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  • #721,581
  • Nov 23, 2012 3:17pm Nov 23, 2012 3:17pm
Quoting Avir
Hello there, 8 Posts in 2009, 1 post in 2010 and 1 post / last post few mins back on a Friday after the market closed and the very first post in EURUSD nice.
I was just having my dinner and going through my trades today and zooming from weekly to 1H on my chart and i thought i just come here to say good night to all - then i found your Post and i thought, let me learn a bit more.. So i have some Questions
1."many sentiment data indicate about 60% or more traders still holding short" - whta does that mean?
2. Are these datas from your Broker?
3....
Not all sins are created equal
  • #721,582
  • Nov 23, 2012 3:48pm Nov 23, 2012 3:48pm
Quoting Avir
Hello there, 8 Posts in 2009, 1 post in 2010 and 1 post / last post few mins back on a Friday after the market closed and the very first post in EURUSD nice.
I was just having my dinner and going through my trades today and zooming from weekly to 1H on my chart and i thought i just come here to say good night to all - then i found your Post and i thought, let me learn a bit more.. So i have some Questions
1."many sentiment data indicate about 60% or more traders still holding short" - whta does that mean?
2. Are these datas from your Broker?
3....
Avir ?So your long ?? tbh i was long this morning but then i closed and took a small lot sell.. I don't see this goin up more.
You dont respect COT data ?? well sometimes its wrong ! but most of time right !!
  • #721,583
  • Nov 23, 2012 4:00pm Nov 23, 2012 4:00pm
Quoting Avir
Hello there, 8 Posts in 2009, 1 post in 2010 and 1 post / last post few mins back on a Friday after the market closed and the very first post in EURUSD nice.
I was just having my dinner and going through my trades today and zooming from weekly to 1H on my chart and i thought i just come here to say good night to all - then i found your Post and i thought, let me learn a bit more.. So i have some Questions
1."many sentiment data indicate about 60% or more traders still holding short" - whta does that mean?
2. Are these datas from your Broker?
3....

Don't want to go into much detail as I can write a big book about this market trading scam business. but I will answer your questions as in summary.
1. you can check out these site as it will provide you as of current open position of traders. some update every 30mins some update real time simply refresh web browser.
http://www.mt5.com/market_inside/for...l_trades_ratio
http://www.fxpro.co.uk/trading/accou...ader-dashboard
http://www.dukascopy.com/swiss/engli...tch/sentiment/
http://fxtrade.oanda.com/analysis/open-position-ratios
http://www.dailyfx.com/technical_analysis/sentiment/
so many more out there.
what this simply tell you is how many trader is long and how many is in short open position.
2. I did trade with many of these brokers above.
3. They dont! as no body care to look the fact. most trader lose!!! look at this chat below green and red histogram is trader position. green is number of long red is number of short. if this were to be update in real time and base on all liquidity combined you would have know where top and bottom is!
http://my.jetscreenshot.com/7899/20121124-fkhr-62kb.jpg

more of proof look at mt5 link i gave you.
http://www.mt5.com/market_inside/for...l_trades_ratio

4. Was. but not anymore

Hope this help enlight people out there.
  • #721,584
  • Nov 23, 2012 4:19pm Nov 23, 2012 4:19pm
Quoting rockon1122
Easily we could go up more to 1.3100. COT DATA, many sentiment data indicate about 60% or more traders still holding short. Market will try to hit SL with big spike before it head down as alway. remember 95% of trader lose, that include top traders.
good eyes..
  • #721,585
  • Nov 23, 2012 5:13pm Nov 23, 2012 5:13pm
Quoting rockon1122
Don't want to go into much detail as I can write a big book about this market trading scam business. but I will answer your questions as in summary.
1. you can check out these site as it will provide you as of current open position of traders. some update every 30mins some update real time simply refresh web browser.
http://www.mt5.com/market_inside/for...l_trades_ratio
http://www.fxpro.co.uk/trading/accou...ader-dashboard
http://www.dukascopy.com/swiss/engli...tch/sentiment/
http://fxtrade.oanda.com/analysis/open-position-ratios
http://www.dailyfx.com/technical_analysis/sentiment/
so...

