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  • #1,501
  • Oct 12, 2016 12:47pm Oct 12, 2016 12:47pm
Quoting Mr.Dan
My trading style is not good but i start to come out of this hole, starting to understand Ger30 index.
You are on the right track then, skills pile up overtime in this business.

Gold as expected did show strong reaction here @1255, so i think it will soon reach 1232ish where i think it will making a turn. Its quiet here, good luck tu us all!
  • #1,502
  • Oct 12, 2016 12:52pm Oct 12, 2016 12:52pm
Quoting Passerby
{quote} You are on the right track then, skills pile up overtime in this business. Gold as expected did show strong reaction here @1255, so i think it will soon reach 1232ish where i think it will making a turn. Its quiet here, good luck tu us all!

waiting the fomc minutes, do you know where to watch them live?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,503
  • Edited 1:27pm Oct 12, 2016 1:00pm | Edited 1:27pm
Quoting Peruvian80
{quote} waiting the fomc minutes, do you know where to watch them live?
Huh? FOMC minutes just a conversation script on last fed meeting, you read it not watched it. Maybe if you stick around here a little bit it will pop up on news section.

Add: seems that you r worried where to close ur gu short, i ll give you some number then.
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Add: OMG, you are overleveraged. Watch 1.2318ish, touching that level means it might go for the fibo lv above. Also theres shouod be rejection around 1.2255ish. If theres no reaction from 1.2255, i think you should find a better price to exit your position.
  • #1,504
  • Oct 12, 2016 1:36pm Oct 12, 2016 1:36pm
This is what i found on lower tf, good luck!

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  • #1,505
  • Oct 14, 2016 12:01am Oct 14, 2016 12:01am
How's everyone doing? I've been swamped with work commitments I haven't had much time to just sit, watch the market, and post.

@peruvian, good to see your percentage is up -- all the best in keeping it there.

Personally, I tend to be a bit too aggressive once I'm in profit, often only return to my senses when I'm only up 10-20%.

A really good friend/ ex-colleague has been a constant reminder to keep 'pruning' my acct, pulling $$ out whenever I have a good run...maybe consider doing the same.
  • #1,506
  • Oct 14, 2016 12:09am Oct 14, 2016 12:09am
I have problems qith my trading, i want to male my account bigger so im riskibg too much i think, and in the other hand my drawdown its not good, i need to get 1-1 or 1-2. Just this trade that i am now my drawdown was like 3-1. So im not doing good.

does anyone has problems with forexfactory? I cant







Quoting pursuit_21
How's everyone doing? I've been swamped with work commitments I haven't had much time to just sit, watch the market, and post. @peruvian, good to see your percentage is up -- all the best in keeping it there. Personally, I tend to be a bit too aggressive once I'm in profit, often only return to my senses when I'm only up 10-20%. A really good friend/ ex-colleague has been a constant reminder to keep 'pruning' my acct, pulling $$ out whenever I have a good run...maybe consider doing the same.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,507
  • Oct 14, 2016 6:07am Oct 14, 2016 6:07am
Quoting Peruvian80
I have problems qith my trading, i want to male my account bigger so im riskibg too much i think, and in the other hand my drawdown its not good, i need to get 1-1 or 1-2. Just this trade that i am now my drawdown was like 3-1. So im not doing good. does anyone has problems with forexfactory? I cant {quote}
If you can, make those changes while youre ahead. Its nice to try and make healthy adjustments when you're 80% up, not when youve just had a major draw down.

