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  • #411,481
  • Mar 22, 2011 12:02pm Mar 22, 2011 12:02pm
Sorry i want to ask PA - Price Action?
and iy yes, maybe somebody know a good book about it...
  • #411,482
  • Mar 22, 2011 12:09pm Mar 22, 2011 12:09pm
Quoting Tafteer
im short on 4 lots at an open price of 4195 , should i take my losses now and go long? im really confused
Sit tight. What is your % risk? Where is your chart? What is your target short?
  • #411,483
  • Mar 22, 2011 12:10pm Mar 22, 2011 12:10pm
Quoting OldQuant
Finally, a short binding this morning. I still have to go with discipline and automated scoring in trend following, but, FW[little]IW, this just really seemed overcooked to me.

And can someone es'plain to me what was written above: why does higher oil prices support EUR/USD? I'm serious about that; I don't understand it.

And PTL: if you check back in today, have a good holiday. Even if you don't check back in, have a good holiday.


Higher oil = more mid-east reserves. More mid-east reserves = more reserve diversification. More reserve diversification means stronger euro
  • #411,484
  • Mar 22, 2011 12:11pm Mar 22, 2011 12:11pm
Quoting rattyo
yes the vsa thread with the milky bar kid...your be flying LOL
Hey Rat...always nice to see you chime in with your Zero value poorly worded nuggets of nothingness...

Here's a friend for ya to play with...go...have some fun...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411,485
  • Mar 22, 2011 12:12pm Mar 22, 2011 12:12pm
Quoting Vladimir1987
I love forex i lose so easy im sick of it.
Dont have the will to continue...


Good luck guys im giving it up.
chill dude....this reflects how patience you are. Most important thing in forex is patience..I have been trading forex for the past 3yrs...only past 1yr i'm making good profitable trading..all these are barriers to your success. You have to overcome it.
  • #411,486
  • Mar 22, 2011 12:13pm Mar 22, 2011 12:13pm
Hi, in my opinion the party is going to over tomorrow, as today Fisher from US FED said " I am going to be VERY VIGILANT on US inflation. Talks of end to QE and tomorrow Mr. Bernanke en-doses the same VERY VIGILANT. The new term to hint increase in interest rates......the swing will go the other way....so be careful in taking LONG POSITIONS, Its to hear some hawkish comments from the US FED.....
  • #411,487
  • Mar 22, 2011 12:15pm Mar 22, 2011 12:15pm
Quoting navhin
chill dude....this reflects how patience you are. Most important thing in forex is patience..I have been trading forex for the past 3yrs...only past 1yr i'm making good profitable trading..all these are barriers to your success. You have to overcome it.
But seriously, would you recommend to a good friend to travel this road? Because I know I wouldn't .... ever ..... They would have to want to do it for themselves, not on my recommendation that's for sure.
Nothing worth having is easy.
  • #411,488
  • Mar 22, 2011 12:15pm Mar 22, 2011 12:15pm
Quoting Magix
Hey Rat...always nice to see you chime in with your Zero value poorly worded nuggets of nothingness...

Here's a friend for ya to play with...go...have some fun...
Brings to mind one of the great business book titles of all time: To Catch a Mouse, Make a Noise Like a Cheese. Written by the guy who made stodgy old Tandy Leather Company into Radio Shack.
  • #411,489
  • Mar 22, 2011 12:19pm Mar 22, 2011 12:19pm
Easy way to think about it - USA uses more OIL, has greater effect on economy than EUR....

Waiting for this awful 2 month short trade to turn....

Anyone know when Eur countries start to feel real impact of higher Eur? Why would Trichet want $1.45-$1.50???

