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  • #727,821
  • Dec 5, 2012 5:35am Dec 5, 2012 5:35am
Quoting attila
I think it's up from here.
from where precisely
  • #727,822
  • Dec 5, 2012 5:36am Dec 5, 2012 5:36am
Quoting KiwiTrada
risk aversion - down
fuk gota go christchurch to hospital 2am see all when get back, happy pip hunting
If you are new to Forex? Say Goodbye to your account!!
  • #727,823
  • Dec 5, 2012 5:39am Dec 5, 2012 5:39am
Quoting math_GB
Just a warning to unexperienced members here; keep getting mails from a company called "Action forex" like the one below:


http://www.actionforex.com/images/aflogo.jpgFrom Our AdvertiserHello,

I have game-changing news about the way you trade the Forex. I'm unveiling the latest in Forex trading strategies, the FX Crossfire.
[url="http://r20.rs6.net/tn.jsp?e=001XO8kbqzD1wjzNdlyFkXtw7VBMBGlTlnLVGwIZTd11dS3mUI5OQddzPUmwyUOGvISmdlSefUygbRjKbL2dLaR7x0dYiQlPLQEBnZzTAfOUIMFx6U0glcn9MSkc-FY6BDhabhprKAAwsY7mVyhAi4HDe5WD3_jnvdqMVh4-JlZeNBo11krCFgwOE-P7lT3GkeT"]In...
Sorry, but actually, these strategies do work :|, they are advertising with too many " claiming and selling dreams " but i have seen their techniques, it does work for people whom suits the strategy or understand the rationale of the system behind itself. All systems or strategies have its own risk and probabilities, which is why stop loss/managing the system by the trader himself is important. In fact, many strategies work, but there will come a time the system may not work as market condition is ever changing/ or session is changing/fundamental is changing etc etc.

I only interpret price in this manner " If price does not go up, the next moves is down " " If price does not go down, the next move is up " - > Trendline.
  • #727,824
  • Dec 5, 2012 5:40am Dec 5, 2012 5:40am
Quoting attila
I think it's up from here.
no doubt. up for 3100 or new high
You cannot learn better without losing
  • #727,825
  • Dec 5, 2012 5:42am Dec 5, 2012 5:42am
ill say nothing special next. but will still say it anywayss. needed qoute over 3080ish. closing there on the hourly basis. and next 80 will protect the next high.

before that we could see a
stop hunt down smells 3052/57 region offer. smells real bad. hate them
if we are a breaky..we have 3080 where we could sell the bastard..tom I guess..overshoot to 3099

still..normal retrace and 60 is defended. compressing in a tight range.
  • #727,826
  • Dec 5, 2012 5:47am Dec 5, 2012 5:47am
Quoting 5percent
Sorry, but actually, these strategies do work :|, they are advertising with too many " claiming and selling dreams " but i have seen their techniques, it does work for people whom suits the strategy. All systems or strategies have its own risk and probabilities, which is why stop loss/managing the system by the trader himself is important. In fact, many strategies work, but there will come a time the system may not work as market condition is ever changing/ or session is changing/fundamental is changing etc etc.
Unfortunately I can not agree this time mate...!!! I do not believe holy grails and especially in a market where the leverage is usually 1:100. You may get lucky once or twice but in the long run you will be grilled and that is almost guaranteed. Another point is; establishing a company and setting up the web site cost let's say around 10K. If someone has this kind of holy grail and 10K, by making 100 pips everyday, he will end up with 10 MIL in 252 working days...

Sorry don't believe it.. Of course there are strategies that may work but do not last too long, this is market where you need to revise your existing strategies and re-check non-stop... Therefore I felt obliged to inform the members here... Right or wrong... But obliged...
  • #727,827
  • Dec 5, 2012 5:51am Dec 5, 2012 5:51am
Quoting attila
I think it's up from here.
Here here or 304x ish?

(would like a Stretch here )
  • #727,828
  • Dec 5, 2012 5:53am Dec 5, 2012 5:53am
Quoting math_GB
Unfortunately I can not agree this time mate...!!! I do not believe holy grails and especially in a market where the leverage is usually 1:100. You may get lucky once or twice but in the long run you will be grilled and that is almost guaranteed. Another point is; establishing a company and setting up the web site cost let's say around 10K. If someone has this kind of holy grail and 10K, by making 100 pips everyday, he will end up with 10 MIL in 252 working days...

Sorry don't believe it.. Of course there are strategies that may work...
peace , i am not siding them either, just being neutral. I don't say that their system is holy grail, nor interested about their education/course/selling stuff.

There's no way, a system is going to work all the time, as manual trader there are decision to make about take profits/trailing stops/ breakeven/ spikes. But i did saw EA producing Millions from few thousands deposits in live accounts statement, so i am open-minded about that that this is achievable. But of course, these sort of EA will never be sold online, all those EA known of are modified by the creator themselves or modified of other's EA.

even if their manual system work, a spikes/fundamental tweets can easily hits their stop loss, which is why technical systems are bound to have its risk of stopping out/wrong at certain point. But the probability/profitability may differs every time in the ever-changing market.
  • #727,829
  • Dec 5, 2012 5:55am Dec 5, 2012 5:55am
Quoting attila
I think it's up from here.
Same here. Just closed my short +45.
Time turns trend. - W.D. Gann
  • #727,830
  • Dec 5, 2012 5:56am Dec 5, 2012 5:56am
50% fib retrace lands on 3000 even.
61.8 fib on 2975
I will close my shorts at 3000
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 26 KB
In trading, you have to be defensive and aggressive at the same time
  • #727,831
  • Dec 5, 2012 5:59am Dec 5, 2012 5:59am
Quoting 5percent
peace , i am not siding them either, just being neutral. I don't say that their system is holy grail, nor interested about their education/course/selling stuff.

There's no way, a system is going to work all the time, as manual trader there are decision to make about take profits/trailing stops/ breakeven/ spikes. But i did saw EA producing Millions from few thousands deposits in live accounts statement, so i am open-minded about that that this is achievable. But of course, these sort of EA will never be sold online, all those EA known...
I am always in peace with you mate...! It just pisses me off these b...rds trying to make fool of poor depressed traders. I re-read your post and clearly you haven't implied anything such as holy grail.

You are cool like a few other members here and I love picking up your brains all the time but I must say I envy you alot these days...! I hope one day, I will be as good as you. Always learning few things so far but not always making pips which is OK... I will survive (I hope)...

Still holding my LONGs from 1.3075... I hope the PA gives me some clue for a direction for the rest of the day...
  • #727,832
  • Dec 5, 2012 5:59am Dec 5, 2012 5:59am
Quoting 5percent
Sorry, but actually, these strategies do work :|, they are advertising with too many " claiming and selling dreams " but i have seen their techniques, it does work for people whom suits the strategy or understand the rationale of the system behind itself. All systems or strategies have its own risk and probabilities, which is why stop loss/managing the system by the trader himself is important. In fact, many strategies work, but there will come a time the system may not work as market condition is ever changing/ or session is changing/fundamental...
Your right, a trader has to learn and develop his own strategy that they are comfortable with. The obvious question is if the strategy being sold is that good, then why do they need to sell it for a few $$
  • #727,833
  • Dec 5, 2012 6:01am Dec 5, 2012 6:01am
shorted crude @ 88.50
Attached Image
  • #727,834
  • Dec 5, 2012 6:02am Dec 5, 2012 6:02am
Quoting ForExtraPips
Same here. Just closed my short +45.
if numbers are positives we could see 3030 or lower today.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #727,835
  • Dec 5, 2012 6:03am Dec 5, 2012 6:03am
Quoting 21vs7
ill say nothing special next. but will still say it anywayss. needed qoute over 3080ish. closing there on the hourly basis. and next 80 will protect the next high.

before that we could see a
stop hunt down smells 3052/57 region offer. smells real bad. hate them
if we are a breaky..we have 3080 where we could sell the bastard..tom I guess..overshoot to 3099

still..normal retrace and 60 is defended. compressing in a tight range.
Can somebody translate this please ?
  • #727,836
  • Dec 5, 2012 6:03am Dec 5, 2012 6:03am
Quoting bennyblanco
Your right, a trader has to learn and develop his own strategy that they are comfortable with. The obvious question is if the strategy being sold is that good, then why do they need to sell it for a few $$
as i am not them, i will never know their intentions . But there are some cool peeps that share their system online for free and i have benefited from them as an experience.I actually like systems, but i only uses a few that's suitable and trade-planned by me. Because every system is actually giving different signals/views at different time, important thing is to learn the rationale behind it. It looks good when they printed it nicely on the chart that it worked out, but there are times the system fails which is why risk and mm is there.
  • #727,837
  • Dec 5, 2012 6:06am Dec 5, 2012 6:06am
Quoting amon293
until where? 1,31?
When I say up, firstly means probably a structured retrace, the down move slowed down for now. Can this turn into a reverse? I don't know. Read the PA and make your own decision. If I knew it goes up to 1.3 I would leverage this account 99%. But I don't know so I'll settle for the next best thing.
  • #727,838
  • Dec 5, 2012 6:08am Dec 5, 2012 6:08am
I am mostly a scalper as some might have figured out. So I'm always looking for "the move of the day", intraday that is.. I explained yesterday what to look for at the session cross over. Go back and read.
  • #727,839
  • Dec 5, 2012 6:10am Dec 5, 2012 6:10am
Quoting Davit
if numbers are positives we could see 3030 or lower today.
Bear is not that idiot who will give a golden opportunity to buy blindly.
Bear is in heavy oversell condition while 1 hour time is not enough to fix itself
You cannot learn better without losing
  • #727,840
  • Dec 5, 2012 6:14am Dec 5, 2012 6:14am
56.2 was not touched, so I'm not loading longs just yet.
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