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  • #329,681
  • Nov 21, 2010 6:01pm Nov 21, 2010 6:01pm
Quoting nebuman213
People who make REAL money in Forex trade LOWER time frames (M1, M5, M15) based off of HIGHER time frames (H4, D1, W1). PANSIES who have LOST THEIR BALLS trading lower time frames stick to HIGHER time frames and think LOWER time frames are NOISE. THEY ARE IGNORANT.

Any time frame that isn't a TICK CHART is NOISE. It is just a conceptual representation of the REAL MARKET.
Hard to argue with that.
  • #329,682
  • Nov 21, 2010 6:04pm Nov 21, 2010 6:04pm
Quoting realjumper
lol....same.....so I found the iggie button instead of the reply button :-)
Iggie... You must be in the 95% CLUB!
  • #329,683
  • Nov 21, 2010 6:10pm Nov 21, 2010 6:10pm
Most dismiss the lower time frames because of what they hear on forums like this. Most say if you can't trade and make money on the higher time frames then you can't trade and make money on the lower time frames.. Total BS.

I say, if you can't make a profit on the lower time frames, then you have no business trading the higher time frames! IMHO trading < 15m is easy money! Personally, I prefer the 15m, 5m and 1m. That's my bread and butter.

Oh, the naysayers will come and say otherwise ... dismiss them. In fact I wouldn't be surprised if some posters on FF aren't compensated by a few b0rkers for spewing nonsense!
  • #329,684
  • Nov 21, 2010 6:10pm Nov 21, 2010 6:10pm
Quoting cloggie
Why am I taunting? Why am I so tough, because I hate to see it when hundreds of retailers are led up a garden path by a few loudmouths who are adamant about ficticious gap trading techniques.

If you have seen my posts, you should know by now that I am not here to win a popularity contest, quite the contrary and if I can keep a few retailers and "newer" traders here from making some silly mistakes by taunting the muppets who believe in "gaps" then I have achieved my objective. Trading FX for most is hard enough without all the lies and...
... and I accept and respect that. The discussion might be old for us regulars here but who knows ... there is someone joining here daily and might not know what we talked about a week earlier. Today seems an example ... there is no catching up with the gap ... it seems we are going bullllllll ...
  • #329,685
  • Nov 21, 2010 6:12pm Nov 21, 2010 6:12pm
what is the possibility eu to go down from here
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
  • #329,686
  • Nov 21, 2010 6:12pm Nov 21, 2010 6:12pm
Quoting rookie001
... and I accept and respect that. The discussion might be old for us regulars here but who knows ... there is someone joining here daily and might not know what we talked about a week earlier. Today seems an example ... there is no catching up with the gap ... it seems we are going bullllllll ...

I don't really care if 99% here jump down my neck, but maybe, just maybe a few here would actually do a little more research and some independent thinking about what I wrote regarding "gaps".

And let's be honest, the "short the gap" screamers have thinned out quite significantly in the last few weeks, so maybe I will give it a rest for a while. Objective achieved.
  • #329,687
  • Nov 21, 2010 6:14pm Nov 21, 2010 6:14pm
Quoting cloggie
I don't really care if 99% here jump down my neck, but maybe, just maybe a few here would actually do a little more research and some independent thinking about what I wrote regarding "gaps".

And let's be honest, the "short the gap" screamers have thinned out quite significantly in the last few weeks, so maybe I will give it a rest for a while. Objective achieved.

The gaps that are discussed here are because of b0rkers opening times nothing more nothing less. A true gap .... is RARE. It can happen, but it's not a sleazy weekend gap ... because your b0rker doesn't have enough staff to open during normal trading hours.
  • #329,688
  • Nov 21, 2010 6:15pm Nov 21, 2010 6:15pm
Quoting cloggie
the muppets who believe in "gaps" then I have achieved my objective.
U didn't achive anything but insist to your view and keep talking about it every week!!
Let everyone trade depends on his own Rule and Let the time prove who is right and who is wrong Not the right why to insulting anyone by calling Muppet even if he is wrong and you are not the God father of the forex to be the only right one, Again Time best tool to tell.

I respect you as a trader and you are good one but hope you accepting my view and close this subject.

GL and happy NEW WEEK to all
Cya
  • #329,689
  • Nov 21, 2010 6:16pm Nov 21, 2010 6:16pm
i tend to agree that it is perfectly possible to profit off scalping the 5m and 15m - i have just got my 30 pips for the day, will wait to see the LO - easy money - once i learned to be disciplned and not chase my losses, hte ratio of winning trades increased dramatically
  • #329,690
  • Edited 6:31pm Nov 21, 2010 6:20pm | Edited 6:31pm
Quoting GulfCoastPip
IMHO trading < 15m is easy money! Personally, I prefer the 15m, 5m and 1m. That's my bread and butter.
It's really don't matter what TF you are trading ODDS are always on

the house side. But you got more chances to win betting on 2 football games from 15 than 15 from 15


It's like playing poker and know what your opponents

cards are.:

