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  • #4,841
  • Apr 4, 2012 7:50am Apr 4, 2012 7:50am
Quoting N_Trader
Hi Dongsky,

If you don't mind, can I clarify on the above, please?

By majors and crosses, are you referring to the 3kgds? I used to look at that too.. when there's correlation, all is good. i.e. move tends to be stronger and longer.

However, I observed that there are also instances when the correlations doesn't exist and EU can still act on it's own due to whatever reasons.

I understand that there are no holy grails, but if i'm dancing the 5M EU, will it be better to just focus and flow with the moves?

I'm a bit confused here ......
when 3K is insync... that is if euro & cable UP and YEN is down... this indicates a very strong trend... but when not... then you have to be nimble...

it's always handy for me having euro crosses on my sight... euro/gbp, euro/yen & gbp/yen... when you're familiar with each pair's behaviour then it will be your edge...

i always dance at 5min, but when i catch a very strong trend... i normaly close 5 and turn my 15 min window...

sometimes when troops in deep water... have to check higher time frame to see some strong levels to calculate average... exit and profit target... remember, rescue must be done swiftly and quickly... and most importantly... rescue objective is to bring back troops alive... wounded is okay... but not dead... if make profit... then a bonus.

stick to one pair... and dance into 5 minutes... familiarise yourself with 3K and it's uses... one day... you will get you 'aha' moment

regards & good trading.
Success consists of going from failure to failure without loss of enthusiam
  • #4,842
  • Apr 4, 2012 8:07am Apr 4, 2012 8:07am
Quoting dongsky
when 3K is insync... that is if euro & cable UP and YEN is down... this indicates a very strong trend... but when not... then you have to be nimble...

it's always handy for me having euro crosses on my sight... euro/gbp, euro/yen & gbp/yen... when you're familiar with each pair's behaviour then it will be your edge...

i always dance at 5min, but when i catch a very strong trend... i normaly close 5 and turn my 15 min window...

sometimes when troops in deep water... have to check higher time frame to see some strong levels to calculate average......
Thanks a million, Dongsky

I get it now. Loud and clear.

Good trading to you too

regards
  • #4,843
  • Apr 4, 2012 8:13am Apr 4, 2012 8:13am
Quoting kimt
some rejection of the lows....establishing base here..? retest of lows then possibly to 30-35 area
sorry didn't see your post...

one thing i want to say... when in down trend... never think up... and in up trend... never think down... this is the common mistake of many... purely predicting... pulse her and follow her lead... go with the flow...

no need to say more because you already know what happened next

you should see my soldiers killing enemies mercilessly... even retreating... they whack them like not tomorrow

now, i'm squared...

regards,
Success consists of going from failure to failure without loss of enthusiam
  • #4,844
  • Apr 4, 2012 8:15am Apr 4, 2012 8:15am
Quoting Arhs99
*No advice intended below, only my quick thought:
It looks like there is defending of the 3300 level but if there is still selling pressure (as it looks) there is maybe going to be some fireworks due to possible stop orders below 3300.
you got a point there you know
Success consists of going from failure to failure without loss of enthusiam
  • #4,845
  • Apr 5, 2012 4:49am Apr 5, 2012 4:49am
Quoting dongsky
sorry didn't see your post...

one thing i want to say... when in down trend... never think up... and in up trend... never think down... this is the common mistake of many... purely predicting... pulse her and follow her lead... go with the flow...

no need to say more because you already know what happened next

you should see my soldiers killing enemies mercilessly... even retreating... they whack them like not tomorrow

now, i'm squared...

regards,
one thing i want to say... when in down trend... never think up... and in up trend... never think down... this is the common mistake of many... purely predicting...

'Cause if you do, without evidence that the trend has changed, you'll be enticed to go long by those counter trend moves and likely get squeezed if you're not nimble enough to turn your mind around, and place the trade in time.

Good advice Dongsky. Really good advice!!!

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #4,846
  • Apr 5, 2012 6:26am Apr 5, 2012 6:26am
Quoting FX4Newbies
one thing i want to say... when in down trend... never think up... and in up trend... never think down... this is the common mistake of many... purely predicting...

'Cause if you do, without evidence that the trend has changed, you'll be enticed to go long by those counter trend moves and likely get squeezed if you're not nimble enough to turn your mind around, and place the trade in time.

Good advice Dongsky. Really good advice!!!

FX4
I don't think Dongsky is advocating rigidity. In a down trend we can think of short, think of squaring our positions or think of sidelining until we see a clearer picture. He is just saying that we should not think of long because it is dangerous in a down trend.
  • #4,847
  • Apr 5, 2012 6:47am Apr 5, 2012 6:47am
Quoting kinky
I don't think Dongsky is advocating rigidity. In a down trend we can think of short, think of squaring our positions or think of sidelining until we see a clearer picture. He is just saying that we should not think of long because it is dangerous in a down trend.
I need to read properly.
  • #4,848
  • Apr 5, 2012 6:50am Apr 5, 2012 6:50am
Quoting kinky
I don't think Dongsky is advocating rigidity. In a down trend we can think of short, think of squaring our positions or think of sidelining until we see a clearer picture. He is just saying that we should not think of long because it is dangerous in a down trend.
you should try so sell on a down trend... even you mis-timed your entry... but when price go back to it's original course after minor consolidation or correction... you will be in positive pips in no time...

