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  • #11,761
  • Oct 28, 2012 10:41am Oct 28, 2012 10:41am
Everyone have the right to forecast, but dont believe in that.

Trade as per your system with discipline.

This is the mantra I learnt over the years.

You might be having a system which says bullish or bearish in a particular time frame, then you might be having a system where to enter and exit right?

Trade accordingly.

Whenever I did not trade with discipline according to my system I loose.

When I back test, I come to know what mistake I did.
Intraday only.
  • #11,762
  • Oct 28, 2012 10:51am Oct 28, 2012 10:51am
Quoting navk
Everyone have the right to forecast, but dont believe in that.

Trade as per your system with discipline.

This is the mantra I learnt over the years.

You might be having a system which says bullish or bearish in a particular time frame, then you might be having a system where to enter and exit right?

Trade accordingly.

Whenever I did not trade with discipline according to my system I loose.

When I back test, I come to know what mistake I did.
Agree. It is true whenever I didn't follow my own system patiently I got into the trouble.
daddybearforex. com
  • #11,763
  • Oct 28, 2012 11:00am Oct 28, 2012 11:00am
The historic storm Sandy is going to hit the US East Coast very hard. NYC is going to suspend its mass transportation system tonight. This may disturb this financial center in the coming two days at least.

Last week, I was discussing a potential disaster with maximmm. We did not know what and when it would happen. Unfortunately, it happens so fast. Don't know what impact this storm will impose on the Aussie in the coming days.
daddybearforex. com
  • #11,764
  • Oct 28, 2012 11:09am Oct 28, 2012 11:09am
Quoting navk
Everyone have the right to forecast, but dont believe in that.

Trade as per your system with discipline.

This is the mantra I learnt over the years.

You might be having a system which says bullish or bearish in a particular time frame, then you might be having a system where to enter and exit right?

Trade accordingly.

Whenever I did not trade with discipline according to my system I loose.

When I back test, I come to know what mistake I did.
great advise....
anyone can analyze but it is YOURSELF who will execute and only you can pull the trigger to enter or exit.....
only listen to yourself as the rest are noise and only noise that will make you confused.
Wooooohooooo or Boooooohooooo
  • #11,765
  • Oct 28, 2012 11:32am Oct 28, 2012 11:32am
It is easier said than done , but learnt to follow discipline.

My system works, in all time frames, in smaller time frames, too many entries and exits, but still I love it.

On the other day daddybear knew what I said.

I missed my short entry in 15 min TF in AUDUSD at 1.0340 but then the whole thing reversed now reaching its resistance 1.0400 level !
Intraday only.
  • #11,766
  • Oct 28, 2012 11:34am Oct 28, 2012 11:34am
Quoting navk
It is easier said than done , but learnt to follow discipline.

My system works, in all time frames, in smaller time frames, too many entries and exits, but still I love it.

On the other day daddybear knew what I said.

I missed my short entry in 15 min TF in AUDUSD at 1.0340 but then the whole thing reversed now reaching its resistance 1.0400 level !
What does your system tell you now?
daddybearforex. com
  • #11,767
  • Oct 28, 2012 11:36am Oct 28, 2012 11:36am
If you follow an analyst's view and trade, most probably you loose.

They may analyse and say in weekly or monthly time frame.

Are you weekly or monthly time frame trader? Ask question to yourself.

If you follow 15 min time frame and Intra day trader, most probably you loose by following the analyst view. !
Intraday only.
  • #11,768
  • Oct 28, 2012 11:38am Oct 28, 2012 11:38am
Quoting DaddyBear
What your system tells you now?
I will trade according to my system. I do not want to confuse others, just see my earlier post.
Intraday only.
  • #11,769
  • Oct 28, 2012 11:47am Oct 28, 2012 11:47am
Quoting navk
If you follow an analyst's view and trade, most probably you loose.

They may analyse and say in weekly or monthly time frame.

