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  • #269,521
  • Jul 9, 2010 1:01pm Jul 9, 2010 1:01pm
Have a good weekend all. I'll be around as usual to BS. This turned out to be a great trading week profit wise for my account and hopefully I've got a couple decent long term entries now.

Later,

Donnie
  • #269,522
  • Jul 9, 2010 1:04pm Jul 9, 2010 1:04pm
Quoting uraceulose
Have a good weekend all. I'll be around as usual to BS. This turned out to be a great trading week profit wise for my account and hopefully I've got a couple decent long term entries now.

Later,

Donnie
Later Donnie, we'll see you next week my friend!
  • #269,523
  • Jul 9, 2010 1:07pm Jul 9, 2010 1:07pm
Hahahahaha....i have a 12 pips spread with my broker now. Can you believe that?
  • #269,524
  • Jul 9, 2010 1:08pm Jul 9, 2010 1:08pm
Quoting netrader06
Did anyone happen to see my ten year trend line anywhere?
What a f in joke.
sometime the jokes not on the wall. sometimes its in your hand.
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those who can, do. those who cant, talk about those who can
  • #269,525
  • Jul 9, 2010 1:26pm Jul 9, 2010 1:26pm
we did free fall past #1 and #2.. but we did come back and respect both. so this little bear is live and well. They were fighting powerful idis like macd and put up a good fight. but this means nothing. our 800 pip bull ended at 2711.2 (yellow chart). but a bounce after slip is always expected. so we will probably go back for a second shot. maybe more then twice. its up to the tl and the 3400 pip bear that is still live and well. this bounce was not big enough to weaken the 800 pip bull much. if this is clear to you, your not getting it. anyway i closed mine all but some long term ones because of earnings and stress test. i will trade with the lower trend direction until broken near tl.. IF we get back..
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those who can, do. those who cant, talk about those who can
  • #269,526
  • Jul 9, 2010 1:50pm Jul 9, 2010 1:50pm
big bear. from 1.6... he had 2746 as a possible top. as said 50% #s are a bitch. we move through them many times before resumption. more baby bear targets can be added to the others in sequence (w/o new high). 24665 and 22425
good luck.. all depends on the bs stress test.
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those who can, do. those who cant, talk about those who can
  • #269,527
  • Jul 9, 2010 2:07pm Jul 9, 2010 2:07pm
Quoting uraceulose
it's okay G.
very good.

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and if you guys are bored and got an extra 3 minutes...listen to this lol.

http://www.youtube.com/watch?v=FL7yD...layer_embedded
  • #269,528
  • Jul 9, 2010 2:07pm Jul 9, 2010 2:07pm
Anyone trade stocks on nasdaq afterhours?
  • #269,529
  • Jul 9, 2010 2:28pm Jul 9, 2010 2:28pm
Here we see the 89 SMA in between the main UTL and another supplementary trendline. You se the break and the test. We could ultimately bounce off the 89 or eventually get a bounce off the major UTL. I am short for now near term.

Jim
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  • #269,530
  • Jul 9, 2010 4:05pm Jul 9, 2010 4:05pm
holding 1 short in the weekend now. short from 1.2646, aiming for 1.26/1.2580. great weekend everyone, see you sunday after the wk finals (Go Holland!)
  • #269,531
  • Jul 9, 2010 5:27pm Jul 9, 2010 5:27pm
That's a very useful timezone clock FireFox addon. Thanks GulfCoastPip.
Quoting GulfCoastPip
Not sure how many of you use Firefox or use this extension, (FoxClocks) but I just downloaded it last night. I find it pretty cool and useful, also takes up no room since it resides in the status bar of your browser.

https://addons.mozilla.org/en-US/firefox/addon/1117/
  • #269,532
  • Jul 9, 2010 6:15pm Jul 9, 2010 6:15pm
Quoting ak4x
NOT directed at your personally ripcord, but talking about the gap being useless is also Useless since everyone here talks about it anyway and my post here is Even More Useless as it won't change a Damn Thing.

I like Sun's idea... lets talk about the Monthly gap a month early. At least if everyone did that, no one would be talking about this stupid weekend gap.

Anyone trading Live accounts should already be smart enough to know what the risks are w/o everyone coming in and repeating the same stupid gap talk for the 10,000th time like...
I still prefer my gap.

http://cdn.forexfactory.com/attachme...1&d=1258343151
Not all sins are created equal
  • #269,533
  • Jul 9, 2010 6:21pm Jul 9, 2010 6:21pm
Quoting ak4x
Attachment

OK... so far I have a HOD of 2722 with a'rd 4hrs to go in the Week and I hope everyone caught that Turn on the 15m chart. That was a classic technical stall... Gotta love those hard runups to a preplotted R level with the hard bounces following

((CLUE --> and worth dissecting in hindsight on lower TF's for the noobs,, you'll see this sort of thing again whenever the Breezes start to change ))

As i was asleep, my single long hit the trailer instead of the TP as it appears I was...



It feels real good to be back on my feet and visit FF again and today I will like to share/expand on my thought regarding this post by AK when he used the term CLASSIC TECHNICAL STALL. I have always advocated in the past that in order to be a successful and profitable forex trader, one must not only know and recognise the characteristics/signs of stalling signal for both topping and basing, one MUST also have a method in order to trade those condition, AND this is only a small step forward besides other prerequisites in order to make it in this very seemingly easy and complex business of forex.

Namely can your Charting Package/Trading System tells you:-

1.The stalling signal as mentioned above
2.Pullback level(not to be confuse with retracement)
3.Current(intraday) and Prevailing(both short and middle term) Market Conditions or Trend.
4.Retracement and Trend change price levels and trigger point.
5.Method for entry/tp/sl management for the various and ever changing dynamic market conditions.

