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  • #234,841
  • May 3, 2010 8:45am May 3, 2010 8:45am
Quoting RichLadyFX
Boring...boring...boring

Long@3228, ready to exit if the arises.

you made baout 130 pip today ... 2 trades .... awesome , since then you placed 2 more trades just because and it seems due to range you do not have clear idea of direction

Over trading will kill a trader , specially when market is like it is today.

What i would do if i had banked 130 pip is get out out and enjoy the day.
Blogging daily now at www.volume.zone
  • #234,842
  • May 3, 2010 8:45am May 3, 2010 8:45am
Quoting kuroro001
What tf ?
TF 15

Mine always 15
Great Bodies are Engineered not Born
  • #234,843
  • May 3, 2010 8:47am May 3, 2010 8:47am
Quoting yorygog
I am allready there.

Going for 93.85.

me too hope it go will
  • #234,844
  • May 3, 2010 8:49am May 3, 2010 8:49am
Quoting malcolmb14
you made baout 130 pip today ... 2 trades .... awesome , since then you placed 2 more trades just because and it seems due to range you do not have clear idea of direction

Over trading will kill a trader , specially when market is like it is today.

What i would do if i had banked 130 pip is get out out and enjoy the day.
Thank Malcomb, you are an inspiration. How much the value of 1 pip to you?
Great Bodies are Engineered not Born
  • #234,845
  • May 3, 2010 8:49am May 3, 2010 8:49am
Quoting yorygog
Give me a break. Charts do not predict the future they only tell us what has allready happened. I use charts, they are very helpful, but they do not predict the future they only give us a good indication of the probabilities of what might happen next,

This might be a extreme example, but how many charts predicted 911?

I realize that many of you out there were only kids when that happened but that political/religous event made every single chart worthless.
depends on the chart. if you have good charts before the candle appears then they do indicate. but no chart predicted 911..then again look at your charts even on 911...not much more movement then normal in the forex market.
those who can, do. those who cant, talk about those who can
  • #234,846
  • May 3, 2010 8:53am May 3, 2010 8:53am
Quoting malcolmb14
you made baout 130 pip today ... 2 trades .... awesome , since then you placed 2 more trades just because and it seems due to range you do not have clear idea of direction

Over trading will kill a trader , specially when market is like it is today.

What i would do if i had banked 130 pip is get out out and enjoy the day.
When I make 130 pips over 3 days, let alone 2 trades in one day, I'm happy and off to the track.
Si vis pacem, para bellum.
  • #234,847
  • May 3, 2010 8:53am May 3, 2010 8:53am
Tried a little short...here at 1,3230...stop above 1,3250... tp 1,3180 & 1,3130
COT: The precious data ignored
  • #234,848
  • May 3, 2010 8:53am May 3, 2010 8:53am
Quoting yorygog
Give me a break. Charts do not predict the future they only tell us what has allready happened. I use charts, they are very helpful, but they do not predict the future they only give us a good indication of the probabilities of what might happen next,

This might be a extreme example, but how many charts predicted 911?

I realize that many of you out there were only kids when that happened but that political/religous event made every single chart worthless.
I can understand your point. But then I can argue at the same time that nobody predicted 911. Unless important guys in your country (if you wanna believe in propaganda) who was the actual client or organizer of that.

I just wanted to say that trading purely on charts can give you good profit if you have good MM. Obviously you should pay attention on big news, things like 911 or Greece.

I suppose you are an old trader, if you care about my age Probably you don't find trading so easy any more. People are talking that trading became so hard, unpredictable and etc. Maybe it's time to take a break and leave market for the young generation?

