[Archive] FOREX - Trends, Forecasts and Consequences (Episode 11: January 2012)

[Sceptic Philozoff]

The previous episode is here. The rules are the same.

[trol222]

ay em fuerst, the pound is down)))

[Mihail Marchukajtes]

I bought the Euro and I did it for a reason... That's what I'm saying, you have to trade in the direction of the market, and all the assumptions that the market should go down or up, it's all bullshit.... We trade the way the market goes, that's all...

[Александр Шевчук]

nikelodeon:
I bought the Euro and I did it for a reason... That's what I'm saying, you have to trade in the direction of the market, and all the assumptions that the market should go down or up, it's all bullshit.... We trade the way the market goes, that's all...

The important thing is to see when this move finishes and not where it goes, otherwise you might not survive a drawdown.)

[Tantrik]

I sold in anticipation of a correction and will re-sell, there is a higher level, stop 10 pips.

[trol222]

nikelodeon:
I bought the Euro and I did it for a reason... That's what I'm saying, you have to trade in the direction of the market, and all the assumptions that the market should go down or up, it's all bullshit.... We trade the way the market goes, that's all...

As you said it is important to see the market direction. And you don't play for the continuation of the market movement - you don't make predictions. (you yourself described it above, but in different words, and you say it's not a prediction) the real dynamic prediction ....

[Tantrik]

Tantrik:

I sold in anticipation of a correction and will re-sell, there is a higher level, stop 10 pips.

The price went through (3031 max.) I didn't put any stops yet - I went to smoke...

[artikul]

Tantrik:
I got knocked out, went back in (3031 max), didn't set any stops yet - went to smoke...

)))

[Александр Шевчук]

Tantrik:
I got knocked out, went back in (3031 max), didn't set any stops yet - went to smoke...

This is a cautious game, and there is not much sense in it yet))))

[Tantrik]

strangerr:

You have to play it carefully, and there's not much point in it yet))))

it's not a reversal of the eu down - it's a correction (reversal nearby)

[Александр Шевчук]

Tantrik:
it is not a reversal of the euro downwards - it is still a correction (reversal nearby)

I see it, that's why I'm saying it.