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Oktoberfest Nightclub

  • #5,461
  • May 29, 2014 3:45am May 29, 2014 3:45am
Quoting LarryDarrell
{quote} I understand, but you are missing setups all the time. There are countless of them each day, and so it doesn't matter...
Sound advice mate.
  • #5,462
  • May 29, 2014 3:46am May 29, 2014 3:46am
Quoting Hickson
{quote} Already thought about this, 1-3 pairs and nothing else. Just very hard to do from a psychological perspective, since I always have the feeling to "miss something". On the other hand, it probably just makes no sense, since nobody can do everything at the same time. Then again, if you want to trade Geppy for example, you also have to consider U/J and G/U.
always good to specialize first, GJ would be a great teacher but the stuff is rocket science, comfortable what that you can manage almost everything.
GU comparable but less hectic.
Would suggest not to choose UJ, it's a pair which needs too much patience.
Best think I found is the psychological part of trading, you know the feeling like as soon as I do a trade it goes against me, with every trade try to place yourself in the shoes of the bastards, what could they do to really hurt my trade, for example you see an UJ 102 level as the best to position your short, it proved numerous times to be the perfect short entry.
You could do: sell at 101.90 because you are eager to get it and place a stop @ 102.10 excepting a BO and trade failure.
You should do: wait for bastards breaking that 102 level and short if it stops a little above, like to include volume data in analyses.
Just realize there are so many fishes to catch you never have to feel your missing something which feeling can be very dangerous in trading.
gl
Don't be a hero. Don't have an ego. Always question yourself
  • #5,463
  • May 29, 2014 3:55am May 29, 2014 3:55am
Quoting USD-Bear
{quote} You could do: sell at 101.90 because you are eager to get it and place a stop @ 102.10 excepting a BO and trade failure. You should do: wait for bastards breaking that 102 level and short if it stops a little above, like to include volume data in analyses. Just realize there are so many fishes to catch you never have to feel your missing something which feeling can be very dangerous in trading. gl
Awesome thoughts. How do I use volume data in the analysis though?
Fix up, trade sharp ...
  • #5,464
  • May 29, 2014 4:31am May 29, 2014 4:31am
Quoting LarryDarrell
{quote} there is still the open case at the german constitutional court. So: I see a lower EU as well, much lower, but I'm sceptical that we'll see 'real' QE.
Hi Larry, as I understand it the German Court passed the buck to the ECJ (European Court of Justice) and a ruling from those useless beaurocrats could be years away.....
Weidmann was anti QE but now he appears to be giving in.....Draghis men must have brainwashed and/or given him loads of free Euros
Anyway talk from the Vampire Squid is that some sort of large scale asset purchase will be talked about in the June press conference.......
I need to stop eating all this FA crap, the bastard bankers end up doing whatever they want at the end of the day, regardless of the law
Latest news out of the UK today!!!.....
"Middle classes will disappear in next 30 years warns Government adviser
Property price rises will cause the middle classes to disappear within 30 years, leaving only a “wealthy elite and sprawling proletariat”, government adviser says"
Christ what have the bastards done to society....
  • #5,465
  • May 29, 2014 4:39am May 29, 2014 4:39am
Quoting jonnypants
{quote} Christ what have the bastards done to society....
The world is coming to an end for more than 2000 years now. But yeah, agree, the society we live in ins fucked up. Greedy assholes and careless people everywhere. Gotta keep shining somehow and grind on.
Fix up, trade sharp ...
  • #5,466
  • May 29, 2014 7:44am May 29, 2014 7:44am
Attached Image
Patience is a virtue...
  • #5,467
  • May 29, 2014 7:48am May 29, 2014 7:48am
Inserted Video


