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  • #393,801
  • Feb 22, 2011 9:49pm Feb 22, 2011 9:49pm
Quoting Shah22
May i know which made you laugh?

Could be three things..

I post without chart?
You agree with me?
you dont agree with me ?

So which one?
Wouldn't spend a whole lotta time worrying about what others say Shah...

If you gotta plan, stick to it until you need a new plan.

It doesn't matter who agrees, it is what the market shows you. Your consistency is more dependent on you being confident in your ability to read price action and your technical analysis then is by somebody posting the letters, "lol".

Though, I am interested in what you are seeing in a chart and what you base your opinion on...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,802
  • Feb 22, 2011 9:56pm Feb 22, 2011 9:56pm
way off topic but interesting
http://www.bloomberg.com/news/2011-0...tudy-says.html
  • #393,803
  • Feb 22, 2011 9:59pm Feb 22, 2011 9:59pm
long 694
Ambition
  • #393,804
  • Feb 22, 2011 10:06pm Feb 22, 2011 10:06pm
Quoting Magix
Though, I am interested in what you are seeing in a chart and what you base your opinion on...
You are right.. i always confident with my plan and did accordingly.. but this is first time that one of senior member laugh on post.. but thats okey may be because of fresh morning

I will try my level best next time to post the charts

But here is my hourly. Curves are down so expecting down..3677 is my 5M support and 3662 is my 15M support..
Attached Image
  • #393,805
  • Feb 22, 2011 10:07pm Feb 22, 2011 10:07pm
Quoting Shah22
May i know which made you laugh?

Could be three things..

I post without chart?
You agree with me?
you dont agree with me ?

So which one?
don't put too much weight on my last post.
i just thought it was funny that i'm about to pass out and saw your post with "good morning." that's all.
one more thing. i'm a noob, not a senior member.

gl with your short bias, btw.
  • #393,806
  • Feb 22, 2011 10:10pm Feb 22, 2011 10:10pm
Quoting Shah22
You are right.. i always confident with my plan and did accordingly.. but this is first time that one of senior member laugh on post.. but thats okey may be because of fresh morning

I will try my level best next time to post the charts

But here is my hourly. Curves are down so expecting down..3677 is my 5M support and 3662 is my 15M support..
Awesome!

Not familiar with your charting style, but I like your interpretation of it.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,807
  • Feb 22, 2011 10:17pm Feb 22, 2011 10:17pm
lol about to make 9th profitable trade consecutive
Ambition
  • #393,808
  • Feb 22, 2011 10:17pm Feb 22, 2011 10:17pm
lol... this just looks to easy ...hovering under resistance all asia , making me nervous lol



Quoting Magix
Mal, we are only a fist full of pips until monthly roll...

You can prolly count em down now, like on New Years...

Warm up your I told ya so...

Blogging daily now at www.volume.zone
  • #393,809
  • Feb 22, 2011 10:18pm Feb 22, 2011 10:18pm
Quoting Shah22
Morning All,

According to me euro is bearish today.. so i preferto short it rather than to go long.. the resistances are now at 3711, 3719, 3733 and 3757 while the supports below are at 3677, 3662, 3652 and 3628.. break 3628 then 3577 and 3513 will be the next.. i have a plan to short in between 3706-09 if it go there.. so till then patience here..
Fundamentals have been pointing north one more ECB member repeated inflation rhetoric i believe yesterdays down spike was over reaction to risk averse headline of natural disaster in NZ and dip was bought in high volume i expect 1.38 before new york open today.
  • #393,810
  • Feb 22, 2011 10:19pm Feb 22, 2011 10:19pm
Quoting pkimnyc
don't put too much weight on my last post.
i just thought it was funny that i'm about to pass out and saw your post with "good morning." that's all.
one more thing. i'm a noob, not a senior member.

gl with your short bias, btw.
Thanks..
Good luck to you too and everybody here
  • #393,811
  • Feb 22, 2011 10:20pm Feb 22, 2011 10:20pm
Quoting Shah22
You are right.. i always confident with my plan and did accordingly.. but this is first time that one of senior member laugh on post.. but thats okey may be because of fresh morning

I will try my level best next time to post the charts

But here is my hourly. Curves are down so expecting down..3677 is my 5M support and 3662 is my 15M support..
A typo I guess. It should be 3577 and 3562?
  • #393,812
  • Feb 22, 2011 10:21pm Feb 22, 2011 10:21pm
Please change the text under your avatar to A.D.D trader lol

you scalped 10 and 8 and 7 and 2 nice .. but talk about A.D.D . and the fact that you have to announce to everyone ... need for attention maybe ?

simple buy off major support 1.3650 tp 50 pip would do , enjoy a few rounds of halo while waiting for your profit to come in

Quoting talentfx
lol about to make 9th profitable trade consecutive
Blogging daily now at www.volume.zone
  • #393,813
  • Feb 22, 2011 10:22pm Feb 22, 2011 10:22pm
Good luck longing at the resistance...no sign of breakout so far...and the bid area is in the 1,3650-65.

