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EURUSD

  • #196,601
  • Feb 16, 2010 5:28pm Feb 16, 2010 5:28pm
2 interesting charts

1) USDCAD already drop to 61.8 Fibo after breaking uptrend line on 4H


2)USDCHF, just broke it, - target 1.0396 (Red line), waiting for little retrace to short more..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad_61.8.jpg Size: 150 KB
Click to Enlarge Name: usdchf_61.8_comming.jpg Size: 152 KB
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  • #196,602
  • Feb 16, 2010 5:33pm Feb 16, 2010 5:33pm
Quoting mfoste1
... If you need solid 8hrs a day sleep, this biz isnt for you(that is if ur a serious trader). The harder u work the more success u will have...
I'll check back in a year or three and see if you're still a'rd, and if you are ((and I do hope you are...)), I'll see if you feel the same way.

There was a poster here last year and before that a little bit... young kid who knew it all and dumped all over anybody that tried to get him to throttle back a little and remember there's Life before and Beyond forex.

He disagreed, stated he had no life and no goal outside of or beyond this trading stuff and hammered down anyway.

He had several online meltdowns but managed to avoid getting banned like most do... no idea what he's up to now, if it worked out for him or if he's even a'rd anymore... and he probably "worked harder" than most here.

Sorry but I agree with Malcomb... work smarter, not harder... Just my old geriatric opinion tho.
FUBAR...
  • #196,603
  • Feb 16, 2010 5:38pm Feb 16, 2010 5:38pm
Quoting malcolmb14
[/b]

Disagree with you 100 % .

I took 2 trades today only ... gu lopng for 150 pip and eu long riding on 100 pip , all it took was 2 hours.

work smart not harder ...

working hard and staring at screen for hours a day in this game will do nothing then burn you out quickly.

In FX ALWAYS the max volume in the market is 5 am to 8:30 am pst ...3.5 hours for work and I can sleep the rest of the day if I like
How do u do that? Is fantastic!!! Can teach your skill?
  • #196,604
  • Feb 16, 2010 5:40pm Feb 16, 2010 5:40pm
Quoting ak4x
I'll check back in a year or three and see if you're still a'rd, and if you are ((and I do hope you are...)), I'll see if you feel the same way.

There was a poster here last year and before that a little bit... young kid who knew it all and dumped all over anybody that tried to get him to throttle back a little and remember there's Life before and Beyond forex.

He disagreed, stated he had no life and no goal outside of or beyond this trading stuff and hammered down anyway.

He had several online meltdowns but managed to avoid getting banned...

no doubt you and malcomb are correct.... youve been around longer than i have. I just find it difficult to tear myself away from trading. This may sound odd but it kinda seems like an addiction to me. I cant tell you how many times ive laid in bed trying to fall asleep during the london and i just cant. Im afraid that ill miss a trade or a great entry.
  • #196,605
  • Feb 16, 2010 5:41pm Feb 16, 2010 5:41pm
Quoting rapierFX
How do u do that? Is fantastic!!! Can teach your skill?
Check out a chunk of his +13k posts for starters... then you'll know the right questions to ask.
FUBAR...
  • #196,606
  • Feb 16, 2010 5:43pm Feb 16, 2010 5:43pm
Quoting ak4x
Check out a chunk of his +13k posts for starters... then you'll know the right questions to ask.
hey, that fantastic!!! could point me to the right ones?

sorry, couldn't resist.
  • #196,607
  • Feb 16, 2010 5:47pm Feb 16, 2010 5:47pm
Quoting mfoste1
I just find it difficult to tear myself away from trading. This may sound odd but it kinda seems like an addiction to me.

I cant tell you how many times... and i just cant.
The Market will cure you of all that One way or The Other eventually...

ADD: Just saw Trouts post in the news section... sort of on your topic. Desire + Work (Method) = Success
FUBAR...
  • #196,608
  • Feb 16, 2010 5:49pm Feb 16, 2010 5:49pm
Quoting ak4x
I'll check back in a year or three and see if you're still a'rd, and if you are ((and I do hope you are...)), I'll see if you feel the same way.

There was a poster here last year and before that a little bit... young kid who knew it all and dumped all over anybody that tried to get him to throttle back a little and remember there's Life before and Beyond forex.

He disagreed, stated he had no life and no goal outside of or beyond this trading stuff and hammered down anyway.

He had several online meltdowns but managed to avoid getting banned...
The longer you stay, the higher the chance for you to loose. Do your homework open your trades, set your stops and go and enjoy your day.
  • #196,609
  • Feb 16, 2010 5:49pm Feb 16, 2010 5:49pm
System says long, common sense says short to 1.3679, market says 'tick tock algo algo up up'.
  • #196,610
  • Feb 16, 2010 5:51pm Feb 16, 2010 5:51pm
Hello ak4X,

I am also fairly new to Forex. I know to be successful with this you need to work hard. After all if you want to make what doctors,lawyers make you cannot expect just a few hours a week.
I am learning a great system now some say it's the best in the world so far.
However it's hard work, you get homework, when your finished and start to trade you need to be there with your trade at all times. It is not a set and forget type of trading. So yes I agree with the previous poster it does take hard work to be successful but once you own the system as your own no one can take it away from you.
Dean


Quoting ak4x
I'll check back in a year or three and see if you're still a'rd, and if you are ((and I do hope you are...)), I'll see if you feel the same way.

