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  • #559,901
  • Nov 9, 2011 5:44am Nov 9, 2011 5:44am
Quoting cloggie
Like everything else in the mass media, you need to take everything with a lorry load of salt as 99.99% is absolute BS. They tailor to the average idiot, which suits the majority of contributors on this thread, but a trader would just ignore them and get his info from source.

If the mainstream news was so great, then the trader's news sources wouldn't exist.

As a trader I want my news unabridged with no comments, no slant and no opinion, just give me the data, I will do with it what is needed, I don't need some prima donna making a lousy 100k...
well said, brutally honest as usual...
  • #559,902
  • Nov 9, 2011 5:47am Nov 9, 2011 5:47am
Quoting FibbinArchie
well said, brutally honest as usual...
I second that Cloggie....I can't agree more. The moment you start reading the raw info and data by yourself you may not always be right but damn sure things will dramatically improve in your trading...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #559,903
  • Nov 9, 2011 5:52am Nov 9, 2011 5:52am
Quoting KiwiTrada
We watch 4 charts per pair, each chart show different tf's, aspects, S&R Fibs Patterns etc etc, all on one chart is get too messy,

This 2 1hr charts, show possible entry, not optimum, but rr was acceptable.

When you watch 4 ladies, each one give little clues then put all together try find optimum entry.
Like I say this ladie is in squeeze tighter tighter, plan is to entry with positive sl above utl, if breach ltl awesome, will be quick pips, if it pop utl I stopped no loss, find next opportunity
Before & After, time for breather bounce etc, be nice if pa behave everyday
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU 1hr squeeze pop 11 11 2011.png Size: 43 KB
Click to Enlarge Name: AU 1hr squeeze pop 2 11 11 2011.png Size: 42 KB
If you are new to Forex? Say Goodbye to your account!!
  • #559,904
  • Nov 9, 2011 5:52am Nov 9, 2011 5:52am
Equities trying to bounce...eurusd lagging.
They think they are smarter than I am.
  • #559,905
  • Nov 9, 2011 5:53am Nov 9, 2011 5:53am
Quoting cloggie
Like everything else in the mass media, you need to take everything with a lorry load of salt as 99.99% is absolute BS. They tailor to the average idiot, which suits the majority of contributors on this thread, but a trader would just ignore them and get his info from source.

If the mainstream news was so great, then the trader's news sources wouldn't exist.

As a trader I want my news unabridged with no comments, no slant and no opinion, just give me the data, I will do with it what is needed, I don't need some prima donna making a lousy...
agree with you. i know opinion is very bad, i though it was a breaking news , from now i will use them as background noise (make me feel surrounded by people ),

thanks again.
Mohan
  • #559,906
  • Nov 9, 2011 5:55am Nov 9, 2011 5:55am
Quoting KiwiTrada
Before & After, time for breather bounce etc, be nice if pa behave everyday
which indi are you using for weekly open there kiwi?
  • #559,907
  • Nov 9, 2011 5:56am Nov 9, 2011 5:56am
Quoting KiwiTrada
Before & After, time for breather bounce etc, be nice if pa behave everyday
i try to defend 280
Mohan
  • #559,908
  • Nov 9, 2011 5:56am Nov 9, 2011 5:56am
Quoting Z3iz3i
Equities trying to bounce....
On what, on a 50% hair cut for Italy?


On a more serious note, hope you caught some of that move
  • #559,909
  • Nov 9, 2011 5:56am Nov 9, 2011 5:56am
when short last night around 3838 - up 195 pips... normally i would get out; however, we are close to the lows of the last two weeks; if we break 3600 it may go down and test to oct's lows ??? so i moved my stop up to make over 100 pips and let it ride today.
  • #559,910
  • Nov 9, 2011 5:58am Nov 9, 2011 5:58am
Well, all corrections are done pretty well so far. Except for the last one.
How about 3565 today/tomorrow for .618 correction?
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd-H4.PNG Size: 63 KB
  • #559,911
  • Nov 9, 2011 5:59am Nov 9, 2011 5:59am
Quoting Jackthepiper
the only move out of this range was down. Running profit of 140pips
Congratulations, Nice trade.

I have messed this trade.

Regards,

Josef
  • #559,912
  • Nov 9, 2011 5:59am Nov 9, 2011 5:59am
Quoting cloggie
Let's see how 3610 behaves first.
3634 daily S3. I guess we watch that for a close below (I like 15 min candles) to confirm further downside pressure.

Only muppets would go long here...
  • #559,913
  • Nov 9, 2011 6:00am Nov 9, 2011 6:00am
There is a NEWS setup in play, don't know what.

Watch out near close and open hours. May dip some and bounce hard up or opposite.
They think they are smarter than I am.
  • #559,914
  • Nov 9, 2011 6:03am Nov 9, 2011 6:03am
Quoting FibbinArchie
which indi are you using for weekly open there kiwi?
Hey Bro

All opens are averaged out, northern hemisphere opens differ to southern, etc etc broker to broker, they are generally close, but virtually never the same, so we average with 5-6 pips either side for trade zone

Trade safe kiwi
If you are new to Forex? Say Goodbye to your account!!
  • #559,915
  • Nov 9, 2011 6:05am Nov 9, 2011 6:05am
Quoting Z3iz3i
There is a NEWS setup in play, don't know what.

Watch out near close and open hours. May dip some and bounce hard up or opposite.
yeah I'm too in a fog with this news - technically we're going down flag on 4h points deep dive
  • #559,916
  • Nov 9, 2011 6:06am Nov 9, 2011 6:06am
EURUSD Yesterday Range 122 Pips (4 digit Broker)
EURUSD 30 Day Range 163 Pips
EURUSD TODAYs Range 236 Pips

and it gets better by the minute
  • #559,917
  • Nov 9, 2011 6:08am Nov 9, 2011 6:08am
Quoting KiwiTrada
Hey Bro

All opens are averaged out, northern hemisphere opens differ to southern, etc etc broker to broker, they are generally close, but virtually never the same, so we average with 5-6 pips either side for trade zone

Trade safe kiwi
thanks...

actual atr is a little stretched based on recent ohlc data, doesn't mean much if we get another risk off news event...
  • #559,918
  • Nov 9, 2011 6:10am Nov 9, 2011 6:10am
so i got scared and took half off and let the rest run. no to get ready to go do my day job
  • #559,919
  • Nov 9, 2011 6:12am Nov 9, 2011 6:12am
Quoting freemen
No I was in work. When I come home was to late to close. Stay for future. Because who now one day we will be back 1.41. Only after how long time?
I feel for you, but I have learnt that when you irrationally don't have a stop in as part of your plan to trade, then you hang on for possibly months, and you limit your ability to trade as well as the fun game of topping up to keep yourself afloat, or you put in another opposite trade which boxes you in harder.

I have also learnt that the news is fickle and yesterday's strong news is easily surpassed by some other crap that you can't see why it would move the price anywhere!

Anyhow, best of luck with it, I personally have stronger belief in the charts and indicators than the news.
  • #559,920
  • Nov 9, 2011 6:16am Nov 9, 2011 6:16am
waiting
Trade responsiblypatience is the key/Swing trader
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