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  • #851,981
  • Nov 11, 2013 1:50pm Nov 11, 2013 1:50pm
3420.5 is a R. one of the larger candles may want a -3230 close. atm high 3415..
those who can, do. those who cant, talk about those who can
  • #851,982
  • Nov 11, 2013 1:55pm Nov 11, 2013 1:55pm
I am hoping for a 3 day rally. So far 1 day accomplished.
  • #851,983
  • Nov 11, 2013 1:55pm Nov 11, 2013 1:55pm
Quoting gatorinla
3420.5 is a R. one of the larger candles may want a -3230 close. atm high 3415..
looking for investors . pm me
  • #851,984
  • Nov 11, 2013 1:57pm Nov 11, 2013 1:57pm
Quoting kbmoonshinex
{quote} first 6010. then will see

i took my 10 pips.. i atm will not long to 6061, but would look to short a signal from it or the red box. i already hold a s..
those who can, do. those who cant, talk about those who can
  • #851,985
  • Nov 11, 2013 1:59pm Nov 11, 2013 1:59pm
Quoting Vladimir1987
{quote} Nice reports. Where can you get them? Probably a client at the banks? Thanks
yeah you need to be a client to be on the mailing lists, that is why I post them here so everyone can see them, I find them really useful and people would be foolish not to at least consider them even if they don't agree
  • #851,986
  • Nov 11, 2013 2:01pm Nov 11, 2013 2:01pm
Quoting gatorinla
3420.5 is a R. one of the larger candles may want a -3230 close. atm high 3415..

btw rockxxx mentioned this last week..when he mentioned the low..he is fishing
those who can, do. those who cant, talk about those who can
  • #851,987
  • Nov 11, 2013 2:29pm Nov 11, 2013 2:29pm
Quoting JeremyWS
Because some people like them https://www.dropbox.com/s/mqzbambqiq...yFX%5B1%5D.pdf https://www.dropbox.com/s/1k22ewdfj2...hts%5B1%5D.pdf https://www.dropbox.com/s/8lgbtivl9y...hts%5B1%5D.pdf https://www.dropbox.com/s/iq8s3geruz...chs%5B1%5D.pdf https://www.dropbox.com/s/uua3lhwfzn...ing%5B1%5D.pdf p.s. you don't HAVE to read them, but its nice to know levels and info that banks read.
using macd & stochastic?

what about a naked chart instead..

Quoting JeremyWS
{quote} yeah you need to be a client to be on the mailing lists, that is why I post them here so everyone can see them, I find them really useful and people would be foolish not to at least consider them even if they don't agree
why?
Patience is a virtue...
  • #851,988
  • Nov 11, 2013 2:37pm Nov 11, 2013 2:37pm
Quoting hadox
why?
well they are professionals and are better than us. It can't be a bad thing to listen to a pro.
  • #851,989
  • Nov 11, 2013 2:42pm Nov 11, 2013 2:42pm
Quoting gatorinla
3420.5 is a R. one of the larger candles may want a -3230 close. atm high 3415..
I dont know,, i got 32249.... damn brokers
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #851,990
  • Nov 11, 2013 2:45pm Nov 11, 2013 2:45pm
Quoting JeremyWS
{quote} well they are professionals and are better than us. It can't be a bad thing to listen to a pro.

so you shouldn't follow your own well tested trading strategy, come on?

one things sure though, you're never going to be a so called "pro" if your basing your trading decissions on other peoples oppinions, but hey, if it works for you...
Patience is a virtue...
  • #851,991
  • Nov 11, 2013 2:49pm Nov 11, 2013 2:49pm
Quoting hadox
{quote} so you shouldn't follow your own well tested trading strategy, come on? one things sure though, you're never going to be a so called "pro" if your basing your trading decissions on other peoples oppinions, but hey, if it works for you...
thing is, the pros don't have specific strategies that they follow, they aren't just a robot following specific rules - anyone can do that, and don't tell me money management takes skill. That just requires about 2 brain cells.

And so as I will likely be a "pro" at least I've done work experience with two major banks, my dad works at a hedge fund and so I can get a job there whenever I want means that the more I can act like a pro the better. The reason they are a pro is because they don't need a strategy because they are experienced enough/clever enough to know how to trade at a set time etc.

and also it does work for me. so yeah....
  • #851,992
  • Edited 3:19pm Nov 11, 2013 2:49pm | Edited 3:19pm
Quoting kaka_ht
{quote} Hi happyme!Yes,like u said it can be the wave 4 of the wave III,but it still is the same in the direction!Can u post the overall EW like you said!I think it's better much for everyone to understand!Thanks!
Hi, as I promissed I would send my view with my EW counting.

as I did the counting wrong.... please let me know!!

