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  • #406,701
  • Mar 15, 2011 1:13am Mar 15, 2011 1:13am
Thanks very much for the recommendation, I have worked through almost all of the "grades" of babypips, and I agree that it is an exceptionally good educational resource. Right now, my chart setup is slow stochastics, MACD, Bolinger Bands, and a few SMA that I like. I currently trade a very simple and low value "fund" for a few friends. I also have been fortunate enough to have been accepted as a trader in training for a larger fund trading private accounts. Forex factory appears to be the very best forum of its type that I have come across in my short time and I very much appreciate the opportunity to dialog with other traders with obviously much more experience than I have. Thanks to all of the active traders who are willing to share their experiences with others.

But again, I do not understand the chart referenced above. Any thoughts?
Thanks
Tom
  • #406,702
  • Mar 15, 2011 1:13am Mar 15, 2011 1:13am
Quoting buonvangvn
Hold 4 short (+258) , target 1.3750

http://www.forexfactory.com/attachme...2&d=1300119527

http://www.forexfactory.com/showthre...88#post4470088

Now
Attached Image (click to enlarge)
Click to Enlarge Name: buonvangvn_____yahoo____com.gif Size: 31 KB
  • #406,703
  • Mar 15, 2011 1:16am Mar 15, 2011 1:16am
Quoting Tomlas
Hello to all....
you need to come to a different conclusion mate...

if some of these traders make it look easy it's because they have been doing it years and have gone through blood, sweat and tears to learn the business...

but if you can learn trading other peoples money then that's different...
  • #406,704
  • Mar 15, 2011 1:17am Mar 15, 2011 1:17am
Quoting Orbital
How can you even see anything on that chart? God thats messy and confusing oO

EURUSD is heading for a crash down, USD bond yields dropped like a rock over the disaster, time to sell euros =/
1. I always keep handy a microscope.

2. I just trade at supports and resistances no matter where it goes. Longer-term trading is not for me, at least for now. If it crashes, I will still long at supports.
The Thief of Wall Street
  • #406,705
  • Mar 15, 2011 1:18am Mar 15, 2011 1:18am
Quoting Tomlas
Thanks very much for the recommendation, I have worked through almost all of the "grades" of babypips, and I agree that it is an exceptionally good educational resource. Right now, my chart setup is slow stochastics, MACD, Bolinger Bands, and a few SMA that I like. I currently trade a very simple and low value "fund" for a few friends. I also have been fortunate enough to have been accepted as a trader in training for a larger fund trading private accounts. Forex factory appears to be the very best forum of its type that I have come across in...
use this way is better really:-
Here the good place to learn FOREX trading:-


http://forex.fxdd.com/webinars

http://www.forexfactory.com/images/m...ading_dark.gif

  • #406,706
  • Mar 15, 2011 1:27am Mar 15, 2011 1:27am
Quoting FibbinArchie
you need to come to a different conclusion mate...

