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Oktoberfest Nightclub

  • #5,521
  • Jun 5, 2014 7:14am Jun 5, 2014 7:14am
Quoting hadox
The Loser Trader, the Confident Trader; ....
Great read. I have found a lot about myself in the article. I have already wondered why I could not adapt my routine as a basketball player (which is also described in the text) in trading. When I was playing, I sometimes spent 5 hours only shooting Midrange-Jumpers and Three Pointers. Then another day only doing strenghtening or conditioning, or another day just practising finishing moves around the basket - Hook shots, layups, floaters ...

Has to be a similair approach to trading I have not found yet. Maybe one day only studying Geppy, GU and UJ, the other day only E/A, E/U and A/U. The comparison actually has to make some sense here.
Fix up, trade sharp ...
  • #5,522
  • Jun 5, 2014 7:40am Jun 5, 2014 7:40am
Quoting USD-Bear
chancing an GJ short @ 172,01 risking 9
pfff, stopped @ BE
Don't be a hero. Don't have an ego. Always question yourself
  • #5,523
  • Jun 5, 2014 7:57am Jun 5, 2014 7:57am
Nice opportunity to short the e/u at 1.3565 off the back of fundamental reasons
  • #5,524
  • Jun 5, 2014 8:01am Jun 5, 2014 8:01am
Quoting Hickson
{quote} Great read. I have found a lot about myself in the article. I have already wondered why I could not adapt my routine as a basketball player (which is also described in the text) in trading. When I was playing, I sometimes spent 5 hours only shooting Midrange-Jumpers and Three Pointers. Then another day only doing strenghtening or conditioning, or another day just practising finishing moves around the basket - Hook shots, layups, floaters ... Has to be a similair approach to trading I have not found yet. Maybe one day only studying Geppy,...
yes, it's pretty good.. I like reading stuff like that, especially when markets are slow, helps a lot..

just have patience Hickson..
Patience is a virtue...
  • #5,525
  • Jun 5, 2014 8:02am Jun 5, 2014 8:02am
Quoting doggette
Nice opportunity to short the e/u at 1.3565 off the back of fundamental reasons
I'm more interested in the reaction from the 1.352x/1x area to be honest..
Patience is a virtue...
  • #5,526
  • Jun 5, 2014 8:07am Jun 5, 2014 8:07am
and dax reached 10.0xx, shit..
Patience is a virtue...
  • #5,527
  • Jun 5, 2014 8:30am Jun 5, 2014 8:30am
Quoting hadox
{quote} I'm more interested in the reaction from the 1.352x/1x area to be honest..
Caution advised, todays ECB announcement is one of those game-changing scenarios. They are designing QE and LTRO to devalue euro for the purpose of stopping deflation.

Not wise longing euro in current ECB policy conditions
  • #5,528
  • Jun 5, 2014 8:49am Jun 5, 2014 8:49am
Quoting doggette
{quote} Caution advised, todays ECB announcement is one of those game-changing scenarios. They are designing QE and LTRO to devalue euro for the purpose of stopping deflation. Not wise longing euro in current ECB policy conditions
maybe, but I guess it depends on where you're trying to do it, and what you're expecting to get.. I mean, if you're trying to catch it in the middle of nowhere, then yes, but if you're having some solid S-areas + a solid RR, then I don't see any problem..
Patience is a virtue...
  • #5,529
  • Jun 5, 2014 9:15am Jun 5, 2014 9:15am
hoping this one lasts

GJ M15:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #5,530
  • Jun 5, 2014 9:21am Jun 5, 2014 9:21am
Quoting USD-Bear
hoping this one lasts GJ M15: {image}
sharp one Bear..

don't know the impact from cable, but cable is above R (intraday bulls) and next area is around 1.681x/4x ..
Patience is a virtue...
  • #5,531
  • Jun 5, 2014 9:25am Jun 5, 2014 9:25am
Quoting hadox
{quote} sharp one Bear.. don't know the impact from cable, but cable is above R (intraday bulls) and next area is around 1.681x/4x ..
yes huge fight between G/U and UJ, no idea who wins well, things at BE again, would be nice to finally catch something, doesn't look like it....
Don't be a hero. Don't have an ego. Always question yourself
  • #5,532
  • Jun 5, 2014 9:57am Jun 5, 2014 9:57am
Back from the city, now looking at the casualties...

