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  • #690,721
  • Sep 11, 2012 8:05pm Sep 11, 2012 8:05pm
Quoting Mike8
I was just looking at it, this is a weekly, she go to a very significant point, the last time she got there she did not go down much but she did (300 pips).

Maybe Kiwi can give us also his view also.
yes thats the line I m watching..
seems break...
expectation about QE3 is high...
but u cn see gold was not moving much last night...
Patience, Emotion Control and Discipline.
  • #690,722
  • Sep 11, 2012 8:05pm Sep 11, 2012 8:05pm
Quoting notoriouskfb
momentum is long for now. crowds have been heavily short all the way up here, they're mostly wrong but always right when the big moves come... IMHO we need to wait for confirmation before shorting here. it might be a good time to take a long a few hours after london opens.

part of your post is incorrect and slightly egotistical
market "needs buyers and sellers"
when pa go up, buyer rewarded, down seller rewarded, 'BUT" buyer and seller can be rewared depending on timeframe and trade plan.

Buyer has been doing well, and when it go down seller will do well, this is forex

Even to wait for confirmation for sell, exactly what timeframe you talking about, 1hr 4hr day week ???? each one has different criteria
so for now congrate short term buyer, congrate long term seller, blah blah
If you are new to Forex? Say Goodbye to your account!!
  • #690,723
  • Sep 11, 2012 8:06pm Sep 11, 2012 8:06pm
Quoting StopGuessing
210% in one day .
210% . I also want to be your friend. I do you do that if you care to articulare?
"Men who can both be right and sit tight are uncommon."
  • #690,724
  • Sep 11, 2012 8:08pm Sep 11, 2012 8:08pm
All my trades posted are backed up here.
https://www.exness.com/monitor/real_account/62062

Not to mention I WITHDREW over 95% of todays profit. Will start london with less then 80 usd. Todays profit was of 352.99 Lets try to repeat again. I wonder if that asian non-believer will put his money where his mouth is.
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He who guess is LOST!
  • #690,725
  • Sep 11, 2012 8:10pm Sep 11, 2012 8:10pm
Quoting Mike8
210% . I also want to be your friend. I do you do that if you care to articulare?
Mike...I suspect all of today's discussion likely is now in the recycle bin. Its worth a read though.
  • #690,726
  • Sep 11, 2012 8:10pm Sep 11, 2012 8:10pm
Quoting Mike8
210% . I also want to be your friend. I do you do that if you care to articulare?
Well I use high leverage with medium equity (depending on which fib is crossed) Take a look at this video. Notice how he uses the pending order with increasing lot sizes once he stops out. That is more or less how I trade using multiple accounts once my stop loss is hit.

Inserted Video
He who guess is LOST!
  • #690,727
  • Sep 11, 2012 8:11pm Sep 11, 2012 8:11pm
Quoting StopGuessing
All my trades posted are backed up here.
https://www.exness.com/monitor/real_account/62062

Not to mention I WITHDREW over 95% of todays profit. Will start london with less then 80 usd. Todays profit was of 352.99 Lets try to repeat again. I wonder if that asian non-believer will put his money where his mouth is.
Cool...your going to repost everything
  • #690,728
  • Edited 8:48pm Sep 11, 2012 8:12pm | Edited 8:48pm
Quoting johncen
yes thats the line I m watching..
seems break...
expectation about QE3 is high...
but u cn see gold was not moving much last night...
The problem with mt4 is that if you draw a line in a bigger TF then you have to adjust in the smaller TF, because if I do not (connecting the peak and the tough in the smaller tf) they will not mach.

Here is my 4h tf and seem has not crossed it yet.

Do you find this a problem as well? Anyone?
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"Men who can both be right and sit tight are uncommon."
  • #690,729
  • Sep 11, 2012 8:14pm Sep 11, 2012 8:14pm
Quoting SunTrader
Too busy following markets with so much going on lately.

Didn't think anyone but Almo cared though.
Hey S.T - I am still interested. Not sure if you noticed, but there are very few EW postings lately in general.
  • #690,730
  • Sep 11, 2012 8:16pm Sep 11, 2012 8:16pm
Quoting KiwiTrada
good morning peoples, where are the bears hiding, ??? im watching aussie and kiwi still, like a hawk not much interested any euro pair today until after 8pm
Good morning ,
court ruling 1h after london open ? , Aussie and kiwi not able to print any bull zone for me , eu remain above my bullzone and cable was bellow now inside but it's in not trade on my book


edit : in my view Yen move clearly showing PA moving in QE aspect
Mohan
  • #690,731
  • Sep 11, 2012 8:19pm Sep 11, 2012 8:19pm
Quoting StopGuessing
Well I use high leverage with medium equity (depending on which fib is crossed) Take a look at this video. Notice how he uses the pending order with increasing lot sizes once he stops out. That is more or less how I trade using multiple accounts once my stop loss is hit.

http://www.youtube.com/watch?v=MmTJ96tAMgs
Thank you, I will give particular attention later on. Seems a bit extreme though

One question I have though, if you are able to make 210% in a day you are also putting yourself in the position to lose 210% in a day. Is that right?
"Men who can both be right and sit tight are uncommon."
  • #690,732
  • Sep 11, 2012 8:23pm Sep 11, 2012 8:23pm
Quoting StopGuessing
I wonder if that asian non-believer .
I do not think this is fair tough.
"Men who can both be right and sit tight are uncommon."
  • #690,733
  • Sep 11, 2012 8:26pm Sep 11, 2012 8:26pm
Quoting almo
Mike...I suspect all of today's discussion likely is now in the recycle bin. Its worth a read though.
"Men who can both be right and sit tight are uncommon."
  • #690,734
  • Sep 11, 2012 8:30pm Sep 11, 2012 8:30pm
Ok, so is not just me then. Good to know.

