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  • #190,441
  • Feb 4, 2010 10:55pm Feb 4, 2010 10:55pm
Quoting Clouds
ask you're broker to take off the option to sell usd, and you'll do just fine
LOL!
Im a zombie.. "Rawr"
  • #190,442
  • Feb 4, 2010 10:57pm Feb 4, 2010 10:57pm
Quoting ak4x
You could also turn everything off and not lose one single pip... guaranteed.

With an extreme NFP number (and maybe even without...) Your plan will probably trigger both trades going both ways and leave you without a dance partner...
ak4x you don't run from volitility you run to it... how else are you going to catch any pips???

if you are using good money management...there is nothing to worry about...

turning off the computer is not the answer..LOL even for a noob...

btw which I ain't
I'll pick up the crumbs don't need the whole pie
  • #190,443
  • Feb 4, 2010 10:59pm Feb 4, 2010 10:59pm
Quoting Code4Capital
I could really check other crosses but a lot of traders of Forex are technical traders, so either way volume will push it up, then back down with fundamentals. So either way with some watching I will be able to catch some pips and close it out when I see it start to move against me. + this last move down had a lot to do with stoch/rsi..

indicators are lagging ... and in some market they do not work

try telling gold bulls on $30 drop that their rsi was oversold and to buy ... many may have lost a good part of their account

volume is not linked to fundies in anyway ...trust me i trade using vsa 100 %

when all were saying how great things were and how bearish the usd was I could clearly see dx being accumulated and positioned myself for sells in gu and eu off the tops.... go back into my postingos of middle of last year and then in october on this.
Blogging daily now at www.volume.zone
  • #190,444
  • Feb 4, 2010 11:01pm Feb 4, 2010 11:01pm
I know I have been asking a lot of questions in a last hour but could you tell me what would be the best thing to do, I made buy on NZD/USD (don`t ask me why cous I don`t really have an answer) and when I had -930$ I pressed sell, and know it is stuck on -930$ and should I close my buy when gold starts to fall again and cover those -930$ with that sell order which already is open or should I do something else...??? I hope it is clear what I wrote cous it might sound a little confusing...!!!
  • #190,445
  • Feb 4, 2010 11:02pm Feb 4, 2010 11:02pm
Quoting Code4Capital
I could really check other crosses but a lot of traders of Forex are technical traders, so either way volume will push it up, then back down with fundamentals. So either way with some watching I will be able to catch some pips and close it out when I see it start to move against me. + this last move down had a lot to do with stoch/rsi..

here is 60 min eu showing rsx (much better imho than rsi and i used to swear by rsi)

note how it was oversold at 1.3900

200 pip later it is still oversold

Attached Image (click to enlarge)
Click to Enlarge Name: chart1675.png Size: 187 KB
Blogging daily now at www.volume.zone
  • #190,446
  • Feb 4, 2010 11:06pm Feb 4, 2010 11:06pm
Quoting smokemachine
I know I have been asking a lot of questions in a last hour but could you tell me what would be the best thing to do, I made buy on NZD/USD (don`t ask me why cous I don`t really have an answer) and when I had -930$ I pressed sell, and know it is stuck on -930$ and should I close my buy when gold starts to fall again and cover those -930$ with that sell order which already is open or should I do something else...??? I hope it is clear what I wrote cous it might sound a little confusing...!!!
yes, that confused the dog shit outta me lol.
even tho Im confused Ic an tell you the first thing you need to work on is reasons for entering trades. If you dont have an EXTREMELY good reason for entering a trade then do not enter it, never just enter a trade just because, always have a good sound reason for entering your trade, multiple reasons for it actually, if you cant say those reasons to yourself then do not enter the trade.
Hope that made sense heh
Im a zombie.. "Rawr"
  • #190,447
  • Feb 4, 2010 11:06pm Feb 4, 2010 11:06pm
Quoting malcolmb14
here is 60 min eu showing rsx (much better imho than rsi and i used to swear by rsi)

note how it was oversold at 1.3900

200 pip later it is still oversold

Attachment
Hey malcolmb - what do you see as the advantages of rsx over rsi? I'm still in the church of rsi at the moment....
  • #190,448
  • Feb 4, 2010 11:06pm Feb 4, 2010 11:06pm
Quoting malcolmb14
here is 60 min eu showing rsx (much better imho than rsi and i used to swear by rsi)

note how it was oversold at 1.3900

200 pip later it is still oversold

Attachment
I don't know if you caught my earlier post, but that was good advice you gave last week. Anyway's. how do you like that VSA? I posted an article on VSA last year that was in SFO magazine, but didn't get to much response from it. was a real good article, but it reffered to using VSA for stocks.
All that is left in FF is just plain garbage. "Cloggie"
  • #190,449
  • Feb 4, 2010 11:08pm Feb 4, 2010 11:08pm
Quoting defariak
yes, that confused the dog shit outta me lol.
even tho Im confused Ic an tell you the first thing you need to work on is reasons for entering trades. If you dont have an EXTREMELY good reason for entering a trade then do not enter it, never just enter a trade just because, always have a good sound reason for entering your trade, multiple reasons for it actually, if you cant say those reasons to yourself then do not enter the trade.
Hope that made sense heh
I learned that lesson the hard way...!!! hehehe...!!!
  • #190,450
  • Feb 4, 2010 11:09pm Feb 4, 2010 11:09pm
Quoting smokemachine
I know I have been asking a lot of questions in a last hour but could you tell me what would be the best thing to do, I made buy on NZD/USD (don`t ask me why cous I don`t really have an answer) and when I had -930$ I pressed sell, and know it is stuck on -930$ and should I close my buy when gold starts to fall again and cover those -930$ with that sell order which already is open or should I do something else...??? I hope it is clear what I wrote cous it might sound a little confusing...!!!
If that is the case, wait till the USD picks resumes the trend, and take an additional sell. The hedge will cancel each other out, and the additional trade will cut your negative to zero. Then close everything for break even!
All that is left in FF is just plain garbage. "Cloggie"
  • #190,451
  • Feb 4, 2010 11:10pm Feb 4, 2010 11:10pm
Quoting PriceVolume
Hey malcolmb - what do you see as the advantages of rsx over rsi? I'm still in the church of rsi at the moment....

