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  • #805,781
  • Jun 6, 2013 4:54pm Jun 6, 2013 4:54pm
Quoting Pair-me-up
{quote} So, you think it will retrace further before going for 1.42xx?
I don't think at this point, I just hope it will retrace a 1000 pips in the next few weeks and give me positive swap every day and pip gain.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #805,782
  • Jun 6, 2013 4:57pm Jun 6, 2013 4:57pm
Quoting SugarPink
That dil seems to be one of mine people! He knows whats up
its starting to make sense now.
those who can, do. those who cant, talk about those who can
  • #805,783
  • Jun 6, 2013 4:58pm Jun 6, 2013 4:58pm
Quoting gatorinla
{quote} i dont have a clue.. i use charts mostly

Thanks..

However, with all due respect... you don't use other markets like the S and P 500 or the Dow Jones, gold, oil, etc to see how part of one market may affect another market? Only charts.. That is very amazing and you have a lot of trust that you put into your charts.

What specific thing about charts give you such incredible trust? Your mofu s/r levels.
Luck has no place in trading. Leave that for the poker table.
  • #805,784
  • Jun 6, 2013 5:01pm Jun 6, 2013 5:01pm
Quoting Pair-me-up
{quote} Thanks.. However, with all due respect... you don't use other markets like the S and P 500 or the Dow Jones, gold, oil, etc to see how part of one market may affect another market? Only charts.. That is very amazing and you have a lot of trust that you put into your charts. What specific thing about charts give you such incredible trust? Your mofu s/r levels.

Didn't I hand you some homework? What did you find out about the assignment?

You're like the 12-year-old coming from the library with 100s of books and 2-week-deadline to return them.
  • #805,785
  • Jun 6, 2013 5:01pm Jun 6, 2013 5:01pm
Quoting attila
3349 just showed up.. no idea how's gonna get there.. and 3444 higher.. hmm..
Quoting BlueCirrus
{quote} Hi Gator, Mr Hatch, Attila..... You're saying that he candle must close above or below the mofu in order to be a valid cross - right? That's the way interpret it anyway. Quick question...Do you (or Attila or Mr Hatch) have any longer term scenario (several weeks) that might include a run to 1.3526 before your 1.2663 target?
Glad to see some of you guys are seeing a similar situation...Have 3350 as an interim level....
  • #805,786
  • Jun 6, 2013 5:02pm Jun 6, 2013 5:02pm
Quoting KillerWhale
{quote} I don't think at this point, I just hope it will retrace a 1000 pips in the next few weeks and give me positive swap every day and pip gain.
I did notice that the daily rollover when that pair is being shorted is quite nice.
Luck has no place in trading. Leave that for the poker table.
  • #805,787
  • Jun 6, 2013 5:03pm Jun 6, 2013 5:03pm
Quoting KillerWhale
{quote} I don't think at this point, I just hope it will retrace a 1000 pips in the next few weeks and give me positive swap every day and pip gain.

