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EURUSD

  • #293,121
  • Sep 16, 2010 8:52pm Sep 16, 2010 8:52pm
Holding longs 3062. SL 3049. target 3120. second target 3252.
if SL is taken shorts only below 3020.
  • #293,122
  • Sep 16, 2010 8:54pm Sep 16, 2010 8:54pm
Quoting enterfx
LOL. 61 held. Looks like bull want their share now.
with a new high 61 may change to another #.. what came first the dpp or the center of mofu. in this case it was mofu. sometimes they are the same #.. in this case dpp is the lower mofu edge. so if we get a new high it may be close to 31188 and 61 may still remain. but if dpp becomes center of mofu its only 5.5 pips from 61.. so add half this to current high and it may be the new top.
2.25 + 31165= 3119... predictive is 31188... 2 tenths off.

i reserve the right to be full of shit
those who can, do. those who cant, talk about those who can
  • #293,123
  • Sep 16, 2010 8:59pm Sep 16, 2010 8:59pm
Quoting gatorinla
it wants to go down, but it hasn't completed the wave.. it has a compulsive disorder. it has to complete the task and will unless some big news disrupts it.
waves like to complete.
those who can, do. those who cant, talk about those who can
  • #293,124
  • Sep 16, 2010 9:04pm Sep 16, 2010 9:04pm
Quoting gatorinla
waves like to complete.
Hey what do you think of it crossing north of 3083. Significant?
  • #293,125
  • Sep 16, 2010 9:09pm Sep 16, 2010 9:09pm
Once again I am gonna attempt to predict the future using experimental quantum string theory trading technique. Euro will top out at 3215 in the next eight hours and then retrace the whole up move to 298x God help me.
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Founder of Sutherland Wave Principle
  • #293,126
  • Sep 16, 2010 9:09pm Sep 16, 2010 9:09pm
Quoting Gavin85
Hey what do you think of it crossing north of 3083. Significant?
nope..it wants to go to 31188..maybe + slippage.. 3087 is on the chart. ill start entering shorts here (31188 only and above).. but im un-orthodox...
those who can, do. those who cant, talk about those who can
  • #293,127
  • Sep 16, 2010 9:15pm Sep 16, 2010 9:15pm
Quoting kfx3001
Hi All,

I am a newbie to trading and despite forking out for a course and made some good trades i am back to losing again and cannot seem to find patterns to follow. Is there anyone ok to help me out on this Thread as to are we looking for breaks of support to sell or buy.... I hope someone can guide me out of this rut now
I actually generally speaking do the opposite of what consensuses is here. Case in point most of the last 30 pages or so are filled with people going short, so I have been long since 2757. I mean no disrespect to the posters here cause I have learned something from a lot of them but remember, they say 90% of traders fail so looking at that, this means 90% of the people here are wrong.
So does this work for me. Well, if I had better MM & a little less emotional, I would be doing better, but I finally see a path and am working towards it. Find something that works for you & stick with it. That's all I can really advise. You are going to have rough periods, but hopefully that's were MM will help you. Good Luck!!
  • #293,128
  • Sep 16, 2010 9:18pm Sep 16, 2010 9:18pm
Quoting gatorinla
with a new high 61 may change to another #.. what came first the dpp or the center of mofu. in this case it was mofu. sometimes they are the same #.. in this case dpp is the lower mofu edge. so if we get a new high it may be close to 31188 and 61 may still remain. but if dpp becomes center of mofu its only 5.5 pips from 61.. so add half this to current high and it may be the new top.
2.25 + 31165= 3119... predictive is 31188... 2 tenths off.

i reserve the right to be full of shit

As allways, Impressed with your numbers and math. Will be interesting to see..

My m15 EA just opened a buy @ 3081 TP 3125. It sets sl at BE after 30 pips and usually hit TP if it gets that far. Lets see.
  • #293,129
  • Sep 16, 2010 9:25pm Sep 16, 2010 9:25pm
Quoting rbock
I actually generally speaking do the opposite of what consensuses is here.
Excelent point just follow the ten percent who disagree with the 90% and your set. I'd like to point out I am still bull and I was loosing at the start of the week till I got on the long train. Make the masses believe something then bet against them. Bait and switch.
Founder of Sutherland Wave Principle
  • #293,130
  • Sep 16, 2010 9:26pm Sep 16, 2010 9:26pm
how much guys are you aiming/making in pips per week....??????
just wondering where I stand..... > >>>

I am generally happy with 100/week...
Buy low , Sell high
  • #293,131
  • Sep 16, 2010 9:28pm Sep 16, 2010 9:28pm
Quoting enterfx
As allways, Impressed with your numbers and math. Will be interesting to see..