Haha, don't do what I do...I just shifted my leverage back to "grinding" mode. Maybe I'll let it creep up a bit when i pass 100% again, hopefully by next Feb.
  • #1,508
  • Oct 14, 2016 7:30am Oct 14, 2016 7:30am
Quoting pursuit_21
How's everyone doing? I've been swamped with work commitments I haven't had much time to just sit, watch the market, and post. @peruvian, good to see your percentage is up -- all the best in keeping it there. Personally, I tend to be a bit too aggressive once I'm in profit, often only return to my senses when I'm only up 10-20%. A really good friend/ ex-colleague has been a constant reminder to keep 'pruning' my acct, pulling $$ out whenever I have a good run...maybe consider doing the same.
Im strugling with my scalper, just resolve the multipair order management just now. Im dont even touch the trading logic this week. Anyway, i saw short term shift on market. Somehow on short term i notice buying in gbpusd, while on eurusd i think price manipulated downward. This support break are not convincing to me, its prone to a strong rebound. Take a look:
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What do you think about this move? Just ignore the position, im monitoring some ea.
  • #1,509
  • Oct 14, 2016 7:50am Oct 14, 2016 7:50am
I would like to take part in this challenge!
  • #1,510
  • Oct 14, 2016 8:11am Oct 14, 2016 8:11am
After looking back, the level i found for a reversal is around 1.0850ish on jan, 25.
  • #1,511
  • Oct 14, 2016 9:56am Oct 14, 2016 9:56am
So, im on my desktop at work and on my cellphone, and since yesterday i have problems to enter forexfactory.com, but if i type forexfactory.com/peruvian80 i have no problems. But when im in ff and then y put the news or the calendar it goes blank. Any idea why its happening this. Its happening with my cellphone with wifi, with 4g, wit my work desktop, and also with my wifi at home.

anyones can help me?

it says ERROR HTTP 500
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,512
  • Oct 14, 2016 11:07am Oct 14, 2016 11:07am
Quoting Peruvian80
So, im on my desktop at work and on my cellphone, and since yesterday i have problems to enter forexfactory.com, but if i type forexfactory.com/peruvian80 i have no problems. But when im in ff and then y put the news or the calendar it goes blank. Any idea why its happening this. Its happening with my cellphone with wifi, with 4g, wit my work desktop, and also with my wifi at home. anyones can help me? it says ERROR HTTP 500
Unfortunately, its generic error. Its means something goes wrong but the source could not be pinpointed. I think nothing wrong with your phone, its not on your side. Its either ff website or your dns server, try download vpn app on your phone(cloud vpn or turbo vpn are both free - with ads). If its resolved after you connected to vpn and reappear when you turn it off then most likely its your network side problem(dns i think).

Most will tell you to clear your browser cache, but i dont think it ll work unless you got malware which alter your dns on your phone.
  • #1,513
  • Oct 14, 2016 12:13pm Oct 14, 2016 12:13pm
Quoting Passerby
{quote} Unfortunately, its generic error. Its means something goes wrong but the source could not be pinpointed. I think nothing wrong with your phone, its not on your side. Its either ff website or your dns server, try download vpn app on your phone(cloud vpn or turbo vpn are both free - with ads). If its resolved after you connected to vpn and reappear when you turn it off then most likely its your network side problem(dns i think). Most will tell you to clear your browser cache, but i dont think it ll work unless you got malware which alter your...

thanks bro
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,514
  • Oct 14, 2016 12:31pm Oct 14, 2016 12:31pm
Quoting Peruvian80
So, im on my desktop at work and on my cellphone, and since yesterday i have problems to enter forexfactory.com, but if i type forexfactory.com/peruvian80 i have no problems. But when im in ff and then y put the news or the calendar it goes blank. Any idea why its happening this. Its happening with my cellphone with wifi, with 4g, wit my work desktop, and also with my wifi at home. anyones can help me? it says ERROR HTTP 500
I have same problem with my thread. I cant enter. Only if I use privacy mode
Try don't lose pants never...
  • #1,515
  • Oct 15, 2016 9:25am Oct 15, 2016 9:25am
Quoting braintheboss
{quote} I have same problem with my thread. I cant enter. Only if I use privacy mode
Try clearing your browser cache including saved password. I havent got problem with my phone browser, since i root my phone and install adaway from f-droid.

