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EURUSD

  • #553,281
  • Oct 23, 2011 7:59pm Oct 23, 2011 7:59pm
1.4010 7:30 AM GMT not to confident on this one but what the hey.
Founder of Sutherland Wave Principle
  • #553,282
  • Oct 23, 2011 8:09pm Oct 23, 2011 8:09pm
Quoting ThisPip
French Central Bank is flooding the market with dollars to increase the Euro strength/weaken US Dollar.
Donno about it but many french banks trying to create a euro liquidity problem. They are not providing euro on demand. They are just BS coward!
You cannot learn better without losing
  • #553,283
  • Oct 23, 2011 8:11pm Oct 23, 2011 8:11pm
Quoting suthmo
1.4010 7:30 AM GMT not to confident on this one but what the hey.
how many millions u made this month ????????????
  • #553,284
  • Oct 23, 2011 8:15pm Oct 23, 2011 8:15pm
Quoting fasy007
how many millions u made this month ????????????
fasy, I am a bit surprised. How did you get membership here if bloody couple of million bucks is too much money for you.
The Thief of Wall Street
  • #553,285
  • Oct 23, 2011 8:32pm Oct 23, 2011 8:32pm
Quoting saravanantcc
Hi forexings,

i have one question for you, please tell about my holding orders , i sold at 1.3866 and 1.3800, 1.3750 totally 3 lots open it will fall again are go up?
Bull will try hard to linger the price above 3825 till Wednesday. Break this area will go back to 3785 then 3750 then ... 3650 (now weak support).
You cannot learn better without losing
  • #553,286
  • Oct 23, 2011 8:36pm Oct 23, 2011 8:36pm
Quoting Chicky
fasy, I am a bit surprised. How did you get membership here if bloody couple of million bucks is too much money for you.
  • #553,287
  • Oct 23, 2011 8:39pm Oct 23, 2011 8:39pm
Quoting fasy007
how many millions u made this month ????????????
Started out buy increasing my account 600% in 3 days because my system gives me turn by turn directions. Then after 3 straight days of profit high, I started making all hella mistakes. Lost 50% going heavy short and not respecting a propper SL just as price broke out of that nice bear channel. Then lost the rest thinking it would come back to the channel after popping out by 30 pips (stubborn). Then spunked the rest trying to get in on the action without waiting for proper set up (impatience). Was a classic mistakes roller coaster. Am currently trying to be the comeback king again. I got the greatest system in the world and it has one super big fucking problem, ME!
Founder of Sutherland Wave Principle
  • #553,288
  • Oct 23, 2011 8:41pm Oct 23, 2011 8:41pm
Quoting suthmo
Started out buy increasing my account 600% in 3 days because my system gives me turn by turn directions. Then after 3 straight days of profit high, I started making all hella mistakes. Lost 50% going heavy short and not respecting a propper SL just as price broke out of that nice bear channel. Then lost the rest thinking it would come back to the channel after popping out by 30 pips (stubborn). Then spunked the rest trying to get in on the action without waiting for proper set up (impatience). Was a classic mistakes roller coaster. Am currently...
Good luck
  • #553,289
  • Oct 23, 2011 8:47pm Oct 23, 2011 8:47pm
Quoting suthmo
Started out buy increasing my account 600% in 3 days because my system gives me turn by turn directions. Then after 3 straight days of profit high, I started making all hella mistakes. Lost 50% going heavy short and not respecting a propper SL just as price broke out of that nice bear channel. Then lost the rest thinking it would come back to the channel after popping out by 30 pips (stubborn). Then spunked the rest trying to get in on the action without waiting for proper set up (impatience). Was a classic mistakes roller coaster. Am currently...
Don't worry you are not alone. We all made mistakes from time to time. Good thing is you knew you can always recover...just don't lost hope...don't hate yourself much. You did it once...you can do it again and maybe much better next time...Good Luck!
  • #553,290
  • Oct 23, 2011 8:50pm Oct 23, 2011 8:50pm
Quoting suthmo
....I got the greatest system in the world .........
http://3.bp.blogspot.com/_QCcMTHCBJ4...w%2BSystem.jpg
The Thief of Wall Street
  • #553,291
  • Oct 23, 2011 8:53pm Oct 23, 2011 8:53pm
Quoting Chicky
http://3.bp.blogspot.com/_QCcMTHCBJ4...w%2BSystem.jpg
To be fair, isn't currency trading redistribution of wealth? You know, from bears to bulls and vice versa
  • #553,292
  • Oct 23, 2011 9:04pm Oct 23, 2011 9:04pm
Quoting factorof2
To be fair, isn't currency trading redistribution of wealth? You know, from bears to bulls and vice versa
I do, but with this modification:

