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  • #383,481
  • Feb 9, 2011 9:20pm Feb 9, 2011 9:20pm
if we do head south 3686 should be a support.. if it goes further 3646 and 3616 area,, dpp 3695
those who can, do. those who cant, talk about those who can
  • #383,482
  • Feb 9, 2011 9:26pm Feb 9, 2011 9:26pm
Quoting Magix
Can be an issue if you are a system trader and have doubts about the system...

Might just be a matter of gaining a little more confidence.

I don't hammer a button every time I take a trigger, I still cherry pick the hell out of my trades..

Call it a feel of sorts...again, not always right, but often enough to keep the wolves away from the door...
Yeah I tend to lean more towards the intuitive side, but am thinking that maybe a more mechanical approach is worth looking at, there were a few other reasons for thinking that was a good level, which now looks to be getting tested again in any case...

Actually just posted the chart to demonstrate the value of indies, that's not my regular market watching chart and I don't have that particular indi on my regular chart. Although in terms of 'providing an edge', it tends to be right substantially more often than it is wrong. However, obviously it needs to be read in context and as you say not in isolation...
  • #383,483
  • Feb 9, 2011 9:29pm Feb 9, 2011 9:29pm
Quoting FibbinArchie
Yeah I tend to lean more towards the intuitive side, but am thinking that maybe a more mechanical approach is worth looking at, there were a few other reasons for thinking that was a good level, which now looks to be getting tested again in any case...

Actually just posted the chart to demonstrate the value of indies, that's not my regular market watching chart and I don't have that particular indi on my regular chart. Although in terms of 'providing an edge', it tends to be right substantially more often than it is wrong. However, obviously...
I am starting to get some long signs here, but could just be the fakies...

Yeah, I had/have some issues with taking triggers...

If I miss em, no worries...can always find another trade, even for a couple of quick bones...

It's the panic press that gets ya in trouble...randomly hammering the button thinking it's been too long since I been in a trade.

Patience...still the Number 1 key to trading...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #383,484
  • Feb 9, 2011 9:33pm Feb 9, 2011 9:33pm
Quoting Magix
...If I miss em, no worries...can always find another trade, even for a couple of quick bones........
I appreciate this statement with my five wives.
The Thief of Wall Street
  • #383,485
  • Feb 9, 2011 9:34pm Feb 9, 2011 9:34pm
Quoting Chicky
I appreciate this statement with my five wives.
Damn Chicky,

You running a harem?

Send me the literature on this action!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #383,486
  • Feb 9, 2011 9:36pm Feb 9, 2011 9:36pm
Quoting Magix
I am starting to get some long signs here, but could just be the fakies...

Yeah, I had/have some issues with taking triggers...

If I miss em, no worries...can always find another trade, even for a couple of quick bones...

It's the panic press that gets ya in trouble...randomly hammering the button thinking it's been too long since I been in a trade.

Patience...still the Number 1 key to trading...
yeah, rather be out of a trade I wanna be in than stuck in one that I wanna be out of, cherry picking is defo the way forward...
  • #383,487
  • Feb 9, 2011 9:38pm Feb 9, 2011 9:38pm
Quoting Magix
Damn Chicky,

You running a harem?....
No, just five wives. My brother Prince Alhammaam AlSabun has a harem though......... about 37.
The Thief of Wall Street
  • #383,488
  • Feb 9, 2011 9:43pm Feb 9, 2011 9:43pm
Quoting suthmo
I have some stupid questions What is the mofu zone? And how does gator get those levels on his charts? Is this an indicator?
http://www.forexfactory.com/showpost...stcount=383055

Best I've got so far, definitely worth investigating, since gator manages to nail these levels on a pretty regular basis...
  • #383,489
  • Feb 9, 2011 9:46pm Feb 9, 2011 9:46pm
jeeze, that's another wasted few hours on a poxy non-moving asian sesh...

l8rz y'all...
  • #383,490
  • Feb 9, 2011 9:47pm Feb 9, 2011 9:47pm
Betting part of today's profits on first short of the week.

Is Yellow Dotted channel visible? if not, click on the chart.

ps. Don't click, nothing happens.
Attached Image
The Thief of Wall Street
  • #383,491
  • Feb 9, 2011 9:47pm Feb 9, 2011 9:47pm
Quoting SunTrader
True if it works that is all that matters.

