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  • #783,001
  • Apr 4, 2013 1:43pm Apr 4, 2013 1:43pm
Quoting 21vs7
days not over yet
just back..suuckers want mooo I see

Quoting 21vs7
i have 122,45 which is in play atm....otherwizze 124.82
124,82 min
  • #783,002
  • Apr 4, 2013 1:43pm Apr 4, 2013 1:43pm
Quoting ForExtraPips
That's what I'm working on. The daily candle opens for me right after supper. Plan my trade, then trade my plan. And let it run, while I go do something else. A lot less stressful.

Everybody has their own time i suppose. for example she's (eur/usd) the first thing and the last thing on my mind everynight before i go to sleep. I containsly check PA. For example i'm at work right now and checking PA. I wake up several times in the middle of the night to check PA...we all have dedciation to this game. We all know this business is hard. But not impossible.
  • #783,003
  • Apr 4, 2013 1:45pm Apr 4, 2013 1:45pm
look at little miss .eu - pretending she just can't go any higher
  • #783,004
  • Apr 4, 2013 1:46pm Apr 4, 2013 1:46pm
Quoting thestarting
The pyramid method trading is interesting to me. Do you know some more information on it? Thanks in advance. When i scalp i trade the 5 into the 1H chart.
I think you can search my name and see my posts. If not PM me and I will type something up.

I dont want to repeat my dribble here they will run me out of the gate with a boot up my a*s.
Trade smaller than rational because the market is irrational...
  • #783,005
  • Apr 4, 2013 1:47pm Apr 4, 2013 1:47pm
Quoting thestarting
Everybody has their own time i suppose. for example she's (eur/usd) the first thing and the last thing on my mind everynight before i go to sleep. I containsly check PA. For example i'm at work right now and checking PA. I wake up several times in the middle of the night to check PA...we all have dedciation to this game. We all know this business is hard. But not impossible.
I know what you mean. Last night, went out with the family to grab a bite to eat, and what am I doing? Checking my phone, to see what price was doing. Then on the way home, a wreck on the bridge. Traffic backed up for miles. On my phone, checking price, while stuck. Addicting, indeed.
Time turns trend. - W.D. Gann
  • #783,006
  • Apr 4, 2013 1:47pm Apr 4, 2013 1:47pm
Quoting EuroTraderJD
I think you can search my name and see my posts. If not PM me and I will type something up. I dont want to repeat my dribble here they will run me out of the gate with a boot up my a*s.
hahah understood. We'll leave that for another day. But i will pm you, thank you sir!
  • #783,007
  • Apr 4, 2013 1:48pm Apr 4, 2013 1:48pm
Quoting Tom_D_Trader
Just more to the topic. You would be right if we werent dealing with banking sector liquidity squeeze. Understand, banks in EU lost so much thanks to a) mortgage crisis 2007 b) sovereign crisis running now. So they are really in need of cash and monetary stimulus gives them option to invest and gain lost strength. If they had money and markets behaved normally, you would be right and some of excess cash would flow to SMEs through loans and would result in inflation and lower EUR value.
well i was just mentioning the effects of interest rates on a normal market, and it still applied to the EURUSD today that market had a rate cut priced in, so the immediate effect if draghi would cut rate, wouldnt cause EURUSD to drop much hence priced in...
but the fact he didnt cut rate, was out of market's expectation hence a lot had to reverse their position.
but this of course is not good news....

this is ECB's way of giving short term gains in EURO (hence the rally we have today) for perhaps a disastrous future.... seemingly similar to Japan's Deflation... i swear to god... Europe should really take a hit NOW, print shit loads, lower rates, so that they can reboost growth...
otherwise europe's gona slowly drift into deflationary territories....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #783,008
  • Apr 4, 2013 1:49pm Apr 4, 2013 1:49pm
1.2903 still needs a re-test, if not today prolly tomorrow..
Patience is a virtue...
  • #783,009
  • Apr 4, 2013 1:49pm Apr 4, 2013 1:49pm
Quoting ForExtraPips
I'm waiting to see what price does if it touches the 1.2853 area, then to see if it breaks out to the upside, with a target of 1.2953 or down with a target of 1.2808 area, later on.

It's trying so hard to hit that upside target.
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Time turns trend. - W.D. Gann
  • #783,010
  • Apr 4, 2013 1:50pm Apr 4, 2013 1:50pm
Quoting fxtyrant
That is actually a very very bad practice... who taught you that?? if you're scalping you must be using tight stops.... not open stop... what if a news event hits you in the face... when do you know is the right time to get out? Your method of not using SL to SCALP is the BEST way to burn an account.... drop that habit cuz its gona kill you one day.
This is good advice......been trading 8 years now and today I was just trying to scalp and failed to set a stop, this is not the worst day I ever had, but it ranks up there. Currently at a 24% DD, looking for a change of direction. The difference between me and many traders I only trade with a small percent of available capital......"Fun Money" Today it just isn't as much fun as usual. About the time you think you have got a good handle on trading you get a wake up call, welcome to the world of FOREX.
  • #783,011
  • Apr 4, 2013 1:51pm Apr 4, 2013 1:51pm
Quoting MaxDoom
yes all good thanks. I was long over night but with a TP so only got 120 from that, went long this morning for 113 then some shorts for around 50, then i went out Came back a little while ago into a long which I closed and reversed as posted a little while back. so nice day, great PA in terms of structure and predictability. now if we can just get a retrace going
Nice mate! It's a nice start to the retracement, let's hope it can keep the momentum through NFP tomorrow. It might be the case of market getting tired of EZ crap. Last time they talked about Greece defaulting and we ended up with 1.37. At some point market does what market wants. From a technical point, we are well overdue for a correction as you know Hope you have a great evening, I'm off to drink some red wine and relax. Laters
  • #783,012
  • Apr 4, 2013 1:53pm Apr 4, 2013 1:53pm
Quoting ForExtraPips
That's what I'm working on. The daily candle opens for me right after supper. Plan my trade, then trade my plan. And let it run, while I go do something else. A lot less stressful.
and the best thing about trading like this monitoring the comp on daily candle opens, opens me up to many other currency pairs i've never dreamed of trading...
when EURUSD doesnt make any sense... you see EURJPY moving, you see EURCAD moving, you see EURGBP moving and stuff...

