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  • #425,181
  • Apr 20, 2011 7:09am Apr 20, 2011 7:09am
Quoting talentfx
short
lemme ask you a question. while your super indicators are bottomed, why are you selling? you don't even know your own system.
  • #425,182
  • Apr 20, 2011 7:09am Apr 20, 2011 7:09am
Quoting harora
I will be bidding on a signal near 4450, what is yours outlook....
dont think there is much chance at getting down there today, its possible, but slim chance...in addition you should consider what the chart will look like if we do trade down that way, might not look as bullish...
Look Sharp/Trade Tight
  • #425,183
  • Apr 20, 2011 7:09am Apr 20, 2011 7:09am
Quoting johnnyrei
This forum is great way to gain knowledge and to give knowledge. I just don't understand people who come here and rant or laugh and don't show any charts or outlooks or tps. That's what I really don't like.
The problem is when someone comes in here who blatently doesn't know what they are doing, then proves it time and time again, and yet proclaims themself the greatest trader in history.

Leads to many strays off of a cliff. Hey talent, how many newbies did you lose money for this week? How about next?

That isn't even proper swing trading. Maximum draw down on a daily chart should be around 50-70 pips, and weekly 100-150. I know on the daily swings, I am not happy when I start getting into those 50-70 pip draw downs. But 500? C'mon, you have to be serious and take this business serious. Not randomly placing an order and cheerleading it.

FWIW, short entries on the daily were Wednesday/Thursday last week. Yes, I did post them and my general bearish outlook.

The massive crash was just an added bonus that slipped past my targets.

Then you have people who seen the massive down candle, expecting it to continue going and instead dig themselves a massive hole.

Let's be real. Even the beginner trades should know that after a 250 pip down day based around the current ADR we had no other direction to go but back up, even if for a bounce. (Throwing all levels out the window).

Now we are back to the top of the previous range. Let PA tell you where it's going to go and follow it, not cheerleading and hope. Close your orders out when you are wrong. Taking losses is part of this business... it's not a hard concept. The sooner you start doing it the sooner you can begin making money.

PS... i'm flat again up here. Only scalps again.
  • #425,184
  • Apr 20, 2011 7:09am Apr 20, 2011 7:09am
Quoting attila
lemme ask you a question. while your super indicators are bottomed, why are you selling? you don't even know your own system.
maybe he trades it differently.
  • #425,185
  • Apr 20, 2011 7:10am Apr 20, 2011 7:10am
Quoting attila
lemme ask you a question. while your super indicators are bottomed, why are you selling? you don't even know your own system.
He takes trade crosses in the opposite directions of what they are currently reading.

It still only comes out to a accuracy of around 50%. They are lagging indicators for a reason.
  • #425,186
  • Apr 20, 2011 7:11am Apr 20, 2011 7:11am
Quoting Venice
The problem is when someone comes in here who blatently doesn't know what they are doing, then proves it time and time again, and yet proclaims themself the greatest trader in history.
many flow through here. many exit with silence when they've been bummed.

many still call after the fact.

hilarious shit.
  • #425,187
  • Apr 20, 2011 7:11am Apr 20, 2011 7:11am
Quoting attila
lemme ask you a question. while your super indicators are bottomed, why are you selling? you don't even know your own system.

What do you think a 12-yr old comprehension level really is?
  • #425,188
  • Apr 20, 2011 7:13am Apr 20, 2011 7:13am
Quoting talentfx
short
Still being a contrarian indicator I see.
  • #425,189
  • Apr 20, 2011 7:13am Apr 20, 2011 7:13am
out + 1 pip count -499
Ambition
  • #425,190
  • Apr 20, 2011 7:13am Apr 20, 2011 7:13am
Quoting fxvoilaaa
maybe he trades it differently.
of course. i'm long....

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot.png Size: 10 KB
  • #425,191
  • Apr 20, 2011 7:13am Apr 20, 2011 7:13am
Quoting talentfx
short
????doesnt look like you been trading for 5 years ????

here are few tips from my experience...follow this today or you will come to know by yourself after few years...LOL

all you need is to master one indicator... thats all.....
and a second indicator to confirm the trade.

get rid of others and clean up your chart.

give more space to read the price action + candle bars + not to indicators

read some books on RSI or MACD only....if and only if you want some advice based on personal experience


|edit| and certainly not on m5... never....
  • #425,192
  • Apr 20, 2011 7:14am Apr 20, 2011 7:14am
Quoting talentfx
out + 1 pip count -499
Good job, son!

Now, rinse and repeat........at least, let's say, 499 times?
  • #425,193
  • Apr 20, 2011 7:15am Apr 20, 2011 7:15am
Quoting cloggie
What do you think a 12-yr old comprehension level really is?
curfews don't mean jack these days....
  • #425,194
  • Apr 20, 2011 7:15am Apr 20, 2011 7:15am
Quoting PayTheLimit
4498/4510 will be in the way...
in addition, the close of this big bull candle or 4485/93, wont be easy for the bears to get to far below it me thinks...might even be a better place to look for buys...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.gif Size: 25 KB
Look Sharp/Trade Tight
  • #425,195
  • Apr 20, 2011 7:15am Apr 20, 2011 7:15am
Quoting Venice
The problem is when someone comes in here who blatently doesn't know what they are doing, then proves it time and time again, and yet proclaims themself the greatest trader in history.

Leads to many strays off of a cliff. Hey talent, how many newbies did you lose money for this week? How about next?

That isn't even proper swing trading. Maximum draw down on a daily chart should be around 50-70 pips, and weekly 100-150. I know on the daily swings, I am not happy when I start getting into those 50-70 pip draw downs. But 500? C'mon, you have to...
keep it up
  • #425,196
  • Apr 20, 2011 7:15am Apr 20, 2011 7:15am
EU is pissing me off now. make ur mind up
  • #425,197
  • Apr 20, 2011 7:15am Apr 20, 2011 7:15am
Quoting talentfx
sell position
Please, tell us when you are going to buy so we can pick the exact top and make a lot of pips
  • #425,198
  • Apr 20, 2011 7:16am Apr 20, 2011 7:16am
Quoting T.E.Lawrence
Good job, son!

Now, rinse and repeat........at least, let's say, 499 times?

A risk reward ratio of 1:350, too bad he is too young to apply at McD, trading isn't really for him. He must be the most talented trader here for exactly to the pip picking the wrong trade consistently.
  • #425,199
  • Apr 20, 2011 7:16am Apr 20, 2011 7:16am
Quoting Venice
Still being a contrarian indicator I see.
very opinionated venice.
rat
  • #425,200
  • Apr 20, 2011 7:17am Apr 20, 2011 7:17am
Looks like a good place for bulls to book some profit

I might even be tempted to sell a small one with a stop at 1.4555

current 1.4515
Mind over matter..I don't mind and you don't matter.
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