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  • #411,521
  • Mar 22, 2011 11:02am Mar 22, 2011 11:02am
Quoting attila
hey hey hey, what's wrong with the indicators? LOL.
LOL, well, to understand indicators correctly.
  • #411,522
  • Mar 22, 2011 11:02am Mar 22, 2011 11:02am
Quoting Azinvg
No one is trading right now?....i dont see prices on your posts
No, some of us have to do something with that thing in the kitchen that gets hot. All the best with your trade! Your stomach must be very strong.
Nothing worth having is easy.
  • #411,523
  • Mar 22, 2011 11:03am Mar 22, 2011 11:03am
Quoting Azinvg
No one is trading right now?....i dont see prices on your posts
whats to trade? you either long around 4180-4190 or thinking about shorting here... nothing is going to happen until we break below 4180 or daily open...
  • #411,524
  • Mar 22, 2011 11:04am Mar 22, 2011 11:04am
Quoting fldash
Indicators are garbage IMO. S/R, Pivots, Fibo, are all that matters... One of the hardest lessons to learn is that an overbought or oversold market can continue being overbought or oversold till you are broke.
Overbought and oversold are concepts that most of the traders don't pay much attention regarding forex but in my opinion, they are very important because, generally, in any market, you don't want to buy at an expensive price or sell at a cheap price. Therefore, we should be aware of these situations. I also learned that lesson and I plan before taking any decisions of going against the trend.

Of course, overbought and oversold only make sense in higher timeframes
  • #411,525
  • Mar 22, 2011 11:04am Mar 22, 2011 11:04am
Quoting attila
oh, i'm trading but you don't wanna hear my 2 pips targets. lol
Exactly. lol. Some of us are happy to be pulling in these scalpula's. I'm a 5m trader myself, and am constantly flipping positions. A 25-30 pip run is a big run for me lol. Greatly welcomed when they do happen though.
  • #411,526
  • Mar 22, 2011 11:06am Mar 22, 2011 11:06am
Is anyone in here a subscriber of Reuters or Bloomberg?

I am trying to get the prices for news feed of them, and I have been browsing on both sides but can't find prices for subscriptions.

Thanks.
  • #411,527
  • Mar 22, 2011 11:07am Mar 22, 2011 11:07am
Quoting Mr Bull
Overbought and oversold are concepts that most of the traders don't pay much attention regarding forex but in my opinion, they are very important because, generally, in any market, you don't want to buy at an expensive price or sell at a cheap price. Therefore, we should be aware of these situations. I also learned that lesson and I plan before taking any decisions of going against the trend.

Of course, overbought and oversold only make sense in higher timeframes
I've completely removed the concepts of overbought and oversold from my dictionary. As long as price keeps breaking levels I will keep buying or selling it. We have reached a top when we make a swing low and then that low is broken. If your not fading the current trend, this is what indicates to switch directions.

edit: That is, the current swing high is lower then the last swing high. Good god, this cold is kicking my asss today lol.
  • #411,528
  • Mar 22, 2011 11:09am Mar 22, 2011 11:09am
Quoting Venice
Exactly. lol. Some of us are happy to be pulling in these scalpula's. I'm a 5m trader myself, and am constantly flipping positions. A 25-30 pip run is a big run for me lol. Greatly welcomed when they do happen though.
maybe a scalping thread should be appropriate but i don't think we would get too many followers. scalping's tough, but fun i should add.
  • #411,529
  • Mar 22, 2011 11:10am Mar 22, 2011 11:10am
Quoting Mr Bull
Overbought and oversold are concepts that most of the traders don't pay much attention regarding forex but in my opinion, they are very important because, generally, in any market, you don't want to buy at an expensive price or sell at a cheap price. Therefore, we should be aware of these situations. I also learned that lesson and I plan before taking any decisions of going against the trend.

Of course, overbought and oversold only make sense in higher timeframes
I'm coming from equities, and they don't mean much there either. If a stock is overbought, and there is still demand, then it's going up regardless of how overbought it is...

