DislikedI dunno if it can even be avoided at this point. They can't print. And they likely won't be able to change the rules. Germany will not go broke just to save the rest.Ignored
i can't stand the pound.
stan
- #332,484
- Nov 24, 2010 7:32pm Nov 24, 2010 7:32pm
someone has to be on the other side of my profit.
The key with trading is not your method, it is the position where you exercise your method.
We are currently sitting at an area where a reversal is possible (notice the word possible, not like some of you here who misread and see the imaginary words I'm buying -
). These are the times when I come out of my hole and look for my set-ups. I don't predict, I just act 
Speculator is just a fancy word for gambler
- #332,486
- Nov 24, 2010 7:43pm Nov 24, 2010 7:43pm
I practice VSA, but like every system or indicator, it's not consistent nor exact. Don't forget that a portion of those volumes include selling ticks - that's one of the reasons they're getting bigger. In terms of pure PA, yes there is buying going on at certain levels and certain sessions but don't forget it is all relative volume, to the session. The buying can include legitimate currency needs, ie., the middle east buying for debt repayment (makes sense to do it at better rates), buying for transfer payments like the UK does monthly, and a host...
Like I said, I don't predict (you learn to stop doing that eventually). I just act when it's time to do so.
I trade futures BTW, no OTC monopoly for me. Too much moolah at stake.
Speculator is just a fancy word for gambler
- #332,487
- Nov 24, 2010 7:50pm Nov 24, 2010 7:50pm
- | Additional Username | Joined Oct 2010 | 578 Posts
I'm still holding shorts from 1.4050, no money for you here. I will however reverse as soon as the chart tells me to do so. If this volume proves to be absorption and not buying, I'll add more with 1st target of 1.26.
The key with trading is not your method, it is the position where you exercise your method.
We are currently sitting at an area where a reversal is possible (notice the word possible, not like some of you here who misread and see the imaginary words I'm buying -
you have to predict before you act or your entries would be based on true randomness.
listen... i hear silence... your hole wants you back
- #332,489
- Nov 24, 2010 7:51pm Nov 24, 2010 7:51pm
- | Additional Username | Joined Oct 2010 | 578 Posts
Hi Beljevina, good post. But I disagree in part. Not consistent nor exact, I beg to differ. I would say at times it is unclear and further confirmation is needed to gain a better picture. Much like now. I would say VSA is extremely consistent and about as exact as you're gonna get in this game.
Like I said, I don't predict (you learn to stop doing that eventually). I just act when it's time to do so.
I trade futures BTW, no OTC monopoly for me. Too much moolah at stake.
i beat it every week.
stan
- #332,491
- Nov 24, 2010 7:55pm Nov 24, 2010 7:55pm
- Joined Feb 2008 | Status: Trader | 2,258 Posts
All that is left in FF is just plain garbage. "Cloggie"
- #332,493
- Nov 24, 2010 8:02pm Nov 24, 2010 8:02pm
according to bollinger on my daily charts and daily channel which was created from last week, there are many room to downside to lower bollinger band.
it could be good point for reversal, reaction price to bolinger band is very important.
it could be good point for reversal, reaction price to bolinger band is very important.
Good companion, is a trophy.
- #332,497
- Nov 24, 2010 8:06pm Nov 24, 2010 8:06pm
- | Joined Oct 2008 | Status: Behaviour changes often | 1,170 Posts
the key to trading is money management.
you have to predict before you act or your entries would be based on true randomness.
listen... i hear silence... your hole wants you back
Traders are smartasses