Changes in the bid or ask do represents the tug of war in which direction price is moving.

Most times you can see if volume is rising on an upmove then it has strength and continues. If it doesn't most times at least a correction if not a complete reversal happens.

Same for downtrends.
Spot on, but do you use volume all the time though?
  • #383,492
  • Feb 9, 2011 9:51pm Feb 9, 2011 9:51pm
Quoting FibbinArchie
jeeze, that's another wasted few hours on a poxy non-moving asian sesh...

l8rz y'all...
Over night trades set. Getting close to bed time Really don't have any new trades for the night, save a short on the swissy. Small leverage, as I feel it is slightly more risky.

Still expecting more upside on the euro here... buttttt, not entering any orders for it. Gotta let her turn first.
  • #383,493
  • Feb 9, 2011 10:01pm Feb 9, 2011 10:01pm
mooooooooorning
Hero calls followed by margin calls...
  • #383,494
  • Feb 9, 2011 10:05pm Feb 9, 2011 10:05pm
Quoting Larseg
Also putting maths into the equation,
10 pip stop or profit = 10% taken from broker in spread
100 pip = 1% taken

51% winning system or 60% winning system... you choose...
This is actually wrong... Why didn't y'all correct me
Since you are buying & selling its twice as much in the spread...

So with a 10 pip TP level and a 1 pip spread = 70% is needed with a 1:1 risk reward system to go break even...

52% winners is needed with a 100 pip TP to break even...

I reckon most traders in here has around 20-30 as a TP level...
that would give us:
20 pips as TP level and you would need a 60% system to BE
30 pips as TP level and you would need a 56 % system to BE
50 pips as TP level and you would need a 54% system to BE
70 pips as TP level and you would need a 53% system to BE
500 pips as TP level and you would need a 50.4% system to BE

This is the real reason why you should trade long term, not that its easier...
  • #383,495
  • Feb 9, 2011 10:05pm Feb 9, 2011 10:05pm
LOL.....thanks good luck tomorrow


Quoting Piptaker
It ran me back up to -16 Pips so I bailed and cut my looses at around -16. I will just try to make it up tomorrow. That was totally unexpected so now I have sold after 6 hours it will now go even higher for you. HAHA Happy trading and many PIPS to you! Good Luck With Your Trade.
  • #383,496
  • Feb 9, 2011 10:06pm Feb 9, 2011 10:06pm
Quoting Chicky
No, just five wives. My brother Prince Alhammaam AlSabun has a harem though......... about 37.
Inserted Video
  • #383,497
  • Feb 9, 2011 10:08pm Feb 9, 2011 10:08pm
Quoting FibbinArchie
http://www.youtube.com/watch?v=Zw16aew4Pt0
Hero calls followed by margin calls...
  • #383,498
  • Feb 9, 2011 10:08pm Feb 9, 2011 10:08pm
So my super quantum wave future pa scope confirms we in the abc up target 3790 but this little shakeout is shown as dipping just under 3700 right now, but doesn't go as far as 3686 wich according to my main man Gator would be logical support. Guessing 3690 ish cant lock on to the pip until I get my new laptop friday. Guess we'll see. Already entered long at 3710 3686 is far from my usual 15 pip SL so I'm kicking myself for not waiting for the pullback.
Founder of Sutherland Wave Principle
  • #383,499
  • Feb 9, 2011 10:09pm Feb 9, 2011 10:09pm
Quoting Venice
Over night trades set. Getting close to bed time Really don't have any new trades for the night, save a short on the swissy. Small leverage, as I feel it is slightly more risky.

Still expecting more upside on the euro here... buttttt, not entering any orders for it. Gotta let her turn first.
10 pip range, doesn't want to go anywhere, frankie/london should give some direction...
  • #383,500
  • Feb 9, 2011 10:10pm Feb 9, 2011 10:10pm
Quoting adecleir
hi , im new here, just wondering is there any links to a direct live stream of Bernanke conference? Thanks

Yes. On my MT4 Trading Platform(Alpari NZ), I receive live feed of all Bernanke's live statement, same as for others like Tritchet. This i use to determine if they are hawkish or dovish. It has really helped me a lot.
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