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  • #981,001
  • Apr 14, 2015 3:57pm Apr 14, 2015 3:57pm
Quoting ill_be_back
{quote} What you have for GJ I have this going to 177.488 & on the downside 175.420, Which one 1st ? I am thinking like 177,488 1st
It's in the mid of nowhere on daily chart to buy - probably wait to short from higher
  • #981,002
  • Apr 14, 2015 4:00pm Apr 14, 2015 4:00pm
Quoting Ken A
{quote} It's in the mid of nowhere on daily chart to buy - probably wait to short from higher
Have a small pending BUY at 176.120, Lets see what happens
A good trader follows his rules, but great trader knows when to break them
  • #981,003
  • Apr 14, 2015 4:28pm Apr 14, 2015 4:28pm
As anticipated this morning (Paris time), the Tower bottoms (with hammer look) has had his effect.
150 pips easy trade to do based on H4 analysis. Bottom was defined by both the hammers, high defined by Kijun Sen.
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  • #981,004
  • Apr 14, 2015 4:34pm Apr 14, 2015 4:34pm
Quoting TTFXHammer
It's obvious how your patterns are working out for you, on a demo account no less. If you're happy with it, then keep on keeping on. Good luck out there, you're going to need it
Seriously, I don't believe in any trading myth or pattern or any technical for that matter. For me, it is all random. There are so many factors affecting currency prices that you never know when which one will come into play and to what extent. Just check few of my previous posts and you may also like to re-read the post that you referred to. Did you notice the word "Foolish" in it? Anyways, charts are composed of patterns and these patterns show market/price behavior, other option is to remain glued to the screen to feel the market on a tick chart.


The most important chart is the tick chart, it shows you the pulse of the market. All major players check tick charts at all critical times, ........................ at least the basketball players.
The Thief of Wall Street
  • #981,005
  • Apr 14, 2015 5:23pm Apr 14, 2015 5:23pm
check...check...mic #1...isn't this a lot of fun.
  • #981,006
  • Apr 14, 2015 5:24pm Apr 14, 2015 5:24pm
Quoting kenfen69
check...check...mic #1...isn't this a lot of fun.
^^Ignore that^^

VPS/RDP issues.
  • #981,007
  • Apr 14, 2015 5:35pm Apr 14, 2015 5:35pm
IMO, we had a key reversal up leg on the previous day.... Waiting to go long @ 1.0634 with a stop loss @ 1.0605 and target profit (Range profit) x 2 @ 1.0695... And leaving a small percentage behind in case price do move out of range and possibly make a second leg up.
  • #981,008
  • Apr 14, 2015 5:37pm Apr 14, 2015 5:37pm
Quoting kenfen69
check...check...mic #1...isn't this a lot of fun.
not fun when you move the whole thing to a "useless" thread ppl are watchin ya !
Get Rich or Die Tryin
  • #981,009
  • Apr 14, 2015 5:51pm Apr 14, 2015 5:51pm
Quoting hoom
{quote} not fun when you move the whole thing to a "useless" thread ppl are watchin ya !
Jaysus Johnny...I mean, hoom...I didn't recognize you there!

Sorry for weird randomness. Overseas tech teething problems. My sister (for supervision) and young nephew (for know-how) are crashing in my place tonight back home, though. Full reboot was required...but should be good from now on.

Sorry sorry. Nice shot, btw...who did your stills, you handsome devil?
  • #981,010
  • Apr 14, 2015 6:01pm Apr 14, 2015 6:01pm
Quoting TTFXHammer
It's obvious how your patterns are working out for you, on a demo account no less. If you're happy with it, then keep on keeping on. Good luck out there, you're going to need it
TTFXHammer. About 99% of your post have been rather "stand-offish" in which you bash the way people trade. Why don't you post your trades, or maybe even link an account so we can see how good you are. oH WAIT... You are afraid of being "hacked" which is why you have not shared your "myfxbook link". If you believe that "long term" trumps lower tf patterns, then you may need to read through babypips once again.
Think backwards.
  • #981,011
  • Apr 14, 2015 6:10pm Apr 14, 2015 6:10pm
Quoting kenfen69
{quote} Jaysus Johnny...I mean, hoom...I didn't recognize you there! Sorry for weird randomness. Overseas tech teething problems. My sister (for supervision) and young nephew (for know-how) are crashing in my place tonight back home, though. Full reboot was required...but should be good from now on. Sorry sorry. Nice shot, btw...who did your stills, you handsome devil?
aha , take care ... best shot everrrr , should stick it around for a while
Get Rich or Die Tryin
  • #981,012
  • Apr 14, 2015 6:13pm Apr 14, 2015 6:13pm
Quoting hoom
{quote} not fun when you move the whole thing to a "useless" thread ppl are watchin ya !
Please dear God not the whole thing!
  • #981,013
  • Apr 14, 2015 6:19pm Apr 14, 2015 6:19pm
Quoting Pharm0r
{quote} Please dear God not the whole thing!
oh! my mistake devilish souls go away ...
Get Rich or Die Tryin
  • #981,014
  • Apr 14, 2015 6:22pm Apr 14, 2015 6:22pm
IMO

The 4 hour looks broken....

