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  • #54,721
  • Oct 24, 2012 7:53pm Oct 24, 2012 7:53pm
Quoting sidhujag
see m5 FOMC, just reading PA dont care to look at EMA's you can look at an M1 and figure out where strength is.. i'm calling it like it is.


Infact was looking at the TICK chart and noticed a big order at the exact low of gold... saw that it tested it slowly and then ticked up... about 5 mins before the news... that low was never touched again... usually happens everyday if you know what to look for... just hard to get yourself to get in on it because you don't know if its buying or selling at the time.
Oh... M1 and M5.... im looking at Daily and boy i dont give a fuck for a 7 dollar thrust candle up Gold is still bearish down to 1660, as long as it hasnt reach it, nothing interesting to me.... surely not a 7 dollar thrust up during asia...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #54,722
  • Oct 24, 2012 7:53pm Oct 24, 2012 7:53pm
Quoting 100PipsADay
Starting to regret closing out my AUD/JPY longs!

I let all this "bear talk" influence my trades! LOL

DUDE!! we talked about this brah

Quoting 100PipsADay
I'm actually thinking AUD/USD could shoot up to 1.05 - 1.06 one last time before making its move down to .96 area later this year.

However, I am only long AUD/JPY so my targets are 88.00 for my long positions.

Short E/A and G/A as well.

Last I checked we werent @ 88.00 yet...
  • #54,723
  • Oct 24, 2012 7:54pm Oct 24, 2012 7:54pm
Quoting sidhujag
but whyyyyyyyyyyyyyyyyyy lol its ok... atleast u had green
Yea I know.... No regrets! LOL
  • #54,724
  • Oct 24, 2012 7:54pm Oct 24, 2012 7:54pm
Quoting fxtyrant
Oh... M1 and M5.... im looking at Daily and boy i dont give a fuck for a 7 dollar thrust candle up Gold is still bearish down to 1660, as long as it hasnt reach it, nothing interesting to me.... surely not a 7 dollar thrust up during asia...
the thrust happened during news so it is relevent.. like I said you have to start taking the time element out of your mind because it doesnt matter when a big dog comes out to play he doesnt care if your looking at the weekly or monthly... all he cares about is gettign in at an extreme and getting out at the other.
  • #54,725
  • Oct 24, 2012 7:56pm Oct 24, 2012 7:56pm
Quoting Wulfgar
DUDE!! we talked about this brah




Last I checked we werent @ 88.00 yet...
Hahaha, I know! Didn't want to chance it so I locked in my profit. The 10 trillion Yen BOJ stimulus package (rumor) is still up in the air but if they go through with it I will definitely look to go long again. OR, if USD/JPY breaks the weekly trend line at 80.40 I will look to go long for the long term.
  • #54,726
  • Oct 24, 2012 7:57pm Oct 24, 2012 7:57pm
Quoting 100PipsADay
Yea I know.... No regrets! LOL
Dont regret it... but LEARN from it...

You need to learn to trust YOUR analysis.... dont let anyone else sway you... ever

Trust me on this
  • #54,727
  • Oct 24, 2012 8:00pm Oct 24, 2012 8:00pm
Quoting Wulfgar
Dont regret it... but LEARN from it...

You need to learn to trust YOUR analysis.... dont let anyone else sway you... ever

Trust me on this
Yea I agree, this is the most important aspect of trading, the psychological side of it.
  • #54,728
  • Oct 24, 2012 8:00pm Oct 24, 2012 8:00pm
Quoting sidhujag
the thrust happened during news so it is relevent.. like I said you have to start taking the time element out of your mind because it doesnt matter when a big dog comes out to play he doesnt care if your looking at the weekly or monthly... all he cares about is gettign in at an extreme and getting out at the other.
Actually he cares..... Big dog still has a limit... he can only buy as much as the amount he can afford... and when you have the whole market placing orders to keep you down... a big dog cannot come in to Buy the market up alone....

And Trendline Shows Exacly where these orders are that would Contain a big dog movement who tries to push up from the lows....

So sidhujag, perhaps you will not agree with me on this... But when a trend is set, market respects it be it if a big dog comes in or not.... big dogs will still find a hard time to Fight against a well established trendline....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #54,729
  • Oct 24, 2012 8:00pm Oct 24, 2012 8:00pm
Quoting Wulfgar
Dont regret it... but LEARN from it...

