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  • #568,141
  • Nov 30, 2011 1:18pm Nov 30, 2011 1:18pm
Quoting Dagobert
You should rather consider shorting. Atleast you have a stoploss
Yeah, i agree with you the trend is strong bearish and this trade is kind of trying to pick a bottom. I may should wait for another 36 hours after it confirmed a relatively weak bottom but 1.3100 is not too bad in my opinion. I looked at the price range and I find there is a very strong support at 1.2940 level and EUR/AUD moved in range between 1.2940 and 1.4100 for a long time.
What is so funny is most time when i looked at the movement for a pair, it will play in range but when i enter it for long near the bottom, it will eventually break it..
But let's see how it will go, and you are right s/l is always the most important. 20 dollars is affordable for me to do a mid-term trade so i will hold it until get s/l.
  • #568,142
  • Nov 30, 2011 1:20pm Nov 30, 2011 1:20pm
Quoting KillerWhale
Back to bear
I still see that as bullish especially with NFP coming this Friday.
  • #568,143
  • Nov 30, 2011 1:22pm Nov 30, 2011 1:22pm
Quoting BeLikeWater
Cmon guys the only thing that work in market are Supply & Demand Zone, and VSA, maybe market profile.

If not see my results in http://www.dukascopy.com/traderconte...er=Belikewater this Dukascopy CONTEST this month: http://www.dukascopy.com/traderconte...er=Belikewater
Yes, you have found the Holy Grail. You are the best and I bow to your wisdom. In order to find you anytime, I am writing you on a very special list, called ignore list. Welcome aboard.

T
"I know one thing, that I know nothing." Sokrates
  • #568,144
  • Nov 30, 2011 1:26pm Nov 30, 2011 1:26pm
Quoting DeafPipster
I still see that as bullish especially with NFP coming this Friday.
To see anything bullish first 1.361x has to be broken
New voice message: Why are you calling me? If I need you, I'll call you!
  • #568,145
  • Nov 30, 2011 1:26pm Nov 30, 2011 1:26pm
Quoting Tom_D_Trader
Yes, you have found the Holy Grail. You are the best and I bow to your wisdom. In order to find you anytime, I am writing you on a very special list, called ignore list. Welcome aboard.

T
Oh........K, I just looked at his results, Holy crap......those are scary his first three days, he has 60%+ drawdown, yea........super elite here. I could find better odds at a casino table.

Yes, you ahead in profit about 5x your initial account balance, doesn't matter, your equity curve is horrible. Another couple weeks and you most likely will blow out your account.
  • #568,146
  • Nov 30, 2011 1:28pm Nov 30, 2011 1:28pm
Quoting KillerWhale
To see anything bullish first 1.361x has to be broken
1.3400-20 need to break for further downward move, if it holds, EU has potential to test 1.36XX
  • #568,147
  • Nov 30, 2011 1:28pm Nov 30, 2011 1:28pm
1.3419 sell stop anyone? do it
  • #568,148
  • Nov 30, 2011 1:34pm Nov 30, 2011 1:34pm
covered my shorts @.3427
  • #568,149
  • Nov 30, 2011 1:34pm Nov 30, 2011 1:34pm
Quoting Yuchen
Yeah, i agree with you the trend is strong bearish and this trade is kind of trying to pick a bottom. I may should wait for another 36 hours after it confirmed a relatively weak bottom but 1.3100 is not too bad in my opinion. I looked at the price range and I find there is a very strong support at 1.2940 level and EUR/AUD moved in range between 1.2940 and 1.4100 for a long time.
What is so funny is most time when i looked at the movement for a pair, it will play in range but when i enter it for long near the bottom, it will eventually break it..
But...
why do you keeping listening to them?
When life gives you lemons, make lemonade
  • #568,150
  • Nov 30, 2011 1:39pm Nov 30, 2011 1:39pm
Quoting KillerWhale
To see anything bullish first 1.361x has to be broken
I think NFP could make that happen and form new channel to give daily chart V shape. If not then bearish channel could be extend to below 1.30.

Anyone can predict what happen to forex or EU trades in case euro collapses?
  • #568,151
  • Edited 2:08pm Nov 30, 2011 1:39pm | Edited 2:08pm
Quoting BeLikeWater
Cmon guys the only thing that work in market are Supply & Demand Zone, and VSA, maybe market profile.

