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  • #219,761
  • Apr 1, 2010 11:18pm Apr 1, 2010 11:18pm
Quoting gatorinla
ok we got movement below 66... 43 + slip is a target of mine st. we should bounce after passing 43 back up some..add fibs ect. ill post more if 43 is passed. 35 pops up as another. if we brick drop these wont matter..
I'm lookin for a long at 43 zone
  • #219,762
  • Apr 1, 2010 11:22pm Apr 1, 2010 11:22pm
Quoting gatorinla
ok we got movement below 66... 43 + slip is a target of mine st. we should bounce after passing 43 back up some..add fibs ect. ill post more if 43 is passed. 35 pops up as another. if we brick drop these wont matter..
You see how the DX 61.8% & Channel line got hit perfect? Turning into a nice bounce (It's still early but it's a good sign).

Still I would have liked to see the EU hit 3609... Only time will tell if it was enough.
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  • #219,763
  • Apr 1, 2010 11:23pm Apr 1, 2010 11:23pm
Quoting Mr Hatch
i can assure you, i can't do that. i sniped away (.50$/pip) 50-100 pips just scalping in and out of moving markets every day, which is kind of exhausting. as soon as i started to think about the market, learn stuff i'd have run away from a few years earlier, i started loosing. i have no clue why... possibly i'm waiting too long for really good signals, fearing consequences if sth turns against me and so on. tight sls nearly always turned against me in the past, and when it happens i don't have the nerve to re-enter.

i know you shouldn't think...

Good morning!


Yes - I have just read your post here. That is the main reason why I do never use 'STOP LOSS ORDERS'. I have learned from an old Trading Desk Trader from a very well known Financial Service that most of the trades are wiped out of too tight stop loss orders - just because most of the participitiants do not have the nerves to sit out the shit ideas they had when they entered a trade.

A 'STOP LOSS' is mostly a garanty that you will make a loss.

For that reason - we use only 'Stop reverse' (minimum 3x amount of previous position size).

Moreover it is good to analyse the failing trades with math methods - then you will possibly see that most of your failing trades would have been went out quite right and OK for you - if you would have been waiting a little bit longer until the hammer has nailed it down for you.

For that reasons 'Real PRO Platforms' even never do not use a so-called 'trailing stop' facillities. Because it is a play-tool for CHILDREN. But such play tools are not adequate / not convenient / not suitable for a real trader.

Thight Stops are mostly a grantor for loss.

Why not just do trade the opposite direction then - if often stopped out?

Could be a funny experience.

Most of the participitiants react when they see a move - which has been done already. Then they jump in the same direction - the market has been moved. But too late.

So planing and timing is an important issue in this market.

Calculate your Limit Orders - Entry and Exit - and you will see that it will work out much better for you - if you do not watch the screen then anymore. Just wait and look after it a few hours later and cash your lines then. Better you are - if you have learned by the time to calculate your 'ENTRIES and EXITS' precise enough - that you only must look for your P&L-HISTORY on a day to day basis.

Watching charts is making mad. Best results I have ever been made - when I traveled by rail through my beloved Confederatio Helvetica and just ordered by phone what my calculations and intuitions gave to me.

Its all in the air. Not in the charts. Charts show some nice grafical patterns - not less - but not more as well - but the market is drawing its own way. And market don't like your grafical views - ha ha!

Excuse me for my clumsy ENGLISH - its not the language of my choice.


bibib
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #219,764
  • Apr 1, 2010 11:31pm Apr 1, 2010 11:31pm
Quoting gatorinla
ok we got movement below 66... 43 + slip is a target of mine st. we should bounce after passing 43 back up some..add fibs ect. ill post more if 43 is passed. 35 pops up as another. if we brick drop these wont matter..

then 3497 repeat bounce crap at any posted target. not hitting the first target is a strong bullish sign
Hey Gator...does 3342 have any significance to you? Particularly when paired with 3686? Looking back 5/4/2009-5/18/2009, 3/18/2009-3/27/2009, 1/6/2009-1/12/2009, and 10/10/2008-10/20/2008....
  • #219,765
  • Apr 1, 2010 11:33pm Apr 1, 2010 11:33pm
Quoting mercy seat
Good morning!


