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  • #454,861
  • Jun 3, 2011 9:58am Jun 3, 2011 9:58am
Quoting infinitus
Have time limits when scalping. When PA stays to long at a certain Murrey Math level I am out. That was the case. In the moment I closed the position it took off. Shit happens, but hey, 5 pips are 5 pips :-)
Hi Markus- this momentum your reffered to is it also called ROC or something different?
Cheers
  • #454,862
  • Jun 3, 2011 9:59am Jun 3, 2011 9:59am
Well, Good Breakout strategy, bought at 1.4560 closed at 1.4583
I know it was a risk here but as I mentioned in my previous post if broke above 1.4560 would target 1.4490/00 but then reviewed my chart well to see that 1.4585 is a good target.
After closing the buy order, I opened a sell order at 1.4580 with take profit at 1.4515 but might jump it to 1.4535 later on according to price action...
For sellers who have orders below 1.4500, I am afraid to tell you that 1.4510/20 might be forming a front support line for more highs at least for begining of next week unless a crucial news comes out and hugely effect the market, if breaks you'll have a good journey to 1.4260/70 later on...
  • #454,863
  • Jun 3, 2011 9:59am Jun 3, 2011 9:59am
Quoting FibbinArchie
only taking long entries atm, not good odds fighting the trend on a friday pm...
well touched h4 supply, london will take the cash from the table. hmm dont think that theres more room to the upside today.

anyway lets c.
Hero calls followed by margin calls...
  • #454,864
  • Jun 3, 2011 9:59am Jun 3, 2011 9:59am
guys peace por favor - ok so fx norm seems to be typecast, but for christs sake - can we all stay in the same boat - u know u row my friend and i take the bucket, oh and you - you should try and keep a look out for land on the horizon.. and if someone sees a seagull try and catch it - just stay away from the sharks.. cause they bite .. hmmm peace to all have a great weekend out of here with 140 pips for the day - enjoy what ever it is you are doing..

hey and fx norm -u too have a great weekend.
  • #454,865
  • Jun 3, 2011 9:59am Jun 3, 2011 9:59am
Quoting Venice
Archie is doing just fine... I have seen his winners and losers as he decides to post them.

I have a lot of posts, absolutely. I'm here more for the chit chat and social side of things ... the trading is just a secondary party of it. I also trade the daily chart... so I have plenty of time to jack around in here.

Your right though, I always watch for rats like you that crawl out of their holes. Send you right back to where your worthless ass came from.
just ignore him v and hopefully he'll go away...
  • #454,866
  • Jun 3, 2011 10:00am Jun 3, 2011 10:00am
Quoting Chicky
Me too.

Lets get the hell out of this place.
absolutely.

phanti s off
Hero calls followed by margin calls...
  • #454,867
  • Jun 3, 2011 10:01am Jun 3, 2011 10:01am
Quoting FXNorm
To all you newbie's..there's not ONE guy on here out of hundreds that knows how the markets work..they don't have a clue..if you follow them you will lose your money..guaranteed

Charting doesn't work..thats why they're all losers, because they're "chartists" lmao

They want you to believe they're one of the 5% so you'll suck up to them...sorry, its the truth.


Hi FxNorm,

what is up, buddy? So you claim that FA is THE solution for us chartists. Well, now I am eager to hear from you a good explanation how a restructuring of Greek debt will affect my further trading. How will it affect my trading, when Greek decides to default rather than to pay back their debt? What is your take of the situation, that the taxpayers have to, once again, bail out the banks which hold a great amount of Greek debt? How will this (taxpayers bailing out the banks) affect social mood? How will this change of social mood affect their spending? How will a change of spending habits in Euro-Zone affect the relation of Euro to USD?

I am eager to hear your answers. And I think Sisse will listen too :-)


Breath in, breath out, then answer please.


