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  • #711,421
  • Oct 25, 2012 5:28am Oct 25, 2012 5:28am
Quoting Pipfull
considering new lows...
after its retrace to about 1.3022 now we may have some new lows below 1.29200 and the target may be around 1.27999
I think this morning's upward push was just to shake the tree, and I agree with your view on the longer term outlook being negative for euro before any serious recovery
  • #711,422
  • Oct 25, 2012 5:30am Oct 25, 2012 5:30am
Okay, well my 1st entry seems to be support... LOL... stopped out at break even.

2nd entry @ 1.3006 after low volume decline. Same drill as last time...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_entry_2_25th_oct_2012.png Size: 52 KB
  • #711,423
  • Oct 25, 2012 5:36am Oct 25, 2012 5:36am
Quoting wiseambition
I think this morning's upward push was just to shake the tree, and I agree with your view on the longer term outlook being negative for euro before any serious recovery
yes.and if you see my last forecast(yesterday) you could get some profit shaking the tree.you are right about serious recovery,I think any body wanting to go long for a long term must wait for the serious recovery which's not yet emerged.
There is no randomness. It is just Chaos, a higher form of order.
  • #711,424
  • Oct 25, 2012 5:39am Oct 25, 2012 5:39am
longs have poor r/r atm.. I can't short either so I guess I'll wait.
  • #711,425
  • Oct 25, 2012 5:42am Oct 25, 2012 5:42am
Quoting Pipfull
considering new lows...
after its retrace to about 1.3022 now we may have some new lows below 1.29200 and the target may be around 1.27999

good news... hope this happens..
  • #711,426
  • Oct 25, 2012 5:50am Oct 25, 2012 5:50am
Quoting attila
longs have poor r/r atm.. I can't short either so I guess I'll wait.
this is art

everyday still battling with this...

heard that truck drivers hit their fingers to the steering wheel not to sleep...tryed that also. bought myself one steering wheel
  • #711,427
  • Oct 25, 2012 5:52am Oct 25, 2012 5:52am
Still no trade for me today in this pair, especially after taking profit from the GBP spike. No point getting involved in stop hunting
  • #711,428
  • Oct 25, 2012 5:54am Oct 25, 2012 5:54am
Quoting 21vs7

still hold :
aj s
ej s
ac s
audcad closed for +16
  • #711,429
  • Oct 25, 2012 5:56am Oct 25, 2012 5:56am
Quoting 21vs7
this is art

everyday still battling with this...

heard that truck drivers hit their fingers to the steering wheel not to sleep...tryed that also. bought myself one steering wheel
You kind of have to plan ahead of time.. If the plan doesn't pan out, it means you are wrong to begin with, so why trade? Make another plan... My line in the sand for shorts was a failure at 25. I didn't get it. The long didn't get anywhere,so now I need another plan based on what's going to print...
  • #711,430
  • Oct 25, 2012 5:57am Oct 25, 2012 5:57am
Quoting the redlion
I think you will become a better trader when you stop seeing it as a fragmented market....

there are no time frames.....just price

i hear lately many experienced traders saying that. i am not in a position to criticize them, maybe they are so knowledgeable that do not need TF. however, for an average Joe like me, time is important, it gives me some precious info about the momentum, the speed of the rise and fall, it will tell me the angle of rise and fall. how long it took to go up x points, and how long it took to fall y points. market price is not just a long bar where you see price going up and coming down.
As Above, So Below
  • #711,431
  • Oct 25, 2012 6:00am Oct 25, 2012 6:00am
Quoting 21vs7
this is art

everyday still battling with this...

heard that truck drivers hit their fingers to the steering wheel not to sleep...tryed that also. bought myself one steering wheel
btw, one of my rules right there at the top is I always take the second signal. Never the first. If I only get one, then it goes without me.
  • #711,432
  • Oct 25, 2012 6:02am Oct 25, 2012 6:02am


Quoting attila
btw, one of my rules right there at the top is I always take the second signal. Never the first.
  • #711,433
  • Oct 25, 2012 6:05am Oct 25, 2012 6:05am
Quoting attila
You kind of have to plan ahead of time.. If the plan doesn't pan out, it means you are wrong to begin with, so why trade? Make another plan... My line in the sand for shorts was a failure at 25. I didn't get it. The long didn't get anywhere,so now I need another plan based on what's going to print...
meaning close of 4h and daily...and some fundy kicking in?

