Im not taking this trade ( made my goal today and its late Friday) but for a normal day 3155 would be the place to go again long..
- #11,504
- Feb 17, 2012 9:41am Feb 17, 2012 9:41am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Im not taking this trade ( made my goal today and its late Friday) but for a normal day 3155 would be the place to go again long..
Agree i just watch and analysis PA behavior on some points
- #11,506
- Feb 17, 2012 9:45am Feb 17, 2012 9:45am
- | Joined Dec 2010 | Status: Trader | 2,426 Posts
to the pip
Even 1.314 I reckon
- #11,508
- Feb 17, 2012 9:48am Feb 17, 2012 9:48am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
to the pip
- #11,509
- Feb 17, 2012 9:49am Feb 17, 2012 9:49am
- Joined Dec 2009 | Status: Trader | 2,319 Posts
No, I dont use it that much after I got into the median line analysis and circles, but was reading your posts last night from the very beginning of this thread and noticed that you use the 20/60, 80/40 concept, which I totally agree with, so thats really why I posted this stuff.
After a while of using these channels sometimes I used to get some mixed signals, so from time to time I use it when I believe the trend is strong.
If the trend is weak I wont use them.
Now a days I only use them about 5-10% of the time.
Its applying median line analysis to RSI. You can draw circles on them too if you cut and paste into photoshop
After a while of using these channels sometimes I used to get some mixed signals, so from time to time I use it when I believe the trend is strong.
If the trend is weak I wont use them.
Now a days I only use them about 5-10% of the time.
Its applying median line analysis to RSI. You can draw circles on them too if you cut and paste into photoshop
RSI channels. Thats a good thing. Didnt see u have used it before, have you?
- #11,512
- Feb 17, 2012 10:07am Feb 17, 2012 10:07am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Ok guys, thats it from me for this week.
Enjoy ur weekends and see you soon.
Clear profit taking as u saying.
Zone i will B watch >> 3075 - 3175
Happy weekend to All
- #11,513
- Feb 17, 2012 10:47pm Feb 17, 2012 10:47pm
- Joined Aug 2010 | Status: A M S | 1,019 Posts
ME 2
Clear profit taking as u saying.
Zone i will B watch >> 3075 - 3175
Happy weekend to All
Sorry guys '''''''''''''''''
I screwed up myself big time
Lost around $3000 this week and i am really upset and giving myself a break from trading for few days . the PA did go north from that 1.305 levels but was capped at 1.3099 and came back to hit 1.3 so i closed my terminal and accepted that i was wrong on calculations and what i was afraid of was euro turning north from 50% fib of full move north and same thing happened .
atleast i would feel left out if it would have reached around 1.29 and got back either . yes after all i messed up with the market and got results for over leveraging also ?
I just don't know how to explain further '
I will try and stick on to basics again and learn to keep in mind that market is always smarter than any individual
finding A M S
- #11,515
- Feb 18, 2012 5:04am Feb 18, 2012 5:04am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
My dear friend ,
We are sorry to hear about your loss, I sent you a Pm Please take the time to read it.
You will make this money back just slowly but surely should be your model....
I dont want to discuss MM and Pysc etc as there are plenty of threads to to do this..Here if you keep it simple you will be rewarded
Dont worry on FF we are not here to judge or build our ego.
The reason we moderate the thread is too help traders understand the true reasoning behind the trade.
From now on :
A) Chart
B) Logic
C) Entry ,Stop loss and target in some...
I been through the same thing , Concentration and take you time
Just believe in yourself.
Technical view as i see it on my 15 min Chart hope it Clear and can help
1-"White line my trend , PA above it then direction Up"
2- My 5 min closed on change in direction to down
3- Looking forward to my Sunday candle close.
Fundamental Look
EU officials seem to be very determined to finalize the agreement on the second Greek bailout at the upcoming Eurozone finance ministers meeting scheduled for Monday. Germany is not pushing for a delay of the payment anymore and throughout Friday conference calls were held between various EU officials in order to discuss the details of the deal.
Enjoy your weekend
Cya
- #11,517
- Feb 18, 2012 7:43am Feb 18, 2012 7:43am
- | Joined Sep 2009 | Status: Trader | 1,425 Posts
Well Said bro
I been through the same thing , Concentration and take you time
Just believe in yourself.
Technical view as i see it on my 15 min Chart hope it Clear and can help
1-"White line my trend , PA above it then direction Up"
2- My 5 min closed on change in direction to down
3- Looking forward to my Sunday candle close.
Attachment
Fundamental Look
EU officials seem to be very determined to finalize the agreement on the second Greek bailout at the upcoming Eurozone finance ministers meeting scheduled for Monday....
10 pip range bar also closed under ema 50
Happy weekend all
- #11,518
- Feb 20, 2012 2:04am Feb 20, 2012 2:04am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Sorry guys '''''''''''''''''
I screwed up myself big time
I just don't know how to explain further '
I will try and stick on to basics again and learn to keep in mind that market is always smarter than any individual
im sorry to hear that. Losses happen from time to time. The point is controlling the losses. 3000 may be big and it doesnt have to be that big. When it sums up in % that is when things are clearer.
Evreything can be work out. Dont let the loss take control over you. Take a small break ( today is USA banks holiday) and dont stop trading.