and if your nimble... scaling in and out is just like walking in the park

i'm still shorting euro... big time...


squared at the moment... dinner time... a bit late!
Success consists of going from failure to failure without loss of enthusiam
  • #4,849
  • Edited 6:35pm Apr 5, 2012 7:52am | Edited 6:35pm
Quoting kinky
I don't think Dongsky is advocating rigidity. In a down trend we can think of short, think of squaring our positions or think of sidelining until we see a clearer picture. He is just saying that we should not think of long because it is dangerous in a down trend.
Hi Kinky,

The "never" in bold is to alert traders to the importance of not thinking that way, even for a hot minute. That's all...was not implying that he was being rigid: far from it. I was actually very much in agreement with his statement.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #4,850
  • Apr 5, 2012 8:25am Apr 5, 2012 8:25am
back into action...

Attached Image (click to enlarge)
Click to Enlarge Name: 05 04.jpg Size: 89 KB
Success consists of going from failure to failure without loss of enthusiam
  • #4,851
  • Apr 5, 2012 8:51am Apr 5, 2012 8:51am
massive liquidation
Success consists of going from failure to failure without loss of enthusiam
  • #4,852
  • Apr 5, 2012 9:45am Apr 5, 2012 9:45am
Quoting FX4Newbies
Hi Kinky,

The "never" in bold is to alert traders to the importance of not thinking that way. That's all...was not implying that he was being rigid: far from it.

FX4
I read your post wrongly. sorry
  • #4,853
  • Apr 5, 2012 9:46am Apr 5, 2012 9:46am
Quoting dongsky
massive liquidation
What do you mean by "massive liquidation"?
  • #4,854
  • Apr 5, 2012 7:38pm Apr 5, 2012 7:38pm
Quoting kinky
What do you mean by "massive liquidation"?
i'm not a prof. so i can be wrong...but it's just my experience and observation... in a strong trend there will always be a strong consolidation or correction due to people who liquadates thier position... mostly on a near ending session times...

again just me... don't take it seriously...


and not to forget the dealers strategy of keeping traders trapped! just like last night... on a heavy down trend... a strong correction follow... and no more action... range bound for small pips move... and there you go... how many short traders were trapped... including me but well that's life... always need to be nimble and trust your judgement... all the time!
Success consists of going from failure to failure without loss of enthusiam
  • #4,855
  • Apr 5, 2012 10:54pm Apr 5, 2012 10:54pm
Quoting dongsky
i'm not a prof. so i can be wrong...but it's just my experience and observation... in a strong trend there will always be a strong consolidation or correction due to people who liquadates thier position... mostly on a near ending session times...

again just me... don't take it seriously...


and not to forget the dealers strategy of keeping traders trapped! just like last night... on a heavy down trend... a strong correction follow... and no more action... range bound for small pips move... and there you go... how many short traders were...
Tks Dongsky, appreciate how you always try to explain.

Happy easter!

Are you still in the market?
  • #4,856
  • Apr 6, 2012 7:42am Apr 6, 2012 7:42am
Quoting kinky
Tks Dongsky, appreciate how you always try to explain.

Happy easter!

Are you still in the market?
no more trading for me... i'll be back after easter... for now... i'm counting bunnys
Success consists of going from failure to failure without loss of enthusiam
  • #4,857
  • Apr 6, 2012 7:49am Apr 6, 2012 7:49am
I was out today to look for easter bunnies, but look what i have found instead....

http://i.cdn.cnngo.com/sites/default...th-bunnies.jpg

HAPPY EASTER EVERYONE!!!

Success consists of going from failure to failure without loss of enthusiam
  • #4,858
  • Apr 6, 2012 9:09am Apr 6, 2012 9:09am
Quoting dongsky
we have 'blackout'... just after deployed attack...

Attachment


what a missed opportunity for more attacks...


Attachment
apologize
if my question was not pleased
whether the first open sell position against impulse?
thanks for the explanation

regards
suma
  • #4,859
  • Apr 6, 2012 9:23am Apr 6, 2012 9:23am
[quote=sumakianlee;5549221]
Quoting dongsky

apologize
if my question was not pleased
whether the first open sell position against impulse?
thanks for the explanation

regards
suma

sorry this is wrong quote
i don't know how to explain it to you... except just to feel and pulse the market... very seldom i can get a perfect entry... that is why we always use a scout to feel...

... watching price action into 4 dimensions and cross reference... and 3kings... should be able to help you feel her...

... and the rest is managing exposures...

impulse??? what do you mean by that...

if there is no reason for you to enter... then better be still and flat or squared...

if there is no more reason for you to stay... better liquidate positions...

but no impulsive thoughts...

it's just me...
Success consists of going from failure to failure without loss of enthusiam
  • #4,860
  • Apr 6, 2012 9:26am Apr 6, 2012 9:26am
Quoting sumakianlee
apologize
if my question was not pleased
whether the first open sell position against impulse?
thanks for the explanation

regards
suma

if you are watching price action that moment... you will see so much rejection happening on different time frames.... and when bears starts running... i just follow the lead...
Success consists of going from failure to failure without loss of enthusiam
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