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EURUSD

  • #949,761
  • Jan 13, 2015 10:50am Jan 13, 2015 10:50am
Quoting Pharm0r
{quote} 1795 to the pip. Should have seen the brown coming. 1844 is a brown. Can't say I was wrong, but I can't say I was right. Accuracy and precision are completely different. I have more trouble with the latter....and well I'm bad at the former too. {image}
IMO, precision is a loser game in trading. Only small retail (with very limited exceptions) is obsessed with trading every level to the ultimate tick (pipette for some fx traders).

Scare capital always look to trade to the tick. They said to avoid "drawdown" or missing the exit (same apply too the those typical trying to catch a big fish with a "small boat" supposedly trading M1 and trying to swing a monthly move... )" ...

Smart money will trade areas (not HFT automatic algos) with confidence not in the potential success but in the potential cost of failure. Looking for exact entries and exit levels only show either lack of confidence on your trading plan, lack of capital or simple lack of knowledge of what are you doing...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #949,762
  • Jan 13, 2015 11:00am Jan 13, 2015 11:00am
Quoting sisse
{quote} IMO, precision is a loser game in trading. Only small retail (with very limited exceptions) is obsessed with trading every level to the ultimate tick (pipette for some fx traders). Scare capital always look to trade to the tick. They said to avoid "drawdown" or missing the exit (same apply too the those typical trying to catch a big fish with a "small boat" supposedly trading M1 and trying to swing a monthly move... )" ... Smart money will trade areas (not HFT automatic algos) with confidence not in the potential success but in the potential...
Sorry, I disagree. Precision is not a lack of something, it is just a different approach. Timing is everything in trading. Needless to say one cannot get everything to the pip. But I agree that more capital makes it easier of course, since stops can also be wider!
Fix up, trade sharp ...
  • #949,763
  • Jan 13, 2015 11:03am Jan 13, 2015 11:03am
Quoting sisse
{quote} IMO, precision is a loser game in trading. Only small retail (with very limited exceptions) is obsessed with trading every level to the ultimate tick (pipette for some fx traders). Scare capital always look to trade to the tick. They said to avoid "drawdown" or missing the exit (same apply too the those typical trying to catch a big fish with a "small boat" supposedly trading M1 and trying to swing a monthly move... )" ... Smart money will trade areas (not HFT automatic algos) with confidence not in the potential success but in the potential...
I really love reading your comments
  • #949,764
  • Jan 13, 2015 11:05am Jan 13, 2015 11:05am
Quoting thegmann
lets see if we can retest 1.18. Worth a shot. {image}
  • #949,765
  • Jan 13, 2015 11:11am Jan 13, 2015 11:11am
Quoting OnlineAddict
Short 1792, SL 1807.
Any Specific target boss?
  • #949,766
  • Edited 12:25pm Jan 13, 2015 11:19am | Edited 12:25pm
Quoting sisse
{quote} IMO, precision is a loser game in trading. Only small retail (with very limited exceptions) is obsessed with trading every level to the ultimate tick (pipette for some fx traders). Scare capital always look to trade to the tick. They said to avoid "drawdown" or missing the exit (same apply too the those typical trying to catch a big fish with a "small boat" supposedly trading M1 and trying to swing a monthly move... )" ... Smart money will trade areas (not HFT automatic algos) with confidence not in the potential success but in the potential...
I agree and disagree.

You'll notice I didn't trade that level.

I only have a partial road map, the two before me have a much more complete one. I never planned to take every turn, but that doesn't mean the turns cant be seen before hand, and when I see them correctly- that tells me I'm building the right map, and from there I can decide the correct course.

At the moment, I don't even have a vehicle to drive.

I appreciate your posts, and I respect what you have to say, both past and present....and you can be sure I've studied your past posts. You may not even recognize the sisse today compared to the sisse of 2010. Seems like 2010 was the golden age of FF

"Looking for exact entries and exit levels only show either lack of confidence on your trading plan, lack of capital or simple lack of knowledge of what are you doing..."

What about when they are consistently correct? gatorinla comes to mind
  • #949,767
  • Jan 13, 2015 11:22am Jan 13, 2015 11:22am
Quoting sisse
{quote} IMO, precision is a loser game in trading. Only small retail (with very limited exceptions) is obsessed with trading every level to the ultimate tick (pipette for some fx traders). Scare capital always look to trade to the tick. They said to avoid "drawdown" or missing the exit (same apply too the those typical trying to catch a big fish with a "small boat" supposedly trading M1 and trying to swing a monthly move... )" ... Smart money will trade areas (not HFT automatic algos) with confidence not in the potential success but in the potential...


