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  • #469,241
  • Jun 22, 2011 9:58am Jun 22, 2011 9:58am
Quoting cloggie
Come on Ptl it provides entertainment all those hero retailers trying to predict a top every 5 pips or so.
I was just wondering if he gets bored trading from the same side all the time?
Look Sharp/Trade Tight
  • #469,242
  • Jun 22, 2011 10:00am Jun 22, 2011 10:00am
Quoting Venice
So then, the next question is ... how do you actually view volume?

When I see a big volume bar with a big up bar... I think of position switching. If there was no resistance, it would be a big bar up on little volume.

Then again... it is a 5m bar, and I don't use volume. lol
my trigger chart is m1, so I tend to be overly cautious of using just vol bars, I use them for confirmation sure, but p often goes another bar or two after a surge in vol before reversing, that's even if it does reverse and the increased activity is not just down to pushing through a key level, with practice it just becomes an additional element of reading price action...
  • #469,243
  • Jun 22, 2011 10:01am Jun 22, 2011 10:01am
Quoting Venice
So then, the next question is ... how do you actually view volume?

When I see a big volume bar with a big up bar... I think of position switching. If there was no resistance, it would be a big bar up on little volume.

Then again... it is a 5m bar, and I don't use volume. lol
Here you have VOLUME ... taken from data feed selection of a five major global player BANK Connections ...

Thickness of candles are representing VOLUME ...

Not from online dealing services ...

And what can you see ?



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-22_16h55_ EURUSD _ min005 _ (200) volume + TL + MA.PNG Size: 50 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #469,244
  • Jun 22, 2011 10:01am Jun 22, 2011 10:01am
Quoting cloggie
Of course he is, wormy knows how to trade.
I know ) I know him for a long time)
  • #469,245
  • Jun 22, 2011 10:01am Jun 22, 2011 10:01am
Quoting PayTheLimit
I was just wondering if he gets bored trading from the same side all the time?

His soon to come margin call will take care of that one. Way too easy to just follow the herd, way more exciting for an adrenalin junkie to keep picking tops, heart rate goes up and the few times they make a few pips must be the greatest high they can experience for the day. Trend traders are boring traders, all they do is move their stops here and there, and that's it really. Nobody writes books about trend traders, there are no folk stories, nothing exciting about them really, the counter traders, now that's another story, mythical beasts, their names are whispered in dark pubs in awe.... stuff of legends.
  • #469,246
  • Jun 22, 2011 10:03am Jun 22, 2011 10:03am
Quoting PayTheLimit
hey Krazy Kiwi Guy, are you ever gonna scalp from the long side, I mean ever?
HI PTL

Hows your back?

nope, get to confused, buy sell byu slel seel buu y to confusing.
Scalp sell until bear in driver seat, couple big tl higher tf to break, then no more scalp, will sell rallies to the hilt

actually enjoy scalp, quicker bank, but not for such long bloody periods.

No entry here until scrap sorted, watching brit gy bear flags,if bulls struggle here
be good, papa bear will smack ass little up high
If you are new to Forex? Say Goodbye to your account!!
  • #469,247
  • Jun 22, 2011 10:03am Jun 22, 2011 10:03am
Quoting mercy seat
If it's up to me ... it may rise one more time again ...

1.4455 would be nice too ...



;-|
reckon we could see more selling interest into the 45x's, personally i see this ranging now near the top until news time, possibly breaking to marginal new highs... let's see...

gonna take a break, bbl...
  • #469,248
  • Jun 22, 2011 10:03am Jun 22, 2011 10:03am
Quoting cloggie
His soon to come margin call will take care of that one. Way too easy to just follow the herd, way more exciting for an adrenalin junkie to keep picking tops, heart rate goes up and the few times they make a few pips must be the greatest high they can experience for the day. Trend traders are boring traders, all they do is move their stops here and there, and that's it really. Nobody writes books about trend traders, there are no folk stories, nothing exciting about them really, the counter traders, now that's another story, mythical beasts, their...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #469,249
  • Jun 22, 2011 10:07am Jun 22, 2011 10:07am
Thats why I am out before FOMC they may clear stops up and down
  • #469,250
  • Jun 22, 2011 10:07am Jun 22, 2011 10:07am
Quoting cloggie
Come on Ptl it provides entertainment all those hero retailers trying to predict a top every 5 pips or so.
Not called for cloggie, I dont say pick top, I do try get as high as possible to scalp,
figure thats what scalp is, successful also, you have your style I have mine

