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  • #390,801
  • Feb 18, 2011 8:16pm Feb 18, 2011 8:16pm
Quoting pkimnyc
i thought your doctor said no trading...
She gave me an option, Trading or Drinking, but not both. I do trade now since late August 2010.

She stopped me from trading last year for more than three months. At that time trading seemed to interfer with my drinking.
The Thief of Wall Street
  • #390,802
  • Feb 18, 2011 8:19pm Feb 18, 2011 8:19pm
Quoting Chicky
She gave me an option, Trading or Drinking, but not both. I do trade now since late August 2010.

She stopped me from trading last year for more than three months. At that time trading seemed to interfer with my drinking.
i would have chosen drinking.... but that's just me.
  • #390,803
  • Edited 8:35pm Feb 18, 2011 8:24pm | Edited 8:35pm
Quoting infinitus
I had not anticipated this sharp rise today and it was pure luck, that I got out with small profit (but not worth the time). Had an trailing stop and took a shower as I was sure that it was only a small wave 4. At this bottom level today I had sell orders in the estimated wave 4 to load up in the wave 4 pullback which impacted my result very negatively in that situation.

I was so sure about the count. Well, another lesson to learn....
Why not mark 1.18xx as wave#4 on weekly then do the count for wave#5 UP!

either its still in wave#2 or wave three has started.(if there is a rush). Its hard to imagine US $ GOING to 0...........

By the way as of friday in 1 MIN or 5 Min chart there is still last wave UP is left to go . Friday close is wave#4 or WaveB. This Bit**h aint going down before touching 1.3733 at with extension upto 1.3786.IMO.

You can label that as wave A at 1.3743... wave B at 1.3428 .. wave C at 1.3486 MAX.IMO.

And an impulse to 1.3508 can be labelled as Wave#1 or A.

I dont have the access to the charts otherwise I would explain!!

Above 1.3786 it is something else. and definately if above 1.3860 wave #1 of big #3.( daily chart)
Markets are not Random, they are designed!
  • #390,804
  • Feb 18, 2011 8:29pm Feb 18, 2011 8:29pm
Quoting pkimnyc
i would have chosen drinking.... but that's just me.
I like trading more than drinking, even sex. You don't have to do nothin', just wait for right set-up that never developed in my life. I realize how good or bad a set-up was only after making or losing some money. Held shorts for two days and finally closed last night at 1/2% loss. It was a bad set-up.
The Thief of Wall Street
  • #390,805
  • Feb 18, 2011 8:35pm Feb 18, 2011 8:35pm
Quoting Chicky
I like trading more than drinking, even sex. You don't have to do nothin', just wait for right set-up that never developed in my life. I realize how good or bad a set-up was only after making or losing some money. Held shorts for two days and finally closed last night at 1/2% loss. It was a bad set-up.
in drinking, everything is good set up. all you have to do is drink, bad set ups eventually turns to good set up. only downside is... when you sober next day to realize how much you've lost and there was no sl, but you can drink again to make that problem go away.
  • #390,806
  • Feb 18, 2011 8:39pm Feb 18, 2011 8:39pm
PK which wave are you in NOW /
Markets are not Random, they are designed!
  • #390,807
  • Feb 18, 2011 8:40pm Feb 18, 2011 8:40pm
Quoting Raza
PK which wave are you in NOW /
euro or geppy?

if you are asking euro then c wave up.
geppy = super c wave up.

maybe i'm drunk.
  • #390,808
  • Feb 18, 2011 8:42pm Feb 18, 2011 8:42pm
Quoting pkimnyc
euro or geppy?

if you are asking euro then c wave up.
geppy = super c wave up.
I am talking about YOU...

I am in some correctional Wave.(jk)
Markets are not Random, they are designed!
  • #390,809
  • Feb 18, 2011 8:43pm Feb 18, 2011 8:43pm
Quoting Raza
I am talking about YOU...

I am in some correctional Wave.(jk)
then, i guess i'm trending = go with the flow. lol
  • #390,810
  • Feb 18, 2011 8:49pm Feb 18, 2011 8:49pm
Quoting pkimnyc
then, i guess i'm trending = go with the flow. lol
LOL..

Sure it looks like Wave C up ( 4 Hr or daily TF)

BUT..

Euro may cause some drama next week or so..again.

This wave UP from 1.3428 was not an impulse . and was rather painful.. looks corrective... to me.

it was not impulsive as it should be in Wave#1 up of whatever wave3 - 5 whatever... Right. so

There has to be a good retrace. or at least some range or Triangle before a Breakout.

WHAT DO YOU THINK? I am ready to sell this Big at 1.377-86 level stop only 10 pips for a good swing down.. above that I will look to Buy.
Markets are not Random, they are designed!
  • #390,811
  • Feb 18, 2011 8:52pm Feb 18, 2011 8:52pm
Quoting Larseg
If you look at her results you see that she doesnt do anything special, she has a big drawdowns before she tkes a small win or a small loss.

http://www.bktraderfx.com/site/wp-co...port051508.pdf

This strategy is probably something you have to do for being profitable in forex..