Its is imperative that one must have all these in place before he goes on live trade so that one can track and follow the market movements and price actions by using all those navigational aids listed above. Never try to predict/forecast the price levels EVEN if you know how to project the depth of any upside/downside thrusts using the often misunderstood Mom and Fibo. Ask yourself how many market conditions can you rightly recognized and have/know of a effective method how to trade those conditions. I personally know of 16(sixteen) different market conditions.

One of the best Post is by a trader here in FF named Mr. Topher in his opening post. If you can grasped what he said then I can guarantee you that your focus of Money Management will be change/switch from Risks Management to Profit Maximisation.(The AHA moment)

Good luck and good health and have a happy weekend all............

I will try to post again if need be and also if I am up to it.. Cheers
  • #269,534
  • Jul 9, 2010 6:50pm Jul 9, 2010 6:50pm
Here is a pic I saved from weeks ago, to remind, of a stall or hesitation in the Nymex E-Mini Crude market 89 tick chart @ around 10:20am :
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  • #269,535
  • Jul 9, 2010 6:51pm Jul 9, 2010 6:51pm
Quoting ak4x

And if they're not smart enough, then Mr Market will teach them about holding Open trades in volatile times better than any forum posts will. Bet on it...
Crikey.....

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I agree, 'pay no attention to the man behind the curtain'.. and he will eat your lunch. Good speech on the GAP by the way..
  • #269,536
  • Jul 9, 2010 7:39pm Jul 9, 2010 7:39pm
Haven't been on in a week and looks like everyone is still putting bullets in this zombie uptrend- where have all the bulls gone?

I'm no long term bull and will begrudgingly short when my 15 min chicken bones say to but after this June 7th run up (best since the Dec '09 crash) I'm really favoring the long side when the bones present it.

WWJR do? (what would Jim Rogers do?) bet he is still long from the June 7 lows.. where we came w/in 300 pips of the Euro launch value..
  • #269,537
  • Jul 9, 2010 10:51pm Jul 9, 2010 10:51pm
Quoting 99vt66
It feels real good to be back on my feet and visit FF again and today I will like to share/expand on my thought regarding this post by AK when he used the term CLASSIC TECHNICAL STALL. I have always advocated in the past that in order to be a successful and profitable forex trader, one must not only know and recognise the characteristics/signs of stalling signal for both topping and basing, one MUST also have a method in order to trade those condition, AND this is only a small step forward besides other prerequisites in order to make it in this...
Nice post 99vt66, you write all in a few words.can you please explain each item of the 5 that the charting system should tell? each by each so traders can grasp by this holidays . may be a big chapter to finish but as I feel understanding the chart is more important than any technique.
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #269,538
  • Jul 9, 2010 11:25pm Jul 9, 2010 11:25pm
According to my charts, we should at least see 1,24 but I am not to sure if the lower trendline is strong enough to hold. otherwise 1,215 would be next stop (maybe after the results of the stress tests have been announced)
[IMG]file:///C:/DOKUME%7E1/Jonas/LOKALE%7E1/Temp/moz-screenshot-1.jpg[/IMG]
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  • #269,539
  • Jul 10, 2010 1:06am Jul 10, 2010 1:06am
Quoting fontu
Nice post 99vt66, you write all in a few words.can you please explain each item of the 5 that the charting system should tell? each by each so traders can grasp by this holidays . may be a big chapter to finish but as I feel understanding the chart is more important than any technique.
thanks ,
fontu
Fontu, you may be asking the wrong question becos the answer will not help you in anyway to be a better trader. Those points are a must haves in your chart in all time frames or else you are trading blind and your trading accounts will be like a EW (50 counts) at best. I am not telling my system and I make no apology about it. I am merely sharing those points needed in order to succeed but those interested will have to build up their own chart.

The most critical key point is knowing all the current and prevailing Market Conditions becos all the intraday, s/m/l term MOM and Fibo levels are based on those conditions in order to accurately plot and give you a precise readings to manage you entry/tp/sl levels. Different assets class/currency pairs have their own unique dynamics and depth in their movement both in the Indicators effectiveness and settings. Thats the reason why a trader cannot successfully trade two different asset class/currency pairs using the same indicators and standard settings.

If it all sounds a bit confusing to you is due to becos I am a trader but a lousy teacher whose weakness is the difficulty in articulating/expressing those trading points into simple words. I always got myself in unnecessary trouble due to this weakness of mine. Sorry for that..........

Hope it helps , if not now but one day when you are ready, you will surely and easily understand my points. Cheers.............
  • #269,540
  • Jul 10, 2010 1:58am Jul 10, 2010 1:58am
Quoting 99vt66
Fontu, you may be asking the wrong question becos the answer will not help you in anyway to be a better trader. Those points are a must haves in your chart in all time frames or else you are trading blind and your trading accounts will be like a EW (50 counts) at best. I am not telling my system and I make no apology about it. I am merely sharing those points needed in order to succeed but those interested will have to build up their own chart.

The most critical key point is knowing all the current and prevailing Market Conditions becos all the...
Thanks for the information . I do not read a book A-Z or have the time to do so or not follow taking ideas blindly . Only do and can think what i know & within my limitation only.so try learning from other's style /experience if they can turn into works .

Hope you also not follow those wise words,everybody might have know & read in every book , rather earned something by experience & by nature and very likely can be hallucination , delusion or simple intuition person specific those can't be transformed into real words or technical /how can do .

yes ,all things can't be learnt should acquire . Its ok . wish best trading for you & hope one day try to be like yours.


Thanks again,

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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