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Still Basketting

  • #2,061
  • Nov 30, 2012 1:03am Nov 30, 2012 1:03am
Quoting Kosomolate
is the entry by instinct or some tools?

kos
Just one more indicator mate. I am not too certain about it's workings but it helped me in the last 2 trades on the hourly chart. Tried my first entry this morning on the 15m chart.
Faith with Action
  • #2,062
  • Nov 30, 2012 1:06am Nov 30, 2012 1:06am
Quoting hinnavaru
Just one more indicator mate. I am not too certain about it's workings but it helped me in the last 2 trades on the hourly chart. Tried my first entry this morning on the 15m chart.
Can u show us that indicator - even we can try out that one .

thank you
  • #2,063
  • Nov 30, 2012 1:14am Nov 30, 2012 1:14am
UJ is headed back up...i am watching to see if it gets to its recent high or if we are going to have a double top...it looks like "big money" is trying to ensure a month-end close above 1.3..(EU)...happy pipin
It is possible to make large sums trading, small losses, large wins
  • #2,064
  • Nov 30, 2012 1:17am Nov 30, 2012 1:17am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting swissforex
Y E S
and you have bearish divergence as well
if you look back to april the baskets tested and failed to break the resistance line we currently sit under on the daily charts - all kinds of a mess across the charts right now.
  • #2,065
  • Nov 30, 2012 1:23am Nov 30, 2012 1:23am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
A thought for the weekend - watch the weekly cycles

Traders comes to work on Monday, opens charts and thinks about his trade.
Tuesday traders are shared between buys and sells due to mixed views
By wednesday Market has made it direction
Thursday - everyone else finally catches up
Friday - positions get closed - retracements.

In general, by wednesday the trend for the week has generally set in.

this is just something to ponder and watch over time - the human factor to trading
  • #2,066
  • Nov 30, 2012 1:26am Nov 30, 2012 1:26am
Quoting Kosomolate
Fine!

you spotted the divergence very correctly, its there in GJ, its there in EU
and its there in the D1 offline chart as well.

kos
hi kos,
i smell a nasty 'sell" basket around the corner...the only question is when.. Right now, the best thing to do is trade real-time, with caution
sometimes, the market moves 100s of pips before a divergence signal plays out. thats its greatest disadvantage...
green pips to you.
It is possible to make large sums trading, small losses, large wins
  • #2,067
  • Nov 30, 2012 1:38am Nov 30, 2012 1:38am
Quoting hinnavaru
Just one more indicator mate. I am not too certain about it's workings but it helped me in the last 2 trades on the hourly chart. Tried my first entry this morning on the 15m chart.
ensure its not too fast, cos when they are too fast they
could get one in trouble easily

good luck

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,068
  • Nov 30, 2012 1:40am Nov 30, 2012 1:40am
Quoting MPP
if you look back to april the baskets tested and failed to break the resistance line we currently sit under on the daily charts - all kinds of a mess across the charts right now.
yes thats the challenge this long basket is up against
and I doubt if it can go through that point

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,069
  • Nov 30, 2012 1:44am Nov 30, 2012 1:44am
Quoting MPP
A thought for the weekend - watch the weekly cycles

Traders comes to work on Monday, opens charts and thinks about his trade.
Tuesday traders are shared between buys and sells due to mixed views
By wednesday Market has made it direction
Thursday - everyone else finally catches up
Friday - positions get closed - retracements.

In general, by wednesday the trend for the week has generally set in.

this is just something to ponder and watch over time - the human factor to trading
this is what comes by experience, if its stalling by Monday, Tuesday
you will just know it will go somewhere either by Wednesday or Thursday
and sometimes like last week it picked up by Friday afternoon

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,070
  • Nov 30, 2012 1:46am Nov 30, 2012 1:46am
87.024 acting as Resistance - if cross it and stay above we can move up more next resistance is at 88.809
  • #2,071
  • Nov 30, 2012 1:48am Nov 30, 2012 1:48am
Quoting MPP
A thought for the weekend - watch the weekly cycles

Traders comes to work on Monday, opens charts and thinks about his trade.
Tuesday traders are shared between buys and sells due to mixed views
By wednesday Market has made it direction
Thursday - everyone else finally catches up
Friday - positions get closed - retracements.

In general, by wednesday the trend for the week has generally set in.

this is just something to ponder and watch over time - the human factor to trading
Looks like a very accurate description of retail trading.
I've noticed that all of traders expect markets to move up and down,that's true to a large extent. But we should also not forget that these markets trend,beneath all the fluctuations. Thanks for the insight.
It is possible to make large sums trading, small losses, large wins
  • #2,072
  • Nov 30, 2012 1:48am Nov 30, 2012 1:48am
Quoting Kosomolate
ensure its not too fast, cos when they are too fast they
could get one in trouble easily

good luck

kos
Yes Sir.
It repaints too, so I will never take it seriously. Just took a punt today I suppose.
Faith with Action
  • #2,073
  • Nov 30, 2012 1:56am Nov 30, 2012 1:56am
Quoting omadivi
hi kos,
i smell a nasty 'sell" basket around the corner...the only question is when.. Right now, the best thing to do is trade real-time, with caution
sometimes, the market moves 100s of pips before a divergence signal plays out. thats its greatest disadvantage...
green pips to you.
bros how far?

real nasty sell man, the kind that will give 1000+ pips back to the daily HAS
the buy is now 600+ pips, I will watch this one like a hawk, am not going to take BE today

I just checked your FF profile

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,074
  • Nov 30, 2012 2:00am Nov 30, 2012 2:00am
Quoting vadlapatis
87.024 acting as Resistance - if cross it and stay above we can move up more next resistance is at 88.809
FYI, support and resistance on the offline chart is a fantasy, the highs and lows are meaningless.......
  • #2,075
  • Nov 30, 2012 2:05am Nov 30, 2012 2:05am
Quoting Kosomolate
bros how far?

real nasty sell man, the kind that will give 1000+ pips back to the daily HAS
the buy is now 600+ pips, I will watch this one like a hawk, am not going to take BE today

I just checked your FF profile

kos
I dey,
Small world. Just checked your profile also.
Happy pipin man.
It is possible to make large sums trading, small losses, large wins
  • #2,076
  • Nov 30, 2012 2:08am Nov 30, 2012 2:08am
Quoting vadlapatis
87.024 acting as Resistance - if cross it and stay above we can move up more next resistance is at 88.809
Keep your eyes on the UJ.
It is possible to make large sums trading, small losses, large wins
  • #2,077
  • Nov 30, 2012 2:20am Nov 30, 2012 2:20am
Quoting caseyjw
FYI, support and resistance on the offline chart is a fantasy, the highs and lows are meaningless.......
.......and the offline chart itself is meaningless, trying to trade it is meaningless
the overall market sentiment is meaningless, the pips we make here are meaningless pips.

this has been discussed at the beginning of the thread. don't start arguments for the sake of arguments

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,078
  • Nov 30, 2012 2:21am Nov 30, 2012 2:21am
I also don't trust it, enabled the trailing stop. 500 pips locked.
  • #2,079
  • Nov 30, 2012 2:23am Nov 30, 2012 2:23am
Quoting omadivi
Keep your eyes on the UJ.
thanks jare! am keeping mine on GJ,
I know how to read GJ very well

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,080
  • Nov 30, 2012 2:25am Nov 30, 2012 2:25am
Quoting caseyjw
I also don't trust it, enabled the trailing stop. 500 pips locked.
am 650+ up am tempted to keep 200 in my pocket right now.
I think 500 is too close 650 the current price

kos
John 3:16 - From THIS love no power on earth can me sever.
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