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  • #875,441
  • Feb 9, 2014 8:46am Feb 9, 2014 8:46am
[quote=ud1nh0;7269464]{quote} yes sir. i have heard it before, broken res/sup become support/resistance {quote}.

OK
  • #875,442
  • Feb 9, 2014 9:06am Feb 9, 2014 9:06am
Quoting ud1nh0
{quote} yes sir. i have heard it before, broken res/sup become support/resistance {quote} . for kimi bullish view. his flat A end at 1.2624, his flat B ends at 1.3380, his flat C ends at 1.2042 thus touching first wave top of the triangle 1985 the wave C 3rd wave is end at 1.2642, the fourth consisting 3 segment, a simple flat up.flat expanding down, and a c wave to 1.2747 so, what happen with before 1985??
Oh my gosh mate. You really got me actually. So far, I only got my record till 1992, so it is hard for me to expect what happen with before 1985. Frankly to say, my read wasn't till so far to 1985. My read is actually from the biggest correction from JULY 2008, JUNE 2010 and JULY 2012 was the bottom of the range. So with current price, my critical level shall be on 1.3720-40 and if it is broken, it might built high to 1.4070 and next might be 1.4290 - 1.4310.

BTW, I trade with the combination of EW and MA, so mate please don't take so much on Davit ignore. He criticize on your EW, by the same time he criticize my MA too last few days. EW and MA indeed a good guideline on trading, especially EW has more than 100 years of history. So we need not to take too hard on what he says. To me every indicator or strategy is useful, problem is which allow us to use on it wisely and comfortably.

Cheers.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,443
  • Feb 9, 2014 9:31am Feb 9, 2014 9:31am
Quoting kimisiow83
{quote} Oh my gosh mate. You really got me actually. So far, I only got my record till 1992, so it is hard for me to expect what happen with before 1985. Frankly to say, my read wasn't till so far to 1985. My read is actually from the biggest correction from JULY 2008, JUNE 2010 and JULY 2012 was the bottom of the range. So with current price, my critical level shall be on 1.3720-40 and if it is broken, it might built high to 1.4070 and next might be 1.4290 - 1.4310. BTW, I trade with the combination of EW and MA, so mate please don't take so much...
most traders don't live more than 100 years...
in fact, some of them have short life coz committing suicide.
nowadays, it's hard to find a virgin 17th years old (boys/girls)

actually, i don't mind about any indicator n strategy. i just want to have a nice discussion with davit (which he was quoting me first) since this is sunday.
nevermind.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #875,444
  • Feb 9, 2014 9:46am Feb 9, 2014 9:46am
Quoting ud1nh0
{quote} most traders don't live more than 100 years... in fact, some of them have short life coz committing suicide. nowadays, it's hard to find a virgin 17th years old (boys/girls) actually, i don't mind about any indicator n strategy. i just want to have a nice discussion with davit (which he was quoting me first) since this is sunday. nevermind.
It is understandable they will committing suicide because trading actually to me was an art. An artist always will have some strange behavior.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,445
  • Feb 9, 2014 10:02am Feb 9, 2014 10:02am
Im curious to know whether we will reach 1.38 this week. That level would seem reasonable
  • #875,446
  • Feb 9, 2014 10:15am Feb 9, 2014 10:15am
Quoting Capelli
Im curious to know whether we will reach 1.38 this week. That level would seem reasonable
If BULLISH is good for EUR/USD, I expect weekly close probably will be around 1.3780. It is absolutely reasonable because weekly candles normally will close approximately 140-170 pips. So I expect will close somewhere around there probably. And of course a possibly to close below 1.3460.

