Ramblings of a Forex Junkie | Page 86 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies

Forex Training: What to Look for in a Forex Training Program 1 reply

The Journal Of A Macro Fundamental & Technical Analysis Junkie 26 replies

Trade Anatomy - ramblings of an old-timer 147 replies

Attachments: Ramblings of a Forex Junkie
Exit Attachments

Ramblings of a Forex Junkie

  • #1,701
  • Mar 25, 2013 5:20pm Mar 25, 2013 5:20pm
Quoting Seneca pilot
No I took it. I just didn't have the markers in the chart when I saved the other trade. I didn't go short on the retest because of the ATR and the weekly level just below. I knew I would be longing at the weekly level.
Ok thanks SP, now its clear and more logic.

BR

PC
Less is more...
  • #1,702
  • Mar 26, 2013 8:37am Mar 26, 2013 8:37am
Quoting Seneca pilot
A good consistent CTA here can get a lot of money under management and do rather well.
I'm sure you'd give a good service you are a good communicator best of luck with it all.

It's clearly Monday but I have the feeling everyones attention is elsewhere? With perhaps 40% of big money savings in Cyprus being confiscated in return for some shares of uncertain value I'd think there are a lot of desperate people out there.
  • #1,703
  • Mar 26, 2013 8:46am Mar 26, 2013 8:46am
Quoting stevexyg
I'm sure you'd give a good service you are a good communicator best of luck with it all.

It's clearly Monday but I have the feeling everyones attention is elsewhere? With perhaps 40% of big money savings in Cyprus being confiscated in return for some shares of uncertain value I'd think there are a lot of desperate people out there.

It's a good thing we deal only with probabilities and not(!) absolutes in trading )
Maybe in the next few hours it will ) become Monday...
Kidding of course

By the way Steve I think most of us (and the market) are just waiting for "consumer confidence" in 15 minutes from now. It's not just a red news item , it's one of the bigger ones for the usd. I'm not sure exactly why, but it's considered a strong one.
"Always be yourself " Batman
  • #1,704
  • Mar 26, 2013 8:59am Mar 26, 2013 8:59am
Quoting rdsl
It's a good thing we deal only with probabilities and not(!) absolutes in trading )
Maybe in the next few hours it will ) become Monday...
Kidding of course

By the way Steve I think most of us (and the market) are just waiting for "consumer confidence" in 15 minutes from now. It's not just a red news item , it's one of the bigger ones for the usd. I'm not sure exactly why, but it's considered a strong one.
Consumers are 70% of the US economy. If it weren't for the crowd spending more than they earn we would be back in 1929 right now.
  • #1,705
  • Mar 26, 2013 9:07am Mar 26, 2013 9:07am
Thanks to my fantastic performance yesterday and the unreal range today I am up .31% for the week.

Hey guys its Easter this week. If I decide to trade tomorrow it will be the last day I trade this week. My sister and niece are coming to see the twins and go to DC for a little museum tour. If I don't show up tomorrow everyone have a great Easter and weekend. My wife is half Japanese so it is kind of funny around the house for all the christian holidays. We have American food and noodles or mochi.
  • #1,706
  • Mar 26, 2013 9:09am Mar 26, 2013 9:09am
Quite a non-reaction to the news. Most of the traders have gone away for the holiday. Don't expect to see too much movement the rest of the day. I think most are tired from the move yesterday and made their money and left for the hamptons.
  • #1,707
  • Mar 26, 2013 9:17am Mar 26, 2013 9:17am
Quoting Seneca pilot
Quite a non-reaction to the news. Most of the traders have gone away for the holiday. Don't expect to see too much movement the rest of the day. I think most are tired from the move yesterday and made their money and left for the hamptons.

Yeah, one of those news announcements when you wait for them whole day, but when the time comes, nothing happens.
That's ok too...
"Always be yourself " Batman
  • #1,708
  • Mar 26, 2013 9:18am Mar 26, 2013 9:18am
Don't forget for all the US traders, Monday is back to the usual times as Europe catches up with their own summer time change. Daily open will revert back to midnight Eastern. I know it is 04:00 GMT but everyone is on the same page due to the time changes. We want to trade when Europe and London are trading. We can all go back to 05:00 GMT in the fall.
  • #1,709
  • Mar 26, 2013 9:21am Mar 26, 2013 9:21am
Quoting rdsl
Yeah, one of those news announcements when you wait for them whole day, but when the time comes, nothing happens.
That's ok too...
If I didn't have family coming this week I would have gone to Florida. It snowed here yesterday. Hell its the end of March. Where is the warm weather. My heart isn't in it this week. Want to be sitting on a beach sipping adult beverages.
  • #1,710
  • Mar 26, 2013 9:30am Mar 26, 2013 9:30am
Getting pretty hard to hold the long from the weekly low Olarian. The news was just dollar negative and a surprise drop but it seems that no one has the gonads to get long the Euro. I am going to tighten the stop to the entry. I don't normally do this but it isn't going up and the trading is thinning out for the holiday.
  • #1,711
  • Mar 26, 2013 9:36am Mar 26, 2013 9:36am


