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  • #753,781
  • Feb 4, 2013 7:23am Feb 4, 2013 7:23am
Quoting Ken A
We have cappuccino, espresso, revers-o, what would you like? Bacon and egg?
lol Bacon and eggs sound good with my French roast. And look what price does now, slowly creeps back up.
Time turns trend. - W.D. Gann
  • #753,782
  • Feb 4, 2013 7:23am Feb 4, 2013 7:23am
[quote=vlady1974;6416988]When you have a day job and you want to learn to trade, it's the only way to do it. It's not ideal by a long shot. I'm making more money now than I have in the past 2 years, yes.......

Then the best of luck to you. i think if you can do it without losing money, or at least too much money, and without your boss getting pissed off and giving you the sack ( sometimes a blessing in disguise) then you're on the right track, as no one ever acquired any skill without it costing them time and usually money.
  • #753,783
  • Feb 4, 2013 7:25am Feb 4, 2013 7:25am
Quoting cat
EJ at possible support level now - watching closely


main .ej ltl from past 2 wks ahead circa 125.25... (man catches falling knife w/o getting cut ?)
  • #753,784
  • Feb 4, 2013 7:26am Feb 4, 2013 7:26am
Quoting ForExtraPips
lol Bacon and eggs sound good with my French roast. And look what price does now, slowly creeps back up.
Still might go lower as E/J is heading to 125.33 or 125.06.
  • #753,785
  • Feb 4, 2013 7:26am Feb 4, 2013 7:26am
Quoting math_GB
Good point cat...

Vlady, I truly think unless you trade weekly with a low leverage and have stops larger than 50+ pips, it will most of the time be painful for you to trade this intraday. At some point, excitement and fear will cause make you take wrong decisions. Think about it mate, conditions change pretty quickly here, some market news may affect the picture intraday and so on. I think you need to revisit the idea of trading this thing depending on a higher time frame... Just saying...
Sorry for the rant. Today's environment wasn't ideal. I should have stopped trading after the initial -25 pips.
I judged it wrong. In essence, I was trying to call a bottom even though I didn't think I was doing it. But in my head I was already questioning why I was long when it broke 604 and went below 600. Certainly there was a reason for 585, but I'd already calculated 565 the other night so I was conflicted. Had I been at my desk, I would have been on the sidelines, I'm sure of it.... but as it turned out, the initial shock of the -25 then seeing 65 made me panic. Anyways... ranting again. I was wrong. Panic over. I'll analyse this to death at home.

But tonight I'm gonna play some blues!
A pip is only worth it if you know how much you risked to earn it
  • #753,786
  • Feb 4, 2013 7:26am Feb 4, 2013 7:26am
Quoting Fxnewdeal
Looking at 1.3588 now. if Broken back above 1.3605 and higher.
Let's go step by step
I still aim for 1.3630 for today mate but yeah, there are a few hurdles on the way so caution is necessary...
  • #753,787
  • Feb 4, 2013 7:27am Feb 4, 2013 7:27am
Quoting vlady1974
When you have a day job and you want to learn to trade, it's the only way to do it. It's not ideal by a long shot. I'm making more money now than I have in the past 2 years, yes.

But no, it's not something I would recommend to another newbie. However, having said that - I know alot of newbies who are in a similar position as me. I've never, however, mentioned my personal situation to anyone as per how I go about my trades.

My daily objective is min 20 pips. Today has wiped it out, but last week I yeilded 4 out of 5 days, ie. 4 x 20...
Seems like you're taking almost the same approach to me...guess it's the only choice us working people have

Phone & tablet ftw!!
  • #753,788
  • Feb 4, 2013 7:28am Feb 4, 2013 7:28am
KIWI
not euphoria follower
  • #753,789
  • Feb 4, 2013 7:28am Feb 4, 2013 7:28am
Quoting 1candlepower
main .ej ltl from past 2 wks ahead circa 125.25... (man catches falling knife w/o getting cut ?)
the trick to catching a falling knife is to wait for it to become embedded in something, then you just have to pick it up!
  • #753,790
  • Feb 4, 2013 7:29am Feb 4, 2013 7:29am
Quoting vlady1974
I was trying to call a bottom...
I gave that up a long time ago given I can't monitor charts all the time at work. Better to always wait for confirmation before taking a trade...at least if there's a chance the boss calls you away for a bit

Not only to maximize profits, but also for "peace of mind".
  • #753,791
  • Feb 4, 2013 7:30am Feb 4, 2013 7:30am
Quoting PayTheLimit
i'd say they did around $11 billion friday...
more then i thought..
those who can, do. those who cant, talk about those who can
  • #753,792
  • Feb 4, 2013 7:30am Feb 4, 2013 7:30am
Quoting math_GB
I think this was it, still in added @1.3550 average now 1.355 excluding the 20 pip loss from the morning with that the average cost becomes 1.3575 so I need the shite start climbing now
BTW I'm still in.... added at 53.
Not revenge trading. My plan's target is 755. Actually, that's Attila's number - my number is 753 but who gives, right?
Weekly is up and over 200EMA. Now I don't have large enough account to hold a weekly trade, but my analysis says she's up.

Of course..... I can completely be wrong as I have been this morning
A pip is only worth it if you know how much you risked to earn it
  • #753,793
  • Feb 4, 2013 7:30am Feb 4, 2013 7:30am
Quoting vlady1974
Sorry for the rant. Today's environment wasn't ideal. I should have stopped trading after the initial -25 pips.
I judged it wrong. In essence, I was trying to call a bottom even though I didn't think I was doing it. But in my head I was already questioning why I was long when it broke 604 and went below 600. Certainly there was a reason for 585, but I'd already calculated 565 the other night so I was conflicted. Had I been at my desk, I would have been on the sidelines, I'm sure of it.... but as it turned out, the initial shock of the -25 then...
I love your attitude mate... I have been in the red non-stop since morning too, there are many clusters around the area but I truly don't see any bear yet so playing on the bull side. Once/if above 1.3580s I will re-evaluate the situation
  • #753,794
  • Feb 4, 2013 7:33am Feb 4, 2013 7:33am
Quoting vlady1974
Sorry for the rant. Today's environment wasn't ideal. I should have stopped trading after the initial -25 pips.
I judged it wrong. In essence, I was trying to call a bottom even though I didn't think I was doing it. But in my head I was already questioning why I was long when it broke 604 and went below 600. Certainly there was a reason for 585, but I'd already calculated 565 the other night so I was conflicted. Had I been at my desk, I would have been on the sidelines, I'm sure of it.... but as it turned out, the initial shock of the -25 then...
I'm down a few pips today, not been very good conditions & annoyed at myself for trading on a Monday when I was aiming to mainly stand aside. Mondays are getting a serious reputation for this sort of stuff, have to be treated with care.

Much deeper retrace then expected, however as ever the larger TF's give context. Currently holding at a fib point on the H4, lets see if it can steady the ship. Outlook still remains bullish, just think this is jitters from jawboning combined with profit taking

Edit: Bouncing again, 1st hurdle is 75 & then it has to take 1.36 again
  • #753,795
  • Feb 4, 2013 7:33am Feb 4, 2013 7:33am
Quoting Ken A
Still might go lower as E/J is heading to 125.33 or 125.06.
duuuuuuuude!
mine's exactly between those two! 125.19
  • #753,796
  • Feb 4, 2013 7:33am Feb 4, 2013 7:33am
price has to retrace to load back down..looks more or less a down day today.....otherwise big bull coming soon...3524 looks promising
  • #753,797
  • Feb 4, 2013 7:34am Feb 4, 2013 7:34am
Quoting math_GB
I love your attitude mate... I have been in the red non-stop since morning too, there are many clusters around the area but I truly don't see any bear yet so playing on the bull side. Once/if above 1.3580s I will re-evaluate the situation
4hr momentum is to the downside now. until that completely exhaust out, no bulls.
  • #753,798
  • Feb 4, 2013 7:37am Feb 4, 2013 7:37am
Quoting pkimnyc
4hr momentum is to the downside now. until that completely exhaust out, no bulls.
Yes true, therefore watching 1.3530 as well mate.
  • #753,799
  • Feb 4, 2013 7:37am Feb 4, 2013 7:37am
Quoting cat
the trick to catching a falling knife is to wait for it to become embedded in something, then you just have to pick it up!


HA! well thought. well said.
  • #753,800
  • Feb 4, 2013 7:37am Feb 4, 2013 7:37am
Quoting ec_creep
duuuuuuuude!
mine's exactly between those two! 125.19

Not sure where E/J will turn as U/J almost touch Asian lows 92.55.

This slow grind PA is scary, just don't go against it.
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