Cheers
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,447
  • Feb 9, 2014 10:19am Feb 9, 2014 10:19am
Hello friends, my trading platform has not been connecting since yesterday till now, pls can anyone help me on what to do? I use MT4 and my broker (Alpari), I could not contact them because, their office is closed on weekends. Thanks.
  • #875,448
  • Feb 9, 2014 10:26am Feb 9, 2014 10:26am
13333 today
  • #875,449
  • Feb 9, 2014 10:29am Feb 9, 2014 10:29am
Quoting fatpanda
13333 today
14444 tomorrow
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,450
  • Feb 9, 2014 10:30am Feb 9, 2014 10:30am
Quoting Andriuzz
{quote} I do agree with Beli, why to insult each other, when everyone is trading and having their own systems. In my opinion it’s more effective to read others opinion and to compare with own, than trading results should be better BR
I've been thinking about this... What's trading, at the core of it? At the core of it, it is believing the price will either go up or down.. That's it. A system is just something we hang our believes onto. I don't think it's the other way around, i.e. the system creates the conviction.. Why do I say this? Because a trader can trade different systems.. I can trade trend lines, s/r, whatever that is, it doesn't matter actually.. And so, what would the reason to "consult" with other traders be? Do they know more than I do? Maybe... But that question is very dangerous because it instills doubt.. And doubt is the last thing we need while trading live.. What if the others opinions are the same as mine? How would that help me? It would enforce my conviction and that may be a good thing, or probably in most cases the worst thing if we're all wrong... Well, where am I going with this? Next to the trolls, flamers, idiots, and morons on this thread, being here during trading hours (that if you trade live) is the worst thing you can do to your account. There is absolutely no benefit from listening to others, even though most say, they take it all with a grain of salt. Nonsense. Even at an unconscious level, you are being influenced. I think trading alone, in a quiet room with no input from outside is the only way... That's my opinion.
  • #875,451
  • Feb 9, 2014 10:37am Feb 9, 2014 10:37am
Quoting attila
{quote} I've been thinking about this... What's trading, at the core of it? At the core of it, it is believing the price will either go up or down.. That's it. A system is just something we hang our believes onto. I don't think it's the other way around, i.e. the system creates the conviction.. Why do I say this? Because a trader can trade different systems.. I can trade trend lines, s/r, whatever that is, it doesn't matter actually.. And so, what would be the reason to "consult" with other traders be? Do they know more than I do? Maybe... But that...
Very much so. I know I have had to step away from these forums because they have biased my trading decisions. Even at times, actively stating to myself things like... "I shouldn't be trading counter to x", "This person thinks it's long so i'll be going short since they seem to be an excellent contrarian indicator".

At the core of it... price talks to us. However we listen, however we interpret... that is up to us... and as long as the recognition exists that we are always translating what price says (that is, we aren't always going to get it right)... you are on a right path.

Personally me, I trade naked charts... S/D and just follow the behavior of price... let it lead the way and I jump in somewhere in the middle. Money management has always been the saving grace... It doesn't have to be pin point accuracy... it just needs to balance out positive in the end.
  • #875,452
  • Feb 9, 2014 10:46am Feb 9, 2014 10:46am
Quoting Venice
{quote} Very much so. I know I have had to step away from these forums because they have biased my trading decisions. Even at times, actively stating to myself things like... "I shouldn't be trading counter to x", "This person thinks it's long so i'll be going short since they seem to be an excellent contrarian indicator". At the core of it... price talks to us. However we listen, however we interpret... that is up to us... and as long as the recognition exists that we are always translating what price says (that is, we aren't always going to get...
Systems don't really matter.. They only give you some kind of guidance.. One has to be in absolute synch with the market in order to be successful.. You have to literally feel the market. We all had these moments, and you know it when it happens.. Hard to describe it.. Things just work flawlessly. Now, how can you accomplish that state of mind while arguing/reading counter opinions here? It is impossible...

People are looking at that line on the chart that will solve all their problems... No, that's not it.. One has to be mentally one with the market.

I will definitely cut down on this and stop by only when things slow down and I'm flat.... If you think about it, if you try to help, giving an unbiased opinion is much more valuable than when you are in the heat of the battle..
  • #875,453
  • Feb 9, 2014 10:52am Feb 9, 2014 10:52am
Quoting attila
{quote} Systems don't really matter.. They only give you some kind of guidance.. One has to be in absolute synch with the market in order to be successful.. You have to literally feel the market. We all had these moments, and you know it when it happens.. Hard to describe it.. Things just work flawlessly. Now, how can you accomplish that state of mind while arguing/reading counter opinions here? It is impossible... People are looking at that line on the chart that will solve all their problems... No, that's not it.. One has to be mentally one with...
I know what you mean and something I struggled with for a long time on the higher time frames. It's harder to 'feel' the rhythm of the market when you only pop open charts for a few minutes a day to see what is going on. It's why my overall long term trading became far more logical in my decision making. IF IF IF ELSE.

