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  • #653,521
  • Jun 7, 2012 10:13am Jun 7, 2012 10:13am
Quoting tomspin
New low is not a false movement it is new point for new trendline
You are right, but Iam trying to by pass spikes and draw joint trendlines. The more bounces, the more stable line.

But Iam not trading on trendline break downs. It just warns me to watch the horizontal S/Rs. I dont trust tendlines...
"Study the past if you would define the future." Confucius
  • #653,522
  • Jun 7, 2012 10:15am Jun 7, 2012 10:15am
Gold is awesome at times like this. I made back all my losses and a little profit.
  • #653,523
  • Jun 7, 2012 10:17am Jun 7, 2012 10:17am
Quoting littlemole
You are right, but Iam trying to by pass spikes and draw joint trendlines. The more bounces, the more stable line.
This was not a spike these where full body candles showing you new VERY important support - this is why I don't use trend lines or very rarely, only support and resistace - you can't be wrong about that
swing it!
  • #653,524
  • Jun 7, 2012 10:17am Jun 7, 2012 10:17am
Quoting littlemole
You are right, but Iam trying to by pass spikes and draw joint trendlines. The more bounces, the more stable line.

I am not trying to pick holes but they call that "curve fitting" you will make the data fit your method but it will not work going forward only historically. It is exactly what all those EA marketeers do when they sell a system they curve fit to give a great historic test.
  • #653,525
  • Jun 7, 2012 10:18am Jun 7, 2012 10:18am
Quoting Esssex
Gold is awesome at times like this. I made back all my losses and a little profit.
gratz mate!

for me despite bagged in couple of pips today, im still away from recovery of my losses.


oh well probably just do it next day then, tonight not the night for me.

cheers and green pips all guys!
400 pips remaining.
  • #653,526
  • Jun 7, 2012 10:19am Jun 7, 2012 10:19am
Quoting Esssex
Gold is awesome at times like this. I made back all my losses and a little profit.
I wanna catch a moment like in jan 2012 this time up to 2000 and beyond I will be patient - it will come. Congrats on profits
swing it!
  • #653,527
  • Jun 7, 2012 10:21am Jun 7, 2012 10:21am
Ok, I told u that I dont trust tendlines, but they warns me to watch horizontal S/Rs. But this is how draw that trendline:
1. Watched at 4h TF than I drowe a well fit trendline
2. Went to 1h TF and fixed the tendline to the lows
"Study the past if you would define the future." Confucius
  • #653,528
  • Jun 7, 2012 10:23am Jun 7, 2012 10:23am
Did I hear that right. Ben basically said even if Greece exits no intervention? It would have to be broader based?
Why go long...When you can go short!
  • #653,529
  • Jun 7, 2012 10:24am Jun 7, 2012 10:24am
I'm watching Bernanke's Q+A session. Someone just asked him how he sleeps at night!
  • #653,530
  • Jun 7, 2012 10:25am Jun 7, 2012 10:25am
Quote
330 Traders Viewing This Thread (108 are members)

And 2 traders know what they are doing.

Myself excluded =P


Trying to operate from iPhone Platform is a waste of money/time/money =(

I think one of my sellstops gained me some pips, but i couldīt delete some buy limits and they killed me a bit more.
  • #653,531
  • Jun 7, 2012 10:26am Jun 7, 2012 10:26am
Quoting daltman
And 2 traders know what they are doing.

Myself excluded =P


Trying to operate from iPhone Platform is a waste of money/time/money =(

I think one of my sellstops gained me some pips, but i couldīt delete some buy limits and they killed me a bit more.
The iPad platform is pretty cool, combined with mt4.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #653,532
  • Jun 7, 2012 10:26am Jun 7, 2012 10:26am
Quoting daltman
And 2 traders know what they are doing.

Myself excluded =P


Trying to operate from iPhone Platform is a waste of money/time/money =(

I think one of my sellstops gained me some pips, but i couldīt delete some buy limits and they killed me a bit more.
Trading on a smart phone is not advisable unless it is longer term trading rather than day trading
  • #653,533
  • Jun 7, 2012 10:27am Jun 7, 2012 10:27am
Quoting Roofx
Trading on a smart phone is not advisable
I know, I was trying to delete my pendings =(

Thatīs what I get for having a dayjob. (11,34 AM here)
  • #653,534
  • Jun 7, 2012 10:27am Jun 7, 2012 10:27am
Quoting Roofx
I'm watching Bernanke's Q+A session. Someone just asked him how he sleeps at night!
and he said that he sleeps pretty well. haha
  • #653,535
  • Jun 7, 2012 10:30am Jun 7, 2012 10:30am
Strong sell. Will be a big fall
now i see its coming. listen FED meeting.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #653,536
  • Jun 7, 2012 10:34am Jun 7, 2012 10:34am
Long USD
Short EUR
  • #653,537
  • Jun 7, 2012 10:35am Jun 7, 2012 10:35am
where is a good price to short?
  • #653,538
  • Jun 7, 2012 10:36am Jun 7, 2012 10:36am
2534 a good place for a bounce or another short sell DPp on my chart
swing it!
  • #653,539
  • Jun 7, 2012 10:36am Jun 7, 2012 10:36am
Gotta admit...looking bleak for the EUR


Still long on it though - this feels more like Hopium rather than a real move
  • #653,540
  • Jun 7, 2012 10:38am Jun 7, 2012 10:38am
where are we now ? in bear Territory bull territory ? , i had break of 2480 as bull territory but now i am lost
Mohan
2,800 traders viewing now