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  • #440,301
  • May 11, 2011 10:14pm May 11, 2011 10:14pm
Quoting radit27
im still newbiew...still young...and not expert...my scalping is too bad.. u can guide me soon

Hey Radit,

You are Great Traders.

I've taken your recomendation , and look at what happened to my account.

I went to sleep after entering the trade..


Wow look at that man, my account grew 25% just overnight !!!!. With USD12,000 profit .You should write more and recommen.

I'm sure to follow your tips.

Great Radit !!!!
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #440,302
  • May 11, 2011 10:22pm May 11, 2011 10:22pm
Quoting needpips
Yes Infi...u are correct about 5th extension, so Ramses, your point about 1.4155 is very accurate....

This is where EW has burnt me before....I tried dictating what it should be.....typically, It takes a few days, or a week or so to really see what is transpiring......my theory:

a 61.8% retrace first has to be achieved....personally, if 1.4155 holds, I believe we may be in for a 1.50+ scenario.....lotta wait and C.....BRB

Hi Needpips,

that is the main problem with using EW and trading: one too often tend to trade what one believe and not what one sees. I take it with T@rantula: Reaction, not prediction.

The 61.8% retracement is a nice target for a wave 2 oftentimes, but when forces are high don't be surprised with a small and shallow retracement. We will then likely see a deeper retracement in wave 4 (rule of alternation).
  • #440,303
  • May 11, 2011 10:29pm May 11, 2011 10:29pm
Quoting infinitus
Hi Needpips,

that is the main problem with using EW and trading: one too often tend to trade what one believe and not what one sees. I take it with T@rantula: Reaction, not prediction.

The 61.8% retracement is a nice target for a wave 2 oftentimes, but when forces are high don't be surprised with a small and shallow retracement. We will then likely see a deeper retracement in wave 4 (rule of alternation).
Yes...we shall see...Ive got a very small short on now from ... 4230...looking for 25-30 .... mainly just an exercise in entry strategy...one of the things I have noticed is that the 10:00 am time frame is a great time to for a directional / trend trade....
  • #440,304
  • May 11, 2011 10:35pm May 11, 2011 10:35pm
My drawing
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  • #440,305
  • May 11, 2011 10:41pm May 11, 2011 10:41pm
Quoting tornado11
Now that is enlightening!!!!
Glad you like it...
  • #440,306
  • May 11, 2011 10:43pm May 11, 2011 10:43pm
get ready guys
be patient, self-belief and discipline... stay focus...
  • #440,307
  • May 11, 2011 10:44pm May 11, 2011 10:44pm
total bs ... you went in with 20 lots on a 60 k account where a 50 pip move loses you 10 k and you went to sleep... for f**k sake get off the demo and trade a live account

In monopoly I do not worry either....

I trade with real lots sizes of 10 to 15 and shit pants as soon as i enter a trade and my account is way bigger than 60 k




Quoting Pat Chiko
Hey Radit,

You are Great Traders.

I've taken your recomendation , and look at what happened to my account.

I went to sleep after entering the trade..


Wow look at that man, my account grew 25% just overnight !!!!. With USD12,000 profit .You should write more and recommen.

I'm sure to follow your tips.

Great Radit !!!!
Blogging daily now at www.volume.zone
  • #440,308
  • May 11, 2011 10:47pm May 11, 2011 10:47pm
Quoting ferndog
Glad you like it...

If you are new to Forex? Say Goodbye to your account!!
  • #440,309
  • May 11, 2011 10:49pm May 11, 2011 10:49pm
good morning..
Look Sharp/Trade Tight
  • #440,310
  • May 11, 2011 10:52pm May 11, 2011 10:52pm
wow nice entry short
Attached Image (click to enlarge)
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be patient, self-belief and discipline... stay focus...
  • #440,311
  • May 11, 2011 10:52pm May 11, 2011 10:52pm
wow 1 pip move i made 670% of account ....

