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  • #1,055,561
  • Feb 10, 2016 6:44am Feb 10, 2016 6:44am
Quoting Vorex
{quote} Nope, I'm long from 1.1172 from yesterday.
Looks like u winning
  • #1,055,562
  • Feb 10, 2016 6:45am Feb 10, 2016 6:45am
Quoting brianIOT
{quote} Been short since 1.129xx levels w/ tight SL. In EUR never is everyone short especially with news coming out. My +40 can change fast and EUR has enjoyed the bounces in the recent.
True that
  • #1,055,563
  • Feb 10, 2016 6:45am Feb 10, 2016 6:45am
Quoting brianIOT
{quote} The biggest problem with this statement is saying you can't pick it up on your own. If that truly is your mentality get out of forex now. With all due respect* you should not rely on anyone's advice or knowledge. Heck if half the people here all traded off Goldman Sacks tips they would be broke and have burned accounts. Isn't Goldman Sacks one of the best ? Sure? Maybe and yes they have made some amazing calls in the past so have many traders here. However the past is the past - you need to be confident in yourself and only take tips from...
I didn't say i cant pick it up on my own... I just said you've got to start from somewhere. Sorry if you misunderstood or i typed it wrong but explain to me where you learnt from? looking at charts for hours on end or reading online what someone else has written? yeah okay you can get the basics online from places such as baby pips, but to go further you look for people who are good at what they do... see things in common and pick things up, add it in to what you like if you understand it and it only betters your way of thinking. Correct me if I'm wrong but i dont see becoming exceptional at trading something you just learn by yourself, everyone would be doing it if that was the case because it would be easy and everything would be obvious... i didn't see what Goldfinch saw on my last trade and i just asked if he could give a little insight to me, again i took some initiative and asked politely, no harm in trying.​
  • #1,055,564
  • Feb 10, 2016 6:48am Feb 10, 2016 6:48am
Quoting goldfinch
{quote} 10 for effort. I did try to help a few, it never really amounted to anything so gave up, hence me turning my PM off. A good book to start to get the knowledge of the floor trader is John Murphy, technical analysis of financial markets. Every trader should read that cover to cover a few times to get a grip of the basics. The rest is just devouring all the information you can get your hands on. Being a floor trader has zero advantage over where you are right now, he knows the terminology and has had some exposure to market fluctuations but...
Ill note that one down, and its not a matter of me just relying on someone else's method of trading, its just surrounding myself with other good traders gather up more info and trade how I want to trade based on what i think is going to happen, increase probabilities etc etc. and i will get to where i want to be in trading no matter what other people say to me. Thanks for the advice though mate. taken it on board
  • #1,055,565
  • Feb 10, 2016 6:58am Feb 10, 2016 6:58am
Quoting Don96
{quote} I didn't say i cant pick it up on my own... I just said you've got to start from somewhere. Sorry if you misunderstood or i typed it wrong but explain to me where you learnt from? looking at charts for hours on end or reading online what someone else has written? yeah okay you can get the basics online from places such as baby pips, but to go further you look for people who are good at what they do... see things in common and pick things up, add it in to what you like if you understand it and it only betters your way of thinking. Correct...
I was fortunate enough to have an internship with a group of "pro" forex traders out of college. Yes they taught me a lot but the most important was developing my own system. Everyone trades in different styles, charting and margin. if I could recommend anything to you - is find local groups or meet ups of likeminded individuals and of course read all you can but religiously refine your personal system. It's hard to express everything properly over the inter webs I wish you the best.
  • #1,055,566
  • Feb 10, 2016 6:58am Feb 10, 2016 6:58am
Quoting goldfinch
{quote} No problem, by the way see how the 15/30 are driving this one? Plenty here took a short on the lower TF's and are getting burned, understanding the interaction and relationship of different TF's and when to focus on which one and why is paramount to success in this business. Keep having a gander over at the other threads, there is some good stuff on here that you can learn from and use to broaden your horizons. Trading is the only business that is a totally closed shop, there is no book to buy, no course to take, nobody to learn from to...
Cheers buddy, a lot of respect for you.
  • #1,055,567
  • Feb 10, 2016 6:59am Feb 10, 2016 6:59am
Quoting gatorinla
before 1387/99, 1161/64 may offer a long later.. std bbl
nursing a hangover still..1161 attraction still possible.. atm somewhere around 1286/87 up to near high is a box. it hasnt triggered it yet..but getting in that box.. then breaking today's low. may setup a short to 1161, the next time it bounces back to that same box. the target would be below 1161. atm it hasnt developed, its not yet a target. the attraction to 1161 could make it a target. worth watching.. its near 1286 atm, at 1272.

unless uj gets above 115.54. the chances of eu dropping much past 1161/35 are slimmer st
those who can, do. those who cant, talk about those who can
  • #1,055,568
  • Feb 10, 2016 7:00am Feb 10, 2016 7:00am
Goldfinch, usually what do you consider a good trade on the LT? 10-20-30 pips?

