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  • #193,561
  • Feb 10, 2010 12:29pm Feb 10, 2010 12:29pm
Quoting mmccormac
While I've been short for quite awhile I don't see now as the perfect shorting opportunity... Look at what the bond markets just did.

EU may go higher now.

Ok, now the Dow is rising and testing resistance, Oil break out... Only a matter of time now. I've been shorting this the past few days but I'm not going to now. Something is shaking the markets and it's looking like it's gonna rise (at least for today---next hour or two).

It's at 3747 now but that will change.
  • #193,562
  • Feb 10, 2010 12:30pm Feb 10, 2010 12:30pm
Real-time trade given 3hours ago(http://www.forexfactory.com/showthre...77#post3451177) was a win. Draw-down 25, Gain 57. See graph . Ratio thus far at ffactory 10(win) - 5(loss)
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  • #193,563
  • Feb 10, 2010 12:32pm Feb 10, 2010 12:32pm
Its clear that euro found strong buyers. The buying may be accelerated anytime from now on.

Quoting local
Short now! SL 1.3765
If it goes my first target its 100pips under

Attachment
  • #193,564
  • Feb 10, 2010 12:35pm Feb 10, 2010 12:35pm
If the daily and weekly pivots are broken, there should be plenty of opportunity on a retrace to get in long, but so far they look strong.

Holding my shorts.
  • #193,565
  • Feb 10, 2010 12:37pm Feb 10, 2010 12:37pm
What you wrote sounds really good but it's simply incorrect except one point and that is the only real thing in your comment
MM. If your excellent at your money management meaning when to enter and exit, where to put your sl and not risk over 1 1/2% of your balance you do not need to know jack about the market and you will do just as well as any traders on here.
It's only the MM that will get you ahead . The odds are always 50-50 IMO
randy



quote=PriceVolume;3451857]If trading were truly a 50/50 proposition, you wouldn't have nearly as many losing traders. There is plenty of information on this site about high probability setups and money management. If you are selective with entries and exits, use wise levels of risk, practice money management, and trade in a consistent fashion - you will make money. You will not win every trade, but you will make money. When you enter the market randomly, are not patient and try to chase a trade, overleverage, revenge trade, and jump from methodology to methodology...you will lose in the end.[/quote]
One good turn gets most of the blankets.
  • #193,566
  • Feb 10, 2010 12:42pm Feb 10, 2010 12:42pm
Why DJ / US Stocks is correlated with E/U?

If DJ goes up E/U goes up and vice versa?
  • #193,567
  • Feb 10, 2010 12:43pm Feb 10, 2010 12:43pm
Hihi,

kinda new. please comment on my chart

would be great for my learning process
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  • #193,568
  • Feb 10, 2010 12:43pm Feb 10, 2010 12:43pm
Quoting randy1953
....
When your just using TA your chance is not any better than the next guy using TA.
Hogwash - and far too simplistic a view. Each to his own, I guess. How good is your TA compared to other trader's TA? How's your psychology? Do you freak out if the market moves a few pips against you? Do you know the difference between drawdown and reversal? Do you sit there and watch a winning trade become a loser? Do you get greedy and ignore signs that it is time to take profit? There's a myriad of variables between one trader to another. You could openly publish the most successful trading methodology on the planet - an idiot's version - and most people could still not do it. Most people can't get a handle on probabilities, consistency, fear, greed, psychology.....
  • #193,569
  • Feb 10, 2010 12:44pm Feb 10, 2010 12:44pm
update of yesterdays trade i ve taken on fib expansion 100
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  • #193,570
  • Feb 10, 2010 12:46pm Feb 10, 2010 12:46pm
Much of what you say is true it's psychology and MM gets you through TA forget it's always 50-50. You will always have 2 good traders and their TA will be on opposite sides one wins the other looses is one TA better than the other no way..it is simple

IOW you can take a person that knows nothing at all about the market, does not even know what a pip is, fibs, waves etc are alien to him, he does not speak any language here on this planet but he has been train from birth on discipline you tell him a few rules and he will obey those rules or die. This person will do just as well in trading as anyone else.
enough said it's hard to hear because we have so much invested in our TA.


Quoting PriceVolume
Hogwash - and far too simplistic a view....
One good turn gets most of the blankets.
  • #193,571
  • Feb 10, 2010 12:47pm Feb 10, 2010 12:47pm
EU to Press Greece on Budget, Stop Short on Aid

Feb. 10 (Bloomberg) -- European Union leaders meeting in Brussels tomorrow will probably press Greece to present more detailed budget cuts and stop short of announcing an aid package for the debt-stricken nation, a German government official said.

More Bloomberg
  • #193,572
  • Feb 10, 2010 12:52pm Feb 10, 2010 12:52pm
Quoting randy1953
When your just using TA your chance is not any better than the next guy using TA...
That really depends on "the other guy" tho, doesn't it...?

I may be an idiot... but if he's a bigger idiot...

Just sayin.
FUBAR...
  • #193,573
  • Feb 10, 2010 12:54pm Feb 10, 2010 12:54pm
you may be brilliant and the other guy brilliant too




Quoting ak4x
That really depends on "the other guy" tho, doesn't it...?

I may be an idiot... but if he's a bigger idiot...

Just sayin.
One good turn gets most of the blankets.
  • #193,574
  • Feb 10, 2010 12:54pm Feb 10, 2010 12:54pm
Kick a$$ session for any pivot traders out there...

Chart is a 1hr but the beauty of this session was in the 3m/6m/ and 20m charts...
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Attached Image

Looking for the Long move to continue ( ) but in these Strange Times, trades are scaled, SL's set for +pips and done for the day.

Careful trades all...
FUBAR...
  • #193,575
  • Feb 10, 2010 12:56pm Feb 10, 2010 12:56pm
Quoting randy1953
When your just using TA your chance is not any better than the next guy using TA.
Maybe you're right, and when you're just getting laid, you're still not any better than the next guy getting laid.
  • #193,576
  • Feb 10, 2010 12:58pm Feb 10, 2010 12:58pm
Quoting ak4x
Kick a$$ session for any pivot traders out there...

Chart is a 1hr but the beauty of this session was in the 3m/6m/ and 20m charts...
Attachment Attachment

Attachment
Looking for the Long move to continue ( ) but in these Strange Times, trades are scaled, SL's set for +pips and done for the day.

Careful trades all...
Hey this might be kinda weird but I'm a weird kinda guy... I really like the look of your charts. which chart package do you use if you don't mind me asking..
  • #193,577
  • Feb 10, 2010 12:58pm Feb 10, 2010 12:58pm
Quoting randy1953
you may be brilliant...
You may be right... but like Dylan said..." It ain't me babe..." I just pinch 'em where I can w/o gettin' slapped.

Attached Image
FUBAR...
  • #193,578
  • Feb 10, 2010 12:59pm Feb 10, 2010 12:59pm
really though depends on the woman


Quoting Clouds
Maybe you're right, and when you're just getting laid, you're still not any better than the next guy getting laid.
One good turn gets most of the blankets.
  • #193,579
  • Feb 10, 2010 12:59pm Feb 10, 2010 12:59pm


Quoting ak4x
You may be right... but like Dylan said..." It ain't me babe..." I just pinch 'em where I can w/o gettin' slapped.

Attachment
  • #193,580
  • Feb 10, 2010 1:00pm Feb 10, 2010 1:00pm
Quoting live4pips
which chart package do you use if you don't mind me asking..
not at all...
Attached Image
FUBAR...
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