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  • #672,421
  • Jul 26, 2012 8:12pm Jul 26, 2012 8:12pm
Quoting 2046
there are some very fundamental misconceptions addressed here:

trend: what defines a trend? price went up as long as the trend(short term) prevailed until the opposing long term bearish trend becomes more attractive again and resumes. at some point there won't be any people left who want to sell so naturally price could only retrace.

this is also a matter of scale which brings us to fractals, elliott for example. are we in an up or down trend? this depends on the timeframe you are looking at and often you find opposing trends in alternating...
Nice.
"Men who can both be right and sit tight are uncommon."
  • #672,422
  • Jul 26, 2012 8:13pm Jul 26, 2012 8:13pm
Quoting Myo
It seems that Asia crossed the 23.6% fib (taken from ydays low-high) to the downside in a "decisive manner". I´m eyeing the DPP-zone as the next target.
why would u use fibs? one cannot calculate everything - und machmal eben doch, aber meistens eben nicht! =)
  • #672,423
  • Jul 26, 2012 8:16pm Jul 26, 2012 8:16pm
2012-07-26_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-30 # I45 (Text DEN)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #672,424
  • Jul 26, 2012 8:17pm Jul 26, 2012 8:17pm
Quoting Vachus
Markets don't follow anyone , in few years by now Fractals and EW will simply stop working ... as spot market is determined by individuals goals and emotions , the field of misconception and deception will also increase ! Just like evolution

Ps: i don't disagree with any of what you said , on any level BTW
Fractals will simply stop working? Gann has to be rolling in his grave.
Time turns trend. - W.D. Gann
  • #672,425
  • Jul 26, 2012 8:18pm Jul 26, 2012 8:18pm
Quoting 853efx
why would u use fibs? one cannot calculate everything - und machmal eben doch, aber meistens eben nicht! =)
I like the way they look on my screen.
  • #672,426
  • Jul 26, 2012 8:19pm Jul 26, 2012 8:19pm
Quoting Mike8
Yes, because this is a "f@cking" difficult job.

We need to deal with ourself and more deep we go more shiite we find, specially when we increase our stake.

Traders by nature are very proud and ambitious people and that per se is an obstacle in trading, I think......
No...actually this is not a difficult job...forex trading is not that super hard,we just need to understand how this market moves and behaves. We just get confused sometimes and always overcomes by our bad habits in trading.

I been trading for more than a year now. Then I realized I always made the wrong entry and lose too much...then I go back to demo and trade there everyday while my live accounts always in stand by mode. Every time I made mistake in my demo trading I am thankful because at that time the demo absorbs all my mistakes that gives me a better entry in my live account. My demo account absorb all my mistakes in trading and my live account survives well...works well on me...try it...just a newbie advice for any newbie here,lol. Take care all...Good luck on your trading guys...! God Bless...!!!
  • #672,427
  • Jul 26, 2012 8:21pm Jul 26, 2012 8:21pm
Quoting Liza J
No...actually this is not a difficult job...forex trading is not that super hard,we just need to understand how this market moves and behaves. We just get confused sometimes and always overcomes by our bad habits in trading.

I been trading for more than a year now. Then I realized I always made the wrong entry and lose too much...then I go back to demo and trade there everyday while my live accounts always in stand by mode. Every time I made mistake in my demo trading I am thankful because at that time the demo absorbs all my mistakes that gives...
interesting post
  • #672,428
  • Jul 26, 2012 8:22pm Jul 26, 2012 8:22pm
Quoting 853efx
why would u use fibs? one cannot calculate everything - und machmal eben doch, aber meistens eben nicht! =)
Because the market uses fibs. Look at what happened NY morning time today. When price shot up, it did it for three hours straight. Three is a fib number. Then it paused for one hour. One is also a fib. Then went up for another hour. So, all in all, five hours of excitement. And five is also another fib number. This whole market, and all markets, for that matter, are based on mathematics. Just like MM, R:R, and margin call.
Time turns trend. - W.D. Gann
  • #672,429
  • Jul 26, 2012 8:26pm Jul 26, 2012 8:26pm
Quoting Liza J
No...actually this is not a difficult job...forex trading is not that super hard,we just need to understand how this market moves and behaves. We just get confused sometimes and always overcomes by our bad habits in trading.

