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  • #236,801
  • May 5, 2010 1:02pm May 5, 2010 1:02pm
I wish I was wrong..it's going to take me weeks to manually trade out of this hole the EA made 20 pips so far doesn't even make a dent..
Dean




Quoting sasavisnic67
You are right doji has to come after big move for it to be reversal, and then you need other confirmetions like next candle, big volume etc. othervise is just indecision candle.
With my 1H candle all OK.

Sasa
  • #236,802
  • May 5, 2010 1:04pm May 5, 2010 1:04pm
Quoting Jhig
[GREEK BANK UNION PLANS STRIKE] for 24-hours starting on Thursday after 3e bank employees died in a fire today, set by protestors.
huh... it's getting crazy... real sad thing...
  • #236,803
  • May 5, 2010 1:09pm May 5, 2010 1:09pm
Quoting Atlast
Not a US hater, but the bigger they are the harder they fall. Simply the question is, is the current account deficit sustainable, and what will happen when US dollar loses it's reserve status.
same as when Germany w as in bad shape in early 20th century twice. its a cycle,,
those who can, do. those who cant, talk about those who can
  • #236,804
  • May 5, 2010 1:10pm May 5, 2010 1:10pm
Quoting mfoste1
are you familiar with jackos anti-hedge method? its brilliant.....
anti-hedge method? no... sadly. so you familiar with it?

he's gd. he's really gd i guess

i think he's my frd mentor.. aint sure

many methods work. just happy pipping guys, i hope i don't sound arrogant, just siding with what i believe.

but it would seem to me from what i realised and learnt, volatility, risks, hedge, waves, deviations are extremely important and some others which cant come to my mind now.
  • #236,805
  • May 5, 2010 1:11pm May 5, 2010 1:11pm
Quoting just fibbing
Done.

But looks like mini-bull still alive.
3 steps forward 2 steps back..is normal... but this 3 steps forward and less then 1 step back
those who can, do. those who cant, talk about those who can
  • #236,806
  • May 5, 2010 1:13pm May 5, 2010 1:13pm
I just leave both EU & EJ short and go to bed. Bye.
Face both Win and Lose bravely
  • #236,807
  • May 5, 2010 1:16pm May 5, 2010 1:16pm
Suddenly look the daily chart ,if bull can mange to close at the tl at 1.2861 , that unsuccessfull break of the tl & 200pips may easily bounce next day. so far ok for bear & perhaps going to happen that.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #236,808
  • May 5, 2010 1:16pm May 5, 2010 1:16pm
Quoting Atlast
You have the right idea about selling the USD, only your timing sucks. Sooner or later you will be laughing having bought Euro. Would you like to see a USDCHF chart?
he will be broke first.. i will short it with him at the right time.
those who can, do. those who cant, talk about those who can
  • #236,809
  • May 5, 2010 1:16pm May 5, 2010 1:16pm
Quoting gatorinla
3 steps forward 2 steps back..is normal... but this 3 steps forward and less then 1 step back
lol, no kidding man. What a couple of days huh? I hope my broker lets me withdrawal with no extra fees this time...jk.

I just keep building wedges and trading on the break...there was a GREAT short there at S1. I took two lots on that one and made some nice pips so far, closed one and letting the other run with a positive stop.

now when the heck is the u/j gonna go up? anyone?
  • #236,810
  • May 5, 2010 1:18pm May 5, 2010 1:18pm
FYI...
[IMG]file:///C:/Users/Eric/Desktop/euro.jpg[/IMG]
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  • #236,811
  • May 5, 2010 1:18pm May 5, 2010 1:18pm
Please share I am digging myself out of a deep hedge pip by pip..
dean




Quoting Clairvoyant
anti-hedge method? no... sadly. so you familiar with it?

he's gd. he's really gd i guess

i think he's my frd mentor.. aint sure

many methods work. just happy pipping guys, i hope i don't sound arrogant, just siding with what i believe.

but it would seem to me from what i realised and learnt, volatility, risks, hedge, waves, deviations are extremely important and some others which cant come to my mind now.
  • #236,812
  • May 5, 2010 1:21pm May 5, 2010 1:21pm
Quoting Clairvoyant
anti-hedge method? no... sadly. so you familiar with it?

he's gd. he's really gd i guess

i think he's my frd mentor.. aint sure

many methods work. just happy pipping guys, i hope i don't sound arrogant, just siding with what i believe.

but it would seem to me from what i realised and learnt, volatility, risks, hedge, waves, deviations are extremely important and some others which cant come to my mind now.

