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  • #799,041
  • May 17, 2013 9:12am May 17, 2013 9:12am
Quoting attila
I'm not longing here. I think there's another low.
Okay i'll buy it then even though i'm already in.

I want to see if they can crack 1,283x or if they are too lazy for that
COT: The precious data ignored
  • #799,042
  • May 17, 2013 9:12am May 17, 2013 9:12am
Quoting attila
{quote} just be careful.. u/j going ballistic.
Ain't UJ very close to an upper trend line support ? Ain't we are planning on looking for bears around it ? i might just be wrong. that's what i have found out. never mind me though , i don't trade UJ.

Good luck to you my brother !
Fools Rushing
  • #799,043
  • May 17, 2013 9:12am May 17, 2013 9:12am
all right, day is gone. was sneaky today but my friend of deutsche bank made my day. I meet them later at evening today at some... well you know - givin' money back to economy
  • #799,044
  • May 17, 2013 9:14am May 17, 2013 9:14am
Quoting MTF Test
{quote} Ain't UJ very close to a upper trend line support ? Ain't we are planning on looking for bears around it ? i might just be wrong. that's what i have found out. never mind me though , i don't trade UJ. Good luck to you my brother !
Abe has complete disregard for technicals as far as I can tell..

edit: spx and the cripple are going separate ways again.
  • #799,045
  • May 17, 2013 9:14am May 17, 2013 9:14am
Why do people keep trying to buy it without it settling?
When the facts change I change my mind, what do you do sir
  • #799,046
  • May 17, 2013 9:17am May 17, 2013 9:17am
Quoting attila
{quote} Abe has complete disregard for technicals as far as I can tell..
Dollar up, yen down lol. Dollar obeyed technicals which should carry over to USDJPY. Abe is also announcing his second tier of QE at the G8 summit. I mentioned 103.15 would be hit. See 107 by end of year if all remains equal
When the facts change I change my mind, what do you do sir
  • #799,047
  • May 17, 2013 9:20am May 17, 2013 9:20am
Looks like profit taking at the neckline, I am done for the day. Great Week! Here is my thoughts for EW on EU. Have a great weekend.
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  • #799,048
  • May 17, 2013 9:23am May 17, 2013 9:23am
About getting ugly on eurusd.....eurgbp last good bids?
They think they are smarter than I am.
  • #799,049
  • May 17, 2013 9:28am May 17, 2013 9:28am
Quoting Pip Anon
Why do people keep trying to buy it without it settling?
Probably coz "sucking early blind bulls...." as he said
http://www.forexfactory.com/showthre...12#post6681612
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #799,050
  • May 17, 2013 9:34am May 17, 2013 9:34am
That's it for NY ? They've done their best ...30 pips move
COT: The precious data ignored
  • #799,051
  • May 17, 2013 9:35am May 17, 2013 9:35am
Quoting kuroro001
That's it for NY ? They've done their best ...30 pips move
they'll want a low of they own..
  • #799,052
  • May 17, 2013 9:36am May 17, 2013 9:36am
Lower tf last action > artist impression.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #799,053
  • May 17, 2013 9:37am May 17, 2013 9:37am
todays results
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been there done that, Good Bye
  • #799,054
  • May 17, 2013 9:38am May 17, 2013 9:38am
Quoting attila
{quote} they'll want a low of they own..
Either that or they want 1,287x.

I'll just buy at this levels anyway
COT: The precious data ignored
  • #799,055
  • May 17, 2013 9:40am May 17, 2013 9:40am
Quoting kuroro001
{quote} Either that or they want 1,287x. I'll just buy at this levels anyway
Not buying it here, so I better go take a nap.
  • #799,056
  • May 17, 2013 9:41am May 17, 2013 9:41am
good choice , , its not over yet , just my opinion
Quoting attila
{quote} Not buying it here, so I better go take a nap.
  • #799,057
  • May 17, 2013 9:41am May 17, 2013 9:41am
Quoting WhiteHorse
todays results {image}
Really ? With this strategy it's a matter of time you get kicked by the market.

1 bad trade is cancelling 4 good ones.

And taking 2 pips for a 15 pips sl ?
COT: The precious data ignored
  • #799,058
  • May 17, 2013 9:42am May 17, 2013 9:42am
Quoting Pip Anon
Why do people keep trying to buy it without it settling?
Because the obsession to trade and catch the ultimate pippete low or high....

In real terms, scared money, small capital, inner demons after blowing a couple of accounts, etc tempt a lot of traders (usually the newcomers DON'T have this problem, actually the opposite they usually act reckless) to think that taking the ultimate top/bottom in m1 with 4 ticks stop and from them trailing a monthly swing of 1000 ticks is the solution for their problems.

At the end they usually end up doing neither scalping fast, neither swinging....but catching 1 or 2 tops/bottoms every 10 times and v. painfully and slowly draining to death with small loser and never holding more a few ticks the good trades....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #799,059
  • May 17, 2013 9:42am May 17, 2013 9:42am
Quoting gatorinla
s/o L at 2845.. no positions for me atm .. looking to s 2909/2929... i suck at chasing a b/o, so i dont chase.. 2802.9 is the mirror image of 2929.. the 3097 norm isn't looking so good atm.. neither is 2909/2929... watching 2902.9 atm.. 2929 was missed, i often see it come back to it, it almost never does not get that single pip even after a move such as today ,, .
2887 or 89 is a norm
those who can, do. those who cant, talk about those who can
  • #799,060
  • May 17, 2013 9:42am May 17, 2013 9:42am
Quoting Avir
{quote} Probably coz "sucking early blind bulls...." as he said http://www.forexfactory.com/showthre...12#post6681612
Sisse has good comments, and I agree that equities is like a bucket of water that is about to overflow. It's just odd to see traders constantly trying to go long in a hard downtrend. And they will say "I have a tight SL." I strongly believe in trading efficiency. I just don't see the benefit of constantly risking 10-20 pips to catch maybe 50 or 100 when you can trade with the current, risk 30-50 pips and pick up a few hundred or even waiting for real direction change and risk 20 for 100.

One of my biggest problems when I first started was overtrading by looking at lower TFs and whatnot. I scaled out, analyzed the bigger picture. I could place one primary trade, maybe adding legs, and let it go. If the direction changes I exit.

Not to pick on SugarPink because I like the guy, but he was always trying to pick out squeezes while is just continued downward. Just not efficient.
When the facts change I change my mind, what do you do sir
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