Atention, you are making "friends" here
  • #949,768
  • Edited 11:36am Jan 13, 2015 11:26am | Edited 11:36am
Quoting pedro319
USDJPY Harmonic swing H1 and .707 Fib level, I am counting on move down if this top or even .786 remain, yellow lines are targets in line with analysis from last week. {image}
USDJPY
117.40 might become very important imo, completion of ABCD 1.27 Ext + .618 D1 + WS1.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4.png Size: 51 KB
We watch the charts from every angle so you don't have to!!
  • #949,769
  • Jan 13, 2015 11:29am Jan 13, 2015 11:29am
Quoting infinitus
{quote} Atention, you are making "friends" here
If some people will read this ... oh oh!
Fix up, trade sharp ...
  • #949,770
  • Jan 13, 2015 11:35am Jan 13, 2015 11:35am
Quoting infinitus
{quote} Atention, you are making "friends" here
he have plenty of them does he need more
  • #949,771
  • Jan 13, 2015 11:37am Jan 13, 2015 11:37am
to USDbear how u been bro hope all green and sexy
  • #949,772
  • Jan 13, 2015 11:49am Jan 13, 2015 11:49am
Quoting pedro319
EURUSD D1 2.618 Ext + MS2 H4 .447 + WR1 possible target, also re test MS1 from below. H1 ABCD wth .786 Ret targeting same area. 1.1930 to 1.1960. WPP will help monitoring situation. Once price reaches these levesl further assessment is necessary namely H4 candles and D1 retracement levels. {image} {image}
EURUSD
ABCD H1 failed after rejection WPP, when that happens usually price forms Bfly, so I am looking at 1.1730/40 to see reaction/ rejection or continuation b/o. This is just a short term pattern.
If you have comments, please do it before something else happens and not after.
Attached Image (click to enlarge)
Click to Enlarge Name: eurh1.png Size: 62 KB
We watch the charts from every angle so you don't have to!!
  • #949,773
  • Jan 13, 2015 11:57am Jan 13, 2015 11:57am
Quoting kill56
to USDbear how u been bro hope all green and sexy
howdy kill, nice to see you again!
All well but very quiet, been building longs on Chinese stocks as holding positions, bit of scalping on the DAX but nothing worth mentioning.
Don't be a hero. Don't have an ego. Always question yourself
  • #949,774
  • Jan 13, 2015 11:58am Jan 13, 2015 11:58am
Quoting pedro319
{quote} EURUSD ABCD H1 failed after rejection WPP, when that happens usually price forms Bfly, so I am looking at 1.1730/40 to see reaction/ rejection or continuation b/o. This is just a short term pattern. If you have comments, please do it before something else happens and not after. {image}
Since it has tried to surface above 1.18 twice without much luck, I think we are headed towards a lower low (1.1730) until the court decides what to do with QE ...... what say you ??
Everything you want lies on the other side of fear.
  • #949,775
  • Jan 13, 2015 12:00pm Jan 13, 2015 12:00pm
Quoting infinitus
{quote} Atention, you are making "friends" here
Why's that? He's perfectly correct.
Any serious trader/trading coach/trading book tells you, more or less insisting on it, to start with high timeframes, don't they? What more does the interested beginner need in order to verify sisse's statement?
The rest comes later, when the hours spent in front of charts goes into the thousands.
  • #949,776
  • Jan 13, 2015 12:06pm Jan 13, 2015 12:06pm
Quoting pedro319
{quote} If you have comments, please do it before something else happens and not after. {image}
Hindsight traders

btw 1.17223 is 1.272 extension and not 1.618 is it not? Otherwise good observation, and I'm also keeping a close eye on this.
I'm just a small fish in a large pond; forever swimming against the tide.
  • #949,777
  • Jan 13, 2015 12:06pm Jan 13, 2015 12:06pm
Quoting Neeraj_Raj
{quote} Since it has tried to surface above 1.18 twice without much luck, I think we are headed towards a lower low (1.1730) until the court decides what to do with QE ...... what say you ??
I am looking at technicals because on the fundamental side a lot more can be speculated, what if we have QE but below expectations or investors decide it's good time to buy European equities or ECJ like you say decide otherwise or it's all priced in... we could be here all day. Thanks for your input.
We watch the charts from every angle so you don't have to!!
  • #949,778
  • Jan 13, 2015 12:07pm Jan 13, 2015 12:07pm
Quoting TheNoob
{quote} the today grid will be bigger than monday... so Volatility is the word to add to this... the chess table is rdy, we parking at new PP 1829. {image}
great day...i hope you all shorted it at 2855... the D1 R has been hit...
Attached Image (click to enlarge)
Click to Enlarge Name: THE R needs very longer time to die dont buy this support.jpg Size: 261 KB
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #949,779
  • Jan 13, 2015 12:13pm Jan 13, 2015 12:13pm
Quoting PipTease
{quote} Hindsight traders btw 1.17223 is 1.272 extension and not 1.618 is it not? Otherwise good observation, and I'm also keeping a close eye on this.
This is extension AB from H1 like picture, there is space between that and the 1.732 Ext,if you are using ABC triangle different measurements apply. I like this method because price is constantly changing direction at the first relevant level. Thanks.
We watch the charts from every angle so you don't have to!!
  • #949,780
  • Jan 13, 2015 12:15pm Jan 13, 2015 12:15pm
Quoting liquidice
{quote} Any Specific target boss?
Lets see if it can break today's low...if not, I will close, unless my SL gets hit until then. Depends what asians want. If the low gets broken, I might wait for 1725-35.
Everyone can see the chart, but only a few can actually read it.
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