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  • #6,521
  • Oct 31, 2011 9:13am Oct 31, 2011 9:13am
Quoting PipTrapper
... Ha ha "Hog Wash"... Good one PT
Nothink equals to laughing to your own joke . Makes the life much more funny. I am laughing all the time. Sometimes I think people will think I am crazy when I suddenly start laughing to myself while in the subway. Well, screw em, I dont care as long as I am having fun.

But tell me. How can I stop those thoughts flying through my head?

And none of my friends understands my economical jokes. All lawers, statistics, doctors. Bad luck for em .
"I know one thing, that I know nothing." Sokrates
  • #6,522
  • Oct 31, 2011 9:14am Oct 31, 2011 9:14am
Quoting Blobik
In fact, we get macro data and news bombing this week. Maybe thats why BOJ intervened just before the mayhem.
Yep... Here is all the medium and high impact news for USD and EUR this week. (All times are CET or GMT+1)
The perfect storm...

.
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Those who say it cannot be done should not interrupt those who are doing it
  • #6,523
  • Oct 31, 2011 9:19am Oct 31, 2011 9:19am
Looks to me like the bears are a bit stronger than the bulls. But really, it has the feel of a battle to the death.
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Kill the ego, or it will kill the mission.
  • #6,524
  • Oct 31, 2011 9:19am Oct 31, 2011 9:19am
Quoting Tom_D_Trader
Nothink equals to laughing to your own joke . Makes the life much more funny. I am laughing all the time. Sometimes I think people will think I am crazy when I suddenly start laughing to myself while in the subway. Well, screw em, I dont care as long as I am having fun.

But tell me. How can I stop those thoughts flying through my head?

And none of my friends understands my economical jokes. All lawers, statistics, doctors. Bad luck for em .
If you cannot laugh at your own jokes, then how would you expect others to laugh at them also?

I am sure your doctor and lawyer friends laugh at their own profession related jokes also... just not your economic ones, but I do.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,525
  • Oct 31, 2011 9:20am Oct 31, 2011 9:20am
Quoting PipTrapper
ADD: Regarding support, it is not at 1.40 but rather at 1.3950.
Hello PT and all... keep up the good work on this thread.
I had one short from 4050, but unfortunatelly closed it too early...
Now I am waiting for hours to see what will happen at support level.
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  • #6,526
  • Oct 31, 2011 9:21am Oct 31, 2011 9:21am
Btw it seems like trianguloid something if looked at m15 closing prices.

Hopium spike up may come soon.

I still dont think whoever pushed this bull gave up and think he will at leas one more try to retest upper boundaries.

T.
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"I know one thing, that I know nothing." Sokrates
  • #6,527
  • Oct 31, 2011 9:22am Oct 31, 2011 9:22am
Quoting AaronWard
Looks to me like the bears are a bit stronger than the bulls. But really, it has the feel of a battle to the death.
Just before an earthquake or a big storm, the birds stop chirping. Perhaps we are witnessing that same phenomenon
Those who say it cannot be done should not interrupt those who are doing it
  • #6,528
  • Oct 31, 2011 9:25am Oct 31, 2011 9:25am
If you are an Elliotician and are reading this post, please provide us with a comprehensive wave count on the EUR/USD and the Dollar Index. Thanks
Those who say it cannot be done should not interrupt those who are doing it
  • #6,529
  • Oct 31, 2011 9:25am Oct 31, 2011 9:25am
Quoting PipTrapper
If you cannot laugh at your own jokes, then how would you expect others to laugh at them also?

I am sure your doctor and lawyer friends laugh at their own profession related jokes also... just not your economic ones, but I do.
Yes, they do. We sometimes just sit and everyone is just telling jokes from his branch.

Noone gets jokes of others, but after half an hour of explaining of each part of the joke we usually come to understanding.

Last time I was explaining how CCC bonds turn into AAA bonds through EFSF, which I find extremely funny. It was a hard work.

