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  • #9,381
  • May 29, 2014 2:06pm May 29, 2014 2:06pm
Quoting waleed.khan
{quote} Where did you get this chart from?
From here mate: http://www.oanda.sg/analysis/historical-position
Silly thought : I Believe we need to counter those open order ratio in order to profit, if many sell we buy and vice versa. That's why people always say "95% Retail trader lose money from Forex"

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Cheers
feinan
t.me/LWBRfx Discord.io/LWBR
  • #9,382
  • May 29, 2014 2:06pm May 29, 2014 2:06pm
Quoting kinspk
{quote} Haha. This 2 days, I am doing what her quote stated. I closed my trades assuming they are wrong end up they are actually right.
so worked in reverse for you.
Arun
  • #9,383
  • May 29, 2014 2:15pm May 29, 2014 2:15pm
Quoting kinspk
{quote} Haha. This 2 days, I am doing what her quote stated. I closed my trades assuming they are wrong end up they are actually right.
this quote mean is, when I open trades I assume they are losing position, until market proves me right. So i ready to lose my money without hard feeling
t.me/LWBRfx Discord.io/LWBR
  • #9,384
  • May 29, 2014 2:55pm May 29, 2014 2:55pm
Quoting feinan
{quote} From here mate: http://www.oanda.sg/analysis/historical-position Silly thought : I Believe we need to counter those open order ratio in order to profit, if many sell we buy and vice versa. That's why people always say "95% Retail trader lose money from Forex" {image} Cheers feinan
Thanks for the link...(it doesn't work...but atleast I know you got it on Oanda; will find it...thanks though!

And yes...doing the opposite (being greedy when others are fearful and fearful when others are greedy --that's how buffet made his billions)

but judging from sentiment here...I feel that more people have already become bullish....
  • #9,385
  • May 29, 2014 3:13pm May 29, 2014 3:13pm
Quoting waleed.khan
{quote} Thanks for the link...(it doesn't work...but atleast I know you got it on Oanda; will find it...thanks though! And yes...doing the opposite (being greedy when others are fearful and fearful when others are greedy --that's how buffet made his billions) but judging from sentiment here...I feel that more people have already become bullish....
sorry wrong paste, here you go http://www.oanda.sg/analysis/open-position-ratios

cheers
t.me/LWBRfx Discord.io/LWBR
  • #9,386
  • May 29, 2014 3:23pm May 29, 2014 3:23pm
Quoting waleed.khan
{quote} Thanks for the link...(it doesn't work...but atleast I know you got it on Oanda; will find it...thanks though! And yes...doing the opposite (being greedy when others are fearful and fearful when others are greedy --that's how buffet made his billions) but judging from sentiment here...I feel that more people have already become bullish....
yes, still to many bullish people and people that hoping they are longing the bottom. I was allways learned never to catch a falling knive.
PA today comfirms that bears are still in control, hence every upmove sellers are stepping in. I still think that their is more downside coming. good luck all.
  • #9,387
  • May 29, 2014 3:55pm May 29, 2014 3:55pm
After shooting up to 1260 i was kind of convinced we are going to have a decent bounce to 70´s.. but now.. When I take a look at the PA I kind of doubt that..
Anyway, after such a free fall I totaly expected more than pathetic 9 USD correction. Let us see (..and hope - in my case ).. Come on Asian bulls!
Everything is gonna be OK at the end. If its not OK Its not the end
  • #9,388
  • May 29, 2014 4:22pm May 29, 2014 4:22pm
Quoting Yoshimura
{quote} intuition ?... i never trade with intuition. only gamblers made that. I trade with 15 years of experience...chère "parisienne".
What ever you call it, experience or intuition. As long as it serves you well, do as you like.
My point is simply, what makes you think the price will not continue to fall even more? If your answer is simply, "my experience tells me that", I have nothing against it. It would be almost the same as mine, I would just call it an intuition. If not, I would appreciate an explanation.
  • #9,389
  • May 29, 2014 5:18pm May 29, 2014 5:18pm
Quoting TudorJonesJR
{quote} yes, still to many bullish people and people that hoping they are longing the bottom. I was allways learned never to catch a falling knive. PA today comfirms that bears are still in control, hence every upmove sellers are stepping in. I still think that their is more downside coming. good luck all.
I second that....do not catch a falling knife...just take a look at what gold did when it fell from 138x a few weeks ago...a few days without retracement..
it's gonna do the same this time until 1230 I think...then I'll long
  • #9,390
  • May 29, 2014 8:41pm May 29, 2014 8:41pm
Quoting Polaris4dy
{quote} I second that....do not catch a falling knife...just take a look at what gold did when it fell from 138x a few weeks ago...a few days without retracement.. it's gonna do the same this time until 1230 I think...then I'll long
its not and we are going to $1280 and maybe much higher,
this time situation is very different, that time was sparked by investor thinking about an inminent rate rise, now that possibility look much far away.
  • #9,391
  • May 29, 2014 9:32pm May 29, 2014 9:32pm
the U.S. didn't have a whole lot of good news today. The unemployment claims data seemed to be the exception. Once Europe wakes and starts trading again I think we'll see a shuffle back to the 1270-1280 range.
  • #9,392
  • May 29, 2014 10:32pm May 29, 2014 10:32pm
While there may be some fluctuation of 5 - 8 $s ahead, but, on a broad level I expect the price to shoot today. I have been building test longs for long term, will continue to build these through June and July.
Hello World!
  • #9,393
  • May 29, 2014 10:46pm May 29, 2014 10:46pm
Quoting ClockTrader
While there may be some fluctuation of 5 - 8 $s ahead, but, on a broad level I expect the price to shoot today. I have been building test longs for long term, will continue to build these through June and July.
Daily ichi chart shows that it has not accommodated the recent bear movement of the last two odd days, meaning a retrace back to the 1294 level is coming and from there we can go beyond.

