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  • #164,041
  • Nov 20, 2009 12:00pm Nov 20, 2009 12:00pm
Quoting amgblack
One book I highly recommend is
Beat the Forex Dealer: An insider's look into trading today's foreign exchange market (Wiley Trading) (9780470722084): Agustin Silvani:

It's not a system but what to watch out for when trading, especially from your brokers
cheers ill google that now
NOTHING VENTURED, NOTHING GAINED
  • #164,042
  • Nov 20, 2009 12:07pm Nov 20, 2009 12:07pm
Quoting psiholog
Heres a snapshot of my mind. Whatever the market does, this is how i interpret it. Without the written words of course. And then when my gut feeling says its "time"...i execute.

Attachment
very cool chart... i like it...

i like to think that being able to understand price action, which seems to be what you're doing gives a clearer picture to anticipated price movement without getting too entrenched with indicators...
  • #164,043
  • Nov 20, 2009 12:12pm Nov 20, 2009 12:12pm
Quoting cloggie
I see that as the next minor support, however we are getting a bit late here on the Fri evening, volumes will taper off significantly it is beer time afterall.

I will leave a few shorts open over the weekend especially with two bear candles on the daily with the last one looking to close below the 25ma.

I closed most of my earlier shorts for a measly 5 pip gain, don't want to carry them over the weekend. It is 2pm NY time, the boys are out starting the weekend.

Good night, have a great weekend and see y'all on Sunday evening.
cya mate thanks again for all your help
NOTHING VENTURED, NOTHING GAINED
  • #164,044
  • Nov 20, 2009 12:13pm Nov 20, 2009 12:13pm
Quoting psiholog
Heres a snapshot of my mind. Whatever the market does, this is how i interpret it. Without the written words of course. And then when my gut feeling says its "time"...i execute.

As a sidenote...emotions blur the way you interpret the market. There have been occasions where I was so satisfied with my winning trades..I got overly cocky and chose any point as entry..in essence gambling. Other emotions could mean anger from a confrontation with a loved one. My biggest losses were this way. You always hear about money management but rarely do you...

thats awesome thanks
NOTHING VENTURED, NOTHING GAINED
  • #164,045
  • Nov 20, 2009 12:16pm Nov 20, 2009 12:16pm
Quoting caldera
very cool chart... i like it...

i like to think that being able to understand price action, which seems to be what you're doing gives a clearer picture to anticipated price movement without getting too entrenched with indicators...
it is a good chart very explanatory, and easy for dummies like to understand
NOTHING VENTURED, NOTHING GAINED
  • #164,046
  • Nov 20, 2009 12:19pm Nov 20, 2009 12:19pm
Quoting BoredToLoose
....that traders who know what are doing win easy pips.

My call was 1.4873, traders around the world that give their calls in tweeter, "it is almost the silence" but what did I do, SHORT 1.4873.

Editing to give a tip : For who use tweeter, use tweetdeck open a window with a search word "EURUSD" and you receive hundreads of tweets every day from lot of traders. ATTENTION FOR NEWBIES : do not enter in every call you see, study the trader and its records, but it is fun for entertainment to watch, at least for me.
Me too doing only shorts when price reach 1.4857 and any above it .I feel price will go up to 1.4908 for next leg up , now set tp 1.4810, will follow how much it can at this week end.doing very great today.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #164,047
  • Nov 20, 2009 12:23pm Nov 20, 2009 12:23pm
Quoting BoredToLoose
....that traders who know what are doing win easy pips.

My call was 1.4873, traders around the world that give their calls in tweeter, "it is almost the silence" but what did I do, SHORT 1.4873.

Editing to give a tip : For who use tweeter, use tweetdeck open a window with a search word "EURUSD" and you receive hundreads of tweets every day from lot of traders. ATTENTION FOR NEWBIES : do not enter in every call you see, study the trader and its records, but it is fun for entertainment to watch, at least for me.
That's pretty interesting. I wonder what the accuracy of their consensus is? I don't Twitter, but maybe I'll sign up to get the data and see if an indicator based on their forecasts has any merit. I'm assuming their old posts are still available.
  • #164,048
  • Nov 20, 2009 12:26pm Nov 20, 2009 12:26pm
Quoting BoredToLoose
....that traders who know what are doing win easy pips.

My call was 1.4873, traders around the world that give their calls in tweeter, "it is almost the silence" but what did I do, SHORT 1.4873.

Editing to give a tip : For who use tweeter, use tweetdeck open a window with a search word "EURUSD" and you receive hundreads of tweets every day from lot of traders. ATTENTION FOR NEWBIES : do not enter in every call you see, study the trader and its records, but it is fun for entertainment to watch, at least for me.
twitter ha may have to look into it
NOTHING VENTURED, NOTHING GAINED
  • #164,049
  • Nov 20, 2009 12:27pm Nov 20, 2009 12:27pm
I already offer in my blog lot of stuff for free, the other side of my charts, including my gann and timing charts, that I will not offer.

But I offer my acknowledge for Trading Daily, and that it is the most hard way to trade, believe me. that's why you see lot of words like "BE" in my blog.

Time to go now.

GL ALL and like we say here in Portugal "Portem-se bem"
  • #164,050
  • Nov 20, 2009 12:28pm Nov 20, 2009 12:28pm
Quoting caldera
very cool chart... i like it...

i like to think that being able to understand price action, which seems to be what you're doing gives a clearer picture to anticipated price movement without getting too entrenched with indicators...
Thank you. Thank you to all off you who appreciated my other post as well. Very well analyzed....that is exactly what I do. I do not "predict" as some call it. I anticipate. And as for indicators...I dont use any that can be written. I will give you one example....

