Attachments: EURUSD

EURUSD

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#417,661
Apr 4, 2011 7:19pm Apr 4, 2011 7:19pm

Venice
Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts

Quoting SunTrader

Disliked

Of course I started as so many do believing that the shorter the timeframe the safer and more productive I could be. All the while having others more smater than me tell me why am I killing myself trying to beat Wall Street (this was stocks at the time) at their game.

Then when I moved into futures first and then added forex second I moved out to longer timeframes and things became more rational for me. Not saying others can't trade 1 minute/5 minute charts profitably.

But if someone can trade they can trade any timeframe seeing how markets...

Ignored

Hey Sun... how did you learn to be patient with the daily trades? I think i've said this many times here in the forums but I work a 9-5 m-f, so I usually scalp asia. I try and get long term positions started around this time, it never ends up being the best. Then when I finally do get in positive territory I end up closing the position out way to early. Probably coming from a scalpers mind, trying to shift it to the daily charts. Not an easy task at all. Right now i've been mostly daily'ing the swissy as it had a pretty smooth chart, or at least did till the dollar started getting into it's little mess.

The ultimate strategy, is to of course, scalp with some running dailies.

#417,662
Apr 4, 2011 7:21pm Apr 4, 2011 7:21pm

kaspopsicle
| Membership Revoked | Joined Mar 2010 | 3,853 Posts

Quoting cammomile

Disliked

It is great that you have found something that works for you. This is what it is all about in trading.

Ignored

What TF are you on about now?

H1 and higher or are you still undecided ?

Whatever, please do pay some attention to quoting the appropriate poster when you post.

There is enough confusion inherent in an interractive thread without somebody being so careless and inattentive to their environment that they disregard the notion of respect for others.

All systems of divination, like music itself,work through patterns.

#417,663
Apr 4, 2011 7:21pm Apr 4, 2011 7:21pm

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

Quoting Lady broker

Disliked

Again ... how long for the next 5-6 months?

Ignored

Hey, long time Lady B. Hi.

Probably a couple of months but I'll probably drag my TradeStation setup with me. Actually last summer was the first in awhile that I didn't.

Stick around yourself.

#417,664
Apr 4, 2011 7:30pm Apr 4, 2011 7:30pm

kaspopsicle
| Membership Revoked | Joined Mar 2010 | 3,853 Posts

Quoting Patience

Disliked

Do I need to get the Jell-o out Kas? Gator is not around. It's usually his job.

Ignored

Hi Patience ....being mentally unstable i've completely forgotten what Jell-O is.

All systems of divination, like music itself,work through patterns.

#417,665
Apr 4, 2011 7:32pm Apr 4, 2011 7:32pm

cammomile
| Joined Apr 2009 | Status: Call me Sister | 224 Posts

Quoting kaspopsicle

Disliked

What TF are you on about now?

H1 and higher or are you still undecided ?

Whatever, please do pay some attention to quoting the appropriate poster when you post.

There is enough confusion inherent in an interractive thread without somebody being so careless and inattentive to their environment that they disregard the notion of respect for others.

Ignored

I think you must go have some sleep like you said in your earlier post, but is still hanging around here, lecturing. Good night and hope you informed the seniors here that you are a self proclaimed moderator and resident clown.

#417,666
Apr 4, 2011 7:41pm Apr 4, 2011 7:41pm

thorr
| Joined Jun 2009 | Status: Trader | 156 Posts

Federal Reserve Chairman Ben S. Bernanke said any increase in inflation resulting from higher commodity prices will be “transitory”

so as far as i understand that they do realize that they create bubbles that will explode soon

sooner or later they need to take some money off the table

#417,667
Apr 4, 2011 7:41pm Apr 4, 2011 7:41pm

kaspopsicle
| Membership Revoked | Joined Mar 2010 | 3,853 Posts

Quoting cammomile

Disliked

I think you must go have some sleep like you said in your earlier post, but is still hanging around here, lecturing. Good night and hope you informed the seniors here that you are a self proclaimed moderator and resident clown.

Ignored

Yes Guv.. no Guv..

This is far too entertaining for sleep....shall i feed you a little more rope?

All systems of divination, like music itself,work through patterns.

#417,668
Apr 4, 2011 7:51pm Apr 4, 2011 7:51pm

Patience
Joined Oct 2006 | Status: Trader | 7,219 Posts

Quoting kaspopsicle

Disliked

Hi Patience ....being mentally unstable i've completely forgotten what Jell-O is.

Ignored

ROFL. Well if we are going to get a Pipchick/Snatch bitch slapping session, I thought I may as well get it prepared for ya. Place your bets. My money is on Kas.

Nothing worth having is easy.

#417,669
Apr 4, 2011 7:53pm Apr 4, 2011 7:53pm

Kowalczyk
| Joined Jan 2011 | Status: Trader | 851 Posts

Is anyone else expecting a large drop in EUR/USD tomorrow?

