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  • #416,441
  • Mar 31, 2011 10:55am Mar 31, 2011 10:55am
Quoting Gleneagles
Sure it becomes a lot easier when you are making some decent bucks and you are in a comfort zone with your trading.
The sort of pressure and stress I enjoy most is wondering whether I will have enough ice and whether I have enough meat for the barbie.
Now I think that is a stress that most of us would like to endure
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #416,442
  • Mar 31, 2011 10:56am Mar 31, 2011 10:56am
Quoting Gleneagles
Sure it becomes a lot easier when you are making some decent bucks and you are in a comfort zone with your trading.
The sort of pressure and stress I enjoy most is wondering whether I will have enough ice and whether I have enough meat for the barbie.
NOW THATS STRESS!!!
  • #416,443
  • Mar 31, 2011 10:59am Mar 31, 2011 10:59am
Quoting Pumlitch
Yup.
my short TP is 4150 and buy limit 4148 with SL under DPP.

Edit: 4154 and 4152 they are. Not the values above.
SL at BE hit.

Hmmm, the idea was not so bad, the realisation limped a bit.
So, next time better.
Follow my trading on Twitter and FB: @pumlitch
  • #416,444
  • Mar 31, 2011 11:00am Mar 31, 2011 11:00am
Quoting Robby
Well, I see your point but having one member in the Euro doing good while everyone else is falling apart is not what I call a good bet and is not a reason for the Euro to be going up....
Is not point in comparing the EZ members with US states as you know the US is one country while the EZ is only a monetary union between some members of a bigger political/economic union.

If you are interested in that, there are some good sources (especially in the US) around comparing US individual states macro numbers (gdp, debt, macro ratios, contributions, subsidies, dependencies, etc) with the counterparts in the EZ but you may get very disappointed because they will show the opposite of your argument. The same goes for the interest rates impact on currencies I think you may need to go back to some basics, there are many sources academic and not around that can explain the concept in good detail.

I do agree Euro is a bit high for the current circumstances but 1.20xx why? based on?, again my 2 cents to have a very shallow notion is to check where euro and dollar were before comparable differential interest rates, inflation numbers, stock market indices and oil prices as a minimum gauge on where it should be. Add a pinch of salt and pepper (risk, QE3, debt and TA major S/R levels) and you may have a very broad and general number but again is not around 1.20xx (but if you do all that work you probably will be working for an investment bank and not in retail forex)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #416,445
  • Mar 31, 2011 11:06am Mar 31, 2011 11:06am
Ill rather to SELL

Attached Image (click to enlarge)
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http://www.imgplace.com/viewimg219/9...goodtosell.png
study of behavior and mind,conscious and unconscious
  • #416,446
  • Mar 31, 2011 11:10am Mar 31, 2011 11:10am
you putted fibo upside down

Quoting sclpzmalay
Ill rather to SELL

Attachment
http://www.imgplace.com/viewimg219/9...goodtosell.png
  • #416,447
  • Mar 31, 2011 11:14am Mar 31, 2011 11:14am
Quoting geocatalinfx
you putted fibo upside down
Maybe that is how they "Drain the Broker" ???
" Never let the past hold the future to ransom "
  • #416,448
  • Mar 31, 2011 11:16am Mar 31, 2011 11:16am
Quoting geocatalinfx
you putted fibo upside down
Yeah... i like inverted technique
study of behavior and mind,conscious and unconscious
  • #416,449
  • Mar 31, 2011 11:18am Mar 31, 2011 11:18am
Quoting Gleneagles
Maybe that is how they "Drain the Broker" ???
Never say never.
  • #416,450
  • Mar 31, 2011 11:19am Mar 31, 2011 11:19am
so we actually buy when you say sell ?

Quoting sclpzmalay
Yeah... i like inverted technique
  • #416,451
  • Mar 31, 2011 11:22am Mar 31, 2011 11:22am
Quoting sisse
lol. Excellent post.

No I wasn't looking for that or FA but sometime simpler. An objective measure I meant a defined open/close/high/low in a timeframe or a specific ATR range in which "visual" interpretation is out of the equation, as a non sense example using the last 2 daily DPP as swing high/low to draw the extensions or sometime like that.

In any case, clear explanation and your comments show that you are a real trader... 2 thumbs up.

sisse
ah, ok, I see... no, I prefer continuous MIN/MAX chart for measures:

candles is an indicator, just simple time/price OHLC indicator by periods, is good for calculations, bigger period - stronger signal for calculate. I do not rely on them, they are different from broker to broker, etc. Anyhow, they show a probable dynamics in orders concentration. By the way, there somewhere was a nicely explained golden strategy by Merlin for closing day (don't remember exactly), , I believe some people try it.. Any way, a good vanilla option exp. or some money printing news will destroy strategy based on OHLC.
Price coefficient angle - that's another story.

