Thanks MaMood, you are right, the book is the main thing and it was a positive increase at the end of the day. In hindsight it is easy to see where one could have made a stronger attack but in the real battle it is better to take small profits and not be greedy.
Hope you are making pips with today's slower pace. Ray
Hi All, ) slower pace.)
I am laughing all the way to the bank, if only the bank was open at this hours.
beware usd bulls back in town, But dance my friend, don't be like deer in head lights, will you all.
happy hunting.
regards
and watch that yen girl carefully.
you are walking in CB territority.
seems many graves of sturborn donkeys around this zone.
even with G meeting , they just cannot get it thru their heads.
People just do not understand managed economies.
and a word about that. The heli guy sure is siting on his ass , and getting free rides. Hope no shit comes out of his mouth while he keep diluting the PPP of his baby.( acedemics will always remain that, worthless in the real world ) Whereas , just look at what Mr King had done, tresuryman par excellence. Good job , old chap. The man speeks little, walks around with big stick.
fti, it is great to have you back. Really missed you and hope you are going to hang around for a while. Had a good day today, and if tomorrow is good I can call it a good week. Hope everyone is trading well.
Alexfot, glad to hear that you are making good progress. Hang in there and keep working hard.
Trade well everyone, I am going to take a break. Back later.
Hey GEfx,
still have full plates, but making some precious time for them girls running amok. Will be around , on and off , just to touch base.
lots of usd sell now lots of buying... what is it!
imbeciles
thats the word you may be looking for.
When these run the monetary policies, what can you expect?
Imagine this.
A whole world of investors sees a technical major strength in recovery. They go long, all holding their breath awaiting confirmation of their expectations thru economic figs release. Then wahla the release , its bad. Its a mirage.
Yhe market makers refuses to quote and shades away quickly, followed by an exodus of buyers all scrambling to exit their shorts.And unable to find prices to liquidate, because the pain in the behinds, are not there to provide liquidity, prices thin down making exit difficult.
Gone are the days when honourable, tough people make the markets,and honourable consistent and goal directed people dictated policies.
Now policies are in stealth mode, they behave unstable and subjective.Market is taken over by pip stealing middle men and good access is not available. Thieves stand in where true market makers used to stand.
this happens , when traditional honourable practices are being superceded by imbeciles who are unable to carry their responsibilities in an honourable and consistent manner. This the new world order. People are not accountable to their task anymore. They just warm the seats, enjoying only perks from their positions. if the perks were not there, no one would.
Hi smjones, giraia_br, capitalx, and billflet, welcome to the TAF thread. Not sure I have seen you participate here before, but thanks for your posts on NFP. The host of this thread, fti, has provided many treasures for forex traders to discover, but you must start by reading and then re-reading the first 200 pages of this thread. Not everyone here follows the approach exactly, but we are respectful of the ideas presented. Good luck and hope to see you again soon.
This is a little OT.
But if the journey is palatable, you may like some understanding, about truth and strength.
Is a beautiful journey for me, may be for you too.
Here 's a version of it.
it is 19 parts video, and a begining of a wonderful journey.
I have back tested so many systems and it always changes. One year might be good one might be trash. Indicators are all a Crap Shoot. Indicators only give people something to believe in to risk money. Real traders don't predict they future the react to it. I stopped using indicators. My number are much better.
I got up early today, so far so good. My bias for the EUR/USD is short at the moment as I expect profit taking for the week. I started my first attack around the 1.4750 area down to 1.4720 area and I am attacking again. Looking to finish the attack around or below 1.4700 If it does not reach, I will do a rescuse. Whatever happens I will try to be squared before the Europe/London session starts in case there is a change of direction. Regards to all and good trading for the last day of the week. Ray
Hi 1234,
Bias , most traders and dealers have. But you still gotta dance to the music.
Hello friends. Trading isnot easy. Here is where i am trading from... But,but the rain is near... and its cold... I have netbook and in or flat isnot a net... So i trade from a park.
I like it...yeah...
But it is moredangerous to trade here in a night... still i have to shake my head if somebody is behind...in a darkness...
Good trading for everyone.
Hi,
You trade in the wierdest places.
Maybe i would like to do that too, but at the beach.
The problem is how to have 3 screens up and staying focus.
after reading how the forex market is structured. I came to question the predictive ability of the COT reports.
COT data just contains the Chicago mercantile exchange currencies future contracts positions .. and not positions by banks and big financial institutions as they are not regulated by the CFTC to report their positions to them as being spread worldwide.
what does the COT data represent to you?
Regards
Hi CHFJunkie,
exactly what it says.
Its the open interest and "time and sale" blotter of the exchange traders books.
But this is spot interbank forex , my friend, Its OTC.
if only you could look at the prices of rubber and trade tyres.
Fti i have quick question....may be you can enlighten us more....
In all the main battle you need to fight is with your mind nothing more... am i right..sorry if ia m little vague...
Also one last thing... isnt we become more self-realized when we trade...
V
Hi indianguyinny24,
Mostly is like that you described.
You see , markets do whatever she wants to do. If you met her with ou opionions, mostly will not suit. Even if direction of dance were the same the depth and scope would not fit.
mostly i do not fight with my mind ,as you said. why should I, just go with the flow, but the more learned you think you had become, the harder inthe arteries you will become. This is mankind's nature .
also mostly take much humility to see things as they are, than what we perceive to be.