Are you weekly or monthly time frame trader? Ask question to yourself.

If you follow 15 min time frame and Intra day trader, most probably you loose by following the analyst view. !
My view is that if the higher TF is bearish then it's better trade accordingly in the lower TF.
daddybearforex. com
  • #11,770
  • Oct 28, 2012 11:48am Oct 28, 2012 11:48am
Quoting navk
I will trade according to my system. I do not want to confuse others, just see my earlier post.
I was not asking your entry level but the direction.
daddybearforex. com
  • #11,771
  • Oct 28, 2012 11:52am Oct 28, 2012 11:52am
Quoting navk
I will trade according to my system. I do not want to confuse others, just see my earlier post.
Is your system available in the market or is it customized?
daddybearforex. com
  • #11,772
  • Oct 28, 2012 12:10pm Oct 28, 2012 12:10pm
Quoting DaddyBear
The historic storm Sandy is going to hit the US East Coast very hard. NYC is going to suspend its mass transportation system tonight. This may disturb this financial center in the coming two days at least.

Last week, I was discussing a potential disaster with maximmm. We did not know what and when it would happen. Unfortunately, it happens so fast. Don't know what impact this storm will impose on the Aussie in the coming days.

Hmm.... I looked at the impact of Katrina/Irene on Aud - During Katrina, Aud rose quite a bit. It also rose during Irene - in each case, Aud fell a bit later - but in this case the upcoming drop might as well be, or should be, attributed to elections, rather than the hurricane.
  • #11,773
  • Oct 28, 2012 12:21pm Oct 28, 2012 12:21pm
Quoting maximmm
Hmm.... I looked at the impact of Katrina/Irene on Aud - During Katrina, Aud rose quite a bit. It also rose during Irene - in each case, Aud fell a bit later - but in this case the upcoming drop might as well be, or should be, attributed to elections, rather than the hurricane.
Let me put it this way. Time will tell.
daddybearforex. com
  • #11,774
  • Oct 28, 2012 12:25pm Oct 28, 2012 12:25pm
I have customized system, It says :

1) weekly is weak bullish.
2) Daily is weak bearish.
3) 4hr and below is bullish.

The resistance is 1.0410.

If that area breaks need to review again.
Intraday only.
  • #11,775
  • Oct 28, 2012 12:30pm Oct 28, 2012 12:30pm
1 minute chart turned bullish at 1.0367.

5 minute turned bullish at 1.0358.

15 minute turned bullish at 1.0332.
Intraday only.
  • #11,776
  • Oct 28, 2012 12:48pm Oct 28, 2012 12:48pm
Quoting DaddyBear
My view is that if the higher TF is bearish then it's better trade accordingly in the lower TF.
I do not agree with this statement fully.

The entries made in every time frame has its own potential.

See my previous post.

The daily is bearish, but 4 hr and below is bullish.

Had I entered according to 15 min TF my entry would be 1.0335 and exit would be in between 1.0360/80. 25 to 45 pips !!

How about this ?
Intraday only.
  • #11,777
  • Oct 28, 2012 1:14pm Oct 28, 2012 1:14pm
Quoting navk
I have customized system, It says :

1) weekly is weak bullish.
2) Daily is weak bearish.
3) 4hr and below is bullish.

The resistance is 1.0410.

If that area breaks need to review again.
Breach of 1.041 will most likely lead AUD to test 1.06
  • #11,778
  • Oct 28, 2012 1:26pm Oct 28, 2012 1:26pm
According to my system it says :

1.0500, 1.0610, 1.0850.

These levels need not be hit.

In can turn back too. Have an exit system.
Intraday only.
  • #11,779
  • Oct 28, 2012 3:32pm Oct 28, 2012 3:32pm
Today we may see a weekend gap down. At least judging from current price movements.
  • #11,780
  • Oct 28, 2012 4:05pm Oct 28, 2012 4:05pm
never mind - prior to market open, price always jumps wildly on Sunday.
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