EURUSD | Page 31778 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #635,541
  • Apr 27, 2012 9:13pm Apr 27, 2012 9:13pm
Quoting 853efx
the past won't predict the future - that's why backtesting is totally worthless, b smart and try to addapt as quickly as possible - watch PA and decide about further actions on the fly - it's all about quick and very final decisions
The past does have some bearing on the future. By looking at past support resistance levels, you can get an idea of where supply levels may be. In addition, trend lines can sometimes give you an idea of temp reversals.
All that is left in FF is just plain garbage. "Cloggie"
  • #635,542
  • Apr 27, 2012 9:16pm Apr 27, 2012 9:16pm
Quoting tonyo524
The past does have some bearing on the future. By looking at past support resistance levels, you can get an idea of where supply levels may be. In addition, trend lines can sometimes give you an idea of temp reversals.
ofc - that's not what i meant - i was thinking about PA in general - patterns maybe reliable but maybe not
  • #635,543
  • Apr 27, 2012 9:17pm Apr 27, 2012 9:17pm
Quoting 853efx
the past won't predict the future - that's why backtesting is totally worthless, b smart and try to addapt as quickly as possible - watch PA and decide about further actions on the fly - it's all about quick and very final decisions
Forgot to mention. Looking at past events on a chart, One can actually tell sentiment of the market on that previous day just by looking at the candles. You can easily identify an NFP day, or a FOMC day by lokking at charts 8 times out of 10. Charts represent market sentiment in the form of candles. Recognizing the the pattern of market sentiment on a chart, reading the news for that time period, and comparing with news for the current time period can help give an idea of what sentiment may become.
All that is left in FF is just plain garbage. "Cloggie"
  • #635,544
  • Apr 27, 2012 9:20pm Apr 27, 2012 9:20pm
Quoting tonyo524
Forgot to mention. Looking at past events on a chart, One can actually tell sentiment of the market on that previous day just by looking at the candles. You can easily identify an NFP day, or a FOMC day by lokking at charts 8 times out of 10. Charts represent market sentiment in the form of candles. Recognizing the the pattern of market sentiment on a chart, reading the news for that time period, and comparing with news for the current time period can help give an idea of what sentiment may become.
r u profitable?
  • #635,545
  • Apr 27, 2012 9:21pm Apr 27, 2012 9:21pm
Quoting 853efx
r u profitable?
Yes! quarterly posted somewhere on this damn board.
All that is left in FF is just plain garbage. "Cloggie"
  • #635,546
  • Apr 27, 2012 9:22pm Apr 27, 2012 9:22pm
Quoting tonyo524
Yes! quarterly posted somewhere on this damn board.
since when, if i may ask?
  • #635,547
  • Apr 27, 2012 9:24pm Apr 27, 2012 9:24pm
Quoting 853efx
wait for a consolidation first - look where price could go next - short below, long above, depending on PA - keep a healthy MM and don't get greedy - a small account takes years to grow - a big account takes days to shrink
This is good advice bro, but earlier advice is not correct, is recipe for disarster.
The minute pa show on your screen, is has already happen, it is in fact history, ignore past pa at your own peril, in reality it is the only thing that is factual everything right of pa is future, crystal ball shite, they key is digesting and understanding past / historical pa to try comprehend where she may go, trading on the fly is gamble and risky, sorry to be so blunt bro
If you are new to Forex? Say Goodbye to your account!!
  • #635,548
  • Apr 27, 2012 9:25pm Apr 27, 2012 9:25pm
Quoting torex
Do you know what i am thinking about? Learning drives to be more able to develop better analyses, better entry points...but this learning process doesn't it make you harder to admit that you are wrong?... it is a question from my rookie point of view, anyway
Trading is not about right and wrong. You never know what the market is going to do so forget about being right or wrong.
It is about taking trades with a high probability of positive pips.
You are never wrong unless you break YOUR rules. You make the rules, you hold yourself to them.
You do in trading what you do in life. If you are having issues with a partner, that will impact your trading, if you are having issues with a job, that will impact your trading. You need to deal with this stuff and put it aside while you trade.