4040/60 min on week charts
those who can, do. those who cant, talk about those who can
  • #805,788
  • Jun 6, 2013 5:05pm Jun 6, 2013 5:05pm
Quoting Pair-me-up
{quote} Thanks.. However, with all due respect... you don't use other markets like the S and P 500 or the Dow Jones, gold, oil, etc to see how part of one market may affect another market? Only charts.. That is very amazing and you have a lot of trust that you put into your charts. What specific thing about charts give you such incredible trust? Your mofu s/r levels.
You are smart, but don't think you can trade or follow all the markets at the same time.
I'm trading 6 pairs at this moment and believe me it's not easy to trade all of them at the same time with the respect they deserve.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #805,789
  • Jun 6, 2013 5:14pm Jun 6, 2013 5:14pm
Quoting Mr Hatch
{quote} Ok, I'm in my 4th year now trading, and it will take me 5 minutes to make you beat the markets hands down. You'll need to tweak a bit, but that's your homework for tomorrow. Lesson one: Money Management - read up a bit on mm and risk-reward, take a piece of paper and write down, "I will only take a trade with a risk-reward-ratio of 1:4" - forget about the "never risk more than x% on any trade"-rule... that one is complete bullshit. --> here you need to find out, why that is the case, yourself. be on low end when risking money. Lesson...
I understand don't over leverage.. That way if you are wounded... you are still around to trade another day.
You say... Read up on risk reward... Read from what book that explains this in sharp detail? I have plenty of charts, but then you say... nothing below H4 expectancy.... I am familiar with Japanese Candle sticks.. I can even speak some Japanese and know that some of the translations for some of those candle stick patterns.... well just say lost in translation. lol What is the title of a book to read that is specific to pin bars? Also, will you post a chart and explain your risk reward in visual form? Like most men, I am a logical thinker and unlike women we just can't guess the answer.. that is based on solid science by the way.... the part about how men and women think.. which is based on different brain function.. lol Also.. I asked you what rrr perspective was. You never responded. I will try to learn what anyone is willing to teach. But I am not one of those no questions asked just follow me on blind faith with the art of teaching without teaching, can't think students. lol
Luck has no place in trading. Leave that for the poker table.
  • #805,790
  • Jun 6, 2013 5:15pm Jun 6, 2013 5:15pm
Quoting Pair-me-up
{quote} Thanks.. However, with all due respect... you don't use other markets like the S and P 500 or the Dow Jones, gold, oil, etc to see how part of one market may affect another market? Only charts.. That is very amazing and you have a lot of trust that you put into your charts. What specific thing about charts give you such incredible trust? Your mofu s/r levels.

i may see them pointing at something. and when they correlate, its fine .. its rare that all agree at the time moment i squeeze.
i look at longer term stuff. and nothing has changed since last summer. the eu is up from larger forces then me. right at the critical point before a fall with nothing but air under it.. just like the past nfp since late last year. the difference is this time, is they got above 3241... that's a monkey wrench in the charts.
those who can, do. those who cant, talk about those who can
  • #805,791
  • Jun 6, 2013 5:16pm Jun 6, 2013 5:16pm
Quoting Mr Hatch
{quote}...End. Took me 5 mins. to write down, a whole lot more to understand the importance of That one's for free. The fine-tuned things I and many others do don't belong here.
...so simple and basic concepts but so difficult to understand and to accept in 2 practice...that is definitely were the money is...

Quoting Ambar
{quote} It's very easy to analize after the fact. żDo you keep your words this is still a cheap ticket to get the train downside? I understand that a sweep of stops is in order to go in the opposite direction. Right?
Yes. It is always easier to analyse after the fact. Analysing live is a different beast, making available to the public with conviction is hard, translating and incorporating that to a trading plan is even harder, making all that and been not always but consistently right is the hardest .... You should aim for that if you are interested in FA as if successful the payoff is very rewarding...

i don't have cheap ticket to the downside as I was not aiming for shorts at these levels today.

On stops. No really. Well, A run of stops (especially intraday) is very common before the "real" move to e other side but those are mostly micro retail getting caught like sitting ducks.

While a clean sweep is usually a major run on real money stops (like today in the yen and in the euro) that most if not all the time indicate a structural change in the market on the making (new trend, end of trend, about to form major consolidation zone, etc).

Example of a run of stops you can find everyday around fran/London open/close or around minor news releases, or dead time hours where only newbies and algos are trading. A major clean sweep is for example gold cleaning 200 points down running half of the gold funds stops with it or s&p annihilating all time highs, etc etc

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #805,792
  • Jun 6, 2013 5:17pm Jun 6, 2013 5:17pm
Quoting KillerWhale
{quote} You are smart, but don't think you can trade or follow all the markets at the same time. I'm trading 6 pairs at this moment and believe me it's not easy to trade all of them at the same time with the respect they deserve.