Bull to = Bear + Broker + Taxman

Bear to = Bull + Broker + Taxman

Broker to = Taxman

Taxman to = Banks

Therefore:

Bull + Bear + Broker to = Banks, through Taxman
The Thief of Wall Street
  • #553,293
  • Oct 23, 2011 9:04pm Oct 23, 2011 9:04pm
Yeah my discipline is getting better since this last mashup. I just have to focus on not making the mistakes. I wasn't trading at my desk those 3 days and my rules list was outta sight outta mind!
Founder of Sutherland Wave Principle
  • #553,294
  • Oct 23, 2011 9:13pm Oct 23, 2011 9:13pm
morning all ..
patient is my attitude, rushing is a dog
  • #553,295
  • Oct 23, 2011 9:13pm Oct 23, 2011 9:13pm
Interesting behavior at the 1.38600 level during the first third of the Asian session. Could maintain near term resistance until European open..Maybe provide a short-term short opportunity
  • #553,296
  • Oct 23, 2011 9:18pm Oct 23, 2011 9:18pm
The summits will bring about good news...so because of this everyone should buy euros..........lol !
  • #553,297
  • Edited 9:37pm Oct 23, 2011 9:19pm | Edited 9:37pm
Quoting docrock
uh huh


No my friend, what I am trying to says is this, most of technical analysis and indicators sucks, and traders tend to see what they want to see instead of what is there. That why most of them loose money.

Look at the chart below, she goes down, then she forms a double top bear flag (see stops sign), after that she is going down further printing a long bearish candle. If I was short I would take some of my profit there. Now look at the following bull bar (see arrow). A shaved top bar formed in its last 20 second, that for me indicates that the bulls are getting stronger, that bar is a good sign to get in long at least for a scalp, bears are getting trapped, they need to get out pushing the trade in my direction.
Now tell which indicator or TA can indicate to me that is where I need to get in? Maybe they can do it once or twice, but not as much as I like.

There is a lot of bullshit in forex like anywhere else, just do not make them foul you. Look at the charts, is all there and learn from it.

This is what I think, I have mentioned this already numerous times, but I think traders to not get interested in it because is not sexy like TA and indicators.

I hope it helps.

mla
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"The Heart is the hub of all dances; go there and chill out"
  • #553,298
  • Oct 23, 2011 9:21pm Oct 23, 2011 9:21pm
Quoting suthmo
Yeah my discipline is getting better since this last mashup. I just have to focus on not making the mistakes. I wasn't trading at my desk those 3 days and my rules list was outta sight outta mind!
Without prejudice to anyone or any system, want to share this second rule of gambling:

Gambling Rule#2: People lose in gambling because there is a limit to how much they can lose but no limit to how much they want to gain.

Reverse the above rule and one has the perfect system.

My best system can only produce anything from 20% pa to 50% pa. That is way too much than what I expected.
The Thief of Wall Street
  • #553,299
  • Oct 23, 2011 9:28pm Oct 23, 2011 9:28pm
Hi Kiwi

You just made it yesterday. I knew it was going to be tricky. Finals always are.
Anyway I happy for you.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #553,300
  • Oct 23, 2011 9:34pm Oct 23, 2011 9:34pm
Quoting Chicky
Without prejudice to anyone or any system, want to share this second rule of gambling:

Gambling Rule#2: People lose in gambling because there is a limit to how much they can lose but no limit to how much they want to gain.

Reverse the above rule and one has the perfect system.

My best system can only produce anything from 20% pa to 50% pa. That is way too much than what I expected.


Refreshing as usual.

mla
"The Heart is the hub of all dances; go there and chill out"
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