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  • #668,101
  • Jul 12, 2012 11:38pm Jul 12, 2012 11:38pm
Quoting almo
Wouldn't surprise me one bit if I closed out at 1.2255 - the one thing I have been refusing to do lately is let a trade carry while I am sleeping.

Now I just have to hope I can stay awake long enough for the London Open
Same here with letting a trade go while I sleep. No more. Much more peaceful sleep. Tighter SL does the trick. If I'm wrong, I'm wrong.
Time turns trend. - W.D. Gann
  • #668,102
  • Jul 12, 2012 11:40pm Jul 12, 2012 11:40pm
Also, notice where price is fighting at right now. Take yesterday's daily high and low, add the two, divide it by two, and you have the median price, where it's fighting at right now. All about where price "normally" does a 50% retracement.
Time turns trend. - W.D. Gann
  • #668,103
  • Jul 12, 2012 11:42pm Jul 12, 2012 11:42pm
Quoting ForExtraPips
Same here with letting a trade go while I sleep. No more. Much more peaceful sleep. Tighter SL does the trick. If I'm wrong, I'm wrong.

Had 7 trades running last night, not a great deal has happenned, in euro,bgp and oil, slight rise but nothing worth loosing sleep over.
  • #668,104
  • Jul 12, 2012 11:51pm Jul 12, 2012 11:51pm
Quoting Mossy68
Had 7 trades running last night, not a great deal has happenned, in euro,bgp and oil, slight rise but nothing worth loosing sleep over.
Good point. Back in April, I made a killing in my sleep. And while I was at work. Basically gambling. Then in May, I got killed. It taught me a lesson. Like the old saying goes, plan your trade, then trade your plan. Ever since then, I trade a lot less. Wait for the set up. The only reason I'm trading more this past week is because I'm on vacation. Heading to Florida tomorrow. That will will give me a week to clear my mind. I just find that with propererly drawn trendlines, in regards to S/R, has really done wonders for my trading. And looking at the longer time frames, and the whole deal with momentum.
Time turns trend. - W.D. Gann
  • #668,105
  • Jul 12, 2012 11:55pm Jul 12, 2012 11:55pm
I like that there seem to be more people going long now... way too many people with a short bias after NY close.
check out my blog: forexmademillionaire dot com
  • #668,106
  • Jul 12, 2012 11:56pm Jul 12, 2012 11:56pm
Quoting ForExtraPips
Good point. Back in April, I made a killing in my sleep. And while I was at work. Basically gambling. Then in May, I got killed. It taught me a lesson. Like the old saying goes, plan your trade, then trade your plan. Ever since then, I trade a lot less. Wait for the set up. The only reason I'm trading more this past week is because I'm on vacation. Heading to Florida tomorrow. That will will give me a week to clear my mind. I just find that with propererly drawn trendlines, in regards to S/R, has really done wonders for my trading. And looking at...
I could'nt agree more, I used to put trades on then go out to work totally blind, either done well or got slaughtered. I seem to do much better when I am at home managing the trades, any turn in trend and I can see it right away.
Tip about Holidays;
Last year I had around 8 trades running, went to Cuba and found thye had no real internet access, had no stop lose's and got killed around £4000.00.
My fault for trying to pre-guess the trend and without stop loss in place, a valuable lesson learn.
  • #668,107
  • Jul 12, 2012 11:58pm Jul 12, 2012 11:58pm
supply zone maybe touch today...
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  • #668,108
  • Jul 13, 2012 12:06am Jul 13, 2012 12:06am
Quoting Mossy68
I could'nt agree more, I used to put trades on then go out to work totally blind, either done well or got slaughtered. I seem to do much better when I am at home managing the trades, any turn in trend and I can see it right away.
Tip about Holidays;
Last year I had around 8 trades running, went to Cuba and found thye had no real internet access, had no stop lose's and got killed around £4000.00.
My fault for trying to pre-guess the trend and without stop loss in place, a valuable lesson learn.
Yep. Been there, done that. Another lesson learned. Part of paying tuition. I was so hard headed when I first came into this market. Now I just wait for the daily close, then draw my trendlines and S/R after it closes, then go from there. The one picture below is zoomed in, the other is zoomed out. Reading up on Gann has really opened my eyes to the market.
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Time turns trend. - W.D. Gann
  • #668,109
  • Jul 13, 2012 12:11am Jul 13, 2012 12:11am
Gann seems very confusing to me, especially with all those lines, I just use 2 Horizontals and a channel showing trend, 50 & 200 ema, look at the daily and just trade from 15minute charts.

Today my pivot line on Euro is saying down, Oil is just about even.
  • #668,110
  • Jul 13, 2012 12:13am Jul 13, 2012 12:13am
Quoting Mike8
This is the best post I have read on this thread until now.

This part needed to be read many time by newbies: "I spend as least as much time looking for reason "not" to enter as reason "to" enter".

Anyway bulls are not just good for hamburger, but also for "brasciole".

