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  • #473,141
  • Jun 27, 2011 10:44am Jun 27, 2011 10:44am
Quoting USD-Bear
exactly, more income less expenditures eg lower wealth would but I have some stupid idea the Greeks don't see it like this.......
Apparently, the whole EU/market also didn't see it that way.

Hope EURUSD will go up some more, so I can short more.
  • #473,142
  • Jun 27, 2011 10:44am Jun 27, 2011 10:44am
Quoting forex1962
OK this is my farewell, wanted to thank all you Guys who've helped me recently.

After 8 months I still can't make a decent profit so sadly it's back to the day job....if only...

Took my last trade today on the break of the pinbar this morning (London) on the H4 and guess what stuffed again.

I'm telling you if you weren't paranoid already Forex is enough to turn you that way, seems every time I entered a trade following every signal/price action confirmation it turns against me and everyone I pass turns a winner!!!!!!

I know you've heard...
8 months is too short to make profit out of this market.you will need some more practice.
  • #473,143
  • Jun 27, 2011 10:44am Jun 27, 2011 10:44am
Quoting forex1962
OK this is my farewell, wanted to thank all you Guys who've helped me recently.

After 8 months I still can't make a decent profit so sadly it's back to the day job....if only...
That's too bad, really. One comment: now that you spent 8 months in the clutch of the Beast, after a little time off, take a good look at the futures markets in broad scope.

You might be able to find something that both gives you some of the leverage you want/need, where most of the tools you used in forex can be and are used (particularly trend following tools) and many of the markets are not fraught with anywhere near as much irrational volatility. Maybe it's not as self affirming to trade soybean meal as to trade currency, but the only thing that counts is account balance at the end of the day.

Any case, good luck.
  • #473,144
  • Jun 27, 2011 10:44am Jun 27, 2011 10:44am
Quoting OldQuant
Agree with that. That is why PTL's analogy to Brady bonds is apt. If the capital and liquidity are simply not there, there is no alternative other than replacing it, as you say, by some sort of public intervention, from an entity which by fiat and by definition has unlimited supply of both.

But because it moves the fate of the system out into the future again, it takes a lot of the pressure off the currency.
True but the current circumstances are already a consequence of "artificially" delaying the outcome (since May 2010).

There is no much room between present and future now in my books but just the IMF and specially any rating agencies to declare technical default in Greek bonds to again trigger short term gloom for the euro (and across the world markets).

Traders and investors on the other hand are looking a lot better positioned (stock markets, gold, dollar and euro) for any outcome (not like in the panic sells last year). They already sold the highs this year and they are sitting in the "perfect" TA level (monthly chart I am referring in the euro but also in the ES and Gold) to ride the "rumor" and dump the fact.

We'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #473,145
  • Jun 27, 2011 10:46am Jun 27, 2011 10:46am
Quoting forex1962
OK this is my farewell, wanted to thank all you Guys who've helped me recently.

After 8 months I still can't make a decent profit so sadly it's back to the day job....if only...

Took my last trade today on the break of the pinbar this morning (London) on the H4 and guess what stuffed again.

I'm telling you if you weren't paranoid already Forex is enough to turn you that way, seems every time I entered a trade following every signal/price action confirmation it turns against me and everyone I pass turns a winner!!!!!!

I know you've heard...
Did you see my respond to you some days back ago, i should be blame should have warn you this morning when i glance at you post to becareful, i am willing to work with you if you want my help, i can't teach you how to trade but i can guide you. Learning to trade come with love and passion, if you don.t have that then you will fail.
Following the current trend
  • #473,146
  • Jun 27, 2011 10:46am Jun 27, 2011 10:46am
Quoting forex1962
OK this is my farewell, wanted to thank all you Guys who've helped me recently.

After 8 months I still can't make a decent profit so sadly it's back to the day job....if only...

Took my last trade today on the break of the pinbar this morning (London) on the H4 and guess what stuffed again.

I'm telling you if you weren't paranoid already Forex is enough to turn you that way, seems every time I entered a trade following every signal/price action confirmation it turns against me and everyone I pass turns a winner!!!!!!

I know you've heard...
You will be fine, lose a little, gain some experiences, come back later.
  • #473,147
  • Jun 27, 2011 10:46am Jun 27, 2011 10:46am
Quoting 10piptrade
The 12 MA will save you for making wrong decision all the time just respect PA above you buy PA below it you sell, incorporate it into your trading and you will see improvement just respect it and learn what PA do at MA, it took me years to understand it.

Attachment

exactely,, that´s what i use too,, 50 simple,, 100 simple,, 100 smoothed,, 200 smoothed,, and the price tends to respect these MAs,, with the overbought-sold levels of stochc and rsi... and the pins and dojis in candles...
  • #473,148
  • Jun 27, 2011 10:47am Jun 27, 2011 10:47am
Quoting Venice
Losing is part of this game. It should be an expectation.
I know LOL ,you should see play chess I am very sore loser)))
  • #473,149
  • Jun 27, 2011 10:47am Jun 27, 2011 10:47am
Quoting 10piptrade
The 12 MA will save you for making wrong decision all the time just respect PA above you buy PA below it you sell, incorporate it into your trading and you will see improvement just respect it and learn what PA do at MA, it took me years to understand it.

