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Clarity Indicator 4 replies

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The clarity thread

  • #121
  • Oct 3, 2013 11:50pm Oct 3, 2013 11:50pm
Quoting Mave
{quote} "it costed me a lot of money" true.. hard earned money goes poof in a matter of minutes. "gold is able to give huge profits in a short time" thats why i'm chasing it.. you're wise in a totally random direction - which movie, if any, has inspired you to trade
None, but i used to enjoy watching a kind of series, Wall street warriors (they have made many seasons already, all available somewhere on internet).
About the cinema movies i've seen many trading related ones but not really liked none of them. Just waiting for wolf of wallstreet, maybe that will be funny!

Edit:
But still nothing about online forex trading has ever been filmed, maybe it would be a damn boring movie!
This business is pretty boring.
  • #122
  • Oct 4, 2013 12:28am Oct 4, 2013 12:28am
Quoting spaceduck
{quote} None, but i used to enjoy watching a kind of series, Wall street warriors (they have made many seasons already, all available somewhere on internet). About the cinema movies i've seen many trading related ones but not really liked none of them. Just waiting for wolf of wallstreet, maybe that will be funny! Edit: But still nothing about online forex trading has ever been filmed, maybe it would be a damn boring movie! This business is pretty boring.
nice idea.. to make a movie about online forex trading xD

Business nonetheless.. I learn guitar while trading
A trade should be based on an assumption based on facts
  • #123
  • Edited 4:53am Oct 4, 2013 3:31am | Edited 4:53am
-- Eurgbp update --

"Nice" to see that the eurgbp have reached the target.
That escalated quickly!
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  • #124
  • Oct 4, 2013 4:46am Oct 4, 2013 4:46am
-- EurNzd --

Nice opportunity on eurnzd!
I'll skip this one as i've already many nzd in my wallet (long nzdusd), but it looks pretty good.
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  • #125
  • Oct 4, 2013 4:55am Oct 4, 2013 4:55am
Quoting Vogon
I think I'll join you SD. {image}
Vogon, what you are using to mask the order nos on the chart ??
Risk / Trade Management is the name of the Game
  • #126
  • Oct 4, 2013 4:59am Oct 4, 2013 4:59am
Quoting spaceduck
{quote} Hi, your posts are welcome! me too i'm still in of course, the technical target is still just 1 pip above yesterday high, i'm keeping wide with a projected target, let's try. Slightly boring yesterday action, but ok patience is always needed. {image}
Yup, Aud is leading Nzd now. Keep an eye on that AudUsd, interesting LVL, it seems next week we can have plenty of trading opportunity in this pair.
Risk / Trade Management is the name of the Game
  • #127
  • Oct 4, 2013 5:06am Oct 4, 2013 5:06am
Quoting FxSaint
{quote} Yup, Aud is leading Nzd now. Keep an eye on that AudUsd, interesting LVL, it seems next week we can have plenty of trading opportunity in this pair.
Yes it's an interesting pair, i will wait it to fall down again below the low of this week before consider to buy it.
It's on my watching list for sure!
  • #128
  • Oct 4, 2013 5:32am Oct 4, 2013 5:32am
Quoting FxSaint
{quote} Vogon, what you are using to mask the order nos on the chart ??
I use Greenshot.
Thanks for all the fish
  • #129
  • Oct 4, 2013 6:14am Oct 4, 2013 6:14am
I've been trading AUDCAD lately. Its recent (since July) dynamics also suggest higher prices.
Thanks for all the fish
  • #130
  • Oct 4, 2013 11:16am Oct 4, 2013 11:16am
-- nzdusd update --

Ok, our technical target has been reached.
The market can as well aim now for reach september highs (probable), however it's friday, it's always preferable to not hold positions over the weekend, so taking profits there was an attractive idea.

Eurnzd also is making a nice run (no positions there).
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  • #131
  • Oct 4, 2013 12:15pm Oct 4, 2013 12:15pm
Quoting spaceduck
-- nzdusd update -- Ok, our technical target has been reached. The market can as well aim now for reach september highs (probable), however it's friday, it's always preferable to not hold positions over the weekend, so taking profits there was an attractive idea. Eurnzd also is making a nice run (no positions there). {image}
Good one yet again....
Risk / Trade Management is the name of the Game
  • #132
  • Oct 6, 2013 9:18am Oct 6, 2013 9:18am
Quoting spaceduck
Thank you for the nice words! Today trading idea: nzdusd again. Nice run yesterday, however price just missed the tuesday high of a pip, this mean we're still heading there. Now, if we can catch some good entry, that would be a nice intraday trade (very short-term). And here we are, watching the support that is being created, my idea is to buy the market below that level, and target the tuesday high. This plan is to be considered aborted if price reach tuesday high before get in intraday-support zone. -- to be continued -- {image}...

Hi Spaceduck, reading your material with interest over the weekend, and found this post... Could you expand a bit more what i marked in bold please.

