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Ramblings of a Forex Junkie

  • #2,201
  • Apr 8, 2013 10:29am Apr 8, 2013 10:29am
Quoting Seneca pilot
What really makes me mad is when I mismanage a trade. I sold the daily open on GU today and the price just ranged around all morning so I closed the trade at 1/1. It is now trading right around 2.5/1.
Indeed, it was like watching paint dry....
  • #2,202
  • Apr 8, 2013 10:36am Apr 8, 2013 10:36am
Quoting snail69
Indeed, it was like watching paint dry....
If you think about the psychology behind the market right now. It was a very emotional experience last week with very BIG winners and very BIG losers because the market moved so viciously. I bet if you missed making pips last week you spent the weekend feeling like a bit of an idiot.... Well

You're not the only one... Every man and his dog came into this week looking for revenge or more glory... It's a catch 22.. So whats our great friend Ms Market do... Basically the opposite to whatever mass psychology is going on out there.

The very reason I elected to go long on alcohol tonight instead of any currencies

We'll start moving again about the same time everyone has given up on their weekend hopes. Maybe I'm wrong but maybe I'm right

The money is in fking the most amount of people.. When has is never been

There was some scalp money available on the open drops but on this momentum I'm waiting for relativity (personally).. And as tempted as i am to drop a music video in here in respects to the ballzy fella above I think it may be better to "fk off to my own thread" haha what a legend.
Time hides Nothing
  • #2,203
  • Apr 8, 2013 10:40am Apr 8, 2013 10:40am
Do I get it right, in UJ there was Day Open trade long? About one and half our after day open. Day Open being 3 hours before London Open.
  • #2,204
  • Apr 8, 2013 11:03am Apr 8, 2013 11:03am
Don't have time to read through the post today, but I still want to come and say hi to SP....
Good jobs!
  • #2,205
  • Apr 8, 2013 11:47am Apr 8, 2013 11:47am
Quoting tdforex
Do you play OR with EU only or with other pairs too?
for good movers e/u and g/u when uk open, u/j when japan opens, oil when us opens. thats more than enough
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,206
  • Apr 8, 2013 11:49am Apr 8, 2013 11:49am
Quoting Snowbird
Olarion, Did you play the OR trade this morning? I should have pulled the trigger. I see that trade scored again. {image}
Yes, I did trade the OR (as SP mentioned correctly). I closed one half at 1/1, other half was stopped out at BE.
  • #2,207
  • Apr 8, 2013 12:26pm Apr 8, 2013 12:26pm
Quoting CindyXXXX
. The very reason I elected to go long on alcohol tonight instead of any currencies
LOL

