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  • #430,141
  • Apr 27, 2011 5:54pm Apr 27, 2011 5:54pm
Quoting FxPlayboy
Nov 2010? Didnt see any PA near 4190 tho, if you mean 2009, closest would be nov 3 but it isn't a top thou. So does the chart i post earlier related with 4190?

You are right 09 it is, had to look back over my notes. Now see how 4790 kept switching between support and resistance on the H4 from October, all the way to the end of November. As a matter of fact, find the most important SR during those 6-8 weeks and what number do you come up with. Don't go looking for tops, look for active levels that keep coming back and then look back at today and see how attractive that number looked based on PA and by all means throw up some basic Indies if you want to, but see how that 4790 would become a huge magnet to today's price.

Now just imagine what all those traders around the world were thinking once that idiot at the FED started to spout his BS. Ah fuck it might as well park it right there for the day and let London fight over it tomorrow, done that plenty of times before.
  • #430,142
  • Apr 27, 2011 5:55pm Apr 27, 2011 5:55pm
Quoting needpips
Well...I am coming off a very bad loss in AU....yes, I "hoped"....I went against all my experience.....anyway, Im really enjoying learning from you and others...thanx for your info and help.
Ditto! I have had a great days trading experience. Gained a few pips and enjoyed listening intently to Cloggie.
Many thanx.

Cmon Citeh (messi)
  • #430,143
  • Apr 27, 2011 5:55pm Apr 27, 2011 5:55pm
Thanks Phanti. Very good stuff Cloggie thanks
  • #430,144
  • Apr 27, 2011 5:56pm Apr 27, 2011 5:56pm
I don't know what reaction this will get:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd110427h1.gif Size: 22 KB
Gone to a better place
  • #430,145
  • Apr 27, 2011 5:58pm Apr 27, 2011 5:58pm
Quoting lukyman
Ditto! I have had a great days trading experience. Gained a few pips and enjoyed listening intently to Cloggie.
Many thanx.

Cmon Citeh (messi)

Today was the best day on this thread for 2 years. I am still here. I was going to give up with all the idiots about just ruining it for everyone.

I started today very sarcastically fully expecting the thread to be ruined, but once it wasn't I started on a roll and haven't stopped yet really.

This thread is the only place I use right now to share some of what I know as I guard my privacy immensely and would never do this face to face.

It has been good for me today as well, I enjoyed the hospitality here.
  • #430,146
  • Apr 27, 2011 5:59pm Apr 27, 2011 5:59pm
Quoting smikester
I don't know what reaction this will get:

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Member Since Mar 2007
2,859 Posts 10+v vouches

i am confused.

anyway good night
Hero calls followed by margin calls...
  • #430,147
  • Apr 27, 2011 6:01pm Apr 27, 2011 6:01pm
Quoting cloggie
There is nothing else, the biggest idiots and tools have made it in this business. You need to be like a dog with a bone, over time and with the right approach you will succeed.

Just go back to basics, that's where it all originates. Every Indy in the world is based on price, so start focusing on the price and not the Indy or tool. Your watch or clock is your best tool. It breaks the day down to what you need to look at and for.

Just keep thinking about that driving analogy I posted earlier, you don't think when you drive, so stop thinking when...
Ay, agreed.
Thing is, I'm an extreme sceptic, I could hit myself for it sometimes, but that's my nature. I wouldn't use any indicators, draw lines etc. unless I knew what they represented and then would argue that they cannot represent anything and trade intuitively, just to be hit by something I did not forsee.

Reflective shortterm price action is something I can go d'accord with though.

Which levels do I have to incorporate in total? Yesterdays, today's as they occur, major reversals from history, is that all? How to handle situations when price escapes from your estimations? Currently that gives me fear, which is where I'm no longer believing to be in control, thus act emotionally.
  • #430,148
  • Apr 27, 2011 6:01pm Apr 27, 2011 6:01pm
Quoting cloggie
Today was the best day on this thread for 2 years. I am still here. I was going to give up with all the idiots about just ruining it for everyone.

I started today very sarcastically fully expecting the thread to be ruined, but once it wasn't I started on a roll and haven't stopped yet really.

This thread is the only place I use right now to share some of what I know as I guard my privacy immensely and would never do this face to face.

It has been good for me today as well, I enjoyed the hospitality here.


hope you r not drunken?

see ya tomorrow
Hero calls followed by margin calls...
  • #430,149
  • Apr 27, 2011 6:02pm Apr 27, 2011 6:02pm
yep, been a good day on the thread, very positive and constructive...
  • #430,150
  • Apr 27, 2011 6:02pm Apr 27, 2011 6:02pm
Quoting frevd
How to handle situations when price escapes from your estimations?