For me weekly TL are very important, then I have go down to daily and 4h tf and adjust the TL so it matches the swings H/L because that were my entries are based in.
"Men who can both be right and sit tight are uncommon."
  • #690,735
  • Sep 11, 2012 8:32pm Sep 11, 2012 8:32pm
Quoting Mike8
Thank you, I will give particular attention later on. Seems a bit extreme though

One question I have tough, if you are able to make 210% in a day you are also putting yourself in the position to lose 210% in a day. Is that right?
That is correct. I am putting myself in a position to lose my entire account. Yet in order to do so I would have to do several things.
1) Not use any stop loss, or NOT protect my none stop loss position with a reverse account
2) I would have to be completly bias to the position which I have taken (Although because I use fibs on 1m, the distance between my entry and exit fib are around 5 points anyway which is my stop loss to begin with)

My avg % equity is 15% of my total account per position. Being that I lose 100% of my invested position with every 5 point loss. I would have to lose 30 points in one position in order to reach a margin call. I simply play the cross and recross of specific fibs. So if I became bias to entering at a specific fib, with a 5 point stop loss. The price would have to recross 6 times with a stop loss of 5 points on ever lost in order for me to be margined out. No one will be able to find a recross of a specific price even 4 times with a 5 point drawdown, so imagine seeing it happen 6 times in a row.
He who guess is LOST!
  • #690,736
  • Sep 11, 2012 8:35pm Sep 11, 2012 8:35pm
What do you mean by cross and recross?
Quoting StopGuessing
That is correct. I am putting myself in a position to lose my entire account. Yet in order to do so I would have to do several things.
1) Not use any stop loss, or NOT protect my none stop loss position with a reverse account
2) I would have to be completly bias to the position which I have taken (Although because I use fibs on 1m, the distance between my entry and exit fib are around 5 points anyway which is my stop loss to begin with)

My avg % equity is 15% of my total account per position. Being that I lose 100% of my invested position...
  • #690,737
  • Sep 11, 2012 8:39pm Sep 11, 2012 8:39pm
Quoting StopGuessing
That is correct. I am putting myself in a position to lose my entire account. Yet in order to do so I would have to do several things.
1) Not use any stop loss, or NOT protect my none stop loss position with a reverse account
2) I would have to be completly bias to the position which I have taken (Although because I use fibs on 1m, the distance between my entry and exit fib are around 5 points anyway which is my stop loss to begin with)

My avg % equity is 15% of my total account per position. Being that I lose 100% of my invested position...
Interesting.

I guess it is easier to do with smaller accounts. I think with big accounts mr Emotion has got something to say about it. But I will look at it ...It is always good to keep your ear on the ground.
"Men who can both be right and sit tight are uncommon."
  • #690,738
  • Sep 11, 2012 8:40pm Sep 11, 2012 8:40pm
Quoting attila
What do you mean by cross and recross?
Say for an example my 50 fib is at 1.28283 Once the price closes over that price, that is considered a CROSS... Say it keeps moving 7 points in that direction, All of a sudden it retraces and RECROSSES the same 50 fib. That is considered a recross. I have noticed that once your fib is crossed for the first time and gives you anything more then 5 points, The recross would usually lead to a 100.00 plus or minus fib retracement. So I use specific rules based on fibs which were recently crossed, or a failed crossed to determine where my next entry would be. That is the reason I asked the Non-Believer to review my entry points. As they reveal how accurate the entries can be when trading on 1m using fibs.
He who guess is LOST!
  • #690,739
  • Sep 11, 2012 8:42pm Sep 11, 2012 8:42pm
Quoting StopGuessing
Say for an example my 50 fib is at 1.28283 Once the price closes over that price, that is considered a CROSS... Say it keeps moving 7 points in that direction, All of a sudden it retraces and RECROSSES the same 50 fib. That is considered a recross. I have noticed that once your fib is crossed for the first time and gives you anything more then 5 points, The recross would usually lead to a 100.00 plus or minus fib retracement. So I use specific rules based on fibs which were recently crossed, or a failed crossed to determine where my next entry would...
I see.. I use something similar. I call them failures at a level.
  • #690,740
  • Sep 11, 2012 8:45pm Sep 11, 2012 8:45pm
Quoting mohan76
Good morning ,
court ruling 1h after london open ? , Aussie and kiwi not able to print any bull zone for me , eu remain above my bullzone and cable was bellow now inside but it's in not trade on my book


edit : in my view Yen move clearly showing PA moving in QE aspect
I still waiting last asian to print
Yes is mixed bag so far
eu below just 2850 2851
au kiwi above 0332 0337 / 8088 8096 (but tapped daily resist 1 eyeball)
cable below just 5993 6009 (eyebal physc 6000 still)
geppy above 125 10 125 20 (eyeball physc 125 00)

hahaha is 3 eyeballs so far some nice resist above kiwi 8193ish aussie 0450ish so watching them closely, need a leader or two, for some sort of confirmation bears are actually willing to defend
If you are new to Forex? Say Goodbye to your account!!
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