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  • #501,361
  • Jul 27, 2011 11:12am Jul 27, 2011 11:12am
Quoting pennies
Closing shorts possibly, looks like we may be in consolidation for the remainder of the week unless fundies drive the market(s).

Of course there can be another leg down but range trading can be a very big possibility.
What trading platform is that?
  • #501,362
  • Jul 27, 2011 11:13am Jul 27, 2011 11:13am
im new to this attila but you obviously know what you are doing if you walk away with that number of pips.

any advice for me would be dearly appreciated.

my email [email protected]

Quoting attila
Why do you get stuck on the net position? The net position compared with what base line? Does it really matter? What matters is the equity curve. I tried to explain as best I could how I trade, apparently, you want my net position and I'll answer it with a question to your question "Most playing this game would be negative because...."

Here's your question. Draw a horizontal line anywhere on your chart and count how many times was that pip traded. I'm really not going to go any deeper into this.

Eh whatta heck... The only two positions opened...
  • #501,363
  • Jul 27, 2011 11:14am Jul 27, 2011 11:14am
Quoting attila
This was the summary of the summary of the summary of the ...... LOL
Attila, thanks for sharing. I happened to be scanning this thread and came across your last group of posts. I seem to be naturally progressing to something similar.

I'm finding myself trading extended areas on a several TF's where there is a good chance price will EVENTUALLY turn and head towards my target profit area. Sometimes it happens quickly, other times it takes longer. And when it does take longer I can often recover the position, like you mentioned, with additional positions in both directions.

I look forward to reading more of your posts.

Best,

JCP
  • #501,364
  • Jul 27, 2011 11:17am Jul 27, 2011 11:17am
Well I know some people are already doing the math in their head.... LOL. The trick to all these is to NEVER over leverage. If you do that, then emotions get the best of you.


I can look at a 100 pips move and go.. hm.

Quoting Jcpfx
Attila, thanks for sharing. I happened to be scanning this thread and came across your last group of posts. I seem to be naturally progressing to something similar.

I'm finding myself trading extended areas on a several TF's where there is a good chance price will EVENTUALLY turn and head towards my target profit area. Sometimes it happens quickly, other times it takes longer. And when it does take longer I can often recover the position, like you mentioned, with additional positions in both directions.

I look forward to reading more of your...
  • #501,365
  • Jul 27, 2011 11:17am Jul 27, 2011 11:17am
Quoting attila
Of course I do have bias. Question is, the bias is for WHICH TF? I don't practice hedging as a defense mechanism. That's for people that get scared because they don't know where the price is going and are trying to protect their losing positions. How many times did you have your SL taken out for the price to reverse and go straight to your TP. That is because you took a long for instance {not you, in general} on M15 but you failed to notice M1 was up against resistance? A reverse on M1 can drop the price 20 pips easily. Then the price finished it's...
This is not blah blah blah!!!
  • #501,366
  • Jul 27, 2011 11:19am Jul 27, 2011 11:19am
Quoting kenfen69
Glad you're still holding, G-man!

Full boat...aka...retirement fund?
4 trades 2 accounts all full scalps. if things go right i slowly close,, no need atm... all in the green
those who can, do. those who cant, talk about those who can
  • #501,367
  • Jul 27, 2011 11:20am Jul 27, 2011 11:20am
lol @ 30Y
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I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #501,368
  • Jul 27, 2011 11:22am Jul 27, 2011 11:22am
Quoting DubaiFX
as i said 4420 was my target and i got it,
and my daily chart suggests that after some pullback it may test 4340
in coming days.
thank you..
as i mentioned before 4420 first target and then 4340
got my 4340,
right now in medium term EU is neutral bullish trend is over in my earlier posts i said rejection of 4500 will bring EU down and it did.
Weely still in UPTREND
but still EU has room to go to 4260
so Bulls should be carefull here
it is always a pullback but down movement in EU was solid today compared to MACD
as you Guys know i Trade MACD mostly,
it is the oldest tool in Forex, + i have different readings then standard MACD
i use 3 kinds of reading for macd to see the price match,
one of the daily macd tells me that 4250-70 is still in the cards..
Most of you guys were long when i shorted the pair because i saw 3rd test rejection in weekly
let me show you a simple chart

Good Luck Guys...
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Don't compare your Trades with Others
  • #501,369
  • Jul 27, 2011 11:25am Jul 27, 2011 11:25am
Didn't I tell you guys H1 will start moving up? My longs are already 40 pips up chewing off my losing shorts.....
  • #501,370
  • Jul 27, 2011 11:27am Jul 27, 2011 11:27am
Quoting attila
Didn't I tell you guys H1 will start moving up? My longs are already 40 pips up chewing off my losing shorts.....
What are you looking at for a topside on this retrace? I have around 4405-4420'ish noted.
  • #501,371
  • Jul 27, 2011 11:27am Jul 27, 2011 11:27am
Quoting gatorinla
barely
No need to cover the lot size...20 lots/trade = 40
Today I BUY, tomorrow I SELL!
  • #501,372
  • Jul 27, 2011 11:28am Jul 27, 2011 11:28am
will look to sell against 4412/21, if the chance presents itself...
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Look Sharp/Trade Tight
  • #501,373
  • Jul 27, 2011 11:28am Jul 27, 2011 11:28am
if history repeats itself!
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I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #501,374
  • Jul 27, 2011 11:28am Jul 27, 2011 11:28am
Quoting Venice
What are you looking at for a topside on this retrace? I have around 4405'ish noted.
yeah, 4410 is in the way. it's a retrace until that's taken out.
  • #501,375
  • Jul 27, 2011 11:30am Jul 27, 2011 11:30am
Quoting gatorinla
4 trades 2 accounts all full scalps. if things go right i slowly close,, no need atm... all in the green
Had two sweeties last night. Only two things would have made me hold them...

1. Debt ceiling resolved and market USD rallying.
2. A smack in the head from you making sure I understood the stars were in TF alignment.

Didn't grasp #2 until I was already out. So don't be shy...give a guy a smack in the head next time, will ya? I can take it.

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  • #501,376
  • Jul 27, 2011 11:34am Jul 27, 2011 11:34am
Quoting kenfen69
So don't be shy...give a guy a smack in the head next time, will ya?
Or...if you really feel the need...

Attached Image
  • #501,377
  • Jul 27, 2011 11:37am Jul 27, 2011 11:37am
One for the road...catch you guys later.

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  • #501,378
  • Jul 27, 2011 11:43am Jul 27, 2011 11:43am
Good possibility we might go upwards in the upcoming days according to this chart ? ( not taken fundies in account )

http://img269.imageshack.us/img269/8862/monthg.gif
  • #501,379
  • Jul 27, 2011 11:46am Jul 27, 2011 11:46am
It bumped off 4370 which is resistance on m15, 4350 shows on m5, then possible up to 4390. Could go lower, but I just don't think by too much. It's up against a lot of support.
  • #501,380
  • Jul 27, 2011 11:49am Jul 27, 2011 11:49am
Just noticed something on the sp.

Watching to see what it does.
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I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
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