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  • #862,781
  • Dec 11, 2013 10:14am Dec 11, 2013 10:14am
Quoting plesac
daily 61 fib or weekly trangle? {image} {image}
We are at 61 fib. Closing half, and i think many will , so some retrace is posibble or consolidation. if consolidation will keep rest for that upper resistance of that triangle in weekly
  • #862,782
  • Dec 11, 2013 10:14am Dec 11, 2013 10:14am
Quoting chazzle
{quote} EG H1 nice - grabbed a small piece myself, after giving it a 2nd look on weekly {image}


See what I mean about trading the correlated pairs in a hedge and by the speed of play?

I never trade EURGBP, it really is a steaming pile of shit to trade...however, using it as an indicator of how fast price will move for the correlated trade pairs, makes it GOLDEN!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #862,783
  • Dec 11, 2013 10:16am Dec 11, 2013 10:16am
Quoting Ken A
{quote} 50K account one position 200 lots = 20,000,000 units. Positions leverage = 400:1 <-- Account leverage must at least 1:500 (what broker ) -1 pips would wipe out the whole account. OK enough nice story time to wake up. Edit: Oh you gonna say it's 200 mini lots
I thought the same thing, its a micro account. But who the hell has a micro account with a 50K balance with a spread of 3 pips,

He doesnt know the difference between micro & standard lot
  • #862,784
  • Dec 11, 2013 10:31am Dec 11, 2013 10:31am
Quoting Magix
{quote} See what I mean about trading the correlated pairs in a hedge and by the speed of play? I never trade EURGBP, it really is a steaming pile of shit to trade...however, using it as an indicator of how fast price will move for the correlated trade pairs, makes it GOLDEN!
- yep - I get ya, dabbled before - but keeping it simpler at the mo - just the pairs I'm trading on the screen - could do with some more real estate tbh, you have a good day? I got screwed on the EU dip and reverse early london , stopped on a cable long - and I just about stopped short of punching the screen ... made it back pre NY, bit of a shitfight for me today ... when you have good days and it feels too easy, you tend to forget how frustrating this shit can be
  • #862,785
  • Dec 11, 2013 10:37am Dec 11, 2013 10:37am
went short AU, I am looking for the the recent low as a TP, I also might take some off the plate on the way...
Wherever you go, there you are.
  • #862,786
  • Dec 11, 2013 10:38am Dec 11, 2013 10:38am
Quoting Ken A
Does this qualify as Inverted H&S {image}
not in my opinion
MMMYYYKKK
  • #862,787
  • Dec 11, 2013 10:38am Dec 11, 2013 10:38am
this latest move up is driven by Draghi speaking again on Thurs.Since few days ego he was bullish market does not expect him to change his tune so fast.
I think party will come to an end after him.GU is showing clear weakness.
In trading, you have to be defensive and aggressive at the same time
  • #862,788
  • Dec 11, 2013 10:38am Dec 11, 2013 10:38am
hi folks,
as i see no hope in my life trading, i make a little experiment.
i will allways do the opposite of what i would realy do.
i opend an demo account for this.
entry: every hour (so far i will be online) - i will check candles etc. what i'm noramlly used to do.. and will do just the opposite..
stop loss 20 p - take profit 20p
is market random?
is all technical analysis useless?
a system that dont work - work it, if you do just the opposite?
lets try!
you see my trade explorer in my profile
failure is not an option.
  • #862,789
  • Dec 11, 2013 10:41am Dec 11, 2013 10:41am
Quoting Ken A
Does this qualify as Inverted H&S {image}
Not clear.
Look UJ, do retrace been completed?
We can go up now?
Attached Image (click to enlarge)
Click to Enlarge Name: uj.JPG Size: 96 KB
Dangdut is a music of my country
  • #862,790
  • Dec 11, 2013 10:45am Dec 11, 2013 10:45am
So, what do you guys suggest? Am I mistaken to notice that Asian sessions have not done anything fancy for a month? What do we do now? How about a buy limit @ 1.3780, SL 1.3858, and PT @ 1.3840? Alternatively - it may go up steady from now... buy stop at 1.3811, PT 1.3840, SL 1.3794?
And yes, I'm a complete idiot compared to most of you.
  • #862,791
  • Dec 11, 2013 10:45am Dec 11, 2013 10:45am
Quoting rudimente
hi folks, as i see no hope in my life trading, i make a little experiment. i will allways do the opposite of what i would realy do. i opend an demo account for this. entry: every hour (so far i will be online) - i will check candles etc. what i'm noramlly used to do.. and will do just the opposite.. stop loss 20 p - take profit 20p is market random? is all technical analysis useless? a system that dont work - work it, if you do just the opposite? lets try! you see my trade explorer in my profile
Yes there is hope, always..
I did that experiment before, it did not work for me….
TA is BS, but you need it to trade..
only my opinion
Good luck.
Wherever you go, there you are.
  • #862,792
  • Dec 11, 2013 10:47am Dec 11, 2013 10:47am
Quoting NuNix
{quote} Not clear. Look UJ, do retrace been completed? We can go up now? {image}
U/J don't think so. Still in consolidation for XXX/USD to move but E/J is showing sign may take out the last highs.
  • #862,793
  • Dec 11, 2013 10:51am Dec 11, 2013 10:51am
Quoting Yves CZ_EU
So, what do you guys suggest? Am I mistaken to notice that Asian sessions have not done anything fancy for a month? What do we do now? How about a buy limit @ 1.3780, SL 1.3858, and PT @ 1.3840? Alternatively - it may go up steady from now... buy stop at 1.3811, PT 1.3840, SL 1.3794? And yes, I'm a complete idiot compared to most of you.

