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  • #973,821
  • Mar 25, 2015 4:47pm Mar 25, 2015 4:47pm
Quoting Zappa
And the shorts about to get crushed. I'll be laughing here shortly at the ones who totally dismiss this probability.
Often times, when we are quick to point out the fools in others, it is the precursor that we are going to swallow the same earlier lesson that was out from our own mouth.
Life only tastes good when you eat what you kill.
  • #973,822
  • Mar 25, 2015 4:51pm Mar 25, 2015 4:51pm
Quoting cherader
{quote} Often times, when we are quick to point out the fools in others, it is the precursor that we are going to swallow the same earlier lesson that was out from our own mouth.
That's true, but in this case I know my skills and I know BS when I see it at this point. It's fine to have a different opinion on market direction. I get annoyed, but ultimately laugh, at the traders on here who immediately respond to another's forecast with ridicule. THOSE are the one's I'm responding to, though my observation about vast majority of traders here stands, as I see it.
  • #973,823
  • Mar 25, 2015 4:55pm Mar 25, 2015 4:55pm
Quoting cherader
{quote} Often times, when we are quick to point out the fools in others, it is the precursor that we are going to swallow the same earlier lesson that was out from our own mouth.
And I'll say that if 1.0906 gets hit before 1.1305, then I will admit defeat. I am very confident in this trade, though.
  • #973,824
  • Mar 25, 2015 4:58pm Mar 25, 2015 4:58pm
Quoting Zappa
You know, what's funny about this thread is very few people know what the fuck they're doing, yet they all talk like they do. Then, to make it even funnier, most of these same clueless traders have tons of people following them! It is very strange. The blind leading the blind.
dictatorship of the proletariat. red flagged redneck thread, with a few, rare exceptions. will i be suspended, soon?
fortis fortuna adiuvat
  • #973,825
  • Mar 25, 2015 5:02pm Mar 25, 2015 5:02pm
Quoting deltaone
{quote} dictatorship of the proletariat. red flagged redneck thread, with a few, rare exceptions. will i be suspended, soon?
Haha..

Nice. I had to look up what that even meant!
  • #973,826
  • Mar 25, 2015 5:12pm Mar 25, 2015 5:12pm
Quoting Zappa
{quote} Haha.. Nice. I had to look up what that even meant!
in vino veritas but, wait - if you had to look this up... just kidding. sitting here with a nice merlot trentino...
fortis fortuna adiuvat
  • #973,827
  • Mar 25, 2015 5:14pm Mar 25, 2015 5:14pm
Hi Z you forgot a couple , anyway I've seen at all before at 1.4 ,
might not be this month but its coming soon ,

Quoting Zappa
Watch for a strong move to 1.1305 from here. Interesting chart. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #973,828
  • Mar 25, 2015 5:19pm Mar 25, 2015 5:19pm
Quoting Bones
Hi Z you forgot a couple , anyway I've seen at all before at 1.4 , might not be this month but its coming soon , {quote} {image}
hi bones,

do you have a chart for your view on dax and dow? just curious...
fortis fortuna adiuvat
  • #973,829
  • Mar 25, 2015 5:20pm Mar 25, 2015 5:20pm
I agree to an extent with Zappa on some of the trades and calls people make. But apart from trying to pick direction I am more amazed at traders who commit the following mistakes time and time again, such as:

* Trading at illiquid times where the spread is higher and you're stuck waiting for several hours until Europe or US opens up. It's been written countless times when the best time to trade whether you're a scalper or swing or position trader and yet I see these traders trying to trade illiquid times like right after US close or NZ/AU open which statistically have been chop city.

*Traders who for whatever reason miss the initial move in a major support/resistance zone chase moves hoping they will be validated. But what happens is they end up getting short or long right in the middle of a major support/resistance zone on a daily, 1h or 4hr chart only to see their position slowly move through blockades of orders causing choppiness and they end up losing faith and close out at a small profit or loss. Here is a perfect example.
Disclaimer: Now I know there are traders here who's goal is to just capture 10-15-20 ticks a day but I still don't get why not just find better entry spots.

I don't scalp anymore because I don't need to build my reserves but if i did I would pick optimal spots, not just go long or short right in the middle of a consolidation channel.

