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  • #321,001
  • Nov 8, 2010 6:36am Nov 8, 2010 6:36am
Quoting grashid
watch ur M15....good luck

chow

g
and 4h gonna be
Verily, in every difficulties there is relief
  • #321,002
  • Nov 8, 2010 6:38am Nov 8, 2010 6:38am
Quoting Carel82
Hi guys,
I am a beginning forex trader, and new to this forum (this is my first post).
Seems I can learn a lot from you regular posters (there are really a lot of smart traders here with incredible insights), and hopefully I am able to contribute to this forum in the future.
I am a systems trader, and will post my first trade here.
Currently long on EURUSD from 1.3900, SL 1.3890, Target for now 1.4000.

Regards,
Carel
Hi, would be nice if you can explain your reasons for this trade. Would help people to learn from you
Don't just be a sheep : make your own idea of it.
  • #321,003
  • Nov 8, 2010 6:41am Nov 8, 2010 6:41am
Quoting Carel82
Hi guys,
I am a beginning forex trader, and new to this forum (this is my first post).
Seems I can learn a lot from you regular posters (there are really a lot of smart traders here with incredible insights), and hopefully I am able to contribute to this forum in the future.
I am a systems trader, and will post my first trade here.
Currently long on EURUSD from 1.3900, SL 1.3890, Target for now 1.4000.

Regards,
Carel
please post your reasons for this trade..sounds interesting...

P.S trend is your friend!
  • #321,004
  • Nov 8, 2010 6:45am Nov 8, 2010 6:45am
short 3910, sl 3930, tp 3880....
Look Sharp/Trade Tight
  • #321,005
  • Nov 8, 2010 6:45am Nov 8, 2010 6:45am
SHORT !

Targeting :

873

Let's Watch All 2gether

  • #321,006
  • Nov 8, 2010 6:45am Nov 8, 2010 6:45am
GS said QE2 will work.

http://noir.bloomberg.com/apps/news?...d=a8Ox2FfXjppw

i loathe investment banks and their amateur analysts.

great traders and analyst don't work for banks.

they work at hedge funds.

stan
  • #321,007
  • Nov 8, 2010 6:47am Nov 8, 2010 6:47am
Quoting kassec
Hi, would be nice if you can explain your reasons for this trade. Would help people to learn from you
what you could learn straight away is he's going against the grain.

sure... he could get lucky and catch a bounce but there were lots of buyers here on Friday... they aren't posting much now.

stan
  • #321,008
  • Nov 8, 2010 6:47am Nov 8, 2010 6:47am
Right now looks like it respects yellow trendline. I think we`ll continue like this for some time.

http://img607.imageshack.us/img607/8422/444j.png
  • #321,009
  • Nov 8, 2010 6:47am Nov 8, 2010 6:47am
Just a reminder:

1. You don't have to trade every day to be profitable.

2. You don't have to trade everything that moves to be profitable.

3. You don't have to take every signal to be profitable.

But, in order to receive the prestigious Margin Call Award:

- you do have to trade every day, trade everything that moves, and take every signal.

And if you think that the above is old and obvious, try this:

next time when you spot a really good signal - don't take it. Check if you are really in control. Just for exercise. You may be surprised.
  • #321,010
  • Nov 8, 2010 6:49am Nov 8, 2010 6:49am
Quoting T.E.Lawrence
Just a reminder:

1. You don't have to trade every day to be profitable.

2. You don't have to trade everything that moves to be profitable.

3. You don't have to take every signal to be profitable.

But, in order to receive the prestigious Margin Call Award:

- you do have to trade every day, trade everything that moves, and take every signal.

And if you think that the above is old and obvious, try this:

[color="Red"]next time when you spot a really good signal - don't take it. Check if you are really in control. Just for exercise....
good one, it's really hard, you're right... but part of the process for sure.
  • #321,011
  • Nov 8, 2010 6:51am Nov 8, 2010 6:51am
i am beginning to lose interest of the day .

a tight range after a tight range .
the price is hovering around with no clear signal whatsoever , but defenatly it ranges lower and lower .

i started looking at 1min char to get a signal for God sake and nothing yet .
I SEE YOU !!
  • #321,012
  • Nov 8, 2010 6:52am Nov 8, 2010 6:52am
Interesting call. I like your R:R (better than 90% of the traders here). However, the air you are given to your trade (stop-wise) can be to tight for my taste and current volatility. Just my 2 cents. Good luck with your long.

sisse
Quoting Carel82
Hi guys,
I am a beginning forex trader, and new to this forum (this is my first post).
Seems I can learn a lot from you regular posters (there are really a lot of smart traders here with incredible insights), and hopefully I am able to contribute to this forum in the future.
I am a systems trader, and will post my first trade here.
Currently long on EURUSD from 1.3900, SL 1.3890, Target for now 1.4000.