I personally find channels, S/R, regression, pivots, and stacked MAs best for me...
  • #411,530
  • Mar 22, 2011 11:10am Mar 22, 2011 11:10am
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...
Hi plum

Guess what my account is yet again higher today!
rat
  • #411,531
  • Mar 22, 2011 11:11am Mar 22, 2011 11:11am
Quoting attila
maybe a scalping thread should be appropriate but i don't think we would get too many followers. scalping's tough, but fun i should add.
Oh yeah, I wouldn't be able to trade as a profession (when I actually am able to do it full time) without scalping.

As much fun as setting and order an coming back in a few days to see how it is doing is, and it does pull in a nice amount of pips. I need the constant interaction with the markets if I am going to do it.
  • #411,532
  • Mar 22, 2011 11:12am Mar 22, 2011 11:12am
Quoting rattyo
Hi plum

Guess what my account is yet again higher today!
.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411,533
  • Mar 22, 2011 11:18am Mar 22, 2011 11:18am
Quoting Venice
Oh yeah, I wouldn't be able to trade as a profession (when I actually am able to do it full time) without scalping.

As much fun as setting and order an coming back in a few days to see how it is doing is, and it does pull in a nice amount of pips. I need the constant interaction with the markets if I am going to do it.

I scalp a few each day. 20-infnity points in a spreadbet account have a separate CFD account I use for sticking stuff on for weeks different styles of trading totally.
rat
  • #411,534
  • Mar 22, 2011 11:18am Mar 22, 2011 11:18am
Quoting fldash
I'm coming from equities, and they don't mean much there either. If a stock is overbought, and there is still demand, then it's going up regardless of how overbought it is...

I personally find channels, S/R, regression, pivots, and stacked MAs best for me...
I disagree. I think even in stocks, it's very useful. Of course, you shouldn't see it in M1 or M5. Although stocks are traded only 8 hours a day, trying to evaluate if the price of a stock is in the overbought/oversold zone in a timeframe smaller than H4 is worthless.

I agree with you. All of those you mention are really some of the things to consider.
  • #411,535
  • Mar 22, 2011 11:21am Mar 22, 2011 11:21am
Quoting Magix
.
So Ive been following your posts lately and just want to say u seem like a very educated trader and want to give you credit , congrats on your success
  • #411,536
  • Mar 22, 2011 11:24am Mar 22, 2011 11:24am
Quoting navhin
USDCAD is trading bottom due to rise in oil price..USDCAD is commodity pair, if oil rises, the pairs heads down making CAD stronger....
EXACTLY! So why am I seeing USD/CAD going UP when it should be going DOWN because the oil's been rising all day??

And what's with EU? We are supposed to be a rally. This is it?? Pathetic!
Make your losses in demo. Earn your profits live.
  • #411,537
  • Mar 22, 2011 11:25am Mar 22, 2011 11:25am
Quoting Forexia
EXACTLY! So why am I seeing USD/CAD going UP when it should be going DOWN??

And what's with EU? We are supposed to be a rally. This is it??
I think we are seeing a lot of big money hold there breath until something, either good or bad, comes out of Libya
  • #411,538
  • Mar 22, 2011 11:28am Mar 22, 2011 11:28am
Quoting rattyo
I scalp a few each day. 20-infnity points in a spreadbet account have a separate CFD account I use for sticking stuff on for weeks different styles of trading totally.
I cannot speak for everybody, but given your track record on posting here Rat...

I would personally rather hear gunshots coming from my kids rooms then have to sit through your trading tips...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411,539
  • Mar 22, 2011 11:35am Mar 22, 2011 11:35am
Quoting Tafteer
i trade on a 4 hourly or daily chart and my target short is at 4160 .. wat do you think i should do since im just a newbie in this market?
I see it hitting that today or tomorrow....I would sit tight and make sure your R:R is good.

If you want my charts just look back through the thread or go to my blog at the bottom.
  • #411,540
  • Mar 22, 2011 11:36am Mar 22, 2011 11:36am
Quoting Venice
I think we are seeing a lot of big money hold there breath until something, either good or bad, comes out of Libya
E/U finds it a little hard to rally when equity markets are down. Just my opinion of course - lol! I'm sure someone somewhere will disagree. I'm not up with the latest correlations.
Nothing worth having is easy.
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