Good point.
Luck has no place in trading. Leave that for the poker table.
  • #805,793
  • Jun 6, 2013 5:19pm Jun 6, 2013 5:19pm
Quoting attila
{quote} 500 pips is not normal.. 200 is not that out of ordinary.. I've seen worse.
You are right, but it is not the normal day.
This year, two times:

10-January: 213 pips
25-February: 235 PIPS
  • #805,794
  • Jun 6, 2013 5:22pm Jun 6, 2013 5:22pm
Quoting gatorinla
{quote} i may see them pointing at something. and when they correlate, its fine .. its rare that all agree at the time moment i squeeze. i look at longer term stuff. and nothing has changed since last summer. the eu is up from larger forces then me. right at the critical point before a fall with nothing but air under it.. just like the past nfp since late last year. the difference is this time, is they got above 3241... that's a monkey wrench in the charts.
Thank you so much.. Excellent answer and insight. You have been trading for a long time to know how different events have affected things in the past. Do you make a diary of such events?
Luck has no place in trading. Leave that for the poker table.
  • #805,795
  • Jun 6, 2013 5:25pm Jun 6, 2013 5:25pm
Quoting Pair-me-up
{quote} I understand don't over leverage.. That way if you are wounded... you are still around to trade another day. You say... Read up on risk reward... Read from what book that explains this in sharp detail? I have plenty of charts, but then you say... nothing below H4 expectancy.... I am familiar with Japanese Candle sticks.. I can even speak some Japanese and know that some of the translations for some of those candle stick patterns.... well just say lost in translation. lol What is the title of a book to read that is specific to pin bars? Also,...
go back to the post you quoted from me and look at gator's post. he showed you the answer. in short, rrr 1:4 means getting 4$ out of 1$ risked. man or woman, but you're asking questions better answered over www.babypips.com.

We all were newbies, but unlike today's generation we didn't hide distractions behind scientific data or abilities we had, we worked to learn. So, do what I told you, google is your friend. When you have data telling me how many pinbar-/hammer-trades (as you said, you are familiar with candlesticks) brought you money and how many lost you money (I know the answer already back to 2008), come back and tell me whether you are prepared to take the next step.

And don't always blame the teacher for your own laziness, it doesn't work.
  • #805,796
  • Jun 6, 2013 5:27pm Jun 6, 2013 5:27pm
Open question:


So the consensus is now that EUR/USD will blast up past 1.34x possibly higher to 1.4040/60 before retreating?

Is this assuming a poor NFP?

Thanks for accommodating what is a new person in comparison to the true master senseis of 4X here.
  • #805,797
  • Jun 6, 2013 5:28pm Jun 6, 2013 5:28pm
Quoting KillerWhale
{quote} You are smart, but don't think you can trade or follow all the markets at the same time. I'm trading 6 pairs at this moment and believe me it's not easy to trade all of them at the same time with the respect they deserve.

then how is this guy going to learn? we should close our positions and answer all the silly questions for the billionth time. answer the 50 pm's .. instead of them doing some work and going through the history. stop trading man.. give them what they paid for.
those who can, do. those who cant, talk about those who can
  • #805,798
  • Jun 6, 2013 5:28pm Jun 6, 2013 5:28pm
I will post my first chart, im new to TA so be nice. I see a downtrend
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yep I do contribute!
"You're solid gold, see you in hell"
  • #805,799
  • Jun 6, 2013 5:29pm Jun 6, 2013 5:29pm
Quoting BlueCirrus
{quote} {quote} Glad to see some of you guys are seeing a similar situation...Have 3350 as an interim level....

my levels,, 33xx in size are (3315 and 3356 )..
  • #805,800
  • Jun 6, 2013 5:30pm Jun 6, 2013 5:30pm
Slowly I'm becoming rich!
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New voice message: Why are you calling me? If I need you, I'll call you!
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