{quote} Nice trade! Is that news trading or not?
mind over matter
- #13,941
- May 24, 2013 1:47am May 24, 2013 1:47am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
- #13,942
- May 24, 2013 1:48am May 24, 2013 1:48am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
{quote} I stayed right out of it.... but I'm going to be very annoyed if we get back into the 1.30's again!
mind over matter
- #13,943
- May 24, 2013 1:49am May 24, 2013 1:49am
{quote} I stayed right out of it.... but I'm going to be very annoyed if we get back into the 1.30's again!
......Euro just loves it there. I did not trade that either......
- #13,944
- May 24, 2013 1:50am May 24, 2013 1:50am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} RJ, you know better than anyone else that anything is possible in the market
Doing what you like is Freedom. Liking what you do is Happiness.
- #13,946
- May 24, 2013 1:58am May 24, 2013 1:58am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} Duly notedJumped in somewhat halfway through, but still good for +23. {image}
.... laughing all the way to the bank
- #13,947
- May 24, 2013 2:00am May 24, 2013 2:00am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} There's bound to be a muppet behind this love affair with the 1.30's......
....... see what I mean Jamz?
.... laughing all the way to the bank
- #13,948
- May 24, 2013 2:01am May 24, 2013 2:01am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
{quote} There's bound to be a muppet behind this love affair with the 1.30's......
mind over matter
- #13,949
- May 24, 2013 2:06am May 24, 2013 2:06am
{quote} ....... see what I mean Jamz?
Yes, Kelly, I have somehow developed a "muppet hatred syndrome" just by being on this thread.....I hope ninja warriors are not headed my way....I didn't really mean what I said about those most respected polititicians......
- #13,950
- May 24, 2013 2:06am May 24, 2013 2:06am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} ....... see what I mean Jamz?
Doing what you like is Freedom. Liking what you do is Happiness.
- #13,952
- May 24, 2013 2:25am May 24, 2013 2:25am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
{quote} Well...Ok, then. Edit: the way I put it to myself - if RJ didn't take it than it probably was trading news...
mind over matter
- #13,953
- May 24, 2013 2:28am May 24, 2013 2:28am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
{quote} Good call Jo
mind over matter
- #13,954
- May 24, 2013 2:28am May 24, 2013 2:28am
{quote} CW, I agree the trade was taken during the news, but what gave me additional confidence in that long was a look at the H4 chart. There clearly is a HL, a bounce off a BRN 1.29 and the matrix plus both stochs spelling bullish momentum. It is only logical that the price might be heading towards 1.30 again. But that is no prediction, just my amateurish thought process. No wonder RJ didn't take the trade!
Kosmo, thank you for this explanation, it help to see it with your eyes.
- #13,955
- May 24, 2013 2:31am May 24, 2013 2:31am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
{quote} Thanks, Kelly. Now tell me not to give it back, so that I can enjoy my weekend
.... lol... don't give it back ...... don't give it back....
.... laughing all the way to the bank
- #13,956
- May 24, 2013 2:36am May 24, 2013 2:36am
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
{quote} Kosmo, thank you for this explanation, it help to see it with your eyes.
mind over matter
- #13,958
- May 24, 2013 2:44am May 24, 2013 2:44am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
{quote} CW, I agree the trade was taken during the news, but what gave me additional confidence in that long was a look at the H4 chart. There clearly is a HL, a bounce off a BRN 1.29 and the matrix plus both stochs spelling bullish momentum. It is only logical that the price might be heading towards 1.30 again. But that is no prediction, just my amateurish thought process. No wonder RJ didn't take the trade!
- #13,960
- May 24, 2013 3:03am May 24, 2013 3:03am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Kosmo, I'm adopting a m5-m60 strategy for now, and I'm looking for a setup after a h1 pullback. This trade you took, I hesitated about taking it but wasn't sure yet. Case in point, I got my m5 short signal which I ignored, now if I get a long one after, unless things have changed and price isn't making higher lows, I just might take it. It seems logical to me. {image}
See the chart below.....the stoch has fallen....yet the price continues to fall. Just because the stoch has fallen that does not necessarily mean that the price is over sold...it can also mean that the bulls are very strong, so a short entry on a pullback is valid.
Also, when Cody, Olivia, Wiz3003 and I worked on the 15/5 strategy, we looked first the 60 - 5 strategy developed for the Symphonie system by Yelena. We all agreed that unless we we in a very strong trend, the time difference between M5 and M60 was far too great. There are 12 5 minute 'blocks' per 60 minutes. That is to say that the trend may turn in the first one or two 5 minute blocks, but it won't become apparent until the H1 candle closes......in 50 minutes time!! If that were to happen....and it will happen, the M15 will pick it up within 3 5 minute blocks.......3 x 5 = 15.
The 60/5 method can work in a decent trend, but it *will* catch you out sooner or later....and in short trends or choppy markets like EU has been most of this year, you will get killed!!
Take some time out man.....calm down.....this is simple, don't make it harder than it is. Have a look at the 5 - 15 PDF and come back next week with a clear head....and read up on stoch
Doing what you like is Freedom. Liking what you do is Happiness.