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  • #995,041
  • May 31, 2015 8:34am May 31, 2015 8:34am
Quoting Pharm0r
Wonder how the people that longed EU @ 1.39xx feel about that method.
Buying EURUSD at 1.39 in May 2014 just before the DOWN trend started would definitely be unfortunate. It is natural that a trade at the end of a trend will be closed in loss. However, trading cannot be based on one trade alone and if you take into account the long preceding UP trend that would have afforded many successful BUY trades, and the many successful SELL trades in the following DOWN trend ever since, any trader would be sitting on overall profits.
The trader IS the holy grail.
  • #995,042
  • May 31, 2015 8:36am May 31, 2015 8:36am
Quoting dan2boy
Ryder, i would like to ask.. who will bail them out this time??? What greece borrowed they hav to pay back. The most possible outcome is the creditors will oni give them more time..
Lol !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

https://www.rothschild.com/gfa/our_clients/governments/
Back from the dead * ding fries are done *
  • #995,043
  • May 31, 2015 8:40am May 31, 2015 8:40am
Quoting ryder950
{quote} Lol !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! https://www.rothschild.com/gfa/our_clients/governments/


I'm only joking. You right... no one will bail them out.

Greece will attack Italy with rocks and spears.

lol
Back from the dead * ding fries are done *
  • #995,044
  • May 31, 2015 8:41am May 31, 2015 8:41am
Quoting kuroro001
{quote} Was about to mention it, if you don't know to give up quickly your bad positions its almost the end Adding to loser is a disaster without stops, but if it works on the long run for people i'd be curious to see it
This is exactly my point. If drawdown from open positions starts threatening the account, it is obvious that it is over leveraged.
The trader IS the holy grail.
  • #995,045
  • Edited 8:55am May 31, 2015 8:43am | Edited 8:55am
Quoting taru
{quote} Buying EURUSD at 1.39 in May 2014 just before the DOWN trend started would definitely be unfortunate. It is natural that a trade at the end of a trend will be closed in loss. However, trading cannot be based on one trade alone and if you take into account the long preceding UP trend that would have afforded many successful BUY trades, and the many successful SELL trades in the following DOWN trend ever since, any trader would be sitting on overall profits.
forget it taru, this is the way how some "high impact members" like Ken or Pharm destroy any discussion here ... over and over again. Some investigate even in threads where they are not related to at all when they feel they don't like the question. I could name examples for this. So stop fighting the "high impacts" for posting 100000 lols here and just go your way. nothing to do, nothing can be done. hiding, invisible, there must be something what they fear. there are a lot of constructive people here though.

best, v.
  • #995,046
  • May 31, 2015 8:43am May 31, 2015 8:43am
Is there " bankruptcy jail " for countries !!!!

Back from the dead * ding fries are done *
  • #995,047
  • May 31, 2015 8:47am May 31, 2015 8:47am
Quoting ryder950
Is there " bankruptcy jail " for countries !!!!
One simple word: "embargo"
Focus only on what truly matters!
  • #995,048
  • May 31, 2015 8:48am May 31, 2015 8:48am
I expect EUR will fall sharply tomorrow.

-----------------------------------------------------------------------------------

