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  • #304,041
  • Oct 11, 2010 5:13am Oct 11, 2010 5:13am
Quoting infinitus
I have updated the counts.

The alternative count with the triangel gets more and more likely, and my main count ugly. But see pictures on my blog.......
"Sometimes I think that this place is a huge count. The prisoners count the hours, the bulls count the prisoners and the king bulls count the counts. " Escape from Alcatraz, 1979
Look Sharp/Trade Tight
  • #304,042
  • Oct 11, 2010 5:13am Oct 11, 2010 5:13am
Quoting Lorna
That's better than IG, they seem to have increased some of their spreads since I missed last week. How reliable are Oanda?

Couldn't be more happy... Even if they price shoots through your sl they normally give you the market price set as a limit price... even with 15-20 lots...
  • #304,043
  • Oct 11, 2010 5:14am Oct 11, 2010 5:14am
Is Gator still up?
  • #304,044
  • Oct 11, 2010 5:14am Oct 11, 2010 5:14am
Quoting redsword11
Attachment
Thanks for TA pic.

question: how are you calculating possible range?

Thanks
  • #304,045
  • Oct 11, 2010 5:16am Oct 11, 2010 5:16am
Quoting Mr Hatch
nope, just one trade closed with sl at be+ some. everything was fine.
tell support they shall refund this, they will. they did in the past for me and uraceulose i think.

39356 is one hell of a b***, but such is 39508.
Are you scalping in this slow market Mr Hatch....hmmm on which time frame there
  • #304,046
  • Oct 11, 2010 5:16am Oct 11, 2010 5:16am
Quoting puma1
Thanks for TA pic.

question: how are you calculating possible range?

Thanks


parallel trendlines, nothing definate about it, need to wait for prices to reach the trendlines for PA to identify if indeed its a valid range
  • #304,047
  • Oct 11, 2010 5:18am Oct 11, 2010 5:18am
Quoting Pipwanderer
Are you scalping in this slow market Mr Hatch....hmmm on which time frame there
m1... lot-size 100 units
  • #304,048
  • Oct 11, 2010 5:21am Oct 11, 2010 5:21am
Quoting Larseg
Couldn't be more happy... Even if they price shoots through your sl they normally give you the market price set as a limit price... even with 15-20 lots...
Ok cool. I've had a few issues where my platform mysteriously logged itself off at the moment I pressed the button to either take off a trade of move the sl. Most times I followed up with a phone call to IG but was fobbed off with 'nobody else reported any problems'. Ok it could be me, but it just seems to happen too often ...
  • #304,049
  • Oct 11, 2010 5:23am Oct 11, 2010 5:23am
Quoting Hissst
Is Gator still up?
Not seen him for a while (few hours), maybe gone to bed Zzzzzz. I'm going to risk this slow upward move and go for a shower lol
  • #304,050
  • Oct 11, 2010 5:23am Oct 11, 2010 5:23am
What a boring day
Don't just be a sheep : make your own idea of it.
  • #304,051
  • Oct 11, 2010 5:24am Oct 11, 2010 5:24am
Quoting Lorna
Ok cool. I've had a few issues where my platform mysteriously logged itself off at the moment I pressed the button to either take off a trade of move the sl. Most times I followed up with a phone call to IG but was fobbed off with 'nobody else reported any problems'. Ok it could be me, but it just seems to happen too often ...
IG's advertisement is very nice...lol...only advertisement.
  • #304,052
  • Oct 11, 2010 5:28am Oct 11, 2010 5:28am
Quoting Mr Hatch
m1... lot-size 100 units
Are you just looking for 2 pip at most? I tried scalping and it seems really irrelevant
  • #304,053
  • Oct 11, 2010 5:29am Oct 11, 2010 5:29am
Could a bear flag be forming on the smaler 15-30 min timeframe ?
  • #304,054
  • Oct 11, 2010 5:30am Oct 11, 2010 5:30am
redsword,those black and red trend lines drawn manually or is there an indicator to it?
  • #304,055
  • Oct 11, 2010 5:31am Oct 11, 2010 5:31am
Quoting DMA Trader
novice traders bought into supply zone last night and on gaps.

didn't feel confident to take a short position because of the light volume. (i mean the whole holiday whipsaw thing)

anyway according to theory they are still eating from 1.4 supply zone if we run at that point again.

Once you see the setup and see it play out enough times, it will give you confidence to trade it. Forex trading is a game of confidence and the self belief in your own ability. Hesitation and not following through with your trade plan is the dearth of successful trading.


The more times we visit a zone, the more gets eaten, akin to chopping down a tree, but I will still lean on a level until it breaks. Entry into zones are also important as discussed in the odds enhancers PDF, courtesy of PorkPie, on the supply and demand thread.

My weekly curve analysis shows that we are quite high up on the curve with a weekly demand zone around 1.45. This also has a nice trendline confluence and if the Fed do decide on QE2, then this will be my long target.

Remember we are still in a strong uptrend, so one has to be aggressive with the profit taking on any shorts. I always keep one runner going and will let the market take the original SL as I will already have profited from the position, but if the market decides that this is the turning point, then I will be in the new trend right from the top (or bottom). This is what swing trading is all about.

I also recommend that you read 'The Desciplined Trader' by Mark Douglas.

I wish you success with your trading.... back to work. This PA is not even worth scalping!
  • #304,056
  • Oct 11, 2010 5:32am Oct 11, 2010 5:32am
Quoting Sunsi
Could a bear flag be forming on the smaler 15-30 min timeframe ?
Looks to me a consolidation. forecasting a sideways action all day to london close
  • #304,057
  • Oct 11, 2010 5:35am Oct 11, 2010 5:35am
I don't see why all the USD weakness. Everything looks very healthy so far. Here is the channel I traded since early September and still holding well.

http://img692.imageshack.us/img692/3267/chartw.gif

Uploaded with ImageShack.us
  • #304,058
  • Oct 11, 2010 5:38am Oct 11, 2010 5:38am
Quoting Larseg
Here's Oanda spread just now
nice
  • #304,059
  • Oct 11, 2010 5:40am Oct 11, 2010 5:40am
Quoting bbakker

Once you see the setup and see it play out enough times, it will give you confidence to trade it. Forex trading is a game of confidence and the self belief in your own ability. Hesitation and not following through with your trade plan is the dearth of successful trading.


The more times we visit a zone, the more gets eaten, akin to chopping down a tree, but I will still lean on a level until it breaks. Entry into zones are also important as discussed in the odds enhancers PDF, courtesy of PorkPie, on the supply and demand thread....
Thanks man for feedback. I've read that, one of my favorite books.

Anyway like somebody ask him doing a webinar shorting an uptrend. I like the the way He explained the thing with trends. yet based on my trading style trend has a lot of importance so for now I'm thinking about taking profits as I see supply zone rather than going short. And going long as I see demand zones. But that's just me.

I know it will catch me long at the top. it Always does. but I've come to the conclusion that that's my drawdown and going over longer periods it works.
I will get more into this. It's really something that was missing.

Thanks again.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #304,060
  • Oct 11, 2010 5:41am Oct 11, 2010 5:41am
Quoting Mr Hatch
m1... lot-size 100 units
it stopped at the pivot between 39508 and 39356, leaning towards the bearish side, possibly retesting dpp soon.
but there is low to no vol, so i'm going to take a nap.

see you tonight in asia.
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