TIA

TT1
  • #411,490
  • Mar 22, 2011 12:21pm Mar 22, 2011 12:21pm
Quoting Patience
But seriously, would you recommend to a good friend to travel this road? Because I know I wouldn't .... ever ..... They would have to want to do it for themselves, not on my recommendation that's for sure.
After three losing years I am finally profitable. I would never recommend forex to any of my friends for that reason.
motivation
  • #411,491
  • Mar 22, 2011 12:21pm Mar 22, 2011 12:21pm
Quoting Patience
But seriously, would you recommend to a good friend to travel this road? Because I know I wouldn't .... ever ..... They would have to want to do it for themselves, not on my recommendation that's for sure.
after the Market breaks you down, shows you who you are, you admit it all, it actually becomes kind of fun.
  • #411,492
  • Mar 22, 2011 12:25pm Mar 22, 2011 12:25pm
Quoting attila
after the Market breaks you down, shows you who you are, you admit it all, it actually becomes kind of fun.
Yes, it does, but I'm 7 years into it and was lucky to have discovered forex after I had done some serious time in the workplace thus earning my crust elsewhere. Gawd forbid people new to this game start thinking that this can be a viable venture after only a few months. For me it took years.
Nothing worth having is easy.
  • #411,493
  • Mar 22, 2011 12:26pm Mar 22, 2011 12:26pm
Quoting Patience
But seriously, would you recommend to a good friend to travel this road? Because I know I wouldn't .... ever ..... They would have to want to do it for themselves, not on my recommendation that's for sure.
well said. agree wit u. Shared my point of view. They must take action to c success.

Decision you make today will determine your tomorrow.
  • #411,494
  • Mar 22, 2011 12:26pm Mar 22, 2011 12:26pm
Quoting Magix
Tin foil is cheap and you can google some pretty styling hats on the interwebs, don't let this little obstacle keep ya from learning...lol

Pres78 worked on one of the volume indies for the house, link below.
http://www.forexfactory.com/showthre...25#post4485525

Throw it onto a chart and see if it makes sense to ya. Infinitely, I advocate for people learning stuff for themselves, it does solidify the knowledge...but reading a few passes don't hurt much either.

Hey, if it don't make any sense to ya or if ya see no value,...
Now Magix be careful sharing links to the VSA thread... if Malc catches wind of this he may think you are starting to beleive.
Today's zone = Tomorrow's opportunity!
  • #411,495
  • Mar 22, 2011 12:27pm Mar 22, 2011 12:27pm
Quoting attila
after the Market breaks you down, shows you who you are, you admit it all, it actually becomes kind of fun.
Right. The old saying about the market goes: "If you don't know who you are, this is a he11 of an expensive place to find out."

And it makes the bravado and "I win every time" posturing you often see on this and other threads all the more ironic.
  • #411,496
  • Mar 22, 2011 12:28pm Mar 22, 2011 12:28pm
Quoting Patience
For me it took years.
agree. the time measurement unit is years (plural). unfortunately it is being advertised as a quick one. if anything it's a get poor quick scheme. it does take a lot of time and a lot of mental torture, no matter what the macho around here think. however it is all worth it once out of this painful phase.
  • #411,497
  • Mar 22, 2011 12:31pm Mar 22, 2011 12:31pm
Quoting pres78
Now Magix be careful sharing links to the VSA thread... if Malc catches wind of this he may think you are starting to beleive.


Honestly pres, anything that will keep the house from being flooded with, "I am 100 pips in the hole, what should I do", questions is all good by me...

Nice piece of work to btw...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411,498
  • Mar 22, 2011 12:31pm Mar 22, 2011 12:31pm
Quoting Patience
Yes, it does, but I'm 7 years into it and was lucky to have discovered forex after I had done some serious time in the workplace thus earning my crust elsewhere. Gawd forbid people new to this game start thinking that this can be a viable venture after only a few months. For me it took years.
Are you a full-time trader now?
  • #411,499
  • Mar 22, 2011 12:32pm Mar 22, 2011 12:32pm
Quoting chazzle
Didn't think it would hit but looks like I'm in ...
Out at BE - back over ema20 on m15 and bounce off the DP makes it look a bit bullish again - anyway thanks for having me : )
  • #411,500
  • Mar 22, 2011 12:32pm Mar 22, 2011 12:32pm
Quoting attila
after the Market breaks you down, shows you who you are, you admit it all, it actually becomes kind of fun.
Exactly... first you have to understand that you are a small golden fish in this big aquarium full of sharks. This is where the whole learning process begins. If you want to be a shark, you have to start thinking like a shark...
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