The only advice I will offer about finding good trades is to say that the market moves on decisions made by other traders - you need to discover how other traders make their decisions (not the small traders on this thread but the BIG players) and follow them.
Indicators will only tell you what has happened. They are useful but they do not move the market.
Cheers, Harry The hardest way to make easy money.
  • #635,549
  • Apr 27, 2012 9:29pm Apr 27, 2012 9:29pm
Quoting KiwiTrada
This is good advice bro, but earlier advice is not correct, is recipe for disarster.
The minute pa show on your screen, is has already happen, it is in fact history, ignore past pa at your own peril, in reality it is the only thing that is factual everything right of pa is future, crystal ball shite, they key is digesting and understanding past / historical pa to try comprehend where she may go, trading on the fly is gamble and risky, sorry to be so blunt bro
the PA shown on my screen is live and i can take a position at any given quote - switzerland rules, baby!
  • #635,550
  • Apr 27, 2012 9:31pm Apr 27, 2012 9:31pm
Quoting tonyo524
Been profitable since 2009, took 3 years to get consistent. drawdowns tend to bore me out of my mind, but I'm eating well, living how I want, and driving what I want. Kids are set with college, and wife is happy!

I decided every quarter I'll put my unedited statement up minus account number of course. Just so the doubters, haters, and those that are looking to make a living at this will know. Yes, it can be done.
3 years is actually quite good - congrats!
  • #635,551
  • Apr 27, 2012 9:32pm Apr 27, 2012 9:32pm
Quoting 853efx
3 years is actually quite good - congrats!
Thanks. I'm back on the sidelines.
All that is left in FF is just plain garbage. "Cloggie"
  • #635,552
  • Apr 27, 2012 9:36pm Apr 27, 2012 9:36pm
i'm off too - was an intensive trading session on friday, needed some cool down, lol
  • #635,553
  • Apr 27, 2012 9:41pm Apr 27, 2012 9:41pm
Good night guys...i am off, to, as for me is almost 6 a.m.
  • #635,554
  • Apr 27, 2012 10:04pm Apr 27, 2012 10:04pm
Hey anyone thinking a descending triangle formation here? Check out the daily TFC
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.PNG Size: 43 KB
All posts are my personal opinion
  • #635,555
  • Apr 27, 2012 10:34pm Apr 27, 2012 10:34pm
Quoting Rtm
Hey anyone thinking a descending triangle formation here? Check out the daily TFC
This is how I analyze your chart.

The green circles represent high demand area, as soon as pa goes near this area, buying pushes it up.

The green triangles are the areas where pa stays comparatively longer, showing there is some selling but not as strong as the buying at green circles.

Kindly remember, that was past, future can be different.
Attached Image (click to enlarge)
Click to Enlarge Name: 185.jpg Size: 100 KB
The Thief of Wall Street
  • #635,556
  • Apr 27, 2012 10:57pm Apr 27, 2012 10:57pm
Quoting Chicky
This is how I analyze your chart.

The green circles represent high demand area, as soon as pa goes near this area, buying pushes it up.

The green triangles are the areas where pa stays comparatively longer, showing there is some selling but not as strong as the buying at green circles.

Kindly remember, that was past, future can be different.
miss you chicky
If there was easy money lying around,no one would be forcing it into your
  • #635,557
  • Apr 27, 2012 11:45pm Apr 27, 2012 11:45pm
Quoting torex
today...gbpusd blew my account....i am ashame od myself....i know....i am a lousy trader....i am a MUPPET, as Cloggie says all the time, no MM, i do not deserve to be in this business, ........ it is my 4th accpunt...hopefully not a big one....but i thrive to learn, all it is possible..
i am drunk now....but i sure hope that sometimes i will become a real trader..


I AM A MUPPET, AND I AM PROUD TO BE CLOGGIE' DISCLIPES....NO MATTER IF HE WANTS IT OR NOT
lol, i still have my trade floating on gpbusd... will close at best -60... but blow your account? sorry about that
When life gives you lemons, make lemonade
  • #635,558
  • Apr 27, 2012 11:47pm Apr 27, 2012 11:47pm
Quoting jayjb
Hmm, how about olympic games? Surely we have to use GBP instead of rubies right?
olympic games? its bank intervention
When life gives you lemons, make lemonade
  • #635,559
  • Apr 27, 2012 11:47pm Apr 27, 2012 11:47pm
Quoting Chicky
This is how I analyze your chart.

The green circles represent high demand area, as soon as pa goes near this area, buying pushes it up.

The green triangles are the areas where pa stays comparatively longer, showing there is some selling but not as strong as the buying at green circles.

Kindly remember, that was past, future can be different.
very good point
Mohan
  • #635,560
  • Apr 28, 2012 12:16am Apr 28, 2012 12:16am
Quoting mohan76
we have few dutch words in our language

kantōr (kantoor ) , Thapal(Tapal), kakkūs (kakhuis)...............
Tapal is not a Dutch word as far as I know.
What is your language?
New voice message: Why are you calling me? If I need you, I'll call you!
177 traders viewing now, 1 is registered:
stealyerface