ATR, mmm, doubts on doubts, I agree there is average daily range for each currency, sure money flow is limited, but ATR is not what I particularly use, I would say the summarized distance or "way" in dynamics for such period, because 140p for EU is not a straigh line, where the "way" can exceed more than 400p per day, depend on volatility. Till now I do not know how to define it. Remember 500p EU range when Spain sold it's papers? yeah... atr.

DPP, I was reading and adjusting by ak4x, very good explanation, yes, it works, but this is not just my style. so...

just min/max, direction and dynamic of PA, some gov. actions as well to construct trade. reaction on multiple repeated signals only, avoiding any particular PA, and MM for sure... every day...

finally in simple words, it is intraday swings trading + EOD positions, and yes few longterms trades, but still learning...

thanks for kind words.
No crystal ball. I read the cards.
  • #416,452
  • Mar 31, 2011 11:23am Mar 31, 2011 11:23am
30M chart.
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  • #416,453
  • Mar 31, 2011 11:25am Mar 31, 2011 11:25am
Quoting sisse
Is not point in comparing the EZ members with US states as you know the US is one country while the EZ is only a monetary union between some members of a bigger political/economic union.

If you are interested in that, there are some good sources (especially in the US) around comparing US individual states macro numbers (gdp, debt, macro ratios, contributions, subsidies, dependencies, etc) with the counterparts in the EZ but you may get very disappointed because they will show the opposite of your argument. The same goes for the interest rates...

im not saying 1.2 mate. but from TA perspective, as long today we close unde 1.42922, that could read as double top on Monthly. Many funds and players are going to take profit and run that down to apx. 1.35..

Again, 1.45 or 1.5 is in perspective, but from today PA, we actualy may see that close below the last High on monthly at 4292

I posted few weeks ago that this is the second target. Today I took my profit at 4170, and as im concern, i sell rallies as long we trade below 4300..

have a good night...

P
  • #416,454
  • Mar 31, 2011 11:30am Mar 31, 2011 11:30am
bullish win again??? .hello,4250 .
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A chart helps those who can read it.
  • #416,455
  • Mar 31, 2011 11:31am Mar 31, 2011 11:31am
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  • #416,456
  • Edited 11:49am Mar 31, 2011 11:35am | Edited 11:49am
Quoting geocatalinfx
so we actually buy when you say sell ?
sell-sell
buy-buy <----- No matter

sell-buy
buy-sell <----- No matter

My scalp trading is too fast & furious on spread...I using full margin order...


Enjoy your pips .... Nite to all trader at GMT +8
study of behavior and mind,conscious and unconscious
  • #416,457
  • Mar 31, 2011 11:38am Mar 31, 2011 11:38am
on h4 ,we need to meet 4145 or 4250 ,then do another decision。
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #416,458
  • Mar 31, 2011 11:52am Mar 31, 2011 11:52am
http://www.federalreserve.gov/newsev...o20110331a.htm
  • #416,459
  • Mar 31, 2011 11:54am Mar 31, 2011 11:54am
Quoting sisse
Is not point in comparing the EZ members with US states as you know the US is one country while the EZ is only a monetary union between some members of a bigger political/economic union.

If you are interested in that, there are some good sources (especially in the US) around comparing US individual states macro numbers (gdp, debt, macro ratios, contributions, subsidies, dependencies, etc) with the counterparts in the EZ but you may get very disappointed because they will show the opposite of your argument. The same goes for the interest rates...
Well, I have been trading Forex for better than 10 years. Done all the different markets for 15+ years. So I all about what your talking about but I have a different opinion on what you see. I see it different than you. Euro need more imports of raw materials than the us. That would mean they are more dependent on stuff they can not control. This normally means a currency that is of less value. I do not look at small things. I look at the very big picture. The way I read the tea leaves is the euro should be below 1.20 more like 1 to 1 than up here at 1.40 level. Just my opinion.
  • #416,460
  • Mar 31, 2011 11:58am Mar 31, 2011 11:58am
Quoting Piters
im not saying 1.2 mate. but from TA perspective, as long today we close unde 1.42922, that could read as double top on Monthly. Many funds and players are going to take profit and run that down to apx. 1.35..

Again, 1.45 or 1.5 is in perspective, but from today PA, we actualy may see that close below the last High on monthly at 4292

I posted few weeks ago that this is the second target. Today I took my profit at 4170, and as im concern, i sell rallies as long we trade below 4300..

have a good night...

P
I do agree with you on the importance of monthly close. I don't want to define areas yet. I will wait for ECB conference to make my new map for the next trimester.

In my case, my daily chart with my 1st trimester daily swing trades I posted in December ends today. My last short trade and my FA reasons to look for short were WRONG (a deep pullback before interest rate hikes) and charts don't lie and clearly confirmed the failure the last 48 hours.

January view vs March view:

sisse
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Pending conversations? PM for a chat...I am mainly in OTM now
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