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  • #781,401
  • Apr 2, 2013 10:25pm Apr 2, 2013 10:25pm
An update to the H1 levels I posted earlier. Retesting them.
Attached Image (click to enlarge)
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Time turns trend. - W.D. Gann
  • #781,402
  • Apr 2, 2013 10:27pm Apr 2, 2013 10:27pm
Long @ 06

Reason 5 x 15 on the 10M RSI5 is up SLOW 5,3 up

30M white candle not near resistance.
Trade smaller than rational because the market is irrational...
  • #781,403
  • Apr 2, 2013 10:30pm Apr 2, 2013 10:30pm
Quoting EuroTraderJD
When I cant trade (due to MM or indo restrictions) I drill drill drill placing phantom trades. Repetition is good for dull minds and develops excellence. When things get crazy falling back on your training is 2nd nature so I agree with not trading with emotion although I fight the old man inside me with that. Trading is a perishable skill like marksmanship or playing the piano.
Yep. I took a major break last month from constantly trading everyday and just watched price action. Now, I'm leaning towards swing trading. Get in at the right time, and let it run. Learn the cycles, patterns, etc...... Since this week started, stopped out twice, closed one too early, three still running. +147 pips as we speak. A breather really helps sometimes.
Time turns trend. - W.D. Gann
  • #781,404
  • Apr 2, 2013 10:31pm Apr 2, 2013 10:31pm
Quoting ForExtraPips
Yep. I took a major break last month from constantly trading everyday and just watched price action. Now, I'm leaning towards swing trading. Get in at the right time, and let it run. Learn the cycles, patterns, etc...... Since this week started, stopped out twice, closed one too early, three still running. +147 pips as we speak. A breather really helps sometimes.
Welcome back!
Not all sins are created equal
  • #781,405
  • Apr 2, 2013 10:32pm Apr 2, 2013 10:32pm
Quoting Jay Walker
Welcome back!

Thanks. It was worth it. Learned a lot. Just sitting during the NY/London overlap and watching price, not trading, even during a big, huge move really helped the mind thingy. Now when I'm in a trade, I don't panic, "Oh, crap, it reversed, etc...." It's just breathing.
Time turns trend. - W.D. Gann
  • #781,406
  • Apr 2, 2013 10:37pm Apr 2, 2013 10:37pm
Quoting ForExtraPips
Thanks. It was worth it. Learned a lot. Just sitting during the NY/London overlap and watching price, not trading, even during a big, huge move really helped the mind thingy. Now when I'm in a trade, I don't panic, "Oh, crap, it reversed, etc...." It's just breathing.
The mere fact that you managed to watch without succumbing to the temptation of trading tells lots about the discipline you developed.

Sometimes, the best trade you make it the one you don't get in
Not all sins are created equal
  • #781,407
  • Apr 2, 2013 10:37pm Apr 2, 2013 10:37pm
Quoting Pip Anon
Welcome to the gun show
Thanks. Speaking of guns. Time for another "shot." Which is another thing that amazes me. I haven't had a drink in six months. Until this past weekend. Then when I had a few, something just clicked with the charts. Saw something different. Don't know what, quite yet, but it's working. The drinking got me thinking, type thing.
Time turns trend. - W.D. Gann
  • #781,408
  • Apr 2, 2013 10:44pm Apr 2, 2013 10:44pm
Quoting inpatient
Been trying for a while to talk my wife into moving to Australia with me, seems to be the only 'westernized English speaking' place that has a chance of getting out of this mess.
We would welcome you warmly. Just leave the guns behind!!
Cheers, Harry
  • #781,409
  • Apr 2, 2013 10:46pm Apr 2, 2013 10:46pm
Quoting EuroTraderJD
My FX comrade we do have some common ground. I also believe we are doomed. But I totally disagree with charts making the news. This only happens when they move out of the norm. What would case a big move? Techs I doubt fundos such as a rate cut or a "bail in" would. Pending QE keeping markets bid or offered. Stickly looking at a chart in my opinion couldnt do that. That being said I value and respect all view points so lets agree to disagree. May you reap many green pips.
I have a strong mind and clear opinions..

