- #874,804
- Feb 6, 2014 10:45am Feb 6, 2014 10:45am
- | Joined Apr 2010 | Status: Trader | 1,488 Posts
Great day, although I nearly did no trades during the last three days today I made the money for the whole week.
Lazyness pays out!
In reality I wasn´t lazy, I looked into the charts every 4 hours. That was exhausting!!!
Everything else ruins my nerves, I am too old for this scalping thing on M1.
BTW I think we have not seen the top yet. I got a signal for a possible small or mid sized bounce back (which I will no trade), but PA is not at the top. Will take some time I assume. Dont know if I will buy the dips til I get the signal for a reversal. When I get too bored maybe I will do cause a reversal might need days to happen.
All infos are given by my machine which knows so much more than me -
P.S.: Today I got the secret updates to Metatrader Built 600. Thank you God that all my super reliable indies are still running. This update could have ruined me.
Lazyness pays out!
In reality I wasn´t lazy, I looked into the charts every 4 hours. That was exhausting!!!
Everything else ruins my nerves, I am too old for this scalping thing on M1.
BTW I think we have not seen the top yet. I got a signal for a possible small or mid sized bounce back (which I will no trade), but PA is not at the top. Will take some time I assume. Dont know if I will buy the dips til I get the signal for a reversal. When I get too bored maybe I will do cause a reversal might need days to happen.
All infos are given by my machine which knows so much more than me -
P.S.: Today I got the secret updates to Metatrader Built 600. Thank you God that all my super reliable indies are still running. This update could have ruined me.
- #874,805
- Feb 6, 2014 10:54am Feb 6, 2014 10:54am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Probably. To me SUPPLY is from loser trader, DEMAND from BIG PLAYERS, that's what in my dictionary. Just don't want to complicated my strategy since it don't helps at all in my strategy. But ELLIOT PRINCIPLE play a big role in my strategy.
most oxymoron thing I read at FF assumption applied big market makers don't sell
In trading, you have to be defensive and aggressive at the same time
{quote} So when the market goes bear on EU all the way to 1.20 there must be lot of losers pushing price down
I am not the SMARTEST person in the world, I am the PERSISTENT one.
- #874,808
- Feb 6, 2014 11:16am Feb 6, 2014 11:16am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #874,810
- Feb 6, 2014 11:21am Feb 6, 2014 11:21am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Of course it is. If everyone are buying here, I think it will go bearish. So same things, $$$ supply from losers, winners demand on $$$. 95% of trader loss on Forex, same thing 8 out of 10 currently in here are SELLING on this. Everybody believes on DAILY TREND LINE and it make sense a lot of people will trade on SELL Bias. I don't only follow TREND LINE on DAILY, I use ELLIOT to read on this. It is a complete move to me for last couple weeks or a small correction has completed. In ELLIOT, 12345 and ABC has just completed on DAILY and WEEKLY...
but too lazy to post your waves.
Retail traders hold 5-6% of the market hence from perspective of MM its irrelevant.Cable dropped 400pips from 1.6660 while 75% retail were short but according to your logic that shouldn't had happened....
Traders lose but often hedge funds,banks lose as well because losing has multiple components not just direction.
In trading, you have to be defensive and aggressive at the same time
- #874,813
- Feb 6, 2014 11:27am Feb 6, 2014 11:27am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
1 more explanation SUPPORT my statement of BUY on this EUR/USD instead of SELL. On 1H chart, we are estimated 18 candles to the NFP. MONETARY POLICY supports the 1st move on EUR/USD Bullish just now so for me it considers the 1st move. 2nd Move now makes me more aggressive now to trade on COUNTER BIAS trade, so I just hedge now for 30 pips. So what do you expect another 18 candles to SUPPORT your bearish statement? Nonsense NFP fundamental???? Forget about it, fundamental to me are just nonsense and it is just a short...
Dude You need to go here
http://www.babypips.com/
In trading, you have to be defensive and aggressive at the same time
{quote} One of the hardest thing to figure is correct Elliot waves and even experts often disagree so its brilliant of you that you have figured it all out
I am not the SMARTEST person in the world, I am the PERSISTENT one.
- #874,815
- Feb 6, 2014 11:31am Feb 6, 2014 11:31am
{quote} So If ECB cut the rates today and EU plunged 1.33 in matter of hours that would have no relevance to you after all fundamentals like rates are nonsense to you.
{quote} So If ECB cut the rates today and EU plunged 1.33 in matter of hours that would have no relevance to you after all fundamentals like rates are nonsense to you.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
- #874,817
- Feb 6, 2014 11:34am Feb 6, 2014 11:34am
- | Joined Nov 2011 | Status: Trader | 2,927 Posts
{quote} Yes, FUNDAMENTAL is absolutely nonsense to me. Don't tell me IF ECB MONETARY POLICY cut rates when the reality is TECHNICAL on the right way. Face the reality instead of putting an IF in front.
the lovely tech vs fund bragging is on
swing it!
- #874,819
- Feb 6, 2014 11:38am Feb 6, 2014 11:38am
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} .... losing has multiple components not just direction.
not many retail traders realize this very important truth. They think they lose due to their wrong market direction bias. Lots of retail traders still lose even if they guessed the market direction correct, due to poor money management, poor position management, impatience, etc, etc.On the other hand, good counter-trend traders still win.
ignore wackos and psychos, including myself. But I can't add myself to iggy