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  • #559,141
  • Nov 7, 2011 1:18pm Nov 7, 2011 1:18pm
Quoting cloggie
I don't scalp, took 5 sets of trades today out of eu for a total of 280 pips (unscaled) I would not call that scalping when your average trade is 55 odd pips each.

The whole day the thread has been filled with gamblers taking the odd punt for 5 pips here and there, the rest has been filled with muppets asking what just happened, just because they can't be bothered to get a proper news service.

The muppets here aren't traders, they are a bunch of 12 year olds tossing coins.

I dont know who you are referring to, ive been in Euro/USD Long since last week, waiting for it to get up to 1.4000 before the drop off. I dont know what happened because i cannot at the moment afford Bloomberg and none of the other sources i have access too have as of yet said anything that might reflect the sudden jump.

Although now as i understand it it may have jumped on rumors that Burloscnoi might be resigning.

Scalping is for idiots and the extremely lucky. I ahve never exited a trade with 50 pips profit (that is a scalp in my opinion)unless its on its way down and i exit to at least take something rather then just BE. I have 250 pips on Eur/CHF and im still holding and will continue to hold until i see a reason to exit. I also have over 5,000 on gold and still holding and dont plan on getting out any time soon.

Perhaps a little respect to those who cant afford bloomberg just yet and just ask for some friendly advice.
  • #559,142
  • Nov 7, 2011 1:19pm Nov 7, 2011 1:19pm
Quoting fontu
Yeah , some definition fault . similar but as to open close one way only though for the whole day & though each trade cover hours & so calling it scalping . actually no position taking today except one kept as it was> over 3800 one .
Thanks ,
fontu

I haven't position traded all year, only intraday, I occasional hold a trade till Friday, but ever since this sh!t hit the fan, I take it day by day. We are so news driven this year that we end up all over the place.
  • #559,143
  • Nov 7, 2011 1:20pm Nov 7, 2011 1:20pm
Quoting cloggie
Made about 180 pips on news trades today on this pair alone, did about 300 on CHF pair, that's 500 pips of easy no brainer news trades in one day,

Sure news is useless, none of the big boys ever look at it, there are only tens of thousand Bloomberg terminals in London alone just being used as paperweight.

Yup, nobody trades the news. NFP day never happens, rate days never happen, 300 pip runs on down grades never happen, all a figment of the imagination, nothing to do with news.

What rock are you living under????
all is already priced in... and in my opinion trading news is gambling and not consistent...
When life gives you lemons, make lemonade
  • #559,144
  • Nov 7, 2011 1:20pm Nov 7, 2011 1:20pm
Quoting micho
news is useless and spending a dime on the news is an act of ignorance...
news are nothing...
The investor sentiment about theese news are what move the market...
  • #559,145
  • Nov 7, 2011 1:21pm Nov 7, 2011 1:21pm
Quoting cloggie
The kid got lucky on an anticipated trade using a coin toss, he'll get a margin call sometime this week and the markets will humble him a bit. The market always takes care of the gamblers.
I was waiting for this trade for quite a bit of time and it came up just at the right time imo, when every1 was falling asleep at their keyboards. However, the momentum is not good and i exited with 28 pips. Hearing u say it was a gamble however, made me doubt it. Why was it a gamble? Again i mention, it was well ahead planned out. But i guess the plan was bad?
  • #559,146
  • Nov 7, 2011 1:29pm Nov 7, 2011 1:29pm
Quoting micho
all is already priced in... and in my opinion trading news is gambling and not consistent...

Sure Greek referendum alll priced in, Berlusconi, all priced in NFP, all priced in, correcition last week, all priced in. There are hundreds/thousand of pips to be had a week on news. That is the only time you know that each and every trader that matters is looking at exactly the same thing. That is the only time you know the overal sentiment of the market. That is the only time that multiple timeframe traders are all lined up.

Each and every floor I have ever worked on, the news was the biggest thing of the day, the easiest money. Thats when we were busy, the rest is just icing on the cake.

News/fundies drives the markets, the techs/machines just dampen the swings.
  • #559,147
  • Nov 7, 2011 1:30pm Nov 7, 2011 1:30pm
I know I am crazy..lol (one doesn't happen with out the other)..Enjoy!!

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  • #559,148
  • Nov 7, 2011 1:34pm Nov 7, 2011 1:34pm
L8r, had enough of a muppet fix for one day.
  • #559,149
  • Edited 1:46pm Nov 7, 2011 1:35pm | Edited 1:46pm
usdchf doing the intervention in slow pace/ aftershock effects but continued and usdjpy stalled but not retraced almost any for many days & should be ready to take further or at least a good attempt next time, weekly gap not filled yet or attempted yet . so gold bull should be at it's brim soon . the risk appetite & buyers start the gold long should fuse with risk aversion then .lets see if the intervention start now to continue next days . leaving for today with tp set just above 3606 t control next day.
trade well all .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #559,150
  • Nov 7, 2011 1:40pm Nov 7, 2011 1:40pm
Have a good one!