Thanks!
Why sell the bottoms when you can buy the tops...
  • #1,055,569
  • Feb 10, 2016 7:03am Feb 10, 2016 7:03am
Quoting brianIOT
{quote} I was fortunate enough to have an internship with a group of "pro" forex traders out of college. Yes they taught me a lot but the most important was developing my own system. Everyone trades in different styles, charting and margin. if I could recommend anything to you - is find local groups or meet ups of likeminded individuals and of course read all you can but religiously refine your personal system. It's hard to express everything properly over the inter webs I wish you the best.
this is exactly what my point was, its going to be best to spend time with people who are good at what they do and can prove it, I'm sorry for any misunderstanding but I wouldn't rely on any individuals single way of trading.
  • #1,055,570
  • Feb 10, 2016 7:04am Feb 10, 2016 7:04am
Quoting goldfinch
{quote} How long is a piece of string? You need to adapt to what is available, some days I get 100+pips a trade, see last week's NFP, I did one here, others I get barely 10-15 like today. Each day, each part of the day is different, it can change by the hour. It can change as soon as someone noteworthy opens his or hers mouth.
OK, got it...you get what the market is willing to offer and as much as you can
Why sell the bottoms when you can buy the tops...
  • #1,055,571
  • Feb 10, 2016 7:07am Feb 10, 2016 7:07am
1.1316 is must target.
  • #1,055,572
  • Feb 10, 2016 7:08am Feb 10, 2016 7:08am
Quoting goldfinch
{quote} You are missing the most crucial, the people you really want to hang out with won't let you. There is nothing, nobody out there who is going to help you. Get used to it, this is trading.
I disagree, of course there are people out there who will help...
  • #1,055,573
  • Feb 10, 2016 7:09am Feb 10, 2016 7:09am
Quoting goldfinch
{quote} How long is a piece of string? You need to adapt to what is available, some days I get 100+pips a trade, see last week's NFP, I did one here, others I get barely 10-15 like today. Each day, each part of the day is different, it can change by the hour. It can change as soon as someone noteworthy opens his or hers mouth. There are days I barely get 3 trades in, others I may end up with a few hundred.
That's well said
  • #1,055,574
  • Feb 10, 2016 7:10am Feb 10, 2016 7:10am
Quoting goldfinch
{quote} Those are not the people you want.
Amen.
  • #1,055,575
  • Feb 10, 2016 7:13am Feb 10, 2016 7:13am
Quoting goldfinch
{quote} You are missing the most crucial, the people you really want to hang out with won't let you. There is nothing, nobody out there who is going to help you. Get used to it, this is trading. If someone was worthy of your participation, he could easily make a few hundred K or more a week ,why would he waste his time propping you up? If he was to be retired because he made his few 100Mn, why would he then get back in to it? This is a selfish business, always has been.
Believe me ive spent time with someone who did exactly this and got me into trading... also being from the UK you would probably know him. That person who could make 100k a week may also have been as young as me and asked to spend time with experts to gain some knowledge, 10 years down the line he earning 100k a week... developing and learning the whole way. Just like the way idea that everyone trades differently, everyone has different reasons for helping and not helping those who ask and show initiative. there will always be people to ask for help and guidance in the early days. and sure id be willing to offer help if someone asked me, but hey each to their own.​
  • #1,055,576
  • Feb 10, 2016 7:17am Feb 10, 2016 7:17am
Should be an inverted H&S on 5 mins chart.. it actually broken the neckline already but some idiots are shorting.
  • #1,055,577
  • Feb 10, 2016 7:18am Feb 10, 2016 7:18am
Quoting Don96
{quote} Believe me ive spent time with someone who did exactly this and got me into trading... also being from the UK you would probably know him. That person who could make 100k a week may also have been as young as me and asked to spend time with experts to gain some knowledge, 10 years down the line he earning 100k a week... developing and learning the whole way. Just like the way idea that everyone trades differently, everyone has different reasons for helping and not helping those who ask and show initiative. there will always be people to...
Sounds like you should be knocking on this guys door. Get him coffee run errands while he banks 100k a week then have him give you tips and coach you. Bam, just solved world hunger.
  • #1,055,578
  • Feb 10, 2016 7:19am Feb 10, 2016 7:19am
Quoting JustAndy
{quote} The petrodollar is losing his aura, Iran wants to be payed in euros, the ruskyes want rubbles, the clock is ticking...
the clock is ticking all right. they have made stupid decisions before. they will make more stupid decisions in the future. rubbles? give me a break.
those who can, do. those who cant, talk about those who can
  • #1,055,579
  • Feb 10, 2016 7:19am Feb 10, 2016 7:19am
Quoting goldfinch
{quote} No problem, by the way see how the 15/30 are driving this one? Plenty here took a short on the lower TF's and are getting burned, understanding the interaction and relationship of different TF's and when to focus on which one and why is paramount to success in this business. Keep having a gander over at the other threads, there is some good stuff on here that you can learn from and use to broaden your horizons. Trading is the only business that is a totally closed shop, there is no book to buy, no course to take, nobody to learn from to...
Seeing as my post triggered that 15/30 TF discussion, and I'm still in very early learning days as well, I looked back at the charts and I guess I can add this new (for me) insight ..obviously correct me if I'm wrong.

If you trade within a time frame, trade WITHIN that timeframe (and/or lower) As you correctly pointed out, it looked that way in M5 (even more so lower) when it wasn't. At the same time if someone ONLY took M5 and lower into consideration for setting TP/SL at the time without being greedy they could probably scalp that 10 pip drop without getting burnt...
  • #1,055,580
  • Feb 10, 2016 7:21am Feb 10, 2016 7:21am
Quoting goldfinch
{quote} This will be my last post on the subject, if you are that good that you can make 100k a week, you can turn that 100k into 100Mn without too much hassle. Why would he forego precious trading time to help a novice? Sainthood?
And why do you not think it is possible... someone has a 5mil account two trades in a week could easily be 100k...maybe you don't think its possible because you haven't seen it yet?
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