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  • #366,761
  • Jan 18, 2011 4:13am Jan 18, 2011 4:13am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting Vilgax
beautiful 4 hour chart :-))

Bailed at 1.3420 / don't feel like doing the chicken dance right now. Banked 120 pips today so v. happy.

Plus there's New York later... GL all
The forex market has its own life and takes its own time.
  • #366,762
  • Jan 18, 2011 4:14am Jan 18, 2011 4:14am
Hi guys..

This was unexpected for me... I thought 3384 would tap that hmm..

Well was trading asia last night so woke up late and missed the long setups...
Had yesterday a short at 3275 closed half for 14 pips and left the other run but hit sl at be...


Thinking under 3396 for a sell... looks like a top is forming..
  • #366,763
  • Jan 18, 2011 4:15am Jan 18, 2011 4:15am
Quoting Vladimir1987
Hi guys..

This was unexpected for me... I thought 3384 would tap that hmm..

Well was trading asia last night so woke up late and missed the long setups...
Had yesterday a short at 3275 closed half for 14 pips and left the other run but hit sl at be...


Thinking under 3396 for a sell... looks like a top is forming..
i shorted 3300 i'll keep shorts.
but 3500 might be in play. i see eu at 3200 this week anyway.

lets wait.
Hero calls followed by margin calls...
  • #366,764
  • Jan 18, 2011 4:16am Jan 18, 2011 4:16am
thanks, has the news truely worked for you ......



Quoting sisse
lol. I like your simplistic approach ... good luck with it.

All good numbers in Germany and Europe.... hawkish ECB comments last week are very clear now.

sisse
  • #366,765
  • Jan 18, 2011 4:16am Jan 18, 2011 4:16am
Quoting Pipwanderer
short 3411 sl be.
added to my short 3415
  • #366,766
  • Jan 18, 2011 4:17am Jan 18, 2011 4:17am
Quoting grashid
anybody still long?...orait let going to my next phase ..which is my TP2..then i am out and will focus on my GY and EY ....

good luck guys

g
Ofcourse not...I wont buy resistance. Also ATR overshooted above its projection.

Im ok with usdchf trade from early morning.
  • #366,767
  • Jan 18, 2011 4:17am Jan 18, 2011 4:17am
Quoting PhAnTi'
i shorted 3300 i'll keep shorts.
but 3500 might be in play. i see eu at 3200 this week anyway.

lets wait.
Yap, after dust settles
Mind over matter..I don't mind and you don't matter.
  • #366,768
  • Jan 18, 2011 4:19am Jan 18, 2011 4:19am
Quoting sisse
In simple words wrong fundamentals (timing). This move from a fundamental point of view has nothing to do (or very little) with debt crisis. That's "old" news already digested and rejected on your chart (the fear part of the move down...the other is still there an it will cap any move above 1.40xx).

Since last week we are playing inflation and interest rates expectations (check UK inflation today ...) and to the more short term earning season in the US.

sisse
Thanks sisse. This stuff is still hard to get my hear around!
A pip is only worth it if you know how much you risked to earn it
  • #366,769
  • Jan 18, 2011 4:21am Jan 18, 2011 4:21am
Contributing for the first time.
Chart:
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  • #366,770
  • Jan 18, 2011 4:22am Jan 18, 2011 4:22am
Quoting T@rantula
Ofcourse not...I wont buy resistance. Also ATR overshooted above its projection.

Im ok with usdchf trade from early morning.
Did you close usd/chf trade
it bounced back from 9558
  • #366,771
  • Jan 18, 2011 4:27am Jan 18, 2011 4:27am
Well once you do know what you are doing.

After knowing what the market is doing.

Then it is discipline.discipline. discipline.

The swings give the strategy and only expected targets give expected supports for breakouts. Rounding off saves lives.

Listen to your alter ego.....Then Understand him.....he is saying something.....or better just leave it to system......
  • #366,772
  • Jan 18, 2011 4:27am Jan 18, 2011 4:27am
Quoting vlady1974
Thanks sisse. This stuff is still hard to get my hear around!
Sure. I meant implying that fundamental analysis and trading is easier is as false as saying that 90% of the traders in FF make a killing everyday.