Greece continues talks on aid, deal unlikely on Sunday-sources

* Greek govt had hoped for deal by Sunday

* Major issues holding up deal still unresolved-source
http://www.reuters.com/article/2015/...0YM0CP20150531
  • #995,049
  • May 31, 2015 8:54am May 31, 2015 8:54am
Quoting verified
{quote} forget it taru, this is the way how some "high impact members" like Ken or Pharm destroy any discussion here ... over and over again. Some investigate even in threads where they are not related to at all when they feel they don't like the question. I could name examples for this. So just stop to fight the "high impacts" for posting 100000 lols here and just go your way. nothing to do, nothing can be done. hiding, invisible, there must be something what they fear. there are a lot of constructive people here though. best, v.
Thanks but after years of training as a radiologist, I'm used to my opinion being challenged and having to find a way to convince people with valid arguments. No sweat here but thanks for your concern.
The trader IS the holy grail.
  • #995,050
  • May 31, 2015 8:56am May 31, 2015 8:56am
Quoting taru
{quote} Actually that is what I used to think too till I came to know better. Your statement is nothing more than the regurgitated hearsay one commonly comes across on public threads.
Taru, I think what you write can have some merit. But would you mind sharing how long have you practiced this method and what is your profit percentage and max drawdown? 300 pips profit doesn't sound like a helluva lot if you trade weeklies.
The price will go where it has to go.
  • #995,051
  • May 31, 2015 8:59am May 31, 2015 8:59am
Quoting TraderRaven7
{quote} Is that an agreement or disagreement with my statement..I cannot tell.
Check my past posts and you will know. You have been here long enough to know the difference between a live and demo trade explorer.
The price will go where it has to go.
  • #995,052
  • May 31, 2015 9:01am May 31, 2015 9:01am
Quoting taru
{quote} Thanks but after years of training as a radiologist, I'm used to my opinion being challenged and having to find a way to convince people with valid arguments. No sweat here but thanks for your concern.
i wish you can do, i gave up already because of the resulting discussions - premature at least. why do i need to discuss with people on a forum i even would not talk in real life more than 5 words and 2 of them are thank you ? nothing for me anymore.
  • #995,053
  • May 31, 2015 9:06am May 31, 2015 9:06am
Actually is not hard for this to resolve.. greece just hav to meet ECB requirements to restructure their pension and labour systems... its a matter of trust here.. i strongly thinks greece is in no place for a bargain here.. they hav to work out a plan for reforms which will not take one or two days to successfully work it out.. i guess this time ecb n imf will hold these terms firmly. But even a small reforms would already bring greece a deal.. hence lets wait n see the results.. really no point for greece to continue talking to ecb officials.. what they hav to do is to draft out a plan to persuade their creditors.
  • #995,054
  • Edited 9:31am May 31, 2015 9:11am | Edited 9:31am
Quoting verified
{quote} forget it taru, this is the way how some "high impact members" like Ken or Pharm destroy any discussion here ... over and over again. Some investigate even in threads where they are not related to at all when they feel they don't like the question. I could name examples for this. So stop fighting the "high impacts" for posting 100000 lols here and just go your way. nothing to do, nothing can be done. hiding, invisible, there must be something what they fear. there are a lot of constructive people here though. best, v.
Pretty much. We ask the hard questions.

Perhaps we are just a bit harder to convince than most. A random person on the internet claiming to have learned from a professional trader just isn't enough for me. Perhaps it is for you, and if so- by all means.

taru won't catch a ban from me, in fact only one member ever has and that had nothing to do with trading, just posting porn pics.....many more have been banned from just the questions I, or Ken, or fxt, or gator, or many others ask. There's a pattern to these people fishing for newbies....and it almost always begins with "i learned from a professional trader".

I'll be the first to say- High impact means nothing concerning trading. Some are good traders, some are scam artists, some have just been here longer, and still some are just funny. Think of the traders here you look up to, if any....have they ever claimed to learn from anyone? or have they ever asked for a follower? My mentors are ken, hatch, gator, doom, scott and a few others...many more in which i respect...in no certain order...none have ever asked for a follower, or made a claim to learning from a professional trader....

