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  • #428,121
  • Apr 25, 2011 10:31pm Apr 25, 2011 10:31pm
Ok yup out of short going long what does everyone think
Attached Image (click to enlarge)
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Ambition
  • #428,122
  • Apr 25, 2011 10:33pm Apr 25, 2011 10:33pm
Quoting talentfx
Next 4 minutes will decide if i drop short and go long or not
Finefine, follow your system and you will be free from feeling guilty (and can optimize it if it fails, so it improves with every loss). Then just make sure that you don't have large losing trades (i.e. don't sit and watch it get bigger, have the balls to cut the losses once it's clear that you're not seeing what you intend to see, but not earlier).

off
  • #428,123
  • Apr 25, 2011 10:35pm Apr 25, 2011 10:35pm
Quoting FXEZ
I'm curious as to how many people use sentiment readings in their EURUSD trading?
Myself, if I can't see it, I won't trade it.

Having said that, I do watch SWFX (because I trade there) and the COT. The only time I really keep it in mind is when we're at an upper or lower edge of a large move...kinda like now, where many scream...its going down...it has to! When I see the majority of small fish are short, I see immediate potential for violent runs against them (me)...as in, several hundred pips.

I can't ever see myself basing actual trades off of it, however. That's just me.
  • #428,124
  • Apr 25, 2011 10:36pm Apr 25, 2011 10:36pm
Quoting talentfx
Ok yup out of short going long what does everyone think
following up on the discussion about sentiment - what "everyone" thinks is not important, and most probably will not give you profits (not the mass wins, the others are ). since that is your trade, you have to pull the trigger and know why.
  • #428,125
  • Apr 25, 2011 10:36pm Apr 25, 2011 10:36pm
Quoting frevd
Finefine, follow your system and you will be free from feeling guilty (and can optimize it if it fails, so it improves with every loss). Then just make sure that you don't have large losing trades (i.e. don't sit and watch it get bigger, have the balls to cut the losses once it's clear that you're not seeing what you intend to see, but not earlier).

off
I agree thx
Ambition
  • #428,126
  • Apr 25, 2011 10:40pm Apr 25, 2011 10:40pm
Quoting frevd
following up on the discussion about sentiment - what "everyone" thinks is not important, and most probably will not give you profits (not the mass wins, the others are ). since that is your trade, you have to pull the trigger and know why.
yaya its more of a gloating thing since everyone says im a bad trader I want to show some of them whats really goin on here. mostly just listening to nusic watching closely waiting for the big moves.its a very dynamic approach and usually puts me at the beggining of big moves but i can enter middles too its awsome my lifes work.
Ambition
  • #428,127
  • Apr 25, 2011 10:43pm Apr 25, 2011 10:43pm
Quoting geojams
Right now both dailyfx and dukascopy are showing that sentiment is long...so yes, I miss out on the retracements, but my feeling is that I don't want to be caught on the wrong side of the trend when trying to pick up a few pips.
I'm not sure of any of the others you mention, but I'm not sure if you are reading the Dukas data correctly. Consumers have been short with them for a long, long time. At present:

55.54% of Consumers (us) are Short. 44.46% are Long

Therefore:

55.54% of Providers (them) are Long. 44.46% are Short
  • #428,128
  • Apr 25, 2011 10:44pm Apr 25, 2011 10:44pm
Quoting talentfx
yaya its more of a gloating thing since everyone says im a bad trader I want to show some of them whats really goin on here. mostly just listening to nusic watching closely waiting for the big moves.
watch out for the news, we've quite a bunch this week, although fundamentals recently haven't played their roles well, at least shortterm,
otherwise this would be a nice estimation:
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  • #428,129
  • Apr 25, 2011 10:47pm Apr 25, 2011 10:47pm
Quoting frevd
watch out for the news, we've quite a bunch this week, although fundamentals recently haven't played their roles well, at least shortterm,
otherwise this would be a nice estimation:
thats good you brought up the news my mas are great i can see breakout s very clearly so i dont worry about news just have my finger on the trigger or a stop but not too close.
Ambition
  • #428,130
  • Apr 25, 2011 10:48pm Apr 25, 2011 10:48pm
Quoting talentfx
thats good you brought up the news my mas are great i can see breakout s very clearly so i dont worry about news just have my finger on the trigger or a stop but not too close.
sure thing, unless you fall asleep or your computer crashes, always put a safety stoploss somewhere, and don't move it!
  • #428,131
  • Apr 25, 2011 10:49pm Apr 25, 2011 10:49pm
Quoting kenfen69
I'm not sure of any of the others you mention, but I'm not sure if you are reading the Dukas data correctly. Consumers have been short with them for a long, long time. At present:

55.54% of Consumers (us) are Short. 44.46% are Long

Therefore:

55.54% of Providers (them) are Long. 44.46% are Short
You left out part of my message. I said, "I use the Dukascopy provider data..." I go with what the Providers are doing, not the Consumers.
  • #428,132
  • Apr 25, 2011 10:51pm Apr 25, 2011 10:51pm
Quoting frevd
sure thing, unless you fall asleep or your computer crashes, always put a safety stoploss somewhere, and don't move it!
yah thats true its never happened but your right
Ambition
  • #428,133
  • Apr 25, 2011 10:53pm Apr 25, 2011 10:53pm
Quoting frevd
sure thing, unless you fall asleep or your computer crashes, always put a safety stoploss somewhere, and don't move it!
stoploss in place thx
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Ambition
  • #428,134
  • Apr 25, 2011 10:53pm Apr 25, 2011 10:53pm
Quoting geojams
You left out part of my message. I said, "I use the Dukascopy provider data..." I go with what the Providers are doing, not the Consumers.
Sorry mate...my apologies...getting tired.

  • #428,135
  • Apr 25, 2011 10:54pm Apr 25, 2011 10:54pm
Quoting thelws
I'm interested in your experiment. Although I don't understand how short term sentiments can help scalping. What are you attempting to extract that price action itself cannot give? Are you trying to generate some kind of market internal data? If yes, then keep me posted
Yes market internal data that isn't on the chart. The dictionary definition of sentiment is: an attitude toward something; regard; opinion. This definition sums up the first EURUSD sentiment project I've been working on. This boils down to a single percentage from 0 to 100 of bullish sentiment (the iniverse is bearish sentiment) under this definition and is sampled about every 5 minutes.

Aggregation of a number of traders' actual positions (demo or real) and in some cases orders is done by SWFX, SSI, Oanda, CoT, and others (E-Toro) and if I get around to it, the forex sentiment experiment will do the same but provide information on very short timeframes. It's just in the conceptual phase at this time.
  • #428,136
  • Apr 25, 2011 10:54pm Apr 25, 2011 10:54pm
using the h.. the breakout would be the h closing below 4495.7 (rejected atm)... this one closed below may bring 4399 ... closing below 4391 may bring 4340... close below 4339 and lower move expected. predictive next level is 4551.6, its on the chart.
those who can, do. those who cant, talk about those who can
  • #428,137
  • Apr 25, 2011 10:55pm Apr 25, 2011 10:55pm
Quoting kenfen69
Sorry mate...my apologies...getting tired.

No worries.
  • #428,138
  • Apr 25, 2011 10:56pm Apr 25, 2011 10:56pm
Quoting talentfx
stoploss in place thx
Make a Journal?
  • #428,139
  • Apr 25, 2011 10:56pm Apr 25, 2011 10:56pm
Quoting talentfx
yah thats true its never happened but your right
forex markets are littered with accounts that were hit by things that usually never happen .

by the way, trading is not a who-clicks-faster discipline (unless you're a scalper). you should know in advance what your target is, and you should set a stoploss. this will mainly protect you from yourself and your emotions, because the conditions during the trade change and you will act emotionally and invalidating your target or stoploss during the trade will invalidate the whole base of your former entry, so will no longer be based on your strategy and you cannot improve it. Moving stoplosses is only valid if you are disciplined enough and have enough experience to tell why it is necessary (e.g. news or other noise), since SLs are not as flexible as needed.
  • #428,140
  • Apr 25, 2011 10:58pm Apr 25, 2011 10:58pm
Quoting kenfen69
In fairness...very rare around these parts, too. Pips in bank...clean clothes all around coming up!

Have to go finish the laundry now. Will help to have a fresh look anyway.

Back in a bit.

Did you do well the laundry I mean..
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