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  • #226,301
  • Apr 15, 2010 10:12am Apr 15, 2010 10:12am
Quoting acumen
what did you mean?

m
In a world (internet trading forums) where 1-2% is thrown around as a responsible amount to risk, I assume that your statement of "small" means 1% or less. You could probably trade far larger and still be mathematically sound, but you don't for whatever reason. Since we were talking about a guy who lost half his capital, maybe your reason is capital preservation, intolerance of greater fluctations, or being conservative for the sake of it. I don't know, but the maths of trading relatively aggressively - but not overly aggressively - is fine.
  • #226,302
  • Apr 15, 2010 10:14am Apr 15, 2010 10:14am
Quoting Atlast
Hi, long time no see.
No I don't watch E/G. what's the picture there?
G'day Atlast - Euro has been losing against GBP all day - should calm down now - it's done it's average ADR. You should put the three charts up and have a look at the effect of E/G on E/U and G/U. I think you might be pleasantly surprised. I always keep an eye on it.
Nothing worth having is easy.
  • #226,303
  • Apr 15, 2010 10:18am Apr 15, 2010 10:18am
Quoting Mr J
In a world (internet trading forums) where 1-2% is thrown around as a responsible amount to risk, I assume that your statement of "small" means 1% or less. You could probably trade far larger and still be mathematically sound, but you don't for whatever reason. Since we were talking about a guy who lost half his capital, maybe your reason is capital preservation, intolerance of greater fluctations, or being conservative for the sake of it. I don't know, but the maths of trading relatively aggressively - but not overly aggressively - is fine....
but... trade more than 4% of your total account on each trade and prob theory says you have about a 20% chance of survival.

m
  • #226,304
  • Apr 15, 2010 10:21am Apr 15, 2010 10:21am
EU moved up to 50 Fib @ 3584ish and bounced
  • #226,305
  • Apr 15, 2010 10:22am Apr 15, 2010 10:22am
Quoting Mr Hatch
that's how i look at it right now. for the moment, we have a nice double-top, a nice resistance in the way. but i will wait for a breakout and confirmation these days. GU H4.

i wonder if that would drive eur down as well, and how far?

Nice chart. GU above 1.55 again, sl hit at be yet again. alltough we had a 130 pip drop, it may prove my LT analyzes wrong.

I'm not an expert but tl's can be drawn many ways. There's also another line in confluence.


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  • #226,306
  • Edited 10:27am Apr 15, 2010 10:23am | Edited 10:27am
Quoting Why Oh Why
Long from 1.353 and above for another couple. Short 1 from 1.363. Last 1.355.

http://pcinternational.co.uk/wp-cont...4/eurusd10.gif

Still holding short at 1.363. Closed 3 long and back in again for 1 at 1.357 to make me neutral at the moment. Last 1.357.

http://pcinternational.co.uk/wp-cont...4/eurusd11.gif

Do not focus on making money; focus on protecting what you have.
  • #226,307
  • Apr 15, 2010 10:24am Apr 15, 2010 10:24am
Quoting acumen
but... trade more than 4% of your total account on each trade and prob theory says you have about a 20% chance of survival.

m
There's a few values missing for it to be considered much of a theory.

Consider one trader who risks 4% on his trades, and averages a 40% return per trade, to a trader who risks 2% per trade and earns just 10% on average per trade. Who is trading more aggressively? The second trader, even though he's risking less capital per trade.