I actually thought it was Monday - off work this week and been ill since Sunday night, not eaten a thing for 2 days.




I'll get me coat.
  • #1,712
  • Mar 26, 2013 9:45am Mar 26, 2013 9:45am
Quoting stevexyg


I actually thought it was Monday - off work this week and been ill since Sunday night, not eaten a thing for 2 days.




I'll get me coat.
It is Monday look at the range on EU.
  • #1,713
  • Mar 26, 2013 9:45am Mar 26, 2013 9:45am
Quoting Seneca pilot
Getting pretty hard to hold the long from the weekly low Olarian. The news was just dollar negative and a surprise drop but it seems that no one has the gonads to get long the Euro. I am going to tighten the stop to the entry. I don't normally do this but it isn't going up and the trading is thinning out for the holiday.
Good decision, mate. I closed my long trade earlier for a handfull of pips. Right now, I think you must be stopped out at BE...

I just opened a very small risk trade with a tight stop at the previous day's low...let's see where this one goes...
  • #1,714
  • Mar 26, 2013 9:50am Mar 26, 2013 9:50am
Olarion, Seneca, are you in the short of the BO ?
Looks like it might work after all ... Even on a day like this.
"Always be yourself " Batman
  • #1,715
  • Mar 26, 2013 9:52am Mar 26, 2013 9:52am
Quoting rdsl
Olarion, Seneca, are you in the short of the BO ?
Looks like it might work after all ... Even on a day like this.
No, I did not trade the breakout and retest short on EU. It was too close to the weekly/daily low for me.
  • #1,716
  • Mar 26, 2013 9:59am Mar 26, 2013 9:59am
Quoting Olarion1975
Good decision, mate. I closed my long trade earlier for a handfull of pips. Right now, I think you must be stopped out at BE...

I just opened a very small risk trade with a tight stop at the previous day's low...let's see where this one goes...
I was going to set it to breakeven but I thought, why do that, so I closed it. then the news hit so I did this:

Attached Image (click to enlarge)
Click to Enlarge Name: eu trade.gif Size: 18 KB





Now I am up for the week nicely. This is bad news for you guys living in Europe. Protect your money. Reduce your deposits and spread your money around to stay under the protected amounts until this crap blows over.
  • #1,717
  • Mar 26, 2013 10:00am Mar 26, 2013 10:00am
Quoting Seneca pilot
It is Monday look at the range on EU.
Exactly. And apparently it's 'Spring' outside as well. About zero on the thermometer here, we have sheep frozen to death under 15ft snow drifts and only 2days worth of gas reserves left in the UK.
  • #1,718
  • Mar 26, 2013 10:01am Mar 26, 2013 10:01am
Quoting Olarion1975
No, I did not trade the breakout and retest short on EU. It was too close to the weekly/daily low for me.
Me either I was actually ready to turn off the trading computer until the little stop run. Now it is going off.
  • #1,719
  • Mar 26, 2013 10:07am Mar 26, 2013 10:07am
Quoting Seneca pilot
Me either I was actually ready to turn off the trading computer until the little stop run. Now it is going off.
Do you have a separate computer for trading?
Just curious since I thought about doing that for a while now but never've actually done it ... yet.
"Always be yourself " Batman
  • #1,720
  • Mar 26, 2013 10:13am Mar 26, 2013 10:13am
Quoting rdsl
Do you have a separate computer for trading?
Just curious since I thought about doing that for a while now but never've actually done it ... yet.
Yes I do. It has been cleared of everything but the trade platform, antivirus, and OS. Speed is everything in trading execution. I never use the trading computer to do any search or web browsing. Still windows is so fragile I have the occasional problem. Never any viruses though. I am thinking MAC. How do they do with multiple screens, anyone know?
4 traders viewing now