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  • #884,541
  • Mar 19, 2014 7:06pm Mar 19, 2014 7:06pm
Quoting ffleo
{quote} do you have interest to trade ES?
not really.. while I made the move I prefer things that have underlying value and are really driven by supply and demand and less by speculation of what the FED might or might not do.. reason I don't like stocks either..
  • #884,542
  • Mar 19, 2014 7:07pm Mar 19, 2014 7:07pm
Quoting Miguel.N
{quote} ...as well, this one can do the job to rescue you !? -) {image}
Considering your red arrows go down up to May, there is a good chance of this happening due to EuroElections:
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 19 KB
  • #884,543
  • Mar 19, 2014 7:08pm Mar 19, 2014 7:08pm
Quoting irongoose
{quote} Don't know much about that stuff so that wouldn't be an option for me, but some times I feel like giving up on Forex spot.
take a look at commodities, metals mostly and see how nicely they move.. smooth and no fakes like you have in fx spot.. it used to be better some years ago, now they took it down to shit.. it's absolute crap.. you can still make it, the effort is not worth it though..
  • #884,544
  • Mar 19, 2014 7:09pm Mar 19, 2014 7:09pm
Quoting Citiboy
CAVEAT: I havent made shit for the past 6 months other than USDCAD longs. When fundies dont go your way you basically breakeven for months. lol
you have thinkorswim, it has a great tool called TPO (time price opportunity) and volume profile. Add the studies to your chart, load data of daily and weekly for enough time that has been traded. Locate the point where price has reverse and correlate it to the location in the market profile. Pay attention to the groves and peaks of the market profile and draw horizontal lines across them, you will see most of the time the price reverse there.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #884,545
  • Mar 19, 2014 7:21pm Mar 19, 2014 7:21pm
Quoting ffleo
{quote} do you have interest to trade ES?
ES stands for ??
K.I.S.S.
  • #884,546
  • Mar 19, 2014 7:23pm Mar 19, 2014 7:23pm
Quoting Leijenberg
{quote} ES stands for ??
e mini.. s&p futures.
  • #884,547
  • Mar 19, 2014 7:24pm Mar 19, 2014 7:24pm
Quoting attila
{quote} e mini.. s&p futures.
it is very liquid and moves 24 hours
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #884,548
  • Mar 19, 2014 7:25pm Mar 19, 2014 7:25pm
Quoting ffleo
{quote} you have thinkorswim, it has a great tool called TPO (time price opportunity) and volume profile. Add the studies to your chart, load data of daily and weekly for enough time that has been traded. Locate the point where price has reverse and correlate it to the location in the market profile. Pay attention to the groves and peaks of the market profile and draw horizontal lines across them, you will see most of the time the price reverse there.
trade to TPO market profile.

Attached Image (click to enlarge)
Click to Enlarge Name: TPO.png Size: 106 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #884,549
  • Mar 19, 2014 7:27pm Mar 19, 2014 7:27pm
Quoting attila
{quote} take a look at commodities, metals mostly and see how nicely they move.. smooth and no fakes like you have in fx spot.. it used to be better some years ago, now they took it down to shit.. it's absolute crap.. you can still make it, the effort is not worth it though..
About 8 months ago some people really opened my eyes on how the Forex market works, up until then all I did was lose about 2/3 of my account over a year and a half's time! This year I have committed to what I've learned and am slowly starting to make back what I've lost. But let me tell you its not coming back as fast as I want it to.

When I first started learning how to trade 2 1/2 3 years ago practicing it was a lot easier to make money back then, around the time I started using real money it became a bit harder............no it became a lot harder!

I got start in Forex around the time you could turn on your TV and hear some bad news about the Euro debt crisis.........go short The Euro and make a pile of money!

