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EURUSD

  • #221,261
  • Apr 6, 2010 4:59pm Apr 6, 2010 4:59pm
Quoting ledobedo
how did your gold go?i got stopped out
still going
  • #221,262
  • Apr 6, 2010 5:01pm Apr 6, 2010 5:01pm
Quoting PriceVolume
No you don't. Think of it as positive reinforcement for negative behavior: sure, sometimes trading without a plan will pay off, and you'll make money.....but most of the time it will just bite you in the ass.
i don't know just yet, i keep statistics on all my trades, especially since i have a plan. something is not finetuned enough, i keep overlooking things like the pivot points for a bounce and so on. dp is staring right in my face and i should have considered it to be bouncing. well, wasn't really touched though. i'm too eager at the moment, i guess.
  • #221,263
  • Apr 6, 2010 5:05pm Apr 6, 2010 5:05pm
Quoting Maeglin
still going
about break even no?i m short on all three yen pairs overnight..if yen is to gain last weeks losses i ll be singing in the morning shower.. i have to see 350 break to enter another eurusd position..or the down channel to break
  • #221,264
  • Apr 6, 2010 5:08pm Apr 6, 2010 5:08pm
Skyzer, just look at charts of bonds against USD (based on extremes)

1986-1996: USD 130 to 80; Bonds 78 to 115
1996-2002: USD 80 to 120; Bonds 115 to 94
2002-present: USD 120 to 72; Bonds 94 to 130

So there is an obvious progression there, no matter what reasons there are, ifs, buts, whys, etc. Whenever bonds rise USD does the opposite, so now price action in bond's monthly chart looks weakening (H&S+F), so it is logical to conclude that USD will respect historical correlation and will move in the opposite direction to US bond market.
Prices oscillate, trends persist. Trend is your friend.
  • #221,265
  • Apr 6, 2010 5:09pm Apr 6, 2010 5:09pm
Nice Hatch.. You might become a trader yet. Your only crime was forgetting to tell the peanut gallery where, when and how to go **** themselves..

Trade your plan regardless of the lamentations of the many, most of whom will look upon trading as a painful memory in one year's time.

I'm long EJ with a tight stop as promised .. Risk/reward is off the charts from this level..
  • #221,266
  • Apr 6, 2010 5:12pm Apr 6, 2010 5:12pm
Quoting Pippy5000
Nice Hatch.. You might become a trader yet. Your only crime was forgetting to tell the peanut gallery where, when and how to go **** themselves..

Trade your plan regardless of the lamentations of the many, most of whom will look upon trading as a painful memory in one year's time.

I'm long EJ with a tight stop as promised .. Risk/reward is off the charts from this level..
mind to share reasons since i m short?
  • #221,267
  • Apr 6, 2010 5:18pm Apr 6, 2010 5:18pm
Quoting Pippy5000
Nice Hatch.. You might become a trader yet. Your only crime was forgetting to tell the peanut gallery where, when and how to go **** themselves..
i don't really get that one...
  • #221,268
  • Apr 6, 2010 5:18pm Apr 6, 2010 5:18pm
How did you get 3304 Hatch?

Quoting Mr Hatch
i have 1.3304 and 1.3423 in the cards right now. any opinions?
Disclaimer: Check your 1m charts
  • #221,269
  • Apr 6, 2010 5:20pm Apr 6, 2010 5:20pm
.
Attached Image
those who can, do. those who cant, talk about those who can
  • #221,270
  • Apr 6, 2010 5:21pm Apr 6, 2010 5:21pm
Class Gator

Quoting gatorinla
.
Disclaimer: Check your 1m charts
  • #221,271
  • Apr 6, 2010 5:21pm Apr 6, 2010 5:21pm
Getting warmer.
Attached Image
Prices oscillate, trends persist. Trend is your friend.
  • #221,272
  • Apr 6, 2010 5:22pm Apr 6, 2010 5:22pm
Quoting gatorinla
first target atm 3375 + slip bounce bs.. current 3381 L

second 3345 + slip then bounce

if first completes then goes below #1 target trend should resume w/o going higher above 3409
done
  • #221,273
  • Apr 6, 2010 5:22pm Apr 6, 2010 5:22pm
Quoting Mr Hatch
according to this chart, we could revisit 3495 easily.
Yes. Betting counter trend requires a convincing reason. The three weekly candles (doji) in the last consolidation period was a good enough reason. That worked out well didn't it

I try to have a reason for placing a trade. Sometimes I'm wrong
  • #221,274
  • Apr 6, 2010 5:23pm Apr 6, 2010 5:23pm
Quoting pipper
How did you get 3304 Hatch?
this is a target i have on my chart.
  • #221,275
  • Apr 6, 2010 5:25pm Apr 6, 2010 5:25pm
Are you calculating using Fib extensions ? Sorry for questions. Slowly grasping levels and Gator's magic

Quoting Mr Hatch
this is a target i have on my chart.
Disclaimer: Check your 1m charts
  • #221,276
  • Apr 6, 2010 5:25pm Apr 6, 2010 5:25pm
Going to hibernate for a while, good luck twaders.
Prices oscillate, trends persist. Trend is your friend.
  • #221,277
  • Apr 6, 2010 5:26pm Apr 6, 2010 5:26pm
Quoting Mr Hatch
i don't know just yet, i keep statistics on all my trades, especially since i have a plan. something is not finetuned enough, i keep overlooking things like the pivot points for a bounce and so on. dp is staring right in my face and i should have considered it to be bouncing. well, wasn't really touched though. i'm too eager at the moment, i guess.
The best plans are mechanical. Something that doesn't leave decisions to the whims of the trader. I think you need to come up with one. Just come up with a simple plan and test it bar by bar over the weekend. You will soon find out if your plan is really profitable or not.

The less we have to think, the better because traders always make imperfect decisions. We all need guides to tell us what to do. It is not really difficult to come up with a set of rules and backtest their effectiveness. If you don't come up with a plan, it just means that:
1)You are still unsure of what you want to do with your signals. At most, you are guessing about the direction of the market because you have no confidence to say that it will work. You are attributing your success largely to lady fortuna.
2)You will always be missing out on something or overlooking a set of rules or some magical thing that made you miss out on a move/get out of a move. This will always happen if you leave the trading decision to the trader. We are hardwired to connect instances together. Sometimes just because we missed that move we blame ourselves for not respecting pivots when in fact it could be just because the market wanted to move.

Must always have rules... my 2pip worth
  • #221,278
  • Apr 6, 2010 5:27pm Apr 6, 2010 5:27pm
Quoting Mr Hatch
done
not yet i need bounce.. no bounce then we get the rare brick drop.
those who can, do. those who cant, talk about those who can
  • #221,279
  • Apr 6, 2010 5:28pm Apr 6, 2010 5:28pm
Quoting pipper
Are you calculating using Fib extensions ? Sorry for questions. Slowly grasping levels and Gator's magic
i'm throwing all at this bitch that i got, even voodoo, if necessary... i'm trying to, yes.
  • #221,280
  • Apr 6, 2010 5:36pm Apr 6, 2010 5:36pm
Quoting gatorinla
not yet i need bounce.. no bounce then we get the rare brick drop.
got 9 pips worth now.. lets see if we get below 75
those who can, do. those who cant, talk about those who can
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