Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

firewalker

Trade Discussion and Analysis

Recommended Posts

I see you started a new thread, so I think it's best I reply over there...

don't want to disrupt the flow of your losing trades in this thread :stick out tongue:

 

Despite watching another 100 fall without me in my favour, I have my weekly 500 pip goal, how are you doing???

Share this post


Link to post
Share on other sites
Just goes to show - you shouldn't anticipate anything. I needed to wait for confirmation. Yes, I'm a dufus!

 

Out for -63 and will now sit and nurse my wounds.

 

This has turned into a bloody ugly day for me. It should have been very rosy.

 

Hypocritical of me to say and just as guilty at times but........

 

Rules, Rules, Rules................

 

Why did you just go long other than the fact that you weren't already short and worried it was too late to go short so best go long rather than sit there missing out?

Share this post


Link to post
Share on other sites
This thread is to remove the risk/temptation to over trade through boredom...

 

 

If you want some puzzles to get your mind started, let me know :)

 

Here's a good one:

You have 9 balls, one of them is heavier than the other. You have a balance which you can use exactly two times to determine which ball it is. No cheating or using of other aids.

 

After you found that one (which is easy compared to this), try doing the same thing with 12 balls. But in this case you don't know whether the one ball out is heavier or lighter. I found this one really challenging. It's definitely good to keep you busy while waiting for a trade!

Share this post


Link to post
Share on other sites
Hypocritical of me to say and just as guilty at times but........

 

Rules, Rules, Rules................

 

Why did you just go long other than the fact that you weren't already short and worried it was too late to go short so best go long rather than sit there missing out?

 

Because I'm an ass, Wasp! A total complete ass!

 

I broke the rule, didn't wait for confirmation, went on a hunch that the thing would behave at the support line and have now paid the piper for that foolishness.

 

If there's one good thing that has come from this, it has been the reinforcement to OBEY THE !$%@ RULES! Jeez.

 

I'm -137 for the day. And it should have been a bloody profitable day. Time to go cool off now and dig up that dead dog for some more target practice.

Share this post


Link to post
Share on other sites
If you want some puzzles to get your mind started, let me know :)

 

Here's a good one:

You have 9 balls, one of them is heavier than the other. You have a balance which you can use exactly two times to determine which ball it is. No cheating or using of other aids.

 

After you found that one (which is easy compared to this), try doing the same thing with 12 balls. But in this case you don't know whether the one ball out is heavier or lighter. I found this one really challenging. It's definitely good to keep you busy while waiting for a trade!

 

STOP CHANGING THE SUBJECT and state your answers..........

 

 

 

 

 

 

 

 

 

Oh, and btw,

 

1 - Split the balls into three groups of three balls each.

 

2 - First use of the scale: Weigh any two groups against each other.

 

 

 

3 - If the groups weigh the same then the heavier ball is in the third group, otherwise it is in the group that weighs more.

 

 

 

4 - We now know that the heavy ball is one of three.

 

 

 

5 - Second use of the scale: Using the group of balls that we know contains the heavy ball, weight any two balls against each other.

 

 

 

6 - If one of the balls is heavier then we have our answer. If the balls weigh the same then the third ball is the heavy one and we again have our answer.

Share this post


Link to post
Share on other sites
So....... Each chart is 1 candle from either reversing or continuing and you said to me, major reversals only happen at S/R........

 

Come on... which way for each?!

 

I didn't say that I could predict what was going to happen next...

 

But I'll tell you what I would do depending on market action in just a minute!

Share this post


Link to post
Share on other sites
I didn't say that I could predict what was going to happen next...

 

But I'll tell you what I would do depending on market action in just a minute!

 

 

You said a major reversal will ONLY happen at S or R and I said I will prove you wrong, and here we are!

Share this post


Link to post
Share on other sites
Despite watching another 100 fall without me in my favour, I have my weekly 500 pip goal, how are you doing???

 

I was on-target for a similar total, till IDIOCY took over. I'm now only +119 for the entire week. Ah well... it could be worse. Last week was far worse.

 

I'm getting tired of trying to find these new S/R lines. Have to go way back now.

 

Wasp, am I right in positioning the next S/R line near 188.95?

Share this post


Link to post
Share on other sites
Here comes numero uno

 

attachment.php?attachmentid=7729&stc=1&d=1220553932

 

 

..........

 

These are 4hour charts so that is a big reversal!

 

Ooooh, and where is the support causing that................?

2.thumb.gif.904f0419387a86cb0b1dd889bac133fd.gif

Share this post


Link to post
Share on other sites

Aha! So I would've scaled out but still be in for the rest of the upmove.

With another exit at the red dot annotated on this chart.

 

attachment.php?attachmentid=7735&stc=1&d=1220554926

 

..........

 

These are 4hour charts so that is a big reversal!

 

Ooooh, and where is the support causing that................?

 

Ehm, I'm not sure what you mean but I don't see a reversal here!

All I see is price making a swing low, then making another swing high but failing to break much higher. Then we have a move back to support and yes it moves slightly below support but it comes back up immediately to recover and rally!

