Dislikedfibo is not a line, fibo is based on calculations
i think im gonna stop posting on this thread... lots of newbies who want to give lecturesIgnored
- #16,262
- Jun 5, 2010 10:09am Jun 5, 2010 10:09am
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
- #16,264
- Jun 5, 2010 2:25pm Jun 5, 2010 2:25pm
- | Joined Aug 2008 | Status: great minds discuss ideas | 118 Posts
We are drawing TO trade. I hate misinformation like this. Chart patterns happen for a reason. Maybe you aren't good enough at drawing or recognizing them therefore you dismiss them. They are a distinct pattern of buying and selling. Just because they don't work for you, doesn't mean they don't work. Some of us have made entire careers and good livings out of trading them. Be open to ideas in everything. Your life will be better for it.
- #16,266
- Jun 5, 2010 7:54pm Jun 5, 2010 7:54pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
- #16,267
- Jun 6, 2010 12:07am Jun 6, 2010 12:07am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
no i am not gonna tell you how i trade
i told u really alot already.. i took me 8 years to develop this now its ur turn to develop what i told u...
its all probability but a 70% signal is better than a 10% signal and reward ratio RR 2 is better than RR 1 so combine good signals with good RR you get a good winning percentage with a good RR...
i told u really alot already..
- #16,268
- Jun 6, 2010 12:49am Jun 6, 2010 12:49am
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
to tell you the truth i developed a very mind challenging strategy that needs alot of patience, dedication, confidence and courage
i learned in 8 years by myself and grabbed some tips from here and there... i win and lose but the total is good. u have to be logical and use:
1- Fibonacci to identify the trends and targets
2- market sentiment to know is it bull or bear on all time frames
3- price action to know when to jump in
4- volume to know if its fake signal or not
5- divergence to avoid possible reversal
When life gives you lemons, make lemonade
- #16,269
- Jun 6, 2010 12:49am Jun 6, 2010 12:49am
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
When life gives you lemons, make lemonade
i got this news from bloomberg : "Weaker Yen
The Nikkei 225 Stock Average has risen 3.1 percent since Hatoyama said on June 2 that he will step down. The gauge fell 0.1 percent June 4 after gaining as much as 0.5 percent.
Kan said on Jan. 7, his first day as finance minister, that he wanted the yen to fall “a bit more” and pledged to monitor its level. His predecessor Hirohisa Fujii said after his appointment as finance minister in September that he did not support a weak yen. The currency reached a 14-year high versus the dollar on Nov. 27 last year and has since fallen 8 percent.
“Kan is supporting a weaker yen so I think he is quite good for investors,” Kamiyama said. “His view is very different from Fujii.”
Kamiyama recommends investors buy export-related stocks such as automakers and manufacturers of consumer electronics on optimism Japan’s currency will weaken.
A depreciation in the yen raises the value of overseas revenue when repatriated, which would boost earnings growth of export dependent companies.
“You’ve got a growth strategy, and with growth you’ve got a growth of earnings which is positive for equities,” said JPMorgan’s Koll on June 4. “With Kan, you have someone who has used his time as finance minister to get up to speed on economic and finance policy. He is a man that’s a pragmatist.” "
this news make me decide to add more long... happy trading everyone.
The Nikkei 225 Stock Average has risen 3.1 percent since Hatoyama said on June 2 that he will step down. The gauge fell 0.1 percent June 4 after gaining as much as 0.5 percent.
Kan said on Jan. 7, his first day as finance minister, that he wanted the yen to fall “a bit more” and pledged to monitor its level. His predecessor Hirohisa Fujii said after his appointment as finance minister in September that he did not support a weak yen. The currency reached a 14-year high versus the dollar on Nov. 27 last year and has since fallen 8 percent.
“Kan is supporting a weaker yen so I think he is quite good for investors,” Kamiyama said. “His view is very different from Fujii.”
Kamiyama recommends investors buy export-related stocks such as automakers and manufacturers of consumer electronics on optimism Japan’s currency will weaken.
A depreciation in the yen raises the value of overseas revenue when repatriated, which would boost earnings growth of export dependent companies.
“You’ve got a growth strategy, and with growth you’ve got a growth of earnings which is positive for equities,” said JPMorgan’s Koll on June 4. “With Kan, you have someone who has used his time as finance minister to get up to speed on economic and finance policy. He is a man that’s a pragmatist.” "
this news make me decide to add more long...
happy trading everyone.
- #16,271
- Jun 6, 2010 7:24pm Jun 6, 2010 7:24pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
- #16,272
- Jun 6, 2010 11:33pm Jun 6, 2010 11:33pm
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
A little beginner trader since 2006
- #16,273
- Jun 6, 2010 11:40pm Jun 6, 2010 11:40pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
closed my USDJPY shorts for -173 and -143
total for the month +996
total for the month +996
When life gives you lemons, make lemonade
- #16,274
- Jun 6, 2010 11:43pm Jun 6, 2010 11:43pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,374 Posts
When life gives you lemons, make lemonade
- #16,275
- Jun 6, 2010 11:50pm Jun 6, 2010 11:50pm
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
A little beginner trader since 2006
- #16,278
- Jun 7, 2010 12:02am Jun 7, 2010 12:02am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
A little beginner trader since 2006
- #16,279
- Jun 7, 2010 12:12am Jun 7, 2010 12:12am
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts