heres how my forecast went on the fib bars ..
daily stochs over 2 weeks period still sorta in the median not OS yet.
daily stochs over 2 weeks period still sorta in the median not OS yet.
Have I got something on my face, SOLDIER?
- #11,302
- Feb 15, 2012 9:38am Feb 15, 2012 9:38am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
I am better described as position trader.
but most of trades close within a week or so . very few stays more than a month .
TOP SECRET : ONLY CERTIFIED PERSONELL INFO
looks double bottomish in hourly. stoch over one day (24 hours) OS. im itching to exit or not exit.. hmph.
Have I got something on my face, SOLDIER?
- #11,303
- Feb 15, 2012 9:38am Feb 15, 2012 9:38am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
thanks man
I am naked trader I take the charts panties off !!
here is another position in AUDUSD I forgot about , but I didn't post the entry here on the thread.
- #11,304
- Feb 15, 2012 9:40am Feb 15, 2012 9:40am
Be carefull of going short in the 3060-3100 zone.
There are mixed sentiments, and the possibility of strong upward action remains there.
- #11,305
- Feb 15, 2012 9:41am Feb 15, 2012 9:41am
- | Joined Mar 2009 | Status: Trader | 2,247 Posts
of what style?
TOP SECRET : ONLY CERTIFIED PERSONELL INFO
looks double bottomish in hourly. stoch over one day (24 hours) OS. im itching to exit or not exit.. hmph.
I have my own look
I told my brother tarantula of one extreemly stupid but effective way to look at the trend
which while we were talking I called 3320 the top of the up move
he knows what I mean
I SEE YOU !!
- #11,306
- Feb 15, 2012 9:43am Feb 15, 2012 9:43am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Be carefull of going short in the 3060-3100 zone.
Most short setups are not very safe, thats all I wanted to get across.
- #11,307
- Feb 15, 2012 9:47am Feb 15, 2012 9:47am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
I don't even know why we're discussing this. It has to go lower so why not short? I've been told by a highly credible source that we will drop to 3046-3053 and find buyers. How credible? 99% accurate! That's odds to bet the farm on! Retirement? Here I come...
3030 on my chart , Well ....let's time tell us soon
- #11,308
- Feb 15, 2012 9:48am Feb 15, 2012 9:48am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
not really
I have my own look
I told my brother tarantula of one extreemly stupid but effective way to look at the trend
which while we were talking I called 3320 the top of the up move
he knows what I mean
evil you . i did too but i suck 3298 entry ... and that got trailed out so i had thsi one instead. at 3256.
my hands are itchy. ive never held a trade over 4 days.
this breaks the record if i hold over today.
whats ur tip on a long term sort of mindset.?because i honestly am itchy on the mouse. not so much but a tad itchy..
Have I got something on my face, SOLDIER?
- #11,309
- Feb 15, 2012 9:49am Feb 15, 2012 9:49am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
I could b wrong but ur post take my attention while all the day try to find out where it go down
3030 on my chart , Well ....let's time tell us soon
- #11,310
- Feb 15, 2012 9:56am Feb 15, 2012 9:56am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
hahah, i think he is kidding...referring to Prashants post...
Any way soon we will know
- #11,311
- Feb 15, 2012 9:59am Feb 15, 2012 9:59am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #11,313
- Feb 15, 2012 10:10am Feb 15, 2012 10:10am
- | Joined Mar 2009 | Status: Trader | 2,247 Posts
heheehe
i did too but i suck 3298 entry ... and that got trailed out so i had thsi one instead. at 3256.
my hands are itchy. ive never held a trade over 4 days.
this breaks the record if i hold over today.
whats ur tip on a long term sort of mindset.?because i honestly am itchy on the mouse. not so much but a tad itchy..
over leverage is what makes you itchy and big profit targets .
5%-10% monthly are verrrry good !
compared to what I get 1.5% yearly in the bank !!
I don't over leverage .
next is analyze from top to bottom .
always look at the bigger picture .
and look for 100+ till 500+ or more pips trades .
then you will sleep tight . and if it went against you you tip the market 1% of your cash or even less . and when goes with you you get 2% or more .
so this eliminates the fear factor and also the greed .
last is treat the market as enemy always think as if its controlled with one person " which its almost is ".
put your self in the market maker shoe and know that its a zero sum game , you win he loses you lose he wins !
for example :
media fanatics and news guys watching greece vote .
greece votes yes !
EUR opens higher
some cnbc technical analyst idiot comes with stupid smile on his face saying " its very expected and I am currently long the market and expect the up move to continue 2 days at least "
what information I get is the following :
the idiots are longing and the crowd is longing and if I was the Market maker I have to bring it down !!
not only below yesterdays low ! but even lower than the sideway which took place for one week before breaking up !!!
to make sure that all those pathetic losers get stopped out on every single level till they totally give up with final break of 3020 !!!
now where would I expect it to stop for breath ?
when all lost and voices start to scream short it !!!
I will be that time closing my short and thinking long !!
I SEE YOU !!
- #11,314
- Feb 15, 2012 10:13am Feb 15, 2012 10:13am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
over leverage is what makes you itchy and big profit targets .
5%-10% monthly are verrrry good !
compared to what I get 1.5% yearly in the bank !!
I don't over leverage .
next is analyze from top to bottom .
always look at the bigger picture .
and look for 100+ till 500+ or more pips trades .
then you will sleep tight . and if it went against you you tip the market 1% of your cash or even less . and when goes with you you get 2% or more .
so this eliminates the fear factor and also the greed .
last is treat the market as enemy always think...
. greed can turn to fear and both ways around.. thats how it works. and i try to keep them at bay far away from where i trade. i thihk im just new toholding a longer term trader thats all . all i need is to stay calmer and chill.as for the greece news i love extreme sentiments. when things are too bullish that IS my call to look for short..
as so is when things look too pessimistic i go for longs.
glad to know that u also look at it similar fashion Db
thats how the markets work.
it aint efficient. we gotta treat it as an inneficient market.
and manipulate it of course.
btw looking forward to learn more from you Db. interesting stuff youre sharing (not to mention the trades themselves>)
thanks so much mate!
great people here helping one another
Have I got something on my face, SOLDIER?
- #11,316
- Feb 15, 2012 10:22am Feb 15, 2012 10:22am
- | Joined Mar 2009 | Status: Trader | 2,247 Posts
hey i only leverage 1:5 MAX. im a chicken compared to what people do nowadays with 1:100s... etc. great tips btw ...
as for the greece news i love extreme sentiments. when things are too bullish that IS my call to look for short..
as so is when things look too pessimistic i go for longs.
glad to know that...
every 10000 USD maximum is 1 US per pip in my book of trading .
more than that is over leverage to me
any how I am glad to help out brother
I SEE YOU !!
- #11,317
- Feb 15, 2012 10:23am Feb 15, 2012 10:23am
- Joined Aug 2010 | Status: A M S | 1,019 Posts
finding A M S
- #11,318
- Feb 15, 2012 10:33am Feb 15, 2012 10:33am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?