 

So either you are stopped out because you have a tight stop (which means you can still re-enter when price recovers), or you are still in because you have a somewhat wider stop.

 

Sorry, no reversal here in my eyes! Just a test of support on a typical shake-out!

1a.thumb.GIF.714f1bec7f3153a3ef3378e265f98221.GIF

Share this post


Link to post
Share on other sites
I am impressed oh Belgian one, congrats!

 

There is more to you than Stella Artois

 

Of course, we (Inbev) have acquired half of the world's beer by now :o

 

Good exercise btw. I liked it. No price quotes, no instrument, so no cheating.

And despite the lack of volume I still managed to do okay. Hmm...

Share this post


Link to post
Share on other sites
Aha! So I would've scaled out but still be in for the rest of the upmove.

With another exit at the red dot annotated on this chart.

 

 

 

Ehm, I'm not sure what you mean but I don't see a reversal here!

All I see is price making a swing low, then making another swing high but failing to break much higher. Then we have a move back to support and yes it moves slightly below support but it comes back up immediately to recover and rally!

 

So either you are stopped out because you have a tight stop (which means you can still re-enter when price recovers), or you are still in because you have a somewhat wider stop.

 

Sorry, no reversal here in my eyes! Just a test of support on a typical shake-out!

 

My point being the support level in question prior that rally was broken so yes, whilst crossing back through meant it was due to rally, to say it turned and continued up because of support is a bit of a long shot. Coincidence even.

Share this post


Link to post
Share on other sites

I'd just like to emphasize to everyone watching my learning curve here about something...

 

If I would have stuck strictly to the 4-hour plan (and disregard even trend-lines), I would have nabbed most of this 400 pip day. What I did today was a cardinal sin, yet I often find myself repeatedly violating it. I got lazy and decided I was smarter than the market. I AM NOT SMARTER THAN THE MARKET. No one is.

 

What I needed to do was wait for price to test, reject and close above one of the S/R lines before taking my long. But I decided in my very small mind that price would be rejected at 190 - partly because of the size of the bounce that we saw the first time it visited there. You can't assume anything!!! You have to wait for the market to tell you the truth. If you do anything earlier, you've dulled your edge to the point that you couldn't cut through a cake with it and you've unduly increased your risk.

 

My losses today were entirely deserved! Break the rules, pay the price. It's as simple as that.

 

Don't break the rules, people. And if you don't have any, FIND SOME quick! Write them down, memorize them, dream about them, rehearse them to yourself in the mirror, or whatever it takes to prevent yourself from breaking them. It's easier said than done when you're sitting at the computer watching price action. But if you don't heed it, you pay it.

Share this post


Link to post
Share on other sites
Of course, we (Inbev) have acquired half of the world's beer by now :o

 

Just as long as you leave that American muck where it is! :rofl:

 

 