Peace man
  • #234,849
  • May 3, 2010 8:54am May 3, 2010 8:54am
Quoting kuroro001
Tried a little short...here at 1,3230...stop above 1,3250... tp 1,3180 & 1,3130

pure speculation on the economic events?

thats food for the MM.
  • #234,850
  • May 3, 2010 8:57am May 3, 2010 8:57am
Quoting RichLadyFX
Thank Malcomb, you are an inspiration. How much the value of 1 pip to you?
I trade $100 per pip

Daily suggests an inverted head and shoulders. If this forms and plays out 1.3670 is target

Today i am on the ES ( s and p emini) due to stopping volume I saw on Fridays drop I have been long 1185 with target 1195 to 1200 ( about 150 pip)

Current stop is +4 and trade working out
Blogging daily now at www.volume.zone
  • #234,851
  • May 3, 2010 8:58am May 3, 2010 8:58am
Wonder which way it'll break?
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  • #234,852
  • May 3, 2010 8:59am May 3, 2010 8:59am
Quoting gatorinla
depends on the chart. if you have good charts before the candle appears then they do indicate. but no chart predicted 911..then again look at your charts even on 911...not much more movement then normal in the forex market.
I use charts, I would be lost without them. But still, I do not follow them blindly when other strong forces are at work. If charts are so infalible we would all be rich by now.

Just take a peek at the Elliot Wave thread.



Somehow, someway, slight of hand; they rearrange their .....waves?

If one was to follow the advice they would be broke by now. But yet the waves are allways correct, no matter how many times they deviate from the initial prediction.

Too subjective.
  • #234,853
  • May 3, 2010 9:00am May 3, 2010 9:00am
Quoting yorygog
Give me a break. Charts do not predict the future they only tell us what has allready happened. I use charts, they are very helpful, but they do not predict the future they only give us a good indication of the probabilities of what might happen next,

This might be a extreme example, but how many charts predicted 911?

I realize that many of you out there were only kids when that happened but that political/religous event made every single chart worthless.
Sure, you can always find exceptions....but technical trading is the rule. This game is about endurance. You're not going to win every trade. And not every trade you win will be a home run. Serious trading is boring. Alot of waiting. Discipline in sticking to the plan. Sitting on you ignorant alter ego when it comes to stupidity regarding risk and greed. Sometimes your plan will tell you to get out with profit...and then you'll watch the market run futher in your favor after your exit. So what? You could have made more...but what happens most of the time? Why harp over the exception rather than what happens more often than not? Consistency is the path to being successful - not the extraordinary. Try to account for all possible scenarios (such as foreseeing 911), and you'll go mad. The 80/20 rule applies to trading even moreso than to other professions. Good luck.
  • #234,854
  • May 3, 2010 9:01am May 3, 2010 9:01am
Quoting acidburn123
pure speculation on the economic events?

thats food for the MM.
Yes i don't really care about eco events on monday especially...if it was NFP i won't be there for sure...


And yes the key is the MM...always a RR ratio of 1:3 minimum....usually between 1:3 & 1:5
COT: The precious data ignored
  • #234,855
  • May 3, 2010 9:04am May 3, 2010 9:04am
Quoting yorygog
I am allready there.

Going for 93.85.

not shorting but closed the long
Andreyou
  • #234,856
  • May 3, 2010 9:05am May 3, 2010 9:05am
Quoting malcolmb14
I trade $100 per pip

Daily suggests an inverted head and shoulders. If this forms and plays out 1.3670 is target

Today i am on the ES ( s and p emini) due to stopping volume I saw on Fridays drop I have been long 1185 with target 1195 to 1200 ( about 150 pip)

Current stop is +4 and trade working out
.

Wow, that huge. Mine is only $1.
Great Bodies are Engineered not Born
  • #234,857
  • May 3, 2010 9:05am May 3, 2010 9:05am
Quoting kuroro001
Yes i don't really care about eco events on monday especially...if it was NFP i won't be there for sure...


And yes the key is the MM...always a RR ratio of 1:3 minimum....usually between 1:3 & 1:5

bulls trying to regain control ....
  • #234,858
  • May 3, 2010 9:06am May 3, 2010 9:06am
shorted at 27. will close if triangle breaks to the upside and look to short along higher up
  • #234,859
  • May 3, 2010 9:06am May 3, 2010 9:06am
Quoting kuroro001
Yes i don't really care about eco events on monday especially...if it was NFP i won't be there for sure...


And yes the key is the MM...always a RR ratio of 1:3 minimum....usually between 1:3 & 1:5
Risk/Reward ratio of 1:1 is good, 1:3 is rare and 1:5 is extremely rare. Sounds like you're looking for some homeruns.
  • #234,860
  • May 3, 2010 9:07am May 3, 2010 9:07am
from the greek newspaper kathimerini
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Andreyou
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