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  • #1,701
  • Feb 26, 2016 8:46pm Feb 26, 2016 8:46pm
Thanks very much Fxentropy for your explanation in post 1,677 - very helpful.

I just have one question: How do you determine the likely direction of the Dollar index for the day?
  • #1,702
  • Edited 10:59pm Feb 27, 2016 10:41pm | Edited 10:59pm
Quoting TheRealDeal
{quote} Did you read that, lurkers? Steve is right! I am so grateful that these people exist. They feed my trades every day
Listen to these guys [ TRD,,Steve Patt ],they are giving you pearls and you cant even see it !!!
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To get what only the 5 percent have, you need to be willing to do what only the 5 percent do.

Warning,crude language but powerful message.
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IMPROVISE ADAPT OVERCOME
  • #1,703
  • Feb 28, 2016 12:59pm Feb 28, 2016 12:59pm
Quoting danzka
{quote} actually no business is easy in this world, 8 out of 10 fails, but in trading failure can come in a minute, trade NFP, prescon, rate decision it can come in seconds I'm sure TRD and Entropy had many desperate moments but they persist{image}
That poor snail never made it to the Ark. The Ark sailed without him and the poor bastard drowned
every Saint has a past. Every Sinner has a Future
  • #1,704
  • Feb 28, 2016 11:05pm Feb 28, 2016 11:05pm
Like to thank everyone that took the time to reply to my first post in this thread. Been lurking for a long time but never had anything to contribute! I nearly didn't hit the submit button out of concern I would offend those who give so much time to this thread. On the other hand I hoped you might appreciate some feedback, in case I'm not the only one, not getting the benefit you might expect us peeps to getting. I have detected a frustration from TRD in this regard at times.

Again thanks for staying positive when confronted (not that that's what I meant to do) - a sign of successful traders!

Thanks Fxentropy, I've printed out your post.
Good Trading
  • #1,705
  • Feb 29, 2016 12:29am Feb 29, 2016 12:29am
A question of gaps. Is this how you guys see gaps and is the first one still valid?

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Good Trading
  • #1,706
  • Feb 29, 2016 1:18am Feb 29, 2016 1:18am
Quoting aud
A question of gaps. Is this how you guys see gaps and is the first one still valid? {image}
Good Morning!
Everybody has own view of gaps. For me fill is something visible on my chart. For example your first gap is filled on that TF, but if you look closely there is 1 part above your horizontal line which isnt. If you go lower you will be able to see new gap. Which is OFC less significant. But eventually will get filled.
Please focus on the big obvious ones.
  • #1,707
  • Feb 29, 2016 1:48am Feb 29, 2016 1:48am
Quoting TheRealDeal
{quote} Good Morning! Everybody has own view of gaps. For me fill is something visible on my chart. For example your first gap is filled on that TF, but if you look closely there is 1 part above your horizontal line which isnt. If you go lower you will be able to see new gap. Which is OFC less significant. But eventually will get filled. Please focus on the big obvious ones.
Take this chart as example. Now on 5min it looks like a big gap, but doesnt it look same way on H1?
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  • #1,708
  • Feb 29, 2016 2:12am Feb 29, 2016 2:12am
Quoting Ghost Walker
{quote} Listen to these guys [ TRD,,Steve Patt ],they are giving you pearls and you cant even see it !!! {image} To get what only the 5 percent have, you need to be willing to do what only the 5 percent do. Warning,crude language but powerful message. https://www.youtube.com/watch?v=c3z-Mb0dfJM {image}
thanks for the motivation, mate. Only few will get it anyway. Nothing we can do about it, even if i repeat myself a thousand times.
Actually i am doing it all the time. No one noticed???
Ah ye, they are maybe one of the 5%...
  • #1,709
  • Feb 29, 2016 3:01am Feb 29, 2016 3:01am
This is how I'm looking at EUR/USD.

I was looking for a deeper Bullish move before Anticipating the Bears kicking in.

The Markets don't give a damn about what makes me comfortable to take a Trade but I'm looking for a LH.

