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  • #678,581
  • Aug 10, 2012 6:36am Aug 10, 2012 6:36am
I'll try to catch a knife, finger on the button. 5 pips only.
  • #678,582
  • Aug 10, 2012 6:37am Aug 10, 2012 6:37am
Quoting attila
I'll try to catch a knife, finger on the button. 5 pips only.
at BE.. whatever..
  • #678,583
  • Aug 10, 2012 6:38am Aug 10, 2012 6:38am
when she went up last Friday she didn't show any respect to any resistance now showing respect to every support. really a...............
  • #678,584
  • Aug 10, 2012 6:38am Aug 10, 2012 6:38am
I did not follow my own advice. I got out of my trade early. +20 pips on the eur/usd.

However, I did pick up 30 pips as well on the Gbp/Jpy.


I have a buy on the USD/CAD now....
  • #678,585
  • Aug 10, 2012 6:39am Aug 10, 2012 6:39am
So Spanish bank Dexia needs to be recapitalised fast and that news caused euro to go down 10 pips fast to 1.2245 region. Dexia
  • #678,586
  • Aug 10, 2012 6:40am Aug 10, 2012 6:40am
Quoting KumoDragon
The real problem is if he has an actual repeatable edge where he knows he's going to win more than he loses and can make up losses, or if he is just getting lucky with a string of winners because how he is trading works in the current market environment.

That's what really wipes out traders stuck to one style of trading, they can only trade trends or breakouts or ranges and when it switches between those they get pummeled.

That's what usually happens when someone is getting a large string of wins, they just happen to be trend trading in...
yes very true lol, on the intra-day range/scalping other than the bigger tf's entry, i have to identify what kind of market i am trading before i can use a strategy that can work with the market. Most of the time, i have to use 0.01 to test the market first before making bigger entries.

sometimes, it's consolidating, sometimes it's ranging, sometimes it's trending. have to understand wth the indicators/candles are trying to mean sometime and look out for BO or bounce.

no single strategy can work in all market condition, give last week for example during draghi's session, i wonder what kind of strategy can work in those kind lol, other than buy sell stops.
  • #678,587
  • Aug 10, 2012 6:42am Aug 10, 2012 6:42am
EU is going to continue short to 1.22177, before any significant long move I believe.

If you aren't already in short, you've already missed the best entries though. Best to sit aside, don't chase price as it's dropping. Wait for long moves to short.
  • #678,588
  • Aug 10, 2012 6:45am Aug 10, 2012 6:45am
Quoting attila
at BE.. whatever..
Almost had it, nice try. People dont realize the pros do that all day long, some can make 200-300 pips in a day.
Be hopeful in a winning position, and fearful in a losing position.
  • #678,589
  • Aug 10, 2012 6:45am Aug 10, 2012 6:45am
Quoting 5percent
yes very true lol, on the intra-day range/scalping other than the bigger tf's entry, i have to identify what kind of market i am trading before i can use a strategy that can work with the market. Most of the time, i have to use 0.01 to test the market first before making bigger entries.

sometimes, it's consolidating, sometimes it's ranging, sometimes it's trending. have to understand wth the indicators/candles are trying to mean sometime and look out for BO or bounce.

no single strategy can work in all market condition, give last week for example...
When it comes to news and speeches only real stategy I heard of is buy/sell stops on either side of price before news. I can't do that in US because I can't hedge. So, I either sit aside or make a guess based on my usual set ups.
  • #678,590
  • Aug 10, 2012 6:46am Aug 10, 2012 6:46am
Quoting Rag2RichesFX
Almost had it, nice try. People dont realize the pros do that all day long, some can make 200-300 pips in a day.
you have to be quick though.. The faster it drops, the harder I look to enter long.
  • #678,591
  • Aug 10, 2012 6:46am Aug 10, 2012 6:46am
Is important Gann support line, Possibly low for the day,Will dump most my position When/if hits 1.2280 though, If 1.2215 goes 1.2180 inevitable which should almost certainly be the low for today, All in my opinion good luck
Loser trying to become a winner!
  • #678,592
  • Aug 10, 2012 6:48am Aug 10, 2012 6:48am
Quoting attila
you have to be quick though.. The faster it drops, the harder I look to enter long.
An attempt at trend continuation down. if fails will try again @ 56
Attached Image (click to enlarge)
Click to Enlarge Name: EUscalp.jpg Size: 213 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #678,593
  • Aug 10, 2012 6:48am Aug 10, 2012 6:48am
Price is tight.
Attached Image (click to enlarge)
Click to Enlarge Name: h4aug10eu.jpg Size: 76 KB
Time turns trend. - W.D. Gann
  • #678,594
  • Aug 10, 2012 6:49am Aug 10, 2012 6:49am
Quoting 5percent
40% per week is quite a number. But have to depend the account size, and the trader's wealth as well, how much is that trading account : his wealth. If the trading account is mere few % and meant nothing to him, his trade can be risker/speculated on higher RR, 40% is not hard to achieve. But I don't know how a system can generate 40% per week on a consistent and safe strategy that have proven, 40% per month is possible and already astounding, we are talking about compounding here.

He will be headhunted by top banks/hedgefund.
40% per...
5%

This for me pure fantasy, kids stuff. I just do not understand it, sorry.

Life is not like that, there is always a price to pay. I know dreaming is free of charge but....

Live Account are personal in my view, we are here to share the knowledge as an act of generosity (due to the adversity incurred before the grasp) and not the depth of our pocket..... It is also not very nice to ask if not offered....
"Men who can both be right and sit tight are uncommon."
  • #678,595
  • Aug 10, 2012 6:50am Aug 10, 2012 6:50am
Quoting ishykiel
So Spanish bank Dexia needs to be recapitalised fast and that news caused euro to go down 10 pips fast to 1.2245 region. Dexia
Dexia is not Spanish...
Bankia is
  • #678,596
  • Aug 10, 2012 6:50am Aug 10, 2012 6:50am
closed trade , didnt like waht i am seeing now. will reenter at close of candle
  • #678,597
  • Aug 10, 2012 6:51am Aug 10, 2012 6:51am
46 will decide here.
  • #678,598
  • Aug 10, 2012 6:51am Aug 10, 2012 6:51am
Quoting Rag2RichesFX
An attempt at trend continuation down. if fails will try again @ 56
stopped out -1.5, but got 55, not bad, more down (already +6 green)!
Be hopeful in a winning position, and fearful in a losing position.
  • #678,599
  • Aug 10, 2012 6:52am Aug 10, 2012 6:52am
Quoting tankokjian
closed trade , didnt like waht i am seeing now. will reenter at close of candle
That's why I'm staying out. Don't like what I'm seeing either.
Time turns trend. - W.D. Gann
  • #678,600
  • Aug 10, 2012 6:53am Aug 10, 2012 6:53am
Quoting KiwiTrada
PM,d todays levels as they printed about 12 hrs ago , have worked beautifully, dont know what you mean by hindsight, but if that what you feel is no problem.

Often forex is best kept in its simplist form, can become over complicated very quickly.
No pro Bro, I think a bit of frustration come out, I cannot keep the blood cool for long, just nature.

I have already sent you a pm about 45 minutes ago.
"Men who can both be right and sit tight are uncommon."
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