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  • #351,301
  • Dec 23, 2010 11:33am Dec 23, 2010 11:33am
bears are bears.. they leave bear footprints even when they act like bulls.. all you need now is a few bear candles.
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those who can, do. those who cant, talk about those who can
  • #351,302
  • Dec 23, 2010 11:35am Dec 23, 2010 11:35am
Quoting apt
Thanks! I will def read it.

Yeah, I don't want to hail praise to anyone, but a lot of cloggie's posts have been pretty good.
From what I have read on this thread and many others Cloggies advice stands way above anything else I have read. He is the only person I have ever seen call moves to the pip over and over again before they happen. I have seen him do this for months on both gu and eu. NOBODY else here can or does do that.

He also has discussed how money flow works extremely well. Forexpro30 seems to have a real strong grasp of this also. It's traders like these that can make a change in your trading.
  • #351,303
  • Dec 23, 2010 11:35am Dec 23, 2010 11:35am
Quoting cloggie
Dangle a carrot and the HFT's can't ignore it, models follow the rules.

Isn't it lovely.

Quoting cloggie
Just don't go shorting this one, the HFT's will most likely take this higher.
  • #351,304
  • Dec 23, 2010 11:39am Dec 23, 2010 11:39am
Quoting cloggie
Isn't it lovely.
how high will it go and when would be a good price to short it? Its Xmas, share the details!
  • #351,305
  • Dec 23, 2010 11:41am Dec 23, 2010 11:41am
Quoting gatorinla
it was gonna spike some anyways.. 3096 was a 90% chance (because of formation).. we were sitting on a major tl (and a p fib)and most indis were over sold on the 1 hr.. we had doji's with a green one closed before the news. all this means up..together its close to a sure thing. #351193
very right. That was the reason I was long, but got nervous in the long sideway action and closed the position before the spike.

But there was an upmove in the air. Not that I saw a 60pip/2min spike coming but......
  • #351,306
  • Dec 23, 2010 11:41am Dec 23, 2010 11:41am
Quoting Ovidius
how high will it go and when would be a good price to short it? Its Xmas, share the details!

Just follow the money. I gave a heads up over an hour ago what happens when the carrots are out, the rest is up to your MM and risk appetite.
  • #351,307
  • Dec 23, 2010 11:44am Dec 23, 2010 11:44am
I hope no poster here will think that I am bragging or have a hidden agenda.

I sincerely enjoy posting live as I trade. I am of the Win Win School and I am wise most of the time and I have paid my dues. I have posted before on forex forums and I have seen it all. My style might not be your style.

However I surely do not enjoy insults or contests or people losing their money. I am not selling anything here.

I wish everyone a Happy Prosperous Holiday and New Year.

In closing the reason I came back to post this since I started posting near 7:00 AM without a break is I just looked at my FXCM UK five minute chart.

There was just two REAL FX TRADING POINTS ALL DAY.

Look at 3:00 AM and 11:00 AM

That is my present for anyone reading this. You can make money if you understand about 3:00 AM and 11:00 AM

Maybe not always but ignore this information at your own trading peril.

You should always have a STOP LOSS in mind whether it is in or mental. The problem with mental is just that.

If your loss tolerance is 50 PIPS so be it. You were WRONG. Take your loss. The first loss is the best loss. You are FREE again to think properly.

THE MARKET IS ALWAYS RIGHT so just accept it.

Trade wisely and use Risk Management with a Trade Plan using technicals and fundamentals and NEVER trade with funds you cannot afford to lose.


Take Care Everyone
  • #351,308
  • Dec 23, 2010 11:45am Dec 23, 2010 11:45am
Hello all.. I haven't posted in a while.. I really enjoy all the conversations that I see going on here at FF.. The squabbly debates are extremely entertaining... Especially after I walked away from my computer and come to an "oh shit" moment on my charts. The comedy is a great stress relief. After all.. don't they say that laughter is the best medicine. I started studying forex a while ago. I demo traded for nearly two years. I even demo traded with 500 USD and pretended it was real money. But this year after I opened a real account.. The greed and lack of patience really kicked my a$$. So took a break for several months. Read some books about economic indicators and books about trading psychology and more tecnical stuff. And the more I studied it made me realize that there is tons of information out there that I just don't know. I really enjoy the post about the fundamentals the most as the books that I have read on tecnicals make it sounds way over simplified. But I do think S/R is pretty cool. I can't afford to trade full time yet.. but I can dream about it. What I would like to see... is some of you super experience FX traders formulate an fx flow chart of money. And then somehow computerize it so that you could follow the money around the globe like some cool GPS tracking system. ha ha ha.... Wouldn't that be super freaking kick ass cool.
Anyways.. Merry Christmas to all and a very happy New Year from Taiwan.

