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  • #198,921
  • Feb 18, 2010 10:49pm Feb 18, 2010 10:49pm
Carolyn Boroden - Fibonacci Trading

http://www.4shared.com/file/22504920...ow_to_Mas.html


Hope you will enjoy and If you want Bird Watching in Lion County - 2010 Edition ................... Let me know
  • #198,922
  • Feb 18, 2010 10:50pm Feb 18, 2010 10:50pm
Quoting 2+2=4ex
I hope Big man is correct...
Maybe political messages should be in different thread...Those who enforce politics in Forex factory has to be banned....Same like racism of any kind, shape and form.
The Market pays you to be disciplined
  • #198,923
  • Feb 18, 2010 10:56pm Feb 18, 2010 10:56pm
Quoting mima
Maybe political messages should be in different thread...Those who enforce politics in Forex factory has to be banned....Same like racism of any kind, shape and form.
sorry princess
  • #198,924
  • Feb 18, 2010 10:56pm Feb 18, 2010 10:56pm
here is monthyl projections

2014 ish = parity ( or before )

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Blogging daily now at www.volume.zone
  • #198,925
  • Feb 18, 2010 10:59pm Feb 18, 2010 10:59pm
Quoting mima
Maybe political messages should be in different thread...Those who enforce politics in Forex factory has to be banned....Same like racism of any kind, shape and form.
Political message? Huh? You're reading a little too much between the candles.
Si vis pacem, para bellum.
  • #198,926
  • Feb 18, 2010 11:00pm Feb 18, 2010 11:00pm
As I made mention of last week, a weekly bear candle this week would be a sixth consecutive one. First time since late April 2007 - early June 2007.
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  • #198,927
  • Feb 18, 2010 11:04pm Feb 18, 2010 11:04pm
Quoting Duce
Political message? Huh? You're reading a little too much between the candles.
According to them I was "enforcing" a political message. ??? It was just a joke, but some people just take things too serious I guess.
  • #198,928
  • Feb 18, 2010 11:05pm Feb 18, 2010 11:05pm
Quoting Clouds
This whole thread is full of people saying "I'm going long" , cause "they think" it went down to far, so they're gonna change the trend and buy , and SHOW THE TREND a thing or two....
I'm going to take Big Exception to your post Clouds (and anybody else that shares that sentiment...) I get as tired as anyone else with the level of idiocy and incompetentcy ((not to be confused with a genuine desire to learn)) that's often displayed on this thread but that's the Way It Is and it ain't never gonna change. We all have to Deal with it or find other digs to hang out in...

There are certain Traders here who challenge me daily and that's an invaluable resource that comes for the price of simply wading thru the thread to find their thoughts. Sometimes I agree and sometimes I don't, but I always consider the stuff that makes sense from traders who've earned the right to be listened to.

Point one is that your post (along with those of some others) follows an after hours "surprise" fed action that clearly impacted the markets, as they will every time. Minus that action and my chart had as good a chance of playing out to the upside as not, and we might not be having this exchange... and my Longs could very well have matured to TP. It happens... So does $hit.

Point two is I'm not claiming omniscience here, but when my system is showing me certain things and I interpret them against the broader scope of what I believe I'm seeing, then I'll trade it and either take the Profit or the Loss... whichever cuz that's trading. The 2hr chart below shows one component of my "thinking" and the seven 2hr candles preceding the Fed rate move constitute 14 hrs of data that went into the mental hopper on multiple Time Frames.

Short version... I stand by my posts and my trades, however "Ignore" is always an option.

I've made some excellent trades in the past that took a Loss, and made some terrible trades that turned a huge Profit. Only the former qualifies me as a Trader tho...

My trades, Long or Short were all predicated on analysis and interpretation. New events, new data, or simple loss of MOMentum part way thru a session can and will impact that view at any time. "Thinking" was required at every step. I continually exercise what's known in military aviation as the OODA Loop.

My Longs and any analysis regarding them were the product of that. That's not "showing the Trend a thing or two..." That's the "trading my own charts" mantra which many here are so fond of mindlessly droning on about... but most don't.

Quote
Why not just SELL?
And so when does one (in this case) Stop selling and Start buying...? When Trader ABC says so? Or when you've been stopped out of your Sells X number of times and you're bleeding from a thousand cuts cuz you don't know how to identify a turn...? Unfortunately, that's likely the method employed by a majority of those hundreds of people viewing this thread at any given time.

Below is a chart showing one component of why "I think" I bought dips up to the time of the Fed action which can be clearly seen. BTW... I'm still not convinced that the fed action has actually "changed" the trend turn on the TF I was watching yet either but I will be standing by and evaluating that.

Unless "thinking" is somehow less fashionable now than "feeling" it might do this or that, then...

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FUBAR...
  • #198,929
  • Feb 18, 2010 11:07pm Feb 18, 2010 11:07pm
Quoting 2+2=4ex
sorry princess
I am not female. Stop adressing me in any kind shape and form.
The Market pays you to be disciplined
  • #198,930
  • Feb 18, 2010 11:09pm Feb 18, 2010 11:09pm
For those who like to follow my setup, please help yourself.

