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  • #853,561
  • Nov 16, 2013 10:47am Nov 16, 2013 10:47am
Quoting Ken A
{quote} I have separate accounts for mid to long term and intraday sometimes scalping. I have been watching this thread from last year and hats off to those who can make fast pips from smaller charts. If they can take advantage only 25% of M1 chart can imagine the number of pips they make everyday. It is easier on larger chart and forget all the daily noises long as it has pulled away 200-300 pips from BE most likely it will run and fundamentally supported due to Abe policy to raise inflation. Don't get this opportunity everyday though. There's...
Yeah that's another problem I have is with FIFO, Oanda's way of getting around that has been causing me some problems trying to set limit orders as stops with upper or lower bounds (should act similar to a market order stop) for some reason hasn't been doing as I expect. But CBA to split my capital up into smaller accounts, the opportunity is just too rare for it to be worth the hassle of shifting it around.

The fundy moves are actually why I like the lower frames too; what I've been doing to pretty good success recently is hooking into little areas of order flow and then holding them when news comes up and hoping they go my direction. 50/50 chance of it working out on top of the risk I assumed entering but you really make a killing when you're right and hold it. Can't take advantage of the swap interest with this short of holding time though, I bet that adds a nice little cushion to your account!!
  • #853,562
  • Nov 16, 2013 10:58am Nov 16, 2013 10:58am
someone has good count on EJ very long term view. its on
Neely's NeoWave thread interactive trading
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #853,563
  • Nov 16, 2013 11:01am Nov 16, 2013 11:01am
Quoting ud1nh0
someone has good count on EJ very long term view. its on Neely's NeoWave thread interactive trading
Most from what I have seen the counts all pointing down to 100.xx when it was at 125.xx and look where it is now 1,000 pips apart the counts still pointing down. Sure one day it will happen but imagine you went short at 125.xx and waiting for it to hit 100.xx
  • #853,564
  • Nov 16, 2013 11:03am Nov 16, 2013 11:03am
Quoting Ken A
{quote} Most from what I have seen the counts all pointing down to 100.xx when it was at 125.xx and look where it is now.
http://www.forexfactory.com/attachme...5&d=1367402080
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #853,565
  • Nov 16, 2013 11:13am Nov 16, 2013 11:13am
Quoting ud1nh0
{quote} http://www.forexfactory.com/attachme...5&d=1367402080
He's trying to be polite in telling you it's a load of bull.
  • #853,566
  • Nov 16, 2013 11:19am Nov 16, 2013 11:19am
it's interesting placement of letters and missing letter
before it happen
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #853,567
  • Nov 16, 2013 11:39am Nov 16, 2013 11:39am
Quoting milam
{quote} Hi Attila Are you still trading the Volman's method?
Oh, I see what you're saying.. Forgot the name of the guy. Yes, but only for b/outs (it's very good assessing if a level will hold or not) and no 10 pips targets or the order management part..
  • #853,568
  • Nov 16, 2013 11:40am Nov 16, 2013 11:40am
Quoting AlanB
You made rent AND beer money? Good job Have a good weekend.
Nah Alan, am in 30% drawdown . But it is not like it was bad, I have two trading plans actually. First one is for double up account in 2-3 months and is kinda insane. If I dont hit (which happened last time, because I had very hard full time job, so wasnt entering precisely) I get to drawdown of 30% and then start my old strategy, which am running right now, which is supposed to a) make for rent and food b) delete drawdown and get to original equity, so I can shoot again like an idiot . So, had that rent, but actually lost 2/3rd of it on Friday. But a) got savings, b) am making rent for Dec, cause already paid this one c) price is great and am going to short EU hard and be rich pretty soon .
Have a great weekend,
T
"I know one thing, that I know nothing." Sokrates
  • #853,569
  • Nov 16, 2013 11:46am Nov 16, 2013 11:46am
Quoting Tom_D_Trader
{quote} Nah Alan, am in 30% drawdown . But it is not like it was bad, I have two trading plans actually. First one is for double up account in 2-3 months and is kinda insane. If I dont hit (which happened last time, because I had very hard full time job, so wasnt entering precisely) I get to drawdown of 30% and then start my old strategy, which am running right now, which is supposed to a) make for rent and food b) delete drawdown and get to original equity, so I can shoot again like an idiot . So, had that rent, but actually lost 2/3rd of it...
So you're using the "deep pockets" method of trading?
  • #853,570
  • Nov 16, 2013 12:04pm Nov 16, 2013 12:04pm
Quoting DareXau
{quote} What's so astonishing in it ??? ... Euro was at that price level many times before as well as in much higher & lower levels too. {image} http://www.scotiafx.com
I find it astonishing that the optimism on Europe was cut out by that much. Since things didn't change that much. and yes I'm aware COT data is only a tiny fraction but its still indicative.