"The time of day affects market behavior" indicator. Lets say the US session was very active. Lets say on a bull day PA will consolidate higher to the next major resistance. The active market said...when the asian session opens...chances are good we are at a high. A sell would be good here with careful observation as to what attempts to become support as that will be the take profit. At that point I either close position if satisfied with profits or I look if some new pattern developed to give me reason to keep my position open (even if I may return to -pips).

Another example is my ability to see different timeframes. while my trades are executed on the 5min/15min charts...if market is slow or in a tight daily range like right now...it may take a while before trade reaches completion. So while I see the moment I always have an eye on the overall picture. Let me dig up this recent chart....


(Sidenote=the "big guys" do not appreciate it when the bold letters are mentioned)
Different opinions highly valued, ignorant to slander.
  • #164,051
  • Nov 20, 2009 12:29pm Nov 20, 2009 12:29pm
It's been a busy week...if this gets much lower I might get back in though. Have a good weekend all.
Attached Image (click to enlarge)
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  • #164,052
  • Nov 20, 2009 12:29pm Nov 20, 2009 12:29pm
best get a couple of hours sleep its 530am here, so good night all have a great weekend talk next week, and thanks heaps for all your words of wisdom and your patience.

cheers
NOTHING VENTURED, NOTHING GAINED
  • #164,053
  • Nov 20, 2009 12:32pm Nov 20, 2009 12:32pm
Quoting psiholog
Thank you. Thank you to all off you who appreciated my other post as well. Very well analyzed....that is exactly what I do. I do not "predict" as some call it. I anticipate. And as for indicators...I dont use any that can be written. I will give you one example....

"The time of day affects market behavior" indicator. Lets say the US session was very active. Lets say on a bull day PA will consolidate higher to the next major resistance. The active market said...when the asian session opens...chances are good we are at a high. A sell...
man you are good
NOTHING VENTURED, NOTHING GAINED
  • #164,054
  • Nov 20, 2009 12:34pm Nov 20, 2009 12:34pm
Quoting psiholog
Attachment
Here it is
Different opinions highly valued, ignorant to slander.
  • #164,055
  • Nov 20, 2009 12:40pm Nov 20, 2009 12:40pm
Thanks for the great chart Franco. You have reminded me that rewards go to those that do the work. Also rewards go to those that take the risk. "Expect nothing, plan for everything!"

Thank you!

All Work
All Work & No Play!
  • #164,056
  • Nov 20, 2009 12:46pm Nov 20, 2009 12:46pm
Quoting Mr. Freeweed
That is good information thanks.

I'm in a large long from 1.4887

and a few small longs on the way up. I'm watching pa closely with stoploss set at be+10 to cover my arse.

Good trading.
Mr. Freeweed
I was stopped out at be +10 so my large long covered my 3 smaller longs =)

I'm long again at 1.4842 with a 20 pip tp
  • #164,057
  • Nov 20, 2009 12:56pm Nov 20, 2009 12:56pm
Going back to Franco and the so called "premature entry"....now to me seems like the right time. I'm thinking, if the hourly candle closes as an inside bar (does not make a new high compared to previous one)...next hour should be quite bearish so at exactly 11:00am (my current time) I will sell. If the hourly candle closes above the previous one...no entry for me.
Different opinions highly valued, ignorant to slander.
  • #164,058
  • Nov 20, 2009 12:59pm Nov 20, 2009 12:59pm
Quoting BoredToLoose
I already offer in my blog lot of stuff for free, the other side of my charts, including my gann and timing charts, that I will not offer.

But I offer my acknowledge for Trading Daily, and that it is the most hard way to trade, believe me. that's why you see lot of words like "BE" in my blog.

Time to go now.

GL ALL and like we say here in Portugal "Portem-se bem"
Not rocket science bro....
http://www.forexfactory.com/showpost...stcount=163687
Going to make it big by age 21.
  • #164,059
  • Nov 20, 2009 1:02pm Nov 20, 2009 1:02pm
Quoting Mr. Freeweed
I was stopped out at be +10 so my large long covered my 3 smaller longs =)

I'm long again at 1.4842 with a 20 pip tp
Well I hit my tp and I'm out for the weekend. Stay safe and thanks Psiholog for all the doodads and gadgets.
  • #164,060
  • Nov 20, 2009 1:07pm Nov 20, 2009 1:07pm
Quoting psiholog
Going back to Franco and the so called "premature entry"....now to me seems like the right time. I'm thinking, if the hourly candle closes as an inside bar (does not make a new high compared to previous one)...next hour should be quite bearish so at exactly 11:00am (my current time) I will sell. If the hourly candle closes above the previous one...no entry for me.
Final post. Trade executed. SL=50pips TP=50pips. Reasons for entry...all of today's posts combined (minus the daily as pa is right in that area and only the short time frame matters at this time).

Good pippin all...and remember...I speak about my methods and past only as an example. Not to give you trading decisions. If my words interest you...I want you to learn the lesson.

Attached Image (click to enlarge)
Click to Enlarge Name: boom.gif Size: 19 KB


(Note how my stop loss is far above the white line. In the volatile market we are in these days...it is the only way to not get stopped out prematurely.)
Different opinions highly valued, ignorant to slander.
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