My Margin call is at 1.2400 unless if one of the orders retrace touch the TP price. I will reset those orders once when one of the TP hit the target.
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  • #198,931
  • Feb 18, 2010 11:13pm Feb 18, 2010 11:13pm
Quoting ak4x
I'm going to take Big Exception to your post Clouds (and anybody else that shares that sentiment...) I get as tired as anyone else with the level of idiocy and incompetentcy ((not to be confused with a genuine desire to learn)) that's often displayed on this thread but that's the Way It Is and it ain't never gonna change. We all have to Deal with it or find other digs to hang out in...
I just thought it was crazy that someone from this thread would ask about certain levels from another person, without knowing how they came up with those levels. I couldn't help myself from commenting, but I wasn't trying to start anything. Gator is very nice to share his analysis, but for others to ask about them everyday is something else.
  • #198,932
  • Feb 18, 2010 11:15pm Feb 18, 2010 11:15pm
Quoting 2+2=4ex
As I made mention of last week, a weekly bear candle this week would be a sixth consecutive one. First time since late April 2007 - early June 2007.
is it a weekly chart ?? so what do you say now ?? south south south or may be to long now?? pl;ease advice !!
EUR/USD
  • #198,933
  • Feb 18, 2010 11:17pm Feb 18, 2010 11:17pm
heres an hourly with fib based off of GMT daily. purple is pp, yellow s/r, aqua mid s/r

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  • #198,934
  • Feb 18, 2010 11:18pm Feb 18, 2010 11:18pm
Quoting ak4x
I'm going to take Big Exception to your post Clouds (and anybody else that shares that sentiment...) I get as tired as anyone else with the level of idiocy and incompetentcy ((not to be confused with a genuine desire to learn)) that's often displayed on this thread but that's the Way It Is and it ain't never gonna change. We all have to Deal with it or find other digs to hang out in...

There are certain Traders here who challenge me daily and that's an invaluable resource that comes for the price of simply wading thru the thread to find...
Everything was pretty sound in your analysis. Today just wasn't a normal trading day. Like you said $hit happens. You have to play it like you see it. Just like in Texas Hold'em. If you're dealt AA and your opponent raises before the flop, you can't fold them. You have to play it when it comes to you that way. If it doesn't work out then s--t happens, but you can't kick yourself. Anyway, is that the rsx indicator you posted the other day??
  • #198,935
  • Feb 18, 2010 11:23pm Feb 18, 2010 11:23pm
bear flag 15 min may be breaking ..... 1.3450 support
Blogging daily now at www.volume.zone
  • #198,936
  • Feb 18, 2010 11:23pm Feb 18, 2010 11:23pm
Quoting ak4x
I'm going to take Big Exception to your post Clouds (and anybody else that shares that sentiment...) I get as tired as anyone else with the level of idiocy and incompetentcy ((not to be confused with a genuine desire to learn)) that's often displayed on this thread but that's the Way It Is and it ain't never gonna change. We all have to Deal with it or find other digs to hang out in...

There are certain Traders here who challenge me daily and that's an invaluable resource that comes for the price of simply wading thru the thread to find...
Nice sharing dude .. Thanks
EUR/USD
  • #198,937
  • Feb 18, 2010 11:26pm Feb 18, 2010 11:26pm
Clouds,
I don't know how Gator comes up with his levels. He said there is a system to it and will not share it as this is what makes it valuable so the BIG KNOW HOWS won't steal and manipulate us all. I respect that. I respect his tech analysis.

I may not understand but that doesn't mean I can't apply it. I don't understand how cell phones can transmit a message from outer space back to someone on earth but I use the system!

Please understand I want t learn and will ask dumb questions to figure out something confusing. I have no pride when it comes to knowledge.
  • #198,938
  • Feb 18, 2010 11:27pm Feb 18, 2010 11:27pm
Quoting Noordin
is it a weekly chart ?? so what do you say now ?? south south south or may be to long now?? pl;ease advice !!
Yes it's a weekly chart. My opinion is a retrace seems more likely at this point over the next week. A healthy trend does have it's periods of pause, reverse, recharge then push. We haven't had a seventh consecutive candle in even longer, don't know when really. My overall sentiment of dollar strengthening over the next couple months hasn't changed, but I think we're due for a break, IMO.

Just remember when trading against trend keep a tight stop loss. IMO there is reason why anyone should lose a large sum of pips trading against trend. If you're gonna jump out of a plane you don't leave the parachute.
  • #198,939
  • Feb 18, 2010 11:29pm Feb 18, 2010 11:29pm
Very interested to see what the London-based hedge funds do with E/U in about an hour/hour and a half. Could get a little crazy.
  • #198,940
  • Feb 18, 2010 11:30pm Feb 18, 2010 11:30pm
Quoting ak4x


And so when does one (in this case) Stop selling and Start buying...? When Trader ABC says so? Or when you've been stopped out of your Sells X number of times and you're bleeding from a thousand cuts cuz you don't know how to identify a turn...? Unfortunately, that's likely the method employed by a majority of those hundreds of people viewing this thread at any given time.

Attachment
I look at monthly chart for clues. I won't trade against monthly, but everyone has their own style. Anyway, let's trade.
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