It's not easy as in with any other trading tools it take time, effort and consistency to make it worth (that why the majority refuse and oversee fundamentals by default) and it always get confused with the news speculative part of the move (which almost all the time has nothing to do with macro fundamental direction)

In any case, IMO fundamentals is always a good tool to master or at least understand the basics especially if you are not scalping or daytrading below H4.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #366,773
  • Jan 18, 2011 4:31am Jan 18, 2011 4:31am
Quoting grashid
anybody still long?...orait let going to my next phase ..which is my TP2..then i am out and will focus on my GY and EY ....

good luck guys

g
Attached Image (click to enlarge)
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Verily, in every difficulties there is relief
  • #366,774
  • Jan 18, 2011 4:32am Jan 18, 2011 4:32am
Bullish view at moment .
1) japan ,china,russia supporting euro.
2) few good bond auctions another one today spain.
3) oil is up .75%
4) china worried about the trillions of dollars they have losing value.
5) Yesterday i noted large orders getting filled at 2980-3000 level we spent a long time at that level building positions the result being a 150 pip move up so far.
6) broke the lows of the range with a move to 2850 and spent all last week reversing it in a bull run.

Based on the above short term i see us at least testing 3500,possibly higher.
making green pips large and red pips small this is my goal.
  • #366,775
  • Jan 18, 2011 4:33am Jan 18, 2011 4:33am
Quoting sisse
Sure. I meant implying that fundamental analysis and trading is easier is as false as saying that 90% of the traders in FF make a killing everyday.

It's not easy as in with any other trading tools it take time, effort and consistency to make it worth (that why the majority refuse and oversee fundamentals by default) and it always get confused with the news speculative part of the move (which almost all the time has nothing to do with macro fundamental direction)

In any case, IMO fundamentals is always a good tool to master or at least understand...
well said
  • #366,776
  • Jan 18, 2011 4:33am Jan 18, 2011 4:33am
you can trust fundamentals as much as you can trust BUSH or the Central Bank


Quoting sisse
Sure. I meant implying that fundamental analysis and trading is easier is as false as saying that 90% of the traders in FF make a killing everyday.

It's not easy as in with any other trading tools it take time, effort and consistency to make it worth (that why the majority refuse and oversee fundamentals by default) and it always get confused with the news speculative part of the move (which almost all the time has nothing to do with macro fundamental direction)

In any case, IMO fundamentals is always a good tool to master or at least understand...
  • #366,777
  • Jan 18, 2011 4:40am Jan 18, 2011 4:40am
its going north with momentum for 2 weeks now, personally im scared to short this market, ill feel much more comfortable with buying.
We are in quite strong ressistance area though.
  • #366,778
  • Jan 18, 2011 4:43am Jan 18, 2011 4:43am
Quoting grandpost
you can trust fundamentals as much as you can trust BUSH or the Central Bank
If the name game of the game is trust ... I don't trust in anything and anybody in trading just my statistical edge on my trading plan as long as it works.

So sure Central Banks and etcs are as trustworthy as your bucket shop broker miscalculating indicators or spreading you out of a trade or the non sense TL and magic numbers we sometimes we traders use to pull the trigger or analyze direction. In simple words it's your statistical edge that makes the difference not the tools you are using. In your case is clear that you "hate" fundamentals. Well good for you as long as you make money. IMO, There is no right or wrong approach in trading.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #366,779
  • Jan 18, 2011 4:46am Jan 18, 2011 4:46am
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Down to 1.3370
  • #366,780
  • Jan 18, 2011 4:46am Jan 18, 2011 4:46am
Quoting sisse
If the name game of the game is trust ... I don't trust in anything and anybody in trading just my statistical edge on my trading plan as long as it works.

So sure Central Banks and etcs are as trustworthy as your bucket shop broker miscalculating indicators or spreading you out of a trade or the non sense TL and magic numbers we sometimes we traders use to pull the trigger or analyze direction. In simple words it's your statistical edge that makes the difference not the tools you are using....
thats the key statement of the week i guess. Talked about that yesterday all day long here in the eu thread.

DO YOU THING, if you dont be succesful come to ff.com and increase your knowledge, but stick to ur set ups and ur line.
Hero calls followed by margin calls...
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