Really never learned anything about trading back then, I was just getting lucky while The Euro was tanking for so long.
  • #884,550
  • Mar 19, 2014 7:30pm Mar 19, 2014 7:30pm
Quoting irongoose
{quote} About 8 months ago some people really opened my eyes on how the Forex market works, up until then all I did was lose about 2/3 of my account over a year and a half's time! This year I have committed to what I've learned and am slowly starting to make back what I've lost. But let me tell you its not coming back as fast as I want it to. When I first started learning how to trade 2 1/2 3 years ago practicing it was a lot easier to make money back then, around the time I started using real money it became a bit harder............no it became...
Times changed. I'm only looking for an easier buck. Fx, is really not for U.S. timezone. It's a European traders gig.
  • #884,551
  • Mar 19, 2014 7:35pm Mar 19, 2014 7:35pm
This currency pair is most traded pair and I think there are so many market players and their psychology is adjusted that EURUSD median price is 1.35 at this moment. market will be deviated from that price +/- 500 pips and will not trend Further. Back in 2005 and even before EURUSD doesn't have such volume as it has now and it was more trending currency. Now to many variations and pair really stays around median price.
kiss the trend
  • #884,552
  • Mar 19, 2014 7:35pm Mar 19, 2014 7:35pm
i don't plan on going to 1.4050 yet...going there will be dead....
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #884,553
  • Mar 19, 2014 7:35pm Mar 19, 2014 7:35pm
Quoting attila
{quote} Times changed. I'm only looking for an easier buck. Fx, is really not for U.S. timezone. It's a European traders gig.
I trade London and morning US now, no more afternoon and Asia!
  • #884,554
  • Mar 19, 2014 7:37pm Mar 19, 2014 7:37pm
Quoting attila
{quote} Times changed. I'm only looking for an easier buck. Fx, is really not for U.S. timezone. It's a European traders gig.
guess u are right, the major moves are in london hours, unless u are playing yen pairs in asia hours....., after london fix, everything gone quiet...
  • #884,555
  • Mar 19, 2014 7:37pm Mar 19, 2014 7:37pm
Quoting ud1nh0
i don't plan on going to 1.4050 yet...going there will be dead....
thats what some think
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #884,556
  • Mar 19, 2014 7:39pm Mar 19, 2014 7:39pm
I really started watching EURUSD in 2011, and thinking back, it was hugely easier to get trending movements back then. I dont know if the market has changed permanently or its just been a crap couple of years.
Twitter: @TrendersGame
  • #884,557
  • Mar 19, 2014 7:40pm Mar 19, 2014 7:40pm
Quoting irongoose
{quote} I trade London and morning US now, no more afternoon and Asia!
what I'm saying.. waking up this early does something to me.. just can't do it. and then you have a left over position from the crappy ny session retrace you have to babysit late into Asia, when it's doing nothing pretty much... and then you wake up and the major move just happened 1/2 hour before... forget it..
  • #884,558
  • Mar 19, 2014 7:43pm Mar 19, 2014 7:43pm
Quoting Citiboy
I really started watching EURUSD in 2011, and thinking back, it was hugely easier to get trending movements back then. I dont know if the market has changed permanently or its just been a crap couple of years.
I shit you not, I never used to use stops back then because I just new it was just a matter of time before the price turned back in my favor.
  • #884,559
  • Mar 19, 2014 7:45pm Mar 19, 2014 7:45pm
Quoting sakisf
{quote} Do this one day. Find a pair with low volatility, UCad or UChf. See the trend of the day (below/above daily pivot & daily open with no news in sight). Go with a 2x mini lot (0.20 position) against it. As soon as it hits you with -10 pips close your position directly (no sl, manually). Do it 5-10 times. There, now you know how to close your position and not add to the loss.
ahh ok.
  • #884,560
  • Mar 19, 2014 7:46pm Mar 19, 2014 7:46pm
Quoting Citiboy
I really started watching EURUSD in 2011, and thinking back, it was hugely easier to get trending movements back then. I dont know if the market has changed permanently or its just been a crap couple of years.
if EU stop doing what it used to, look for other pairs...
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