latrs..
Patience is a virtue...
  • #5,468
  • May 29, 2014 8:18am May 29, 2014 8:18am
Quoting Hickson
{quote} Awesome thoughts. How do I use volume data in the analysis though?
not a guru on that, but trending moves often end/turn with very large volumes.
You need a few bars in the other direction to make to sign valid.
A move could end/return at support/resistance if volume stays normal it might not support/resist.
Easy to study effects, look for extreme volume to see its effects.
Don't be a hero. Don't have an ego. Always question yourself
  • #5,469
  • May 29, 2014 8:40am May 29, 2014 8:40am
Quoting hadox
https://www.youtube.com/watch?v=8wRW57nBLMI latrs..
Nice.
Fix up, trade sharp ...
  • #5,470
  • May 29, 2014 9:39am May 29, 2014 9:39am
Quoting jonnypants
...... I need to stop eating all this FA crap, the bastard bankers end up doing whatever they want at the end of the day, regardless of the law Latest news out of the UK today!!!..... "Middle classes will disappear in next 30 years warns Government adviser Property price rises will cause the middle classes to disappear within 30 years, leaving only a “wealthy elite and sprawling proletariat”, government adviser says" Christ what have the bastards done to society....
Hi Jonny, dito. But if I remember correctly Schäuble said something like 'OMT would be illigal, good thing we didn't have to do it'. Have to look it up, though, and won't do it today...
Sounds like that advisor read 'Capital in the 21st century' , or at least some executive summary.
Fail better.
  • #5,471
  • May 29, 2014 9:44am May 29, 2014 9:44am
Quoting USD-Bear
{quote} not a guru on that, but trending moves often end/turn with very large volumes. You need a few bars in the other direction to make to sign valid. A move could end/return at support/resistance if volume stays normal it might not support/resist. Easy to study effects, look for extreme volume to see its effects.
Hm, depends on the timeframe I guess. Or just size of candles? So if the candles at support or resistance stay quite big, it is not so likely to hold?
Fix up, trade sharp ...
  • #5,472
  • May 29, 2014 9:54am May 29, 2014 9:54am
My take on EU and GU
Both sell the rallies or go long exit then dump
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 52 KB
Click to Enlarge Name: gbpusd.daily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,473
  • May 29, 2014 11:45am May 29, 2014 11:45am
https://encrypted-tbn2.gstatic.com/i...YBE_l98SEdpuUw
Good night, people...
Fail better.
  • #5,474
  • May 30, 2014 12:06am May 30, 2014 12:06am
Good morning.

Quoting jonnypants
{quote} Hi Larry, as I understand it the German Court passed...
Jonny, I had a short look, this is what I found (partially in German, sorry):
http://www.bloomberg.com/video/schae...CBKQlu5Hw.html
http://www.finfacts.ie/irishfinancen..._1027709.shtml
http://www.faz.net/aktuell/wirtschaf...-12955803.html

More or less: to use OMT, there has to be a decision to use ESM. This is something that needs an unanimous vote of the governments, and this german government won't do it. So: OMT won't be used. Quote "I do not have to concern myself with a mere announcement of the ECB".

Attached Image
Fail better.
  • #5,475
  • May 30, 2014 1:52am May 30, 2014 1:52am
yes I agree with Schauble, the bastards shouldn't be allowed to do it (isn't he the poor bastard who got shot?)
All eyes on Draghi next month I guess.....
Maybe the bastards don't give a sh!t really as long as bond rates stay low, the rest is rhetoric.......
  • #5,476
  • May 30, 2014 4:33am May 30, 2014 4:33am
Quoting hadox
{quote} I see, thx.. looking at 1.358x and 1.364x today.. the next S- area I have is around 1.352x/1x, but at any rate, I'll wait for some clues at the levels first..
small euro bulls still sitting around 1.358x which could point towards 1.364x, but so far, not a very convincing bounce.. its friday and shit happens, the Q is which way..

anyway.. catch you next week..


enjoy the weekend everyone
Patience is a virtue...
  • #5,477
  • May 30, 2014 4:53am May 30, 2014 4:53am
Quoting hadox
{quote} small euro bulls still sitting around 1.358x which could point towards 1.364x, but so far, not a very convincing bounce.. its friday and shit happens, the Q is which way.. anyway.. catch you next week.. enjoy the weekend everyone
Also last trading day of the month
  • #5,478
  • May 30, 2014 9:37am May 30, 2014 9:37am
Closing shop for today. Wish you all a nice weekend.

PS: little bit disappointed that I didn't recieve feedback on my scientific evidence for Germany winning this years worldcup...

Quoting LarryDarrell
...
Fail better.
  • #5,479
  • Jun 1, 2014 11:24pm Jun 1, 2014 11:24pm
Quoting hadox
{quote} small euro bulls still sitting around 1.358x which could point towards 1.364x, but so far, not a very convincing bounce.. its friday and shit happens, the Q is which way.. anyway.. catch you next week.. enjoy the weekend everyone
lets see if bulls have the power to crack 1.364x today.. looking around 1.371x if they break it, and 1.3590/8x if they fail..

cable is a bit tricky today, at least for me.. anyway, if bulls can break 1.675x they might wanna test 1.681x, if bears steps in at 1.675x instead, there's prolly a chance of testing 1.671x.. I guess..
Patience is a virtue...
  • #5,480
  • Jun 2, 2014 12:33am Jun 2, 2014 12:33am
Good morning.

Quoting hadox
{quote} lets see if bulls have the power to crack 1.364x today.. looking around 1.371x if they break it, and 1.3590/8x if they fail.. cable is a bit tricky today, at least for me.. anyway, if bulls can break 1.675x they might wanna test 1.681x, if bears steps in at 1.675x instead, there's prolly a chance of testing 1.671x.. I guess..
Exactly my levels as well, otherwise not a real clue. Sold additional short on UChf @8968 because I expect a test of 8856 and 8825, but not looking good atm. ECad: waiting for the reaction at 4731, if it doesn't reach have to wait for a break of 4823 and a return to the mid.
This week is gonna be tricky with Supermario on thursday.
Fail better.
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