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EURUSD

  • #394,721
  • Feb 23, 2011 2:28pm Feb 23, 2011 2:28pm
Quoting Venice
My thoughts exactly! There is no sense in me positing my trades as I am constantly all over the place. Occasionally i'll chime in with levels I am looking at for over all targets (even if they are only 30 pips away), but more often then not, that 30 pip completion gets a few long and short trades along the way.

It's not uncomment for me to pull in several 1 pip trades, 10-15 pip trades are my average returns, the occasionally random run with a 30-60+'er.

With that information in mind, it's absolutely essential to recognize losers and close...
I try to avoid the 1-pip-trades at all, as they are way too risky. Instead I prefer to sit and wait for the setup I want or aim for. But, the losers or potential losers quite often get closed at +1 or even below that before they turn negative... not a real winner, more of a "against the wind" trade.
Basically, while waiting I read just any posting made and take lots of notes that I find valuable, be it levels I overlooked, trendlines I didn't see or eventually mispositioned and think a lot about the trades posted and their pros and cons, which accumulates tons of "knowledge" at least on paper.
  • #394,722
  • Feb 23, 2011 2:29pm Feb 23, 2011 2:29pm
we have the USD on a trade war with china purposely devaluing its currency by overprinting money and pushing asset based liquidity devaluing the holdings of the Chinese central bank as the Yuan is pegged to USD.

this as a response to "currency manipulation" bringing comodities to all time highs, pushing costs of production for chinese factory in a goal to breach that trade deficit.

then we have the EURO zone with its sovereign debt crisis, and its socialism terrorism by Muslim immigrants ( i dont give a crap to be politically correct, not every single Muslim is a terrorist but thats where it comes from)

the euro is being held up by the French and Germans as far as i know so they can push their exports and continue with their non violent European take over

we have 2 weak currencies, doing a lot of crazy dancing
AVT INVENIAM VIAM AVT FACIAM
  • #394,723
  • Feb 23, 2011 2:29pm Feb 23, 2011 2:29pm
Quoting infinitus
long 3744, SL 3739
closed @ 3750
  • #394,724
  • Feb 23, 2011 2:29pm Feb 23, 2011 2:29pm
3769 bull
3709.9 bear
those who can, do. those who cant, talk about those who can
  • #394,725
  • Feb 23, 2011 2:32pm Feb 23, 2011 2:32pm
Quoting Mr Hatch
I mentioned when this was the topic of the day that this claim it utter bullshit. Even posting the losers is nonsense, the handling of them is debatable, though I think, everybody has their own strategy.

I for myself cut losing positions relatively early, given the fact that I tend to chose "quite" safe entries. I usually don't wait for retests on small tf, but take partial profit very early, so when it comes back, I have a little wiggle-room. I don't let any position run against me for dozens of pips any more.

the whole scalping-business is...
*L* you never asked me to post trades ahead of time. so it don't apply to you.
those who can, do. those who cant, talk about those who can
  • #394,726
  • Feb 23, 2011 2:35pm Feb 23, 2011 2:35pm
Quoting gatorinla
*L* you never asked me to post trades ahead of time. so it don't apply to you.
I am greatly satisfied with what you post. Learned a ton from you, although you suck at teaching

And, to be honest, reading your postings to and fro should give enough ideas beforehand, where to look for setups. The how is written down by Murphy.
  • #394,727
  • Feb 23, 2011 2:37pm Feb 23, 2011 2:37pm
Quoting PunjabiSher
i fear that if everyone starts pulling clog's hair, he might go bald. take a break.
  • #394,728
  • Feb 23, 2011 2:39pm Feb 23, 2011 2:39pm
Quoting gatorinla
all we need now is skyzer
I was just thinking the same thing.

If it makes you feel any better gator, I had to cut one for -20 earlier today. I spent most of the day sitting on my hands, did a few small scalps north, but it felt like a good day to be largely on the sidelines.
  • #394,729
  • Feb 23, 2011 2:40pm Feb 23, 2011 2:40pm
Quoting gatorinla
3769 bull
3709.9 bear

what do u think about the middle 35
  • #394,730
  • Feb 23, 2011 2:42pm Feb 23, 2011 2:42pm
so.. on this note how comes the 150 pip move down in asia MOnday under NO volume and then 250 pip from there ? the 150 pip move down got everyone screaming 1.32 here we come

How about the franki fake outs that are well known .... I guess that is a tourist changing their money ?

I suggest to all .. understand the beast you are working with before even starting to trade live.

Think the fx market is not manipulated ? think again .

Also if there is no regulation of fx markets then WHY is the range pretty consistant? there has rarely been any 500 pip days. The fact that daily and weekly ranges are pretty consistant must mean there is an unwritten agreement to keep things within limits

Quoting the redlion
who is "they"

central banks, clearing houses, financial institutions, inter-banks, brokers.
other retail dealers? the FED?

" they" is a myth.... especially in the forex business, any transaction in foreing currency is foreing exchange and moves the rate.

corporations buying 2 billion euros, a turist exchanging his USD for pesos

who is doing the FAKE OUTS?

i think our strategy is flawed if we have to think of conspiracy, even though stop sweeping does occur from your broker as he has to pay you out of pocket. as he is a bucket shop....
Blogging daily now at www.volume.zone
  • #394,731
  • Feb 23, 2011 2:44pm Feb 23, 2011 2:44pm
Quoting PriceVolume
I was just thinking the same thing.
let me try...

