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  • #55,141
  • Edited 1:35pm Oct 29, 2012 1:18pm | Edited 1:35pm
so what is sidhujag posting now? insults at me??
cant really care at all, just gona trade what i see and what the chart tells me.
btw i can see Sidhujag posting, but i dont see what hes posting anymore
So much quieter too guess i need to be proactive with the ignore list...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,142
  • Oct 29, 2012 1:55pm Oct 29, 2012 1:55pm
Quoting maximinus
Hello all,
I missed my target of the day by 50$. I fullfilled the target for LO morning session, but failed to fullfil at Lo PM session. Target is 150$ for Lo morning and 150 for LO evening and Ny full session.
The reason of fail is that I was glued to my cj long. I should have exited it, and hunt for another pair, ie GJ was a good one, but when I saw it, it was late for taking a position.
The question is, do you think it's unrealistic or too high to target 300$ for 3 sessions being given that for now I don't want to increase the risk with more...
Just be happy with what the market gives you. Some days it could be more other days less. Atleast you making money.
  • #55,143
  • Oct 29, 2012 2:47pm Oct 29, 2012 2:47pm
Quoting Pipage
Just be happy with what the market gives you. Some days it could be more other days less. Atleast you making money.
Of course I'm happy . But if you are happy at what you are doing and you don't look to improve you risk to decline.
Desensitize, he said, you know who of course.
I'd say have a scientifical approach, even if trading is not an exact science. If you concluded (by your past experience or anything else) that by doing one thing you get one result, and if you don't get that result, you have to ask why and research what to do for correcting this, to be accurate. I'm not complaining, I try to give some positiv impulse in this thread.
Don't be smart. Be rich.
  • #55,144
  • Oct 29, 2012 3:17pm Oct 29, 2012 3:17pm
Quoting fxtyrant
so what is sidhujag posting now? insults at me??
cant really care at all, just gona trade what i see and what the chart tells me.
btw i can see Sidhujag posting, but i dont see what hes posting anymore
So much quieter too guess i need to be proactive with the ignore list...
Hahaha weak mind will yield weak results... I don't bother with ignore unless the person is being annoying.. but some don't take constructive criticism well.. I guess it comes with age as when you are young its a learning process.

Gluck!
  • #55,145
  • Oct 29, 2012 3:39pm Oct 29, 2012 3:39pm
Tapped YTD HI/LO 618% (80.46) As the markets are closed this could break through if we open up on Wednesday at these levels EUR AUD could continue to slide.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-29-TOS_CHARTS.jpg Size: 124 KB
  • #55,146
  • Oct 29, 2012 4:42pm Oct 29, 2012 4:42pm
More and more retail traders now shorting AUD/USD according to Oanda and Etoro position ratios...

Might be a good time for the Big Boys to take out all of the lemmings through a short squeeze!
  • #55,147
  • Oct 29, 2012 4:49pm Oct 29, 2012 4:49pm
Quoting 100PipsADay
More and more retail traders now shorting AUD/USD according to Oanda and Etoro position ratios...

Might be a good time for the Big Boys to take out all of the lemmings through a short squeeze!

The more reason price will go up. Retail investor are usually preyed upon...

Olu
If you think you can or cannot do it you are correct
  • #55,148
  • Oct 29, 2012 4:52pm Oct 29, 2012 4:52pm
Quoting Olu
The more reason price will go up. Retail investor are usually preyed upon...

Olu
Agreed! There is an almost perfect divergence between market price and retail traders' positions.

http://fxtrade.oanda.co.uk/analysis/...ical-positions
  • #55,149
  • Oct 29, 2012 4:53pm Oct 29, 2012 4:53pm
Quoting 100PipsADay
More and more retail traders now shorting AUD/USD according to Oanda and Etoro position ratios...

Might be a good time for the Big Boys to take out all of the lemmings through a short squeeze!
Actually the ppl longing should be the one to be careful..... Because yes current market position is net short, but when net short positions get cut and positions go back to net long, that transition means AUDUSD falls.... Use this chart
http://fxtrade.oanda.co.uk/analysis/...ical-positions
Take audusd, 1week and net long-short % position, be careful how you guys interpret market sentiment....
Because, when retail market is in net short, they are likely going to cut short or turn bak to net long, soooo if that happens in the retail market, it means time to short this shit out
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,150
  • Oct 29, 2012 4:53pm Oct 29, 2012 4:53pm
Hey all

Im fairly new to trading and dont understand all of the terminology just yet so please be patient with me

Ive bought at 1.0363 with a SL rate at 1.0320 and a TP rate at 1.0395.

Obviously its pretty close to my SL rate right now, so Im wondering weather i should just close now and minimize my loss or just stick it out?
  • #55,151
  • Oct 29, 2012 4:55pm Oct 29, 2012 4:55pm
Quoting fxtyrant
Actually the ppl longing should be the one to be careful..... Because yes current market position is net short, but when net short positions get cut and positions go back to net long, that transition means AUDUSD falls.... Use this chart
http://fxtrade.oanda.co.uk/analysis/...ical-positions
Take audusd, 1week and net long-short % position
I am looking at that chart. But not at the weekly...