Even those who trade on 5m charts you still could pick better spots to enter short or long entries in EUR/USD I pointed out in my thread how the dollar faked a long 3 TIMES today only to come back down. If people just go long eur/usd as soon as the DXY failed with a tight stop loss you would better off than just entering in after the move has taken place and pray London bring a reversal or continuation.
Attached Image(s) (click to enlarge)
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  • #973,830
  • Mar 25, 2015 5:22pm Mar 25, 2015 5:22pm
Quoting Bones
Hi Z you forgot a couple , anyway I've seen at all before at 1.4 , might not be this month but its coming soon , {quote} {image}
Haha..I'll leave some for you to find!

I don't even use these lines for forecasting, but I do think they're interesting.
  • #973,831
  • Mar 25, 2015 5:25pm Mar 25, 2015 5:25pm
Hi D I have a large short ,but to be bearish this is level is a problem ,sideways before next move ,and I think a tl is close ,ill see how she opens tomorrow morn ,
But Dow really I do feel bearish w1 now
Quoting deltaone
{quote} hi bones, do you have a chart for your view on dax and dow? just curious...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 14 KB
Click to Enlarge Name: Germany 30 (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #973,832
  • Mar 25, 2015 5:26pm Mar 25, 2015 5:26pm
People can trade how they wan't and eventually they find the right style, but you will never be nearly as profitable if you continue to trade crappy time zones where there is little volatility or you try to go long/short in the middle of a congestion zone. If you miss a move and you want to still deal (or get bored you need to trade) go open up a poker account and deposit $25 and play $0.02-$0.05 for several hours it will essentially be the same thing with the fluctuations of being up/down a dollar or two .
  • #973,833
  • Mar 25, 2015 5:35pm Mar 25, 2015 5:35pm
the dow is printing a bearish candle off failing highs in my mind theres no way out for lower ,
Attached Image (click to enlarge)
Click to Enlarge Name: Wall Street (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #973,834
  • Mar 25, 2015 5:35pm Mar 25, 2015 5:35pm
Quoting Bones
Hi D I have a large short ,but to be bearish this is level is a problem ,sideways before next move ,and I think a tl is close ,ill see how she opens tomorrow morn , But Dow really I do feel bearish w1 now {quote} {image} {image}
thanks. agreed, tl is tested atm and critical - tomorrow will be interesting. but still bigger issues in play (draghi put) and german economy in goldilocks scenario. mean reversion of p/e + €qe... therefore, i´m still bullsih, although technically it´s ripe for a correction.

http://ee.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #973,835
  • Mar 25, 2015 5:36pm Mar 25, 2015 5:36pm
Quoting jplazard
People can trade how they wan't and eventually they find the right style, but you will never be nearly as profitable if you continue to trade crappy time zones where there is little volatility or you try to go long/short in the middle of a congestion zone. If you miss a move and you want to still deal (or get bored you need to trade) go open up a poker account and deposit $25 and play $0.02-$0.05 for several hours it will essentially be the same thing with the fluctuations of being up/down a dollar or two .
Your assuming everyone is looking for scalps. It all depends on the r/r.
  • #973,836
  • Mar 25, 2015 5:39pm Mar 25, 2015 5:39pm
Quoting deltaone
short @1,09718 sl -20 tp +60
as long as i´m half-decent, i´m setting sl to be.
fortis fortuna adiuvat
  • #973,837
  • Mar 25, 2015 5:40pm Mar 25, 2015 5:40pm
Hi Z I put lines on also but not really my style

Quoting Zappa
{quote} Haha..I'll leave some for you to find! I don't even use these lines for forecasting, but I do think they're interesting.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #973,838
  • Mar 25, 2015 5:46pm Mar 25, 2015 5:46pm
Quoting Bones
Hi Z I put lines on also but not really my style {quote}
Then why the hell are we even drawing them??
  • #973,839
  • Mar 25, 2015 5:49pm Mar 25, 2015 5:49pm
Quoting Zappa
{quote} Then why the hell are we even drawing them??
because it´s easy.

http://g.cdn.ecn.cl/publicidad/files...st-do-it-2.jpg
fortis fortuna adiuvat
  • #973,840
  • Mar 25, 2015 5:52pm Mar 25, 2015 5:52pm
Quoting deltaone
{quote} because its easy. {image}
Best answer yet. And boredom.
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