Unfortunately I don't have access to "their" plans so it comes down to using the skills I have gained to Anticipate Market Reaction.

The more skills we acquire the better we become at, not only, Anticipating Market behaviour but where we are going to see that Reaction.
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  • #1,710
  • Feb 29, 2016 4:31am Feb 29, 2016 4:31am
Quoting stevepatt
this is how i'm looking at eur/usd. I was looking for a deeper bullish move before anticipating the bears kicking in. The markets don't give a damn about what makes me comfortable to take a trade but i'm looking for a lh. Unfortunately i don't have access to "their" plans so it comes down to using the skills i have gained to anticipate market reaction. The more skills we acquire the better we become at, not only, anticipating market behaviour but where we are going to see that reaction. {image}
hi steve,
my 2 cents.

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  • #1,711
  • Feb 29, 2016 5:50am Feb 29, 2016 5:50am
My EU trade:

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Stalking the next prey

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  • #1,712
  • Feb 29, 2016 6:10am Feb 29, 2016 6:10am
Long EU. Guess why?
"What would you attempt to do, if you knew your success was a certainty?"
  • #1,713
  • Feb 29, 2016 9:00am Feb 29, 2016 9:00am
Quoting Fxentropy
Long EU. Guess why?
.....nevermind anyway didnt worked that well.

flat!
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"What would you attempt to do, if you knew your success was a certainty?"
  • #1,714
  • Edited 9:28am Feb 29, 2016 9:18am | Edited 9:28am
Quoting Fxentropy
{quote} .....nevermind anyway didnt worked that well. flat! {image} {image}
nice work,mate! I was also long GU all day long
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  • #1,715
  • Feb 29, 2016 10:03am Feb 29, 2016 10:03am
Quoting TheRealDeal
{quote} nice work,mate! I was also long GU all day long {image}
YEP, good work you too!

and thats round II
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"What would you attempt to do, if you knew your success was a certainty?"
  • #1,716
  • Feb 29, 2016 10:25am Feb 29, 2016 10:25am
my latest love.....DAX

perfect for scalping, ideal to determine the direction of EU - helps for corrolations
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"What would you attempt to do, if you knew your success was a certainty?"
  • #1,717
  • Feb 29, 2016 10:44am Feb 29, 2016 10:44am
Quoting TheRealDeal
{quote} Hehe, everybody is different. If i tell you that i spent less than 10 years, what would you think? This guy must be a genious or he was born a trader . Now read carefully! There are phases/stages you have to go through: 1. Few years of losing real money 2. Few years of break even or barely winning real money 3. Few years of profitability where you can barely feed you and your family 4. Few years of profitability where you start making bigger money and feeling comfortable 5. Few years of profitabilty where you make loads of money, buy houses,...

May i crave your indulgence here please?

If you are long on EU from 1008, how do you plan on handling this situation or DD considering the fact that today is the last day of the month and the monthly candle is almost closing as long bearish pin?
There is no spoon.
  • #1,718
  • Feb 29, 2016 1:24pm Feb 29, 2016 1:24pm
Quoting MosDef
{quote} May i crave your indulgence here please? If you are long on EU from 1008, how do you plan on handling this situation or DD considering the fact that today is the last day of the month and the monthly candle is almost closing as long bearish pin?
I took a loss on Friday. I hold rarely trades over weekend as weekly candle is the only real candle in forex. ove.
  • #1,719
  • Feb 29, 2016 3:09pm Feb 29, 2016 3:09pm
Quoting TheRealDeal
{quote} I took a loss on Friday. I hold rarely trades over weekend as weekly candle is the only real candle in forex. ove.
TRD, may i offer you a tea to calm you down?

take it slowly, a new month is coming up.....
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"What would you attempt to do, if you knew your success was a certainty?"
  • #1,720
  • Feb 29, 2016 3:15pm Feb 29, 2016 3:15pm
Quoting Fxentropy
{quote} TRD, may i offer you a tea to calm you down? take it slowly, a new month is coming up..... {image}
Lol where do you think I got the cup from
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