Two straight KIA's, long EU and short UChf with tight sl (-10 pips), caught in the spike.
Two ECad shorts exited with ok profit, this is now confirmed long to 5114, better 5260. Will try to short at 4966 for a counter.
Stopped out of my EA long from May, 15th with measly 20 pips but managed to enter larger position at my "dreampoint" 4532. S/L is at 4507 now, target remains 5407 (), partial taken to cover sl and some.
Took a partial on my GU long from 6717 @6790, fínal target 6875.
First short EU was missed (yet), waiting.
DAX: will be very interesting to see what markets make out of this. The BRN is out of the way, we have new liquidity but a message that says: EZ is fucked, and we don't know what more to do. We'll see the shit hit the fan tomorrow, when we get the first press statements from the german financial ministry: "QE nur über meine Leiche..."

puuuh...
Fail better.
  • #5,533
  • Jun 5, 2014 1:18pm Jun 5, 2014 1:18pm
Quoting hadox
{quote} I'm more interested in the reaction from the 1.352x/1x area to be honest..
bulls stepped in at 1.352x/1x and atm we're above the top of the cluster zone (1.358x/1.364x).. if bulls manage to stay above that area, the odds for a test of 1.370x/1x is a bit higher in my books.. a break of 1.370x/1x and bulls might aim for 1.380x/1x, a rejection and we're prolly heading back to the cluster crap..

anyway, time will tell..
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Patience is a virtue...
  • #5,534
  • Jun 6, 2014 2:28am Jun 6, 2014 2:28am
looking for USD-strength after yesterday's madness

USDOLLAR D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #5,535
  • Jun 6, 2014 2:30am Jun 6, 2014 2:30am
chancing a GU short @ 1,6808

GU M15:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #5,536
  • Jun 6, 2014 2:45am Jun 6, 2014 2:45am
Good morning.

With NFP looming, not very mucht to do atm. My first EU short at 3660 was triggered, now looking if it will reach 3577, and reaction there. Imo EU will go up further (383x??), but my longerterm bearish view is intact.
Had a short exchange in the euthread with Gator, thinking about changing my bias in UJ, depends how it will react today to NFP.
GU: not yet in short territory for me, although a pullback is due, first pending at 6872.
EA: make or break, still like my long entry yesterday, but seems we'll test this mofu (if it indeed is one...) again.

Edit: I don't understand/like what's happening in EChf atm, am about to get stopped out of one of my longterm longs, but that is not the thing, looking as if it's heading much lower, but why? Save haven flows? With equities at highs?
Fail better.
  • #5,537
  • Jun 6, 2014 3:12am Jun 6, 2014 3:12am
Quoting LarryDarrell
Good morning. With NFP looming, not very mucht to do atm. My first EU short at 3660 was triggered, now looking if it will reach 3577, and reaction there. Imo EU will go up further (383x??), but my longerterm bearish view is intact. Had a short exchange in the euthread with Gator, thinking about changing my bias in UJ, depends how it will react today to NFP. GU: not yet in short territory for me, although a pullback is due, first pending at 6872. EA: make or break, still like my long entry yesterday, but seems we'll...
short EU on 8 positions
GU 6 short
In trading, you have to be defensive and aggressive at the same time
  • #5,538
  • Jun 6, 2014 4:10am Jun 6, 2014 4:10am
Quoting hadox
{quote} bulls stepped in at 1.352x/1x and atm we're above the top of the cluster zone (1.358x/1.364x).. if bulls manage to stay above that area, the odds for a test of 1.370x/1x is a bit higher in my books.. a break of 1.370x/1x and bulls might aim for 1.380x/1x, a rejection and we're prolly heading back to the cluster crap.. anyway, time will tell.. {image}
they got the close above the cluster - a pullback is expected - lets see if bulls step in at 1.362x.. anyway, its friday, and shit happens..
Patience is a virtue...
  • #5,539
  • Jun 6, 2014 5:14am Jun 6, 2014 5:14am
Quoting USD-Bear
chancing a GU short @ 1,6808 GU M15: {image}
flat -2
Don't be a hero. Don't have an ego. Always question yourself
  • #5,540
  • Jun 6, 2014 7:34am Jun 6, 2014 7:34am
NFPs are meeting the expectations. Does not look like spectacular moves.
Fix up, trade sharp ...
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