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  • #339,121
  • Dec 4, 2010 5:33am Dec 4, 2010 5:33am
Quoting knuckledrag
It's not as simple as "who sucks the most" anymore. Fundamentals (or as some call them funnymentals) indicate bad news everywhere and take your best shot "in my opinion". I can't tell you why the NFP seems to be the trigger, but these people have taken a stab at it. Even if their wrong they sound good.

Personally, I prefer Fib lines and S/R. If it heads north buy/south sell........
You pretty much summed it up. Forget the funnymentals and just trade what you see on the charts. Too me most funnymentals is BS, news is just the means for moving the market, and the big boys knew most retail was still short, so it was time to take us out.

We as retail traders need to be more cautious, look to higher TFs for direction, mark good S/R levels, have good trade setups, and use good money management.

Wish all green pips and a nice weekend.
  • #339,122
  • Dec 4, 2010 5:48am Dec 4, 2010 5:48am
Quoting disegnosys
You pretty much summed it up. Forget the funnymentals and just trade what you see on the charts. Too me most funnymentals is BS, news is just the means for moving the market, and the big boys knew most retail was still short, so it was time to take us out.

We as retail traders need to be more cautious, look to higher TFs for direction, mark good S/R levels, have good trade setups, and use good money management.

Wish all green pips and a nice weekend.

I'm to simple to get complex. You have a good week end too.
  • #339,123
  • Dec 4, 2010 5:51am Dec 4, 2010 5:51am
Quoting knuckledrag
I'm to simple to get complex. You have a good week end too.
Me too, I'm a simpleton and from I'm always told keeping trading simple is best.

Peace
  • #339,124
  • Dec 4, 2010 5:54am Dec 4, 2010 5:54am
Quoting grashid
Remember This post?

http://www.forexfactory.com/showpost...stcount=337055
http://www.forexfactory.com/showpost...stcount=337958

For Bull
Gate 1 : 1.3450 close any Daily bove that then going to test to Phase 2 area first.
Gate 2 : Close any Daily above 1.37

For Bear

Gate 1 : Close any daily below 1.3450
Gate 2 : Close any daily below 1.3050 then 1.27-1.25-1.23 and so on as per my plan earlier...

All Plan so far so good at the moment n let take a look in Gold reaction...
I am with You.... (You seem very emotional about EURO...J/K.... lol)
AS far as candle stick is concerned...Weekly...

Given last low holds....

Above resistence 1.3447..... 1.37xx...... 1.3863( ULTIMATE ONE ) Then comes 1.4080 - 1.4223..
Markets are not Random, they are designed!
  • #339,125
  • Dec 4, 2010 6:26am Dec 4, 2010 6:26am
Quoting disegnosys
Me too, I'm a simpleton and from I'm always told keeping trading simple is best.

Peace

I don't know if its best, but its the only thing I'm capable of. I'm sure there are a million ways to do this, and a million people claiming to have the Holy Grail of trading.
I guess it comes down to what you can make work. If your able to trade with a MACD then by all means use it.
  • #339,126
  • Dec 4, 2010 6:46am Dec 4, 2010 6:46am
looking at the charts right now I will be looking for bullish trades only this coming week unless there is a reversal..
  • #339,127
  • Dec 4, 2010 6:54am Dec 4, 2010 6:54am
Anyone sitting on a good link for historical data down to 1M?
not, dukascopy... can be <3 months...

good if it goes straight into MT4
  • #339,128
  • Dec 4, 2010 7:19am Dec 4, 2010 7:19am
Quoting harigp
weekley chart
Looks like we are setting up to 1.38 next week.
Prices are never too high to begin buying or too low to begin selling.
  • #339,129
  • Dec 4, 2010 7:29am Dec 4, 2010 7:29am
Quoting Larseg
Anyone sitting on a good link for historical data down to 1M?
not, dukascopy... can be <3 months...

good if it goes straight into MT4
If you already tried MT4 History Center and that didn't give you what you want. Did you try this link below which can go back many years.

http://www.dukascopy.com/plugins/fxMarketWatch/
  • #339,130
  • Dec 4, 2010 7:37am Dec 4, 2010 7:37am
Quoting Vladimir1987
You should have close it earlier.. I know some let it run till sl but there were signs of a bad trade and the whole game is cutting loses here and winners running... Its easy to say now and analyse it.. i know

But just my thought for next time

You sold into support and it cracked but went back up- cut your loss( uptrend we saw nfp release )...

Here is my view and again its easy to say now...
Attachment
Thankyou everyone for your advice .

I just thought with the 3 lower highs it my grind down a little more.
As you rightly say need to cut em quicker.

Identifying the levels am ok at .
need to refine what a break is from a bounce or fakey.

I know traders post levels and triggers but successfully trading them is something else.

I post charts with levels thats the easy part .
The key is identifying bounces,from breaks from fakes.

I can make quite a few pips every day but its how many i give back due to the above problem thats keeps me at break even slighty in profit slighty in loss area.
My profit and loss is similar to eur/usd graph but its always ranging cant get it in good uptrend lol.

If anyone has worked through these issues please any advice would be really appreciated.

As cloggie has said he and wormy used to post there levels as entries and stopped doing it cause they got a lot of stick.I feel traders may struggle with the same issues as me.

I suspect a lot here can post levels Then do a repost when they work. If they dont work dont do repost .Wait a while then start posting levels in opposite direction.If they work do repost. Great way to make you look like a guru .
If you struggle to identify trading levels traders like these are helpful.
But after all entry is only 10% of trading

I got a few things to try that may improve my peformance .