My m15 EA just opened a buy @ 3081 TP 3125. It sets sl at BE after 30 pips and usually hit TP if it gets that far. Lets see.
90% of traders being wrong is a myth. improper mm is what makes most traders fail.. direction is 50/50.. the house takes his cut.. proper r.r and mm can make a guy less then 50% right in direction successful.. many professional gamblers make a good living on less then 55/45.. 5% win ratio as long as they have consistency.
those who can, do. those who cant, talk about those who can
  • #293,132
  • Sep 16, 2010 9:33pm Sep 16, 2010 9:33pm
Quoting gatorinla
90% of traders being wrong is a myth. improper mm is what makes most traders fail.. direction is 50/50.. the house takes his cut.. proper r.r and mm can make a guy less then 50% right in direction successful.. many professional gamblers make a good living on less then 55/45.. 5% win ratio as long as they have consistency.
Hi Gator,

how do you come up with the exact numbers? u use PP, Fib or what else? just wondering

Thanks in advance
  • #293,133
  • Sep 16, 2010 9:43pm Sep 16, 2010 9:43pm
Quoting TheFutureAce
Hi Gator,

how do you come up with the exact numbers? u use PP, Fib or what else? just wondering

Thanks in advance
observation.. trial and error. mostly error. still experimenting..
those who can, do. those who cant, talk about those who can
  • #293,134
  • Sep 16, 2010 9:44pm Sep 16, 2010 9:44pm
Quoting gatorinla
90% of traders being wrong is a myth. improper mm is what makes most traders fail.. direction is 50/50.. the house takes his cut.. proper r.r and mm can make a guy less then 50% right in direction successful.. many professional gamblers make a good living on less then 55/45.. 5% win ratio as long as they have consistency.

absolutely, plus fear and lack of discipline. Guess it destroyed many accounts as well.
  • #293,135
  • Sep 16, 2010 9:46pm Sep 16, 2010 9:46pm
Quoting gatorinla
observation.. trial and error. mostly error. still experimenting..
I agree...I am in forex 4 1 yrand I havent made money consistanly...the things i lack consistantly is the discipline...

I am getting better now...and also spending a lot of time watching the 5min chart... but i trade on 4hr charts
  • #293,136
  • Sep 16, 2010 9:50pm Sep 16, 2010 9:50pm
Quoting enterfx
absolutely, plus fear and lack of discipline. Guess it destroyed many accounts as well.
on the move to 3061 many indis turned bearish (near 3061)... some entered short near there. some still hold these in their scalps. but the draw down is already 30 pips..
those who can, do. those who cant, talk about those who can
  • #293,137
  • Sep 16, 2010 9:57pm Sep 16, 2010 9:57pm
Quoting ismail
how much guys are you aiming/making in pips per week....??????
just wondering where I stand..... > >>>

I am generally happy with 100/week...
I target about 500 pips a week but end up with 250-300 only ( approx. 6-7% )
  • #293,138
  • Sep 16, 2010 10:00pm Sep 16, 2010 10:00pm
Quoting gatorinla
90% of traders being wrong is a myth. improper mm is what makes most traders fail.. direction is 50/50.. the house takes his cut.. proper r.r and mm can make a guy less then 50% right in direction successful.. many professional gamblers make a good living on less then 55/45.. 5% win ratio as long as they have consistency.
Hi guys, Sorry for newB questions here but what is r.r and mm. Im pretty new in fx and trying very hard to learn all this things. Thanks.
  • #293,139
  • Sep 16, 2010 10:00pm Sep 16, 2010 10:00pm
Changing target and reversal point prediction to 3180 selling here, still possibiliy of 3215 My 4 hour chart says, but one hour chart says 3180. It's a technicality I have to work out in my system Think 3215 is the one after tweaking things. And I think it's gonna happen this hour.
Founder of Sutherland Wave Principle
  • #293,140
  • Sep 16, 2010 10:03pm Sep 16, 2010 10:03pm
Quoting suthmo
Changing target and reversal point prediction to 3180 selling here, still possibiliy of 3215 My 4 hour chart says, but one hour chart says 3180.
I'm seeing 1.3330 by the end of this week...may be on sunday
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