I am new to post in this thread , but actually I have been studing your posts since you started this thread, and it's quite valuabe and informative.
On the above post you mentiond today is Friday and a inside day. Do you mean it by experience(observation)? IMHO, there is also some big trending Friday. Is this because lack of major news report today? I found G/U , U/J, U/CAD have a quite performance today. Looking forward to your insight... Thank you.
Regards,
Mike
Hi mike, sure took you a long time to say anything.
No , just a guess. I believe what is will stay what is, esp when time becomes finite.
I'll buy to infinity and sell to zero , if thats the dance and there was time.
Here is a lead into a story that has been incorporated much facts, accusations, revelations,hypothesis,speculation. ..etc
You are expected to use your brains and think about whats been presentated.
Is it real?
yes it could.
Could this be fabrication?
yes it could.
So how do we judge?
Don't .
The only reason this is here is that there is usd info.
watch that this may just be informative debate.
Again, traders always have some kind of bias.
However you still have to dance the dance.
And nimbleness is your sword. Become rigid with opinions and you are ripe for being bbq.
i am experiencing major technical difficulties with my computer and internet access.
Appreciate if someone will page up the rest of this 14 part video from youtube.
Have they verified the kyoto protocol already?
Look I am already paying premium prices for cigarettes, maybe in there, already the co2 tax.
But be reasonable, I am already paying moneys for water that god gives freely. Ok so I pay people for collecting it.
Ok So I drink urine filtered water. ok !
but whats next tax on carbon and gases release.
look my household expenditure is already very high for an old retired man. If taxes are imposed on gas release as well, then for crying out loud. My household expenditure would hyper-inflate well beyond my means. I have to decide if I will smoke until I die , or quit smoking to pay for farts.
Come on whats this new world order shit. Please give this old fart some liberty.Who give permission to tax for air. Why not tax the fuxers that keep bringing too many babies into the world? Nuting and speying, could that be a solution? Oh what am I saying, better get some sleep.)
Who the jim beans made this video, its scaring the shit out of my pants.
I had posted this a while back but it seems fitting to do it again,
[color=#000080][font=Arial]Tax his land,...
Hi aux,
trading well?
is there any reason why you left out "Goods and services tax"?
I was just thinking , if I tax every one , every time they read this thread , I may just make a fortune, without trading. Oh i guess , its taxes, its called advertisement. No wonder google became so rich.)
Actually copied and pasted from a different site, I'd be afraid to go and list all the other taxes not mentioned.... might need a diaper or a triple-stiff drink.
Trading has been going well, thanks.
When you going to be through with your big project?
regards,
Its coming along. Be Patient.
Anyway all that needs be is already on the table. But sure missed chatty here with you guys.
I was told long ago that ,I am something like this crazy gene. Maybe, maybe not so crazy. but how do you measure crazy? Most of my boy scout days, this was the most enjoyable actvities. No wonder it always rains when I am out camping.
Only when I am doing that , there's no music, and every things all so dang wet.and swelling rivers too
Today's been raining whole day, reminds me. Felt like taking a rain walk, only if I was fitter. Something in the rain, makes me feel really alive. Could be the ionisation of rain. Huh, I had better go for checkup at ward 13
Ah...yes...very busy...trying to find ways to eliminate evil chemicals from cigarette smoke! Possible? Yes...if so, I might even take smoking.
We just moved to Greensboro..and we are in the process of unpacking and learning about this city...
I am missing the trading fight...I should be back to the frontline in a couple weeks...mostly on the Tokyo session...I suspect that I will have to go into the fast lane with 15M-5M-1M as an adjustment to my new life style...I mean...a single 15M leg and quick fingers.
Otherwise, I am happy to see...
nice place. If you have time drop by and hug a "hi" from me to Welles Wilder. If he's still around. You can't miss his place , giant mansion and farm.
Dear fti
?fter 3month of live trading i did huge mistake. Loss 40 % . Do you thik that its normall? I was doing about 1% a day and than i just ... crazy...
check ego should br 3X 1%
I trade like this: I see 15M trend and reverses. From 5M and 1M i go to it with 1. When its ok, let it to some 15-30pips... When it is wrong, i dont close it,but add 1. When ok, take first some 10 and than...i close the second.
Is this model ok?
machanical is dangerous and rigid.
It works good, but i have...
no skews is hard ball game.no nimbleness is trading hope. no dance is bias trading.
best you demo first, until you know what you're trading.
Thank you very much fti, yes, now i go only demo... Apologise. I think that i have stupid questions, but 3X1%, it means that normally i should do 3%/day? Regards
no need apologies Fana.
3% is hard to hold to on high volatility but 40 % is stiff.
lessen expectation some. and the ego need check.
consistency is the key to profitability. Burning the house on one punt , is discouraged. But being human, this scorpions will show from time to time. Tame it or pay for the exuberance.
A sticky thread was hightlighted to me recently.
I had perused, and I find that although a little of the info was not detailed accurate, that in essense it behoves traders to at least know this info in general.Its a birds eyeview of market structure.
Yep, the market is not following through. Maybe everyone is waiting for NFP tomorrow morning. The job numbers announced today in the US indicate an easing in job losses, but productivity was at a record pace of over 9%, which means jobs are not coming back anytime soon. A little confusing right now so on the sidelines until it is clear to me. Trade well everyone.
Novicetrader: suggest you invest more time reading this thread. After doing so, the answer to your recent question will be obvious. Best wishes.