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  • #495,021
  • Jul 20, 2011 4:18pm Jul 20, 2011 4:18pm
Quoting attila
Just give it up. Learn how to trade. It's easier.
I think that 60% drawdown because emotions is not good.I have good entries but I cant manage the trades.I want my strategy run thru the EA.I will make it tomorrow I hope...
  • #495,022
  • Jul 20, 2011 4:18pm Jul 20, 2011 4:18pm
Quoting PayTheLimit
well they way 06 held, 31 is still on the table...
yea i may just go to the gym or something and let it play out... i never like trading ny session anyway... thanks for the chart
  • #495,023
  • Jul 20, 2011 4:19pm Jul 20, 2011 4:19pm
Quoting pipper
Pokey Testing it at mo and seems interesting
well hope you got something there, good luck mate...
Look Sharp/Trade Tight
  • #495,024
  • Jul 20, 2011 4:20pm Jul 20, 2011 4:20pm
Quoting fxjawn
yea i may just go to the gym or something and let it play out... i never like trading ny session anyway... thanks for the chart
np, I hate all sessions, but especially NY, good luck with them...
Look Sharp/Trade Tight
  • #495,025
  • Jul 20, 2011 4:23pm Jul 20, 2011 4:23pm
Quoting pipper
Needs to get above 4220 for any continuation north
This is not the build up for one of the famous pre-asia stopouts to north side. Momentum too weak. It needs more momentum to break this 4220-4235 area. Because it is not going to break this, the rising TL is going to fail.

Then add some shitty volatility from meeting and bulls are screwed.

I also dont like this RSI divergence on the m15

I see a wedge on the m15

Only a big move up before Tokyo could jinx this setup on the m15. The use of triangles is still unclear to me. They can break on either side which can be a fakeout as well. Only useful for support and resistance till break.
  • #495,026
  • Jul 20, 2011 4:27pm Jul 20, 2011 4:27pm
Thanks PTL. Will relay if interesting after testing

Quoting PayTheLimit
well hope you got something there, good luck mate...
Disclaimer: Check your 1m charts
  • #495,027
  • Jul 20, 2011 4:27pm Jul 20, 2011 4:27pm
Quoting RichFWebb
Do you guys think that trading commodities or stocks or any single instrument should theoretically be easier than a comparative instrument like eur/usd?

just because a positive move could be someone buying euros or selling dollars, and a negative move could be someone selling euros or buying dollars.

compared to just someone buying gold or selling gold, it seems like it would be easier...
I used to think there where easier markets. Now in this day and age, they are all hard.
Look Sharp/Trade Tight
  • #495,028
  • Jul 20, 2011 4:27pm Jul 20, 2011 4:27pm
Quoting pipper
Got new levels PTL testing out at mo

North 1.4233 > 1.4245

South 1.4194 > 1.4183
Here it's what i mean by N in 4h
It will b like this in my view M = Leg to down
Got what i mean

Remember i could b wrong but i trade my chart
BTW: Want another reason for me sell?
Attached Image (click to enlarge)
Click to Enlarge Name: m.gif Size: 10 KB
  • #495,029
  • Jul 20, 2011 4:29pm Jul 20, 2011 4:29pm
Quoting Mr. Aldi
This is not the build up for one of the famous pre-asia stopouts to north side. Momentum too weak. It needs more momentum to break this 4220-4235 area. Because it is not going to break this, the rising TL is going to fail.

Then add some shitty volatility from meeting and bulls are screwed.

I also dont like this RSI divergence on the m15

I see a wedge on the m15

Only a big move up before Tokyo could jinx this setup on the m15. The use of triangles is still unclear to me. They can break on either side which can be a fakeout as well....
Depends on triangle type mate.

Symetrical triangle = no play until broken to either side. Shows disagreement between bulls and bears and is over once one side wins.

Ascending/Descending triangle. Generally represented by a solid resistance (with rising low trend line) or solid support (lowering upper trend line).

Let's use ascending as the example. Ascending shows us that bulls have a line that they absolutely do not want to lose (hence the solid support line). Only problem is, as each iteration and bounce happens, bulls lose more and more buying power (demand is less) which ends up causing the lowering of the upper trend line.

Then all of a sudden, the bulls loose their support line, stops are hit thus of course accelerating the move downward.

