- #545,581
- Sep 30, 2011 6:43am Sep 30, 2011 6:43am
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
- #545,583
- Sep 30, 2011 6:46am Sep 30, 2011 6:46am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #545,587
- Sep 30, 2011 7:02am Sep 30, 2011 7:02am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #545,588
- Sep 30, 2011 7:06am Sep 30, 2011 7:06am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Possibly but...
Earlier it was selling in strength and now it is in weakness. It may be stophunting here going on.
If you are new to Forex? Say Goodbye to your account!!
- #545,590
- Sep 30, 2011 7:10am Sep 30, 2011 7:10am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
There is fast money short on euro. No matter if strength/weakness but signal needs to be clear.
5min tf volume tricks, cannot fail. But trades needs to be closed 1-2min.
- #545,592
- Edited 7:22am Sep 30, 2011 7:12am | Edited 7:22am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Good MAE
Woke up to a nice profit on a short term $J long I placed last night, let's see if I can give a little back this morning LOL.
Futures, Forex, Stocks..... Pick one, it looks ugly this morning.
It's a trifecta with the week end, month end and end of the 3rd quarter today. Hedge funds will likely unload stocks and move into bonds today so their quarterly reports look nice, then reverse everything monday... I would not be surprised to see risk on rally monday. I havn't been one to hold anything over the weekend lately but will probably hold this for a possible monday rally if she isn't stopped out.
It's starting to look like this lady is going to be range bound a bit between 3360 and 3700 before she makes up her mind... Hmmmm sounds like my wife.
Yes I know it's counter trend but I am long at the demand zone on the 15 min @1.3493, SL just below it @ 1.3474, TP just below strong supply @ 1.3720. Plan to move stop to BE around 2:1 or 3:1 and move SL up again when around 1.3641 to lock in profits if that level fails to break.
If stopped, I may look at the demand levels lower. May call it a day. Not a big deal, the stop is there to protect me.
Max $ risk is 2% of account risk capitol
Reward 207 pips
Risk 19 pips
R:R 10:1
Now for those that don't understand the money management aspect of trading.... If I take ten 10:1 ratio trades with the same amount of risk $$$ each time and my best educated guess for an entry gets stopped out 9 times, but I get 1 out of 10 trades right... I make money. Get 2 out of 10 right and you will be killing the market. Don't be afraid to make a small loss, a small loss protects you from an account crippling big loss. Lose small and let your profits run.
Good pippin today ladies and gentlemen.
Mike
Woke up to a nice profit on a short term $J long I placed last night, let's see if I can give a little back this morning LOL.
Futures, Forex, Stocks..... Pick one, it looks ugly this morning.
It's a trifecta with the week end, month end and end of the 3rd quarter today. Hedge funds will likely unload stocks and move into bonds today so their quarterly reports look nice, then reverse everything monday... I would not be surprised to see risk on rally monday. I havn't been one to hold anything over the weekend lately but will probably hold this for a possible monday rally if she isn't stopped out.
It's starting to look like this lady is going to be range bound a bit between 3360 and 3700 before she makes up her mind... Hmmmm sounds like my wife.
Yes I know it's counter trend but I am long at the demand zone on the 15 min @1.3493, SL just below it @ 1.3474, TP just below strong supply @ 1.3720. Plan to move stop to BE around 2:1 or 3:1 and move SL up again when around 1.3641 to lock in profits if that level fails to break.
If stopped, I may look at the demand levels lower. May call it a day. Not a big deal, the stop is there to protect me.
Max $ risk is 2% of account risk capitol
Reward 207 pips
Risk 19 pips
R:R 10:1
Now for those that don't understand the money management aspect of trading.... If I take ten 10:1 ratio trades with the same amount of risk $$$ each time and my best educated guess for an entry gets stopped out 9 times, but I get 1 out of 10 trades right... I make money. Get 2 out of 10 right and you will be killing the market. Don't be afraid to make a small loss, a small loss protects you from an account crippling big loss. Lose small and let your profits run.
Good pippin today ladies and gentlemen.
Mike
I don't care which way the market is going as long as it's going my way
- #545,593
- Sep 30, 2011 7:16am Sep 30, 2011 7:16am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #545,594
- Sep 30, 2011 7:24am Sep 30, 2011 7:24am
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
Come on lets short it!!!!
- #545,595
- Sep 30, 2011 7:29am Sep 30, 2011 7:29am
- | Joined Mar 2009 | Status: Trader | 2,247 Posts
I SEE YOU !!
first @3650 
- #545,600
- Sep 30, 2011 7:37am Sep 30, 2011 7:37am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored