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  • #62,681
  • Aug 21, 2013 5:42pm Aug 21, 2013 5:42pm
Quoting Pip Anon
{quote} Are you trying to be philosophical? If price doesn't matter than what's it all for? If price does not matter than nothing can be of value.
I did not say price does not matter but timing is more important
  • #62,682
  • Aug 21, 2013 5:43pm Aug 21, 2013 5:43pm
Quoting Pip Anon
{quote} Are you trying to be philosophical? If price doesn't matter than what's it all for? If price does not matter than nothing can be of value.
is there any sentence that i said price does not matter bro?
  • #62,683
  • Aug 21, 2013 5:44pm Aug 21, 2013 5:44pm
what effect could news have after 1h 15m from now ... could it reverse the downtrend or shall we bounce a little than continue the trip down ...
Get Rich or Die Tryin
  • #62,684
  • Aug 21, 2013 5:46pm Aug 21, 2013 5:46pm
Quoting yaphets
{quote} is there any sentence that i said price does not matter bro?
Yep...

Quoting yaphets
{quote} That's why timing is more important tha the price itself




Timing is only relevant if it is at the right PRICE
When the facts change I change my mind, what do you do sir
  • #62,685
  • Aug 21, 2013 5:50pm Aug 21, 2013 5:50pm
Quote
what effect could news have after 1h 15m from now ... could it reverse the downtrend or shall we bounce a little than continue the trip down ...



My question exactly. I feel a bounce will be limited to 9050 9100 at most. Any Thoughts??? - Pip Anon
  • #62,686
  • Aug 21, 2013 5:51pm Aug 21, 2013 5:51pm
Quoting Pip Anon
{quote} Yep... {quote} Timing is only relevant if it is at the right PRICE
No, price is relevant if it's at the right timing
  • #62,687
  • Aug 21, 2013 5:57pm Aug 21, 2013 5:57pm
Quoting yaphets
Most traders still think that support and resistance have important role in trading, but that's not


You are the first guy I ever heard saying this...Lol....

Hope you did not blow many accounts...

When you do that.... You please come back and delete this post...

Good luck
  • #62,688
  • Aug 21, 2013 6:01pm Aug 21, 2013 6:01pm
Obvious troll is obvious, lets get back to the kangaroo...
  • #62,689
  • Aug 21, 2013 6:01pm Aug 21, 2013 6:01pm
Quoting OmCr32
{quote} My question exactly. I feel a bounce will be limited to 9050 9100 at most. Any Thoughts??? - Pip Anon
I think .90 will prove to be near-term resistance. This is not to say it won't breach, but in my eyes, a close is needed to strengthening its case. Generally, I don't trust the Chinese state issued data, just due to the discrepancies. The HSBC usually does a good job to determine the direction of Chinese data. I see down side to .8923, but I wouldn't trade the data itself. I would wait until volume enters the markets later on in the Asian session/pre London.

I've seen it trade up on bad data early in the Asian session only to reverse and go heavy in the opposite direction once liquidity enters.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-21-TOS_CHARTS.png Size: 120 KB
When the facts change I change my mind, what do you do sir
  • #62,690
  • Aug 21, 2013 6:05pm Aug 21, 2013 6:05pm
Thanks Bro.

You seem like you know what your talking about.... unlike a lot of ppl on this forum. Looking to learn a lot here.

What I learned today - fucking wait to trade after the FOMC dust settles
  • #62,691
  • Aug 21, 2013 6:05pm Aug 21, 2013 6:05pm
Quoting KCV
{quote} You are the first guy I ever heard saying this...Lol.... Hope you did not blow many accounts... When you do that.... You please come back and delete this post... Good luck
how is it related to blowing account?
  • #62,692
  • Aug 21, 2013 6:06pm Aug 21, 2013 6:06pm
Quoting yaphets
{quote} No, price is relevant if it's at the right timing

You guys are just talking syblantics now (lol).

Yaphets, post more details when you make a call. Now Pip can let up on you I hope.

  • #62,693
  • Aug 21, 2013 6:16pm Aug 21, 2013 6:16pm
Look like some upside for now. hoping for a little better than 0.9000


Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-21_1909.png Size: 178 KB


Sorry about the messing chart. I defined that channel about 4 differents ways I think.
  • #62,694
  • Aug 21, 2013 6:16pm Aug 21, 2013 6:16pm
Quoting OmCr32
Thanks Bro. You seem like you know what your talking about.... unlike a lot of ppl on this forum. Looking to learn a lot here. What I learned today - fucking wait to trade after the FOMC dust settles
Omg yes lol. I learned the hard way too, and i am sure we all have at some point. As long as you learn from mistakes it will be good. Usually i wont trade two hours before or after. Some traders take the day off
When the facts change I change my mind, what do you do sir
  • #62,695
  • Aug 21, 2013 6:21pm Aug 21, 2013 6:21pm
Quoting tony95
{quote} You guys are just talking syblantics now (lol). Yaphets, post more details when you make a call. Now Pip can let up on you I hope.
Lol, am i being hard on him? I respect all traders but the ones that are vague. Vagueness allow you to not be committed, so when it doesn't go your way you can back out "well, well it wasn't the right timing"

i have been wrong before, but at least im back it up is all. Otherwise what is the point of being here?
When the facts change I change my mind, what do you do sir
  • #62,696
  • Aug 21, 2013 6:24pm Aug 21, 2013 6:24pm
Quoting Pip Anon
{quote} Lol, am i being hard on him? I respect all traders but the ones that are vague. Vagueness allow you to not be committed, so when it doesn't go your way you can back out "well, well it wasn't the right timing" i have been wrong before, but at least im back it up is all. Otherwise what is the point of being here?

I do not know if you are being too hard on him. Seems like a lot of wasted energy at this point.
  • #62,697
  • Aug 21, 2013 6:28pm Aug 21, 2013 6:28pm
Quoting tony95
{quote} I do not know if you are being too hard on him. Seems like a lot of wasted energy at this point.
It is. Just those kind of posters that make me never want to return tomFF
When the facts change I change my mind, what do you do sir
  • #62,698
  • Aug 21, 2013 6:30pm Aug 21, 2013 6:30pm
Quote
Omg yes lol. I learned the hard way too, and i am sure we all have at some point. As long as you learn from mistakes it will be good. Usually i wont trade two hours before or after. Some traders take the day off



Yeah Ive noticed the hardest thing for me is just being patient and not getting ahead of myself.

But what really gets under my skin is I was short AU yesterday @ .9090, closed at .9030 because I didnt want to have an open position today during the FOMC release..... Seems to happen alot I close trades wayyy to early.

I think emotion managing has been the hardest part of trading to overcome so far
  • #62,699
  • Aug 21, 2013 6:38pm Aug 21, 2013 6:38pm
Quoting OmCr32
{quote} Yeah Ive noticed the hardest thing for me is just being patient and not getting ahead of myself. But what really gets under my skin is I was short AU yesterday @ .9090, closed at .9030 because I didnt want to have an open position today during the FOMC release..... Seems to happen alot I close trades wayyy to early. I think emotion managing has been the hardest part of trading to overcome so far
I can be impulsive sometimes which can get in the way.Yea i closed out at .9020. Never be mad to take profit when profit is given there are always other opportunities.
When the facts change I change my mind, what do you do sir
  • #62,700
  • Aug 21, 2013 6:43pm Aug 21, 2013 6:43pm
Quoting yaphets
{quote} is there any sentence that i said price does not matter bro?
You pretty much dismissed price as unimportant when you posted this:

Quoting yaphets
Most traders still think that support and resistance have important role in trading, but that's not
Now it seems like you are trying to take back what you said:

Quoting yaphets
{quote} No, price is relevant if it's at the right timing
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