Absolutely love these type of triangles
  • #495,030
  • Jul 20, 2011 4:30pm Jul 20, 2011 4:30pm
Quoting RichFWebb
Do you guys think that trading commodities or stocks or any single instrument should theoretically be easier than a comparative instrument like eur/usd?

just because a positive move could be someone buying euros or selling dollars, and a negative move could be someone selling euros or buying dollars.

compared to just someone buying gold or selling gold, it seems like it would be easier...
EU is tradeable and is an instrument that gives me a neutral view. Or a view that is easy to switch. With commodity or indices this is different.

EU and indices go hand in hand when it comes to volatility and news. So not really a win there.

I can say a lot about this, but please just compare charts for yourself and also compare intraday volatility.
  • #495,031
  • Jul 20, 2011 4:31pm Jul 20, 2011 4:31pm
Quoting Wulfgar
ur face...whatever
i packed all my stuff it took 5 min.... where we goin again
  • #495,032
  • Jul 20, 2011 4:32pm Jul 20, 2011 4:32pm
Not sure of anything yet. My other H4 chart hasn't tried to make it to the 28EMA either after a failed H&S on the RSI

Quoting Mr. Aldi
This is not the build up for one of the famous pre-asia stopouts to north side. Momentum too weak. It needs more momentum to break this 4220-4235 area. Because it is not going to break this, the rising TL is going to fail.

Then add some shitty volatility from meeting and bulls are screwed.

I also dont like this RSI divergence on the m15

I see a wedge on the m15

Only a big move up before Tokyo could jinx this setup on the m15. The use of triangles is still unclear to me. They can break on either side which can be a fakeout as well....
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 308 KB
Disclaimer: Check your 1m charts
  • #495,033
  • Jul 20, 2011 4:32pm Jul 20, 2011 4:32pm
Quoting PayTheLimit
I used to think there where easier markets. Now in this day and age, they are all hard.
Was trading far easier back in the day?

I'm sure when retail was introduced (a bunch of people buying and selling not knowing wtf they are doing causing the erratic movement) & HFTrading coming into play... bloody brutal.
  • #495,034
  • Jul 20, 2011 4:33pm Jul 20, 2011 4:33pm
Quoting Venice
Depends on triangle type mate.

Symetrical triangle = no play until broken to either side. Shows disagreement between bulls and bears and is over once one side wins.
Thanks for your explanation. Indeed ascending or descending triangles are tasty. I was referring to the symetrical type. Those we see a lot lately...
  • #495,035
  • Jul 20, 2011 4:33pm Jul 20, 2011 4:33pm
Quoting mercy seat;
Good morning !


Details as shown in Survey ...


http://www.forexfactory.com/attachme...0&d=1311146585



;-|

RECAP :

New Value Date ... Pivots + ZigZag Levels (Rollover)

http://www.forexfactory.com/attachme...2&d=1311196901



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #495,036
  • Jul 20, 2011 4:34pm Jul 20, 2011 4:34pm
Quoting Mr. Aldi
Thanks for your explanation. Indeed ascending or descending triangles are tasty. I was referring to the symetrical type. Those we see a lot lately...
Gotcha. Yep, these things you play the lowers and uppers of the triangle but once we start getting near the apex... better to just leave her alone till she decides on a direction.
  • #495,037
  • Jul 20, 2011 4:36pm Jul 20, 2011 4:36pm
Quoting Venice
Was trading far easier back in the day?

I'm sure when retail was introduced (a bunch of people buying and selling not knowing wtf they are doing causing the erratic movement) & HFTrading coming into play... bloody brutal.
before the computers, the algos, the 24 markets, sure...I mean it wasnt a walk in the park or anything, but it was a little easier, and none of this 18hr day crap, at least not for me....bastards
Look Sharp/Trade Tight
  • #495,038
  • Jul 20, 2011 4:36pm Jul 20, 2011 4:36pm
Quoting fxjawn
i packed all my stuff it took 5 min.... where we goin again
Italy?

grab the dogs too
  • #495,039
  • Jul 20, 2011 4:36pm Jul 20, 2011 4:36pm
http://vimeo.com/26570444

shout goin' out to the sesame street crew...
  • #495,040
  • Jul 20, 2011 4:37pm Jul 20, 2011 4:37pm
I'm always open to other reasons Eg


Quoting egkid
Here it's what i mean by N in 4h
It will b like this in my view M = Leg to down
Got what i mean

Remember i could b wrong but i trade my chart
BTW: Want another reason for me sell?
Disclaimer: Check your 1m charts
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