Back to market, price move rather wilf these two month. I was thinking its because brexit. Theres some truth into it but i felt something is missing. Something really important been ignored. While i do think usd was bullish long term, i felt that im undestimate the whole scale. I havent into fundamentals too much lately, but looking at charts seems something brewing. Its just didnt add up.

Before, i post(forgot when) about uk and pound. Now looking at global level i realize this is a major shift underway. Theres disparity, i think we all could agree that global economy is not that great. There ll be recovery someday, what matters to us trader is where? Who will be out of this mess first? Heres how i think:
- Europe? no way, right! Even with negatif rate and qe and stimulus all over the place, they didnt do well. Beside someone will need to pay for this someday. And i think uk will be a level below.
- Japan? Ummm.... They been in decade long low growth and i dont see they will resolve it soon.
- Asia beside china and india? Well.. commodities are closely related to global condition, so its a no.
- China? This is interesting, i dont think anybody could be sure. I could say that chinese gov are new guys in the game, while they are better positioned. They hide big problem under the hood. We cant be sure if they could blow anytime. I think about f1, sure they are fast. Problem is, since its new stuff they dont tend to last. At least they got infrastructure built, but it ll need constant maintanance.
- India? This one similar to china, lower wage, etc. But they got lesser capital invested, much lesser than china. While this is good in the long term, it still few decade to early to discuss. We dont trade yuan and rupee anyway.
- Africa? Out of question, too much conflict and weak central goverment. They are just not ready.
- Middle east? I do think they heading to right direction to diversify from oil(at least for saudi), but they are kinda late to do it. If they do it before oil price decline they might, but now im dont think it will be smooth.

From what I list above, most of us already heard it from news so nothing new here. But can we agree here that global economy will be in low growt mode for an extended period, like half a decade or more. But there is one deviation, yes its US. Beside massive debt and tons of dooms prediction all over the net, nothing was really wrong. You may argue that its just because low rate set by the fed, but at least the do it. Europe and japan even set negative rate, and the result was arguable. Comparatively speaking, us rate are higher than europe and japan. On real world condition, you might heard that manufacture start to heat up. Back to the country after shifted to china and brazil. No real danger here, except some worries about politics. Here the catch, did you know whoever won got the most vote. Means whoever won, majority of voters will be happy. Its their choice anyway, if they dont believe they wont vote, right. From historical data, the year of election is a good year. Candidate selling their promises, expectation would grow. Beside there is campaign spending which act similar to fiscal stimulus, which push ppl to spend. The real driver will be from increased expectaion, the candidates are boasting. While most knew that most of it just an empty promises, once again they will be fooled like they used to.

Back to what really matters. I found it interesting that major pair closed at on friday. EU stopped almost exactly at the lower range of buying area which tell us most likely it wont be bought up, yeah its on daily chart and the level im talking is on....

Wait, i should see my chart. This post been too long, and since i use my phone if i switch to metatrader what i write will be gone. I ll continue later
  • #1,516
  • Oct 15, 2016 10:21am Oct 15, 2016 10:21am
Here i go again with the boring story that i made up.

Lets head to major pairs:

- EU got major selling this month, and indeed theres many selling above 1.2220. In friday it closed at 1.0972 which is upper buying area several times back which led to a nice rebound. Here we are again, another visit. But this madebme feel, if this thing is bullish why we are here again. Its been tested many time already, theres been capitulation as some says. Maybe you think this time it will rebound again and line up you long positions. I think like this before, now i wont dare. I think it will ended like gu, heading to a level we havent see before.

- GU, i think mainly we agree that this one heading down. Problem is, on its way down i think they will be many sudden rebound forcing sellers out of their position. The most ideal case to short is to wait for sudden rebound to load short.

- UJ, this one been on range. I think its maybe because boj action. Buy, technically we are avove two important buying level which lead to strong bull trend above. The first one is on 99.9 on oct, 2013. The second is on 102.244ish on oct, 2014. See the previous bull start on Oct, will this oct be another start of a bullish trend. I dont know, but i think its more than coincidence.

