bear from the street.
- #47,182
- Jul 26, 2014 9:18pm Jul 26, 2014 9:18pm
{quote} Yeah, on the 4hr it looks like it is setting up for a retracement at least.
{quote} Yep! I agree! Was just concluding the same. Who said something about impulsive jibberish?Thanks guys! {image}
- #47,184
- Edited 10:34pm Jul 26, 2014 10:18pm | Edited 10:34pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
I usually don't respond to posts like this but there is a lot I want to say and respond to and I thought you all might like to know my thoughts, anywho. 
I also have been trying to post this for almost the last hour, but my new laptop sucks. It's a Lenovo with Windows 8 and so I don't know how to reformat it... and so I use Google Chrome and IE11 but they both suck and they both have problems. Every web page I load in Chrome comes with like 10 million advertisements attached to it, and then when I use IE, it doesn't load all the advertisements, but every so often, maybe 5-10 min, I just lose the webpage I am on and I get messages saying "IE has stopped responding..." or something like that, and then lose all my work. So I have to save often and all the time. It's very annoying, and if you know how I can fix this, I would love it... because if it were up to me, I would reformatted this POS a long time ago.
Ok, anyways, now that my rant is done... I guess I will actually talk about trading.
Hi Exodus and thanks for your last message. I wanted to say that I agree with this post, and I think you said it well too. From what I am looking at, it seems like the 4H chart wants to take a push down (retrace), but it also seems like there is support on the 15M and 1H charts, so while I agree that U/J will "try" to go down when the market opens Sun - Mon, it's effect should be very limited.
I would not particularly want to be short going into this upcoming week. I am not saying there won't be the possibility to make money being short, but I wouldn't want to bet my own money on that. I think there is a chance that the time to go short might occur sometime mid-week, but we will see, as I will re-evaluate the market closer to then. As far as when the market opens, I would much rather be long still than short, and I will likely be looking to put on a long trade shortly after the market opens.
Deniaf, your posts seem great and I cannot see anything wrong with them so far... keep up your good analysis 
Ugh, sorry... this is really going to take a long time (at this rate). My answer: NO! Absolutely not! I do not see ANY of your outlined scenarios happening. I have been trading U/J now specifically (it's the only pair I trade) for over a year now, maybe two (I used to trade G/J), and so I am starting to get familiar with it's patterns. And with that said, I think it's pattern right now is "ranging" and I think that's exactly what we're going to get. More range. U/J could definitely break 102 this upcoming week, but I think 103 is out of the question. And so is 101. I hope that is enough "reasoning". If you would like to know more, why don't you tell me your own reasoning, and then that way I could at least respond to it personally.
My answer: Option D: NONE OF THE ABOVE...
Hi Ken, strange that you did not post exactly who this message is to? I'd love to take credit for it... but only with ur approval, of course 
No worries baconnator! I know how tough trading can be, so I try not to really bash anyone here... unless you just walk into the room (this thread) like some guy did recently... and post some REAL jibberish... like U/J is going to hit 85 in 6 months. Well, I'm sorry, but I won't be afraid to call you a n00b then. Just don't be an idiot, and you can, and will, earn my respect. And trust me, I'm no genius either... far from it. I am working on the holy grail EA but still long ways to go. I just will get pissed off if you think that I am a noob. Anyways, glad to have you as a friend!
I also have been trying to post this for almost the last hour, but my new laptop sucks. It's a Lenovo with Windows 8 and so I don't know how to reformat it... and so I use Google Chrome and IE11 but they both suck and they both have problems. Every web page I load in Chrome comes with like 10 million advertisements attached to it, and then when I use IE, it doesn't load all the advertisements, but every so often, maybe 5-10 min, I just lose the webpage I am on and I get messages saying "IE has stopped responding..." or something like that, and then lose all my work. So I have to save often and all the time. It's very annoying, and if you know how I can fix this, I would love it... because if it were up to me, I would reformatted this POS a long time ago.
Ok, anyways, now that my rant is done... I guess I will actually talk about trading.
Yeah, on the 4hr it looks like it is setting up for a retracement at least.
I would not particularly want to be short going into this upcoming week. I am not saying there won't be the possibility to make money being short, but I wouldn't want to bet my own money on that. I think there is a chance that the time to go short might occur sometime mid-week, but we will see, as I will re-evaluate the market closer to then. As far as when the market opens, I would much rather be long still than short, and I will likely be looking to put on a long trade shortly after the market opens.
Please let me know if I just posted some impulsive jibberish or if you agree on this
Anybody see one of these three scenarios happening? From Wedsnesday to Friday to the week after A. Price rises to at least 103 B. Price drops to 101 and below C. Major fluctuations with either rising and dropping, or dropping and rising Anybody else think A or B will be most likely? If so, which one and what is your reasoning?
My answer: Option D: NONE OF THE ABOVE...
I think you just discovered the Holy Grail
thanks smash. I would prefer long for now due to the latest news events. What you said above was also correct, but sometime trader like me just cannot make up my minds. It's a hard choice when the possibilities outcome is nearly even...