I cannot vouch you but I can post you a link how to cook them.

http://www.youtube.com/watch?v=tLPqb...eature=related
hahaha bro I am Scia Scia very long italian bones, and I have attached Kiwi charts monthly will help my understanding of her behavior, which is much perserverance and patience
Monthly These levels are calculated only from highest and lowest prices, however it is relevant / interesting how they intersect with pa as they are added, well worth the excercise.
Using the levels is where it get really interesting, I believe when price is in the upper 1/4 or 75% - 100% of any "range", for me is only selling her, accordingly bottom, 0% - 25% is only longing.
25% - 75% is both possible,
Daily the interaction of the levels becomes even more clearer, remember these level were calculated "only" with the highest and lowest price, effectively a chart of mids
note 8224 was an absolute bitch for me, trying to scalp build my position, she ranged for nearly 2 & 1/2 months however, I feel I did better than those trying to long her with eventually ending up with 4 positions at the may meltdown.
Note the purple level, this is a mid, I add and remove for each section pa moves into, otherwise getting too many lines.
However it converged with the falling tl and was a nice short opportunity,
All of these types of levels I do post, but as you can see, it requires much patience and perserverence,
The first tap and the following 2 days were doji,s arrrrgh however the entries thankfully stayed low risk and eventually she rejected, and I added the retest on Wednesday,
There is off course a possibility of a H&S forming, which would comply with the present levels, however I am waiting to see if 7915 will hold or the 200sma
note the 200 50 sma cross also close by.
1hr This self expanitory 7915 is starting to strengthen also with the 200 50 sma cross close by, the 50sma cruising down and the last 1hr breached support could possibly act as a new resistance.
So she very interestingly poised, this is my plan, I am looking to built a position just below 7928, if it plays out great if it dosnt I will be stopped, rr is acceptable,

sorry to babble bro, I just trying to show bits of how I plan my trade, starting monthly, then daily then hourly on this one tradeplan
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Kiwi Daily 13 7 2012.png Size: 41 KB
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If you are new to Forex? Say Goodbye to your account!!
  • #668,111
  • Jul 13, 2012 12:49am Jul 13, 2012 12:49am
Quoting kokopelli


No Cat indicator, I'm afraid. Only Gator's crazy Mofu. Maybe, he'll open the vault and share it with the masses some day.
The double top on the multi year CAT chart looks very bad. Validates the break down of the Euro and suggests long term that the euro is a great short. Also says long term that the aussie is a great short both against the dollar. Probably ben is not in a hurry to QE3 right now cuz he thinks things could get much worse and he wants to wait til its really needed
  • #668,112
  • Jul 13, 2012 12:58am Jul 13, 2012 12:58am
Quoting KiwiTrada
hahaha bro I am Scia Scia very long italian bones, and I have attached Kiwi charts monthly will help my understanding of her behavior, which is much perserverance and patience
Monthly These levels are calculated only from highest and lowest prices, however it is relevant / interesting how they intersect with pa as they are added, well worth the excercise.
Using the levels is where it get really interesting, I believe when price is in the upper 1/4 or 75% - 100% of any "range", for me is only selling her, accordingly bottom, 0% - 25%...
Clear and crispy. Cheers.
"Men who can both be right and sit tight are uncommon."
  • #668,113
  • Jul 13, 2012 1:19am Jul 13, 2012 1:19am
today we get Italian 10-y Bond Auction I think there will very low demand as Mooday has just downgraded Itally bonds rating


http://www.bloomberg.com/news/2012-0...ing-risks.html


perhaps we will see a new low and I expect the euro to close today somewhere below 1.2170


good luck with your trading and have a good weekend
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  • #668,114
  • Jul 13, 2012 1:44am Jul 13, 2012 1:44am
Is there anyone who is short in aud/usd?
  • #668,115
  • Jul 13, 2012 1:50am Jul 13, 2012 1:50am
Quoting koliva
Is there anyone who is short in aud/usd?
yes
If you are new to Forex? Say Goodbye to your account!!
  • #668,116
  • Jul 13, 2012 1:53am Jul 13, 2012 1:53am
Quoting KiwiTrada
yes
hold on you hat
If you are new to Forex? Say Goodbye to your account!!
  • #668,117
  • Jul 13, 2012 1:54am Jul 13, 2012 1:54am
Quoting KiwiTrada
yes
Tell me. Where did you enter, what is your lovely tp and what is your sl which hopefully will never reach.
  • #668,118
  • Jul 13, 2012 2:00am Jul 13, 2012 2:00am
OK on 15 min EU chart the price action seems to be bullish but still my overall bias is bearish, although i am in short trade already from wednesday entry @2269 targeting 2069, and currently i have trailed my stop to todays high @2219 with locking in 50pips profit. so i am not taking any more trades this week after half of the london session is over..
  • #668,119
  • Jul 13, 2012 2:04am Jul 13, 2012 2:04am
Quoting koliva
Tell me. Where did you enter, what is your lovely tp and what is your sl which hopefully will never reach.
I'll say it once and be done. I'm all about collaboration, but beggars? No!

Think for yourself. If you can't do that, run far far away from FX trading. You don't belong. Stop mooching trades off others and learn how to trade for yourself. There is no shortage of good information and tools on the web.

/end_rant
check out my blog: forexmademillionaire dot com
  • #668,120
  • Jul 13, 2012 2:10am Jul 13, 2012 2:10am
Quoting Geppy
I'll say it once and be done. I'm all about collaboration, but beggars? No!

Think for yourself. If you can't do that, run far far away from FX trading. You don't belong. Stop mooching trades off others and learn how to trade for yourself. There is no shortage of good information and tools on the web.

/end_rant

If you dont want peeps mooching then stop posting ;-)
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