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  • #352,061
  • Dec 26, 2010 11:21pm Dec 26, 2010 11:21pm
Quoting malcolmb14
lets see ....

no real market... asia to boot...

why the hell do so called scalpers trade these kind of markets and then wonder why at end of year they loose money...

why is easy ..bad habits.

sorry just though I would comment on this. Not picking on you , but there are tons of newbie traders in here that may think it is ok to trade now and wonder why , in the long run they do not make anything. Market will be here for next 365 days in regular nice 120 pip range days .
I'm trading small positions right now to try to improve my trading skills. Due to the thin markets, the probability of something unforeseen moving the market in an unexpected direction is increased. I'm aware of that.
How small was my position? Approximately 3:1 leverage. 17 pips netted me .38%.

I got back into trading FOREX again on 9 Nov and am well in the green. I've had some great days and some lousy days.
My last trade in any asset class prior to 9 Nov was on 26 July so I've already taken a lot of time off to take care of some personal life events.

Quite frankly, I do have concerns that I'm picking up bad habits by trading in the holiday markets, but I do a daily post mortem on my trades to try to improve in the future. Should the techniques that I'm successfully using not work after the holidays, I'll try to readjust my techniques fairly quickly.
  • #352,062
  • Dec 26, 2010 11:25pm Dec 26, 2010 11:25pm
hey flyjetzz, what TF are you scalping off of? thanks in advance PTL....
Look Sharp/Trade Tight
  • #352,063
  • Dec 26, 2010 11:29pm Dec 26, 2010 11:29pm
Quoting iflyjetzzz
Quite frankly, I do have concerns that I'm picking up bad habits by trading in the holiday markets, but I do a daily post mortem on my trades to try to improve in the future. Should the techniques that I'm successfully using not work after the holidays, I'll try to readjust my techniques fairly quickly.
The charts are the same during the holidays jetz, only the ranges are smaller.

If your only looking for a couple of quick grabs, they can still be found.

I think mal would be more concerned that the folks trading this shit get caught in one of them 10 pip 10 hour channels...really, as hard as it can be to figure out direction, figuring out when volume will stop is even harder.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #352,064
  • Dec 26, 2010 11:30pm Dec 26, 2010 11:30pm
[quote=malcolmb14;4266490]1) life is NOT A DRESS REHEARSAL ( I only post in here when having down time these days). forex can and will take over and destroy your life including relationships ( i have lost one marriage due to being a slave to trading) , health and due to the fact that most loose financial status also as lets face it , stats say 90% do not make it.

..the sleeping single in a double bed routine.. ahh yes been there and done that, part of the reason I use hourly charts now.. g'nite
  • #352,065
  • Dec 26, 2010 11:32pm Dec 26, 2010 11:32pm
Right back to daily roll...now, will it be the hold and move on up or crumble and drop like an effin stone?

http://www.forexfactory.com/showpost...stcount=352185
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 62 KB
Click to Enlarge Name: eudayr.jpg Size: 64 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #352,066
  • Dec 26, 2010 11:35pm Dec 26, 2010 11:35pm
Quoting PayTheLimit
hey flyjetzz, what TF are you scalping off of? thanks in advance PTL....
I've found that for my feeble cranium case, M1 works pretty good for me to see patterns. I look at S/R and PP in advance so I have an idea where I'm expecting to see upward and downward movements. I use this website and look at S/R and PP in multiple timeframes: http://www.actionforex.com/markets/p...2010040848154/ Thanks to whomever posted that link; it's been very handy for me.
Since everyone's wired differently, I don't post much about my analysis or trades, as I may very well be doing things incorrectly.
I'm definitely not saying that I'm good at FOREX, more like lucky. But I'd rather be lucky than good.
  • #352,067
  • Dec 26, 2010 11:41pm Dec 26, 2010 11:41pm
am i reading it correctly? current 1163 is the support .. if that drops the next target would be 1134 mid price.. and if that goes.. 1307++ could be seen...
There is no royal road to anything.
  • #352,068
  • Dec 26, 2010 11:41pm Dec 26, 2010 11:41pm
Quoting iflyjetzzz
I've found that for my feeble cranium case, M1 works pretty good for me to see patterns. I look at S/R and PP in advance so I have an idea where I'm expecting to see upward and downward movements.
Since everyone's wired differently, I don't post much about my analysis or trades, as I may very well be doing things incorrectly.
I'm definitely not saying that I'm good at FOREX, more like lucky. But I'd rather be lucky than good.
I hear you on all counts brother. Everyone has, or finds their style. I have been a short term trader for the most part since I could remember. You find alot of people here that look down on short term TF's, but I could give a hoot. Have you tried using M2, or M3 at all to filter out some noise?
Look Sharp/Trade Tight
  • #352,069
  • Dec 26, 2010 11:45pm Dec 26, 2010 11:45pm
mapa gives a big drop of 500 pips with a close below 3030 area. atm 3032 .. the same target as last weeks predictive. but until 3032 (close 3026) area will be support... 2969 is the low.. but the month close is 2982. year close for a confirmation is 2804.
those who can, do. those who cant, talk about those who can
  • #352,070
  • Dec 26, 2010 11:49pm Dec 26, 2010 11:49pm
Quoting PayTheLimit
I hear you on all counts brother. Everyone has, or finds their style. I have been a short term trader for the most part since I could remember. You find alot of people here that look down on short term TF's, but I could give a hoot. Have you tried using M2, or M3 at all to filter out some noise?
No, I haven't tried M2 or M3. I just looked through my chart sources and can't find a way to pull one up. They just go from M1 to M5. What's your chart source?
Thanks in advance.
  • #352,071
  • Edited Dec 27, 2010 12:16am Dec 26, 2010 11:50pm | Edited Dec 27, 2010 12:16am
the last wave up apparently an impulse , of the bear , waiting it end.
fontu