Here we go... look at the images. I put my counting (and view) with the Monthly, Daily and 4 Hour chart.
I think and hope...the charts are clear for traders...

ps: at the 4Hour chart: the yellow line isn't saying anything about how deep we go.... it's just the direction of my forecast
at the daily...the yellow line is saying something how deep we can go. Because we ending here probably a big diagonal pattern, mostly it overshoot a little of his bounderies
at the Mounthly chart... the yellow say also something about how high we can go. Becaus we ending here probably a verwy big triangle pattern, mostly overshoot a little of his bounderies
Attached Image(s) (click to enlarge)
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You can manage risk, but you can't manage the return
  • #851,993
  • Nov 11, 2013 2:53pm Nov 11, 2013 2:53pm
Quoting JeremyWS
{quote} well they are professionals and are better than us. It can't be a bad thing to listen to a pro.
I don't find the pro's to be any better. I get Reuters news headlines with their supposed pro's calling out trades. Looks to me they are gambling. They tend to sweep their losers under the rug very quickly and never to be seen again.

Pro's can often do better because of their institutional advantages on prices and such. If you get them to do their stuff on retail, they'd fare no better than the rest of the retail crowd.

I worked with a pro before. He was a total loser. Anything he touched turned into losers. His special skill was to get people to give him money to play with.
  • #851,994
  • Nov 11, 2013 2:53pm Nov 11, 2013 2:53pm
@JeremyWS

Thank you very much for the bundle of goodies. Extremely valuable pack of insight into the minds of senior traders/analysts. If you come across this kind of treasures, please be kind and share

@hadox

Trading with naked charts means you have a very trained eye and also you have a sound technique of figuring out patters. Awesome skill!
Here comes in play the question: why the hell do we draw TLs, fibos, channels and others? My best answer so far is : to get the same perspective as the majority of market participants. If I achieve this for a limited timeframe, my trades will be in profit. and vice-versa.

I will be forever in debt if you could show/tell me a way of trading naked charts. (i.e the reason behind the trade)

Green pips to all!
  • #851,995
  • Nov 11, 2013 2:54pm Nov 11, 2013 2:54pm
Think its a bit different trading micro lot or even mini lot or one lot against a guy at the bank taking positions 100+ lots... He takes the retailer out of margin in long run.
I other hand like to see that they have the same view..
  • #851,996
  • Nov 11, 2013 2:57pm Nov 11, 2013 2:57pm
Really hoping we can get a rally back to 1.35 levels, I'd think it would make a great shorting opportunity.

AU will continue to be the weakest IMO, so any rally there would be great to short as well.
  • #851,997
  • Nov 11, 2013 2:57pm Nov 11, 2013 2:57pm
Quoting BeginnerJoe
{quote} I don't find the pro's to be any better. I get Reuters news headlines with their supposed pro's calling out trades. Looks to me they are gambling. They tend to sweep their losers under the rug very quickly and never to be found again. Pro's can often do better because of their institutional advantages on prices and such. If you get them to do their stuff on retail, they'd fare no better than the rest of the retail crowd.
He is giving the trade not the position ... that's why they trade like a PRO!
"It's the Margin, Stupid."
  • #851,998
  • Nov 11, 2013 2:58pm Nov 11, 2013 2:58pm
Quoting JeremyWS
{quote} thing is, the pros don't have specific strategies that they follow, they aren't just a robot following specific rules - anyone can do that, and don't tell me money management takes skill. That just requires about 2 brain cells. And so as I will likely be a "pro" at least I've done work experience with two major banks, my dad works at a hedge fund and so I can get a job there whenever I want means that the more I can act like a pro the better. The reason they are a pro is because they don't need a strategy because they are experienced enough/clever...
yes, you've menitioned your dad before, actually many times..

I just don't get the constant copy-paste thing you're doing, citi models, low volume when we had a 80 pip day, high volume when we had a 200 pip day etc etc.. I mean how about some simple support and resistance levels, key levels or whatever, you don't have to make it more complicated than it is..

just saying..
Patience is a virtue...
  • #851,999
  • Nov 11, 2013 3:07pm Nov 11, 2013 3:07pm
Quoting hadox
{quote} yes, you've mentioned your dad before, actually many times.. I just don't get the constant copy-paste thing you're doing, citi models, low volume when we had a 80 pip day, high volume when we had a 200 pip day etc etc.. I mean how about some simple support and resistance levels, key levels or whatever, you don't have to make it more complicated than it is.. just saying..
well I do use S+R, but the more you know the better - so long as one can handle the extra knowledge. I understand some people get confused contanstly looking at vol surfaces/skews, RR's, yields, x-asset, volumes (actual not tick) etc etc and by no means am I saying I'm perfect there are some incredible minds in finance. Just need to accommodate on a case-by-case basis. I can handle looking at all the things mentioned so far and it doesn't impair my trading one bit, only improves. some other might not be as much.

But if it was as easy as naked charts, we'd all be billionaires at Goldman. the truth is, it isn't.
  • #852,000
  • Nov 11, 2013 3:08pm Nov 11, 2013 3:08pm
Quoting BeginnerJoe
{quote} I don't find the pro's to be any better. I get Reuters news headlines with their supposed pro's calling out trades. Looks to me they are gambling. They tend to sweep their losers under the rug very quickly and never to be seen again. Pro's can often do better because of their institutional advantages on prices and such. If you get them to do their stuff on retail, they'd fare no better than the rest of the retail crowd. I worked with a pro before. He was a total loser. Anything he touched turned into losers. His special skill was to get...
honestly depends on the analyst, I don't look at all of them, I handpick with ones I know either personally, or that are good. Yes its true that some pros aren't very good - but then they don't stay pro for very long...
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