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Obsidian
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Everything posted by Obsidian
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unemployment claims.....
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speaking of distraction, i had a similar problem when i stared learing how to trare. i was not well prepared, therefore i was giving instant decisions. or i was missing good entry points while i was checking the forums for systems-tips etc. what i did was: -picked a system to follow (i was interested in price patterns, candlesticks and breakout) -i studied historical charts to build a plan. -i was examining the charts during the weekends to plan possible trades. i would mark possible formations, trend lines etc. next i would decide entry-exit-stop levels. i would mark these levels on the charts in order to give sudden and wrong decisions. once i labeled everything on the charts, the chaos was gone.
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aud/nzd is sinking slowly...meanwhile another interesting chart; eur/cad ...daily chart turned bullish...
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Summary of open orders and positions:
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raised stop on this one...target is still the same...for now
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you should have used double size fonts for this part
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The manipulation is everywhere..but in fx, at least you are aware of it..centrals banks and their policies of course affect currency pairs..some can control it, EUR/CHF 1.20 floor for example...some just cant, USD/JPY for example...anyway, I think technical analysis works better when the volume (i.e. the number of participants) is real high..
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Introduce Yourself Here - Don't Be Shy!!
Obsidian replied to trading4life's topic in Beginners Forum
Hi and welcome to the TL community... -
to learn how to hit %100+ in a couple of weeks, I may pay six digit figures...in thai baht of course
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it was no surprise that german court did not rule against esm...that would be like burying their dream with their own hands...guess we will see real fireworks if fed does not give hint about qe3... shorted aud, eur and gbp...small positions with with tight stops...
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that was funny...used a typewriter 30 years ago :rofl:
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I see bulish continuation so not touching it...I think the bulls may push aud/usd to 1.0500 if we trade above 1.0450..
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that is a friendly contest
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Summary of open orders and positions:
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U.S. Trade balance...........
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AUD/NZD is heading to 1.2550? I will be looking for a shorting opportunity with a stop at 1.2840
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hmm what made me move to fx..well, there are less instruments to focus on, trading hours allow me to trade while i am at home (since i live in asia, i can trade during the london session without any distraction) and i can rely more on technicals (hard to manipulate compared to stocks)...
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Hi Bobc, I am still in sleeping mode...ZzZzZz..till fomc announcement probably:cool: here is the weekly chart..chinese buyers should be happy and relaxed...
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opened a single position earlier today...usd/cad short... trada balance data in 1h20m though...will be watching closely
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Summary of open orders and positions:
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closed 2/3 and raised sl...today the market is toooo slow..ZzZzZzZz...
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I think what method we choose to learn or apply to generate trading ideas should be releated to instruments/time frame as well... Yes technical analysis was easier for me to learn, but there were times that I made my decisions according to fundamentals...however that was long term investment on the stock market...I used fundamentals to pick the promising ones and then used technical analysis to decide where to enter and when to exit... now trading currencies, and I just use technical analysis because I dont hold positions for months anymore...
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investing on bananas... why you shouldn't be a bull in a bear market....
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I did not open any new positions today...I just dont like when trading range is so tight..but that is ok because I love bbands coming closer
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We = small fishes hunting with the sharks