Quoting cloggie
L8r, had enough of a muppet fix for one day.
  • #559,151
  • Nov 7, 2011 1:48pm Nov 7, 2011 1:48pm
I like news trades too but I just started to wake up to it, so it's hit and miss for me right now. I stare blankly when I hear someone say they pay no attention to the news.

Quoting cloggie
Sure Greek referendum alll priced in, Berlusconi, all priced in NFP, all priced in, correcition last week, all priced in. There are hundreds/thousand of pips to be had a week on news. That is the only time you know that each and every trader that matters is looking at exactly the same thing. That is the only time you know the overal sentiment of the market. That is the only time that multiple timeframe traders are all lined up.

Each and every floor I have ever worked on, the news was the biggest thing of the day, the easiest money. Thats when we...
It's easy to be humbled but hard to be humble.
  • #559,152
  • Nov 7, 2011 1:49pm Nov 7, 2011 1:49pm
Quoting fontu
usdchf doing the intervention in slow pace/ aftershock effects but continued and usdjpy stalled but not retraced almost any for many days & should be ready to take further or at least a good attempt next time, weekly gap not filled yet or attempted yet . so gold bull should be at it's brim soon . the risk appetite & buyers start the gold long should fuse with risk aversion then .lets see if the intervention start now to continue next days . leaving for today with tp set just above 3606 t control next day.
trade well all .
fontu

I hope gold bull doesnt end too soon. I still want to take some more pips before i close XD
  • #559,153
  • Edited 6:43pm Nov 7, 2011 2:01pm | Edited 6:43pm
Quoting cloggie
Only a muppet retailer would even think about looking for a trade here. I covered at 46 for a reason, now go back and find out why I covered right here. How did I know that holding a trade any longer just wasn't worth it.

If any of you took a trade on this pair in the last 2 hours. Stop trading immediately and re evaluate what you are doing, you ain't ready for this busineness yet.

To all the other muppets, put anyone that posted a trade here in the last 3 hours on your ignore list immediately, they are far greater muppets then you are and...
you was still here cause you said you was looking for another 60pip trade after london close, reason i think you cover at 46 was because it was prob one of your numbers, on my chart 46 was demand area why i said i though you closed at demand and it was also 5 minutes till euro close and 90% of the time on the M5 chart you can get a pullback as i think its caused by euro traders closing there position for the day which happened before price carry on down for a extra 31pips

you say re-evaluate and call me a muppet for trading the price bounce off a demand area after london close because your wasn't in a trade, maybe i shouldn't be trading yet but i though it was ok entry anyway going to get mw3
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  • #559,154
  • Nov 7, 2011 2:10pm Nov 7, 2011 2:10pm
Long EURO: Target 1.3807

Stop Loss 1.3770
  • #559,155
  • Nov 7, 2011 2:17pm Nov 7, 2011 2:17pm
After seriously reviewing my charts i came to the conclusion both cloggie and micho were right and i was wrong. Crazy bastards... Even tho the price is going up right now, that was bad. Same mistake i did last week.
  • #559,156
  • Nov 7, 2011 2:19pm Nov 7, 2011 2:19pm
Add to sell at DPV with pin bar and 1/2 1hr engulfing...

Last trade for NY session..GL!
  • #559,157
  • Nov 7, 2011 2:24pm Nov 7, 2011 2:24pm
Quoting cloggie
Sure Greek referendum alll priced in, Berlusconi, all priced in NFP, all priced in, correcition last week, all priced in. There are hundreds/thousand of pips to be had a week on news. That is the only time you know that each and every trader that matters is looking at exactly the same thing. That is the only time you know the overal sentiment of the market. That is the only time that multiple timeframe traders are all lined up.

Each and every floor I have ever worked on, the news was the biggest thing of the day, the easiest money. Thats when we...
that's your opinion
When life gives you lemons, make lemonade
  • #559,158
  • Nov 7, 2011 2:25pm Nov 7, 2011 2:25pm
Well done!

"The recognition of our own mistakes should not benefit us any more than the study of our successes"...J Livermore

Quoting Alexone
After seriously reviewing my charts i came to the conclusion both cloggie and micho were right and i was wrong. Crazy bastards... Even tho the price is going up right now, that was bad. Same mistake i did last week.
  • #559,159
  • Nov 7, 2011 2:25pm Nov 7, 2011 2:25pm
Quoting Nik655
I hope gold bull doesnt end too soon. I still want to take some more pips before i close XD
its gonna be ending soon i guess almost time to sell but not yet
When life gives you lemons, make lemonade
  • #559,160
  • Nov 7, 2011 2:56pm Nov 7, 2011 2:56pm
I am really hating this PA. Had been short since 1.3800 but this thing is moving at the snails pace and that too with high unpredictability
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