I hope every makes great solid forcasts in the market!

Best regards to all,
Pair Me Up
Luck has no place in trading. Leave that for the poker table.
  • #351,309
  • Dec 23, 2010 11:48am Dec 23, 2010 11:48am
Quoting apt
Thanks, I really appreciate this post bro.

Truth of the matter is, a friend kept bragging about his wins and I decided to get into it.

However, instead of doing ANY READING, WHATSOEVER - I took at look at the charts and was like wow this is easy , it's just fucking lines.

Needless to say 60 days later, I blew $20,000. Yeah, fucking ridiculous.

So now I have this obsession to get it all back as quick as possible, and I am not sleeping, barely eating, and it's putting me in distress.

I've been doing a lot of reading, digesting as much information...


Sir.. take it from a beginner like myself - 7 months into Forex.

I'm trading from freaking Baghdad right now with lots of Marines over my shoulders wondering what that heck this is and looking at those candles bouncing up and down thinking it's some sort of long range monitoring device.


* Don't feel like you have to trade because the chart is in there.

* Do not get an immediate vendetta of the market due those 20 pips lost... trade within 2 minutes and you'll get burned again.

* In doubts.. don't get in.

* Read, read and read some more... I still have lots of questions that I would like to ask but sometimes I feel that I am disturbing them on asking such questions.

* Go with the Trend... period!

* My personality and lifestyle don't allow me to sit down but the PC at all times... I'm an intraday trader when I can. Get your 20/30 pips and out if you must.

* Also realised that London morning is the best... very rarely go for the US one. Don't like Mondays though and personally have no problem with Friday London session.

All of those above I have been through and got screwed... the only good advice I received before getting in this game was to demo before... But it was my choice after 2 months of Demo to go into a live account on a £0.10 per pip. It helped me to become more disciplined and become less reckless... as on demo instinctive you would know that money is not real.
Go for a paintball shooting in the trees/field and do it with a live one and you'll see what I mean.

For the record.. please do not take my advice on Demo accounts please. It's another subject and by all means do it for at least 3 months.
  • #351,310
  • Dec 23, 2010 11:52am Dec 23, 2010 11:52am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Arona
Sir.. take it from a beginner like myself - 7 months into Forex.

I'm trading from freaking Baghdad right now with lots of Marines over my shoulders wondering what that heck this is and looking at those candles bouncing up and down thinking it's some sort of long range monitoring device.


* Don't feel like you have to trade because the chart is in there.

* Do not get an immediate vendetta of the market due those 20 pips lost... trade within 2 minutes and you'll get burned again.

* In doubts.. don't get in.

* Read, read and read...
haha, I enjoyed your post.

I agree about the demo part, I tried it for a month and I found it silly. The mentality wasn't the same.

But I kind of took that same mentality to live. It's a learning process though, and I wouldn't still be doing this if I didn't think this could possibly be the best possible profession.

Still learning, and as long as there are great learning resources such as these, and people to connect with , then theres never room to stop learning and growing.

I too was in the military service, be safe!!
Best of luck to you.
  • #351,311
  • Dec 23, 2010 11:58am Dec 23, 2010 11:58am
Hey forex pro.. i'm sorry.. i'm using igmarkets and i have an fxcm account as well.. the UK chart you are talking about .. is it on EUR/USD or the GBP? i'm sorry haha abit of a muppet and your GMT time is standard right because it's in UK? cause i'm on an +800 hrs in SG.

Quoting Forexpro30
I hope no poster here will think that I am bragging or have a hidden agenda.

I sincerely enjoy posting live as I trade. I am of the Win Win School and I am wise most of the time and I have paid my dues. I have posted before on forex forums and I have seen it all. My style might not be your style.