I have an idea but not shure if i am rigth, what i have in my mind is that if the high of tuesday is not tested before we reach support it makes a high probability trade long cause the sharks will target at least the stops and limits orders above that high.

You are creating a great place here thanks

Regards
  • #133
  • Oct 6, 2013 7:15pm Oct 6, 2013 7:15pm
http://www.fourwinds10.net/siterun_d...p?q=1320062234

thoughts please!
A trade should be based on an assumption based on facts
  • #134
  • Oct 7, 2013 6:08am Oct 7, 2013 6:08am
Quoting Thenew
{quote} Hi Spaceduck, reading your material with interest over the weekend, and found this post... Could you expand a bit more what i marked in bold please. I have an idea but not shure if i am rigth, what i have in my mind is that if the high of tuesday is not tested before we reach support it makes a high probability trade long cause the sharks will target at least the stops and limits orders above that high. You are creating a great place here thanks Regards

Hello Thenew, to put it simply, the market was targeting that particular resistance, from here the trade opportunity (knowing that the price will get above a particular level, you can make profit by buying and selling above that level).
The plan was just buy as low as possible or anyway just below the previous intraday support, and take profits at the tuesday high.
Of course the moment the target is reached, the trade opportunity disappear, so the trade plan would have been considered aborted.

Hope it explained well!

@Mave:
Thoughts, the truth about how this world work is an ugly truth(s), in some way i don't care too much about who rule this world, and how much bad their actions are, if you start caring too much about all the shit happening out there, your mind would be always occupied with things that are not useful at all for your personal life.

  • #135
  • Edited 7:03am Oct 7, 2013 6:27am | Edited 7:03am
-- Unusual trade --

Ok, today we're going to take an unusual trade.
This trade, it is clearly against the trend (and we all know about the huge risks waiting behind the corner of countertrend trades).
So, if you happen to join my trades from time to time, just understand this is an unusual trade, with an unusual risk, be careful.

Said this, we have an EurUsd targeting the 1.3710 level in the medium-long term.
However, the current trend is showing signs of weakness, it will probably need a little break, a little bit of breath before continue it's move to the 1.3710 level (the highs of the current year).

And here comes the trade idea, short-sell the market, targeting last wednesday lows, and at that point if sellers will be strong enough, we can aim even to 1.3460 level the low of 2 weeks ago.
Keeping an eye open on the wednesday lows, i guess that's all for now.

to be continued

**Edit: for the "clarity" sake, i would say the chances of profits are far way higher than the chances of trouble, so it make sense regardless the countertrend fact.
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  • #136
  • Oct 7, 2013 11:36am Oct 7, 2013 11:36am
-- eurusd update --

Looks like there may be still some buying interest in the market, we keep an eye also on the highs of today, if broken there would be an interesting* plan update.

As long as today highs are intact, no plan changes.

*interesting for the purpose of this thread, aka for the teaching of how to deal in such a situation.
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  • #137
  • Oct 7, 2013 12:00pm Oct 7, 2013 12:00pm
Thanks Spaceduck, for taking the time to answer my question, very well explained
  • #138
  • Oct 7, 2013 1:44pm Oct 7, 2013 1:44pm
-- midnight thoughts --

Just thinking about my last post regarding the eurusd trade example.

Looking the overall situation, the temptation to take such a trade for me was big.
However, from a risk or safety point of view, it is not really a good example, such trade represent exactly the kind of trades that must be avoided in order to make a safe profitable long-term trading.

It's normal after a few consecutive good trades, the risk aversion do naturally grow, and taking a "riskious" (for the fact that it's against the major trend) trade is understandable, yet it is surely not a good example in terms safe trading.

So i regret a little bit not the fact of take such a trade, but to post it here in this thread.

On my side i will stick with the current trade and keep the thread updated about any change in the trading plan (if ever there will be the case), and i understand the good side of this situation is that the majority of retail traders are currently short on the eurusd, so this can be still socially useful.
Said this, if a safe strong solid trading opportunity arise in another market and at the same time there would be the possibility to close this trade with a whatever profit, i may as well go for it.

That's all for today!
  • #139
  • Edited 1:12am Oct 8, 2013 12:20am | Edited 1:12am
-- eurusd update --

Nothing big happened in the last 8 hours, the market walked away from yesterday highs, currently around yesterday's asian session lows. So far good.

A few words about the current intraday situation, the market looks like getting a little bit oversold (on an ultrashort-term basis), yet, right now i don't worry about that.

to be continued

**Edit:
Update: the market is not oversold (on an ultrashort-term basis) anymore, we've added some sells right now around 1.3572 area.
  • #140
  • Oct 8, 2013 4:00am Oct 8, 2013 4:00am
The eurusd is stuck on a 20pips range, too much strong to go down, too much weak to go up.

I'm sure some kind of surprise is coming soon.
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