Bigger one is located at 1,3610-25.
COT: The precious data ignored
  • #393,814
  • Feb 22, 2011 10:24pm Feb 22, 2011 10:24pm
Quoting malcolmb14
lol... this just looks to easy ...hovering under resistance all asia , making me nervous lol
lol...

I am sure we will see that spike up, could be off the 5m 200...

As killer says, right now, we are just walking the dog...

Drag out the time sideways and catapult off that bitch when Frankie hits the market.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,815
  • Feb 22, 2011 10:24pm Feb 22, 2011 10:24pm
Quoting mansaf6
Fundamentals have been pointing north one more ECB member repeated inflation rhetoric i believe yesterdays down spike was over reaction to risk averse headline of natural disaster in NZ and dip was bought in high volume i expect 1.38 before new york open today.

The level of resistance to get to 1.38 are a rocky one ....
I wouldn't try to go long @ this level ...
sit back and enjoy the show ... (stay in the side line)
  • #393,816
  • Feb 22, 2011 10:24pm Feb 22, 2011 10:24pm
Quoting Sandy A.
Hi Markus,

I do not trade other than the forex. I've only been live trading for about a month and demo trading for a month before that. I've been researching getting into forex for about 6 months. Needless to say I quickly burned my trading account down by 35% as of last week, making all the mistakes of a newbie - things I already knew - before putting the brakes on and exercising more discipline re: money management and patience. So as of today I've recovered the trading account back from 35% down to about 26% down.

EW is something I've...
Hi Sandy,

when I started trading I thought, that EW would all I need to trade every timeframe (along with some indis for momentum).

But I have to say: It sucks

I learned, that it is very valuable to have kind of a map for the market with EW. But to trade alone with it is a pain.

I do a lot of scalping (1 and 5m TF) and I think, that EW helps to find the good setups. Most profitable is C-wave scalping.

I use a system of Murrey Math (on different TF's) and (especially for longer swings on 15min TF) the EMA 13 as trigger.

Relying on EW (at least for me) means oftentimes to go for the homeruns, to catch the e.g. P3 from the very top etc. Such a trading style has nearly always lead to a nice drawdown in my account. Yes, it is very profitable to catch the top and run the entire impulse down. But a lot of money will be lost by catching that top. Take a look at the EW disaster in SP500 or other indices since nearly 1.5 (!!!) years. How often was the top called only to see the prices go further up.

Regarding your statement about small SL: that is very very true. Better take a little loss but have enough ammunition for the next battles.

When I started trading I blew my account several times (but only with money I was able to give away :-) ). But for me that lesson was better than to demo trade for months.

Best to you and good luck,

Markus
  • #393,817
  • Feb 22, 2011 10:25pm Feb 22, 2011 10:25pm
Quoting malcolmb14
Please change the text under your avatar to A.D.D trader lol

you scalped 10 and 8 and 7 and 2 nice .. but talk about A.D.D . and the fact that you have to announce to everyone ... need for attention maybe ?

simple buy off major support 1.3650 tp 50 pip would do , enjoy a few rounds of halo while waiting for your profit to come in
btw Malcolmb, didnt meen to spam your thread yesterday, just got pissed off..
  • #393,818
  • Feb 22, 2011 10:27pm Feb 22, 2011 10:27pm
Quoting mansaf6
i expect 1.38 before new york open today.
Wont happen.. your expectations exceed reality my friend.

I dont even know why I am wasting my time to reply to you and explain it to you, but its just that I am waiting for sleep to come and it wont.. so you got my word. Your expectations are beyond my neighbor and my neighbor is ... he thinks he will be first solo tourist to fly to moon.
  • #393,819
  • Feb 22, 2011 10:27pm Feb 22, 2011 10:27pm
Quoting talentfx
lol about to make 9th profitable trade consecutive
wow, thats great,congrats!
Money is made by sitting, not trading. Jesse L. Livermore
  • #393,820
  • Feb 22, 2011 10:29pm Feb 22, 2011 10:29pm
morning all....
Look Sharp/Trade Tight
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