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  • #1,059,261
  • Feb 27, 2016 2:53pm Feb 27, 2016 2:53pm
Quoting vasily
another sample for norm,1/2 level on month chart.to find norm need to find siwng high low on chart and put fibonaci tool {image}
Looking at weekly and monthly, Next major fib target parity
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Come with me if you want to live....
  • #1,059,262
  • Feb 27, 2016 3:01pm Feb 27, 2016 3:01pm
Quoting Ill-b-back
{quote} Looking at weekly and monthly, Next major fib target parity {image} {image} {image}
people must understand this.falling oil price make inflation data bad.now uas gdp is 250% good then what is waited. 0.4% to 1.0%
cause oil falling price efect is going out of bad cpi efect.eu is bad.draghi can print more money.refuge problems and more.so eu can go more down like you say.its also under weekly algo slope.stil
  • #1,059,263
  • Feb 27, 2016 3:08pm Feb 27, 2016 3:08pm
Quoting vasily
{quote} people must understand this.falling oil price make inflation data bad.now uas gdp is 250% good then what is waited. 0.4% to 1.0% cause oil falling price efect is going out of bad cpi efect.eu is bad.draghi can print more money.refuge problems and more.so eu can go more down like you say.its also under weekly algo slope.stil
with Goldman Sachs recently publishing to the Sheeple that they have turned $ bullish against the Euro, you just know it's going down
Come with me if you want to live....
  • #1,059,264
  • Feb 27, 2016 3:09pm Feb 27, 2016 3:09pm
Quoting Anusragger
{quote} You learn BS.
Be humble, my friend.
Trading currencies is a constant learning process. You will never know everything, and there's always place for improvement. I've been doing this since middle of 2008 and still there are days when I act like the most retarded noob. see lower.

I somehow agree, this huge ass thread has its share of garbage post, but it's up to you how you filter it. I personally use this as a storage of my trading method. It's such a nice feeling looking back to pre-2010 posts and seeing how I read the tape (like a blind 5 year old. lol) and I'm really looking forward to 2026 to see how much I evolved as a trader.

There are a bunch of dudes around here that have seen every kind of market and have thousands of trades under their belt, look them up and try to learn a bit from their skill set. it won't hurt you.

and now story time:

Blinded by love

- a short story about poor trading -



A misty haze was set upon the quiet city. A cold early spring breeze got through the half opened window. It was well

over 12am on a Monday, not a single car was rowing on the streets.

A shimmering light source was keeping my eyes open. It was eurusd slowly crawling to 1.1

Yours truly felt the confidence of a thousand tornadoes. "This baby's gonna fly" i said to myself. [post]

Little did I know that those damn Rothschilds and fucker banksters gonna rape me by Friday midnight )) But then again, having tornadoes

by my side i kept buying till I puked.


By Friday afternoon i was holding my beloved longs and scalping short with big volume. Even when i had the the confirmation that it won't go above 1.1, I didn't close them(longs) hoping for a miracle. I loved them, why would I kill them?


By Friday market close i had blown away half my February gain and got my heart broken.


But i still live another day to learn from my shit mistakes and never do them again.



THE END



The moment you stop learning is when you die. The leader to financial independence from FX trading is filled with hard lessons. You can't be lucky all the time and you will never reach a point where you won't need to learn something new.

A bit of background and shameless self-promoting: I always wanted to have my equity curve same as a well balanced EA and i'm slowly getting there (account started on 1st of june 2015)
have a great week y'all!
and on topic: looking to sell it if it goes back up to 1.1 by monday london open. if it still goes down like a brick, i'll just stay by the side cuz I missed the train.
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  • #1,059,265
  • Feb 27, 2016 4:06pm Feb 27, 2016 4:06pm
[quote=BooG;8781226]{quote} Be humble, my friend. Trading currencies is a constant learning process. You will never know everything, and there's always place for improvement.

Well said. Success in anything is a moving target and requires ever changing, honest adjustments in strategy.
  • #1,059,266
  • Feb 27, 2016 5:44pm Feb 27, 2016 5:44pm
Nope. That is not norm. That is AB=CD.
  • #1,059,267
  • Feb 27, 2016 6:20pm Feb 27, 2016 6:20pm
Quoting Pharm0r
Nope. That is not norm. That is AB=CD.
WestCoastCat <---abnorm
How many people here have telekenetic powers?...raise my hand
  • #1,059,268
  • Feb 27, 2016 9:18pm Feb 27, 2016 9:18pm
Quoting DasPips
I can't quite put my finger on it, but he reminds me of someone who was banned from here before.. just sayin'.
add it up,, does he live in gb. maybe he is a israel living in england who was long gold and silver till broke..
those who can, do. those who cant, talk about those who can
  • #1,059,269
  • Feb 27, 2016 9:25pm Feb 27, 2016 9:25pm
Quoting BooG
{quote} Be humble, my friend. Trading currencies is a constant learning process. You will never know everything, and there's always place for improvement. I've been doing this since middle of 2008 and still there are days when I act like the most retarded noob. see lower. I somehow agree, this huge ass thread has its share of garbage post, but it's up to you how you filter it. I personally use this as a storage of my trading method. It's such a nice feeling looking back to pre-2010 posts and seeing how I read the tape (like a blind 5 year old. lol)...
good trend
those who can, do. those who cant, talk about those who can
  • #1,059,270
  • Feb 27, 2016 10:02pm Feb 27, 2016 10:02pm
Quoting Rag2RichesFX
Here's how to make $50,200 in 48 hours with a risk of $5000. USDJPY 20 lots long @ 111.20, stop 110.92. Catch the bottom and anticipate a daily reversal. Use patience. Don't even look at the charts for a day or two if necessary (if you tend to sabotage your good trades). Just let it run. Check back in 24-48 hours. Didn't trade yesterday just let my JPY short and CRUDE longs roll. Do you really think price would be at any different level just because an additional 20 lots were traded out of the 10 million+ lots that JPY traded over the past 48 hours???...

