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  • #637,541
  • May 1, 2012 12:16pm May 1, 2012 12:16pm
Quoting cloggie
You gonna regret this.


I'm lost...took the wrong train this morning.

May as well see what's on offer while here.
  • #637,542
  • May 1, 2012 12:16pm May 1, 2012 12:16pm
Part of the problem I am seeing is many traders unfortunately don't have a good grounding in the basics. Not knowing how or why markets work and the players involved or how or why technical and fundamental analysis is used to determine value.

They instead have a hodgepodge of ideas some right some not so right. Without that grounding attempting to build a trading strategy is pointless because the house is built on sand imo. Without this they are still starting at ground zero over and over.
Do your time and enjoy the ride...
  • #637,543
  • May 1, 2012 12:18pm May 1, 2012 12:18pm
Quoting kenfen69


I'm lost...took the wrong train this morning.

May as well see what's on offer while here.

You didn't just take the wrong train, you entered an entirely new dimension, how the feck did you miss that one.
  • #637,544
  • Edited 1:26pm May 1, 2012 12:20pm | Edited 1:26pm
Edited
  • #637,545
  • May 1, 2012 12:21pm May 1, 2012 12:21pm
Feck... Got some stuff to do. Hope things settle and work out over here. Good to see some of ya!
Do your time and enjoy the ride...
  • #637,546
  • May 1, 2012 12:21pm May 1, 2012 12:21pm
Quoting cloggie
Now to really put a damper on the whole thing, yes it does take years and there is a level of "gut-feelling" involved that really can't be taught or learned, it needs to be "discovered", one day, the light bulb will go of and all of this shit will make sense and come naturally.

I can happily trade while chatting here, being on the phone, listen to music or watch the Telly. That level of comfort in my trading took a long time to achieve though.
Cool
Today i shorted on that m5 triangle on top, that was a very good place to short, but had a tight stop (1.3280 sl) and damn news release took my SL.
If it wasn't news price would respected 1.3277 resistance.
  • #637,547
  • May 1, 2012 12:25pm May 1, 2012 12:25pm
Quoting cloggie
You didn't just take the wrong train, you entered an entirely new dimension, how the feck did you miss that one.


By the time I realized...it was far, far too late!

Fair play to you for trying, mate. Must be the wooden shoes that helps you kick shite.
  • #637,548
  • May 1, 2012 12:26pm May 1, 2012 12:26pm
Quoting Good Fortune
Feck... Got some stuff to do. Hope things settle and work out over here. Good to see some of ya!
Stay well, mate!
  • #637,549
  • Edited 12:38pm May 1, 2012 12:28pm | Edited 12:38pm
Quoting cloggie
How many traders at GS/DB/UBS/BC use that indy????



Just saying......
I only use it as base lines for highs and lows.By itself its only value is drawing SR levels.Helping me see better.
I am including a chart showing it.
Attached Image (click to enlarge)
Click to Enlarge Name: cable2.gif Size: 16 KB
In trading, you have to be defensive and aggressive at the same time
  • #637,550
  • May 1, 2012 12:29pm May 1, 2012 12:29pm
Quoting kenfen69
1.3214 is your Pivot...and you have no numbers below it? I'm confoooosed.

Also... you've given seven figures within a 12pip range. Reallly confoooosed!

What happens if your 12pip range is printed with an M1 candle? I don't understand your method at all. Maybe a chart with an explanation may help? Or a link to where you explain it.

In response to your question directly, I assume you want to hear...its going up.
Hi Ken,
This is based on what's happend within the last couple of hours, thats why I can only give 6- 7 levels @ a time.When I said the last pivot was 09 and the last one this time was 14, what I'm actually implying is the range is being squeezed for a breakout. What I said in my earlier posting is with such a tight range over the last hour, I would'nt even have been interested until price breaks 09 or 26. Hope that makes sense
  • #637,551
  • May 1, 2012 12:32pm May 1, 2012 12:32pm
Quoting Itrade24h
Do you live in spain rattyo¿
No ...

But who the hell wants to know ?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #637,552
  • May 1, 2012 12:32pm May 1, 2012 12:32pm
Quoting cloggie
My posts have still survived the ministry of Truth...


Hmmmmm.......
Oh well, that wouldn't leave pararnoia as the only possible explanation then, would it
  • #637,553
  • May 1, 2012 12:34pm May 1, 2012 12:34pm
Quoting hardpippin
Hi Ken,
This is based on what's happend within the last couple of hours, thats why I can only give 6- 7 levels @ a time.When I said the last pivot was 09 and the last one this time was 14, what I'm actually implying is the range is being squeezed for a breakout. What I said in my earlier posting is with such a tight range over the last hour, I would'nt even have been interested until price breaks 09 or 26. Hope that makes sense
Hi...thanks for the response, but...

How can you not have levels below your pivot...it just isn't making any sense to me. If you're giving a series of seven figures, to me, the only figure that could be described as a pivot, would be the fourth one, with three above and below.
  • #637,554
  • May 1, 2012 12:37pm May 1, 2012 12:37pm
My View
Attached Image (click to enlarge)
Click to Enlarge Name: eu d1 1-5.png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #637,555
  • May 1, 2012 12:38pm May 1, 2012 12:38pm
You got it ken..Three above Three below, based on a 1hr chart!
  • #637,556
  • May 1, 2012 12:40pm May 1, 2012 12:40pm
Quoting kenfen69
Hi...thanks for the response, but...

How can you not have levels below your pivot...it just isn't making any sense to me. If you're giving a series of seven figures, to me, the only figure that could be described as a pivot, would be the fourth one, with three above and below.
Ken me mad dog with you.
rat
  • #637,557
  • May 1, 2012 12:43pm May 1, 2012 12:43pm
Quoting rattyo
Ken me mad dog with you.
dam it ken give her some love
  • #637,558
  • May 1, 2012 12:43pm May 1, 2012 12:43pm
Quoting Bones
My View
your chart is confusing.Are you anticipating move up or down.
Besides explain why past chart formation is relevant to present as you see it.
It seems lot of people draw trend lines but those TL can be interpreted lot of subjective ways.
In trading, you have to be defensive and aggressive at the same time
  • #637,559
  • May 1, 2012 12:43pm May 1, 2012 12:43pm
Quoting hardpippin
You got it ken..Three above Three below, based on a 1hr chart!
But so how can you say the previous period had a pivot of 09...and this one is 14...when 14 is the lowest of your seven figures? How can 14 be the pivot, when all six other figures are above it?
  • #637,560
  • May 1, 2012 12:45pm May 1, 2012 12:45pm
anybody there remember yesterday when i said 3275 is a MAXX sell LEVEL and 3168 and 3183 are MAXXX buy levels?? LOOK @ that?? SUPREME..
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