You can also add on to next trade with a good risk reward, you will have the same results.. just looks different...
i don't really care about her trading style or results, i just read all books that have written history of FX Market, IMHO, it will get back to that path if economic theory of equilibrium is correct that market value is simply moved by supply and demand and if it's not then human greed and willing to dominate must take over the FX world in the future until all collapse by it self.
  • #390,812
  • Feb 18, 2011 8:59pm Feb 18, 2011 8:59pm
Quoting Raza
LOL..

Euro may cause some drama next week or so..again.

This wave UP from 1.3428 was not an impulse . and was rather painful.. looks corrective... to me.

it was not impulsive as it should be in Wave#1 up of whatever wave3 - 5 whatever... Right. so

There has to be a good retrace. or at least some range or Triangle before a Breakout.

WHAT DO YOU THINK? I am ready to sell this Big at 1.377-86 level stop only 10 pips for a good swing down.. above that I will look to Buy.
yea, that kind of puzzled me a bit also, but whatever it is seems to be working out until it becomes clear again. i don't know about selling at that level. i'm being careful with euro pair picking tops and bottoms. if we go down then there should be plenty of chance to get in. no need to pick the top. let it work itself out, but hey if you are thinking to sell big then gl.
  • #390,813
  • Feb 18, 2011 9:01pm Feb 18, 2011 9:01pm
€ did not followed 'the rules' today.. And surprised a little.
Went short yesterday at the upper T with TP 50 and hit it exact,
but today this straight up bounce was a surprise. Or i missed something
and my chicken bones was wrong ?
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  • #390,814
  • Feb 18, 2011 9:11pm Feb 18, 2011 9:11pm
fine
Quoting the redlion
its facinating how we all have our theories,

elliot wave, although i have read about it i am not that much aware of it i just know that theres is

1 impulse, 2 pull back (great long opportunity) 3 wave (should be greater than 1+2, and fourth corrective before 5th wave down

but there can be many waves within the wave.

my biggest problem is that i want to be a day trader but im so used to swing/position trading with daily that i do better at that.

my tools are:
when swing trading:

1-MACD,RSI,STOCH (not necessarily follow them but they...
  • #390,815
  • Feb 18, 2011 9:16pm Feb 18, 2011 9:16pm
Quoting pkimnyc
in drinking, everything is good set up. all you have to do is drink, bad set ups eventually turns to good set up. only downside is... when you sober next day to realize how much you've lost and there was no sl, but you can drink again to make that problem go away.
yeah that helps
New voice message: Why are you calling me? If I need you, I'll call you!
  • #390,816
  • Feb 18, 2011 9:18pm Feb 18, 2011 9:18pm
Quoting Chicky
OMG.

If I am ever able to place so many trades, may get 100% a month.
Chicky, I'm glad I'm living up to the Voucher you gave me a year ago.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #390,817
  • Feb 18, 2011 9:32pm Feb 18, 2011 9:32pm
Quoting Raza
at least some range or Triangle before a Breakout.
hope not... i hate those.
  • #390,818
  • Feb 18, 2011 9:41pm Feb 18, 2011 9:41pm
Quoting Raza
Why not mark 1.18xx as wave#4 on weekly then do the count for wave#5 UP!

either its still in wave#2 or wave three has started.(if there is a rush). Its hard to imagine US $ GOING to 0...........

By the way as of friday in 1 MIN or 5 Min chart there is still last wave UP is left to go . Friday close is wave#4 or WaveB. This Bit**h aint going down before touching 1.3733 at with extension upto 1.3786.IMO.

You can label that as wave A at 1.3743... wave B at 1.3428 .. wave C at 1.3486 MAX.IMO.

And an impulse to 1.3508 can be labelled as Wave#1...
Here...

I MIN CHART
Attached Image (click to enlarge)
Click to Enlarge Name: 1 min EU.jpg Size: 147 KB
Markets are not Random, they are designed!
  • #390,819
  • Feb 18, 2011 9:44pm Feb 18, 2011 9:44pm
Quoting Raza
Here...

I MIN CHART
1 question.

why is your wave 3 abc?
thought one of the rules were wave 3 must be impulse, so as initial wave.
  • #390,820
  • Feb 18, 2011 9:46pm Feb 18, 2011 9:46pm
Quoting Toranaga
€ did not followed 'the rules' today.. And surprised a little.
Went short yesterday at the upper T with TP 50 and hit it exact,
but today this straight up bounce was a surprise. Or i missed something
and my chicken bones was wrong ?
I think it did follow the rules. You may like to check Daily.

Last night (during London Session) I checked Daily and decided to concede, it looked very very bullish prior to and at London open. A good Pin Bar and two side bars pointing north. I wanted to wait for a Bullish set-up two or three hours after London Open around 5:00 /6:00 am ET but could not and therefore decided to take 1/2% loss during London session despite a chance of a spike down before it goes up.

ps. Monday is Presedents Day here in the US. Field is all open to Europe.
The Thief of Wall Street
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