Excuse me for my clumsy ENGLISH - its not the language of my choice.


bibib
But your English is understandable...and nice detail was passed. Thank you
  • #219,766
  • Apr 1, 2010 11:35pm Apr 1, 2010 11:35pm
Quoting mmccormac
You see how the DX 61.8% & Channel line got hit perfect? Turning into a nice bounce (It's still early but it's a good sign).

Still I would have liked to see the EU hit 3609... Only time will tell if it was enough.
i got many small entries pending above.. i was hoping to hit 95 to the pip.. anyway if below the others targets 3485 3437.. also a little stall at 3514 would be nice 5m chart.
those who can, do. those who cant, talk about those who can
  • #219,767
  • Apr 1, 2010 11:36pm Apr 1, 2010 11:36pm
strange , I see the gold jumps with a gap from 1118 to 22. this irritibilies will not serve anything than falling again ,filling the gap.
any gold related news ?
gap already filled next moment.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #219,768
  • Apr 1, 2010 11:47pm Apr 1, 2010 11:47pm
scalp from 1.3566 4 times normal size for me....short tp 1.3547
  • #219,769
  • Apr 1, 2010 11:49pm Apr 1, 2010 11:49pm
Quoting Azinvg
scalp from 1.3566 4 times normal size for me....short tp 1.3547
will wait little bit, looks like false breakout... should be still in the range
  • #219,770
  • Apr 1, 2010 11:50pm Apr 1, 2010 11:50pm
Quoting PriceVolume
Hey Gator...does 3342 have any significance to you? Particularly when paired with 3686? Looking back 5/4/2009-5/18/2009, 3/18/2009-3/27/2009, 1/6/2009-1/12/2009, and 10/10/2008-10/20/2008....
nope not on a past chart. i did find some other stuff. the d blue line one is from pair conseption. on that chart red lines are very important..
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those who can, do. those who cant, talk about those who can
  • #219,771
  • Apr 1, 2010 11:56pm Apr 1, 2010 11:56pm
Quoting 2+2=4ex
For that reason I have a tight stop loss and high risk reward ratio, 4:1.

I am new to forex. Just curious what makes you so sure to short? You think NFP will be in favour of EU? Thanks in advance.
  • #219,772
  • Apr 1, 2010 11:59pm Apr 1, 2010 11:59pm
Quoting gatorinla
nope not on a past chart. i did find some other stuff. the d blue line one is from pair conseption. on that chart red lines are very important..
Thanks Gator. I'm playing around with some Fib techniques...and it looks like this region is quite often a pain in the butt bounce region - in either direction. Hmmmmmm....
  • #219,773
  • Apr 2, 2010 12:08am Apr 2, 2010 12:08am
Good Morning All,

what a weaken market.. It seems to stay in sell position until US data, but also this action confirms me we will have a range possibility today between 13400-13585..
" Accepting losses is the most important single investment devise "
  • #219,774
  • Apr 2, 2010 12:14am Apr 2, 2010 12:14am
Quoting PriceVolume
Thanks Gator. I'm playing around with some Fib techniques...and it looks like this region is quite often a pain in the butt bounce region - in either direction. Hmmmmmm....
i had some in the 3320ish area..

im just looking at bear wedges..
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those who can, do. those who cant, talk about those who can
  • #219,775
  • Apr 2, 2010 12:23am Apr 2, 2010 12:23am
Quoting liangliang
I am new to forex. Just curious what makes you so sure to short? You think NFP will be in favour of EU? Thanks in advance.
If I had my pips back which I lost every time I thought that news will move this bit*h the "right way", I would... mmmm, have an extra amount with many zeroes on my bank account.

Bits of News, besides some REALLY important ones such as Bid Rate have little to no meaning.

Do not be fooled by this. Market only reacts to news when it wants to.