You need to learn to trust YOUR analysis.... dont let anyone else sway you... ever

Trust me on this
I second that big time. I learnt the hard way.
FF journal: Peaks and Troffs
  • #54,730
  • Oct 24, 2012 8:44pm Oct 24, 2012 8:44pm
Quoting maximinus
You don't have to apologize. Your post make sense to me.
Yes I'm a day trader with a penchant for scalps.
What is annoying me and I'm trying unsuccessfully to correct is the following fact. Every day I give back to the market, at least 30 % of my profits. I want to correct this, but don't know how to do it? Yesterday, at LO+NY session I was @ +220 and I knew that was the max profit that I can have for the day, and guess what ? I closed all position with only +120 few minutes after Lo close. that's is very
Personally I think it comes back to you need to take risks to profit. Those risks come into play whether it's at opening of the trade or when you are already in front eg if 100 pips in front still need to risk some or all of that if you want to get to 200 or 500 pips. Beating yourself up for giving some back is self defeating, none of us knows 100% when it is the top or bottom. Have a plan and follow it - at least then you will be consistent. Part of my plan TRYS to have several positions so that some can be held for longer term, some can be closed at support / resistance points for shorter term profits, looking to reload on pullback but not missing out entirely if just keeps going because of the other positions. Each to his or her own.
Hope for the best, prepare for the worst.
  • #54,731
  • Oct 24, 2012 9:02pm Oct 24, 2012 9:02pm
Quoting fxtyrant
Actually he cares..... Big dog still has a limit... he can only buy as much as the amount he can afford... and when you have the whole market placing orders to keep you down... a big dog cannot come in to Buy the market up alone....

And Trendline Shows Exacly where these orders are that would Contain a big dog movement who tries to push up from the lows....

So sidhujag, perhaps you will not agree with me on this... But when a trend is set, market respects it be it if a big dog comes in or not.... big dogs will still find a hard time to Fight...
True that... but trends usually start and end during well anticipated news events. FOMC and NFP are examples of this and RBA rate decision is one for the AUD. How are your shorts? I do see a market correction coming in a big way... but I hope it dont cause it will be a big crash if it does... hopefully it wont be so cause im waiting for higher prices.
  • #54,732
  • Oct 24, 2012 9:16pm Oct 24, 2012 9:16pm
there is our break... now lets see if we can get some consolidation and a retest to go on up to the 1.0395/1.0410 level...

OR

If price gets rejected/engulfed and pins out with some substantial closes under the 1.0351...
  • #54,733
  • Oct 24, 2012 9:56pm Oct 24, 2012 9:56pm
rr long from 55 or rr short from 76. lets see
  • #54,734
  • Oct 24, 2012 10:55pm Oct 24, 2012 10:55pm
umm hey, I think I have a problem here technically.

I use MA10, MA48, and MA100 on my AUD/USD chart.
the point is, MA48, and MA10 aren't strong guard line. price always breaks it.

i want to know, what MAs all you people use here?

a little your help would help me a lot.

thank you...
  • #54,735
  • Oct 24, 2012 10:58pm Oct 24, 2012 10:58pm
Quoting sidhujag
rr long from 55 or rr short from 76. lets see
55 it is tight sl
  • #54,736
  • Oct 24, 2012 11:20pm Oct 24, 2012 11:20pm
Quoting sidhujag
55 it is tight sl
What's your target?
  • #54,737
  • Oct 25, 2012 12:48am Oct 25, 2012 12:48am
Quoting 100PipsADay
What's your target?
1.05
  • #54,738
  • Oct 25, 2012 12:53am Oct 25, 2012 12:53am
Quoting sidhujag
1.05
2 pip risk for 145 gain 72.5 rr
  • #54,739
  • Oct 25, 2012 12:55am Oct 25, 2012 12:55am
Quoting sidhujag
2 pip risk for 145 gain 72.5 rr
Nice!
  • #54,740
  • Oct 25, 2012 12:56am Oct 25, 2012 12:56am
Quoting mas_iyoo
umm hey, I think I have a problem here technically.

I use MA10, MA48, and MA100 on my AUD/USD chart.
the point is, MA48, and MA10 aren't strong guard line. price always breaks it.

i want to know, what MAs all you people use here?

a little your help would help me a lot.

thank you...
you pick any MA between 1 and 1000 and it's going to be hit at some time or another. 50,100 and 200 are the biggies. They are big because a lot of traders use them, they become a self fulfilling prophecy.Do you use ema, simple, weighted? I still have them on some of my charts. Some people use fib numbers for their MAs. I think you are better off drawing horizontal lines, not channels, and put your stops above/beneath them. Just my 2 pips
FF journal: Peaks and Troffs
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