i should trust the butterfly too to make some more pips when it's going south..well, floating -200 now, fairly good lesson for me today, i learn about butterfly pattern and elliot waves more today..
what a day...
Cable Update (GBPUSD)
- #200,261
- Feb 17, 2010 1:26pm Feb 17, 2010 1:26pm
i should trust the butterfly too to make some more pips when it's going south..well, floating -200 now, fairly good lesson for me today, i learn about butterfly pattern and elliot waves more today..
what a day...
- #200,262
- Feb 17, 2010 1:29pm Feb 17, 2010 1:29pm
if you wanna know about butterflies you should speak to shad... 
didn't see her post much today...
didn't see her post much today...
well, floating -200 now, fairly good lesson for me today, i learn about butterfly pattern and elliot waves more today..
what a day...
- #200,263
- Feb 17, 2010 1:31pm Feb 17, 2010 1:31pm
which butterfly are you referring to btw?
well, floating -200 now, fairly good lesson for me today, i learn about butterfly pattern and elliot waves more today..
what a day...
- #200,264
- Feb 17, 2010 1:42pm Feb 17, 2010 1:42pm
which butterfly are you referring to btw?
), i chosed to stay focus at elliot waves in D1 chart, and here are the price falling 100 pips below....but i'm happy though, i kept the risk at safe percentage and i learn 3 things for my swing analysis for the better day tomorrow and after..
i trade for living now so i have to go out from my comfort zone, this is my first wound..
but i learned the chart again and there are enough possiblities the pairs will go back again, i'll close my position tomorrow if it still at the downside
http://img130.imageshack.us/img130/1...ubutterfly.gif
- #200,265
- Feb 17, 2010 1:42pm Feb 17, 2010 1:42pm
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
well, floating -200 now, fairly good lesson for me today, i learn about butterfly pattern and elliot waves more today..
what a day...
i can se in my chart
Don't compare your Trades with Others
- #200,267
- Feb 17, 2010 1:51pm Feb 17, 2010 1:51pm
this was it..i thought about bearish movement possibilities, but i ignore it because it's just yesterday i know about butterfly pattern (thanks to shad actually
but i'm happy though, i kept the risk at safe percentage and i learn 3 things for my swing analysis for the better day tomorrow and after..
i trade for living now so i have to go out from my comfort zone, this is my first wound..
but i learned the chart again and there are enough possiblities...
Formation of batterfly takes very long time. My opinion is that it will be better use it as a secondary reference.
Face both Win and Lose bravely- #200,268
- Feb 17, 2010 1:56pm Feb 17, 2010 1:56pm
to be honest that butterfly doesn't look right to me..
wormboy posted this link... you should check it out...
http://www.trade2win.com/boards/trad...tml#post998518
how long have u been trading by the way?
wormboy posted this link... you should check it out...
http://www.trade2win.com/boards/trad...tml#post998518
how long have u been trading by the way?
this was it..i thought about bearish movement possibilities, but i ignore it because it's just yesterday i know about butterfly pattern (thanks to shad actually
but i'm happy though, i kept the risk at safe percentage and i learn 3 things for my swing analysis for the better day tomorrow and after..
i trade for living now so i have to go out from my comfort zone, this is my first wound..
but i learned the chart again and there are enough...
- #200,271
- Feb 17, 2010 2:11pm Feb 17, 2010 2:11pm
to be honest that butterfly doesn't look right to me..
wormboy posted this link... you should check it out...
http://www.trade2win.com/boards/trad...tml#post998518
how long have u been trading by the way?
, honestly, that is the third butterfly i've made from yesterday 
i've been trading about 2 months, but swing trading, just starting this week, i'm still looking for my trading style
- #200,274
- Feb 17, 2010 2:31pm Feb 17, 2010 2:31pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
just an update no short no long
- #200,276
- Feb 17, 2010 3:03pm Feb 17, 2010 3:03pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #200,277
- Feb 17, 2010 3:20pm Feb 17, 2010 3:20pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
smell war easy guys u all are great who dos not make mistakes i did post this pic yesterday and here its have fun
i did post this pic yesterday and here its have fun 
- #200,279
- Feb 17, 2010 3:28pm Feb 17, 2010 3:28pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
For those who are wondering why we are making a move down, or why we collapsed where we did...I will post 2 charts. One that was posted yesterday, showing the fill on the market price...Cover trading, the second, the fact that we entered back into the Monthly downtrend, and have confirmed on a weekly chart. This being said...Exercise your long positions with caution, and make sure your ass is covered.
First chart, shows the place where we needed to back fill. Follows the Elliot waves and cover trade principles of trading.
Second chart.
Have a gander. Check out the MACD, circles on all charts, see what happens when the MACD on any of the charts goes below Zero? Take the second oscillator, OSMA. See how when it confirms the down trend, how much lower we can go?
I trade support and resistance, it's not the only way to trade, but do invite others to my thread if they are currently struggling with price action. Feel free to ask questions if you need to, and if you don't understand my charting and are more comfortable with a different set, be my guest. As another great trader CTIC says, there are a lot of great ways to trade, find which one suits you best.
First chart, shows the place where we needed to back fill. Follows the Elliot waves and cover trade principles of trading.
Second chart.
Have a gander. Check out the MACD, circles on all charts, see what happens when the MACD on any of the charts goes below Zero? Take the second oscillator, OSMA. See how when it confirms the down trend, how much lower we can go?
I trade support and resistance, it's not the only way to trade, but do invite others to my thread if they are currently struggling with price action. Feel free to ask questions if you need to, and if you don't understand my charting and are more comfortable with a different set, be my guest. As another great trader CTIC says, there are a lot of great ways to trade, find which one suits you best.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