"The retail brokers who have sprung up recently would like you to believe that
currency trading is a high form of financial speculation. In reality, the average
client 's trading approach combined with the unscrupulous practices of some brokers
make spot FX trading more akin to the games found on the Vegas strip than (Q
anything seen on Wall Street. The new breed of on-line FX brokers simply share too
many of the traits employed by casinos to stack the odds in their favor, including
these:
• The "house" always has the advantage (the spread).
• The "house" feeds off the player's greed and actively promotes it (by offering
trading signals, excessive leverage, and fancy platforms resembling slot
machines!).
Introduction
• The "house" adopts various dubious risk-management controls. which
include cheating and culling off winning players.
All of these benefits ensure that, in the long run, the house (broker) will end up
with virtually all of the player's (trader's) money. The odds are simply stacked in their favor"

===
So, eat your bread and butter carefully

P.S

Anyways scalping is for cocky Teens, who can sleeplessly sit at the screen 24/7 trying to catch some "moves"

more trades you take (more frequently you trade), more chances you got end up loosing and that's the STATISTIC

(cause ODDS are against the player)!

Have a good night..
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  • #329,691
  • Nov 21, 2010 6:20pm Nov 21, 2010 6:20pm
end of gap-discussion so cloggie ... what is your bias for this week ... is it going up or down ?
  • #329,692
  • Nov 21, 2010 6:20pm Nov 21, 2010 6:20pm
Quoting mercy seat
Partial profits at 1.3721 and 1.3719 ...

SL for the rest of positions at 1.3747 (previous high) ...

Call levels will start from 1.3697 limit ...



Und tschüss ... gute Nacht ...



;-)

Rest of positions stopped out ... but re-loaded again 20 times higher as amount of rest-positions at 1.37562 ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #329,693
  • Nov 21, 2010 6:20pm Nov 21, 2010 6:20pm
Quoting dimlat
i tend to agree that it is perfectly possible to profit off scalping the 5m and 15m - i have just got my 30 pips for the day, will wait to see the LO - easy money - once i learned to be disciplned and not chase my losses, hte ratio of winning trades increased dramatically
same here banked 30 pips and waiting for tomorows action
  • #329,694
  • Nov 21, 2010 6:23pm Nov 21, 2010 6:23pm
for all those trying to sell eu and get a gap close..

the gap opened and closed before your mt4 platforms even opened ,,, get a real feed or do not trade till the market gets rolling in Tokyo

I know this is going to make a whole bunch of people mad. But why do you think brokers invest so much into mt4 and even offer it for free? .... why is easy cause 90% of traders fail and the money they lose goes right into the brokers pockets.

We are above Fridays high , with Ireland bail out news everywhere and yet the amount of traders trying to sell a none existent gap is very high in this forum.

No wonder 90% of traders lose money

Attached Image (click to enlarge)
Click to Enlarge Name: chart3146.gif21.png Size: 216 KB
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  • #329,695
  • Nov 21, 2010 6:24pm Nov 21, 2010 6:24pm
Quoting rookie001
end of gap-discussion so cloggie ... what is your bias for this week ... is it going up or down ?
3992 midweek.

This week is going to be fundie manipulated, Ireland news and Portugal will hit the fan as soon as rates hit 7.5 over there. So no longer term trades for me, one day at a time, opening around Franky, closing mid afternoon NY time.
  • #329,696
  • Nov 21, 2010 6:28pm Nov 21, 2010 6:28pm
Skyzer, sometimes you make sense ... other times you don't. Of course b0rkers have the advantage. Anyone who thinks otherwise is being mislead. I'll also add that those that think they can't make a living out of FX is sadly mistaken. Many have ... me included. There's more than a handful here that I know of that make a living from FX.
  • #329,697
  • Nov 21, 2010 6:29pm Nov 21, 2010 6:29pm
Quoting kuroro001
All high vol are either compressed bars (doji or no strong upbars) then there is downmove.
And the upside is not made with high vol...probably because its done before Frankfurt/London.

Its like sellers are there on all top...ready to make the pair drown.

We'll see that in the coming day/weeks.

PS : this chart is a little mess but its hard to explain everything
Attachment

I am giving it a try here at 1,3570...stop around 1,3830
I will add one more just between 1,3780 and 1,3800.
COT: The precious data ignored
  • #329,698
  • Nov 21, 2010 6:31pm Nov 21, 2010 6:31pm
Quoting bonus76
what is the possibility eu to go down from here

i hope we can see a partial retrace from .3770 level
  • #329,699
  • Nov 21, 2010 6:36pm Nov 21, 2010 6:36pm
Quoting malcolmb14
for all those trying to sell eu and get a gap close..

the gap opened and closed before your mt4 platforms even opened ,,, get a real feed or do not trade till the market gets rolling in Tokyo
That's what I'm talking about, you cannot win Formula 1 race driving

GEO metro ))
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #329,700
  • Nov 21, 2010 6:38pm Nov 21, 2010 6:38pm
Quoting SkyzerFX
That's what I'm talking about, you cannot win Formula 1 race driving

GEO prism ))
Geo prism lol .... rofl ..

I will get one and try getting 2000 hp out of it. Maybe I can take rocket engine and strap to roof

btw I like the gold long .. nice test last week on 4 hr
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