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  • #349,881
  • Dec 21, 2010 12:57pm Dec 21, 2010 12:57pm
Quoting alexxi
thanks for the reply, i know that and am going as fast as can.
but it would be nice if someone answers me on the 2 basic questions i asked...
I have no idea what your questions were.
1) It's unlikely that anyone's going to dig back through posts just to find and then answer your questions. If they were good questions you should've reposted,
2) How much time have you spent reading threads here trying to find the answer to your questions, and
2) Odds are that the babypips course will answer your questions.
  • #349,882
  • Dec 21, 2010 12:58pm Dec 21, 2010 12:58pm
Quoting Forexpro30
I demo traded for the first three years in Forex. I had demo profits each month.

When I first traded I started with $10,000 US Dollars later increasing it to $25,000 US Dollars. I worked my way up to $100,000 US Dollars trading for third parties.

When you do not trade your own funds you trade differently.

My wealthy friend managed funds trading commodities and the fund was over $1,000,000 US

He did not trade his own funds. I traded some of his funds for him. He was my mentor in the pyschology of trading.

NEVER trade your fear or your...
Have a great day and look forward to your analyst tomorrow ... Have a Merry Merry
  • #349,883
  • Dec 21, 2010 1:02pm Dec 21, 2010 1:02pm
Quoting alexxi
thanks am going through the school... but since i am only doing it as part time while working full time, it is my second week only , i am asking for help as time is not on my side.

thanks in advance
I've spent over a year 10 to 14 hours a day, up to 7 days a week and am just getting to the point where I am winning consistantly. there are no short cuts and I believe I will be learning for the rest of my life. Forex is not a get rich quick thing like many people are led to believe by advertisers.
  • #349,884
  • Dec 21, 2010 1:02pm Dec 21, 2010 1:02pm
preying for 2875 next 6 hours and 2680 tomorrow!
Founder of Sutherland Wave Principle
  • #349,885
  • Dec 21, 2010 1:03pm Dec 21, 2010 1:03pm
Quoting fontu
bear strong too many times & atlast doing the job nicely but this too strong in nature may end soon as always see before good failures & strong bounce possible .will tp before 3063 & may long to see .
fontu
fontu
Yep, I've already covered half of my position. If it moves into 1.309x, I'll cover the rest and look for a reentry above 1.31.
  • #349,886
  • Dec 21, 2010 1:05pm Dec 21, 2010 1:05pm
Quoting Forexpro30
I am going out now for a late lunch as my trading has ended for today. I will see if Asia and early Europe brings EUR/USD back over 1.3100

enjoy your lunch.... euro is gone and isnt coming back about for another lame attempt for SL hunting... otherwise, its hello 3050; 3000; 2960; 2840; 1800; 0894...
  • #349,887
  • Edited 1:07pm Dec 21, 2010 1:05pm | Edited 1:07pm
Well EU seems NOT TO AMAZE me, it just plays up and down, cycle after cycle.

Small stop losses and continual wins one after the other.

I guess one can analyze the market for days on end, or you could just trade quick hits of PA and make a nice little cash nest.

8 wins and 1 small loss, and only having to look at the charts occasionally.

Cheers and good trading.
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  • #349,888
  • Dec 21, 2010 1:06pm Dec 21, 2010 1:06pm
Quoting priceaction
The financial markets reflect an ongoing supply and demand relationship. Unfortunately, when the average person enters the world of trading operating in these markets becomes a kind of “art” based on subjective indicators and oscillators, news-driven perceptions and pictures of conventional price patterns that are more valuable with a frame around them on a person’s wall than they are in his financial statement!

Traders need to remember that the markets are nothing more than pure supply and demand at work, with...

Hello Priceaction,

supply and demand is a very good trading concept. I think that a few of the successful traders here are using these levels.

But to say supply and demand is the overriding factor that determines price and humans are only reacting, then there must be a higher force supplying the supply and demanding the demand.

But this market, stocks, forex etc. is all about humans, their emotions, their fear, their greed, etc.

What drives the people to supply at certain levels or demand at certain levels?

Following your logic supply and demand are self determinant. That would put the trading humans out of context.

So try to tell me: what is the driver behind the action of people?

Best to you,

Markus
  • #349,889
  • Dec 21, 2010 1:07pm Dec 21, 2010 1:07pm
Quoting mdiz2
I've spent over a year 10 to 14 hours a day, up to 7 days a week and am just getting to the point where I am winning consistantly. there are no short cuts and I believe I will be learning for the rest of my life. Forex is not a get rich quick thing like many people are led to believe by advertisers.
make your life easier and get yourself MT5; mt4 is useless..
good luck
anna
  • #349,890
  • Dec 21, 2010 1:10pm Dec 21, 2010 1:10pm
Quoting snatch
make your life easier and get yourself MT5; mt4 is useless..
good luck
anna
hi anna,

did you notice the glitch when drawing trendlines? they tend to not snap to the point where I want to point the "connectors" to. the same actually with fibonacci as well.
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  • #349,891
  • Dec 21, 2010 1:11pm Dec 21, 2010 1:11pm
Quoting infinitus
Hi Forexpro,

thanks for your view. I can accept it. Even under Elliotticans it is a topic of discussion, if news (at least the biggies like war etc.) might not change the waves.

We can see Elliott Wave pattern in the market. Can we agree on that? If yes, then my following reasoning:

Elliott wave pattern are created by changes in social mood.

If news could effect the outcome of social mood, would that be not a far more radical view of the harmony of the universe than to state, that news can not effect social mood (aka elliott wave patterns)?...
With respect to you and appreciation for your post and your views. As long as using Elliott Wave helps you in your trading then that is good. I used to subscribe to their services. I also do use charts.