We may see another bounce up tomorrow sometime. 1.075 ish

Before we go lower to the 1.04 area..

Back from the dead * ding fries are done *
  • #981,015
  • Apr 14, 2015 6:23pm Apr 14, 2015 6:23pm
I've covered my trade on E/U quite extensively. I'm not bashing how anyone trades, rather trying to impart some wisdom...(I'm fairly blunt, if you can't tell). If you enjoy getting 5 pips here and 7 pips there, then so be it. Most people can't trade that well and risk 50 to make 5. And one bad trade will wipe out their account. I prefer to trade the way that the institutions do, ( I was taught by a former institutional trader ), and follow the structure that they build...which isn't on 5 minute charts. I've been trading professionally for 6 years and don't need to make my link public. Too much harassment comes with that. I only keep one to journal my own trades, not to brag about how much I make. I also don't like being bothered by the messages...I do just fine with my own account and it's plenty big enough for me. There are many different ways to skin a cat...but why not skin it how the money intends it to be done?
Don't trade the noise
  • #981,016
  • Apr 14, 2015 6:27pm Apr 14, 2015 6:27pm
Quoting TTFXHammer
I've covered my trade on E/U quite extensively. I'm not bashing how anyone trades, rather trying to impart some wisdom...(I'm fairly blunt, if you can't tell). If you enjoy getting 5 pips here and 7 pips there, then so be it. Most people can't trade that well and risk 50 to make 5. And one bad trade will wipe out their account. I prefer to trade the way that the institutions do, ( I was taught by a former institutional trader ), and follow the structure that they build...which isn't on 5 minute charts. I've been trading professionally for 6 years...

Thats nice! Where are we going tomorrow?
Back from the dead * ding fries are done *
  • #981,017
  • Edited 6:48pm Apr 14, 2015 6:33pm | Edited 6:48pm
As far as my current E/U sentiment, I've got 8 lots on with an average of 1.0827. I'll add one more on the break of 1.0639 and hold until 1.0450 ish. Stop is just above a key area the MM's came within a few pips of today. They had to get to that area for a very specific reason if this bear trend is going to continue. It's hard to watch a pullback go against you, but when you understand how the market makers operate, you understand why they do such things and pullbacks actually become your friends as they give you more opportunities to add. Anyways, they did, and if they break through it then that means that they're done with downtrend in the near term and I'm out for only 100 pips on total position. However, if all goes as planned, I'll pick out 400 or so. Draghi will most likely be the deciding factor in the morning.
Don't trade the noise
  • #981,018
  • Apr 14, 2015 6:53pm Apr 14, 2015 6:53pm
Quoting TTFXHammer
As far as my current E/U sentiment, I've got 8 lots on with an average of 1.0827. I'll add one more on the break of 1.0639 and hold until 1.0450 ish. Stop is just above a key area the MM's came within a few pips of today. They had to get to that area for a very specific reason if this bear trend is going to continue. It's hard to watch a pullback go against you, but when you understand how the market makers operate, you understand why they do such things and pullbacks actually become your friends as they give you more opportunities to add. Anyways,...
Yes many people"claim" to know how the MM's work, but their trades don't reveal that. You mention that the MM's and Banks trade for hundreds of pips, but would you please be as kind enough to provide proof of that? They simply give prices as many of the people do here, but nothing is ever made public which reveals that they actually have taken the position... Much like what you are claiming.
If you believe that 5m trading is useless then so be it, but when the first tick of the market printed, their was no "high tf" to make a determination of where the market would go. The lower tf's, and engulfs which occur there are the confirmations of the bullish and bearish candles you see on the higher tf. If a person can take the time to post their every thoughts on a forum like this one, then they should be able to watch a chart, and see the engulfing patterns which causes the formations you see on your higher tf.
You are right about trades aiming for 5 pips, and end up giving up 50 pips to margin call the account, but swing traders use stop loss, and then end up pulling them, which put them in a hole of 15-20% which could very well be 400-500 pips. The fact is lack of discipline and bias cause those trades to happen, but because a person aims for 5 pips, or trail stops once he/she is at 5 pip profit doesn't mean he/she doesn't know what they are doing. At least the person is smart enough to protect the profit they have earned, and not be greedy and turn green into red.

P.s. Not to mention your waiting for high impact news to either "trail stop your profit" (which I personally don't believe you don't have) or have the high impact news hit your TP. If that isn't a casino form of trading, then I don't know what is.
Think backwards.
  • #981,019
  • Apr 14, 2015 6:55pm Apr 14, 2015 6:55pm
very nice!

Where are we going tomorrow? UP or Down ?

Back from the dead * ding fries are done *
  • #981,020
  • Apr 14, 2015 6:56pm Apr 14, 2015 6:56pm
Quoting ryder950
very nice! Where are we going tomorrow? UP or Down ?
Your question is like asking a blind man for directions. The reality is no one knows, and they only scream "I TOLD YOU SO", or say nothing after the smoke clears. Only those who trade the lower tf respect price action, and know when the bail or jump on the money train. Everything else is just a mere coin toss.
Think backwards.
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