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  • #1,027,581
  • Sep 22, 2015 1:00pm Sep 22, 2015 1:00pm
Quoting gatorinla
{quote} the ej low is 133.35... possible little correction 133.30...atm level 133.38
i tried to get a pending long at 133.315, it missed spread wise. i have cancelled the pending long.. i dont know if it will bounce.. if it does i will began to look for weakness for a ej short.. 134.10 if possible.. if that happens, eu 1187 seems reasonable. if 1143 allows.. 1208/09 is probably the stronger R .. i will not long to these.. just short if it looks weak when there or whenever it looks weak..
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those who can, do. those who cant, talk about those who can
  • #1,027,582
  • Sep 22, 2015 1:01pm Sep 22, 2015 1:01pm
Quoting Amg63
{quote} I was but i put the long in too soon (mis judged it) so now the way i am seeing it after april,jun and jul all bounced off 133.341 on my chart so i moved my SL down to 133.000 for some room ? your comments welcome
It's a right place to long with calculated stop. But from PA, there's no sign of bounce (buyer) - personally waiting for Tokyo session to decide to close the short or let it run.
  • #1,027,583
  • Sep 22, 2015 1:05pm Sep 22, 2015 1:05pm
Quoting Amg63
{quote} I was but i put the long in too soon (mis judged it) so now the way i am seeing it after april,jun and jul all bounced off 133.341 on my chart so i moved my SL down to 133.000 for some room ? your comments welcome
My 2 cents here .

One rule I NEVER break is never move your stop loss away from price .

If your reason for entering was wrong its wrong . End of trade .

Good luck
Peace
  • #1,027,584
  • Sep 22, 2015 1:05pm Sep 22, 2015 1:05pm
Quoting Amg63
{quote} Gator, do you think this EJ drop is about at the bottom? i longed from 133.5xx with SL at 133.0xx that just about equals some daily lows going back to April
shooting for 1200 pips lower from 137.xx ... its moved 1/3 of that. so i dont think its finished bottoming. search last weeks post ..
those who can, do. those who cant, talk about those who can
  • #1,027,585
  • Sep 22, 2015 1:09pm Sep 22, 2015 1:09pm
Quoting Ken A
{quote} It's a right place to long with calculated stop. But from PA, there's no sign of bounce (buyer) - personally waiting for Tokyo session to decide to close the short or let it run.
Thank You for the info
  • #1,027,586
  • Sep 22, 2015 1:10pm Sep 22, 2015 1:10pm
Quoting gatorinla
{quote} shooting for 1200 pips lower from 137.xx ... its moved 1/3 of that. so i dont think its finished bottoming. search last weeks post ..
thanks for the reply
  • #1,027,587
  • Sep 22, 2015 1:16pm Sep 22, 2015 1:16pm
Quoting gatorinla
{quote} all yellen did was, not raise because of the world economy, it wasn't because of u.s., she gave the warning the world economy. mainly china wasn't in good health. if china is sick, all those exporting to china will be sick or worse. that includes commodity based currencies and exporters to china like Germany. the u.s. will be less affected, because the u.s. imports much more from china. than it exports to them comparable to Germany. the u.s. can easy absorb any down trend in china comparable. the choice not to cut is not a sign of weakness....
If participation rate fall on 1950s level(when USA woman not was hugely in labor force) you can see 0% unemployment rate. That mean nothing, even Yellen spoke about that on conference. Also, quality of newly created jobs are terrible, mostly low wages service like bartenders. That is why USA economy during Obama are always worst than prediction beginning of every year. True, USA is not Germany which use same logic for lower unemployment, lower wage jobs, but they live of exporting and they are predators which South/East Europe feel every day. USA is not that kind of economy.
Second is huge debt and China looking like innocent girl compared with USA with nearly 5 times lower population than China.
http://oi59.tinypic.com/nwhs77.jpg


