yet volatile pairs come into play. Regardless...multiple charts require your attention ..hence the question.
In Charts We Trust!
  • #163,579
  • Nov 19, 2009 1:10pm Nov 19, 2009 1:10pm
Quoting psiholog
I see this with my coworkers in the retail bussiness. They live from paycheck to paycheck with no real important scope in life. Forex is always in the back of my mind. It takes a certain breed of character and vision and possibly persevering for YEARS that makes a winning trader.
You are strongly right.
  • #163,580
  • Nov 19, 2009 1:11pm Nov 19, 2009 1:11pm
Quoting micho
i do not lose in the end, you have to know how price moves. its pure mathematics trust me. instead of wasting their times with drawings and colors, they need to use the brain and follow the rules of math
Very true.

Know how market works + do your math + neither be a pussy cat or a fool = Success

But charts give you visuals for your mathematics and their utility is undeniable. There is always a chart behind a math (or vice versa).
The Thief of Wall Street
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