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  • #393,581
  • Feb 22, 2011 2:11pm Feb 22, 2011 2:11pm
Today risky day, but i did something good without stress and i was really quite.
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  • #393,582
  • Feb 22, 2011 2:12pm Feb 22, 2011 2:12pm
Is it only me that noticed longest wick on EU at daily chart?
Failure is the mother of success: learn from 'her'
  • #393,583
  • Feb 22, 2011 2:22pm Feb 22, 2011 2:22pm
Quoting PayTheLimit
Cocoa is the market that I earned my stripes as a margin clerk.
...
PS how did you come out of today's mess brother...
Nothing like being thrown into combat before your boots are even dry from hitting the beach.

And, no too bad. The bounce was slow and orderly enough, and the single headfake before the "announcements" far enough up that the long rolled in with plenty of time, and the triggers weren't believing the fake inside one 15M bar. Been ranging now long enough the trigger analytics are drawing in fairly close again, so it's sitting okay.

Bias is long, but what do I know about it?
  • #393,584
  • Feb 22, 2011 2:27pm Feb 22, 2011 2:27pm
Quoting sisse
Risky trade considering how close is too all time lows. CHF strength is fundamental driven this is going to sweep all time lows again if the yearly/weekly support got taken.... but you know what you are doing so good luck in any case.

sisse
Thanks mate...will be on alert.
  • #393,585
  • Feb 22, 2011 2:29pm Feb 22, 2011 2:29pm
hello everyone hope you are well +94 pip so far this week
Ambition
  • #393,586
  • Edited 2:49pm Feb 22, 2011 2:32pm | Edited 2:49pm
Quoting OldQuant

Bias is long, but what do I know about it?
I agree above 3633/38, that area should hold any pullbacks. What time frame do you generally trade?
Look Sharp/Trade Tight
  • #393,587
  • Feb 22, 2011 2:55pm Feb 22, 2011 2:55pm
EVER HEARD OF CURRENCY FUTURES THAT HAVE REAL VOLUME ?

even a buddy of mine that is just learning got entry 1.3540 long

LOL i love everyone screaming omg eu 1.2 due to an asian shake out.

I maintain eu 1.42

Quoting gammase1
Cue a load of posters saying it was all in the charts or their retail volume feed....
Blogging daily now at www.volume.zone
  • #393,588
  • Feb 22, 2011 2:57pm Feb 22, 2011 2:57pm
great going .

Quoting Italianguy
Today risky day, but i did something good without stress and i was really quite.
Blogging daily now at www.volume.zone
  • #393,589
  • Feb 22, 2011 3:05pm Feb 22, 2011 3:05pm
Quoting PayTheLimit
I agree above 3633/38, that area should hold any pullbacks. What time of time fram go you generally trade?
Trade decisions are a combination.

Micro structure, of course, is continuously monitored. It's partially 'early warning,' and partially 'last refusal' when a trade is pointed to.

Price patterns are viewed off 15M candles, because lower than that has too much noise and higher than that has too much delay.

Triggers (a subset of the kind of stuff Magix does) are supported by filters, and those behave like iterated emas (emas of emas). In terms of their smoothness and lag, there's a set that are pretty short, under 4H, but the main "binding" level, where short bias and long bias are equal = flat, is equivalent to around 12 to 24H. All these things update on 5-sec cycle; no end of bar math at all.

It's complicated, and I'm increasingly thinking too complicated. Just using the longer binding triggers could still bring in a good slab of the bacon, and the rest is good for maybe only 10 to 20 or so ticks better in trade level overall.

But I'm liking micro structure more and more, and may try just that in some other pair if I can find a trustworthy woodchuck to do some work on it.

And the cost of failed trades for a initial establish in cases where everything is collapsed down, in a relentless ranging market, is still around 40 ticks on average (it can be more, and it can sometimes be less), but that's on a smallish notional, so it comes back quickly as a position scales in.
  • #393,590
  • Feb 22, 2011 3:09pm Feb 22, 2011 3:09pm
Quoting talentfx
hello everyone hope you are well +94 pip so far this week


Seriously?

All that chest thumping and you haven't made a hundred bucks yet?