I been trading for more than a year now. Then I realized I always made the wrong entry and lose too much...then I go back to demo and trade there everyday while my live accounts always in stand by mode. Every time I made mistake in my demo trading I am thankful because at that time the demo absorbs all my mistakes that gives...
Good luck 2 u 2, u may need it <3 - stick to trading - read PA on a daily basis and do it on a deliberate basis - one day u may master it - better than any1 else
  • #672,430
  • Jul 26, 2012 8:27pm Jul 26, 2012 8:27pm
Quoting ForExtraPips
Because the market uses fibs. Look at what happened NY morning time today. When price shot up, it did it for three hours straight. Three is a fib number. Then it paused for one hour. One is also a fib. Then went up for another hour. So, all in all, five hours of excitement. And five is also another fib number. This whole market, and all markets, for that matter, are based on mathematics. Just like MM, R:R, and margin call.
Shhh. Applying fibs to the x-axis of your chart is a well kept industry secret.
  • #672,431
  • Jul 26, 2012 8:30pm Jul 26, 2012 8:30pm
Quoting 853efx
why would u use fibs? one cannot calculate everything - und machmal eben doch, aber meistens eben nicht! =)
fib represents a mathematical model of nature
  • #672,432
  • Jul 26, 2012 8:30pm Jul 26, 2012 8:30pm
Quoting ForExtraPips
Because the market uses fibs. Look at what happened NY morning time today. When price shot up, it did it for three hours straight. Three is a fib number. Then it paused for one hour. One is also a fib. Then went up for another hour. So, all in all, five hours of excitement. And five is also another fib number. This whole market, and all markets, for that matter, are based on mathematics. Just like MM, R:R, and margin call.
i'm in desperate need of some advice as what it looks like
  • #672,433
  • Jul 26, 2012 8:31pm Jul 26, 2012 8:31pm
Quoting sidhujag
fib represents a mathematical model of nature
i no - usually fibs do good - my point was: don't rely on maths only
  • #672,434
  • Jul 26, 2012 8:32pm Jul 26, 2012 8:32pm
Quoting Liza J
We just get confused sometimes and always overcomes by our bad habits in trading.
Here we go my friend "our bad habits". They are impregnated and to be free of them we need to deal with ourself. You might deal with them easily on a demo or small account, but when you deal with big money (subjective) they come back to suface if you have not worked out that side yet.

I agree with you trading is not about setups only but is about much more..
"Men who can both be right and sit tight are uncommon."
  • #672,435
  • Jul 26, 2012 8:38pm Jul 26, 2012 8:38pm
Quoting Mike8
Here we go my friend "our bad habits". They are impregnated and to free them we need to deal with ourself. You might get reed of them easily on a demo or small account, but when you deal with big money(subjective)they come back
to suface if you have not worked that side out yet.

I agree with you trading is not about setups but is about much more
money comes, money goes - if some1 only trades to get rich, one is doomed - there's much more in life - do u like swimming? do u paint? dance? laugh sometimes? u make fun of urself? u fart and smile? lol - i do (fart and smile, hehe)
  • #672,436
  • Jul 26, 2012 8:38pm Jul 26, 2012 8:38pm
[IMG]file:///C:/Documents%20and%20Settings/Administrator/My%20Documents/fibchart.gif[/IMG]
Quoting 853efx
i'm in desperate need of some advice as what it looks like
  • #672,437
  • Jul 26, 2012 8:40pm Jul 26, 2012 8:40pm
Quoting Mike8
Yes, because this is a "f@cking" difficult job.

1>>>We need to deal with ourself and more deep we go more shiite we find, specially when we increase our stake.

2>>>Traders by nature are very proud and ambitious people and that per se is an obstacle in trading, I think......
1>>>"There is nothing new under the sun"

2>>>"All is vanity"

Yes on both counts. Good night.
  • #672,438
  • Jul 26, 2012 8:40pm Jul 26, 2012 8:40pm
Quoting 853efx
lol - i do (fart and smile, hehe)
.

Interesting comment.
"Men who can both be right and sit tight are uncommon."
  • #672,439
  • Jul 26, 2012 8:42pm Jul 26, 2012 8:42pm
Quoting Mike8
Here we go my friend "our bad habits". They are impregnated and to be free of them we need to deal with ourself. You might deal with them easily on a demo or small account, but when you deal with big money (subjective) they come back to suface if you have not worked out that side yet.

I agree with you trading is not about setups only but is about much more..
There are people that committed or are contemplating suicide over this. It's the highest stakes game out there. The flip side is complete freedom. So there's not much in between. It requires absolute dedication in order to make it. Whoever thinks otherwise is probably trading micro or demo. Mike is absolutely right. Traders will fight their demons for years, some forever and never win, because we're mostly fighting ourselves. Hard work/method/set up alone will never cut it here. One has to first understand themselves before even putting a live trade. I know, some may call it bull shit and that's fine. You will figure it out later.
  • #672,440
  • Jul 26, 2012 8:44pm Jul 26, 2012 8:44pm
Quoting attila
There are people that committed or are contemplating suicide over this. It's the highest stakes game out there. The flip side is complete freedom. So there's not much in between. It requires absolute dedication in order to make it. Whoever thinks otherwise is probably trading micro or demo. Mike is absolutely right. Traders will fight their demons for years, some forever and never win, because we're mostly fighting ourselves. Hard work/method/set up alone will never cut it here.
very well said!
Good luck and may the odds be ever in your favor!
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