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  • #502,541
  • Jul 28, 2011 10:09am Jul 28, 2011 10:09am
Quoting PipsyRussell
I would get off the computer and kick the wife and fuck the dog. I don't have to do that these days. Good luck

Havent read something as funny as this in a long time. )
  • #502,542
  • Jul 28, 2011 10:09am Jul 28, 2011 10:09am
Quoting PhAnTi'
[i]A lot of traders, especially new ones, put a lot of trust in indicators thinking that prices would go and go directly to where the indicators say they should. A lot of traders believe that indicators can forecast the limits of behaviour. Traders believe that indicators can tell them what is reasonable or what is predictable based on the past.

The market as a whole is not reasonable; prices are set by traders, traders are impressionable and imitative, they are herd animals and follow the crowd either up or down, identifying the direction of the...

I actually posted that cr@p? I was talking out of my @rse.........
  • #502,543
  • Jul 28, 2011 10:09am Jul 28, 2011 10:09am
Quoting hkkhanus
i used to be one of them!!!
hate the indi's now lol
everyone has their own preference .. simple SR , Supply Demand and chart patterns work the best for me.
HK
this.
Hero calls followed by margin calls...
  • #502,544
  • Jul 28, 2011 10:09am Jul 28, 2011 10:09am
Quoting tomin
Can you please reefer as a link "Redsword PA", I am new too and I want to learn, but now have no clue what you are talking about
Cheers!
http://www.forexfactory.com/showthread.php?t=230888
  • #502,545
  • Jul 28, 2011 10:09am Jul 28, 2011 10:09am
Quoting cloggie
I actually posted that cr@p? I was talking out of my @rse.........
wise words imho.
Hero calls followed by margin calls...
  • #502,546
  • Jul 28, 2011 10:12am Jul 28, 2011 10:12am
Quoting cloggie
I actually posted that cr@p? I was talking out of my @rse.........
it is not a crap, do not insult yourself, every beginer shoud read and understand .. it contains lots of wisdom and years of experience..
  • #502,547
  • Jul 28, 2011 10:13am Jul 28, 2011 10:13am
Experience does talk, screams out no matter from which side

Quoting cloggie
I actually posted that cr@p? I was talking out of my @rse.........
  • #502,548
  • Jul 28, 2011 10:14am Jul 28, 2011 10:14am
you walked right into it didn't ya?
lol he was being sarckyie
Quoting pnr
it is not a crap, do not insult yourself, every beginer shoud read and understand .. it contains lots of wisdom and years of experience..
  • #502,549
  • Jul 28, 2011 10:17am Jul 28, 2011 10:17am
Quoting hkkhanus
Experience does talk, screams out no matter from which side

lol, pretty funny...
Look Sharp/Trade Tight
  • #502,550
  • Jul 28, 2011 10:19am Jul 28, 2011 10:19am
Quoting pnr
it is not a crap, do not insult yourself, every beginer shoud read and understand .. it contains lots of wisdom and years of experience..
thats his 2nd job ^^
Hero calls followed by margin calls...
  • #502,551
  • Jul 28, 2011 10:19am Jul 28, 2011 10:19am
Quoting tomin
Can you please reefer as a link "Redsword PA", I am new too and I want to learn, but now have no clue what you are talking about
Cheers!
Here.

http://www.forexfactory.com/showthread.php?t=230888
Attached Image (click to enlarge)
Click to Enlarge Name: Redsword.jpg Size: 251 KB
The true fact is market doesn't care, risk mgt is important.
  • #502,552
  • Jul 28, 2011 10:19am Jul 28, 2011 10:19am
Quoting ingmarforex
Closing the trades let the market decide who is gonna win here expect some consilidation here still some left from the dailly range no intrest to do something here place where pigs get slaughtered So watch the entertainment from here.


if i got the dailly close (technical) i want my target is gonna be 1.4750 1.4700 for longs untill then i stay on the side lines from this point.
Looking to establish some new shorts around the 1.4330s looking for 1.41 1.4120 by monday..
  • #502,553
  • Jul 28, 2011 10:24am Jul 28, 2011 10:24am
Quoting PayTheLimit
sold some against 06ish, risk the highs, pay the lows...

payed the highs..
Look Sharp/Trade Tight
  • #502,554
  • Jul 28, 2011 10:24am Jul 28, 2011 10:24am
Got to say, really been enjoying the 10m chart. Looking at 4340... may be a bit aggressive right now. 4332 might be a pita too.
  • #502,555
  • Jul 28, 2011 10:25am Jul 28, 2011 10:25am
This is really funny... the ass-kissing show never ends...