Dullah is bullshit, this is a buy... I loaded all the way and I am in green, laughing now. What up, gator with your shorts... dullah is done. 1.5 by end of this month.

no?
  • #394,732
  • Feb 23, 2011 2:46pm Feb 23, 2011 2:46pm
Quoting malcolmb14
so.. on this note how comes the 150 pip move down in asia MOnday under NO volume and then 250 pip from there ? the 150 pip move down got everyone screaming 1.32 here we come

How about the franki fake outs that are well known .... I guess that is a tourist changing their money ?

I suggest to all .. understand the beast you are working with before even starting to trade live.

Think the fx market is not manipulated ? think again .

Also if there is no regulation of fx markets then WHY...

you are one of the VERY few on here who see past the bullshit.

kudos
  • #394,733
  • Feb 23, 2011 2:46pm Feb 23, 2011 2:46pm
Quoting PriceVolume
I was just thinking the same thing.

If it makes you feel any better gator, I had to cut one for -20 earlier today. I spent most of the day sitting on my hands, did a few small scalps north, but it felt like a good day to be largely on the sidelines.
i don't feel bad..
except not taking the green light long yesterday. i fu and figured it would go just a few lower. for entry. just part of the game. if we follow that thing with candles its deadly. even in the chop we made money.. that little candle makes your entries almost to the pip most times..
those who can, do. those who cant, talk about those who can
  • #394,734
  • Feb 23, 2011 2:46pm Feb 23, 2011 2:46pm
Hatch I agree with much that you said. This thread is what you make it. I am happy to say that despite it being outright difficult to put up with this place on some days, there is alot of information that goes through here. A hell of alot of that information that might have escaped me. Levels, trendlines, mofu's, breakouts, doji's,weeklies,EMA's,monthlies, news, head and shoulders, and some guy named elliot, is a lot of stuff to keep track of. Truth is if you cut out alot of the noise, and ego stroking, there are some dam good posts in this thread, as well as a couple of good laughs.
Look Sharp/Trade Tight
  • #394,735
  • Feb 23, 2011 2:50pm Feb 23, 2011 2:50pm
Quoting Mr Hatch
I am greatly satisfied with what you post. Learned a ton from you, although you suck at teaching

And, to be honest, reading your postings to and fro should give enough ideas beforehand, where to look for setups. The how is written down by Murphy.
  • #394,736
  • Feb 23, 2011 2:51pm Feb 23, 2011 2:51pm
Quoting gatorinla
i don't feel bad..
except not taking the green light long yesterday. i fu and figured it would go just a few lower. for entry. just part of the game. if we follow that thing with candles its deadly. even in the chop we made money.. that little candle makes your entries almost to the pip most times..
v2 is almost done....I'm testing now but looks badass.
  • #394,737
  • Feb 23, 2011 2:51pm Feb 23, 2011 2:51pm
Quoting kill56
what do u think about the middle 35
why not.. 33 is a 2008 #... if its real we will close above if not, its wicks in the future. i c others using it now.
those who can, do. those who cant, talk about those who can
  • #394,738
  • Feb 23, 2011 2:52pm Feb 23, 2011 2:52pm
Quoting malcolmb14
so.. on this note how comes the 150 pip move down in asia MOnday under NO volume and then 250 pip from there ? the 150 pip move down got everyone screaming 1.32 here we come

How about the franki fake outs that are well known .... I guess that is a tourist changing their money ?

I suggest to all .. understand the beast you are working with before even starting to trade live.

Think the fx market is not manipulated ? think again .

Also if there is no regulation of fx markets then WHY...
then enlighten me. (seriously not sarcastically) who is doing the manipulation and to what end?
AVT INVENIAM VIAM AVT FACIAM
  • #394,739
  • Feb 23, 2011 2:53pm Feb 23, 2011 2:53pm
thanks ..

I am skpetical of everything. As soon as the egypt issues came they went.

The recession... US markets above pre recession highs still ( nice how goldman sachs is still around but they got rid of bear and lehman their competition)

Greece .. no offence to Greeks but what the hell do they produce that has benefit to euro gdp

Ireland..same

Dubai an issue 60 billion debt .. hell doesn't goldman make that in an afternoon ? so what was the issue there again ? fx is a 2.xxx trillion market a day and 60 billion is like a drop in the ocean

Libya will come and go also. The us stock market will be bought at discount or the feds will issue qe3. Oil will be sold off 140 / barrel.. for what .. well for ' them' to make a few more trillion dollars





Quoting akhtergroup
you are one of the VERY few on here who see past the bullshit.

kudos
Blogging daily now at www.volume.zone
  • #394,740
  • Feb 23, 2011 2:54pm Feb 23, 2011 2:54pm
Quoting malcolmb14
so.. on this note how comes the 150 pip move down in asia MOnday under NO volume and then 250 pip from there ? the 150 pip move down got everyone screaming 1.32 here we come

How about the franki fake outs that are well known .... I guess that is a tourist changing their money ?

I suggest to all .. understand the beast you are working with before even starting to trade live.

Think the fx market is not manipulated ? think again .

Also if there is no regulation of fx markets then WHY...



LOL Forex and not manipulated.......

That was my basic idea when I switched over to Forex trading - too big to manipulate. But I was thought several tough lessons about that.

Forex and not manipulated....... The other side is the truth.....
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