If you are new to Forex? Say Goodbye to your account!!
  • #469,251
  • Jun 22, 2011 10:07am Jun 22, 2011 10:07am
Quoting cloggie
His soon to come margin call will take care of that one. Way too easy to just follow the herd, way more exciting for an adrenalin junkie to keep picking tops, heart rate goes up and the few times they make a few pips must be the greatest high they can experience for the day. Trend traders are boring traders, all they do is move their stops here and there, and that's it really. Nobody writes books about trend traders, there are no folk stories, nothing exciting about them really, the counter traders, now that's another story, mythical beasts, their...
+1. Thoughtful post.
  • #469,252
  • Jun 22, 2011 10:09am Jun 22, 2011 10:09am
Quoting cloggie
His soon to come margin call will take care of that one. Way too easy to just follow the herd, way more exciting for an adrenalin junkie to keep picking tops, heart rate goes up and the few times they make a few pips must be the greatest high they can experience for the day. Trend traders are boring traders, all they do is move their stops here and there, and that's it really. Nobody writes books about trend traders, there are no folk stories, nothing exciting about them really, the counter traders, now that's another story, mythical beasts, their...
boring is good...pays the bills...i have video games and girl drama for the exitement...works just fine...
...but lets give the kiwi man some cred...atleast he's got rules..
Guard your pips jelously
  • #469,253
  • Jun 22, 2011 10:10am Jun 22, 2011 10:10am
Quoting KiwiTrada
HI PTL

Hows your back?
still hurts brother...

I figured thats how you operate, lol...

You remind me of the old days, in busy pits, a big house would have two brokers, a buy broker, and a sell broker....lol, you would be the sell broker then, call ya when I need you to work an order, good luck bro...
Look Sharp/Trade Tight
  • #469,254
  • Jun 22, 2011 10:12am Jun 22, 2011 10:12am
Quoting KiwiTrada
Not called for cloggie, I dont say pick top, I do try get as high as possible to scalp,
figure thats what scalp is, successful also, you have your style I have mine

this sucker retraces 99% of moves, i counter, but the trick is to not get trapped in a position with the market moving against you and to not dither in taking profit...

sic, also wait for levels where you have a high probability of a bounce, such as pivots, etc...
  • #469,255
  • Jun 22, 2011 10:12am Jun 22, 2011 10:12am
Quoting PayTheLimit
still hurts brother...

I figured thats how you operate, lol...

You remind me of the old days, in busy pits, a big house would have two brokers, a buy broker, and a sell broker....lol, you would be the sell broker then, call ya when I need you to work an order, good luck...
i know the feeling..

one advice sleep on floor when trading.. .. and do leg exe.. yoga might help
  • #469,256
  • Jun 22, 2011 10:14am Jun 22, 2011 10:14am
Quoting sofia101
Hi Azim ) Still long right?
Hi sofia, yes I bought .. still going for 4590 & 4800 as long as price stays above 4350
Thank You
  • #469,257
  • Jun 22, 2011 10:17am Jun 22, 2011 10:17am
Quoting cloggie
Of course he is, wormy knows how to trade.
cheers my friend. cable making my life difficult tho
What are we looking at today? I have 4443, 4457, 4491 & 4579
Thank You
  • #469,258
  • Jun 22, 2011 10:17am Jun 22, 2011 10:17am
Quoting FibbinArchie
reckon we could see more selling interest into the 45x's, personally i see this ranging now near the top until news time, possibly breaking to marginal new highs... let's see...

gonna take a break, bbl...
...its wise to wait it out...closed my long but if the news is to push it up...my next fib is around 4480...nice solid r line...for the most part will look to short a retracement that has the potential to go all out...
Guard your pips jelously
  • #469,259
  • Jun 22, 2011 10:17am Jun 22, 2011 10:17am
Quoting praveenpious
+1. Thoughtful post.
On avererage over the last 50 days she moves 162 pips a day, there is not a single countertrader that can beat that, trendtraders can outperform the ADR's easily by just buying the dips on up days and selling the peaks on down days. It really isn't rocketscience. We have been going up for a week and there is no top in sight yet, just keep on buying the dips and ignore the counters, that's for the muppets.
  • #469,260
  • Jun 22, 2011 10:18am Jun 22, 2011 10:18am
Quoting PayTheLimit
still hurts brother...

I figured thats how you operate, lol...

You remind me of the old days, in busy pits, a big house would have two brokers, a buy broker, and a sell broker....lol, you would be the sell broker then, call ya when I need you to work an order, good luck bro...
Do you agree employer was wise, staff total focus on buy or sell not both, I have been in pit (guest) mad house for mad people.

Was what got my interest, behind mayhem, was absolute order, trade now better than 9-5 I have construction company, 75 staff, but I injoy trade, I enjoy forum, but not take Cloggies abuse like he do to others, rather find another forum
Trade to me is war, buyer v seller, how you win war with yourself?

I no offend anyone
If you are new to Forex? Say Goodbye to your account!!
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