Thread: My quotHoly S**t Momentquot

Consider finding the trend with a perspective. Economic indiors also trend. Market sentiment also trend.

Assess Dollar across the board in larger timeframes and you will see!!! SIngle pair's M15 candle does not tell you

Check Yen across the board, too.

Fundamentals behind those currencies are trending accordingly. Also as GBP EUR fundamentals are up trending, clearly.

I'm always, always dollar short and yen short. So

GU EU moving is contrary to the USD short fashion. Scalp for pips during the move and discover prices to begin building inventories that are long. The trend will come.

Carry trades have a crystal clear uptrend. Do exactly the same...

If you Remain in the sidelines during a counter-trend move, you ARE TRADING THE TREND.

Therefore, when moves contrary to it come, I set FIBO retracements because thats what these moves are: profit taking, retracements, maybe not TREND REVERSALS.

OPEN YOUR MIND. Stop with the jerking. Watch what's happening.... Examine gold, Oil, Treasure, Stock market. Go after market commentaries. Know market reacts during crisis. . .WORK...!!!

Once I got started in Currency Market I thought: I'm not going to study all this economic B.S. All I need is two or three indiors... Almost burned my account, too.

Big cash moves by the economic B.S not by Slow Stochastics. We're only begin making money here once we begin thinking like the large players believe. Lazyness, The Search for the Holy Grail COST and greed. Along with the market sends the invoice.

Originally Posted by ;

Alright there might be wholly different tendencies if you look at the

1hr
4hr
1day
1week

charts on a pair.

So which one do you use to discover the trend?

Greater than 4 hours tends to be noise as opposed to a fad.

They're the sucker rallies and declines.

PS Don't be the sucker...

.

It is valuable to look at the chart that Newbie posted a while back:

https://www.nigeriaforextrading.com/...irs-worth.html

It has continued to trend upwards....

Haleluhia

.

Originally Posted by ;

It is valuable to look at the chart that Newbie submitted some time ago:

https://www.nigeriaforextrading.com/...d-raschke.html

It has continued to trend up....

Haleluhia

.

Along with the upward trend continues....

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

A interest rate gap is a trend.

See if you borrow and get cover interest rate, now by this alone, a bit of the cash, move to the higher side. (if by volume buy= sell)?

Originally Posted by ;

Greater than 4 hours will be sound as opposed to a fad.

They're the sucker rallies and declines.

PS Don't be the sucker...

.

Personally, I've something I call the 25 rule: if your chart's setting triggers more than approximately 25 pubs ( /- 2) in a trading day, the data will probably be too noisy.

So for FOREX, anything greater than a 1 hr interval is noisy since it will create more than 24 bars per daily. For US stocks, anything greater than a 15 min interval is noisy since it will create more than 26-27 pubs daily.

94891I do agree that shorter time frames (lower than the Hourly chart) are less important in the Forex than other monetary assets.

94898Trends is a fad, price moving one way, less or more. Uptrend, downtrend trend whatever.
Where you look to find those trends is a different issue. I am day trading and look for trends on a 15m chart. A great trend was on GBP/USD today a man could overlook that. EUR/CAD trend great too yesterday. Take a look in the event that you don't understand what a trend resembles.
Finding a fad is easy, trading the trend is not. It takes expertise and time to master it, if you're able to ever master it it takes time to make money fad trading. You have to time your entries well. For instance, maintaining S/L tight is always a fantastic idea, you enter the fad late, you'll just loose 10-15 pips (15m tf, gbp/usd), however, if you input at the base of a pub, then price retraces slightly, you could get taken out, just later to find the trend continue. Timing entries is very important, and that also includes experience. Another big issue is exits. It's not hard as you don't expect it to go on forver if the trend is running like a mad man. However, in case there are whipsaws if fad is slow, exits become hard. Practice does help however, clinic in being flexible...

Best regards,

Vlad Zapletin

94898

Originally Posted by ;

My son is only 2. Whenever I hand him a printout of a chart, he eats it. I can't wait until he's five.

Oh my GOD Dopey, mine turned 2 in April, that is SO TRUE! He is in what I'd like to call the Puppy Phase.

I am sure Dopey will back me up with this....but for all those of you do not have kids, here's a quick little story:

My son likes to play with Daddy's computer. It creates artwork and little sounds. He really likes to play with something called charting progr.

One day, he's a little more competent in his computer abilities. He learned but right-clicking the mouse, that he could put an order. So he did.

He chose to buy the AUD/USD pair. My son appears to know a lot about the economy, he in actuality, has done this 3 days.

The irony of all this: He is up 14 pips. He'd be up more if Daddy freak out to shut the trade, and did not see exactly what he did. (had no idea where it is going.)

Being a father, this is exactly what you will have to anticipate. A 2 year -old out smarting you at a very extreme complied world. And to think I spent. The actual lesson could be let him exchange for me?

94898

Originally Posted by ;

So being a dad, this is exactly what you might need to look forward to. A 2 year -old out smarting you in a really extreme complied world. And to think I spent all this time hoping to learn. The lesson could be let him exchange for me?

Back after my son was about 5, we had been traveling from Nova Scotia to Maine...I gave him 5$ so he could go buy pop or candy or anythig else he would like; he watched the slot machines wanted to play with those instead.

OK, good time to let the child learn about the hazards of gambling - he will lose it all, will not have any money left = no soda, no candies....

Well, big mistake. A couple of pulls, and he won a good amount of money. Funny thing, after doing this he got tired, and stopped....

Later on, we went up into the lounge, where they'd that ship-board horse racing, where you've got four horses onto a board in the center of the lounge, arranged on a short track; in each turn the MC pulls a number from a hat, and the horse using this amount moves into the next square. The very first to the end of the track wins.

Well, he wanted to bet on this; when I proposed he should not bet *all* his money, he chose to put half his money on one horse, and half on another, and that I could possess the winnings from the next horse.

Well, his horse came in first, and mine came in second; I got reimbursed my initial 5plus some winnings, and he got off the ship with everything for him was a package.

I really don't know who actually heard anything though... I will not go into the specifics once I tried to teach him the hazards of betting via blackjack, except even playing with the trader, being able to count cards, and utilizing only 2 decks, I lost my entire jar of pennies very quickly...