faster and smoother ...

killer for showing divergences


and the one i use for esignal has an sma on it with pretty colours .. 3 hours says red is sell all rallies however if we hit that mml at 1.3667 again and I see volume coming in I am out of sell .

Attached Image (click to enlarge)
Click to Enlarge Name: chart1676.png Size: 232 KB
Blogging daily now at www.volume.zone
  • #190,452
  • Feb 4, 2010 11:11pm Feb 4, 2010 11:11pm
Quoting tonyo524
I don't know if you caught my earlier post, but that was good advice you gave last week. Anyway's. how do you like that VSA? I posted an article on VSA last year that was in SFO magazine, but didn't get to much response from it. was a real good article, but it reffered to using VSA for stocks.

been using vsa for about 2 years ..to me it is the ONLY way to trade
Blogging daily now at www.volume.zone
  • #190,453
  • Edited Feb 5, 2010 12:59am Feb 4, 2010 11:11pm | Edited Feb 5, 2010 12:59am
Quoting malcolmb14
...if market decides to drop forget rsi , or any thing else it can stay in oversold for so long it does not even count

odd how the pros dropped eu under support in low volume conditions...

I think by doing this it may be their intention to drop this in london

Attachment

Intriguing thought on the "intentions" note...

You remember all the guys screaming "Oversold!!" on piddly TF's on GY and EU/EJ back when things went Over The Edge to the tune of thousands of pips and never looked back...

I was just looking back thru my album of Hairy Screenshots and found one from Feb 2008 NFP... GJ gapped down +80 pips on the 1m and never looked back for almost another hundred before even taking a breath...

Almost stopped my heart... Here's the Best post on FF about trading GJ... from cobraforex.

I found this post somewhere on trading the beast and copied it...

"My father and trading partner loves the GBP/JPY. He asks me if I'm in it daily. I think I described it yesterday at lunch as "It's kind of like throwing a lasso around a wild stallion. It doesn't matter if he goes in the right direction or the wrong direction, but you're gonna get there fast and be dragged through the mud in the meantime..."
FUBAR...
  • #190,454
  • Feb 4, 2010 11:14pm Feb 4, 2010 11:14pm
Quoting malcolmb14
faster and smoother ...

killer for showing divergences


and the one i use for esignal has an sma on it with pretty colours .. 3 hours says red is sell all rallies however if we hit that mml at 1.3667 again and I see volume coming in I am out of sell .

Attachment
Thanks, I'll take a look at that.......
  • #190,455
  • Feb 4, 2010 11:15pm Feb 4, 2010 11:15pm
Quoting malcolmb14
been using vsa for about 2 years ..to me it is the ONLY way to trade

eu top was annouced very clearly on the futures .....using vsa

Attached Image (click to enlarge)
Click to Enlarge Name: chart1677.png Size: 212 KB
Blogging daily now at www.volume.zone
  • #190,456
  • Feb 4, 2010 11:15pm Feb 4, 2010 11:15pm
Quoting tonyo524
If that is the case, wait till the USD picks resumes the trend, and take an additional sell. The hedge will cancel each other out, and the additional trade will cut your negative to zero. Then close everything for break even!
I already have a sell order opened on NZD/USD I was just thinking to close the buy order when USD gets crazy again! and put another order on sell on EUR/USD so that I am not out even but with profit. does it sound alright?
  • #190,457
  • Feb 4, 2010 11:18pm Feb 4, 2010 11:18pm
Quoting smokemachine
I already have a sell order opened on NZD/USD I was just thinking to close the buy order when USD gets crazy again! and put another order on sell on EUR/USD so that I am not out even but with profit. does it sound alright?
be careful with hedging though, that can become a disasterous downward spiral bro. be very careful.
Im a zombie.. "Rawr"
  • #190,458
  • Feb 4, 2010 11:21pm Feb 4, 2010 11:21pm
Quoting defariak
be careful with hedging though, that can become a disasterous downward spiral bro. be very careful.
maybe to avoid risk I could just leave it there, but on the other hand I lose the money of 2 lots which could be useful.
  • #190,459
  • Feb 4, 2010 11:22pm Feb 4, 2010 11:22pm
Quoting smokemachine
I am live
Yeah I know you're live...I meant you should have learned at least some technical analysis before you went live. You seem to love the news...sounds like you were drawn into Forex by the allure of quick gains via newstrading. If that's the case then you really have to be careful.

But whatever...it's your call, your account. I wish you luck and hope you trade wisely around NFP time.
  • #190,460
  • Feb 4, 2010 11:23pm Feb 4, 2010 11:23pm
3766 possible still mid at 3717.. probably not much slippage.

respect at 3744 may give 3820 plus slip.

heres where it gets consipated. 3767.5 brings 3867 + slip.. extremily close to 3766..

hopefully.. we go lower.. without these levels..
those who can, do. those who cant, talk about those who can
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