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  • #268,341
  • Jul 7, 2010 9:51am Jul 7, 2010 9:51am
Quoting black mamba
Your da man! But I'm staying out atm.


All the big boys are scaring everybody away. If they don't cut this BS they aren't going to have anybody to steal from.
  • #268,342
  • Jul 7, 2010 9:55am Jul 7, 2010 9:55am
Quoting Awesome
All the big boys are scaring everybody away. If they don't cut this BS they aren't going to have anybody to steal from.
Ok, now I'm sure it's because of rate announcement tomorrow, bullish bias, I don't know why (gbp and euro won't raise rates, I'm sure) but it is the way it is. Correction is comming soon, but it will take at least one hour to correct, painful i think.
Made some buck today overall,

sorry folks for that crappy shit again today,

Jack
  • #268,343
  • Jul 7, 2010 9:55am Jul 7, 2010 9:55am
this long has legs. 2745 is my number
  • #268,344
  • Jul 7, 2010 9:59am Jul 7, 2010 9:59am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting manojsai
if you want to work the forex machine,play on what the market throws at you....and not otherwise.

flow with the wind and the waves
it is dead fishes that flow with the stream.
Hehe, dead fishes... hehe free-easy-meal
Being right is one, taking it from the table is two.
  • #268,345
  • Jul 7, 2010 10:00am Jul 7, 2010 10:00am
Quoting JackintheBox
Ok, now I'm sure it's because of rate announcement tomorrow, bullish bias, I don't know why (gbp and euro won't raise rates, I'm sure) but it is the way it is. Correction is comming soon, but it will take at least one hour to correct, painful i think.
Made some buck today overall,

sorry folks for that crappy shit again today,

Jack

By the time this gets posted (becuase I am a newbie) it maybe to late, but I am seeing RSI above 70 (some as high as 90) and we are nearing the 1.2657 R1. Good time for short?
  • #268,346
  • Jul 7, 2010 10:03am Jul 7, 2010 10:03am
Quoting Awesome
All the big boys are scaring everybody away. If they don't cut this BS they aren't going to have anybody to steal from.
Even the big boys can be bitten by spider venom
  • #268,347
  • Jul 7, 2010 10:04am Jul 7, 2010 10:04am
Quoting JackintheBox
Ok, now I'm sure it's because of rate announcement tomorrow, bullish bias, I don't know why (gbp and euro won't raise rates, I'm sure) but it is the way it is. Correction is comming soon, but it will take at least one hour to correct, painful i think.
Made some buck today overall,

sorry folks for that crappy shit again today,

Jack

I'm just as frustrated as you man. Been difficult trading these last few weeks with the markets acting so illogically.
  • #268,348
  • Jul 7, 2010 10:08am Jul 7, 2010 10:08am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting T@rantula
Even the big boys can be bitten by spider venom
Just learn to play/swim with them.
Being right is one, taking it from the table is two.
  • #268,349
  • Jul 7, 2010 10:08am Jul 7, 2010 10:08am
Quoting Awesome
I'm just as frustrated as you man. Been difficult trading these last few weeks with the markets acting so illogically.
Not being able to make sense of it doesn't mean it is illogical.
  • #268,350
  • Jul 7, 2010 10:13am Jul 7, 2010 10:13am
Quoting Awesome
I'm just as frustrated as you man. Been difficult trading these last few weeks with the markets acting so illogically.

Awesome, It is good to hear you say that. I have been trading live for about 1 month and was beginning to not believe in myself. Apparently, this was the wrong time frame to start trading live.
  • #268,351
  • Jul 7, 2010 10:16am Jul 7, 2010 10:16am
Short from 2627 with 3 lots TP: 2580
  • #268,352
  • Jul 7, 2010 10:16am Jul 7, 2010 10:16am
Quoting Anis
why bother..? how do u know..? take it or leave it..
I am leaving it. You got problem with that ???
  • #268,353
  • Jul 7, 2010 10:17am Jul 7, 2010 10:17am
Quoting Mr J
Not being able to make sense of it doesn't mean it is illogical.

It's illogical from my point of view. I'm sure it makes perfect sense behind closed doors. I can only trade what I see though.
  • #268,354
  • Jul 7, 2010 10:25am Jul 7, 2010 10:25am
Quoting DudeSepii
I am leaving it. You got problem with that ???
good..nope..
I'm learning to trust my own charts..
  • #268,355
  • Jul 7, 2010 10:26am Jul 7, 2010 10:26am
Quoting ak4x
you guys should get a room...
haha..it's nothing personal..
I'm learning to trust my own charts..
  • #268,356
  • Jul 7, 2010 10:26am Jul 7, 2010 10:26am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting ak4x
you guys should get a room...
Yeah. And I know exactly what type of room .
Being right is one, taking it from the table is two.
  • #268,357
  • Jul 7, 2010 10:27am Jul 7, 2010 10:27am
Quoting TraderFitz
Awesome, It is good to hear you say that. I have been trading live for about 1 month and was beginning to not believe in myself. Apparently, this was the wrong time frame to start trading live.
what tf you trading? If you're still in learning mode, go ahead and drop to at least a 1HR/4HR. Seriously, this will save you so much head ache and stress to just let the bar close and THEN take your trade. When trading 5M/15M candle's you literally have to react 12 and 4 times faster than when trading 1 HR's/4HR
s....this applies to your entry and exit. You can get caught up with +2 or +10 pips so quick you have to know whether to close, BE, close half...etc. This can't really be taught either is the thing people learn..it just comes with experience and studying higher TF price action.(this just means staring at a chart and drawing lines,using VSA..etc) This is the best way I can put it, you will find yourself having great difficulty getting even close to the top when you sell or bottom when you buy on a consistent basis unless you've learned what's going on on the higher tf's FIRST. There is just so much more information in each candle that you can use rather than trying to take info from 20 different places, put it all together and make a decision quick. Instead you get 20 times as long to react to the info and there is 20 more times as much there to study.
  • #268,358
  • Jul 7, 2010 10:29am Jul 7, 2010 10:29am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Orbital
Short from 2627 with 3 lots TP: 2580
Am still on the sidelines with EUR/USD short.
S&P and DJ making new weekly highs... .
Being right is one, taking it from the table is two.
  • #268,359
  • Jul 7, 2010 10:29am Jul 7, 2010 10:29am
Quoting Orbital
Short from 2627 with 3 lots TP: 2580
good call

whats your strat?
  • #268,360
  • Jul 7, 2010 10:31am Jul 7, 2010 10:31am
Quoting uraceulose
what tf you trading?...
Outstanding advice! Thank you. I was making it way to difficult on myself. I was taking from M5 - H4 into account and it was making my head spin. I will just look at the H4/H1 TFs. Once again thank you.
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