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  • #974,521
  • Mar 26, 2015 11:59pm Mar 26, 2015 11:59pm
Quoting Chicky
I need this confirmation to finalize the world's first ever true Holy Grail method. Whoever supplies the answer will get the system. But rest of you can also work it out from my this question: Does anyone know a week when eur/usd opened and closed at the same price (allow 2 to 5 pips for bid and ask price difference).
1st feb 2015
7th sept 2014
1st june 2014
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  • #974,522
  • Mar 27, 2015 12:05am Mar 27, 2015 12:05am
Quoting chicky
i need this confirmation to finalize the world's first ever true holy grail method. Whoever supplies the answer will get the system. But rest of you can also work it out from my this question: Does anyone know a week when eur/usd opened and closed at the same price (allow 2 to 5 pips for bid and ask price difference).
2011-01-30
2011-12-18
2014-09-07
2015-02-01
  • #974,523
  • Mar 27, 2015 12:06am Mar 27, 2015 12:06am
Quoting ptyforex
{quote} How do you justify a point as being "valid"? We all trade with some sort of bias, which of course (referring to bias) leads to revenge trading, or freezing funds which shouldn't normally be frozen. The sad reality about trading is that it is 100% subjective. In being subjective, we hold things to be true which in reality has 0 to do with why the price is moving. Everything we see boils down to "supply and demand", and since we can't SEE the "demand" and we don't know the "supply" of the market we tend to make up prices to justify hitting...
Hi, thanks for your thought.
I agree with what you say, we cannot be stuck on one direction only because market can change and we have to change ours too, or we can be wrong and thus we have to change our position.
What I meant by "valid reason" is: we are making decision (short, sell, sideline) based on best information available we have (Ok, "valid" maybe not the best word to describe it).
Of course we still have to be open with possibility of market changes (fundamental changes or sentiment changes).

Example: when Japan announce to expand QE, UJ is going up, from 110sh to 121sh for about 1-month.
Between 110sh and 121sh there were retracements and ranges.
when we enter Long at certain level, then retracement started, we would be in red for a while.
but we did not close it because we were targetting 120sh level, because base on best information available (technically, and fundamentally) we expect it to reach 120sh. Ceteris paribus of course.

Just my thought
  • #974,524
  • Mar 27, 2015 12:07am Mar 27, 2015 12:07am
well it dropped like I hoped still thinking it will drop to 1.075 however I'm stuck with the Saudi Arabia crap goin on I am lost in thought and can't execute
  • #974,525
  • Mar 27, 2015 12:12am Mar 27, 2015 12:12am
Quoting Chicky
I need this confirmation to finalize the world's first ever true Holy Grail method. Whoever supplies the answer will get the system. But rest of you can also work it out from my this question: Does anyone know a week when eur/usd opened and closed at the same price (allow 2 to 5 pips for bid and ask price difference).
2005-02-27
1996-04-28
1993-09-26
1993-05-02

2011-01-30 -> i've answered this in previous post.