Wishing all success.
making green pips large and red pips small this is my goal.
  • #339,131
  • Dec 4, 2010 7:53am Dec 4, 2010 7:53am
You're not alone on this, I to am struggling with this. I'll go 6 to 8 weeks being successful only to give it all back due too something stupid, being to greedy, not trading my plan, or the market just teaching me something new I didn't know.

I'm not a VSA expert but if you look at price at levels on higher TFs (M, W, D) and where price doesn't stay at for long and moves quickly from. They are the key levels to get a good bounce from.

Anyway my 2 cents.

I'm actually going to get a Pro trading coach to help me get pass my main issue.

Best Wishes


Quoting paul1
Thankyou everyone for your advice .

I just thought with the 3 lower highs it my grind down a little more.
As you rightly say need to cut em quicker.

Identifying the levels am ok at .
need to refine what a break is from a bounce or fakey.

I know traders post levels and triggers but successfully trading them is something else.

I post charts with levels thats the easy part .
The key is identifying bounces,from breaks from fakes.

I can make quite a few pips every day but its how many i give back due to the above problem thats keeps me at break...
  • #339,132
  • Dec 4, 2010 8:12am Dec 4, 2010 8:12am
Quoting paul1
Thankyou everyone for your advice .

I just thought with the 3 lower highs it my grind down a little more.
As you rightly say need to cut em quicker.

Identifying the levels am ok at .
need to refine what a break is from a bounce or fakey.

I know traders post levels and triggers but successfully trading them is something else.

I post charts with levels thats the easy part .
The key is identifying bounces,from breaks from fakes.

I can make quite a few pips every day but its how many i give back due to the above problem thats...

I'm not all that good at explaining what others do better. You might get what your looking for here.

There is a lot here on "FF" that never gets posted on the EUR/USD thread. A lot of the old timers have just quit bothering with this thread.
  • #339,133
  • Dec 4, 2010 8:41am Dec 4, 2010 8:41am
38.2 may be just a retrace.
But even with the bulish alternative there is a chance it goes down for 190 pips or so.
Attached Image (click to enlarge)
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  • #339,134
  • Dec 4, 2010 9:11am Dec 4, 2010 9:11am
Does anyone else show this final tick on the EU at the end of trading yesterday? Just checking to see if this is a bad tick or not. It is a beta version of eSignal.

If it is a good tick then is it meaningful or just profit taking. Not only this tick but the whole trend from 16:30 was pretty steep about 42 pips.

Thank you in advance,
TJC


http://i839.photobucket.com/albums/z..._10_1657-1.png
  • #339,135
  • Dec 4, 2010 9:15am Dec 4, 2010 9:15am
Finally back to chart talk! Yup, I am watchung the same levels. I din't plan on beung pre emptive in my trades next week. I'll wait for PA and levels to let me know.

Quoting longshot_nl
38.2 may be just a retrace.
But even with the bulish alternative there is a chance it goes down for 190 pips or so.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #339,136
  • Dec 4, 2010 9:15am Dec 4, 2010 9:15am
Next week 2 scenarios

1) We continue the up move on the daily , breaking out of the top of the daily channel into weekly range at about 1,3800 and test of resistance level

2) Symmetry holds and top of channel hold taking as to 1.2970

dj at 2010 highs and gold close to all time highs ... for now I favour scenario 1 unless something major goes down this week.

They ignored nfp at 39 l .. in fact the dip on the es just got bought
Attached Image (click to enlarge)
Click to Enlarge Name: chart3146.gif78.png Size: 186 KB
Blogging daily now at www.volume.zone
  • #339,137
  • Dec 4, 2010 9:17am Dec 4, 2010 9:17am
Quoting tjc1020
Does anyone else show this final tick on the EU at the end of trading yesterday? Just checking to see if this is a bad tick or not. It is a beta version of eSignal.

If it is a good tick then is it meaningful or just profit taking. Not only this tick but the whole trend from 16:30 was pretty steep about 42 pips.

Thank you in advance,
TJC


http://i839.photobucket.com/albums/z..._10_1657-1.png
Bad tick buddy. My futures closed @ 1.3421 and the spot closed at 1.3413. I do not see any decline on my chart.
Prices are never too high to begin buying or too low to begin selling.
  • #339,138
  • Dec 4, 2010 9:17am Dec 4, 2010 9:17am
I am on Tradestation and don't have it.

Quoting tjc1020
Does anyone else show this final tick on the EU at the end of trading yesterday? Just checking to see if this is a bad tick or not. It is a beta version of eSignal.

If it is a good tick then is it meaningful or just profit taking. Not only this tick but the whole trend from 16:30 was pretty steep about 42 pips.

Thank you in advance,
TJC


http://i839.photobucket.com/albums/z..._10_1657-1.png
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #339,139
  • Dec 4, 2010 9:23am Dec 4, 2010 9:23am
Quoting teemo
I am on Tradestation and don't have it.
have it ... esignal as well , all depends what time data feed closes , that was printed as one of the last ticks , so really does not mean anything , just position squaring before end of weekend
Blogging daily now at www.volume.zone
  • #339,140
  • Dec 4, 2010 9:41am Dec 4, 2010 9:41am
Here is my point of view.
Attached Image (click to enlarge)
Click to Enlarge Name: daily eu.jpg Size: 152 KB
Little luck is forex water. Learn all Trading strategies, then forget them.
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