Pending conversations? PM for a chat...I am mainly in OTM now
- #323,441
- Nov 10, 2010 1:41pm Nov 10, 2010 1:41pm
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
- #323,443
- Nov 10, 2010 1:43pm Nov 10, 2010 1:43pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Unbelievable how fast this thread is moving,
I don't think I like it anymore.
Way too much shit here and posts from people that really don't know what they are talking about.
I loved the Gbp/Yen thread, but that's the other way around.
No one talks anymore there, it's dead.
So where do I find a thread where people are really serious about currency trading?
Please let me know.
Shamu
Given that fibre is the most traded pair, it's reasonable to assume that it will attract most traders, and therefore most n00bs. As I said a few pages back, the most accomplished traders were once n00bs as well, and that should not be forgotton. I know that the ratio of accomplished traders to n00bs is out of whack, and this will continue to be so for as long as accomplished traders continue to 'abandon ship'. I know it's frustrating at times, but such is the nature of this business.....the same in my sport of skydiving.....a little knowledge is a dangerous thing. When a person is a complete and utter n00b, they are all ears. When they gain a little experience, they just can't shut up, even when they are speaking bullshit! That's life....that's the way it is! When the trader becomes an accomplised trader after years of experience, he/she wishes to converse with people of a similar standing.....and that's fair enough too.
What's the answer? For the accomplished traderes to have their own exclusive thread?....maybe....but what will become of the n00bs, some of whom are very serious and really want to learn? Same for the intermediate traders who ( like me ) do ok, but not as good as could/should be doing.....what happens to us?
I don't know the answer, perhaps a thread each for the 3 groups, n00bs, intermediates and accomplished traders?
I understand the exodus of accomplished traders from here, but who does that help?.....no one, right?
I'm keen to help find a solution, but it might take a bit more organising that it first seems. One thing is for sure, if *we all* don't put our heads together and sort it out, nothing will change for the better.
5c
Doing what you like is Freedom. Liking what you do is Happiness.
- #323,447
- Nov 10, 2010 1:48pm Nov 10, 2010 1:48pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
I agree, it looks too clear and too easy to be true. I really don't know what to expect short term (today/tomorrow). 3/4 of Europe on Holiday and the US too and they left the market sitting in the zero line.
sisse
just watching PA on smaller tfs for clues
- #323,450
- Nov 10, 2010 1:51pm Nov 10, 2010 1:51pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
LOADS of buying off 1,3740 all london , then a shake out to 1.3680 area where a huge amount of buyers turned up. I am looking for this potential inverse h and s formation to set up with a target of 1.3920 test in london / us next 24 hours ( i think markets are open still even though the holidays in cad and us)
I am looking for test ( low vol down moves) or shake outs ( high vol doji on down moves for entry
The only thing that could sink eu is the china cpi....
Blogging daily now at www.volume.zone
- #323,452
- Nov 10, 2010 1:53pm Nov 10, 2010 1:53pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
This was 100+ pips worth. Unfortunately, Driver doesn't post often but when he does I take notice as and when I can catch.
same for me. When Driver appears, something is happening. When Driver speaks, I do listen.......
- #323,453
- Nov 10, 2010 1:55pm Nov 10, 2010 1:55pm
I don't know the answer, perhaps a thread each for the 3 groups, n00bs, intermediates and accomplished traders?
5c
read all is impossible
if someone is still in the business for more then a year need to know something
- #323,456
- Nov 10, 2010 2:00pm Nov 10, 2010 2:00pm
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
LOADS of buying off 1,3740 all london , then a shake out to 1.3680 area where a huge amount of buyers turned up. I am looking for this potential inverse h and s formation to set up with a target of 1.3920 test in london / us next 24 hours ( i think markets are open still even though the holidays in cad and us)
I am looking for test ( low vol down moves) or shake outs ( high vol doji on down moves for entry
The only thing that could sink eu is the china cpi....
Attachment
well we just did the same thing today and stopped.
no previous surges in E/U were made very fast. loosing all the gains in matter of hours. so if that is the case. we will soon find out.
lots of data from Australia and China might add pressure to the pair. also many stops set above 1.382 area.
not long to find out. I'm still on sell rally's mode. What's worst is that
AUD/USD is above 1.00 and USD/CAD barely moved on all USD rally.
so both EUR and USD are bad currency with a lot of issues
- #323,459
- Nov 10, 2010 2:02pm Nov 10, 2010 2:02pm
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts