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  • #754,201
  • Feb 5, 2013 4:47am Feb 5, 2013 4:47am
Quoting nunonuk
Please don't misunderstand me, I think you active people in this forum are much better traders than I am.
But since I came back to follow this forum, after some months of retirement from the Forex Markets, I noticed that you guys try always to trade the hard way!

Last week, market was bull, you spend the entire week catching the bear movements!
Yesterday, it was a bear market, you spend the entire day trying to catch the bull movements!
Today, it seems we have a bull market again, you are trying to get the bear markets!

Why not just follow...
like this...
  • #754,202
  • Feb 5, 2013 4:47am Feb 5, 2013 4:47am
Quoting BlueGas
Gonna try another short @ 35366 ..... Edit. Short @ 35363

I will try @ 58
Loosening is not an option
  • #754,203
  • Feb 5, 2013 4:50am Feb 5, 2013 4:50am
Quoting attila
hmmm
See anything different mate? I am just playing the retrace game, not a bear at all. The bulls made sure they are there now...

Edit: Short @1.3543
  • #754,204
  • Feb 5, 2013 4:50am Feb 5, 2013 4:50am
My Ass of a broker Pepperstone is Off from 40 minz now
PISSING ME OFF
Have missed the long
MMMYYYKKK
  • #754,205
  • Feb 5, 2013 4:51am Feb 5, 2013 4:51am
Quoting nunonuk
Why not just follow the trend, relax and see the pips increasing?
That's easier said than done. I always see this comment.

But I ask you - "what is the trend"? To answer properly... you need to identify the timeframe. And time is relative as Einstein so eloquently put it.

So your comments imply a DAILY timeframe, but you mentioned last week... so is it a WEEKLY timeframe you are referring to? But what about now that there has been a bounce from 60/75... it's gone up. But are you Long or Short... what is your Take Profit timeframe? If you scalped long but the Weekly and Daily trend is up - are you trading against the market? Who's to say?

Time is RELATIVE to you. If you disagree with people's motives for taking a trade... it's not that they're right and you're wrong it's that their timeframe is different from yours.

And that's what makes markets brilliant and horribly cruel and efficient... everyone has their own self interest and no one can predict the future.

So.... follow the trend? Try and determine it first - contribute and get involved, most certainly - but I think for every post you make and every trade you take / someone will be thinking the opposite.
A pip is only worth it if you know how much you risked to earn it
  • #754,206
  • Feb 5, 2013 4:51am Feb 5, 2013 4:51am
Quoting romstreets
My chart isn't moving, is the market already close?
  • #754,207
  • Feb 5, 2013 4:52am Feb 5, 2013 4:52am
Quoting math_GB
See anything different mate? I am just playing the retrace game, not a bear at all. The bulls made sure they are there now...
Agreed, just think well go deeper first and then up in NY, has to take some longs out and shorts in first imho. gonna surely buy but only below 3490, 3485 would be ideal
  • #754,208
  • Feb 5, 2013 4:52am Feb 5, 2013 4:52am
Quoting myk
My Ass of a broker Pepperstone is Off from 40 minz now
PISSING ME OFF
Have missed the long
is your broker operating from the streets of kabul?
  • #754,209
  • Feb 5, 2013 4:53am Feb 5, 2013 4:53am
Quoting math_GB
See anything different mate? I am just playing the retrace game, not a bear at all. The bulls made sure they are there now...

Edit: Short @1.3543
I think the retrace happened already.. 3550 option might give another one... I don't know... It's bull for me.
  • #754,210
  • Feb 5, 2013 4:53am Feb 5, 2013 4:53am
Quoting math_GB
Wrong mate, I am a shitty trader and as you mentioned in your post, I do make such mistakes all the time.

I posted earlier this week, I missed the bull train and tried to make some pips with retraces which worked out pretty well and finally joined the bulls last week on friday which was a great deal.

At the moment I am still bull however, I trade according to a plan which is working for me. I aim for 40 pips a day and play the game accordingly mate.. with the stupid mistake I got out of the longs too early but managed to compensate the lost...
First times I started to trade I was something like that, always chasing the trends! Like a mad dog chasing cars in the street, one after another! It was very stressful, very energy consuming. I could also get some profit, but my heart cannot handle it!
I can say it 's not a suitable strategy for me! I admire you for having the nerve to handle it! How do you feel in the end of the day?

If it 's suitable for you, great, I wish you lots of pips!