Attachment
Interesting .. so the 12MA is the yellow line, 24MA is the red line and the light blue line is 144MA , and all on a 5m chart right ? .. what about the white line ?
You gotta know when to hold 'em, know when to fold 'em ...
  • #473,150
  • Jun 27, 2011 10:49am Jun 27, 2011 10:49am
Quoting Indyfx
Hi Magix

For your info I think that NFP is now on 8th July
Gah!

Those cocksuckers, I was looking forward to a short week...

Well, I guess I can still sit out Friday and pretend...

Thanx for the catch Indy...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #473,151
  • Jun 27, 2011 10:50am Jun 27, 2011 10:50am
TY .... love the posts!


Quoting 10piptrade
The 12 MA will save you for making wrong decision all the time just respect PA above you buy PA below it you sell, incorporate it into your trading and you will see improvement just respect it and learn what PA do at MA, it took me years to understand it.

Attachment
  • #473,152
  • Jun 27, 2011 10:50am Jun 27, 2011 10:50am
Quoting sofia101
I know LOL ,you should see play chess I am very sore loser)))
There are no Losers in "Strip Yahtzee"!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #473,153
  • Jun 27, 2011 10:50am Jun 27, 2011 10:50am
What's wrong with FF today? Everytime you press a link it takes you one page behind.

Reply to this post, and in your post click at "Originally posted by Chicky" and see what happens.

Anyway, was trying to reply to the guy who has decided to leave after 8 months. The only advise I can give is: Forget big moves, focus on 30 to 60 pip moves with 1% profit or loss per trade, buy at supports and sell at resistances, every time to the same without fail.

ps - I learned very quickly in about 33 (Thirty-three) years and after blowing 11 real and 500 demo accounts.
The Thief of Wall Street
  • #473,154
  • Jun 27, 2011 10:52am Jun 27, 2011 10:52am
Quoting Chicky
What's wrong with FF today? Everytime you press a link it takes you one page behind.

Reply to this post, and in your post click at "Originally posted by Chicky" and see what happens.

Anyway, was trying to reply to the guy who has decided to leave after 8 months. The only advise I can give is: Forget big moves, focus on 30 to 60 pip moves with 1% profit or loss per trade, buy at supports and sell at resistances, every time to the same without fail.
I've been having the same problem chicky, I'm not sure if the guys are doing massive thread cleanup's or what (which would push the actual post a few pages behind what actually loads), but it's getting silly.
  • #473,155
  • Jun 27, 2011 10:52am Jun 27, 2011 10:52am
Quoting forex1962
OK this is my farewell, wanted to thank all you Guys who've helped me recently.

After 8 months I still can't make a decent profit so sadly it's back to the day job....if only...

Took my last trade today on the break of the pinbar this morning (London) on the H4 and guess what stuffed again.

I'm telling you if you weren't paranoid already Forex is enough to turn you that way, seems every time I entered a trade following every signal/price action confirmation it turns against me and everyone I pass turns a winner!!!!!!

I know you've heard...
Do not give up...Like everybody said 8 months is nothing...
And if you keep losing it's probably because the system you use does not match your "lifestyle"
Change the TF, add or drop some indis, use a better mm (smaller lots for a wider sl for example)...if there are a lot of successfull traders out there, why not you ? they are not smarter than you...

Good luck in the future mate
COT: The precious data ignored
  • #473,156
  • Jun 27, 2011 10:52am Jun 27, 2011 10:52am
Quoting Magix
There are no Losers in "Strip Yahtzee"!
LOL you are in a funky mood today ,making me smile ))))
  • #473,157
  • Jun 27, 2011 10:53am Jun 27, 2011 10:53am
Quoting T@rantula
Good luck.

P.S. Plotting so many indicators is useless. Statistically speaking if u have more then 2 indicators the one with the biggest chance for success will win, so no point in plotting them.
"In fact, from a statistical perspective, the probability of a successful outcome will always be equal to the most accurate indicator.” John Jagerson

RSI trading is another dimension. Ask my team
i never had the courage to use 1 indicator only.... feel it simple and easy with indicators .. less thinking more visual and audio alerts.. keep watching

i m not into reading each and every change on these indicators... green line on the chart is RSI, the reason for it to be on the chart is thats what i want to read with the price...

rest is all telling me where the price is at the moment rising stochs means possible long but no short... macd turning below zero means a possible entry... thats it

heres the current scalp i took ...
like I was looking for possible short from resistance here
Attached Image
  • #473,158
  • Jun 27, 2011 10:53am Jun 27, 2011 10:53am
been testing out longer trades for a couple weeks on my demo and decided today was the day to go for it on my live account.

+105

now i am ready to do some dustbins!

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eu m5.gif Size: 24 KB
  • #473,159
  • Jun 27, 2011 10:53am Jun 27, 2011 10:53am
Quoting Chicky
What's wrong with FF today? Everytime you press a link it takes you one page behind.

Reply to this post, and in your post click at "Originally posted by Chicky" and see what happens.

Anyway, was trying to reply to the guy who has decided to leave after 8 months. The only advise I can give is: Forget big moves, focus on 30 to 60 pip moves with 1% profit or loss per trade, buy at supports and sell at resistances, every time to the same without fail.
last couple of days. i actually thought, the administration is in "live-moderation" or clean-up mode?
  • #473,160
  • Jun 27, 2011 10:54am Jun 27, 2011 10:54am
Here's what cool: a trader (forex1962) expresses bitter disappointment and sense of defeat, and ten guys come forward with comfort, suggestions, perspective or shared feeling.

That's cool.
288 traders viewing now, 1 is registered:
Omega12