Yea on my bigger trades I always use it....its wonderful bc if you are trading with the current trend, and a stop gets hit, you will always recover the loss be reentering at a better price.
  • #236,813
  • May 5, 2010 1:21pm May 5, 2010 1:21pm
Quoting uraceulose
lol, no kidding man. What a couple of days huh? I hope my broker lets me withdrawal with no extra fees this time...jk.

I just keep building wedges and trading on the break...there was a GREAT short there at S1. I took two lots on that one and made some nice pips so far, closed one and letting the other run with a positive stop.

now when the heck is the u/j gonna go up? anyone?
might be soon i guess, i'm not sure if i wanna stay for the confirmation cox it's late over in my timezone...

honestly, i'm aint sure what yen wants to do yet. cox judging by my plan, it would seem that gj and uj met support both at the same time.

ain't sure if it might be a complete reverse back heading up.

but ideally, i would try adding small shorts when it head upwards.

guess it would be better to wait for the price tmr when i wake up...
  • #236,814
  • May 5, 2010 1:22pm May 5, 2010 1:22pm
Quoting dean walker
Please share I am digging myself out of a deep hedge pip by pip..
dean
when you find urself in a hole, stop digging.....close ur trade.
  • #236,815
  • May 5, 2010 1:24pm May 5, 2010 1:24pm
Quoting Clairvoyant
might be soon i guess, i'm not sure if i wanna stay for the confirmation cox it's late over in my timezone...

honestly, i'm aint sure what yen wants to do yet. cox judging by my plan, it would seem that gj and uj met support both at the same time.

ain't sure if it might be a complete reverse back heading up.

but ideally, i would try adding small shorts when it head upwards.

guess it would be better to wait for the price tmr when i wake up...
thx, yeah I don't follow E/J as much I probably should but after checking it out real quick on daily/4hr...I think that has something to do with it.
  • #236,816
  • May 5, 2010 1:25pm May 5, 2010 1:25pm
Quoting Clairvoyant
hedging is e king man, sorry my apologies but i really cant find a better approach to finetune my trading plan/s or technique/s once i realise how to properly hedge...

i would say its a combination of techniques/money management/orders management/hedging and waves. ehhh well i'm not talking fixed variables/rules techniques which can be proven statistically... its these floating variables that makes the trading non statistical/discretionally/subjective that comes along with enlightenment and experience.

no offense to any systematic trading, cox...
Yeah, perhaps I'll use it also @ one time in the future, but for now I cannot see the added value. Thx for this info anyway, I appreciate it.
  • #236,817
  • Edited 1:30pm May 5, 2010 1:25pm | Edited 1:30pm
Quoting dean walker
Please share I am digging myself out of a deep hedge pip by pip..
dean
I want you to realize something.

By hedging, you have "agreed" to only use a certain amount of your equity. Say you have 5K and then you are down 2K. You hedge.

Regardless of whether you Hedge or not, you ONLY have 3K worth of equity to use. YOUR OTHER MONEY IS UNAVAILABLE FOR TRADE. There is no difference between a hedge and a loss, except between your ears.

IF you hedge, you are stressing about where to release it, If you are wrong, you can lose more. If you let it go, you can just take a day, refocus, then make money.

Let it go. Start fresh. Look at Jacko's anti hedging rules.

Just my 2 Euros. Which will be worth 2 cents soon..
  • #236,818
  • May 5, 2010 1:26pm May 5, 2010 1:26pm
Quoting mfoste1
when you find urself in a hole, stop digging.....close ur trade.

good advice, don't hang on for these 2-300+ pip DD's
  • #236,819
  • May 5, 2010 1:26pm May 5, 2010 1:26pm
Quoting mfoste1
when you find urself in a hole, stop digging.....close ur trade.
when you find your self in a hole do a good job.. do a good job before climbing out. so you get invited again.
those who can, do. those who cant, talk about those who can
  • #236,820
  • May 5, 2010 1:26pm May 5, 2010 1:26pm
Quoting mfoste1
Yea on my bigger trades I always use it....its wonderful bc if you are trading with the current trend, and a stop gets hit, you will always recover the loss be reentering at a better price.
hmm, i think i sort of do it as well... but added with a hedge of cox it's a separate issue.
i dont know...

but i try to win back my losses and control my losses more.

if my stop gets hit, i aim to enter at a better price as well, tts if of cox i'm still expecting it to continue what i initially thought it would
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