Please check out my blog at https://from-zero-to-hero . net
- #47,185
- Jul 27, 2014 5:35am Jul 27, 2014 5:35am
I usually don't respond to posts like this but there is a lot I want to say and respond to and I thought you all might like to know my thoughts, anywho.
Hi smash,
Thank you for your feedback. Really appreciated!
With regards to your browser situation, a few thoughts:
- Ditch IE! Not because I don't like Microsoft, but it has some real security issues.
- It never has been the most stable nor reliable browser anyway.
- Chrome: I have Adblock installed. It gets rid of that Christmas tree-effect...lightning up your browser with ads as you were a guinea pig for marketing. Let me know if you need help to get it.
- Or downgrade to Windows 7. It's still early days for Windows 8, compared to 7. You don't have to reformat you hard drive, so you won't loose anything.
- Or before posting, write your messages in Notepad or Word and then copy/paste it in your browser. As a temporary solution.
- #47,186
- Jul 27, 2014 5:59pm Jul 27, 2014 5:59pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Please check out my blog at https://from-zero-to-hero . net
- #47,187
- Edited 6:20pm Jul 27, 2014 6:03pm | Edited 6:20pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Long a little @ 101.77 
May add a little more later.
May add a little more later.
Please check out my blog at https://from-zero-to-hero . net
- #47,188
- Jul 27, 2014 6:10pm Jul 27, 2014 6:10pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Yep! I agree! Was just concluding the same. Who said something about impulsive jibberish?
I just wanted to let you know that I took a closer look at the chart you posted, and it really does seem great. I would like to ask you, did you pay for such a system? Did you develop it yourself? How did you get your hands on it? I have not seen many systems that will literally name each candlestick pattern on the chart for you. Or did you do that yourself? It would be a lot of work if you did, and I am guessing that you didn't.
I also like your chart because it seems to have a forecasting ability, at least which you have displayed on your chart, and that also looks good imo. I just posted that I am long now from 101.77 and I noticed it also corresponds to the support you've posted, which is even more reason why I am saying to go long now.
I assume that it was a 1M (1 minute) chart you posted?
Please correct me if I am wrong!
PS: I am still working on your suggestions and will get back to you soon. I think I might just install Firefox in the meantime, and see how that goes... Also, I will try to get my hands on AdBlock, I use torrents lol, so it shouldn't be a problem. Thank you for your suggestions!
(I have been saving all of my posts in Notepad, lol... It's the only way to get it done right now hahaha)
Please check out my blog at https://from-zero-to-hero . net
- #47,190
- Edited 8:34pm Jul 27, 2014 8:24pm | Edited 8:34pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
This is how confident I am in the longs...
Pipskatcher (just saw your post as I was writing this), 102.30? How about, RIGHT NOW???
If you want to run the calculations and figure out my account size, I guess you could... But you could also just look at my TE.]
Maximum leverage 50:1, and I am at 48:1. B0000000M!
But obviously I will be watching these last 2 trades very closely. If I have to close out of a micro lot at a time, I will not hesitate to do so. THAT IS HOW YOU CAN BEAT THE BROKERS AT THEIR OWN GAME!!!!!
Pipskatcher (just saw your post as I was writing this), 102.30? How about, RIGHT NOW???
If you want to run the calculations and figure out my account size, I guess you could... But you could also just look at my TE.]
Maximum leverage 50:1, and I am at 48:1. B0000000M!
But obviously I will be watching these last 2 trades very closely. If I have to close out of a micro lot at a time, I will not hesitate to do so. THAT IS HOW YOU CAN BEAT THE BROKERS AT THEIR OWN GAME!!!!!
Please check out my blog at https://from-zero-to-hero . net
This is how confident I am in the longs... Pipskatcher (just saw your post as I was writing this), 102.30? How about, RIGHT NOW??? {image} If you want to run the calculations and figure out my account size, I guess you could... But you could also just look at my TE.] Maximum leverage 50:1, and I am at 48:1. B0000000M!
There is trendline resistance exist on daily chart 101.90 , if break another minor horizontal resistance @ 102.26 ..so i will enter long above 102.30 . safer side u know
- #47,193
- Jul 27, 2014 10:09pm Jul 27, 2014 10:09pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
{quote} ....easy on yourself. Your postings bear a lot of reasonable thinking. Let us look at the short suggestion a bit more (as in thinking out loud). UJ has reached 101.80 which is a clearly defined resistance, a short was/is definitely a strong possibility. By way of support for your thinking let me say that yesterday I closed my two long positions in profit, and even sneaked a few pips short when the crappy new-homes figures came out - I think it was then.... However you have overlooked the Nikkei effect. That index posted a modest gain whilst...
Been some time. Thank you for your response, I appreciate it. I was looking at your profile just now, and I saw something interesting. It really caught my attention, and I was just wondering. I do not mean any offense at all, but just wondering what your perspective is/was on this.
