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  • #458,701
  • Jun 9, 2011 11:25am Jun 9, 2011 11:25am
Quoting Gleneagles
It is like anything in life, you learn by repetition.

If you look " at the PA " , it does not always make sense.
If you look "into the PA ", it starts to make sense.

Look how PA behaves ito patterns , rejection , continuation not only whether it is moving north or south.

If you focus on that aspect , you are more than halfway there.
which is what has gotten me in trouble this week
  • #458,702
  • Jun 9, 2011 11:26am Jun 9, 2011 11:26am
Quoting Gleneagles
It is like anything in life, you learn by repetition.

If you look " at the PA " , it does not always make sense.
If you look "into the PA ", it starts to make sense.

Look how PA behaves ito patterns , rejection , continuation not only whether it is moving north or south.

If you focus on that aspect , you are more than halfway there.
that is true..however PA today behave just as it should have..yesterday was bearish so quite logical to assume today was going to be bearish

yur right 100% after years of looking at PA u start seeing a language which is quite understandable
  • #458,703
  • Jun 9, 2011 11:29am Jun 9, 2011 11:29am
Quoting infinitus
I meant indeed the stochastics.


They can remain longer in overbought/oversold than anyone can stay solvent
Thats true ... you can observe slow stochastics for such purposes only when you do with many TFs and looking for crossover situations in various TFs ...

And can be used for scalping purposes ... but not for a real positioning ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #458,704
  • Jun 9, 2011 11:31am Jun 9, 2011 11:31am
Quoting AllyB
which is what has gotten me in trouble this week
I am lucky being able to pick the days and trading sessions that are probably better for dustbin trades. Trading Asian session can be a challenge although quite a few decent setups jumped out of the closet the past 2-3 weeks.

Often the best trade setups happen during LDN session.
" Never let the past hold the future to ransom "
  • #458,705
  • Jun 9, 2011 11:38am Jun 9, 2011 11:38am
Quoting Gleneagles
I am lucky being able to pick the days and trading sessions that are probably better for dustbin trades. Trading Asian session can be a challenge although quite a few decent setups jumped out of the closet the past 2-3 weeks.

Often the best trade setups happen during LDN session.
i am just going to sit back here and regroup. got to work with the time i have. would be nice to trade LDN though ...

i think i have a case of too much screen time this week
  • #458,706
  • Jun 9, 2011 11:41am Jun 9, 2011 11:41am
Quoting AllyB
which is what has gotten me in trouble this week

look at various time frames and try find patterns..this was an obvious on seen on 4hr..break of trendline triggered a sell..

dailly yesterday was bearish..should have been looking for sell opportunities

hope what i write helps
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  • #458,707
  • Jun 9, 2011 11:42am Jun 9, 2011 11:42am
roight, seeing a potential retest of the low, obvious chart support @ 445x, hourly close above 455x and my st bias switches back to bull...
  • #458,708
  • Jun 9, 2011 11:43am Jun 9, 2011 11:43am
Quoting AllyB
i am just going to sit back here and regroup. got to work with the time i have. would be nice to trade LDN though ...
Total pip count to me is not as critical as consistency. The benefit of consistency is that it can be compounded. Compounding if managed correctly elevates a trading system far above a mere " pip count"

You only need to 2-3 dustbin trades ,,each day, every day to turn it into a very handy little ATM.
" Never let the past hold the future to ransom "
  • #458,709
  • Jun 9, 2011 11:45am Jun 9, 2011 11:45am
Quoting nAVIN2007
look at various time frames and try find patterns..this was an obvious on seen on 4hr..break of trendline triggered a sell..

dailly yesterday was bearish..should have been looking for sell opportunities

hope what i write helps
hey i know your an excellent trader so all help is accepted from you my friend!
  • #458,710
  • Jun 9, 2011 11:45am Jun 9, 2011 11:45am
Quoting FibbinArchie
roight, seeing a potential retest of the low, obvious chart support @ 445x, hourly close above 455x and my st bias switches back to bull...

becarefull of the bear flag
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  • #458,711
  • Jun 9, 2011 11:45am Jun 9, 2011 11:45am
Quoting Gleneagles
Total pip count to me is not as critical as consistency. The benefit of consistency is that it can be compounded. Compounding if managed correctly elevates a trading system far above a mere " pip count"

You only need to 2-3 dustbin trades ,,each day, every day to turn it into a very handy little ATM.

