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  • #469,261
  • Jun 22, 2011 8:18am Jun 22, 2011 8:18am
Quoting wormboy
cheers my friend. cable making my life difficult tho
What are we looking at today? I have 4443, 4457, 4491 & 4579
36,44,63,93
  • #469,262
  • Jun 22, 2011 8:21am Jun 22, 2011 8:21am
Quoting cloggie
36,44,63,93
, spare the few apart for beer
Thank You
  • #469,263
  • Jun 22, 2011 8:21am Jun 22, 2011 8:21am
Quoting wormboy
Hi sofia, yes I bought .. still going for 4590 & 4800 as long as price stays above 4350
U reading my mind...again
  • #469,264
  • Jun 22, 2011 8:22am Jun 22, 2011 8:22am
Quoting KiwiTrada
Trade to me is war, buyer v seller, how you win war with yourself?

Simples, stay on the side of the winners, don't go fighting the larger army, just join them. You have a typical noobies attitude and I will continue picking on you as part of my public service here on this thread, no novice trader should even think about countertrading unless he has been in this business fulltime for at least 5 years, by that time, you won't be interested in it anymore anyways.

There are 2 good countertraders here, Gator and that guy from Vietnam who hasn't been around in a while. For everyone else countertrading will lead to guaranteed failure in this business, only a matter of time.

The whole point about trading is to keep it as boring as humanly possible. IF you want excitement in your life, go take up cliffdiving, this business ain't it.
  • #469,265
  • Jun 22, 2011 8:23am Jun 22, 2011 8:23am
Quoting T@rantula
U reading my mind...again
They say great minds think alike. Must be true I guess
Thank You
  • #469,266
  • Jun 22, 2011 8:25am Jun 22, 2011 8:25am
Quoting wormboy
They say great minds think alike. Must be true I guess
  • #469,267
  • Jun 22, 2011 8:26am Jun 22, 2011 8:26am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Here we go. Round 2 for the bulls. The only hope for bears is the FOMC meeting - if you dont get a margin call in between.

Trade with the trend, not the news. The news is market manipulation. If you don't believe me just look at the bear news for the last 8 weeks.

A trend is a trend until its broken. Always obey S/R.
Trade what you see, not what you think.
  • #469,268
  • Jun 22, 2011 8:26am Jun 22, 2011 8:26am
add s at 4435 tgt 4412
  • #469,269
  • Jun 22, 2011 8:27am Jun 22, 2011 8:27am
Quoting jaydc
add s at 4435 tgt 4412
Hero calls followed by margin calls...
  • #469,270
  • Jun 22, 2011 8:28am Jun 22, 2011 8:28am
Hello guys you can watch my EURCHF view if someone trade that pair...

Inserted Video



Cheers
Petar
"Buy on fear, sell on greed !!!
  • #469,271
  • Jun 22, 2011 8:28am Jun 22, 2011 8:28am
Well played bull & still intact for 1 more leg up towards 4463/72 to 96 & long continued .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #469,272
  • Jun 22, 2011 8:31am Jun 22, 2011 8:31am
Quoting jaydc
add s at 4435 tgt 4412

so you've been adding shorts, without any emergency stops?
Thank You
  • #469,273
  • Jun 22, 2011 8:31am Jun 22, 2011 8:31am
Quoting cloggie
Simples, stay on the side of the winners, don't go fighting the larger army, just join them. You have a typical noobies attitude and I will continue picking on you as part of my public service here on this thread, no novice trader should even think about countertrading unless he has been in this business fulltime for at least 5 years, by that time, you won't be interested in it anymore anyways.

There are 2 good countertraders here, Gator and that guy from Vietnam who hasn't been around in a while. For everyone else countertrading will lead to guaranteed...
I always tell people to start out on the daily then slowly move to the lower time frames.

Not only do you have the added benefit of PA being incredibly smooth (most of the time); but, you learn some other really great things... like patience.

And, generally, the slow weeks (like this week, lots of pull backs in the PA), I pull in around 200-300 pips a week, per currency. I mean really, if you can't figure out your monies off of that... then it's time to move on to something else.
  • #469,274
  • Jun 22, 2011 8:32am Jun 22, 2011 8:32am
Quoting wormboy
Hi sofia, yes I bought .. still going for 4590 & 4800 as long as price stays above 4350
I agree on above 1.4350 still bullish my top is about 1.4510 GL ) Nice to see you here
  • #469,275
  • Jun 22, 2011 8:33am Jun 22, 2011 8:33am
Quoting cloggie
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.
Not correct for everyone, cable geppy today I slaughter, checkpost entry sl tp everything there etc

geppy 130 413 tp 129 055 138pips
cable 1 62433 Partial Bank 85 pips now 1 6144 if close now 99pips I leaving
also scalp eu au for smaller greenpips was stopped twice -5 -10
I had a nice day today, am happy just scalping dont care what trend is, no indicators, just S/R TLs candle patterns, etc

When trend is down I sell all rallies, until reverse then all over again.
I rest when bulls play is good system
If you are new to Forex? Say Goodbye to your account!!
  • #469,276
  • Jun 22, 2011 8:33am Jun 22, 2011 8:33am
and how is buying the dips any different than picking the tops? you're just picking bottoms...

it all depends on the tf you're holding trades for.

imo, it's sometimes quite easy to spot where the trend runs out of momentum and fade it (on a short term basis).. cuz for some it's not just about pips but probability.
  • #469,277
  • Jun 22, 2011 8:34am Jun 22, 2011 8:34am
Quoting gatorinla
s 94...
s/o 4401...
took a nap.. looking to short 4444.5.... 4458.2 may be rigid. i will scalp it if all looks ok.. and it could be a longer holder.
we were close already and i may have missed the boat.
those who can, do. those who cant, talk about those who can
  • #469,278
  • Jun 22, 2011 8:34am Jun 22, 2011 8:34am
http://www.forexfactory.com/showthre...67#post4716067
Quoting PayTheLimit
...
A real LOL
  • #469,279
  • Jun 22, 2011 8:36am Jun 22, 2011 8:36am
Quoting wormboy
so you've been adding shorts, without any emergency stops?
no emergency stop... have one in mind.. 4450..

my BE at 4434.. so still safe
  • #469,280
  • Jun 22, 2011 8:36am Jun 22, 2011 8:36am
Quoting RichFWebb
and how is buying the dips any different than picking the tops? you're just picking bottoms...

it all depends on the tf you're holding trades for.

imo, it's sometimes quite easy to spot where the trend runs out of momentum and fade it.

Typical noobie answer, you can't see it so you think that you can outsmart the trend. I am up over 200 pips today on this pair alone (and that is not scaled in trades, am closing in on 4 figures on that one) no countertrader in the world can outperform the ADR.

But heh, keep thinking you are smarter then the best traders in the world and can reinvent the wheel, you will still think that when you get a margin call.

Do yourself a favour and open 2 demo accounts, trade one as a trendtrader and one as a countertrader, you will see after 4 weeks what I mean. As a trendtrader, you don't even need to be accurate, just take a feckin stab at it and you are bout to end in profit.


WTF do I care really. Dilligaf.
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tehboy