Your TE has banked about 6,000 pips (over X?? amount of time), yet you have only made ~10%. Do you see any problems with this? I am just wondering. If anything (and I could COMPLETELY understand, because I could totally relate to it)... it just shows and emphasizes the importance of good money management and R:R in your trades. What are your thoughts? Are you satisified with the 10% gain you have so far (for your Beer Fund, of course!, rofl
), or do you want more still? Or lots more? Again, I am just wondering. Thank you for your thoughts. 6,000 pips is a heck of a lot of pips for anyone.
Please check out my blog at https://from-zero-to-hero . net
- #47,194
- Jul 27, 2014 10:42pm Jul 27, 2014 10:42pm
- Joined May 2012 | Status: CoC'd again ! | 8,578 Posts | Online Now
I have two machines, one for trading and this one for news and FF etc. They both run Vista and, strangely, my trading system (Home Premium) seems stable and reliable - but I only run JForex on there. This one uses Vista Business (... long story) and is very playful. I get BSOD once a week. However Vista recovers from that and carries on, telling me to stop installing new hardware ( !! ) and such like. I haven't had the hood up since I put in the SSD last year sometime.....
I am experimenting with Linux. That journey is recorded elsewhere.
I think you can upgrade to 8.1 for free. Eldest daughter bought her own T100 a few months back, nice piece of kit. It came with 8.1 and seems to be reliable enough. She is the sort of young woman who would let everybody know if it misbehaved.
I use Comodo Dragon. It is a streamlined Chrome family browser with none of the extra Google 'features'. It is fast, used to come with PrivDog, and I wouldn't use anything else. ...and the best bit... last BSOD event I was in the middle of posting on FF, I've given up swearing as I have become accustomed to the playfulness. When I re-started Dragon the banner/notifier at the top of the screen advising the "... was shutdown unexpectedly, would you like to Resume previous tabs?" yielded my part-completed posting window with previous text ready to carry on or post!
I am experimenting with Linux. That journey is recorded elsewhere.
I also have been trying to post this for almost the last hour, but my new laptop sucks. It's a Lenovo with Windows 8 and so I don't know how to reformat it... and so I use Google Chrome and IE11 but they both suck and they both have problems. Every web page I load in Chrome comes with like 10 million advertisements attached to it, and then when I use IE, it doesn't load all the advertisements, but every so often, maybe 5-10 min, I just lose the webpage I am on and I get messages saying "IE has stopped responding..." or something like that, and then...
I use Comodo Dragon. It is a streamlined Chrome family browser with none of the extra Google 'features'. It is fast, used to come with PrivDog, and I wouldn't use anything else. ...and the best bit... last BSOD event I was in the middle of posting on FF, I've given up swearing as I have become accustomed to the playfulness. When I re-started Dragon the banner/notifier at the top of the screen advising the "... was shutdown unexpectedly, would you like to Resume previous tabs?" yielded my part-completed posting window with previous text ready to carry on or post!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
- #47,195
- Jul 27, 2014 10:47pm Jul 27, 2014 10:47pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Thanks, but what about your Beer Fund?! 
Will you be throwing a party for all FF members soon???
Will you be throwing a party for all FF members soon???
Please check out my blog at https://from-zero-to-hero . net
- #47,196
- Edited 11:19pm Jul 27, 2014 11:06pm | Edited 11:19pm
- Joined May 2012 | Status: CoC'd again ! | 8,578 Posts | Online Now
{quote} Hi Exodus, Been some time. Thank you for your response, I appreciate it. I was looking at your profile just now, and I saw something interesting. It really caught my attention, and I was just wondering. I do not mean any offense at all, but just wondering what your perspective is/was on this. Your TE has banked about 6,000 pips (over X?? amount of time), yet you have only made ~10%. Do you see any problems with this? I am just wondering. If anything (and I could COMPLETELY understand, because I could totally relate to it)... it just shows...
This year I am trying to do the same with another account containing about $10k, and having less success. My Oanda account has some seriously underwater EJ positions, and I am using that account (which now contains only trading profits) to examine my trading psyche and attempts to become detached from the trading aspect. My JForex account has been up and down since April when I opened it, and is the account which I trade every day (well usually....). Currently at minus 4% overall. I had a 3 month excursion with LMAX from January (fast trading platform, but I didn't like the US trading rules - with a UK broker !) and exited that account with about .01% profit.
I suffer poor self-discipline at times, as do you it seems. I am also distracted by the stock market wherein I have a much greater stake. The possibility that the bull run on those markets may have ended has been causing me to put a lot of time into research, and my forex trading has suffered. It appears so anyway.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
- #47,197
- Edited 11:17pm Jul 27, 2014 11:07pm | Edited 11:17pm
- Joined May 2012 | Status: CoC'd again ! | 8,578 Posts | Online Now
Thanks, but what about your Beer Fund?!
edit: Sorry, just read your profile - Chicago.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
- #47,199
- Jul 28, 2014 12:07am Jul 28, 2014 12:07am
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Are you East-coast or West-coast? edit: Sorry, just read your profile - Chicago.
edit: The only thing that I don't like about Chicago is Obama. ROFL.
And I guess the violence...
Please check out my blog at https://from-zero-to-hero . net
