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  • #355,921
  • Jan 1, 2011 3:18am Jan 1, 2011 3:18am
happy new year
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #355,922
  • Jan 1, 2011 5:17am Jan 1, 2011 5:17am
Wishing all a happy & prosperous 2011...
  • #355,923
  • Jan 1, 2011 5:24am Jan 1, 2011 5:24am
Quoting gatorinla
*LMFAO* i do... the direction of the ground.
Yes ... we hear you ... but prior to that may happen again ... it is time now to wish a happy new year 2011 to all ...

And we are enjoying the 'Neujahrskonzert 2011' from Vienna Philharmonic Orchestra which is broadcasted live atm in more than 70 Countries all over the World ...

1. Jenner 2011

http://www.wienerphilharmoniker.at/index.html


Ein Prosit Neues Jahr 2011 !





;-)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #355,924
  • Jan 1, 2011 6:46am Jan 1, 2011 6:46am
almost every year EuroUsd will go north like mad bull every end of each year. Please see your monthly chart from 2000 to 2010... maybe this time again?
  • #355,925
  • Jan 1, 2011 8:01am Jan 1, 2011 8:01am
Happy New Year!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,926
  • Jan 1, 2011 8:07am Jan 1, 2011 8:07am
Quoting Magix
Happy New Year!

same to u wise man lets make it a green year
  • #355,927
  • Jan 1, 2011 8:13am Jan 1, 2011 8:13am
Quoting kill56
same to u wise man lets make it a green year
With you there my brother!

I am with you there....

A personal wish of all good things to you and your family in this coming year my friend!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,928
  • Jan 1, 2011 8:40am Jan 1, 2011 8:40am
Quoting gatorinla
*LMFAO* i do... the direction of the ground.
Gatorinla.... what final price of all trading have you for EUR and GBP..

GBP is more important at this stage, I have 1.5501 GBP and 133.60.
Now you may say I am wrong as most brokers closing prices are different, but I show a littlle drop after most brokers closed. ( real market)

Thx and Happy new year to all
  • #355,929
  • Jan 1, 2011 9:15am Jan 1, 2011 9:15am
Quoting tonyo524
Just got in, market must be closed. stopped on previous trade. In short at 3400(top bollinger band) sl 3560 tp 3100, (middle bollinger) 3000, (bottom bollinger) 2500

Oh and for those jockriders that I was argueing with last night, it just dawned on me where I got that order placement mindset from. Had been doing it so long it slipped my mine. Jacko uses it in his anti hedge strategy. Except he uses it with 50 pips. If stopped out reenter same direction with trend, except 50 pips further than the stop. I didn't use the 50 pips, I used 10. Same...


Justification of loss is the first sign of weakness.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,930
  • Jan 1, 2011 9:32am Jan 1, 2011 9:32am
This is bouncing around in my head like the theme song to "It's a Small World" at Disneyworld, can I just try to clarify for my sanity..

Quoting tonyo524
...I'm in @3260 tp 2500 sl 3390, I have a pending sell at 3400 which sits at nice resistance on the daily, and is just past the top of the bollinger band.

Like I said before, I trade on weekly time frames. Have a good New Years!
Ok, you're short. I get that.

Quoting tonyo524
...I really don't like to go over a 200 pip sl on a weekly trade. On this particular trade I would rather be in from 3400 so if I get stopped out, I would hope to be rentered at 3400 which would allow me to go with another 160 pip sl but from a better position. It would be the same as if I was manually watching the trade, cut my losses now, and waited to reenter manually, except it takes the emotion, hesitancy, and all other factors out of it.
This is where I need to clarify-- you're stopped out on the short at 3390 then short again at 3400. Why not just give the market the 10 pips and stay short? By closing you hit your p&l and if it's open the loss isn't realized.

Quoting tonyo524
..In a martingale system one would simply add the extra trade. at 3400. Me, I'm cutting the previous trade and then reentering at a higher price as to not have 2 trades running. The new trade will have a stop loss at a much higher level. In regards to rr ratio. 160 sl to 600+ tp is good enough for me. Now if that's to hard to understand, I really don't see how I can make it any clearer..
Ok, but in reality, you still have the same trade/same position and the same loss - one loss is realized the other is 'open'. The point in that 'Martingale' system is to give you a higher average cost on the short- which you think you have but you don't -because it is as if you just forgot about the closed trade with the loss and are only focused on the new trade at 3400.

Like I said before, why not just leave the original short open and fugget about the 10 pip stop/ renter thing?