China economy may be slowing but fall of huge bubble on chinese stock market is good thing for China. They even now in plus for 2015 on stocks, USA are on zero, or even today negative.
Oil will fall and stayed in $20s when USA production not fall because oil fall to $50s, sorry, cheap oil to produce are further and further away, USA, Canada, prove that.. You remember when you speak in january about rise of US oil production and said wait june 2015, i was wright you wrong.
And don't watch too many CNBC is not good for trading and health.
  • #1,027,588
  • Sep 22, 2015 1:20pm Sep 22, 2015 1:20pm
Quoting build11
{quote} My 2 cents here . One rule I NEVER break is never move your stop loss away from price . If your reason for entering was wrong its wrong . End of trade . Good luck
Dont want to break the party here but:

Stop losses are arbitrary. if youre risking 20 pips, you may as well need to move it to 30 depending on the volatility of the time. If you have a system you know that your trading from a particular "ranged" level. So moving stop losses is a must. The important thing is to know the +- limits of your orders. Then there is also spread, which varies too.

The measurement of your trade needs to account for error. No measurement means anything, in any walk of life, without defining the error.
  • #1,027,589
  • Sep 22, 2015 1:27pm Sep 22, 2015 1:27pm
Quoting JustAndy
{quote} I respect you since you are one of a few people that really seem to know WTF they are talking about Gator...but some things just don't add up to me; Since when does the Fed cares about the world economy? They let a bunch of wall street asshole ruin the US economy before and not one person did the time. The unemployment numbers might be strong, but most of those new openings are low scale pay jobs that have no influence on the economy. The only way oil will ever go back to $20 is only if in 3-8 years, due to the embargo lift, Iran will get...
if your listening to some idiot like myself on the net, or your brother in law, or some idiot commentators talking off a sofa. your not getting the real facts. change the channel. you have the same opportunity to get the real facts government figures as the idiots who distort them with bias. its a new economy. when apple is a almost trillion dollar company, u cant compare its workers comparable to mc donalds or even a highly skilled worker. whats the productivity of a Boeing employee to an apple employee, its not in the same universe. you me and none of the figureheads know how the surplus of oil workers and equipment. will make or not make oil production cheaper with technology. that's up to supply verses demand. u.s. oil companies made billions at 23$ pb 14 years ago.. the thing that gave oil the 147 handle was the rape of the usd and war. printing has stopped, war is limbo atm.. oil companies with a larger pool of oil workers to pull from, lower wages. a guy who needs a job will work for less money. less wages makes cheaper priced oil more viable. a reset worldwide.
those who can, do. those who cant, talk about those who can
  • #1,027,590
  • Sep 22, 2015 1:30pm Sep 22, 2015 1:30pm
Quoting filostro
{quote} I consider 123,6%, tht is 100% of AB, since the retracement was 23,6%. This is also the lowest low of 4/5 Sept. A cluster.
No that's not the point. With Fib expansion you include that retrace already, because AB = CD is measured already considering that retrace. By definition we are talking of an additional 27% after the 100%. It has nothing to do with the 23.6. Some sources call it alternative ab=cd. See image below.

So for our H1 and H4 charts these are the values of each bearish AB =CD patterns:

AB=CD 100 is: 1.1138
AB=CD 127 is: 1.1086
AB=CD 161.8 is: 1.1019

Happy Trades
Attached Image
Focus only on what truly matters!
  • #1,027,591
  • Sep 22, 2015 1:39pm Sep 22, 2015 1:39pm
Quoting goldfish3
{quote} Dont want to break the party here but: Stop losses are arbitrary. if youre risking 20 pips, you may as well need to move it to 30 depending on the volatility of the time. If you have a system you know that your trading from a particular "ranged" level. So moving stop losses is a must. The important thing is to know the +- limits of your orders. Then there is also spread, which varies too. The measurement of your trade needs to account for error. No measurement means anything, in any walk of life, without defining the error.
I struggle with SL placement quite often. As i am a part timer and 1yr demo first,now 1 yr live i am tying to learn as much as i can on the go sort to speak. i am using a small lot size so i can afford to screw it up and live to trade another day. i do appreciate all the feed back just same. so far i am ahead of the game, Thanks
  • #1,027,592
  • Sep 22, 2015 1:44pm Sep 22, 2015 1:44pm
Quoting Nexon
{quote} i was wright you wrong. And don't watch too many CNBC is not good for trading and health.
ok ok.. 6 years later... and most things are pretty close.. gold nut kicked from all time highs.. oil in the shitter.. commodity currencies in the shitter .. china in the shitter.. silver in the shitter. copper in the shitter. eu pressing on parity, from 1.6, almost 60% lower.. give it time.. i didnt say it was going to happen on a 5 min chart before the eu dissolved.
btw, what was you wright about and myself wrong. please quote the post so i will know.
sometimes i am wright, sometimes wrong.
if i am right or wrong i will admit it.. but dont put it on a 5 minute chart. i have longer time frames.
those who can, do. those who cant, talk about those who can
  • #1,027,593
  • Sep 22, 2015 1:46pm Sep 22, 2015 1:46pm
Moved SL of my buy trade which I manually opened at 1.1115 to BE

