PA by Julexo

for the last 2 month the PA are same (down and then continue up), even the data is better or worse...
lest see if the history repeat..

anyou we have to retrace samewhere...from this up trend...just matter of time....but time is now...so far we can predicted...

PA in triangle...getting tight for price...

the fak! PA.... still not moving???

out waiting for better price...

gu -16, eu +23...
PA make me spinning... gu down n eu up...

im out...

us dollar want to test yesterday low??

For me learning how to trade has been an incredible journey. Everyone is different and everyone has a different trading style - even if they use the same system. Whatever works for someone is what they should stick with.

I agree with you that big news events force levels to materialize faster most of the time. The key is to be on the right side when it happens. I used tight stop losses too; however, one day my stop loss was hit during NFP and normally I would have been happy. Unfortunately it was a large trade and the spread widened to 83 pips.

The moral of my story is that for me personally, I would rather be flat during NFP. Don't get me wrong, I like to trade some news events but I always wait until after the release and watch what PA is doing before entering a trade. A great example of this was just last week when the RBA lowered the interest rate from 3.5 to 3.25%.

I've been around long enough to know that I will never be right 100% of the time and I'm ok with that. The key for me is consistency. I don't know anyone who has had a margin call because he took profit off the table. Have a great weekend.

Happy Trades,
fxstir

Nice. I like Jose Fuente Short Stories and Brick House.
fxstir

Thank you very much for explanation and offered support!! I'll get some questions a bit later anyway..
OK, Thread: PA by Julexo, Page n.1, let's go... )

Hello mrluckystar,

Nice post. You have a pretty good handle on what is going on. I would like to add a couple of things.

I've posted this before in case you didn't see it. A picture is worth a 1000 words:
http://stocktwits.com/message/7503146

And here may be some other pieces of the puzzle:

http://www.youtube.com/watch?v=1pRPBKJQnyU

Regards,
fxstir

fxstir,

i already start wodering if the unemployment rate last month figure is real?? or its just election campain...
how is the reallity going on at usa?

last friday after london close, dollar is stronger... push gu eu au n nu to down side...

last friday move...

bigger tf..

i see bullish divergence on H4 chart. for au n nu...

yes,theres big fight @1.3,on weekly it seems they want 1.35,it depends on how pa plays @2953 zone on h1...gu weekly has a indecision candle on my charts also,the fight is above 1.6,so i think the destination would be 1.65,next week i would pay attention to 6115 zone on 1h tf,if it breaks back above 6165 then for me is a uptrend continuation...

And here lies the problem. Is the number real? I don't know. I do know that numbers can be manipulated and your comment about the election campaign is interesting. I don't know where you live or if you saw this interview or not. There are 2 parts and it is important to watch both of them. This interview is with one of the most respected if not the most respected businessman in the US. The 2nd part of the interview is particularly disturbing. It shows just how sick our media is and how Velshi goes after Welch is an abomination. Velshi has lost all my respect and I will never watch or listen to him again. In fact I watch very little mainstream media anymore.

Interview with Jack Welch

Part 1.
http://ac360.blogs.cnn.com/2012/10/0...iref=allsearch

Part 2.
http://ac360.blogs.cnn.com/2012/10/0...iref=allsearch

The truth of the matter is, does anyone trust politicians anymore? After the great depression it took a generation to get people to trust the stock market again. It would have recovered much sooner if the politicians hadn't intervened and made things much worse. This time so many people lost much of their wealth in the stock market and in real estate. All retirees invested in GM bonds lost everything. The intervention after this last market crash is so unconscionable, so immoral and on a scale never seen before, that it may take 2 or 3 generations for the average person to trust the stock market again if ever. I think its a litter box for the big boys to play in at present with few exceptions.

Business is not improving where I live. I know so many people who are having financial trouble. Jobs that are available are low paying or part time - so companies don't have to pay for benefits like insurance, retirement etc. I know a lot of business people here and they all feel the same way I do and they are struggling to keep their business' open. Everywhere you drive here there are for rent signs on business properties and storefronts. I find it twisted that the REITs are up as high as they are.

I was in a tripple short Oil ETF when the market crashed. I was convinced oil would crash and anticipated to make a considerable profit. I was informed the ETF was closed by the govt. I received most of my investment back but that isn't the point. The point is that I did my analysis. I took the risk and my trade was ruined because of intervention. Now I am most reluctant to want to trade in what they call, "The Free Market." I know I am not alone.

We don't need more regulation, fraud is already illegal in this country. We need better regulators. Finra and the SEC were asleep at the wheel when CMOs and CDOs were created and sold. Capitalism isn't the problem; Political and corporate corruption are the problem.

I really respect Jim Rogers even if he was George Sorros partner in the very first hedge fund (Quantum). He is a polar opposite of Sorros.

September 30, 2012
Bubble Film: Video Interview

http://jimrogers-investments.blogspo...interview.html

As for trading forex, I miss the 200:1 leverage I enjoyed in the past. I miss being able to trade long and short at the same time on the same pair. I am annoyed that I can no longer close which trade I want to exit from because of the First-In-First-Out rule in the Dodd Frank Act that became law and is now known as the Wall Street Reform and Consumer Protection Act. By the way don't be fooled by the name.

I think we will likely have an economy like Japan's for at least the next 20 years - stagflation malaise.

Regards,
fxstir

mrluckystar,

Nice charts. On the USD index we already have one penetration into this supply zone. The question is will this second attempt hold?

Happy Trades,
fxstir

good mornin...

lets make money...

eu.. let balance the price...

this is the truth......