Best to you, Markus
  • #454,868
  • Jun 3, 2011 10:02am Jun 3, 2011 10:02am
Quoting FibbinArchie
just ignore him v and hopefully he'll go away...
Fair enough.
  • #454,869
  • Jun 3, 2011 10:02am Jun 3, 2011 10:02am
Quoting PhAnTi'
well touched h4 supply, london will take the cash from the table. hmm dont think that theres more room to the upside today.

anyway lets c.
hmm, seen these go right into the close and gap in trend direction on the sunday, fundies are supporting, weak nfps, just when qe3 is in the balance and positive resolution on greece all but signed and sealed...

let's see...
  • #454,870
  • Jun 3, 2011 10:03am Jun 3, 2011 10:03am
As off my bellow post my first target 46.

Happy Trading

Quoting khizer
In big t/f still looking bullish patern, n rsi may corosses uper level, if brake uper rsi level than next 46 ~ 47.
Trade what you see, Not what you think.
  • #454,871
  • Jun 3, 2011 10:04am Jun 3, 2011 10:04am
Quoting infinitus
Tell me, tell me, tell me
Hope u got my PM , sent u my Plan and now nothing to do only watching and waiting TP OR SL

Time will tell
egkid
  • #454,872
  • Jun 3, 2011 10:05am Jun 3, 2011 10:05am
Quoting egkid
Hope u got my PM , sent u my Plan and now nothing to do only watching and waiting TP OR SL

Time will tell
egkid
How are things settling in Egypt eg?
  • #454,873
  • Jun 3, 2011 10:10am Jun 3, 2011 10:10am
I see a possible sell here/watching to see if it fits my plan/650 or so isn't out for me yet though
  • #454,874
  • Jun 3, 2011 10:11am Jun 3, 2011 10:11am
Quoting Chicky
Dear FxNorm,

Since I am basically a chartist, need your help in understanding how rising unemployment and Moody's intentions of downgrading US will affect euro/usd. In the past, negative news about usd tend to give it boost because of the fear of short dollar supply. But for last several months, this is not happening anymore.

Will appreciate your comments on this.
lol, don't hold your breath...
  • #454,875
  • Jun 3, 2011 10:14am Jun 3, 2011 10:14am
Quoting Venice
How are things settling in Egypt eg?
Thanks for asking
It's getting better but to clean and building the house it take some time and effort but as long as most of Egyptian Youth have faith and vision for our country one day will reach our target for better country
Thanks for asking bro
  • #454,876
  • Jun 3, 2011 10:18am Jun 3, 2011 10:18am
Quoting ady_babe
Hi Markus- this momentum your reffered to is it also called ROC or something different?
Cheers
Hi Ady,

have never tried ROC for that. My point:

I trade basically of off Murrey Math lines. Sometimes price spents a lot of time at a certain Murrey math trading line with little back and forth. If the duration is too long like 5 minutes, I simply close the position. With each minute more there is growing probability for a move against my position.

Hope that helps.

Best to you,


Markus
  • #454,877
  • Jun 3, 2011 10:20am Jun 3, 2011 10:20am
don't forget numb nuts is talking in an hour, audience q's expected...
  • #454,878
  • Jun 3, 2011 10:23am Jun 3, 2011 10:23am
“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance. The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves…” - Jesse Livermore
The Thief of Wall Street
  • #454,879
  • Jun 3, 2011 10:24am Jun 3, 2011 10:24am
u know what i felt i had too say this - once in my life i ended up homeless on the streets, tough gig - but you always find the beauty in the darkest things, fx norm i can see ur anger, i have been there but let me tell you these beautifull color full people surrounding you are just that, fortuneately fx norm u will never know the feeling of sleeping with one eye open or watching for the knife in the back - this i know trust me, take time to reflect - let by gones be by gones - live only the moment - and remember the past has gone - thats what it is, look around u if you dont like what you see then change it - visualise it - see it feel being that amazing trader and you will attract that into your life, loose the anger - and the frustration and think yourself lucky that you aint walking the line on the streets for down their my friend it really is do or die, so stay safe cool and calm and remember tomorrow is another beautfiull day - live it to the max - we live in a beautiful world - god bless too all - out of here with 150 pips tempted to see if it hits 146 plus change but then maybe not..
  • #454,880
  • Jun 3, 2011 10:25am Jun 3, 2011 10:25am
seriously messed up some shorts in 1.43 levels...... any bets from =the Pros here for that range?
1 week? 1 month?
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