#417,670
Apr 4, 2011 7:57pm Apr 4, 2011 7:57pm

CockeyedCowboy
Joined Apr 2006 | Status: Trader Keit | 286 Posts

Quoting SunTrader

Disliked

Probably a couple of months but .....

Ignored

What mountains do you go to?

Every summer I head to one of the national forest last year it was the Great Smokey in western NC.

I too go to FL for the winter and head to the mountians in the summer. been doing it sence 2006. Bring my trading room with me, Library and all.

Keit

Trader Keit ... Methods Of A Dirt Road Mad Man....

#417,671
Apr 4, 2011 8:00pm Apr 4, 2011 8:00pm

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

Quoting Venice

Disliked

Hey Sun... how did you learn to be patient with the daily trades? I think i've said this many times here in the forums but I work a 9-5 m-f, so I usually scalp asia. I try and get long term positions started around this time, it never ends up being the best. Then when I finally do get in positive territory I end up closing the position out way to early. Probably coming from a scalpers mind, trying to shift it to the daily charts. Not an easy task at all. Right now i've been mostly daily'ing the swissy as it had a pretty smooth chart, or at least...

Ignored

I learned how to be patient just like most everything else I guess, by just doing it. Do it or else motivates me. I look at it as I'm an adult so I can follow my rules or I shouldn't be trading.

I read here today on FF (not on this thread) someone else's comment that they have a rule of never adding to a losing trade. A good rule I believe, others might disagree. But they added: except every so often they can't help themselves. Now I don't stick to every rule I have in every single instance so it wouldn't be right to ask why they don't stick to their rule 100%. But that is rule I have never broken - since I started to follow it, at least. No good having a rule if you make exceptions.

See the swing trades I do I might get stopped out once, twice, three times before the move I expected happens. Easily less than 50% are successful. I give the trade plenty of room stops-wise but then I get plenty on the other end when they follow through to the target area or beyond.

But this whole microtrading trend came about when commissions (or spread in forex) dramatically dropped and instantaneous data/executions came about.

The level of trader account blowouts stayed the same. So that must tell you shorter timeframes didn't improve things or make them worse. Just made it easier to lose your money quicker, if you didn't know what you are doing.

I've followed your trades and you do. As well as some others here.

If I didn't have the time or resources to devote to this I might still be down there on the 1 and 5 with you.

#417,672
Apr 4, 2011 8:05pm Apr 4, 2011 8:05pm

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

Quoting CockeyedCowboy

Disliked

What mountains do you go to?

Every summer I head to one of the national forest last year it was the Great Smokey in western NC.

I too go to FL for the winter and head to the mountians in the summer. been doing it sence 2006. Bring my trading room with me, Library and all.

Keit

Ignored

The Irish Alps otherwise known as The Catskill Mountains in upstate New York seeing how I am originally from New York City I return there most summers to be close to the big city but have the outdoors too.

#417,673
Apr 4, 2011 8:08pm Apr 4, 2011 8:08pm

kaspopsicle
| Membership Revoked | Joined Mar 2010 | 3,853 Posts

Quoting Patience

Disliked

ROFL. Well if we are going to get a Pipchick/Snatch bitch slapping session, I thought I may as well get it prepared for ya. Place your bets. My money is on Kas.

Ignored

Patience, i've always respected your ability to spot high probability trades.
Thank You.
ps ... You've just raised my book....if i dont make it the moneys with my corner.

All systems of divination, like music itself,work through patterns.

#417,674
Apr 4, 2011 8:12pm Apr 4, 2011 8:12pm

CockeyedCowboy
Joined Apr 2006 | Status: Trader Keit | 286 Posts

Quoting SunTrader

Disliked

The Irish Alps otherwise known as The Catskill Mountains in upstate New York seeing how I am originally from New York City I return there most summers to be close to the big city but have the outdoors too.

Ignored

I was born in northern NH in the White Mountain area. Still have my snow shoes

. Guess some won't know what they are.

Keit

Trader Keit ... Methods Of A Dirt Road Mad Man....

#417,675
Apr 4, 2011 8:20pm Apr 4, 2011 8:20pm

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

Quoting CockeyedCowboy

Disliked

I was born in northern NH in the White Mountain area. Still have my snow shoes . Guess some won't know what they are.

Keit

Ignored

Closest I made it to there was the Green Mountains of Killington/Stowe/MadRiver Glen ski areas.

#417,676
Apr 4, 2011 8:24pm Apr 4, 2011 8:24pm

mercy seat
Joined Mar 2010 | Status: Trader | 42,434 Posts

Quoting mercy seat

Disliked

Potenzial (+06) bullish ... changed from +02 to +06 ...

Elliott points up ... as infinitus has been mentioned before ...

Central PP zone around 1.4177 ...

We should expect to see lower levels at first ... maybe something around that zone or even 1.4154 - 1.4132 area later again ...

Later we may find us in a buy on dips scenario then ...

First down then up ... and then corrective downside again ... in case of three major moves ...

;-|

Ignored