AMEN to that -consistency is what its all about
  • #458,712
  • Jun 9, 2011 11:46am Jun 9, 2011 11:46am
Quoting Gleneagles
Total pip count to me is not as critical as consistency. The benefit of consistency is that it can be compounded. Compounding if managed correctly elevates a trading system far above a mere " pip count"

You only need to 2-3 dustbin trades ,,each day, every day to turn it into a very handy little ATM.
absolutely in agreement...

see attached (use the page tabs for years 2&3)...
Attached File(s)
File Type: xls Forex-Balancesheet 2011.xls   109 KB | 391 downloads
  • #458,713
  • Jun 9, 2011 11:46am Jun 9, 2011 11:46am
Quoting jaylovin
i believe we saw the highest it would reach at this point in time.. movement above 1.4646 and we will be visiting previous highs at 1.4696.. for now i expect this to move down... 1.4510... 1.4456 is my target... trailing SL already at BE from 1.4645 just in case..
well that was a but crappy... trailing stopped out at +20... then re added late at 1.4571... took profit at 1.4480..

will re enter in a sensible spot or long from 1.4456... but had it not have spiked it would have been a lovely day... still i am lucky to be green for today...

maybe we turn for the upside here.... who knows
  • #458,714
  • Jun 9, 2011 11:47am Jun 9, 2011 11:47am
Quoting Gleneagles
Total pip count to me is not as critical as consistency. The benefit of consistency is that it can be compounded. Compounding if managed correctly elevates a trading system far above a mere " pip count"

You only need to 2-3 dustbin trades ,,each day, every day to turn it into a very handy little ATM.
and right now for some stupid reason i have gotten away from that mindset. better get my sh!t back together here and do what works

Cheers!
  • #458,715
  • Jun 9, 2011 11:47am Jun 9, 2011 11:47am
Quoting AllyB
i am just going to sit back here and regroup. got to work with the time i have. would be nice to trade LDN though ...

i think i have a case of too much screen time this week
that is why i only trade 3 days a week , it is a time consuming, demanding way to trade and you tend to lose your focus if you don`t step away at times.

like right now, i am into unpaid overtime and it is time for a ....cold one
" Never let the past hold the future to ransom "
  • #458,716
  • Jun 9, 2011 11:48am Jun 9, 2011 11:48am
Quoting FibbinArchie
well after a lot of juggling and averaging (trying to catch the falling knife that was the press conference), i'm now back down to a regular sized lot, lg currently at b/e... what an afternoon...

note: all because i was swinging for the fences...

edit: OUT with profit, better than a kick in the rear end, now to objectively re-evaluate...

http://www.youtube.com/watch?v=J2HBdRCroks
Oops, sorry to read this. You are quite an experienced trader. Next time with these events, I'll call your ISP and shut down your connection for 2 hours
  • #458,717
  • Jun 9, 2011 11:48am Jun 9, 2011 11:48am
Quoting AllyB
hey i know your an excellent trader so all help is accepted from you my friend!
thank u for the compliment..its all relative my friend..keep at it..something will click..if u need anything, let me know always willing to help a brother out!!
  • #458,718
  • Jun 9, 2011 11:48am Jun 9, 2011 11:48am
"JP Morgan indicator"
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  • #458,719
  • Jun 9, 2011 11:49am Jun 9, 2011 11:49am
mofu play not out of question yet , next leg up may do so , not playing much just short taken & waiting how it develop to take next action , not in every leg scalping yet .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #458,720
  • Jun 9, 2011 11:50am Jun 9, 2011 11:50am
Quoting nAVIN2007
becarefull of the bear flag
yeah cheers navin, well aware of it, exited my long at the top of the channel (decision was also based on a previous price consolidation area, a fib and time of day - 17:00 gmt reversal), my short term bias is currently bearish, let's see...

green trades...

bbl...

ps. allyb is a sis, not a bro
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