A late reply, but thanks for the welcome everyone 
Yeah I’ve definitely come to know you as a giant bear.
I’ve followed a few of your calls (after doing my own due diligence and analysis of course) and you’ve definitely given me some good ideas for entries in the past. I’ve always greatly appreciated your input.
Currently I’m mostly struggling with choppy markets and PA that returns to my B/E. Usually I place my S/L at a slight loss to start with, wait for the price to give me some breathing room, and then move my S/L to B/E. Unless I ace my entries, my B/E seems to be the perfect magnet for where prices will go in the next few hours though. And, of course, after kicking me out of my perfectly fine position, the market reverses again and leaves me behind holding a few cents of pity-profit. It’s amazingly exasperating and frustrating.
I’m tweaking myself out of that error by using bigger S/L’s and moving them to B/E only at a later time. It seems to work out ok. Shorted the spike through the 50 MA today on a 15 minute graph. I knew I had a pretty decent trade going there, but it was really annoying to get back to B/E three times in a row and then meander about aimlessly just below my entry before finally falling off the cliff I was expecting all along.
Oh and ignore all the euhm...rather colourful look of some of my technicals there. The whole juke-box look is a remnant of when I tried to trade based on a momentum system which just really didn't work out. I should really just delete them already. I usually trade on MA's, support, resistance and trendlines nowadays. Just drawing lines is remarkably effective.
http://i.imgur.com/8ZWQ7.gif
If you've been following since page 264, you should definitely know by now that I have been extremely bearish this pair since early 2011 and I still see more potential downside even below the July lows at 1.2041. So for me, when I see bullish divergence, it signals to me that I have yet another opportunity to sell a rally
I’ve followed a few of your calls (after doing my own due diligence and analysis of course) and you’ve definitely given me some good ideas for entries in the past. I’ve always greatly appreciated your input.
Currently I’m mostly struggling with choppy markets and PA that returns to my B/E. Usually I place my S/L at a slight loss to start with, wait for the price to give me some breathing room, and then move my S/L to B/E. Unless I ace my entries, my B/E seems to be the perfect magnet for where prices will go in the next few hours though. And, of course, after kicking me out of my perfectly fine position, the market reverses again and leaves me behind holding a few cents of pity-profit. It’s amazingly exasperating and frustrating.
I’m tweaking myself out of that error by using bigger S/L’s and moving them to B/E only at a later time. It seems to work out ok. Shorted the spike through the 50 MA today on a 15 minute graph. I knew I had a pretty decent trade going there, but it was really annoying to get back to B/E three times in a row and then meander about aimlessly just below my entry before finally falling off the cliff I was expecting all along.
Oh and ignore all the euhm...rather colourful look of some of my technicals there. The whole juke-box look is a remnant of when I tried to trade based on a momentum system which just really didn't work out. I should really just delete them already. I usually trade on MA's, support, resistance and trendlines nowadays. Just drawing lines is remarkably effective.
http://i.imgur.com/8ZWQ7.gif
