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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #4,481
  • Aug 14, 2013 2:31am Aug 14, 2013 2:31am
Quoting PipTrapper
{quote} NEVER When you trade on large time frames, you have to have a bias and a conviction of your sentiment. However, you must always be nimble and ready to change your bias when the odds flip in the opposite direction.
Good for you.

Most traders tough are unable to change direction even when the facts tell them otherwise because their conviction is making more damage then anything else.
Wherever you go, there you are.
  • #4,482
  • Aug 14, 2013 2:33am Aug 14, 2013 2:33am
Quoting PipTrapper
{quote} {image}
Juice, for a moment I thought was the police/God from the other thread, I got really scared, Pip, please do not do it again.....
Wherever you go, there you are.
  • #4,483
  • Aug 14, 2013 2:39am Aug 14, 2013 2:39am
Quoting milam
{quote} Good for you. Most traders tough are unable to change direction even when the facts tell them otherwise because their conviction is making more damage then anything else.
Those are the ones who would rather be right than make money.
In fact I have been wrong a few times and still banked hundreds of net pips after having to dump a bad trade.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,484
  • Aug 14, 2013 2:40am Aug 14, 2013 2:40am
Quoting milam
{quote} Juice, for a moment I thought was the police/God from the other thread, I got really scared, Pip, please do not do it again.....
HeHe
Those who say it cannot be done should not interrupt those who are doing it
  • #4,485
  • Aug 14, 2013 2:54am Aug 14, 2013 2:54am
Quoting PipTrapper
{quote} Those are the ones who would rather be right than make money. In fact I have been wrong a few times and still banked hundreds of net pips after having to dump a bad trade.

Wherever you go, there you are.
  • #4,486
  • Aug 14, 2013 2:57am Aug 14, 2013 2:57am
I am not using Eliot Wave, but recently I read about Eliot Wave concept on wiki and found some interesting things. Everyone knows eliot basic 5 wave + abc count. Thats ok. So what I found? Eliot wave usually is not only technicals, but also fundamentals and market sentiment.

Ok. I read about sentiments and fundamentals in Eliot counting: First two waves - negative news supporting previous trend. With third wave, we start to hear more positive news - FA.

So whats about that?

Eur/Usd we had hude spike, and after that many negative news that eur should drop, EU is in recetion and so on.
What's later?

Euro is rising, and we get more and more positive news from EURO area. Greece is ok, Germany and France economics ir recovery mode with increasing GDP and other numbers.


So it will be interesting to see whats next in Euro/Usd area.
  • #4,487
  • Aug 14, 2013 2:58am Aug 14, 2013 2:58am
Quoting milam
{quote} Yes she is very cute


and she was also impressed with my touches, and abandoned herself completely to me....


risked 13 pips (1%) made 28 pips.
Attached Image
Wherever you go, there you are.
  • #4,488
  • Aug 14, 2013 3:05am Aug 14, 2013 3:05am
Quoting Sober_Colm
{quote} Yes, & 30m CCI/ MACD divergence is supporting the trend resumption back to prev demand at least around the 3230/ 40 mark. Also backed to a certain degree on the 1h too
Taking 1/2 off the table at this demand zone. Hopefully the remainder will run to the 3200 region. I wish I had the steel to hold with confidence like some of you guys but I feel the need to bank something before hitting supply/ demand.
  • #4,489
  • Aug 14, 2013 3:10am Aug 14, 2013 3:10am
Quoting Sober_Colm
{quote} Taking 1/2 off the table at this demand zone. Hopefully the remainder will run to the 3200 region. I wish I had the steel to hold with confidence like some of you guys but I feel the need to bank something before hitting supply/ demand.
People gain confidence, after a while once you gain confidence in your system, you will be able to stay in a bit more without straggling, personally I think you are doing well booking profit, just make sure they are equal or a bit bigger then your risk.
Wherever you go, there you are.
  • #4,490
  • Aug 14, 2013 3:29am Aug 14, 2013 3:29am
aud/ usd maybe about to leave the station
  • #4,491
  • Aug 14, 2013 3:31am Aug 14, 2013 3:31am
Done for the day, good day.

I did made a few mistakes, I did not enter the aussie short, which has reach target and cable short which also reached target. I am looking at 8 pairs and today 7 were under my monitor, but was not able to be nibble enough in jumping from one into another. Setting alerts sounds next time will help.

I wish you all peace of mind.
Wherever you go, there you are.
  • #4,492
  • Aug 14, 2013 3:31am Aug 14, 2013 3:31am
Quoting milam
{quote} and she was also impressed with my touches, and abandoned herself completely to me.... risked 13 pips (1%) made 28 pips. {image}

I am sure you made her melt
Those who say it cannot be done should not interrupt those who are doing it
  • #4,493
  • Aug 14, 2013 3:32am Aug 14, 2013 3:32am
Quoting PipTrapper
{quote} I am sure you made her melt
Yes that is my speciality..

Take care mate.
Wherever you go, there you are.
  • #4,494
  • Aug 14, 2013 3:34am Aug 14, 2013 3:34am
Quoting Sober_Colm
{quote} Taking 1/2 off the table at this demand zone. Hopefully the remainder will run to the 3200 region. I wish I had the steel to hold with confidence like some of you guys but I feel the need to bank something before hitting supply/ demand.
Better to bank them than pull your hair out later.
I always say, if you're in a trade, you better love it, coz liking it is not enough.
So if you start feeling you need to pull out, it means you don't love it.
So, best to pull out otherwise you may have to marry it.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,495
  • Aug 14, 2013 3:34am Aug 14, 2013 3:34am
Quoting PipTrapper
{quote} {image}
Attached Image
  • #4,496
  • Aug 14, 2013 3:35am Aug 14, 2013 3:35am
Quoting milam
Done for the day, good day. I did made a few mistakes, I did not enter the aussie short, which has reach target and cable short which also reached target. I am looking at 8 pairs and today 7 were under my monitor, but was not able to be nibble enough in jumping from one into another. Setting alerts sounds next time will help. I wish you all peace of mind.
Okay Milam. Enjoy.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,497
  • Aug 14, 2013 3:35am Aug 14, 2013 3:35am
Quoting Mad Russian
aud/ usd maybe about to leave the station

AND SHE LEFT
  • #4,498
  • Aug 14, 2013 3:36am Aug 14, 2013 3:36am
Attached Image (click to enlarge)
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Attachment any body ??
  • #4,499
  • Aug 14, 2013 3:36am Aug 14, 2013 3:36am
Quoting milam
{quote} ...just make sure they are equal or a bit bigger then your risk.
Quoting PipTrapper
{quote} Better to bank them than pull your hair out later. I always say, if you're in a trade, you better love it, coz liking it is not enough. So if you start feeling you need to pull out, it means you don't love it. So, best to pull out otherwise you may have to marry it.

Cheers guys.

Some potential for another entry on EU 5m with CCI/ MACD divergence so I could be adding to that position again anyway.
  • #4,500
  • Aug 14, 2013 3:40am Aug 14, 2013 3:40am
Heading out for sun, fresh air and a light sushi lunch
I'll be back for NY session.
Those who say it cannot be done should not interrupt those who are doing it
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