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  • #434,401
  • May 3, 2011 5:38pm May 3, 2011 5:38pm
Quoting buonvangvn
add short 1.4868 sl 30
http://www.forexfactory.com/showpost...stcount=434078

http://www.forexfactory.com/showpost...stcount=434016

closed 2 short +62
  • #434,402
  • May 3, 2011 5:40pm May 3, 2011 5:40pm


Inserted Video
  • #434,403
  • May 3, 2011 5:45pm May 3, 2011 5:45pm
Quoting cloggie
Isn't she beautiful.
She's all magnety and stuff.
  • #434,404
  • May 3, 2011 5:47pm May 3, 2011 5:47pm
Quoting kenfen69
She's all magnety and stuff.

Knowing what exact number forms a range is something 99.99999% of retailers are clueless about and spend zero time on reseraching even though a currency spends most of its time in a range. Retailers, especially posters here love to be the hero and anticipate entries, only to be stopped out because they can't figure out what forms a range and what ends it.

Just look at talentless and countless others that will keep on jumping on any red bar they see on the M1 hoping and praying that it is the one that will break the pattern or range. Anybody here shorting this at this time of day is an utter idiot and deserves a margin call, just to put them out of their misery and show them that trading is not for them and never will be unless they spend some time learning price behaviour.
  • #434,405
  • May 3, 2011 5:51pm May 3, 2011 5:51pm
Quoting sidhujag
Like gator said I think it wants to test the next support 40.50

Hit TP and reverse order up +1 so far
  • #434,406
  • May 3, 2011 5:52pm May 3, 2011 5:52pm
Quoting cloggie
Knowing what exact number forms a range is something 99.99999% of retailers are clueless about and spend zero time on reseraching even though a currency spends most of its time in a range. Retailers, especially posters here would love to be the hero and anticipate entries, only to be stopped out because they can't figure out what forms a range and what ends it.
guilty some of the time. when i know. it's a great day. when i don't, don't ask.
  • #434,407
  • May 3, 2011 5:54pm May 3, 2011 5:54pm
Quoting AllyB
guilty some of the time. when i know. it's a great day. when i don't, don't ask.

Well then start learning, never ever start trading for the day unless you know the triggers that will start forming the range and finding the levels within a range that will keep it from leaving it. Your next step is to spot the patterns and the range extremities so you can trade the moves to the next one.
  • #434,408
  • May 3, 2011 5:56pm May 3, 2011 5:56pm
Quoting cloggie
Knowing what exact number forms a range is something 99.99999% of retailers are clueless about and spend zero time on reseraching even though a currency spends most of its time in a range...
Serious number...looking back historically. Then, is it a surprise the pivot is so close today? Surprise that a 50% fib of yesterday's daily candle is nearly here to the pip.

I could keep listing reason after after reason...but I've done my homework. Others should, too.
  • #434,409
  • May 3, 2011 5:58pm May 3, 2011 5:58pm
Quoting kenfen69
Serious number...looking back historically. Then, is it a surprise the pivot is so close today? Surprise that a 50% fib of yesterday's daily candle is nearly here to the pip.

I could keep listing reason after after reason...but I've done my homework. Others should, too.

And isn't it lovely that plenty of idiots here have posted short calls after I posted that little number here an hour ago. I continue to be amazed how ill prepared all the noobs here are. If you look back at my post I actually gave a time when a move should be anticipated, and guess what?????????

Quoting cloggie

Am I short biased right now, no. I will trade what the market gives me and will give it time to complete the pattern here. This will need at least another hour before we get a tradeable move.
Ouch. The oracle has spoken, few have listened.
  • #434,410
  • May 3, 2011 6:00pm May 3, 2011 6:00pm
Quoting cloggie
And isn't it lovely that plenty of idiots here have posted short calls after I posted that little number here an hour ago. I continue to be amazed how ill prepared all the noobs here are. If you look back at my post I actually gave a time when a move should be anticipated, and guess what?????????
But...the money is required and appreciated. I ain't working for free.
  • #434,411
  • May 3, 2011 6:02pm May 3, 2011 6:02pm
... but forgive me for asking the 1000001th : and where can i learn that?

thanks

green pips
Quoting cloggie
Well then start learning, never ever start trading for the day unless you know the triggers that will start forming the range and finding the levels within a range that will keep it from leaving it. Your next step is to spot the patterns and the range extremities so you can trade the moves to the next one.
dreams do come true.
  • #434,412
  • May 3, 2011 6:02pm May 3, 2011 6:02pm
Quoting cloggie
Well then start learning, never ever start trading for the day unless you know the triggers that will start forming the range and finding the levels within a range that will keep it from leaving it. Your next step is to spot the patterns and the range extremities so you can trade the moves to the next one.
ranges is what i have worked on and have them down pretty well. what i don't have down is how to react to the ranges i have selected. meaning, is this a major or just a speed bump, that sort of thing. and to be honest, if i don't know, i don't trade. not one trade today because i felt i was not prepared.
  • #434,413
  • May 3, 2011 6:03pm May 3, 2011 6:03pm
Quoting wannaberich
... but forgive me for asking the 1000001th : and where can i learn that?

