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  • #921,741
  • Sep 4, 2014 4:32pm Sep 4, 2014 4:32pm
Quoting LarryDarrell
{quote} You make some valid points, but we haven't seen a serious attack on the floor since 2012. And each and everyone was repelled. I'd have to dig, but I recall that SNB has tasked some banks with watching the M1 or tickchart... they do have unlimited funds, but of course have to weigh whats best for the SNB's mandate. And you can put up all press conferences of the last years, every time stating: the cap is great, we'll keep it. So, concerned but not convinced. I agree though that a break would be nasty.
It would have been a great trade the other way around, if only EURUSD wasn't weakening and Super Mario got in the business of Euro devaluation ... So, i agree on the main title.
"It's the Margin, Stupid."
  • #921,742
  • Sep 4, 2014 4:33pm Sep 4, 2014 4:33pm
Don't hope. Take what is there at real, if you want something and the price don't go there where you want, you will be disappointed. No need to be disappointed. Take what market offer. Levels are everything.
I'm on fundamental from 5 Years but that don't stop me to scalp the market in all directions even I "know" the direction for next 3 months.
  • #921,743
  • Sep 4, 2014 4:47pm Sep 4, 2014 4:47pm
Quoting infinitus
{quote} Hope all is good and running
All is well, Mr Markus. Hope the same for you, me auld flower.

Catch up when summer surrenders its final offerings.

Best,

k
  • #921,744
  • Sep 4, 2014 4:55pm Sep 4, 2014 4:55pm
A lot of hope in this thread : I hope for new low, or new high, I hope for a good news, bad news, everybody hope for something. But, if you don't hope and take the reality like it is?

If someone hope then he/she don t have a chance in this game. Are 2 ways: Fundamental and Technical. Both can go together and separate in the same time.

Hope it not from this game. Hope will kill your account.
  • #921,745
  • Sep 4, 2014 4:59pm Sep 4, 2014 4:59pm
A lot of people speak about price action. What is price action? Hard to say. Many say it about candles and bars. I say it nothing. Price Action has no definition.
Levels and trends can have a definition but Price Action...? Where is the definition of PA?
  • #921,746
  • Sep 4, 2014 5:01pm Sep 4, 2014 5:01pm
Quoting barbones
Hope it not from this game. Hope will kill your account.
If you enter first and hope then, yes, its an account killer. I don't see anything wrong to hope for a number to be hit to enter, if it doesn't get hit, no entry, no loss. I don't like drawdowns, I could enter short here, but I can see this going back 15-20 pips, so I rather wait. If it doesn't go up, I simply won't enter so not risking a thing. If it goes up to 2955, I enter short and put a SL at 2960 which wasn't touched on the earlier way up, so I only risk 5 pips. I don't see anything wrong with that kind of hope.
Everyone can see the chart, but only a few can actually read it.
  • #921,747
  • Sep 4, 2014 5:08pm Sep 4, 2014 5:08pm
From 2008 I see only how people lost there money. Most of the retail traders lost there money. Why? Because nobody tell the truth here or in other place. The direction of a currencies come from Central Banks. Reed that and take the direction. You want small moves and big risk? Dont thing about Central Banks and the long direction, cos you want 10 pips, not 200,
  • #921,748
  • Sep 4, 2014 5:09pm Sep 4, 2014 5:09pm
Quoting kenfen69
{quote} All is well, Mr Markus. Hope the same for you, me auld flower. Catch up when summer surrenders its final offerings. Best, k
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Enjoy the time, mate
  • #921,749
  • Sep 4, 2014 5:12pm Sep 4, 2014 5:12pm
Quoting OnlineAddict
{quote} If you enter first and hope then, yes, its an account killer. I don't see anything wrong to hope for a number to be hit to enter, if it doesn't get hit, no entry, no loss. I don't like drawdowns, I could enter short here, but I can see this going back 15-20 pips, so I rather wait. If it doesn't go up, I simply won't enter so not risking a thing. If it goes up to 2955, I enter short and put a SL at 2960 which wasn't touched on the earlier way up, so I only risk 5 pips. I don't see anything wrong with that kind of hope.
If you enter, don t need to hope. Are 3 situations : you close quick, you leave to TP or leave for SL. Correct? why to hope ....
  • #921,750
  • Sep 4, 2014 5:15pm Sep 4, 2014 5:15pm
Quoting barbones
{quote} If you enter, don t need to hope. Are 3 situations : you close quick, you leave to TP or leave for SL. Correct? why to hope ....
You didn't read my post. I hope, because I rather enter short 5 pips below a number I think we won't touch than 20 pips below. So my hope goes for the market giving me another chance to enter with low risk, not just enter anywhere without thinking how much I want to risk in the trade. Just because I'm bearish, doesn't mean I just click the short button anywhere we are.
Everyone can see the chart, but only a few can actually read it.
  • #921,751
  • Sep 4, 2014 5:21pm Sep 4, 2014 5:21pm
In 90% of my trades, I "hope" for TP, but most of the time I close very quick. Yes, I hope also, but for 1 2 minutes, not more. I close quick and I leave the hope. In 60 minutes will be anther opportunity.

