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  • #333,461
  • Nov 26, 2010 8:17am Nov 26, 2010 8:17am
Quoting PipChick
Got it

My background is kind of backwards, as I started as a trader, then went the modelling route. I was not good enough to get a math degree when I was young and did not see the value in it until I entered the business. Doing it this way, I probably lost 15 years. When I was young math was for geeks, now I have come to realise that the mathematicians are the ones ruling the world and are having the last laugh.
  • #333,462
  • Nov 26, 2010 8:17am Nov 26, 2010 8:17am
Quoting cloggie
My background is kind of backwards, as I started as a trader, then went the modelling route. I was not good enough to get a math degree when I was young and did not see the value in it until I entered the business. Doing it this way, I probably lost 15 years.
Ahhh I see. I did everything backwards too..lol..Got married, had kids THEN went to college.lol
  • #333,463
  • Nov 26, 2010 8:18am Nov 26, 2010 8:18am
Quoting PipChick
Somebody trying to get your system cloggie? Or am I reading it wrong?lol
...but no, I am just pleased to see similar interest. Besides, there are multiple/different paths to the same end. The end really gets interesting once they meet in the same market place, if you know what I mean.
  • #333,464
  • Nov 26, 2010 8:19am Nov 26, 2010 8:19am
Quoting PipChick
Ahhh I see. I did everything backwards too..lol..Got married, had kids THEN went to college.lol
Add me to the backwards list!
  • #333,465
  • Nov 26, 2010 8:20am Nov 26, 2010 8:20am
Quoting PipChick
Ahhh I see. I did everything backwards too..lol..Got married, had kids THEN went to college.lol

I am kind of glad that it has gone the way it has for me, because I look at the markets differently now then I would have had I started in math.
  • #333,466
  • Nov 26, 2010 8:21am Nov 26, 2010 8:21am
Quoting cloggie
I am kind of glad that it has gone the way it has for me, because I look at the markets differently now then I would have had I started in math.
Makes sense.
  • #333,467
  • Nov 26, 2010 8:22am Nov 26, 2010 8:22am
Quoting PayTheLimit
thanks again....
They almost Gotcha Pay..--i think they will give it another GO..
  • #333,468
  • Nov 26, 2010 8:24am Nov 26, 2010 8:24am
Anyways, back to price here.

We are still at the same trigger levels with no confirmed move, time for a cuppa.

Wonder how many here have revenge traded this range in anticipation?
  • #333,469
  • Nov 26, 2010 8:25am Nov 26, 2010 8:25am
Quoting PipChick
Ahhh I see. I did everything backwards too..lol..Got married, had kids THEN went to college.lol
So you are saying that I am forwards ...got all the degrees I could think of, no kids, ...Well, I guess previous trading experience helps in a way, perhaps limiting in other ways...I only opened my first brokerage account less than a year ago!
  • #333,470
  • Nov 26, 2010 8:26am Nov 26, 2010 8:26am
Quoting zaphy
So you are saying that I am forwards ...got all the degrees I could think of, no kids, ...Well, I guess previous trading experience helps in a way, perhaps limiting in other ways...I only opened my first brokerage account less than a year ago!

Guys like you will do fine in this business. Previous trading experience actually gets in the way sometimes, purely because I know what is happening next, I just can't model it because the math disagrees.

Ah well, time for that cuppa now. We have a direction to build down here.
  • #333,471
  • Nov 26, 2010 8:28am Nov 26, 2010 8:28am
Quoting zaphy
So you are saying that I am forwards ...got all the degrees I could think of, no kids, ...Well, I guess previous trading experience helps in a way, perhaps limiting in other ways...I only opened my first brokerage account less than a year ago!
LOL..yes you are forwards
  • #333,472
  • Nov 26, 2010 8:29am Nov 26, 2010 8:29am
Quoting cloggie
Wonder how many here have revenge traded this range in anticipation?
I will admit to doing this and I've not fared well. I have to really try not to do this. I'm getting emotional about this when I know I don't need to be.
A pip is only worth it if you know how much you risked to earn it
  • #333,473
  • Nov 26, 2010 8:29am Nov 26, 2010 8:29am
Quoting fx111
Looks like this could be setup for retrace to 1.3296 or 1.3310
If 1.3246 gives away upside, then should be a little bit worried.

But intermediary test is 1.3264.

1.33 looks pretty obvious if final 1.3284/6 is being cracked.
They think they are smarter than I am.
  • #333,474
  • Nov 26, 2010 8:30am Nov 26, 2010 8:30am
Quoting vlady1974
I will admit to doing this and I've not fared well. I have to really try not to do this. I'm getting emotional about this when I know I don't need to be.

The majority here are doing exactly the same thing, you are not alone in this. You are however addressing it and that is the first step in the right direction. Of the 400 people watching this thread right now, at least 200 took the same trades.
  • #333,475
  • Nov 26, 2010 8:31am Nov 26, 2010 8:31am
I went to Uni got a business degree, post grad etc. then spent 10 years in software marketing, complete bloody waste of time in hind sight, wish I'd just read a copy of Tom Williams and started trading in my early 20's, I'd be retired by now!!
  • #333,476
  • Nov 26, 2010 8:32am Nov 26, 2010 8:32am
For those who like to trade the ab=cd patterns...here is a tip..Most abcd traders do not use the FE's. Each FE is a potential tp area or a scale out area depending on the current PA when price reaches that level. Very often, once price reaches the FE 50 or FE 61.8, price will go back to test "C" for another shot at reaching "D"/ But if price closes above "C" on the TF you are trading in, then the ab=CD is voided and price will likely test "A".
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  • #333,477
  • Nov 26, 2010 8:34am Nov 26, 2010 8:34am
Quoting PipChick
And once you have been in the business for several years..Hunches REALLY do count. How can you program a hunch?
With all due respect mrs pip, there is no hunches in forex. All that matters is a reaction.
If u trade hunches u r gambling 50-50. We dont wanna 50 50 right?
  • #333,478
  • Nov 26, 2010 8:36am Nov 26, 2010 8:36am
Quoting T@rantula
With all due respect mrs pip, there is no hunches in forex. All that matters is a reaction.
If u trade hunches u r gambling 50-50. We dont wanna 50 50 right?
What I mean by hunches is that once a person has been in the business for years, you get the feel of the mkt and the little patterns it forms. You see the PA, patterns, ranges, etc over and over so many times that you actually see them in your sleep. lol
  • #333,479
  • Nov 26, 2010 8:37am Nov 26, 2010 8:37am
stocks down over 1%
  • #333,480
  • Nov 26, 2010 8:39am Nov 26, 2010 8:39am
hello guyz my name is khan i am a new member of this great community i have been taking tips and observing the forums from quite a while and want to be a part and share my expertise so plz let me .

and for now on euro i think it can rebound to 1.3370 before breaking the 1.32 R mark and then its gona fall to 1.27 that my opinion thank you
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