EURUSD M6E/6E Euro

December 4th, 2011, 03:05 PM

wldman

to post the kind of value that could help people. Sharkey tried it. CJbooth tried it. Read how those posts went down and then check that last post of yours.

I'm sure other guys have tried to contribute value for the value they find here too. But there is no way that I'm going to lay myself out exposed for the detractors or the dierespectful. The command, send me your template and all your settings is like asking a guy if he wants to film you sleeping with his wife. I also don't suffer fools with much grace, so the "will this work" on a 63 tick or a renko double secret bar type or the "have I tried" questions would drive me crazy.

The better way for me will be to find individuals that are hardworking and sincere and try to help them individually.

A collaborative with like minded guys that have varied skill sets is like finding a pink unicorn it seems.

"..is like asking a guy if he wants to film you sleeping with his wife" ... What's wrong with that? Haaaahaaaaaaa!

December 4th, 2011, 03:16 PM

Not totally writing off futures.io (formerly BMT) by any means. Just very very unlikely to try to post value in a typical forum.

DB

December 4th, 2011, 04:56 PM

wldman

Not totally writing off futures.io (formerly BMT) by any means. Just very very unlikely to try to post value in a typical forum.

DB

most forums nowadays are just filled with child trolls, take a look at elite, that place went to unbelievable hell, beyond hell. no use in posting anything of value anyways, no one is going to share anything of value in return. every software geek and kid trader still believes in some magical setting or display. no one wants to learn to trade they just want to play with charting software. try staging an intelligent thread, it either gets ignored or trolled. serious waste of time. i can't even find a semi-intelligent discussion on something as basic as a news story, god forbid someone actually discussing a real trading methodology.

December 4th, 2011, 05:22 PM

This thread is getting...

December 4th, 2011, 05:57 PM

I think this thread is useful and it helps me to read some of the exchanges from others here, although I rarely feel able to offer anything useful myself.

I'm a price action trader so I just skip the charts and concentrate on the text. I think simple support and resistance levels or supply / demand levels are easy to agree upon, so everyone benefits from discussing that, and I guess the simple indicators.

The fundamentals are v. interesting and feed into my higher time frame bias.

December 4th, 2011, 06:37 PM

Adamus

I think this thread is useful and it helps me to read some of the exchanges from others here, although I rarely feel able to offer anything useful myself.

I'm a price action trader so I just skip the charts and concentrate on the text. I think simple support and resistance levels or supply / demand levels are easy to agree upon, so everyone benefits from discussing that, and I guess the simple indicators.

The fundamentals are v. interesting and feed into my higher time frame bias.

I think obvious support/resistance are reliable only for the higher time frame traders who can trade with large stops. The S/R levels that are obvious to most of us, are also obvious to the guys who make a good living out of running the stops at those levels. So as a small time frame trader, I do not trade those levels, because my stops are not big enough to survive those tactics.

December 4th, 2011, 08:19 PM

wldman

Just not worth it to post the kind of value that could help people.

Leave and don't come back if you feel this way -- I don't want you here.

Mike

December 5th, 2011, 04:46 AM

monpere

I think obvious support/resistance are reliable only for the higher time frame traders who can trade with large stops. The S/R levels that are obvious to most of us, are also obvious to the guys who make a good living out of running the stops at those levels. So as a small time frame trader, I do not trade those levels, because my stops are not big enough to survive those tactics.

I deliberately didn't mention trading plans when I mentioned S/R levels. I can show you break-outs of S/R levels that never came back - you don't make a good living just running stops. Try to make it make sense - I'd be interested if you can. Where would you buy, where would you sell, what would your risk be? Like you say, everyone knows where S/R levels are - but nobody knows what's going to happen when price gets there.*

* edit: In a big, liquid market....

December 5th, 2011, 12:54 PM

Eric j

Januarys low is 3000 area , I just ride along with the heavier traffic . Im in the south bound lane but if I see it getting heavier in the northbound Ill switch lanes .

big game hunter, are you still in the south bound lane or did the fed action made you pull over at a rest stop?

I like reading yours and others long term analysis.

Also as someone new to Forex trading, I find it a real pita to be a US(New York) based trader. It appears most of the price action takes place with the open of the London session, by the time US session comes mkt starts to move sideways. I read one NY trader wakes up at 4AM and trades through 1PM. How do you guys manage?

December 10th, 2011, 12:52 PM

Euro seems to be bouncing around within a bearish channel this past week. Quite the whipsaw ride but great for intra-day directional trades. It seems that TPTB are trying to orchestrate a rumor every day in an attempt to bring back buying interest. Couple that with repatriating dollars for euros and we've got a wild ride. Despite all the wild swings, we closed just barely below last week's close leaving a nice tail to the downside on the weekly candle which could prompt the bears to try and refill it. A re-test of 3130 seems very likely here.

On the lighter side of things, did anyone notice the fire breathing Elephant formation on Friday? Lol! (See attached)

EURUSD M6E/6E Euro

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EURUSD M6E/6E Euro