______________
tell me bout the entry..how do u handle that...

you look at 25 moving or u have order? you stiill have room to add or u are fullsize in
  • #711,434
  • Oct 25, 2012 6:06am Oct 25, 2012 6:06am
Quoting attila
btw, one of my rules right there at the top is I always take the second signal. Never the first. If I only get one, then it goes without me.
damn

u answered mine second Q bout the entry

  • #711,435
  • Oct 25, 2012 6:10am Oct 25, 2012 6:10am
Quoting the redlion
I do not see why this pair should necessarily go higher....as it stands its gained
.31% ...that is within one standard deviation of returns.

If you are looking to take your profits for the day then this would be a safe area...84% of returns is encompassed at sigma one.

however if you are going to turn this into a swing trade...i suggest you adjust your position size now... it has potential to reach around 31 realistically by months end
You seem to have studied theory of finance and math.

Self i am not using Greeks on option/stocks/futures trading or any mathematical model i could rely on.

I only using spread technique, comparing different markets breakouts/price levels and different broker volumes to "exploit" weaknesses and trying to profit.

Looks like 65/70 is on play again.

Timing is really important when it comes algotrading.
They think they are smarter than I am.
  • #711,436
  • Oct 25, 2012 6:10am Oct 25, 2012 6:10am
Quoting attila
btw, one of my rules right there at the top is I always take the second signal. Never the first. If I only get one, then it goes without me.

What a gem of a quote that is , its took me three years to understand the significance of this.
  • #711,437
  • Oct 25, 2012 6:11am Oct 25, 2012 6:11am
Quoting tashkent
i hear lately many experienced traders saying that. i am not in a position to criticize them, maybe they are so knowledgeable that do not need TF. however, for an average Joe like me, time is important, it gives me some precious info about the momentum, the speed of the rise and fall, it will tell me the angle of rise and fall. how long it took to go up x points, and how long it took to fall y points. market price is not just a long bar where you see price going up and coming down.
Time Frames are OHLC candles that are artificially made depending on the time used in your platform.

momentum, displacement, velocity, range, volatility of course are important....
What I mean is that looking at a 1 minute or tick, 5 minute or Hour you should be able to look at the same picture.
AVT INVENIAM VIAM AVT FACIAM
  • #711,438
  • Oct 25, 2012 6:13am Oct 25, 2012 6:13am
here is what I mean

http://www.forexfactory.com/showthread.php?t=351154
AVT INVENIAM VIAM AVT FACIAM
  • #711,439
  • Oct 25, 2012 6:14am Oct 25, 2012 6:14am
Quoting 21vs7
meaning close of 4h and daily...and some fundy kicking in?

______________
tell me bout the entry..how do u handle that...

what about entry...you look at 25 moving or u have order? you stiill have room to add or u are fullsize in
no.... just based on my intraday charts.. for a long now, I would like the price to go back up above 3002.. or below 79 and back up (this one is a higher tf, so that would take some time).. it's all levels/pa and a couple of other things..

here the 25 that was not touched (highest intraday chart).. My levels rarely fail as you can see (these have been there forever, they do change but very slightly.. only the minor ones). Also note the long lower shadows on the previous candles right off 34.. That's why I can't short this thing (one of the reasons)..

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
  • #711,440
  • Oct 25, 2012 6:17am Oct 25, 2012 6:17am
http://www.forexfactory.com/attachme...6&d=1316869005

http://www.forexfactory.com/attachme...7&d=1316869005

http://www.forexfactory.com/attachme...8&d=1316869030

http://www.forexfactory.com/attachme...1&d=1316807900
AVT INVENIAM VIAM AVT FACIAM
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