Stops.


Just start looking how historic levels repeat themselves and how easy they are to identify, then you will have so much fun with this that you wouldn't want to do anything else.

It feels extremely good knowing what is going to happen before it does, there is nothing else in life where you would be able to know how things pan out before they do, imagine how that feels when you can do that over and over again without having to thing about it. That is what succesful trading is about, knowledge is power and power in this case is a road to wealth that nothing else in this world could give you.
  • #430,151
  • Apr 27, 2011 6:03pm Apr 27, 2011 6:03pm
Quoting PhAnTi'


hope you r not drunken?

see ya tomorrow

I am on my second bottle of a lovely Margaux I picked up last weekend, if I start talking rubbish just tell me to fuck off.
  • #430,152
  • Apr 27, 2011 6:03pm Apr 27, 2011 6:03pm
I've seen some sparks fly on this thread and generally stay away. Tonight was a treat, though.
Gone to a better place
  • #430,153
  • Apr 27, 2011 6:04pm Apr 27, 2011 6:04pm
how do you guys see long entry from 1.4775 up to 1.48? I hope it will happen until it hits my SL at 1.4760
  • #430,154
  • Apr 27, 2011 6:04pm Apr 27, 2011 6:04pm
Quoting cloggie
You are right 09 it is, had to look back over my notes. Now see how 4790 kept switching between support and resistance on the H4 from October, all the way to the end of November. As a matter of fact, find the most important SR during those 6-8 weeks and what number do you come up with. Don't go looking for tops, look for active levels that keep coming back and then look back at today and see how attractive that number looked based on PA and by all means throw up some basic Indies if you want to, but see how that 4790 would become a huge magnet to...
Ah... got it. Another tool in the toolbox, thanks buddy. So i guess, from today on wards, we can play it with the history as guide. Does the 3 numbers you mentioned earlier from history too?

Here's the chart too: (broker starts each day with GMT 0000)
Note R turns S...
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_4 Hours_snapshot.png Size: 23 KB
Make it rain baby
  • #430,155
  • Apr 27, 2011 6:05pm Apr 27, 2011 6:05pm
Quoting cloggie
Stops.
IC, doesn't invalidate or change anything of the overall predictions then I guess (if they were done correctly).
  • #430,156
  • Apr 27, 2011 6:07pm Apr 27, 2011 6:07pm
Quoting FxPlayboy
Ah Does the 3 numbers you mentioned earlier from history too?

Nothing special about those 3 numbers I played here for 6-8 hours, they were there all along for all to see. I just know how to spot them through the noise.

Start taking notes, if that happens, then that is next, if it doesn't then that stands and we go back to that.

That in a nutshell is how I think.
  • #430,157
  • Apr 27, 2011 6:07pm Apr 27, 2011 6:07pm
Quoting frevd
IC, doesn't invalidate or change anything of the overall predictions then I guess (if they were done correctly).

Spot on, changes nothing, unless something else triggers. You weren't wrong, you were just ill-timed, don't let it happen again. How many times did a trade go to your original TP after gotten stopped out? Plenty I am sure, good work on your entries then, they are crap. So your stop hit does not mean your thinking is wrong, it most likely means your entry was crap unless another trigger gets hit proving that your direction was wrong after all, if it doesn't, just look for your next entry.
  • #430,158
  • Apr 27, 2011 6:11pm Apr 27, 2011 6:11pm
Quoting mario83
how do you guys see long entry from 1.4775 up to 1.48? I hope it will happen until it hits my SL at 1.4760
again .... only Joanna can give you some hope...forex doesnt.


dont trade this session tough....u wont be happy in the long run

Inserted Video
Hero calls followed by margin calls...
  • #430,159
  • Apr 27, 2011 6:12pm Apr 27, 2011 6:12pm
Quoting cloggie
I am on my second bottle of a lovely Margaux I picked up last weekend, if I start talking rubbish just tell me to fuck off.
Nonono C ,

all ok.... keep creamy
Hero calls followed by margin calls...
  • #430,160
  • Apr 27, 2011 6:16pm Apr 27, 2011 6:16pm
BTW, anyone taking notice of current PA and how it corresponds to what I posted was going to happen a few hours ago. Very few can succesfully make money at this time of the day. Venice is about the only exception I know of here that can do it aside from me.

Know what session not to trade because whatever edge you may have just doesn't work overtime.
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