I would be happy to see another bear front down to the 1255 level then a shooting pattern from there.
As for Today I am not sure, but I anticipate that come Monday we will be back in the 1290's.
A genius is born every minute, me I am lucky if my socks match.
  • #9,394
  • May 29, 2014 10:56pm May 29, 2014 10:56pm
Quoting MisterSpread
{quote} Whackdiddy, I'm not a pro on Ichimoku, but I'm studying it for about 3 years now and it helped me a lot ( especially with USDJPY where I saw a big pattern broke 2 years go and went long from $82 and followed that until $102... man what a ride ), I would like to say congrats to you for seeing the crossover of TK and KJ that will be forming very soon on weekly under the Kumo, and if that will happen I don't see any reason why the price shouldn't test the lows of 1190ish. I have only one concern here, the RSI is showing oversold levels on...
Thanks champ, I love my ichi indicator. Since using I normally make some good coin, only time I loose is when the brain gets in the way of the technicals.
Oversold and Undersold, never really bought (pun intended) into it as an indicator, as we can enter one state for too long a timeframe to suite my trading style.

After talking to CT, I am also a clock watcher but on a 24 hour scale and not the monthly / yearly that CT is.
Somebody on here had some flags on their chart depicting the opening sessions, UK flag and such. Can anybody tell me what indicator that is?
A genius is born every minute, me I am lucky if my socks match.
  • #9,395
  • May 29, 2014 11:06pm May 29, 2014 11:06pm
Quoting whackdiddy
{quote} Thanks champ, I love my ichi indicator. Since using I normally make some good coin, only time I loose is when the brain gets in the way of the technicals. Oversold and Undersold, never really bought (pun intended) into it as an indicator, as we can enter one state for too long a timeframe to suite my trading style. After talking to CT, I am also a clock watcher but on a 24 hour scale and not the monthly / yearly that CT is. Somebody on here had some flags on their chart depicting the opening sessions, UK flag and such. Can anybody tell me...
like mine?? Sonic.R System
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  • #9,396
  • May 29, 2014 11:07pm May 29, 2014 11:07pm
I started a crude oil thread

http://www.forexfactory.com/showthread.php?t=487323
Hello World!
  • #9,397
  • May 29, 2014 11:09pm May 29, 2014 11:09pm
Quoting feinan
{quote} like mine?? Sonic.R System {image}
This is going to sound crazy after me posting my ichi charts with clouds and lines all over the place but wow that is busy...
A genius is born every minute, me I am lucky if my socks match.
  • #9,398
  • May 29, 2014 11:12pm May 29, 2014 11:12pm
Quoting kinspk
{quote} Indeed it's abit risky, I was thinking the same as you about longing, but when I look at the volume, it don't look as if it gonna stop there and retrace. Hopefully it move up, may you take a breakeven. {image}
Found it, it was kinspk.. Had to go back about ten pages..
What is the indicator / script that puts the flags on your chart? I like.
A genius is born every minute, me I am lucky if my socks match.
  • #9,399
  • May 30, 2014 12:57am May 30, 2014 12:57am
On the M1 for a scalp, we are about to have a little bear movement down to the 1257.76 level.
I am not entering as I have current positions in play for longer term.
A genius is born every minute, me I am lucky if my socks match.
  • #9,400
  • May 30, 2014 1:08am May 30, 2014 1:08am
Quoting whackdiddy
On the M1 for a scalp, we are about to have a little bear movement down to the 1257.76 level. I am not entering as I have current positions in play for longer term.
Bear movement over, about to bull back up.. for another nice scalp
A genius is born every minute, me I am lucky if my socks match.
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