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  • #391,221
  • Feb 20, 2011 5:00pm Feb 20, 2011 5:00pm
i see now, was too lost in EU for the last few hours lol
completely lost me there

Quoting Honored
He was talking abt GU not EU
  • #391,222
  • Feb 20, 2011 5:03pm Feb 20, 2011 5:03pm
Quoting Raza
This is a secret I gave away.... Something very simple. Just mark the OS AND OB levels with horizontal line on any Tfs that you are using to scalp.

To get perfection from it learn Divergence on the indi( stoch or Rsi) not on the price chart, you will never be wrong.( well you have to keep chart price in mind..i.e angle. symmetry)

Just to clearify Divergence , there are 4 kinds of divergences; Bullish, Bearish, hidden bullish and hidden bearish.

Some may laugh.... but..hey it has been tested throughout my trading years....
Ah !!! Holy Grail trading .... it has been a while since somebody dare to speak out his mind in this thread with indicators. Nice to see an openly indicator trader around here.

Not going to argue with you in any technical sense as I don't use or trade indicators like that. IMO, manual traders who are successful with indicator trading like this, usually have an edge that is not on the indi (stoch or Rsi) but in properly reading the markets from a TA perspective and using the indicator as part of a bigger picture/approach....

In any case, 2 thumbs up for having the courage to admit using indicators. However, it maybe a little bit misleading/not realistic (maybe not for you) for some newcomers some of the numbers and results you are given in your last posts.

As you said, some may laugh.... but..hey it has been tested [stochastics,rsi] throughout [years] and sadly only very few manual traders succeed [and only as part of a more rounded TA plan] and sadly I haven't met a successful one (surely there is a few around) that have made it only using a precanned combination of stochs without anything else.

Very good luck in your trading

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #391,223
  • Feb 20, 2011 5:10pm Feb 20, 2011 5:10pm
sold slv @ 32.57
  • #391,224
  • Feb 20, 2011 5:17pm Feb 20, 2011 5:17pm
Quoting iflyjetzzz
I'm not going to speak for Gator; he's extremely knowledgeable, but my take is that he's referring to the main users of Middle Eastern oil.
In the US, we're actually awash in oil....
japan bombed a little port in Hawaii about 70 years ago over oil. China has bought all the ships subs ect. the Russians would sell. we shop at wall mart and fund it.
those who can, do. those who cant, talk about those who can
  • #391,225
  • Feb 20, 2011 5:22pm Feb 20, 2011 5:22pm
Quoting sisse
Ah !!! Holy Grail trading .... it has been a while since somebody dare to speak out his mind in this thread with indicators. Nice to see an openly indicator trader around here.

Not going to argue with you in any technical sense as I don't use or trade indicators like that. IMO, manual traders who are successful with indicator trading like this, usually have an edge that is not on the indi (stoch or Rsi) but in properly reading the markets from a TA perspective and using the indicator as part of a bigger picture/approach....

In any case, 2 thumbs...
My main tool in trading is Elliot Wave with Fib relations...

Stoch or Rsi gives me the idea of where the turns arounds are for swings.

Divergence confirms it then I leave evrEything at B.E .

For E/U my stops are 11 pips AND take profit possible next fib resistence.

Next time when a good Divergence trade comes along I will post it here.
Markets are not Random, they are designed!
  • #391,226
  • Feb 20, 2011 5:24pm Feb 20, 2011 5:24pm
Quoting iflyjetzzz
I'm not going to speak for Gator; he's extremely knowledgeable, but my take is that he's referring to the main users of Middle Eastern oil.
In the US, we're actually awash in oil. That's the big reason for the ~$20 split between West Texas Intermediate (WTI) and Brent North Sea crude.
WTI's pricing depends quite a bit on the supply of oil stored at Cushing, OK. Currently, Cushing is at record high levels of crude. This is because most Canadian, Mexican, and Venezuelan export oil ends up in the US. It's enough to supply the US.
Japan gets its oil...
Cushing is just a stones throw from here...your analogy is correct in saying they are awash in oil. My buddies that work there say consumption is consistently lowering.
  • #391,227
  • Feb 20, 2011 5:29pm Feb 20, 2011 5:29pm
looking for a short candle at any time now.. atm at 36085
those who can, do. those who cant, talk about those who can
  • #391,228
  • Feb 20, 2011 5:32pm Feb 20, 2011 5:32pm
short 3707 SL 3715 TP 3676
  • #391,229
  • Feb 20, 2011 5:33pm Feb 20, 2011 5:33pm
got a pending sell at 3715
SL 737
1st TP 636
GL everyone
  • #391,230
  • Feb 20, 2011 5:50pm Feb 20, 2011 5:50pm
Good morning.
  • #391,231
  • Feb 20, 2011 5:53pm Feb 20, 2011 5:53pm
H4: 61.8 at 1.3741
Attached Image (click to enlarge)
Click to Enlarge Name: buonvangvn_____yahoo____com.gif Size: 24 KB
  • #391,232
  • Feb 20, 2011 5:54pm Feb 20, 2011 5:54pm
Some how I feel this is super cheap for my shorts. But I fear because of the golden crisp stops looming above
  • #391,233
  • Feb 20, 2011 5:54pm Feb 20, 2011 5:54pm
Quoting buonvangvn
Good morning.
morning,how are you today?
  • #391,234
  • Feb 20, 2011 5:55pm Feb 20, 2011 5:55pm
Guys and gals...it's long until it's short and it's not short (YET). Timestamp (17:54pm CST).
  • #391,235
  • Feb 20, 2011 5:56pm Feb 20, 2011 5:56pm
Quoting buonvangvn
Good morning.
Good morning Buonvangvn,

hope you had a nice weekend. How is the weather in beautiful Vietnam?
  • #391,236
  • Feb 20, 2011 5:57pm Feb 20, 2011 5:57pm
Quoting vinhvn
morning,how are you today?
I have not, that I just was analyzed.
  • #391,237
  • Feb 20, 2011 5:59pm Feb 20, 2011 5:59pm
second short @ 3714 SL 3717 TP 3687
  • #391,238
  • Feb 20, 2011 6:00pm Feb 20, 2011 6:00pm
bank holiday today? short eu today?
To Your Success!!
  • #391,239
  • Feb 20, 2011 6:01pm Feb 20, 2011 6:01pm
Quoting infinitus
Good morning Buonvangvn,

hope you had a nice weekend. How is the weather in beautiful Vietnam?
current weather in Vietnam is very nice for you to travel in many places in Vietnam, as Hanoi, and Nha Trang, Da Lat .... I have always fun weekend to get started with forex every day me. about you?
  • #391,240
  • Feb 20, 2011 6:02pm Feb 20, 2011 6:02pm
at b.e. watching for double knock
those who can, do. those who cant, talk about those who can
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