negligible & unrealiable d it continues up strong that is may fail at early too , 3137,39 & 51 there at top.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #352,072
  • Dec 26, 2010 11:52pm Dec 26, 2010 11:52pm
Quoting malcolmb14
I hope you do not believe that fat finger bullshit. There is no billion button....

GS sunk the market as they were being investigated by sec at the time and there was talk of 100's of million in fines... it was a hey feds /sec if you do not do what we want we can do this.....guess what the story dropped out of news and i think they were fined 20 million ( a mere 30 min work for gs). Of course the 20 mill was agreed upon by gs and saved secs face / reputation
All that is left in FF is just plain garbage. "Cloggie"
  • #352,073
  • Dec 26, 2010 11:53pm Dec 26, 2010 11:53pm
Quoting Leinadgnow
am i reading it correctly? current 1163 is the support .. if that drops the next target would be 1134 mid price.. and if that goes.. 1307++ could be seen...
Here were my thoughts from earlier...
http://www.forexfactory.com/showpost...stcount=352146

Quoting Magix
Here is my hourly fwiw killer...

I see that we have held long support on the hourly and triggered with the nolag.

Holding above daily roll support could show the 200EMA hourly as our topside target.

MACD is negative and improving and stoch settings have crossed for longs...

I'm still sitting sidelines, but if I was going to take a trade, I think I would be looking for daily roll to be tested for support and trigger longs again...

Chart 1, forecast from previous post.
Chart 2, current...

As long as we are above daily roll, we have a chance at hourly resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: hourly.jpg Size: 144 KB
Click to Enlarge Name: euhourly.jpg Size: 131 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #352,074
  • Dec 26, 2010 11:56pm Dec 26, 2010 11:56pm
Quoting iflyjetzzz
No, I haven't tried M2 or M3. I just looked through my chart sources and can't find a way to pull one up. They just go from M1 to M5. What's your chart source?
Thanks in advance.

I use MT4, I used 2/3 min charts years ago when I traded S&P's and for me at least it made a big difference in my P/L. Its been having the same effect with my EUR trading. Another filter I have been using is trading for a more limited time. Right now I am trading the London open plus 3hrs. No more 8/12 hour sessions for me. Anyway what ever works for you brother, just food for thought. GL, PTL
Look Sharp/Trade Tight
  • #352,075
  • Dec 27, 2010 12:06am Dec 27, 2010 12:06am
Quoting PayTheLimit
I use MT4, I used 2/3 min charts years ago when I traded S&P's and for me at least it made a big difference in my P/L. Its been having the same effect with my EUR trading. Another filter I have been using is trading for a more limited time. Right now I am trading the London open plus 3hrs. No more 8/12 hour sessions for me. Anyway what ever works for you brother, just food for thought. GL, PTL
Thanks; I'll look into it further.
As far as the amount of daily time I devote to FOREX, I'm recently retired from the military (drawing a pension). I got hired by United Airlines in 2000, but have been laid off from them for the last year and a half; probably won't be recalled until ~2013.
At this point, I can get a regular day job (I don't need the income) or trade FOREX (or other asset classes) when I want to. Right now, I spend a decent amount of time trading, but am scaling down a bit. It's nice to be able to do whatever I want (work out, drive to wife's work and have lunch with her, shopping, etc) whenever I want rather than being subjected to an employer's schedule. I'm still figuring out the best times of day to trade, but they've been talked about in this thread multiple times - I just need to figure out which daily times work well with my trading style.
If I don't achieve my profit targets, I'll quit trading and find something else to do with my time.
  • #352,076
  • Dec 27, 2010 12:08am Dec 27, 2010 12:08am
Quoting PayTheLimit
resistance above at 3139 and 3159, support down below 3060/3067, good luck, PTL
I'm watching the same levels from a couple of days ago, I'm sure most people are....
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 30 KB
Look Sharp/Trade Tight
  • #352,077
  • Dec 27, 2010 12:16am Dec 27, 2010 12:16am
short it now。
A chart helps those who can read it.
  • #352,078
  • Dec 27, 2010 12:20am Dec 27, 2010 12:20am
Quoting iflyjetzzz
I'm still figuring out the best times of day to trade, but they've been talked about in this thread multiple times - I just need to figure out which daily times work well with my trading style.
Well in my opinion London is the best time to trade. But when you have to get up at 2/3am to do it, it can suck big time. What did you fly for UA?
Look Sharp/Trade Tight
  • #352,079
  • Dec 27, 2010 12:21am Dec 27, 2010 12:21am
Quoting geniusztc
short it now。
ok , any reason to do it now ? you may do it silently without telling us to do without a reason .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #352,080
  • Dec 27, 2010 12:23am Dec 27, 2010 12:23am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting geniusztc
short it now。
Wait for 1.3145 - 1.3149.
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