I do not get it .. eu is moving in 100 pip farts these last few days and traders are shouting how great they are getting 7 pip and 13 pip moves ... not to mention es ,silver , gold , oil , gu crazy moves etc. vix has picked up nicely and as of June we could see more large moves as QE2 comes to an end and us stock markets correct .... blame will be in greece ... or the housing market or AIG ... one , the other or all three

lol.... I come here just for the entertainment
Blogging daily now at www.volume.zone
  • #440,312
  • May 11, 2011 10:53pm May 11, 2011 10:53pm
AUD intraday...testing support
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Look Sharp/Trade Tight
  • #440,313
  • May 11, 2011 10:53pm May 11, 2011 10:53pm
Quoting PayTheLimit
good morning..
Good morning

Remember Your pinky circle?
Quite to the pip

Amazing!
RichieEU
  • #440,314
  • May 11, 2011 10:54pm May 11, 2011 10:54pm
Quoting Pat Chiko


Hey Radit,

You are Great Traders.

I've taken your recomendation , and look at what happened to my account.

I went to sleep after entering the trade..


Wow look at that man, my account grew 25% just overnight !!!!. With USD12,000 profit .You should write more and recommen.

I'm sure to follow your tips.

Great Radit !!!!
20 lots x 2 no stop loss and go to sleep, you must be crazy person
95% er i think
If you are new to Forex? Say Goodbye to your account!!
  • #440,315
  • May 11, 2011 10:56pm May 11, 2011 10:56pm
Quoting malcolmb14
total bs ... you went in with 20 lots on a 60 k account where a 50 pip move loses you 10 k and you went to sleep... for f**k sake get off the demo and trade a live account

In monopoly I do not worry either....

I trade with real lots sizes of 10 to 15 and shit pants as soon as i enter a trade and my account is way bigger than 60 k
haha.... u heard Pat Chiko....try live heee u see the different....:nerd:
be patient, self-belief and discipline... stay focus...
  • #440,316
  • May 11, 2011 10:57pm May 11, 2011 10:57pm
Quoting RichieEU
Good morning

Remember Your pinky circle?
Quite to the pip

Amazing!
lol, which one this one...quite by luck, I just drew it there to make a point...lol
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Look Sharp/Trade Tight
  • #440,317
  • May 11, 2011 10:58pm May 11, 2011 10:58pm
assuming 1,4280 holds and us market have another down day tomorrow ...

1.4050 1st target based on sell off 1.4250 and 200 pip range day much like today , thursday and friday ....

Trading can be that simple....nice of them to make a little bear flag in Asia.

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Blogging daily now at www.volume.zone
  • #440,318
  • May 11, 2011 11:01pm May 11, 2011 11:01pm
here is channel ... 1.4280 taken out in london then may reconsider selling but i am selling rallies till a 12 hour chart changes .... the down moves are much more severe than the up moves at the moment....
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Quoting malcolmb14
assuming 1,4280 holds and us market have another down day tomorrow ...

1.4050 1st target based on sell off 1.4250 and 200 pip range day much like today , thursday and friday ....

Trading can be that simple....nice of them to make a little bear flag in Asia.

Attachment
Blogging daily now at www.volume.zone
  • #440,319
  • May 11, 2011 11:01pm May 11, 2011 11:01pm
Quoting PayTheLimit
AUD intraday...testing support
daily, got a bounce off of 1.06ish which was the close of the bar that tested support last week, still looking for a close below 1.0506/40 to signal a possible test of ....well lower, lol...
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Look Sharp/Trade Tight
  • #440,320
  • May 11, 2011 11:03pm May 11, 2011 11:03pm
Quoting PayTheLimit
lol, which one this one...quite by luck, I just drew it there to make a point...lol
Quite good point!

After all in my opinion retracement in 38.2% fibo or 1.4255 should be expected.

Maybe some scalp shorts but mainstream buy bias
RichieEU
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