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  • #352,121
  • Dec 27, 2010 1:23am Dec 27, 2010 1:23am
trying to follow that now.. was following way too many charts and making a mess of things.. i had a winning strategy.. but i tried my hands into too many indicators and now i'm down from 1.31168 to here at 0.05 contracts.. not that bad so i will just ride it out... Read cloggie's posts all the way back as well as this thread B.R.V by ironman .. can't really figure out all the stuff though.. so im practicing as i go along...
There is no royal road to anything.
  • #352,122
  • Dec 27, 2010 1:24am Dec 27, 2010 1:24am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Magix
Learning is good, can be expensive to be on the wrong side, but if ya learned something from it, money well spent.
  • #352,123
  • Dec 27, 2010 1:25am Dec 27, 2010 1:25am
0.5 i meant sorry lol
There is no royal road to anything.
  • #352,124
  • Dec 27, 2010 1:28am Dec 27, 2010 1:28am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Leinadgnow
trying to follow that now.. was following way too many charts and making a mess of things.. i had a winning strategy.. but i tried my hands into too many indicators and now i'm down from 1.31168 to here at 0.05 contracts.. not that bad so i will just ride it out... Read cloggie's posts all the way back as well as this thread B.R.V by ironman .. can't really figure out all the stuff though.. so im practicing as i go along...
Yeah, I'm just starting to find my comfort zone.

Like Magix said however, was quite an expensive learning experience for me.

I use M15 bar and H1 bar chart.

Candles are contradicting at times, especially if you're not a long term trader.

The most important thing to trading however, is timing. Forget everything else.

If you damn well know that the Asian session retraces 40 pips, and sits in a range for 4 hours between 10-20 pips, then is pushed up another 30 pips during Frankfurt 80% of the time, then TRADE IT.

Scalp it, do whatever you have to do.

Take profit, even if you missed out on another 20 pips, who cares, never give anything back.

Sit back out, wait for London session to decide where it's going to go for the next 80-100 pips, and ride the chunk of it. Make sure you spot a 100% movement, and take 40-60 pips.

Turn off your computer, and repeat the next day.
  • #352,125
  • Dec 27, 2010 1:29am Dec 27, 2010 1:29am
lets c if the 15m closes below 3157
those who can, do. those who cant, talk about those who can
  • #352,126
  • Dec 27, 2010 1:30am Dec 27, 2010 1:30am
looking at the futures contract and there's someone holding it down at 3160. might see a wee spurt up once that is cleared.
  • #352,127
  • Dec 27, 2010 1:32am Dec 27, 2010 1:32am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
btw right here, we haven't seen 1.3176 touched yet, btw when I mention numbers, they're MY numbers.

Don't ever go by what other people swear by, remember it's just their own chart. Chart your own pivot points, fib, trend lines etc.

Anyways, for me resistance and support points have a 5-10 pip discrepancy, we could've reached the high if short is in order.

I would short here after a break of 1.3149 after London open.
  • #352,128
  • Dec 27, 2010 1:34am Dec 27, 2010 1:34am
Quoting gatorinla
lets c if the 15m closes below 3157
Any idea what will happen if m15 closes below 1.3157? How you calculate the price 3157?
In forex, one currency is always up!
  • #352,129
  • Dec 27, 2010 1:34am Dec 27, 2010 1:34am
up and running

wise man u told me soo
  • #352,130
  • Dec 27, 2010 1:34am Dec 27, 2010 1:34am
thought about what u said and it's true.. K.I.S.S ... thanks.. i will try to upload my chart screen so all those PA people like snatch.. you and a few others can guide me as i go along.. not expecting a free handout and i will do my homework.. but i would greatly appreciate some guidance.. i have issues with uploading screen shots.. not sure why...
There is no royal road to anything.
  • #352,131
  • Dec 27, 2010 1:35am Dec 27, 2010 1:35am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting kidspips
Any idea what will happen if m15 closes below 1.3157? How you calculate the price 3157?
No disrespect to gator, but don't ever go by these fucking magic numbers.

They don't exist.

No chart anywhere in the world is going to go one way or another because it closed above or under a number.