instead, in fundamental trades I don t hope at all I know for sure what is the direction and from 3 years ago I don t have a bad bet, only problem is I don t win to much in that trades. Fear. It s all about emotions.
  • #921,752
  • Sep 4, 2014 5:27pm Sep 4, 2014 5:27pm
Quoting barbones
In 90% of my trades, I "hope" for TP, but most of the time I close very quick. Yes, I hope also, but for 1 2 minutes, not more. I close quick and I leave the hope. In 60 minutes will be anther opportunity.
If I'm already in the right trade and SL is far away...I don't care if my TP gets hit...if I see the move is slowing down or important news is coming up, I close when in profit or move SL to profit, just in case. So my trading is more about watching PA at important levels to choose the proper SL, then when I have a level which I think won't be reached, I wait for an entry. Might never come, but its better not to be in a trade sometimes. Got burned twice today, first I thought 1.3 will hold, so lost 20 pips there, then I thought 6386 will hold for cable, lost 5 pips there. But if I didn't use a SL, I would be -80 pips on EU right now and -70 on cable. And there is a big chance I would be 100 more pips in red tomorrow.

Like right now, 2935 seems to be holding...if I see it holding for 1-2 more hours, its a good long scalp with a very tight SL, maybe only 1-2 pips below 2935 and targetting 15-20 pips, so very good RR ratio.
Everyone can see the chart, but only a few can actually read it.
  • #921,753
  • Sep 4, 2014 5:30pm Sep 4, 2014 5:30pm
Quoting infinitus
{quote} turns to
decisions/decisions

  • #921,754
  • Sep 4, 2014 5:31pm Sep 4, 2014 5:31pm
" is more about watching PA"

here is a big big problem. What is pa. It s late for me. See you on profit next time.
  • #921,755
  • Sep 4, 2014 5:32pm Sep 4, 2014 5:32pm
if thats a flag on the h/4h being built. than 2688 may be a target.

that 4076 target talked about had a mid at 3084 (3/4 or 75%). if you 1/2 that distance, then subtract that from 3084. the current low is visible to the pip. or 7/8 of the way to the risk at 2753. 2753/4076 divided into eighths would be self explanatory. taking out that 2753 # will cancel 4076
those who can, do. those who cant, talk about those who can
  • #921,756
  • Sep 4, 2014 5:34pm Sep 4, 2014 5:34pm
Quoting barbones
" is more about watching PA" here is a big big problem. What is pa. It s late for me. See you on profit next time.
For me, PA is market reaction at different levels. If you watch the tick chart, you can see reaction on each level, for example if some big boys have an entry at a certain price, you will see it, you will see the spike caused by their buy/sell order. Those numbers are then good for SLs, it might not work out, but you only risk a few pips.
Everyone can see the chart, but only a few can actually read it.
  • #921,757
  • Sep 4, 2014 5:35pm Sep 4, 2014 5:35pm
Quoting kenfen69
{quote} All is well, Mr Markus. Hope the same for you, me auld flower. Catch up when summer surrenders its final offerings. Best, k
hows she hanging?
those who can, do. those who cant, talk about those who can
  • #921,758
  • Sep 4, 2014 5:35pm Sep 4, 2014 5:35pm
Quoting gatorinla
if thats a flag on the h/4h being built. than 2688 may be a target.
I'm scalping it all the way down to 1.25, once 1.2756 is broken, it will be a good SL for reversals.
Everyone can see the chart, but only a few can actually read it.
  • #921,759
  • Sep 4, 2014 5:37pm Sep 4, 2014 5:37pm
Quoting barbones
A lot of hope in this thread : I hope for new low, or new high, I hope for a good news, bad news, everybody hope for something. But, if you don't hope and take the reality like it is? If someone hope then he/she don t have a chance in this game. Are 2 ways: Fundamental and Technical. Both can go together and separate in the same time. Hope it not from this game. Hope will kill your account.
You are right. A lot of hope ................................. We, the ignorant people here on this thread, became traders hopping to make money. But now, since you have opened our eyes, we are hopeless.

Just hand me over that person who first mentioned never to hope and fear in trading and see how I make him wish he was never born. Nothing in this world is achieved without hope and fear, all one needs is to control these emotions. All the EAs have no feelings, but how many of these work?
The Thief of Wall Street
  • #921,760
  • Sep 4, 2014 5:44pm Sep 4, 2014 5:44pm
Quoting kenfen69
{quote} decisions/decisions
sweetheart, did you do good today?
those who can, do. those who cant, talk about those who can
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