If not see my results in http://www.dukascopy.com/traderconte...er=Belikewater this Dukascopy CONTEST this month: http://www.dukascopy.com/traderconte...er=Belikewater
Ah another muppet who fell for VSA. There is no such thing in FX. If you look at the code of your magic little volume indy you will always see something along the lines of

volume(n)=High(n)/hight()-low(n) or something those lines. The closest one will have something along the lines of ((H-L)*(H-L)/2 - ((2)-1)*(C-O)*(C-O)).

That is not volume kiddo, that is Garman-Klass butchered formula.

Have a close look at the code of any of the "volume" or "VSA" crap that is out there and you will quickly see what it is really about, range based metrics not proper volume. And let's not even get started talking about the difference between liquidity and volatility, none of which your magic "VSA" can tell you anything about.

Just saying.....

If you are serious about looking at tick data instead of basing it in OHLC, get yourself a SQL server and fill it with a couple of billion data points and have a real look at what tickdata is really about.


But heh don't let me get in the way of the scammers perpetuating this cr@p, it keeps the percentages of failed traders just where I like it, as close to 90 as we can.
  • #568,152
  • Nov 30, 2011 1:44pm Nov 30, 2011 1:44pm
sell stop ? its 1.3441 now

Glad i didnt do that lol
  • #568,153
  • Nov 30, 2011 1:45pm Nov 30, 2011 1:45pm
Quoting Robst3r
sell stop ? its 1.3441 now

Glad i didnt do that lol
low is 1.3420, obviously it did not get triggered. wtf do you mean?
  • #568,154
  • Nov 30, 2011 1:46pm Nov 30, 2011 1:46pm
Quoting micho
why do you keeping listening to them?
i see, well, not keep listening to them just discuss it. if i listen to them i will close it... by the way, you always trade 0.1 lot?
  • #568,155
  • Nov 30, 2011 1:46pm Nov 30, 2011 1:46pm
why do you doubting yourself and say its bearish or it might fall or whatever?
you just opened a long, just let it play until it hits the target or until you see a reverse trade coming at the same time frame. and why did you close your EURUSD long from yesterday?
When life gives you lemons, make lemonade
  • #568,156
  • Nov 30, 2011 1:49pm Nov 30, 2011 1:49pm
Quoting mercy seat
Two pendings hit at 1.35300 ...

2011-11-30 _ (15h01 CET) EUR-USD _ 005min _ 000 barchart 300-502-30




;-|

Closed all positions at 1.34291 ...

2011-11-30 _ (20h27 CET) EUR-USD _ 005min _ 000 barchart 300-557-30




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #568,157
  • Nov 30, 2011 1:50pm Nov 30, 2011 1:50pm
Got my daily 2% in. Going to take break.
My End of month numbers show an 88% increase. My best thus far.
Taigen Profit This Month: na
  • #568,158
  • Nov 30, 2011 1:51pm Nov 30, 2011 1:51pm
Quoting micho
why do you doubting yourself and say its bearish or it might fall or whatever?
you just opened a long, just let it play until it hits the target or until you see a reverse trade coming at the same time frame. and why did you close your EURUSD long from yesterday?
cause he do not want lose money same as you
will see 33xx tonight
  • #568,159
  • Nov 30, 2011 1:51pm Nov 30, 2011 1:51pm
Quoting BeLikeWater
Cmon guys the only thing that work in market are Supply & Demand Zone, and VSA, maybe market profile.

If not see my results in http://www.dukascopy.com/traderconte...er=Belikewater this Dukascopy CONTEST this month: http://www.dukascopy.com/traderconte...er=Belikewater
I'm not a fan of people posting their stats here, not to mention if they have nothing to show. You made it to top rank in 2 out of 12 months, and you've been losing pips on average in most of the data there. So how'd you beat the argument of you being simply lucky recently?

cloggie, if you could do us an honor...
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  • #568,160
  • Nov 30, 2011 1:52pm Nov 30, 2011 1:52pm
Quoting micho
why do you doubting yourself and say its bearish or it might fall or whatever?
you just opened a long, just let it play until it hits the target or until you see a reverse trade coming at the same time frame. and why did you close your EURUSD long from yesterday?
well, you are right... i sometimes lack of confidence when some people have different views of me and that's a reason why my imporvement is still very slow even i trade for almost 4 years.
I moved my s/l up to 1.3479 when i see it broke 1.3520 but it was a fake broken so it got s/l.. kind of nervous
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