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  • #586,781
  • Jan 22, 2012 8:33am Jan 22, 2012 8:33am
[quote=Taigen;5315912]You are so right on. Many here are turning this forum into a women's knitting club. quote]

ROFL

But seriously, I must admit I like KillerWhale's advice,
KISS = Keep it Simple Stupid.

There are obviously some very clever people on here that know how to use all the tools in the box in terms of indicators and charting analysis, but for me, I like to keep it pretty simple and let the price action tell me which way the market is going (and not what I think it's going to do based on charts which have more lines on them than a zebra). That's not to diss anyone on here that's clever enough to do all the analysis and whatnot though, maybe I'm just too lazy.......

I am a newbie on this thread and I really enjoy reading different people's opinions. I guess at the end of the day, everyone has their own style and if it's working, good on them....

  • #586,782
  • Jan 22, 2012 8:42am Jan 22, 2012 8:42am
Quoting FXMindset
Possible resume down/Pullback to tested Daily Trend Support again before going north
Btw,The descending channel @ Daily which was break upside seem too pushy for me,Personaly I think its like a Bullish Trap.Always set Stoploss for each of your trade whatever how convince you are.
By setting a Stoploss and using Proper MM for every trade thats means you are trying remove your Ego and you'r respect the market as well which will be rewarding your trade In long term


Good Luck
If there was easy money lying around,no one would be forcing it into your
  • #586,783
  • Jan 22, 2012 8:49am Jan 22, 2012 8:49am
Quoting FXMindset
Btw,The descending channel @ Daily which was break upside seem too pushy for me,Personaly I think its like a Bullish Trap.Always set Stoploss for each of your trade whatever how convince you are.
By setting a Stoploss and using Proper MM for every trade thats means you are trying remove your Ego and you'r respect the market as well which will be rewarding your trade In long term


Good Luck
if we got the downtrend move... the bullish trap that u mean maybe will comming from snb action
Bismillah
  • #586,784
  • Jan 22, 2012 8:55am Jan 22, 2012 8:55am
Quoting krunfx
if we got the downtrend move... the bullish trap that u mean maybe will comming from snb action
Dont think to much,busy or put any hope with the central bank intervention,just trade what the chart told you so
If there was easy money lying around,no one would be forcing it into your
  • #586,785
  • Jan 22, 2012 8:59am Jan 22, 2012 8:59am
Quoting FXMindset
Dont think to much,busy or put any hope with the central bank intervention,just trade what the chart told you so
this will go to a chartist vs fundamentalist sorta debate lol



im more or less a chartist - but i do check fundamentals jsut for headsup overall - or aafter the event to see why my trade is in profit or (stopped out) which is good to know the cause and effect of things - but i dont trigger trades from news events.


looks like i started the debate - oops

now off to play some classic age of empires with over lan with a buddy of mine

take care peeps
Have I got something on my face, SOLDIER?
  • #586,786
  • Jan 22, 2012 9:14am Jan 22, 2012 9:14am
Quoting FXMindset
Dont think to much,busy or put any hope with the central bank intervention,just trade what the chart told you so
hehhe.....yes im trading waht the chart told me to do...but...im consider that fundamental espect for my trading to avoid "invalid" forecast soon
Bismillah
  • #586,787
  • Jan 22, 2012 9:23am Jan 22, 2012 9:23am
Quoting Whiffles
Hi Killer, where do you think Sterling is going for the year?

Consensus says a slight strengthening over the year, but I think theres a better chance of a slide with the downside risks looming over the UK economy, any thoughts?
NO CLUE


YET
New voice message: Why are you calling me? If I need you, I'll call you!
  • #586,788
  • Jan 22, 2012 9:28am Jan 22, 2012 9:28am
Quoting KillerWhale
NO CLUE


YET
just my idea...
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Bismillah
  • #586,789
  • Jan 22, 2012 9:29am Jan 22, 2012 9:29am
Currency Analyst is the best job that's on the market.