thanks

green pips

There are 3 great resources to tap into: screen time, screen time and screen time.
  • #434,414
  • May 3, 2011 6:05pm May 3, 2011 6:05pm
Throw it out the window or nail it on your wall...i'm off

little gator + spider + clogs...still adjusting the blend, but it starts to taste good

keep posting the hints

nite all
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  • #434,415
  • May 3, 2011 6:07pm May 3, 2011 6:07pm
Quoting AllyB
ranges is what i have worked on and have them down pretty well. what i don't have down is how to react to the ranges i have selected. meaning, is this a major or just a speed bump, that sort of thing. and to be honest, if i don't know, i don't trade. not one trade today because i felt i was not prepared.

Being able to spot the ranges is a great hurdle to have conquered, now you just need to spend time observing them, especially using timeframe progression and the next hurdle will be overcome. The first step in doing so is finding the single digit that works like the glue, look back an hour ago, I posted the exact number and guess what, we are still here.
  • #434,416
  • May 3, 2011 6:09pm May 3, 2011 6:09pm
maybe the aswer appears when i blink?

no jokes now: maybe i am not aware of how ranges are important. i was already aware of how important you say they are because i have read past posts from u stating that.

got to make a bigger effort there. got to remember to look at the chart from the range point of view.

well, 90 pips today. close my last 2 shorts a few minutes ago. one with -6 pips (waited all i could to see if it broke. it did. up) and the other were a nice 50 pips)

gotta rest the bones

good night to u all

Quoting cloggie
There are 3 great resources to tap into: screen time, screen time and screen time.
dreams do come true.
  • #434,417
  • May 3, 2011 6:09pm May 3, 2011 6:09pm
Quoting cloggie
There are 3 great resources to tap into: screen time, screen time and screen time.
Don;t think that's enough.
you think our talentfx would trade better after 3 months of screen-time?

maybe trend will change till then and he'll be buying on the way down.
That is if he still has any change left.

I think you need a lot of dedication, a bit of average+ IQ, a whole lot of time, nerves, discipline, not to mention patience
It may look piece of cake to you but trading isn;t for just anybody, and you sure worked your ass to get here.
  • #434,418
  • May 3, 2011 6:13pm May 3, 2011 6:13pm
Quoting wannaberich
maybe the aswer appears when i blink?

no jokes now: maybe i am not aware of how ranges are important. i was already aware of how important you say they are because i have read past posts from u stating that.

got to make a bigger effort there. got to remember to look at the chart from the range point of view.

well, 90 pips today. close my last 2 shorts a few minutes ago. one with -6 pips (waited all i could to see if it broke. it did. up) and the other were a nice 50 pips)

gotta rest the bones

good night to u all
You need to find a way that works for you, take copious notes thoughout the day, I have filled bookcases of notebooks with trading journals. Nowadays it is so much easier just keep taking screenshots and save them in a file, take written notes alongside of them and at the end of the day start going over them. Over time you will start to recognise patterns and behaviours that will start coming naturally. Start thinking about single levels wihin a range that act like the magnet, kind of the pivot of the range (not necessarily in the middle of it) and see how you get on identifying them, then start looking at price behaviour away from that trigger and you can quickly see when a range is about to break for you.
  • #434,419
  • May 3, 2011 6:14pm May 3, 2011 6:14pm
Quoting prezd
Don;t think that's enough.
you think our talentfx would trade better after 3 months of screen-time?

maybe trend will change till then and he'll be buying on the way down.
That is if he still has any change left.

3 months is never going to be enough, anyone with less then 10 years is still a noobie in my eyes.
  • #434,420
  • May 3, 2011 6:14pm May 3, 2011 6:14pm
Quoting cloggie
Being able to spot the ranges is a great hurdle to have conquered, now you just need to spend time observing them, especially using timeframe progression and the next hurdle will be overcome. The first step in doing so is finding the single digit that works like the glue, look back an hour ago, I posted the exact number and guess what, we are still here.
4822 ... i really appreciate your input to my progress. what you have pointed out is exactly what i am working on. it takes more than one digit, but that gives you one heck of an advantage just knowing that. combine that with the range and break it down into chunks ... you got a plan.
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