well ? what is your judgement?
  • #974,526
  • Mar 27, 2015 12:28am Mar 27, 2015 12:28am
EJ C&H seems to be playing out. I'm hedged with EA bulls, struggling at 1.3960 resistance though
As the lights go by so too do the shadows move
  • #974,527
  • Mar 27, 2015 12:37am Mar 27, 2015 12:37am
Quoting Chicky
{quote} My Mom and Dad used a mental stop the day I was conceived.
Thanks for poor SL management at that specific time That is the reason we have you and your sense of humor.
  • #974,528
  • Mar 27, 2015 12:38am Mar 27, 2015 12:38am
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  • #974,529
  • Mar 27, 2015 1:02am Mar 27, 2015 1:02am
Quoting Kofmaster
I'm not sure whether its going to go down today, still have to depends on weekly close. The playground now is 1.085- 1.104 My guesses is today is going to go back up to around 1.1. 1.1 is great place to short.
what makes you say so?
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #974,530
  • Mar 27, 2015 1:21am Mar 27, 2015 1:21am
nice channel after asia session... yes u know what i am going to do
"I'm not answering stupid questions."
  • #974,531
  • Mar 27, 2015 1:26am Mar 27, 2015 1:26am
Sell limit at 1.1030
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  • #974,532
  • Mar 27, 2015 1:29am Mar 27, 2015 1:29am
Quoting egkid
{quote} advice close sell fast
if I listened to you and exited my shorts albeit them being under water at ~1.10, I would've been pissed off with myself...
since there was no reason to panic at all.... 10% drawdown is nothing for a swing/trend trader like me....
but I admit, the entry could've been better.... originally I placed my short eurusd at 1.0920, but eurusd was way to heavy to even get up there to trigger before FOMC. so 1.0820 was a better choice...
then FOMC threw a curve ball not only at me, but to everyone... soo if FOMC's curveball can only make me suffer a 10% drawdown flood? heck its more like 7% on the EURUSD short trade and 3% or so on the USDJPY long, then I suppose I have managed my trades well.
atleast I didn't blow up my account.
lots of people were full margin or whatever bull shit they call it. going full margin long or short for only 10 pips, 10 pips profit was already capable of helping them gain 40% return.... that is just F**king ridiculous... since EURUSD's daily average trading is around 60-80 pip on a quiet market and easily 120-150 pip average on a more active week day.....
even a quiet market can wipe those fool out of forex....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #974,533
  • Mar 27, 2015 1:35am Mar 27, 2015 1:35am
Quoting GlobalMacro
{quote} I hear ye ... spreading the risk is the way to go ... Myself am primarily an options trader , do spot trades on the side. I see you still got the contest TE on ... wasn't it running 'till the end of last year ? Who won in the end?
The contest died.... I should kill it. No decision there, I think the one thing that was proved by certain participants is that the martingale principal will kill an account faster than many other strats....
  • #974,534
  • Mar 27, 2015 1:38am Mar 27, 2015 1:38am
Quoting JimmyC
{quote} The contest died.... I should kill it. No decision there, I think the one thing that was proved by certain participants is that the martingale principal will kill an account faster than many other strats....
the idea that Martigale increases risk as the account increases in size or reduced in size... is a very very bad idea....

you can increase the traded size as the account grows without increasing the risk/drawdown a trade has to suffer....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #974,535
  • Mar 27, 2015 1:38am Mar 27, 2015 1:38am
Morning Tyrant.

Personally i don't think you have to explain yourself, you expressed a view, made clear the mm requirements and made your trade, it wins, it wins, if not you move to the next, so.. enough explaining you've done more than enough and you add value.

So... i'll put me nuts on the line... i shall be buying this for the next 2 hours, then selling back down... if i'm right so be it... if not, i shall still take my 2 lads to the football at the weekend, watch some porn, argue with the missus, and start again Monday.

Good luck all..

scouse.
All My Opinions, Are Just That, My Opinion!!!
  • #974,536
  • Mar 27, 2015 1:42am Mar 27, 2015 1:42am
Quoting Malchi
nice channel after asia session... yes u know what i am going to do
The H4 channel ?
  • #974,537
  • Mar 27, 2015 1:44am Mar 27, 2015 1:44am
Quoting deylon
{quote} what makes you say so?
A real move are subject to testing. Even if there is no testing, there is at least some sort of retracement, a rally for a bear or dips for bull.

In this case a real move is going to resume the long term bear trend, and to do that a full distribution for professional is required for resuming the trend. We have the first weakness appeared on top of 1.104.

Now we have a significant resistance at 1.085. Unless it break which I dont think it will be this week. If professional have yet to full reload their shorts, they will buy back their own position to keep the price float, and when it finish distributed it will tank.

The longer it takes to distribute, the harder it will tank.
Read the entire market, money is made on the main trend not the fluctuation
  • #974,538
  • Mar 27, 2015 1:51am Mar 27, 2015 1:51am
Look at 1.4

It took for almost a year distributing the stocks/shares whatever you called it on top of it. ranges from top to btm for 500 pips.

And look what happen after the btm line crack 1.3475 ? Crash 3k pips.
Attached Image (click to enlarge)
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Read the entire market, money is made on the main trend not the fluctuation
  • #974,539
  • Mar 27, 2015 1:53am Mar 27, 2015 1:53am
2nd example. 3weeks stayed on top, distributing ranges 250pips. See how the professional supporting 1.26?

It drop for 250 pips, however there is retracement and testing along the way.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 92 KB
Read the entire market, money is made on the main trend not the fluctuation
  • #974,540
  • Mar 27, 2015 1:54am Mar 27, 2015 1:54am
3rd example. professional supporting 1.27

Distributing 4-5 weeks ranges 250 pips. Drop 800 pips.
Attached Image (click to enlarge)
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Read the entire market, money is made on the main trend not the fluctuation
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