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  • #858,441
  • Nov 29, 2013 3:27pm Nov 29, 2013 3:27pm
Wouldn't take much of a drop from these levels next week to cause a shift in momentum to the downside. It could get ugly next week for EU IMO.
  • #858,442
  • Edited 3:46pm Nov 29, 2013 3:35pm | Edited 3:46pm
- 3583 is probably not so good for bulls (keep in mind the month candle range for October is huge). for the ones quoting Steve N. keep in mind that Nov. doji would be a inside one. the October one although not perfect is near a e star. and once this month went below it was bearish, with a large range before to 3833 its voided. even if we do close below 3583, what is not needed for bears to continue. we still may c a hh to 3637 51 or more.. i agree with the 3484 area.. i have 3486 as in earlier post. a sub 3583 close would give more weight to bears. above 3583 its just a doji. -3579 is stronger,
those who can, do. those who cant, talk about those who can
  • #858,443
  • Nov 29, 2013 3:43pm Nov 29, 2013 3:43pm
I think the mkt is totally trading on momentum, and it seems most people not really paying attention to that. Momentum is definitely in overbought territory right now and could easily come down from here few 100 pips, doesn't mean it won't rally back up and go higher toward 1.37+ even if that happens, or just continue rallying higher even though it is overbought. Either way, daily momentum is the main thing right now IMO.
  • #858,444
  • Nov 29, 2013 4:17pm Nov 29, 2013 4:17pm
Quoting attila
{quote} you're catching up..
LOLz, you are there on the first page too,,, Couldn't snip the whole page
And @ Rudimente Technically we all work for FF
Inserted Video
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #858,445
  • Nov 29, 2013 4:27pm Nov 29, 2013 4:27pm
Quoting Avir
{quote} LOLz, you are there on the first page too,,, Couldn't snip the whole page And @ Rudimente Technically we all work for FF http://www.youtube.com/watch?v=M97vR2V4vTs

Hahaha, you got me..
  • #858,446
  • Edited 5:17pm Nov 29, 2013 4:57pm | Edited 5:17pm
Quoting attila
{quote} Hahaha, you got me..
Talking of such,,,Chart we dont normally see here
http://www.worthofweb.com/website-va...rexfactory.com
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #858,447
  • Nov 29, 2013 4:58pm Nov 29, 2013 4:58pm
Quoting ill_be_back
What is the difference between a GOOD trader & a NOOB trader
2) A good trader after years & years of hard work & 10's of thousands hours of screen time starts to understand the market dynamic's & develops & intuition a sense of knowing of what the market will do next, if active on a forum will post his call, fully ready to get out if wrong & may even change direction of his trade &
come out with a profit (Of course he forgets to post that he has closed the bad trade & or changed direction)

A NOOB trader want's easy way out will often trade according to this call without a hint of understanding, & if wrong will keep adding to losers till a big chunk of his equity is gone, then find someone to blame & fight for his loss
A good trader follows his rules, but great trader knows when to break them
  • #858,448
  • Edited 10:09pm Nov 29, 2013 5:42pm | Edited 10:09pm
Quoting ill_be_back
What is the difference between a GOOD trader & a NOOB trader
And FINALY
3) A good trader knows that there is no holy grail, He is always working hard in developing his skills to get the best entry & exit so that he can Extract maximum juice out of the market

