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  • #417,621
  • Apr 4, 2011 4:46pm Apr 4, 2011 4:46pm
Quoting kaspopsicle
Check top right . Just hope i'm worthy of you.
Thank you so much.Just glad I'm able to hopefully help the posters on this great forum. As soon as I have enough to do the same you certainly have one from me.Again, thanks.
  • #417,622
  • Apr 4, 2011 4:55pm Apr 4, 2011 4:55pm
Quoting Ineedpips9
Thank you so much.Just glad I'm able to hopefully help the posters on this great forum. As soon as I have enough to do the same you certainly have one from me.Again, thanks.
My sincere pleasure.
All systems of divination, like music itself,work through patterns.
  • #417,623
  • Apr 4, 2011 5:02pm Apr 4, 2011 5:02pm
Quoting Ineedpips9
quick question. does anyone know where we can watch bank of bernake speak live?
If the Fed speaks to Congress, it's generally carried live on C-SPAN (I or II). If the Fed speaks to a private gathering, generally not carried live.
  • #417,624
  • Apr 4, 2011 5:05pm Apr 4, 2011 5:05pm
Quoting Ineedpips9
quick question. does anyone know where we can watch bank of bernake speak live?
Why do you want to do that? I'd rather watch my chart.

Anyway...coming back to that lovely EU (the point of this thread). That 4280 area looks pretty...
  • #417,625
  • Apr 4, 2011 5:14pm Apr 4, 2011 5:14pm
Quoting OldQuant
If the Fed speaks to Congress, it's generally carried live on C-SPAN (I or II). If the Fed speaks to a private gathering, generally not carried live.
Gotcha.Thanks.

"Why do you want to do that? I'd rather watch my chart."

I might take a glance at a chart, but I normally don't trade anything after the ny close anymore. Instead, I'll wait for whatever happens during this time to start a trend. If the trend has started and is defined by around 5 or 6am, then I'll place my trade(s).Alot of times if I take a trade off my interpretation of what economic news is reported it seems as if I'm going against the trend.This makes me feel like out of ALL the traders in the world I'm the only one going against the grain. I guess its kind of a law of large numbers kinda thing.
  • #417,626
  • Apr 4, 2011 5:25pm Apr 4, 2011 5:25pm
Quoting Ineedpips9
"Why do you want to do that? I'd rather watch my chart."

I might take a glance at a chart, but I normally don't trade anything after the ny close anymore. Instead, I'll wait for whatever happens during this time to start a trend. If the trend has started and is defined by around 5 or 6am, then I'll place my trade(s).Alot of times if I take a trade off my interpretation of what economic news is reported it seems as if I'm going against the trend.This makes me feel like out of ALL the traders in the world I'm the only one going...
Exactly, I don't trade after London close, maybe on 4 hour only, but that doesn't happen very often... And I never trade the news. By the way, 5-6 am looks like Tokyo close, doesn't it? How do you know the trend established in the Asian session is not going to be reversed by the European banks/traders with the news coming out in the morning?
  • #417,627
  • Apr 4, 2011 5:31pm Apr 4, 2011 5:31pm
Quoting Traderji
I hope people recognize the vastly different styles of posts from the so-called "experts" here.

On the one hand there are a few people here like PTL, Sissie, Hatch etc who post without fuss or drama. For the most part their posts are informative and good reading. They don't seek adoration or post self-congratulatory notes. They don't abuse others and generally are good citizens of the FF community.

On the other hand, you have folks like Cloggie, Magix, Taranuntla and manic like Redsword who went truly mental this weekend and last week too....
maniac...... ?

........... l have trained a whole legion of PA traders by myself ....... who trade this market like putty in their hands ...... fact


they can now practically trade ANY PAIR ANY TF - what have you achieved ?



( just when you thought it was safe ........ )
  • #417,628
  • Apr 4, 2011 5:36pm Apr 4, 2011 5:36pm
Quoting cammomile
...How do you know the trend established in the Asian session is not going to be reversed by the European banks/traders with the news coming out in the morning?
In fact, it usually is reversed during this time.At least for cable, it reverses almost on cue. Fibre does the same, just doesn't react as quickly as cable does, at least for me anyways. Might have to do with me feeling more comfortable with cable than fibre.

A wise man once told me "London Rules this B!tch!" And this has and will remain true.I try to get in halfway through the London session to get my pips before I've gotta leave. If I'm at my desk all day I might let one trade ride until the end of the London session.The daily high or daily low will usually be made at this time.
  • #417,629
  • Apr 4, 2011 5:40pm Apr 4, 2011 5:40pm
SHORT

@ 4221 / sl 4258

target 4121
  • #417,630
  • Apr 4, 2011 5:42pm Apr 4, 2011 5:42pm
Quoting cammomile
Exactly, I don't trade after London close, maybe on 4 hour only, but that doesn't happen very often... And I never trade the news. By the way, 5-6 am looks like Tokyo close, doesn't it? How do you know the trend established in the Asian session is not going to be reversed by the European banks/traders with the news coming out in the morning?
7-8 hour cycles . An I/T trend will burn itself most of the time.. Check out the Wormhole.
All systems of divination, like music itself,work through patterns.
  • #417,631
  • Apr 4, 2011 5:44pm Apr 4, 2011 5:44pm
Quoting navhin
Well even i'm nt sure..i'm using UWCFX broker.. it is stated in their TC that when extreme situation or exceptional circumstance occurs in the market, the might disable some currency pair trading for margin safety of traders.
Attached File(s)
File Type: pdf general_business_terms.pdf   813 KB | 396 downloads


Attached File(s)
File Type: pdf conflict_of_interest_policy.pdf   439 KB | 344 downloads


You should read this..