This is especially true today when market is so thin.
  • #219,776
  • Apr 2, 2010 12:28am Apr 2, 2010 12:28am
Quoting gatorinla
i had some in the 3320ish area..

im just looking at bear wedges..
Blue lines are particular points of confluence.....still looking at this.....
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  • #219,777
  • Apr 2, 2010 12:31am Apr 2, 2010 12:31am
Goodmorning All,

I also agree today is going to be a tuff day for trading in terms of trying to predict in advance what's going to happen because of the NFP data later today,

This is some scenarios that i was thinking of:

scenario 1:
The market can jump to 1.3653 then large move down

scenario 2:
The market can jump to 1.3653 then small move down, then again a large move upwards towards 1.3957

scenario 3:
The market just continue going downwards till 1.3267 then upwards

scenario 4:
The market just continue going downwards till 1.3267 then also past till 1.3140

senario 5:
not any of the above and just something crazy that no one can predict..
  • #219,778
  • Edited 1:13am Apr 2, 2010 12:42am | Edited 1:13am
The same pattern/bull flag again & again , 1 more H1 candle to down perhaps .will tp by next hr than .seeing same i more hr bear candle in H1 tf before the up.
fontu

9th H1 candles started , will close shorts & take longs to see at the low of it.
first will allow hedge to longs, deactivate ea & hedging & next close all shorts & activate ea to do that .
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #219,779
  • Apr 2, 2010 12:55am Apr 2, 2010 12:55am
Quoting don.key
If I had my pips back which I lost every time I thought that news will move this bit*h the "right way", I would... mmmm, have an extra amount with many zeroes on my bank account.

Bits of News, besides some REALLY important ones such as Bid Rate have little to no meaning.

Do not be fooled by this. Market only reacts to news when it wants to.

This is especially true today when market is so thin.
Your point is that we must not trade news (even if 2 IMPORTANT and 1 MEDIUM in EXACTLY ONE TIME) ?
  • #219,780
  • Apr 2, 2010 1:31am Apr 2, 2010 1:31am
Quoting darkwband
Your point is that we must not trade news (even if 2 IMPORTANT and 1 MEDIUM in EXACTLY ONE TIME) ?
(RFX)IMF fueled E.Europe crisis to get work-Czech cbanker


VIENNA, April 2 (Reuters) - The International Monetary Fund fueled the economic crisis in emerging Europe last year to create a situation in which it would be asked to help bail out the region, a Czech central banker was quoted as saying on Friday.
The Fund, which led the rescue of former Communist Hungary, Latvia, Ukraine and Romania, misinterpreted data as it was seeking a task under its new management, Czech deputy governor Mojmir Hampl told Austrian daily Der Standard in an interview.
"It's ridiculous that it was the IMF, of all people, who acclerated the crisis," Hampl said. "This was an apparent attempt to bring about a bail-out of an entire region."
"Before this crisis, (the IMF had) virtually no clients. With this crisis and the new leadership under Dominique Strauss-Kahn, the Fund found a new job and got more funds."
Hampl said the IMF, like others, highlighted data that exaggerated the exposure of western European banks to the region because they ignored the fact that the loans of western banks' subsidiaries were to a large extent covered by local deposits.
"The misinterpretation by the IMF was particularly unpleasant, and it had to correct those data after we intervened," he said.
Hampl reiterated his central bank's view that there was no rush for the Czech Republic to join the common euro currency, neither from the Czech side nor from euro zone members.
"The demand for new euro zone members has dropped in the crisis," he said. "The decision about Estonia will show the way. It could get more complicated than it was for Slovenia and Slovakia."
He warned that joining the euro was not a panacea for emerging Europe's countries: "Some think that as soon as they have joined the euro, they can breathe again. This leads directly into the Greek scenario."
"The founding fathers of the euro thought that it would accelerate structural reforms," he said. "The Greek example shows that the opposite is true."

(RFX)Czech cbank's Singer,Tomsik voted to cut rates


PRAGUE, April 2 (Reuters) - Czech central bankers Miroslav Singer and Vladimir Tomsik voted for a quarter point rate cut at the March 25 monetary policy meeting, minutes from the session showed on Friday.
The governing board voted 4-2 not to cut the lowest interest rates in the region further from their record lows. The main two-week repo rate is at 1 percent, the same as in the euro zone.
Most board members agreed interest rates were close to bottoming out but should rise slower and later than assumed in the current forecast.
Some board members said that the downside risks to CPI were so significant that a downward movement in interest rates could be imagined if those risk were to materialise.
those who can, do. those who cant, talk about those who can
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