If you succeed at getting everyone and his dog to pay intense attention to market positioning, what do you suppose the ultimate consequence will be?
  • #721,586
  • Nov 23, 2012 5:50pm Nov 23, 2012 5:50pm
Quoting Teles
If you succeed at getting everyone and his dog to pay intense attention to market positioning, what do you suppose the ultimate consequence will be?
problem is it will never be even out in position ratio of 50/50 buy/sell volume. Like I mention most dont know, or look at the fact. ask yourself how many time you blow accounts until you know what you know now. and if you are even profitable trading now(if everyone tell the truth they would say " im losing") if about 90% of trader are loser think of how much more this information will help you take position. its not a 100% guarantee but it will help you take the same side as liquidity provider and market maker as they have to take other side of the trade or trade cant be complete.
  • #721,587
  • Nov 23, 2012 6:30pm Nov 23, 2012 6:30pm
Quoting rockon1122
ask yourself how many time you blow accounts until you know what you know now. and if you are even profitable trading now(if everyone tell the truth they would say " im losing")
First, not often
Then, if everyone would say "I'm losing" what would be the point of trading? Do you simply like to defeat yourself ??

It just seeems to me that everyone should concentrate on a winning philosophy and forget about all that 90% loser shit.

Get that out of your vocabulary and trade !
When the Joker is in the deck.. fear not and play it well
  • #721,588
  • Nov 23, 2012 6:33pm Nov 23, 2012 6:33pm
Quoting Teles
If you succeed at getting everyone and his dog to pay intense attention to market positioning, what do you suppose the ultimate consequence will be?
If tommorrow's market blueprints were to lay out here for everyone and his dog to see.. 2% may agree & 3% may wait to see, while 95% will think it's a piece of dung.. that's the nature of the beast with everyone have their own bias in business & life issues.. human nature that feeds the market & make the world go around..

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  • #721,589
  • Nov 23, 2012 6:42pm Nov 23, 2012 6:42pm
Quoting Slim Buffett
d forget about all that 90% loser shit.

Get that out of your vocabulary and trade !
PS.... It's been suggested that trading is 90% psychological. It's just a subtle hint...

If you read enough of the failure crap....... what chance do you have ?????????

idk

but get over it
When the Joker is in the deck.. fear not and play it well
  • #721,590
  • Nov 23, 2012 6:53pm Nov 23, 2012 6:53pm
How was this week for you guys ? Who was able to take profit from the uptrend ?
I will become the World's best at my own style
  • #721,591
  • Nov 23, 2012 6:54pm Nov 23, 2012 6:54pm
Quoting rockon1122
problem is it will never be even out in position ratio of 50/50 buy/sell volume. Like I mention most dont know, or look at the fact. ask yourself how many time you blow accounts until you know what you know now. and if you are even profitable trading now(if everyone tell the truth they would say " im losing") if about 90% of trader are loser think of how much more this information will help you take position. its not a 100% guarantee but it will help you take the same side as liquidity provider and market maker as they have to take other...
Yeah, you're probably right, it would be more like 49/51... the point here is that volatility will collapse if you succeed at what you're toying with.

And while we're on this, let's follow the money here: who would benefit from a compression in volatility? Hmmm? Who could that be... maybe, uhhh, a broker!?? With a compressed daily price range of 20 pips on Eur/Usd, it would imply a payoff of around 5 times the existing take from spreads and commissions since you'll have to do 5 times more trades for the same money (assuming you could trade, and that it would matter to you). I think some certain brokers might like that a lot. I won't mention names because the one I have in mind advertises here. That's where following the money takes ME.