Again, I'm sure you know your stuff which is why I am trying to figure this fubar out. You refer to Cloggie as 'clownie' but I just have to say that his trades make sense to me......
  • #355,931
  • Jan 1, 2011 9:46am Jan 1, 2011 9:46am
Quoting Trendstar
Again, I'm sure you know your stuff which is why I am trying to figure this fubar out. You refer to Cloggie as 'clownie' but I just have to say that his trades make sense to me......


Much the same reason I questioned this logic. 10 pips? Really?

1st trade stopped out with -130...so, lets set an SL on the second one for 160....

Even in the utter Chaos that we trade in forex, there is typically some sort of discernible pattern. This strategy is a cluster fuck of nonsense that just adds to the confusion.

I think a lot of market new comers would have long lost their accounts before being able to figure this out....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,932
  • Jan 1, 2011 9:53am Jan 1, 2011 9:53am
Quoting Magix


Much the same reason I questioned this logic. 10 pips? Really?

1st trade stopped out with -130...so, lets set an SL on the second one for 160....

Even in the utter Chaos that we trade in forex, there is typically some sort of discernible pattern. This strategy is a cluster fuck of nonsense that just adds to the confusion.

I think a lot of market new comers would have long lost their accounts before being able to figure this out....
The euro will fart and move 20 pips and not even think twice about it.. we all know it and I'm sure he does too which adds to the confusion. If any broker or CTA traded client accounts with that logic his clients would be outraged..
  • #355,933
  • Jan 1, 2011 9:56am Jan 1, 2011 9:56am
Quoting Trendstar
The euro will fart and move 20 pips and not even think twice about it.. we all know it and I'm sure he does too which adds to the confusion. If any broker or CTA traded client accounts with that logic his clients would be outraged..
I am short biased all around with the Euro right now, but the 'moves' you are talking about were 'December thin market' moves.

I don't think the erratic moves will last more then 1 more week.
  • #355,934
  • Jan 1, 2011 9:59am Jan 1, 2011 9:59am
Quoting Trendstar
The euro will fart and move 20 pips and not even think twice about it.. we all know it and I'm sure he does too which adds to the confusion. If any broker or CTA traded client accounts with that logic his clients would be outraged..
But this is what Jacko does....didn'tcha read?



He doesn't trade with my cash and I am still offended by this.

To each his own...

An adaptation to any strategy that looks like a blind bet thrown into market with a wide enough sweep is bound to find a few winners. But based on what I have read through, that's about the best this is...A coin toss trade...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,935
  • Jan 1, 2011 10:04am Jan 1, 2011 10:04am
Quoting mikej2010
I am short biased all around with the Euro right now, but the 'moves' you are talking about were 'December thin market' moves.

I don't think the erratic moves will last more then 1 more week.
Were not so much talking about the general long term trend as the idea of having one order stop out for 130 pips and setting another one 10 pips above.

His first order was short @ 3260, sl 3390, with a pending short set @ 3400...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,936
  • Jan 1, 2011 10:11am Jan 1, 2011 10:11am
Quoting kill56
same to u wise man lets make it a green year
happy new year, green year,, green pips,,
only an analysis, and I'm always wrong, don't follow me,
  • #355,937
  • Jan 1, 2011 12:23pm Jan 1, 2011 12:23pm
Quoting mikej2010
Trust me you don't, I use the fibs & fans all my intraday trading, atleast 10-20 trades a day go to the success of those?

7ma, 13ma fibs & trend is all one needs.

How do you measure love?
Hi there Mikej.Still not a very experienced user of the fib fan here.
If its ok to ask; for those ma's, are they ema's or sma's

Cheers
  • #355,938
  • Jan 1, 2011 1:00pm Jan 1, 2011 1:00pm
Quoting Magix
Were not so much talking about the general long term trend as the idea of having one order stop out for 130 pips and setting another one 10 pips above.

His first order was short @ 3260, sl 3390, with a pending short set @ 3400...
Oh well yeah, you are right , I have had a short open for a while now, and off and on since 1.4x area so I am in the green, my sl is 1.3500 at the moment.

Would I close the trade at 1.3490 to short again at .3500? Hell no
  • #355,939
  • Jan 1, 2011 1:06pm Jan 1, 2011 1:06pm
I would not be surprised to see some initial weakness early next week:

Eurusd 1h chart

And hi by the way.
  • #355,940
  • Jan 1, 2011 1:15pm Jan 1, 2011 1:15pm
How to use the fib fan in MT4?
Good day, I'm okay. Bad day, I'm okay. What's the difference?
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