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  • #315,601
  • Oct 28, 2010 9:13am Oct 28, 2010 9:13am
3971/73 next target after 3920/22, never say never, I'm going for a smoke since I cant get a dip to buy, maybe after we test 20.....
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Look Sharp/Trade Tight
  • #315,602
  • Oct 28, 2010 9:15am Oct 28, 2010 9:15am
nap time.
  • #315,603
  • Oct 28, 2010 9:15am Oct 28, 2010 9:15am
Just met the 10 day sma, and major MML pivot confluence...
  • #315,604
  • Oct 28, 2010 9:16am Oct 28, 2010 9:16am
Quoting Venice
Guys... read goods post from earlier. Stop trying to pick tops and bottoms!

Trading with the trend will make you correct far more than that elusive actual top or bottom.

I will gladly take a loss on trend reversal, because if the trend reverses and I take one loss... chances are, I will have plenty of opportunity to go short...
That's definitely true, I find it less riskier to trade breakouts after consolidation periods. Generally price ranges will contract, (usually triangles), and based on higher TF factors (like trend lines and such). I wait for confirmations with candlesticks(usually dojis). I find this to be most common pattern in Forex. Correct me if I am wrong.

TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #315,605
  • Oct 28, 2010 9:19am Oct 28, 2010 9:19am
Quoting Mr Hatch
nap time.
sweet dreamz Hatch
  • #315,606
  • Oct 28, 2010 9:21am Oct 28, 2010 9:21am
Quoting TheLegace
That's definitely true, I find it less riskier to trade breakouts after consolidation periods. Generally price ranges will contract, (usually triangles), and based on higher TF factors (like trend lines and such). I wait for confirmations with candlesticks(usually dojis). I find this to be most common pattern in Forex. Correct me if I am wrong.

TheLegace.
In all honestly candlesticks do not mean much anymore (dont shoot me but its a rarity), you need to look for confirmation on those candlesticks, hh, hl or ll, lh. You need Confluence. Candlesticks alone will drain your account. Compare 2 completely different broker charts and you will find different candle formations.

I did awesome on demo I turned $3K to $10K in 2 weeks. WHen I went live and I am still live (I stopped bleeding because I make up for my losses) it was a whole different ballgame.

Do not read this forum expecting for the only one person to have the right answer to where price is going. That is the 2nd biggest mistake someone can have. If someone posts something that fits your trading style then extract the information to see if it lines up with what you see and trade your own style.
Know when to hold em, Know when to fold em!
  • #315,607
  • Oct 28, 2010 9:22am Oct 28, 2010 9:22am
Quoting Venice
Guys... read goods post from earlier. Stop trying to pick tops and bottoms!

Trading with the trend will make you correct far more than that elusive actual top or bottom.

I will gladly take a loss on trend reversal, because if the trend reverses and I take one loss... chances are, I will have plenty of opportunity to go short...
I respect your opinion but here is mine


trend is never a friend.
trading with it is trying to catch a move you lose more than you win.
its the way the big guys teach people to trade so that 95% of them lose .


my win ratio 90% -95% against the trend
my RR against trend is 1:4 - 1:5

yesterdays gains buying only was 120 pips gain !

today's 20 pips only because of the strong movement and missing one with 50 pips move.
and 30 is on the play now .

I could never ever achieve this graph if i was trading with the trend .

that's just me and my style of trading .
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I SEE YOU !!
  • #315,608
  • Oct 28, 2010 9:23am Oct 28, 2010 9:23am
Alright... I think that is enough cooling off of the shorty side... 320 let's go! We gave you two red bars on the 5m lol.
  • #315,609
  • Oct 28, 2010 9:23am Oct 28, 2010 9:23am
Quoting T@rantula
I took a long on m15 TF. 3864 still in play. But 3875 is a strong level yes. I aim for 3910 intraday.
touchdown.
  • #315,610
  • Oct 28, 2010 9:23am Oct 28, 2010 9:23am
ABCD completed from 3733.
possible retrace to 32.8 which is 3844
  • #315,611
  • Oct 28, 2010 9:25am Oct 28, 2010 9:25am
Quoting dbfusion
I respect your opinion but here is mine


trend is never a friend.
trading with it is trying to catch a move you lose more than you win.
its the way the big guys teach people to trade so that 95% of them lose .


my win ratio 90% -95% against the trend
my RR against trend is 1:4 - 1:5

yesterdays gains buying only was 120 pips gain !

today's 20 pips only because of the strong movement and missing one with 50 pips move.
and 30 is on the play now .

I could never ever achieve this graph if i was trading with the trend .

that's just me and my style...
Right on Fusion... then you have an excellent method for finding at least temporary or short term tops / bottoms like me :-)

Trading with the trend can be a great friend though. The idea is to catch the bottom (dip) of the current uptrend. If it's going up, buy low, if it's going down, sell high.
  • #315,612
  • Oct 28, 2010 9:25am Oct 28, 2010 9:25am
Quoting goods
In all honestly candlesticks do not mean much anymore (dont shoot me but its a rarity), you need to look for confirmation on those candlesticks, hh, hl or ll, lh....
If you're good in demo and not in real your only prob is the psycho thingy...have you ever seen a system that worked on demo and no in live ? i haven't lol
Work on it
COT: The precious data ignored
  • #315,613
  • Oct 28, 2010 9:25am Oct 28, 2010 9:25am
Quoting dbfusion
I respect your opinion but here is mine
trend is never a friend.
If u think like that i cannot say that you are a serious trader.
  • #315,614
  • Oct 28, 2010 9:27am Oct 28, 2010 9:27am
Quoting T@rantula
touchdown.
Nice trade...
  • #315,615
  • Oct 28, 2010 9:27am Oct 28, 2010 9:27am
Quoting FibbinArchie
Nice trade...
thanx
  • #315,616
  • Oct 28, 2010 9:29am Oct 28, 2010 9:29am
Looks like I may have to wait a little longer for that 320 smack.
  • #315,617
  • Oct 28, 2010 9:29am Oct 28, 2010 9:29am
Quoting kuroro001
If you're good in demo and not in real your only prob is the psycho thingy...have you ever seen a system that worked on demo and no in live ? i haven't lol
Work on it
Kuro my first live account I opened a $250 microlot, I turned this into $400 in 4 to 5 days. I said wow I am doing damn good, let me up my trade size, I blew that in 2 days because not enough to let the trade run against me.

My current account I will update you a year from now.
Know when to hold em, Know when to fold em!
  • #315,618
  • Oct 28, 2010 9:29am Oct 28, 2010 9:29am
ES going down hard
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #315,619
  • Oct 28, 2010 9:30am Oct 28, 2010 9:30am
3906/08 turning into resistance....
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Look Sharp/Trade Tight
  • #315,620
  • Oct 28, 2010 9:30am Oct 28, 2010 9:30am
it will be a big loss for me...

still short... and still worried...

hapipipin
dreams do come true.
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