Happy Trades
Focus only on what truly matters!
  • #1,027,594
  • Sep 22, 2015 1:48pm Sep 22, 2015 1:48pm
Quoting gatorinla
{quote} ok ok.. 6 years later... and most things are pretty close.. gold nut kicked from all time highs.. oil in the shitter.. commodity currencies in the shitter .. china in the shitter.. silver in the shitter. copper in the shitter. eu pressing on parity, from 1.6, almost 60% lower.. give it time.. i didnt say it was going to happen on a 5 min chart before the eu dissolved. btw, what was you wright about and myself wrong. please quote the post so i will know. sometimes i am wright, sometimes wrong. if i am right or wrong i will admit it.....
All posts are my personal opinion
  • #1,027,595
  • Sep 22, 2015 1:52pm Sep 22, 2015 1:52pm
Quoting goldfish3
{quote} Dont want to break the party here but: Stop losses are arbitrary. if youre risking 20 pips, you may as well need to move it to 30 depending on the volatility of the time. If you have a system you know that your trading from a particular "ranged" level. So moving stop losses is a must. The important thing is to know the +- limits of your orders. Then there is also spread, which varies too. The measurement of your trade needs to account for error. No measurement means anything, in any walk of life, without defining the error.
So , if your system says take this trade , stop loss here and r/r is 2 to 1 but volatility picks up then its ok to move your stop loss so that you could have a negative r/r .

Doesn't make sense to me .

MY OPINION :: you take a trade for a reason . Stop loss is set when you make the trade . If your stop loss was hit the your system is flawed , your reason for taking the trade is wrong or just a bad trade . ( shit happens )

Nothing but love here
Peace
  • #1,027,596
  • Sep 22, 2015 1:56pm Sep 22, 2015 1:56pm
Of coulse it doesn't make sense

Because it's part of the sales pitch

Might impress someone here though Rookie Talk

Quoting gatorinla
sometimes wright, sometimes wrong.
Sounds about wright in North Korea

Quoting Amg63
{quote} Thank You for the info
EU bounce - EJ is likely to move along
  • #1,027,597
  • Sep 22, 2015 2:06pm Sep 22, 2015 2:06pm
waiting for bullish signs at 1.11
  • #1,027,598
  • Sep 22, 2015 2:19pm Sep 22, 2015 2:19pm
Quoting Ken A
Of coulse it doesn't make sense Because it's part of the sales pitch Might impress someone here though Rookie Talk
you ale not asian.
follow the flow
  • #1,027,599
  • Sep 22, 2015 2:22pm Sep 22, 2015 2:22pm
  • #1,027,600
  • Sep 22, 2015 2:27pm Sep 22, 2015 2:27pm
Quoting build11
{quote} So , if your system says take this trade , stop loss here and r/r is 2 to 1 but volatility picks up then its ok to move your stop loss so that you could have a negative r/r . Doesn't make sense to me . MY OPINION :: you take a trade for a reason . Stop loss is set when you make the trade . If your stop loss was hit the your system is flawed , your reason for taking the trade is wrong or just a bad trade . ( shit happens ) Nothing but love here
Well buddy think of it this way. You move your stop to BE yes? why dont you move your stop the other way. PA can turn on you every hour. PA can be indecisive every hour. Hard and fast rules in this market are not something that work for me. Maybe they will for you. Good luck.
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