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- stantony1 replied Mar 9, 2010
Chop Chop Chop — Kind of choppy with no clear direction. I have a triangle on the 4 hour chart but which way it goes, I do can not fathom. Might just sit it out till it gets to 1.3680 and then short. Position = FLAT
- stantony1 replied Feb 2, 2010
Stophunters!!!
- stantony1 replied Jan 27, 2010
Ok I redid my chart for the PA tonight. Canceling previous orders. It doesn't look like it will get up to 4115... Nice triangle forming. Might see 4095-4100 which is short entry, SL 4120. TP is 4030, TP2 is 3950.
- stantony1 replied Jan 26, 2010
Looks pretty heavy right now now... may not get up to 4100 again... BUT I AIN'T CHANGING MY PLAN. Gotta stick with the plan... gotta stick to the plan... Short at 4115 and again at 4125, SL 4140, TP 4020. Last week I didn't stick to the plan and I ...
- stantony1 replied Jan 26, 2010
By the way, do you think the State of the Union address tomorrow at 9pm EST going to have a volatile effect on the markets? Is that like trading news?
- stantony1 replied Jan 26, 2010
(0.02, 0.20) PSAR is only there to show me a past trend. It's not very reliable except to predict a break out UP or DOWN. regardless of PA. I found that when the PA get's close to the dot. It breaks violently UP or DOWN. IMHO, I should not use it ...
- stantony1 replied Jan 26, 2010
Setting up for short trade. I have a unit to sell at 4115, and at 4125, SL will be 4140 TP1 is 4020 TP2 is 3950 which completes wave five which started at 4192. Breach of 4192 invalidates wave count. If stop loss is hit, then reenter short at 4175 ...
- stantony1 replied Jan 26, 2010
PROFIT +75. I am flat since 4050. I think it will trace back up to 4120 and then back down again to 3950. The fifth wave impulse not done yet. Will reenter short around 4120. Need to do more charting first.
- stantony1 replied Jan 26, 2010
That's a good point! Which lends to my short sentiments as of late... Thank you! This forum is definitely worthwhile to read, learn a lot from you guys.
- stantony1 replied Jan 25, 2010
I don't think the USD will fail, but I think that the it's going to take a lot of devaluation in the coming years. The US is one of the youngest countries out there and it's going to have it's ups and downs. I think the US is definitely in a down ...
- stantony1 replied Jan 25, 2010
I think we're headed down to the 1.38XX -1.39XX before any action back up. US economic indicators are more likely than not be positive for the USD and it will just drive down the Euro. US interest rates will eventually rise. That's what I think is ...
- stantony1 replied Jan 25, 2010
I opened a short on Friday at 1.4125 SL at 1.4235 Target is 1.4050 for a 4 hour chart target. ( low of the last few days ) Based on Fib and Elliot Wave. This might be wave 5 down on the 4 hour chart The long term target is 1.3950 if you look at the ...
- stantony1 replied Jan 22, 2010
Bonehead! — CLASSIC BONE HEAD BAD TRADE. This is what happens when you don't follow a plan. My original plan was to short at 4150 sl 4180 tp 4100 during the Tokyo session. OH NO. Had to get greedy and short at 4134 sl 4164 because I felt that ...
- stantony1 replied Jan 21, 2010
That last wedge that EU broke out of from the top of the wedge to the exit point is about 300 pips in length. From the break out, it should travel about 300 pips down and bounce back up. One of the general observations I was taught is that channels ...
- stantony1 replied Jan 20, 2010
The figures are coming from technical analysis. Everyone pretty much arrives at the same figures. It just which way you decide to go which dictates your trade. And your trade dictates your trade settings. And your account dictates your money ...
- stantony1 replied Jan 20, 2010
BE is Break Even which means moving stops to remove risk off the table or where there is zero result if the trade stops out. PA is Price Action (correct me if I am wrong) which is movement of the currency pair
- stantony1 replied Jan 20, 2010
Stops to BE and moving TP to 4150
- stantony1 replied Jan 20, 2010
The fib level is 50% BTW on the weekly chart. That's some hefty support at 4150.
- stantony1 replied Jan 20, 2010
4200 and change. We are in a bear triangle from descent 4290. The next weekly fib down is a mere 50 pips away at 4150. I expect to drop fast to 4150 in the short term and then BOUNCE. Short at 4210 and target is 4180 for now. SL at 4130
- stantony1 replied Jan 18, 2010
I am short and in the money... stops to +5 pips. Will add if it gets to +25 pips