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  • #567,381
  • Nov 29, 2011 1:16pm Nov 29, 2011 1:16pm
Your (b) wave will probably take much more time or at least half the time that your (a) wave has taken.

So I presume the (b) wave is not finished yet


Quoting selym_co
This is my weekly elliot count of the pair...and no need to BUY this pair for a looooong time ....its just my idea...
  • #567,382
  • Nov 29, 2011 1:19pm Nov 29, 2011 1:19pm
Quoting pkimnyc
lol. whatever dude. gl with your trading.
Same to you.

Once again i am saying: who is always targeting more than 100 pips has some technical and psychological SL. It could be 50 pips or 500 pips.
No long term trader put SL with 15 pips spread.
You cannot learn better without losing
  • #567,383
  • Nov 29, 2011 1:24pm Nov 29, 2011 1:24pm
Quoting Yuchen
i see, i have a 0.02 lots long at 1.33179 since yesterday with 200 pips s/l and aim to 38XX level, too...
i will add another 0.02 lots if a 4H chart can close above 1.3457.
So i have 40 dollars risk now and let's see if it will still survive after i finish my CFA exam this weekend.
sounds a good trade
When life gives you lemons, make lemonade
  • #567,384
  • Nov 29, 2011 1:25pm Nov 29, 2011 1:25pm
The rally end of NY should be interesting lets see.
  • #567,385
  • Nov 29, 2011 1:25pm Nov 29, 2011 1:25pm
Quoting forexings
Same to you.

Once again i am saying: who is always targeting more than 100 pips has some technical and psychological SL. It could be 50 pips or 500 pips.
No long term trader put SL with 15 pips spread.
guess you haven't met everybody yet.
  • #567,386
  • Nov 29, 2011 1:27pm Nov 29, 2011 1:27pm
Quoting pkimnyc
guess you haven't met everybody yet.
Do i need them while they need to find me out for their success?
Anyway, I met with them who didn't meet with everyone.
You cannot learn better without losing
  • #567,387
  • Nov 29, 2011 1:27pm Nov 29, 2011 1:27pm
Quoting normfx
Actually, being wrong is not a good idea..ask cloggie, he's not happy with 190 winning trades in a row at 99%..he wants 500 winning trades in a row..gl
i'm not cloggie.
  • #567,388
  • Nov 29, 2011 1:29pm Nov 29, 2011 1:29pm
Quoting forexings
Do i need them while they need to find me out for their success?
just saying... never say never. over and out.
  • #567,389
  • Nov 29, 2011 1:33pm Nov 29, 2011 1:33pm
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  • #567,390
  • Nov 29, 2011 1:38pm Nov 29, 2011 1:38pm
Hi,

I aint trading this week. I was getting information overflow. So it was pretty safe for me to come here as there are no informations here and I wanted to have some fun. And some more made it to ignore. Welcome hindustani, welcome taigen. I am not fair as usuall and am beeing arrogant and prejudice. But maybe some day, some day, I may be able to come here and actually extract some information without reading ten pages.

Cya,

T
"I know one thing, that I know nothing." Sokrates
  • #567,391
  • Nov 29, 2011 1:47pm Nov 29, 2011 1:47pm
swings on Eur/Usd are insane today.
makes it virtualy impossible for intraday trading for me!

Hows everyone else doing?
  • #567,392
  • Nov 29, 2011 1:57pm Nov 29, 2011 1:57pm
not good, i got stopped out in london session at 1.3295 only for it to shoot straight up to 1.3425'ish the next hour. i was not a happy camper but i stayed out of trading for the rest of the day. no direction at all, but good for scalpers i suppose. hard to say which side is the right side to be on!
  • #567,393
  • Nov 29, 2011 2:03pm Nov 29, 2011 2:03pm
Quoting Pip-hunter

NO WAY! I also run a demo on the secondary monitor and today I made 150 bucks profit on the demo, while on the real I lost 100! What a stupid situation!
This is what happens when you pre-commit to a price and do not follow your trade plan (strategy)!!!!!!

edit: If Cloggie sees those posts he will be laughing so hard )))))) omg
Sorry for my late answer, I went to sleep after my post, and I was at school whole day. So, yes it's very stupid situation. The good thing is that perhaps I can create a good strategy by mixing the two trading styles. My other problem is the school. I can't manage my positions in the school, and sometimes things are changing quickly. I use stops of course, but sometimes the price can't reach the target or reach the stop, but turning back after is. Sometimes this amount is only few pips, so it's annoying. Only twoo weeks left for the exams, and I'll have more time to manage stuffs from home. I would like to earn some money in January.
Bear the bull's consequence...
  • #567,394
  • Nov 29, 2011 2:06pm Nov 29, 2011 2:06pm
Take a look at this article, it provides food for thought. I have been side lined for most of the week, trying to figure out which way this is going. My overall sentiment is still strongly attracted to a large push south. I am however starting to shift my short term sentiment to a possible short lived rally for the Euro. Possible selling opportunities in the upper .34's to lower .35's, as early as next week? Have we seen this weeks bottom? More subjective, are we sitting on this weeks bottom as I type this?

http://www.dailyfx.com/technical_ana...timent=EUR/USD
  • #567,395
  • Nov 29, 2011 2:07pm Nov 29, 2011 2:07pm
Quoting forexings
Your strategy suitable for scalp but not for 100+ pips.

