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  • #897,761
  • May 15, 2014 1:14am May 15, 2014 1:14am
Quoting Greener
{quote} I am not arguing...many people made a fortune out of forex in those years...and then made even more money teaching others how to lose when market conditions had changed
LOL .That is also true .I think teh guy I know retired , dont know really lost conection at some point .
  • #897,762
  • May 15, 2014 1:17am May 15, 2014 1:17am
Quoting yanitsa
{quote} Impressive !Especially given the market conditions .I never learned how to trade ranging market , if You can give some tips , would be highly appreciated
I love range market. Its the best.Imagine buying or Selling 50-80pips price dives and you repeat it again and again.
I basically trade swings which are ranges.
What I do is works for me but can't take responsibility of "teaching"
I do have a journal which I discuss my system and trading insights.Click on my name and you will see threads started.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #897,763
  • May 15, 2014 1:20am May 15, 2014 1:20am
Quoting Davit
{quote} I love range market. Its the best.Imagine buying or Selling 50-80pips price dives and you repeat it again and again. I basically trade swings which are ranges. What I do is works for me but can't take responsibility of "teaching" I do have a journal which I discuss my system and trading insights.Click on my name and you will see threads started. Regards
Ah ! Will do !Thanks .
  • #897,764
  • May 15, 2014 1:29am May 15, 2014 1:29am
my latest view on crude
Attached Image (click to enlarge)
Click to Enlarge Name: LCrudeSb614Daily.png Size: 8 KB
  • #897,765
  • May 15, 2014 1:30am May 15, 2014 1:30am
Quoting Forexia
{quote} I don't mind if you click on that link and my post gets deleted. If it's not related to trading on EURUSD, it should get deleted. My posts are no exception. Quite a few of my posts landed in the "Recycle Bin" already. We are all responsible for keeping a thread clean. Thanks for your previous help. The price did drop below your resistence level of 1.3712 but didn't stay there long and that better-than-forecast German prelim GDP q/q number really pushed the the price up. I dunno if the price will drop further but just to be safe, I am out...
It is below 1.3712 now. I am holding my shorts.
The Thief of Wall Street
  • #897,766
  • May 15, 2014 1:36am May 15, 2014 1:36am
Quoting Forexia
German Prelim GDP q/q in 3 min.
What is the value add of this posting? Please share
  • #897,767
  • May 15, 2014 1:38am May 15, 2014 1:38am
Quoting Greener
{quote} yeah it is all bearish for the time being...1.3670
Yea but that will happen only @ the news, but for the meantime the yen is nice to scalp.
"There's a sucker born every minute" - P.T. Barnum
  • #897,768
  • May 15, 2014 1:42am May 15, 2014 1:42am
EU just not moving much. Swissy has the potential to drop a setup soon though...
  • #897,769
  • May 15, 2014 1:42am May 15, 2014 1:42am
Yet another corrective wave,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


Its already equaled Monday's correction which was followed by a 70 point drop.

Don't expect much from the next impulse it's surely worthy to anticipate the move
  • #897,770
  • May 15, 2014 1:44am May 15, 2014 1:44am
Quoting Davit
{quote} yes
Thanks !
But how do You define the end of the range .And according to Your system , shouldnt You be buying EUR now a it has reached the lower line ?
  • #897,771
  • May 15, 2014 1:44am May 15, 2014 1:44am
Quoting gatorinla
closed ea L for 55 hard azz pips... maybe another shot at 4611.. i have to be careful i expect lower (4561). but i am playing the bounce between. that bounce is usually 5407... it usually goes to 5407 before 4561.. since we got dragis involved now.. that bounce may be less.
Maybe should have done the same. I do get 4611 and 5407, but how now to play the re-entry? Did you close at 4644 and re-enter at 4597?
Fail better.
  • #897,772
  • May 15, 2014 1:48am May 15, 2014 1:48am
Quoting yanitsa
{quote} Thanks ! But how do You define the end of the range .And according to Your system , shouldnt You be buying EUR now a it has reached the lower line ?
No system is automatic.As trader you look at Price and fundamentals.My system is buy zone on Euro but PA is heavy bearish.So I am at sidelines
We had no Bull reaction at all.This is not normal...something else could be brewing like QE
I hope you get the vibe that trading at least to me and many others is multiple level activity.Its not good enough just to say MA's crossed or fibs are at 1.618
or Trend line is broken.Its combination of all little things that create the EDGE hence why my jurnal is called confluence trading.
In trading, you have to be defensive and aggressive at the same time
  • #897,773
  • May 15, 2014 1:48am May 15, 2014 1:48am
It is clear that without migration, at this point the Eurozone wouldn't work. The losses of Southern Europe as a result of entering the EZ, translated into Germany success. Germany on the other hand has been attracting many workers from Southern Europe. The Eurozone to work out would need to create incentives for European mobility until things get sorted. My focus today will be on US data. I would tend to consider any reaction to European data as temporary...including EU CPI.
  • #897,774
  • May 15, 2014 1:51am May 15, 2014 1:51am
Quoting Danny Maina
Yet another corrective wave, {image} Its already equaled Monday's correction which was followed by a 70 point drop. Don't expect much from the next impulse it's surely worthy to anticipate the move
Yep, but i rather place this one on the GBP/USD, since its not that oversold as the EUR/USD.The euro is really at a monthly low there, so you might never know what will happen there.
"There's a sucker born every minute" - P.T. Barnum
  • #897,775
  • May 15, 2014 1:57am May 15, 2014 1:57am
Quoting Davit
{quote} No system is automatic.As trader you look at Price and fundamentals.My system is buy zone on Euro but PA is heavy bearish.So I am at sidelines We had no Bull reaction at all.This is not normal...something else could be brewing like QE
I see !
  • #897,776
  • May 15, 2014 2:01am May 15, 2014 2:01am
added NU limit shorts
2x 87
2x 8720

Getting close 8690 now
In trading, you have to be defensive and aggressive at the same time
  • #897,777
  • May 15, 2014 2:07am May 15, 2014 2:07am
Quoting MaxDoom
my latest view on crude {image}
he didn't bite.... disappointing
  • #897,778
  • May 15, 2014 2:09am May 15, 2014 2:09am
rat
  • #897,779
  • May 15, 2014 2:10am May 15, 2014 2:10am
Quoting Greener
{quote} yeah it is all bearish for the time being...1.3670
I am out..waiting for more
  • #897,780
  • May 15, 2014 2:11am May 15, 2014 2:11am
Prepare to buy.. prepare to buy
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