if some of these traders make it look easy it's because they have been doing it years and have gone through blood, sweat and tears to learn the business...
And I am very willing to pay my dues. This is what I want to do. It feels so right to me. Comfortable in the saddle if you will. My temperament and gifts seem to converge in the exercise of trading. I very sincerely sincerely desire to be accepted by the FXfactory members as a serious member of the community. Any and all posts I make here are offered in real humility and with the desire to respect the success of others. I am thankful for he opportunity to dialog with the folks that are really working at this craft/trade.
  • #406,707
  • Mar 15, 2011 1:28am Mar 15, 2011 1:28am
Quoting Tomlas
...But again, I do not understand the chart referenced above. Any thoughts?
Thanks
Tom
Close-up of the same chart. See how it respects support and resistance lines drawn weeks / months ago. It does not come from any textbook but street experience.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled36.jpg Size: 73 KB
The Thief of Wall Street
  • #406,708
  • Mar 15, 2011 1:33am Mar 15, 2011 1:33am
Quoting Tomlas
And I am very willing to pay my dues. This is what I want to do. It feels so right to me. Comfortable in the saddle if you will. My temperament and gifts seem to converge in the exercise of trading. I very sincerely sincerely desire to be accepted by the FXfactory members as a serious member of the community. Any and all posts I make here are offered in real humility and with the desire to respect the success of others. I am thankful for he opportunity to dialog with the folks that are really working at this craft/trade.
how much experience do you have?
  • #406,709
  • Mar 15, 2011 1:36am Mar 15, 2011 1:36am
Quoting FibbinArchie
how much experience do you have?
I have been trading demo for about 4 months. Micro account with FXCM live for about 2 months. Just starting to feel like I have a small undestanding of teh craft. But I LOVE IT!!!
  • #406,710
  • Mar 15, 2011 1:39am Mar 15, 2011 1:39am
Quoting FibbinArchie
how much experience do you have?
I am trading a EA on MT4 platform with FXCM, and a specially arranged demo account with TradeStation, and a demo with FXCM on their MarketScpoe 2 platform which I really love.
  • #406,711
  • Mar 15, 2011 1:39am Mar 15, 2011 1:39am
24pips

(eur/usd)


Quoting khizer
Short: 3964
TP: 394
Trade what you see, Not what you think.
  • #406,712
  • Mar 15, 2011 1:41am Mar 15, 2011 1:41am
You need to develop your own style and that's Chicky's way to trade. It's his supply and demand levels (I think) but I define mine a bit differently.

Cheers

Quoting Tomlas
Thanks very much for the recommendation, I have worked through almost all of the "grades" of babypips, and I agree that it is an exceptionally good educational resource....
  • #406,713
  • Mar 15, 2011 1:41am Mar 15, 2011 1:41am
Quoting Tomlas
I have been trading demo for about 4 months. Micro account with FXCM live for about 2 months. Just starting to feel like I have a small undestanding of teh craft. But I LOVE IT!!!
well you're doing that right, stick with the micro lots until you have a proven track record of profitability and then move up to mini lots...

no one trade will make or break your account, focus on learning the discipline to stick to money management rules...

my two cents...
  • #406,714
  • Mar 15, 2011 1:44am Mar 15, 2011 1:44am
Quoting Chicky
Close-up of the same chart. See how it respects support and resistance lines drawn weeks / months ago. It does not come from any textbook but street experience.
here you are , the best street fighter of the forex tribe.
  • #406,715
  • Mar 15, 2011 1:44am Mar 15, 2011 1:44am
Quoting buonvangvn
Hold 4 short (+258) , target 1.3750

http://www.forexfactory.com/attachme...2&d=1300119527

http://www.forexfactory.com/showthre...88#post4470088

Now
.
The Thief of Wall Street
  • #406,716
  • Mar 15, 2011 1:54am Mar 15, 2011 1:54am
i m short on 1.3993 or R and long on my support.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd15032011a.jpg Size: 116 KB
  • #406,717
  • Mar 15, 2011 1:59am Mar 15, 2011 1:59am
Long 1,3930 tp 1,40 SL 1,3910
  • #406,718
  • Mar 15, 2011 2:02am Mar 15, 2011 2:02am
IAEA: Told by Japan spent fuel storage pond at reactor on fire, radioactivity released into atmosphere

* Dose rates up to 400 millisivert per hour reported at site
* Fire possibly caused by hydrogen explosion
* Explosion at NO2 reactor occurred at 06:20 local Japan time
  • #406,719
  • Mar 15, 2011 2:03am Mar 15, 2011 2:03am
Quoting bososo
Long 1,3930 tp 1,40 SL 1,3910
SL hit
  • #406,720
  • Mar 15, 2011 2:04am Mar 15, 2011 2:04am
Woke up to find another dip that was met with demand

I smell a 200 pip day

Stops might be popped 4030-50 area to give us 4300 by weekend


Happy pippin

.
Mind over matter..I don't mind and you don't matter.
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