EDIT: I guess todays empty box which actually has to be borrowed is on the way

T.
"I know one thing, that I know nothing." Sokrates
  • #6,530
  • Oct 31, 2011 9:28am Oct 31, 2011 9:28am
Quoting Chika Kure
Hello PT and all... keep up the good work on this thread.
I had one short from 4050, but unfortunatelly closed it too early...
Now I am waiting for hours to see what will happen at support level.
Hello Chika. Thanks for your compliments and welcome to EurAnalysis.
We are glad to have you here and looking forward to our participation.
Please remember to read page 1
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #6,531
  • Oct 31, 2011 9:38am Oct 31, 2011 9:38am
A primary dealer/broker based in NY, MF Global Finance, the owners of the advertised Forex dealer Interactive Brokers and a few other subsidiaries, has filed for bankruptcy citing losses on sovereign bonds as the cause.

MF GLOBAL FINANCE FILES BANKRUPTCY

Game Over. And in the meantime, we get the following report from a media source: "CME’s acting like the MF Global thing just happened. They’re haphazardly locking traders out who clear with MF, blocking access to the floor of not just MF Global employees but people who clear through them. As a result, nobody wants to leave the floor and nobody who still has access wants to trade just to get locked out."
Those who say it cannot be done should not interrupt those who are doing it
  • #6,532
  • Oct 31, 2011 9:39am Oct 31, 2011 9:39am
Quoting Tom_D_Trader
Btw it seems like trianguloid something if looked at m15 closing prices.

Hopium spike up may come soon.

I still dont think whoever pushed this bull gave up and think he will at leas one more try to retest upper boundaries.

T.
Hmm, your chart pointed to me, that EUR was slowly sliding down before BOJ, and now it seems to continue the slide with similar angle, but it is a bit to fast to say so. If the support is to defend itself, it better start rejecting soon, in few hrs it can be too late

Damn, why didn't I short yesterday, BOJ would generously guarantee me a risk free trade...
  • #6,533
  • Oct 31, 2011 9:42am Oct 31, 2011 9:42am
Quoting Tom_D_Trader
Btw it seems like trianguloid something if looked at m15 closing prices.

Hopium spike up may come soon.

I still dont think whoever pushed this bull gave up and think he will at leas one more try to retest upper boundaries.

T.
Perhaps, but I don't think it will happen today.
Also, it will have to be very big boys with some sort of twisted agenda.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,534
  • Oct 31, 2011 9:43am Oct 31, 2011 9:43am
Quoting Blobik
Hmm, your chart pointed to me, that EUR was slowly sliding down before BOJ, and now it seems to continue the slide with similar angle, but it is a bit to fast to say so. If the support is to defend itself, it better start rejecting soon, in few hrs it can be too late

Damn, why didn't I short yesterday, BOJ would generously guarantee me a risk free trade...
I think it's because you may have been a bit biased to the upside
Those who say it cannot be done should not interrupt those who are doing it
  • #6,535
  • Oct 31, 2011 9:53am Oct 31, 2011 9:53am
Just so you guys know, this is scalpers paradise. I have closed 42 positions in the last 8 hours. None have been big, 2-20 pips per position and I am not using a lot of leverage but still, it has been fun.
Kill the ego, or it will kill the mission.
  • #6,536
  • Oct 31, 2011 9:54am Oct 31, 2011 9:54am
and I keep breaking my rules and getting burned smh. I've been trading on and off this market for a few years but in many ways still a beginner. I realize what my major problem is and its that lack of discipline, not lack of knowledge or undertanding enough of the market. I'm not a scalper personality nor someone that will hold a trade for a week or longer. I'm somewhere in between but find that I get ansy to jump into a trade before I get the the line of things I am looking for because I either want to make money fast or try to make back a lose, only digging a hole further for myself. I need to somehow take a step back mentally and start trading my technical indicator rules that I developed for myself. Any suggestions? Honestly it feels like I just need to do it and stop procrastinating on showing discipline and patience. The irony is I need to take action by procrastinating on taking trades lol, how funny is that?