But.. my strongest advantage is,

that i DONT stick to death to my opinion.
If someone shows me another explicable way, i change my opinion fast like a leaf in the wind.
and learn

The first German chancellor (strong man) said once..

"My yesterdays babble does not bother me today anymore.. So what"

How to opt out annoying user signatures ??
  • #781,410
  • Apr 2, 2013 10:46pm Apr 2, 2013 10:46pm
Quoting Jay Walker
The mere fact that you managed to watch without succumbing to the temptation of trading tells lots about the discipline you developed. Sometimes, the best trade you make it the one you don't get in
Good point. Thanks. Like others have said, having no position is a position. The old me would have been burning up while missing out on that move. "The market will always be there" helps, too. And when I'm winning, no more of this, "Yes, f-u, market, I am the 5 %. Or when I lose, the revenge type trading. Just to see the market teaching you another lesson. Another reason that I like retracement trading. When you miss out, go for the retrace. But the key to that is, "has it bottomed or topped out yet?"
Time turns trend. - W.D. Gann
  • #781,411
  • Apr 2, 2013 11:04pm Apr 2, 2013 11:04pm
Well old JD needs his beauty rest. Good nite and good luck. Will try to catch the London action at some point when I get up to pee. BTW my long is ITM
Trade smaller than rational because the market is irrational...
  • #781,412
  • Apr 2, 2013 11:05pm Apr 2, 2013 11:05pm
well it was ITM now -2
Trade smaller than rational because the market is irrational...
  • #781,413
  • Apr 2, 2013 11:05pm Apr 2, 2013 11:05pm
this thread has more volatility these days then forex market.
  • #781,414
  • Apr 2, 2013 11:06pm Apr 2, 2013 11:06pm
One more news flash for your enjoyment

 

  1. Price has shown no willingness to bounce back above 200 day MA
  2. Bear correction sees 200 day MA almost retested y'day - now moving lower
  3. If prior lows at 1.275 get taken out, expect stops below Nov low to be tripped
  4. If price then holds below Nov low (1.2661), possible retest of 2012 lows
  5. Only holding above 200 day MA would alter bearish outlook
  6. Chart: http://link.reuters.com/kyv96t
  7. See (More) for more

Trade smaller than rational because the market is irrational...
  • #781,415
  • Apr 2, 2013 11:26pm Apr 2, 2013 11:26pm
Quoting KiwiTrada
I agree with your word being your bond But the the "Give me Liberty or give me Death" or "Death before Dishonor" BS Many young men and woman been sent to their deaths with that Glorified BS , there is a time to speak and a time to keep your mouth shut The rhetoric statements mean shit to all those lying in their graves
oops and is there ever going to be and end to gbp misery, data in 4hrs
If you are new to Forex? Say Goodbye to your account!!
  • #781,416
  • Apr 2, 2013 11:37pm Apr 2, 2013 11:37pm
morning everyone
ej done with SL manual..haha..ej lost -4.3%, cover for ej lost +7.1%
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  • #781,417
  • Apr 3, 2013 12:06am Apr 3, 2013 12:06am
where's ken?
uj looks to be aiming for 94
  • #781,418
  • Apr 3, 2013 12:12am Apr 3, 2013 12:12am
Quoting ec_creep
where's ken? uj looks to be aiming for 94
I don't think it'll go that high. Actually I think right about now is the time to go short on the lower frames.
Attached Image (click to enlarge)
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  • #781,419
  • Apr 3, 2013 12:25am Apr 3, 2013 12:25am
Quoting Kanzler
I don't think it'll go that high. Actually I think right about now is the time to go short on the lower frames. {image}
it might just get there and beyond, not breaking 94.50ish (haven't watch the levels closer, focusing eu). m15 is starting to turn, h1 on mine looks good to go up.
  • #781,420
  • Apr 3, 2013 1:15am Apr 3, 2013 1:15am
morning peeps
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