dont worry,for a change currency man much better than him.u can follow him
I observe your reality but live my own. 
- #41,821
- Jul 9, 2012 7:18am Jul 9, 2012 7:18am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
- #41,822
- Jul 9, 2012 7:37am Jul 9, 2012 7:37am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #41,823
- Jul 9, 2012 7:56am Jul 9, 2012 7:56am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
It's as if you could copy and paste one for another
i agree.by the way i have 2 position long from yesterday at 1.2268 and one of limit order waiting at 1.2240.and i will be taking more positions on if price allow me further down all the way to 1.2050 and then my stops wont be trigger another 200 pips down with maximum loss upto 7-10 % this trade going to be longer term positional type.i am looking for the price target of 1.2825 and then possibly 1.3070[we are yet to fill the Gap thier].my thining is the correction which happen till now since the price break of 1.30 are really small and looking for a major correction.
.this is purely technical and antitrend trade and my contrarian spirit wont let me sleep if i dont take it.beware its always dangerous to go against the trend but again i consider myself to be free adventourous spirit.
Allah has permitted trade and has forbidden interest [koran]
- #41,824
- Jul 9, 2012 8:05am Jul 9, 2012 8:05am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
bmy thining is the correction which happen till now since the price break of 1.30 are really small and looking for a major correction.
- #41,825
- Jul 9, 2012 8:27am Jul 9, 2012 8:27am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Or you could just be EurAnalysis' very own.......
my take is everyone should individualise the trading to thier own experience.on couple of occasion i tried to go short but those trade blown on my face,somehow i struggle when i take position with the trend.if u see i have make all the money on longer side and then lost the whole and some more when i took only short trade on 29th last month.it is my firm belief that everyone has different experience and price action speak to everyone in certain way and one has to go by what they hear when listening to price action.i infact urge strongly to everyone to individualise thier own trade,whether trade go in ur favour or against it will be urs and the knowledge u gain will be urs and then u will have some criterias of ur own against which to judge anything and everything and that will stand u in good stead.
Allah has permitted trade and has forbidden interest [koran]
- #41,826
- Jul 9, 2012 8:28am Jul 9, 2012 8:28am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
...beware its always dangerous to go against the trend but again i consider myself to be free adventourous spirit.
T
"I know one thing, that I know nothing." Sokrates
- #41,827
- Jul 9, 2012 8:29am Jul 9, 2012 8:29am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
by the way i have 2 position long from yesterday at 1.2268 and one of limit order waiting at 1.2240.and i will be taking more positions on if price allow me further down all the way to 1.2050 and then my stops wont be trigger another 200 pips down with maximum loss upto 7-10 % this trade going to be longer term positional type.i am looking for the price target of 1.2825 and then possibly 1.3070[we are yet to fill the Gap thier].my thining is the correction which happen till now since the price break of 1.30 are really small and...
- #41,828
- Jul 9, 2012 8:32am Jul 9, 2012 8:32am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
it is my firm belief that everyone has different experience and price action speak to everyone in certain way and one has to go by what they hear when listening to price action.i infact urge strongly to everyone to individualise thier own trade,whether trade go in ur favour or against it will be urs and the knowledge u gain will be urs and then u will have some criterias of ur own against which to judge anything and everything and that will stand u in good stead.
T
"I know one thing, that I know nothing." Sokrates
- #41,829
- Jul 9, 2012 8:34am Jul 9, 2012 8:34am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
Why not wait for trend change confirmation?
I observe your reality but live my own.
- #41,830
- Jul 9, 2012 8:40am Jul 9, 2012 8:40am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Then the question becomes; On which time frame to do wait for a trend change? 5M? 15M? 1H? 4H? 1D? 1W?
- #41,831
- Jul 9, 2012 8:48am Jul 9, 2012 8:48am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Why not wait for trend change confirmation?
the logic of this trade is to catch the correction which is atleast 500 pips.i dont know what is ur criteria for trend change but if u look at the oanda feed its daily already form a graveyard doji and todays price action is semiconfirmatoy stage.say if todays candle is completly bearish covering the earlier doji then what i am looking at is a sort of bullish concealing baby swallow type of pattern which is a reversal pattern.
Allah has permitted trade and has forbidden interest [koran]
- #41,832
- Jul 9, 2012 8:54am Jul 9, 2012 8:54am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
it is not a with the trend trade and by the time u realise the trend is change market will be ready for one more stab to the downside.
the logic of this trade is to catch the correction which is atleast 500 pips.i dont know what is ur criteria for trend change but if u look at the oanda feed its daily already form a graveyard doji and todays price action is semiconfirmatoy stage.say if todays candle is completly bearish covering the earlier doji then what i am looking at is a sort of bullish concealing baby swallow type of pattern which is a reversal...
- #41,833
- Jul 9, 2012 8:58am Jul 9, 2012 8:58am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
my take is everyone should individualise the trading to thier own experience.on couple of occasion i tried to go short but those trade blown on my face,somehow i struggle when i take position with the trend.if u see i have make all the money on longer side and then lost the whole and some more when i took only short trade on 29th last month.it is my firm belief that everyone has different experience and price action speak to everyone in certain way and one has to go by what they hear when listening to price action.i infact urge...
- #41,834
- Jul 9, 2012 8:59am Jul 9, 2012 8:59am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Lol doc. Good luck. I would go long with you but I am just such a coward. I prefere to short and will start looking for weakness at 2346. If we make it through, then 2406. And thats the cap for me as long as some news dont overtake power.
T
.testestrone in market generally means ur one trade away from humbleness
Allah has permitted trade and has forbidden interest [koran]
- #41,835
- Jul 9, 2012 9:02am Jul 9, 2012 9:02am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #41,836
- Jul 9, 2012 9:14am Jul 9, 2012 9:14am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Doc, as stated before, I do expect a correction but certainly not to the magnitude you're thinking. 100 to 200 max I would think. When I look on the horizon, this is what I see ...
].i dont know why but my eyes keep going to 1.2825.yea in longer term price may reach 1.70 but again in longer term we all will be dead anyway,dont we
Allah has permitted trade and has forbidden interest [koran]
- #41,837
- Jul 9, 2012 9:37am Jul 9, 2012 9:37am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Doc, as stated before, I do expect a correction but certainly not to the magnitude you're thinking. 100 to 200 max I would think. When I look on the horizon, this is what I see ...
http://1.bp.blogspot.com/_5Cxvyo4cGK...00/tsunami.jpg
Those who say it cannot be done should not interrupt those who are doing it
- #41,838
- Jul 9, 2012 9:40am Jul 9, 2012 9:40am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #41,839
- Jul 9, 2012 9:40am Jul 9, 2012 9:40am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
You're such an optimist. The reality is better reflected in my pic...
http://1.bp.blogspot.com/_5Cxvyo4cGK...00/tsunami.jpg
I observe your reality but live my own.
- #41,840
- Jul 9, 2012 9:50am Jul 9, 2012 9:50am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
You're such an optimist. The reality is better reflected in my pic...
http://1.bp.blogspot.com/_5Cxvyo4cGK...00/tsunami.jpg
personally i consider myself to be good contraindicator.if anyone take a trade against me 8 out of 10times they will be winner seriously.one can make lot of money just on this one strategy Allah has permitted trade and has forbidden interest [koran]