Can you please give some hint how you trade? I want to learn trading ES like you do!
  • #1,059,271
  • Feb 28, 2016 2:21am Feb 28, 2016 2:21am
Quoting IMARICH1
Connors, You have a golden goose in your hand with goldfinch coaching you! I wish I could sit in his LAIR for 1 day! He is spot on and gets it. I have no clue how the 2hr and 4hr were the drivers today unless he was referring to the LOWs being tested. But, listen to him. He will help guide you. I just wish I could study something that he has to find those levels. He gets it! He told me the same thing to go and sit in a room with no distractions and read my charts over and over. He said I would see it. I didnt find what I needed. Listen to his advice....

he needs to reorganize, i know nothing about trading... even then i saw it coming i saw his trades opened before the news i knew and warned him the half way... blind confidence killed him twice at least.
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There is only one way to learn. It’s through action.
  • #1,059,272
  • Feb 28, 2016 2:30am Feb 28, 2016 2:30am
Quoting procrude
I hope the market opens up in my favour. I am negative -34 pips on the close of the market. I think I have been doing good this week but I must start using stop losses. I will keep a 60 pip stop loss as I mostly trade on a 5 min chart while watching 15/30 min charts. I hate to keep positions for a long time. Every time in the past and also in the last two weeks, the $$$ were lost due to me holding a position for 7 days. I do high risk trading so the reward is high too BUT as every one has told me I will start using a stop loss. I had a major loss...
good one, you are doing good really.
There is only one way to learn. It’s through action.
  • #1,059,273
  • Feb 28, 2016 2:33am Feb 28, 2016 2:33am
Quoting BooG
{quote} Be humble, my friend. Trading currencies is a constant learning process. You will never know everything, and there's always place for improvement. I've been doing this since middle of 2008 and still there are days when I act like the most retarded noob. see lower. I somehow agree, this huge ass thread has its share of garbage post, but it's up to you how you filter it. I personally use this as a storage of my trading method. It's such a nice feeling looking back to pre-2010 posts and seeing how I read the tape (like a blind 5 year old. lol)...
Of course one has to keep learning. And I don't know if you can only learn BS over here or any other forum. But I do understand that what you can learn here are all the wrong things.
  • #1,059,274
  • Feb 28, 2016 2:48am Feb 28, 2016 2:48am
I'm shorting down to parity. The FED will raise again this year, and Draghi will keep easing to get inflation under control.
  • #1,059,275
  • Feb 28, 2016 2:54am Feb 28, 2016 2:54am
Quoting MaxDoom
{quote} Yep Don't be a spamming id***
  • #1,059,276
  • Feb 28, 2016 4:43am Feb 28, 2016 4:43am
Quoting mackaozy
I'm shorting down to parity. The FED will raise again this year, and Draghi will keep easing to get inflation under control.
I think it will reach parity too, but I don't intend short for the long-term unless it breaks below the previous low at 1.05.
  • #1,059,277
  • Feb 28, 2016 6:10am Feb 28, 2016 6:10am
Quoting mahfoozah
{quote} he needs to reorganize, i know nothing about trading... even then i saw it coming i saw his trades opened before the news i knew and warned him the half way... blind confidence killed him twice at least. {image} {image}

Whose account was that? was that a real or demo?
Drawdown is more important than Account Size !
  • #1,059,278
  • Feb 28, 2016 6:45am Feb 28, 2016 6:45am
Quoting procrude
{quote} Whose account was that? was that a real or demo?
just a trader on FF. he had a real account. here http://www.forexfactory.com/connors
There is only one way to learn. It’s through action.
  • #1,059,279
  • Feb 28, 2016 9:54am Feb 28, 2016 9:54am
Based on these bullish Triangle and the bullish Wedge, if i dont see any gap below by 9 PM GMT? i will long with big lots till 1.0980 and may be till 1.1005
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #1,059,280
  • Edited 10:29am Feb 28, 2016 10:05am | Edited 10:29am
Quoting mackaozy
I'm shorting down to parity. The FED will raise again this year, and Draghi will keep easing to get inflation under control.
Not in March and most likely not even 2nd quarter.
Strong USD is not desirable for US economy. Between now and 2Q lot can happen.We are in global economy and what happens in Euro,China effects everything in US.What happens on Oil as well.
Lot of factors going on.Don't be surprised Euro pound appreciating after mid March.Nothing goes in straight line.
On Draghi he has a history of playing verbal easing and then doing nothing.ECB is limited when it comes to inflation.Inflation more or less is directly related to Energy oil prices.
Strong USD=Lower Oil=lower inflation and that's true globally.As long as Oil stays 30-35 you won't see inflation
One way to boast oil prices is to weaken USD and for that means putting halt on hikes for economy to catch up.

On oil
This is a huge factor on Stock values,housing ,jobs,inflation.
Already Alasaka,N Dakota,Wyoming,Louisiana,New Mexico are in recession.
The U.S. States Where Recession Is Already a Reality

Unemployment numbers of 5% is misleading.True number is close to 18% when factoring part timers and out of labor force workers.
Most states after unemployment benefits end you are not counted officially unemployed anymore.5% is ridiculous number Feds love throwing around.This being election year I am sure doctored numbers look good for democrats.
In trading, you have to be defensive and aggressive at the same time
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