Every person trading has a different style. I invest 4 to 6 hours each day just reading material on what is going on. I get 300 emails a day from information sources. Some I read and some I discard.

I have my favorite FREE websites where I go every day to review the news without spin.

There is one website FREE where you can read a dozen or more individual views of the markets. I read as much as possible to see the consensus.

Sometimes I can see where the market is going by seeing patterns repeat themselves.

Seven years of trading gives me excellent insight.

Lose your fear and your greed and your ego and learn your trade and you will win in forex.

Thanks for your thoughtful reply.
  • #349,892
  • Dec 21, 2010 1:14pm Dec 21, 2010 1:14pm
Quoting mdiz2
I've spent over a year 10 to 14 hours a day, up to 7 days a week and am just getting to the point where I am winning consistantly. there are no short cuts and I believe I will be learning for the rest of my life. Forex is not a get rich quick thing like many people are led to believe by advertisers.

i think i didnt express myself correctly, of course i am studying it every day as much time as i have, read the financial news and study the baby pips as well as even learning from this forum (not using this to decide when to buy or sell obviously).

but while learning i had 2 questions which would have been nice to find the answer instead of learning it in the future.

i do know i am not going to get rick quick, i am working full time.

anyway i just bought eur / usd and will sell at 312
  • #349,893
  • Dec 21, 2010 1:16pm Dec 21, 2010 1:16pm
Quoting Forexpro30
I demo traded for the first three years in Forex. I had demo profits each month.

When I first traded I started with $10,000 US Dollars later increasing it to $25,000 US Dollars. I worked my way up to $100,000 US Dollars trading for third parties.

When you do not trade your own funds you trade differently.

My wealthy friend managed funds trading commodities and the fund was over $1,000,000 US

He did not trade his own funds. I traded some of his funds for him. He was my mentor in the pyschology of trading.

NEVER trade your fear or your...
Good list, but it's not a one size fits all world.
I never use a stop loss because that's the way my cranium case is wired. As a result, I only have one trade on at any given time.
  • #349,894
  • Dec 21, 2010 1:18pm Dec 21, 2010 1:18pm
Quoting Forexpro30
I have my favorite FREE websites where I go every day to review the news without spin.

There is one website FREE where you can read a dozen or more individual views of the markets. I read as much as possible to see the consensus.

.
as soon as i can vouch, i will vouch for you (will probably take 5 years till i get 4v so i can v)

would you mind sharing the websites? so far i am building a list of good websites and trying to find more .

thanks
  • #349,895
  • Dec 21, 2010 1:21pm Dec 21, 2010 1:21pm
Back to flat. Time for a break; hopefully EUR will get back above 1.31 in the meantime.

The latest EUR video:
Inserted Video
  • #349,896
  • Dec 21, 2010 1:21pm Dec 21, 2010 1:21pm
Quoting monarch
Well EU seems NOT TO AMAZE me, it just plays up and down, cycle after cycle.

Small stop losses and continual wins one after the other.

I guess one can analyze the market for days on end, or you could just trade quick hits of PA and make a nice little cash nest.

8 wins and 1 small loss, and only having to look at the charts occasionally.

Cheers and good trading.
thats why its the only pair I trade, I trade it from the M1 to Daily, as long
as you do not fall in love with a long or short bias and can stay flexible to
changes while not fighting the main trend you can become very profitable
"Your Best trade is a loss with minimum risk"
  • #349,897
  • Dec 21, 2010 1:23pm Dec 21, 2010 1:23pm
Quoting Forexpro30
With respect to you and appreciation for your post and your views. As long as using Elliott Wave helps you in your trading then that is good. I used to subscribe to their services. I also do use charts.

Every person trading has a different style. I invest 4 to 6 hours each day just reading material on what is going on. I get 300 emails a day from information sources. Some I read and some I discard.

I have my favorite FREE websites where I go every day to review the news without spin.

There is one website FREE where you can read a dozen...

Hello Forexpro,

think we are in the same boat: sharing opinions and views, help each other etc. Live and let live. Another trading systems or bias should not make enemies. And (do not tell uncle Prechter): I am guilty of consuming news (I do not like to trade on my small island, I am keen in knowing what others do or think).

I think the most important thing is to learn not to trade your believes rather than that what you see on your chart (or in the news (on your part) :-))

Have a nice evening,

Markus
  • #349,898
  • Dec 21, 2010 1:23pm Dec 21, 2010 1:23pm
target #1 was the white dotted line. #2 in the red chart. pink box is a mofu that should provide st resistance. white lines in the background are a bigger predictive. sos with slip bounce. we usually bounce after one is hit and slipage. we just hit one (white dotted line). there is a gartly that indicates we may go back to 3135 or more (we are in its range atm). it expires around 3045. so be on the lookout.

gl

edit.. my tittle says 2969 to 2904
2904 should be 2804
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those who can, do. those who cant, talk about those who can
  • #349,899
  • Dec 21, 2010 1:24pm Dec 21, 2010 1:24pm
Could not resist the move up and stall for a short +6 pips.

This was the beginning of the move back down to test lows.

I am finished for the day, taking easy money from the market.

Cheers.
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  • #349,900
  • Dec 21, 2010 1:24pm Dec 21, 2010 1:24pm
Quoting AllyB
Me too Paul ... 7 pages so far just today
I'am trying to be the best sponge i can an absorb as much as possible as forexpro says I use everything until it proves of no benefit.

After trying all indicators and methods I have small tool kit --fibs support/demand and resistance/supply. lengths bars and pins .
1000 Tick chart that serves as 1 minute to 2hr time frame depending how much activity there is.
Thats my technical tool box
I'am keen to fill my fundamental tool box now .
I compare these two elements of trading similar to driving a car .
You can just drive it but it does help to have a basic understanding of how it works .
making green pips large and red pips small this is my goal.
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