I am sitting at a 120ish on the day, and I havent even been around for the last 5hrs...3 positions, 2 shorties on EU 1 long on UC...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,591
  • Edited 3:11pm Feb 22, 2011 3:10pm | Edited 3:11pm
Quoting K7420
Is it only me that noticed longest wick on EU at daily chart?
Their is a longer wick on the candle from may 10 , 2010 ! I was lookin at that as well !
  • #393,592
  • Feb 22, 2011 3:13pm Feb 22, 2011 3:13pm
Quoting Magix


Seriously?

All that chest thumping and you haven't made a hundred bucks yet?

I am sitting at a 120ish on the day, and I havent even been around for the last 5hrs...3 positions, 2 shorties on EU 1 long on UC...
What a moe.
  • #393,593
  • Feb 22, 2011 3:15pm Feb 22, 2011 3:15pm
Quoting OldQuant
Trade decisions are a combination.

.

Price patterns are viewed off 15M candles, because lower than that has too much noise and higher than that has too much delay.

Interesting. I also see the value of the 15min TF vs others. Have you worked with the 10min at all?
Look Sharp/Trade Tight
  • #393,594
  • Feb 22, 2011 3:16pm Feb 22, 2011 3:16pm
9,40 bucks can buy you some serious chewing gum

Quoting Magix


Seriously?

All that chest thumping and you haven't made a hundred bucks yet?

I am sitting at a 120ish on the day, and I havent even been around for the last 5hrs...3 positions, 2 shorties on EU 1 long on UC...
  • #393,595
  • Feb 22, 2011 3:17pm Feb 22, 2011 3:17pm
Quoting PayTheLimit
Interesting. I also see the value of the 15min TF vs others. Have you worked with the 10min at all?
I find that interesting with Old's comments on the 15m.

I find the 15m to slow... 5m for me.

I guess it's a trade off... better entry sometimes for more whipsawing other times.

Man, is it ever beautiful when the 5m oscillates perfectly though.
  • #393,596
  • Feb 22, 2011 3:18pm Feb 22, 2011 3:18pm
Quoting Venice
What a moe.
Seriously, a hundredish pips, I would take em for sure, but for the amount of racket and that's it?

I congratulate anybody who closes the week green by anything more then a pip, and I don't care if they are trading demos or dimes...but really, his ticker tape parade is a little fizzled if ya ask me....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,597
  • Feb 22, 2011 3:19pm Feb 22, 2011 3:19pm
Quoting cowboypips
Their is a longer wick on the candle from may 10 , 2010 ! I was lookin at that as well !
Looks like next few days will be interesting... It might be a buy for long term, but not confirm as of now.
Failure is the mother of success: learn from 'her'
  • #393,598
  • Feb 22, 2011 3:23pm Feb 22, 2011 3:23pm
Quoting Magix
Seriously, a hundredish pips, I would take em for sure, but for the amount of racket and that's it?

I congratulate anybody who closes the week green by anything more then a pip, and I don't care if they are trading demos or dimes...but really, his ticker tape parade is a little fizzled if ya ask me....
Exactly my thoughts. I want everyone, and I mean everyone to make pips, end the week positive, and show growth and learning in their trading.

Even that Aaron fellow, while he cries with every single trade he makes (profit or not), and he follows all the advice of everyone on this thread except himself..., and holds positions with a pray attitude... he still didn't manage to make it to my ignore list... he can be helped still, I think.

This guy though... just, wow. Completely irk'ed me in every way possible. His moronic-ness is not even entertaining anymore.

The market will put him in his place in due time...
  • #393,599
  • Feb 22, 2011 3:23pm Feb 22, 2011 3:23pm
Quoting PayTheLimit
Have you worked with the 10min at all?
No, and the reason is embarrassing: I can't see them on a graph, because the clunky Java that my broker provides goes 1,5, 15 and up, and I'm too cheap and/or lazy to get new graphics built.
  • #393,600
  • Feb 22, 2011 3:25pm Feb 22, 2011 3:25pm
This could be the count for the bears:

blue 1 down today was an expanding leading diagonal.

The following wave 2 is a flat correction (3-3-5). Its impulse wave c we have seen this afternoon and topped at 3704.

Now we are down for a wave 3 or more 1-2's to come.

This count is valid until 3716 is broken.

To enter a short position here with a SL just above 3716 provides a good R/R ratio.
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