I wonder how old are some of the guys here. 15, maybe 16...
Some people behave like they had to please the leader of a gang:
"Hey dude, you are dam right, you are frickin cool, do you want something, do you want me yo steal something for you, maybe some candies or maybe I could do your homework..."

Please, have some respect for yourselves...
  • #502,556
  • Jul 28, 2011 10:26am Jul 28, 2011 10:26am
Quoting PayTheLimit
payed the highs..
Bastards... I'm on the other side of ye mate
  • #502,557
  • Jul 28, 2011 10:26am Jul 28, 2011 10:26am
Quoting Venice
Bastards... I'm on the other side of ye mate
cheers brother, good luck...
Look Sharp/Trade Tight
  • #502,558
  • Jul 28, 2011 10:27am Jul 28, 2011 10:27am
Thanks for most wise words being said here... Somehow I think concentrating on price action for 6hour+ sessions might work to understand the earlier mentioned flow of price action.

Right now I tried 3 systems.. trying to see which one suits me best. Right now I mostly use THV4 scalping while checking/experimenting on bounces and taps on S/R lines.

I just wonder if observing and experimenting will work out for me eventually. The one problem I have is the urge to play with my 150euro live account ( where I so far lost 30 euro on, mainly because I accidently opened a 0.20 lot instead of 0.02 <_< )

One small advantage I might have is a bit of small fundamental economical knowledge because of my study. On the other side I am no technical analyst at all, in fact, I do find this kinda boring. However, I guess this is a must as well in order to succeed ? ( combine tech and fundie )

Thanks in regards, Robert
  • #502,559
  • Jul 28, 2011 10:28am Jul 28, 2011 10:28am
Quoting Alexone
...every frickin day from 8am to 12pm i stare at charts and at the end of the day the result is the same. And this has been going on for 2 years. Im getting f***ing sick!
Here's my two cents on your discouragement.

To try to do quick-trade scalping without method and discipline is playing the slot machines; you'll win a few, lose more, and in the end it'll all be gone. There's only two things that work.

First, go back -hundreds of pages if you need to- and write down the times of, and trade calls or level calls of the great traders here; you know their names. Then take those price points to printed out historical charts (high freq, like 1m, not because that's what you should trade, but so you can see the detail). No other lines, indis, anything, on the charts. Then, with a ruler, and a measuring tool, look at where those calls lie relative to past levels and what price did up to that time. Use a notebook. Write down your thoughts and hypotheses.

It'll take some time, but little by little, when you plot the next one on the next naked historical chart, you'll begin to anticipate mentally what you're going to find.

Second, learn and understand (again, lots of good charts posted here; many examples) Fib levels. Ignore the argument that they're illusionary, self fulfilling, mystical, blah blah. The market uses them. End of that story.

Third, learn about the dynamics of moving averages. ALL indicators are either, at their root, moving averages or oscillators. (An MA is any function of past prices, weighted by numbers that add up to 1.0; an oscillator is a function of weighted prices with weights adding up to 0.0). If you understand basic MA "theory," you'll understand almost all indicators. Take some charts and look at ema crosses, both each other crossing, and price crossing. Watch what happens; why it happened in PA, how late a signalled trade would be, in what subsequent market conditions they profited, and when they didn't and why.

Finally, think of forex as investing. Leave ego at the door. Leave ideas of 100% winning trades at the door. Think about money management, and understand the losing trades are the cost of the winning ones.

Don't give up. At the first battle of the US Civil War, the Union soldiers went all dressed up in fancy uniforms, ready to win the war right there. Civilians went along with picnic lunches to watch. A lot of soldiers didn't come home, and the picnic lunches were left to the ants. It was a war, and it lasted four years.

Time for you to take off the fancy uniform, and to get down to planning for the war.
  • #502,560
  • Jul 28, 2011 10:28am Jul 28, 2011 10:28am
Quoting ingmarforex
Looking to establish some new shorts around the 1.4330s looking for 1.41 1.4120 by monday..
Too early for a decision , 4330 may breaks & then 4399 will come as limit level & as confirmation more up wave b .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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