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  • #900,201
  • May 22, 2014 1:30pm May 22, 2014 1:30pm
Quoting Greener
{quote} I simply posted my view. what else are forums for? why don't you ask yourself same question about your posts?
I was just asking where this specific number came from. That was the reason of that post, at least. The answer was limited to that it is your S1.
I don't really care about points of view and honestly, I don't think any one else does either. Certainly not when questions about it, backed by a reason for asking, mostly receive no answer related to the content, but rather a "who do you think you are" attitude. Well, I don't care.
  • #900,202
  • May 22, 2014 1:32pm May 22, 2014 1:32pm
Quoting aahmad29
{quote} I am starting adding long positions now again. 1. Long @ 1.3648 Reason to add long: EU-D1 ; price is right on top of MA200 and price can go up. If price goes down then there will be retracement and at that point i will add more long position and hopefully close long positions at profit. I will keep updating if i add any other position. I don't even know where price will go but i will try to manage the trades and my target is to close positions at profit.
Great, thank you for really explaining what you do and why you do it. I wish you good profit.
  • #900,203
  • May 22, 2014 1:39pm May 22, 2014 1:39pm
Quoting flofri
{quote} That's exactly my point...why a specific number that has no real meaning? BTW I really don't care how much further down it goes...I don't do S and R in this way. I would really rather say, there is a low. How your S1 got there still amazes me, but only because I am a little bored.
it has meaning 3639 and 3634. 3634 is part of a sequence for 3832. the question is will it hold? i chickened out when we closed -61 on the 4h. now i started buying again. i have no problem closing if the bears drop it.
those who can, do. those who cant, talk about those who can
  • #900,204
  • May 22, 2014 1:41pm May 22, 2014 1:41pm
I would like to buy a little around 3620
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #900,205
  • May 22, 2014 1:42pm May 22, 2014 1:42pm
Quoting gatorinla
{quote} it has meaning 3639 and 3634.
Ok, please enlighten us!
  • #900,206
  • May 22, 2014 1:45pm May 22, 2014 1:45pm
Quoting flofri
{quote} Ok, please enlighten us!
look at last weeks chart.
those who can, do. those who cant, talk about those who can
  • #900,207
  • May 22, 2014 1:49pm May 22, 2014 1:49pm
Quoting gatorinla
{quote} look at last weeks chart.
I guess every one has his/her own way of trading. I haven't the faintest clue what you are hinting at. I have a low there around 1.3647. The relation to 1.3639 completely evades me.

Trading "numbers" doesn't appeal to me at all. Ratios maybe, but only when they fit into other parameters. Anyway, good luck.
  • #900,208
  • May 22, 2014 2:20pm May 22, 2014 2:20pm
Quoting flofri
{quote} I guess every one has his/her own way of trading. I haven't the faintest clue what you are hinting at. I have a low there around 1.3647. The relation to 1.3639 completely evades me. Trading "numbers" doesn't appeal to me at all. Ratios maybe, but only when they fit into other parameters. Anyway, good luck.
look at moves in a direction on your chart, any tf. when they reverse, how far do they go most times? zoom in on a high, it stopped and bounced at some point.. how high was that bounce % wise, before resuming? how many times do they go there? in reality we could go to 3885 before 3561 .. me saying 3832 is just taking some off because of sentiment. we are not near 3561 atm. we are inside, inside has places that a pair likes to bounce off.. i want to catch one of these bounces and go to 3832 or 3885 or more..more is doubtful. this happening is a trend, its no different then a directional trend. its something that happens most times. most times is not every time. so i scalp and try to set a b.e scalp with as many trades as i can. sometimes it works. sometimes it dont. i take 20% off and consider the rest at b.e. we never retraced enough for me to get a valid bullish target. if we break todays high, then we may be able to target near the year close. if you double that move, it puts us near 3832. atm we are in several places i call mofus. they are s/r places where bounces happens very often. we have been in this area for a while now. bears are pushing. so i am looking to sell a bounce.. that bounce may be 1/2 the move down,, or better yet, norm.
either way we should go back to 3678.. and if we end breaking the high, 3678 will probably get a visit from the bull side, even if it goes higher after
those who can, do. those who cant, talk about those who can
  • #900,209
  • May 22, 2014 2:42pm May 22, 2014 2:42pm
Quoting gatorinla
{quote} look at moves in a direction on your chart, any tf. when they reverse, how far do they go most times? zoom in on a high, it stopped and bounced at some point.. how high was that bounce % wise, before resuming? how many times do they go there? in reality we could go to 3885 before 3561 .. me saying 3832 is just taking some off because of sentiment. we are not near 3561 atm. we are inside, inside has places that a pair likes to bounce off.. i want to catch one of these bounces and go to 3832 or 3885 or more..more is doubtful. this happening...
Wow, thank you Gator for your perfect explaining.
Just a question, is there any good indicator to shows Mofus on chart?
  • #900,210
  • May 22, 2014 2:55pm May 22, 2014 2:55pm
Quoting saver0
{quote} yes, I have. Since neural networks doesn't really have a memory, didn't workout so well. So I store the data in a database and calculate on the fly all the possibilities. It's not too bad. It's sort of like using a neural network in its calculation but I think better since it has the full memory of every possibility.
Hi Saver,

you do this on the basis of one TF, or do you use multiple TF analysis?

