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Central Banks & Big Players

  • #2,061
  • Apr 23, 2010 4:53am Apr 23, 2010 4:53am
Quoting geomink
nine pip candle

stick with the rules

stopped out


You're right. I entered based on a channel break and didn't draw the lines because it was kinda obvious. I actually was sloppy and got a late entry, as I had a problem with my laptop's pointing device. Lucked out though and scalped 20 pips, as I didn't want to stay in longer and mess with that major resistance just below today's pivot level.

I realize I probably shouldn't be posting results that are not based on the rules exactly as outlined in the opening post, as to not confuse people who are new to Tony's system. So I'll come back when I have a trade that meets the rules.

Have a good weekend!
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  • #2,062
  • Apr 23, 2010 9:47am Apr 23, 2010 9:47am
wishing you a nice weekend from the streets of New York and... for the ones that dropped me well, I hope you're doing well ... after all ... do what works have a nice weekend too, money is not what counts, it's us that count it.
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  • #2,063
  • Apr 23, 2010 10:46am Apr 23, 2010 10:46am
Quoting Tony112
wishing you a nice weekend from the streets of New York and... for the ones that dropped me well, I hope you're doing well ... after all ... do what works have a nice weekend too, money is not what counts, it's us that count it.
Now, some folks are going to ask themselves where your 8 pip entry candle was. Since it's your thread, I feel a bit bold to tell them that it's okay to break the rules, as long as you understand the rules you are breaking. Now, I didn't exactly break my rules, but the rules suggested by you, which you have changed several times yourself, because you are adapting to the ever changing conditions and market cycles. That's what survivors and successful people do. If your favorite weapon on the battlefield is a sniper rifle, you might still find situations where your weapon of choice is useless and a knife is perfect. A trading system is a weapon of choice, whereas learning how to trade is an arsenal, toolbox, whatever... I think you get my point. Do whatever works is also my motto. Wish you a nice weekend and see you on Monday.
  • #2,064
  • Apr 23, 2010 11:56am Apr 23, 2010 11:56am
Quoting Aaron
Now, some folks are going to ask themselves where your 8 pip entry candle was. Since it's your thread, I feel a bit bold to tell them that it's okay to break the rules, as long as you understand the rules you are breaking. Now, I didn't exactly break my rules, but the rules suggested by you, which you have changed several times yourself, because you are adapting to the ever changing conditions and market cycles. That's what survivors and successful people do. If your favorite weapon on the battlefield is a sniper rifle, you might still find situations...

Trichet called me before this one
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  • #2,065
  • Apr 23, 2010 5:43pm Apr 23, 2010 5:43pm
Quoting Tony112
wishing you a nice weekend from the streets of New York and... for the ones that dropped me well, I hope you're doing well ... after all ... do what works have a nice weekend too, money is not what counts, it's us that count it.
hehe I'm still here with ya Tony
  • #2,066
  • Apr 23, 2010 5:46pm Apr 23, 2010 5:46pm
what means dropped me???? lool
  • #2,067
  • Apr 24, 2010 12:04am Apr 24, 2010 12:04am
Quoting Tony112
Trichet called me before this one
Ever since Master Yoda taught me to move the market with my mind, I stopped using S & R and taking phone calls from Trichet. Prosper, may you always, Master Tony!
  • #2,068
  • Apr 24, 2010 7:42am Apr 24, 2010 7:42am
Quoting Aaron
.........In conclusion, there’s a reason when a price bar bursts up or down 10 pips and stops dead in its tracks before it reverses. .....
Aaron...in you opinion what is that reason...

also, it would be nice if Tony could aswer this question.

Thanks.
  • #2,069
  • Apr 24, 2010 8:51am Apr 24, 2010 8:51am
Quoting ForexSV
Aaron...in you opinion what is that reason...

also, it would be nice if Tony could aswer this question.

Thanks.
Doesn't the price break because of a liquidity hole?
  • #2,070
  • Apr 24, 2010 12:23pm Apr 24, 2010 12:23pm
Quoting ForexSV
Aaron...in you opinion what is that reason...

also, it would be nice if Tony could aswer this question.

Thanks.
There are many reasons, more than my limited mind comprehends, but one frequently occurring scenario is that during a trend, if price retraces to a level of significant S & R, a huge bulk of orders will be triggered, and if more stop loss orders are triggered than limit orders, price could temporarily burst countertrend, making it look like a reversal to some people. But then again, if let's say the trend is not strong enough and such a scenario happens, then if enough people, who "mistakenly" thought a reversal was occurring, jump in with their orders countertrend, the reversal might become an actuality. As you can see, which I'm sure you heard before, the market is quite complex, just like you and I. The great thing though is that you don't have to understand everything that is occurring, just understand enough to have an edge, which I'm also sure you heard before.
  • #2,071
  • Apr 25, 2010 10:16pm Apr 25, 2010 10:16pm
man Bern was supposed to call me today didn't eve get no call,... I'm gonna have to talk to him

Bernanke let's get this straight to the point it's either a deal or not, I'll let you think about it for 2 more days holla Bern....
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  • #2,072
  • Apr 25, 2010 11:04pm Apr 25, 2010 11:04pm
1.5440 on gbpusd is a tragic level
Invest in alarm clocks
  • #2,073
  • Apr 26, 2010 12:21am Apr 26, 2010 12:21am
thnx bern, i owe you one
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  • #2,074
  • Apr 26, 2010 12:23am Apr 26, 2010 12:23am
set on a 0SL 120pip TP that will be the only trade of the week floating at 12
Invest in alarm clocks
  • #2,075
  • Apr 26, 2010 12:26am Apr 26, 2010 12:26am
i felt generous today so I set my SL to 0.10 pip
you can call me Laser Precision Tony
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  • #2,076
  • Apr 26, 2010 12:32am Apr 26, 2010 12:32am
Quoting Tony112
set on a 0SL 120pip TP that will be the only trade of the week floating at 12
I entered same trade at market price and got a bad fill at 1.5448.....slippage.
  • #2,077
  • Apr 26, 2010 12:33am Apr 26, 2010 12:33am
and guys, believe me on this one, this right here WAS a major bankers move
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  • #2,078
  • Apr 26, 2010 12:35am Apr 26, 2010 12:35am
Quoting stinger88
I entered same trade at market price and got a bad fill at 1.5448.....slippage.
it's ok, happens...
that's why i have laser fast connections here a mili second cost me 5 billion $ out here
Invest in alarm clocks
  • #2,079
  • Apr 26, 2010 12:36am Apr 26, 2010 12:36am
Quoting Tony112
it's ok, happens...
that's why i have laser fast connections here a mili second cost me 5 billion $ out here

guys don't listen to me I'm a bit tired
Invest in alarm clocks
  • #2,080
  • Apr 26, 2010 12:37am Apr 26, 2010 12:37am
Quoting Tony112
it's ok, happens...
that's why i have laser fast connections here a mili second cost me 5 billion $ out here
That's the last time I'm using market orders.....switching back to limit.
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