READ THAT, CONFLICT OF INTEREST !
  • #417,632
  • Apr 4, 2011 5:47pm Apr 4, 2011 5:47pm
Quoting Ineedpips9
In fact, it usually is reversed during this time.At least for cable, it reverses almost on cue. Fibre does the same, just doesn't react as quickly as cable does, at least for me anyways. Might have to do with me feeling more comfortable with cable than fibre.

A wise man once told me "London Rules this B!tch!" And this has and will remain true.I try to get in halfway through the London session to get my pips before I've gotta leave. If I'm at my desk all day I might let one trade ride until the end of the London session.The daily high or daily...
Yes, but then there is NY and NYSE open, which reverses London PA... Although I am 5min TF junky, lately I am thinking 1hour entries off a daily chart are a lot less stressful.
  • #417,633
  • Edited 6:03pm Apr 4, 2011 5:53pm | Edited 6:03pm
Quoting cammomile
Yes, but then there is NY and NYSE open, which reverses London PA... Although I am 5min TF junky, lately I am thinking 1hour entries off a daily chart are a lot less stressful.
Just curious...what is your methodology/ system?

I see from your profile that you are into a variety of stuff. Could you explain in simplistic terms ....your personal methodology ...
or specifically how you junk out on M5?
All systems of divination, like music itself,work through patterns.
  • #417,634
  • Apr 4, 2011 5:57pm Apr 4, 2011 5:57pm
Quoting cammomile
Yes, but then there is NY and NYSE open, which reverses London PA... Although I am 5min TF junky, lately I am thinking 1hour entries off a daily chart are a lot less stressful.
The ny session will reverse it as it tries to throw its weight around, but not until London has its say by establishing the day's hi or lo. I use to start my trading day at 11am and always get burned trading the trend because ny would start its reversal just as I was enterring and trying to go with the established trend.
This is why I go for 10-30 pips on the day. Anything after that is gravy.
  • #417,635
  • Apr 4, 2011 5:59pm Apr 4, 2011 5:59pm
What a boring day at the charts. Still short for now, off to a dinner. Good luck! Price is still not too bad to get in....as slow as this is moving it will probably be the same price when I get back tonight ha
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.gif Size: 22 KB
  • #417,636
  • Apr 4, 2011 6:01pm Apr 4, 2011 6:01pm
Quoting balut
SHORT

@ 4221 / sl 4258

target 4121
Any reason? Personal opinion - there is no PA in either direction atm on 5min tf. On higher TFs 4200 was rejected twice today.
  • #417,637
  • Apr 4, 2011 6:15pm Apr 4, 2011 6:15pm
Quoting Ineedpips9
but not until London has its say by establishing the day's hi or lo.
This is why I go for 10-30 pips on the day. Anything after that is gravy.
I wouldn't say that it happens 100%, sometimes it does and sometime it doesn't. Forex market is too complicated for that, in my view. I prefer to look at the price action and support and resistance on a longer TF for a trend and to establish potential entries and exits. It is game of probabilities after all.
  • #417,638
  • Apr 4, 2011 6:17pm Apr 4, 2011 6:17pm
soft talk by bernanke
  • #417,639
  • Edited 6:41pm Apr 4, 2011 6:20pm | Edited 6:41pm
Quoting cammomile
Why do you want to do that? I'd rather watch my chart.

Anyway...coming back to that lovely EU (the point of this thread). That 4280 area looks pretty...
Quoting cammomile
Any reason? Personal opinion - there is no PA in either direction atm on 5min tf. On higher TFs 4200 was rejected twice today.
Quoting kaspopsicle
Just curious...what is your methodology/ system?

I see from your profile that you are into a variety of stuff. Could you explain in simplistic terms ....your personal methodology ...
or specifically how you junk out on M5?
Helloooo... r you ignoring me ?

Any reason?

I'm really curious as to where you are coming from....with your charts etc.

Care to share?
All systems of divination, like music itself,work through patterns.
  • #417,640
  • Apr 4, 2011 6:26pm Apr 4, 2011 6:26pm
Quoting suthmo
Todays target 4280/310 might get a dip test of 4110 before the big move up (only went 99 pips made and lost while at work)8am. This is all based on my own system, follow at your own risk of course. 4280 todays high 8pm down to 4150 Friday 12pm to 4220 Close weekend went short. Mon back down to 4155 (was +38 then reversed and sl -15pip 12pm and from there to 4310 Monday close. (35 mins to target) Tue 4165 buy to 4320
We shall see.
Founder of Sutherland Wave Principle
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