Just use a number as a pivot point for a general range. I see them as a magnetic range so to speak.

No close within the next 25 minutes is going to guarantee anything. You need to wait for London.
  • #352,132
  • Dec 27, 2010 1:37am Dec 27, 2010 1:37am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Leinadgnow
thought about what u said and it's true.. K.I.S.S ... thanks.. i will try to upload my chart screen so all those PA people like snatch.. you and a few others can guide me as i go along.. not expecting a free handout and i will do my homework.. but i would greatly appreciate some guidance.. i have issues with uploading screen shots.. not sure why...
Anyone who is successful in anything in the world, and doesn't share their success is full of it.

We should all be sharing everything.
  • #352,133
  • Dec 27, 2010 1:37am Dec 27, 2010 1:37am
Quoting apt
No disrespect to gator, but don't ever go by these fucking magic numbers.

They don't exist.

No chart anywhere in the world is going to go one way or another because it closed above or under a number.

Just use a number as a pivot point for a general range. I see them as a magnetic range so to speak.

No close within the next 25 minutes is going to guarantee anything. You need to wait for London.
I am waiting for it. The session will start after 23 minutes. Can you tell how we can get idea about today's movement after London opening?
In forex, one currency is always up!
  • #352,134
  • Dec 27, 2010 1:39am Dec 27, 2010 1:39am
Quoting kill56
up and running

wise man u told me soo
Lucky guess killer..

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #352,135
  • Dec 27, 2010 1:40am Dec 27, 2010 1:40am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting kidspips
I am waiting for it. The session will start after 23 minutes. Can you tell how we can get idea about today's movement after London opening?
No, I'm not a fortune teller. I am just trying to learn to ride the wave as much as the next guy.

Right here we are seeing some resistance, and hell who knows, this could drop 40 pips right now before London session.

And you would be fucking pissed.

But guess what, it's terrible trade practice. 9 times out of 10 , London decides. We can't get greedy.

I'm starting to make back my money, you want to make money?

Don't ever speculate which way a currency is going. Who cares. Your job is to profit off that currency rallying to all time highs, or all time lows.

The moment we sit here like all these cannon fodding animals on these forums, and use our psychic abilities to say Euro is going to parity, is the moment we let our personal beliefs dictate our trades.

And like me, is the moment you lose A LOT of money.
  • #352,136
  • Dec 27, 2010 1:43am Dec 27, 2010 1:43am
wise man

dam the wrong chart
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  • #352,137
  • Dec 27, 2010 1:44am Dec 27, 2010 1:44am
Quoting apt
No disrespect to gator, but don't ever go by these fucking magic numbers.

They don't exist.

No chart anywhere in the world is going to go one way or another because it closed above or under a number.

Just use a number as a pivot point for a general range. I see them as a magnetic range so to speak.

No close within the next 25 minutes is going to guarantee anything. You need to wait for London.
oh really. you just started trading. right? well i didn't. i go with probability. everything has a reason. .. even if one style of trading does not see it or understand it. should i give it back? mapa is a mofo.... so are algs.. #319631
those who can, do. those who cant, talk about those who can
  • #352,138
  • Dec 27, 2010 1:45am Dec 27, 2010 1:45am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
I'm so eager to short right here, especially since it looks like it's heading below my big number of 1.3149.

But that's no good.

Even if I lose out on a potential 20 pips, I rather see a clean break and a London open.

If you get in here and make profit, good for you. Just sharing
  • #352,139
  • Dec 27, 2010 1:46am Dec 27, 2010 1:46am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting gatorinla
oh really. you just started trading. right? well i didn't. i go with probability. everything has a reason. .. even if one style of trading does not see it or understand it. should i give it back?
You can do what you want.

I was sharing my personal insight with him. And he can also do what he wants.

But a candle closing at 1M, 15M, or 1H, doesn't have a cosmic attachment to it.

It's just the end of a time frame. And the only timeframe that matters are Market Opens and Closes.
  • #352,140
  • Dec 27, 2010 1:46am Dec 27, 2010 1:46am
Quoting apt
and a London open.
you might want to consider that London is on holiday today....
Look Sharp/Trade Tight
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