so for me its a way of diversifying volatility in a pair by trading multiple pairs...
my trade station has currently 32 pairs in monitor, and all i need to do is to give each of them a view at 10PM gmt when new candles open which takes about 5 minutes per pair....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #783,013
  • Apr 4, 2013 1:54pm Apr 4, 2013 1:54pm
Quoting EuroTraderJD
I think you can search my name and see my posts. If not PM me and I will type something up. I dont want to repeat my dribble here they will run me out of the gate with a boot up my a*s.
haha one day you will need to create tutorial and post.
"You're solid gold, see you in hell"
  • #783,014
  • Apr 4, 2013 1:55pm Apr 4, 2013 1:55pm
Quoting fxtyrant
and the best thing about trading like this monitoring the comp on daily candle opens, opens me up to many other currency pairs i've never dreamed of trading... when EURUSD doesnt make any sense... you see EURJPY moving, you see EURCAD moving, you see EURGBP moving and stuff... so for me its a way of diversifying volatility in a pair by trading multiple pairs... my trade station has currently 32 pairs in monitor, and all i need to do is to give each of them a view at 10PM gmt when new candles open which takes about 5 minutes per pair....

Excellent idea, with the multiple pair thing. Like you said, if this pair doesn't have a signal (trade set up), move to another one, that does. The other pair that I'm really addicted to is the EUR/NZD, so I can check the daily opening on that one, too. Then start adding more to the line up.
Time turns trend. - W.D. Gann
  • #783,015
  • Apr 4, 2013 1:56pm Apr 4, 2013 1:56pm
d
Quoting ForExtraPips
I know what you mean. Last night, went out with the family to grab a bite to eat, and what am I doing? Checking my phone, to see what price was doing. Then on the way home, a wreck on the bridge. Traffic backed up for miles. On my phone, checking price, while stuck. Addicting, indeed.
but atleast trading the daily chart and monitoring for entry on every candle open gives you a LIFE.....
i seriously know some friends whos doing an associate program with a bank (better not name it), they seriously have their eyes glued ont the computer screen.... only time they get to take their eyes off is toilet breaks and lunch, but even toilet breaks and lunch is accompanied with their iphone or blackberry for a price feed....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #783,016
  • Apr 4, 2013 1:58pm Apr 4, 2013 1:58pm
Quoting EuroTraderJD
I hyper scalp and dont use SL. Trade smaller than rational in a pyramid both long and short at the same time. But thats how I roll. No blown accounts in over 18 months. If you dont use SL your MM better be good. I have a program for that but everyone here has heard that before from me.
Hi ET


Your system sounds very interesting.Would you mind uploading a pick to show you different long short positions you have open at the moment and how you calculate position size

Thanks for your time.
We miss 100% of the shots we don't take
  • #783,017
  • Apr 4, 2013 1:59pm Apr 4, 2013 1:59pm
Quoting fxtyrant
Europe should really take a hit NOW, print shit loads, lower rates, so that they can reboost growth... otherwise europe's gona slowly drift into deflationary territories....
Well, since market reaction was short cover, you may be right in the end. But if this was really the case, short covering would lead us much higher in coming days, like ,31 or ,32. We shall see later.

Regarding ECB need to print, they didnt need to, because banking sector is currently beeing refilled by new BOJ stimulus. Thats why Draghi stayed on sidelines imo. I am talking about CB union for quite some time, but the point is BOJ, ECB, FED, SNB, BOE (and few more, but these are the main, apart from PBOC, which is helping different way) all have extended swap agreements. In the end, it doesnt matter which of those banks prints the money, because they will simply send excess cash to their peers through swap agreements. They are all in this together.
"I know one thing, that I know nothing." Sokrates
  • #783,018
  • Apr 4, 2013 2:00pm Apr 4, 2013 2:00pm
Quoting 1candlepower
look at little miss .eu - pretending she just can't go any higher
now, missy .eu says: "oh my, i do declare (!) i feel so faint, rolling over... i think i'm about to re-trace"!!

yeah, right.
  • #783,019
  • Apr 4, 2013 2:00pm Apr 4, 2013 2:00pm
sl @ 1.2890
Damn day just 160 pips, not enough 4 me
I'm trying to re-analyze the chart...
who can help??
  • #783,020
  • Apr 4, 2013 2:02pm Apr 4, 2013 2:02pm
According to Yonhap South Korea News Agency, North Korean troops are showing increased activity....
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