I know the method of trading I've developed works, just that I need the discipline to not feel the need to trade every time because it is a system that will only give me only a few trades a month, but they will be high probability. That's my trade off. Just thinking out loud here to myself, maybe it will help.
  • #6,537
  • Oct 31, 2011 9:57am Oct 31, 2011 9:57am
Quoting nyfx718
and I keep breaking my rules and getting burned smh. I've been trading on and off this market for a few years but in many ways still a beginner. I realize what my major problem is and its that lack of discipline, not lack of knowledge or undertanding enough of the market. I'm not a scalper personality nor someone that will hold a trade for a week or longer. I'm somewhere in between but find that I get ansy to jump into a trade before I get the the line of things I am looking for because I either want to make money fast or try to make back a lose,...
give yourself some kind of physical barrier... perhaps unplug your mouse, or turn off you computer when you don't have to look at it. Or practice deep breathing...

It's all about impulse control. What do you do in other areas of your life? Or is self discipline a problem wherever you look?
Kill the ego, or it will kill the mission.
  • #6,538
  • Oct 31, 2011 10:01am Oct 31, 2011 10:01am
Quoting nyfx718
I know the method of trading I've developed works, just that I need the discipline to not feel the need to trade every time because it is a system that will only give me only a few trades a month, but they will be high probability. That's my trade off. Just thinking out loud here to myself, maybe it will help.
Perhaps what you need to do is set up email alerts on your charts so that you can step away from the computer.
When price approaches the zone you are looking for, you will receive an email on your mobile device and then you can come back to the computer to see if you have a valid signal.

If that does not work for you (I have no idea what your trading system is), perhaps you can write an indicator that detects the conditions of your trading system and notify you. If you do not know how to program indicators, send me a pm and I may be able to help you.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,539
  • Oct 31, 2011 10:03am Oct 31, 2011 10:03am
Quoting PipTrapper
I think it's because you may have been a bit biased to the upside
I think it is just that I made decision not to enter trades other than scalping before 2-3 Nov, and plan to enter after FOMC say what they need to say. After all, serious drop on EURUSD should wait till then (unless market starts to "unprice" the QE before actual statement). So I guess I will do some scalping like Aaron mentioned. Bolinger Bands may be useful. +, tomorrow I have a free day, so maybe I will manage to get some pips.

And my broker announced they are preparing to introduce microlots(), so I try not to jump into too many trades before I will be able to try smaller entries, so I don't wreck my account too soon .

Speaking of wrecking account, Alorente was not posting in a while - so perhaps he got a margin call . To bad, as right now it seems the uptrend might finally break into pieces...
  • #6,540
  • Oct 31, 2011 10:04am Oct 31, 2011 10:04am
Quoting nyfx718
I need to somehow take a step back mentally and start trading my technical indicator rules that I developed for myself. Any suggestions? Honestly it feels like I just need to do it and stop procrastinating on showing discipline and patience. The irony is I need to take action by procrastinating on taking trades lol, how funny is that?

I know the method of trading I've developed works, just that I need the discipline to not feel the need to trade every time because it is a system that will only give me only a few trades a month, but they will...
I may be able to give you a little help here, as it seems you may have simmilar personality.

I am incredibly self confident guy. That results in lots of pressure in my life because I very often judge or act before I think, because I think my initial thought was right. In market, there is just no place for such an action. Luckily for me, I have burned myself several times already and I work as an accountant, so I was able to force myself to absolute money management discipline.

I think it helped me a lot to study psychology. Impact of crowd pressure to neokortex. Point, when neokortex fails and you are led by instinctive limbic part of your brain. Evolution of ego is young compared to old instincts and your Ego can easily crumble while under pressure. There is some part about psychology in almost every trading book. I have found most complex look on this issue at work of Tony Plummer - Forecasting of financial markets.

Regards,

Tom
"I know one thing, that I know nothing." Sokrates
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