Best advise I can give is do nothing and wait.Waiting is trading tactic as well therefore in my mind is actively trading.Think of an army all ready for battle but waiting for better conditions to attack.Price goes lot higher then short lot higher up.Wait and look for exhaustion signals.
For example on GU it looks like it reached its "ceiling" There is a great momentum building on short side there.During London last night Brits sold their own currency from 6450 below 64.This shows up moment exhaustion.Only reason why is not tanking is EU.

Read this article and think about it seriously.
In trading, you have to be defensive and aggressive at the same time
  • #862,794
  • Dec 11, 2013 10:53am Dec 11, 2013 10:53am
Quoting milam
{quote} Yes there is hope, always.. I did that experiment before, it did not work for me…. TA is BS, but you need it to trade.. only my opinion Good luck.

Support and resistance part of TA is not BS.
In trading, you have to be defensive and aggressive at the same time
  • #862,795
  • Dec 11, 2013 10:54am Dec 11, 2013 10:54am
Quoting Davit
{quote} Support and resistance part of TA is not BS.
If you say so, it must be true…...
Wherever you go, there you are.
  • #862,796
  • Dec 11, 2013 10:57am Dec 11, 2013 10:57am
In the two years I've been watching this, this is the most tilted I've ever seen it... just sayin'

23.90%Long76.10% Short
  • #862,797
  • Dec 11, 2013 10:57am Dec 11, 2013 10:57am
it seens like it'll close under 800... should go down then... hopefully it will take EURJPY with it..
  • #862,798
  • Dec 11, 2013 10:59am Dec 11, 2013 10:59am
Quoting milam
{quote} If you say so, it must be true…...

Many successful traders only trade based on S/R and markets move accordingly.Its not what I say.prove is on the charts.
Just want to add if you are in opinion that market is random and anything can happen anytime and you are basically guessing all the time then ask yourself a question "why are you trading at all"
If you have found no edge what makes you think you can make money at this.Being cynical shows laziness.You must find your own answers that satisfies you.Other people's findings wont help you if you don't commit the proper intense learning which this business requires.
In trading, you have to be defensive and aggressive at the same time
  • #862,799
  • Dec 11, 2013 11:10am Dec 11, 2013 11:10am
Quoting Davit
{quote} Best advise I can give is do nothing and wait.Waiting is trading tactic as well therefore in my mind is actively trading.Think of an army all ready for battle but waiting for better conditions to attack.Price goes lot higher then short lot higher up.Wait and look for exhaustion signals. For example on GU it looks like it reached its "ceiling" There is a great momentum building on short side there.During London last night Brits sold their own currency from 6450 below 64.This shows up moment exhaustion.Only reason why is not tanking is EU....
Thank you very much, I'm gonna read it for sure.
  • #862,800
  • Dec 11, 2013 11:11am Dec 11, 2013 11:11am
Quoting milam
{quote} TA is BS, but you need it to trade.. only my opinion Good luck.
''Every man takes the limits of his own field of vision for the limits of the world.'' - Arthur Schopenhauer
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