However I surely do not enjoy insults or contests or people losing their money. I am not selling anything here.

I wish everyone a Happy Prosperous Holiday and New Year.

In closing the reason I came back to post this since I started posting near...
There is no royal road to anything.
  • #351,312
  • Dec 23, 2010 11:58am Dec 23, 2010 11:58am
Quoting Forexpro30
I hope no poster here will think that I am bragging or have a hidden agenda.

I sincerely enjoy posting live as I trade. I am of the Win Win School and I am wise most of the time and I have paid my dues. I have posted before on forex forums and I have seen it all. My style might not be your style.

However I surely do not enjoy insults or contests or people losing their money. I am not selling anything here.

I wish everyone a Happy Prosperous Holiday and New Year.

In closing the reason I came back to post this since I started posting near...
Thanks for your time and input. I for one am enjoying your viewpoint and please keep it up!

Merry Christmas to you and yours forexpro
  • #351,313
  • Dec 23, 2010 11:58am Dec 23, 2010 11:58am
Quoting buonvangvn
Happy Christmas and New Year

443 Traders Viewing This Thread (107 are members)...
happy xtmas happy new year
  • #351,314
  • Dec 23, 2010 12:02pm Dec 23, 2010 12:02pm
Whats with the spike?
Can anyone enlighten me?
Just wake up and saw mine got stopped
  • #351,315
  • Dec 23, 2010 12:05pm Dec 23, 2010 12:05pm
Quoting Leinadgnow
Hey forex pro.. i'm sorry.. i'm using igmarkets and i have an fxcm account as well.. the UK chart you are talking about .. is it on EUR/USD or the GBP? i'm sorry haha abit of a muppet and your GMT time is standard right because it's in UK? cause i'm on an +800 hrs in SG.

I was just pointing out the two big spikes down today at 3:00 AM and 11:00 AM which is basically London Open and Close and it is a Set Time each day. Knowing this is important to trade from as to Spikes BUT not all the time.
  • #351,316
  • Dec 23, 2010 12:06pm Dec 23, 2010 12:06pm
only eurousd pleasesssssssssssssssssssssssssssssssssssssssssssssssssss
finding A M S
  • #351,317
  • Dec 23, 2010 12:07pm Dec 23, 2010 12:07pm
Quoting Forexpro30
I was just pointing out the two big spikes down today at 3:00 AM and 11:00 AM which is basically London Open and Close and it is a Set Time each day. Knowing this is important to trade from as to Spikes BUT not all the time.

Thanks mate.. understood.. lol i had to work out the timing backwards.. counting manually ...
There is no royal road to anything.
  • #351,318
  • Dec 23, 2010 12:08pm Dec 23, 2010 12:08pm
Quoting Forexpro30
I was just pointing out the two big spikes down today at 3:00 AM and 11:00 AM which is basically London Open and Close and it is a Set Time each day. Knowing this is important to trade from as to Spikes BUT not all the time.
I am on EST or 6:09 GMT

Good Trading
  • #351,319
  • Dec 23, 2010 12:17pm Dec 23, 2010 12:17pm
Hey Cloggie, so about the HFT taking the bait, could you explain a little bit more on that? I'm new, but I'm keen to learn.

How does the wide spike up trigger the HFTs to start trading and what sort of actions do those models take? What sort of footprint does such behavior leave?

Where would the HFTs be taking this to? I know you said you mentioned this earlier, but I searched your posts and couldn't find it or if I did, it could be that I am too much of an amateur to get it.
  • #351,320
  • Dec 23, 2010 12:17pm Dec 23, 2010 12:17pm
Hey Hey Hey mates,

what the heck is going on here? Is this the habit which is to be shown prior to the holidays?

I clearly can state here, that a lot of you gambled with way too much money. Complacency? If all of you cry babies had a proper money management, you would be as cool as ice right now.

Come on, give hand and focus on the next trade. After the game is before the game.

This is a forum where pros and and newbies come together to share ideas, to learn, to discuss. And what was the problem right now (not that I really want to know it).

Can we return now to a civil tone? That would be great. And if you do not follow I will flood this forum with Elliott Waves LOL

Come on: Next move up or down?


Best to you all,

Markus
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