I'm looking at monthly and yearly! Looking good for long positions to me on a historical view Tyrant.
  • #55,152
  • Oct 29, 2012 4:57pm Oct 29, 2012 4:57pm
When looking at the charts more and more retailers tend to short a pair as price moves higher and higher.

Once long positions are at an "extreme" low then market price tends to start moving down and retailers start longing it. The Divergence is very clear man...
  • #55,153
  • Oct 29, 2012 4:58pm Oct 29, 2012 4:58pm
Quoting 100PipsADay
I am looking at that chart. But not at the weekly...

I'm looking at monthly and yearly! Looking good for long positions to me on a historical view Tyrant.
Monthly and yearly is way way too long term for my liking to trade with...
Besides, all im aiming in audusd is 0.95 area as seen on weekly chart, not on monthly nor yearly
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,154
  • Oct 29, 2012 4:59pm Oct 29, 2012 4:59pm
Quoting fxtyrant
Actually the ppl longing should be the one to be careful..... Because yes current market position is net short, but when net short positions get cut and positions go back to net long, that transition means AUDUSD falls.... Use this chart
http://fxtrade.oanda.co.uk/analysis/...ical-positions
Take audusd, 1week and net long-short % position, be careful how you guys interpret market sentiment....
Because, when retail market is in net short, they are likely going to cut short or turn bak to net long, soooo if that happens in the retail...
You forgot to mention that positions tend to hit "extreme" highs / lows BEFORE position ratios start to change direction. That is the most important aspect when looking at these charts.
  • #55,155
  • Oct 29, 2012 5:00pm Oct 29, 2012 5:00pm
Quoting fxtyrant
Monthly and yearly is way way too long term for my liking to trade with...
Besides, all im aiming in audusd is 0.95 area as seen on weekly chart, not on monthly nor yearly
Monthly and Yearly positions are important when using the Oanda widget. Weekly is not as important. You need to look at divergence and extreme high / low position ratios.
  • #55,156
  • Oct 29, 2012 5:01pm Oct 29, 2012 5:01pm
Quoting 100PipsADay
You forgot to mention that positions tend to hit "extreme" highs / lows BEFORE position ratios start to change direction. That is the most important aspect when looking at these charts.
No it doesnt have to reach extremes, for me i see audusd positions range bound between 60%long40%short and 40%long60%short
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,157
  • Oct 29, 2012 5:05pm Oct 29, 2012 5:05pm
Quoting fxtyrant
No it doesnt have to reach extremes, for me i see audusd positions range bound between 60%long40%short and 40%long60%short
Well then 60% and 40% are the "extremes" for this particular currency pair and that is when the most divergence between open positions and market price occurs. So we are now moving to the "extreme" low for long positions which, history tells us, is when market price tends to move up.

Hope that makes sense...
  • #55,158
  • Oct 29, 2012 5:05pm Oct 29, 2012 5:05pm
Quoting 100PipsADay
Monthly and Yearly positions are important when using the Oanda widget. Weekly is not as important. You need to look at divergence and extreme high / low position ratios.
Lol, buddy... I was the one to introduce you to the oanda market sentiment about 3 weeks back, so stop trying to come across as if you know more than i do on this subject.... When you added that widget to the website link in the signature of yours, i was the one to show you that....
In fact even i dont dare say i truly grasped the market sentimental trading, as theres too many contradictions to it, not saying you dont understand, but you cannot dismiss people by saying weekly isnt important when it does...

And yes it does make sense onthe 6040 and 4060, but all im saying is bulls got to watch out this week....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,159
  • Oct 29, 2012 5:09pm Oct 29, 2012 5:09pm
there is a higher chance you will get stopped.


Quoting keiichi2
Hey all

Im fairly new to trading and dont understand all of the terminology just yet so please be patient with me

Ive bought at 1.0363 with a SL rate at 1.0320 and a TP rate at 1.0395.

Obviously its pretty close to my SL rate right now, so Im wondering weather i should just close now and minimize my loss or just stick it out?
  • #55,160
  • Oct 29, 2012 5:10pm Oct 29, 2012 5:10pm
Quoting fxtyrant
Lol, buddy... I was the one to introduce you to the oanda market sentiment about 3 weeks back, so stop trying to come across as if you know more than i do on this subject.... When you added that widget to the website link in the signature of yours, i was the one to show you that....
In fact even i dont dare say i truly grasped the market sentimental trading, as theres too many contradictions to it, not saying you dont understand, but you cannot dismiss people by saying weekly isnt important when it does...

And yes it does make sense onthe 6040...
OK. I apologize Tyrant... I won't talk about things I don't understand. Thanks for correcting me buddy.
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