How long is the history you use in your database?
  • #900,211
  • May 22, 2014 3:02pm May 22, 2014 3:02pm
Quoting gatorinla
{quote} look at moves in a direction on your chart, any tf. when they reverse, how far do they go most times? zoom in on a high, it stopped and bounced at some point.. how high was that bounce % wise, before resuming? how many times do they go there? in reality we could go to 3885 before 3561 .. me saying 3832 is just taking some off because of sentiment. we are not near 3561 atm. we are inside, inside has places that a pair likes to bounce off.. i want to catch one of these bounces and go to 3832 or 3885 or more..more is doubtful. this happening...
Tomorrow: 1.3675 1.79B $ option expiry at 10:00 AM NY.
So "1.3678" might be on the table...
RichieEU
  • #900,212
  • May 22, 2014 3:31pm May 22, 2014 3:31pm
According to OANDA indicator, EU market is uncertain.
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Love for all; Hatred for none.
  • #900,213
  • May 22, 2014 3:49pm May 22, 2014 3:49pm
Quoting godim
{quote} Congratulations. {image}

Thank you....

Yes that was perfect.......I have to admit..
Wherever you go, there you are.
  • #900,214
  • May 22, 2014 3:56pm May 22, 2014 3:56pm
Quoting gatorinla
{quote} look at moves in a direction on your chart, any tf. when they reverse, how far do they go most times? zoom in on a high, it stopped and bounced at some point.. how high was that bounce % wise, before resuming? how many times do they go there? in reality we could go to 3885 before 3561 .. me saying 3832 is just taking some off because of sentiment. we are not near 3561 atm. we are inside, inside has places that a pair likes to bounce off.. i want to catch one of these bounces and go to 3832 or 3885 or more..more is doubtful. this happening...
Well, yes. This sounds like a concise and coherent report of a genuine way to look at it. I wish you good profit in putting your perception to practice.
  • #900,215
  • May 22, 2014 4:06pm May 22, 2014 4:06pm
And Part 4 in the Mass delusion goes to:
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"It's the Margin, Stupid."
  • #900,216
  • May 22, 2014 4:19pm May 22, 2014 4:19pm
Where are these days, when the Euro drops 50 pips and tons of pages filled with $1.20 and $1.25 all over the place ... any idea where these people went?!
"It's the Margin, Stupid."
  • #900,217
  • May 22, 2014 5:07pm May 22, 2014 5:07pm
Quoting Vachus
Where are these days, when the Euro drops 50 pips and tons of pages filled with $1.20 and $1.25 all over the place ... any idea where these people went?!
market is frozen...nothing will happen before Monday, only a great scalper can profit from it.....
Wherever you go, there you are.
  • #900,218
  • May 22, 2014 5:15pm May 22, 2014 5:15pm
Quoting milam
{quote} market is frozen...nothing will happen before Monday,only a great scalper can profit from it.....
Well, unfortunately scalping remains an art that i do not understand or able to practice... but, regardless of trading strategies - tomorrow is not going to be too kind! (Perhaps, a glimpse of reality i speculate ... who knows?! )
"It's the Margin, Stupid."
  • #900,219
  • May 22, 2014 5:32pm May 22, 2014 5:32pm
Quoting Vachus
{quote} Well, unfortunately scalping remains an art that i do not understand or able to practice... but, regardless of trading strategies - tomorrow is not going to be too kind! (Perhaps, a glimpse of reality i speculate ... who knows?! )
Vachus

Scalping is very difficult because of the stress, but in my view it is real trading( that ability to feel the forces of the market at that moment and make decisions upon it) , it takes many years to master, in my view PA in its finest detail is the key (I know you do not believe that), I have a book you might want to have a look, I am going to the gym now, I will sent to you later, it is not easy to read....I leave it to you.

I am closing this trade, a sweet one (sugar), made 5 times my risk, those trades makes the difference and they do not happen often, but they are essential for the account balance, chat later...
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Wherever you go, there you are.
  • #900,220
  • Edited 6:12pm May 22, 2014 5:59pm | Edited 6:12pm
I've started a DEMO account and will try to get into lesson one, just trying to re-learn from scratch. Need a re-thinking so I stopped what I was doing in real.

Don't know if this is right, this will be my first serious attempt on it.

Buy at 1.36565, S/L at 1.36440, 2 orders: one for BE at 1.36700 and 2nd targets 1.38300.

It would be great to know if I'm on the right track.
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