Trade your plan.... SAFELY!!!
Kill the ego, or it will kill the mission.
- #8,341
- Nov 9, 2011 2:21am Nov 9, 2011 2:21am
- Joined Jun 2011 | Status: Scratching my head. | 3,576 Posts | Online Now
- #8,342
- Nov 9, 2011 2:22am Nov 9, 2011 2:22am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I am just reading speeches of Goebbels. Shall I start making notes so we can dominate Europe once unemployment reaches critical level?
I want to be the Supreme Allied Commander
I don't care which way the market is going as long as it's going my way
- #8,343
- Nov 9, 2011 2:35am Nov 9, 2011 2:35am
- Joined Jun 2011 | Status: Scratching my head. | 3,576 Posts | Online Now
Kill the ego, or it will kill the mission.
I now invite comments
Honestly, Americans dump USDs during US session, Europe dumps EUR during London session... Why don't japanese dump JPY during Tokyo session?
Oh wait, BOJ tried...
But, seriosly, it seems this is how it works now.
Wait, so we will get a jump on the NY open? Seems plausible. Or we get a crash, and the shoulder will remain a sweet dream of the past... Either way dumping race needs a winner, who will get dumped more? Reasons for dumping EUR are quite clear, reasons for dumping USD are mixed.
Good USD data, dump USD as a safe haven. Bad USD data, dump USD cause of QE3 rethoric.
Good EUR data, dump EUR cause of political rumours. Bad EUR data, dump EUR because of them.
Interesting fact: Have you noticed that both 'Bernanke' and 'Berlusconi' start the same?
- #8,345
- Nov 9, 2011 2:41am Nov 9, 2011 2:41am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Is that the advice you gave people right before they jumped out of a plane?
Jumping out of a plane is easy, landing is the hard part.
There is no such thing as a perfectly good aircraft. I have the option to get out. You get the pleasure of riding it in.
Like trading, preparation is the key. You'll spend an entire day practicing the motions of a proper exit and proper paratrooper landing on the ground with jumpmasters going over each step a few times, then you go to the airfield and practice some more before spending a couple hours chuting up and checking equipment. Load up on the aircraft, fly around a couple hours and then 10 minutes out from the drop zone you start doing final equipment checks.... All for 30 seconds of air time with the chute before you hit the ground. You'll start your day at 6 am and won't get home until the next morning on a night jump.
Repetion and muscle memory.
I don't care which way the market is going as long as it's going my way
- #8,346
- Nov 9, 2011 2:46am Nov 9, 2011 2:46am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #8,347
- Nov 9, 2011 2:47am Nov 9, 2011 2:47am
- Joined Jun 2011 | Status: Scratching my head. | 3,576 Posts | Online Now
Kill the ego, or it will kill the mission.
It tends to work like this, but there are lots of exceptions. Yesterday is a good example. London started with a bull charge. Stakes are high and getting higher every day.
And cause there is no such rule, I am a loser for now... Maybe on Friday I will be able to spot some interesting opportunity, at least for a scalp. After all, I will have whole day to watch the charts. Or, almost whole day.
Right now I start to worry... If / when we break the range to the upside, won't hopium get strong and the shoulder will become higher as a result (or whole H&S won't get formed, and we will skyrocket on some QE3 babbling)...? I mean - breaking range after long period of stalling... should be quite powerful, shouldn't it?
- #8,350
- Nov 9, 2011 2:59am Nov 9, 2011 2:59am
- Joined Jun 2011 | Status: Scratching my head. | 3,576 Posts | Online Now
This is what my crystal ball is telling me about the bull's future.
.
http://www.youtube.com/watch?v=PzuHATNVshQ
Kill the ego, or it will kill the mission.
- #8,351
- Nov 9, 2011 3:02am Nov 9, 2011 3:02am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Talk of sovereign demand under 1.3780 EUR/USD
From forexlive.com
Can’t confirm the name but it’s a major Asian sovereign buying apparently. Day’s low was 1.3776
Probably Japan so it won't last too long.
From forexlive.com
Can’t confirm the name but it’s a major Asian sovereign buying apparently. Day’s low was 1.3776
Probably Japan so it won't last too long.
Those who say it cannot be done should not interrupt those who are doing it
- #8,352
- Nov 9, 2011 3:07am Nov 9, 2011 3:07am
- Joined Jun 2011 | Status: Scratching my head. | 3,576 Posts | Online Now
Of course there are exceptions, if there only was a rule with no exceptions in forex, I would be millionare
And cause there is no such rule, I am a loser for now... Maybe on Friday I will be able to spot some interesting opportunity, at least for a scalp. After all, I will have whole day to watch the charts. Or, almost whole day.
Right now I start to worry... If / when we break the range to the upside, won't hopium get strong and the shoulder will become higher as a result (or whole H&S won't get formed, and we will skyrocket on some QE3 babbling)...?...
Kill the ego, or it will kill the mission.
- #8,353
- Nov 9, 2011 3:08am Nov 9, 2011 3:08am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Talk of sovereign demand under 1.3780 EUR/USD
From forexlive.com
Can’t confirm the name but it’s a major Asian sovereign buying apparently. Day’s low was 1.3776
Probably Japan so it won't last too long.
LCH.Clearnet Raises Initial Margin Call on Italian Debt
I don't care which way the market is going as long as it's going my way
- #8,354
- Nov 9, 2011 3:12am Nov 9, 2011 3:12am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #8,355
- Nov 9, 2011 3:15am Nov 9, 2011 3:15am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #8,356
- Nov 9, 2011 3:16am Nov 9, 2011 3:16am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I don't care which way the market is going as long as it's going my way
- #8,357
- Nov 9, 2011 3:18am Nov 9, 2011 3:18am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #8,358
- Nov 9, 2011 3:23am Nov 9, 2011 3:23am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #8,360
- Nov 9, 2011 3:43am Nov 9, 2011 3:43am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it