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  • #652,021
  • Jun 5, 2012 8:54am Jun 5, 2012 8:54am
Quoting Crassius
Some times its better to wait for the next good opportunity to short, rather than to try to call every turn up AND down....
My strat doesn't involve any directional bias. I just follow where the markets want to go.
  • #652,022
  • Jun 5, 2012 8:56am Jun 5, 2012 8:56am
short from 465, tight sl
  • #652,023
  • Jun 5, 2012 9:00am Jun 5, 2012 9:00am
Quoting shmandi
short from 465, tight sl
I like it.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #652,024
  • Jun 5, 2012 9:01am Jun 5, 2012 9:01am
Quoting Crassius
Did you figure in the spread?
the spread always change, right now 3.0
  • #652,025
  • Jun 5, 2012 9:03am Jun 5, 2012 9:03am
Long 2461, tp 2520, no sl
  • #652,026
  • Jun 5, 2012 9:05am Jun 5, 2012 9:05am
time to go down
"Nothing is so useful to man, as the resolution without hurry". Henry Ford
  • #652,027
  • Jun 5, 2012 9:06am Jun 5, 2012 9:06am
Cashed out at 67.

Now, wait again.
  • #652,028
  • Jun 5, 2012 9:06am Jun 5, 2012 9:06am
Quoting doggette
Long 2461, tp 2520, no sl

Uhm I don't like it...
  • #652,029
  • Jun 5, 2012 9:08am Jun 5, 2012 9:08am
Quoting Esssex
My strat doesn't involve any directional bias. I just follow where the markets want to go.
Normally I would agree with you.... "Only trade in the direction of the trend" is useless shit people read in books....

My thinking is, if you know for sure exactly which way is the "trend", why don't you just have a trade at the start and the end of where ever you exactly know where the direction of the trend? That is crap written by people who write about trading for a living.... not trade for a living.

All profitable systems I have designed will about break even when... in retrospect... the trades were against the trend, and make its profit when the trades... in retrospect where with the trend. So, not knowing the direction of the trend, I take ALL TRADES

Since I can only tell the trend for sure after the fact....

However... rarely... like now.... conditions are so overwhelmingly favoring the downside that I will stand aside on my "counter-trend" trades....

I think the Euro is so fundamentally flawed at the moment, that every news story is much more likely to move the market down, not up..... that I am ignoring any long signals...

So yeah... I get the non directional bias bit...

BUT SOMETIMES.....
  • #652,030
  • Jun 5, 2012 9:09am Jun 5, 2012 9:09am
Quoting nech0701
the spread always change, right now 3.0

Are you charting the ask or the bid?
  • #652,031
  • Jun 5, 2012 9:09am Jun 5, 2012 9:09am
Quoting nicogaglia
Uhm I don't like it...
Given that it reached well over it's daily range, I reckon we found the bottom for today. I'm giving it up to 2 days to reach the target.

Hourly close above 2452, as well as a second bullish candle on H4 tells me that we're going up for now
  • #652,032
  • Jun 5, 2012 9:10am Jun 5, 2012 9:10am
uptrendline on m1 broken. we could see more down now. i just dont like m5 close above 55
  • #652,033
  • Jun 5, 2012 9:10am Jun 5, 2012 9:10am
Is their intention been revealed? We'll see later.
Best Regards,
Pico.
  • #652,034
  • Jun 5, 2012 9:11am Jun 5, 2012 9:11am
Quoting nicogaglia
Uhm I don't like it...
Useless post, so many of such as of late. You wanna better post your chart confirming your thoughts?

Who cares you like it or not...instead share your views as you see it
  • #652,035
  • Jun 5, 2012 9:12am Jun 5, 2012 9:12am
Quoting doggette
Given that it reached well over it's daily range, I reckon we found the bottom for today. I'm giving it up to 2 days to reach the target.

Hourly close above 2452, as well as a second bullish candle on H4 tells me that we're going up for now
If you give 2 days probabily you are right... this is a retracement and you point to 50% FIBO
  • #652,036
  • Jun 5, 2012 9:12am Jun 5, 2012 9:12am
55 again
  • #652,037
  • Jun 5, 2012 9:14am Jun 5, 2012 9:14am
Quoting Crassius
Normally I would agree with you.... "Only trade in the direction of the trend" is useless shit people read in books....

My thinking is, if you know for sure exactly which way is the "trend", why don't you just have a trade at the start and the end of where ever you exactly know where the direction of the trend? That is crap written by people who write about trading for a living.... not trade for a living.

All profitable systems I have designed will about break even when... in retrospect... the trades were against the trend, and make...
Let's get this straight once and for all with all the trend traders. Trading with the trend is a good strategy if you were a position or swing trader.

However, in intraday trading the LT trend doesn't matter. You need to tune in to the noise and the intraday movements of the big boys. Those noises are what you need to use to make your profits.

I use the trend and fundamentals for my position/swing trades but I ignore them all when it comes to intraday trading. It is just irrelevant to use LT trends for daily movements when it is subject to noise.

You people need to learn how to adapt your strategies to the different timeframes. What works on longer TF usually doesn't on shorter TF and vice versa.
  • #652,038
  • Jun 5, 2012 9:14am Jun 5, 2012 9:14am
sold
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swing it!
  • #652,039
  • Jun 5, 2012 9:15am Jun 5, 2012 9:15am
Quoting shmandi
55 again
still holding
  • #652,040
  • Jun 5, 2012 9:17am Jun 5, 2012 9:17am
50 ema flat on 1hr and 4hr...range time i believe
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