Also: MORE trades means you're gonna have to take a lot of CRAPPY trades. Oh, and there's that good ol' leverage rule... that's not good (for you anyway). For the same money, you'll have to work a lot harder and longer under riskier conditions.

So: which broker you workin' for?
  • #721,592
  • Nov 23, 2012 7:00pm Nov 23, 2012 7:00pm
Quoting Celente
Who was able to take profit from the uptrend ?

10% of traders ?? were able to profit.
When the Joker is in the deck.. fear not and play it well
  • #721,593
  • Nov 23, 2012 7:04pm Nov 23, 2012 7:04pm
Quoting Slim Buffett
10% of traders ?? were able to profit.
10% . how do you know and where you able to make profit from the uptrend. I will be honest: I lost 40 pips on the last up trend
I will become the World's best at my own style
  • #721,594
  • Nov 23, 2012 7:07pm Nov 23, 2012 7:07pm
Please someone tell me where EURO is going on Monday? Continue uptrend more or fall down?
  • #721,595
  • Nov 23, 2012 7:11pm Nov 23, 2012 7:11pm
Quoting Daytrader74
Please someone tell me where EURO is going on Monday? Continue uptrend more or fall down?
If Greece get the deal done we are going far upside, if there is no deal, It will be deception and probably another small move downward before a continuation upward ( if they keep on adding days for the deal )
I will become the World's best at my own style
  • #721,596
  • Nov 23, 2012 7:16pm Nov 23, 2012 7:16pm
Quoting Celente
If Greece get the deal done we are going far upside, if there is no deal, It will be deception and probably another small move downward before a continuation upward ( if they keep on adding days for the deal )
Fuck, I have 5 full lots short from 127.50 what should I do??
  • #721,597
  • Edited 7:48pm Nov 23, 2012 7:36pm | Edited 7:48pm
Quoting Daytrader74
Fuck, I have 5 full lots short from 127.50 what should I do??
um, cut your losses and follow price action.. one other thing, always give yourself a way out of a trade. it really doesn't matter if its a loss or profit as long as it makes sense. generally speaking, if you set a short term goal everyday it will add up in the end. (i trade 4hr charts, so most of my profit taking is 50-60 pips a day)

good luck...

p.s.

5 lots is a lot.. um, which pair are you using? 127.50 very good long entry on gbp jpy pair.. why would you go short? also, the eurusd 1.2750 again was good for a long as well. i entered long at 1.2800 and exit at 1.2970 with 5 lots.. that's 165 pips and that's roughly 6 grand...
  • #721,598
  • Nov 23, 2012 7:46pm Nov 23, 2012 7:46pm
Quoting Daytrader74
Fuck, I have 5 full lots short from 127.50 what should I do??
optimism is what pushed the Euro up this week. If the deal get thru, you r fucked. If the deal doenst get thru, we are likely to go up slightly before we get the bad news.

So what is important is how will you trade those news. Are you willing to be exposed to the incertainty or are you sure that the market will go down. I personnaly prefer to stay out of that kind of market but this is a personal opinion.
I will become the World's best at my own style
  • #721,599
  • Nov 23, 2012 7:47pm Nov 23, 2012 7:47pm
I only made 2% this week with mostly longs and a few shorts. Slow week and thin market, plus holiday week in USA.

Quoting Celente
How was this week for you guys ? Who was able to take profit from the uptrend ?
  • #721,600
  • Nov 23, 2012 7:52pm Nov 23, 2012 7:52pm
Quoting Celente
optimism is what pushed the Euro up this week. If the deal get thru, you r fucked. If the deal doenst get thru, we are likely to go up slightly before we get the bad news.

So what is important is how will you trade those news. Are you willing to be exposed to the incertainty or are you sure that the market will go down. I personnaly prefer to stay out of that kind of market but this is a personal opinion.
Oh so I'm going to be toast and totally screwed on Monday morning?? I'm already few thousand under water and if this mother facker keeps going up my account will blow
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