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wasp

Market Wizard
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Everything posted by wasp

  1. wasp

    Live FX Trades

    Closed for +142 Long @ 209.05
  2. Purely GJ alone. The correlation is not close enough in the others.
  3. Not given it much thought before really but I was watching the YM yesterday and what would have worked for me in FX, seemed oblivious in the dow. Obviously, the big boys are not the same people, the economics are different and there is a lot of alternate factors affecting FX vs Indices. I am not naive enough to believe all trading book cliché patterns etc. but, even the simplest of things like S/R didn't work as well in the YM. Whilst I don't expect anyone to have the answers (except smarties!) does anyone else find it odd how technical analysis can be so different in two separate markets.
  4. How long is a piece of string mate? Why would I do that? I know where they start from
  5. Lost a bit of zest over the last couple of weeks... There was 2 quiet weeks, two great weeks then the last 2 have been tame but prior to those, 200 pip candles were not uncommon. I hope post Summer(!) life comes back.
  6. Not to say people cannot make money from it but to me its not much different to a stochastic crossover setup. More coincidence than solid reasoning. Do you use them a lot (candlestick patterns?)
  7. Ahh, I don't hold much stock in candlestick patterns. It relies on those pumping a lot of money into the market seeing exactly the same setup. Not only does that mean they have to use the same charts, but also candlesticks and also the same timeframe and providers that use 240m candles all at the same time. From experience in brokerages, half these people use 'mountain' setups, some line charts and others no charts at all. The only thing I know for sure that all bank FX traders note is key s/R levels.
  8. wasp

    Live FX Trades

    Out for -38 Short @ 210.55
  9. Easy to label action in hindsight. Oh, and price is not it's own entity like a computer program, its buyers and sellers and every tick tells the story of what will happen next. Labelling a days action on prior occurances similar is a road to ruin. God I hate trading books.
  10. wasp

    Live FX Trades

    Inclined to agree at the moment. Far too many buyers at 210.70 to let the sellers take it lower. I think we just need a few more sellers to swap over and join the push up instead.
  11. Nope, I enter with everything on Sunday night and every trade is 100% till the close of that trade and then its all in again as I reverse and so on till Friday afternoon. If I have a reason to exit I have a reason to enter and nothing matters between those points otherwise I'd be reversing.
  12. Looks like that short is going to happen now we have reversed cowpip
  13. Nope, its got me... I'm sticking to GJ!
  14. wasp

    The Lounge

    Didn't leave me behind in the reputation stakes, that's for sure!
  15. Give us a chance... still learning and nowhere near as simple as Italian and Spanish! Fridays close and back in June too.
  16. 725 is my resistance hence stop above it, I just got in too late
  17. I hear no fat ladies singing just yet... my stop is at 11730
  18. I got in late, busy trading GJ but see too much resistance. Reckon its going down....
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