The only job were you can be a 100% wrong today and still claim tomorrow that you are an expert.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #586,790
  • Jan 22, 2012 9:30am Jan 22, 2012 9:30am
Quoting krunfx
hehhe.....yes im trading waht the chart told me to do...but...im consider that fundamental espect for my trading to avoid "invalid" forecast soon
Fundamental/News is Good/Important but personaly am always ignored it as it will affect my trading decision

am remember the day when everyone long Eurchf pairs on 7 december 2011 when everyone,news,speculator believe that SNB will raise the floor on that day but the 15Minutes chart told me the different storied and I was short and earn 250 pips over

In this years am see a lot members put a hope with central bank intervention "Easy Money" even there are a lot people which never trade forex before Just join this crowded with hope to catch this intervention money,but remember "you may gain a lot in this short term intervention,But you wont survive in the longterm without focused on your quality trading"

@ Daily chart we might see eurchf trying to test/going below 1.2050 again
always remember that Mr.market always naughty and likely to test and Kill some of you which dont have a good/proper trading mindset yet.You might gain this year or another years but it only took a days to kill all of your margin once you forget the rules and yourself

Disciplines and Stay humble is the Key and For you less talk is better...Lolz,Just kidding and Trade well
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If there was easy money lying around,no one would be forcing it into your
  • #586,791
  • Jan 22, 2012 9:46am Jan 22, 2012 9:46am
Quoting KillerWhale
Currency Analyst is the best job that's on the market.

The only job were you can be a 100% wrong today and still claim tomorrow that you are an expert.
Don't forget the weatherman.
Time turns trend. - W.D. Gann
  • #586,792
  • Jan 22, 2012 10:15am Jan 22, 2012 10:15am
Quoting FXMindset
Fundamental/News is Good/Important but personaly am always ignored it as it will affect my trading decision

am remember the day when everyone long Eurchf pairs on 7 december 2011 when everyone,news,speculator believe that SNB will raise the floor on that day but the 15Minutes chart told me the different storied and I was short and earn 250 pips over

In this years am see a lot members put a hope with central bank intervention "Easy Money" even there are a lot people which never trade forex before Just join this crowded with hope to catch this...

You should enter a buy-stop order in the car and lower it as the price drops and wait ....
There is only one right price.... what the customer is willing to pay !
  • #586,793
  • Jan 22, 2012 10:23am Jan 22, 2012 10:23am
Quoting abinezer
Hi, Where do I go to learn the art of currency trading ...I want to become a pro.
Really? Well, gosh, golly, gumdrops, you came to the right place.
Taigen Profit This Month: na
  • #586,794
  • Jan 22, 2012 10:27am Jan 22, 2012 10:27am
Quoting ForExtraPips


Don't forget the weatherman.
Ya people getting paid for their opinions. Even though you maybe wrong show that you know what you are talking about... Think Jim Cramer
  • #586,795
  • Jan 22, 2012 10:30am Jan 22, 2012 10:30am
Quoting ingmarforex
for most traders it is impossible to eliminate uncertainty. Don't try to avoid it by looking for simple set-ups or some straight-forward, simple, always- right method. Instead, train your mind to deal with the uncertainty.
Embrace the uncertainly nothing is certain in the markets so people who say buying dips on support or selling only rallies on ressistances they dont factor in the uncertainly markets behaviours can change on every way.
The levels or whatever someone use are price points where might be sellers or buyer but on certain market behaviours...

Way too much thinking for my blood.
Taigen Profit This Month: na
  • #586,796
  • Jan 22, 2012 11:25am Jan 22, 2012 11:25am
Quoting screwup
buy limit 2590
i will change buy limit to 2540...or delete it when market open...
  • #586,797
  • Jan 22, 2012 11:41am Jan 22, 2012 11:41am
http://1.2.3.12/bmi/www.forexfactory.../whistling.gif

TABLE with ZIGZAG + PIVOT SURVEY for the EUR/USD pair:

2012-01-20_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-04 va

This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.

Ausblick:

This is what we have for Monday ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #586,798
  • Jan 22, 2012 12:01pm Jan 22, 2012 12:01pm
Anyone tracking the Asian open on XE? its now 1.2907 from the friday close of 1.2936
  • #586,799
  • Jan 22, 2012 12:05pm Jan 22, 2012 12:05pm
looks like the euro is probably going to continue its descent this week - the talks in greece broke down over the weekend. the increasing price of oil also poses a massive threat to the greek economy as they are very reliant on low oil prices.

technical indicators - 1 day chart

stochastics - 91 % - suggesting overbought levels

RSI - 52.1 (relatively high for the daily eur / usd - against suggesting that the trend may soon become bearish once again)


no real news to sustain higher price movements, but given the eur / usd's recent unpredictability - it is somewhat difficult to accurately make any predictions.
  • #586,800
  • Jan 22, 2012 12:08pm Jan 22, 2012 12:08pm
Quoting Xdir
Anyone tracking the Asian open on XE? its now 1.2907 from the friday close of 1.2936
2901 now
Don't give up
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