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  • #563,441
  • Nov 17, 2011 7:38am Nov 17, 2011 7:38am
risk on data, but was expecting a shakeout, still might...

philly fed l8tr...
  • #563,442
  • Nov 17, 2011 7:40am Nov 17, 2011 7:40am
Quoting kolz
3495 short target 3425 stop 3530
will add short if it reaches 3510
added.
3494 and 3510 short.
  • #563,443
  • Nov 17, 2011 7:41am Nov 17, 2011 7:41am
Quoting FX Babie
another 300 pips down is coming !!!!



Quoting FX Babie
do you call me stupid ..

Well, now you mention it, yes.


Almost as bad as this kid:

Quoting Incrediblle
I have blow up more then 35 accounts .
  • #563,444
  • Nov 17, 2011 7:41am Nov 17, 2011 7:41am
Quoting Tom_D_Trader
Very possibly. Thats why is there that red line below those bad shorts down there. Thats TP of those, I need to clear them. If it charges up for 0,6% of equity I may kill it. But I am willing to dive pretty deep (possibly to 354x) as I am still considering this as a deathbed spasms of bulls.

T
Are u saying u are trading something like 0.05 orders with a 50k account or something?
  • #563,445
  • Nov 17, 2011 7:42am Nov 17, 2011 7:42am
Inversed head&shoulder on 1hour chart if it break 1.35600? I'm trying to learn so can anyone confirm?
  • #563,446
  • Nov 17, 2011 7:47am Nov 17, 2011 7:47am
Quoting Alexone
Are u saying u are trading something like 0.05 orders with a 50k account or something?
Pretty close, but thats none of your bussiness.
"I know one thing, that I know nothing." Sokrates
  • #563,447
  • Nov 17, 2011 7:49am Nov 17, 2011 7:49am
Quoting alvelino
Inversed head&shoulder on 1hour chart if it break 1.35600? I'm trying to learn so can anyone confirm?
No, it's not a proper inverted H&S because of the way the left shoulder was formed.
  • #563,448
  • Nov 17, 2011 7:51am Nov 17, 2011 7:51am
Quoting alvelino
Inversed head&shoulder on 1hour chart if it break 1.35600? I'm trying to learn so can anyone confirm?

If you are serious about trading patterns in FX, this is a very good read:

http://www.institut-europlace.com/fi.../doc154667.pdf

They go in to serious mathematical detail when it comes to pattern recognition.

Their conclusion:

Quote
To summarize, chart patterns seems to really exist in the Euro/Dollar foreign exchange market. They have some capabilities for predicting future price trend but trading rules related to them seem unprofitable.



http://www.newyorkfed.org/research/s...ports/sr42.pdf

Quote
Second, head-and-shoulders trading is not profitable
  • #563,449
  • Nov 17, 2011 7:51am Nov 17, 2011 7:51am
Quoting cloggie
Fitch had a few shorts underwater....

Oanda did tell their noobies to stay the heck out of this market, there is an email floating around somewhere on FF. I like the noobies to stay right here, make yourself feel at home, don't get too comfortable though, you won't be around long enough to enjoy it.

Beg to differ Cloggs i'm going to be around im new but putting the hours and the work in eventually to trade for a living.
  • #563,450
  • Nov 17, 2011 7:52am Nov 17, 2011 7:52am
why do i get a feeling that everyone's shorting now?
  • #563,451
  • Nov 17, 2011 7:53am Nov 17, 2011 7:53am
Quoting cloggie
If you are serious about trading patterns in FX, this is a very good read:

http://www.institut-europlace.com/fi.../doc154667.pdf

They go in to serious mathematical detail when it comes to pattern recognition.

Their conclusion:
Thanks mate! Have something new to read tonite...
Quant Hedge Fund CEO
  • #563,452
  • Nov 17, 2011 7:55am Nov 17, 2011 7:55am
Quoting cloggie
Fitch had a few shorts underwater...
"I know one thing, that I know nothing." Sokrates
  • #563,453
  • Nov 17, 2011 7:56am Nov 17, 2011 7:56am
pa went exactly what i wanted to . bounce on 62ema 1hr tf.

Quoting tankokjian
waiting to buy on the pull back
  • #563,454
  • Nov 17, 2011 7:56am Nov 17, 2011 7:56am
Too many porcupines on 4hr to trade properly. Market will have to decide what to do with 500 to 550.
In other news: A ranger was trapped between a bull and a bear
  • #563,455
  • Nov 17, 2011 7:56am Nov 17, 2011 7:56am
It's the G/U that's dragging this pair down. Is there any -ve news out of British land?
Make your losses in demo. Earn your profits live.
  • #563,456
  • Nov 17, 2011 8:00am Nov 17, 2011 8:00am
3660 is my first point of reference before attempting any shorts.

Anyone agree?
  • #563,457
  • Nov 17, 2011 8:01am Nov 17, 2011 8:01am
Quoting cloggie
If you are serious about trading patterns in FX, this is a very good read:
Nice link, thx.
"I know one thing, that I know nothing." Sokrates
  • #563,458
  • Nov 17, 2011 8:01am Nov 17, 2011 8:01am
Quoting FXMastermind
Thanks mate! Have something new to read tonite...

I added a second study by the FED to the earlier post. I generally tend to ignore the retail press and cr@p from brokers and tend to listen to what academia and respected researchers are saying.
  • #563,459
  • Nov 17, 2011 8:03am Nov 17, 2011 8:03am
Quoting cloggie
If you are serious about trading patterns in FX, this is a very good read:

http://www.institut-europlace.com/fi.../doc154667.pdf

They go in to serious mathematical detail when it comes to pattern recognition.

Their conclusion:





http://www.newyorkfed.org/research/s...ports/sr42.pdf

Thanks! Will definitely enjoy reading this.
Yay! Pips for everyone!
  • #563,460
  • Nov 17, 2011 8:04am Nov 17, 2011 8:04am
Quoting FX Babie
another 300 pips down is coming !!!!
One of his best...
Quant Hedge Fund CEO
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