Canadian beer is all good btw! (and Japanese too in case Soultrader is reading!)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • GFL Environmental stock, watch for a top of range breakout at https://stockconsultant.com/?GFL
    • PLBY Group stock watch, nice trend with a pullback to 1.83 gap support area, bullish indicators at https://stockconsultant.com/?PLBY
    • Date: 24th February 2025.   German Markets Surge as Friedrich Merz Set To Be Chancellor, Euro Gains on Fiscal Shift   Germany’s stock index futures and the euro rallied after opposition leader Friedrich Merz secured victory. Investors expect a shift toward increased government spending. US-China trade tensions rise as Trump tightens restrictions on Chinese investments. AI optimism fuels Chinese tech stocks despite regulatory concerns. Nvidia’s earnings report on Wednesday is expected to impact market volatility. German Markets React to Election Results Germany’s stock market and currency experienced a sharp rally in Asian trading after conservative leader Friedrich Merz won the country’s federal election. This victory aligns with pre-election polls and signals a potential departure from Germany’s traditionally strict fiscal policies. Futures tied to the DAX Index surged as much as 1.5% on Monday, recovering from early losses in a session marked by thin trading volume. Meanwhile, the euro strengthened against most major currencies, climbing 0.7% against the U.S. dollar. Market analysts believe Merz’s leadership could mark the end of Germany’s tight fiscal stance, with expectations that his administration will prioritize economic stimulus. This shift comes at a critical time, as Europe’s largest economy grapples with sluggish growth, geopolitical uncertainties, and the threat of a global trade war under U.S. President Donald Trump. The euro’s strength also reflects optimism that Merz will form a government quickly, which wasn’t a widely held expectation before the election.     US-China Trade Tensions Intensify While European markets gained, US-China trade tensions escalated as Trump ordered stricter regulations on Chinese investments in key sectors, including technology, energy, and infrastructure. The move is part of a broader strategy to limit China’s influence in strategic industries. Although not legally binding, the directive strengthens oversight by the Committee on Foreign Investment in the United States (CFIUS), a panel responsible for reviewing foreign acquisitions. JPMorgan strategists warned that this decision could reverse gains in Chinese tech stocks, which had rallied earlier in the year. Despite geopolitical headwinds, Chinese technology stocks have posted strong gains this year, largely driven by optimism in artificial intelligence (AI) and key policy shifts. The market remains under-owned by global investors, suggesting potential for further capital inflows. The growing AI industry has helped offset risks from US tariffs, with investor sentiment remaining bullish on leading Chinese firms like Alibaba and Tencent. Chinese officials reacted strongly, with Vice Premier He Lifeng raising concerns about Trump’s recent 10% tariff hike on Chinese goods in a call with US Treasury Secretary Scott Bessent. Additionally, sources revealed that Trump’s administration urged Mexico to impose tariffs on Chinese imports as part of broader trade negotiations.   Despite these challenges, investor focus remains on Nvidia’s earnings report on Wednesday, a key event that could drive market volatility.   Gold Nears Record Highs on Inflation and Central Bank Demand Gold prices held near $2,940 an ounce, just shy of last week’s record, as ETF inflows surged and the US dollar weakened. The precious metal is on its longest winning streak since 2020, fueled by rising inflation expectations and mounting geopolitical uncertainties under Trump’s administration. Lower US Treasury yields have also boosted bullion’s appeal, with traders now expecting the Federal Reserve’s first rate cut in July rather than September. Markets will closely watch Friday’s inflation data, a key indicator for Fed policy direction. Final Thoughts Markets are reacting to a mix of political and economic shifts, with Germany’s election outcome boosting European equities while US-China trade tensions create uncertainty for Asian markets. Investors will be closely monitoring fiscal policy changes in Germany, Nvidia’s earnings, and further trade developments for insights into market direction. For more financial market insights and updates, stay tuned. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news.   Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • INO Inovio Pharmaceuticals stock, holding strong, watch for a bottom breakout above 2.36 at https://stockconsultant.com/?INO
    • Date: 21st February 2025.   European PMI Disappoint, Weighing on Euro Before German Elections   The Euro is the first currency to witness the volatility on this month’s PMI reports. The French, German and British PMI data have resulted in the Euro being the worst-performing currency of the European Session so far. However, will the Euro continue to decline throughout the day? European Purchasing Managers’ Indexes The French Purchasing Managers Index was the first European index to be made public. The release resulted in the Euro instantly declining 0.24%. The main concern from the French data was the Services PMI which fell from 48.2 to 44.5. Previously the market was expecting the data to remain more or less unchanged. The weak data triggered the decline which came to a halt after Germany’s PMI was released.     The German Manufacturing PMI read 0.5 points higher than previous expectations and the Services PMI was 0.2 points lower. The data from Germany was a relief for Euro investors and the price rose 0.12% higher. However, traders should note that the price of the EURUSD continues to remain 0.20% lower than yesterday’s close. The price of the EURUSD will now depend on the PMI data from the US. The value of the US Dollar will depend on its PMI release this afternoon and the Consumer Sentiment Index. Analysts expect both the US Services and Manufacturing PMI data to remain above the 50.00 level in the expansion zone. German Elections 2 Days Away Germany is set to hold a general election this Sunday, February 23rd, following the collapse of the coalition of social democrats, liberals, and greens. Given the country's highly proportional electoral system, German polls provide a strong indication of potential government formations post-election. The main concern for Germany is the AFD party who are Far-Right Nationalists. Currently, ahead in the polls are CDU (centre-right), and AFD (far right), followed by the SPD (centre-left). Traders should note that the results of the elections are likely to trigger strong volatility on Monday, but also influence volatility today. Economists may become further concerned if the far-right gains power for the first time due to uncertainty. If the government, similar to France, is unable to form a coalition, this would also be a concern for the Eurozone. Furthermore, the Euro this week is also under pressure from comments from members of the European Central Bank. ECB Governing Council member Fabio Panetta said to journalists that officials need not slow interest rate cuts, as January's 2.5% inflation is still expected to reach the 2.0% target this year. He also advised the European economy is weaker than previously expected. EURUSD - Technical Analysis and Indicators The EURUSD is trading above the 75-bar Exponential Moving Average and 100-bar Simple Moving Average on the 2-hour chart. However, the price is moving away from the key resistance level at 1.05058 indicating the price is losing momentum. The short-term volatility is indicating the price is retracing downwards. On the 5-minute timeframe, the price is trading below the 200-bar SMA and is also forming clear lower lows and highs. Simultaneously, the US Dollar Index is trading above the 200-bar SMA on the 5-minute chart confirming no current conflicts. Currently, the US Dollar is the best-performing currency of the day attempting to regain losses from the past 2 weeks. Watch today’s Live Analysis Session for more signals as they develop!   Key Takeaway Points: Weak French Services PMI triggered an initial Euro decline, but German PMI provide a slight relief. However, EURUSD remains lower than yesterday’s close. The Euro’s direction now depends on the US PMI reports, with analysts expecting US data to stay in expansion territory. Sunday's German election could drive volatility, especially if the far-right AFD gains power or if coalition formation proves difficult. ECB official Fabio Panetta suggested no need to slow rate cuts, citing weaker-than-expected economic performance and expected inflation decline. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.