To make it clear i am giving you an example:
Suppose you sold @1.20 for 100pips with Sl 1.2010
In choppy market the price went 1.1950 and back to 1.2010, so you lost your 10 pips. You could win if your target was 50 pips.

More you increase your target more you could loose.
i think if he use 10 pips s/l, when he has 10 pips profits or 20 pips profits, he will move his s/l b/e or use a trail s/l 10 pips, so he might will still get 20-30 pips. people may not change their t/p at a trade but i think most people will change their s/l when they are in profits...
and as long as your stragtey suitable and safe, it is all good.
i used to trade 0.1 lot based on 5 mins and 15 mins chart and with around 40-60 pips s/l and 100 pips t/p or no t/p but manually close them.. then sometimes i earn 100-200 pips, sometimes i lose 60-100 pips (i had a bad habit to add another position when i am losing but i dont have that habit now)..so i was a short-term trader, then after a few months, i found out i may win 200 pips this week, then i lose 120 pips next week, and i win 300 pips this week but then lose 350 pips next week, at the end, maybe my result is +/-100 pips in a month (which is 100 dollars because i trade 0.1).
now i changed my strategy to a mid-term so that i look at 4H chart and daily chart to determine my trade direction and use 1H chart to determine if i should add another position. i usually have 150-200 pips s/l but i dont random open a position, i wait for 4H looks like form a bottom or top, so i could have 100 pips far away from the real bottom or top but then i only use 0.02 lots, so the 100 pips is just 20 dollars and i trade for mid-term so i usually see a 400+ pips and i may have a chance to add another position later so it works very good now. i am not adding new positions when i am losing but i will add more if i am winning good pips and i still can see it is continue based on my analysis so at the end, i actually make not bad profits with small risk loss at the beginning.
so strategy also based on if you are a mid-term, long-term or short-term trader
  • #567,396
  • Nov 29, 2011 2:12pm Nov 29, 2011 2:12pm
euro is doing fine with higher high and higher lows. but the problems is it is struggling to keep the highs. overall trend is downward, and there is a smack bearish pinbar. i would not bet on long here...
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As Above, So Below
  • #567,397
  • Nov 29, 2011 2:13pm Nov 29, 2011 2:13pm
Waiting For Opportunity Buy.....
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  • #567,398
  • Nov 29, 2011 2:22pm Nov 29, 2011 2:22pm
Quoting forexings
Your strategy suitable for scalp but not for 100+ pips.

To make it clear i am giving you an example:
Suppose you sold @1.20 for 100pips with Sl 1.2010
In choppy market the price went 1.1950 and back to 1.2010, so you lost your 10 pips. You could win if your target was 50 pips.

More you increase your target more you could loose.
WTF are you talking about dude? Are you even trading forex? I havenīt read greater bullshit like your 10 last posts since Barbie left the stage with applause...

Another one to ignore list, it becomes nicely populated...
Quant Hedge Fund CEO
  • #567,399
  • Nov 29, 2011 2:26pm Nov 29, 2011 2:26pm
Quoting Yuchen
i think if he use 10 pips s/l, when he has 10 pips profits or 20 pips profits, he will move his s/l b/e or use a trail s/l 10 pips, so he might will still get 20-30 pips. people may not change their t/p at a trade but i think most people will change their s/l when they are in profits...
and as long as your stragtey suitable and safe, it is all good.
i used to trade 0.1 lot based on 5 mins and 15 mins chart and with around 40-60 pips s/l and 100 pips t/p or no t/p but manually close them.. then sometimes i earn 100-200 pips, sometimes i lose 60-100...
moving sl after initial tf is reached. not moving after 10-20 pipper move.
and i don't normally scalp.
  • #567,400
  • Nov 29, 2011 2:27pm Nov 29, 2011 2:27pm
Btw, although I aint trading, I am still in the submarine, enjoying the ride. Here you got som S/R chart. It is bouncing of support at 3318 - 3324, isnt it? Timeframes H1- formed H&S with head beeing spike up above 3384 - 3398 zone (This head also creates wave 5 on H1- timeframes). Zone still holds as heavy ressistance for timeframes H4+.

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