A NOOB trader
Always running in circles trying to find the holy grail
A good trader follows his rules, but great trader knows when to break them
  • #858,449
  • Nov 29, 2013 6:10pm Nov 29, 2013 6:10pm
Quoting ill_be_back
{quote} And FINALY 3) A good trader knows that there is no holy grail, He is always working hard in developing his skills to get the best entry & exit so that he can Extract maximum juice out of the market A NOOB trader (Nothing Personnel) OMG Always running in circles trying to find the holy grail By adding ton's of indicator on his chart with out understanding any Always drawing up & down arrows on a chart at the same time (don't know how this can make any money) Always buying and selling at the same time (Don't know how this makes any money,...
Well, there is the holy grail, and is to become a good trader. I agree with all the differences between a good and a noob, except maybe the one about adding to losers, this is something I think is debatable, it would depend on what type of entry it was.
Best time to plant a tree was 20 years ago, second best is now
  • #858,450
  • Nov 29, 2013 6:21pm Nov 29, 2013 6:21pm
Quoting horuxito
{quote} Well, there is the holy grail, and is to become a good trader. I agree with all the differences between a good and a noob, except maybe the one about adding to losers, this is something I think is debatable, it would depend on what type of entry it was.

what i mean by Adding to loser is adding in HOPE that it will come back, if u know what u r doing & u r adding with in ur risk management, then it is ur plan
A good trader follows his rules, but great trader knows when to break them
  • #858,451
  • Edited 6:50pm Nov 29, 2013 6:32pm | Edited 6:50pm
Quoting ill_be_back
{quote} what i mean by Adding to loser is adding in HOPE that it will come back, if u know what u r doing & u r adding with in ur risk management, then it is ur plan


Yes, hope is a bad word. If the expectation becomes hope then we are in trouble.

Nice article by Brett Steenbarger about the subject http://traderfeed.blogspot.com/2010/...ng-trades.html
Best time to plant a tree was 20 years ago, second best is now
  • #858,452
  • Nov 29, 2013 7:09pm Nov 29, 2013 7:09pm
Quoting horuxito
{quote} Yes, hope is a bad word. If the expectation becomes hope then we are in trouble. Nice article by Brett Steenbarger about the subject http://traderfeed.blogspot.com/2010/...ng-trades.html

A good trader follows his rules, but great trader knows when to break them
  • #858,453
  • Nov 29, 2013 7:09pm Nov 29, 2013 7:09pm
Quoting ill_be_back
{quote} ???

? im noob trader. trainee
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #858,454
  • Nov 29, 2013 7:11pm Nov 29, 2013 7:11pm
Quoting ffleo
shit, this month is going to close as a doji.
As the one before. Good to buy at their low and sell at their high, also intraday and daily can form trend in those boundaries. The daily is making HH's and HL's with the last being an IB, some kind of stalling upwards. It will be interesting if this will end up as a ledge, congestion, trading range or neither.
Wherever you go, there you are.
  • #858,455
  • Nov 29, 2013 7:12pm Nov 29, 2013 7:12pm
market close. better sutdy forex book today and chat here
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #858,456
  • Nov 29, 2013 7:16pm Nov 29, 2013 7:16pm
gator and julia and tom d is good traders. i can sense it
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #858,457
  • Nov 29, 2013 8:53pm Nov 29, 2013 8:53pm
Quoting ud1nh0
gator and julia and tom d is good traders. i can sense it
I blow $5000 account first time. No kidding. Until recently, i barely find a profitable tools.Not yet find The System. Risk management first, Tools second, System last. This axiom of trading hold true. Some find it the hard way (me included), some find it easy.
Don't blame the tools. Blame the carpenter.
  • #858,458
  • Nov 29, 2013 9:38pm Nov 29, 2013 9:38pm

I think fundamentals with catch up with the euro. It's still growing less than the US. Higher is possible, but momentum is waning. Pullback to 1.3500-35

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When the facts change I change my mind, what do you do sir
  • #858,459
  • Nov 29, 2013 11:31pm Nov 29, 2013 11:31pm
3560 is where I will be paying attention next week.. A move below and 3700 will fade away.. Have a good weekend.

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  • #858,460
  • Nov 30, 2013 12:08am Nov 30, 2013 12:08am
Quoting Citiboy
Looks like I got here just on time, was about to post my monthly chart. Any thoughts? Good ol doji close! Am I missing how thats not a clear double top? Doesnt seem like many are pointing this out {image}
I am done for this year.. Happy Holidays.
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