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  • #1,201
  • Nov 18, 2010 2:05am Nov 18, 2010 2:05am
Quoting edmturk
There are some big news releases which is why the market is slow.

thanks... i believe you're right... people are warry to have a position... everyone is on a waiting game...

but if i'm not sitting on my fingers now... i will be deploying a long scout... to feel... with a tight sl or very very nimble...

regards,
Success consists of going from failure to failure without loss of enthusiam
  • #1,202
  • Nov 18, 2010 2:07am Nov 18, 2010 2:07am
Quoting MaMood
Have sannec EU charts now down from w,d,H4 to H1.
Of course the past cnadles show that move up.
But the "reversal" yesterday is not looking so perfect/Strong to me.
My feeling says, that we are still in EU down trend overall ...
yes niels, that's a gold mine... what you said there... but there is a short term for long opportunity here... i thought you mentioned a scalp before

is it?
Success consists of going from failure to failure without loss of enthusiam
  • #1,203
  • Nov 18, 2010 2:09am Nov 18, 2010 2:09am
Quoting dongsky
agreed

here's my view for EU at the moment...
If sprint, then I expect a move up to 3680 area and then a test of 1.37.
Cause of short covering, the move cood be fast.

@Philip: Yeah for the moment I'm guest here, cause in TAF there has never been anything similiar, where I could discuss simple trading with other TAF dancers, without fearing that fti would bann or excommunicate me ;-)
  • #1,204
  • Nov 18, 2010 2:11am Nov 18, 2010 2:11am
Quoting MaMood
If sprint, then I expect a move up to 3680 area and then a test of 1.37.
Cause of short covering, the move cood be fast.

@Philip: Yeah for the moment I'm guest here, cause in TAF there has never been anything similiar, where I could discuss simple trading with other TAF dancers, without fearing that fti would bann or excommunicate me ;-)

Success consists of going from failure to failure without loss of enthusiam
  • #1,205
  • Nov 18, 2010 2:13am Nov 18, 2010 2:13am
Quoting dongsky
[...]

but if i'm not sitting on my fingers now... i will be deploying a long scout... to feel... with a tight sl or very very nimble...

regards,

Do not hesitate to send in a scout at any time.
You have to participate.
Scout is not the man for making big money.
So may be he's walking in wrong direction.
But who cares?
His task is to let you feel the market - nothing more, but nothing less
  • #1,206
  • Nov 18, 2010 2:24am Nov 18, 2010 2:24am
Quoting 1234
That move also caught me out by going so high. I attempted a rescue at 1.3620 area. Pulled the plug at -2% Will take a rest for a while after that. Glad that you both have plenty in profit. Enjoy the comments. All the best Ray
Hi Ray,

great to see you here too:-)

I think it is a good idea to pull the plug, if you have lost the feeling for the market and things are developing more fast, than you decision making.
Most important: save the book!

But you should consider it seriously, that the time is ripe to think about flipping (and "extreme rescueing").

Despite my MO this morning, when momentum is that strong it is really a good idea to do a leveraged flip. Try it on demo. Your heart will start to beat much much faster, then you press the "flip-button" and then you are save (most of the time). Feeling great. As soon as you are in profit or momentum is fading out, scale down exposure.

Dancing fti's style without flip tactic or very good rescue skills is a little dangerous. You have to take losses much to often. 2% will take some time to make it back. But chance for another 2% loss is still out there in the market ...

Just my 0.02 EUR

Do not know about your daily average performane
  • #1,207
  • Edited 3:40am Nov 18, 2010 2:26am | Edited 3:40am
Quoting MaMood
Do not hesitate to send in a scout at any time.
You have to participate.
Scout is not the man for making big money.
So may be he's walking in wrong direction.
But who cares?
His task is to let you feel the market - nothing more, but nothing less

thanks for reminding... but i need to discipline myself sometimes... one of my bad habits is my being vengefull... too often i fall on this mistake...

again you said it right... but ..


sx1x3616 - scout
killed!!! damage controled...


edit: hehehehe let's dance...
Success consists of going from failure to failure without loss of enthusiam
  • #1,208
  • Nov 18, 2010 2:28am Nov 18, 2010 2:28am
Well - maybe it's greedy, but

I'm a chicken this morning!


PA has just made what I felt it would do, because it was not a "natural" move, but somehow "artifcial". Should have taken third rescue step, again down from 3650 area ...

Have to leave for preparing family lunch.
Will be back arround NY opening.

CU,
Niels
  • #1,209
  • Nov 18, 2010 2:30am Nov 18, 2010 2:30am
Quoting MaMood
Hi Ray,

great to see you here too:-)

I think it is a good idea to pull the plug, if you have lost the feeling for the market and things are developing more fast, than you decision making.
Most important: save the book!

But you should consider it seriously, that the time is ripe to think about flipping (and "extreme rescueing").

Despite my MO this morning, when momentum is that strong it is really a good idea to do a leveraged flip. Try it on demo. Your heart will start to beat much much faster, then you press the "flip-button" and then...
i agree with you there... but the way you do your flip... is too fast and too furious for me... i might turn into a flip too

i'm not that skillfull yet to do countertrend trades while still on a trend trade...

if wrong then i will just either "pull the plug" or merely rescue in big numbers... a quick rescue that is... blitz!
Success consists of going from failure to failure without loss of enthusiam
  • #1,210
  • Nov 18, 2010 2:32am Nov 18, 2010 2:32am
Quoting MaMood
Well - maybe it's greedy, but

I'm a chicken this morning!