In fact the only high impact one I know of that actively looks for followers is fxtyrant....he catches the most heat in the forums...and he hasnt cracked, he answers the hard questions, and defends his style. Successfully at that. Are we supposed to just accept every average joe's opinion posted without a challenge? Opinions are like assholes, everyone has one- and they all stink. If you can't defend your trading, and answer the hard questions, then why the hell are you here telling others how to trade?
  • #995,055
  • May 31, 2015 9:15am May 31, 2015 9:15am
Quoting mitrapips
{quote} Taru, I think what you write can have some merit. But would you mind sharing how long have you practiced this method and what is your profit percentage and max drawdown? 300 pips profit doesn't sound like a helluva lot if you trade weeklies.
I think I have let a misconception develop here in that I follow the weekly trend over months for thousands of pips, something a position trader ought to do. Someday I hope I'll be able to do that but that's not what I do and that's not what I meant. I'm a medium term trader trading off SR levels on 4H. What I meant was that no matter how one trades, whether off SR on 4H targeting 200 pips or scalping on 15M targeting 10 pips, the safest way is to align with the weekly trend. Lets say the weekly trend is DOWN, I'd ignore all the BUY signals and will wait for SELL signals to appear. Hope I've made my position clear.
The trader IS the holy grail.
  • #995,056
  • May 31, 2015 9:29am May 31, 2015 9:29am
Quoting Pharm0r
{quote} Pretty much. We ask the hard questions. Perhaps we are just a bit harder to convince than most. A random person on the internet claiming to have learned from a professional trader just isn't enough for me. Perhaps it is for you, and if so- by all means. taru won't catch a ban from me, in fact only one member ever has.....many more have been banned from just the questions I, or Ken, or fxt, or gator, or many others ask. There's a pattern to these people fishing for newbies....and it almost always begins with "i learned from a professional...
Hi Pharm I did read your feedback briefly and I think I expressed already where my interests are. In the US and in many countries of this planet posting is free and people should appreciate that. You may have recognized that there are a lot of highly specialized individuals in your social environment, regardless if you can see them or not. To quote one of the really trustworthy persons: Those who can do, do ... often discussions held here are simply rediculous. If I would be a Pro I would contribute to establish a minimum professional standard, something so many claim to be and something you cannot find very often.

I did not want to talk about this, not again, but I wanted to reply. I'm out of this now.

Best, V.
  • #995,057
  • May 31, 2015 9:35am May 31, 2015 9:35am
Quoting Ken A
{image}
  • #995,058
  • May 31, 2015 9:38am May 31, 2015 9:38am
I am newbie in Forex, not have knowledge about fundamental nor technical pattern of it.
Here is the things make me confused, US start QE, the lower value of dollar stimulate the economic take few years to 'recover', the Wallstreet stock reach their highest in history, all the assert keep higher in value. Since US end QE last year, and the economic data keep improve gradually, fed start talking about hike rate in this year as soon they can. But there will be a problem that will drag down their economic right? All the bond, assert, property and stock withdrawn out due to higher interest, consequently the bubble create so many years will be popped. Understood they can't keep low in interest for so long time, but they can't hike rate while others were in debt crisis unsolved yet right? Because this action will plump down the whole world economic even the dollar value is appreciated.

Probably my understanding is wrong or my study is far more stupid to all experience trader here, please explain to me if you would like to correct my understanding of this whole view.

Thank you.
  • #995,059
  • May 31, 2015 9:43am May 31, 2015 9:43am
Quoting taru
{quote} I think I have let a misconception develop here in that I follow the weekly trend over months for thousands of pips, something a position trader ought to do. Someday I hope I'll be able to do that but that's not what I do and that's not what I meant. I'm a medium term trader trading off SR levels on 4H. What I meant was that no matter how one trades, whether off SR on 4H targeting 200 pips or scalping on 15M targeting 10 pips, the safest way is to align with the weekly trend. Lets say the weekly trend is DOWN, I'd ignore all the BUY signals...
I see. I hope you won't mind me asking a few questions here. I see a distinct problem when you try to trade very low time frames by aligning with very high time frames. IF you trade M15 with Weekly in mind then at best you are losing half the good trades and at worst you are unnecessarily taking on a very large drawdown. There is very little correlation with M15 and W for any pair. For example what do you do when you sell on M15 seeing a downward Weekly trend. What happens if the pair tries to make a double top on M15 (but then breaks out), then on H1, H4, daily etc. Would you still keep holding because the weekly signal is on? When will you give up. That is looking at a maybe 300 pips drawdown. And can you confirm here that the professional trader who you saw would actually trade on M15 and keep adding to drawdowns just because the weekly trend is intact?

However, if you are a position trader then what you say makes sense. But the problem is that to be a position trader you need to have a 100 K minimum account size to have any real edge and most on forex factory don't have that (in real money, that is)
The price will go where it has to go.
  • #995,060
  • May 31, 2015 9:57am May 31, 2015 9:57am
Quoting Ken A
{quote} Nonsense - everyone in here is a billionaire real money issued by BoH {image}
And Salma Hayek made me scrambled eggs and hash browns for breakfast.
The price will go where it has to go.
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