Intraday however... follow the beats. Watching price, and it may be currently going down... but you just know, because you have seen it a million times before... it is going to find a base soon and shoot back up. Coupled with the logical IF/ELSE, it's a nice recipe imo.
  • #875,454
  • Feb 9, 2014 11:21am Feb 9, 2014 11:21am
I think it's heading up-wards for a while
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http://www.gripforex.com/topic/weekl...rading/page/3/
  • #875,455
  • Feb 9, 2014 11:24am Feb 9, 2014 11:24am
Quoting attila
{quote} I've been thinking about this... What's trading, at the core of it? At the core of it, it is believing the price will either go up or down.. That's it. A system is just something we hang our believes onto. I don't think it's the other way around, i.e. the system creates the conviction.. Why do I say this? Because.......



I do agree. But do you agree that if you trade only looking on empty chart is still a system, or you can call whatever. I am not disputing that you have to follow others suggestions, I wanted to say that reading other peoples thoughts are more or less reading summaries of their thoughts about the marker. If you can filter not needed information you can find useful things in all this amount of information. Do you think that only sitting, alone in the room will be enough? For you maybe, but in general if you are posting here than you are participating in all information exchange, and you cannot be alone in your room. This is my opinion.

BR
  • #875,456
  • Feb 9, 2014 11:32am Feb 9, 2014 11:32am
Quoting Andriuzz
{quote}If you can filter not needed information you can find useful things in all this amount of information
I think the art of trading is knowing what to ignore when... Filtering what's going on here, just adds more cycles to your work load... Don't get me wrong, I am pretty active here but one thing I've realized is posting opinions/trades/exits whatever that is, adds an additional commitment into my trading that's upsetting the balance between flexibility and commitment.. Again, I don't know for how long have you been trading but these are my latest findings from several months back.
  • #875,457
  • Feb 9, 2014 11:46am Feb 9, 2014 11:46am
Quoting attila
{quote} I think the art of trading is knowing what to ignore when... Filtering what's going on here, just adds more cycles to your work load... Don't get me wrong, I am pretty active here but one thing I've realized is posting opinions/trades/exits whatever that is, adds an additional commitment into my trading that's upsetting the balance between flexibility and commitment.. Again, I don't know for how long have you been trading but these are my latest findings from several months back.


I do agree with you. I only say that everybody is different. For me for example, I like flow of information with numbers and charts of course. It gives me an idea of how traders feel about the market position at the moment. For example when you reading market calendar it is the same information presented by the other traders. So when you see figures and feel other thought you can more closely follow the market.
  • #875,458
  • Feb 9, 2014 11:52am Feb 9, 2014 11:52am
Quoting attila
{quote} I've been thinking about this... What's trading, at the core of it? At the core of it, it is believing the price will either go up or down.. ....
Or believing that it will stay the same. Like it has done for the last decade at 1.3 give or take. Maybe currencies oscillate rather than moving directionally. Perhaps trends are for suckers.
twitter: @gettoefl
  • #875,459
  • Feb 9, 2014 12:05pm Feb 9, 2014 12:05pm
Quoting gettoefl
{quote} Or believing that it will stay the same. Like it has done for the last decade at 1.3 give or take. Maybe currencies oscillate rather than moving directionally. Perhaps trends are for suckers.
currencies float. they don't diverge forever. so, if you are willing to hold a trade for 5 years or longer it'll surely give you profit... however, I venture to say, that is not trading.
  • #875,460
  • Feb 9, 2014 12:09pm Feb 9, 2014 12:09pm
Quoting kimisiow83
{quote} If BULLISH is good for EUR/USD, I expect weekly close probably will be around 1.3780. It is absolutely reasonable because weekly candles normally will close approximately 140-170 pips. So I expect will close somewhere around there probably. And of course a possibly to close below 1.3460. Cheers
Its good to hear that we think alike. Have a good trading week my friend
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