Any decent trader that doesn't operate on a very fast timeframe should operate on margins large enough that 4% is reasonable. Living with it though is another matter.
  • #226,308
  • Apr 15, 2010 10:25am Apr 15, 2010 10:25am
38.2% ???
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #226,309
  • Apr 15, 2010 10:25am Apr 15, 2010 10:25am
Some retracement occuring due a sell set up perfection in M15 completed may be till 59 but in m30 setup candle 8th & one more to up ,may be to 1.3590-1.3602 before a good retracement may occur. In h1 just 3 set up up rally though h4 now now support the bull but may if continue up.

so will close shorts at 59 & wait again at the top .scalping.
fontu

update just close shorts at 59 but see the counts have changed , no more setup up now in m30 rather may continue down as per h4 setup down .anyway will check again for new shorts.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #226,310
  • Apr 15, 2010 10:27am Apr 15, 2010 10:27am
Quoting fontu
Some retracement occuring due a sell set up perfection in M15 completed may be till 59 but in m30 setup candle 8th & one more to up ,may be to 1.3590-1.3602 before a good retracement may occur. In h1 just 3 set up up rally though h4 now now support the bull but may if continue up.
fontu
would you please explain this? never heard of this before.
  • #226,311
  • Apr 15, 2010 10:29am Apr 15, 2010 10:29am
Quoting Patience
G'day Atlast - Euro has been losing against GBP all day - should calm down now - it's done it's average ADR. You should put the three charts up and have a look at the effect of E/G on E/U and G/U. I think you might be pleasantly surprised. I always keep an eye on it.
Wow, had a look at it, perfect pitchfork in hourly.
  • #226,312
  • Apr 15, 2010 10:30am Apr 15, 2010 10:30am
3570 is consolidating on the LOWER side.

first short target 3481
second short target 3433
pull back and long at 3393
  • #226,313
  • Apr 15, 2010 10:32am Apr 15, 2010 10:32am
i'm opening a couple more shorts here now. stops around 3600, first target 30 pips...second open 4 now but probably close around 1:00 PM today pst.


edit: I longed u/j too from daily S1
DZ
  • #226,314
  • Apr 15, 2010 10:32am Apr 15, 2010 10:32am
Voodoo trade alert.
Founder of Sutherland Wave Principle
  • #226,315
  • Apr 15, 2010 10:33am Apr 15, 2010 10:33am
Due to the wick and the close of the candle on the 15 min chart with price action, is anyone else selling on the 15 min chart?
  • #226,316
  • Apr 15, 2010 10:35am Apr 15, 2010 10:35am
Quoting Atlast
Wow, had a look at it, perfect pitchfork in hourly.
ROFL - wasn't quite what I meant. I was expecting you to see that since 2.30 pm when E/G lost 30 pips, there was an accelerated move up in G/U while E/U just fluffed about. But if you have seen a perfect pitchfork, that's even better
Nothing worth having is easy.
  • #226,317
  • Apr 15, 2010 10:36am Apr 15, 2010 10:36am
Double brain fart. I just took the other side of a trade I'd usually take myself .
  • #226,318
  • Apr 15, 2010 10:36am Apr 15, 2010 10:36am
Quoting smurf
Due to the wick and the close of the candle on the 15 min chart with price action, is anyone else selling on the 15 min chart?

I pretty much only trade the 15M now. I just mean I use 15M for entry and exit always...I still of course always keep an eye on my longer stuff
  • #226,319
  • Apr 15, 2010 10:39am Apr 15, 2010 10:39am
Breaking News

Greece seeks talks on €30bn rescue
Greece capitulated to market pressure on Thursday and asked the European Commission for “consultations” on a €30bn ($41bn) loan package to stave off default.

George Papaconstantinou, finance minister, said in a letter to Brussels the government wanted to discuss “a multi-year economic policy programme with the Commission, the European Central Bank and the International Monetary Fund.”
Prices oscillate, trends persist. Trend is your friend.
  • #226,320
  • Apr 15, 2010 10:41am Apr 15, 2010 10:41am
Quoting jsspmk
Breaking News

Greece seeks talks on €30bn rescue
Greece capitulated to market pressure on Thursday and asked the European Commission for “consultations” on a €30bn ($41bn) loan package to stave off default.

George Papaconstantinou, finance minister, said in a letter to Brussels the government wanted to discuss “a multi-year economic policy programme with the Commission, the European Central Bank and the International Monetary Fund.”
why did you delete the term "scam". what is it now?
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