- AU, recent rebound on oil and commodities provide bullishness for au. But, will it last? It closed on the level that support break back in June, 2015. And while there is nice rebound on friday, uts stopped just below many previous selling area. Im bearish on this pair.

- UC, previuosly im bearish on this pair since it enter selling area. But last week i notice buying on these level, similar with UCHF. It close on lower area of current range since sept. The fact that it hold well in selling area, not to mention this isban important selling are. I think it will break up. Take a look at nov, 2015. Its the start of prev big bull trend thats broken on March this year.

- UCHF, similar to usdcad, but uchf break upper triangle at 0.97ish. This is also the third test of this level, so naturally im bullish on this one.

Sum all what i see above, then its clearly that usd should be in a strong bull trend. I think we are heading to a leve we havent see US dollar index. Heres my recap:
* USD - Strong bull
* Pund & Euro - Strong bear
* AUD & CHF - Bearish
* JPY & CAD - Slightly bearish
Good luck!

Oh, did you know that the level i said on eu at prev page was wrong. I did not look long enough to the past. The level i saw and use actually only reactions to previous level which are more significant. And, it turn out that eu stopped right at fibo level. So i expect it to move in a range this week, if no sudden break on monday. Take a look:
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Its quiet here, some of us having a break. But I hope they will be back, and you guys who still hanging on keep doing well. Im testing my scalper this week, got nice progress on friday.
  • #1,517
  • Oct 17, 2016 3:17am Oct 17, 2016 3:17am
Another warning, just find it:
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Its not wise to trade against USD, 2yr yield in process of breaking this year downtrend line. Bull will return, from here USD might apperciate fast. Its first occurence this year, most wont even notice it. But, I must tell that this is major occurance for USD.

Gold might drop to 1190ish.
  • #1,518
  • Oct 17, 2016 7:41am Oct 17, 2016 7:41am
I want so bad to enter again short gbpusd but is in a ranging mode now and rhos range its kinda predictable. So lets wait.

Quoting Passerby
Here i go again with the boring story that i made up. Lets head to major pairs: - EU got major selling this month, and indeed theres many selling above 1.2220. In friday it closed at 1.0972 which is upper buying area several times back which led to a nice rebound. Here we are again, another visit. But this madebme feel, if this thing is bullish why we are here again. Its been tested many time already, theres been capitulation as some says. Maybe you think this time it will rebound again and line up you long positions. I think like this before, now...
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,519
  • Oct 17, 2016 11:18am Oct 17, 2016 11:18am
Quoting Passerby
Here i go again with the boring story that i made up. Lets head to major pairs: - EU got major selling this month, and indeed theres many selling above 1.2220. In friday it closed at 1.0972 which is upper buying area several times back which led to a nice rebound. Here we are again, another visit. But this madebme feel, if this thing is bullish why we are here again. Its been tested many time already, theres been capitulation as some says. Maybe you think this time it will rebound again and line up you long positions. I think like this before, now...
what a nice analysis, very inspiring!
  • #1,520
  • Edited 11:34pm Oct 17, 2016 10:30pm | Edited 11:34pm
Quoting 90strader
{quote} what a nice analysis, very inspiring!
Quoting Peruvian80
I want so bad to enter again short gbpusd but is in a ranging mode now and rhos range its kinda predictable. So lets wait. {quote}
Just dont forget, its made on longer term and on usd 2-year yield we are on proses of retest of that down line(weekly). I think this one is the driver of the pound crash before(pound crash just before that line break up). And not everyone use daily tf to trade anyway.

Btw, i just found that scalping is a very lucrative business. I test it from US session 2 and generate 40%(20%+ closed, 10%+ floating profit) profit now. If it working on european and us session 1, well thats crazy... Market should be dead but ea keep hitting aud and jpy pairs.
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