Quoting kokhaiang
Hi all, Done up a brief studies on how Market news affected Price action and causing currencies to decouple from it's fundamentals - for subject: EUR/USD. Suggestions for improvement welcomed, much appreciated. TITLE: MARKET NEWS (RISK SENTIMENTS) DICTATES PRICE ACTION, AND OBSERVING FUNDAMENTALS COULD PRESENT GOOD RISK:REWARD OPPORTUNITY. {image}
Very cool
  • #853,571
  • Nov 16, 2013 12:20pm Nov 16, 2013 12:20pm
Quoting Kanzler
{quote} So you're using the "deep pockets" method of trading?
Dunno what is "deep pockets method", but I just happen to have quite a good defensive trading plan, which makes about 20-40% per year, which is sufficient for me to survive, as am kinda punk and dont need much. But am greedy and want few things, like new tradestation or full back tattoo for example , so there goes my sanity and am able to lost year of my work because I try to shoot and miss. But I have been playing poker in casinos for quite some time, actually studied university of economics and am trading for five years, so I would say my money management is pretty good. Its just I have no problem going all in (beeing that 30%) but FX market is too complex, I cant be always right and I trust to my analysis. So when I miss, it hurts quite a lot , but am already used to it, behaving the same all my life. Am actually not normal, but who is?
T
"I know one thing, that I know nothing." Sokrates
  • #853,572
  • Nov 16, 2013 12:23pm Nov 16, 2013 12:23pm
Quoting Tom_D_Trader
{quote} Dunno what is "deep pockets method", but I just happen to have quite a good defensive trading plan, which makes about 20-40% per year, which is sufficient for me to survive, as am kinda punk and dont need much. But am greedy and want few things, like new tradestation or full back tattoo for example , so there goes my sanity and am able to lost year of my work because I try to shoot and miss. But I have been playing poker in casinos for quite some time, actually studied university of economics and am trading for five years, so I would say...
Deep pockets method is entering a position and letting a loser run until you hope it turns around. i.e, you need deep pockets for it to work.
  • #853,573
  • Edited 1:00pm Nov 16, 2013 12:38pm | Edited 1:00pm
Quoting Kanzler
{quote} Deep pockets method is entering a position and letting a loser run until you hope it turns around. i.e, you need deep pockets for it to work.
I do not hope, either I know what is happening, or I close trade. When trading that doubling trading plan, max SL is 30%, beeing my year of work. And while am entering, my positions usually need to go to loss for a while because am a) loading massive at peaks/lows b)adding on breakout. Am not waiting for a breakout to happen to enter. When it is about to break, I am usually already loaded like 40:1. Anyway, this defensive account has regular entering positions with SL at 2% max and while catching peak, like right now on EU, am at 4%.
edit: Ouch my eyes, wtf did I click on view? FF crew, could you please make that superignore button?
edit: Mister, just one silly question? When?
"I know one thing, that I know nothing." Sokrates
  • #853,574
  • Nov 16, 2013 12:58pm Nov 16, 2013 12:58pm
EU Inflation Rate Falls to Four-Year Low

Adds to Fears Bloc Could Enter Prolonged Period of Deflation

http://online.wsj.com/news/articles/...99330187483774

IF ANYBODY RECALLS THE DEFLATION PROBLEM IN JAPAN = THATīS EXACTLY WHERE EUROPE IS HEADING TO. IT STARTS ALWAYS BY CENTRAL BANKS (IN THIS CASE ECB) DENYING IT. IT STARTS WITH POLITICIANS DENYING IT.


GET RID OF YOUR EUR.


EUROPE IS FINISHED.



UNEMPLOYMENT WILL RISE FURTHER, DEBTS WILL NEVER BE PAID BACK, GOVERNMENTS ARE LYING. RESCUE YOUR SAVINGS!
________________________________ Errare humanum est
  • #853,575
  • Nov 16, 2013 1:30pm Nov 16, 2013 1:30pm
Quoting MisterTrader
EU Inflation Rate Falls to Four-Year Low Adds to Fears Bloc Could Enter Prolonged Period of Deflation http://online.wsj.com/news/articles/...99330187483774 IF ANYBODY RECALLS THE DEFLATION PROBLEM IN JAPAN = THATīS EXACTLY WHERE EUROPE IS HEADING TO. IT STARTS ALWAYS BY CENTRAL BANKS (IN THIS CASE ECB) DENYING IT. IT STARTS WITH POLITICIANS DENYING IT. GET RID OF YOUR EUR. EUROPE IS FINISHED. UNEMPLOYMENT WILL RISE FURTHER, DEBTS WILL NEVER BE PAID BACK, GOVERNMENTS ARE LYING. RESCUE YOUR SAVINGS!
I think you could probably use a xanax mate.
  • #853,576
  • Nov 16, 2013 1:44pm Nov 16, 2013 1:44pm
Quoting kumaramy
I need little help because I have OCD disease and My English is not very well. Is this mean lack of vitamin B12 may be responsible for OCD? => the possibility that the B12 deficiency could be the consequence rather than the cause of OCD are suggested.
OCD (obsessive compulsive disorder) is a mental illness, not a disease. It takes a long time to gradually develop OCD, and thus takes a long time to recover from it. OCD usually develop from fear of something. You gradually become constantly fear of the same thing over time. For example, you were originally fear of germs on your hand, and you began to wash your hand very often. 5 minutes later you thought that you hands were contaminated with germs again so you went to wash your hands again. The root cause is your fear of germs on your hands. How to overcome your fear? If you realize there are germs on your face too, on your legs too, on your feet too, but you are fine with those germs on your other body parts and you are still health with those germs on your other body parts. So now you realize that some germs on your hands are ok and they will not harm your health that much. So you realize that you do not need to wash your hands that often even if they have some germs on them.