GU was a pain for sure. I don't like the way Mondays move generally.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #2,208
  • Apr 8, 2013 1:02pm Apr 8, 2013 1:02pm
Quoting fisheggs
LOL GU was a pain for sure. I don't like the way Mondays move generally.
Were we trading the same pair ??? After breakout we had a nice 10/15 pip profit and then it wasranging and boxed in then a nice drop for another 40/50 pips, how many pips do you want lol. i only took 15. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,209
  • Apr 8, 2013 1:22pm Apr 8, 2013 1:22pm
Quoting tdforex
Do I get it right, in UJ there was Day Open trade long? About one and half our after day open. Day Open being 3 hours before London Open.
There was a valid entry off the daily open today on UJ. I don't have much success with UJ from this price. I think its because we have to wait for NY and Tokyo for the biggest moves normally. I find that it responds to the NY close very well though.
  • #2,210
  • Apr 8, 2013 1:37pm Apr 8, 2013 1:37pm
Quoting fisheggs
LOL GU was a pain for sure. I don't like the way Mondays move generally.
I've had a history of bad Mondays actually whether it be complacency or what I'm not sure. 60MM on the other hand claims that they are his best days... I wonder what the difference is there? hm...
Time hides Nothing
  • #2,211
  • Apr 8, 2013 2:10pm Apr 8, 2013 2:10pm
Quoting CindyXXXX
I've had a history of bad Mondays actually whether it be complacency or what I'm not sure. 60MM on the other hand claims that they are his best days... I wonder what the difference is there? hm...
I generally suck at Mondays. It is, by far, my worst day of the week. Tuesday through Thursday are my producing days. Mondays and Fridays I just dick around if I trade at all.
  • #2,212
  • Apr 8, 2013 2:14pm Apr 8, 2013 2:14pm
Quoting Seneca pilot
I generally suck at Mondays. It is, by far, my worst day of the week. Tuesday through Thursday are my producing days. Mondays and Fridays I just dick around if I trade at all.
Yeah, me too... I'm always anxious to trade come Monday so the first one is usually some kind of bull at the gate attempt.
But conversely Fridays historically have been very good to me.
Time hides Nothing
  • #2,213
  • Apr 8, 2013 2:26pm Apr 8, 2013 2:26pm
Quoting CindyXXXX
The very reason I elected to go long on alcohol tonight instead of any currencies
Lmao
What is any ocean but a multitude of drops?
  • #2,214
  • Apr 8, 2013 2:27pm Apr 8, 2013 2:27pm
Quoting CindyXXXX
Yeah, me too... I'm always anxious to trade come Monday so the first one is usually some kind of bull at the gate attempt. But conversely Fridays historically have been very good to me.
I have some forced discipline because I only will allow myself to trade at specific levels. Of course if you zoom out far enough there is always a level. Last night I had about ten weekly lows and highs in a cluster between 128 and 129 on EJ. I didn't know which one would turn price but there were so many I knew there would be a nice retracement. Soooo... I sold a bunch of them. I had eight units out in all. I didn't risk much on each trade but I made a killing on the big down move at 10:00 AM London. Risked about three percent and made five plus. Best Monday in weeks and all because I was just screwing around.
  • #2,215
  • Apr 8, 2013 2:32pm Apr 8, 2013 2:32pm
Quoting Xhale
Lmao
Long alcohol does sound pretty good. I haven't had any party time in a few months. twin babies take the party right out of you. they both have the same tree and plant allergies that I have so we are all three up all night sneezing and wheezing. Its a non stop party.
  • #2,216
  • Apr 8, 2013 3:37pm Apr 8, 2013 3:37pm
Quoting CindyXXXX
Yeah, me too... I'm always anxious to trade come Monday so the first one is usually some kind of bull at the gate attempt. But conversely Fridays historically have been very good to me.
Same here but my fridays are historically a little below breakeven for me. The trades are there but it never fails that when i do decide to open a trade on a friday the interruptions just pour in.
  • #2,217
  • Apr 8, 2013 5:54pm Apr 8, 2013 5:54pm
Quoting billytt
for good movers e/u and g/u when uk open, u/j when japan opens, oil when us opens. thats more than enough
True, 8 am at particular market.
  • #2,218
  • Apr 8, 2013 6:00pm Apr 8, 2013 6:00pm
Quoting CindyXXXX
If you think about the psychology behind the market right now. It was a very emotional experience last week with very BIG winners and very BIG losers because the market moved so viciously. I bet if you missed making pips last week you spent the weekend feeling like a bit of an idiot.... Well You're not the only one... Every man and his dog came into this week looking for revenge or more glory... It's a catch 22.. So whats our great friend Ms Market do... Basically the opposite to whatever mass psychology is going on out there. The very reason I...
Cindy, I meant watching the trade to materialize.... And it did albeit after long time.
  • #2,219
  • Apr 9, 2013 2:15am Apr 9, 2013 2:15am
Quoting Seneca pilot
There was a valid entry off the daily open today on UJ. I don't have much success with UJ from this price. I think its because we have to wait for NY and Tokyo for the biggest moves normally. I find that it responds to the NY close very well though.
Thank you.

Do you mean that regarding UJ, the right price level to take trades is NY close, but the first trades are about 2 hours before London open just like with EU, GU and EJ?
  • #2,220
  • Apr 9, 2013 2:27am Apr 9, 2013 2:27am
[quote=tdforex;6586908]Thank you. Do you mean that regarding Uj

hello, i actually traded u/j on the jpn open at 00-00 uk time. This is second night running i have done it and WOW easy pips. Like i said earlier trade the currency of the country that opens, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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