PA has just made what I felt it would do, because it was not a "natural" move, but somehow "artifcial". Should have taken third rescue step, again down from 3650 area ...

Have to leave for preparing family lunch.
Will be back arround NY opening.

CU,
Niels
enjoy lunch... i'll be right here...
Success consists of going from failure to failure without loss of enthusiam
  • #1,211
  • Nov 18, 2010 2:45am Nov 18, 2010 2:45am
But you should consider it seriously, that the time is ripe to think about flipping (and "extreme rescueing").
Thanks Niels, I will practice flipping. Up to now I just do rescues and followed Fti advice on rescues-two rescues and then surrender.
  • #1,212
  • Nov 18, 2010 2:52am Nov 18, 2010 2:52am
Quoting 1234
But you should consider it seriously, that the time is ripe to think about flipping (and "extreme rescueing").
Thanks Niels, I will practice flipping. Up to now I just do rescues and followed Fti advice on rescues-two rescues and then surrender.
and remember ray, he's dancing with 1m TF, so it's something that we should experiment first before doing in live acct. there's nothing wrong with rescues ray as long as you implement it on the right moment... i believe timing is the key to everything...


... a question ray, how will you know that your soldier needs to be rescued... when and how?
Success consists of going from failure to failure without loss of enthusiam
  • #1,213
  • Nov 18, 2010 3:20am Nov 18, 2010 3:20am
EU Scout @ 36402

Reason: Anticipate the breakout of pennant. Participate with hindsight of higher TF.

Check out the 4H TF retracement to abt 50% of prior 4H candle. Classic Graeme

As per Fti when in Bull mode polish up the horns and charge!!!
"Thinking Heart & Feeling Brain"
  • #1,214
  • Nov 18, 2010 3:50am Nov 18, 2010 3:50am
... a question ray, how will you know that your soldier needs to be rescued... when and how?
Often for me a rescue is an attack. Today then price stalled a little at 1.3520 area I added. I guess I was really attacking. When price went to 1.3530 I was not really worried. But when it was above 1.3555 and I was down about $1000 I pulled the plug as I thought it could go highter and snowball more against me. All my decisions are based on money values when things are going against me. I was prepared to lose $1000 or so but no more.
In hindsight I was too greedy, overconfident and predictive at the 1.3520 area. Also after trading the Asian session, I kind of forgot about the bigger moves that can occur during the London sessions. Anyway I decided not to try to get back any money tonight. I will have a rest and start again tomorrow.
The China holiday was great. One of the best ever. The forbidden city, great wall etc. was well worth seeing. We hope to go back and spend more time there. All the best with your trading and CU tomorrow. Ray
  • #1,215
  • Nov 18, 2010 3:57am Nov 18, 2010 3:57am
Quoting 1234
... a question ray, how will you know that your soldier needs to be rescued... when and how?
Often for me a rescue is an attack. Today then price stalled a little at 1.3520 area I added. I guess I was really attacking. When price went to 1.3530 I was not really worried. But when it was above 1.3555 and I was down about $1000 I pulled the plug as I thought it could go highter and snowball more against me. All my decisions are based on money values when things are going against me. I was prepared to lose $1000 or so but no more.
In hindsight I was...
good to know you enjoyed your china trip.

as niels always telling me, there's always tomorrow... another day...

have a good one ray...

cheers,
eddy
Success consists of going from failure to failure without loss of enthusiam
  • #1,216
  • Nov 18, 2010 3:58am Nov 18, 2010 3:58am
3kings not insync... be watchfull...

sx1x3646
Success consists of going from failure to failure without loss of enthusiam
  • #1,217
  • Nov 18, 2010 4:07am Nov 18, 2010 4:07am
Scout still sniffing the ground... Need to cross the 3650 zone with compelling momentum...

Somethin is spooking the Geisha as she refuse to dance to the tune her British gentlemans and their Europeans counterparty...

How's dinner Eddy?

Just had a delicious meal @ my little angel's place
"Thinking Heart & Feeling Brain"
  • #1,218
  • Nov 18, 2010 4:13am Nov 18, 2010 4:13am
Quoting Sylar
Scout still sniffing the ground... Need to cross the 3650 zone with compelling momentum...

Somethin is spooking the Geisha as she refuse to dance to the tune her British gentlemans and their Europeans counterparty...

How's dinner Eddy?

Just had a delicious meal @ my little angel's place
be nimble... something big time is already in progress... can't be certain yet of what it would be... just be nimble...

dinner... mine was ages ago...kari ayam dan nasi lemak dengan sambal ikan bilis... nyaman ya?

good to know you had a good one...

still feeling the market... still very cloudy terrain... scout is blinded... need to feel his way through...
Success consists of going from failure to failure without loss of enthusiam
  • #1,219
  • Edited 4:35am Nov 18, 2010 4:22am | Edited 4:35am
Hi friends,

have eaten a little too much I think.
Feeling ready for a midday rest :-)

Have heard on the radio, that Irish government has accepted to take some credits from EU. That was the reason for that move in London morning session. Funny, there was one short message only on my news feed, so I missed it.

Will do my chartwork now to get in tune with the ladies and your troops.
  • #1,220
  • Nov 18, 2010 4:41am Nov 18, 2010 4:41am
bulls are tired... exhaustion candles is very obvious...

where will the price go from here...
Success consists of going from failure to failure without loss of enthusiam
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