Another example is after you lock your door and you go back to check if your door is indeed locked. You repetitively go back to check your door to make sure it is locked. you walk away from your door and 5 minutes later you are still not sure if your door is locked. This is due to fear that your door is not locked that someone could go to your house to steal things. How to overcome this problem and remember that your door is indeed locked and you do not need to go back to check your door? You have to find ways that help you to remember that you indeed locked the door. Suck as you rotate you key to lock the door by 90 degree, the key points to horizontal direction. Now say 90 degree and horizonatal direction, and walk away, keep saying 90 degree and horizontal direction. Keep saying and keep walking away.

You have to find ways to overcome OCD. Find ways to help you to remember that you have done something. Find ways that help you to remove fears. Everyone has a little OCD to different level, it is just that some people have not gone to that sever to harm their life.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #853,577
  • Nov 16, 2013 1:44pm Nov 16, 2013 1:44pm
Quoting MisterTrader
EU Inflation Rate Falls to Four-Year Low Adds to Fears Bloc Could Enter Prolonged Period of Deflation http://online.wsj.com/news/articles/...99330187483774 IF ANYBODY RECALLS THE DEFLATION PROBLEM IN JAPAN = THATīS EXACTLY WHERE EUROPE IS HEADING TO. IT STARTS ALWAYS BY CENTRAL BANKS (IN THIS CASE ECB) DENYING IT. IT STARTS WITH POLITICIANS DENYING IT. GET RID OF YOUR EUR. EUROPE IS FINISHED. UNEMPLOYMENT WILL RISE FURTHER, DEBTS WILL NEVER BE PAID BACK, GOVERNMENTS ARE LYING. RESCUE YOUR SAVINGS!
Well, it seems you are getting it all upside down. In a deflated economy currency increases in value the more you hold it! Leading people to stop consuming and sales falling down which hurts the economy not killing it. But leaving ur silly argument aside, you have no idea how much Europe is an important player in the global economy ... the events of the financial crisis 2007 & 2008 unfolded when a French European bank declined a withdraw request?! It wasn't
BNP Paribas's headquarters in france but the bank's second headquarters in London.
"It's the Margin, Stupid."
  • #853,578
  • Nov 16, 2013 1:50pm Nov 16, 2013 1:50pm
Quoting milam
{quote} Hi Attila Are you still trading the Volman's method?
hi milam, do you mean the scalping method of Bob Volman as in his book "Forex Price Action Scalping"?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #853,579
  • Nov 16, 2013 1:50pm Nov 16, 2013 1:50pm
If I tune out from all the EUR/USD bearish mania going on with the retail crowd and just look at the charts...

EUR index 4H time frame presents a good long trade opportunity from the current chart pattern.
USD index 4H time frame shows the pair entering some sort of correction.

Taken together, when looking at EUR/USD, signs indicate that the up move from the lows could be a leading diagonal, there is a trade opportunity here to play EUR/USD to take out 1.38... (may coincide with FED releasing minutes)...

Just presenting some thoughts.
Build good relationships with others.
  • #853,580
  • Nov 16, 2013 1:51pm Nov 16, 2013 1:51pm
Quoting Kanzler
{quote} I think you could probably use a xanax mate.
I thinking his holding EJ & snp short ... his getting really nervous

Quoting shellsnail
If I tune out from all the EUR/USD bearish mania going on with the retail crowd and just look at the charts... EUR index 4H time frame presents a good long trade opportunity from the current chart pattern. USD index 4H time frame shows the pair entering some sort of correction. Taken together, when looking at EUR/USD, signs indicate that the up move from the lows could be a leading diagonal, there is a trade opportunity here to play EUR/USD to take out 1.38... (may coincide with FED releasing minutes)... Just presenting some thoughts.
You mind if you share the EURO index ... would like to see a chart of it?!
"It's the Margin, Stupid."
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