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  • #861
  • Dec 12, 2014 11:39am Dec 12, 2014 11:39am
Also I used to trade daily bars - on end of day.

For trend reversals I would look at price breaking the low (117.25) then small retrace (up to 38.2 fib) before pushing down with momentum.

We haven't had that yet which means the long term trend is still in tact. Think it is important to realise the overall picture.

If it is going to reverse then there has to be a reason for that.

Abe to win the nobel piece prize for his monetary policies anyone?
  • #862
  • Dec 12, 2014 11:41am Dec 12, 2014 11:41am
Quoting dbutton1990
{quote} Good to hear! This thread definitely keeps me grounded. It's a pleasure to be trading with all of you!
Oh yeah me as well.

Sometimes I think if I was doing it by myself I would go crazy.

To be fair I am probably not far off it.
  • #863
  • Dec 12, 2014 11:42am Dec 12, 2014 11:42am
Quoting Sunsilk
{quote} Oh yeah me as well. Sometimes I think if I was doing it by myself I would go crazy. To be fair I am probably not far off it.
lol I can relate!
Good luck and may the odds be ever in your favor!
  • #864
  • Dec 12, 2014 11:43am Dec 12, 2014 11:43am
Quoting benaiah
No worries yet guys! Bulls are alive and strong. I think the weird price action (and spikes) can cause panic from time to time. We need to focus on the bigger picture. Obviously opportunities both ways in this ranging environment. And one reason for 2 threads bulls/bears, is that it is easier to see where most traders are posting and what their bias is. We have several obviously experienced traders in this thread. If they all go to the bears thread, then we can all give up our longs, or follow them to the bears thread. Safe trading everyone!
Also, again (broken record time), I believe the regulars here DO appreciate how much easier it is to analyze the market when we are all focusing on the same thing. If we get constant posts back and forth, I'm long, I"m short, repeatedly, it is not only wearisome but distracting. So, I'm really glad to have everyone here, and a pleasure to trade with you all as well...
  • #865
  • Dec 12, 2014 11:43am Dec 12, 2014 11:43am
Once you get inside of your own head...and start questioning your decisions then your confidence....it creates a really bad concoction for trading. Could be catastrophic for your equity haha.
  • #866
  • Dec 12, 2014 11:44am Dec 12, 2014 11:44am
Would be nice to get back above 119 again. London is now closed so that may be a little hard due to liquidy issues
Good luck and may the odds be ever in your favor!
  • #867
  • Dec 12, 2014 11:44am Dec 12, 2014 11:44am
Quoting benaiah
{quote} Also, again (broken record time), I believe the regulars here DO appreciate how much easier it is to analyze the market when we are all focusing on the same thing. If we get constant posts back and forth, I'm long, I"m short, repeatedly, it is not only wearisome but distracting. So, I'm really glad to have everyone here, and a pleasure to trade with you all as well...

Two threads works well..keeps information organized and easily viewed.
  • #868
  • Dec 12, 2014 11:46am Dec 12, 2014 11:46am
Quoting Rizmeister
{quote} Two threads works well..keeps information organized and easily viewed.
  • #869
  • Dec 12, 2014 11:48am Dec 12, 2014 11:48am
Quoting benaiah
{quote} Also, again (broken record time), I believe the regulars here DO appreciate how much easier it is to analyze the market when we are all focusing on the same thing. If we get constant posts back and forth, I'm long, I"m short, repeatedly, it is not only wearisome but distracting. So, I'm really glad to have everyone here, and a pleasure to trade with you all as well...


You are right, so many opinions why to go long short etc.

That will batter your confidence if you don't know why you are doing so.

Then your right up the creek!
  • #870
  • Dec 12, 2014 11:51am Dec 12, 2014 11:51am
Quoting benaiah
{quote}
Have to say Ben, your profile picture looks a lot more approachable dude.

Looked like you were from the matrix with that old picture
  • #871
  • Dec 12, 2014 11:56am Dec 12, 2014 11:56am
Okay, I can't shut up now...

Ever since I started trading, I wanted to form a group, as I recognized the advantage of multiple sharp minds focusing together. But I just couldn't seem to find anyone who was a good fit. After a few tries, I gave up and figured it must just continue to be a solitary journey.

Then became active on FF, and got discouraged with all of the bickering and ego posting.

Fast-forward to now... And it looks like we might have the start of a really good group here. Thanks again for everyone's presence
  • #872
  • Dec 12, 2014 11:56am Dec 12, 2014 11:56am
Quoting Sunsilk
{quote} Have to say Ben, your profile picture looks a lot more approachable dude. Looked like you were from the matrix with that old picture
ha ha - I learn from you
  • #873
  • Dec 12, 2014 11:57am Dec 12, 2014 11:57am
Quoting benaiah
Okay, I can't shut up now... Ever since I started trading, I wanted to form a group, as I recognized the advantage of multiple sharp minds focusing together. But I just couldn't seem to find anyone who was a good fit. After a few tries, I gave up and figured it must just continue to be a solitary journey. Then became active on FF, and got discouraged with all of the bickering and ego posting. Fast-forward to now... And it looks like we might have the start of a really good group here. Thanks again for everyone's presence

  • #874
  • Dec 12, 2014 11:59am Dec 12, 2014 11:59am
Quoting benaiah
Okay, I can't shut up now... Ever since I started trading, I wanted to form a group, as I recognized the advantage of multiple sharp minds focusing together. But I just couldn't seem to find anyone who was a good fit. After a few tries, I gave up and figured it must just continue to be a solitary journey. Then became active on FF, and got discouraged with all of the bickering and ego posting. Fast-forward to now... And it looks like we might have the start of a really good group here. Thanks again for everyone's presence
Feel free to donate some of your winnings to boost our trading accounts for Xmas.

Same goes to you Riz
  • #875
  • Dec 12, 2014 12:00pm Dec 12, 2014 12:00pm
Quoting Rizmeister
{quote}
Okay Riz, talk to me. What does this mean? I'm trying to communicate better
  • #876
  • Dec 12, 2014 12:01pm Dec 12, 2014 12:01pm
Quoting benaiah
{quote} Okay Riz, talk to me. What does this mean? I'm trying to communicate better
I think it means that this thread is a B.A.M.F.
Good luck and may the odds be ever in your favor!
  • #877
  • Dec 12, 2014 12:03pm Dec 12, 2014 12:03pm
Means I am here for the long haul partner! You know how cowboys say partner or people down south with cowboy hats!.
  • #878
  • Dec 12, 2014 12:05pm Dec 12, 2014 12:05pm
IMO, ignoring upcoming news and events USD/JPY is bottoming. It bounced nicely off a key supp yesterday, and seems to have a gained a foothold.
  • #879
  • Dec 12, 2014 12:06pm Dec 12, 2014 12:06pm
Quoting Rizmeister
Means I am here for the long haul partner! You know how cowboys say partner or people down south with cowboy hats!.
  • #880
  • Dec 12, 2014 12:07pm Dec 12, 2014 12:07pm
Quoting benaiah
{quote}
Count me in Amigos
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