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  • #815,561
  • Jul 16, 2013 2:32am Jul 16, 2013 2:32am
Quoting Chicky
{quote} Out of many, I use only two indicators that never fail and have amazingly perfect timing. Every body can use them: 1. Feelgoodindicator 2. Feelnotsogoodindicator Ps. They are german

Autobahn-tested?
  • #815,562
  • Jul 16, 2013 2:33am Jul 16, 2013 2:33am
Quoting Likerty
UJ sits at a bounce point, but EU wants to spike above 3080 before moving lower..
I'm short NU, AU, long UJ, but cant make my mind with EU yet.. Its either going down from here or from 3120/30 or it will range until some fundamental trigger will agree with downward direction..
69
  • #815,563
  • Jul 16, 2013 2:34am Jul 16, 2013 2:34am
Back to business.

I have 1.2950 and 1.2900 if it fails to break the resistance at 1.3100. Seems very simple and childish comment, but this is actually what I have for days.
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The Thief of Wall Street
  • #815,564
  • Jul 16, 2013 2:34am Jul 16, 2013 2:34am
Infinitus you couldn't have said that better! I'm also curios how people assume when price breaks certain price level that this and that would happen. I'm fascinated!
  • #815,565
  • Jul 16, 2013 2:38am Jul 16, 2013 2:38am
a probability stays a probability no matter how good you are at mathematical calculations. I am sure most here aren't trying to "pin pointing" i.e. with extreme accuracy, but rather figuring out where the greatest probability of a move is. There are too many variables with to fluctuating weights that cannot be mathematically applied constantly... it is like predicted a babies every move till he dies. But what is your point?


Quoting infinitus
Food for thinking: I know some very high sophisticated mathematician. Some even worked as Quant-Trader. Their mathematical understanding goes beyond my head, and I think, beyond every others head here. None of them, nevertheless, is able, to pinpoint moves. None of them...... How is that? Over the last weeks I read a lot of stuff here in EURUSD thread. And my impression is, that most people here are under the impression, they are able, or able to learn, pinpointing the moves. I have read comments like 1+1=2 (hi Hatch ), or the...
  • #815,566
  • Jul 16, 2013 2:39am Jul 16, 2013 2:39am
EUR/USD Support Resistance levels still valid from yesterday. (I use those lines for scalping)
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  • #815,567
  • Jul 16, 2013 2:41am Jul 16, 2013 2:41am
Heavy Resistance on the Top also. Becareful when Trading
EURUSD Analysis ~ fxalibaba
Current EURUSD price will do any Breakout? Or Keep Ranging?
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  • #815,568
  • Jul 16, 2013 2:41am Jul 16, 2013 2:41am
Quoting Chicky
{quote} Many times I feel like writing something. Few times I write something stupid, this was one of such times. By the way, how much your broker made from you?
Haha, Iīd say the only correct answer here is - too much
Quant Hedge Fund CEO
  • #815,569
  • Jul 16, 2013 2:42am Jul 16, 2013 2:42am
Quoting infinitus
Food for thinking: I know some very high sophisticated mathematician. Some even worked as Quant-Trader. Their mathematical understanding goes beyond my head, and I think, beyond every others head here. None of them, nevertheless, is able, to pinpoint moves. None of them...... How is that? Over the last weeks I read a lot of stuff here in EURUSD thread. And my impression is, that most people here are under the impression, they are able, or able to learn, pinpointing the moves. I have read comments like 1+1=2 (hi Hatch ), or the...

agree most part of what you said.

price patterns tell about the tendency of where price is going. each pattern has its own probability of success or fail rate. combining pattern with probability and money management, one should make money.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #815,570
  • Jul 16, 2013 2:42am Jul 16, 2013 2:42am
Quoting Larseg
{quote} Even funnier is that when you figure that out, you dont really need any indicator... Lars
Pretty much.
Quant Hedge Fund CEO
  • #815,571
  • Jul 16, 2013 2:44am Jul 16, 2013 2:44am
here comes 3100 watch it guy and remember no one is perfect in this business they faster u know u dont the easier u will learn
  • #815,572
  • Jul 16, 2013 2:45am Jul 16, 2013 2:45am
Quoting Chicky
Back to business. I have 1.2950 and 1.2900 if it fails to break the resistance at 1.3100. Seems very simple and childish comment, but this is actually what I have for days. {image}

Small inverse HS might help it go north, waiting for news and Ben tomorrow for direction I suppose. Note UJ just broke below rising trend line
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  • #815,573
  • Jul 16, 2013 2:46am Jul 16, 2013 2:46am
Quoting Chicky
{quote} Which one you'r taking about? I have five
Quant Hedge Fund CEO
  • #815,574
  • Jul 16, 2013 2:48am Jul 16, 2013 2:48am
Quoting fxrambo
here comes 3100 watch it guy and remember no one is perfect in this business they faster u know u dont the easier u will learn
imho, its not testing 1.3100 but 1.3140. Break of 1.3100 will take us to 1.3140 in minutes. If that is broken, will maintain direction until end of 3rd quarter............................... Nicodemus visits me in my dreams.
The Thief of Wall Street
  • #815,575
  • Jul 16, 2013 2:48am Jul 16, 2013 2:48am
Quoting Tadej89
Infinitus you couldn't have said that better! I'm also curios how people assume when price breaks certain price level that this and that would happen. I'm fascinated!
of course when price breaks one level, it has tendency with a certain probability to go to the next level. what you need is to apply money management (R/R ratio) coresponding to that probability.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #815,576
  • Jul 16, 2013 2:53am Jul 16, 2013 2:53am
Quoting infinitus
Food for thinking: I know some very high sophisticated mathematician. Some even worked as Quant-Trader. Their mathematical understanding goes beyond my head, and I think, beyond every others head here. None of them, nevertheless, is able, to pinpoint moves. None of them...... How is that? Over the last weeks I read a lot of stuff here in EURUSD thread. And my impression is, that most people here are under the impression, they are able, or able to learn, pinpointing the moves. I have read comments like 1+1=2 (hi Hatch ), or the...
True that. Few of my smartest friends (IQ 170+, ingenious mathematicians and physicians) went bust trying trading, because of too much self-confidence ("I am so smart I can outsmart the market"), lack of understanding for crowd behaviour and most importantly, desperate attempt to bring order into a chaotic, entropic system.

That said, it doesnīt disqualify TA and some of its tools entirely, if you use them with caution and regards to what they actually mean and where are their limitations...

But I totally agree that this is a game of probability (thatīs why I sometimes compare trading with poker). As Iīve written before, trading is much more about psychology and money management, than it is about charting and trading systems...

Quoting FXMastermind
{quote} Easy. Cause success in trading is much less about charting and analysis as it is about psychology and money management. Yep. Thatīs where most traders bleed.
Quant Hedge Fund CEO
  • #815,577
  • Jul 16, 2013 2:58am Jul 16, 2013 2:58am
Quoting DaClan
a probability stays a probability no matter how good you are at mathematical calculations. I am sure most here aren't trying to "pin pointing" i.e. with extreme accuracy, but rather figuring out where the greatest probability of a move is. There are too many variables with to fluctuating weights that cannot be mathematically applied constantly... it is like predicted a babies every move till he dies. But what is your point? {quote}
I think my point was made very clear. The message is: make your own system, what ever you use for it (Mofus, mids, fibs, pivots, pattern, EW, Murrey Math, PA, FA, etc. etc.). Now the limitations, and know when you are wrong. Trading is a game of probabilities. Period....... Set your money management accordingly.


Do not read a lot of probabilities of a move here - and only seldomly find educated guesses, well articulated in an analysis here


What is the point of your statement (the red one)?
  • #815,578
  • Jul 16, 2013 2:59am Jul 16, 2013 2:59am
assumption that price move between support and resistance, if you trade pivots and PAmyou can do play by play.

Quoting Tadej89
Infinitus you couldn't have said that better! I'm also curios how people assume when price breaks certain price level that this and that would happen. I'm fascinated!
swing it!
  • #815,579
  • Jul 16, 2013 2:59am Jul 16, 2013 2:59am
Quoting namitak007
I am long! h1 ichimoku shows buy signal! long @ 1.3056 sl 1.2995 TP 1.32
Still with it! Profits locked! Let's see how long it will go!

edit: hahah! That was quick! +25 pips!
  • #815,580
  • Jul 16, 2013 3:03am Jul 16, 2013 3:03am
is it an agenda that the brits want to devaluate their own currency?
ignore wackos and psychos, including myself. But I can't add myself to iggy
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