By the way, I enjoy to read all your post and comments! Yours and the ones of the people that are with you in this journey...
  • #754,211
  • Feb 5, 2013 4:58am Feb 5, 2013 4:58am
Quoting vlady1974
That's easier said than done. I always see this comment. But I ask you - "what is the trend"? To answer properly... you need to identify the timeframe. And time is relative as Einstein so eloquently put it.
Just to illustrate the point.... what is the trend?
1M for the last hour.... sideways but moving up.
5M up for the last 3 hours
1H down over the last 27 hours but obviously up for the last 3 hours
4H down for the last 10 bars (40 hours) but clearly up from past December!

What is the trend? The trend is the line from the point you're standing... not mine.
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A pip is only worth it if you know how much you risked to earn it
  • #754,212
  • Feb 5, 2013 5:00am Feb 5, 2013 5:00am
Quoting attila
I think the retrace happened already.. 3550 option might give another one... I don't know... It's bull for me.
Most likely you are right, have added some more on the losing pos to drop the average cost to @1.3547, I will kill the shite if I have to now...
  • #754,213
  • Feb 5, 2013 5:06am Feb 5, 2013 5:06am
Quoting vlady1974
That's easier said than done. I always see this comment.

But I ask you - "what is the trend"? To answer properly... you need to identify the timeframe. And time is relative as Einstein so eloquently put it.

So your comments imply a DAILY timeframe, but you mentioned last week... so is it a WEEKLY timeframe you are referring to? But what about now that there has been a bounce from 60/75... it's gone up. But are you Long or Short... what is your Take Profit timeframe? If you scalped long but the Weekly and Daily trend is up - are you trading...
As I said before, I am not a very skilful trader! I trade a lot with the sentiment, consider the fundamental and I support final decision with the charting.

I'll try to contribute with my ideas in the future. I am sorry not to answer to all your questions but, because I am not such an expertise trader, I would need some time to think about them and also because I am at my day job!

By the way, I don't know where the trend is going to, 100% of the times I try to predict where it is going judging by sentiment, last movements, S/R, Fibo and trend lines.
  • #754,214
  • Feb 5, 2013 5:08am Feb 5, 2013 5:08am
A little bit of no man's land.
Gotta evaluate if the downside is locked down by 1.3515
  • #754,215
  • Feb 5, 2013 5:14am Feb 5, 2013 5:14am
Quoting nunonuk
As I said before, I am not a very skilful trader! I trade a lot with the sentiment, consider the fundamental and I support final decision with the charting.

I'll try to contribute with my ideas in the future. I am sorry not to answer to all your questions but, because I am not such an expertise trader, I would need some time to think about them and also because I am at my day job!

By the way, I don't know where the trend is going to, 100% of the times I try to predict where it is going judging by sentiment, last movements, S/R, Fibo and trend...
It's quite alright, mate. Not having a go at you.... just trying, hopefully, to give you another perspective.
A pip is only worth it if you know how much you risked to earn it
  • #754,216
  • Feb 5, 2013 5:15am Feb 5, 2013 5:15am
i think there is little risk aversion in play, cable kiwi and aussie taking little dump eu swissy static, early pop was yen driven with little gbp appreciation, this market is continually getting stuffed up by boj is sending pa and me crazy
If you are new to Forex? Say Goodbye to your account!!
  • #754,217
  • Feb 5, 2013 5:19am Feb 5, 2013 5:19am
ridiculous price action. totally vertical rebound on JPY and EUR
  • #754,218
  • Feb 5, 2013 5:20am Feb 5, 2013 5:20am
Quoting Fxnewdeal
A little bit of no man's land.
Gotta evaluate if the downside is locked down by 1.3515
Obviously locked..so higher prices in the process
  • #754,219
  • Feb 5, 2013 5:21am Feb 5, 2013 5:21am
Quoting Halba
ridiculous price action. totally vertical rebound on JPY and EUR
why ridiculous?
  • #754,220
  • Feb 5, 2013 5:24am Feb 5, 2013 5:24am
hi, y'all..

just got home, ran out of battery, working outside my office, no powerbank.

glad to find my eu and ej went really nice! eu finally hit my target at 3460(barely, lol), both ej at 124.10. +48 on eu, and +71 and +59 on ej.

just before this up move!!! phew..

i just enterd ej at 125.87, some 5mins ago, before taking a shower.

have fun!!
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