Regards,
Carel
Pending conversations? PM for a chat...I am mainly in OTM now
  • #321,013
  • Nov 8, 2010 6:54am Nov 8, 2010 6:54am
Hi everybody,

I have put up two more scenarios to my blog.

Now we have 3 scenarios, where we are in a wave 5 up to new highs, and one that puts us into the bearish scenario.

I have provided invalidation points. see my blog which can be accessed through my signature.


Would like to be here more often and frequently. I have visited a lot of Forex boards, but the quality here is outstanding. But I have a day job and the work there is required to be done, too :-)

With that said I am not able to follow the discussion here post by post. So excuse me please, when I miss sometimes questions or remarks which are directed to me.

Maybe, when the question is urgend, sent me a private message. So your question does not get lost.

Catch you later,

Markus
  • #321,014
  • Nov 8, 2010 6:54am Nov 8, 2010 6:54am
You keep saying Short and Long ... and does not appear any of your targets are met.

Good luck anyways.



Quoting Merry
SHORT !

Targeting :

873

Let's Watch All 2gether

  • #321,015
  • Nov 8, 2010 6:54am Nov 8, 2010 6:54am
Quoting Pipwanderer
please post your reasons for this trade..sounds interesting...

P.S trend is your friend!
OK, I'll give it a go.
I trade from the one hour chart.
Pairs: E/U, G/U, and U/J. However, the last one has been a real mess lately so I am really careful trading it.
I have a set of indicators on my chart to determine 'zones' of S/R were price might reverse. (Historical horizontal S/R lines, MAs (200 and I also use 100 when there is a strong trend). Not looking for MA crossovers, but look for price to bounce from them. Also put BBs (100 and 200) on charts to add some areas price might reverse.
I also make use of fibs, candlestick setups, and the stochastics indicator.

Reasons for this trade:
Stochs heavily oversold
Price at lower 100 BB
Small doji like candle on 1H timeframe.
Small stoploss (10 pips) with high potential reward.

To me, this is really a no-brainer setup (low probability trade, however with high potential reward)
  • #321,016
  • Nov 8, 2010 6:55am Nov 8, 2010 6:55am
Quoting T.E.Lawrence
Just a reminder:

1. You don't have to trade every day to be profitable.

2. You don't have to trade everything that moves to be profitable.

3. You don't have to take every signal to be profitable.

But, in order to receive the prestigious Margin Call Award:

- you do have to trade every day, trade everything that moves, and take every signal.

And if you think that the above is old and obvious, try this:

next time when you spot a really good signal - don't take it. Check if you are really in control. Just for exercise. You may be surprised.
Well said, discipline is the hardest part.
It's really hard to resist not to trade.
  • #321,017
  • Edited 7:04am Nov 8, 2010 6:56am | Edited 7:04am
Quoting PayTheLimit
short 3910, sl 3930, tp 3880....
sl 3927 now..
Look Sharp/Trade Tight
  • #321,018
  • Nov 8, 2010 6:58am Nov 8, 2010 6:58am
Quoting druckenmillr
what you could learn straight away is he's going against the grain.

sure... he could get lucky and catch a bounce but there were lots of buyers here on Friday... they aren't posting much now.

stan
he is not doing much wrong, going against the grain yes, but he's only risking a mere 10 pips going long off the monthly pivot. Granted, I'd personally only buy above 1.393 but the trade he took is a high probability trade nonetheless & is a much safer trade than to short above the pivot.
Thank You
  • #321,019
  • Nov 8, 2010 6:58am Nov 8, 2010 6:58am
Quoting druckenmillr
what you could learn straight away is he's going against the grain.

sure... he could get lucky and catch a bounce but there were lots of buyers here on Friday... they aren't posting much now.

stan
Hum ... Perhaps he spotted some reversal sign I didn't saw ? Perhaps he has a good system and just made a mistake once ? Perhaps I'm loosing my time this whole thread after all.

I like to know why others and placing a trade. I analyze and make my own mind out of the reasons. There's often something to learn, even on failed trades. At least, it's a post about trading, there are finally less and less of those here.

Being a junior myself, I won't laught at other's failures (or perhaps failures from some 10+V that come to shout over there from time to time ...), but I'm still interested in finding which way they fail.

For now, I'm short @1.3918 (M1/M5 scalp entry). Not the best entry, but already on the + side, so I won't complain too much
Don't just be a sheep : make your own idea of it.
  • #321,020
  • Nov 8, 2010 6:59am Nov 8, 2010 6:59am
"It's up to you NY, NY!"
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