There was a poster here last year and before that a little bit... young kid who knew it all and dumped all over anybody that tried to get him to throttle back a little and remember there's Life before and Beyond forex.

He disagreed, stated he had no life and no goal outside of or beyond this trading stuff and hammered down anyway.

He had several online meltdowns but managed to avoid getting banned...
  • #196,611
  • Feb 16, 2010 5:52pm Feb 16, 2010 5:52pm
Quoting Mr Hatch
hey, that fantastic!!! could point me to the right ones?

sorry, couldn't resist.
Yeah, don't know about + 100 + 150 pips for 2 trades that's sounds too

fantastic, but One thing he's right for sure, - NEVER Overtrade..

I like to push buttons too much myself, when I get bored and looking

for action and that's the ticket for loss. Like now, I took Cable short

and USDCHF short as well, just to stay in the game. But the real pips

coming when pair is moving not like now, - flat and can go either way,

so it's just a gamble at this point, that's all it is.

My bet EUR will probably get higher overnight and since

many important USD News tomorrow morning,

we could get real good drop starting from 7AM EST..

Just wait and see.
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  • #196,612
  • Feb 16, 2010 5:53pm Feb 16, 2010 5:53pm
Quoting nvcK
System says long, common sense says short to 1.3679, market says 'tick tock algo algo up up'.
wait a few minutes for japan to open. The we all will know waht to do
  • #196,613
  • Feb 16, 2010 5:54pm Feb 16, 2010 5:54pm
AB=CD (250=250), When CD is longer than AB it usually go to 127.2% fibo (.3845) or 161.8% (.3930).

Just a thought.

TLC.
Attached Image (click to enlarge)
Click to Enlarge Name: ab=cd.gif Size: 17 KB
  • #196,614
  • Feb 16, 2010 5:54pm Feb 16, 2010 5:54pm
Quoting uraceulose
Gator,

Was that enough respect @ 3743?
that was a target one. we have passed it to far..next bull would take us to a target of 3824.. but we are in many bigger bear charts.. that may stop it.. this is the smaller bear chart we are currently in thats incomplete. it remains valid until either end is broken.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
those who can, do. those who cant, talk about those who can
  • #196,615
  • Feb 16, 2010 5:55pm Feb 16, 2010 5:55pm
Quoting SkyzerFX
Yeah, don't know about + 100 + 150 pips for 2 trades that's sounds too

fantastic, but One thing he's right for sure, - NEVER...
but... if you know you are gambling, why do you do it in the first place... you could as well just through the money into a gutter praying a wave would bring it back up to you...

i mean, it's money after all.
  • #196,616
  • Feb 16, 2010 5:56pm Feb 16, 2010 5:56pm
What a paradoxal statement.

Quoting ak4x
Sorry but I agree with Malcomb... work smarter, not harder... Just my old geriatric opinion tho.
Annoying Precision
  • #196,617
  • Feb 16, 2010 5:59pm Feb 16, 2010 5:59pm
Quoting dean walker
So yes I agree with the previous poster it does take hard work to be successful...
Nobody is debating that this isn't Hard Work... but the notion that simply working Harder as defined by more hours, more trades, more this and more that is suspect. If all you're doing is practicing wrong, then you're reinforcing Failure.

I'm pretty sure some of the hardest work any noob can do will be staying OUT of a trade and standing aside rather than just jumping into them cuz someone here posted something...

Try that for a week and get back to us. I still do it sometimes just for the discipline ((and to make sure I can))

Shoot, just try staying off this thread for two days and get back to us on how easy that was. There's people here who have completely... Oh never mind, I'm gonna go eat dinner.
FUBAR...
  • #196,618
  • Feb 16, 2010 6:02pm Feb 16, 2010 6:02pm
Quoting ak4x
I'm pretty sure some of the hardest work any noob can do will be staying OUT of a trade and standing aside rather than just jumping into them cuz someone here posted something...

fully agree on this.
  • #196,619
  • Feb 16, 2010 6:03pm Feb 16, 2010 6:03pm
Quoting Mr Hatch
but... if you know you are gambling, why do you do it in the first place..
I know, I know, but I always can bet like 1/30 of usual bet.. Like 5 cents

Casino Slot machine.. Nor really playing and not sitting doing nothing

as well, just for fun, while nothing is going on anyway.
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  • #196,620
  • Feb 16, 2010 6:07pm Feb 16, 2010 6:07pm
Quoting ak4x
Nobody is debating that this isn't Hard Work... but the notion that simply working Harder as defined by more hours, more trades, more this and more that is suspect. If all you're doing is practicing wrong, then you're reinforcing Failure.

I'm pretty sure some of the hardest work any noob can do will be staying OUT of a trade and standing aside rather than just jumping into them cuz someone here posted something...

Try that for a week and get back to us. I still do it sometimes...
me like
those who can, do. those who cant, talk about those who can
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